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Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GERALD METALS SA |
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Registered Office : |
Rue de la Gare 29 1110 Morges/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
03.03.1976 |
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Com. Reg. No.: |
550.0.106.800-6 / 68359 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business activities includes trading in metal products such as
iron ore, aluminum, bauxite, gold, silver, zinc, copper and platinum. |
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No. of Employees |
24 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2014
|
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 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 |
GERALD METALS SA
Operating
address:
Rue de la Gare 29
1110 Morges/VD
Switzerland/CH
Telephone: 021
8113300
Fax: 021
8113301
Web
site: http://www.gerald.com
VAT-No.: CHE107884163
Established: 1976
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
Banks: UBS Ltd
CS Credit
Suisse
BCV Banque
Cantonale Vaudoise
J.P. Morgan
(Suisse) SA, Genève
Coverage: Company
Figures: approximately
Employees: 24
The business activities includes trading in
metal products such as iron ore, aluminum, bauxite, gold, silver, zinc, copper
and platinum.
Information on property ownership was not
available.
Company
No: 550.0.106.800-6 / 68359
Legal
form: Company limited by
shares
Registration: 03.03.1976
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
03.11.1995
Date of Incorporation
Statutes: 27.02.1976
Date of
Statutes: 17.03.2011
Date of
Statutes: 11.03.2003
Entry Deleted Name
21.03.2011 Gerald
metals SA
21.03.2011 Gerald metals S.A.
Entry Deleted Legal domicile
13.03.2003 Morges,
Switzerland
13.03.2003 Renens (VD), Switzerland
Entry Deleted Address
13.03.2003 Rue
de la Gare 29, 1110 Morges/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 250,000, paidup CHF 250,000
Entry Deleted Capital Structure
active 250
Registered shares with restricted transferability of CHF 1,000.--
Entry Deleted Activity (original Language)
active Commerce
de matières premières, en particulier de minerais et métaux.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
Title Name
President Craig Dean,
Origin: Thônex, Switzerland, Residential address: Fairfield, United States of
America, joint signature of two, Registered since: 19.05.2011
Director Jean
Baudois, Origin: Morens, France, Residential address: Lonay, Switzerland, joint
signature of two
Director Nicolas C.
Ulmer, Origin: Steckborn, Switzerland, Residential address: Founex,
Switzerland, joint signature of two
Title Name
Member
with procuration Lucienne
Pittet, Origin: Villars-le-Terroir, Switzerland, Residential address: Crissier,
Switzerland, joint power of attorney of two, Restricted signatory powers,
Registered since: 19.05.2011
Member
with procuration Alain Vignon,
Origin: Chêne-Bougeries, Switzerland, Residential address: Jussy, Switzerland,
joint power of attorney of two, Restricted signatory powers, Registered since:
23.01.2014
Title Name
Auditor Deloitte
SA, Residential address: Lausanne, Switzerland
Name: Gerald metals Inc.
City/Country: Stamford, United States of
America/US
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Type: direct,
Group-Level 1
Name: Gerald
metals Inc.
City/Country: Stamford,
United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
The Gerald Group
is an international commodities merchant. The Group, headed by Craig Dean, was
founded in 1962 and based in Stamford, Connecticut. Over the last 50+ years,
Gerald has been actively engaged in the physical merchanting, trade and
structured financing of commodities, growing to a global network across all
four corners of the world which provides trading and investment solutions to
both producer and consumer clients worldwide.
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
07.11.2013 2013 0
07.11.2013 2012 0
07.11.2013 2011 0
29.02.2012 2010 0
29.02.2012 2009 0
29.02.2012 2008 0
04.01.2011 2007 0
04.01.2011 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.
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 in order.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
UK Pound |
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
SDA |
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.