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Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CIB S.A. |
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Registered Office : |
Lausanne, Chemin du Beau-Rivage 21 A, 1006 |
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Country : |
Switzerland |
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Date of Incorporation : |
24.12.1986 |
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Com. Reg. No.: |
550.0.127.001-2 / 34959 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Subject is a Swiss trading company with specific expertise in the agro-food and textile industry. Wholesaler of other food, including fish, crustaceans and
molluscs Wholesaler of textiles Subject product ranges includes Fruits, Tomato, Vegetable
Oil, Egg Powder, Starch, Potato Flakes & Textiles. |
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No of Employees : |
04 (Estimated) |
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 : |
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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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 |
CIB S.A.
HEAD OFFICE
Lausanne, Chemin du Beau-Rivage 21 A, 1006
Switzerland
Legal Office
c/o Multifiduciaire
Léman S.A. COMMERCIAL OFFICE:
Avenue du Casino 52 Via degli
Oliva 2 - Via Nassa
1820 Montreux/VD 6900
Lugano/TI
Switzerland/CH Switzerland/CH
Telephone: 091
9229192
Fax: 091
9229194
Web
site: http://www.cibsa-international.com
VAT-No.: CHE100768478
Established: 1986
History: 1986: Established from Olivetti group
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4638 Wholesale of other food, including fish,
crustaceans and molluscs
4641 Wholesale of textiles
Import/Export: Import, Export
Banks: CREDIT SUISSE, IBAN
CH98 0483 5072 0588 8200 6 SWIFT CRESCHZZ80A
Coverage: Company
Figures: estimated
Employees: 4
The company is a Swiss trading company with specific expertise in the agro-food and textile industry.
Products: Fruits, Tomato, Vegetable Oil, Egg Powder, Starch, Potato
Flakes & Textiles.
Information on property ownership was not available.
Company
No: 550.0.127.001-2 / 34959
Legal
form: Company limited
by shares
Registration: 24.12.1986
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
History: Date of Statutes:
16.10.1996
Date of
Incorporation Statutes: 21.11.1986
Entry Deleted Name
active CIB
SA
active CIB
AG (Name translated)
active CIB
Ltd (Name translated)
Entry Deleted Legal domicile
active Montreux,
Switzerland
removed Pully, Switzerland
Entry Deleted Address
active c/o
Multifiduciaire Léman S.A., Avenue du Casino 52, 1820 Montreux, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 180,000, paidup CHF 180,000
Entry Deleted Capital Structure
active 180
Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
active Importation,
exportation et commerce de transit de toutes matières premières, marchandises
et produits manufacturés.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
Title Name
Director Daniel
Benjamin, Origin: Lausanne, Switzerland, Residential address: Pully,
Switzerland, single signature
Title Name
Director Ariel
Segre-Amar, Origin: Italy, Residential address: Lugano, Switzerland, single
signature, Registered since: 16.03.2007
Director Emanuel
Segre-Amar, Origin: Italy, Residential address: Lausanne, Switzerland, single
signature
Title Name
Auditor Multifiduciaire
Léman SA, Residential address: Montreux, Switzerland
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.
Financial
Situation: The financial situation
is difficult to assess.
Payment
experiences: There are no objections regarding
the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.58 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.