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Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
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Name : |
MILLER TRADING GMBH |
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Registered Office : |
c/o Delta
Consultants AG, Baarerstrasse 23, 6300 Zug/ZG |
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Country : |
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Date of Incorporation : |
14.05.1997 |
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Com. Reg. No.: |
170.4.001.611-1 / 400511 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in trading and brokerage of commodities and goods of all
kinds. |
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No of Employees : |
01-09 (Approximately) |
RATING & COMMENTS
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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 : |
Domiciled company |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 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 |
NOTE
In absence of financials, no credit limit could be recommended.
Miller Trading GmbH
c/o Delta Consultants
AG
Baarerstrasse 23
6300 Zug/ZG
Switzerland/CH
Telephone: 041
7271888
041
7271891
Fax: 041
7101582
VAT-No.: CHE104037600
Established: 1997
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialised wholesale trade
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 1-9
The business includes trading and brokerage of commodities and goods of
all kinds.
Real Estate: The
company owns no property.
Company No: 170.4.001.611-1 / 400511
Legal
form: Limited Liability
Company
Registration: 14.05.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
26.11.2008
Date of
Statutes: 13.09.2001
Date of
Statutes: 06.03.1998
Date of Incorporation
Statutes: 07.05.1997
Entry Deleted Name
14.05.1997 Miller
Trading GmbH
Entry Deleted Legal domicile
02.10.2001 Zug,
Switzerland
12.03.1998 02.10.2001 Steinhausen, Switzerland
14.05.1997 12.03.1998 Cham, Switzerland
Entry Deleted Address
02.10.2001 c/o
Delta Consultants AG, Baarerstrasse 23, 6300 Zug, Switzerland/CH
12.03.1998 02.10.2001 Eschfeldstrasse 2, 6312 Steinhausen/ZG,
Switzerland/CH
14.05.1997 12.03.1998 Alte Steinhauserstrasse 1, 6330 Cham/ZG,
Switzerland/CH
Entry Deleted Capital
14.05.1997 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
12.03.1998 1
Participation shares of CHF 20,000.--
Title Name
General
Manager Daniel J.
Schwab
Citizen:
Zürich, Leuzigen, Switzerland
Residential
address: 8000 Zürich, Switzerland
Born:
1953
single
signature
Registered
since: 12.12.2008
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Catco Investments BV
City/Country: Amsterdam, Netherlands/NL
Capital
share: CHF 20,000.--
Interest: 100,00% voting right,
100,00% capital interest (since 14.05.1997)
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
10.10.2006 2006 0
31.12.2005 2005 0
31.12.2004 2004 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.
There is no telephone number registered for this company. The company is
a domicile or holding company without any activities or employees at the
address provided. Administration activities are performed by the representative
agent.
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 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
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UK Pound |
1 |
Rs.97.37 |
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Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.