MIRA INFORM REPORT
|
Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DUFERCO SA |
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Registered Office : |
Via Bagutti 9, 6900 Lugano |
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Country : |
Switzerland |
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Date of Incorporation : |
12.08.1982 |
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Com. Reg. No.: |
514.3.002.576-4 / 47756 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trade in metals of all kinds |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 2'000'000 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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) |
|
Switzerland |
a1 |
a1 |
|
Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
Company name
Duferco SA
Operating address
Via Bagutti 9
6900 Lugano
Switzerland/CH
Telephone: 091
8225600
Fax: 091
8225700
Web
site: http://www.duferco.com
E-mail: info@duferco.com
VAT-No.: CHE-101.355.469
Profile
Established: 1979
History: 1979: Established from Bruno Bolfo
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 150-249
Sales: CHF 2-4 Bil
Activity
The business activities are trade in metals of all kinds.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 514.3.002.576-4 / 47756
Legal
form: Company limited
by shares
Registration: 12.08.1982
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
Auditor: PricewaterhouseCoopers
SA ( CH-514.9.014.248-1 ), Lugano
History: Date of Statutes:
26.08.1996
Date of
Incorporation Statutes: 11.08.1982
Date of
Statutes: 01.07.2010
Date of
Statutes: 07.09.2007
Date of
Statutes: 28.08.2007
Date of
Statutes: 30.04.2003
Date of
Statutes: 22.02.2002
Entry Deleted Name
active Duferco
SA
Entry Deleted Legal domicile
active Lugano,
Switzerland
Entry Deleted Address
07.04.1998 Via
Bagutti 9, 6900 Lugano/TI, Switzerland/CH
07.04.1998 Via Cantonale 19, 6900 Lugano/TI,
Switzerland/CH
Entry Deleted Capital
18.09.2007 Share
Capital CHF 2'750'000, paidup CHF 2'750'000
Entry Deleted Capital Structure
02.07.2010 2'750
Registered shares of CHF 1'000.--
18.09.2007 02.07.2010 2'750 Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
31.08.2007 Il
commercio di prodotti di acciaio ed ogni altro prodotto siderurgico così pure
di materie prime ed in particolare quelle relative al ciclo siderurgico quali
ad esempio carbone, coke, minerale di ferro, rottami, ferroleghe ed altre,
nonché la commercializzazione di gas ed energia elettrica e altri prodotti
energetici. La società può concedere a terzi, compresi gli azionisti diretti od
indiretti della società o le società cui questi partecipano, finanziamenti
diretti o indiretti, sia per mezzo di prestiti od altri metodi di
finanziamento, sia per mezzo di garanzie di ogni genere, con o senza
controprestazione. Essa potrà inoltre assumere partecipazioni in imprese
commerciali, finanziarie ed industriali ed eseguire tutte le operazioni
commerciali o finanziarie ritenute utili o connesse allo scopo sociale. La
società può partecipare ad altre imprese in Svizzera e all'estero.
25.02.2002 Il commercio di prodotti di acciaio ed ogni
altro prodotto siderurgico così pure di materie prime ed in particolare quelle
relative al ciclo siderurgico quali ad esempio carbone, coke, minerale di
ferro, rottami, ferroleghe ed altre. Potrà assumere partecipazioni in imprese
commerciali, finanziarie ed industriali.
25.02.2002 31.08.2007 Il commercio di prodotti di acciaio ed ogni
altro prodotto siderurgico così pure di materie prime ed in particolare quelle
relative al ciclo siderurgico quali ad esempio carbone, coke, minerale di
ferro, rottami, ferroleghe ed altre, nonché la commercializzazione di gas ed
energia elettrica e altri prodotti energetici.
Entry Deleted Remarks (original Language)
active Publishing
authority: FUSC.
active Merger:
La società ha assunto, sulla base del contratto di fusione del 26.08.1996, la
"Bolmat SA", in Lugano, giusta l'art. 748 CO. Attivo: CHF
36'777'179.--. Passivo: CHF 34'102'538.--. Attivo netto: CHF 2'274'641.--. La
cessione ha luogo mediante rimessa agli azionisti di 100 nuove azioni al
portatore da CHF 1'000.-- della Duferco SA. Bilancio di fusione: 30.09.1995.
