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MIRA
INFORM REPORT
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Report No. : |
497063 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SILVER INTERNATIONAL SA |
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Registered Office : |
Rue de Chantepoulet 1-3 1201 Genève/VD/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
550.0.087.376-7 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The subject
trades different yarn varieties, including Cotton yarn, viscose yarn and
polyester yarn and different textil fibres like cotton, viscose and
polyester. |
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No. of Employees : |
1-9 |
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 and address
Silver
International SA
Operating address:
rue de Chantepoulet 1-3
1201 Genève/VD
Switzerland/CH
Telephone: +41 217218055
Web site: http://www.silver-international.com
E-mail: info@silver-international.com
WIN Worldbox No.: CH0002092729
VAT-No.: CHE-101.984.731 TVA
UID-No.: CHE101984731
Profile
Established: 1982
History: 1982: Established
from Edmond Moreno
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4641 Wholesale
of textiles
Import/Export: Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF 1-2 Mio
Activity
The
company trades different yarn varieties, including Cotton yarn, viscose yarn
and polyester yarn and different textil fibres like cotton, viscose and
polyester. The products are mainly tradet in the Southern Europe, Eastern
Europe, Western Europe and East Asia markets. Today the company is selling
textile products not only in Europe but in 27 countries in 4 continents.
The
company is a global and diversified trading entity. The company produces, sources,
processes, transports, stores, finances and supplies textile products and food
& beverage products. In addition, the company offers competitive logistic
services around the globe for coordinating smoothly the supply and demand. The
company has diversified by offering textile advisory services for companies
needing experienced expertise for developing their ideas and projects.
Products:
Fibers (Cotton, Viscose, Polyester), Yarns (Cotton yarns, Synthetic yarns,
Cotton and synthetic blend yarns, Mélange yarns, Linen yarns, Nylon yarns,
Polypropylene yarns, Acrylic yarns, Chenille yarns), Fabrics, Finished
products, Commodities, Food & Beverages.
Operations
and Branches:
At the
address, rue de Chantepoulet 1-3, 1201 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: 550.0.087.376-7
UID-No.: CHE101984731
Legal form: Company limited by shares
Registration: 06.12.1991
Legal status: active
Responsible Register: Registre du commerce du canton de Vaud
History: Date of Statutes: 20.06.1997
Date
of Incorporation Statutes: 05.12.1991
Date
of Statutes: 08.07.2015
Date
of Statutes: 04.10.2010
Date
of Statutes: 31.10.2007
Date
of Statutes: 08.12.2004
Entry Deleted Name
13.07.2015 Silver International SA
13.07.2015 Gold fibres SA
Entry Deleted Legal domicile
24.04.2017 Genève,
Switzerland
14.12.2004 Lausanne, Switzerland
08.11.2007 24.04.2017 Lausanne, Switzerland
14.12.2004 08.11.2007 Montreux, Switzerland
Entry Deleted Address
24.04.2017 rue
de Chantepoulet 1-3, 1201 Genève, Switzerland/CH
14.12.2004 Chemin des Glycines 1, 1000 Lausanne/VD,
Switzerland/CH
08.11.2007 24.04.2017 c/o Edmond Moreno,
Avenue du Léman 36, 1000 Lausanne, Switzerland/CH
14.12.2004 08.11.2007 c/o Georges
Ciocco, Rue du Lac 140, 1820 Montreux/VD, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 100,000, paid up CHF
100,000
Entry Deleted Capital Structure
active 200 Bearer shares of CHF 500.--
Official
Administration
Title Name
President Moreno, Edmond
Citizen:
Lausanne, Switzerland
Residential
address: Lausanne, Switzerland
single
signature
Registered
since: 08.11.2007
Director Moreno , Raphaël
Citizen:
Lausanne, Switzerland
Residential
address: Lausanne, Switzerland
single
signature
Registered
since: 17.07.2012
Executive
board
Title Name
Executive Director Moreno, Edmond
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
28.06.2017 2017 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 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
company has been subject to VAT since 01.01.2016.
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: 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 64.87 |
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1 |
INR 90.49 |
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Euro |
1 |
INR 79.91 |
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CHF |
1 |
INR 68.37 |
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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NIY |
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Report Prepared
by : |
TRU |
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.