|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NOBLE RESOURCES SA |
|
|
|
|
Registered Office : |
Route de Ferney 207 1218 Le Grand-Saconnex/GE |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
18.07.2001 |
|
|
|
|
Com. Reg. No.: |
550.1.025.770-5 / 628735 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
Trading in products of agriculture, industry and energy. These include products such as coffee, cotton, sugar, fuel, coal and aluminum. |
|
|
|
|
No. of Employees : |
130 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
3.0% 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
safe-haven 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 1.9% in 2011 and 0.8%
in 2012. 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 is
considering 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
Noble Resources SA
Operating
address:
Route de Ferney
207 Branch:
1218 Le
Grand-Saconnex/GE Avenue
des Mousquines 4
Switzerland/CH 1005
Lausanne/VD
Switzerland/CH
Telephone: 022
5926800 021
3310890
Fax: 021
3310891
Web
site: http://www.thisisnoble.com
E-mail: noble@thisisnoble.com
VAT-No.: CHE109282756
Established: 2001
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialised wholesale trade
Import/Export: Import agency
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 130
The business activities includes trading in
products of agriculture, industry and energy. These include products such as coffee,
cotton, sugar, fuel, coal and aluminum.
Information on property ownership was not
available.
Company
No: 550.1.025.770-5 / 628735
Legal
form: Company limited by
shares
Registration: 18.07.2001
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
13.10.2011
Date of
Statutes: 14.12.2005
Date of
Statutes: 30.06.2005
Date of
Statutes: 18.06.2004
Date of
Statutes: 13.06.2003
Date of Incorporation
Statutes: 10.07.2001
Entry Deleted Name
18.07.2001 Noble
Resources SA
18.07.2001 Noble
Resources AG (Name translated)
18.07.2001 Noble
Resources Ltd (Name translated)
Entry Deleted Legal domicile
24.10.2011 Le
Grand-Saconnex, Switzerland
18.07.2001 24.10.2011 Lausanne, Switzerland
Entry Deleted Address
24.10.2011 Route
de Ferney 207, 1218 Le Grand-Saconnex/GE, Switzerland/CH
15.01.2004 24.10.2011 Avenue des Mousquines 4, 1000 Lausanne/VD,
Switzerland/CH
18.07.2001 15.01.2004 Avenue Juste-Olivier 2, 1000 Lausanne/VD,
Switzerland/CH
Entry Deleted Capital
22.12.2005 Share
Capital CHF 3'900'000, paidup CHF 3'900'000
Entry Deleted Capital Structure
22.12.2005 3'900
Registered shares with restricted transferability of CHF 1'000.--
Entry Deleted Activity (original Language)
19.06.2003 Négoce
de matières premières sous toute forme, principalement hors de Suisse, ainsi
qu'activités et services s'y rapportant.
18.07.2001 19.06.2003 Fourniture de services et d'assistance aux
sociétés de son groupe, actif dans le négoce international de matières
premières.
Entry Deleted Remarks (original Language)
22.06.2007 Merger:
Reprise des actifs et passifs de Granex SA, à Lausanne (CH-550-1028154-8),
selon contrat de fusion du 21 juin 2007 et bilan au 31 décembre 2006,
présentant des actifs de CHF 215'095'836, des passifs envers les tiers de CHF
221'473'208, soit un exédent de passifs de CHF 6'377'372. Conformément à
l'attestation d'un réviseur particulièrement qualifié, des créances d'un
montant au moins équivalent au découvert et au surendettement ont été
postposées.
22.12.2005 Contribution
in kind/Asset takeover: Selon contrat du 14 décembre 2005: 240 actions
nominatives de USD 0,01 de Noble Americas Corp., à Wilmington (USA), pour CHF
2'800'000; en contrepartie, il est remis 2'800 actions de CHF 1'000.
24.06.2004 Merger:
Selon contrat de fusion du 18 juin 2004 et bilan au 31 décembre 2003, la
société reprend à titre universel et sans liquidation, au sens de l'art. 748
CO, l'actif (CHF 86'240'174.28) et le passif (CHF 80'176'861.08), soit un actif
net de CHF 6'063'313.20, de la société Noble Cocoa SA à Lausanne; en
contrepartie, il est remis à l'actionnaire unique de la société absorbée 100
actions au porteur de CHF 1'000 de la société Noble Resources SA.
