|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ECOM AGROINDUSTRIAL CORP. LIMITED |
|
|
|
|
Registered Office : |
Avenue Etienne Guillemin 16 P.O. Box 64 1009 Pully/VD |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
30.09.1999 |
|
|
|
|
Com. Reg. No.: |
550.0.062.944-0 / 468488 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Wholesale of coffee, tea, cocoa and spices |
|
|
|
|
No. of Employees : |
65 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC
OVERVIEW
Switzerland is a peaceful, prosperous, and modern market
economy with low unemployment, a highly skilled labor force, and a per capita
GDP among the highest in the world. Switzerland's economy benefits from a
highly developed service sector, led by financial services, and a manufacturing
industry that specializes in high-technology, knowledge-based production. Its
economic and political stability, transparent legal system, exceptional
infrastructure, efficient capital markets, and low corporate tax rates also
make Switzerland one of the world's most competitive economies. The Swiss have
brought their economic practices largely into conformity with the EU's to
enhance their international competitiveness, but some trade protectionism
remains, particularly for its small agricultural sector. The fate of the Swiss
economy is tightly linked to that of its neighbors in the euro zone, which
purchases half of all Swiss exports. The global financial crisis of 2008 and
resulting economic downturn in 2009 stalled export demand and put Switzerland
in a recession. The Swiss National Bank (SNB) during this period effectively
implemented a zero-interest rate policy to boost the economy as well as prevent
appreciation of the franc, and Switzerland's economy recovered in 2010 with
3.0% growth. The sovereign debt crises currently unfolding in neighboring
euro-zone countries pose a significant risk to Switzerland's financial
stability and are driving up demand for the Swiss franc by investors seeking a
safe-haven currency. The independent SNB has upheld its zero-interest rate
policy and conducted major market interventions to prevent further appreciation
of the Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell to 1.9% in 2011 and 0.8%
in 2012. Switzerland has also come under increasing pressure from individual
neighboring countries, the EU, the US, and international institutions to reform
its banking secrecy laws. Consequently, the government agreed to conform to
OECD regulations on administrative assistance in tax matters, including tax
evasion. The government has renegotiated its double taxation agreements with
numerous countries, including the US, to incorporate the OECD standard, and is
considering the possibility of imposing taxes on bank deposits held by
foreigners. These steps will have a lasting impact on Switzerland's long
history of bank secrecy.
Source
: CIA
ECOM
Agroindustrial Corp. Limited
Operating
address:
Avenue Etienne
Guillemin 16
P.O. Box 64
1009 Pully/VD
Switzerland/CH
Telephone: 021
7217210
Fax: 021
7217200
Web
site: http://www.ecomtrading.com
E-mail: info@ecomtrading.com
VAT-No.: CHE105249234
Established: 1849
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and
spices
4676 Wholesale of other intermediate products
Import/Export: Import, Export
Banks: CS Credit Suisse
Coverage: Company
Figures: estimated
Employees: 65
Sales: CHF 20-40 Mio
Ecom is a global commodity trading and
processing company specializing in coffee, cocoa, and cotton in major producing
and consuming countries, with ancillary agricultural operations in oilseeds.
Ecom Group is one of the top three merchants in coffee, one of the largest
coffee millers in the world, and amongst the top five merchants in both cotton
and cocoa.
Information on property ownership was not
available.
Company
No: 550.0.062.944-0 / 468488
Legal
form: Company limited by
shares
Registration: 30.09.1999
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
21.11.2005
Date of
Statutes: 09.06.2004
Date of
Statutes: 12.12.2000
Date of
Incorporation Statutes: 27.09.1999
Entry Deleted Name
30.09.1999 ECOM
Agroindustrial Corp. Limited
30.09.1999 ECOM
Agroindustrial Corp. AG (Name translated)
30.09.1999 ECOM
Agroindustrial Corp. SA (Name translated)
Entry Deleted Legal domicile
30.09.1999 Pully,
Switzerland
Entry Deleted Address
22.08.2000 Avenue
Guillemin 16, 1009 Pully/VD, Switzerland/CH
30.09.1999 22.08.2000 Avenue Guillemin 16, chez Ecom trading S.A.,
1009 Pully/VD, Switzerland/CH
Entry Deleted Capital
23.11.2005 Share
Capital CHF 208'503'750, paidup CHF 208'503'750
Entry Deleted Capital Structure
23.11.2005 1'069'250
Registered shares of CHF 195.--
Entry Deleted Activity (original Language)
30.09.1999 Opérations
commerciales, notamment dans le domaine du café, du coton et des fibres
végétales.
Entry Deleted Remarks (original Language)
20.07.2009 Merger:
Reprise des actifs et passifs de AGROCACAO LTD, à Pully (CH-550-1052840-5),
selon contrat de fusion du 18 juin 2009 et bilan au 31 décembre 2008,
présentant des actifs de CHF 216'144'907, des passifs envers les tiers de CHF
153'063'904, soit un actif net de CHF 63'081'003. La société reprenante
détenant l'ensemble des actions de la société transférante, la fusion ne donne
pas lieu à une augmentation du capital, ni à une attribution d'actions.
06.05.2008 Contribution
in kind/Asset takeover: Selon contrat du 25 avril 2008, la société a transféré
des actifs pour CHF 182'236'642 et des passifs envers les tiers pour CHF
131'514'228, à AGROCACAO LTD à Pully (CH-550-1052840-5). Contre-prestation:
31'000 actions de CHF 1'000 de AGROCACAO LTD.
