MIRA INFORM REPORT

Report Date :

18.09.2014

IDENTIFICATION DETAILS

Name :	MKS (SWITZERLAND) SA

Registered Office :	Promenade Saint-Antoine 10, 1204 Genève/GE

Country :	Switzerland

Date of Incorporation :	1979

Legal Form :	Public Company

Line of Business :	MKS is a precious metals and financial services group of companies specializing in all aspects of gold and other precious metals processing and trading. It develops and maintains long-term relationships, and offers a wide range of services in those markets.

No. of Employees :	38

RATING & COMMENTS

MIRA’s Rating :

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
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 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Switzerland

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate 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 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

Company name

MKS (Switzerland) SA

Operating address

promenade Saint-Antoine 10

1204 Genève/GE

Switzerland/CH

Telephone: 022 8185200

Fax: 022 3111800

Web site: http://www.mks.ch

E-mail: info@mks.ch

VAT-No

CHE105871847

Profile

Established: 1979

Line of Business: Trade brokers, Financial services

Industry Division: Wholesale trade, Services

Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores, metals and industrial chemicals

6499 Other financial service activities, except insurance and pension funding n.e.c.

Import/Export: Export

Banks: unknown

Organisation level: Ultimate Parent

Operational Figures

Coverage: Company

Figures: estimated

Employees: 38

Activity

MKS is a precious metals and financial services group of companies specializing in all aspects of gold and other precious metals processing and trading. It develops and maintains long-term relationships, and offers a wide range of services in those markets.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 660.0.318.979-2 / 221406

Legal form: Company limited by shares

Registration: 05.09.1979

Legal status: active

Responsible Register: Registre du commerce du canton de Genève

History: Date of Incorporation Statutes: 18.12.1990

Date of Statutes: 14.12.2011

Date of Statutes: 02.07.2003

Entry Deleted Name

19.12.2011 MKS (Switzerland) SA

19.12.2011 MKS Finance SA

Entry Deleted Legal domicile

active Genève, Switzerland

Entry Deleted Address

active Promenade Saint-Antoine 10, 1200 Genève/GE, Switzerland/CH

Entry Deleted Capital

active Share Capital CHF 30,000,000, paidup CHF 30,000,000

Entry Deleted Capital Structure

active 30,000 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Marwan Shakarchi, Origin: Cologny, Switzerland, Residential address: Meinier, Switzerland, joint signature of two

Director Venkata Gopalakrishnan, Origin: Vernier, Switzerland, Residential address: Voorschoten, Netherlands, joint signature of two, Registered since: 21.11.2008

Director Hans Isler, Origin: Turbenthal, Switzerland, Residential address: Confignon, Switzerland, joint signature of two, Registered since: 04.06.2014

Director Jean-Pierre Roth, Origin: Saxon, Switzerland, Residential address: Collonge-Bellerive , Switzerland, joint signature of two, Registered since: 04.06.2014

Director Karma Shakarchi-Liess, Origin: Cologny, Switzerland, Residential address: Cologny, Switzerland, joint signature of two

Director Stanley Walter, Origin: Schaffhouse, Switzerland, Residential address: Saint-Prex, Switzerland, joint signature of two

External Positions

Title Name

Auditor Ernst & Young SA, Residential address: Lancy, Switzerland, Registered since: 10.07.2003

Executive board

Title Name

Chief Executive Officer Marwan Shakarchi

Owner/-s

No. of Owner/-s: 1

Owner: The company is foreign owned.

Class: 100%

Type: direct

Name: MKS Holding B.V.

City/Country: Amsterdam, Netherlands/NL