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MIRA INFORM REPORT
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Report No. : |
492820 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
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Name : |
MEC METAL EXCHANGE INTERNATIONAL GMBH |
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Registered Office : |
Seefeldstrasse 45, 8008 Zürich/ZH, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
10.04.2007 |
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Com. Reg. No.: |
020.4.035.260-9 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The business includes trading
in non-ferrous metals and raw materials and their processing. The company offers the following products and services: ·
Scrap (aluminum,
copper and magnesium): recycling services, transport of recycled material. ·
Primary
Commodities: primary aluminum, aluminum billets, aluminum alloys, copper
cathodes, magnesium. ·
Secondary raw
materials: sows and pigs from aluminium melting, aluminum billets. ·
Semi-finished
aluminum flat-rolled products, extrusions. The company has worldwide
manufacturing and processing plants. |
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No. of Employees : |
6 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 2011-17.
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 |
Company
name
MEC METAL EXCHANGE INTERNATIONAL GMBH
Operating address
Seefeldstrasse 45
8008 Zürich/ZH
Switzerland/CH
Telephone: +41 434563810
Fax: +41 434563811
Web site: http://www.metalexchangecorp.com
E-mail: fgrobler@metalexchangecorp.com
WIN No.: CH0007468219
VAT-No.: CHE-113.558.453 MWST
UID-No.: CHE113558453
Profile
Established: 2007
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale
of metals and metal ores
Import/Export: Import, Export
Banks: Unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 6
Sales: CHF 60-80 Mio
Activity
The business includes
trading in non-ferrous metals and raw materials and their processing. The
company offers the following products and services:
- Scrap (aluminum, copper
and magnesium): recycling services, transport of recycled material.
- Primary Commodities:
primary aluminum, aluminum billets, aluminum alloys, copper cathodes,
magnesium.
- Secondary raw materials:
sows and pigs from aluminium melting, aluminum billets.
- Semi-finished aluminum
flat-rolled products, extrusions.
The company has worldwide
manufacturing and processing plants.
Operations & Branches:
At the address,
Seefeldstrasse 45, 8008 Zürich, Switzerland, we find office of the company.
Real Estate
Real Estate: The company does not appear to own any
property.
Company Register
Company No: 020.4.035.260-9
UID-No.: CHE113558453
Legal form: Limited Liability Company
Registration: 10.04.2007
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date of Statutes: 14.11.2011
Date of Statutes: 01.04.2009
Date of Incorporation Statutes: 02.04.2007
Entry Deleted Name
10.04.2007 MEC Metal Exchange
International GmbH
10.04.2007 MEC Metal Exchange
International S.à.r.l. (Name translated)
10.04.2007 MEC Metal Exchange
International S.a.g.l. (Name translated)
10.04.2007 MEC Metal Exchange
International LLC (Name translated)
Entry Deleted Legal
domicile
10.04.2007 Zürich, Switzerland
Entry Deleted Address
25.03.2008 Seefeldstrasse 45, 8008
Zürich, Switzerland/CH
10.04.2007 25.03.2008 Seefeldstrasse 69, 8008 Zürich, Switzerland/CH
Entry Deleted Capital
10.04.2007 LLC Capital CHF 20,000
Entry Deleted Capital
Structure
24.06.2009 1 Participation shares of
CHF 2,000.--
24.06.2009 1 Participation shares of
CHF 18,000.--
10.04.2007 24.06.2009 1 Participation shares of CHF 2,000.--
Management
Title Name
General Manager Lefton, Michael
Citizen: United States of America
Residential address: St. Louis/MO, United States of
America
single signature
Registered since: 24.06.2009
General Manager Merz, Edward
Citizen: United States of America
Residential address: Chesterfield/MO, United States of
America
single signature
Registered since: 24.06.2009
Chairman of the management Grobler, Friedhelm
Citizen: Germany
Residential address: 8000 Zürich, Switzerland
single signature
Registered since: 05.07.2010
Member with procuration Crespo Baruque, Regina
Citizen: Germany
Residential address: Zürich, Switzerland
joint power of attorney of two
Registered since: 28.09.2016
External Positions
Title Name
Auditor Ernst & Young AG,
Residential address: Zürich, Switzerland
Id: CHE-491.907.686
Registered since: 24.06.2009
Direct owner/-s
No. of owner/-s: 1
Owner: The company is foreign owned.
Class: 100%, directly held
Name: Metal Exchange International, LLC
City/Country: Saint Louis/Missouri, United States of
America/US
Capital share: CHF 20,000.--
Interest: 100,00% voting right, 100,00%
capital interest (since 10.04.2007)
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
06.06.2013 2013 0 Legal actions
31.12.2012 2012 0 Legal actions
31.12.2011 2011 0 Legal actions
31.12.2010 2010 0 Legal actions
31.12.2009 2009 0 Legal actions
No legal actions
determined.
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
We did not find the company
included on the various international sanctions lists, such as the OFAC (Office
of Foreign Assets Control), the BIS (Bureau of Industry and Security), the
European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
Payment experiences
Payment experiences are
considered to be in order.
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 considered to
be in order.
Payment experiences: No Complaints.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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1 |
INR 90.41 |
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Euro |
1 |
INR 79.83 |
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CHF |
1 |
INR 69.37 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.