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MIRA INFORM REPORT
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Report No. : |
498610 |
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Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BE GREEN TRADING
SA |
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Registered Office : |
Avenue Rumine 54, 1005 Lausanne/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
19.05.2009 |
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Com. Reg. No.: |
550.1.058.128-9 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
· Business and other management consultancy activities · Agents involved in the sale of food, beverages and tobacco |
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No. of Employees : |
6 |
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
BE GREEN TRADING SA
Operating
address:
Avenue Rumine 54
1005 Lausanne/VD
Switzerland/CH
Telephone: +41
213132440
Fax: +41
213123870
Web
site: http://www.begreentrading.com
WIN
Worldbox No.: CH0008259316
VAT-No.: CHE-114.881.508 MWST
UID-No.: CHE114881508
Profile
Established: 2009
Line
of Business: Consulting/Auditing,
Trade brokers
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 7022 Business and other management consultancy
activities
4617 Agents involved in the sale of food,
beverages and tobacco
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial
year: 2017
Employees: 6
Sales: CHF 4-6 Mio
Activity
The business includes consulting and trade
in agricultural commodities. The company specializes in the analysis of raw
material procurement requirements such as profitability, differentially risk
management and supply chain logistics.
Operations
and Branches:
At the address, Avenue Rumine 54, 1005
Lausanne, Switzerland, we find office of the company.
Real Estate
Real
Estate: The company does
not appear to own any property.
Company Register
Company
No: 550.1.058.128-9
UID-No.: CHE114881508
Legal
form: Company limited by
shares
Registration: 19.05.2009
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
31.01.2013
Date of
Incorporation Statutes: 13.05.2009
Entry Deleted Name
26.02.2013 Be
Green Trading SA
19.05.2009 26.02.2013 Be Green Trading Sàrl
Entry Deleted Legal domicile
19.05.2009 Lausanne,
Switzerland
Entry Deleted Address
13.04.2012 Avenue
Gabriel-de-Rumine 54, 1005 Lausanne/VD, Switzerland/CH
19.05.2009 13.04.2012 c/o Pluris Sustainable Investments SA, Rue du
Grand-Chêne 8, 1000 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
26.02.2013 Share
Capital CHF 100,000, paidup CHF 100,000
19.05.2009 26.02.2013 LLC Capital CHF 20,000
Entry Deleted Capital Structure
26.02.2013 1,000
Registered shares of CHF 100.--
19.05.2009 26.02.2013 200 Participation shares of CHF 100.--
Official Administration
Title Name
President Polit , Jaime
Rafael
Citizen:
United States of America
Residential
address: Lutry, Switzerland
single
signature
Registered
since: 19.05.2009
Company
Secretary Dubois ,
Thierry
Citizen:
Lausanne, Switzerland
Residential
address: Lausanne, Switzerland
single
signature
Registered
since: 18.10.2017
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
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
Credit
Opinion: In advancing credit
it is advised that a bank guarantee be obtained.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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1 |
INR 91.96 |
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Euro |
1 |
INR 80.34 |
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CHF |
1 |
INR 68.60 |
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 : |
NIT |
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.