MIRA INFORM REPORT

 

 

Report Date :

30.05.2012

 

IDENTIFICATION DETAILS

 

Name :

AMMONIA CASALE SA

 

 

Registered Office :

Via Giulio Pocobelli 6 6900 Lugano

 

 

Country :

Switzerland

 

 

Year of Establishment :

1923

 

 

Com. Reg. No.:

514.3.013.623-3 / 422737

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Engineering activities and related technical consultancy

 

 

No. of Employees :

50-79

 

 

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 :

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 and address

 

Ammonia Casale SA

 

Operating address:

Via Giulio Pocobelli 6

6900 Lugano

Switzerland/CH

 

Telephone:                    091 6419200

Fax:                             091 6419291

 

Web site:                      http://www.casale.ch

E-mail:                         ammonia@casale.ch

 

VAT-No.:                      CHE107913273

 

 

Profile

 

Established:                  1923

Line of Business:           Consulting/Auditing, Engineering/Architecture

Industry Division:           Services

Industry-code (NACE):   7022       Business and other management consultancy activities

                                    7112       Engineering activities and related technical consultancy

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  50-79

 

 

Activity

 

The company is active in the field of synthetic ammonia production, especially in the construction of new plants; to date over 200 such plants have been built worldwide.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                514.3.013.623-3 / 422737

Legal form:                    Company limited by shares

Registration:                 27.02.1998

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

History:                        Date of Incorporation Statutes: 11.02.1998

 

Entry          Deleted      Name

27.02.1998                    Ammonia Casale SA

 

Entry          Deleted      Legal domicile

27.02.1998                    Lugano, Switzerland

 

Entry          Deleted      Address

19.12.2003                    Via Pocobelli 6, 6900 Lugano/TI, Switzerland/CH

27.02.1998  19.12.2003  Via Sorengo 7, 6900 Lugano/TI, Switzerland/CH

 

Entry          Deleted      Capital

27.02.1998                    Share Capital CHF 3'000'000, paidup CHF 3'000'000

 

Entry          Deleted      Capital Structure

27.02.1998                    30'000 Bearer shares of CHF 100.--

 

Entry          Deleted      Activity (original Language)

27.02.1998                    L'acquisto, lo sfruttamento e la difesa dei brevetti Casale, presenti e futuri, per la produzione dell'ammoniaca sintetica e della miscela idrogeno-azoto come da procedimento Casale; l'ottenimento, l'acquisto e lo sfruttamento di altri brevetti nel campo della chimica industriale; la conclusione di affari relativi a fertilizzanti, a prodotti e materie interessanti l'agricoltura, sia in forma più larga, relativi a prodotti chimici in generale. Può partecipare ad ogni tipo di impresa.

 

Entry          Deleted      Remarks (original Language)

27.02.1998                    Publishing authority: FUSC.

27.02.1998                    Contribution in kind/Asset takeover: Alla società vengono apportati parte degli attivi per CHF 52'180'127.16 e parte dei passivi per CHF 49'180'127.16 della "Ammonia Casale Società Anonima", in Lugano (ora Casale Holding SA). Attivo netto: CHF 3'000'000.-- interamente computato sul capitale azionario contro rimessa all'Ammonia Casale Società Anonima (ora Casale Holding SA) di 30'000 azioni al portatore da CHF 100.--. Contratto di apporto: 09.01.1998. Bilancio di ripresa: 30.09.1997.

27.02.1998                    Reports: Comunicazioni e convocazioni agli azionisti, se noti, per lettera raccomandata.

 

 

Official Administration

 

Title                                           Name

President                                    Valeria Galli Butti, Origin: Massagno, Vacallo, Switzerland, Address: 6900 Lugano/TI, Switzerland, joint signature of two, Registered since: 27.02.1998

Vice-President                             Giuseppe Guarino, Origin: Cadro, Switzerland, Address: 6965 Cadro/TI, Switzerland, joint signature of two, Registered since: 13.03.1998

Chief Executive                            Ing. Umberto Zardi, Origin: Breganzona, Switzerland, Address: Breganzona, Switzerland, joint signature of two, Registered since: 27.02.1998

Executive Director                        Federico Zardi, Origin: Lugano, Switzerland, Address: 6932 Breganzona /TI, Switzerland, joint signature of two, Registered since: 13.03.1998

Executive Director                        Michele Menaballi, Origin: Mendrisio, Switzerland, Address: 6932 Breganzona /TI, Switzerland, joint signature of two, Registered since: 11.06.2010

 

 

Management

 

Title                                           Name

General Director                          Giuseppe Guarino, Origin: Cadro, Switzerland, Address: 6965 Cadro/TI, Switzerland, joint signature of two, Registered since: 13.03.1998

Director                                       Luc Paul Maurice Nicold, Origin: Assens, Switzerland, Address: 6924 Sorengo/TI, Switzerland, joint signature of two, with a Director, Registered since: 21.04.2010

Director                                       Mauro De Maria, Origin: Italy, Address: Grandola ed Uniti, Italy, joint signature of two, with a Director, Registered since: 13.03.1998

Vice-Director                               Federico Zardi, Origin: Lugano, Switzerland, Address: 6932 Breganzona /TI, Switzerland, joint signature of two, Registered since: 13.03.1998

 

 

External Positions

 

Title                                           Name

Auditor                                        Interfida Revisioni e Consulenze SA, Address: Mendrisio, Switzerland, Registered since: 27.02.1998

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Mauro De Maria

 

 

Ultimate Parent Company

 

Name:                          Casale Holding SA

City/Country:                 Lugano, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Casale Holding SA

City/Country:                 Lugano, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Casale Chemicals SA

City/Country:                 Lugano, Switzerland/CH

 

Name:                          CASALE IMMOBILIARE SA

City/Country:                 Lugano, Switzerland/CH

 

Name:                          Methanol Casale SA

City/Country:                 Lugano, Switzerland/CH

 

Name:                          Urea Casale SA

City/Country:                 Lugano, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

05.09.2005          2005                           0

05.09.2005          2004                           0

05.09.2005          2003                           0

05.09.2005          2002                           0

29.07.2002          2001                           0

29.07.2002          2000                           1                         12'368.-- Opposition filed

 

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 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.55.58

UK Pound

1

Rs.87.14

Euro

1

Rs.69.73

 

 

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.