MIRA INFORM REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ICC HANDELS AG |
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Registered Office : |
Chamerstrasse 12c, Postfach, 6304 Zug |
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Country : |
Switzerland |
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Date of Incorporation : |
19.03.1960 |
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Com. Reg. No.: |
170.3.002.067-1 / 85412 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
sale of plastics, raw materials and chemicals, and
services |
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 : |
CHF 95'000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Switzerland |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
ICC Handels AG
Operating address
Chamerstrasse 12c
Postfach
6304 Zug
Switzerland/CH
Telephone: 041
7118044
Fax: 041
7102243
Web
site: http://www.iccchem.com
E-mail: switzerland@iccchem.com
VAT-No.: CHE-106.919.244
Profile
Established: 1960
Line
of Business: Commercial
services, Consumer goods wholesale
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 8299 Other business support service activities
n.e.c.
4676 Wholesale of other intermediate products
4675 Wholesale of chemical products
Import/Export: Import, Export
Banks: unknown
Operational Figures
Coverage: Company
Employees: 5
Activity
The business activities includes the sale of plastics, raw materials and
chemicals, and services as a European headquarters in the areas of
administration and finance.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.002.067-1 / 85412
Legal
form: Company limited
by shares
Registration: 19.03.1960
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
Auditor: PricewaterhouseCoopers
AG, Zug
History: Date of Statutes:
29.12.1972
Date of
Statutes: 04.11.2010
Date of
Statutes: 30.11.2009
Date of
Statutes: 13.08.1997
Entry Deleted Name
active ICC
Handels AG
active ICC
Trading Limited (Name translated)
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
active Chamerstrasse
12c, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
16.11.2010 1'000
Registered shares of CHF 1'000.--
16.11.2010 1'000 Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
20.08.1997 Handel
mit Kunststoffen, Rohmaterialien und Chemikalien, Beteiligung an ähnlichen
Unternehmen sowie Verwaltung von Vermögenswerten aller Art für eigene und
fremde Rechnung; kann Patente, Handelsmarken sowie technische und industrielle
Kenntnisse erwerben, verwalten und übertragen
20.08.1997 Handel mit Kunststoffen, Rohmaterialien und
Chemikalien; Errichtung von Zweigniederlassungen; Beteiligung in irgendwelcher
Form an ähnlichen Unternehmungen; Verwaltung von Vermögenswerten aller Art
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Merger:
Übernahme der Aktiven und der Passiven der "Chemotrade AG", in Zug,
gemäss Bilanz per 31.03.1969 und Fusionsvertrag vom 10.05.1967 nach Massgabe
von Art. 748 OR. Da die übernehmende Gesellschaft Eigentümerin sämtlicher
Aktien der übernommenen Gesellschaft war, fand keine Kapitalerhöhung statt
active Merger:
Übernahme der Aktiven und Passiven der "ICC Handels AG", in Zug,
gemäss Bilanz per 31.12.1962 und Fusionsvertrag vom 25.10.1963 nach Massgabe
von Art. 748 OR. Da die übernehmende Gesellschaft Eigentümerin sämtlicher
Aktien der übernommenen Gesellschaft war, fand keine Kapitalerhöhung statt
16.11.2010 Reports:
Die Mitteilungen an die Aktionäre erfolgen in schriftlicher Form,
einschliesslich Telefax oder E-Mail, an die im Aktienbuch verzeichneten
Adressen.
10.12.2009 16.11.2010 Reports: Die Mitteilungen an die Aktionäre
erfolgen durch Publikation im SHAB oder, sofern die Namen und Adressen
sämtlicher Aktionäre bekannt sind in schriftlicher Form (einschliesslich
Telefax oder E-Mail).
Official Administration
Title Name
President John J.
Farber, Origin: United States of America, Address: New York, United States of
America, joint signature of two
Vice-President Dr. Markus Berni,
Origin: Vals, Switzerland, Address: 8702 Zollikon/ZH, Switzerland, joint
signature of two
Chief
Executive Naveen
Chandra, Origin: United States of America, Address: Norwood , United States of
America, joint signature of two, Appointment: 22.07.2010
Chief
Executive James
R. Muller, Origin: United States of America, Address: Kings Park , United
States of America, joint signature of two
Executive
Director Blaise J.
Sarcone, Origin: United States of America, Address: Hauppauge, United States of
America, joint signature of two, Appointment: 06.06.2011
Management
Title Name
Member
with signing authority Eva Turi-Nagy,
Origin: Zug, Switzerland, Address: 6300 Zug/ZG, Switzerland, joint signature of
two
Member
with procuration Beate
Michel, Origin: Kerns, Switzerland, Address: 8915 Hausen am Albis/ZH,
Switzerland, joint power of attorney of two, Appointment: 16.01.2004
Executive board
Title Name
Chief
Executive Officer Dr.
Markus Berni
Ultimate Parent Company
Name: ICC Industries Inc
City/Country: New York, United States of
America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: ICC Industries Inc
City/Country: New York, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest
Investments
Class: 100%
Name: ICC Chemicals (UK)
Ltd.
City/Country: Milton Keynes, United
Kingdom/GB
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: ICC (Hong Kong) Ltd.
City/Country: Wanchai, Hong Kong/HK
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: ICC Industries B.V.
City/Country: Amsterdam, Netherlands/NL
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: ICC Italia S.r.l.
City/Country: Milano, Italy/IT
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: ICC-Chemol Kft.
City/Country: Budapest, Hungary/HU
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Interlube S.L.
City/Country: Madrid, Spain/ES
Interest: 100.00% voting right,
100.00% capital interest
Legal Actions
Control date Year No. Amount CHF Status
23.02.2007 2007 0
23.02.2007 2006 0
23.02.2007 2005 0
23.02.2007 2004 0
23.02.2007 2003 0
23.02.2007 2002 0
23.02.2007 2001 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Credit Information
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
Maximum
Credit: CHF 95'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
UK Pound |
1 |
Rs.73.94 |
|
Euro |
1 |
Rs.64.56 |
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 |
|
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.