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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
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Name : |
KEYTRADE AG |
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Registered Office : |
Zürcherstrasse
68, 8800 Thalwil/ZH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 (Keytrade Group – Consolidated) |
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Date of Incorporation : |
23.05.1997 |
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Com. Reg. No.: |
130.0.008.867-2 / 399954 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Engaged in global trader of raw materials, especially chemical fertilizers (Nitrogen, Phosphates & Complex Fertilizers and Potash), including transport, storage and all related activities. Wholesaler of chemical products |
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No of Employees : |
115 (Keytrade Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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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 |
Keytrade AG
Zürcherstrasse 68
8800 Thalwil/ZH
Switzerland/CH
Telephone: 044
7878080
Fax: 044
7878095
044 7878370
Web site: http://www.keytrade.ch
E-mail: kt-trading@keytrade.ch
VAT-No.: CHE108610705
Established: 1997
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Import, Export
Banks: UBS Ltd
CS Credit
Suisse
Organisation
level: Ultimate Parent
Coverage: Group
Employees: 80-149
Sales: CHF 1-2 Bil
The business includes the global trade in raw materials, especially
chemical fertilizers (Nitrogen, Phosphates & Complex Fertilizers and
Potash), including transport, storage and all related activities.
Information on property ownership was not available.
Company
No: 130.0.008.867-2 /
399954
Legal
form: Company limited
by shares
Registration: 23.05.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich (since 31.08.2005)
History: Date of Incorporation
Statutes: 02.05.1997
Date of
Statutes: 08.10.2007
Date of
Statutes: 10.05.2006
Date of Statutes:
13.01.2006
Date of
Statutes: 26.08.2005
Entry Deleted Name
active Keytrade
AG
active Keytrade
SA (Name translated)
active Keytrade
Ltd (Name translated)
Entry Deleted Legal domicile
31.08.2005 Thalwil,
Switzerland
31.08.2005 Freienbach, Switzerland
Entry Deleted Address
31.08.2005 Zürcherstrasse
68, 8800 Thalwil/ZH, Switzerland/CH
Entry Deleted Capital
10.10.2007 Participation
Capital CHF 1,000,000, paidup CHF 1,000,000
15.05.2006 Share
Capital CHF 6,000,000, paidup CHF 6,000,000
Entry Deleted Capital Structure
10.10.2007 10,000
Registered participation certificates of CHF 100.--
15.05.2006 60,000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
10.10.2007 Zweck
der Gesellschaft ist der weltweite Handel mit Rohstoffen, insbesondere mit
chemischen Düngemitteln, inklusive Transport, Lagerung und alle damit
zusammenhängenden Aktivitäten. Die Gesellschaft kann sich an anderen
Unternehmungen beteiligen sowie Grundstücke erwerben, verwerten, verwalten und
veräussern, Tochtergesellschaften und Zweigniederlassungen im In- und Ausland
errichten und ausserdem alle Rechtshandlungen vornehmen, die der Zweck der
Gesellschaft mit sich bringen kann, insbesondere auch Garantien und
Sicherheiten zugunsten von nahestehenden Gesellschaften gewähren.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
10.10.2007 Participation
certificates: Die Vorzugspartizipationsscheine gewähren Vorrechte bezüglich
Dividende und Liquidationserlös gemäss Statuten.
10.10.2007 Shares:
Die Übertragbarkeit der Namenaktien und der Namenpartizipationsscheine ist nach
Massgabe der Statuten beschränkt.
10.10.2007 Reports:
Mitteilungen an die Aktionäre erfolgen schriftlich an die im Aktienbuch
eingetragenen Adressen.
Title Name
President W. Anthony
Will, Origin: United States of America, Residential address: Deerfield, United
States of America, joint signature of two
Vice-President,
Chief Executive Melih Keyman, Origin:
Rüschlikon, Switzerland, Residential address: 8803 Rüschlikon/ZH, Switzerland,
joint signature of two
Director Peter B.
Arnold, Origin: Büron, Zug, Switzerland, Residential address: Baar/ZG,
Switzerland, joint signature of two
Director Christoph
Heiz, Origin: Oetwil an der Limmat, Menziken, Switzerland, Residential address:
8000 Zürich/ZH, Switzerland, joint signature of two
Director Dennis P.
