MIRA
INFORM REPORT
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Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SANTEX AG |
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Registered Office : |
Fliegeneggstrasse 9 9555 Tobel |
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Country : |
Switzerland |
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Date of Incorporation : |
12.06.1992 |
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Com. Reg. No.: |
440.3.005.816-4 / 302542 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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 300'000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 and address
Santex AG
Operating
address:
Fliegeneggstrasse
9
9555 Tobel
Switzerland/CH
Telephone: 071
9186666
Fax: 071
9186600
Web
site: http://www.santex-group.com
E-mail: santex@santex-group.com
VAT-No.: CHE107408348
Profile
Established: 1982
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Banks: UBS Ltd
Operational Figures
Coverage: Company
Employees: 90
Sales: CHF 60'000'000.--
Activity
The business activities includes the
manufacture of machinery for the manufacture and finishing of textiles. The
production area covers 4,000 m2.
Real Estate
Real
Estate: The company owns
buildings.
Company Register
Company
No: 440.3.005.816-4 / 302542
Legal
form: Company limited
by shares
Registration: 12.06.1992
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Thurgau
Auditor: BDO AG
(CH-320.9.021.802-9), St. Gallen
History: Date of Statutes:
24.05.1996
Date of
Incorporation Statutes: 05.06.1992
Date of
Statutes: 27.06.2003
Date of
Statutes: 28.04.2000
Entry Deleted Name
active Santex
AG
Entry Deleted Legal domicile
active Tobel-Tägerschen,
Switzerland
Entry Deleted Address
active Fliegeneggstrasse
9, 9555 Tobel/TG, Switzerland/CH
Entry Deleted Capital
16.07.2003 Share
Capital CHF 3'165'600, paidup CHF 3'165'600
Entry Deleted Capital Structure
16.07.2003 31'656
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
active Fabrikation
von Maschinen und Sonderanlagen aller Art sowie der Betrieb aller damit im
Zusammenhang stehenden Handelsgeschäfte. Sie bezweckt den Erwerb, die
Auswertung und Vermittlung von Erfindungen, Patenten und Lizenzen. Die
Gesellschaft kann Liegenschaften und Grundstücke erwerben, verwalten und
veräussern sowie Finanzierungen aller Art vornehmen, insbesondere die Gewährung
von Darlehen an Dritte oder Aktionäre oder deren Sicherstellung. Die
Gesellschaft kann sich an Unternehmen beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
active Reports:
Die Mitteilungen an die Aktionäre erfolgen durch eingeschrieben Brief.
Official Administration
Title Name
President Stefano
Gallucci, Origin: Italy, Address: Padova, Italy, joint signature of two,
Registered since: 25.10.2011
Executive
Director Antonio Staffoni,
Origin: Italy, Address: Winterthur/ZH, Switzerland, joint signature of two,
Registered since: 19.08.2008
Executive
Director Ferdinando
Businaro, Origin: Italy, Address: Monselice, Italy, joint signature of two,
Registered since: 25.10.2011
Management
Title Name
Member
with signing authority Paul Süss,
Origin: Remigen, Switzerland, Address: Bettwiesen, Switzerland, joint signature
of two
Member
with signing authority Alois
Schönenberger, Origin: Kirchberg SG, Switzerland, Address: Bettwiesen, Switzerland,
joint signature of two
Member
with signing authority Edgar
Konzett, Origin: Lütisburg, Switzerland, Address: Tobel, Switzerland, joint
signature of two
Member
with procuration Hermann
Weltin, Origin: Germany, Address: Allensbach, Germany, joint power of attorney
of two
Member
with procuration Madlen
Beerli, Origin: Bichelsee-Balterswil, Switzerland, Address: Eschlikon,
Switzerland, joint power of attorney of two
Member
with procuration Carmelo
Nastasi, Origin: Italy, Address: Kreuzlingen, Switzerland, joint power of
attorney of two
Member
with procuration Jakob Frei,
Origin: Buttwil, Switzerland, Address: Weingarten-Kalthäusern, Switzerland,
joint power of attorney of two
Executive board
Title Name
Chief
Executive Officer Antonio
Staffoni (a.staffoni@santex-group.com)
Chief
Financial Officer Alois
Schönenberger (a.schoenenberger@santex-group.com)
Ultimate Parent Company
Name: Santex Holding AG
City/Country: Tobel, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Santex Holding AG
City/Country: Tobel, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Sisters
Name: American Santex Inc
City/Country: Spartanburg, United States of
America/US
Name: Cavitec AG in Liquidation
City/Country: Münchwilen TG, Switzerland/CH
Name: Sperotto Rimar SpA
City/Country: Malo, Italy/IT
Name: Thermtech GmbH
City/Country: Theuma, Germany/DE
Investments
It is believed that the company has no
investments.
Legal Actions
Control date Year No. Amount CHF Status
18.09.2009 2009 0
18.09.2009 2008 0
18.09.2009 2007 0
18.09.2009 2006 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 considered to be good.
Payment
experiences: Financial obligations are
met as appropriate.
Maximum
Credit: CHF 300'000.--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.82 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
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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 |
|
<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.