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Report No. : |
319652 |
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Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
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Name : |
NOVEX TRADING (SWISS) SA |
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|
|
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Registered Office : |
Riva Paradiso 2 Palazzo Mantegazza 6900
Paradiso/TI Switzerland/CH |
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|
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Country : |
Switzerland |
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|
|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
07.11.2007 |
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Com. Reg. No.: |
501.3.009.504-8 / 889442 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of metals and metal ores |
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No. of Employees : |
15 |
RATING & COMMENTS
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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 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Surrounded by South Africa, except for a short border with Mozambique, Swaziland depends heavily on South Africa from which it receives more than 90% of its imports and to which it sends 60% of its exports. Swaziland's currency is pegged to the South African rand, effectively subsuming Swaziland's monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union (SACU), and worker remittances from South Africa supplement domestically earned income. Swaziland’s GDP per capita makes it a lower middle income country but its income distribution is highly skewed, with an estimated 20% of the population controlling 80% of the nation’s wealth. Subsistence agriculture employs approximately 70% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp were major foreign exchange earners; however, the wood pulp producer closed in January 2010, and sugar is now the main export earner. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and floods persist as problems for the future. On 1 January 2015, Swaziland lost its eligibility for benefits under the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000 jobs in the textile and apparel sector; approximately 2,000 jobs were lost in 2014 in anticipation of the impending loss of AGOA benefits. As of 2013 more than one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the world’s highest HIV prevalence rate.
|
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.--
Title Name
President Alexander
Kozlov
Citizen:
Russia
Residential
address: Nicosia, Cyprus
single
signature
Registered
since: 07.11.2007
Director Giovanni
Zuccolotto
Citizen:
Mezzovico-Vira, Switzerland
Residential
address: 6966 Villa Luganese/TI, Switzerland
joint
signature of two
Registered
since: 17.09.2009
Title Name
Director Nicolò
Bisconti
Citizen:
Lugano, Switzerland
Residential
address: 6977 Ruvigliana/TI, Switzerland
single
signature
Registered
since: 04.12.2007
Director Andrey
Mamyshev
Citizen:
Russia
Residential
address: 6900 Paradiso/TI, Switzerland
single
signature
Registered
since: 04.12.2007
Director Paolo
Stämpfli
Citizen:
Bern, Switzerland
Residential
address: Massagno/TI, Switzerland
joint
signature of two
Registered
since: 05.06.2014
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
Name: OJSC Novolipetsk Steel
City/Country: LIPETSK, Russia/RU
OJSC Novolipetsk
Steel
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
Total liabilities 18,457,520.0 17,257,176.0 13,899,025.0 12,501,944.0
Profit and loss
account
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
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
appears to be good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
|
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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.