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Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
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Name : |
HUYTON SA |
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Registered Office : |
Rue de Saint-Léger 2 1205 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
02.07.1987 |
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Com. Reg. No.: |
660.0.507.987-1 / 84925 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in purchase, sale, import and export of
products and equipment from the agriculture and food sector. |
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No of Employees : |
4 |
RATING & COMMENTS
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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 : |
-- |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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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 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 |
Huyton SA
Rue de Saint-Léger
2
1205 Genève/GE
Switzerland/CH
Telephone: 022
7161640
WIN
Worldbox No.: CH0000206757
VAT-No.: CHE106143667
Established: 1987
Line of Business: Trade
brokers
Industry Division: Wholesale
trade
Industry-code (NACE): 4611 Agents involved in the sale of
agricultural raw materials, live animals, textile raw materials and semi-finished
goods
4614 Agents involved in the sale of machinery,
industrial equipment, ships and aircraft
Import/Export: Import,
Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 4
The business activities includes the purchase, sale, import and export
of products and equipment from the agriculture and food sector.
Information on property ownership was not available.
Company
No: 660.0.507.987-1 / 84925
Legal
form: Company limited by
shares
Registration: 02.07.1987
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Incorporation
Statutes: 30.06.1987
Date of
Statutes: 21.12.2010
Entry Deleted Name
active Huyton
SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
03.03.2009 Rue
de Saint-Léger 2, 1205 Genève/GE, Switzerland/CH
03.03.2009 Rue Adrien-Vallin 2, 1200 Genève,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 100
Bearer shares of CHF 10,000.--
Entry Deleted Activity (original Language)
active Achat,
vente, importation, exportation de produits et machines principalement dans le
domaine agro-alimentaire.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Board
of directors: 1 ou plusieurs membres.
19.12.2013 Note:
L'identification sous le numéro CH-660-0507987-1 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-106.143.667.
04.01.2011 Merger:
Communication aux actionnaires: Feuille Officielle Suisse du Commerce.
04.01.2011 Audit:
Selon déclaration du 21.12.2010, il est renoncé à un contrôle restreint.
02.09.1998 Business
place (-s): Domicile commercial: rue Vallin 2
Owner: The company is
privately owned.
It is believed that the company has no investments.
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.
Rating: 11/20
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. 62.12 |
|
|
1 |
Rs. 103.93 |
|
Euro |
1 |
Rs. 85.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.