|
Report No. : |
308543 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEC METAL EXCHANGE INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Seefeldstrasse 45, 8008 Zürich/ZH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
10.04.2007 |
|
|
|
|
Com. Reg. No.: |
020.4.035.260-9/ 868895 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The business includes trading in non-ferrous metals and raw materials and
their processing. |
|
|
|
|
No. of Employees : |
6 |
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 |
MEC Metal Exchange
International GmbH
Seefeldstrasse 45
8008 Zürich/ZH
Switzerland/CH
Telephone: 043
4883667
Fax: 043
4883540
Web
site: http://www.metalexchangecorp.com
WIN
Worldbox No.: CH0007468219
VAT-No.: CHE-113.558.453 MWST
UID-No.: CHE113558453
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
Financial
year: 2014
Employees: 6
Sales: CHF 2-4 Mio
The business includes trading in non-ferrous
metals and raw materials and their processing. The company offers the following
products and services:
- Scrap (aluminum, copper and magnesium):
recycling services, transport of recycled material.
- Primary Commodities: primary aluminum,
aluminum billets, aluminum alloys, copper cathodes, magnesium.
- Secondary raw materials: sows and pigs
from Aluminiumumschmelzung, aluminum billets.
- Semi-finished aluminum flat-rolled
products, extrusions.
The company has more worldwide manufacturing
and processing plants.
Real
Estate: The company does
not appear to own any property.
Company
No: 020.4.035.260-9 / 868895
Legal
form: Limited Liability
Company
Registration: 10.04.2007
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
14.11.2011
Date of
Statutes: 01.04.2009
Date of
Incorporation Statutes: 02.04.2007
Entry Deleted Name
10.04.2007 MEC
Metal Exchange International GmbH
10.04.2007 MEC Metal
Exchange International S.à.r.l. (Name translated)
10.04.2007 MEC
Metal Exchange International LLC (Name translated)
10.04.2007 MEC
Metal Exchange International S.a.g.l. (Name translated)
Entry Deleted Legal domicile
10.04.2007 Zürich,
Switzerland
Entry Deleted Address
25.03.2008 Seefeldstrasse
45, 8008 Zürich, Switzerland/CH
10.04.2007 25.03.2008 Seefeldstrasse 69, 8008 Zürich, Switzerland/CH
Entry Deleted Capital
10.04.2007 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
24.06.2009 1
Participation shares of CHF 2,000.--
24.06.2009 1
Participation shares of CHF 18,000.--
10.04.2007 24.06.2009 1 Participation shares of CHF 2,000.--
Title Name
General
Manager Michael
Lefton
Citizen:
United States of America
Residential
address: St. Louis/MO, United States of America
single
signature
Registered
since: 24.06.2009
General
Manager Edward
Merz
Citizen:
United States of America
Residential
address: Chesterfield/MO, United States of America
single
signature
Registered
since: 24.06.2009
Chairman
of the management Friedhelm Grobler
Citizen:
Germany
Residential
address: 8000 Zürich, Switzerland
single
signature
Registered
since: 05.07.2010
Member
with procuration Benno Gisler
Citizen:
Spiringen, Switzerland
Residential
address: 6402 Küssnacht/ SZ, Switzerland
joint
power of attorney of two
Registered
since: 24.06.2009
Member
with procuration Craig Weber
Citizen:
United States of America
Residential
address: St. Louis/MO, United States of America
joint
power of attorney of two
Registered
since: 24.06.2009
Title Name
Auditor Ernst
& Young AG
Residential
address: Zürich, Switzerland
Id:
CH-020.9.001.069-0
Registered
since: 24.06.2009
Name: Metal Exchange International,
LLC
City/Country: Saint Louis, United States of
America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Metal Exchange
International, LLC
City/Country: Saint Louis, United States of
America/US
Capital
share: CHF 20,000.--
Interest: 100,00% voting right,
100,00% capital interest (since 10.04.2007)
It is believed that the company has no
investments.
Balance
sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
06.06.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal actions
31.12.2009 2009 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 World
Compliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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.62.28 |
|
|
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.