MIRA INFORM REPORT

 

 

Report Date :

23.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ICC HANDELS AG

 

 

Registered Office :

Chamerstrasse 12c Postfach 6304 Zug

 

 

Country :

Switzerland

 

 

Date of Incorporation :

19.03.1960

 

 

Com. Reg. No.:

170.3.002.067-1 / 85412

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of chemical products

 

 

No. of Employees :

4

 

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 – 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

 

ICC Handels AG

 

Operating address:

Chamerstrasse 12c

Postfach

6304 Zug

Switzerland/CH

 

Telephone:                    041 7118044

Fax:                             041 7102243

 

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

E-mail:                         switzerland@iccchem.com

VAT-No.:                      CHE106919244

 

 

Profile

 

Established:                  1960

Line of Business:           Consumer goods wholesale, Commercial services

Industry Division:           Wholesale trade, Services

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

                                    4676       Wholesale of other intermediate products

                                    8299       Other business support service activities n.e.c.

Import/Export:               Import, Export

Banks:                         CS Credit Suisse

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  4

 

 

Activity

 

The business activities includes the sale of plastics, raw materials and chemicals, and services as a European headquarters in the areas of administration and finance.

 

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                170.3.002.067-1 / 85412

Legal form:                    Company limited by shares

Registration:                 19.03.1960

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

History:                        Date of Statutes: 29.12.1972

                                    Date of Statutes: 04.11.2010

                                    Date of Statutes: 30.11.2009

                                    Date of Statutes: 13.08.1997

 

Entry          Deleted      Name

active                           ICC Handels AG

active                           ICC Trading Limited (Name translated)

 

Entry          Deleted      Legal domicile

active                           Zug, Switzerland

 

Entry          Deleted      Address

active                           Chamerstrasse 12c, 6300 Zug/ZG, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 1'000'000, paidup CHF 1'000'000

 

Entry          Deleted      Capital Structure

16.11.2010                    1'000 Registered shares of CHF 1'000.--

                  16.11.2010  1'000 Bearer shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

20.08.1997                    Handel mit Kunststoffen, Rohmaterialien und Chemikalien, Beteiligung an ähnlichen Unternehmen sowie Verwaltung von Vermögenswerten aller Art für eigene und fremde Rechnung; kann Patente, Handelsmarken sowie technische und industrielle Kenntnisse erwerben, verwalten und übertragen

                  20.08.1997  Handel mit Kunststoffen, Rohmaterialien und Chemikalien; Errichtung von Zweigniederlassungen; Beteiligung in irgendwelcher Form an ähnlichen Unternehmungen; Verwaltung von Vermögenswerten aller Art

 

 

Official Administration

 

Title                                           Name

President                                    John J. Farber, Origin: United States of America, Residential address: New York, United States of America, joint signature of two

Vice-President                             Dr. Markus Berni, Origin: Vals, Switzerland, Residential address: 8702 Zollikon/ZH, Switzerland, joint signature of two

Chief Executive                            Naveen Chandra, Origin: United States of America, Residential address: Norwood , United States of America, joint signature of two, Registered since: 22.07.2010

Chief Executive                            James R. Muller, Origin: United States of America, Residential address: Kings Park , United States of America, joint signature of two

Executive Director                        Blaise J. Sarcone, Origin: United States of America, Residential address: Hauppauge, United States of America, joint signature of two, Registered since: 06.06.2011

 

 

Management

 

Title                                           Name

Member with signing authority       Eva Turi-Nagy, Origin: Zug, Switzerland, Residential address: 6300 Zug/ZG, Switzerland, joint signature of two

Member with procuration              Beate Michel, Origin: Kerns, Switzerland, Residential address: 8915 Hausen am Albis/ZH, Switzerland, joint power of attorney of two, Registered since: 16.01.2004

 

 

External Positions

 

Title                                           Name

Auditor                                        PricewaterhouseCoopers AG, Residential address: Zug, Switzerland

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Dr. Markus Berni

 

 

Ultimate Parent Company

 

Name:                          ICC Industries Inc

City/Country:                 New York, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          ICC Industries Inc

City/Country:                 New York, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Primex Plastics Corporation

City/Country:                 Richmond, United States of America/US

 

 

Investments

 

Class:                          100%

Name:                          ICC Chemicals (UK) Ltd.

City/Country:                 Milton Keynes, United Kingdom/GB

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          ICC (Hong Kong) Ltd.

City/Country:                 Wanchai, Hong Kong/HK

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          ICC Industries B.V.

City/Country:                 Amsterdam, Netherlands/NL

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          ICC Italia S.r.l.

City/Country:                 Milano, Italy/IT

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          ICC-Chemol Kft.

City/Country:                 Budapest, Hungary/HU

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Interlube S.L.

City/Country:                 Madrid, Spain/ES

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

23.02.2007          2007                           0

23.02.2007          2006                           0

23.02.2007          2005                           0

23.02.2007          2004                           0

23.02.2007          2003                           0

23.02.2007          2002                           0

23.02.2007          2001                           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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.57

Euro

1

Rs.67.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.