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Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
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Name : |
BULK TRADING SA |
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Registered Office : |
Piazza Molino Nuovo 17, 6900 Lugano/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
07.06.1994 |
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Com. Reg. No.: |
514.3.007.372-0 / 337239 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the international trade with raw materials
within the hydro-electricity, natural gas, carbon fuels, fuel grade petroleum
coke, steam coal and anthracite. |
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No. of Employees : |
24 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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Litigation : |
--- |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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
Bulk Trading SA
Piazza Molino Nuovo 17
6900 Lugano/TI
Switzerland/CH
Telephone: 091
6115130
Fax: 091
6115137
Web
site: http://www.bulktrading.ch
E-mail: info@bulktrading.ch
VAT-No.: CHE107614327
Established: 1994
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4671 Wholesale of solid, liquid and gaseous
fuels and related products
Import/Export: Import, Export
Banks: unknown
Organisation
level: Ultimate Parent
Coverage: Company
Figures: approximately
Employees: 24
The company is engaged in the international trade with raw materials
within the hydro-electricity, natural gas, carbon fuels, fuel grade petroleum
coke, steam coal and anthracite.
Real Estate: The
company owns no property.
Company
No: 514.3.007.372-0 /
337239
Legal
form: Company limited
by shares
Registration: 07.06.1994
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
15.12.1994
Date of
Incorporation Statutes: 24.05.1994
Date of
Statutes: 20.11.2012
Date of
Statutes: 20.11.2012
Date of
Statutes: 29.01.2007
Date of
Statutes: 22.06.2006
Date of Statutes:
30.06.2005
Date of
Statutes: 13.07.2005
Date of
Statutes: 15.03.2002
Date of
Statutes: 30.01.1997
Entry Deleted Name
active Bulk
Trading SA
Entry Deleted Legal domicile
30.01.2007 Lugano,
Switzerland
10.02.1997 30.01.2007 Manno, Switzerland
Entry Deleted Address
30.01.2007 Piazza
Molino Nuovo 17, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
23.06.2006 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
23.06.2006 30,000
Bearer shares of CHF 100.--
Entry Deleted Activity (original Language)
21.11.2012 L'importazione,
l'esportazione ed il commercio di ogni combustibile solido, liquido e gassoso,
dei relativi derivati e sottoprodotti e di altre materie prime, merci e
materiali e di ogni prodotto siderurgico e suoi derivati, e ogni materiale
subordinato o derivato della produzione del cemento. Inoltre può occuparsi di
ricerca, sfruttamento e esercizio di miniere di carbon fossile e lignite, lo
svolgimento di ogni attività di trasporto, ivi compreso il noleggio di mezzi ad
esso adibiti, e attività connesse. La società può concedere a società da essa
partecipate e/o con partecipazioni comuni o ad essa in altro modo legate,
compresi gli azionisti diretti o indiretti della società o alle società cui
questi partecipano, finanziamenti diretti o indiretti, sia per mezzo di
prestiti od altri metodi di finanziamento, sia per mezzo di garanzie di ogni
genere, con o senza controprestazione. Essa potrà inoltre assumere
partecipazioni in imprese commerciali, finanziarie ed industriali ed eseguire
tutte le operazioni commerciali o finanziarie ritenute utili o connesse allo
scopo sociale. La società può partecipare a altre imprese in Svizzera e
all'estero.
21.11.2012 L'importazione,
l'esportazione ed il commercio di minerali e di ogni combustibile solido,
liquido e gassoso, dei relativi derivati e sottoprodotti e di altre materie
prime, merci e materiali e di ogni prodotto siderurgico; e suoi derivati; e
ogni materiale subordinato o derivato della produzione del cemento; la ricerca,
lo sfruttamento e l'esercizio di miniere di carbon fossile e lignite, di
torbifere e di pozzi petroliferi, la produzione e la commercializzazione di
energia elettrica, lo svolgimento di ogni attività di trasporto, ivi compreso
il noleggio di mezzi ad esso adibiti, e attività connesse alla distribuzione di
gas naturale e LPG. Può procedere alla assunzione di partecipazioni e alla
costituzione di società.
Entry Deleted Remarks (original Language)
active Publishing
authority: FUSC.
23.06.2006 Financial
data: Compensazione crediti: CHF 1'000'000.--.
15.07.2005 Financial
data: Compensazione crediti: CHF 1'900'000.--.
13.05.2002 Note:
Statuto modificato su punti non soggetti a pubblicazione.
Title Name
President Daniele (Raoul) Avallone, Origin: Italy, Residential
address: 6900 Lugano/TI, Switzerland, joint signature of two
Director Gianluca
Generali, Origin: Giornico, Switzerland, Residential address: Breganzona,
Switzerland, joint signature of two, Registered since: 13.05.2002
Director Giovanni
Risso, Origin: Italy, Residential address: 6900 Lugano/TI, Switzerland, joint
signature of two, Registered since: 02.11.2007
Director Daniele
Severoni, Origin: Viganello, Switzerland, Residential address: Vezia, Switzerland,
joint signature of two, Registered since: 27.05.1999
Title Name
Director Michele
Ortelli, Origin: Lugano, Switzerland, Residential address: 6962 Viganello/TI,
Switzerland, joint signature of two, Registered since: 02.11.2007
Member
with signing authority Paola
Vercellino, Origin: Italy, Residential address: 6900 Lugano/TI, Switzerland,
joint signature of two, with a Director or member of the board, Registered
since: 02.11.2007
Title Name
Auditor Ernst
& Young AG, Residential address: Lugano, Switzerland
Title Name
Chief
Financial Officer Giovanni
Risso (grisso@bulktrading.ch)
Chief
Business Segment Officer Daniele (Raoul) Avallone (ravallone@bulktrading.ch)
Chief
Controlling Officer Paola
Vercellino (pvercellino@bulktrading.ch)
Owner: The
company is privately owned.
Class: 100%
Name: C.I. Bulk Trading
Suramerica Ltda
City/Country: Cúcuta, Colombia/CO
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
01.08.2002 2002 1 1,576,092.-- Opposition filed
01.08.2002 2001 0
01.08.2002 2000 0
01.08.2002 1999 0
01.08.2002 1998 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.
Mr Avallone holds no further Swiss board positions. Mr Generali holds a
further 7 positions.
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.62.36 |
|
UK Pound |
1 |
Rs.101.11 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.