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Report No. : |
334099 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
NOBLE RESOURCES SA |
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Registered Office : |
Route de Ferney 207, 1218 Le Grand-Saconnex/GE |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
18.07.2001 |
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Com. Reg. No.: |
550.1.025.770-5 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
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No. of Employee : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
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 demand for Swiss exports, and put Switzerland into a recession. During this period the Swiss National Bank (SNB) 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 unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continues to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January of 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners, including the EU, the US, and international institutions to reform its banking secrecy laws. In response to that international pressure, the Swiss government has agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, while openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
NOBLE RESOURCES SA
Route de Ferney 207 Branch:
1218 Le
Grand-Saconnex/GE Avenue
des Mousquines 4
Switzerland/CH 1005
Lausanne/VD
Switzerland/CH
Telephone: 022
5926800 021
3310890
Fax: 021
3310891 021
3310891
Web site: http://www.thisisnoble.com
E-mail: noble@thisisnoble.com
WIN Worldbox No.: CH0005042911
VAT-No.: CHE-109.282.756
MWST
UID-No.: CHE109282756
Established: 2001
Line of Business: Trade brokers
Industry Division: Wholesale trade
Industry-code
(NACE): 4611 Agents involved in the sale of agricultural raw materials,
live animals, textile raw materials and semi-finished goods
4612 Agents involved in the sale of fuels,
ores, metals and industrial chemicals
4617 Agents involved in the sale of food,
beverages and tobacco
Import/Export: Agency
Banks: UBS
Ltd
BNP
Paribas (Suisse) SA
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 130
Sales: CHF 200-400 Mio
This company
specializes in trading commodities in any form, including:
Agriculture:
- Cocoa
- Coffee
- Cotton
- Fertilizers
- Sugar, cereals,
grains
Metals:
- Aluminium
- Ferro-alloys
Energy:
- Clean fuels
- Coal
- Petrochemicals
It also serves as a
service and support center for companies within the Noble Group.
Real Estate: The company owns no
property.
Company No: 550.1.025.770-5
UID-No.: CHE109282756
Legal form: Company limited by shares
Registration: 18.07.2001
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date of Statutes:
13.10.2011
Date
of Incorporation Statutes: 10.07.2001
Entry Deleted Name
active Noble
Resources SA
active Noble
Resources AG (Name translated)
active Noble
Resources Ltd (Name translated)
Entry Deleted Legal domicile
active Le
Grand-Saconnex, Switzerland
removed Lausanne, Switzerland
Entry Deleted Address
active Route
de Ferney 207, 1218 Le Grand-Saconnex/GE, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 3,900,000, paidup CHF 3,900,000
Entry Deleted Capital Structure
active 3,900
Registered shares with restricted transferability of CHF 1,000.--
Title Name
President Thomas
Daetwyler
Citizen:
Stafellbach, Switzerland
Residential
address: Venthône, Switzerland
joint
signature of two
Registered
since: 18.05.2015
Director Mahesh
Manoharlal Asrani
Citizen:
Singapore
Residential
address: Singapour, Singapore
joint
signature of two
Registered
since: 12.09.2012
Director David
Walker Heggie
Citizen:
United Kingdom
Residential
address: Lutry, Switzerland
joint
signature of two
Registered
since: 18.05.2015
Director Henry
Nizan
Citizen:
Cham, Switzerland
Residential
address: 6300 Zoug/ZG, Switzerland
joint signature of two
Director Marcus
Seelbach
Citizen: Germany
Residential
address: Genève , Switzerland
joint signature of two
Title Name
Auditor Ernst
& Young SA
Residential address: Lausanne, Switzerland
Name: Noble
Group Limited
City/Country: Wanchai/Hong
Kong Island, Hong Kong/HK
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th.
USD th.
