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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CREATIV TRADING SA |
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Registered Office : |
c/o WEALTHINGS SA, chemin Frank-Thomas 32, 1208 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
05.08.2009 |
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Com. Reg. No.: |
660.1.824.009-0 / 952838 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Wholesaler of grain, unmanufactured tobacco, seeds and animal feeds · Wholesaler of other food, including fish, crustaceans and molluscs |
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No of Employees : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Domiciled Company |
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Payment Behaviour : |
Unknown |
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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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
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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 |
CREATIV TRADING SA
c/o WEALTHINGS SA
chemin
Frank-Thomas 32
1208 Genève/GE
Switzerland/CH
Telephone: 022
5666444
Fax: 022
5666440
WIN
Worldbox No.: CH0008335214
VAT-No.: CHE114995626
Established: 2009
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4621 Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds
4638 Wholesale of other food, including fish,
crustaceans and molluscs
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Employees: 1-9
The company distributes agricultural products
such as grains, oilseeds, vegetable oils and all finished and semi-finished
products such as oils, fats, margarine and mayonnaise.
Information on property ownership was not
available.
Company
No: 660.1.824.009-0 /
952838
Legal
form: Company limited
by shares
Registration: 05.08.2009
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève (since 05.08.2009)
History: Date of Statutes:
05.04.2013
Date of
Statutes: 10.12.2010
Date of Statutes:
08.09.2010
Date of
Incorporation Statutes: 03.08.2009
Entry Deleted Name
05.08.2009 CREATIV
TRADING SA
Entry Deleted Legal domicile
05.08.2009 Genève,
Switzerland
Entry Deleted Address
16.10.2013 c/o
WEALTHINGS SA, chemin Frank-Thomas 32, 1208 Genève/GE, Switzerland/CH
05.08.2009 16.10.2013 Rue du Mont-Blanc 3, 1201 Genève/GE,
Switzerland/CH
Entry Deleted Capital
14.09.2010 Share
Capital CHF 2,000,000, paidup CHF 2,000,000
05.08.2009 14.09.2010 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
14.09.2010 2,000
Registered shares of CHF 1,000.--
05.08.2009 14.09.2010 100 Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
09.04.2013 Commerce
international de produits agricoles tels que grains, oléagineux, huiles
végétales ainsi que tous produits finis et semi-finis tels que huiles,
graisses, margarine et mayonnaise (cf. statuts pour but complet).
21.12.2010 09.04.2013 Commerce international de produits agricoles
tels que grains, oléagineux, huiles végétales ainsi que tous produits finis et
semi-finis tels que huiles, graisses, margarine et mayonnaise (cf. statuts pour
but complet).
05.08.2009 21.12.2010 Commerce international de produits agricoles
tels que grains, oléagineux, huiles végétales ainsi que tous produits finis et
semi-finis tels que huiles, graisses, margarine et mayonnaise (cf. statuts pour
but complet).
Entry Deleted Remarks (original Language)
19.12.2013 Note:
L'identification sous le numéro CH-660-1824009-0 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-114.995.626.
05.08.2009 Publishing
authority: Feuille Officielle Suisse du Commerce.
05.08.2009 Reports:
Communication aux actionnaires: communication écrite (courrier, fax ou mail).
05.08.2009 Audit:
Selon déclaration de l'administrateur unique du 03.08.2009, la société n'est
pas soumise à un contrôle ordinaire et renonce à un contrôle restreint.
Title Name
Director Patrick
Thiébaud, Origin: Presinge, Switzerland, Residential address: Cologny, Switzerland, single signature,
Registered since: 16.10.2013
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.
There is no telephone number registered for this
company. It would appear to be a domicile company without apparent activities
and personnel at the address provided.
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 company is a
"domiciled" company where local presence is handled by a
representative. As far as can be ascertained the activities are conducted
abroad. No information is available on the financial situation and business
development.
Credit
Opinion: It appears that the
company is not presently active at the domicile. In issuing credit facilities
it is advised that normal business security be obtained e.g. bank guarantee.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.48 |
|
|
1 |
Rs. 98.67 |
|
Euro |
1 |
Rs. 79.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
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.