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Report No. : |
352302 |
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Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BTG PACTUAL COMMODITIES (SWITZERLAND) SA |
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Registered Office : |
Route De Pré-Bois 29, Case Postale 149,
1215 Genéve 15/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
26.07.2013 |
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Com. Reg. No.: |
660.2.045.013-7 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is provide commercial and financial services in the areas of
commodity trading, especially the financing of commercial transactions of raw
materials and ships. |
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No. of Employee : |
60 |
RATING & COMMENTS
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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 |
BTG PACTUAL COMMODITIES (SWITZERLAND) SA
Operating address:
Route de Pré-Bois 29
Case postale 149
1215 Genéve 15/GE
Switzerland/CH
Telephone: 022
5620400
Web site: https://www.btgpactual.com
E-mail: info@btgpactual.com
WIN Worldbox No.: CH0009906426
VAT-No.: CHE-275.115.728
MWST
UID-No.: CHE275115728
Established: 2013
Line of Business: Financial services, Commercial services
Industry Division: Services
Industry-code (NACE): 6619 Other activities
auxiliary to financial services, except insurance and pension funding
8299 Other business support service activities
n.e.c.
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 60
The business includes commercial and financial services in the areas of
commodity trading, especially the financing of commercial transactions of raw
materials and ships.
Real Estate: The
company does not appear to own any property.
Company No: 660.2.045.013-7
UID-No.: CHE275115728
Legal form: Company
limited by shares
Registration: 26.07.2013
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 29.06.2015
Date of
Statutes: 27.05.2014
Date of
Statutes: 12.02.2014
Date of
Statutes: 03.12.2013
Date of
Statutes: 17.10.2013
Date of
Incorporation Statutes: 09.07.2013
Entry Deleted Name
26.07.2013 BTG
PACTUAL COMMODITIES (SWITZERLAND) SA
Entry Deleted Legal domicile
04.12.2013 Meyrin,
Switzerland
26.07.2013 04.12.2013 Genève, Switzerland
Entry Deleted Address
04.12.2013 route
de Pré-Bois 29, World Trade Center II, 1216 Cointrin/GE, Switzerland/CH
26.07.2013 04.12.2013 c/o Chabrier, avocats, rue du Mont-Blanc 3,
1201 Genève/GE, Switzerland/CH
Entry Deleted Capital
30.06.2015 Share
Capital CHF 100,000,000, paidup CHF 100,000,000
27.05.2014 30.06.2015 Share Capital CHF 50,000,000, paidup CHF
50,000,000
18.02.2014 27.05.2014 Share Capital CHF 20,000,000, paidup CHF
20,000,000
26.07.2013 18.02.2014 Share Capital CHF 10,000,000, paidup CHF
10,000,000
Entry Deleted Capital Structure
30.06.2015 1,000,000
Registered shares of CHF 100.--
27.05.2014 30.06.2015 500,000 Registered shares of CHF 100.--
18.02.2014 27.05.2014 200,000 Registered shares of CHF 100.--
26.07.2013 18.02.2014 100,000 Registered shares of CHF 100.--
Title Name
President Roberto
Sallouti
Citizen:
Brazil
Residential
address: Sao Paulo, Brazil
single
signature
Registered
since: 26.07.2013
Director Marc
Gilliéron
Citizen:
Chêne-Bourg, Switzerland
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 30.06.2015
Director Ricardo
Leiman
Citizen:
Netherlands
Residential
address: Londres, United Kingdom
single
signature
Registered
since: 26.07.2013
Director Jillian
Wallach
Citizen:
United States of America
Residential
address: New York, United States of America
single
signature
Registered
since: 26.07.2013
Title Name
Director Laurent
Guerrero
Citizen:
France
Residential
address: Chardonne, Switzerland
single
signature
Registered
since: 26.01.2015
Title Name
Auditor Ernst
& Young SA
Residential
address: Lancy, Switzerland
Id:
CH-660.0.176.999-6
Registered
since: 26.07.2013
Title Name
Chief Executive Officer Laurent Guerrero
Name: BTG
PACTUAL HOLDING S.A.
City/Country: Sao Paulo, Brazil/BR
No. of owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: BTG
PACTUAL COMMODITIES (UK) LLP
City/Country: London, United Kingdom/GB
Interest: 100,00%
voting right, 100,00% capital interest (since 26.07.2013)
BTG Pactual Group is comprised of both Banco BTG Pactual and BTG Pactual
Participations and its subsidiary BTG Investments. The two entities are sister
entities that have the same ultimate beneficial owners. Banco BTG Pactual, its
principal operating company, was founded as a small broker-dealer and has grown
by creating new business units and expanding the activities within these
business units. BTGI is the investment vehicle for many of BTG Pactual’s
principal investments (including most of its non-Brazilian investments and
certain of its Brazilian investments) and was originally formed in late 2008.
BTGI acts as a vehicle for part of BTG Pactual’s principal investment business,
and has no operating activities or employees. Its assets are managed by the
Asset Management unit of Banco BTG Pactual, which receives arm’s length fees
and commissions from BTGI for its services. Such fees and commissions are primarily
recorded as revenues in Banco BTG Pactual’s Asset Management unit.
Class: 100%
Name: BTG
Pactual Commodities (Singapore) Pte. Ltd.
City/Country: Singapore, Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest (since 26.07.2013)
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.
Debt collection case:
OCT 2014: CHF 625.00, in process.
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: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.45 |
|
|
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
|
CHF |
1 |
Rs.64.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
|
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|
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.