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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
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Name : |
IMR METALLURGICAL RESOURCES AG |
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Registered Office : |
Dammstrasse 19 6300 Zug/ZG |
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Country : |
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Date of Incorporation : |
29.03.2004 |
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Com. Reg. No.: |
170.3.027.117-0 / 742021 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
The business activities includes international trade in raw materials for steel making with iron ore, coal, coke and iron alloys. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
IMR Metallurgical
Resources AG
Operating
address:
Dammstrasse 19
6300 Zug/ZG
Switzerland/CH
Telephone: 041
7232347
Fax: 041
7232350
Web
site: http://joehwg.globalimporter.net
VAT-No.: CHE110598195
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 8
The business activities includes
international trade in raw materials for steel making with iron ore, coal, coke
and iron alloys.
Information on property ownership was not
available.
Company
No: 170.3.027.117-0 /
742021
Legal
form: Company limited
by shares
Registration: 29.03.2004
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
23.12.2008
Date of
Statutes: 29.03.2004
Date of Incorporation
Statutes: 23.03.2004
Entry Deleted Name
29.03.2004 IMR
Metallurgical Resources AG
Entry Deleted Legal domicile
29.03.2004 Zug,
Switzerland
Entry Deleted Address
29.03.2004 Dammstrasse
19, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
29.03.2004 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
29.03.2004 10,000
Bearer shares of CHF 10,--
Entry Deleted Activity (original Language)
29.03.2004 Internationaler
Handel mit Rohstoffen zur Stahlherstellung, mit Eisenerz, Kohle, Koks und
Eisenlegierungen; kann sich an anderen Unternehmen beteiligen sowie Grundstücke
erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
16.01.2009 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Publikation im SHAB oder,
sofern die Namen und Adressen sämtlicher Aktionäre bekannt sind, durch
eingeschriebenen Brief.
29.03.2004 Publishing
authority: SHAB.
Title Name
President Hans-Rudolf Wild,
Origin: Richterswil, Switzerland, Residential address: 6300 Zug/ZG,
Switzerland, joint signature of two, Registered since: 29.03.2004
Chief
Executive Anirudh
Misra, Origin: United Kingdom, Residential address: Northgate, United Kingdom,
joint signature of two, Registered since: 29.03.2004
Director Erich A.
Kalt, Origin: Zug, Switzerland, Residential address: 6300 Zug/ZG, Switzerland,
joint signature of two, Registered since: 27.05.2005
Title Name
Auditor MOORE
STEPHENS ZUG AG, Residential address: Zug, Switzerland, Id: CH-170.3.032.113-3
Title Name
Chief
Executive Officer Hans-Rudolf
Wild
Name: IMR Holding AG
City/Country: Zug/ZG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: IMR Holding AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 05.01.2005)
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
04.10.2011 2011 0
04.10.2011 2010 0
04.10.2011 2009 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.
The Company has also offices in U.K.( 6TH
floor 49ST. James's street, London SW1A 1JT, tel:+44 207 409 0000), China( Room
1106, North Building, New World Center, 3B Chongwenmenwai Dajie, Beijing, tel:
+86 10 67089811), and India( 40/7 Ballygunge Circular Road Calcutta, tel: 91 33
2461 4480).
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: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
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|
1 |
Rs.91.82 |
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Euro |
1 |
Rs.78.23 |
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 |
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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.