MIRA INFORM REPORT

 

 

Report Date :

01.06.2007

 

IDENTIFICATION DETAILS

 

Name :

Paul Reinhart AG

 

 

Registered Office :

Technikumstrasse 82 8400 Winterthur/ZH

 

 

Country :

Switzerland

 

 

Date of Incorporation :

30-12-1953

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Involved in the international trading of grey cotton.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 150.000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 


 


Detail assessment:

payments:

 

There are no complaints about the mode of payment and business conduct.

 

Individual credit limit*:

EUR 150.000.--

 

 

Name

 

Paul Reinhart AG

 

 

Line of Business

 

Rohbaumwolle

 

 

Legal domicile

 

Technikumstrasse 82

8400 Winterthur/ZH

 

 

Business address

 

Postfach 582

8401 Winterthur/ZH

Switzerland

Telephone:      052 2648181

Fax:                 052 2120055

 

 

CREDIT ADVICE

 

Credit opinion:       A maximum credit of EUR 150.000 is considered in order.

 

This credit advice is based on information available at the time of conducting the research, being the above indicated date.

 

All amounts in this report are given in Swiss Francs (CHF) unless otherwise stated.

 

 

GENERAL COMPANY DATA

 

OFFICIAL DATA:

Legal form:                    Joint stock company

First Publication:            30-12-1953

Last Publication:            30-01-2007

Created by:                   By take over of the previous company.

                                    Year founded: 1788

                                    Legal form: Sole trader

 

History:

The joint stock company was incorporated in 1953.

 

Share capital:     1.000.000

Paid up:              1.000.000

Divided into:       10.000 Registered shares of 100

                          The transfer of registered shares is restricted by regulations contained in Statutes.

 

Shareholders:      It is a family owned joint stock company.

               Shareholders are the family Reinhart.

 

Company Management:   Dr. Thomas Reinhart

                            Paul Alfred Reinhart

                           Juerg Reinhart, Rolf Stahel

 

ACTIVITY:

Line of business:  Trade in grey cotton

Sector:                  Wholesale

 

Activity:

The company is involved in the international trading of grey cotton.

 

Paul Reinhart AG has several representations of companies throughout the world.

 

The client base exclusively includes spinning mills.

 

Trading area:         Worldwide

 

EMPLOYEES:

Number of employees:  65

 

The entire group employs around 250 people.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:    Information only available against proof of interest.

 

There are no complaints about the mode of payment and business conduct.

 

FINANCIAL DATA:

 

Financial position:   The financial affairs are considered to be in order.

 

Financial Statements: The company does not disclose any financial statements.

 

Banker(-s):    Cantonal Bank of Zurich (ZKB), 8000 Zuerich

                      UBS Ltd, 8000 Zuerich

                      Credit Suisse (CS), 8000 Zuerich

                      Cantonal Bank of Basel (BKB), 4000 Basel

                       Ferner werden auch noch auslaendische

                       Bankverbindungen unterhalten.

 

 

Auditors:             PricewaterhouseCoopers AG, Winterthur

 

Real estate property: Real estate is owned.

 

Property:   Location:       Neumarkt 3, Winterthur

                  Object:         Business premises

 

The current value and the scale of the mortgage debt are not known.

 

Neumarkt 3 is the building at Technikumstrasse 82 in Winterthur and is merely another entrance.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Direct Investments:

Paul Reinhart Inc, Richardson, America/US (100.0%).

 

The company has further investment companies in France, Great Britain, Germany, Greece, Portugal, China, Australia, Turkmenistan, Tajikistan, Uzbekistan and Lithuania.

 

BOARD OF DIRECTORS:

Juerg Reinhart, from Winterthur, in Winterthur/ZH/Switzerland,

President, Member of the Management board, collective signature.

Dr. Thomas P. Reinhart, from Winterthur, in Winterthur/ZH/Switzerland,

Vice President, Member of the Management board, collective signature.

Alfred Reinhart, from Winterthur, in Ossingen/ZH/Switzerland,

Member, Member of the Management board, collective signature.

 

MANAGEMENT:

Ezio Vitali, from Winterthur, in Winterthur/ZH/Switzerland,

Member of the Management board, collective signature.

Ulrich C. Arbenz, from Winterthur, Andelfingen, in Zuerich/ZH/Switzerland,

Member of the board, collective signature.

Daniele Ballestrin, from Winterthur, in Winterthur/ZH/Switzerland,

Member of the board, collective signature.

Petra Bockhahn, from Germany, in Buesingen/Germany,

Member of the board, collective signature.

Stefan Braendli, from Wald ZH, in Winterthur/ZH/Switzerland,

Member of the board, collective signature.

Eduard Hegetschweiler, from Ottenbach, Zuerich, in Winterthur/ZH/Switzerland,

Member of the board, collective signature.

Raymond Neuschwander, from Baerschwil, in Embrach/ZH/Switzerland,

Member of the board, collective signature.

Walter Rueegg, from Weisslingen, in Winterthur/ZH/Switzerland,

Member of the board, collective signature.

Zeki Sahin, from Winterthur, in Wiesendangen/ZH/Switzerland,

Member of the board, collective signature.

Juerg Stahel, from Elgg, in Wiesendangen/ZH/Switzerland,

Member of the board, collective signature.

Rolf Stahel, from Elgg, in Wiesendangen/ZH/Switzerland,

Member of the board, collective signature.

Rene Schmid, from St. Gallen, in Dietlikon/ZH/Switzerland,

Authorised signatory, collective signing authority.

 

 

PERSONNEL INFORMATION:

Juerg Reinhart, born on 11.05.1958, is married to a nee von Gimborn and lives at the Leimeneggstrasse 68 in Winterthur.

 

Thomas P. Reinhart resides at the address Zum Hoelzli 21 in Winterthur.

 

He is an Attorney-at-Law and businessman by profession.

 

The top-level members of the management enjoy a good reputation in business affairs.

 

FURTHER MANDATES:

Juerg Reinhart:

- Cobatra AG, Winterthur

- Zum Lenzengraben AG, Winterthur

- Afcodi AG, Winterthur

- Paul Reinhart AG, Winterthur

 

Dr. Thomas P. Reinhart:

- Cobatra AG, Winterthur

- WINCOT AG, Winterthur

- Afcodi AG, Winterthur

- Paul Reinhart AG, Winterthur

- Schweizerischer Verband der Inernationalen Handelsfirmen, Basel

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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