MIRA INFORM REPORT
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Report Date : |
24.01.2011 |
IDENTIFICATION DETAILS
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Name : |
KARL MAYER
TEXTILMASCHINEN AG |
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Registered Office : |
Fabrikstrasse , 9240
Uzwil |
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Country : |
Switzerland |
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Date of Incorporation : |
25.04.1984 |
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Com. Reg. No.: |
170.3.010.330-0 / 114159 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacturer of Textile Machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 750'000 |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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Switzerland |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY
NAME
Karl Mayer Textilmaschinen AG
Operating
address
Fabrikstrasse
9240 Uzwil
Switzerland/CH
Telephone: 071
9558400
Fax: 071
9558487
Web site: http://www.karlmayer.ch
E-mail: info@karlmayer.ch
Profile
Established: 1984
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of
machinery for textile, apparel and leather production
Import/Export: Import,
Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: approximately
Employees: 80-149
Sales: CHF
40-60 Mio
Activity
The activities includes the manufacture of textile
machinery for the production and processing of lace, curtains, specialty
textiles and technical textiles.
Real
Estate
Information on property ownership was not
available.
Company
Register
Company No: 170.3.010.330-0
/ 114159
Legal form: Company
limited by shares
Registration: 25.04.1984
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen (since 12.11.2003)
Auditor: Dr.
Rüsch & Dr. Rietmann AG, St. Gallen
History: Date
of Statutes: 01.12.2008
Date
of Statutes: 01.10.2003
Date
of Incorporation Statutes: 06.03.1984
Entry Deleted Name
12.12.2008 Karl
Mayer Textilmaschinen AG
12.12.2008 Massura AG
Entry Deleted Legal domicile
12.12.2008 Uzwil,
Switzerland
12.11.2003 Zug, Switzerland
12.11.2003 12.12.2008 St. Gallen, Switzerland
Entry Deleted Address
12.12.2008 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500'000, paidup CHF 500'000
Entry Deleted Capital Structure
12.12.2008 500
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
12.12.2008 Herstellung
und Vertrieb von sowie Handel mit Textilmaschinen. Die Gesellschaft kann
Zweigniederlassungen und Betriebsstätten im In- und Ausland errichten, sich an
anderen Unternehmen im In- und Ausland beteiligen, im In- und Ausland
Grundeigentum erwerben, belasten, veräussern und verwalten, Finanzierungen für
eigene oder fremde Rechnung vornehmen sowie Garantien und Bürgschaften für
Tochtergesellschaften und Dritte eingehen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
12.12.2008 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten
beschränkt.
12.12.2008 Reports:
Die Mitteilungen an die Aktionäre erfolgen per Brief oder Telefax.
Official
Administration
Title Name
President Fritz
P. Mayer, Origin: Germany, Address: Frankfurt am Main, Germany, single
signature
Executive Director Prof.
Dr. Andreas Menzl, Origin: Rapperswil-Jona, Switzerland, Address: 9402
Mörschwil/SG, Switzerland, joint signature of two
Management
Title Name
General Manager Marcus
Kube, Origin: Germany, Address: 9552 Bronschhofen/SG, Switzerland, joint
signature of two, Appointment: 15.06.2010
Executive
board
Title Name
Chief Executive Officer Prof. Dr. Andreas Menzl
Financial
Data
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2008 31.12.2007
Number of months: 12 12
Currency: th.
CHF th. CHF
Result before minority interests 28'510.0 76.0
Capital 500.0 500.0
Total shareholders equity 29'536.0 1'025.0
Employees at year end 120 100
Employees inland 120 100
Employees abroad 0 0
Ultimate
Parent Company
Name: KARL
MAYER Holding GmbH & Co. KG
City/Country: Obertshausen,
Germany/DE
Owner/-s
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: KARL
MAYER Holding GmbH & Co. KG
City/Country: Obertshausen,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest
Sisters
Name: Karl
Mayer (H.K.) Limited
City/Country: Tsim
Sha Tsui, Hong Kong/HK
Investments
It is believed that the company has no investments.
Legal
Actions
Control date Year No. Amount CHF Status
30.09.2009 2009 0
30.09.2009 2008 0
30.09.2009 2007 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 Situation: The financial situation is considered to be good.
Payment experiences: Payment habits are considered good.
Maximum Credit: CHF
750'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.70 |
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UK Pound |
1 |
Rs.72.78 |
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Euro |
1 |
Rs.61.65 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with
the strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit not recommended |
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.