MIRA INFORM REPORT

 

 

Report Date :           

27.08.2011

 

IDENTIFICATION DETAILS

 

Name :

J. CARL FRIDLIN GEWÜRZE AG

 

 

Registered Office :

Bösch 61, 6331 Hünenberg

 

 

Country :

Switzerland

 

 

Date of Incorporation :

11.02.1982

 

 

Com. Reg. No.:

170.3.005.851-7 / 63165

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

development and research, processing, filling and packaging as well as trade and distribution of spices

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 120'000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Switzerland

a1

a11

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

J. Carl Fridlin Gewürze AG

 

 

Operating address

 

Bösch 61

6331 Hünenberg

Switzerland/CH

Telephone:                    041 7841122

Fax:                             041 7841133

Web site:                      http://www.fridlin.ch

E-mail:                         info@fridlin.ch

VAT-No.:                      CHE101026586

 

 

Profile

 

Established:                  1982

Line of Business:           Food

Industry Division:           Manufacturing

Industry-code (NACE):     1089     Manufacture of other food products n.e.c.

Import/Export:               Import, Export

Quality certification:       ISO 9001:2000

Banks:                         ZGKB Zuger Kantonalbank

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  75

 

 

Activity

 

The business activities includes the development and research, processing, filling and packaging as well as trade and distribution of spices.

 

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                170.3.005.851-7 / 63165

Legal form:                    Company limited by shares

Registration:                 11.02.1982

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

Auditor:                        Duss Treuhand, Zug

History:                        Date of Incorporation Statutes: 05.02.1982

                                    Date of Statutes: 07.05.1997

 

Entry            Deleted   Name

active                           J. Carl Fridlin Gewürze AG

active                           J. Carl Fridlin Gewürze Ltd (Name translated)

active                           J. Carl Fridlin Gewürze Inc. (Name translated)

active                           J. Carl Fridlin Gewürze SA (Name translated)

 

Entry            Deleted   Legal domicile

09.05.1997                    Hünenberg, Switzerland

                    09.05.1997  Zug, Switzerland

 

Entry            Deleted   Address

09.05.1997                    Bösch 61, 6331 Hünenberg/ZG, Switzerland/CH

                    09.05.1997  Löbernstrasse 7, 6300 Zug/ZG, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 300'000, paidup CHF 300'000

 

Entry            Deleted   Capital Structure

09.05.1997                    300 Registered shares with restricted transferability of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

active                           Handel mit und Verarbeitung von Gewürzen sowie ähnlichen Produkten und insbesondere den Betrieb einer Gewürzmühle

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

 

 

Official Administration

 

Title                                           Name

President                                    J. Carl Fridlin, Origin: Zug, Switzerland, Address: Hünenberg/ZG, Switzerland, joint signature of two

Chief Executive                           Peter J.C. Fridlin, Origin: Zug, Switzerland, Address: Zug/ZG, Switzerland, joint signature of two

Executive Director                       Trudi Fridlin, Origin: Zug, Switzerland, Address: Hünenberg/ZG, Switzerland, joint signature of two

Executive Director                       Iwan C. Fridlin, Origin: Zug, Switzerland, Address: Hünenberg/ZG, Switzerland, joint signature of two, Appointment: 09.05.1997

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Peter J.C. Fridlin

Chief Production Officer                Iwan C. Fridlin

 

 

Owner/-s

 

Owner:                            The company is in family ownership.

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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.

 

Financial Situation:        The financial situation is difficult to assess.

 

Payment experiences:   There are no objections regarding the payment of financial obligations.

 

Maximum Credit:           CHF 120'000

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.05

UK Pound

1

Rs.75.20

Euro

1

Rs.66.48

 

 

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.