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MIRA INFORM REPORT
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Report No. : |
507736 |
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Report Date : |
10.05.2018 |
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 : |
The company engages in 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. |
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No. of Employees : |
5 |
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 (30.09.2017) |
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
IMR METALLURGICAL RESOURCES
AG
Operating address
Dammstrasse 19
6300 Zug/ZG
Switzerland/CH
Telephone: +41 41 7232347
+41 41 7689595
Web site: http://joehwg.globalimporter.net
WIN No.: CH0006179274
VAT-No.: CHE-110.598.195 MWST
UID-No.: CHE110598195
Profile
Established: 2004
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4671 Wholesale
of solid, liquid and gaseous fuels and related products
4672 Wholesale of metals and metal ores
Import/Export: Import, Export
Banks: UBS Ltd
CS Credit Suisse
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 5
Activity
The company engages in
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 an
international level.
Operations and Branches:
At the address, Dammstrasse
19, 6300 Zug, Switzerland, we find office of the company.
Other offices:
U.K.
6TH floor 49ST.
James's street
London SW1A 1JT
Tel:+44 2074090000
China
Room 1106, North Building
New World Center
3B Chongwenmenwai Dajie
Beijing
Tel: +86 1067089811
India
40/7 Ballygunge Circular
Road
Calcutta
Tel: +91 3324614480
Real Estate
Real Estate: The company does not appear to own any
property.
Company Register
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.--
Official Administration
Title Name
President Wild, Hans-Rudolf
Citizen: Richterswil, Switzerland
Residential address: 6300 Zug/ZG, Switzerland
joint signature of two
Registered since: 29.03.2004
Chief Executive Misra, Anirudh
Citizen: United Kingdom
Residential address: London, United Kingdom
joint signature of two
Registered since: 29.03.2004
Director Zimmermann,
Daniel
Citizen: Luzern,
Switzerland
Residential address: Dierikon, Switzerland
joint signature of two
Registered since: 17.08.2016
Management
Title Name
Member with signing
authority Walti Kümmerle, Doris
Citizen: Zollikon, Switzerland
Residential address: Richterswil, Switzerland
joint signature of two
Registered since: 17.08.2016
External Positions
Title Name
Auditor MOORE STEPHENS ZUG AG,
Residential address: Zug, Switzerland
Id: CH-170.3.032.113-3
Registered since: 23.02.2011
Executive board
Title Name
Chief Executive Officer Wild, Hans-Rudolf
Ultimate Parent Company
Name: IMR Holding AG
City/Country: Zug/ZG, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: IMR Holding AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 05.01.2005)
Investments
It is believed that the
company has no investments.
Sisters
Name: Carbones Swiss AG
City/Country: Zug/ZG, Switzerland/CH
Name: IMR Energy Pte. Ltd.
City/Country: Singapore, Singapore/SG
Financials
Balance sheet
publication:
The subject company does not
publish financial figures.
Legal Actions
Control date Year No. Amount
CHF Status
03.07.2017 2017 0 Legal actions
31.12.2016 2016 0 Legal actions
31.12.2015 2015 0 Legal actions
04.10.2011 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 difficult to
assess.
Payment experiences: Slow but correct.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.38 |
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1 |
INR 91.09 |
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Euro |
1 |
INR 79.75 |
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CHF |
1 |
INR 67.08 |
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.