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Report No. : |
342393 |
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Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
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Name : |
IMR METALLURGICAL RESOURCES AG |
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Registered Office : |
Dammstrasse 19, 6300 Zug/ZG,
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
29.03.2004 |
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Com. Reg. No.: |
170.3.027.117-0 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in international trade in raw materials such as coal
and coke, iron ore, chrome ore, for steel production, as well as trade in
steel products. |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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) |
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Switzerland |
B1 |
B1 |
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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 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.
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Source
: CIA |
IMR METALLURGICAL RESOURCES AG
Dammstrasse 19
6300 Zug/ZG
Switzerland/CH
Telephone: 041
7232347
041
7689595
Web site: http://joehwg.globalimporter.net
WIN Worldbox No.: CH0006179274
VAT-No.: CHE-110.598.195
MWST
UID-No.: CHE110598195
Established: 2004
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: UBS
Ltd
CS Credit
Suisse
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 4
The business activities includes international trade in raw materials
such as coal and coke, iron ore, chrome ore, etc. for steel production, as well
as trade in steel products.
The activity are made on a international level.
Real Estate: The
company owns no property.
Company No: 170.3.027.117-0
UID-No.: CHE110598195
Legal form: Company
limited by shares
Registration: 29.03.2004
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date
of Statutes: 23.12.2008
Date
of Statutes: 29.03.2004
Date of
Incorporation Statutes: 23.03.2004
Entry Deleted Name
29.03.2004 IMR
Metallurgical Resources AG
Entry Deleted Legal domicile
29.03.2004 Zug,
Switzerland
Entry Deleted Address
29.03.2004 Dammstrasse
19, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
29.03.2004 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
29.03.2004 10,000
Bearer shares of CHF 10.--
Title Name
President Hans-Rudolf
Wild
Citizen:
Richterswil, Switzerland
Residential
address: 6300 Zug/ZG, Switzerland
joint
signature of two
Registered
since: 29.03.2004
Chief Executive Anirudh Misra
Citizen:
United Kingdom
Residential
address: Northgate, United Kingdom
joint
signature of two
Registered
since: 29.03.2004
Director Erich
A. Kalt
Citizen:
Zug, Switzerland
Residential
address: 6300 Zug/ZG, Switzerland
joint
signature of two
Registered
since: 27.05.2005
Title Name
Auditor MOORE
STEPHENS ZUG AG
Residential
address: Zug, Switzerland
Id:
CH-170.3.032.113-3
Title Name
Chief Executive Officer Hans-Rudolf Wild
Name: IMR
Holding AG
City/Country: Zug/ZG, Switzerland/CH
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: IMR
Holding AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 05.01.2005)
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
04.10.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 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.
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.
Other offices:
U.K.
6TH floor 49ST.
James's street
London SW1A 1JT
tel:+44 207 409 0000
China
Room 1106, North Building
New World Center
3B Chongwenmenwai Dajie
Beijing
tel: +86 10 67089811
India
40/7 Ballygunge Circular Road
Calcutta
tel: 91 33 2461 4480
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 difficult to assess.
Payment experiences: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
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|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ASH |
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 |
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-- |
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.