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Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
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Name : |
METINVEST INTERNATIONAL SA |
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Registered Office : |
Rue Vallin 2, 1201 Genève/GE |
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Country : |
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Date of Incorporation : |
04.04.1997 |
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Com. Reg. No.: |
660.0.629.997-0 / 397853 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is an
international steel and raw materials trader |
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No. of Employees : |
150-249 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Switzerland - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low
unemployment, a highly skilled labor force, and a per capita GDP among the
highest in the world. Switzerland's economy benefits from a highly developed
service sector, led by financial services, and a manufacturing industry that
specializes in high-technology, knowledge-based production. Its economic and
political stability, transparent legal system, exceptional infrastructure,
efficient capital markets, and low corporate tax rates also make Switzerland
one of the world's most competitive economies. The Swiss have brought their
economic practices largely into conformity with the EU's, to enhance their
international competitiveness, but some trade protectionism remains,
particularly for its small agricultural sector. The fate of the Swiss economy
is tightly linked to that of its neighbors in the euro zone, which purchases
half of all Swiss exports. The global financial crisis of 2008 and resulting
economic downturn in 2009 stalled export demand and put Switzerland in a
recession. The Swiss National Bank (SNB) during this period effectively
implemented a zero-interest rate policy to boost the economy as well as prevent
appreciation of the franc, and Switzerland's economy recovered in 2010 with
2.7% growth. The sovereign debt crises currently unfolding in neighboring
euro-zone countries pose a significant risk to Switzerland's financial
stability and are driving up demand for the Swiss franc by investors seeking a
safehaven currency. The independent SNB has upheld its zero-interest rate
policy and conducted major market interventions to prevent further appreciation
of the Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell to 2.1% in 2011.
Switzerland has also come under increasing pressure from individual neighboring
countries, the EU, the US, and international institutions to reform its banking
secrecy laws. Consequently, the government agreed to conform to OECD
regulations on administrative assistance in tax matters, including tax evasion.
The government has renegotiated its double taxation agreements with numerous
countries, including the US, to incorporate the OECD standard, and in 2011 it
reached deals with Germany and the UK to resolve outstanding issues,
particularly the possibility of imposing taxes on bank deposits held by
foreigners. These steps will have a lasting impact on Switzerland's long
history of bank secrecy.
|
Source : CIA |
Metinvest International SA
Rue Vallin 2
1201 Genève/GE
Switzerland/CH
Telephone: 022
9061828
Fax: 022
9061829
Web site: http://www.metinvest-international.com
E-mail: switzerland@metinvest-international.com
VAT-No.: CHE108591775
Established: 1997
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: Import,
export agency
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 150-249
Sales: USD
6-8 Bil
The Company is an
international steel and raw materials trader. Today their regional offices are
covering major global steel markets.
Information on property
ownership was not available.
Company No: 660.0.629.997-0
/ 397853
Legal form: Company
limited by shares
Registration: 04.04.1997
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 27.07.2010
Date
of Statutes: 04.12.2007
Date
of Statutes: 18.01.2006
Date
of Statutes: 25.07.2002
Date
of Statutes: 14.08.1997
Date
of Incorporation Statutes: 02.04.1997
Entry Deleted Name
06.12.2007 Metinvest
International SA
04.04.1997 06.12.2007 Leman Commodities SA
Entry Deleted Legal domicile
04.04.1997 Genève,
Switzerland
Entry Deleted Address
23.03.2006 Rue
Vallin 2, 1200 Genève/GE, Switzerland/CH
24.07.1997 23.03.2006 Quai du Mont-Blanc 3, 1200 Genève/GE,
Switzerland/CH
04.04.1997 24.07.1997 c/o Berney Conseil SA, rue du Nant 8, 1200
Genève/GE, Switzerland/CH
Entry Deleted Capital
23.01.2006 Share
Capital CHF 50'000'000, paidup CHF 50'000'000
29.07.2002 23.01.2006 Share Capital CHF 7'500'000, paidup CHF
7'500'000
04.04.1997 29.07.2002 Share Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
23.01.2006 50'000
Registered shares of CHF 1'000.--
29.07.2002 23.01.2006 7'500 Registered shares of CHF 1'000.--
21.08.1997 29.07.2002 100 Registered shares of CHF 1'000.--
04.04.1997 21.08.1997 100 Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
06.12.2007 Commerce
de matières premières, de matériaux finis et semi-finis; affaires commerciales,
financières, mobilières se rapportant à son objet; garantir ou octroyer des
prêts à ses actionnaires et à des tiers.
04.04.1997 06.12.2007 Commerce des matières premières.
Entry Deleted Remarks (original Language)
06.08.2010 Reports:
Communication aux actionnaires: Feuille Officielle Suisse du Commerce ou par
écrit (lettre, téléfax ou courrier électronique).
04.04.1997 Publishing
authority: FOSC.
04.04.1997 Board
of directors: Un ou plusieurs membres.
Title Name
President Mar'yan
Maksymovych, Origin: Ukraine, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 07.01.2008
Executive Director Raymond Liefooghe, Origin: Genève,
Switzerland, Residential address: 1200 Genève/GE, Switzerland, single
signature, Registered since: 12.09.2007
Executive Director Sergiy Novikov, Origin: Ukraine, Residential
address: Donetsk, Ukraine, without signature, Registered since: 23.01.2007
Executive Director Joseph Riedweg, Origin: Genève, Switzerland,
Residential address: 1232 Confignon/GE, Switzerland, single signature,
Registered since: 22.06.2005
Title Name
Member with procuration Jozef Cizmar, Origin: Slovakia, Residential address:
1200 Genève/GE, Switzerland, joint power of attorney of two, Registered since:
04.03.2009
Member with procuration Paiva Cristina Da Silva Esteves, Origin: Portugal,
Residential address: Arzier, Switzerland, joint power of attorney of two,
Registered since: 19.12.2011
Member with procuration Lasma Osina, Origin: Latvia, Residential address: 1182
Gilly/VD, Switzerland, joint power of attorney of two, Registered since:
07.01.2008
Member with procuration Vadim Pron , Origin: Ukraine, Residential address: 1200
Genève/GE, Switzerland, joint power of attorney of two, Registered since:
07.10.2009
Member with procuration Patrick Zingrich , Origin: Saxeten, Switzerland,
Residential address: Chexbres, Switzerland, joint power of attorney of two,
Registered since: 19.12.2011
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Genève, Switzerland
Title Name
Chief Executive Officer Mar'yan Maksymovych
Name: JSC
System Capital Management (SCM)
City/Country: Donetsk,
Ukraine/UA
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Metinvest
BV
City/Country: The
Hague, Netherlands/NL
Interest: 100.00%
voting right, 100.00% capital interest (since 2005)
It is believed that the
company has no investments.
Control date Year No. Amount CHF Status
09.01.2012 2012 0
09.01.2012 2011 0
09.01.2012 2010 0
09.01.2012 2009 0
24.10.2006 2006 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.
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 good.
Payment experiences: Payment habits are considered good.
Business development: The business trend is considered to be improving.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.78 |
|
UK Pound |
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.