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Report No. : |
304461 |
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Report Date : |
22.01.2015 |
IDENTIFICATION DETAILS
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Name : |
NOVEX TRADING (SWISS) SA |
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Registered Office : |
Riva Paradiso 2 Palazzo Mantegazza 6900 Paradiso/TI
Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
07.11.2007 |
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Com. Reg. No.: |
501.3.009.504-8 / 889442 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of metals and metal ores |
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No. of Employees : |
15 |
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) |
|
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 |
NOVEX TRADING
(SWISS) SA
Riva Paradiso 2
Palazzo Mantegazza
6900 Paradiso/TI
Switzerland/CH
Telephone: 091
9853040
Fax: 091
9853041
Web
site: http://www.nlmkgroup.com
E-mail: contact@novextrading.ch
WIN
Worldbox No.: CH0007678928
VAT-No.: CHE113916305
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
Employees: 15
The business activities includes trading in
steel products and metallurgical raw materials. The company is responsable for
the group sales to Europe, Turkey and North Africa, and global sales of dynamo
(non-grain-oriented) and transformer (grain-oriented) steel.
Real
Estate: The company owns
no property.
Company
No: 501.3.009.504-8 / 889442
Legal
form: Company limited by
shares
Registration: 07.11.2007
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
23.12.2011
Date of
Statutes: 17.09.2009
Date of
Statutes: 07.05.2008
Date of
Incorporation Statutes: 05.11.2007
Entry Deleted Name
07.11.2007 Novex
Trading (Swiss) SA
Entry Deleted Legal domicile
24.09.2009 Paradiso,
Switzerland
07.11.2007 24.09.2009 Lugano, Switzerland
Entry Deleted Address
24.09.2009 Riva
Paradiso 2, Palazzo Mantegazza, 6900 Paradiso/TI, Switzerland/CH
21.01.2008 24.09.2009 Riva Caccia 1, 6900 Lugano/TI, Switzerland/CH
07.11.2007 21.01.2008 c/o Studio legale Perucchi & Baggi, Via
Ferruccio Pelli 9, Casella postale 6263, 6901 Lugano/TI, Switzerland/CH
Entry Deleted Capital
29.12.2011 Share
Capital CHF 40,645,000, paidup CHF 40,645,000
07.11.2007 29.12.2011 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
29.12.2011 40,645
Registered shares of CHF 1,000.--
07.11.2007 29.12.2011 1,000 Registered shares of CHF 1,000.--
Title Name
President Alexander
Kozlov
Citizen:
Russia
Residential
address: Nicosia, Cyprus
single
signature
Registered
since: 07.11.2007
Director Giovanni
Zuccolotto
Citizen:
Mezzovico-Vira, Switzerland
Residential
address: 6966 Villa Luganese/TI, Switzerland
joint
signature of two
Registered
since: 17.09.2009
Title Name
Director Nicolò
Bisconti
Citizen:
Lugano, Switzerland
Residential
address: 6977 Ruvigliana/TI, Switzerland
single
signature
Registered
since: 04.12.2007
Director Andrey
Mamyshev
Citizen:
Russia
Residential
address: 6900 Paradiso/TI, Switzerland
single
signature
Registered
since: 04.12.2007
Director Paolo
Stämpfli
Citizen:
Bern, Switzerland
Residential
address: Massagno/TI, Switzerland
joint
signature of two
Registered
since: 05.06.2014
Title Name
Auditor PricewaterhouseCoopers
SA
Residential
address: Lugano, Switzerland
Id:
CH-514.9.014.248-1
Registered
since: 07.11.2007
Title Name
Chief
Executive Officer Nicolò Bisconti
Name: OJSC Novolipetsk Steel
City/Country: LIPETSK, Russia/RU
OJSC Novolipetsk
Steel
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD
Balance Sheet
Intangible fixed
assets 928,063.0 918,777.0 675,790.0 760,126.0
Tangible fixed
assets 11,753,157.0 10,569,828.0 8,382,478.0 7,316,180.0
Financial fixed
assets 19,293.0 8,420.0 687,665.0 468,236.0
other fixed assets 287,617.0 256,387.0 47,743.0 80,656.0
Fixed assets 12,988,130.0 11,753,412.0 9,793,676.0 8,625,198.0
Stocks 2,826,933.0 2,828,433.0 1,580,068.0 1,134,095.0
Liquid assets 951,247.0 797,169.0 747,979.0 1,247,048.0
Current assets 5,469,390.0 5,503,764.0 4,105,349.0 3,876,746.0
Total assets 18,457,520.0 17,257,176.0 13,899,025.0 12,501,944.0
Total shareholders equity 11,090,290.0 10,147,024.0 9,674,505.0 8,718,202.0
Minority interests 0.0 -41,863.0 -120,691.0 -108,334.0
long term debt
(financial debts) 2,815,554.0 3,073,535.0 2,098,863.0 1,938,652.0
Provisions 92,592.0 115,249.0 0.0 0.0
Other non current
liabilities 1,157,010.0 1,023,295.0 594,552.0 536,212.0
Non current
liabilities 4,065,156.0 4,212,079.0 2,693,415.0 2,474,864.0
Current liabilities 3,302,074.0 2,939,936.0 1,651,796.0 1,417,212.0
Total liabilities 18,457,520.0 17,257,176.0 13,899,025.0 12,501,944.0
Profit and loss
account
Net sales 12,156,592.0 11,728,556.0 8,350,748.0 6,139,895.0
Operating result 951,468.0 1,633,971.0 1,752,344.0 783,937.0
Result for the financial year 595,805.0 1,357,594.0 1,255,043.0 215,055.0
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: OJSC Novolipetsk Steel
City/Country: LIPETSK, Russia/RU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level 2
Name: NLMK International
B.V.
City/Country: Amsterdam, Netherlands/NL
Interest: 100,00% voting right, 100,00%
capital interest
It is believed that the company has no
investments.
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.
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 objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.93.49 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
DPT |
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 |
-- |
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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.