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Report Date : |
22.08.2014 |
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 : |
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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 : |
Wholesale of solid, liquid and gaseous fuels and related products |
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No. of Employees |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 began to recover in 2010. 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 below 2% per year during 2011-13. 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
Boulevard
Helvétique 31
1205 Genève/GE
Switzerland/CH
Telephone: 022
7374141
Fax: 022
3454144
E-mail: geneva@feedco.ch
WIN
Worldbox No.: CH0005740893
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: 6
Sales: CHF 6-8 Mio
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
Entry Deleted Capital Structure
06.12.2010 10,000
Bearer shares of CHF 100.--
Title Name
Director Christian
Barbey, Origin: Chêne-Bougeries, Switzerland, Residential address: 1200
Genève/GE, Switzerland, born: 27.02.1955, single signature, Registered since:
06.02.2003
Title Name
Director Antoine
Delay, Origin: Provence, Switzerland, Residential address: Lausanne/VD,
Switzerland, single signature, Registered since: 17.12.2010
Director Guillaume
Bernard Desenne, Origin: France, Residential address: Pringy, France, joint
signature of two, Registered since: 03.12.2013
Director Marcel
Versluis, Origin: Netherlands, Residential address: Chêne-Bougeries,
Switzerland, single signature, Registered since: 10.07.2014
Member
with signing authority Romain
Geissmann, Origin: Engollon, Switzerland, Residential address: Genève,
Switzerland, joint power of attorney of two, Registered since: 10.07.2014
Member
with signing authority Aleksey
Kiselyov, Origin: Bulgaria, Residential address: Genève, Switzerland, joint
power of attorney of two, Registered since: 10.07.2014
Member
with signing authority Edith Kretz,
Origin: Honau, Switzerland, Residential address: Buchrain, Switzerland, joint
power of attorney of two, Registered since: 10.07.2014
Member
with signing authority John Maines,
Origin: St-Stephan, Switzerland, Residential address: Fribourg, Switzerland,
joint power of attorney of two, Registered since: 10.07.2014
Member
with procuration Kathryne
Benenson, Origin: United Kingdom, Residential address: Genève/GE, Switzerland,
joint power of attorney of two, Registered since: 18.11.2003
Member
with procuration Chérif
Farah, Origin: Grand-Saconnex, Switzerland, Residential address: Genève/GE,
Switzerland, single power of attorney, Registered since: 18.11.2003
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%
Type: direct
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
07.04.2014 2014 0
07.04.2014 2013 0
07.04.2014 2012 0
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 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.60.76 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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 |
|
|
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.