MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MOORFIELD COMMODITIES COMPANY |
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Registered Office : |
Riva Antonio
Caccia 1, 6900 Lugano/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
13-02-2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The company is allegedly involved in the international
trading of metallurgic products. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
EUR 2.500 |
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Status : |
New Concern |
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Payment Behaviour : |
Usually correct |
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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 2.500.-- |
Name
MOORFIELD COMMODITIES COMPANY
Edinburgh Succursale di Lugano
Line
of Business
Metallurgische Produkte
Legal
domicile
riva Antonio Caccia 1
6900 Lugano/TI
Switzerland
Telephone: 091 9853040
Fax: 091 9853041
E-Mail: contact@moorfield.ch
CREDIT
ADVICE
Credit opinion: Interviewed
parties are of the opinion that a maximum credit of EUR 2.500 can be accepted.
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: Limited liability company
Status: This is a branch.
Registration: 13-02-2006
First Publication: 17-02-2006
Last Publication: 10-08-2006
Created by: The company was newly established.
History:
Following its foundation, the company had its domicile at the Via
Cattori 3. According to the commercial-register entry from 10.08.2006, it was
transferred within Lugano to the address Riva Caccia 1 (officially: Riva
Antonio Caccia 1).
Original capital: GBP 100.000
Paid up: GBP 100.000
Head office: MOORFIELD COMMODITIES COMPANY,
Edinburgh, United Kingdom/GB.
Registered name 10-08-2006 MOORFIELD COMMODITIES COMPANY,
Edinburgh, Succursale di Lugano
Previous MOORFIELD COMMODITIES COMPANY, Edinburgh, Succursale di Paradiso
ACTIVITY:
Line of business: Metallurgic products
Sector: Wholesale
Activity:
The company is allegedly involved in the international trading of
metallurgic products.
Up to the present date, information about the volume and core field of
activity in Switzerland has not been disclosed to us.
EMPLOYEES:
Number of employees: Personnel
information was not made available
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.
There is however a lack of comprehensive experience as regards the
payment conduct. Large-scale financial transactions should preferably be
safeguarded by appropriate capital guarantees or sureties.
FINANCIAL DATA
Financial position: The
financial situation of the company is considered satisfactory.
Financial Statements: The company does not disclose any financial
statements.
It has to be noted that the Swiss-based subsidiary was registered in the
commercial register at the beginning of 2006 only. In addition, referential and
confirmed information about the Company's financial situation at the
headquarters in Edinburgh is not disclosed.
The said share capital (in GBP) corresponds to the headquarteres in
Edinburgh.
Banker(-s): Information
on banking connections was not revealed in our investigations
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:
Head office: MOORFIELD
COMMODITIES COMPANY, Edinburgh, United Kingdom/GB.
PARTNER:
Irma Paredes de Cucalon, from StA Panamas, in Panama/Panama,
Member.
G. STEEL CONSTRUCTION CO LTD, in Bristol/United Kingdom,
Partner, without signing authority.
Capital share: GBP 100.--.
MOORFIELD COMMODITIES COMPANY LTD, in Road Town, Partner, without
signing authority.
Capital share: GBP 99'000.--.
MANAGEMENT:
Nicolo Bisconti, from Italy, in Ruvigliana/TI/Switzerland,
Director, sole signature limited to the Branch.
Giovanni Bruno Zuccolotto, from Mezzovico-Vira, in Villa
Luganese/TI/Switzerland,
Director, sole signature limited to the Branch.
PERSONNEL INFORMATION:
Giovanni Zuccolotto, born in 1968, lives in 6966 Villa Luganese. He
features on the Boards of about 15 other companies, in most of which he is
however believed to merely represent the interests of the beneficial
shareholders.
Nicolo Bisconti was born on 09.12.1945. He is married to Nancy nee
Thomasian (21.04.1955) and family father of two children, born in 1985 and
1989. He is resident at the address Via Ceresio 53 in 6977 Ruvigliana.
The private apartment in 6977 Ruvigliana at Via Ceresio 53 is owned by
Giovanni and Nancy Bisconti. The current value is estimated at CHF
1,200,000.--.
There are no detrimental reports on the aforementioned persons' business
conduct.
The partners are resident outside Switzerland. Personal details about
them are not available to us.
COMMENTS
The Swiss-based subsidiary is still in its start-up phase. The further
evolution remains to be observed, and the situation should preferably be
rechecked at a later date.
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. |
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%)