MIRA INFORM REPORT

 

 

Report Date :

11.02.2012

 

IDENTIFICATION DETAILS

 

Name :

UMCOR AG

 

 

Registered Office :

Steinstrasse 21 8003 Zürich

 

 

Country :

Switzerland

 

 

Date of Incorporation :

19.11.2003

 

 

Com. Reg. No.:

020.3.027.211-9 / 724935

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Import and export of ferrous and nonferrous metals, especially copper.

 

 

No. of Employees :

10-19

 

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 500'000.

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Exists

 

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

 

Umcor AG

 

Operating address:

Steinstrasse 21

8003 Zürich

Switzerland/CH

 

Telephone:                    043 9607979

Fax:                             043 9607970

 

E-mail:                         info@umcor.ch

 

VAT-No.:                      CHE110306493

 

 

Profile

 

Established:                  2003

Line of Business:           Trade brokers

Industry Division:           Wholesale trade

Industry-code (NACE):   4612       Agents involved in the sale of fuels, ores, metals and industrial chemicals

Import/Export:               Agency

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  10-19

Sales:                          CHF 1-2 Bil

 

 

Activity

 

The business activities includes the import and export of ferrous and nonferrous metals, especially copper.

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                020.3.027.211-9 / 724935

Legal form:                    Company limited by shares

Registration:                 19.11.2003

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

Auditor:                        BDO Visura CH-020.3.927.906-5), Zürich

History:                        Date of Statutes: 08.06.2009

                                    Date of Incorporation Statutes: 13.11.2003

 

Entry          Deleted      Name

19.11.2003                    Umcor AG

19.11.2003                    Umcor Ltd (Name translated)

19.11.2003                    Umcor SA (Name translated)

 

Entry          Deleted      Legal domicile

19.11.2003                    Zürich, Switzerland

 

Entry          Deleted      Address

19.11.2003                    Steinstrasse 21, 8003 Zürich/ZH, Switzerland/CH

 

Entry          Deleted      Capital

15.06.2009                    Share Capital CHF 1'100'000, paidup CHF 1'100'000

19.11.2003  15.06.2009  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry          Deleted      Capital Structure

15.06.2009                    1'100 Bearer shares of CHF 1'000.--

19.11.2003  15.06.2009  100 Bearer shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

19.11.2003                    Zweck der Gesellschaft ist der Handel mit sowie der Import und Export und Vertrieb von eisenhaltigen und nicht eisenhaltigen Metallen. Die Gesellschaft kann im Zusammenhang mit den in Handel gebrachten Produkten Dienstleistungen in den Bereichen Consulting und Marketing erbringen. Sie kann immaterielle Rechte erwerben, verwalten, belasten und veräussern, sich an anderen Unternehmen beteiligen, Tochtergesellschaften errichten sowie Grundstücke erwerben, belasten und veräussern. Die Gesellschaft kann alle Geschäfte eingehen und Verträge abschliessen die geeignet sind, den Zweck der Gesellschaft zu fördern, oder die direkt oder indirekt damit im Zusammenhang stehen, ferner Zweigniederlassungen im In- und Ausland errichten.

 

Entry          Deleted      Remarks (original Language)

15.06.2009                    Capital: Ordentliche Erhöhung des Aktienkapitals.

19.11.2003                    Publishing authority: SHAB.

19.11.2003                    Reports: Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Publikation im SHAB. Sind dem Verwaltungsrat die Adressen der Aktionäre bekannt, so können solche Mitteilungen durch eingeschriebenen Brief erfolgen, sofern das Gesetz nicht zwingend etwas anderes bestimmt.

 

Official Administration

 

Title                                           Name

Executive Director                        Markus Charles Müller, Origin: Wiliberg, Biel BE, Switzerland, Address: Port, Switzerland, single signature, Registered since: 19.11.2003

 

 

Management

 

Title                                           Name

Director                                       Michael Grünstein, Origin: Germany, Address: Uitikon, Switzerland, single signature, Registered since: 19.11.2003

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Michael Grünstein

 

 

Owner/-s

 

No. of Owner/-s:            2

Owner:                         The company is privately owned.

 

Class:                          unknown

Name:                          Markus Charles Müller

City/Country:                 Port, Switzerland/CH

 

Class:                          unknown

Name:                          Michael Grünstein

City/Country:                 Uitikon, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

17.11.2009          2009                           0

17.11.2009          2008                           1                           1'745.-- Legal actions

17.11.2009          2007                           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:   There are no objections regarding the payment of financial obligations.

 

Maximum Credit:           CHF 500'000.--

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.