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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
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Name : |
TRANSAMINE TRADING SA |
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Registered Office : |
Rue Ferdinand-Hodler 23, 1207 Genève |
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Country : |
Switzerland |
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Date of Incorporation : |
31.08.2006 |
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Com. Reg. No.: |
660.1.997.006-9 / 846837 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trading in commodities, specializing in non-ferrous
raw materials |
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No. of Employees : |
10 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
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 |
Transamine Trading SA
Rue Ferdinand-Hodler 23
1207 Genève
Switzerland/CH
Telephone: 022
7700000
Fax: 022
7700019
Web site: http://www.transamine-trading.com
E-mail: transamine@transamine-trading.com
CHE113083763
Established: 2006
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of
metals and metal ores
Import/Export: Import,
Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 10
Sales: CHF
1-2 Mio
The business activities
includes trading in commodities, specializing in non-ferrous raw materials. Products:
Copper, Silver, Gold, Lead, Zinc, Tin, Nickel and Cobalt.
Information on property
ownership was not available.
Company No: 660.1.997.006-9
/ 846837
Legal form: Company
limited by shares
Registration: 31.08.2006
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 17.01.2008
Date
of Incorporation Statutes: 29.08.2006
Entry Deleted Name
31.08.2006 Transamine
Trading SA
Entry Deleted Legal domicile
31.08.2006 Genève,
Switzerland
Entry Deleted Address
23.01.2008 Ferdinand-Hodler
23, 1207 Genève/GE, Switzerland/CH
Entry Deleted Capital
23.01.2008 Share
Capital CHF 10'000'000, paidup CHF 10'000'000
Entry Deleted Capital Structure
23.01.2008 10'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
31.08.2006 Négoce
international de métaux, notamment de minerais, concentrés et autres dérivés en
provenance et à destination de tous pays.
Entry Deleted Remarks (original Language)
23.01.2008 Reports:
Communication aux actionnaires: lettre recommandée ou télécopie.
31.08.2006 Publishing
authority: Feuille Officielle Suisse du Commerce.
Title Name
President Alexandre
Montavon, Origin: Boécourt, Switzerland, Residential address: Genève/GE,
Switzerland, single signature
Executive Director Jean-Pierre Adamian, Origin: France,
Residential address: Chêne-Bougeries, Switzerland, single signature
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Genève, Switzerland
Owner: The company is
privately owned.
Class: 10-19%
Name: Terramin
Australia Limited
City/Country: Adelaide,
Australia/AU
Interest: 10.40%
voting right, 10.40% capital interest
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 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.55.44 |
|
UK Pound |
1 |
Rs.89.31 |
|
Euro |
1 |
Rs.71.62 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.