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Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
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Name : |
MINERMET S.A. |
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Registered Office : |
Rue Pépinet 3, 1003 Lausanne/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
07.11.1956 |
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Com. Reg. No.: |
550.0.071.612-4 / 120014 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Engaged in trading minerals, metals and agricultural commodities · Engaged in wholesaling metals and metal ores · Engaged in wholesaling grain, unmanufactured tobacco, seeds and animal feeds |
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No of Employees : |
05 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
Minermet S.A.
Rue Pépinet 3
1003 Lausanne/VD
Switzerland/CH
Telephone: 021
3214747
Fax: 021
3124406
Web
site: http://www.minermet-group.com
E-mail: trading@minermet.ch
VAT-No.: CHE107883956
Established: 1956
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
4621 Wholesale of grain, unmanufactured tobacco,
seeds and animal feeds
Import/Export: Import, Export
Banks: CS Credit Suisse
UBS Ltd
BNP Paribas
Coverage: Company
Employees: 5
The business activities includes trading in minerals, metals and
agricultural commodities. The main markets for export are: China, America, New
Zealand. Imports mainly come from the following countries: Russia, Canada,
Australia, Brazil, Ukraine.
Information on property ownership was not available.
Company
No: 550.0.071.612-4 / 120014
Legal
form: Company limited by
shares
Registration: 07.11.1956
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
12.05.1998
Date of
Incorporation Statutes: 03.11.1956
Entry Deleted Name
active Minermet
SA
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
14.12.2011 Rue Pépinet
3, 1003 Lausanne/VD, Switzerland/CH
16.04.2003 Avenue de la Gare 33, 1000 Lausanne/VD,
Switzerland/CH
16.04.2003 14.12.2011 Avenue Mon-Repos 14, 1000 Lausanne/VD,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 1,000
Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
active Affrètement,
exploitation de concessions minières, commerce de produits du sol, minerais et
végétaux et transformation de ceux-ci en produits finis, importation de
matières fourragères et de fourrages secs.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
19.12.2013 Note:
L'identification sous le numéro CH-550-0071612-4 est remplacée par le numéro
d'identification des entreprises (IDE/UID) CHE-107.883.956.
Title Name
Director Alain
Scheinin, Origin: Moudon, Switzerland, Residential address: Epalinges,
Switzerland, born: 1950, single signature
Title Name
Auditor MY
Fiduciaire SA, Residential address: Prilly, Switzerland, Id: CH-550-0080853-3
Title Name
Chief
Executive Officer Alain
Scheinin
Name: Minermet S.p.a.
City/Country: Milano, Italy/IT
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Minermet S.p.a.
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
25.08.2011 2011 0
25.08.2011 2010 0
25.08.2011 2009 0
10.06.2008 2008 0
10.06.2008 2007 0
10.06.2008 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 considered to be in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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 |
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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.