|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ICC
HANDELS AG |
|
|
|
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Registered Office : |
Chamerstrasse
12c Postfach 6304 Zug |
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|
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Country : |
Switzerland |
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Date of Incorporation : |
19.03.1960 |
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Com. Reg. No.: |
170.3.002.067-1
/ 85412 |
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|
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Legal Form : |
Company
limited by shares |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees : |
4 |
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 |
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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 – 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 |
|
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 |
ICC Handels AG
Operating address:
Chamerstrasse 12c
Postfach
6304 Zug
Switzerland/CH
Telephone: 041
7118044
Fax: 041
7102243
Web site: http://www.iccchem.com
E-mail: switzerland@iccchem.com
VAT-No.: CHE106919244
Established: 1960
Line of Business: Consumer goods wholesale, Commercial services
Industry Division: Wholesale trade, Services
Industry-code (NACE): 4675 Wholesale of chemical
products
4676 Wholesale of other intermediate products
8299 Other business support service activities
n.e.c.
Import/Export: Import,
Export
Banks: CS
Credit Suisse
Coverage: Company
Employees: 4
The business activities
includes the sale of plastics, raw materials and chemicals, and services as a
European headquarters in the areas of administration and finance.
Information on
property ownership was not available.
Company No: 170.3.002.067-1
/ 85412
Legal form: Company
limited by shares
Registration: 19.03.1960
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date
of Statutes: 29.12.1972
Date
of Statutes: 04.11.2010
Date
of Statutes: 30.11.2009
Date
of Statutes: 13.08.1997
Entry Deleted Name
active ICC
Handels AG
active ICC
Trading Limited (Name translated)
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
active Chamerstrasse
12c, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
16.11.2010 1'000
Registered shares of CHF 1'000.--
16.11.2010 1'000 Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
20.08.1997 Handel
mit Kunststoffen, Rohmaterialien und Chemikalien, Beteiligung an ähnlichen
Unternehmen sowie Verwaltung von Vermögenswerten aller Art für eigene und
fremde Rechnung; kann Patente, Handelsmarken sowie technische und industrielle
Kenntnisse erwerben, verwalten und übertragen
20.08.1997 Handel mit Kunststoffen, Rohmaterialien und
Chemikalien; Errichtung von Zweigniederlassungen; Beteiligung in irgendwelcher
Form an ähnlichen Unternehmungen; Verwaltung von Vermögenswerten aller Art
Title Name
President John
J. Farber, Origin: United States of America, Residential address: New York,
United States of America, joint signature of two
Vice-President Dr.
Markus Berni, Origin: Vals, Switzerland, Residential address: 8702 Zollikon/ZH,
Switzerland, joint signature of two
Chief Executive Naveen
Chandra, Origin: United States of America, Residential address: Norwood ,
United States of America, joint signature of two, Registered since: 22.07.2010
Chief Executive James
R. Muller, Origin: United States of America, Residential address: Kings Park ,
United States of America, joint signature of two
Executive Director Blaise J. Sarcone, Origin: United States of
America, Residential address: Hauppauge, United States of America, joint signature
of two, Registered since: 06.06.2011
Title Name
Member with signing authority Eva Turi-Nagy, Origin: Zug, Switzerland,
Residential address: 6300 Zug/ZG, Switzerland, joint signature of two
Member with procuration Beate Michel, Origin: Kerns, Switzerland, Residential
address: 8915 Hausen am Albis/ZH, Switzerland, joint power of attorney of two,
Registered since: 16.01.2004
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zug, Switzerland
Title Name
Chief Executive Officer Dr. Markus Berni
Name: ICC
Industries Inc
City/Country: New
York, United States of America/US
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: ICC
Industries Inc
City/Country: New
York, United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Name: Primex
Plastics Corporation
City/Country: Richmond,
United States of America/US
Class: 100%
Name: ICC
Chemicals (UK) Ltd.
City/Country: Milton
Keynes, United Kingdom/GB
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: ICC
(Hong Kong) Ltd.
City/Country: Wanchai,
Hong Kong/HK
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: ICC
Industries B.V.
City/Country: Amsterdam,
Netherlands/NL
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: ICC
Italia S.r.l.
City/Country: Milano,
Italy/IT
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: ICC-Chemol
Kft.
City/Country: Budapest,
Hungary/HU
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Interlube
S.L.
City/Country: Madrid,
Spain/ES
Interest: 100.00%
voting right, 100.00% capital interest
Control date Year No. Amount CHF Status
23.02.2007 2007 0
23.02.2007 2006 0
23.02.2007 2005 0
23.02.2007 2004 0
23.02.2007 2003 0
23.02.2007 2002 0
23.02.2007 2001 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.
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.54.16 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.