MIRA
INFORM REPORT
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Report Date : |
29th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
TMK GLOBAL AG |
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Registered Office : |
Basteiplatz 7 8001 Zuerich/ZH Switzerland |
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Country : |
Switzerland |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
12-06-2002 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Traders of steel and pipe products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Detail
assessment: |
Payments: |
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There is a lack of referential
experience as regards the payment conduct. |
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Individual
credit limit*: |
EUR 15.500.-- |
Name
TMK GLOBAL AG
Legal domicile
Basteiplatz 7
8001 Zuerich/ZH
Switzerland
CREDIT ADVICE
Credit opinion: A maximum credit amount of EUR 15.500 can be taken into
consideration.
This credit advice is based on information
available at the time of conducting the research, being the above indicated
date.
All amounts in this report are given in
Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint
stock company
Registration: 12-06-2002
First Publication: 18-06-2002
Last Publication: 20-03-2006
Share capital: 7.000.000
Paid up: 7.000.000
Divided into: 7.000
Registered shares of 1.000
The transfer of registered shares is
restricted by regulations contained in Statutes.
History: 14-03-2006 7.000.000 Capital increase
100.000 Capital by incorporation
Shareholders: Information
about the shareholders was not possible to determine.
Company Management: Wolfgang Staub
Registered name 09-02-2006 TMK
GLOBAL AG
28-01-2004 SINARA TRADING AG
Previous NAR
- HANDELS AG
Registered translations of the Company
name:
English TMK
GLOBAL LTD
French TMK
GLOBAL SA
ACTIVITY:
Line of business: Trade
in steel and pipe products
Sector: Wholesale
Activity:
According to the commercial register, the
company's purpose is the trading of goods of all kinds, on its own and third
parties's account, as well as the negotiation of trading transactions etc.
Pursuant to the information available to
us the company is, inter alia, dedicated to the trading of steel and pipe
products, and TMK's official distributor in countries oversease.
A proper corporate business infrastructure
can however not be determined in Switzerland.
It is therefore impossible to determine,
whether and to what extent the company conducts any business activities in
Switzerland.
EMPLOYEES:
Number of employees: Personnel information was not made available
Whether the company employs any full-time
staff in Zurich, cannot be determined.
Personnel of the TMK Group as at 31
December:
2005:
46,973
2004:
47,256
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only available against proof of interest.
There is a lack of referential experience
as regards the payment conduct.
In case of large-scale fnancial
transactions the company should therefore by capable of providing appropriate
capital guarantees or sureties.
FINANCIAL DATA:
Financial position: The financial situation and the development
remains to be followed.
Financial Statements: The company does not
disclose any financial statements.
Given the circumstances referred to in
this report, it is almost impossible for third parties to make a proper
assessment of the financial situation.
The managing director strictly declines to
provide any information on financial affairs.
Consolidated key figures (in RUR
1.000.000):
TMK Gruppe
31.12.2005 31.12.2004
12 Months 12 Months
Sales 79'175.2 55'388.1
Operating
Profit/Loss 10'330.1 1'335.2
Depreciation 2'787.5 2'642.7
Profit/Loss 7'597.3 808.2
Cash-Flow 12'430.1 3'342.7
Investments 3'292.2 1'787.1
Research/Development 154.9 99.3
Shareholder
funds 33'031.7 25'999.7
Balance
sheet total 64'923.4 63'233.8
Banker(-s): UBS Ltd,
8000 Zuerich
Auditors: Ernst
& Young AG, Zuerich
Premises: The
premises at the above mentioned address are rented.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Shareholder(s):
TMK Trubnaja Metallurgiczeskaja Kompanija, Moskau, Russia/RU.
Investments: Approximately 13 companies belong to the group of which 1
are in Switzerland.
The TMK Group consists, inter alia, of the
following companies:
- OAO "Sinarsky Pipe Plant",
Russia
- OAO "Seversky Pipe Plant",
Russia
- OAO "Volzhsky Pipe Plant",
Russia
- ZAO "Trade House TMK", Russia
- OOO "TMK-Trans", Russia
- etc.
BOARD OF DIRECTORS:
Vasily Makarov, from StA Russlands, in
Uitikon/ZH/Switzerland,
President, sole signature.
Victor Bogdanov, from StA Russlands, in
Cologne/Germany,
Vice President, collective signature.
Wolfgang Staub, from Zuerich, in
Stallikon/ZH/Switzerland,
Secretary, collective signature.
John Wilhelm Blomberg, from Sweden, in
Montagnola/TI/Switzerland,
Member, collective signature.
Rene Arthur Feybli, from Zuerich, in
Uitikon/ZH/Switzerland,
Member, collective signature.
Dominique Raymond Rychner, from Neuchatel,
Aarau,
in Zuerich/ZH/Switzerland,
Member, collective signature.
PERSONNEL INFORMATION:
Like vice president Victor Bogdanov, the
Chairman of the Board of Directors, Vasily Makarov, allegedly also lives in
Cologne in Germany, and is personally not known in Switzerland.
Rene Arthur Feybli has directorships in 10
other companies, in most of which he is however believed to merely represent
the interests of the beneficial shareholders. At least some of his professional
activities he presumably conducts through the company RFW & Partner Asset
Management AG, also headquartered at Basteiplatz 7, in Zurich. He signs as
Chairman of the Board of Directors with collective signature.
Wolfgang Staub is labelled as
"Caretaker" of TMK GLOBAL AG and presumably conducts most of his
professional activities also within RFW & Partner AG, where he is vice
director with collective signature.
FURTHER MANDATES:
Rene Arthur Feybli:
- ANA GRAND AG, Zuerich
- BANAN AG, Zuerich
- RFW & Partner Asset Management AG, Zuerich
- Technipetrol AG, Zug
- Technip International AG, Zug
etc.
Wolfgang Staub:
- ANA GRAND AG, Zuerich
- BANAN AG, Zuerich
- RFW & Partner HRM AG, Zuerich
- RFW & Partner AG, Zuerich
COMMENTS:
The requested company has no registered
telephone number of its own.
Managing director Wolfgang Staub strictly
declines to provide any corporate insight information to third parties.
In earlier years, ie. under the old
designation SINARA TRADING AG, the company had its own telephone connection at
Basteiplatz 7, in Zurich under the number 043 8887300. This number is however
no longer
registered officially.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |