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Report No. : |
304339 |
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Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MTPP LTD LIAB. CO |
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Registered Office : |
Chemin De La Condémine 31 1468 Cheyres/FR |
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Country : |
Switzerland |
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Date of Incorporation : |
25.08.2014 |
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Com. Reg. No.: |
217.3.556.042-5 / 1192489 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in business is international trade in raw materials and the provision of related services. |
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No. of Employee : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – 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 |
MTPP LTD LIAB. CO
"MT Performance Polymers"
Chemin de la
Condémine 31
1468 Cheyres/FR
Switzerland/CH
Telephone: 078
7522425
Web
site: http://www.mtperformancepolymers.com
WIN
Worldbox No.: CH0010346579
Established: 2014
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: 2015
Employees: 5
The Company's business is international
trade in raw materials and the provision of related services. The company is a mediator
between business partners and customers with the services procurement, delivery
and technical support between partners in Europe and Japan. Commercial products
are fluoropolymer color masterbatches and compounds, PVDF granules and powders,
high temperature color masterbatches and compounds, high density compounds (MIM
/ CIM, polymer-bound magnetic) and plastic products.
Real
Estate: The company does
not appear to own any property.
Company
No: 217.3.556.042-5 / 1192489
Legal
form: Limited Liability
Company
Registration: 25.08.2014
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
History: Date of Incorporation
Statutes: 13.08.2014
Entry Deleted Name
25.08.2014 MTPP
Ltd liab. Co
25.08.2014 MTPP
GmbH (Name translated)
25.08.2014 MTPP
SARL (Name translated)
Entry Deleted Legal domicile
25.08.2014 Cheyres,
Switzerland
Entry Deleted Address
25.08.2014 Chemin
de la Condémine 31, 1468 Cheyres/FR, Switzerland/CH
Entry Deleted Capital
25.08.2014 LLC
Capital CHF 20,000, paidup CHF 20,000
Title Name
General
Manager Joko
Taniguchi (Martin)
Citizen:
Japan
Residential
address: Cheyres, Switzerland
single
signature
Registered
since: 25.08.2014
Member
with signing authority Cyril Martin
Citizen:
Gruyères, Switzerland
Residential
address: Cheyres, Switzerland
single
signature
Registered
since: 25.08.2014
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Type: direct
Name: Joko Taniguchi
(Martin)
City/Country: Cheyres, Switzerland/CH
No.
of shares: 100
Interest: 100,00% voting right,
100,00% capital interest (since 25.08.2014)
It is believed that the company has no
investments.
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 company was recently
formed. There is presently no information available concerning the financial
situation and the course of business.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
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|
1 |
Rs.92.77 |
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Euro |
1 |
Rs.69.03 |
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 |
|
-- |
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.