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Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
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Name : |
LUDA COMMODITIES LIMITED, DUBLINO, SUCCURSALE DI LUGANO |
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Registered Office : |
Piazza Molino Nuovo 17 6900 Lugano |
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Country : |
Switzerland |
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Date of Incorporation : |
24.11.2009 |
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Com. Reg. No.: |
501.9.013.814-6 / 963179 |
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Legal Form : |
Branch of foreign company |
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Line of Business : |
The company is a trading enterprise of ferrous and non-ferrous materials, worldwide. |
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No. of Employees : |
9 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
LUDA COMMODITIES
LIMITED, Dublino, Succursale di Lugano
Operating
address:
Piazza Molino
Nuovo 17
6900 Lugano
Switzerland/CH
Telephone: 091
9703525
Fax: 091
9702824
Web
site: http://ludacommodities.ie
E-mail: info@ludacommodities.ch
VAT-No.: CHE115231773
Established: 2009
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
Coverage: Company
Employees: 9
The company is a trading enterprise of
ferrous and non-ferrous materials, worldwide.
Real
Estate: It is understood
that the company owns certain property.
Company
No: 501.9.013.814-6 /
963179
Legal
form: Branch of foreign
company
Registration: 24.11.2009
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
Entry Deleted Name
24.11.2009 LUDA
COMMODITIES LIMITED, Dublino, Succursale di Lugano
Entry Deleted Legal domicile
24.11.2009 Lugano,
Switzerland
Entry Deleted Address
25.01.2010 Piazza
Molino Nuovo 14, 6900 Lugano/TI, Switzerland/CH
24.11.2009 25.01.2010 Via Pretorio, 6901 Lugano/TI, Switzerland/CH
Entry Deleted Activity (original Language)
24.11.2009 La
commercializzazione in ogni sua forma di materiali non ferrosi, ferroleghe e
ferro, come pure la ricerca e la logistica.
Entry Deleted Remarks (original Language)
24.11.2009 Headquarter:
Dublino (IE).
24.11.2009 Headquarter
company: LUDA COMMODITIES LIMITED.
24.11.2009 Headquarter
legal form: Company limited by shares.
24.11.2009 Headquarter
capital: Capitale autorizzato: EUR 1'000'000.--. Capitale emesso e liberato:
EUR 50'000.--suddiviso in 50'000 azioni da EUR 1.--.
24.11.2009 Headquarter
register: Iscrizione nel RC della sede principale: Iscritta il 23.09.2008 al
Registrar of Companies di Dublino.
24.11.2009 Headquarter
register number: Numero di identificazione della sede principale: Nr. 462445.
Title Name
Branch
Office Manager Todor
Vlajcic, Origin: Germany, Residential address: Ruvigliana (Lugano)/TI,
Switzerland, single signature, Registered since: 07.06.2010
Title Name
Chief
Executive Officer Todor
Vlajcic (vlajcic@ludacommodities.ch)
WIN: IE0000023645
Name: LUDA COMMODITIES
LIMITED
City/Country: Dublin, Ireland/IE
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
13.08.2012 2012 1 72'722.-- Opposition filed
31.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 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 in order.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.45 |
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1 |
Rs.87.98 |
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Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.