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Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
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Name : |
COMCORE AG |
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Registered Office : |
C/o Treuhand Accola +Co Neuengasse 43 3011 Bern/BE |
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Country : |
Switzerland |
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Date of Incorporation : |
12.10.1983 |
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Com. Reg. No.: |
035.3.000.630-1 / 162533 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of metals and metal ores |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
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 – 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 |
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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
Comcore AG
Operating
address:
c/o Treuhand
Accola +Co
Neuengasse 43
3011 Bern/BE
Switzerland/CH
Telephone: 031
5604188
Web
site: http://www.comcore.ch
VAT-No.: CHE105880639
Established: 1983
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
4671 Wholesale of solid, liquid and gaseous
fuels and related products
4675 Wholesale of chemical products
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 10
The business activities includes
international trading of commodities. The company is specialised in sourcing,
trading, transporting, and supplying metals and minerals, petroleum products,
petrochemicals as well as plastics. With offices in London, Beijing and Vienna,
as well as representation in Mexico and India, Comcore is able to cover a
variety of markets in numerous time zones.
Information on property ownership was not
available.
Company
No: 035.3.000.630-1 /
162533
Legal
form: Company limited
by shares
Registration: 12.10.1983
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Bern
History: Date of Statutes:
13.05.1987
Date of
Incorporation Statutes: 28.07.1983
Date of Statutes:
07.06.2010
Date of
Statutes: 15.12.2009
Date of
Statutes: 24.11.2008
Date of
Statutes: 14.11.2005
Entry Deleted Name
11.06.2010 Comcore
AG
11.06.2010 Comcore
Ltd. (Name translated)
15.11.2005 Kurt Schindler AG
15.11.2005 Kurt Schindler SA (Name translated)
15.11.2005 Kurt Schindler Ltd (Name translated)
15.11.2005 11.06.2010 Kurt Schindler Management AG
Entry Deleted Legal domicile
04.01.2010 Bern,
Switzerland
04.01.2010 Muri bei Bern, Switzerland
Entry Deleted Address
11.06.2010 c/o
Treuhand Accola + Co., Neuengasse 43,
3011 Bern/BE, Switzerland/CH
04.01.2010 Ammannstrasse 3, 3074 Muri bei Bern,
Switzerland/CH
04.01.2010 11.06.2010 Seftigenstrasse 2, 3007 Bern/BE,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 50'000, paidup CHF 50'000
Entry Deleted Capital Structure
11.06.2010 500
Registered shares of CHF 100.--
11.06.2010 50 Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
11.06.2010 Zweck
der Gesellschaft ist die Beteiligung an in- und ausländischen
Minengesellschaften sowie das Erbringen von Dienstleistungen auf den Sektoren
des Handels mit Rohstoffen und Gütern des Primärsektors. Die Gesellschaft kann
Zweigniederlassungen errichten, Treuhandgeschäfte und Finanzierungen im In- und
Ausland tätigen, sich an andern Unternehmungen des In- und Auslandes
beteiligen, gleichartige oder verwandte Unternehmen erwerben oder sich mit
solchen zusammenschliessen, Grundstücke erwerben oder weiterveräussern sowie
alle Geschäfte eingehen und Verträge abschliessen, die geeignet sind, den Zweck
der Gesellschaft zu fördern oder die direkt oder indirekt damit im Zusammenhang
stehen.
02.12.2008 11.06.2010 Zweck der Gesellschaft ist die Verwaltung von
Vermögenswerten aller Art und die Erbringung von Beratungsdienstleistungen. Die
Gesellschaft kann Zweigniederlassungen errichten, sich an andern Unternehmungen
des In- und Auslandes beteiligen, gleichartige oder verwandte Unternehmen
erwerben oder sich mit solchen zusammenschliessen, Grundstücke erwerben oder
weiterveräussern sowie alle Geschäfte eingehen und Verträge abschliessen, die
geeignet sind, den Zweck der Gesellschaft zu fördern, oder die direkt oder
indirekt damit im Zusammenhang stehen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
02.12.2008 Reports:
Mitteilungen an die Aktionäre: durch gewöhnlichen Brief oder E-Mail.
02.12.2008 Audit:
Gemäss Erklärung des Verwaltungsrates vom 24.11.2008 untersteht die
Gesellschaft keiner ordentlichen Revision und verzichtet auf eine
eingeschränkte Revision.
29.06.2006 Merger:
Übernahme der Aktiven und Passiven der Selectiv AG, in Muri bei Bern
(CH-035.3.008.987-3), gemäss Fusionsvertrag vom 13.06.2006 und Bilanz per
31.12.2005. Aktiven von CHF 190'738.80 und Fremdkapital von CHF 24'071.30 gehen
auf die übernehmende Gesellschaft über. Da derselbe Aktionär sämtliche Aktien
der an der Fusion beteiligten Gesellschaften hält, findet weder eine
Kapitalerhöhung noch eine Aktienzuteilung statt.
29.06.2006 Merger:
Übernahme der Aktiven und Passiven der Kurt Schindler AG Basel, in Basel
(CH-270.3.004.682-6), gemäss Fusionsvertrag vom 13.06.2006 und Bilanz per
31.12.2005. Aktiven von CHF 347'995.62 und Fremdkapital von CHF 2'560.-- gehen
auf die übernehmende Gesellschaft über. Da die übernehmende Gesellschaft
sämtliche Aktien der übertragenden Gesellschaft hält, findet weder eine
Kapitalerhöhung noch eine Aktienzuteilung statt.
15.11.2005 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
04.01.2010 11.06.2010 Adress: Postfach 333, 3000 Bern 14.
Entry Deleted Branches
16.12.2005 Nansenstrasse 16, 8050 Zürich, ZH,
Switzerland/CH
22.01.2001 , St. Gallen, SG, Switzerland/CH
Title Name
Director Dr. Jörg Otzen,
Origin: Germany, Residential address: 1801 Le Mont-Pèlerin/VD, Switzerland,
single signature, Registered since: 11.06.2010
Title Name
Chief
Executive Officer Dr. Jörg
Otzen
Owner: The company is
privately owned.
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.
Debt collection case:
SEP 2012: CHF 90.00.
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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.87.50 |
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Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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.