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Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TMT METALS AG |
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Registered Office : |
Baarerstrasse 53, 6300 Zug/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
01.02.2010 |
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Com. Reg. No.: |
170.3.034.205-0 / 970427 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesaler of metals and metal ores |
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No of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
TMT Metals AG
Baarerstrasse 53
6300 Zug/ZG
Switzerland/CH
Telephone: 041
5442801
Fax: 041
5442669
Web
site: http://www.tmt-metals.com
E-mail: info@tmt-metals.com
WIN
Worldbox No.: CH0008516763
VAT-No.: CHE115397540
Established: 2010
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: 15
As a merchant, the company is able to source
material from various locations worldwide, allowing flexibility, which can be
passed to its clients. The company specializes in the purchase and selling of
precious, base and minor metals and ferro-alloys.
Products:
- Bullion: Gold, Silver
- Base: Copper, Aluminium, Lead, Zinc,
Nickel, Tin
- PGMs: Platinum, Palladium, Rhodium,
Ruthenium
- Minors: Antimony, Cobalt, Chromium,
Magnesium, Manganese, Rhenium, Silicon, Titanium, Tantalum, Vanadium
Information on property ownership was not
available.
Company
No: 170.3.034.205-0 / 970427
Legal
form: Company limited by
shares
Registration: 01.02.2010
Legal
status: active
Responsible
Register: Handelsregister des Kantons Zug
(since 01.02.2010)
History: Date of Statutes:
12.08.2013
Date of
Statutes: 07.08.2012
Date of
Statutes: 16.12.2011
Date of
Statutes: 04.03.2011
Date of
Incorporation Statutes: 27.01.2010
Entry Deleted Name
23.12.2011 TMT
Metals AG
23.12.2011 TMT
Metals SA (Name translated)
23.12.2011 TMT
Metals Ltd (Name translated)
01.02.2010 23.12.2011 Tiberius Metals Trading AG
01.02.2010 23.12.2011 Tiberius Metals Trading SA (Name translated)
01.02.2010 23.12.2011 Tiberius Metals Trading Ltd (Name translated)
Entry Deleted Legal domicile
17.08.2012 Zug,
Switzerland
23.12.2011 17.08.2012 Cham, Switzerland
01.02.2010 23.12.2011 Zug, Switzerland
Entry Deleted Address
17.08.2012 Baarerstrasse
53, 6300 Zug/ZG, Switzerland/CH
26.03.2012 17.08.2012 c/o Swiss Lawyers Infrastructure GmbH, Alte
Steinhauserstrasse 1, 6330 Cham/ZG, Switzerland/CH
23.12.2011 26.03.2012 Alte Steinhauserstrasse 1, 6330 Cham/ZG,
Switzerland/CH
01.02.2010 23.12.2011 Baarerstrasse 53, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
19.08.2013 Share
Capital CHF 6,321,569, paidup CHF 6,321,569
23.12.2011 19.08.2013 Share Capital CHF 3,921,569, paidup CHF
3,921,569
10.03.2011 23.12.2011 Share Capital CHF 2,000,000, paidup CHF
2,000,000
01.02.2010 10.03.2011 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
19.08.2013 6,321,569
Registered shares with restricted transferability of CHF 1.--
23.12.2011 19.08.2013 3,921,569 Registered shares with restricted
transferability of CHF 1.--
10.03.2011 23.12.2011 2,000,000 Registered shares with restricted
transferability of CHF 1.--
01.02.2010 10.03.2011 1,000,000 Registered shares with restricted
transferability of CHF 1.--
Entry Deleted Activity (original Language)
01.02.2010 Handel
mit Rohstoffen aller Art und anderen Gütern auf internationaler Basis,
insbesondere mit Metallen; vollständige Zweckumschreibung gemäss Statuten.
Entry Deleted Remarks (original Language)
19.08.2013 Capital:
Ordentliche Kapitalerhöhung.
23.12.2011 Capital: Ordentliche Kapitalerhöhung.
10.03.2011 Capital:
Ordentliche Kapitalerhöhung durch Verrechnung einer Forderung von CHF
1'000'000.00, wofür 1'000'000 Namenaktien zu CHF 1.00 ausgegeben werden.
01.02.2010 Publishing
authority: SHAB.
01.02.2010 Shares: Die Übertragbarkeit der Namenaktien ist nach
Massgabe der Statuten beschränkt.
01.02.2010 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Brief, Telefax oder E-Mail an
die im Aktienbuch verzeichneten Adressen.
Title Name
President Christoph
Eibl, Origin: Germany, Residential address: 6300 Zug, Switzerland, born: 1979,
single signature, Registered since: 13.01.2011
Vice-President Michael Hutchinson,
Origin: United Kingdom, Residential address: Tiverton, United Kingdom, joint
signature of two, Registered since: 26.05.2014
Title Name
Auditor Bankrevisions-
und Treuhand AG, Residential address: Zürich, Switzerland, Id:
CH-020.3.902.756-7, Registered since: 01.02.2010
Title Name
Chief
Executive Officer Christoph
Eibl
Name: TMT Holding AG
City/Country: Zug/ZG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: TMT Holding AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: TMT METALS (UK) LTD
City/Country: London, United Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest
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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.29 |
|
|
1 |
Rs. 99.34 |
|
Euro |
1 |
Rs. 80.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
DPT |
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.