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Report No. : |
302507 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
METINVEST
INTERNATIONAL SA |
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Registered Office : |
Rue Vallin 2, 1201 Genève/GE |
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Country : |
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Date of Incorporation : |
04.04.1997 |
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Com. Reg. No.: |
660.0.629.997-0 / 397853 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The company is a steel and iron ore trading company. The company’s core
business activity is sales of iron ore, semi-finished and finished steel
products manufactured by Metinvest Group’s mining
and steelmaking enterprises. |
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No. of Employee : |
56 |
RATING & COMMENTS
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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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
METINVEST
INTERNATIONAL SA
Rue Vallin 2
1201 Genève/GE
Switzerland/CH
Telephone: 022 9061828
Fax: 022 9061829
Web site: http://www.metinvest-international.com
E-mail: switzerland@metinvest-international.com
WIN Worldbox No.: CH0003122985
VAT-No.: CHE108591775
Established: 1997
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: 56
The company is a steel and iron ore trading company. The company’s core business
activity is sales of iron ore, semi-finished and finished steel products
manufactured by Metinvest Group’s mining and
steelmaking enterprises. The company has representations in Istanbul (Turkey),
Beirut (Lebanon), Beijing (China), Vilnius (Lithuania), Ashgabat
(Turkmenistan), Tunis (Tunisia), Dubai (UAE) and Singapore (Singapore). It
enjoys an enhanced presence across the other markets with its confirmed agents’
networks such as in the Dominican Republic to cover Central and South America,
and in Canada, servicing customers in North America.
Information on property ownership was not available.
Company No: 660.0.629.997-0 /
397853
Legal form: Company limited
by shares
Registration: 04.04.1997
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date of Statutes:
27.07.2010
Date of Statutes:
04.12.2007
Date of Statutes:
18.01.2006
Date of Statutes:
25.07.2002
Date of Statutes:
14.08.1997
Date of Incorporation
Statutes: 02.04.1997
Entry Deleted Name
06.12.2007 Metinvest International SA
04.04.1997 06.12.2007 Leman Commodities SA
Entry Deleted Legal domicile
04.04.1997 Genève, Switzerland
Entry Deleted Address
23.03.2006 Rue Vallin 2, 1200 Genève/GE,
Switzerland/CH
24.07.1997 23.03.2006 Quai du Mont-Blanc 3, 1200 Genève/GE,
Switzerland/CH
04.04.1997 24.07.1997 c/o Berney Conseil SA, rue du Nant 8, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
23.01.2006 Share
Capital CHF 50,000,000, paidup CHF 50,000,000
29.07.2002 23.01.2006 Share Capital CHF 7,500,000, paidup CHF 7,500,000
04.04.1997 29.07.2002 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
23.01.2006 50,000
Registered shares of CHF 1,000.--
29.07.2002 23.01.2006 7,500 Registered shares of CHF 1,000.--
21.08.1997 29.07.2002 100 Registered shares of CHF 1,000.--
04.04.1997 21.08.1997 100 Bearer shares of CHF 1,000.--
Title Name
President Mar'yan Maksymovych
Citizen: Ukraine
Residential address: Corsier/GE, Switzerland
single signature
Registered since:
07.01.2008
Director Raymond Liefooghe
Citizen: Genève, Switzerland
Residential address:
1200 Genève/GE, Switzerland
single signature
Registered since:
12.09.2007
Director Dmytro
Nikolayenko
Citizen: Ukraine
Residential address:
Kiev, Ukraine
without signature
Registered since:
20.05.2014
Director Joseph Riedweg
Citizen: Genève, Switzerland
Residential address:
1232 Confignon/GE, Switzerland
single signature
Registered since:
22.06.2005
Director, Director Alexey Kutepov
Citizen: Russia
Residential address: Dolgoprudny, Russia
without signature
Registered since:
20.05.2014
Title Name
Member with procuration Jozef Cizmar
Citizen: Slovakia
Residential address: 1200
Genève/GE, Switzerland
joint power of attorney
of two
Registered since:
04.03.2009
Member with procuration Paiva Cristina Da
Silva Esteves
Citizen: Portugal
Residential address: Arzier, Switzerland
joint power of attorney
of two
Registered since:
19.12.2011
Member with procuration Lasma Osina
Citizen: Latvia
Residential address:
1182 Gilly/VD, Switzerland
joint power of attorney
of two
Registered since:
07.01.2008
Member with procuration Vadim Pron
Citizen: Ukraine
Residential address:
1200 Genève/GE, Switzerland
joint power of attorney
of two
Registered since:
07.10.2009
Member with procuration Patrick Zingrich
Citizen: Saxeten, Switzerland
Residential address: Chexbres, Switzerland
joint power of attorney
of two
Registered since: 19.12.2011
Title Name
Auditor PricewaterhouseCoopers SA
Residential address: Genève, Switzerland
Id: CH-660-1784998-4
Title Name
Chief Executive Officer Mar'yan Maksymovych
Ultimate Parent Company
Name: JSC System Capital
Management (SCM)
City/Country: Donetsk, Ukraine/UA
No. of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Metinvest
BV
City/Country: The Hague,
Netherlands/NL
Interest: 100,00% voting
right, 100,00% capital interest (since 2005)
Class: 50-100%
Type: indirect, Group-Level 1
Name: JSC System Capital
Management (SCM)
City/Country: Donetsk, Ukraine/UA
Interest: 75,00% voting
right, 75,00% capital interest (since 2005)
Class: 100%
Name: METINVEST TRAMETAL S.P.A.
City/Country: Italy/IT
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
09.09.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 0
31.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
24.10.2006 2006 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.
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 good.
Payment experiences: Financial obligations are paid promptly.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.76 |
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|
1 |
Rs.94.02 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
TPT |
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.