MIRA INFORM REPORT

Report No. :	307132
Report Date :	10.02.2015

IDENTIFICATION DETAILS

Name :	MB BARTER & TRADING AG
Registered Office :	Baarerstrasse 18, 6304 Zug/ZG, Switzerland/CH
Country :	Switzerland
Date of Incorporation :	24.07.1996
Com. Reg. No.:	020.3.916.879-9 / 115177
Legal Form :	Company limited by shares
Line of Business :	· Wholesale of other intermediate products · Wholesale of chemical products
No. of Employee :	50

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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

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

MB BARTER & TRADING AG

Operating address

Baarerstrasse 18

6304 Zug/ZG

Switzerland/CH

Telephone: 0417268383

Fax: 041 7268300

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

E-mail: info@mbbarter.ch

WIN Worldbox No.: CH0001126903

VAT-No.: CHE106479363

Profile

Established: 1982

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4676 Wholesale of other intermediate products

4675 Wholesale of chemical products

Import/Export: Import, Export

Banks: UBS Ltd

CS Credit Suisse

ZKB Zürcher Kantonalbank

Operational Figures

Coverage: Company

Figures: approximately

Employees: 50

Activity

The company market and distribute worldwide more than 600'000 metric tons of high quality polymers, rubber and chemical raw materials. More than 80 % of these products are sourced under long term purchase contracts.

Products:

- Polyethylene (PE):

- Low Density Polyethylene (LDPE)

- Linear Low Density Polyethylene (LLDPE)

- High Density Polyethylene (HDPE)

- Medium Density Polyethylene (MDPE)

- Polypropylene (PP):

- Homopolymer

- Impact Copolymer

- Random Copolymer

- Polyethylene Terephthalate (PET):

- PET Bottle

- PET Fiber

- Polyvinyl Chloride (PVC)

- Ethylene Vinyl Acetate (EVA)

- Styrenics:

- Acrylonitrile Butadiene Styrenics (ABS)

- Expanded Polystyrene (EPS)

- General Purpose Polystyrene (GPPS)

- High Impact Polystyrenics (HIPS)

- Rubbers:

- Polybutadiene Rubber (PBR)

- Styrene Butadiene Rubber (SBR)

- Chemical Gases:

- Ethylene

- Propylene

- Butadiene

- Masterbatch

- Regranulat

Real Estate

Information on property ownership was not available.

Company Register

Company No: 020.3.916.879-9 / 115177

Legal form: Company limited by shares

Registration: 24.07.1996

Legal status: active

Responsible Register: Handelsregister des Kantons Zug (since 24.07.1996)

History: Date of Incorporation Statutes: 22.07.1996

Entry Deleted Name

24.07.1996 MB Barter & Trading AG

Entry Deleted Legal domicile

24.07.1996 Zug, Switzerland

24.07.1996 Thalwil, Switzerland

Entry Deleted Address

24.07.1996 Baarerstrasse 18, 6300 Zug/ZG, Switzerland/CH

Entry Deleted Capital

24.07.1996 Share Capital CHF 4,000,000, paidup CHF 4,000,000

Entry Deleted Capital Structure

24.07.1996 4,000 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Thomas Endres

Citizen: Germany

Residential address: Freienbach, Switzerland

joint signature of two

Registered since: 24.07.1996

Vice-President Dr. Marcel Lustenberger

Citizen: Zürich, Switzerland

Residential address: 8704 Herrliberg/ZH, Switzerland

joint signature of two

Registered since: 01.07.2011

Director Philipp Endres

Citizen: Germany

Residential address: Baar, Switzerland

joint signature of two

Registered since: 07.09.2005

Management

Title Name

Director Martin Maximilian Endres

Citizen: Germany

Residential address: Richterswil, Switzerland

joint signature of two

Registered since: 01.05.2013

Director Roland Carl Huwyler

Citizen: Dietwil, Switzerland

Residential address: Merenschwand, Switzerland

joint signature of two

Registered since: 21.11.2011

Director Gerhard Zurmühle

Citizen: Zürich, Switzerland

Residential address: 8309 Nürensdorf/ZH, Switzerland

joint signature of two

Registered since: 23.03.2011

External Positions

Title Name

Auditor KBT Revisions AG

Residential address: Zürich, Switzerland

Registered since: 03.01.2008

Executive board

Title Name

Chief Executive Officer Thomas Endres

Chief Financial Officer Roland Carl Huwyler

Chief Sales Officer Martin Maximilian Endres

Chief Business Segment Officer Philipp Endres

Chief Business Segment Officer Gerhard Zurmühle

Ultimate Parent Company

Name: MB Barter & Trading Holding AG

City/Country: Zug/ZG, Switzerland/CH

Owner/-s

No. of Owner/-s: 1

Owner: The company is domestic owned.

Class: 100%

Type: direct, Group-Level 1

Name: MB Barter & Trading Holding AG

City/Country: Zug/ZG, Switzerland/CH

Interest: 100,00% voting right, 100,00% capital interest (since 1989)

Investments

It is believed that the company has no investments.

Financials

Balance sheet publication:

The subject company does not publish balance sheet or turnover figures.

Legal Actions

Control date Year No. Amount CHF Status

19.10.2010 2010 0

31.12.2009 2009 0

31.12.2008 2008 0

31.12.2007 2007 0

31.12.2006 2006 0

31.12.2005 2005 0

31.12.2004 2004 0

31.12.2003 2003 0

31.12.2002 2002 0

31.12.2001 2001 0

31.12.2000 2000 0

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.

Sanctions List

The company is not listed in the WorldCompliance database.

Remarks

Debt collection case:

OKT 2001: FRF 29'850.--, payment after demand

Credit Information

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 in order.

Payment experiences: Payments are made with arranged conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.14
UK Pound	1	Rs.94.78
Euro	1	Rs.70.38

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	DPT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.