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Report No. : |
330296 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
COGETEX SA |
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Registered Office : |
Avenue De La Praille 26, Case Postale 1916, 1227 Carouge/GE |
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Country : |
Switzerland |
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Year of Incorporation : |
1958 |
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Com. Reg. No.: |
660.0.470.983-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company operates as a merchant in textiles, handling a range of products that extends from fibres to fabrics, including yarn and cloth, grey and bleached, made of cotton and a large variety of other raw materials and blends. |
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No. of Employees : |
25 |
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 : |
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 |
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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 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 |
COGETEX SA
Operating address:
Avenue De La Praille 26
Case Postale 1916
1227 Carouge/GE
Switzerland/CH
Telephone: 022
8279797
Fax: 022
8279898
Web site: http://www.cogetex.com
E-mail: cogetex@cogetex.com
WIN Worldbox No.: CH0000409499
VAT-No.: CHE-116.300.603
MWST
UID-No.: CHE103204195
Established: 1958
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4641 Wholesale of textiles
Import/Export: Import, Export
Banks: UBS
Ltd
BCV Banque
Cantonale Vaudoise
CS Credit
Suisse
Crédit
Agrigole (Suisse) SA
Organisation level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 25
Sales: CHF 10-20 Mio
The company operates as a merchant in textiles, handling a range of
products that extends from fibres to fabrics, including yarn and cloth, grey and
bleached, made of cotton and a large variety of other raw materials and blends.
The company sources and distributes monthly through its extensive network tens
of millions of meters of fabric, as well as thousands of tons of yarn.
Real Estate: The
company owns buildings.
Value: CHF
12,500,000.--
Company No: 660.0.470.983-2
UID-No.: CHE103204195
Legal form: Company
limited by shares
Registration: 17.08.1983
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 26.07.1994
Date of
Statutes: 02.12.2011
Date of
Statutes: 18.06.1997
Entry Deleted Name
active Cogetex
SA
Entry Deleted Legal domicile
active Carouge
(GE), Switzerland
Entry Deleted Address
active avenue
de la Praille 26, 1227 Carouge GE/GE, Switzerland/CH
Entry Deleted Capital
29.02.2012 Share
Capital CHF 12,000,000, paidup CHF 12,000,000
Entry Deleted Capital Structure
29.02.2012 24,000
Bearer shares of CHF 500.--
Title Name
President Samuel
Babecoff
Citizen:
Vernier, Switzerland
Residential
address: Cologny, Switzerland
Born:
25.06.1930
single
signature
Vice-President,
Chief Executive Eric Babecoff
Citizen:
Vernier, Switzerland
Residential
address: Carouge, Switzerland
Born:
29.06.1960
single
signature
Registered
since: 25.01.1995
Title Name
Auditor Deloitte
SA
Residential
address: Lausanne, Switzerland
Registered
since: 23.06.1997
Title Name
Chief
Executive Officer Eric
Babecoff
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Type: direct
Name: Samuel Babecoff
City/Country: Cologny, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: COGECOT SA
City/Country: Carouge GE/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Mexom SA
City/Country: Carouge/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
01.05.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
23.02.2009 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.
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: Unknown
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
UK Pound |
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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Report Prepared by
: |
VNT |
RATING EXPLANATIONS
|
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 |
|
|
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.