|
Report No. : |
307035 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ECOM AGROINDUSTRIAL CORP. LIMITED |
|
|
|
|
Registered Office : |
Avenue Etienne Guillemin 16, Case Postale 64, 1009 Pully/VD |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
1849 |
|
|
|
|
Com. Reg. No.: |
550.0.062.944-0 / 468488 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
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 |
ECOM
Agroindustrial Corp. Limited
Avenue Etienne
Guillemin 16
Case Postale 64
1009 Pully/VD
Switzerland/CH
Telephone: 058
7217210
Fax: 058
7217200
Web
site: http://www.ecomtrading.com
E-mail: mail@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: 2014
Employees: 70
The company is a global commodity trading
and processing company specializing in coffee, cotton, and cocoa in major
producing and consuming countries, with ancillary agricultural operations in
oilseeds. They expect that they are one of the world’s top three merchants in
coffee, one of the largest coffee millers in the world, and among the top five
merchants in both cotton and cocoa.
Information on property ownership was not
available.
Company
No: 550.0.062.944-0 / 468488
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:
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
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
Director Pedro
Cases Chirveches
Citizen:
Spain
Residential
address: La Massana, Andorra
joint
signature of two
Director Ramon
Maria Esteve III
Citizen:
Spain
Residential
address: Paudex, Switzerland
joint
signature of two
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
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
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 Rut Mikaela
Höglund
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 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
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%
Type: direct, Group-Level 1
Name: Ecom Group Ltd
City/Country: Tortola, British Virgin
Islands/VG
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: 50-100%
Name: Almacenadora Del
Caribe Limitada
City/Country: Bogota, Colombia/CO
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
25.05.2009 2008 0
25.05.2009 2007 0
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
WorldCompliance 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: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.13 |
|
|
1 |
Rs. 95.77 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.