|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MIDURAL CHEMICALS SA |
|
|
|
|
Registered Office : |
Churerstrasse 47, 8808 Pfäffikon/SZ |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
31.05.2010 |
|
|
|
|
Com. Reg. No.: |
130.3.015.768-0 / 982857 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
trader of chromium oxide, chromic acids, sodium dichromats,
potassium dichromats and sodium sulfides and other substances used in the
manufacturing industry. |
|
|
|
|
No. of Employees : |
01-09 (approximately) |
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 |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
MidUral Chemicals SA
Churerstrasse 47
8808 Pfäffikon/SZ
Switzerland/CH
VAT-No.: CHE115720368
Established: 2010
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 1-9
The business activities includes trading in chromium oxide, chromic
acids, sodium dichromats, potassium dichromats and sodium sulfides and other
substances used in the manufacturing industry.
Information on property ownership was not available.
Company
No: 130.3.015.768-0 /
982857
Legal
form: Company limited
by shares
Registration: 31.05.2010
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schwyz
History: Date of Statutes:
05.04.2012
Date of
Statutes: 09.05.2011
Date of
Incorporation Statutes: 28.05.2010
Entry Deleted Name
10.04.2012 MidUral
Chemicals SA
31.05.2010 10.04.2012 AzRex SA
Entry Deleted Legal domicile
10.05.2011 Freienbach,
Switzerland
31.05.2010 10.05.2011 Feusisberg, Switzerland
Entry Deleted Address
30.04.2012 Churerstrasse
47, 8808 Pfäffikon/SZ, Switzerland/CH
10.05.2011 30.04.2012 bei Urs Huber, Unterdorfstrasse 12, 8808
Pfäffikon/SZ, Switzerland/CH
31.05.2010 10.05.2011 c/o Gilbert Torner, Untere Paulistrasse 16,
8834 Schindellegi/SZ, Switzerland/CH
Entry Deleted Capital
31.05.2010 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
31.05.2010 1,000
Bearer shares of CHF 100.--
Entry Deleted Activity (original Language)
31.05.2010 Handel
mit und Vermittlung von Chromoxiden, Chromsäuren, Natrium-Dichromaten,
Kalium-Dichromaten und Natriumsulfiden sowie weiteren Substanzen, die in der
verarbeitenden Industrie zur Anwendung kommen; kann sich an anderen Unternehmen
beteiligen, Grundeigentum erwerben, belasten, veräussern und verwalten,
Finanzierungen für eigene oder fremde Rechnung vornehmen sowie Garantien und
Bürgschaften für Tochtergesellschaften und Dritte eingehen.
Entry Deleted Remarks (original Language)
31.05.2010 Publishing
authority: SHAB.
31.05.2010 Reports:
Mitteilungen an die Aktionäre erfolgen per Brief oder Telefax.
31.05.2010 Audit:
Gemäss Erklärung des Verwaltungsrates vom 28.5.2010 untersteht die Gesellschaft
keiner ordentlichen Revision und verzichtet auf eine eingeschränkte Revision.
Title Name
President Kamal
Jafarov, Origin: Azerbaijan, Residential address: Freienbach, Switzerland,
single signature, Registered since: 10.02.2012
Director Johann Ekkert,
Origin: Germany, Residential address: Renningen , Germany, single signature,
Registered since: 10.04.2012
Owner: The
company is privately owned.
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
06.06.2012 2012 0
06.06.2012 2011 0
06.06.2012 2010 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 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.62.69 |
|
UK Pound |
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
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.