MIRA INFORM REPORT

 

 

Report Date :

17.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ENRC MARKETING AG

 

 

Registered Office :

Balz Zimmermann-Strasse 7 Postfach 8058 8302 Kloten

 

 

Country :

Switzerland

 

 

Date of Incorporation :

01.06.1959

 

 

Com. Reg. No.:

020.3.900.477-2 / 2910

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Sale and trading of metals and metal alloys of the ENRC Group.

 

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

 

ENRC Marketing AG

 

Operating address:

Balz Zimmermann-Strasse 7

Postfach 8058

8302 Kloten

Switzerland/CH

 

Telephone:                    043 4994100

Fax:                             043 4994199

 

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

E-mail:                         info@enrc.com

 

VAT-No.:                      CHE103948640

 

 

Profile

 

Established:                  1959

Line of Business:           Advertising/Communication, Consumer goods wholesale

Industry Division:           Services, Wholesale trade

Industry-code (NACE):   7311       Advertising agencies

                                    4672       Wholesale of metals and metal ores

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  1-9

 

 

Activity

 

The business activities includes the marketing, sale and trading of metals and metal alloys of the ENRC Group.

 

 

Real Estate

 

Information on property ownership was not available.

Company Register

 

Company No:                020.3.900.477-2 / 2910

Legal form:                    Company limited by shares

Registration:                 01.06.1959

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich (since 16.12.2004)

Auditor:                        PricewaterhouseCoopers AG, Zürich

History:                        Date of Incorporation Statutes: 16.04.1959

                                    Date of Statutes: 13.10.2006

                                    Date of Statutes: 30.01.2006

                                    Date of Statutes: 03.10.2005

                                    Date of Statutes: 13.05.2005

                                    Date of Statutes: 10.12.2004

 

Entry          Deleted      Name

23.02.2006                    ENRC Marketing AG

23.02.2006                    ENRC Marketing SA (Name translated)

23.02.2006                    ENRC Marketing Corp. (Name translated)

                  23.05.2005  MRM Ferroalloys AG

                  removed      Agroba Aktiengesellschaft für Grossbauten und Einkaufszentren

                  removed      Agroba AG

                  removed      Agroba SA (Name translated)

                  23.05.2005  MRM Ferroalloys Inc. (Name translated)

                  23.05.2005  MRM Ferroalloys SA (Name translated)

23.05.2005  23.02.2006  ENR Ferroalloys AG

23.05.2005  23.02.2006  ENR Ferroalloys Inc (Name translated)

23.05.2005  23.02.2006  ENR Ferroalloys SA (Name translated)

 

Entry          Deleted      Legal domicile

01.11.2005                    Kloten, Switzerland

                  16.12.2004  Freienbach, Switzerland

16.12.2004  01.11.2005  Zollikon, Switzerland

 

Entry          Deleted      Address

23.02.2006                    Postfach, 8058 Zürich-Flughafen/ZH, Switzerland/CH (Postal address)

01.11.2005                    Balz Zimmermann-Strasse 7, 8302 Kloten/ZH, Switzerland/CH

 

Entry          Deleted      Capital

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

 

Entry          Deleted      Capital Structure

16.12.2004                    500 Registered shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

02.11.2006                    Die Gesellschaft bezweckt die Vermarktung, den Handel und den Vertrieb von mineralischen Rohstoffen, insbesondere von Metallen- und Metalllegierungen. Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten und sich an anderen Unternehmen im In- und Ausland beteiligen oder solche erwerben. Die Gesellschaft kann Grundstücke erwerben, halten und veräussern sowie Lizenzen, Patente und andere Immaterialgüterrechte erwerben. Die Gesellschaft kann ihren direkten und indirekten Muttergesellschaften und Aktionären sowie deren oder ihren direkten oder indirekten Tochtergesellschaften Darlehen oder andere Finanzierungen gewähren und für Verbindlichkeiten von solchen Personen Sicherheiten aller Art stellen, insbesondere in Form von Garantien, Pfändern, Globalzessionen, Sicherungsübereignungen, Sicherungsabtretungen und Schadloshaltungserklärungen. Die Gesellschaft kann alle kommerziellen, finanziellen und anderen Tätigkeiten ausüben, welche mit dem Zweck der Gesellschaft im Zusammenhang stehen oder diesen zu fördern geeignet sind.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

