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Report No. : |
300656 |
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Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
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Name : |
HUYTON SA |
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Registered Office : |
rue Du Marché 18,
1204 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
02.07.1987 |
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Com. Reg. No.: |
660.0.507.987-1 / 84925 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Agents involved in the sale of Agricultural Raw Materials, Live Animals, Textile Raw Materials and Semi-Finished Goods · Agents involved in the sale of Machinery, Industrial Equipment, Ships and Aircraft · Engaged in Purchase, Sale, Import and Export of Products and Equipment from the agriculture and Food Sector. |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exists |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 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.
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Source : CIA |
Huyton SA
rue du Marché 18
1204 Genève/GE
Switzerland/CH
CHE106143667
Established: 1987
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4611 Agents involved in the sale of agricultural
raw materials, live animals, textile raw materials and semi-finished goods
4614 Agents involved in the sale of machinery,
industrial equipment, ships and aircraft
Import/Export: Agency
Banks: unknown
Coverage: Company
Financial
year: 2015
Employees: 0
The business activities includes the purchase, sale, import and export of products and equipment from the agriculture and food sector.
Real Estate: The
company owns no property.
Company
No: 660.0.507.987-1 / 84925
Legal
form: Company limited by
shares
Registration: 02.07.1987
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Incorporation
Statutes: 30.06.1987
Date of
Statutes: 21.12.2010
Entry Deleted Name
active Huyton
SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
21.08.2014 rue
du Marché 18, 1204 Genève/GE, Switzerland/CH
19.01.2006 rue des Granges 5, c/Daniel Guggenheim,
avocat, 1200 Genève/GE, Switzerland/CH
03.03.2009 21.08.2014 Rue de Saint-Léger 2, 1205 Genève/GE,
Switzerland/CH
03.03.2009 21.08.2014 rue de Saint-Léger 2, 1205 Genève,
Switzerland/CH
19.01.2006 03.03.2009 Rue Adrien-Vallin 2, 1200 Genève,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 100
Bearer shares of CHF 10,000.--
Title Name
Director Philippe
Brelle
Citizen:
Lenk, Switzerland
Residential
address: Nendaz, Switzerland
single
signature
Registered
since: 21.08.2014
Owner: The
company is privately owned.
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
02.09.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 0
31.12.2011 2011 1 824.-- Opposition filed
31.12.2010 2010 1 8,676,015.-- Opposition filed
31.12.2010 2010 1 27,239.-- Loss certificate
SHAB-No.: 079 - 25/04/2014: Date of opening
bankruptcy proceedings: 03/26/2014
SHAB-No.: 168 - 09/02/2014: Cancels the
release of 25 April 2014. The bankruptcy was retracted by judgment of the Court
of Justice on August 15, 2014
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.
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 moderate.
Payment
experiences: Unknown
Credit
Opinion: In advancing credit
it is advised that a bank guarantee be obtained.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
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UK Pound |
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
-- |
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.