MIRA INFORM REPORT
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Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SYRO ENGINEERING AG |
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Registered Office : |
Eschenstrasse 39, 9524 Zuzwil |
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Country : |
Switzerland |
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Date of Incorporation : |
22.01.2002 |
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Com. Reg. No.: |
170.3.025.345-5 / 663888 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
development and production
of flat, corrugated and structured steel moulds for the fibre cement industry |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
CHF 50'000 |
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Status : |
Moderate |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
Syro Engineering AG
Operating address
Eschenstrasse 39
9524 Zuzwil
Switzerland/CH
Telephone: 071
9457553
Fax: 071
9457554
Web
site: http://www.syroengineering.com
E-mail: info@syroengineering.com
VAT-No.: CHE-109.454.425
Profile
Established: 1878
Line
of Business: Metal/steel
Industry
Division: Manufacturing
Industry-code (NACE): 2599 Manufacture of other fabricated metal
products n.e.c.
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 10-19
Activity
The business activities includes the development and production of flat,
corrugated and structured steel moulds for the fibre cement industry. The flat
and corrugated steel moulds are manufactured in Switzerland, whereas the
structured steel moulds are produced in a northern Europe.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.025.345-5 /
663888
Legal
form: Company limited
by shares
Registration: 22.01.2002
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen (since 01.07.2005)
Auditor: consis
Wirtschaftsprüfung AG, Wil SG
History: Date of Incorporation
Statutes: 18.01.2002
Date of
Statutes: 30.06.2005
Entry Deleted Name
active Syro
Engineering AG
active Syro
Engineering Ltd (Name translated)
active Syro
Engineering SA (Name translated)
Entry Deleted Legal domicile
01.07.2005 Zuzwil
(SG), Switzerland
01.07.2005 Zug, Switzerland
Entry Deleted Address
29.01.2009 Eschenstrasse
39, 9524 Zuzwil/SG, Switzerland/CH
29.01.2009 Buchenstrasse 16, 9524 Zuzwil/SG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 250'000, paidup CHF 250'000
Entry Deleted Capital Structure
active 250
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
01.07.2005 Handel
mit und Fabrikation von Stahl- und Metallfabrikaten, Fiberglasprodukten und
Zubehör sowie internationale Industrievertretungen; Handel mit Waren aller Art.
Die Gesellschaft kann Immobilien im In- und Ausland erwerben, verwalten und
veräussern, Tätigkeiten im Zusammenhang mit Immobilien finanzieren,
Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten
sowie sich an anderen Unternehmen im In- und Ausland beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Intended
asset takeover: Erwerb des Geschäftsbereiches Stahlplattenhandel der "Syro
AG", in Zürich, zum Maximalpreis von CHF 230'000.00 zuzüglich eine
fünfjährige Gewinnbeteiligung, welche maximal CHF 1'000'000.00 betragen darf.
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
01.07.2005 Reports:
Alle Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch
eingeschriebenen Brief, sofern alle Adressen bekannt sind; ansonsten durch
Publikation im SHAB.
Official Administration
Title Name
President André
Kupferschmid, Origin: Sumiswald, Switzerland, Address: Alvaneu, Switzerland,
single signature
Executive
Director Patrick
Kupferschmid, Origin: Sumiswald, Switzerland, Address: Zuzwil/SG, Switzerland,
single signature
Executive
Director Georg
Kupferschmid, Origin: Sumiswald, Switzerland, Address: Münchwilen/TG,
Switzerland, single signature, Appointment: 24.10.2006
Executive board
Title Name
Chief
Executive Officer André
Kupferschmid
Chief
Operating Officer Georg
Kupferschmid
Chief
Business Segment Officer Patrick
Kupferschmid
Ultimate Parent Company
Name: KMG Holding AG
City/Country: Zuzwil, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: KMG Holding AG
City/Country: Zuzwil, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
04.09.2009 2009 0
04.09.2009 2008 0
04.09.2009 2007 0
04.09.2009 2006 0
04.09.2009 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.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
Maximum
Credit: CHF 50'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.30 |
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 |
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NB |
New Business |
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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.