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Report No. : |
309000 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
COECLERICI COMPAGNIE SA |
|
|
|
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Registered Office : |
Riva Paradiso 2, 6900 Lugano Paradiso/TI |
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|
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Country : |
Switzerland |
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Date of Incorporation : |
22.12.2003 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Subject is engaged in trading of coal, coking coal, pci, coke, pet
coke and anthracite. |
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No. of Employee : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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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.
|
Source
: CIA |
COECLERICI COMPAGNIE SA
Operating address:
Riva Paradiso 2
6900 Lugano
Paradiso/TI
Switzerland/CH
Telephone: 091
6829591
Fax: 091
6829593
Web
site: http://www.coeclerici.com
E-mail: cclugano@coeclerici.com
WIN
Worldbox No.: CH0006077682
VAT-No.: CHE-110.366.549 MWST
UID-No.: CHE110366549
Established: 2003
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: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 5
The core business activities include the
worldwide trading of coal, coking coal, pci, coke, pet coke and anthracite. The
company operates with the major world producers of raw materials like
Consolidation Energy/USA and Coal & Allied (Rio Tinto)/AUS. Services
offered includes market intelligence, negotiation assistance, coal delivery
scheduling, technical support at discharging ports and customer facilities,
coal promotion activities, financing coal mines.
Real
Estate: The company does
not appear to own any property.
Company
No: 514.3.027.770-9 / 731862
Legal
form: Company limited by
shares
Registration: 22.12.2003
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes: 03.03.2014
Date of
Statutes: 31.01.2014
Date of
Statutes: 07.04.2011
Date of
Statutes: 25.05.2007
Date of
Statutes: 11.05.2006
Date of
Incorporation Statutes: 17.12.2003
Entry Deleted Name
22.12.2003 COECLERICI
COMPAGNIE SA
Entry Deleted Legal domicile
04.02.2014 Paradiso,
Switzerland
25.05.2007 04.02.2014 Massagno, Switzerland
22.12.2003 25.05.2007 Lugano, Switzerland
Entry Deleted Address
04.02.2014 Riva
Paradiso 2, 6900 Paradiso/TI, Switzerland/CH
25.05.2007 04.02.2014 Via Dunant 13, 6908 Massagno, Switzerland/CH
22.12.2003 25.05.2007 Viale Stefano Franscini 1, 6900 Lugano,
Switzerland/CH
Entry Deleted Capital
05.03.2014 Share
Capital CHF 10,000,000, paidup CHF 10,000,000
21.06.2011 05.03.2014 Share Capital CHF 5,000,000, paidup CHF
5,000,000
25.05.2007 21.06.2011 Share Capital CHF 12,000,000, paidup CHF
12,000,000
Entry Deleted Capital Structure
05.03.2014 10,000
Registered shares of CHF 1,000.--
21.06.2011 05.03.2014 5,000 Registered shares of CHF 1,000.--
25.05.2007 21.06.2011 12,000 Registered shares of CHF 1,000.--
Title Name
President Giorgio
Invernizzi
Citizen:
Italy
Residential
address: Verbier (Bagnes), Switzerland
joint
signature of two
Registered
since: 10.11.2011
Chief
Executive Giovanni
Marchelli
Citizen:
Italy
Residential
address: Genova, Italy
joint
signature of two
Registered
since: 25.05.2007
Director Christian
Ballabio
Citizen:
Morbio Inferiore, Switzerland
Residential
address: 6945 Origlio, Switzerland
joint
signature of two
Registered
since: 15.05.2007
Title Name
Member
with procuration Paola Bazzana
Citizen:
Italy
Residential
address: Milano , Italy
joint
power of attorney of two
Registered
since: 17.12.2013
Title Name
Auditor Deloitte
AG
Residential
address: Lugano, Switzerland
Id:
CHE-193.020.143
Registered
since: 08.10.2014
Title Name
Chief
Executive Officer Giovanni
Marchelli
Name: Fincler S.r.l.
City/Country: Milano, Italy/IT
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Fincler S.r.l.
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest (since 22.12.2003)
Class: 100%
Type: indirect, Group-Level
2
Name: Coeclerici SpA
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest (since 22.12.2003)
Class: 100%
Type: direct, Group-Level 3
Name: Coeclerici Coal and
fuels SpA
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest (since 22.12.2003)
Name: Coeclerici Asia (Pte.)
Ltd
City/Country: Singapore, Singapore/SG
Class: 100%
Name: DAKO Coal GmbH
City/Country: Witten/Nordrhein-Westfalen, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2013)
Class: 100%
Name: OAO Kuznetskaya
Investitsionno - Stroitelnaya Compania
City/Country: Novokuznetsk, Russia/RU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: OOO Scc-Rozko
City/Country: Russia/RU
Interest: 100,00% voting right,
100,00% capital interest
Class: 40-49%
Name: OOO Obshestvos
ogranichennojotvetsvennost''ju Delta Property
City/Country: Russia/RU
Interest: 49,00% voting right,
49,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
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.
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
appears to be good.
Payment
experiences: There are no unfavourable
reports regarding the financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.04 |
|
|
1 |
Rs.96.02 |
|
Euro |
1 |
Rs.70.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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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.