MIRA INFORM REPORT

Report Date :

04.06.2014

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	09

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Switzerland

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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 8279770

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

E-mail: mexcom@mexcom.ch

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: approximately

Employees: 9

Activity

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

Real Estate

Information on property ownership was not available.

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.--

Entry Deleted Activity (original Language)

30.07.1996 Commerce de matières premières et de produits industriels finis ou semi-finis, notamment de tissus en tous genres, écrus, teints, imprimés ou confectionnés.

Entry Deleted Remarks (original Language)

19.12.2013 Note: L'identification sous le numéro CH-660-1217996-8 est remplacée par le numéro d'identification des entreprises (IDE/UID) CHE-103.510.025.

30.07.1996 Publishing authority: FOSC.

30.07.1996 Board of directors: Un ou plusieurs membres.

Official Administration

Title Name

Director Eric Babecoff, Origin: Vernier, Switzerland, Residential address: Carouge/GE, Switzerland, single signature, Registered since: 30.07.1996

External Positions

Title Name

Auditor Deloitte SA, Residential address: Meyrin, Switzerland, Registered since: 17.07.2012

Owner/-s

Owner: The company is privately owned.

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 considered to be in order.

Payment experiences: Financial obligations are met in an orderly manner.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.21
UK Pound	1	Rs.99.17
Euro	1	Rs.80.56

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

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