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Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
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Name : |
MEXOM SA |
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Registered Office : |
Avenue de la Praille 26, P.O Box 1976,
1227 Carouge/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
30.07.1996 |
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Com. Reg. No.: |
660.1.217.996-8 / 381536 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
wholesaler of textiles and bamboo products |
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No. of Employees : |
09 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Mexom SA
Avenue de la Praille 26
P.O Box 1976
1227 Carouge/GE
Switzerland/CH
Telephone: 022
8279811
Fax: 022
8279770
Web
site: http://www.mexom.com
E-mail: mexcom@mexcom.ch
CHE103510025
Established: 1996
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4641 Wholesale of textiles
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 9
The business activities includes the wholesale of textiles and bamboo
products.
Information on property ownership was not available.
Company
No: 660.1.217.996-8 /
381536
Legal
form: Company limited
by shares
Registration: 30.07.1996
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Incorporation
Statutes: 15.07.1996
Entry Deleted Name
30.07.1996 Mexom
SA
Entry Deleted Legal domicile
30.07.1996 Carouge
(GE), Switzerland
Entry Deleted Address
30.07.1996 avenue
de la Praille 26, 1227 Carouge (GE), Switzerland/CH
Entry Deleted Capital
30.07.1996 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
30.07.1996 100
Participation shares of CHF 1,000.--
Entry Deleted Activity (original Language)
30.07.1996 Commerce
de matières premières et de produits industriels finis ou semi-finis, notamment
de tissus en tous genres, écrus, teints, imprimés ou confectionnés.
Entry Deleted Remarks (original Language)
30.07.1996 Publishing
authority: FOSC.
30.07.1996 Board
of directors: Un ou plusieurs membres.
Title Name
Director Eric
Babecoff, Origin: Vernier, Switzerland, Residential address: Carouge/GE,
Switzerland, single signature, Registered since: 30.07.1996
Title Name
Auditor Deloitte
SA, Residential address: Meyrin, Switzerland, Registered since: 17.07.2012
Owner: The
company is privately owned.
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
26.06.2013 2013 0
26.06.2013 2012 0
26.06.2013 2011 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: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
UK Pound |
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.