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Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
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Name : |
BLUEQUEST
RESOURCES AG |
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Registered Office : |
Neuhofstrasse 4, 6340 Baar/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
25.11.2004 |
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Com. Reg. No.: |
170.3.027.832-9 / 774881 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Engaged in trading raw materials of all kinds, especially aluminum, copper and other metals. · Wholesaler of metals and metal ores |
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No of Employees : |
20 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Bluequest Resources AG
Neuhofstrasse 4
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7603843
VAT-No.: CHE112119358
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
4672 Wholesale of metals and metal ores
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 20
The business activity includes trading in raw materials of all kinds, especially aluminum, copper and other metals.
Information on property ownership was not available.
Company
No: 170.3.027.832-9 / 774881
Legal
form: Company limited by
shares
Registration: 25.11.2004
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
17.07.2013
Date of
Statutes: 16.06.2010
Date of
Statutes: 21.12.2004
Date of Incorporation
Statutes: 23.11.2004
Entry Deleted Name
22.07.2013 Bluequest
Resources AG
22.07.2013 Bluequest
Resources SA (Name translated)
22.07.2013 Bluequest
Resources Ltd (Name translated)
22.07.2013 removed JB Commodities AG
22.07.2013 removed JB Commodities SA (Name translated)
22.07.2013 removed JB Commodities Ltd (Name translated)
25.11.2004 22.07.2013 JB Commodities AG
25.11.2004 22.07.2013 JB Commodities SA (Name translated)
25.11.2004 22.07.2013 JB Commodities Ltd (Name translated)
Entry Deleted Legal domicile
25.11.2004 Baar,
Switzerland
Entry Deleted Address
25.11.2004 Neuhofstrasse
4, 6340 Baar/ZG, Switzerland/CH
Entry Deleted Capital
18.06.2010 Share
Capital CHF 10,000,010, paidup CHF 10,000,010
25.11.2004 18.06.2010 Share Capital CHF 10,000,000, paidup CHF
10,000,000
Entry Deleted Capital Structure
22.07.2013 1,000,001
Registered shares with restricted transferability of CHF 10.--
18.06.2010 22.07.2013 1,000,000 Registered shares with restricted
transferability of CHF 10.--
18.06.2010 22.07.2013 1 Registered shares (preferred shares) of CHF
10.--
Entry Deleted Activity (original Language)
18.06.2010 Handel
mit Rohstoffen aller Art und mit anderen Gütern, sei es für eigene oder für
fremde Rechnung, und zwar sowohl im Inland als auch im Ausland; vollständige
Zweckumschreibung gemäss Statuten
25.11.2004 18.06.2010 Handel mit Rohstoffen aller Art und mit
anderen Gütern, sei es für eigene oder für fremde Rechnung und zwar sowohl im
Inland als auch im Ausland; kann damit zusammenhängende Dienstleistungen
erbringen oder vermitteln und Finanzierungen durchführen, sich an anderen
Unternehmungen beteiligen oder sich mit diesen zusammenschliessen und
Unternehmen, an denen sie beteiligt ist, direkt oder indirekt finanzieren sowie
Grundstücke erwerben, halten, belasten und veräussern.
Entry Deleted Remarks (original Language)
22.07.2013 Reports:
Mitteilungen an die Aktionäre erfolgen nach Ermessen des Verwaltungsrates per
Brief, E-Mail oder Telefax an die im Aktienbuch verzeichneten Adressen.
18.06.2010 Capital:
Ordentliche Kapitalerhöhung.
18.06.2010 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
25.11.2004 Publishing
authority: SHAB.
18.06.2010 22.07.2013 Shares: Die Vorzugsaktie gewährt Vorrechte
bezüglich Dividende gemäss Statuten.
18.06.2010 22.07.2013 Reports: Die Mitteilungen an die Aktionäre
erfolgen durch Brief an die im Aktienbuch verzeichneten Adressen.
Title Name
President Michael
Armbrüster, Origin: Germany, Residential address: 8832 Wollerau, Switzerland,
born: 1964, single signature, Registered since: 11.02.2005
Director José Kahn,
Origin: Basel, Switzerland, Residential address: 8802 Kilchberg/ZH,
Switzerland, born: 1966, single signature, Registered since: 25.11.2004
Director Isaac
Querub Caro, Origin: Spain, Residential address: Madrid, Spain, joint signature
of two, Registered since: 22.07.2013
Title Name
Auditor Ernst
& Young AG, Residential address: Zug, Switzerland
No.
of Owner/-s: 2
Owner: The company is
privately owned.
Class: unknown
Type: direct
Name: José Kahn
City/Country: Kilchberg/ZH, Switzerland/CH
Class: unknown
Type: direct
Name: Michael Armbrüster
City/Country: Wollerau/SZ, Switzerland/CH
Class: 100%
Name: Bluequest Resources
(Overseas) AG
City/Country: Baar/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
27.08.2013 2013 0
27.08.2013 2012 0
27.08.2013 2011 0
27.08.2013 2010 0
26.05.2009 2009 0
26.05.2009 2008 0
26.05.2009 2007 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 in order.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
UK Pound |
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
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 |
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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 |
|
<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.