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Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
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Name : |
URALKALI TRADING SA |
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Registered Office : |
Avenue des Morgines 12 1213 Petit-Lancy/GE
Switzerland/CH |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.11.2004 |
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Com. Reg. No.: |
660.1.840.004-4 / 772930 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees : |
15 |
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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 |
URALKALI TRADING
SA
Operating
address:
Avenue des
Morgines 12
1213
Petit-Lancy/GE
Switzerland/CH
Telephone: 022
8791060
Fax: 022
8791061
Web
site: http://www.uralkali.com
E-mail: info@uralkali-trading.com
WIN
Worldbox No.: CH0006491276
VAT-No.: CHE112090571
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 15
The business activities includes
international trade in chemical products, potassium chloride, potash
fertiliser, etc. The major markets are Brazil, India, China, Southeast Asia,
Russia, USA, and Europe.
Information on property ownership was not
available.
Company
No: 660.1.840.004-4 /
772930
Legal
form: Company limited
by shares
Registration: 04.11.2004
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Statutes:
25.06.2008
Date of
Statutes: 06.03.2008
Date of
Statutes: 23.12.2004
Date of
Incorporation Statutes: 26.10.2004
Entry Deleted Name
04.11.2004 Uralkali
Trading SA
Entry Deleted Legal domicile
03.01.2005 Lancy,
Switzerland
04.11.2004 03.01.2005 Genève, Switzerland
Entry Deleted Address
03.01.2005 Avenue
des Morgines 12, 1213 Lancy/GE, Switzerland/CH
04.11.2004 03.01.2005 rue de Contamines 16, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
27.06.2008 Share
Capital CHF 23,000,000, paidup CHF 23,000,000
Entry Deleted Capital Structure
27.06.2008 23,000
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
10.03.2008 Négoce
et transport de produits, notamment de fertilisant, études de marché, acquisition,
mise en valeur, exploitation et concession de brevets ou licences, prise de
participation dans toute société ou entreprise, à l'exclusion des sociétés
immobilières en Suisse; accorder des prêts et autres formes de financement à
d'autres sociétés du groupe (quel que soit le lien de parenté), ainsi
qu'accorder des garanties en faveur de sociétés pour toutes sortes
d'engagements (cf. statuts pour but complet).
04.11.2004 10.03.2008 Accorder des prêts et autres formes de
financement à d'autres sociétés du groupe (quel que soit le lien de parenté),
ainsi qu'accorder des garanties en faveur de sociétés pour toutes sortes
d'engagements (cf. statuts pour but complet).
Entry Deleted Remarks (original Language)
active Note:
L'identification sous le numéro CH-660-1840004-4 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-112.090.571.
10.03.2008 Reports:
Communication aux actionnaires: lettre recommandée ou télécopie.
04.11.2004 Publishing
authority: Feuille Officielle Suisse du Commerce.
Title Name
Director Beat
Spoerri, Origin: Thônex, Switzerland, Residential address: Thônex, Switzerland,
single signature, Registered since: 04.11.2004
Title Name
Director Serguei
Evstratov, Origin: Russia, Residential address: Genève/GE, Switzerland, single
signature, Registered since: 20.01.2011
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Genève, Switzerland, Registered since: 04.11.2004
JOINT STOCK
COMPANY URALKALI
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12
Currency: th.
USD th. USD th. RUB th. RUB
Balance Sheet
Intangible fixed
assets 7,794,454.0 7,421,733.0 508,000.0 504,000.0
Tangible fixed
assets 3,385,128.0 3,169,736.0 48,296,000.0 46,142,000.0
Financial fixed
assets 12,887.0 12,563.0 0.0 0.0
other fixed assets 140,849.0 82,273.0 486,000.0 702,000.0
Fixed assets 11,333,318.0 10,686,305.0 49,290,000.0 47,348,000.0
Stocks 242,167.0 243,603.0 3,515,000.0 3,481,000.0
Liquid assets 1,665,576.0 1,017,619.0 14,765,000.0 4,297,000.0
Current assets 2,957,719.0 1,980,962.0 25,516,000.0 15,280,000.0
Total assets 14,291,037.0 12,667,267.0 74,806,000.0 62,628,000.0
Total shareholders
equity 8,764,587.0 8,047,149.0 56,774,000.0 43,688,000.0
Minority interests 0.0 12,461.0 23,000.0 27,000.0
long term debt
(financial debts) 2,803,616.0 3,001,425.0 8,709,000.0 7,854,000.0
Provisions 122,479.0 75,205.0 282,000.0 260,000.0
Other non current
liabilities 1,110,447.0 807,945.0 1,154,000.0 923,000.0
Non current
liabilities 4,036,542.0 3,884,575.0 10,145,000.0 9,037,000.0
Current
liabilities 1,489,908.0 723,082.0 7,864,000.0 9,876,000.0
Shareh. equity,
min. interests + liabilities 14,291,037.0 12,667,267.0 74,806,000.0 62,628,000.0
Profit and loss
account
Net sales 3,949,793.0 3,495,889.0 51,592,000.0 33,809,000.0
Operating result 1,848,315.0 1,664,230.0 20,422,000.0 12,128,000.0
Result for the
financial year 2,064,949.0 1,184,032.0 16,650,000.0 9,089,000.0
Name: JOINT STOCK COMPANY
URALKALI
City/Country: BEREZNIKIY PERM REGION,
Russia/RU
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level
1
Name: JOINT STOCK COMPANY
URALKALI
City/Country: BEREZNIKIY PERM REGION,
Russia/RU
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no
investments.
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
appears to be good.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
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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.