MIRA INFORM REPORT

Report Date :

19.12.2014

IDENTIFICATION DETAILS

Name :	COMMODITY GENERAL TRADING SA

Registered Office :	Via Dogana Vecchia 2 6900 Lugano/TI Switzerland/CH

Country :	Switzerland

Date of Incorporation :	18.06.2013

Com. Reg. No.:	501.3.017.860-2 / 1143622

Legal Form :	Company limited by shares

Line of Business :	Wholesale of metals and metal ores

No. of Employees :	08

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Relatively New Business
Payment Behaviour :	No complaints
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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Switzerland

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 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

Company name

COMMODITY GENERAL TRADING SA

Operating address

Via Dogana Vecchia 2

6900 Lugano/TI

Switzerland/CH

Telephone: 091 6018821

Fax: 091 6018822

Web site: http://www.cogentra.com

E-mail: info@cogentra.com

WIN Worldbox No.: CH0009857156

VAT-No.: CHE420415760

Profile

Established: 2013

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4672 Wholesale of metals and metal ores

Import/Export: Agency

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2014

Employees: 8

Activity

The Company's business is international trade and distribution of steel products. The company's equipment and spare parts for the iron and steel sector focuses on the marketing of products of stainless steel, FeSi briquettes.

They are trading in the US, Europe, China, CIS countries and Sub-Saharan Africa.

The company has a network of companies, local offices, and agents operating in Germany, Italy, Spain, Poland, Turkey, North America, China and South Korea.

Real Estate

Real Estate: The company does not appear to own any property.

Company Register

Company No: 501.3.017.860-2 / 1143622

Legal form: Company limited by shares

Registration: 18.06.2013

Legal status: active

Responsible Register: Registro di commercio del Cantone Ticino

History: Date of Incorporation Statutes: 17.06.2013

Entry Deleted Name

18.06.2013 COMMODITY GENERAL TRADING SA

Entry Deleted Legal domicile

18.06.2013 Lugano, Switzerland

Entry Deleted Address

06.09.2013 Via Dogana Vecchia 2, 6900 Lugano/TI, Switzerland/CH

18.06.2013 06.09.2013 Corso Elvezia 16, 6904 Lugano/TI, Switzerland/CH

Entry Deleted Capital

18.06.2013 Share Capital CHF 100,000, paidup CHF 100,000

Entry Deleted Capital Structure

18.06.2013 100 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Vitor Bruno Da Cruz Rito

Citizen: Portugal

Residential address: Pregassona (Lugano), Switzerland

single signature

Registered since: 06.09.2013

Chief Executive Massimo Lucantonio

Citizen: Lugano, Switzerland

Residential address: Viganello (Lugano), Switzerland

single signature

Registered since: 21.08.2013

Owner/-s

Owner: The company is privately owned.

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.

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.

Credit Opinion: In advancing credit it is advised that a bank guarantee be obtained.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.32
UK Pound	1	Rs.98.68
Euro	1	Rs.78.11

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NIS

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%)

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