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MIRA INFORM REPORT
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Report No. : |
484403 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MEXIM SA |
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Registered Office : |
Place du Cirque 3, 1204
Genève/GE, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
03.03.1980 |
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Com. Reg. No.: |
660.0.112.980-8 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The business activities includes
trading in textiles such as jute products, fibers, yarns and synthetic
clothes and bags as well as grains, seeds, spices cocoa and coffee. The
company is currently exporting to more than 45 countries on all continents. |
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No. of Employees : |
7 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 2011-16.
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
MEXIM SA
Operating address
Place du Cirque 3
1204 Genève/GE
Switzerland/CH
Telephone: +41 223295244
+41 223295245
Fax: +41 227811986
Web site: http://www.mexim-sa.com
E-mail: contact@mexim-sa.com
WIN No.: CH0001144464
VAT-No.: CHE-100.911.681 TVA
UID-No.: CHE100911681
Profile
Established: 1980
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4641 Wholesale
of textiles
4638 Wholesale
of other food, including fish, crustaceans and molluscs
Import/Export: Import, Export
Banks: HSBC PRIVATE BANK (SUISSE) S.A. Geneva
UBS S.A. - Geneva
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 7
Sales: CHF 10-20 Mio
Activity
The business activities
includes trading in textiles such as jute products, fibers, yarns and synthetic
clothes and bags as well as grains, seeds, spices cocoa and coffee. The company
is currently exporting to more than 45 countries on all continents.
Operations and Branches:
At the address, place du
Cirque 3, 1204 Genève, Switzerland, we find office of the company.
Real Estate
Real Estate: The company does not appear to own any
property.
Company Register
Company No: 660.0.112.980-8
UID-No.: CHE100911681
Legal form: Company Limited by Shares
Registration: 03.03.1980
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date of Statutes: 25.08.1981
Date of Statutes: 03.02.2017
Date of Statutes: 11.10.2016
Date of Statutes: 29.05.1998
Entry Deleted Name
active Mexim SA
Entry Deleted Legal
domicile
active Genève, Switzerland
Entry Deleted Address
03.10.2000 place du Cirque 3, 1200
Genève/GE, Switzerland/CH
03.10.2000 boulevard
de Saint-Georges 72, 1200 Genève/GE, Switzerland/CH
Entry Deleted Capital
05.06.1998 Share Capital CHF 4,000,000,
paid up CHF 4,000,000
Entry Deleted Capital
Structure
05.06.1998 4,000 Bearer shares of CHF
1,000.--
Official Administration
Title Name
Director Kalomeni, Vivian
Citizen: Choulex, Switzerland
Residential address: Choulex, Switzerland
single signature
Management
Title Name
Director Calomeni, Denis
Citizen: Confignon, Switzerland
Residential address: Avusy, Switzerland
single signature
Director Kalomeni, Vivian
Citizen: Choulex, Switzerland
Residential address: Choulex, Switzerland
single signature
Vice-Director Kalomeni , Joëlle
Citizen: France
Residential address: Veyrier, Switzerland
single signature
Registered since: 02.11.2004
External Positions
Title Name
Auditor WHSCONSEILS
S.A., Cabinet fiduciaire, fiscal et audit,
Residential address: Genève, Switzerland
Id: CHE-101.841.020
Registered since: 19.11.2014
Direct owner/-s
Owner: The company is privately owned.
Class: 50-100%, directly held
Name: Denis Kalomeni
City/Country: Avusy/GE, Switzerland/CH
Interest: 0,00% capital interest
Class: unknown, directly held
Name: Joëlle Ülkümen
City/Country: Veyrier/GE, Switzerland/CH
Interest: 0,00% capital interest
Class: unknown, directly held
Name: Vivian Kalomeni
City/Country: Choulex/GE, Switzerland/CH
Interest: 0,00% capital interest
Under Swiss Company Law,
Limited companies (AG, SA, LTD.) are not required to file information on
Shareholders of a company.
In this specific case we
were able to find out the shareholders of the company, but it was not possible
to obtain the possession percentage.
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
05.05.2008 2008 0 Legal actions
31.12.2007 2007 0 Legal actions
31.12.2006 2006 0 Legal actions
31.12.2005 2005 0 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
Payment experiences are
considered to be in order.
Credit Information
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 considered to
be in order.
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 63.41 |
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1 |
INR 87.17 |
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Euro |
1 |
INR 77.45 |
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CHF |
1 |
INR 66.30 |
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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VAR |
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Report Prepared
by : |
TPT |
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
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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.