MIRA INFORM REPORT

 

 

Report Date :

23.12.2014

 

IDENTIFICATION DETAILS

 

Name :

MEXOM SA

 

 

Registered Office :

Avenue de la Praille 26, P.O Box 1976, 1227 Carouge/GE

 

 

Country :

Switzerland

 

 

Date of Incorporation :

30.07.1996

 

 

Com. Reg. No.:

660.1.217.996-8 / 381536

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of Textiles and Bamboo Products.

 

 

No. of Employees :

2

 

 

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

 

 

Payment Behaviour :

Unknown

 

 

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 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 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

Company Name

 

MEXOM SA

 

 

Operating address

 

Avenue de la Praille 26

P.O Box 1976

1227 Carouge/GE

Switzerland/CH

 

Telephone:                   022 8279811

Fax:                             022 8279888

 

Web site:                      http://www.mexom.com

E-mail:                         mexcom@mexcom.com

 

WIN Worldbox No.:       CH0002990558

VAT-No.:                      CHE103510025

 

 

Profile

 

Established:                 1996

Line of Business:          Consumer goods wholesale

Industry Division:          Wholesale trade

Industry-code (NACE):  4641       Wholesale of textiles

Import/Export:              Import, Export

Banks:                          CS Credit Suisse

                                    UBS Ltd

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2014

Employees:                  2

Sales:                          CHF 1-2 Mio

 

Activity

 

The business activities includes the wholesale of textiles and bamboo products (BAMBOO DREAM®).

 

 

Real Estate

 

Real Estate:                  The company owns no property.

 

 

Company Register

 

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.--

 

 

Official Administration

 

Title                                           Name

Director                                      Eric Babecoff

                                                  Citizen: Vernier, Switzerland

                                                  Residential address: Carouge/GE, Switzerland

                                                  Born: 29.06.1960

                                                  single signature

                                                  Registered since: 30.07.1996

 

 

External Positions

 

Title                                           Name

Auditor                                       Deloitte SA

                                                  Residential address: Meyrin, Switzerland

                                                  Registered since: 17.07.2012

 

 

Ultimate Parent Company

 

Name:                          Cogetex SA

City/Country:                Carouge/GE, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is domestic owned.

 

Class:                          100%

Type:                           direct, Group-Level 1

Name:                          Cogetex SA

City/Country:                Carouge/GE, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Sisters

 

Name:                          COGECOT SA

City/Country:                Carouge GE/GE, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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.

 

 

Credit Information

 

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 difficult to assess.

 

Payment experiences:   Unknown

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.18

UK Pound

1

Rs.98.85

Euro

1

Rs.77.42

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.