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MIRA INFORM REPORT
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Report No. : |
498968 |
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Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
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Name : |
METINVEST INTERNATIONAL SA |
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Registered Office : |
Rue Vallin 2, 1201 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
04.04.1997 |
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Com. Reg. No.: |
660.0.629.997-0 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Agents involved in the sale of fuels, ores,
metals and industrial chemicals |
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No. of Employees : |
60 |
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 : |
Good |
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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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.
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.
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Source
: CIA |
Company name and address
METINVEST INTERNATIONAL SA
Operating address:
Rue Vallin 2
1201 Genève/GE
Switzerland/CH
Telephone: +41
229061828
Fax: +41
229061829
Web
site: http://www.metinvest-international.com
E-mail: switzerland@metinvest-international.com
WIN
Worldbox No.: CH0003122985
VAT-No.: CHE-108.591.775 TVA
UID-No.: CHE108591775
Profile
Established: 1997
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: Import,
export agency
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 60
Activity
The company is a steel
and iron ore trading company. The company’s core business activity is sales of
iron ore, semi-finished and finished steel products manufactured by Metinvest
Group’s mining and steelmaking enterprises. The company has representations in
Istanbul (Turkey), Beirut (Lebanon), Beijing (China), Vilnius (Lithuania),
Ashgabat (Turkmenistan), Tunis (Tunisia), Dubai (UAE) and Singapore
(Singapore). It enjoys an enhanced presence across the other markets with its
confirmed agents’ networks such as in the Dominican Republic to cover Central
and South America, and in Canada, servicing customers in North America.
Real Estate
Real
Estate: The property at
the operating address is rented.
Company
Register
Company No: 660.0.629.997-0
UID-No.: CHE108591775
Legal form: Company
limited by shares
Registration: 04.04.1997
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 27.07.2010
Date
of Statutes: 04.12.2007
Date
of Statutes: 18.01.2006
Date
of Statutes: 25.07.2002
Date
of Statutes: 14.08.1997
Date
of Incorporation Statutes: 02.04.1997
Entry Deleted Name
06.12.2007 Metinvest
International SA
04.04.1997 06.12.2007 Leman Commodities SA
Entry Deleted Legal domicile
04.04.1997 Genève,
Switzerland
Entry Deleted Address
23.03.2006 Rue
Vallin 2, 1200 Genève/GE, Switzerland/CH
24.07.1997 23.03.2006 Quai du Mont-Blanc 3, 1200 Genève/GE,
Switzerland/CH
04.04.1997 24.07.1997 c/o Berney Conseil SA, rue du Nant 8, 1200
Genève/GE, Switzerland/CH
Entry Deleted Capital
23.01.2006 Share
Capital CHF 50,000,000, paidup CHF 50,000,000
29.07.2002 23.01.2006 Share Capital CHF 7,500,000, paidup CHF
7,500,000
04.04.1997 29.07.2002 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
23.01.2006 50,000
Registered shares with restricted transferability of CHF 1,000.--
29.07.2002 23.01.2006 7,500 Registered shares with restricted
transferability of CHF 1,000.--
21.08.1997 29.07.2002 100 Registered shares with restricted
transferability of CHF 1,000.--
04.04.1997 21.08.1997 100 Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Maksymovych,
Mar'yan
Citizen:
Ukraine
Residential
address: Corsier/GE, Switzerland
single signature
Registered
since: 07.01.2008
Director Liefooghe,
Raymond
Citizen: Genève,
Switzerland
Residential
address: 1200 Genève/GE, Switzerland
single
signature
Registered
since: 12.09.2007
Director Lyubarev ,
Oleksandr
Citizen:
Ukraine
Residential
address: Kiev, Ukraine
without
signature
Registered
since: 18.03.2016
Director Nikolayenko,
Dmytro
Citizen:
Ukraine
Residential
address: Kiev, Ukraine
without
signature
Registered
since: 20.05.2014
Director Riedweg,
Joseph
Citizen:
Genève, Switzerland
Residential
address: 1232 Confignon/GE, Switzerland
single
signature
Registered
since: 22.06.2005
Management
Title Name
Member
with procuration Boldyryev,
Vitaliy
Citizen:
Ukraine
Residential
address: Genève, Switzerland
joint
power of attorney of two
Registered
since: 11.08.2016
Member
with procuration Cizmar, Jozef
Citizen:
Slovakia
Residential
address: 1200 Genève/GE, Switzerland
joint
power of attorney of two
Registered
since: 04.03.2009
Member
with procuration Da Silva
Esteves, Paiva Cristina
Citizen:
Portugal
Residential
address: Arzier, Switzerland
joint
power of attorney of two
Registered
since: 19.12.2011
Member
with procuration Lachev,
Simeon
Citizen:
Genève, Switzerland
Residential
address: Genève, Switzerland
joint
power of attorney of two
Registered
since: 11.08.2016
Member
with procuration Osina, Lasma
Citizen:
Latvia
Residential
address: 1182 Gilly/VD, Switzerland
joint
power of attorney of two
Registered
since: 07.01.2008
Member
with procuration Pron , Vadim
Citizen:
Ukraine
Residential
address: 1200 Genève/GE, Switzerland
joint
power of attorney of two
Registered since: 07.10.2009
External
Positions
Title Name
Auditor BDO
International SA,
Residential
address: Genève, Switzerland
Registered
since: 21.02.2000
Auditor PricewaterhouseCoopers
SA,
Residential
address: Genève, Switzerland
Id:
CH-660-1784998-4
Registered
since: 20.05.2009
Executive board
Title Name
Chief Executive Officer Maksymovych, Mar'yan
Ultimate Parent
Company
Name: JSC
System Capital Management (SCM)
City/Country: Donetsk,
Ukraine/UA
Intermediate Parent Company
Class: 100%,
indirectly held
Name: Metinvest
B.V.
City/Country: 's-Gravenhage,
Netherlands/NL
Interest: 100,00%
voting right, 100,00% capital interest
Direct owner/-s
No.
of owner/-s: 1
Owner: The company is foreign
owned.
Investments
Class: 100%, directly held
Name: Metinvest
International Italia S.R.L.
City/Country: Vallese di Oppeano/Verona,
Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
Financials
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
01.11.2016 2016 0 Legal
actions
31.12.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 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
24.10.2006 2006 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.
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
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.
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 good.
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 65.04 |
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1 |
INR 90.56 |
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Euro |
1 |
INR 79.78 |
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CHF |
1 |
INR 68.30 |
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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NIY |
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Report Prepared
by : |
KET |
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.