USD
Statement norm: IAS IAS IAS IAS IAS
Intangible fixed
assets 354,038.0 771,768.0 794,700.0 832,997.0 359,523.0
Land and buildings 207,723.0 458,651.0 864,382.0 785,594.0 443,811.0
Other tangible fixed assets 731,142.0 2,530,581.0 2,005,882.0 1,770,410.0 1,771,980.0
Tangible fixed assets 938,865.0 2,989,232.0 2,870,264.0 2,556,004.0 2,215,791.0
Financial fixed assets 2,366,074.0 1,295,520.0 1,150,769.0 262,944.0 1,137,717.0
other fixed assets 469,258.0 958,724.0 831,273.0 959,872.0 1,255,890.0
Fixed assets 4,128,235.0 6,015,244.0 5,647,006.0 4,611,817.0 4,968,921.0
Stocks 2,287,076.0 3,089,969.0 3,401,713.0 2,851,608.0 3,968,097.0
Trade accounts receivable 3,704,142.0 3,138,256.0 3,441,150.0 2,705,734.0 2,061,274.0
Cash & Cash Equivalents 903,822.0 1,055,952.0 751,112.0 1,548,600.0 1,605,589.0
other trade accounts 8,439,474.0 5,618,067.0 5,490,942.0 7,449,021.0 4,182,453.0
Accruals 539,611.0 794,593.0 968,149.0 663,519.0 551,215.0
Other current assets 9,882,907.0 7,468,612.0 7,210,203.0 9,661,140.0 6,339,257.0
Current assets 15,874,125.0 13,696,837.0 14,053,066.0 15,218,482.0 12,368,628.0
Total assets 20,002,360.0 19,712,081.0 19,700,072.0 19,830,299.0 17,337,549.0
Capital 216,357.0 213,850.0 209,489.0 206,152.0 193,492.0
Other shareholders funds 4,840,744.0 4,942,970.0 4,930,584.0 4,380,912.0 3,779,485.0
Total shareholders equity 5,057,101.0 5,156,820.0 5,140,073.0 4,587,064.0 3,972,977.0
Minority interests 6,864.0 10,091.0 42,291.0 703,091.0 458,212.0
long term debt (financial debts) 718,101.0 1,280,290.0 1,973,439.0 2,656,344.0 4,285,188.0
Other non current liabilities 2,289,618.0 2,854,004.0 2,681,275.0 3,165,050.0 566,938.0
Non current liabilities 3,007,719.0 4,134,294.0 4,654,714.0 5,821,394.0 4,852,126.0
short term debt (financial debts) 440,141.0 1,951,372.0 684,736.0 655,318.0 1,839,091.0
Trade accounts payable 6,372,543.0 5,045,039.0 4,746,478.0 3,664,200.0
other accounts payable 5,117,992.0 3,414,465.0 4,431,780.0 8,063,432.0 2,550,943.0
other current liabilities 5,117,992.0 3,414,465.0 4,431,780.0 8,063,432.0 2,550,943.0
Current liabilities 11,930,676.0 10,410,876.0 9,862,994.0 8,718,750.0 8,054,234.0
Shareh. equity, min. int. & liabilities 20,002,360.0 19,712,081.0 19,700,072.0 19,830,299.0 17,337,549.0
Sales 97,604,551.0 97,878,345.0 94,045,115.0 80,732,072.0
Net sales 97,604,551.0 97,878,345.0 94,045,115.0 80,732,072.0 56,696,058.0
Other operating revenue 817.0 1,893.0 118,297.0 99,013.0
Operating revenue 97,605,368.0 97,880,238.0 94,045,115.0 80,850,369.0 56,795,071.0
Cost of goods sold 96,077,085.0 94,372,842.0 92,541,789.0 79,251,873.0 55,063,992.0
Gross profit 1,528,283.0 3,507,396.0 1,503,326.0 1,598,496.0 1,731,079.0
Other operating
expenses 1,014,319.0 2,913,836.0 703,924.0 718,243.0 701,635.0
Operating result 513,964.0 593,560.0 799,402.0 880,253.0 1,029,444.0
Interest revenues 55,777.0 74,199.0 54,152.0
other financial revenues 1,614.0 59,798.0 145,719.0 84,229.0 6,096.0
Financial income 57,391.0 59,798.0 219,918.0 84,229.0 60,248.0
Interest expenses 332,978.0 399,493.0 416,125.0 446,498.0 360,316.0
other financial expenses 157,301.0 148,157.0 28,777.0 180,622.0 6,459.0
Financial expenses 490,279.0 547,650.0 444,902.0 627,120.0 366,775.0
