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MIRA INFORM REPORT
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Report No. : |
496999 |
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Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MEXOM SA |
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Registered Office : |
Avenue De La Praille 26,
Case Postale 1976, 1227 Carouge/GE, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
30.07.1996 |
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Com. Reg. No.: |
660.1.217.996-8 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The business activities includes
the wholesale of textiles and bamboo products (BAMBOO DREAM®). |
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No. of Employees : |
9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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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 gain access to the Union’s Single Market and enhance the
country’s international competitiveness. Some trade protectionism remains,
however, 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 economic instability in Russia and other eastern European
economies drove 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 through 2017.
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.
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Source
: CIA |
Company name
MEXOM SA
Operating address
Avenue de la Praille 26
Case postale 1976
1227 Carouge/GE
Switzerland/CH
Telephone: +41 228279811
Fax: +41 228279888
Web site: http://www.mexom.com
E-mail: mexcom@mexcom.com
WIN No.: CH0002990558
VAT-No.: CHE-116.300.603 TVA
UID-No.: CHE103510025
Profile
Established: 1996
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4641 Wholesale
of textiles
Import/Export: Import,
Export
Banks: CS
Credit Suisse
UBS Ltd
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 9
Sales: CHF 2-4 Mio
Activity
The business activities
includes the wholesale of textiles and bamboo products (BAMBOO DREAM®).
Operations and Branches:
At the address, avenue de
la Praille 26, 1227 Carouge, Switzerland, we find office of the company.
Affiliated companies:
Cogetex SA
avenue de la Praille 26
1227 Carouge
COGECOT SA
avenue de la Praille 26
1227 Carouge
Real Estate
Real Estate: The company owns no property.
Company Register
Company No: 660.1.217.996-8
UID-No.: CHE103510025
Legal form: Company Limited by Shares
Registration: 30.07.1996
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date of Statutes: 18.07.2016
Date of Incorporation Statutes: 15.07.1996
Entry Deleted Name
30.07.1996 Mexom SA
Entry Deleted Legal
domicile
30.07.1996 Carouge (GE), Switzerland
Entry Deleted Address
30.07.1996 Avenue
de la Praille 26, 1227 Carouge (GE), Switzerland/CH
Entry Deleted Capital
30.07.1996 Share Capital CHF 100,000,
paid up CHF 100,000
Entry Deleted Capital
Structure
30.07.1996 100 Participation shares of
CHF 1,000.--
Official Administration
Title Name
Director Babecoff, Eric
Citizen: Vernier, Switzerland
Residential address: Troinex, Switzerland
Born: 29.06.1960
single signature
Registered since: 30.07.1996
Direct owner/-s
Under Swiss Company Law,
limited companies (AG, SA, LTD.) are not required to file information on
shareholders of a company.
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
26.06.2013 2013 0 Legal actions
31.12.2012 2012 0 Legal actions
31.12.2011 2011 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.
Remarks
- The VAT number -
CHE-116.300.603 MWST - is the Group VAT number (Groupe TVA Cogetex SA).
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 difficult to
assess.
Payment experiences: No Complaints.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 90.83 |
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Euro |
1 |
INR 80.58 |
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CHF |
1 |
INR 68.57 |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.