|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOVEX TRADING (SWISS) SA |
|
|
|
|
Registered Office : |
Riva Paradiso 2 Palazzo Mantegazza 6900
Paradiso/TI Switzerland/CH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
07.11.2007 |
|
|
|
|
Com. Reg. No.: |
501.3.009.504-8 / 889442 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Trading in steel products and metallurgical raw materials |
|
|
|
|
No. of Employees : |
15 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 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
NOVEX TRADING
(SWISS) SA
Riva Paradiso 2
Palazzo Mantegazza
6900 Paradiso/TI
Switzerland/CH
Telephone: 091
9853040
Fax: 091
9853041
Web
site: http://www.nlmkgroup.com
E-mail: contact@novextrading.ch
WIN
Worldbox No.: CH0007678928
VAT-No.: CHE113916305
Established: 2007
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 15
The business activities includes trading in
steel products and metallurgical raw materials. The company is responsable for the
group sales to Europe, Turkey and North Africa, and global sales of dynamo
(non-grain-oriented) and transformer (grain-oriented) steel.
Real
Estate: The company owns
no property.
Company
No: 501.3.009.504-8 / 889442
Legal
form: Company limited by
shares
Registration: 07.11.2007
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
23.12.2011
Date of
Statutes: 17.09.2009
Date of
Statutes: 07.05.2008
Date of Incorporation
Statutes: 05.11.2007
Entry Deleted Name
07.11.2007 Novex
Trading (Swiss) SA
Entry Deleted Legal domicile
24.09.2009 Paradiso,
Switzerland
07.11.2007 24.09.2009 Lugano, Switzerland
Entry Deleted Address
24.09.2009 Riva
Paradiso 2, Palazzo Mantegazza, 6900 Paradiso/TI, Switzerland/CH
21.01.2008 24.09.2009 Riva Caccia 1, 6900 Lugano/TI, Switzerland/CH
07.11.2007 21.01.2008 c/o Studio legale Perucchi & Baggi, Via
Ferruccio Pelli 9, Casella postale 6263, 6901 Lugano/TI, Switzerland/CH
Entry Deleted Capital
29.12.2011 Share
Capital CHF 40,645,000, paidup CHF 40,645,000
07.11.2007 29.12.2011 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
29.12.2011 40,645
Registered shares of CHF 1,000.--
07.11.2007 29.12.2011 1,000 Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
09.05.2008 L'acquisto,
la vendita, la distribuzione ed il commercio di prodotti in acciaio e di
materiali metallurgici grezzi in Svizzera ed all'estero. La società fornisce
pure servizi di rappresentanza e di agenzia alle società che effettuano trading
di prodotti di acciaio e di materiali metallurgici grezzi. La società può
assumere partecipazioni in altre società, associazioni o consorzi in Svizzera e
all'estero, acquisire, possedere e vendere titoli e beni immobili. La società
può emettere vaglia cambiari, obbligazioni e ogni altro titolo di credito,
accendere ipoteche, costituire pegni o altrimenti gravare la sua proprietà, i
suoi interessi o introiti o parte di essi per garantire i propri impegni,
stipulare contratti di pegni o di garanzia richiesti od utilizzati per
l'espletamento, la promozione ed il raggiungimento degli obiettivi relativi
alle proprie attività commerciali e di quelle delle sue affiliate. La società
può anche assicurare impegni di altre società o persone del gruppo (compresi i
suoi azionisti e società o persone del gruppo di cui), in particolare sotto
forma di garanzie, pegni, cessioni globali, assegnazioni fiduciari e cessioni a
titolo di garanzia, sia per suo beneficio o sia in favore di altre società o
persone. La società può inoltre esercitare tutte le attività commerciali,
industriali, finanziarie o di altro genere che siano permesse secondo le leggi
vigenti in Svizzera.
07.11.2007 09.05.2008 L'acquisto, la vendita, la distribuzione ed il
commercio di prodotti in acciaio e di materiali metallurgici grezzi in Svizzera
ed all'estero. La società fornisce pure servizi di rappresentanza e di agenzia
alle società che effettuano trading di prodotti di acciaio e di materiali
metallurgici grezzi. La società può assumere partecipazioni in altre società,
associazioni o consorzi in Svizzera e all'estero, acquisire, possedere e
vendere titoli e beni immobili. La società può emettere vaglia cambiari,
obbligazioni e ogni altro titolo di credito, accendere ipoteche, costituire
pegni o altrimenti gravare la sua proprietà, i suoi interessi o introiti o
parte di essi per garantire i propri impegni, stipulare contratti di pegni o di
garanzia richiesti od utilizzati per l'espletamento, la promozione ed il
raggiungimento degli obiettivi relativi alle proprie attività commerciali e di
quelle delle sue affiliate, può inoltre esercitare tutte le attività
commerciali, industriali, finanziarie o di altro genere che siano permesse
secondo le leggi vigenti in Svizzera.
