MIRA INFORM REPORT

Report Date :

27.12.2014

IDENTIFICATION DETAILS

Name :	TRADEVCOGEN SA
Registered Office :	Avenue De Champel 24, Case Postale 231, 1211 Genève 12/GE
Country :	Switzerland
Date of Incorporation :	22.06.1959
Com. Reg. No.:	660.0.136.959-1 / 195091
Legal Form :	Company Limited By Shares
Line of Business :	· Engaged as an international wholesaler of Leather, Hides, Skins, Natural and Synthetic Fibers and other Raw Materials for Leather and Textile Industries. · Engaged as Wholesaler of clothing and footwear · Subject also has maintained an office in Istanbul for storage and trading of wool tops suits, acrylic tow / tops and synthetic yarns.
No of Employees :	As on 2014 07 (Estimated)

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
Payment Behaviour :	No Complaints
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 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

Company name

Tradevcogen SA

Operating address

Avenue de Champel 24

Case postale 231

1211 Genève 12/GE

Switzerland/CH

Telephone: 022 7041010

Fax: 022 7041020

Web site: http://www.tradevcogen.ch

E-mail: info@tradevcogen.ch

VAT-No.: CHE107744846

Profile

Established: 1959

History: 1959: Established from Moni Fayon

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4642 Wholesale of clothing and footwear

Import/Export: Agency

Banks: unknown

Organisation level: Ultimate Parent

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2014

Employees: 7

Sales: CHF 60-80 Mio

Activity

The business activities are the international wholesale of leather, hides, skins, natural and synthetic fibers and other raw materials for leather and textile industries.

The company also has maintained an office in Istanbul for storage and trading of wool tops suits, acrylic tow / tops and synthetic yarns.

Real Estate

Real Estate: The company does not appear to own any property.

Company Register

Company No: 660.0.136.959-1 / 195091

Legal form: Company limited by shares

Registration: 22.06.1959

Legal status: active

Responsible Register: Registre du commerce du canton de Genève

History: Date of Statutes: 10.09.2008

Entry Deleted Name

active Tradevcogen SA

Entry Deleted Legal domicile

active Genève, Switzerland

Entry Deleted Address

17.03.2000 avenue de Champel 24, 1200 Genève/GE, Switzerland/CH

Entry Deleted Capital

27.01.2009 Share Capital CHF 1,000,000, paidup CHF 1,000,000

Entry Deleted Capital Structure

27.01.2009 8,000 Bearer shares of CHF 125.--

Official Administration

Title Name

President Alain Köstenbaum

Citizen: Carouge, Switzerland

Residential address: Corsier/GE, Switzerland

single signature

Registered since: 09.06.1995

Vice-President Luc Fayon

Citizen: Thônex, Switzerland

Residential address: Vandoeuvres, Switzerland

single signature

Director Sam Fayon

Citizen: Thônex, Switzerland

Residential address: Vandoeuvres, Switzerland

single signature

External Positions

Title Name

Auditor Société fiduciaire d'Expertise et de Revision SA

Residential address: Genève, Switzerland

Registered since: 05.10.2006

Executive board

Title Name

Chief Executive Officer Luc Fayon

Chief Executive Officer Sam Fayon

Owner/-s

No. of Owner/-s: 2

Owner: The company is in family ownership.

Class: 50%

Type: direct

Name: Luc Fayon

City/Country: Cologny/GE, Switzerland/CH

Interest: 50,00% voting right, 50,00% capital interest

Class: 50%

Type: direct

Name: Sam Fayon

City/Country: Vandoeuvres/GE, Switzerland/CH

Interest: 50,00% voting right, 50,00% capital interest

Investments

Class: 100%

Name: Tradeskins Australia Pty. Ltd.

City/Country: Melbourne, Australia/AU

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

Class: 100%

Name: TRADESKINS (NZ) LIMITED

City/Country: Christchurch/Christchurch, New Zealand/NZ

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

Class: 100%

Name: Tradevcogen Dis Tic. A.S.

City/Country: Istanbul, Turkey/TR

Interest: 100,00% voting right, 100,00% capital interest (since 01.06.1995)

Class: 50%

Name: IC PACK

City/Country: France/FR

Interest: 50,00% voting right, 50,00% capital interest

Class: 50%

Name: Skins International Limited

City/Country: Cullompton, United Kingdom/GB

Interest: 50,00% voting right, 50,00% capital interest (since 1991)

Legal Actions

Control date Year No. Amount CHF Status

13.06.2014 2014 0

31.12.2013 2013 0

31.12.2012 2012 0

31.12.2011 2011 0

31.12.2010 2010 0

31.12.2009 2009 0

31.12.2008 2008 0

31.12.2007 2007 0

31.12.2006 2006 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: Financial obligations are paid punctually.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.64
UK Pound	1	Rs.98.98
Euro	1	Rs.77.74

INFORMATION DETAILS

Analysis Done by :	RAS
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%)

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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.