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Report No. : |
316198 |
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Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
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Name : |
IMR METALLURGICAL RESOURCES AG |
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Registered Office : |
Lindenstrasse 4, 6340 Baar/ZG, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
29.03.2004 |
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Com. Reg. No.: |
170.3.027.117-0 / 742021 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The business activities include international trade in raw materials such
as coal and coke, iron ore, chrome ore for steel production, as well as trade
in steel products. The activities are made on a international level. |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
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Source
: CIA |
IMR METALLURGICAL RESOURCES AG
Lindenstrasse 4
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7689595
041
7232347
Web site: http://joehwg.globalimporter.net
WIN Worldbox No.: CH0006179274
VAT-No.: CHE110598195
Established: 2004
Line of Business: Trade
brokers
Industry Division: Wholesale
trade
Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Banks: UBS
Ltd
CS
Credit Suisse
Coverage: Company
Figures: estimated
Financial year: 2014
Employees: 4
The business activities includes international trade in raw materials
such as coal and coke, iron ore, chrome ore, etc. for steel production, as well
as trade in steel products. The activity are made on a international level.
Real Estate: The
company owns no property.
Company No: 170.3.027.117-0
/ 742021
Legal form: Company
limited by shares
Registration: 29.03.2004
Legal status: active
Responsible Register: Handelsregister
des Kantons Zug
History: Date
of Statutes: 23.12.2008
Date
of Statutes: 29.03.2004
Date
of Incorporation Statutes: 23.03.2004
Entry Deleted Name
29.03.2004 IMR
Metallurgical Resources AG
Entry Deleted Legal
domicile
29.03.2004 Zug,
Switzerland
Entry Deleted Address
29.03.2004 Dammstrasse
19, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
29.03.2004 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital
Structure
29.03.2004 10,000
Bearer shares of CHF 10.--
Title Name
President Hans-Rudolf
Wild
Citizen:
Richterswil, Switzerland
Residential
address: 6300 Zug/ZG, Switzerland
joint
signature of two
Registered
since: 29.03.2004
Chief Executive Anirudh
Misra
Citizen:
United Kingdom
Residential
address: Northgate, United Kingdom
joint
signature of two
Registered
since: 29.03.2004
Director Erich
A. Kalt
Citizen:
Zug, Switzerland
Residential
address: 6300 Zug/ZG, Switzerland
joint
signature of two
Registered
since: 27.05.2005
External Positions
Title Name
Auditor MOORE
STEPHENS ZUG AG
Residential
address: Zug, Switzerland
Id:
CH-170.3.032.113-3
Executive board
Title Name
Chief Executive Officer Hans-Rudolf
Wild
Name: IMR
Holding AG
City/Country: Zug/ZG,
Switzerland/CH
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Type: direct,
Group-Level 1
Name: IMR
Holding AG
City/Country: Zug/ZG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 05.01.2005)
It is believed that the company has no investments.
Control date Year No. Amount
CHF Status
04.10.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 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.
Other offices:
U.K.
6TH floor 49ST.
James's street
London SW1A 1JT
tel:+44 207 409 0000
China
Room 1106, North Building
New World Center
3B Chongwenmenwai Dajie
Beijing
tel: +86 10 67089811
India
40/7 Ballygunge Circular Road
Calcutta
tel: 91 33 2461 4480
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 difficult to assess.
Payment experiences: Unknown
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.92.74 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
-- |
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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.