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Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
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Name : |
ALLSEEDS SWITZERLAND SA |
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Registered Office : |
Route de Jussy 29 P.O. Box 48 1226
Thônex/GE Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
03.02.2004 |
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Com. Reg. No.: |
660.0.242.004-9 / 735902 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the sale of agricultural raw materials, live animals,
textile raw materials and semi-finished goods |
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No. of Employees : |
10-19 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 30, 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 |
ALLSEEDS
SWITZERLAND SA
Operating
address:
Route de Jussy 29
P.O. Box 48
1226 Thônex/GE
Switzerland/CH
Telephone: 022
8608350
Fax: 022
3483054
Web
site: http://www.allseeds.com
E-mail: info@allseeds.com
WIN
Worldbox No.: CH0006118021
VAT-No.: CHE110514399
Established: 2004
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
Import/Export: Agency
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 10-19
The activities includes the international trade
in raw materials, particularly with sunflower oil. The company markets some 350
000 tonnes of sunflower oil per year.
Real
Estate: The company owns
no property.
Company
No: 660.0.242.004-9 /
735902
Legal
form: Company limited
by shares
Registration: 03.02.2004
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Statutes:
16.11.2011
Date of
Statutes: 16.09.2010
Date of
Statutes: 17.06.2010
Date of Statutes:
10.11.2006
Date of
Incorporation Statutes: 16.01.2004
Entry Deleted Name
25.06.2010 Allseeds
Switzerland SA
03.02.2004 25.06.2010 Allseeds Holding SA
Entry Deleted Legal domicile
03.02.2004 Thônex,
Switzerland
Entry Deleted Address
25.06.2010 Route
de Jussy 29, 1226 Thônex/GE, Switzerland/CH
16.11.2006 25.06.2010 c/o ALLSEEDS MANAGEMENT SA, Route de Jussy 29,
1226 Thônex/GE, Switzerland/CH
03.02.2004 16.11.2006 c/o ALLSEEDS TRADE SA, route de Jussy 29, 1226
Thônex/GE, Switzerland/CH
Entry Deleted Capital
20.09.2010 Share
Capital CHF 1,500,000, paidup CHF 1,500,000
03.02.2004 20.09.2010 Share Capital CHF 250,000, paidup CHF 250,000
Entry Deleted Capital Structure
20.09.2010 1,500
Registered shares of CHF 1,000.--
03.02.2004 20.09.2010 250 Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
18.11.2011 Toutes
activités dans le domaine du négoce, ainsi qu'achat, vente, administration et
gestion de participations dans toute société ou entreprise, à l'exclusion des
opérations soumises à la LFAIE (cf. statuts pour but complet).
25.06.2010 18.11.2011 Toutes activités dans le domaine du négoce,
ainsi qu'achat, vente, administration et gestion de participations dans toute société
ou entreprise, à l'exclusion des opérations soumises à la LFAIE (cf. statuts
pour but complet).
03.02.2004 25.06.2010 Achat, vente, administration et gestion de
participations dans toutes sociétés ou entreprise de toute nature, à
l'exclusion des opérations soumises à la LFAIE.
Entry Deleted Remarks (original Language)
20.09.2010 Reports:
Communication aux actionnaires: lettre recommandée ou fax.
25.06.2010 Merger:
Reprise des actifs et passifs de ALLSEEDS TRADE SA, à Thônex
(CH-660-1532998-5), selon contrat de fusion du 17.06.2010 et bilan au
31.03.2010, présentant des actifs de CHF 275'127, des passifs envers les tiers
de CHF 20'476, soit un actif net de CHF 254'651. La société reprenante détenant
l'ensemble des actions de la société transférante, la fusion ne donne pas lieu
à une augmentation du capital, ni à une attribution d'actions. Fusion: reprise
des actifs et passifs de ALLSEEDS MANAGEMENT SA, à Thônex (CH-660-0853004-8),
selon contrat de fusion du 17.06.2010 et bilan au 31.03.2010, présentant des
actifs de CHF 1'583'932, des passifs envers les tiers de CHF 951'718, soit un
actif net de CHF 632'214. La société reprenante détenant l'ensemble des actions
de la société transférante, la fusion ne donne pas lieu à une augmentation du
capital, ni à une attribution d'actions.
03.02.2004 Publishing
authority: Feuille Officielle Suisse du Commerce.
03.02.2004 20.09.2010 Reports: Communication aux actionnaires:
Feuille Officielle Suisse du Commerce ou lettre recommandée s'ils sont tous
connus.
Title Name
President Antonius
Huls, Origin: Netherlands, Residential address: Amsterdam, Netherlands, single
signature, Registered since: 22.07.2010
Director Beat
Spoerri, Origin: Genève, Switzerland, Residential address: Thônex, Switzerland,
single signature, Registered since: 28.05.2013
Title Name
Member
with signing authority Cornelis
Vrins, Origin: Netherlands, Residential address: Chêne-Bourg, Switzerland,
single signature, Registered since: 22.03.2004
Title Name
Auditor Revidor
- Société Fiduciaire SA, Residential address: Genève, Switzerland, Id:
CH-660-0834986-5, Registered since: 16.07.2013
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.
The Allseeds Group has 2 other offices:
Kiev Office:
19, G.Skovorody street
Podil Plaza
Kiev, 04070, Ukraine
Phone: +380 44 495 49 19
Fax: +380 44 495 49 18
info-kiev@allseeds.com
Cairo office:
Building 218, Street 53 off Choueifat Road
5th Community
New Cairo, Cairo Egypt
Phone: +20 2 261 84 245
Phone: +20 2 29 29 94 92
Fax: +20 2 35 36 58 51
info@allseedsme.com
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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
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 |
|
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.