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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
NOBLE RESOURCES INTERNATIONAL SA |
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|
|
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Registered Office : |
Route de Ferney
207 1218 Le Grand-Saconnex/GE |
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|
|
|
Country : |
Switzerland |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
29.07.2011 |
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|
|
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Com. Reg. No.: |
660.2.142.011-7 / 1028720 |
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|
|
|
Legal Form : |
Company limited by shares |
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|
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Line of Business : |
Trading in products of agriculture, industry and energy |
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|
|
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No. of Employees : |
23 |
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 |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
NOBLE
RESOURCES INTERNATIONAL SA
Operating
address:
Route de Ferney
207
1218 Le
Grand-Saconnex/GE
Switzerland/CH
Telephone: 022 5926800
Fax: 021 3310891
Web site: http://www.thisisnoble.com
E-mail: noble@thisisnoble.com
CHE153722552
Established: 2011
Line of Business: Trade brokers
Industry Division: Wholesale trade
Industry-code (NACE): 4611 Agents involved
in the sale of agricultural raw materials, live animals, textile raw materials
and semi-finished goods
Import/Export: Import, export agency
Banks: unknown
Coverage: Company
Employees: 23
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: 660.2.142.011-7
/ 1028720
Legal form: Company
limited by shares
Registration: 29.07.2011
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 05.10.2011
Date of Incorporation Statutes: 27.07.2011
Entry Deleted Name
29.07.2011 NOBLE
RESOURCES INTERNATIONAL SA
Entry Deleted Legal domicile
18.10.2011 Le
Grand-Saconnex, Switzerland
29.07.2011 18.10.2011 Genève, Switzerland
Entry Deleted Address
18.10.2011 Route
de Ferney 207, 1218 Le Grand-Saconnex/GE, Switzerland/CH
29.07.2011 18.10.2011 c/o TMF Services SA, Rue de Hesse 16, 1204
Genève/GE, Switzerland/CH
Entry Deleted Capital
29.07.2011 Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
29.07.2011 100
Registered shares with restricted transferability of CHF 1'000.--
Entry Deleted Activity (original Language)
29.07.2011 Commerce
de matières premières sous toutes ses formes, principalement hors Suisse;
toutes activités et services y relatifs (cf. statuts pour but complet).
Entry Deleted Remarks (original Language)
29.07.2011 Publishing
authority: Feuille Officielle Suisse du Commerce.
29.07.2011 Reports:
Communication aux actionnaires: lettre recommandée.
29.07.2011 Audit:
Selon déclaration du 27.07.2011, il est renoncé à un contrôle restreint.
Title Name
President Hinrik
Ingvar Vrieze, Origin: Netherlands, Residential address: Saint-Prex, Switzerland,
single signature, Registered since: 18.10.2011
Director Wilhelmus
Diederik de Blank, Origin: Netherlands, Residential address: Hong-Kong, China,
joint signature of two, Registered since: 12.09.2012
Director Graham
Edward Laird, Origin: Pully, Switzerland, Residential address: Pully,
Switzerland, joint signature of two, Registered since: 12.09.2012
Director Asrani
Mahesh Manoharlal, Origin: Singapour, Singapore, Residential address:
Singapour, Singapore, joint signature of two, Registered since: 12.09.2012
Director Jaime
Omar Teke Sandoval, Origin: France, Residential address: Gif-sur-Yvette,
France, joint signature of two, Registered since: 18.10.2011
Director Robert
Jan van der Zalm, Origin: Netherlands, Residential address: Hong-Kong, China, joint
signature of two, Registered since: 12.09.2012
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 Resources SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Name: Noble Chartering SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
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 is considered to be good.
Payment experiences: Financial obligations are met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.