MIRA INFORM REPORT

Report No. :	349862
Report Date :	18.11.2015

IDENTIFICATION DETAILS

Name :	MKS (SWITZERLAND) SA

Registered Office :	Promenade Saint-Antoine 10, 1204 Genève/GE, Switzerland/CH

Country :	Switzerland

Date of Incorporation :	05.09.1979

Com. Reg. No.:	660.0.318.979-2

Legal Form :	Company Limited By Shares

Line of Business :	Subject is a precious metals and financial services group of companies specializing in all aspects of gold and other precious metals processing and trading. It develops and maintains long-term relationships, and offers a wide range of services in those markets.

No. of Employees :	38

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Switzerland

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.

The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.

In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.

Source : CIA

Company Name

MKS (SWITZERLAND) SA

Operating address

Promenade Saint-Antoine 10

1204 Genève/GE

Switzerland/CH

Telephone: 022 8185200

Fax: 022 3111800

Web site: http://www.mks.ch

E-mail: info@mks.ch

WIN Worldbox No.: CH0000240573

VAT-No.: CHE-116.272.272 MWST

UID-No.: CHE105871847

Profile

Established: 1979

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4672 Wholesale of metals and metal ores

Import/Export: Export

Banks: unknown

Organisation level: Ultimate Parent

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2015

Employees: 38

Activity

MKS is a precious metals and financial services group of companies specializing in all aspects of gold and other precious metals processing and trading. It develops and maintains long-term relationships, and offers a wide range of services in those markets.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 660.0.318.979-2

UID-No.: CHE105871847

Legal form: Company limited by shares

Registration: 05.09.1979

Legal status: active

Responsible Register: Registre du commerce du canton de Genève

History: Date of Incorporation Statutes: 18.12.1990

Date of Statutes: 14.12.2011

Date of Statutes: 02.07.2003

Entry Deleted Name

19.12.2011 MKS (Switzerland) SA

19.12.2011 MKS Finance SA

Entry Deleted Legal domicile

active Genève, Switzerland

Entry Deleted Address

active Promenade Saint-Antoine 10, 1200 Genève/GE, Switzerland/CH

Entry Deleted Capital

active Share Capital CHF 30,000,000, paidup CHF 30,000,000

Entry Deleted Capital Structure

active 30,000 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Marwan Shakarchi

Citizen: Cologny, Switzerland

Residential address: Meinier, Switzerland

joint signature of two

Director Venkata Gopalakrishnan

Citizen: Vernier, Switzerland

Residential address: Amsterdam, Netherlands

joint signature of two

Registered since: 21.11.2008

Director Hans Isler

Citizen: Turbenthal, Switzerland

Residential address: Confignon, Switzerland

joint signature of two

Registered since: 04.06.2014

Director Jean-Pierre Roth

Citizen: Saxon, Switzerland

Residential address: Collonge-Bellerive , Switzerland

joint signature of two

Registered since: 04.06.2014

Director Karma Shakarchi-Liess

Citizen: Cologny, Switzerland

Residential address: Cologny, Switzerland

joint signature of two

Director Stanley Walter

Citizen: Schaffhouse, Switzerland

Residential address: Saint-Prex, Switzerland

joint signature of two

External Positions

Title Name

Auditor Ernst & Young SA

Residential address: Lancy, Switzerland

Registered since: 10.07.2003

Executive board

Title Name

Chief Executive Officer Marwan Shakarchi

Direct owner/-s

No. of owner/-s: 1

Owner: The company is foreign owned.

Class: 100%

Name: MKS Holding B.V.

City/Country: Amsterdam, Netherlands/NL