MIRA INFORM REPORT

 

 

Report No. :

349786

Report Date :

19.11.2015

 

IDENTIFICATION DETAILS

 

Name :

MB BARTER & TRADING AG

 

 

Registered Office :

Erlenweg 8, Postfach, 6312 Steinhausen/ZG

 

 

Country :

Switzerland

 

 

Year of Establishment :

1982

 

 

Com. Reg. No.:

020.3.916.879-9

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :
  • Wholesale of other intermediate products
  • Wholesale of chemical products

 

 

No. of Employee :

50

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

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

A1

A1

 

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 and address

 

MB BARTER & TRADING AG

 

 

Operating address

 

Erlenweg 8

Postfach

6312 Steinhausen/ZG

Switzerland/CH

 

Telephone:                   041 7268383

Fax:                             041 7268300

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

E-mail:                         info@mbbarter.ch

WIN Worldbox No.:       CH0001126903

VAT-No.:                      CHE-106.479.363 MWST

UID-No.:                       CHE106479363

 

 

Profile

 

Established:                 1982

History:                        1996:      Limited company

Line of Business:          Consumer goods wholesale

Industry Division:          Wholesale trade

Industry-code (NACE):  4676       Wholesale of other intermediate products

                                    4675       Wholesale of chemical products

Import/Export:              Import, Export

Banks:                          UBS Ltd

                                    CS Credit Suisse

                                    ZKB Zürcher Kantonalbank

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        approximately

Financial year:              2015

Employees:                  50

 

Activity

 

The company market and distribute worldwide more than 600'000 metric tons of high quality polymers, rubber and chemical raw materials. More than 80 % of these products are sourced under long term purchase contracts.

 

Products:

- Polyethylene (PE):

  - Low Density Polyethylene (LDPE)

  - Linear Low Density Polyethylene (LLDPE)

  - High Density Polyethylene (HDPE)

  - Medium Density Polyethylene (MDPE)

 

- Polypropylene (PP):

  - Homopolymer

  - Impact Copolymer

  - Random Copolymer

 

- Polyethylene Terephthalate (PET):

  - PET Bottle

  - PET Fiber

 

- Polyvinyl Chloride (PVC)

 

- Ethylene Vinyl Acetate (EVA)

 

- Styrenics:

  - Acrylonitrile Butadiene Styrenics (ABS)

  - Expanded Polystyrene (EPS)

  - General Purpose Polystyrene (GPPS)

  - High Impact Polystyrenics (HIPS)

 

- Rubbers:

  - Polybutadiene Rubber (PBR)

  - Styrene Butadiene Rubber (SBR)

 

- Chemical Gases:

  - Ethylene

  - Propylene

  - Butadiene

 

- Masterbatch

 

- Regranulat

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:               020.3.916.879-9

UID-No.:                       CHE106479363

Legal form:                   Company limited by shares

Registration:                 24.07.1996

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Zug

History:                        Date of Statutes: 21.01.2015

                                    Date of Incorporation Statutes: 22.07.1996

 

Entry          Deleted      Name

24.07.1996                    MB Barter & Trading AG

 

Entry          Deleted      Legal domicile

24.07.1996                    Zug, Switzerland

                  removed     Thalwil, Switzerland

                  24.07.1996  Thalwil, Switzerland

 

Entry          Deleted      Address

02.02.2015                    Erlenweg 8, 6300 Zug/ZG, Switzerland/CH

24.07.1996  02.02.2015  Baarerstrasse 18, 6300 Zug/ZG, Switzerland/CH

 

Entry          Deleted      Capital

24.07.1996                    Share Capital CHF 4,000,000, paidup CHF 4,000,000

 

Entry          Deleted      Capital Structure

24.07.1996                    4,000 Registered shares of CHF 1,000.--

 

 

Official Administration

 

Title                                           Name

President                                    Thomas Endres

                                                  Citizen: Germany

                                                  Residential address: Freienbach, Switzerland

                                                  joint signature of two

                                                  Registered since: 24.07.1996

Vice-President                            Dr. Marcel Lustenberger

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: 8704 Herrliberg/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 01.07.2011

Director                                      Philipp Endres

                                                  Citizen: Germany

                                                  Residential address: Baar, Switzerland

                                                  joint signature of two

                                                  Registered since: 07.09.2005

 

 

Management

 

Title                                           Name

Director                                      Martin Maximilian Endres

                                                  Citizen: Germany

                                                  Residential address: Richterswil, Switzerland

                                                  joint signature of two

                                                  Registered since: 01.05.2013

Director                                      Roland Carl Huwyler

                                                  Citizen: Dietwil, Switzerland

                                                  Residential address: Merenschwand, Switzerland

                                                  joint signature of two

                                                  Registered since: 21.11.2011

Director                                      Gerhard Zurmühle

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: 8309 Nürensdorf/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 23.03.2011

 

 

External Positions

 

Title                                           Name

Auditor                                       KBT Revisions AG

                                                  Residential address: Zürich, Switzerland

                                                  Registered since: 03.01.2008

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Thomas Endres

Chief Financial Officer                 Roland Carl Huwyler

Chief Sales Officer                      Martin Maximilian Endres

Chief Business Segment Officer  Philipp Endres

Chief Business Segment Officer  Gerhard Zurmühle

 

 

Ultimate Parent Company

 

Name:                          MB Barter & Trading Holding AG

City/Country:                Zug/ZG, Switzerland/CH

 

 

Direct owner/-s

 

No. of owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          MB Barter & Trading Holding AG

City/Country:                Zug/ZG, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 1989)

 

 

Investments

 

It is believed that the company has no investments.

 

 

Financials

 

Balance sheet publication:         

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

19.10.2010          2010                           0                                      Legal actions

31.12.2009          2009                           0                                      Legal actions

31.12.2008          2008                           0                                      Legal actions

31.12.2007          2007                           0                                      Legal actions

31.12.2006          2006                           0                                      Legal actions

31.12.2005          2005                           0                                      Legal actions

31.12.2004          2004                           0                                      Legal actions

31.12.2003          2003                           0                                      Legal actions

31.12.2002          2002                           0                                      Legal actions

31.12.2001          2001                           0                                      Legal actions

31.12.2000          2000                           0                                      Legal actions

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.

 

 

Sanctions List

 

The company is not listed in the WorldCompliance database.

 

 

Payment experiences

 

Debt collection case:

OKT 2001: FRF 29'850.00, payment after demand.

 

 

Credit Information

 

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 in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.