|
Report No. : |
340491 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TELF AG |
|
|
|
|
Registered Office : |
Via Sorengo 1, 6900 Lugano/TI |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Year of Establishment : |
1993 |
|
|
|
|
Com. Reg. No.: |
514.3.008.316-2 |
|
|
|
|
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 : |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
TELF AG
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
WIN
Worldbox No.: CH0002526134
VAT-No.: CHE-107.498.742 MWST
UID-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: 2015
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
UID-No.: CHE107498742
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 Pedullà
Citizen: Lugano,
Switzerland
Residential
address: 6823 Lugano, Switzerland
single
signature
Registered
since: 01.07.2009
Title Name
Member
with procuration Denny Berger
Citizen:
Lagnau im Emmental, Switzerland
Residential
address: Lugano, Switzerland
single
power of attorney
Registered since: 08.05.2015
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 Maryna
Druzhynets
Citizen:
Ukraine
Residential
address: Castagnola (Lugano), Switzerland
single
power of attorney
Registered
since: 08.05.2015
Member
with procuration Natalia
Egorova
Citizen:
Russia
Residential
address: 6900 Massagno, Switzerland
single
power of attorney
Registered
since: 20.06.2011
Member
with procuration Riad
Khassanov
Citizen:
Kazakhstan
Residential
address: Lugano, Luxembourg
joint power of attorney of two, Restricted signatory powers
Registered since:
08.05.2015
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
Member
with procuration Lisa Palagano
Bühler
Citizen:
Massagno, Switzerland
Residential
address: Cureglia, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 08.05.2015
Member
with procuration Vladyslav
Samarskyi
Citizen: Ukraine
Residential
address: Montagnola (Collina d'Oro), Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered since:
08.05.2015
Member
with procuration Konstantin
Savkin
Citizen:
Russia
Residential
address: Lugano, Switzerland
joint power of attorney of two, Restricted signatory powers
Registered since:
08.05.2015
Member
with procuration Olesja
Sisojeva
Citizen:
Latvia
Residential
address: Massagno, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 08.05.2015
Member
with procuration Mark Teroerde
Citizen: Germany
Residential
address: Montagnola (Collina d'Oro), Switzerland
joint
power of attorney of two, Limited to the Branch office
Registered
since: 08.05.2015
Title Name
Auditor KPMG
SA
Residential
address: Lugano, Switzerland
Registered
since: 22.03.2005
Owner: The
company is foreign owned.
Class: 50-100%
Name: SSKF
Soparfi S.A.
City/Country: Ansembourg, Luxembourg/LU
Interest: 80,00% voting right,
80,00% capital interest
Name: EDW Polska Spzoo
City/Country: Warszawa, Poland/PL
Name: Koks-Chem Spzoo
City/Country: Warszawa, Poland/PL
Name: PDN Polska Spzoo
City/Country: Warszawa, Poland/PL
Name: T E TRANS SP Z O O
City/Country: Warszawa, Poland/PL
Name: TELF B. & T. UK
LIMITED
City/Country: LONDON, United Kingdom/GB
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
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.
The company is not listed in the
WorldCompliance database.
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
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.66.50 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.