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Report No. : |
305052 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
NOBLE RESOURCES SA |
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Registered Office : |
Route de Ferney 207 1218 Le Grand-Saconnex/GE Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
18.07.2001 |
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Com. Reg. No.: |
550.1.025.770-5 / 628735 |
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Legal Form : |
550.1.025.770-5 / 628735 |
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Line of Business : |
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No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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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 – 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 |
NOBLE RESOURCES SA
Route de Ferney
207 Branch:
1218 Le
Grand-Saconnex/GE Avenue
des Mousquines 4
Switzerland/CH 1005
Lausanne/VD
Switzerland/CH
Telephone: 022
5926800 021
3310890
Fax: 021
3310891 021
3310891
Web
site: http://www.thisisnoble.com
E-mail: noble@thisisnoble.com
WIN
Worldbox No.: CH0005042911
VAT-No.: CHE109282756
Established: 2001
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4611 Agents involved in the sale of
agricultural raw materials, live animals, textile raw materials and
semi-finished goods
4612 Agents involved in the sale of fuels,
ores, metals and industrial chemicals
4617 Agents involved in the sale of food,
beverages and tobacco
Import/Export: Agency
Banks: UBS Ltd
BNP Paribas
(Suisse) SA
Coverage: Company
Figures: approximately
Employees: 130
Sales: CHF 200-400 Mio
This company specializes in trading
commodities in any form, including:
Agriculture:
- Cocoa
- Coffee
- Cotton
- Fertilizers
- Sugar, cereals, grains
Metals:
- Aluminium
- Ferro-alloys
Energy:
- Clean fuels
- Coal
- Petrochemicals
It also serves as a service and support
center for companies within the Noble Group.
Real
Estate: The company owns
no property.
Company
No: 550.1.025.770-5 / 628735
Legal
form: Company limited by
shares
Registration: 18.07.2001
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
13.10.2011
Date of
Incorporation Statutes: 10.07.2001
Entry Deleted Name
active Noble
Resources SA
active Noble
Resources AG (Name translated)
active Noble
Resources Ltd (Name translated)
Entry Deleted Legal domicile
active Le
Grand-Saconnex, Switzerland
removed Lausanne, Switzerland
Entry Deleted Address
active Route
de Ferney 207, 1218 Le Grand-Saconnex/GE, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 3,900,000, paidup CHF 3,900,000
Entry Deleted Capital Structure
active 3,900
Registered shares with restricted transferability of CHF 1,000.--
Title Name
President Paul
Marland, Origin: United Kingdom, Residential address: Genève, Switzerland,
joint signature of two, Registered since: 12.09.2012
Director Mahesh
Manoharlal Asrani, Origin: Singapore, Residential address: Genève, Switzerland,
joint signature of two, Registered since: 12.09.2012
Director Henry
Nizan, Origin: Cham, Switzerland, Residential address: 6300 Zoug/ZG,
Switzerland, joint signature of two
Director Marcus
Seelbach, Origin: Germany, Residential address: Londres , United Kingdom, joint
signature of two
Title Name
Auditor Ernst
& Young SA, Residential address: Lausanne, Switzerland
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Balance Sheet
Intangible fixed
assets 771,768.0 794,700.0 832,997.0 359,523.0 41,496.0
Land and buildings 458,651.0 864,382.0 785,594.0 443,811.0 202,355.0
Other tangible
fixed assets 2,530,581.0 2,005,882.0 1,770,410.0 1,771,980.0 1,320,295.0
Tangible fixed
assets 2,989,232.0 2,870,264.0 2,556,004.0 2,215,791.0 1,522,650.0
Financial fixed
assets 1,295,520.0 1,150,769.0 262,944.0 1,137,717.0 227,665.0
other fixed assets 958,724.0 831,273.0 959,872.0 1,255,890.0 354,742.0
Fixed assets 6,015,244.0 5,647,006.0 4,611,817.0 4,968,921.0 2,146,553.0
Stocks 3,089,969.0 3,401,713.0 2,851,608.0 3,968,097.0 3,414,566.0
Trade accounts
receivable 3,138,256.0 3,441,150.0 2,705,734.0 2,061,274.0 1,140,571.0
Liquid assets 1,055,952.0 751,112.0 1,548,600.0 1,605,589.0 937,287.0
other trade
accounts 5,618,067.0 5,490,942.0 7,449,021.0 4,182,453.0 2,741,215.0
Accruals 794,593.0 968,149.0 663,519.0 551,215.0 274,830.0
Other current
assets 7,468,612.0 7,210,203.0 9,661,140.0 6,339,257.0 3,953,332.0
Current assets 13,696,837.0 14,053,066.0 15,218,482.0 12,368,628.0 8,508,469.0
Total assets 19,712,081.0 19,700,072.0 19,830,299.0 17,337,549.0 10,655,022.0
Capital 213,850.0 209,489.0 206,152.0 193,492.0 123,493.0
Other shareholders
funds 4,942,970.0 4,930,584.0 4,380,912.0 3,779,485.0 2,831,944.0
Total shareholders
