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Report No. : |
346166 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SIRIUS COMMODITIES SA |
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Registered Office : |
Place Du Molard 7, 1204 Genčve/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
27.06.2012 |
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Com. Reg. No.: |
660.1.664.012-8 |
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Legal Form : |
Company Limited by Shares |
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LINE OF BUSINESS : |
WHOLESALE
OF METALS AND METAL ORES |
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No. of Employees : |
1-9 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
- 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 |
SIRIUS Commodities
SA
Operating
address:
Place du Molard 7
1204 Genčve/GE
Switzerland/CH
Mobile: 079
5990788
Web
site: http://www.siriuscommodities.com
E-mail: info@siriuscommodities.com
WIN
Worldbox No.: CH0009471112
VAT-No.: CHE-297.824.371 MWST
UID-No.: CHE297824371
Established: 2012
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 1-9
The company is active in trading and
trading-relations of raw materials, precious metals and gems. Clients are
governments, banks, large investors, producers and buyers industry as
refineries and jewelers. Services include buying and selling of commodities;
Transport, storage and insurance; Refining of crude gold; Melting of gold bars,
trade finance for energy and metals.
Real
Estate: The company does
not appear to own any property.
Company
No: 660.1.664.012-8
UID-No.: CHE297824371
Legal
form: Company limited by
shares
Registration: 27.06.2012
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genčve
History: Date of Incorporation
Statutes: 21.06.2012
Entry Deleted Name
27.06.2012 SIRIUS
Commodities SA
Entry Deleted Legal domicile
27.06.2012 Genčve,
Switzerland
Entry Deleted Address
27.06.2012 Place
du Molard 7, 1204 Genčve/GE, Switzerland/CH
Entry Deleted Capital
27.06.2012 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
27.06.2012 100
Registered shares with restricted transferability of CHF 1,000.--
Title Name
Director Thomas
Randall Wilson
Citizen:
United Kingdom
Residential
address: Gingins, Switzerland
single
signature
Registered
since: 27.06.2012
The director of the company was a limited Partner
of the company C.H-Equipement Sŕrl in Liquidation (Company No
CH-217.3.542.676-8), deleted on 7th of January 2014 from the Swiss Company
Register.
Owner: The company is
privately owned.
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.
Debt collection case:
FEB 2014: CHF 100.00, booked up.
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 unfavourable
reports regarding the financial obligations.
Credit
Opinion: Due to insufficient
payment history and financial information being available we suggest any credit
extended to the company be on secured terms with necessary guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.