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Report No. : |
351486 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ECOM AGROINDUSTRIAL CORP. LIMITED |
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Registered Office : |
Avenue Guillemin 16, Case Postale 64, 1009 Pully/VD, Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
1849 |
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Com. Reg. No.: |
550.0.062.944-0 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The company is a global commodity merchant and a supply chain
management company and engages in the trade and processing of coffee, cotton,
cocoa, sugar and oilseeds. The company operates in over 40 major producing
countries and is one of the top two merchants in coffee. |
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No. of Employees : |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
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Source
: CIA |
ECOM AGROINDUSTRIAL CORP. LIMITED
Avenue Guillemin 16
Case postale 64
1009 Pully/VD
Switzerland/CH
Telephone: 058 7217210
Fax: 058 7217200
Web site: http://www.ecomtrading.com
E-mail: info@ecomtrading.com
WIN Worldbox No.: CH0003743464
VAT-No.: CHE-105.249.234
MWST
UID-No.: CHE105249234
Established: 1849
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and spices
4676 Wholesale of other intermediate products
Import/Export: Import,
Export
Banks: CS
Credit Suisse
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 70
Sales: CHF 20-40 Mio
The company is a global commodity merchant and a supply chain management
company and engages in the trade and processing of coffee, cotton, cocoa, sugar
and oilseeds. The company operates in over 40 major producing countries and is
one of the top two merchants in coffee.
Real Estate: It is understood
that the company owns certain property.
Company No: 550.0.062.944-0
UID-No.: CHE105249234
Legal form: Company
limited by shares
Registration: 30.09.1999
Legal status: active
Responsible Register: Registre du
commerce du canton de Vaud
History: Date
of Statutes: 25.06.2013
Date
of Statutes: 07.05.2013
Date
of Statutes: 21.11.2005
Date
of Statutes: 09.06.2004
Date
of Statutes: 12.12.2000
Date
of Incorporation Statutes: 27.09.1999
Entry Deleted Name
30.09.1999 ECOM
Agroindustrial Corp. Limited
30.09.1999 ECOM
Agroindustrial Corp. AG (Name translated)
30.09.1999 ECOM
Agroindustrial Corp. SA (Name translated)
Entry Deleted Legal domicile
30.09.1999 Pully,
Switzerland
Entry Deleted Address
22.08.2000 Avenue
Guillemin 16, 1009 Pully/VD, Switzerland/CH
30.09.1999 22.08.2000 Avenue Guillemin 16, chez Ecom trading
S.A., 1009 Pully/VD, Switzerland/CH
Entry Deleted Capital
27.06.2013 Share
Capital CHF 227,686,095, paidup CHF 227,686,095
23.11.2005 27.06.2013 Share Capital CHF 208,503,750, paidup
CHF 208,503,750
Entry Deleted Capital Structure
27.06.2013 1,167,621
Registered shares with restricted transferability of CHF 195.--
23.11.2005 27.06.2013 1,069,250 Registered shares of CHF
195.--
Title Name
President Joes Eduardo
Esteve Recolons
Citizen: Mexico
Residential address:
Mexico, Mexico
joint signature of two
Registered since:
08.11.2005
Vice-President Christian Bless
Citizen: Flums,
Switzerland
Residential address:
Montilliez, France
joint signature of two
Registered since:
23.08.2011
Company Secretary Sonja
Berberat
Citizen: Lajoux (JU),
Switzerland
Residential address:
Mont-sur-Lausanne, Switzerland
joint signature of two
Registered since:
30.09.1999
Director Pedro Cases
Chirveches
Citizen: Spain
Residential address: La
Massana, Andorra
joint signature of two
Registered since:
08.12.2014
Director Ramon Maria
Esteve III
Citizen: Spain
Residential address:
Paudex, Switzerland
joint signature of two
Registered since:
30.09.1999
Director Paulo Rabello
de Castro
Citizen: Brazil
Residential address:
Rio de Janeiro, Brazil
joint signature of two
Registered since:
23.08.2011
Director Roberto Salvo
Horvilleur
Citizen: Nicaragua
Residential address:
Managua, Nicaragua
joint signature of two
Registered since:
20.07.2009
Title Name
General Director Andrew
Halle
Citizen: United Kingdom
Residential address:
Dallas, United States of America
joint signature of two
Registered since:
22.08.2000
Deputy General Director Mark
Dendle
Citizen: United States
of America
Residential address:
Dallas , United States of America
