MIRA INFORM REPORT

 

 

Report Date :           

12.10.2011

 

IDENTIFICATION DETAILS

 

Name :

KARL MAYER TEXTILMASCHINEN AG

 

 

Registered Office :

Fabrikstrasse, 9240 Uzwil

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.04.1984

 

 

Com. Reg. No.:

170.3.010.330-0 / 114159

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

manufacture of textile machinery for the production and processing of lace, curtains, specialty textiles and technical textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

CHF 700'000

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

 Bottom of Form

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

VAT-No.:                      CHE102774194

 

 

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

                    12.12.2008  Rorschacherstrasse 150, 9006 St. Gallen/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:                                     31.12.2009        31.12.2008        31.12.2007

Number of months:                                       12                    12                    12

Currency:                                                 th. CHF             th. CHF            th. CHF

 

Result before minority interests                    -14'797.0            28'510.0                 76.0

Capital                                                            500.0                500.0                500.0

Total shareholders equity                              14'739.0            29'536.0             1'025.0

 

Employees  at year end                                      110                   120                  100

Employees inland                                               110                   120                  100

Employees abroad                                                 0                      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:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 700'000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.03

UK Pound

1

Rs.76.60

Euro

1

Rs.66.80

 

 

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.