MIRA INFORM REPORT

 

 

Report Date :

03.12.2012

 

IDENTIFICATION DETAILS

 

Name :

IMR METALLURGICAL RESOURCES AG

 

 

Registered Office :

Dammstrasse 19 6300 Zug/ZG

 

 

Country :

Switzerland

 

 

Date of Incorporation :

29.03.2004

 

 

Reg. No.:

170.3.027.117-0 / 742021

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

No. of Employees :

8

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Singapore - ECONOMIC OVERVIEW

 

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 

Source : CIA

 

 

Company Name

 

IMR METALLURGICAL RESOURCES AG

 

 

Operating address

 

Dammstrasse 19

6300 Zug/ZG

Switzerland/CH

 

Telephone:        041 7232347

Fax:                  041 7232350

 

Web site:          http://joehwg.globalimporter.net

E-mail:              commercial@intlmet.com

 

WIN No.:           CH0006179274

VAT-No.:           CHE110598195

 

 

Profile

 

Established:                  2004

Line of Business:           Consumer goods wholesale

Industry Division:            Wholesale trade

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

Import/Export:                Import, Export

Banks:                          unknown

 

 

Operational Figures

 

Coverage:          Company

Figures:            approximately

Employees:       8

Sales:               CHF 10-20 Mio

 

 

Activity

 

The business activities includes international trade in raw materials for steel making with iron ore, coal, coke and iron alloys.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                170.3.027.117-0 / 742021

Legal form:                    Company limited by shares

Registration:                  29.03.2004

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

History:                         Date of Statutes: 23.12.2008

                                    Date of Statutes: 29.03.2004

                                    Date of Incorporation Statutes: 23.03.2004

 

Entry                Deleted            Name

29.03.2004                                IMR Metallurgical Resources AG

 

Entry                Deleted            Legal domicile

29.03.2004                                Zug, Switzerland

 

Entry                Deleted            Address

29.03.2004                                Dammstrasse 19, 6300 Zug/ZG, Switzerland/CH

 

Entry                Deleted            Capital

29.03.2004                                Share Capital CHF 100'000, paidup CHF 100'000

 

Entry                Deleted            Capital Structure

29.03.2004                                10'000 Bearer shares of CHF 10.--

 

Entry    Deleted            Activity (original Language)

29.03.2004                    Internationaler Handel mit Rohstoffen zur Stahlherstellung, mit Eisenerz, Kohle, Koks und Eisenlegierungen; kann sich an anderen Unternehmen beteiligen sowie Grundstücke erwerben, halten und veräussern.

 

Entry    Deleted            Remarks (original Language)

16.01.2009                    Reports: Die Mitteilungen an die Aktionäre erfolgen durch Publikation im SHAB oder, sofern die Namen und Adressen sämtlicher Aktionäre bekannt sind, durch eingeschriebenen Brief.

29.03.2004                    Publishing authority: SHAB.

 

 

Official Administration

 

Title                 Name

President          Hans-Rudolf Wild, Origin: Richterswil, Switzerland, Residential address: 6300 Zug/ZG, Switzerland, joint signature of two, Registered since: 29.03.2004

Chief Executive                          Anirudh Misra, Origin: United Kingdom, Residential address: Stanmore, United Kingdom, joint signature of two, Registered since: 29.03.2004

Director                                     Zhiguo Chen, Origin: China, Residential address: Beijing, China, joint signature of two, Registered since: 28.06.2006

Director                                     Erich A. Kalt, Origin: Zug, Switzerland, Residential address: 6300 Zug/ZG, Switzerland, joint signature of two, Registered since: 27.05.2005

 

 

External Positions

 

Title                 Name

Auditor              MOORE STEPHENS ZUG AG, Residential address: Zug, Switzerland

 

 

Executive board

 

Title                              Name

Chief Executive Officer   Hans-Rudolf Wild

 

 

Ultimate Parent Company

 

Name:               IMR Holding AG

City/Country:     Zug/ZG, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s: 1

Owner:                          The company is domestic owned.

 

Class:               100%

Name:               IMR Holding AG

City/Country:     Zug/ZG, Switzerland/CH

Interest:            100.00% voting right, 100.00% capital interest (since 05.01.2005)

 

 

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.

 

 

Remarks

 

The Company has also offices in U.K.( 6TH floor 49ST. James's street, London SW1A 1JT, tel:+44 207 409 0000), China( Room 1106, North Building, New World Center, 3B Chongwenmenwai Dajie, Beijing, tel: +86 10 67089811), and India( 40/7 Ballygunge Circular Road Calcutta, tel: 91 33 2461 4480).

 

 

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 difficult to assess.

 

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

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.52

UK Pound

1

Rs.87.48

Euro

1

Rs.70.89

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.