03.08.2000 Merger:
Selon contrat de fusion du 13 juillet 2000 et bilan au 31 décembre 1999, la
société reprend à titre universel et sans liquidation, au sens de l'art. 748
CO, l'actif (CHF 121'640'464.--) et le passif (CHF 114'374'160.--), soit un
actif net de CHF 7'266'304.--, de la société Ecom trading S.A., à Pully, dont elle
détient toutes les actions.
30.09.1999 Publishing
authority: Feuille officielle suisse du commerce.
30.09.1999 Contribution
in kind/Asset takeover: Actifs et passifs de la société Ecom Agroindustrial
Corporation Limited, à Dublin (Irlande), pour CHF 250'000'000 au maximum.
30.09.1999 Contribution
in kind/Asset takeover: Selon contrat du 27 septembre 1999 : 13'500 actions
nominatives IEP 1, de la société Ecom Agroindustrial Corp. Limited, à Dublin
(Irlande), et 4'667 actions nominatives de COP 75'000 de la société
Almacenadora Del Caribe Limitada, à Bogota (Colombie), pour CHF 195'000'000,
acceptés pour ce prix; en contrepartie, il est remis 1'000'000 d'actions.
Title Name
President Ramon Maria
Esteve, Origin: Spain, Residential address: Paudex, Switzerland, joint
signature of two
Vice-President Joes Eduardo Esteve
Recolons, Origin: Mexico, Residential address: Mexico, Mexico, joint signature
of two
Vice-President Jorge Esteve
Recolons, Origin: Mexico, Residential address: Mexico, Mexico, joint signature
of two
Company
Secretary Sonja
Berberat, Origin: Lajoux (JU), Switzerland, Residential address:
Mont-sur-Lausanne, Switzerland, joint signature of two
Director Christian
Bless , Origin: Flums, Switzerland, Residential address: Montilliez, France,
joint signature of two, Registered since: 23.08.2011
Director Claudia
Esteve Vila , Origin: Spain, Residential address: Barcelone , Spain, joint
signature of two, Registered since: 23.08.2011
Director Felipe
Prosper Manglano, Origin: Spain, Residential address: Madrid , Spain, joint
signature of two, Registered since: 23.08.2011
Director Paulo
Rabello de Castro, Origin: Brazil, Residential address: Rio de Janeiro, Brazil,
joint signature of two, Registered since: 23.08.2011
Director Roberto
Salvo Horvilleur, Origin: Nicaragua, Residential address: Managua, Nicaragua,
joint signature of two, Registered since: 20.07.2009
Title Name
General
Director Andrew Halle,
Origin: United Kingdom, Residential address: Dallas, United States of America,
joint signature of two
Deputy
General Director Mark Dendle
, Origin: United States of America, Residential address: Dallas , United States
of America, joint signature of two, Registered since: 23.08.2011
Deputy
General Director Antonio
Esteve , Origin: United States of America, Residential address: Sao Paulo,
Brazil, joint signature of two, Registered since: 06.10.2011
Deputy
General Director Edward
Esteve Creixell, Origin: Mexico, Residential address: Mexico , Mexico, joint
signature of two, Registered since: 23.08.2011
Director Sonja
Berberat, Origin: Lajoux (JU), Switzerland, Residential address:
Mont-sur-Lausanne, Switzerland, joint signature of two
Director Oliver
Schenkenberg , Origin: Germany, Residential address: 1066 Epalinges/VD,
Switzerland, joint signature of two, Registered since: 23.08.2011
Member
with procuration Céline
Bezençon , Origin: Goumoëns, Switzerland, Residential address: 1034
Boussens/VD, Switzerland, joint power of attorney of two, Registered since:
23.08.2011
Member
with procuration Rut Mikaela
Höglund , Origin: Sweden, Residential address: 1400 Cheseaux-Noréaz/VD,
Switzerland, joint power of attorney of two, Registered since: 23.08.2011
Member
with procuration Alistair
Mules , Origin: United Kingdom, Residential address: Montreux, Switzerland,
joint power of attorney of two, Registered since: 24.01.2012
Member
with procuration Thomas Quiévy
, Origin: Belgium, Residential address: 1200 Genève/GE, Switzerland, joint
power of attorney of two, Registered since: 23.08.2011
Member
with procuration Valérie
Zwahlen, Origin: Matten bei Interlaken, Switzerland, Residential address: 1131
Tolochenaz/VD, Switzerland, joint power of attorney of two, Registered since:
23.08.2011
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Pully, Switzerland
Title Name
Chief
Executive Officer Ramon
Maria Esteve (resteve@ecomtrading.com)
Name: Ecom Group Ltd
City/Country: Tortola, British Virgin
Islands/VG
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Ecom Group Ltd
City/Country: Tortola, British Virgin
Islands/VG
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: DUTCH COCOA B.V
City/Country: Amsterdam, Netherlands/NL
Interest: 100.00% voting right,
100.00% capital interest
Class: 50-99%
Name: Almacenadora Del
Caribe Limitada
City/Country: Bogota, Colombia/CO
Control date Year No. Amount CHF Status
25.05.2009 2009 0
25.05.2009 2008 0
25.05.2009 2007 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
appears to be good.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.