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Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
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Name : |
RFA
INTERNATIONAL, LP, CALGARY (KANADA), SCHAFFHAUSEN BRANCH |
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Registered Office : |
Durachweg 22, 8200 Schaffhausen/SH |
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Country : |
Switzerland |
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Date of Incorporation : |
22.11.2007 |
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Com. Reg. No.: |
290.9.015.980-9 / 890867 |
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Legal Form : |
Branch of foreign company |
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Line of Business : |
Subject company is a direct representative of the Russian Ferro Alloy
Industry and sells Ferro Chrome High Carbon and Ferro Chrome Low Carbon as
well as Ferro Silicon in multiple grades and sizes |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
RFA International, LP, Calgary (Kanada), Schaffhausen Branch
Durachweg 22
8200 Schaffhausen/SH
Switzerland/CH
Telephone: 052
6303131
Fax: 052
6303133
Web
site: http://www.rfainternational.com
VAT-No.: CHE113942308
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, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 10
The company is a direct representative of the Russian Ferro Alloy
Industry and sells Ferro Chrome High Carbon and Ferro Chrome Low Carbon as well
as Ferro Silicon in multiple grades and sizes.
Information on property ownership was not available.
Company
No: 290.9.015.980-9 /
890867
Legal
form: Branch of foreign
company
Registration: 22.11.2007
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schaffhausen
Entry Deleted Name
22.11.2007 RFA
International, LP, Calgary (Kanada), Schaffhausen Branch
Entry Deleted Legal domicile
22.11.2007 Schaffhausen,
Switzerland
Entry Deleted Address
08.05.2008 Durachweg
22, 8200 Schaffhausen/SH, Switzerland/CH
22.11.2007 08.05.2008 Pestalozzistrasse 2, 8200 Schaffhausen/SH,
Switzerland/CH
Entry Deleted Activity (original Language)
08.05.2008 Handel
mit Legierungen ausserhalb Kanadas.
Entry Deleted Remarks (original Language)
active Headquarter:
Calgary, Alberta (CAN).
active Headquarter
company: RFA International, LP.
active Headquarter
legal form: Limited Partnership.
active Headquarter
capital: CAD 10'000.--.
08.05.2008 Headquarter
register number: LP13595582.
Title Name
Branch
Office Manager Mikhail
Antipov, Origin: Russland, Switzerland, Residential address: 8200 Schaffhausen,
Switzerland, single signature, Registered since: 18.07.2008
Branch
Office Manager Alexey
Karnoukhov, Origin: Russland, Switzerland, Residential address: 8000 Zürich,
Switzerland, joint signature of two, Registered since: 24.01.2008
Title Name
Chief Executive Officer Mikhail Antipov
WIN: CA0000043186
Name: RFA International LP
City/Country: Calgary/Alberta, Canada/CA
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
19.10.2010 2010 0
19.10.2010 2009 0
19.10.2010 2008 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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.46 |
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UK Pound |
1 |
Rs.83.13 |
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Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
---- |
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.