Entry Deleted Remarks (original Language)
29.12.2011 Capital:
Aumento ordinario mediante compensazione crediti per CHF 39'645'000.00 contro
rimessa di 39'645 azioni nominative da CHF 1'000.00.
23.09.2011 Merger:
Ripresa di attivi e passivi di Steel Invest Trading SA, in Lugano
(CH-501.3.007.542-2), secondo il contratto di fusione del 21.09.2011 e bilancio
al 30.06.2011, che presenta attivi per CHF 505'604'222.00 e passivi verso terzi
per CHF 501'579'693.00 . La totalità del capitale azionario delle due società è
detenuta dallo stesso azionista, la fusione avviene dunque senza aumento di
capitale e senza attribuzione di azioni.
07.11.2007 Publishing
authority: FUSC.
07.11.2007 Shares:
La trasferibilità delle azioni nominative è limitata dallo statuto.
07.11.2007 Reports:
Le comunicazioni della società agli azionisti avvengono mediante lettera.
Title Name
President Alexander
Kozlov, Origin: Russia, Residential address: Nicosia, Cyprus, single signature,
Registered since: 07.11.2007
Director Giorgio
Della Santa, Origin: Lugano, Switzerland, Residential address: 6946 Ponte
Capriasca/TI, Switzerland, joint signature of two, Registered since: 07.11.2007
Director Giovanni
Zuccolotto, Origin: Mezzovico-Vira, Switzerland, Residential address: 6966
Villa Luganese/TI, Switzerland, joint signature of two, Registered since:
17.09.2009
Title Name
Director Nicolò
Bisconti, Origin: Italy, Residential address: 6977 Ruvigliana/TI, Switzerland,
single signature, Registered since: 04.12.2007
Director Andrey
Mamyshev, Origin: Russia, Residential address: 6900 Paradiso/TI, Switzerland,
single signature, Registered since: 04.12.2007
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Lugano, Switzerland, Id: CH-514.9.014.248-1,
Registered since: 07.11.2007
Title Name
Chief
Executive Officer Nicolò
Bisconti
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD
Balance Sheet
Intangible fixed
assets 928,063.0 918,777.0 675,790.0 760,126.0
Tangible fixed
assets 11,753,157.0 10,569,828.0 8,382,478.0 7,316,180.0
Financial fixed
assets 19,293.0 8,420.0 687,665.0 468,236.0
other fixed assets 287,617.0 256,387.0 47,743.0 80,656.0
Fixed assets 12,988,130.0 11,753,412.0 9,793,676.0 8,625,198.0
Stocks 2,826,933.0 2,828,433.0 1,580,068.0 1,134,095.0
Liquid assets 951,247.0 797,169.0 747,979.0 1,247,048.0
Current assets 5,469,390.0 5,503,764.0 4,105,349.0 3,876,746.0
Total assets 18,457,520.0 17,257,176.0 13,899,025.0 12,501,944.0
Total shareholders
equity 11,090,290.0 10,147,024.0 9,674,505.0 8,718,202.0
Minority interests 0.0 -41,863.0 -120,691.0 -108,334.0
long term debt
(financial debts) 2,815,554.0 3,073,535.0 2,098,863.0 1,938,652.0
Provisions 92,592.0 115,249.0 0.0 0.0
Other non current
liabilities 1,157,010.0 1,023,295.0 594,552.0 536,212.0
Non current
liabilities 4,065,156.0 4,212,079.0 2,693,415.0 2,474,864.0
Current
liabilities 3,302,074.0 2,939,936.0 1,651,796.0 1,417,212.0
Shareh. equity,
min. interests + liabilities 18,457,520.0 17,257,176.0 13,899,025.0 12,501,944.0
Net sales 12,156,592.0 11,728,556.0 8,350,748.0 6,139,895.0
Operating result 951,468.0 1,633,971.0 1,752,344.0 783,937.0
Result for the
financial year 595,805.0 1,357,594.0 1,255,043.0 215,055.0
Name: OJSC Novolipetsk Steel
City/Country: LIPETSK, Russia/RU
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: OJSC Novolipetsk Steel
City/Country: LIPETSK, Russia/RU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level 2
Name: NLMK International
B.V.
City/Country: Amsterdam, Netherlands/NL
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.
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 good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
PDT |
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.