07.05.2003 Merger:
La società ha assunto, sulla base del contratto di fusione del 24.04.2003, la
Duferco Technical Services SA, in Lugano (FUSC no. 66 del 04.04.2001 p.2512),
giusta l'art. 748 CO. Bilancio di fusione: 30.09.2002. Attivo: CHF
1'608'242.--. Passivo: CHF 922'252.--. Attivo netto: CHF 685'990.--. La
cessione ha luogo mediante rimessa agli azionisti di 100 nuove azioni al
portatore da CHF 1'000.-- della Duferco SA.
07.05.2003 Merger:
La società ha assunto, sulla base del contratto di fusione del 24.04.2003, la
D.E. Metals SA, in Lugano (FUSC no. 241 del 12.12.2002 p.13), giusta l'art. 748
CO. Bilancio di fusione: 30.09.2002. Attivo: CHF 811'806.--. Passivo: CHF
74'108.--. Attivo netto: CHF 737'698.--. La cessione ha luogo mediante rimessa
agli azionisti di 200 nuove azioni al portatore da CHF 1'000.-- della Duferco
SA.
Entry Deleted Branches
23.06.2000 10.12.2001 , Delémont/JU, Switzerland/CH
Official Administration
Title Name
President Bruno Bolfo,
Origin: Italy, Address: Lugano/TI, Switzerland, joint signature of two
Chief
Executive Benedict
John Sciortino, Origin: United States of America, Address: Lugano/TI,
Switzerland, joint signature of two
Chief
Executive Antonio
Gozzi, Origin: Italy, Address: Chiavari, Italy, joint signature of two
Management
Title Name
Director Alessandro
Casale, Origin: Italy, Address: Castagnola/TI, Switzerland, joint signature of
two, eingeschränkte Zeichnungsberechtigung, Appointment: 07.05.2008
Director Enrico Toschi,
Origin: Italy, Address: Carona, Switzerland, joint signature of two,
eingeschränkte Zeichnungsberechtigung, Appointment: 07.05.2008
Director Giuseppe
Venturato, Origin: Lugano, Switzerland, Address: Origlio, Switzerland, joint
signature of two, eingeschränkte Zeichnungsberechtigung, Appointment:
07.05.2008
Director Paolo
Foti, Origin: Italy, Address: Lugano/TI, Switzerland, joint signature of two
Director Stefano
Arancio, Origin: Italy, Address: Berganzona/TI, Switzerland, joint signature of
two, Appointment: 07.05.2008
Director Thomas
Patrick, Origin: Langnau im Emmental, Switzerland, Address: Ponte, Switzerland,
joint signature of two, eingeschränkte Zeichnungsberechtigung, Appointment:
19.09.2005
Director Matthew De
Morgan, Origin: United Kingdom, Address: Guildford, United Kingdom, joint
signature of two
Executive board
Title Name
Chief
Executive Officer Bruno
Bolfo
Chief
Financial Officer Benedict
John Sciortino
Chief
Administration Officer Paolo Foti
Financial Data Duferco Ltd
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 30.09.2009 30.09.2008
Number of months: 12 12
Currency: th.
CHF th. CHF
Remarks: about about
Operating revenue 3'300'000.0 3'300'000.0
Capital 2'750.0 2'750.0
Employees at year end 205 200
Employees inland 205 200
Employees abroad 0 0
Ultimate Parent Company
Name: Duferco Participations
Holding Limited
City/Country: Guernsey, United Kingdom/GB
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Nina Finance SA
City/Country: Luxembourg, Luxembourg/LU
Interest: 100.00% voting right,
100.00% capital interest
Investments
Class: 100%
Name: DUFENERGY
INTERNATIONAL TRADING SA
City/Country: Lugano, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Duferco C.E.C. SA
City/Country: Lugano, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Duferco Investment
Services SA
City/Country: Lugano, Switzerland/CH
Interest: 100.00% voting right, 100.00%
capital interest
Class: 100%
Name: Duferco Shipping SA
City/Country: Lugano, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Legal Actions
Control date Year No. Amount CHF Status
07.01.2011 2011 0
07.01.2011 2010 1 2'899'766.-- Opposition filed
07.01.2011 2009 0
07.01.2011 2008 0
07.01.2011 2007 0
07.01.2011 2006 0
07.01.2011 2005 0
07.01.2011 2004 0
07.01.2011 2003 0
07.01.2011 2002 0
07.01.2011 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
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
Maximum
Credit: CHF 2'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.85 |
|
UK Pound |
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
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 |
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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.