MIRA
INFORM REPORT
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Report Date : |
09.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PETSARO
CHEMICALS AG |
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Registered Office : |
Zugerstrasse 76A 6340
Baar/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
21.09.2006 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
International Trading in Petrochemical Derivatives |
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 15.000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Petsaro
Chemicals AG
Line of Business
Petrochemikalien
Legal domicile
Zugerstrasse
76A
6340 Baar/ZG
Switzerland
Telephone: 041 5000645
Fax: 041 5000646
Homepage: www.petsaro.ch
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overall
assessment: |
300 |
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Business connections are
permissible. |
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detail
assessment: |
payments: |
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No complaints |
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individual credit
limit*: |
EUR 15.000,-- |
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: 21-09-2006
First
Publication:
27-09-2006
Last
Publication:
27-06-2008
Created
by: The
company was newly established.
Share
capital:
250.000
Paid up: 250.000
Divided
into: 250
Bearer shares of 1.000
Shareholders: Details of the
shareholders were not made available to us
Company
Management: Emin Imanov
Registered
translations of the Company name:
English Petsaro Chemicals Ltd
Registered
domicile 23-06-2008, 6340 Baar/ZG
Previous,
6300 Zug/ZG
ACTIVITY
Line of
business: International trading in
petrochemical derivatives
Sector: Wholesale
Activity:
The scope of business
encompasses the international trading with
petrochemical
and oil derivatives. The company's main sourcing outlets
are in CIS
countries, the Middle East and Asia. Most of the products are
traded in
Europe and in the USA.
Trading
area: International
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.
There are no complaints
about the mode of payment and business conduct.
Since the
company conducts its business activities mainly outside
Switzerland,
there is a lack of comprehensive experience regarding the
payment
conduct. For Large-scale financial transactions the company
should
therefore be able to provide appropriate capital guarantees 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 is however
impossible for third parties to gain any insight into the
financial
affairs. It is therefore difficult to make a proper assessment
of the actual
situation.
Banker(-s)
Information on
banking connections was not revealed in our investigations
Auditors
MOORE STEPHENS ZUG AG, Zug
Fiscal taxation:
No information
is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Investments: No investments apparent.
BOARD OF DIRECTORS:
Emin Imanov, from StA
Aserbaidschans, in
Rotkreuz/ZG/Switzerland,
Sole Member, sole
signature.
PERSONNEL INFORMATION
Emin Imanov
lives at the address Birkenmatt 23 in 6343 Rotkreuz.
There are no
detrimental reports on his business conduct.
COMMENTS
Third parties
are currently not permitted any further insight into the
subject's
corporate affairs.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
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%)