MIRA INFORM REPORT

 

 

Report Date :

18.04.2012

 

IDENTIFICATION DETAILS

 

Name :

NOBLE RESOURCES SA

 

 

Registered Office :

Route de Ferney 207 1218 Le Grand-Saconnex

 

 

Country :

Switzerland

 

 

Date of Incorporation :

18.07.2001

 

 

Com. Reg. No.:

550.1.025.770-5 / 628735

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Trading in products of agriculture, industry and energy. These include products such as coffee, cotton, sugar, fuel, coal and aluminum.

 

 

No. of Employees :

120

 

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 1'000'000

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Noble Resources SA

 

Operating address:

Route de Ferney 207                                                     Branch:

1218 Le Grand-Saconnex                                              Avenue des Mousquines 4

Switzerland/CH                                                             1005 Lausanne

                                                                                   Switzerland/CH

 

Telephone:                    021 3310890                             021 3310890

Fax:                             021 3310891                             021 3310891

 

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

E-mail:                         noble@thisisnoble.com

 

VAT-No.:                      CHE109282756

 

 

Profile

 

Established:                  2001

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4690       Non-specialised wholesale trade

Import/Export:               Import agency

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  120

 

 

Activity

 

The business activities includes trading in products of agriculture, industry and energy. These include products such as coffee, cotton, sugar, fuel, coal and aluminum.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                550.1.025.770-5 / 628735

Legal form:                    Company limited by shares

Registration:                 18.07.2001

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Genève

Auditor:                        Ernst & Young SA, Lausanne

History:                        Date of Statutes: 14.12.2005

                                    Date of Statutes: 30.06.2005

                                    Date of Statutes: 18.06.2004

                                    Date of Statutes: 13.06.2003

                                    Date of Incorporation Statutes: 10.07.2001

 

Entry          Deleted      Name

18.07.2001                    Noble Resources SA

18.07.2001                    Noble Resources AG (Name translated)

18.07.2001                    Noble Resources Ltd (Name translated)

 

Entry          Deleted      Legal domicile

24.10.2011                    Le Grand-Saconnex, Switzerland

18.07.2001  24.10.2011  Lausanne, Switzerland

 

Entry          Deleted      Address

15.01.2004  24.10.2011  Avenue des Mousquines 4, 1000 Lausanne/VD, Switzerland/CH

18.07.2001  15.01.2004  Avenue Juste-Olivier 2, 1000 Lausanne/VD, Switzerland/CH

 

Entry          Deleted      Capital

22.12.2005                    Share Capital CHF 3'900'000, paidup CHF 3'900'000

 

Entry          Deleted      Capital Structure

22.12.2005                    3'900 Registered shares with restricted transferability of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

19.06.2003                    Négoce de matières premières sous toute forme, principalement hors de Suisse, ainsi qu'activités et services s'y rapportant.

18.07.2001  19.06.2003  Fourniture de services et d'assistance aux sociétés de son groupe, actif dans le négoce international de matières premières.

 

Entry          Deleted      Remarks (original Language)

22.06.2007                    Merger: Reprise des actifs et passifs de Granex SA, à Lausanne (CH-550-1028154-8), selon contrat de fusion du 21 juin 2007 et bilan au 31 décembre 2006, présentant des actifs de CHF 215'095'836, des passifs envers les tiers de CHF 221'473'208, soit un exédent de passifs de CHF 6'377'372. Conformément à l'attestation d'un réviseur particulièrement qualifié, des créances d'un montant au moins équivalent au découvert et au surendettement ont été postposées.

22.12.2005                    Contribution in kind/Asset takeover: Selon contrat du 14 décembre 2005: 240 actions nominatives de USD 0,01 de Noble Americas Corp., à Wilmington (USA), pour CHF 2'800'000; en contrepartie, il est remis 2'800 actions de CHF 1'000.

24.06.2004                    Merger: Selon contrat de fusion du 18 juin 2004 et bilan au 31 décembre 2003, la société reprend à titre universel et sans liquidation, au sens de l'art. 748 CO, l'actif (CHF 86'240'174.28) et le passif (CHF 80'176'861.08), soit un actif net de CHF 6'063'313.20, de la société Noble Cocoa SA à Lausanne; en contrepartie, il est remis à l'actionnaire unique de la société absorbée 100 actions au porteur de CHF 1'000 de la société Noble Resources SA.

