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Report No. : |
321665 |
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Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
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Name : |
FEEDCO SA |
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Registered Office : |
Rue du Rhône 118, 1204 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
06.02.2003 |
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Com. Reg. No.: |
660.0.294.003-6 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The Company offers its customers Group I, II and III base oils, waxes,
petroleum jellies and Pale Oils which are sourced in the most effective way
to secure its customers requirements and quality specifications. The trading
team relies on a vast experience gained in different fields as refining,
shipping, distribution and blending operations to ensure to offer most price
competitive base oil supply options to its customers while safeguarding high
standards of product quality and optimal logistics |
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No. of Employees : |
8 |
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 : |
No Complaints |
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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 |
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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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
With regard to
your request on:
Company :
Feedco S. A.
GivenAddress : 118,
Rue Du Rhone 1204 Geneva
FEEDCO SA
rue du Rhône 118
1204 Genève/GE
Switzerland/CH
Telephone: 022
7374141
Fax: 022
3454144
Web site: http://www.feedco.ch
E-mail: info@feedco.ch
WIN Worldbox No.: CH0005740893
VAT-No.: CHE-109.890.950
MWST
UID-No.: CHE109890950
Established: 2003
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4671 Wholesale of solid, liquid and gaseous
fuels and related products
Import/Export: Agency
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 8
Sales: CHF
10-20 Mio
The Company offers its customers Group I, II and III base oils, waxes,
petroleum jellies and Pale Oils which are sourced in the most effective way to
secure its customers requirements and quality specifications. The trading team relies
on a vast experience gained in different fields as refining, shipping,
distribution and blending operations to ensure to offer most price competitive
base oil supply options to its customers while safeguarding high standards of
product quality and optimal logistics.
Representative
Office:
55 Market Street, #10-00
Singapore 048941
Phone: +65 6 521 298
Email: jimmy@feedco.ch
Shanghai, China
Phone: +86 21 6215 7295
Email: kim@feedco.ch
Information on property ownership was not available.
Company No: 660.0.294.003-6
UID-No.: CHE109890950
Legal form: Company
limited by shares
Registration: 06.02.2003
Legal status: active
Responsible Register: Registre
du commerce du canton de Genève
History: Date of Statutes: 02.12.2010
Date of Incorporation Statutes: 17.01.2003
Entry Deleted Name
06.02.2003 FEEDCO
SA
Entry Deleted Legal domicile
06.02.2003 Genève,
Switzerland
Entry Deleted Address
16.06.2003 04.09.2014 Boulevard Helvétique 31, 1200 Genève/GE,
Switzerland/CH
06.02.2003 16.06.2003 avenue Peschier 4, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
06.12.2010 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
06.12.2010 10,000
Bearer shares of CHF 100.--
Title Name
President Christian Barbey
Citizen:
Chêne-Bougeries, Switzerland
Residential
address: 1200 Genève/GE, Switzerland
Born:
27.02.1955
single
signature
Registered
since: 06.02.2003
Director Antoine
Delay
Citizen:
Provence, Switzerland
Residential
address: Lausanne/VD, Switzerland
single
signature
Registered
since: 17.12.2010
Director Marcel
Versluis
Citizen:
Netherlands
Residential
address: Chêne-Bougeries, Switzerland
single
signature
Registered
since: 10.07.2014
Title Name
Director Guillaume
Bernard Desenne
Citizen:
France
Residential
address: Pringy, France
joint
signature of two
Registered
since: 03.12.2013
Member with procuration Chérif
Farah
Citizen:
Grand-Saconnex, Switzerland
Residential
address: Genève/GE, Switzerland
single
power of attorney
Registered
since: 18.11.2003
Member with procuration Romain
Geissmann
Citizen:
Engollon, Switzerland
Residential
address: Genève, Switzerland
joint
power of attorney of two
Registered
since: 10.07.2014
Member with procuration Aleksey
Kiselyov
Citizen:
Bulgaria
Residential
address: Genève, Switzerland
joint
power of attorney of two
Registered
since: 10.07.2014
Member with procuration Edith
Kretz
Citizen:
Honau, Switzerland
Residential
address: Buchrain, Switzerland
joint
power of attorney of two
Registered
since: 10.07.2014
Member with procuration John
Maines
Citizen:
St-Stephan, Switzerland
Residential
address: Fribourg, Switzerland
joint
power of attorney of two
Registered
since: 10.07.2014
Title Name
Auditor Verifid
Révision SA
Residential
address: Genève, Switzerland
Id:
CH-660-0073994-6
Registered
since: 22.01.2013
No. of Owner/-s: 1
Owner: The
company is privately owned.
Class: 100%
Type: direct
Name: Christian
Barbey
City/Country: Genève/GE,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
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
07.04.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
19.03.2009 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 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:
There are no complaints about the mode of payment and the business
conduct.
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: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.84 |
|
|
1 |
Rs.100.65 |
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Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
SHG |
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 |
-- |
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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.