MIRA INFORM REPORT

 

 

Report Date :

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

THIES AG

 

 

Registered Office :

Bahnhofstrasse 51 7302 Landquart

 

 

Country :

Switzerland

 

 

Date of Incorporation :

17.07.1969

 

 

Com. Reg. No.:

350.3.004.704-8 / 193138

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Sells New and Used Dyeing and Bleaching Machinery

 

 

No. of Employees :

20

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Thies AG

 

Operating address:

Bahnhofstrasse 51

7302 Landquart

Switzerland/CH

 

Telephone:                    081 3004131

Fax:                             081 3004132

 

Web site:                      http://www.thiestextilmaschinen.ch

E-mail:                         info@thiestextilmaschinen.ch

 

VAT-No.:                      CHE101931491

 

 

Profile

 

Established:                  1969

Line of Business:           Consumer goods wholesale, Machinery

Industry Division:           Wholesale trade, Manufacturing

Industry-code (NACE):   4669       Wholesale of other machinery and equipment

                                    3312       Repair of machinery

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  20

Sales:                          CHF 4-6 Mio

 

 

Activity

 

The Company sells new and used dyeing and bleaching machinery of Thies Group.

 

 

Real Estate

 

Information on property ownership was not available.

Company Register

 

Company No:                350.3.004.704-8 / 193138

Legal form:                    Company limited by shares

Registration:                 17.07.1969

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Graubünden

Auditor:                        BMU Treuhand AG (CH-350.3.010.765-1), Chur

History:                        Date of Incorporation Statutes: 16.07.1969

                                    Date of Statutes: 11.02.2010

                                    Date of Statutes: 06.05.1988

 

Entry          Deleted      Name

active                           Thies AG

 

Entry          Deleted      Legal domicile

12.02.2010                    Landquart, Switzerland

                  12.02.2010  Maienfeld, Switzerland

 

Entry          Deleted      Address

12.02.2010                    Bahnhofstrasse 51, 7302 Landquart/GR, Switzerland/CH

                  21.08.2000  Landquartstrasse 40, 7304 Maienfeld/GR, Switzerland/CH

21.08.2000  12.02.2010  Industriestrasse 13, 7304 Maienfeld/GR, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 2'000'000, paidup CHF 2'000'000

 

Entry          Deleted      Capital Structure

active                           4'000 Registered shares of CHF 500.--

 

Entry          Deleted      Activity (original Language)

12.02.2010                    Fabrikation von und Handel mit Maschinen und Apparaten; vollständige Zweckumschreibung gemäss Statuten.

                  12.02.2010  Fabrikation von und Handel mit Maschinen und Apparaten; die Gesellschaft kann ferner Finanzierungen, insbesondere Finanzierungen von Exportaufträgen, vornehmen, Grundstücke erwerben, verwalten und veräussern, sich an Unternehmen aller Art beteiligen, Patente, Lizenzen und Know-how erwerben, verwalten und veräussern.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

 

 

Official Administration

 

Title                                           Name

President                                    Hans-Jürgen Dupont, Origin: Müllheim, Switzerland, Address: 7402 Bonaduz, Switzerland, single signature, Registered since: 27.07.1998

Vice-President                             Klaus Thies, Origin: Germany, Address: Coesfeld, Germany, single signature, Registered since: 25.05.2009

 

Management

 

Title                                           Name

General Manager                         Michael Schweifer, Origin: Germany, Address: 7304 Maienfeld, Switzerland, joint signature of two, Registered since: 22.04.2004

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Michael Schweifer

 

 

Ultimate Parent Company

 

Name:                          Thies Verwaltungs-GmbH

City/Country:                 Coesfeld, Germany/DE

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Thies GmbH & Co. KG

City/Country:                 Coesfeld, Germany/DE

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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 difficult to assess.

 

Payment experiences:   There are no objections regarding the payment of financial obligations.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

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%)

 

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