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Report No. : |
315820.2 |
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Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
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Name : |
BORELLI
CAPITAL LTD |
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Registered Office : |
17a Rue De La Croix
D’Or, 1204 Geneva |
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Country : |
Switzerland
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Date of Incorporation : |
26-09-2011 |
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Com. Reg. No.: |
1672840 |
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Legal Form : |
Not Available |
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Line of Business : |
Wholesale of Textiles. |
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No. of Employees : |
Not Available |
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 : |
Undetermined |
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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 – 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 |
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.
|
Source
: CIA |
Borelli
Capital LTD
17a Rue De La Croix D’Or
1204 Geneva
Switzerland/CH
Tel: 022
3191917
Web site: www.
borellicapital.com
Industry-code (NACE): 4641 (Wholesale of textiles)
Banks: A bank connection is
unknown.
Coverage: Company
Employees: unknown
The company's line
of business is the trade of many types of textile material such as yarns and
fabrics. The company is specialized in international textile trading with an
annual turnover of more than USD 100 Million. The main product groups are Yarn
and Fabrics.
Operating Countries:
Switzerland, Bangladesh, China, Egypt, Greece, India, Italy, Morocco, Pakistan,
Spain, Tunisia, Turkey, United Kingdom.
Information on
property ownership was not available.
Balance sheet publication:
The subject company
does not publish balance sheet or turnover figures.
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.
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.
The company is not
listed in the WorldCompliance database.
There is no record of a business with this name
recorded in any Swiss company register, either as a company or branch of a
foreign company. No further information could be obtained.
The phone number 022
3191917 is registered for the following company:
PARAGON ASSET
MANAGEMENT SA
17a Rue De La Croix D’Or
1204 Geneva
Switzerland/CH
We tried for over
one week during different times to reach the company via the phone number as
given by you, but this did not yield any success.
In case you dispose
over other details, such as a registration number, different name or telephone
number then kindly advise so that we can continue the investigation.
We found 1 Company
which your Client maybe is looking for:
Registration
Information:
Company Register No:
1672840
Company name: Borelli
Capital Ltd.
Status: Active
Date of Incorporation: 26-09-2011
Registred address: c/o
Icaza, Gonzales-Ruiz & Aleman (BVI) Trust Limited
Vanterpool
Plaza, Wickham's Cay 1
P.O.
Box 873
VG1110
Road Town
British
Virgin Islands
Tel. No: +1
284 494 5959
Fax No: +1
284 494 5880
Financial Situation: In view of the lack of information it is not possible to
report on the financial situation of the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
|
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 |
-- |
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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.