MIRA INFORM REPORT

 

 

Report Date :

05.03.2013

 

IDENTIFICATION DETAILS

 

Name :

IMR METALLURGICAL RESOURCES AG

 

 

Registered Office :

Dammstrasse 19, 6300 Zug/ZG

 

 

Country :

Switzerland

 

 

Date of Incorporation :

29.03.2004

 

 

Reg. No.:

170.3.027.117-0 / 742021

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

No. of Employees :

8

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Company Name

 

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

E-mail:              commercial@intlmet.com

 

WIN No.:           CH0006179274

VAT-No.:           CHE110598195

 

Profile

 

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

 

Operational Figures

 

Coverage:          Company

Figures:            approximately

Employees:       8

Sales:               CHF 10-20 Mio

 

Activity

 

The business activities includes international trade in raw materials for steel making with iron ore, coal, coke and iron alloys.

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

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.

 

 

Official Administration

 

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: Stanmore, United Kingdom, joint signature of two, Registered since: 29.03.2004

Director                                     Zhiguo Chen, Origin: China, Residential address: Beijing, China, joint signature of two, Registered since: 28.06.2006

Director                                     Erich A. Kalt, Origin: Zug, Switzerland, Residential address: 6300 Zug/ZG, Switzerland, joint signature of two, Registered since: 27.05.2005

 

 

External Positions

 

Title                 Name

Auditor              MOORE STEPHENS ZUG AG, Residential address: Zug, Switzerland

 

 

Executive board

 

Title                              Name

Chief Executive Officer   Hans-Rudolf Wild

 

 

Ultimate Parent Company

 

Name:               IMR Holding AG

City/Country:     Zug/ZG, Switzerland/CH

 

 

Owner/-s

 

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)

 

 

Investments

 

It is believed that the company has no investments.

 

 

 

Legal Actions

 

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.

 

 

Remarks

 

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).

 

 

Credit Information

 

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 difficult to assess.

 

Payment experiences:    There are no objections regarding the payment of financial obligations.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.05

UK Pound

1

Rs.82.74

Euro

1

Rs.71.61

 

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.