MIRA
INFORM REPORT
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Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SeverStal Export GmbH |
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Registered Office : |
Fischergasse 3, 6362
Stansstad/NW |
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Country : |
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Date of Incorporation : |
08-05-2001 |
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Legal Form : |
Limited
liability company |
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Line of Business : |
Trading of steel. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 250.000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Business connections are
permissible |
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detail
assessment: |
payments: |
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Regular |
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Individual
credit limit*: |
EUR 250.000,-- |
Name
SeverStal Export GmbH
Line of Business
Stahlhandel
Legal domicile
Fischergasse 3
6362 Stansstad/NW
Telephone: 041
6197710
Fax: 041
6197719
Homepage: www.severstal.com
All amounts in this report are given in Swiss
Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Limited
liability company
Registration: 08-05-2001
First Publication: 14-05-2001
Last Publication: 16-02-2007
Created by: The
company was created by a change in legal status
Previous company: Nova
Steel AG
6362 Stansstad/NW
Year founded: 1999
Legal form: Joint stock company
Original capital: 500.000
Paid up: 500.000
Direct Parent com.: Severstal Trade Ges.m.b.H, Wien, Austria/AT
with a share of 100%.
Company Management: Whithold Skrotzki
ACTIVITY:
Line of business: Trade in steel
Sector:
Wholesale
Activity:
The scope of activity encompasses the
international (transit) trading of steel. Based on the information available to
us, the steel is purchased in
Trading area: International
EMPLOYEES:
Number of employees of the Severstal Group
at 31.12. (full-time employees):
2005:
52,919
2004:
54,597
2003:
61,377
2002:
52,439
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only available against
proof of interest.
There are no complaints about the mode of
payment and business conduct.
Since the company conducts most of its
business activities on an international basis, there is a lack of comprehensive
experience as regards the local payment conduct.
For large-scale financial transaction the
company should however be capable of providing appropriate capital guarantees
or securities.
FINANCIAL DATA:
Financial position: The financial affairs are considered good
and in order.
Financial Statements: The company does not
disclose any financial statements.
Consolidated key figures (in USD
1.000.000):
Severstal Gruppe
31.12.2005 31.12.2004 31.12.2003
Sales 7'927.7 6'663.8
3'197.3
Operating Profit/Loss 1'824.3 1'938.5 762.1
Cost of employees 654.9 645.1 301.1
Depreciation 255.8 250.0 226.6
Profit/Loss 1'291.7 1'408.0 604.1
Cash-Flow 1'638.0 1'122.5 500.9
Investments 827.9 610.9 247.9
Shareholder funds 7'004.3 3'859.5
2'597.1
Balance sheet total 10'749.1 6'583.6
3'873.8
Key figures of the Severstal Group for the
first six months of the 2006 financial year (at 30.06.2006, in 1000
30.06.2006 30.06.2005
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Sales
4'376'701 4'470'407
Operating profit 709'937 1'377'159
Net profit
411'992 900'375
Cash flow 705'461 1'144'588
The financials for the complete 2006
fiscal year are still pending.
Takeover from: Nova
Steel AG
6362 Stansstad/NW
Type: Takeover as a result of reorganisation
Registered on: 08-05-2001
Balance Sheet per: 31-12-2000
Assets: 181.616.086
Liabilities: 164.635.107
Banker(-s): Various major banks local branches
Auditors:
KPMG AG, Zuerich
The group owns numerous properties. The
acquisition value and the net book value of the buildings and constructions
amount to (at 31.12., in USD):
Valuation at cost Net book value
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2005
925.890.000.--
907.761.000.--
2004
439.646.000.--
327.612.000.--
2003
382.468.000.--
306.003.000.--
COMPANY AND PERSON
RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Severstal Trade Ges.m.b.H, Wien, Austria/AT
with a share of 100%.
Ultimate Parent com.:
The former Nova Steel AG was fully owned
by the Nova Steel Group Ltd in
The Russian industrial holding Severstal
consists of steel and automobile manufacturers as well as mining companies. The
Group comprises the following segments:
- Steel segment
- Metalware segment
- Mining segment
- Financing segment
- Insurance segment
Investments: No investments apparent. Approximately 23
companies belong to the group of which 1 are in
PARTNER:
Severstal Trade Ges.m.b.H. , in Wien/Austria, Partner, without signing authority.
Capital share: CHF 500'000.--.
Withold Skrotzki, from
Partner, General Manager, collective
signature.
MANAGEMENT:
Andrei Drovossekov, from
General Manager, collective signature.
Juerg Zentner-Murer, from Urnaesch, in
Sarnen/OW/Switzerland,
Authorised signatory, collective signing
authority.
PERSONNEL INFORMATION:
Withold Skrotzki lives at the address La
Maison in 6363 Buergenstock.
He was managing director of the Nova Steel
AG, Stansstad, which has been acquired by Severstal Export GmbH.
There are no detrimental reports on the
responsible persons' business conduct.
FURTHER MANDATES:
Withold Skrotzki:
- W. Skrotzki & Cie, International
Business Development, Hergiswil
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)