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MIRA INFORM REPORT
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Report No. : |
486430 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ICI SUISSE SA |
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Registered Office : |
Chamerstrasse 30, 6300 Zug/ZG,
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
06.02.2009 |
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Com. Reg. No.: |
170.3.033.129-7 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company engages in the
trade with raw materials needed for the Steel Industry, such as Carbon
products, Anthracite, Steam Coal and Coke. The company exports Ukrainian
Anthracite to European Countries, The Middle East and neighbouring CIS
Countries. |
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No. of Employees : |
1-9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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
ICI SUISSE SA
Operating address
Chamerstrasse 30
6300 Zug/ZG
Switzerland/CH
Web site: http://www.ici-suisse.com
E-mail: info@ici-suisse.com
WIN No.: CH0008156294
VAT-No.: CHE-114.709.536 MWST
UID-No.: CHE114709536
Profile
Established: 2009
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4671 Wholesale
of solid, liquid and gaseous fuels and related products
Import/Export: Import, Export
Banks: Unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF 4-6 Mio
Activity
The company engages in the
trade with raw materials needed for the Steel Industry, such as Carbon
products, Anthracite, Steam Coal and Coke. The company exports Ukrainian
Anthracite to European Countries, The Middle East and neighbouring CIS
Countries.
Operations and Branches:
At the address,
Chamerstrasse 30, 6300 Zug, Switzerland, we find office of the company.
Ukrainian representative
office:
office 11, Business Centre
“Europa Plaza”
33 Tarasa Shevchenka blvd
01032, Kiev, Ukraine
tel.: +380 444955461
fax: +380 444955460
e-mail: info@ici-suisse.com
Real Estate
Real Estate: The property at the operating address is
rented.
Company Register
Company No: 170.3.033.129-7
UID-No.: CHE114709536
Legal form: Company Limited by Shares
Registration: 06.02.2009
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date of Statutes: 20.12.2011
Date of Incorporation Statutes: 02.02.2009
Entry Deleted Name
06.02.2009 ICI Suisse SA
06.02.2009 ICI Schweiz AG (Name
translated)
06.02.2009 ICI Switzerland Inc. (Name
translated)
Entry Deleted Legal
domicile
06.02.2009 Zug, Switzerland
Entry Deleted Address
23.01.2017 Chamerstrasse
30, 6300 Zug/ZG, Switzerland/CH
17.07.2015 23.01.2017 Grienbachstrasse 36, 6300 Zug/ZG,
Switzerland/CH
31.10.2011 17.07.2015 Rigistrasse 10, 6300 Zug/ZG,
Switzerland/CH
22.02.2011 31.10.2011 Fadenstrasse 8, 6300 Zug/ZG,
Switzerland/CH
06.02.2009 22.02.2011 c/o Risk-Consult AG, Poststrasse 22, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
05.01.2012 Share Capital CHF 500,000,
paid up CHF 500,000
06.02.2009 05.01.2012 Share Capital CHF 200,000, paid up CHF 200,000
Entry Deleted Capital
Structure
05.01.2012 5,000 Registered shares with
restricted transferability of CHF 100.--
06.02.2009 05.01.2012 2,000 Registered shares with restricted transferability of
CHF 100.--
Official Administration
Title Name
Director Kieffer, Dr. Jana
Citizen: Bern, Switzerland
Residential address: Herrliberg, Switzerland
single signature
Registered since: 31.10.2011
External Positions
Title Name
Auditor Helios Treuhand AG,
Residential address: Liestal, Switzerland
Id: CH-280.3.917.213-7
Registered since: 06.02.2009
Direct owner/-s
Under Swiss Company Law,
limited companies (AG, SA, LTD.) are not required to file information on
shareholders of a company.
The webpage of the company
states "ICI SUISSE is a part of ICI Group, founded in 1998 as a privately
owned international carbon and steel raw material trader. The Group annually
sells around 500’000 tons of steel raw materials, 300’000 tons of carbon
materials and sizeable volumes of slag and metals" more information on the
shareholders are not available.
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
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.
Remarks
- There is no telephone
number registered for this company.
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 difficult to
assess.
Payment experiences: There are no objections regarding the payment
of financial obligations.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.72 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
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CHF |
1 |
INR 66.30 |
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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PRI |
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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.