MIRA INFORM REPORT

 

 

Report Date :

05.11.2011

 

IDENTIFICATION DETAILS

 

Name :

CARBOFER GENERAL TRADING SA

 

 

Registered Office :

Via Pietro Capelli 18 6900 Lugano

 

 

Country :

Switzerland

 

 

Date of Incorporation :

01.10.2004

 

 

Com. Reg. No.:

514.3.028.489-6 / 769909

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Trading in steel, coal, pig iron, iron ore and scrap.

 

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 800'000

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

CARBOFER GENERAL TRADING SA

 

Operating address:

Via Pietro Capelli 18

6900 Lugano

Switzerland/CH

 

Telephone:                    091 9117700

Fax:                             091 9117711

 

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

E-mail:                         info@carbofer.com

 

VAT-No.:                      CHE112025450

 

 

Profile

 

Established:                  2004

History:                        Carbofer Group S.A. is a growth-orientated private company that trades steel, coal, pig iron, iron ore and scrap, invests in projects in those industries and provides shipping and financial services. The offices are located in all key markets, which gives easy access to the customers worldwide.

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4677       Wholesale of waste and scrap

                                    4672       Wholesale of metals and metal ores

                                    4671       Wholesale of solid, liquid and gaseous fuels and related products

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  50

Sales:                          CHF 60-80 Mio

 

 

Activity

 

The business activities includes trading in steel, coal, pig iron, iron ore and scrap.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                514.3.028.489-6 / 769909

Legal form:                    Company limited by shares

Registration:                 01.10.2004

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

Auditor:                        PricewaterhouseCoopers SA, Lugano

History:                        Date of Statutes: 17.10.2008

                                    Date of Statutes: 09.06.2006

                                    Date of Incorporation Statutes: 30.09.2004

 

Entry          Deleted      Name

01.10.2004                    CARBOFER GENERAL TRADING SA

 

Entry          Deleted      Legal domicile

01.10.2004                    Lugano, Switzerland

 

Entry          Deleted      Address

16.01.2008                    Via Pietro Capelli 18, 6900 Lugano/TI, Switzerland/CH

04.07.2006  16.01.2008  Via Maggio 1, 6900 Lugano/TI, Switzerland/CH

01.10.2004  04.07.2006  c/o Barinvest SA, Via Cantonale 19, 6900 Lugano/TI, Switzerland/CH

 

Entry          Deleted      Capital

17.10.2008                    Share Capital CHF 30'000'000, paidup CHF 30'000'000

09.06.2006  17.10.2008  Share Capital CHF 12'500'000, paidup CHF 12'500'000

01.10.2004  09.06.2006  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry          Deleted      Capital Structure

17.10.2008                    30'000 Registered shares of CHF 1'000.--

09.06.2006  17.10.2008  12'500 Bearer shares of CHF 1'000.--

01.10.2004  09.06.2006  100 Bearer shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

01.10.2004                    L'acquisto, la vendita, la distribuzione e la commercializzazione di materiali ferrosi e non ferrosi nonché carbone e legno. La società può assumere partecipazioni in altre società aventi oggetto analogo od affine o comunque connesso al proprio. Essa può compiere tutte le operazioni commerciali, industriali e finanziarie, mobiliari ed immobiliari, così come ogni altra attività, ritenute necessarie od utili per il conseguimento dell'oggetto sociale, prestando anche fideiussioni ed ogni altra garanzia in genere anche a favore di terzi.

 

Entry          Deleted      Remarks (original Language)

17.10.2008                    Shares: La trasferibilità delle azioni nominative è limitata dallo statuto. 

17.10.2008                    Proclamations: Aumento ordinario.

09.06.2006                    Financial data: Compensazione crediti: CHF 12'400'000.--.

01.10.2004                    Publishing authority: FUSC.

01.10.2004                    Reports: Le comunicazioni e convocazioni della società agli azionisti, se noti, avvengono mediante lettera raccomandata. 

 

 

Official Administration

 

Title                                           Name

President                                    Piero Piccolo, Origin: Italy, Address: 6900 Lugano/TI, Switzerland, single signature

Executive Director                        Darko Bozinovski, Origin: Croatia, Address: Cureggia/TI, Switzerland, single signature

 

 

Management

 

Title                                           Name

Director                                       Valerio Teppati, Origin: Italy, Address: 6926 Montagnola /TI, Switzerland, joint signature of two, Appointment: 01.09.2010

Member with procuration              Sebastiano Piccolo, Origin: Italy, Address: 6900 Lugano/TI, Switzerland, joint power of attorney of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Piero Piccolo

 

 

Ultimate Parent Company

 

Name:                          CARBOFER GROUP S.A.

City/Country:                 Luxembourg, Luxembourg/LU

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          CARBOFER FINANCE SA

City/Country:                 Luxembourg, Luxembourg/LU

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          CARBOFER GLOBAL TRANSPORT SA

City/Country:                 Lugano, Switzerland/CH

 

Name:                          CARBOFER SA

City/Country:                 Lugano, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

15.03.2011          2011                           0

15.03.2011          2010                           1                         39'785.-- Opposition filed

15.03.2011          2009                           1                           1'516'978.-- Opposition filed

15.03.2011          2009                           1                           1'262.-- Request to continue process

15.03.2011          2008                           0

15.03.2011          2007                           0

15.03.2011          2006                           0

08.06.2009          2005                           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 800'000.--

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.65

Euro

1

Rs.67.79

 

 

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.