MIRA
INFORM REPORT
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Report Date : |
18.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
MRI Trading
AG |
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Registered Office : |
c/o Marc Rich
+ Co Investment AG, Baarerstrasse 53, 6300
Zug/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
22-01-2004 |
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Legal Form : |
Joint stock
company |
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Line of Business : |
Engaged in
the transit trade. |
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 7.500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
detail
assessment: |
payments: |
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In view of the nature of the companys
activity, there is a lack of experience available to control the
payment habits. |
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Individual
credit limit*: |
EUR 7.500.-- |
Name
MRI Trading AG
Line of Business
Rohstoffhandel
Legal domicile
c/o Marc Rich + Co Investment AG
Baarerstrasse 53
6300 Zug/ZG
Switzerland
Telephone: 041
7272800
CREDIT ADVICE
Credit opinion: A maximum credit of EUR 7.500 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
Registration: 22-01-2004
First Publication: 28-01-2004
Last Publication: 18-12-2006
Created by: The company
was newly established.
History:
The Marc Rich Group has been in existence
for several years.
Share capital: 100.000
Paid up: 100.000
Divided into: 100 Bearer
shares of 1.000
Shareholders: The shares are
in private ownership.
Company Management: Ashwath Mehra
ACTIVITY:
Sector: Domicile company
Activity:
The company is dedicated to the
international trade of unprocessed materials. All activities are however
conducted outside Switzerland. The subject is engaged in the transit trade.
Trading area: International
EMPLOYEES:
Number of employees: There are no employees at the legal domicile
In Switzerland, the Marc Rich Group
employs approximately 35 people.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only available against proof of interest.
There are no complaints about the mode of
payment and business conduct.
In view of the nature of the company’s
activity, there is a lack of experience available to control the payment
habits.
Extensive financial transactions should
therefore be safeguarded by sufficient proof of capital or securities.
FINANCIAL DATA:
Financial position: The financial affairs are considered to be
in order.
Financial Statements: The company does not
disclose any financial statements.
It has been reported that there are
important financial means available.
A detailed insight into the financial
situation is however not permitted to third parties, therefore it is difficult
to assess the actual situation of the company.
Banker(-s): Cantonal Bank of Luzern (LKB), 6000 Luzern
Auditors: PricewaterhouseCoopers AG, Zuerich
Premises: The premises at the above mentioned address are
rented.
Fiscal taxation: No information is available due to the local tax authority
regulation.
COMPANY AND PERSON
RELATIONS
COMPANY CONNECTIONS:
More information about the distribution of
the shares is not disclosed.
The company is to have subsidiaries in
Africa, Asia and Australia. Further
information thereon is however not available either.
The company has its domicile within the
headquarters of the Marc Rich Group in Zug.
domiziliert. The referred to phone number corresponds to the company
Marc Rich + Co Investment AG at the same address.
BOARD OF DIRECTORS:
Ashwath Mehra, from United Kingdom, in
Zug/ZG/Switzerland,
President, collective signature.
Mark Anthony Forsyth, from United Kingdom,
in Risch/ZG/Switzerland,
Vice President, collective signature.
Thomas Mueller, from Walchwil, in Walchwil/ZG/Switzerland,
Member, collective signature.
MANAGEMENT:
Maria Theresia Meyer, from Huttwil, in
Sempach/LU/Switzerland,
Authorised signatory, collective
signature.
Marco Wermelinger, from Luzern, Egolzwil, in Baar/ZG/Switzerland,
Authorised signatory, collective signing
authority.
PERSONNEL INFORMATION:
Ashwath Mehra lives at the address
Oberwiler Kirchweg 4 in 6300 Zug. He was born on 18.10.1964. He features on the
board of another 8 companies. Mark
Anthony Forsyth features on the same boards as Ashwath Mehra.
There are no detrimental reports on the
mentioned person's business conduct.
FURTHER MANDATES:
Ashwath Mehra:
- MRI Investment AG, Zug
- MRI Resources AG, Zug
- Mimeco AG, Zug
- Pulchra AG, Zug
- Shorthorn AG, Walchwil
etc.
COMMENTS:
Third parties are not permitted any
insight into the subject's corporate affairs.
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)