MIRA INFORM REPORT

 

 

Report Date :           

23.08.2011

 

IDENTIFICATION DETAILS

 

Name :

S.B. STEEL AG

 

 

Registered Office :

Sonnhalde 7, 6045 Meggen

 

 

Country :

Switzerland

 

 

Date of Incorporation:

26.01.2000

 

 

Com. Reg. No.:

130.0.011.005-7 / 507469

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

International Trade in steel

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 18'000

Status :

Small Company 

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

company name

 

S.B. Steel AG

 

 

Operating address

 

Sonnhalde 7

6045 Meggen

Switzerland/CH

Telephone:                    041 3770734

Fax:                             041 3770736

Web site:                      http://www.sbsteel.ch

VAT-No.:                      CHE-102.985.354

 

 

Profile

 

Established:                  2000

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4672     Wholesale of metals and metal ores

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  1-9

 

 

Activity

 

The business activities includes international trade in steel. Products: Coils, baby-coils, strips, sheets and cuttings made of Hot-dip galvanized, Electro galvanized, Pre-painted, Cold-rolled, Hot-rolled, Galfan, Galvalume and Hot-dip aluminized.

 

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                130.0.011.005-7 / 507469

Legal form:                    Company limited by shares

Registration:                 26.01.2000

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Luzern (since 22.03.2002)

History:                        Date of Statutes: 10.10.2000

                                    Date of Incorporation Statutes: 24.01.2000

                                    Date of Statutes: 25.06.2009

                                    Date of Statutes: 22.02.2002

 

Entry            Deleted   Name

active                           S.B. Steel AG

 

Entry            Deleted   Legal domicile

22.03.2002                    Meggen, Switzerland

                    22.03.2002  Schwyz, Switzerland

 

Entry            Deleted   Address

09.07.2009                    c/o Uta Gerda Noordzij, Schwerziweg 7, 6045 Meggen/LU, Switzerland/CH

                    09.07.2009  c/o Uta Gerda Noordzij, Sonnhalde 7, 6045 Meggen/LU, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 500'000, paidup CHF 500'000

 

Entry            Deleted   Capital Structure

active                           500 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

09.07.2009                    Handel mit Gütern aller Art, insbesondere mit Stahl; Beteiligungen; Erwerb, Belastung, Veräusserung und Verwaltung von Grundeigentum.

                    09.07.2009  Handel mit Gütern aller Art, insbesondere Stahl; kann sich an anderen Unternehmungen beteiligen oder sich mit diesen zusammenschliessen sowie Immobilien erwerben, halten und veräussern.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Shares: Die Uebertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

09.07.2009                    Reports: Mitteilungen erfolgen schriftlich, per Telefax oder E-Mail.

09.07.2009                    Audit: Gemäss Erklärung des Verwaltungsrates vom 25.06.2009 untersteht die Gesellschaft keiner ordentlichen Revision und verzichtet auf eine eingeschränkte Revision.

 

Official Administration

 

Title                                           Name

Executive Director                       Uta Gerda Noordzij, Origin: Netherlands, Address: Meggen/LU, Switzerland, single signature

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Uta Gerda Noordzij

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is privately owned.

Class:                          100%

Name:                          Uta Gerda Noordzij

City/Country:                 Meggen, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

22.05.2009          2009                           0

22.05.2009          2008                           0

22.05.2009          2007                           0

22.05.2009          2006                           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 in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 18'000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.95

UK Pound

1

Rs.75.76

Euro

1

Rs.66.01

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.