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Report No. : |
330321 |
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Report Date : |
09.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MEXOM SA |
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Registered Office : |
Avenue de la Praille 26, Case Postale 1976, 1227 Carouge/GE,
Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
30.07.1996 |
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Com. Reg. No.: |
660.1.217.996-8 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business activities include the wholesale of textiles and bamboo products
(BAMBOO DREAM®). |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 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 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 continues 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 of 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 during 2011-13. In recent years, Switzerland has
responded to increasing pressure from neighboring countries and trading
partners, including the EU, the US, and international institutions to reform its
banking secrecy laws. In response to that international pressure, the Swiss
government has agreed 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, while openly considering the possibility
of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
MEXOM SA
Avenue de la Praille 26
Case postale 1976
1227 Carouge/GE
Switzerland/CH
Telephone: 022 8279811
Fax: 022 8279888
Web site: http://www.mexom.com
E-mail: mexcom@mexcom.com
WIN Worldbox No.: CH0002990558
VAT-No.: CHE-116.300.603
MWST
UID-No.: CHE103510025
Established: 1996
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4641 Wholesale of textiles
Import/Export: Import,
Export
Banks: CS
Credit Suisse
UBS
Ltd
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 2
Sales: CHF 1-2 Mio
The business activities include the wholesale of textiles and bamboo
products (BAMBOO DREAM®).
Real Estate: The company owns no
property.
Company No: 660.1.217.996-8
UID-No.: CHE103510025
Legal form: Company
limited by shares
Registration: 30.07.1996
Legal status: active
Responsible Register: Registre du
commerce du canton de Genève
History: Date
of Incorporation Statutes: 15.07.1996
Entry Deleted Name
30.07.1996 Mexom
SA
Entry Deleted Legal domicile
30.07.1996 Carouge
(GE), Switzerland
Entry Deleted Address
30.07.1996 avenue
de la Praille 26, 1227 Carouge (GE), Switzerland/CH
Entry Deleted Capital
30.07.1996 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
30.07.1996 100
Participation shares of CHF 1,000.--
Title Name
Director Eric Babecoff
Citizen: Vernier,
Switzerland
Residential address:
Carouge/GE, Switzerland
Born: 29.06.1960
single signature
Registered since:
30.07.1996
Title Name
Auditor Deloitte SA
Residential address:
Meyrin, Switzerland
Registered since:
17.07.2012
Name: Cogetex SA
City/Country: Carouge/GE,
Switzerland/CH
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Cogetex SA
City/Country: Carouge/GE,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest
Name: COGECOT SA
City/Country: Carouge GE/GE,
Switzerland/CH
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount
CHF Status
26.06.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 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.
Remarks
Note: The VAT number - CHE-116.300.603 MWST - is the Group VAT number.
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: Payments are
made with arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.98.22 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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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 |
|
|
-- |
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.