|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
METAL CORP TRADING AG |
|
|
|
|
Registered Office : |
Chamerstrasse 12 A 6300 Zug/ZG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.02.2010 |
|
|
|
|
Com. Reg. No.: |
170.3.034.201-3 / 970422 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
10 |
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 |
|
Payment Behaviour : |
No Complaints |
|
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
Metal Corp Trading
AG
Operating
address:
Chamerstrasse 12 A
6300 Zug/ZG
Switzerland/CH
Telephone: 041
2492900
Fax: 041
2492909
Web
site: http://www.first-quantum.com
VAT-No.: CHE115397310
Established: 2010
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 10
The business activities includes trading in
commodities and metals.
Information on property ownership was not
available.
Company
No: 170.3.034.201-3 /
970422
Legal
form: Company limited
by shares
Registration: 01.02.2010
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
20.02.2012
Date of
Statutes: 22.06.2011
Date of
Incorporation Statutes: 26.01.2010
Entry Deleted Name
01.02.2010 Metal
Corp Trading AG
01.02.2010 Metal
Corp Trading Ltd (Name translated)
01.02.2010 Metal
Corp Trading SA (Name translated)
Entry Deleted Legal domicile
01.02.2010 Zug,
Switzerland
Entry Deleted Address
10.02.2011 Chamerstrasse
12A, 6300 Zug/ZG, Switzerland/CH
01.02.2010 10.02.2011 c/o RTH AG, Chamerstrasse 172, 6300 Zug/ZG,
Switzerland/CH
Entry Deleted Capital
01.02.2010 Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
01.02.2010 1'000'000
Registered shares with restricted transferability of CHF 1.--
Entry Deleted Activity (original Language)
01.02.2010 Die
Gesellschaft bezweckt, Expertise, Personal und Systeme für den Verkauf und das
Marketing von Rohstoffen zur Verfügung zu stellen; vollständige
Zweckumschreibung gemäss Statuten.
Entry Deleted Remarks (original Language)
01.02.2010 Publishing
authority: SHAB.
01.02.2010 Capital:
Die Gesellschaft verfügt über ein genehmigtes Kapital gemäss näherer
Umschreibung in den Statuten.
01.02.2010 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
01.02.2010 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Publikation im SHAB oder durch
Brief.
Title Name
President Bradley
Abkin, Origin: United Kingdom, Residential address: London , United Kingdom,
joint signature of two, Registered since: 10.06.2011
Vice-President Nikolaos (Nikola)
Bellofatto, Origin: Zürich, Switzerland, Residential address: 8165 Schleinikon,
Switzerland, joint signature of two, Registered since: 01.02.2010
Director Pinchas
Alfred Stefansky, Origin: Basel, Switzerland, Residential address: 8000 Zürich,
Switzerland, joint signature of two, Registered since: 15.11.2010
Title Name
Director Pinchas
Alfred Stefansky, Origin: Basel, Switzerland, Residential address: 8000 Zürich,
Switzerland, joint signature of two, Registered since: 15.11.2010
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland, Registered since: 01.02.2010
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010
Number of months: 12 12
Currency: mil.
USD mil. USD
Balance Sheet
Other tangible
fixed assets 3'824.4 2'730.9
Tangible fixed
assets 3'824.4 2'730.9
Financial fixed
assets 18.0 18.0
other fixed assets 81.5 29.2
Fixed assets 3'923.9 2'778.1
Stocks 649.9 390.9
Trade accounts
receivable 238.1 377.0
Liquid assets 452.1 1'344.9
other trade
accounts 34.0 67.0
Other current assets 486.1 1'411.9
Current assets 1'374.1 2'179.8
Total assets 5'298.0 4'957.9
Capital 1'950.6 1'486.5
Other shareholders
funds 1'724.4 1'275.2
Total shareholders
equity 3'675.0 2'761.7
Minority interests 492.9 377.8
long term debt
(financial debts) 14.8 20.2
Provisions 252.5 131.1
Other non current
liabilities 240.9 701.8
Non current
liabilities 508.2 853.1
short term debt
(financial debts) 48.1 140.8
Trade accounts
payable 273.4 362.2
Provisions 1.3 1.3
other accounts
payable 299.1 461.0
other current liabilities 300.4 462.3
Current
liabilities 621.9 965.3
Shareh. equity,
min. interests + liabilities 5'298.0 4'957.9
Profit and loss
account
Sales 2'583.5 2'393.2
Net sales 2'583.5 2'393.2
Other operating
revenue 7.3 1.8
Operating revenue 2'590.8 2'395.0
Cost of goods sold 1'275.5 1'181.5
Gross profit 1'315.3 1'213.5
Other operating
expenses 195.2 719.7
Operating result 1'120.1 493.8
other financial
revenues 5.3 517.0
Financial income 5.3 517.0
Interest expenses 9.9 24.8
Financial expenses 9.9 24.8
Financial result -4.6 492.2
Result before
extraordinary items 1'115.5 986.0
Result before
taxes 1'115.5 986.0
Taxes 460.7 611.2
Result before
minority interests 654.8 374.8
minority interests 125.9 69.0
Result for the
financial year 528.9 305.8
Cash flow
Depreciation 112.0 115.6
Cash flow 766.8 490.4
Cash flow from
operating activities 412.3 802.9
Investments in
tangible fixed assets 1'049.5 357.6
Cash flow from
investing activities -1'098.8 -225.6
Cash flow from
financing activities -206.3 -151.6
Change in
liquidity -892.8 425.7
Liquidity at
beginning of the year 1'344.9 919.2
Liquidity at end
ot the year 452.1 1'344.9
Notes
Added value 1'237.4 1'126.4
Working Capital 614.6 405.7
Gross cost other
tangible fixed assets 4'441.8 3'223.8
Gross cost total 4'441.8 3'223.8
Name: First Quantum Minerals
Ltd.
City/Country: Vancouver/British Columbia,
Canada/CA
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: First Quantum Minerals
Ltd.
City/Country: Vancouver/British Columbia,
Canada/CA
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.
First Quantum Minerals Ltd. is an
established and growing mining and metals company currently operating four
mines and developing projects worldwide. The Company's core strength is
discovering, developing and operating mines efficiently and cost-effectively.
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.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
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.