19.06.2009                    Merger: Übernahme der Aktiven und Passiven der Corica AG, in Kloten (CH-320.3.030.423-8) gemäss Fusionsvertrag vom 08.06.2009 und Bilanz per 31.12.2008. Aktiven von CHF 218'588'086.00 und Passiven (Fremdkapital) von CHF 233'468'775.00, d.h. ein Passivenüberschuss von CHF 14'880'689.00, gehen auf die übernehmende Gesellschaft über. Die übernehmende Gesellschaft verfügt gemäss Bestätigung des staatlich beaufsichtigten Revisionsunternehmens über frei verwendbares Eigenkapital im Umfang des Kapitalverlustes und der Überschuldung. Da dieselben Aktionäre sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

15.01.2007                    Merger: Übernahme der Aktiven und Passiven der ENR Technik AG, in Kloten (CH-130.3.001.038-7), gemäss Fusionsvertrag vom 12.01.2007 und Bilanz per 31.10.2006. Aktiven von CHF 11'778'519.-- und Passiven (Fremdkapital) von CHF 3'165'308.-- gehen auf die übernehmende Gesellschaft über. Da dieselben Aktionäre sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

15.01.2007                    Merger: Übernahme der Aktiven und Passiven der ENR Alumina AG, in Kloten (CH-020.3.026.507-7), gemäss Fusionsvertrag vom 12.01.2007 und Bilanz per 31.10.2006. Aktiven von CHF 87'790'934.-- und Passiven (Fremdkapital) von CHF 16'315'937.-- gehen auf die übernehmende Gesellschaft über. Da dieselben Aktionäre sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

15.01.2007                    Merger: Übernahme der Aktiven und Passiven der ENR Iron AG, in Kloten (CH-170.3.005.290-4), gemäss Fusionsvertrag vom 12.01.2007 und Bilanz per 31.10.2006. Aktiven von CHF 325'260'284.-- und Passiven (Fremdkapital) von CHF 188'154'780.-- gehen auf die übernehmende Gesellschaft über. Da dieselben Aktionäre sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

16.12.2004                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

16.12.2004                    Reports: Mitteilungen an die Aktionäre erfolgen schriftlich an die im Aktienbuch verzeichneten Adressen.

 

 

Official Administration

 

Title                                           Name

President                                    James Cochrane, Origin: United Kingdom, Address: Ashtead, United Kingdom, joint signature of two

Company Secretary                     Beat Ehrensberger, Origin: Winterthur, Switzerland, Address: 8142 Uitikon, Switzerland, joint signature of two

Executive Director                        Marc Jozef Clement Van Winkel, Origin: Belgium, Address: 8124 Maur, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Director                                       James Cochrane, Origin: United Kingdom, Address: Ashtead, United Kingdom, joint signature of two

Vice-Director                               Mark Midgley, Origin: United Kingdom, Address: 8302 Kloten/ZH, Switzerland, joint signature of two

Vice-Director                               Alexander Jan Hendrik Tattersall, Origin: Netherlands, Address: 6402 Küssnacht/SZ, Switzerland, joint signature of two, Appointment: 24.04.2009

Vice-Director                               Alexey Podkolzin, Origin: Russia, Address: Dubai, United Arab Emirates, joint signature of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Beat Ehrensberger

 

 

Ultimate Parent Company

 

Name:                          EURASIAN NATURAL RESOURCES CORPORATION PLC

City/Country:                 London, United Kingdom/GB

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          EURASIAN NATURAL RESOURCES CORPORATION PLC

City/Country:                 London, United Kingdom/GB

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:                          100%

Name:                          ENRC Marketing (Africa) AG

City/Country:                 Kloten, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Remarks

 

The group conceded in 2010 a revenue of $ 6.605 milion.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

20.05.2008          2008                           0

20.05.2008          2007                           0

20.05.2008          2006                           1                         27'584.-- Closed legal actions

 

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:   Payments are made with arranged conditions.

 

Maximum Credit:           CHF 800'000.--

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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.