19.06.2003                    Merger: Selon contrat de fusion du 13 juin 2003 et bilan au 31 décembre 2002, la société reprend à titre universel et sans liquidation, au sens de l'art. 748 CO, l'actif (CHF 9'022'441) et le passif (CHF 8'933'804), soit un actif net de CHF 88'637, de la société Noble Coffee SA, à Lausanne. En contrepartie, il est remis à l'actionnaire de Noble Coffee SA 39 actions au porteur de CHF 1'000 de Noble Resources SA. Selon contrat de fusion du 13 juin 2003 et bilan au 31 décembre 2002, la société reprend à titre universel et sans liquidation, au sens de l'art. 748 CO, l'actif (CHF 29'982'272) et le passif (CHF 29'897'087), soit un actif net de CHF 85'185, de la société Noble Grain SA, à Lausanne. En contrepartie, il est remis à l'actionnaire de Noble Grain SA 37 actions au porteur de CHF 1'000 de Noble Resources SA. Selon contrat de fusion du 13 juin 2003 et bilan au 31 décembre 2002, la société reprend à titre universel et sans liquidation, au sens de l'art. 748 CO, l'actif (CHF 14'059'403) et le passif (CHF 13'543'224), soit un actif net de CHF 516'179, de la société Noble Sugar SA, à Lausanne. En contrepartie, il est remis à l'actionnaire de Noble Sugar SA 224 actions au porteur de CHF 1'000 de Noble Resources SA. Le capital-actions est porté de CHF 100'000 à CHF 400'000 par suite des trois fusions.

18.07.2001                    Publishing authority: Feuille officielle suisse du commerce.

 

 

Official Administration

 

Title                                           Name

President                                    Richard S. Elman, Origin: Royaume-Uni, Switzerland, Address: Hong Kong, China, joint signature of two

Chief Executive                            Elliot Spitz, Origin: United States of America, Address: 1000 Lausanne/VD, Switzerland, joint signature of two

Executive Director                        Thomas M. Silva , Origin: United States of America, Address: 1000 Lausanne/VD, Switzerland, joint signature of two, Registered since: 01.10.2009

Executive Director                        Thorsten Ansorg, Origin: Germany, Address: Bebra, Germany, joint signature of two

Executive Director                        Michel Bally, Origin: Lausanne, Switzerland, Address: 1000 Lausanne/VD, Switzerland, joint signature of two

Executive Director                        Henry Nizan, Origin: Cham, Switzerland, Address: 6300 Zug/ZG, Switzerland, joint signature of two

Executive Director                        Marcus Seelbach, Origin: Germany, Address: Londres , United Kingdom, joint signature of two

Executive Director                        Graham Laird, Origin: Pully, Switzerland, Address: 1009 Pully/VD, Switzerland, joint signature of two

Executive Director                        Henri Janne d'Othée, Origin: Belgium, Address: 1803 Chardonne/VD, Switzerland, joint signature of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Elliot Spitz

 

 

Ultimate Parent Company

 

Name:                          Noble Group Limited

City/Country:                 Wanchai, Hong Kong/HK

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Noble Group Limited

City/Country:                 Wanchai, Hong Kong/HK

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Noble Resources Limited

City/Country:                 Wanchai, Hong Kong/HK

 

 

Investments

 

Class:                          100%

Name:                          Noble Chartering SA

City/Country:                 Le Grand-Saconnex, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          NOBLE RESOURCES INTERNATIONAL SA

City/Country:                 Le Grand-Saconnex, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

29.12.2010          2010                           2                           4'515'265.-- Legal actions

29.12.2010          2009                           1                           2'112'632.-- Opposition filed

29.12.2010          2008                           0

29.12.2010          2007                           0

15.07.2009          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 considered to be in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 1'000'000.--

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.62

UK Pound

1

Rs.81.94

Euro

1

Rs.67.65

 

 

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.