|
Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TELF AG |
|
|
|
|
Registered Office : |
Via Sorengo 1, 6900 Lugano/TI |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
1993 |
|
|
|
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Com. Reg. No.: |
514.3.008.316-2 / 321291 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Agents involved in the sale of fuels, ores, metals and industrial
chemicals |
|
|
|
|
No of Employees : |
3 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 began
to recover in 2010. 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 safe-haven 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 below 2%
per year during 2011-13. 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 is considering 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 |
TELF AG
Operating address:
Via Sorengo 1 Branch:
6900 Lugano/TI via
Tesserete 67
Switzerland/CH 6942
Savosa/TI
Switzerland/CH
Telephone: 091
2602400 091
9608888
Fax: 091
9608889
Web
site: http://www.telf.ch
E-mail: info@telf.ch
VAT-No.: CHE107498742
Established: 1993
Line
of Business: Trade brokers
Industry
Division: Wholesale trade
Industry-code (NACE): 4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 3
Sales: CHF 2-4 Mio
The company is an international trading company with experience in commodity
products. The company exports coal mainly by sea through Ust-Luga and Riga
ports in the Baltics, through Nakhodka and Vostochny ports in the Far-East and
through major ports in the Black Sea and Azov sea areas, primarily from
Mariupol. Exports by railway lines include Poland, Ukraine and other Eastern
European countries. Total export volume in 2010-2012 – 8 mio mt, in 2013 the
company aims to sell approximately 5 mio mt, and total already contracted
volume for 2014 is 5.5 mio mt. The company expects to grow total export volume
by 2017 to 12 mio mt per year. The company is supplying its customers with the
following products: Coking coal from Colombia; Anthracite from Russia and
Ukraine; Coke breeze from Russia and Ukraine; Steam coal from South Africa and
Indonesia.
The have exclusive offtake agreements directly with two mines: LLC
“Razrez “Bungurskiy-Severniy”, Russia; JSC “Shubarkol Komir”, Kazakhstan.
Export routes: Ust-Luga, Riga, Mariupol, Vostochny, Nakhodka.
Real
Estate: The company does
not appear to own any property.
Company
No: 514.3.008.316-2 / 321291
Legal
form: Company limited by
shares
Registration: 26.06.1996
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
22.07.2014
Date of
Statutes: 23.12.2013
Date of
Statutes: 15.12.2003
Date of
Statutes: 18.03.1998
Date of
Statutes: 27.02.1998
Date of
Statutes: 11.12.1996
Date of
Statutes: 21.06.1996
Date of
Incorporation Statutes: 12.07.1993
Entry Deleted Name
26.06.1996 Telf
AG
Entry Deleted Legal domicile
23.07.2014 Lugano,
Switzerland
26.06.1996 Neuheim, Switzerland
26.06.1996 23.07.2014 Savosa, Switzerland
Entry Deleted Address
23.07.2014 Via
Sorengo 1, 6900 Lugano/TI, Switzerland/CH
26.06.1996 23.07.2014 Via Tesserete 67, 6942 Savosa, Switzerland/CH
Entry Deleted Capital
16.12.2003 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
02.01.2014 3,000
Registered shares of CHF 1,000.--
16.12.2003 02.01.2014 3,000 Bearer shares of CHF 1,000.--
Title Name
President Daniel
Kolarov
Citizen:
Ginevra, Switzerland
Residential
address: 1222 Vésenaz (Collonge-Bellerive), Switzerland
single
signature
Registered
since: 02.09.2010
Director Ada Benini
Tauro
Citizen:
Mendrisio, Switzerland
Residential
address: 6863 Besazio, Switzerland
single
signature
Registered
since: 02.09.2008
Director Marina
Pozzi
Citizen:
Lugano, Switzerland
Residential
address: 6823 Lugano, Switzerland
single
signature
Registered
since: 01.07.2009
Title Name
Member
with procuration Giovanna
Caraccioli-Meloni
Citizen:
Bioggio, Switzerland
Residential
address: 6934 Bioggio, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 20.06.2011
Member
with procuration Natalia
Egorova
Citizen:
Russia
Residential
address: 6900 Massagno, Switzerland
single
power of attorney
Registered
since: 20.06.2011
Member
with procuration Myrzagul
Nurbaeva-Baverstam
Citizen:
Russia
Residential
address: Massagno, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 20.06.2011
Title Name
Auditor KPMG SA
Residential
address: Lugano, Switzerland
Registered
since: 22.03.2005
Owner: The company is foreign
owned.
It is believed that the company has no investments.
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.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.