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Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
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Name : |
MERCURIA ENERGY TRADING SA |
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Registered Office : |
Rue du Rhône 50, 1204 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
23.06.2004 |
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Com. Reg. No.: |
660.1.372.004-2 / 760991 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Engaged in trading, storage, transportation and distribution of crude oil,
refined petroleum products, natural gas (including LNG), power, coal,
biodiesel, vegetable oils and carbon emissions. |
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No. of Employees |
200 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 3,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 began to recover in 2010.
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 below 2% per year during
2011-13. 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 |
MERCURIA ENERGY
TRADING SA
Rue du Rhône 50
1204 Genève/GE
Switzerland/CH
Telephone: 022
5947000
Fax: 022
5947010
Web
site: http://www.mercuria.com
E-mail: infogva@mercuria.com
VAT-No.: CHE111729324
Established: 2004
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Export
sales: 89,0%
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 200
The business activities includes trading, storage, transportation and
distribution of crude oil, refined petroleum products, natural gas (including
LNG), power, coal, biodiesel, vegetable oils and carbon emissions.
Information on property ownership was not available.
Company
No: 660.1.372.004-2 / 760991
Legal
form: Company limited by
shares
Registration: 23.06.2004
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
14.11.2011
Date of
Statutes: 09.11.2007
Date of
Statutes: 11.08.2004
Date of
Incorporation Statutes: 18.06.2004
Entry Deleted Name
23.06.2004 MERCURIA
ENERGY TRADING SA
Entry Deleted Legal domicile
23.06.2004 Genève,
Switzerland
Entry Deleted Address
17.12.2008 Rue
du Rhône 50, 1204 Genève/GE, Switzerland/CH
23.06.2004 17.12.2008 Place du Molard 4, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
16.08.2004 Share
Capital CHF 2,000,000, paidup CHF 2,000,000
23.06.2004 16.08.2004 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
16.08.2004 2,000
Registered shares of CHF 1,000.--
23.06.2004 16.08.2004 100 Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
21.11.2011 Commerce
et fourniture de toutes matières premières, notamment de pétrole brut, de
produits dérivés du pétrole, de gaz naturel, d'électricité et de charbon, ainsi
que le stockage, le transport et la distribution de tels produits ou matières
premières, de même que toutes opérations portant sur des instruments financiers
ou contrats liés à de tels produits ou matières premières, toutes activités et
services y relatifs (cf. statuts pour but complet).
16.11.2007 21.11.2011 Commerce et fourniture de toutes matières premières,
notamment de pétrole brut, de produits dérivés du pétrole, de gaz naturel,
d'électricité et de charbon, ainsi que le stockage, le transport et la
distribution de tels produits ou matières premières, de même que toutes
opérations portant sur des instruments financiers ou contrats liés à de tels
produits ou matières premières, toutes activités et services y relatifs.
23.06.2004 16.11.2007 Commerce et fourniture de pétrole brut, de
produits dérivés du pétrole ainsi que stockage, transport et distribution de
pétrole brut ou de tels produits de même que toutes opérations portant sur des
instruments financiers ou contrats liés au pétrole brut ou à de tels produits,
services et activités y relatifs.
Entry Deleted Remarks (original Language)
19.12.2013 Note:
L'identification sous le numéro CH-660-1372004-2 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-111.729.324.
23.06.2004 Publishing
authority: Feuille Officielle Suisse du Commerce.
Title Name
President Daniel
Jaeggi, Origin: Recherswil, Switzerland, Residential address: 1246 Corsier/GE,
Switzerland, single signature, Registered since: 23.06.2004
Company
Secretary François
Sornay, Origin: France, Residential address: Genève, Switzerland, single signature,
Registered since: 03.07.2007
Director Jean-Baptiste
Forichon, Origin: France, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 20.07.2009
Director Jin Han,
Origin: United Kingdom, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 20.07.2009
Director Guillaume
Leenhardt , Origin: France, Residential address: Paris, France, single
signature, Registered since: 28.09.2011
Director Alexander
Potapushin , Origin: Russia, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 07.07.2010
Director Guillaume
Vermersch, Origin: France, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 23.06.2004
Title Name
Director Benjamin
Pink , Origin: Préverenges, Switzerland, Residential address: Genève,
Switzerland, joint signature of two, Registered since: 13.10.2011
Director Pranav
Swarup, Origin: Vernier, Switzerland, Residential address: 1200 Genève/GE,
Switzerland, joint signature of two, Registered since: 25.11.2010
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Genève, Switzerland, Id: CH-660-1784998-4, Registered
since: 28.09.2011
Title Name
Chief
Executive Officer Daniel
Jaeggi
Name: Mercuria Energy Group
Ltd
City/Country: Larnaca, Cyprus/CY
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Mercuria Energy Group
Ltd
City/Country: Larnaca, Cyprus/CY
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level 2
Name: Mercuria Energy Group
Holding SA
City/Country: Genève/GE, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 2007)
Name: Mercuria Energy
Trading B.V.
City/Country: Utrecht, Netherlands/NL
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
30.10.2013 2013 0
30.10.2013 2012 0
30.10.2013 2011 0
30.10.2013 2010 1 7,658,604.-- Legal actions
30.10.2013 2009 0
19.05.2011 2008 0
19.05.2011 2007 0
19.05.2011 2006 0
17.05.2010 2005 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 good.
Payment
experiences: Financial obligations are
met as appropriate.
Maximum
Credit: CHF 3,000,000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
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UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared by
: |
MNL |
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 |
-- |
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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.