Kelleher, Origin: United States of America, Residential address: Deerfield /IL,
United States of America, joint signature of two, Registered since: 05.10.2011
Director Thomas van
Berkel, Origin: Netherlands, Residential address: Wollerau, Switzerland, joint
signature of two
Title Name
Director Yang Bao Heng,
Origin: China, Residential address: Peking, China, joint signature of two
Director Errol
Brandt, Origin: Zürich, Switzerland, Residential address: 8800 Thalwil/ZH,
Switzerland, joint signature of two
Director Juan
Manuel Gonzalez Navarro, Origin: Spain, Residential address: Freienbach ,
Switzerland, joint signature of two, Registered since: 04.08.2010
Director Andreas
Vaterlaus, Origin: Thalwil, Switzerland, Residential address: Rüschlikon,
Switzerland, joint signature of two
Vice-Director René Leuenberger,
Origin: Trachselwald, Switzerland, Residential address: Horgen, Switzerland,
joint power of attorney of two
Member
with procuration Monica
Benavente Norza, Origin: Spain, Residential address: Winterthur, Switzerland,
joint power of attorney of two, Registered since: 14.02.2012
Member
with procuration Peter
Braunreiter, Origin: Germany, Residential address: Oberägeri, Switzerland,
joint power of attorney of two, Registered since: 09.10.2012
Member
with procuration Lee Yee
Chan, Origin: Malaysia, Residential address: Wädenswil, Switzerland, joint
power of attorney of two, Registered since: 10.07.2013
Member
with procuration Malgorzata
Izabela Gill, Origin: Poland, Residential address: Thalwil, Switzerland, joint
power of attorney of two
Member
with procuration Ziya Ahmet
Keyman, Origin: Rüschlikon, Switzerland, Residential address: Rüschlikon,
Switzerland, joint power of attorney of two, Registered since: 09.10.2012
Member
with procuration Ziya Ahmet
Keyman, Origin: Rüschlikon, Switzerland, Residential address: Rüschlikon,
Switzerland, joint power of attorney of two, Registered since: 14.04.2014
Member
with procuration Paul Saxby,
Origin: United Kingdom, Residential address: Baar/ZG, Switzerland, joint power
of attorney of two
Member
with procuration Michael
Thye, Origin: Germany, Residential address: Richterswil, Switzerland, joint
power of attorney of two, Registered since: 10.07.2013
Member
with procuration Bozana
Vukmirovic, Origin: Luzern, Switzerland, Residential address: Zürich,
Switzerland, joint power of attorney of two, Registered since: 10.07.2013
Member
with procuration Nadav
Yidgar, Origin: Israel, Residential address: Wädenswil, Switzerland, joint
power of attorney of two, Registered since: 09.10.2012
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland
Title Name
Chief
Executive Officer Melih
Keyman
Chief
Financial Officer Errol
Brandt
Chief
Production Officer Andreas
Vaterlaus
Chief
Business Segment Officer Yang Bao Heng
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Remarks: about about about about
Operating revenue 1,750,000.0 1,826,000.0 1,846,000.0 1,216,000.0 826,000.0
Capital 6,000.0 6,000.0 6,000.0 6,000.0 6,000.0
Investments in
tangible fixed assets 500.0 900.0 3,000.0
Sales per Employee 15,217.0 15,606.0 16,782.0 12,936.0 12,906.0
Employees at year end 115 117 110 94 64
No.
of Owner/-s: 2
Class: 50%
Type: direct, Group-Level
1
Name: CF INDUSTRIES HOLDINGS
INCORPORATED
City/Country: DEERFIELD, United States of
America/US
Interest: 50,00% voting right,
50,00% capital interest (since 2007)
Class: 50%
Type: direct
Name: Melih Keyman
City/Country: Rüschlikon/ZH, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 100%
Name: KEYTRADE AFRICA SA
City/Country: Thalwil/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 2007)
Class: 100%
Name: Keytrade Iberia S.L.
City/Country: Madrid, Spain/ES
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Keytrade North America
Inc
City/Country: Tampa/Florida, United States of
America/US
Interest: 100,00% voting right,
100,00% capital interest (since 2000)
Class: 100%
Name: Keytrade (Poland) S.A.
City/Country: Thalwil/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Keytrade Polska Spzoo
City/Country: Szczecin, Poland/PL
Interest: 100,00% voting right,
100,00% capital interest (since 1999)
Class: 100%
Name: Keytrade SE Asia
Pacific Pte. Ltd.
City/Country: Singapore, Singapore/SG
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
11.06.2013 2013 0
11.06.2013 2012 0
11.06.2013 2011 0
04.02.2009 2009 0
04.02.2009 2008 0
04.02.2009 2007 0
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
Payment
experiences from pre-legal collection cases:
No payment experiences from pre-legal collection cases are available.
Payment
experiences from collection cases:
No payment experiences from legal collection cases are available.
Mode of payment /
Business conduct:
There are no complaints about the mode of payment and the business conduct.
Financial
Situation: The financial situation
is good.
Payment
experiences: Financial obligations are
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
UK Pound |
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.