19.06.2003 Merger:
Selon contrat de fusion du 13 juin 2003 et bilan au 31 décembre 2002, la
société reprend à titre universel et sans liquidation, au sens de l'art. 748
CO, l'actif (CHF 9'022'441) et le passif (CHF 8'933'804), soit un actif net de
CHF 88'637, de la société Noble Coffee SA, à Lausanne. En contrepartie, il est
remis à l'actionnaire de Noble Coffee SA 39 actions au porteur de CHF 1'000 de
Noble Resources SA. Selon contrat de fusion du 13 juin 2003 et bilan au 31
décembre 2002, la société reprend à titre universel et sans liquidation, au
sens de l'art. 748 CO, l'actif (CHF 29'982'272) et le passif (CHF 29'897'087),
soit un actif net de CHF 85'185, de la société Noble Grain SA, à Lausanne. En
contrepartie, il est remis à l'actionnaire de Noble Grain SA 37 actions au
porteur de CHF 1'000 de Noble Resources SA. Selon contrat de fusion du 13 juin
2003 et bilan au 31 décembre 2002, la société reprend à titre universel et sans
liquidation, au sens de l'art. 748 CO, l'actif (CHF 14'059'403) et le passif
(CHF 13'543'224), soit un actif net de CHF 516'179, de la société Noble Sugar
SA, à Lausanne. En contrepartie, il est remis à l'actionnaire de Noble Sugar SA
224 actions au porteur de CHF 1'000 de Noble Resources SA. Le capital-actions
est porté de CHF 100'000 à CHF 400'000 par suite des trois fusions.
18.07.2001 Publishing
authority: Feuille officielle suisse du commerce.
Title Name
President Richard S.
Elman, Origin: Royaume-Uni, Switzerland, Residential address: Hong Kong, China,
joint signature of two
President Paul
Marland, Origin: United Kingdom, Residential address: Genève, Switzerland,
joint signature of two, Registered since: 12.09.2012
Chief
Executive Elliot
Spitz, Origin: United States of America, Residential address: 1000 Lausanne/VD,
Switzerland, joint signature of two
Director Mahesh
Manoharlal Asrani, Origin: Singapore, Residential address: Genève, Switzerland,
joint signature of two, Registered since: 12.09.2012
Director Wilhelmus
Diederik de Blank, Origin: Netherlands, Residential address: Hong-Kong, China,
joint signature of two, Registered since: 12.09.2012
Director Laurent
André Guerrero , Origin: France, Residential address: Saint-Légier-La Chiésaz,
Switzerland, joint signature of two, Registered since: 27.04.2012
Director Henri
Janne d'Othée, Origin: Belgium, Residential address: 1803 Chardonne/VD,
Switzerland, joint signature of two
Director Graham
Laird, Origin: Pully, Switzerland, Residential address: 1009 Pully/VD,
Switzerland, joint signature of two
Director Henry
Nizan, Origin: Cham, Switzerland, Residential address: 6300 Zug/ZG,
Switzerland, joint signature of two
Director Marcus
Seelbach, Origin: Germany, Residential address: Londres , United Kingdom, joint
signature of two
Director Thomas M. Silva
, Origin: United States of America, Residential address: 1000 Lausanne/VD,
Switzerland, joint signature of two, Registered since: 01.10.2009
Director Robert Jan
van der Zalm, Origin: Netherlands, Residential address: Hong-Kong, China, joint
signature of two, Registered since: 12.09.2012
Director Hinrik
Ingvar Carsten Vrieze , Origin: Netherlands, Residential address: Saint-Prex,
Switzerland, joint signature of two, Registered since: 27.04.2012
Title Name
Auditor Ernst
& Young SA, Residential address: Lausanne, Switzerland
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12
Currency: th.
