MIRA
INFORM REPORT
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Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ICC
HANDELS AG |
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Registered Office : |
Postfach, 6304 Zug/ZG, Switzerland |
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Country : |
Switzerland |
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Date of Incorporation : |
25-03-1960 |
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Legal Form : |
Joint stock company |
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Line of Business : |
International trade in basic chemical products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 150.000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Detail
assessment:
payments:
Since
the company purchases almost all of its goods from suppliers
outside
Switzerland, there is a lack of referential comprehensive
experience
as regards the local business and payment conduct.
Individual credit limit: EUR 150.000.--
Company name
ICC Handels AG
Line of Business
Chemische Rohstoffe
Legal domicile
Chamerstrasse 12c
6300 Zug/ZG
Business address
Postfach
6304 Zug/ZG
Switzerland
Telephone :
041 7118044
Fax : 041 7102243
Homepage : www.iccchem.com
E-Mail : zug@iccchem.com
CREDIT ADVICE
Requested credit :
Maximum credit
Credit opinion :
A maximum credit of EUR 150.000 is considered in order.
This credit advice is based on information
available at the time of conducting the research, being the above indicated
date.
All amounts in this report are given in Swiss
Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form :
Joint stock company
First Publication :
25-03-1960
Last Publication :
22-01-2004
Share capital :
1.000.000
Paid up :
1.000.000
Divided into :
1.000 Shares of 1.000
Direct Parent com. : ICC Industries Inc., New York, America/US
with a share of 100%.
Company Management :
Eva Turi
ACTIVITY
Line of business :
International trade in basic chemical products
Sector :
Wholesale
Activity:
The company is involved in the international trade
with basic chemical and semi-manufactured products, e.g. PVC plastics etc.
The company conducts its activities predominantly
outside Switzerland.
Trading area :
Worldwide
Import/Export :
The company is active in Import and Export.
EMPLOYEES
Number of employees: 3
PAYMENT
PAYMENT EXPERIENCES:
Legal actions: Information only available against
proof of interest.
There are no complaints about the mode of payment
and business conduct.
Since the company purchases almost all of its goods
from suppliers outside Switzerland, there is a lack of referential
comprehensive experience as regards the local business and payment conduct.
FINANCIAL DATA
Financial position :
The financial situation is good.
Financial Statements : The company provides no financial statements.
Key figures (in CHF 1.000):
31.12.2006 31.12.2005 31.12.2004 31.12.2003
Budget
Sales 150'000.0
148'364.0 160'000.0 122'000.0
Fluctuations in sales in this branch are normal.
Banker(-s)
Credit Suisse (CS), 8000 Zuerich
ING Banque Bruxelles Lambert, Geneve
Auditors
Grant Thornton AG, Zuerich
Premises
The premises at the above mentioned address are
rented.
Property owner
Orion Rueckversicherung, Zuerich
Real estate property
No real estate is owned.
Fiscal taxation
Year Income Net Worth
Definate 1992 0 24.172.000
Fiscal taxation:
Information only available against proof of interest.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com. :
ICC Industries Inc., New York, America/US with a share of 100%.
Direct Investments:
Frutarom, Israel/IL (53.0%).
ICC (Hongkong) Ltd., Hong Kong,
Hong Kong/HK (100.0%).
ICC (Israel) Chemicals Ltd.,
Tel-Aviv, Israel/IL (100.0%).
ICC Budapest, Budapest, Hungary/HU (100.0%).
ICC Iberica SA, Madrid,
Spain/ES.
ICC Industries BV, Amsterdam, Netherlands/NL
(100.0%).
ICC Italiana S.r.l., Milano, Italy/IT (100.0%).
ICC Prag, Prag, Czech/CZ (100.0%).
There also exist sister companies that are
affiliated to ICC Industries Inc., New York.
Further subsidiaries are based in Russia, Romania
and Slovakia.
BOARD OF DIRECTORS
John J. Farber, from America, in New York/America,
President, collective signature.
Dr. Markus Berni, from Vals, in
Zollikon/ZH/Switzerland,
Vice President, collective signature.
Dr. Franz Schenker, from Recherswil SO, Walterswil
SO, in Benglen/ZH/Switzerland,
Member, collective signature.
MANAGEMENT
William R. Brunger, from StA der USA, in
Madison/America,
Director, collective signature.
James R. Muller, from StA der USA, in Kings
Park/America,
Director, collective signature.
Beate Michel, from Kerns, in
Steinhausen/ZG/Switzerland,
Authorised signatory, collective signing authority.
Eva Turi-Nagy, from Zug, in Zug/ZG/Switzerland,
Authorised signatory, collective signing
authority.
PERSONNEL INFORMATION
John J. Farber lives in New York in the USA.
Dr. Markus Berni was born on 05.03.1958. He is
resident at the address Ruetistrasse 14, Zollikon. He is a Attorney-at-Law by
profession and has mandates in more than twenty companies.
There are no detrimental reports on his business
conduct.
FURTHER MANDATES
Dr. Markus Berni:
- ADIC AG, Zuerich
- Apple Computer AG, Wallisellen
- Lubrizol AG, Zug
- Nilo Holding SA, Zuerich
- Unimontis AG, Basel
etc.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we have
no basis upon which to recommend credit dealings |
No Rating |
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