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Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GERALD METALS SA |
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|
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Registered Office : |
Rue de la Gare 29 1110 Morges/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
03.03.1976 |
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|
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Com. Reg. No.: |
550.0.106.800-6 / 68359 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Trading in metal products. |
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No. of Employees : |
25 |
RATING & COMMENTS
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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
Gerald metals SA
Operating
address:
Rue de la Gare 29
1110 Morges/VD
Switzerland/CH
Telephone: 021
8113300
Fax: 021
8113301
Web
site: https://www.gerald.com
VAT-No.: CHE107884163
Established: 1976
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: UBS Ltd
CS Credit
Suisse
Chase
Manhatten Bank Genève
Coverage: Company
Figures: approximately
Employees: 25
The business activities includes trading in
metal products.
Information on property ownership was not
available.
Company
No: 550.0.106.800-6 / 68359
Legal
form: Company limited
by shares
Registration: 03.03.1976
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
History: Date of Statutes:
03.11.1995
Date of
Incorporation Statutes: 27.02.1976
Date of
Statutes: 17.03.2011
Date of
Statutes: 11.03.2003
Entry Deleted Name
21.03.2011 Gerald
metals SA
21.03.2011 Gerald metals S.A.
Entry Deleted Legal domicile
13.03.2003 Morges,
Switzerland
13.03.2003 Renens (VD), Switzerland
Entry Deleted Address
13.03.2003 Rue
de la Gare 29, 1110 Morges/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 250'000, paidup CHF 250'000
Entry Deleted Capital Structure
active 250
Registered shares with restricted transferability of CHF 1'000.--
Entry Deleted Activity (original Language)
active Commerce
de matières premières, en particulier de minerais et métaux.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
Title Name
President Craig Dean,
Origin: Thônex, Switzerland, Residential address: Fairfield, United States of
America, joint signature of two, Registered since: 19.05.2011
Director Jean
Baudois, Origin: Morens, France, Residential address: Lonay, Switzerland, joint
signature of two
Director Nicolas
C. Ulmer, Origin: Steckborn, Switzerland, Residential address: Founex,
Switzerland, joint signature of two
Title Name
Member
with procuration Lucienne
Pittet, Origin: Villars-le-Terroir, Switzerland, Residential address: Crissier,
Switzerland, joint power of attorney of two, Registered since: 19.05.2011
Title Name
Auditor Deloitte
SA, Residential address: Lausanne, Switzerland
Name: Gerald metals Inc.
City/Country: Stamford, United States of
America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Gerald metals Inc.
City/Country: Stamford, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
29.02.2012 2012 0
29.02.2012 2011 0
29.02.2012 2010 0
29.02.2012 2009 0
29.02.2012 2008 0
04.01.2011 2007 0
04.01.2011 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: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.96 |
|
|
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
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.