MIRA INFORM REPORT

 

 

Report Date :

21.05.2014

 

IDENTIFICATION DETAILS

 

Name :

CENTRAVIS SALES (SWITZERLAND) SA

 

 

Registered Office :

Via San Salvatore 13, Casella Postale 609, 6902 Lugano-Paradiso/Ti

 

 

Country :

Switzerland

 

 

Date of Incorporation :

07.05.2004

 

 

Com. Reg. No.:

514.3.028.158-8 / 746212          

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

·         supplier of high-quality solutions in seamless stainless steel tubes and pipes

Agents involved in the sale of fuels, ores, metals and industrial chemicals

Wholesaler of metals and metal ores

 

Subject product ranges includes :

General tubes and pipes

Instrumentation tubes

Boiler tubes

Furnace tubes

Hollow bars

Heat exchanger tubes

Nickel-based alloys

 

 

No of Employees :

10 (Approximately)

 


 

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 :

Unknown

 

 

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

 

 


Company name

 

CENTRAVIS SALES (SWITZERLAND) SA

 

 

Operating address

 

Via San Salvatore 13

Casella Postale 609

6902 Lugano-Paradiso/Ti

Switzerland/CH

 

Telephone:                    091 9605060

Fax:                             091 9605061

 

Web site:                      http://www.centravis.com

E-mail:                         info@centravis.com

 

VAT-No.:                      CHE111647703

 

 

Profile

 

Established:                  2004

Line of Business:           Consumer goods wholesale, Trade brokers

Industry Division:           Wholesale trade

Industry-code (NACE):     4672     Wholesale of metals and metal ores

                                      4612     Agents involved in the sale of fuels, ores, metals and industrial chemicals

Import/Export:               Import

Banks:                         UBS Ltd

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  10

 

 

Activity

 

The company is supplier of high-quality solutions in seamless stainless steel tubes and pipes. Its portfolio includes over 1000 sizes among more than 100 corrosion and heat resistant steel grades in 7 product segments:

- General tubes and pipes

- Instrumentation tubes

- Boiler tubes

- Furnace tubes

- Hollow bars

- Heat exchanger tubes

 -Nickel-based alloys

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                514.3.028.158-8 / 746212

Legal form:                    Company limited by shares

Registration:                 07.05.2004

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

History:                        Date of Statutes: 26.05.2010

                                    Date of Statutes: 02.10.2007

                                    Date of Statutes: 29.03.2007

                                    Date of Statutes: 23.06.2005

                                    Date of Incorporation Statutes: 22.04.2004

 

Entry            Deleted   Name

16.10.2007                    CENTRAVIS SALES (SWITZERLAND) SA

07.05.2004    16.10.2007  UAS SA

 

Entry            Deleted   Legal domicile

02.04.2007                    Paradiso, Switzerland

07.05.2004    02.04.2007  Lugano, Switzerland

 

Entry            Deleted   Address

02.04.2007                    Via San Salvatore 13, 6902 Paradiso/TI, Switzerland/CH

07.05.2004    02.04.2007  Via Calloni 1, 6900 Lugano/TI, Switzerland/CH

 

Entry            Deleted   Capital

28.07.2005                    Share Capital CHF 1,000,000, paidup CHF 1,000,000

07.05.2004    28.07.2005  Share Capital CHF 1,000,000, paidup CHF 500,000

 

Entry            Deleted   Capital Structure

07.05.2004                    100,000 Registered shares of CHF 10.--

 

Entry            Deleted   Activity (original Language)

28.05.2010                    L'acquisto, la vendita, la detenzione di prodotti nel settore siderurgico dell'acciaio e in quello del trading di metalli ferrosi e non, e di altre materie prime. La detenzione e la gestione di partecipazioni in società operanti nei medesimi settori. La società può acquistare, detenere e vendere proprietà immobiliari, nonché acquistare, locare e vendere macchinari ed installazioni, in particolare per la produzione di manufatti in acciaio ed ogni altra lega di metallo. La società può effettuare finanziamenti ad ogni altro soggetto terzo; la società potrà concedere finanziamenti, nonché prestare garanzie o cauzioni di ogni tipo a favore di soggetti appartenenti allo stesso gruppo societario, società controllanti, controllate o collegate, nonché a soggetti terzi.

02.04.2007  28.05.2010  L'acquisto, la vendita, la detenzione e la gestione di partecipazioni nel settore della produzione di acciaio e in quello del trading di metalli ferrosi e non, e di altre materie prime. La società può acquistare, detenere e vendere proprietà immobiliari, nonché acquistare e locare macchine e installazioni, in particolare per la produzione di manufatti in acciaio.

07.05.2004  02.04.2007  L'acquisto, la vendita, la detenzione e la gestione di partecipazioni nel settore della produzione di acciaio e in quello del trading di metalli ferrosi e non, e di altre materie prime. La società può acquistare, detenere e vendere proprietà immobiliari.

 

Entry          Deleted      Remarks (original Language)

26.06.2007                    Merger: Ripresa di attivi e passivi di NS Trading & Management AG, in Hergiswil NW (CH-150.3.002.002-2), secondo il contratto di fusione del 21.06.2007 e bilancio al 31.12.2006, che presenta attivi per CHF 1'743'267.90 nei quali sono comprese tutte le azioni della società assuntrice e passivi verso terzi per CHF 471'654.13, con un attivo netto di CHF 1'271'613.77. La fusione avviene senza aumento di capitale visto che gli azionisti della società trasferente ricevono le azioni proprie della società assuntrice a seguito della fusione.

28.07.2005                    Financial data: Compensazione crediti: CHF 500'000.--.

07.05.2004                    Publishing authority: FUSC.

 

 

Official Administration

 

Title                                           Name

President                                    Igor Marfut, Origin: Germany, Residential address: Essen, Germany, joint signature of two, Registered since: 28.06.2010

Director                                      Yuriy Atanasov, Origin: Ukraine, Residential address: Paradiso, Switzerland, joint signature of two, Registered since: 11.01.2013

Director                                      Peter Kratz, Origin: Germany, Residential address: Emmenbrücke (Ebikon), Switzerland, single signature, Registered since: 13.02.2012

 

 

External Positions

 

Title                                           Name

Auditor                                       PKF CERTIFICA SA, Residential address: Lugano, Switzerland, Id: CHE-109.298.444, Registered since: 20.11.2013

 

 

Ultimate Parent Company

 

Name:                          Centravis Limited

City/Country:                 Limassol, Cyprus/CY

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Type:                            direct, Group-Level 1

Name:                          Centravis Limited

City/Country:                 Limassol, Cyprus/CY

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Investments

 

Class:                          100%

Name:                          Centravis Sales America Inc.

City/Country:                 Houston/Texas, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

27.11.2007          2007                           0

27.11.2007          2006                           0

27.11.2007          2005                           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.

 

 

Credit Information

 

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.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.58.75

UK Pound

1

Rs.98.77

Euro

1

Rs.80.53

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.