USD th. USD th. USD
Balance Sheet
Intangible fixed
assets 832'997.0 359'523.0 41'496.0
Land and buildings 785'594.0 443'811.0 202'355.0
Other tangible
fixed assets 1'770'410.0 1'771'980.0 1'320'295.0
Tangible fixed
assets 2'556'004.0 2'215'791.0 1'522'650.0
Financial fixed
assets 262'944.0 1'137'717.0 227'665.0
other fixed assets 959'872.0 1'255'890.0 354'742.0
Fixed assets 4'611'817.0 4'968'921.0 2'146'553.0
Stocks 2'851'608.0 3'968'097.0 3'414'566.0
Trade accounts
receivable 2'705'734.0 2'061'274.0 1'140'571.0
Liquid assets 1'548'600.0 1'605'589.0 937'287.0
other trade
accounts 7'449'021.0 4'182'453.0 2'741'215.0
Accruals 663'519.0 551'215.0 274'830.0
Other current
assets 9'661'140.0 6'339'257.0 3'953'332.0
Current assets 15'218'482.0 12'368'628.0 8'508'469.0
Total assets 19'830'299.0 17'337'549.0 10'655'022.0
Capital 206'152.0 193'492.0 123'493.0
Other shareholders
funds 4'380'912.0 3'779'485.0 2'831'944.0
Total shareholders
equity 4'587'064.0 3'972'977.0 2'955'437.0
Minority interests 703'091.0 458'212.0 82'757.0
long term debt (financial
debts) 2'656'344.0 4'285'188.0 2'931'971.0
Other non current
liabilities 3'165'050.0 566'938.0 138'649.0
Non current
liabilities 5'821'394.0 4'852'126.0 3'070'620.0
short term debt
(financial debts) 655'318.0 1'839'091.0 609'168.0
Trade accounts
payable 3'664'200.0 2'432'337.0
other accounts
payable 8'063'432.0 2'550'943.0 1'504'703.0
other current
liabilities 8'063'432.0 2'550'943.0 1'504'703.0
Current
liabilities 8'718'750.0 8'054'234.0 4'546'208.0
Shareh. equity,
min. interests + liabilities 19'830'299.0 17'337'549.0 10'655'022.0
Profit and loss
account
Sales 80'732'072.0
Net sales 80'732'072.0 56'696'058.0 31'183'114.0
Other operating
revenue 118'297.0 99'013.0 132'958.0
Operating revenue 80'850'369.0 56'795'071.0 31'316'072.0
Cost of goods sold 79'251'873.0 55'063'992.0 30'078'068.0
Gross profit 1'598'496.0 1'731'079.0 1'238'004.0
Other operating
expenses 718'243.0 701'635.0 404'346.0
Operating result 880'253.0 1'029'444.0 833'658.0
Interest revenues 54'152.0 32'425.0
other financial
revenues 84'229.0 6'096.0 6'039.0
Financial income 84'229.0 60'248.0 38'464.0
Interest expenses 446'498.0 360'316.0 195'126.0
other financial
expenses 180'622.0 6'459.0 56'846.0
Financial expenses 627'120.0 366'775.0 251'972.0
Financial result -542'891.0 -306'527.0 -213'508.0
Result before
extraordinary items 337'362.0 722'917.0 620'150.0
Extraordinary
Result 0.0 0.0 0.0
Result before
taxes 337'362.0 722'917.0 620'150.0
Taxes 63'645.0 115'868.0 65'020.0
Result before
minority interests 273'717.0 607'049.0 555'130.0
minority interests 29'292.0 1'489.0 -880.0
Result for the
financial year 244'425.0 605'560.0 556'010.0
Cash flow
Depreciation 141'725.0 100'249.0 63'457.0
Cash flow 415'442.0 707'298.0 618'587.0
Cash flow from
operating activities 2'319'998.0 -1'343'414.0 -855'920.0
Investments in
tangible fixed assets 472'287.0 612'482.0 626'885.0
Cash flow from
investing activities -1'484'528.0 -1'235'262.0 -1'090'590.0
Cash flow from
financing activities -322'974.0 2'792'826.0 1'398'974.0
Others -120'527.0 31'549.0 -8'465.0
Change in
liquidity 391'969.0 245'699.0 -556'001.0
Liquidity at
beginning of the year 865'456.0 619'757.0 1'175'758.0
Liquidity at end
ot the year 1'257'425.0 865'456.0 619'757.0
Notes
Cost of employees 429'717.0 462'860.0 278'693.0
Added value 1'355'302.0 1'646'342.0 1'157'426.0
Working Capital 5'557'342.0 2'365'171.0 2'122'800.0
Sales per Employee 5'766.6 7'087.0 6'363.9
Gross cost land
and buildings 844'082.0 486'383.0 228'823.0
Gross cost other
tangible fixed assets 2'009'383.0 1'980'644.0 1'450'057.0
Gross cost total 2'853'465.0 2'467'027.0 1'678'880.0
Insurance value
total 0.0
Employees at year end 14'000 8'000 4'900
Name: Noble Group Limited
City/Country: Wanchai/Hong Kong Island, Hong
Kong/HK
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Noble Group Limited
City/Country: Wanchai/Hong Kong Island, Hong
Kong/HK
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Noble Chartering SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: NOBLE RESOURCES
INTERNATIONAL SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Control date Year No. Amount CHF Status
05.08.2011 2011 0
05.08.2011 2010 1 4'515'265.-- Legal actions
05.08.2011 2010 2 2'318'188.-- Opposition filed
05.08.2011 2009 2 4'430'820.-- Opposition filed
05.08.2011 2008 0
29.12.2010 2007 0
15.07.2009 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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.67 |
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.