|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TERRAVERA AG |
|
|
|
|
|
|
Registered Office : |
Nordstrasse 13 8580 Amriswil/TG |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Date of Incorporation : |
14.08.2003 |
|
|
|
|
|
|
Com. Reg. No.: |
440.3.016.493-7 / 716189 |
|
|
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
|
|
Line of Business : |
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds |
|
|
|
|
|
|
No. of Employees : |
9 |
|
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful,
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 enhance their international competitiveness, but
some trade protectionism remains, 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 all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently
unfolding in neighboring euro-zone countries pose a significant risk to
Switzerland's financial stability and are driving up demand for the Swiss franc
by investors seeking a safehaven currency. 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 to
2.1% in 2011. Switzerland has also come under increasing pressure from
individual neighboring countries, the EU, the US, and international
institutions to reform its banking secrecy laws. Consequently, the government
agreed to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The government has renegotiated its double
taxation agreements with numerous countries, including the US, to incorporate
the OECD standard, and in 2011 it reached deals with Germany and the UK to
resolve outstanding issues, particularly the possibility of imposing taxes on
bank deposits held by foreigners. These steps will have a lasting impact on
Switzerland's long history of bank secrecy.
Source
: CIA
Terravera AG
Operating
address:
Nordstrasse 13
8580 Amriswil/TG
Switzerland/CH
Telephone: 071
4471530
Fax: 071
4471531
Web
site: http://www.terravera.ch
E-mail: info@terravera.ch
VAT-No.: CHE110179220
Established: 2003
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4621 Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds
4638 Wholesale of other food, including fish,
crustaceans and molluscs
Import/Export: Import, Export
Quality
certification: ISO 9001:2000
Banks: unknown
Coverage: Company
Employees: 9
The business activities includes trading in
organic and conventional raw materials for food and feed industry.
Information on property ownership was not
available.
Company
No: 440.3.016.493-7 /
716189
Legal
form: Company limited
by shares
Registration: 14.08.2003
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Thurgau
History: Date of Statutes:
14.04.2010
Date of
Statutes: 18.03.2008
Date of
Statutes: 28.06.2006
Date of
Statutes: 07.11.2003
Date of
Incorporation Statutes: 13.08.2003
Entry Deleted Name
14.08.2003 Terravera
AG
Entry Deleted Legal domicile
21.04.2010 Amriswil,
Switzerland
18.11.2003 21.04.2010 Arbon, Switzerland
14.08.2003 18.11.2003 Weinfelden, Switzerland
Entry Deleted Address
21.04.2010 Nordstrasse
13, 8580 Amriswil/TG, Switzerland/CH
18.11.2003 21.04.2010 St. Gallerstrasse 34, 9320 Arbon/TG,
Switzerland/CH
14.08.2003 18.11.2003 Marktplatz 3, 8570 Weinfelden/TG,
Switzerland/CH
Entry Deleted Capital
25.03.2008 Share
Capital CHF 1'000'000, paidup CHF 1'000'000
30.06.2006 25.03.2008 Share Capital CHF 250'000, paidup CHF 250'000
14.08.2003 30.06.2006 Share Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
25.03.2008 1'000
Registered shares of CHF 1'000.--
30.06.2006 25.03.2008 250 Registered shares of CHF 1'000.--
14.08.2003 30.06.2006 100 Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
14.08.2003 Tätigung
und Vermittlung von Warengeschäften, insbesondere in den Sektoren Rohstoffe für
die Lebensmittelindustrie, Lebensmittel und Lebensmittel-Zusatzstoffe. Die
Gesellschaft kann sich an Produktionsunternehmen beteiligen oder selbst
Produkte herstellen oder herstellen lassen. Sie kann Zweigniederlassungen,
Geschäftsstellen oder Vertretungen im In- und Ausland errichten sowie andere
Unternehmen erwerben.
Entry Deleted Remarks (original Language)
25.03.2008 Capital:
Ordentliche Kapitalerhöhung: Die Kapitalerhöhung erfolgt durch Barliberierung
im Umfang von CHF 750'000.--, wofür 750 Namenaktien zu CHF 1'000.-- ausgegeben
werden.
14.08.2003 Publishing
authority: SHAB.
14.08.2003 Reports:
Die Mitteilungen an die Aktionäre können mit eingeschriebenen Brief erfolgen,
sofern sämtliche Adressaten der Gesellschaft bekannt sind, sonst erfolgen sie
im SHAB.
Title Name
President Patrick
Döös, Origin: Fischbach, Switzerland, Residential address: Meggen, Switzerland,
joint signature of two, Registered since: 11.04.2012
Chief
Executive Thomas
Kopp, Origin: Luzern, Ebikon, Switzerland, Residential address: Luzern/LU,
Switzerland, joint signature of two
Title Name
General
Manager Thomas
Kopp, Origin: Luzern, Ebikon, Switzerland, Residential address: Luzern/LU,
Switzerland, joint signature of two
Member
with procuration Paul
Betschart, Origin: Muotathal, Switzerland, Residential address: 7504 Gossau/GR,
Switzerland, joint power of attorney of two
Member
with procuration Zikica
Dinic, Origin: Thal, Switzerland, Residential address: Staad/SG, Switzerland,
joint power of attorney of two, Registered since: 16.11.2011
Member
with procuration Silvia
Hirschle, Origin: Kerns, Switzerland, Residential address: Kesswil,
Switzerland, joint power of attorney of two, Registered since: 16.11.2011
Member
with procuration Gisela
Müller, Origin: Kradolf-Schönenberg, Switzerland, Residential address: Arbon,
Switzerland, joint power of attorney of two
Member
with procuration Jörg
Stadelmann, Origin: Arbon, Switzerland, Residential address: 8590
Romanshorn/TG, Switzerland, joint power of attorney of two
Member
with procuration Thomas
Wicki, Origin: Luzern, Switzerland, Residential address: Dierikon, Switzerland,
joint power of attorney of two, Registered since: 13.03.2012
Title Name
Auditor Revisal
AG Gossau, Residential address: Gossau SG, Switzerland
Title Name
Chief
Executive Officer Thomas
Kopp
Deputy
Chief Executive Officer Gisela Müller
Chief
Sales Officer Paul
Betschart
Name: FUGA HOLDING AG LUZERN
City/Country: Luzern/LU, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: FUGA HOLDING AG LUZERN
City/Country: Luzern/LU, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 14.08.2003)
Name: FUGA-INVEST AG
City/Country: Luzern/LU, Switzerland/CH
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
13.01.2006 2006 0
13.01.2006 2005 0
13.01.2006 2004 0
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.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
|
|
1 |
Rs.88.39 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.