MIRA INFORM REPORT

 

 

Report Date :           

28.05.2011

 

IDENTIFICATION DETAILS

 

Name :

NOVAMETAL SA

 

 

Registered Office :

Via Mulino, 6862 Rancate

 

 

Country :

Switzerland

 

 

Date of Incorporation :

15.04.1983

 

 

Com. Reg. No.:

524.3.006.949-0 / 128205

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufacture of stainless steel, high alloy wire and aluminium alloy wire. Manufacture of BS 300 spools copper coated or plastic coated

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

CHF 200'000

 

 

Status :

Satisfactory

 

 

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

 

Novametal SA

 

 

Operating address

 

Via Mulino

6862 Rancate

Switzerland/CH

Telephone:                    091 6408383

Fax:                             091 6408302

Web site:                      http://www.novametal.com

E-mail:                         info@novametal.com

VAT-No.:                      CHE-105.936.317

 

 

Profile

 

Established:                  1982

Line of Business:           Metal/steel

Industry Division:           Manufacturing

Industry-code (NACE):     2433     Cold forming or folding

                                      2432     Cold rolling of narrow strip

                                      2431     Cold drawing of bars

Import/Export:               Import, Export

Quality certification:       ISO 9002 (since 1992)

                                    ISO 9001 (since 2000)

Banks:                         unknown

Organisation level:         Ultimate Parent

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  210

Sales:                          CHF 80'000'000.--

 

 

Activity

 

Manufacture of stainless steel, high alloy wire and aluminium alloy wire. Manufacture of BS 300 spools copper coated or plastic coated.

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                  524.3.006.949-0 / 128205

Legal form:                    Company limited by shares

Registration:                 15.04.1983

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

Auditor:                        Ernst & Young AG, Lugano

History:                        Date of Statutes: 09.12.1992

                                    Date of Statutes: 22.05.1987

                                    Date of Statutes: 13.04.1983

                                    Date of Statutes: 02.04.1980

                                    Date of Incorporation Statutes: 14.07.1978

 

Entry            Deleted   Name

active                           Novametal SA

 

Entry            Deleted   Legal domicile

06.04.2009                    Mendrisio, Switzerland

                    06.04.2009  Rancate, Switzerland

                    01.01.1983  Lugano, Switzerland

 

Entry            Deleted   Address

active                           6862 Rancate, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 4'000'000, paidup CHF 4'000'000

 

Entry            Deleted   Capital Structure

active                           4'000 Bearer shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

active                           Produzione e commercio anche per rappresentanza e commissione di prodotti in acciaio inossidabile e metallici in genere, plastici, affini e similari. La società può partecipare ad aziende nazionali ed estere similari e procedere a tutte le operazioni, anche immobiliari, idonee a conseguire lo scopo sociale o che hanno un rapporto diretto con il suo oggetto.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: FUSC.

active                           Capital: Aumento capitale sociale mediante compensazione di crediti. 

21.05.2003                    Merger: La società ha assunto, sulla base del contratto di fusione del 08.05.2003, la Novatekna SA, in Stabio (FUSC no. 111 del 12.06.2002 p.12), giusta l'art. 748 CO. Bilancio di fusione: 31.12.2002. Attivo: CHF 1'716'035.-- Passivo: CHF 1'570'428. Attivo netto: CHF 145'607.-- La fusione avviene senza alcuna controprestazione inquanto la società è già detentrice dell'intero pacchetto azionario della società assorbita.

 

 

Official Administration

 

Title                                           Name

President                                    Giuseppe  Marzorati, Origin: Novazzano, Switzerland, Address: Novazzano/TI, Switzerland, single signature

Executive Director                       Roberto  Marzorati, Origin: Novazzano, Switzerland, Address: Novazzano/TI, Switzerland, single signature

Executive Director                       Lucio  Rusca, Origin: Locarno, Switzerland, Address: Agno/TI, Switzerland, single signature

Executive Director                       Franco  Spinelli, Origin: Savosa, Switzerland, Address: Lugano/TI, Switzerland, single signature

Executive Director                       Angelo  Jelmini, Origin: Tenero-Contra, Switzerland, Address: Pregassona/TI, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

General Director                          Dott. Eugenio Marzorati, Origin: Novazzano, Switzerland, Address: Novazzano/TI, Switzerland, single signature

Director                                      Andrea  Scatola, Origin: Italy, Address: Olgiate Comasco, Italy, single signature

Member with procuration              Pierluigi Feltre, Origin: Italy, Address: Cernobbio, Italy, joint power of attorney of two, eingeschränkte Zeichnungsberechtigung

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Andrea  Scatola

 

 

Owner/-s

 

Owner:                         The company is in family ownership.

Class:                          50-99%

Name:                          Fam. Marzorati

City/Country:                 Novazzano, Switzerland/CH

 

 

Investments

 

Class:                          100%

Name:                          Novametal do Brasil Ltda

City/Country:                 Pindamonhagaba, Brazil/BR

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Stainless Bars SA

City/Country:                 Rancate, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          50-99%

Name:                          Ferriere di Stabio SA

City/Country:                 Stabio, Switzerland/CH

Interest:                        0.00% capital interest

 

Class:                          50-99%

Name:                          EZM Biennaform AG

City/Country:                 Biel/Bienne, Switzerland/CH

Interest:                        51.00% voting right, 51.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

15.05.2008          2008                           0

15.05.2008          2007                           0

15.05.2008          2006                           0

15.05.2008          2005                           0

15.05.2008          2004                           0

15.05.2008          2003                           0

15.05.2008          2002                           0

15.05.2008          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 in order.

 

Payment experiences:   Financial obligations are met as appropriate.

 

Maximum Credit:           CHF 200'000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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.