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Report Date : |
10.08.2013 |
IDENTIFICATION DETAILS
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Name : |
FEEDCO SA |
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Registered Office : |
Boulevard Helvétique 31 1205 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
06.02.2003 |
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Com. Reg. No.: |
660.0.294.003-6 / 698913 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business activities includes trading of crude oil and other raw materials. |
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No. of Employees : |
10 |
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 |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
FEEDCO SA
Operating
address:
Boulevard
Helvétique 31
1205 Genève/GE
Switzerland/CH
Telephone: 022
7374141
Fax: 022
3454144
E-mail: geneva@feedco.ch
VAT-No.: CHE109890950
Established: 2003
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4671 Wholesale of solid, liquid and gaseous
fuels and related products
Import/Export: Agency
Banks: unknown
Coverage: Company
Employees: 10
The business activities includes trading of
crude oil and other raw materials.
Information on property ownership was not
available.
Company
No: 660.0.294.003-6 /
698913
Legal
form: Company limited
by shares
Registration: 06.02.2003
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
02.12.2010
Date of
Incorporation Statutes: 17.01.2003
Entry Deleted Name
06.02.2003 FEEDCO
SA
Entry Deleted Legal domicile
06.02.2003 Genève,
Switzerland
Entry Deleted Address
16.06.2003 Boulevard
Helvétique 31, 1200 Genève/GE, Switzerland/CH
06.02.2003 16.06.2003 avenue Peschier 4, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
06.12.2010 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
06.02.2003 06.12.2010 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
06.12.2010 10,000
Bearer shares of CHF 100.--
06.02.2003 06.12.2010 100 Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
06.02.2003 Commerce
international dans le domaine du pétrole et ses produits dérivés, ainsi que
toutes matières premières; la société n'exerce aucune activité en Suisse.
Entry Deleted Remarks (original Language)
06.12.2010 Financial
data: Compensation de créances: CHF 900'000, en échange de 9'000 actions de CHF
100.
06.12.2010 Reports:
Communication aux actionnaires: Feuille Officielle Suisse du Commerce ou lettre
recommandée s'ils sont tous connus.
06.02.2003 Publishing
authority: FOSC.
06.02.2003 06.12.2010 Reports: Communication aux actionnaires: FOSC et
lettre s'ils sont connus.
Title Name
Director Christian
Barbey, Origin: Chêne-Bougeries, Switzerland, Residential address: 1200
Genève/GE, Switzerland, single signature
Title Name
Director Antoine
Delay, Origin: Provence, Switzerland, Residential address: Lausanne/VD,
Switzerland, single signature, Registered since: 17.12.2010
Member
with procuration Kathryne
Benenson, Origin: United Kingdom, Residential address: Genève/GE, Switzerland,
joint power of attorney of two
Member
with procuration Bernard
Bloch, Origin: Genève, Switzerland, Residential address: Chêne-Bourg,
Switzerland, joint power of attorney of two
Member
with procuration Chérif
Farah, Origin: Grand-Saconnex, Switzerland, Residential address: Genève/GE,
Switzerland, single power of attorney
Title Name
Auditor Verifid
Révision SA, Residential address: Genève, Switzerland, Id: CH-660-0073994-6,
Registered since: 22.01.2013
Title Name
Chief
Executive Officer Christian
Barbey
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Name: Christian Barbey
City/Country: Genève/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
19.03.2009 2009 0
19.03.2009 2008 0
19.03.2009 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
is in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
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.