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Report Date : |
19.03.2014 |
IDENTIFICATION DETAILS
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Name : |
PRORES TRADE AND SERVICE GMBH |
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Registered Office : |
c/o Administra
Treuhand AG Bahnhofstrasse 1, 8852 Altendorf/SZ |
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Country : |
Switzerland |
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Date of Incorporation : |
04.02.2008 |
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Com. Reg. No.: |
550.1.053.368-1 / 898698 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the purchase, sale and
distribution of raw materials and any services associated with these
activities at home and abroad. |
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No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
ProRes Trade and Service GmbH
c/o Administra
Treuhand AG
Bahnhofstrasse 1
8852 Altendorf/SZ
Switzerland/CH
Telephone: 055
4183800
Fax: 055
4183810
VAT-No.: CHE114064952
Established: 2008
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Banks: unknown
Coverage: Company
Employees: 0
The business activities includes the purchase, sale and distribution of
raw materials and any services associated with these activities at home and
abroad.
Information on property ownership was not available.
Company
No: 550.1.053.368-1 / 898698
Legal
form: Limited Liability
Company
Registration: 04.02.2008
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schwyz
History: Date of Statutes: 04.07.2011
Date of
Incorporation Statutes: 24.02.2010
Date of
Statutes: 21.05.2012
Entry Deleted Name
active ProRes
Trade and Service GmbH
active ProRes
Trade and Service Sàrl (Name translated)
removed ProRes Trade and Service Sàrl
Entry Deleted Legal domicile
31.05.2012 Altendorf,
Switzerland
removed Grandvaux, Switzerland
31.05.2012 Freienbach, Switzerland
Entry Deleted Address
31.05.2012 c/o
Administra Treuhand AG, Bahnhofstrasse 1, 8852 Altendorf/SZ, Switzerland/CH
(Business address)
31.05.2012 c/o Administra Treuhand AG, Churerstrasse 20,
8808 Pfäffikon/SZ, Switzerland/CH (Business address)
Entry Deleted Capital
active LLC
Capital CHF 20,000
Entry Deleted Capital Structure
active 20
Participation shares of CHF 1,000.--
removed 20 Participation shares of CHF 1,000.--
Entry Deleted Activity (original Language)
active Kauf,
Verkauf und Vertrieb von Rohstoffen sowie alle mit diesen Aktivitäten
verbundenen Dienstleistungen im In- und Ausland; kann sich an anderen
Unternehmen beteiligen sowie Grundstücke erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Reports:
Mitteilungen an die Gesellschafter erfolgen schriftlich.
active Audit:
Gemäss Erklärung vom 30.1.2008 untersteht die Gesellschaft keiner ordentlichen
Revision und verzichtet auf eine eingeschränkte Revision.
active Obligations:
Nebenleistungspflichten, Vorhand-, Vorkaufs- oder Kaufsrechte gemäss näherer
Umschreibung in den Statuten.
Title Name
General
Manager Tanja
Schumacher, Origin: Germany, Residential address: Stein am Rhein, Switzerland,
single signature
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Type: direct
Name: Tanja Schumacher
City/Country: Stein am Rhein, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no investments.
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.
There is no telephone number registered for this company. It would
appear to be a domicile company without apparent activities and personnel at
the address provided.
Financial
Situation: The company is a
"domiciled" company where local presence is handled by a
representative. As far as can be ascertained the activities are conducted
abroad. No information is available on the financial situation and business development.
Credit
Opinion: It appears that the
company is not presently active at the domicile. In issuing credit facilities
it is advised that normal business security be obtained e.g. bank guarantee.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
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 |
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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 |
|
|
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.