MIRA INFORM REPORT
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Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MINERMET S.A. |
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Registered Office : |
Avenue Mon-Repos 14, 1005 Lausanne |
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Country : |
Switzerland |
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Date of Incorporation : |
07.11.1956 |
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Com. Reg. No.: |
550.0.071.612-4 / 120014 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trading in minerals, metals and agricultural
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
CHF 100'000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
|
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
Minermet S.A.
Operating address
Avenue Mon-Repos 14
1005 Lausanne
Switzerland/CH
Telephone: 021
3214747
Fax: 021
3124406
Web
site: http://www.minermet-group.com
E-mail: trading@minermet.ch
VAT-No.: CHE-107.883.956
Profile
Established: 1956
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
4621 Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds
Import/Export: Import, Export
Banks: CS Credit Suisse
UBS Ltd
BNP Paribas
Operational Figures
Coverage: Company
Figures: approximately
Employees: 4
Sales: CHF 100'000'000
Activity
The business activities includes trading in minerals, metals and
agricultural products.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 550.0.071.612-4 /
120014
Legal
form: Company limited
by shares
Registration: 07.11.1956
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
Auditor: MY Fiduciaire SA
(CH-550-0080853-3), Prilly
History: Date of Statutes:
12.05.1998
Date of
Incorporation Statutes: 03.11.1956
Entry Deleted Name
active Minermet
SA
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
16.04.2003 Avenue
Mon-Repos 14, 1000 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
active 1'000
Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
active Affrètement,
exploitation de concessions minières, commerce de produits du sol, minerais et
végétaux et transformation de ceux-ci en produits finis, importation de
matières fourragères et de fourrages secs.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
Official Administration
Title Name
Executive
Director Alain
Scheinin, Origin: Moudon, Switzerland, Address: Epalinges, Switzerland, single
signature
Executive board
Title Name
Chief
Executive Officer Alain
Scheinin
Owner/-s
Owner: The
company is privately owned.
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
10.06.2008 2008 0
10.06.2008 2007 0
10.06.2008 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 as appropriate.
Maximum
Credit: CHF 100'000
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.53 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.62.98 |
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 |
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.