|
|
|
MIRA INFORM REPORT
|
Report No. : |
498652 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
COCOASOURCE SA |
|
|
|
|
Registered Office : |
Chemin De La Crêta
80, 1618 Châtel-St-Denis/FR |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
20.07.2007 |
|
|
|
|
Com. Reg. No.: |
550.1.051.157-2 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
·
Wholesale of coffee, tea, cocoa and spices ·
The company engages in the trade of raw and manufactured products with
specialization on cocoa. · The company supplies cocoa to the chocolate industry |
|
|
|
|
No. of Employees : |
1-9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
COMPANY NAME AND ADDRESS
COCOASOURCE SA
Operating Address:
chemin de la Crêta 80
1618 Châtel-St-Denis/FR
Switzerland/CH
Telephone: +41
219215851
Web site: http://www.ocean-ci.com
E-mail: hhoondert@cocoasource.ch
WIN Worldbox No.: CH0007576298
UID-No.: CHE113742985
Profile
Established: 2007
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of
coffee, tea, cocoa and spices
Import/Export: Import,
Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF
0-1 Mio
Activity
The company engages in
the trade of raw and manufactured products with specialization on cocoa. The
company supplies cocoa to the chocolate industry in Europe, Asia and
United-States from several origins of West Africa and South America.
Member of: FCC
(Federation of cocoa commerce)
Operations and
Branches:
At the address,
chemin de la Crêta 80, 1618 Châtel-St-Denis, Switzerland, we find office of the
company.
Real Estate
Real Estate: The
property at the operating address is rented.
Company Register
Company No: 550.1.051.157-2
UID-No.: CHE113742985
Legal form: Company
limited by shares
Registration: 20.07.2007
Legal status: active
Responsible Register: Handelsregister des Saane-Bezirkes (FR)
History: Date
of Statutes: 14.12.2017
Date
of Statutes: 17.12.2013
Date
of Statutes: 14.02.2012
Date
of Statutes: 24.04.2010
Date
of Statutes: 17.12.2009
Date
of Incorporation Statutes: 17.07.2007
Entry Deleted Name
21.02.2012 Cocoasource
SA
20.07.2007 21.02.2012 Cocoasource Sàrl
Entry Deleted Legal domicile
23.12.2013 Châtel-Saint-Denis,
Switzerland
30.04.2010 23.12.2013 Corseaux, Switzerland
20.07.2007 30.04.2010 Jongny, Switzerland
Entry Deleted Address
23.12.2013 Chemin
de la Crêta 80, 1618 Châtel-St-Denis/FR, Switzerland/CH
30.04.2010 23.12.2013 Route du Village 14, 1802 Corseaux/VD,
Switzerland/CH
20.07.2007 30.04.2010 Chemin de Nant 1, 1805 Jongny/VD,
Switzerland/CH
Entry Deleted Capital
20.12.2017 Share
Capital CHF 1,000,000, paid up CHF 1,000,000
21.02.2012 20.12.2017 Share Capital CHF 100,000, paid up CHF 100,000
20.07.2007 21.02.2012 LLC Capital CHF 20,000
Entry Deleted Capital Structure
20.12.2017 10,000
Registered shares of CHF 100.--
21.02.2012 20.12.2017 1,000 Registered shares of CHF 100.--
20.07.2007 21.02.2012 200 Participation shares of CHF 100.--
Official Administration
Title Name
President Hoondert,
Hubert Jan Marie
Citizen:
Netherlands
Residential
address: Jongny, Switzerland
Born:
1964
single
signature
Registered
since: 23.12.2013
Director Vidal,
Matthieu Marie-Olivier
Citizen:
France
Residential
address: Saint-Légier-La Chiésaz, Switzerland
Born:
1973
single
signature
Registered
since: 23.12.2013
External Positions
Title Name
Auditor Léman
Révision SA,
Residential address: Pully, Switzerland
Id:
CHE-379.267.869
Registered
since: 26.11.2015
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
28.01.2015 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
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 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 is not
required to keep VAT, as the turnover of taxable services is lower than CHF
100'000.
- Please note, that
we have contacted the company to obtain more information. Unfortunately, no
information was given by telephone. We have sent an e-mail to Mr. De Haller
(pdehaller@cocoasource.ch). Unfortunately, no response received till today.
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: Payment habits are considered good.
Credit Opinion: In
advancing credit it is advised that a bank guarantee be obtained.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.34 |
|
CHF |
1 |
INR 68.49 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.