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Report No. : |
330336 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
TRADEVCOGEN SA |
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Registered Office : |
Avenue de Champel 24 1206 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
22.06.1959 |
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Com. Reg. No.: |
660.0.136.959-1 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Subject is an international wholesale of leather, hides, skins, natural and synthetic fibers and other raw materials for leather and textile industries. The company has maintained an office in Istanbul for storage and trading of wool tops suits, acrylic tow / tops and synthetic yarns. |
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No. of Employees : |
7 |
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 |
|
Risk Category |
ECGC
Classification |
|
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 |
TRADEVCOGEN SA
Operating
address:
Avenue de Champel
24 Postal
address:
1206 Genève/GE Case
postale 231
Switzerland/CH 1211
Genève 12/GE
Switzerland/CH
Telephone: 022
7041010
Fax: 022
7041020
Web
site: http://www.tradevcogen.ch
E-mail: info@tradevcogen.ch
WIN
Worldbox No.: CH0000113745
VAT-No.: CHE-107.744.846 MWST
UID-No.: CHE107744846
Established: 1959
History: 1959: Established from Moni Fayon
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4642 Wholesale of clothing and footwear
Import/Export: Agency
Banks: unknown
Organisation
level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 7
Sales: CHF 60-80 Mio
The business activities are the international
wholesale of leather, hides, skins, natural and synthetic fibers and other raw
materials for leather and textile industries.
The company has maintained an office in
Istanbul for storage and trading of wool tops suits, acrylic tow / tops and synthetic
yarns.
Real
Estate: The company does
not appear to own any property.
Company
No: 660.0.136.959-1
UID-No.: CHE107744846
Legal
form: Company limited by
shares
Registration: 22.06.1959
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
10.09.2008
Entry Deleted Name
active Tradevcogen
SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
17.03.2000 avenue
de Champel 24, 1206 Genève/GE, Switzerland/CH
Entry Deleted Capital
27.01.2009 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
27.01.2009 8,000
Bearer shares of CHF 125.--
Title Name
President Alain
Köstenbaum
Citizen:
Carouge, Switzerland
Residential
address: Corsier/GE, Switzerland
single
signature
Registered
since: 09.06.1995
Vice-President Luc Fayon
Citizen:
Thônex, Switzerland
Residential
address: Vandoeuvres, Switzerland
single
signature
Director Sam Fayon
Citizen:
Thônex, Switzerland
Residential
address: Vandoeuvres, Switzerland
single
signature
Title Name
Auditor Société
fiduciaire d'Expertise et de Revision SA
Residential
address: Genève, Switzerland
Registered
since: 05.10.2006
Title Name
Chief
Executive Officer Luc Fayon
Chief
Executive Officer Sam Fayon
No.
of Owner/-s: 2
Owner: The company is in
family ownership.
Class: 50%
Type: direct
Name: Luc Fayon
City/Country: Cologny/GE, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 50%
Type: direct
Name: Sam Fayon
City/Country: Vandoeuvres/GE, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 100%
Name: Tradeskins Australia
Pty. Ltd.
City/Country: Melbourne, Australia/AU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: TRADESKINS (NZ)
LIMITED
City/Country: Christchurch, New Zealand/NZ
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Tradevcogen Dis Tic.
A.S.
City/Country: Istanbul, Turkey/TR
Interest: 100,00% voting right,
100,00% capital interest (since 01.06.1995)
Class: 50%
Name: IC PACK
City/Country: France/FR
Interest: 50,00% voting right, 50,00%
capital interest
Class: 50%
Name: Skins International
Limited
City/Country: Cullompton, United Kingdom/GB
Interest: 50,00% voting right,
50,00% capital interest (since 1991)
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
13.06.2014 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
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 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
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:
Unknown
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
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
TRU |
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 |
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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.