MIRA INFORM REPORT

 

 

Report Date :           

07.02.2012

 

IDENTIFICATION DETAILS

 

Name :

AVESTRA CHEMICAL (SUISSE) SA

 

 

Registered Office :

Avenue des Toises 12, 1005 Lausanne

 

 

Country :

Switzerland

 

 

Date of Incorporation :

11.09.2008

 

 

Com. Reg. No.:

550.1.055.473-7 / 921209

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

international trade in liquids, synthetic rubbers, base oils, plastics, and other chemical products

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 20'000

Status :

Moderate

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 30th, 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

 

AVESTRA CHEMICAL (SUISSE) SA

 

 

Operating address

 

Avenue des Toises 12

1005 Lausanne

Switzerland/CH

Telephone:                    021 3430210

Fax:                             021 3430211

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

E-mail:                         info.ch@avestragroup.com

VAT-No.:                      CHE114494583

 

 

Profile

 

Established:                  2008

History:                        Avestra Group is an international group of companies providing industrial and distributive services. We provide petrochemical products all the way from production to distribution. The main market areas are Europe, Russia, Turkey, China and India.

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4675     Wholesale of chemical products

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

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  7

Sales:                          CHF 2-4 Mio

 

 

Activity

 

The business activities includes the international trade in liquids, synthetic rubbers, base oils, plastics, and other chemical products.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                550.1.055.473-7 / 921209

Legal form:                    Company limited by shares

Registration:                 11.09.2008

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Vaud

Auditor:                        Fiducap Société Fiduciaire SA (CH-660-0441992-7), Carouge (GE)

History:                        Date of Statutes: 13.08.2010

                                    Date of Statutes: 19.12.2008

                                    Date of Incorporation Statutes: 29.08.2008

 

Entry            Deleted   Name

11.09.2008                    AVESTRA CHEMICAL (SUISSE) SA

 

Entry            Deleted   Legal domicile

11.09.2008                    Lausanne, Switzerland

 

Entry            Deleted   Address

27.11.2009                    Avenue des Toises 12, 1005 Lausanne/VD, Switzerland/CH

13.01.2009    27.11.2009  Avenue Benjamin-Constant 1, 1003 Lausanne/VD, Switzerland/CH

11.09.2008    13.01.2009  c/o MCE Avocats, Rue du Grand-Chêne 1, 1003 Lausanne/VD, Switzerland/CH

 

Entry            Deleted   Capital

13.01.2009                    Share Capital CHF 500'000, paidup CHF 500'000

11.09.2008    13.01.2009  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry            Deleted   Capital Structure

17.09.2010                    500 Registered shares of CHF 1'000.--

13.01.2009    17.09.2010  500 Bearer shares of CHF 1'000.--

11.09.2008    13.01.2009  100 Bearer shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

11.09.2008                    Le négoce international de produits chimiques issus ou non de l'industrie pétrolière (pour but complet cf. statuts).

 

Entry            Deleted   Remarks (original Language)

11.09.2008                    Publishing authority: Feuille officielle suisse du commerce.

 

Official Administration

 

Title                                           Name

President                                    Adam Popov, Origin: Finland, Address: Grand-Saconnex, Switzerland, single signature, Registered since: 08.12.2010

Executive Director                       Jürg Johner, Origin: Zürich, Switzerland, Address: Vandoeuvres, Switzerland, joint signature of two, Registered since: 15.07.2009

 

 

Ultimate Parent Company

 

Name:                          Avestra Group Ltd.

City/Country:                 Limassol, Cyprus/CY

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Avestra Group Ltd.

City/Country:                 Limassol, Cyprus/CY

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Avestra Chemical Pte. Ltd.

City/Country:                 Singapore, Singapore/SG

 

Name:                          Avestra Chemical Services Oy

City/Country:                 Perttula, Finland/FI

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

17.12.2010          2010                           0

17.12.2010          2009                           0

17.12.2010          2008                           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 20'000

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.68

UK Pound

1

Rs.76.75

Euro

1

Rs.63.57

 

 

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.