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MIRA
INFORM REPORT
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Report No. : |
491928 |
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Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL TRADE CENTRE |
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Registered Office : |
54-56 rue de Montbrillant, 1202 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
1964 |
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Legal Form : |
Association |
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Line of Business : |
Activities of extraterritorial organisations and bodies |
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No. of Employees : |
300 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 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 to 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 continue 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 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 from 2011-17.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners
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Source
: CIA |
Company name
International Trade Centre
"ITC"
address
Operating address:
54-56
rue de Montbrillant Postal address:
1202
Genève/GE Palais des Nations
Switzerland/CH 1211
Genève 10/GE
Switzerland/CH
Telephone: +41 227300111
Fax: +41
227334439
Web
site: http://www.intracen.org
WIN
Worldbox No.: CH0011833383
Profile
Established: 1964
Line
of Business: Organisations
Industry
Division: Services
Industry-code
(NACE): 9900 Activities of extraterritorial organisations and bodies
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial
year: 2017
Employees: 300
Activity
The association aims to foster inclusive and sustainable
economic development, and contribute to achieving the United Nations Global
Goals for Sustainable Development. ITC delivers integrated solutions around a
core set of six focus areas. These focus areas represent a coherent set of
interventions with corresponding programmes that are adapted and customized
into client-focused solutions.
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Providing Trade and Market Intelligence
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Building a Conducive Business Environment
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Strengthening Trade and Investment Support Institutions
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Connecting to International Value Chains
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Promoting and Mainstreaming Inclusive and Green Trade
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Supporting Regional Economic Integration and South-South Links
Operations
and Branches:
At
the address, 54-56 rue de Montbrillant, 1202 Geneva, Switzerland, we find the
company's operational address.
At
the address, Palais des Nations, 1211 Geneva 10, Switzerland, we find the
company's postal address.
Representative office:
One UN Plaza
24th Floor, Suite 2480
New
York, NY, 10017
United
States of America
Real Estate
Real
Estate: It is understood that the
company owns certain property.
Company Register
Registration: The company is not recorded in the Company
Register.
Legal
form: Association
Legal
status: active
Executive board
Title Name
Chief
Business Segment Officer Gonzalez,
Arancha
Direct owner/-s
Owner: The company is owned by public institutions.
The
association has a joint mandate with the World Trade Organization (WTO) and the
United Nations (UN) through the United Nations Conference on Trade and
Development (UNCTAD).
Investments
It
is believed that the company has no investments.
Financials
Balance
sheet publication:
The
subject company does not publish financial figures.
Legal Actions
No
legal actions determined.
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.
Sanctions List
We
did not find the company included on the various international sanctions lists,
such as the OFAC (Office of Foreign Assets Control), the BIS (Bureau of
Industry and Security), the European Union Restrictive measures (sanctions)
list, the Export Control Organisation (ECO) of the UK, the Australian
Department of Foreign Affairs and Trade.
Payment experiences
Slow but Correct
Credit Information
Financial
Situation: The financial situation
appears to be good.
Payment
experiences: Slow
but Correct.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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CHF |
1 |
INR 69.32 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.