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Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLIED TRADE SA |
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Registered Office : |
Route des Jeunes 5 P.O. Box 1071 1211 Genève 26/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
22.05.1974 |
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Com. Reg. No.: |
660.0.154.974-3 / 4582 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale Consumer goods |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
2.7% 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
safehaven 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 2.1% in 2011.
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 in 2011 it
reached deals with Germany and the UK to resolve outstanding issues,
particularly 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
Allied Trade SA
Operating
address:
Route des Jeunes 5
P.O. Box 1071
1211 Genève 26/GE
Switzerland/CH
Telephone: 022
8394200
Fax: 022
8394210
Web
site: http://www.alliedtrade.ch
E-mail: alliedtr@alliedtrade.ch
VAT-No.: CHE107894782
Established: 1974
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialised wholesale trade
Import/Export: Export
Export
sales: 100.0%
Banks: CS Credit Suisse
Coverage: Company
Figures: approximately
Employees: 12
Sales: CHF 20'000'000.--
The company is active in the marketing and
sales of high quality stainless steel, phosphor bronze and plastic wire mesh
for a wide range of applications, gasket material, food chemicals and ingredients
and a range of birch and poplar ice cream sticks which are supplied to leading
ice cream manufacturers in many countries around the world.
Information on property ownership was not
available.
Company
No: 660.0.154.974-3 / 4582
Legal
form: Company limited
by shares
Registration: 22.05.1974
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Incorporation
Statutes: 17.05.1974
Date of
Statutes: 25.09.1995
Entry Deleted Name
active Allied
Trade SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
11.02.2011 Route
des Jeunes 5, 1227 Les Acacias/GE, Switzerland/CH
11.02.2011 avenue de Miremont 39, 1200 Genève,
Switzerland/CH
Entry Deleted Capital
02.10.1995 Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
02.10.1995 1'000
Registered shares with restricted transferability of CHF 100.--
Entry Deleted Activity (original Language)
active Commerce
de tous produits bruts et biens manufacturés ou semi-manufacturés. La société
peut occasionnellement acquérir des participations dans d'autres sociétés ou
exploiter des droits de propriété industrielle.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Board
of directors: 1 ou plusieurs membres.
02.10.1995 Contribution
in kind/Asset takeover: Reprise de l'actif et du passif, au sens de l'art. 748
CO, selon bilan au 31.12.1994 et contrat de fusion du 25.9.1995, de la société
"Epasa", société anonyme à Genève, comportant un actif de CHF 232'953
et un passif envers les tiers de CHF 14'000, soit un actif net de CHF 218'953,
montant imputé sur le capital-actions à concurrence de CHF 40'000.
02.10.1995 Reports:
Communication aux actionnaires: lettre recommandée.
Title Name
President Jean-Claude
Blanc, Origin: Fribourg, Switzerland, Residential address: Lausanne,
Switzerland, single signature
Director Lisa E.
Petrow, Origin: Pregny-Chambésy, Switzerland, Residential address: Genève,
Switzerland, single signature
Title Name
Director Lisa E.
Petrow, Origin: Pregny-Chambésy, Switzerland, Residential address: Genève,
Switzerland, single signature
Member
with procuration Ursula
Kinastowski, Origin: Germany, Residential address: Genève, Switzerland, joint
power of attorney of two
Title Name
Auditor MCM
Conseil SA, Residential address: Granges-Paccot, Switzerland, Registered since:
21.02.2011
Owner: The company is
privately owned.
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
04.08.2009 2009 0
04.08.2009 2008 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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.33 |
|
|
1 |
Rs.89.05 |
|
Euro |
1 |
Rs.72.57 |
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 |
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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 |
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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 |
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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 |
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<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.