MIRA INFORM REPORT

 

 

Report Date :           

18.03.2011

 

IDENTIFICATION DETAILS

 

Name :

EF EDELSTAHL HANDELS GMBH

 

 

Registered Office :

Hauptstrasse 175, 4416 Bubendorf

 

 

Country :

Switzerland

 

 

Date of Incorporation :

11.05.2007

 

 

Com. Reg. No.:

280.4.010.710-9 / 872156

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

trading in steel and stainless steel products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 30'000

 

 

Status :

Moderate 

 

 

Payment Behaviour :

No Complaints

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

EF Edelstahl Handels GmbH

 

 

Operating address

 

Hauptstrasse 175

4416 Bubendorf

Switzerland/CH

Telephone:                    061 9314030

Fax:                             061 9314503

Web site:                      http://www.ef-edelstahl.ch

E-mail:                         ef-edelstahl@tiscalinet.ch

 

 

VAT-No.  

 

CHE-113.625.233

 

 

Profile

 

Established:                  2007

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4672     Wholesale of metals and metal ores

Import/Export:               Import

Quality certification:       ISO 9002

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  1-9

 

 

Activity

 

The business activities includes trading in steel and stainless steel products.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                280.4.010.710-9 / 872156

Legal form:                    Limited liability company

Registration:                 11.05.2007

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Basel-Landschaft

History:                        Date of Incorporation Statutes: 09.05.2007

 

Entry            Deleted   Name

11.05.2007                    EF Edelstahl Handels GmbH

 

Entry            Deleted   Legal domicile

11.05.2007                    Bubendorf, Switzerland

 

Entry            Deleted   Address

11.05.2007                    Hauptstrasse 175, 4416 Bubendorf/BL, Switzerland/CH

 

Entry            Deleted   Capital

11.05.2007                    LLC Capital CHF 50'000

 

Entry            Deleted   Capital Structure

19.11.2009                    1 Participation shares of CHF 49'000.--

19.11.2009                    1 Participation shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

11.05.2007                    Handel mit Stahl- und Edelstahlprodukten. Die Gesellschaft kann sich an anderen Unternehmen beteiligen sowie Grundeigentum erwerben, belasten, veräussern und verwalten.

 

Entry            Deleted   Remarks (original Language)

04.06.2009                    Audit: Gemäss Erklärung der Geschäftsführung vom 29.05.2009 untersteht die Gesellschaft keiner ordentlichen Revision und verzichtet auf eine eingeschränkte Revision.

11.05.2007                    Publishing authority: SHAB.

 

 

Management

 

Title                                           Name

General Manager                         Markus Frutschi, Origin: Ringgenberg BE, Switzerland, Address: Seltisberg, Switzerland, single signature, Appointment: 11.05.2007

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Markus Frutschi

 

 

Ultimate Parent Company

 

Name:                          FRUMAG AG

City/Country:                 Bubendorf, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

Class:                          100%

Name:                          FRUMAG AG

City/Country:                 Bubendorf, Switzerland/CH

Capital share:                CHF 50'000.--

Interest:                        100.00% voting right, 100.00% capital interest (since 11.05.2007)

 

 

Sisters

 

Name:                          EF Edelstahl-Fittings AG

City/Country:                 Bubendorf, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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.

 

 

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.

 

Maximum Credit:           CHF 30'000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.72.57

Euro

1

Rs.63.00

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.