MIRA
INFORM REPORT
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Report Date : |
01.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MINERMET SA |
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Registered Office : |
Avenue Mon-Repos 14 1005
Lausanne/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
07.11.1956 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
International Trader |
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 127.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Minermet SA
Line of Business
Negoce
international
Legal domicile
Avenue
Mon-Repos 14
1005
Lausanne/VD
Switzerland
Telephone: 021 3214747
Fax: 021 3124406
E-Mail: trading@minermet.com
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overall
assessment: |
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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 127.000,-- |
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: 07-11-1956
First
Publication: 12-11-1956
Last
Publication: 24-04-2003
Share
capital: 1.000.000
Paid up: 1.000.000
Divided
into: 1.000 Bearer shares of 1.000
Shareholders: The
shares are in foreign ownership.
Company
Management: Alain Scheinin
ACTIVITY
Activity:
This company
is engaged in international trading activities.
The product
range includes agricultural products, cereals,
oil-saturated
and mineral products.
Export: China
Import: China, Canada, Australia,
Europe
EMPLOYEES
Number of
employees: 4
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: Information only
available against proof of
interest with a
valid signature.
The settlement
of liabilities is prompt. The business is considered correct.
FINANCIAL DATA:
Financial
position: The financial affairs are
considered good and in order.
Financial Statements:
The company does not disclose any financial statements.
Because of the
fiscal regulation tax figures are not available.
Banker(-s)
Credit Suisse
(CS), 1000 Lausanne
Cantonal Bank
of Vaud (BCV), 1000 Lausanne
UBS Ltd, 1200
Geneve
Auditors
Fiduciaire W.
Jeanbourquin SA, Lausanne
Premises
The premises
at the above mentioned address are rented.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
It is assumed that
shareholder is a family or Italian group whose name
is not
disclosed.
Associated
companies: Minermet Spa, Milan, Italy/IT
BOARD OF DIRECTORS
Alain
Scheinin, from Moudon, in
Epalinges/VD/Switzerland,
Sole Member,
sole signature.
PERSONNEL INFORMATION
Alain Scheinin
resides at the ch. de Monteclard 30 in Epalinges.
He holds no
other directorships.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)