MIRA INFORM REPORT

 

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

ENRC MARKETING (AFRICA) AG

 

 

Registered Office :

Balz Zimmermann-Strasse 7, Postfach 8058, 8302 Kloten

 

 

Country :

Switzerland

 

 

Date of Incorporation :

31.03.2006

 

 

Com. Reg. No.:

020.3.029.730-7 / 833420

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Marketing, trading and distribution of mineral raw materials, particularly metals and metal alloys, which were funded and processed primarily in Africa

 

 

No. of Employees :

01-09 employees

 

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

 

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 

 

ENRC Marketing (Africa) 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.:                      CHE112856770

 

 

Profile

 

Established:                  2006

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4672     Wholesale of metals and metal ores

Import/Export:               Import

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  1-9

 

 

Activity

 

The business activities includes the marketing, trading and distribution of mineral raw materials, particularly metals and metal alloys, which were funded and processed primarily in Africa.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                020.3.029.730-7 / 833420

Legal form:                    Company limited by shares

Registration:                 31.03.2006

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

History:                        Date of Statutes: 03.02.2010

                                    Date of Statutes: 04.04.2006

                                    Date of Incorporation Statutes: 23.03.2006

 

Entry            Deleted   Name

09.02.2010                    ENRC Marketing (Africa) AG

09.02.2010                    ENRC Marketing (Africa) Corp. (Name translated)

09.02.2010                    ENRC Marketing (Africa) SA (Name translated)

10.04.2006    09.02.2010  DDK Trading AG

10.04.2006    09.02.2010  DDK Trading SA (Name translated)

10.04.2006    09.02.2010  DDK Trading Corp. (Name translated)

31.03.2006    10.04.2006  ENRC International Marketing AG

31.03.2006    10.04.2006  ENRC International Marketing SA (Name translated)

31.03.2006    10.04.2006  ENRC International Marketing Corp. (Name translated)

 

Entry            Deleted   Legal domicile

31.03.2006                    Kloten, Switzerland

 

Entry            Deleted   Address

31.03.2006                    Balz Zimmermann-Strasse 7, 8302 Kloten/ZH, Switzerland/CH

 

Entry            Deleted   Capital

31.03.2006                    Share Capital CHF 100'000, paidup CHF 100'000

 

Entry            Deleted   Capital Structure

31.03.2006                    100 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

09.02.2010                    Die Gesellschaft bezweckt die Vermarktung, den Handel mit und den Vertrieb von mineralischen Rohstoffen, insbesondere von Metallen und Metalllegierungen, welche vorwiegend in Afrika gefördert und verarbeitet wurden. 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 alle kommerziellen, finanziellen und anderen Tätigkeiten ausüben, welche mit dem Zweck der Gesellschaft im Zusammenhang stehen oder diesen zu fördern geeignet sind.

31.03.2006    09.02.2010  Die Gesellschaft bezweckt die Vermarktung, den Handel mit 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 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)

30.03.2009                    Merger: Übernahme der Aktiven und Passiven der IMR Marketing AG, in Kloten (CH-020.3.029.739-9), gemäss Fusionsvertrag vom 30.09.2008 und Bilanz per 30.09.2008. Aktiven von CHF 67'116'402.00 und Passiven (Fremdkapital) von CHF 1'914'973.00 gehen auf die übernehmende Gesellschaft über. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

31.03.2006                    Publishing authority: SHAB.

31.03.2006                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

31.03.2006                    Reports: Mitteilungen an die Aktionäre erfolgen schriftlich an die im Aktienbuch verzeichneten Adressen.

 

 

Official Administration

 

Title                                           Name

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

Executive Director                       Beat Ehrensberger, Origin: Winterthur, Switzerland, Residential address: 8142 Uitikon, Switzerland, joint signature of two

Executive Director                       Marc Van Winkel, Origin: Belgium, Residential address: 8124 Maur, Switzerland, joint signature of two, Registered since: 13.08.2008

 

 

Management

 

Title                                           Name

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

Director                                      Beat Ehrensberger, Origin: Winterthur, Switzerland, Residential address: 8142 Uitikon, Switzerland, joint signature of two

Vice-Director                               Mark Lee Midgley, Origin: United Kingdom, Residential address: Baar, Switzerland, joint signature of two

Vice-Director                               Giles Michael Smith, Origin: United Kingdom, Residential address: Zürich/ZH, Switzerland, joint signature of two, Registered since: 02.04.2012

 

 

External Positions

 

Title                                           Name

Auditor                                       PricewaterhouseCoopers AG, Residential address: Zürich, Switzerland

 

 

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:                          ENRC Marketing AG

City/Country:                 Kloten, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

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:   There are no objections regarding the payment of financial obligations.

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.