joint signature of two
Registered since:
23.08.2011
Deputy General Director Antonio
Esteve
Citizen: United States
of America
Residential address:
Sao Paulo, Brazil
joint signature of two
Registered since:
06.10.2011
Deputy General Director Edward
Esteve Creixell
Citizen: Mexico
Residential address:
Mexico , Mexico
joint signature of two
Registered since:
23.08.2011
Director Sonja Berberat
Citizen: Lajoux (JU),
Switzerland
Residential address:
Mont-sur-Lausanne, Switzerland
joint signature of two
Registered since:
30.09.1999
Director Alain Poncelet
Citizen: Belgium
Residential address:
Lutry, Switzerland
joint signature of two
Registered since:
10.01.2014
Director Oliver
Schenkenberg
Citizen: Germany
Residential address:
1066 Epalinges/VD, Switzerland
joint signature of two
Registered since:
23.08.2011
Member with procuration Céline
Bezençon
Citizen: Goumoëns,
Switzerland
Residential address:
1034 Boussens/VD, Switzerland
joint power of attorney
of two
Registered since:
23.08.2011
Member with procuration Alexandre
Emery
Citizen: Lens,
Switzerland
Residential address:
Lens, Switzerland
joint power of attorney
of two
Registered since:
06.10.2015
Member with procuration Annick
Golay
Citizen: Chenit,
Switzerland
Residential address:
Préverenges, Switzerland
joint power of attorney
of two
Registered since:
06.10.2015
Member with procuration Mikaela
Maillefer
Citizen: Sweden
Residential address:
Epalinges, Switzerland
joint power of attorney
of two
Registered since:
23.08.2011
Member with procuration Alistair
Mules
Citizen: United Kingdom
Residential address:
Montreux, Switzerland
joint power of attorney
of two
Registered since:
24.01.2012
Member with procuration Thomas
Quiévy
Citizen: Belgium
Residential address:
1200 Genève/GE, Switzerland
joint power of attorney
of two
Registered since:
23.08.2011
Member with procuration Javier
Vences Salgado
Citizen: Spain
Residential address:
Bottens, Switzerland
joint power of attorney
of two
Registered since:
06.10.2015
Member with procuration Valérie
Zwahlen
Citizen: Matten bei
Interlaken, Switzerland
Residential address:
1131 Tolochenaz/VD, Switzerland
joint power of attorney
of two
Registered since:
23.08.2011
Title Name
Auditor PricewaterhouseCoopers AG
Residential address:
Pully, Switzerland
Registered since:
30.09.1999
Title Name
Chief Executive Officer Andrew
Halle
Name: Ecom Group Ltd
City/Country: Tortola, British
Virgin Islands/VG
No. of owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Ecom Group Ltd
City/Country: Tortola, British
Virgin Islands/VG
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Armajaro Coffee Limited
City/Country: London, United
Kingdom/GB
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: DUTCH COCOA B.V
City/Country: Amsterdam,
Netherlands/NL
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: ECOM AGROTRADE HOLDINGS
LIMITED
City/Country: London, United
Kingdom/GB
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: ECOM Kaffee GmbH
City/Country: Hamburg/Hamburg,
Germany/DE
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Paris DST Trading Limited
City/Country: Nicosia,
Cyprus/CY
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Stichting Prioriteit
Theobroma Ltd.
City/Country: London, United
Kingdom/GB
Interest: 100,00% voting
right, 100,00% capital interest
Class: 50-100%
Name: Almacenadora Del Caribe
Limitada
City/Country: Bogota,
Colombia/CO
Class: 10-19%
Name: JB FOODS LIMITED
City/Country: SINGAPORE,
Singapore/SG
Interest: 11,50% voting
right, 11,50% capital interest
Class: unknown
Name: Dhanya Agroindustrial
Private Limited
City/Country: Bangalore/Karnataka,
India/IN
No. of shares: 100
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
25.05.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
Official bankruptcy reports:
No bankruptcy publications available on the subject.
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 company is not listed in the World Compliance database.
Payment experiences from pre-legal collection cases:
No payment experiences from pre-legal collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of payment and the business
conduct.
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
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CHF |
1 |
Rs.66.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.