MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MERCURIA ENERGY TRADING SA

 

 

Registered Office :

Rue du Rhône 50, 1204 Genève

 

 

Country :

Switzerland

 

 

Date of Incorporation :

23.06.2004

 

 

Com. Reg. No.:

660.1.372.004-2 / 760991

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

trading, storage, transportation and distribution of crude oil, refined petroleum products, natural gas (including LNG), power, coal, biodiesel, vegetable oils and carbon emissions

 

 

No. of Employees :

191

 

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

 

MERCURIA ENERGY TRADING SA

 

 

Operating address

 

Rue du Rhône 50

1204 Genève

Switzerland/CH

Telephone:                    022 5947000

Fax:                             022 5947010

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

E-mail:                         infogva@mercuria.com

VAT-No.:                      CHE111729324

 

 

Profile

 

Established:                  2004

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:               Export

Export sales:                89.0%

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  191

Sales:                          CHF 10 Bil +

 

 

Activity

 

The business activities includes trading, storage, transportation and distribution of crude oil, refined petroleum products, natural gas (including LNG), power, coal, biodiesel, vegetable oils and carbon emissions.

 

 

Real Estate

Information on property ownership was not available.

 

Company Register

 

Company No:                660.1.372.004-2 / 760991

Legal form:                    Company limited by shares

Registration:                 23.06.2004

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Genève

History:                        Date of Statutes: 14.11.2011

                                    Date of Statutes: 09.11.2007

                                    Date of Statutes: 11.08.2004

                                    Date of Incorporation Statutes: 18.06.2004

 

Entry            Deleted   Name

23.06.2004                    MERCURIA ENERGY TRADING SA

 

Entry            Deleted   Legal domicile

23.06.2004                    Genève, Switzerland

 

Entry            Deleted   Address

17.12.2008                    Rue du Rhône 50, 1204 Genève/GE, Switzerland/CH

23.06.2004    17.12.2008  Place du Molard 4, 1200 Genève/GE, Switzerland/CH

 

Entry            Deleted   Capital

16.08.2004                    Share Capital CHF 2'000'000, paidup CHF 2'000'000

23.06.2004    16.08.2004  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry            Deleted   Capital Structure

16.08.2004                    2'000 Registered shares of CHF 1'000.--

23.06.2004    16.08.2004  100 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

21.11.2011                    Commerce et fourniture de toutes matières premières, notamment de pétrole brut, de produits dérivés du pétrole, de gaz naturel, d'électricité et de charbon, ainsi que le stockage, le transport et la distribution de tels produits ou matières premières, de même que toutes opérations portant sur des instruments financiers ou contrats liés à de tels produits ou matières premières, toutes activités et services y relatifs (cf. statuts pour but complet).

16.11.2007    21.11.2011  Commerce et fourniture de toutes matières premières, notamment de pétrole brut, de produits dérivés du pétrole, de gaz naturel, d'électricité et de charbon, ainsi que le stockage, le transport et la distribution de tels produits ou matières premières, de même que toutes opérations portant sur des instruments financiers ou contrats liés à de tels produits ou matières premières, toutes activités et services y relatifs.

23.06.2004    16.11.2007  Commerce et fourniture de pétrole brut, de produits dérivés du pétrole ainsi que stockage, transport et distribution de pétrole brut ou de tels produits de même que toutes opérations portant sur des instruments financiers ou contrats liés au pétrole brut ou à de tels produits, services et activités y relatifs.

 

Entry            Deleted   Remarks (original Language)

23.06.2004                    Publishing authority: Feuille Officielle Suisse du Commerce.

 

Official Administration

 

Title                                           Name

President                                    Daniel Jaeggi, Origin: Recherswil, Switzerland, Address: 1246 Corsier/GE, Switzerland, single signature, Registered since: 23.06.2004

Company Secretary                     François Sornay, Origin: France, Address: Genève, Switzerland, single signature, Registered since: 03.07.2007

Executive Director                       Jean-Baptiste Forichon, Origin: France, Address: 1200 Genève/GE, Switzerland, single signature, Registered since: 20.07.2009

Executive Director                       Jin Han, Origin: United Kingdom, Address: 1200 Genève/GE, Switzerland, single signature, Registered since: 20.07.2009

Executive Director                       Guillaume Leenhardt , Origin: France, Address: Paris, France, single signature, Registered since: 28.09.2011

Executive Director                       Alexander Potapushin , Origin: Russia, Address: 1200 Genève/GE, Switzerland, single signature, Registered since: 07.07.2010

Executive Director                       Guillaume Vermersch, Origin: France, Address: 1200 Genève/GE, Switzerland, single signature, Registered since: 23.06.2004

 

 

Management

 

Title                                           Name

Director                                      Patrick Prendergast , Origin: Ireland, Address: 1292 Pregny-Chambésy/GE, Switzerland, joint signature of two, Registered since: 08.09.2009

Director                                      Benjamin Pink , Origin: Préverenges, Switzerland, Address: Genève, Switzerland, joint signature of two, Registered since: 13.10.2011

Director                                      Pranav Swarup, Origin: Vernier, Switzerland, Address: 1200 Genève/GE, Switzerland, joint signature of two, Registered since: 25.11.2010

 

 

External Positions

 

Title                                           Name

Auditor                                       PricewaterhouseCoopers SA, Address: Genève, Switzerland, Registered since: 28.09.2011

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Daniel Jaeggi

 

 


Ultimate Parent Company

 

Name:                          Mercuria Energy Group Ltd

City/Country:                 Larnaca, Cyprus/CY

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Mercuria Energy Group Holding SA

City/Country:                 Genève, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 2007)

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.                            Amount CHF          Status

19.05.2011          2011                           0

19.05.2011          2010                           1                           7'658'604.-- Opposition filed

19.05.2011          2009                           0

19.05.2011          2008                           0

19.05.2011          2007                           0

19.05.2011          2006                           0

17.05.2010          2005                           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 good.

 

Payment experiences:   Financial obligations are paid promptly.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

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.