Financial result -432,888.0 -487,852.0 -224,984.0 -542,891.0 -306,527.0
Result before extraordinary items 81,076.0 105,708.0 574,418.0 337,362.0 722,917.0
Extraordinary Result 0.0 0.0 0.0 0.0 0.0
Result before taxes 81,076.0 105,708.0 574,418.0 337,362.0 722,917.0
Taxes -51,448.0 7,273.0 -29,136.0 63,645.0 115,868.0
Result before
minority interests 132,524.0 98,435.0 603,554.0 273,717.0 607,049.0
minority interests 493.0 -6,101.0 -51,091.0 29,292.0 1,489.0
Result for the financial year 132,031.0 104,536.0 654,645.0 244,425.0 605,560.0
Depreciation 136,402.0 264,607.0 234,898.0 141,725.0 100,249.0
Cash flow 268,926.0 363,042.0 838,452.0 415,442.0 707,298.0
Cash flow from operating activities -1,103,740.0 805,471.0 893,093.0 2,319,998.0 -1,343,414.0
Investments in tangible fixed assets 391,455.0 472,287.0 612,482.0
Cash flow from investing activities 1,861,641.0 -796,210.0 -492,005.0 -1,484,528.0 -1,235,262.0
Cash flow from financing activities -1,171,376.0 362,144.0 -1,026,064.0 -322,974.0 2,792,826.0
Others -1,793.0 -5,932.0 -28,378.0 -120,527.0 31,549.0
Change in liquidity -415,268.0 365,473.0 -653,354.0 391,969.0 245,699.0
Liquidity at beginning of the year 969,544.0 604,071.0 1,257,425.0 865,456.0 619,757.0
Liquidity at end of the year 554,276.0 969,544.0 604,071.0 1,257,425.0 865,456.0
Cost of employees 411,507.0 500,896.0 442,248.0 429,717.0 462,860.0
Added value 961,963.0 1,270,704.0 1,667,689.0 1,355,302.0 1,646,342.0
Working Capital -381,325.0 1,183,186.0 2,096,385.0 5,557,342.0 2,365,171.0
Net Current Assets 3,943,449.0 3,285,961.0 4,190,072.0 6,499,732.0 4,314,394.0
Sales per Employee 51,370.8 6,254.6 6,269.7 5,766.6 7,087.0
Gross cost land and buildings 228,063.0 521,261.0 1,018,270.0 844,082.0 486,383.0
Gross cost other tangible fixed assets 1,037,178.0 3,218,150.0 2,360,092.0 2,009,383.0 1,980,644.0
Gross cost total 1,265,241.0 3,739,411.0 3,378,362.0 2,853,465.0 2,467,027.0
Employees at year end 1,900 15,649 15,000 14,000 8,000
Offices 60 135
No.
of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Noble
Group Limited
City/Country: Wanchai/Hong
Kong Island, Hong Kong/HK
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: Noble
Chartering SA
City/Country: Le
Grand-Saconnex/GE, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: NOBLE
RESOURCES INTERNATIONAL SA
City/Country: Le
Grand-Saconnex/GE, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Balance sheet publication:
The subject company does not publish balance sheet
or turnover figures.
Control date Year No. Amount CHF Status
07.11.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 1 2,318,188.-- Opposition filed
31.12.2010 2010 2 4,515,265.-- Opposition filed
31.12.2009 2009 1 2,112,632.-- Opposition filed
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
Official bankruptcy
reports:
No bankruptcy
publications available on the subject.
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.
The company is not listed in the WorldCompliance
database.
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: Financial obligations are met as
appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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 |
|
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.