MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRIME STEEL SA |
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Registered Office : |
Rue des Alpes 7, 1201 Geneve/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
22-07-1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
International trading of steel 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 15.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
detail
assessment: |
payments: |
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There are no complaints about the mode of payment and business
conduct. |
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Individual
credit limit*: |
EUR 15.000.-- |
Name & address
PRIME STEEL SA
Luxembourg, succursale de Geneve
Line of Business
Produits siderurgiques
Legal domicile
Rue des Alpes 7
1201 Geneve/GE
Switzerland
Telephone: 022 9068500
Fax: 022 9068501
CREDIT ADVICE
Requested credit: Maximum
credit
Credit opinion: A maximum
credit amount of EUR 15.000 can be taken into consideration.
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: 22-07-1999
First Publication: 28-07-1999
Last Publication: 28-07-1999
History:
The company's registered headquarters are based in Luxembourg.
Share capital: LUF 1.250.000
Paid up: LUF 1.250.000
Divided into: 1.250 Shares of LUF 1.000
Company Management: Raffaella
Frigerio
ACTIVITY:
Activity:
The company is dedicated to the international trading of steel products.
The products are exclusively exported to India.
EMPLOYEES:
Number of employees: There are
no employees at the legal domicile
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only
available against proof of interest with a valid signature.
There are no complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial position: The
financial affairs are considered to be in order.
Financial Statements: The company does not disclose any financial
statements.
Banker(-s): UBS Ltd, 1200 Geneve
Credit Suisse (CS), 1200 Geneve
Fiscal taxation: No information
is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
At the Geneva-based registered office the company is domiciled with Mr.
Croce's law office.
BOARD OF DIRECTORS:
Franco-Noel Croce, from Quinto, in Begnins/VD/Switzerland,
Member, Director, sole signature.
Godelieve dite Carine De Tilloux, from Belgium, in Strassen/Luxembourg,
Member.
Albert
Pirotte, from Belgium, in Strassen/Luxembourg,
Member.
PERSONNEL INFORMATION:
Franco-Noel Croce was born on 25 December 1952. He is married and lives in
1268 Begnins, at the rue de l'Eglise 6-8.
He is a lawyer by profession and exploits his own law office at the rue
des Alpes 7 in Geneva.
He features on the Boards of several other companies.
Godelieve called Carine De Tilloux has no mandates in any other Swiss
companies.
In addition Albert Pirotte is a member of the Board of Directors without
signature legitimacy of "I.T. & T. CONSULTING - INFORMATION TECHNOLOGY
& TELEMATICS CONSULTING SA, LUXEMBOURG, Geneva branch, Geneva.
COMMENTS:
PS.
Raffaella Frigerio is living in Italy.
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%)