equity 5,156,820.0 5,140,073.0 4,587,064.0 3,972,977.0 2,955,437.0
Minority interests 10,091.0 42,291.0 703,091.0 458,212.0 82,757.0
long term debt
(financial debts) 1,280,290.0 1,973,439.0 2,656,344.0 4,285,188.0 2,931,971.0
Other non current
liabilities 2,854,004.0 2,681,275.0 3,165,050.0 566,938.0 138,649.0
Non current
liabilities 4,134,294.0 4,654,714.0 5,821,394.0 4,852,126.0 3,070,620.0
short term debt
(financial debts) 1,951,372.0 684,736.0 655,318.0 1,839,091.0 609,168.0
Trade accounts
payable 5,045,039.0 4,746,478.0 3,664,200.0 2,432,337.0
other accounts
payable 3,414,465.0 4,431,780.0 8,063,432.0 2,550,943.0 1,504,703.0
other current
liabilities 3,414,465.0 4,431,780.0 8,063,432.0 2,550,943.0 1,504,703.0
Current
liabilities 10,410,876.0 9,862,994.0 8,718,750.0 8,054,234.0 4,546,208.0
Shareh. equity,
min. interests + liabilities 19,712,081.0 19,700,072.0 19,830,299.0 17,337,549.0 10,655,022.0
Profit and loss
account
Sales 97,878,345.0 94,045,115.0 80,732,072.0
Net sales 97,878,345.0 94,045,115.0 80,732,072.0 56,696,058.0 31,183,114.0
Other operating
revenue 1,893.0 118,297.0 99,013.0 132,958.0
Operating revenue 97,880,238.0 94,045,115.0 80,850,369.0 56,795,071.0 31,316,072.0
Cost of goods sold 94,372,842.0 92,541,789.0 79,251,873.0 55,063,992.0 30,078,068.0
Gross profit 3,507,396.0 1,503,326.0 1,598,496.0 1,731,079.0 1,238,004.0
Other operating
expenses 2,913,836.0 703,924.0 718,243.0 701,635.0 404,346.0
Operating result 593,560.0 799,402.0 880,253.0 1,029,444.0 833,658.0
Interest revenues 74,199.0 54,152.0 32,425.0
other financial
revenues 59,798.0 145,719.0 84,229.0 6,096.0 6,039.0
Financial income 59,798.0 219,918.0 84,229.0 60,248.0 38,464.0
Interest expenses 399,493.0 416,125.0 446,498.0 360,316.0 195,126.0
other financial
expenses 148,157.0 28,777.0 180,622.0 6,459.0 56,846.0
Financial expenses 547,650.0 444,902.0 627,120.0 366,775.0 251,972.0
Financial result -487,852.0 -224,984.0 -542,891.0 -306,527.0 -213,508.0
Result before
extraordinary items 105,708.0 574,418.0 337,362.0 722,917.0 620,150.0
Extraordinary
Result 0.0 0.0 0.0
Result before
taxes 105,708.0 574,418.0 337,362.0 722,917.0 620,150.0
Taxes 7,273.0 -29,136.0 63,645.0 115,868.0 65,020.0
Result before
minority interests 98,435.0 603,554.0 273,717.0 607,049.0 555,130.0
minority interests -6,101.0 -51,091.0 29,292.0 1,489.0 -880.0
Result for the
financial year 104,536.0 654,645.0 244,425.0 605,560.0 556,010.0
Cash flow
Depreciation 264,607.0 234,898.0 141,725.0 100,249.0 63,457.0
Cash flow 363,042.0 838,452.0 415,442.0 707,298.0 618,587.0
Cash flow from
operating activities 805,471.0 893,093.0 2,319,998.0 -1,343,414.0 -855,920.0
Investments in
tangible fixed assets 391,455.0 472,287.0 612,482.0 626,885.0
Cash flow from
investing activities -796,210.0 -492,005.0 -1,484,528.0 -1,235,262.0 -1,090,590.0
Cash flow from
financing activities 362,144.0 -1,026,064.0 -322,974.0 2,792,826.0 1,398,974.0
Others -5,932.0 -28,378.0 -120,527.0 31,549.0 -8,465.0
Change in
liquidity 365,473.0 -653,354.0 391,969.0 245,699.0 -556,001.0
Liquidity at
beginning of the year 604,071.0 1,257,425.0 865,456.0 619,757.0 1,175,758.0
Liquidity at end
ot the year 969,544.0 604,071.0 1,257,425.0 865,456.0 619,757.0
Cost of employees 500,896.0 442,248.0 429,717.0 462,860.0 278,693.0
Added value 1,270,704.0 1,667,689.0 1,355,302.0 1,646,342.0 1,157,426.0
Working Capital 1,183,186.0 2,096,385.0 5,557,342.0 2,365,171.0 2,122,800.0
Sales per Employee 6,254.6 6,269.7 5,766.6 7,087.0 6,363.9
Gross cost land
and buildings 521,261.0 1,018,270.0 844,082.0 486,383.0 228,823.0
Gross cost other
tangible fixed assets 3,218,150.0 2,360,092.0 2,009,383.0 1,980,644.0 1,450,057.0
Gross cost total 3,739,411.0 3,378,362.0 2,853,465.0 2,467,027.0 1,678,880.0
Insurance value
total 0.0
Employees at year end 15,649 15,000 14,000 8,000 4,900
Name: Noble Group Limited
City/Country: Wanchai/Hong Kong Island, Hong
Kong/HK
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Noble Group Limited
City/Country: Wanchai/Hong Kong Island, Hong
Kong/HK
Interest: 100,00% voting right, 100,00%
capital interest
Class: 100%
Name: Noble Chartering SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: NOBLE RESOURCES
INTERNATIONAL SA
City/Country: Le Grand-Saconnex/GE,
Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
07.11.2013 2013 0
07.11.2013 2012 0
07.11.2013 2011 0
07.11.2013 2010 2 4,515,265.-- Legal actions
07.11.2013 2010 1 2,318,188.-- Opposition filed
07.11.2013 2009 1 2,112,632.-- Opposition filed
07.11.2013 2008 0
29.12.2010 2007 0
15.07.2009 2006 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.
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 considered to be good.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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.