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Report No. : |
309200 |
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Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LUDA COMMODITIES LIMITED |
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Registered Office : |
Piazza Molino Nuovo 17 6900 Lugano |
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Country : |
Switzerland |
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Date of Incorporation : |
24.11.2009 |
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Com. Reg. No.: |
501.9.013.814-6 |
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Legal Form : |
Branch of foreign company |
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Line of Business : |
Trading of ferrous and non-ferrous materials, worldwide |
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No. of Employee : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 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 |
LUDA COMMODITIES
LIMITED
Dublino,
Succursale di Lugano
Operating address
Piazza Molino Nuovo 17
6900 Lugano/TI
Switzerland/CH
Telephone: 091 9703525
Fax: 091 9702824
Web site: http://www.ludacommodities.ie
E-mail: info@ludacommodities.ch
WIN Worldbox No.: CH0008441742
VAT-No.: CHE-115.231.773 MWST
UID-No.: CHE115231773
Established: 2009
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
Quality certification: ISO 9001:2008
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2014
Employees: 9
Sales: CHF 60-80 Mio
The activities contains the trading of ferrous and non-ferrous
materials, worldwide.
Products:
Ferro Alloys: Ferro- Chrome (LC,MC, HC) Ferro Manganese (LC, MC, HC)
Ferro Molybdenum Ferro Niobium Ferro-Silicon 65 Ferro-Silicon 75 Ferro-Silicon Chrome
Ferro Silicon Zirconium Ferro Silicon Manganese Ferro Silicon Manganese LC
Ferro Titanium Ferro Vanadium Standard Sizes: 0-3, 1-3, 2-10, 10-50, 10-80,
10-100mm
Metals: Copper Chromium Metal Magnesium Metal Manganese Metal (Lumpy,
Flakes, Briquettes)
Non Ferous Metals: Aluminium Aluminium Alloys Copper Lead Nickel Silica
Fume
Real Estate: The company does not appear to
own any property.
Company No: 501.9.013.814-6
UID-No.: CHE115231773
Legal form: Branch of foreign company
Registration: 24.11.2009
Legal status: active
Responsible Register: Registro di commercio del Cantone Ticino
Entry Deleted Name
24.11.2009 LUDA COMMODITIES LIMITED,
Dublino, Succursale di Lugano
Entry Deleted Legal domicile
24.11.2009 Lugano, Switzerland
Entry Deleted Address
25.01.2010 Piazza Molino Nuovo 14, 6900
Lugano/TI, Switzerland/CH
24.11.2009 25.01.2010 Via
Pretorio, 6901 Lugano/TI, Switzerland/CH
Title Name
Chairman Slobodanka
Vlajcic
Citizen: Serbia
Residential
address: Ruvigliana (Lugano), Switzerland
single signature
Registered since:
21.02.2013
Title Name
Branch Director Slobodanka Vlajcic
Citizen: Serbia
Residential
address: Ruvigliana (Lugano), Switzerland
single signature
Registered since:
21.02.2013
WIN: IE0000023645
Name: LUDA COMMODITIES LIMITED
City/Country: Dublin, Ireland/IE
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
23.01.2013 2013 0
23.01.2013 2012 1 72,722.-- Legal actions
23.01.2013 2011 0
23.01.2013 2010 0
23.01.2013 2009 0
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.
Debt Collection Case:
MAY 2013: CHF 15'558.00, paid.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
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|
1 |
Rs.95.42 |
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Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.