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Report Date : |
06.08.2014 |
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IDENTIFICATION DETAILS
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Name : |
METINVEST INTERNATIONAL SA |
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Registered Office : |
Rue Vallin 2, 1201 Genève/GE, CH |
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Country : |
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Date of Incorporation : |
04.04.1997 |
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Com. Reg. No.: |
660.0.629.997-0 / 397853 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Trader of international steel and raw materials |
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No of Employees : |
55 |
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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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 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 |
METINVEST
INTERNATIONAL SA
Rue Vallin 2
1201 Genève/GE
Switzerland/CH
Telephone: 022
9061828
Fax: 022
9061829
Web
site: http://www.metinvest-international.com
E-mail: switzerland@metinvest-international.com
WIN
Worldbox No.: CH0003122985
VAT-No.: CHE108591775
Established: 1997
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: Import, export agency
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 55
The Company is an international steel and raw materials trader. Today their
regional offices are covering major global steel markets.
Information on property ownership was not available.
Company
No: 660.0.629.997-0 /
397853
Legal
form: Company limited
by shares
Registration: 04.04.1997
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Statutes:
27.07.2010
Date of
Statutes: 04.12.2007
Date of
Statutes: 18.01.2006
Date of
Statutes: 25.07.2002
Date of
Statutes: 14.08.1997
Date of Incorporation
Statutes: 02.04.1997
Entry Deleted Name
06.12.2007 Metinvest
International SA
04.04.1997 06.12.2007 Leman Commodities SA
Entry Deleted Legal domicile
04.04.1997 Genève,
Switzerland
Entry Deleted Address
23.03.2006 Rue
Vallin 2, 1200 Genève/GE, Switzerland/CH
24.07.1997 23.03.2006 Quai du Mont-Blanc 3, 1200 Genève/GE,
Switzerland/CH
04.04.1997 24.07.1997 c/o Berney Conseil SA, rue du Nant 8, 1200
Genève/GE, Switzerland/CH
Entry Deleted Capital
23.01.2006 Share
Capital CHF 50,000,000, paidup CHF 50,000,000
29.07.2002 23.01.2006 Share Capital CHF 7,500,000, paidup CHF
7,500,000
04.04.1997 29.07.2002 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
23.01.2006 50,000
Registered shares of CHF 1,000.--
29.07.2002 23.01.2006 7,500 Registered shares of CHF 1,000.--
21.08.1997 29.07.2002 100 Registered shares of CHF 1,000.--
04.04.1997 21.08.1997 100 Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
06.12.2007 Commerce
de matières premières, de matériaux finis et semi-finis; affaires commerciales,
financières, mobilières se rapportant à son objet; garantir ou octroyer des
prêts à ses actionnaires et à des tiers.
04.04.1997 06.12.2007 Commerce des matières premières.
Entry Deleted Remarks (original Language)
19.12.2013 Note:
L'identification sous le numéro CH-660-0629997-0 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-108.591.775.
06.08.2010 Reports:
Communication aux actionnaires: Feuille Officielle Suisse du Commerce ou par
écrit (lettre, téléfax ou courrier électronique).
04.04.1997 Publishing
authority: FOSC.
04.04.1997 Board
of directors: Un ou plusieurs membres.
Title Name
President Mar'yan
Maksymovych, Origin: Ukraine, Residential address: 1200 Genève/GE, Switzerland,
single signature, Registered since: 07.01.2008
Director Raymond
Liefooghe, Origin: Genève, Switzerland, Residential address: 1200 Genève/GE,
Switzerland, single signature, Registered since: 12.09.2007
Director Sergiy
Novikov, Origin: Ukraine, Residential address: Donetsk, Ukraine, without
signature, Registered since: 23.01.2007
Director Joseph
Riedweg, Origin: Genève, Switzerland, Residential address: 1232 Confignon/GE,
Switzerland, single signature, Registered since: 22.06.2005
Title Name
Member
with procuration Jozef
Cizmar, Origin: Slovakia, Residential address: 1200 Genève/GE, Switzerland,
joint power of attorney of two, Registered since: 04.03.2009
Member
with procuration Paiva
Cristina Da Silva Esteves, Origin: Portugal, Residential address: Arzier,
Switzerland, joint power of attorney of two, Registered since: 19.12.2011
Member
with procuration Lasma Osina,
Origin: Latvia, Residential address: 1182 Gilly/VD, Switzerland, joint power of
attorney of two, Registered since: 07.01.2008
Member
with procuration Vadim Pron ,
Origin: Ukraine, Residential address: 1200 Genève/GE, Switzerland, joint power
of attorney of two, Registered since: 07.10.2009
Member
with procuration Patrick
Zingrich , Origin: Saxeten, Switzerland, Residential address: Chexbres,
Switzerland, joint power of attorney of two, Registered since: 19.12.2011
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Genève, Switzerland, Id: CH-660-1784998-4
Title Name
Chief
Executive Officer Mar'yan
Maksymovych
Name: JSC System Capital
Management (SCM)
City/Country: Donetsk, Ukraine/UA
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Metinvest BV
City/Country: The Hague, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Class: 50-100%
Type: indirect,
Group-Level 1
Name: JSC System Capital Management
(SCM)
City/Country: Donetsk, Ukraine/UA
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
01.11.2013 2013 0
01.11.2013 2012 0
01.11.2013 2011 0
01.11.2013 2010 0
01.11.2013 2009 0
24.10.2006 2006 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.
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 good.
Payment
experiences: Payment habits are
considered good.
Business
development: The business trend is
considered positive.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.86 |
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1 |
Rs.102.67 |
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Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
-- |
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.