MIRA INFORM REPORT
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Report Date : |
04.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
FILTEX A.-G. |
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Registered Office : |
Teufenerstrasse 1, 9001 St. Gallen |
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Country : |
Switzerland |
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Date of Incorporation : |
09.02.1945 |
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Com. Reg. No.: |
320.3.000.257-5 / 58445 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
produces embroidery, fine cotton fabrics,
Nouveautés, curtains, decor fabrics, yarns and threads |
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 : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Filtex A.-G.
Operating address
Teufenerstrasse 1 Hubatka Textil:
9001 St. Gallen Alte
Landstrasse 4a
Switzerland/CH 9450
Altstätten
Switzerland/CH
Telephone: 071
2211313 071
7579797
Fax: 071
2211314
Web
site: http://www.filtex.ch
E-mail: filtex@filtex.ch
VAT-No.: CHE105965081
Profile
Established: 1945
Line
of Business: Textiles/flooring
Industry
Division: Manufacturing
Industry-code (NACE): 1392 Manufacture of made-up textile articles,
except apparel
1320 Weaving of textiles
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Employees: 180
Sales: CHF 20-40 Mio
Branches: 3
Activity
The company produces embroidery, fine cotton fabrics, Nouveautés, curtains,
decor fabrics, yarns and threads. The products are exported worldwide.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 320.3.000.257-5 / 58445
Legal
form: Company limited
by shares
Registration: 09.02.1945
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
Auditor: PROVIDA
Wirtschaftsprüfung AG, St. Gallen
History: Date of Statutes:
20.09.1989
Date of
Incorporation Statutes: 23.01.1945
Entry Deleted Name
active Filtex
A.-G.
active Filtex
Ltd (Name translated)
active Filtex
SA (Name translated)
Entry Deleted Legal domicile
active St.
Gallen, Switzerland
Entry Deleted Address
active Teufenerstrasse
1, 9000 St. Gallen/SG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 7'000'000, paidup CHF 7'000'000
Entry Deleted Capital Structure
active 7'000
Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
active Fabrikation
von, insbesondere durch mechanische Weberei, und Handel mit Rohstoffen, Halb-
und Fertigfabrikaten der Textilindustrie sowie Beteiligung an ähnlichen und
gleichen Unternehmungen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Financial
data: Entnahme aus freien Reserven CHF 100'000.--.
Entry Deleted Branches
active Alte
Landstrasse 2, 9450 Altstätten/SG, Switzerland/CH
26.06.2000 Bahnhofstrasse
4, 9100 Herisau/AR, Switzerland/CH
29.04.1997 Fürstenlandstrasse
99, 9014 St. Gallen/SG, Switzerland/CH
Official Administration
Title Name
President Dr. Ralph
Anderegg, Origin: Wattwil, Männedorf, Switzerland, Address: Feusisberg,
Switzerland, single signature
Chief
Executive Peter
Anderegg, Origin: Wattwil, Männedorf, Switzerland, Address: Egnach,
Switzerland, single signature
Executive
Director Silvan
Wildhaber, Origin: St. Gallen, Switzerland, Address: Zürich/ZH, Switzerland,
joint signature of two
Management
Title Name
Director Peter
Anderegg, Origin: Wattwil, Männedorf, Switzerland, Address: Egnach,
Switzerland, single signature
Member
with procuration Peter
Preisig, Origin: Hundwil, Switzerland, Address: Urnäsch, Switzerland, joint
power of attorney of two, Limited to the headquarters
Member
with procuration Peter
Holenstein, Origin: Alt St. Johann, Switzerland, Address: Bichwil, Switzerland,
joint power of attorney of two, Limited to the headquarters
Member
with procuration Peter
Lieberherr, Origin: Nesslau-Krummenau, Switzerland, Address: Pfungen,
Switzerland, joint power of attorney of two, Limited to the headquarters
Member
with procuration Giuseppe
Petrizzo, Origin: Galgenen, Switzerland, Address: Uznach, Switzerland, joint
power of attorney of two, Limited to the headquarters
Member
with procuration Dr. Arno
Fitz, Origin: Austria, Address: Au/SG, Switzerland, joint power of attorney of
two, Limited to the headquarters
Executive board
Title Name
Chief
Executive Officer Peter
Anderegg
Ultimate Parent Company
Name: Emil Anderegg AG
City/Country: Horn, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Holtex A.G.
City/Country: Horn, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
Class: 10-19%
Name: Innovationsgesellschaft
Stickerei AG
City/Country: St. Gallen, Switzerland/CH
Interest: 16.66% voting right,
16.66% capital interest
Legal Actions
Control date Year No. Amount CHF Status
21.09.2009 2009 0
21.09.2009 2008 0
21.09.2009 2007 0
21.09.2009 2006 0
26.10.2006 2005 0
26.10.2006 2004 0
26.10.2006 2003 0
26.10.2006 2002 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
paid promptly.
Maximum
Credit: CHF 300'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.42 |
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UK Pound |
1 |
Rs.76.72 |
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Euro |
1 |
Rs.65.85 |
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.