MIRA INFORM REPORT

 

 

Report Date :

21.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AMSLER TEX AG

 

 

Registered Office :

Eichacherstrasse 5, 8904 Aesch

 

 

Country :

Switzerland

 

 

Date of Incorporation :

16.03.1983

 

 

Com. Reg. No.:

020.3.901.230-8 / 344599

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

manufacturer of fancy and elastic yarn production equipment

 

 

No. of Employees :

20 employees

 

 

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 :

Unknown

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

Company name

 

Amsler Tex AG

 

 

Operating address

 

Eichacherstrasse 5

8904 Aesch

Switzerland/CH

Telephone:                    044 7399100                              

Fax:                             044 7399104

Web site:                      http://www.amslertex.com

E-mail:                         sales@amslertex.com        

VAT-No.:                      CHE108062293

 

 

Profile

 

Established:                  1983

Line of Business:           Machinery

Industry Division:           Manufacturing

Industry-code (NACE):  2894        Manufacture of machinery for textile, apparel and leather production

Import/Export:               Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  20

Sales:                          CHF 6-8 Mio

 

 

Activity

 

The business activities includes the manufacture of fancy and elastic yarn production equipment.

 

 

Real Estate

 

Information on property ownership was not available.

Company Register

 

Company No:                020.3.901.230-8 / 344599

Legal form:                    Company limited by shares

Registration:                 16.03.1983

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

History:                        Date of Statutes: 11.07.1990

                                    Date of Statutes: 24.06.2002

                                    Date of Statutes: 05.02.1998

                                    Date of Statutes: 31.10.1994

 

Entry            Deleted   Name

16.07.2002                    Amsler Tex LTD (Name translated)

16.07.2002                    Amsler Tex SA (Name translated)

11.11.1994                    Amsler Tex AG

                    11.11.1994  Amsler - IRO AG

 

Entry            Deleted   Legal domicile

17.03.1998                    Aesch (ZH), Switzerland

                    17.03.1998  Zürich, Switzerland

 

Entry            Deleted   Address

17.03.1998                    Eichacherstrasse 5, 8904 Aesch bei Birmensdorf/ZH, Switzerland/CH

                    17.03.1998  Hermetschloostrasse 75, 8048 Zürich/ZH, Switzerland/CH

 

Entry            Deleted   Capital

16.07.2002                    Share Capital CHF 500'000, paidup CHF 500'000

                    16.07.2002  Share Capital CHF 50'000, paidup CHF 50'000

 

Entry            Deleted   Capital Structure

16.07.2002                    500 Registered shares of CHF 1'000.--

                    16.07.2002  500 Registered shares of CHF 100.--

 

Entry            Deleted   Activity (original Language)

16.07.2002                    Herstellung und Vertrieb von Textilmaschinen aller Art sowie Erbringung damit verbundener Dienstleistungen; kann im In- und Ausland Zweigniederlassungen und Tochtergesellschaften errichten, sich an anderen Unternehmungen des In- und Auslandes beteiligen, gleichartige oder verwandte Unternehmen erwerben oder errichten, im In- und Ausland Grundeigentum und Wertschriften erwerben, belasten, veräussern und verwalten sowie alle Geschäfte tätigen, die geeignet sind, die Entwicklung des Unternehmens und die Erreichung des Gesellschaftszweckes zu fördern.

                    16.07.2002  Herstellung und Vertrieb von Textilmaschinen aller Art und Erbringung damit verbundener Dienstleistungen; kann andere Unternehmungen gleicher Art übernehmen, vertreten und sich an solchen beteiligen sowie Liegen-schaften erwerben und veräussern.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

16.07.2002                    Reports: Die Mitteilungen an die Namenaktionäre erfolgen an ihre letzte im Aktienbuch eingetragene Adresse durch eingeschriebenen Brief oder gegen Empfangsbestätigung oder telegrafisch oder, sofern das Gesetz nicht zwingend etwas anderes bestimmt, durch Veröffentlichung im Publikationsorgan.

11.11.1994                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

 

 

Official Administration

 

Title                                           Name

President, Chief Executive            Dr. Raoul Bloch, Origin: Aarau, Switzerland, Residential address: 8702 Zollikon/ZH, Switzerland, single signature

Executive Director                       Dr. Sebastian Burckhardt, Origin: Basel, Switzerland, Residential address: 4125 Riehen/BS, Switzerland, joint signature of two

 

 

External Positions

 

Title                                           Name

Auditor                                       Valiba Treuhand AG, Residential address: Basel, Switzerland

 

 

Executive board

 

Title                                             Name

Chief Executive Officer                    Dr. Raoul Bloch

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is privately owned.

 

Class:                          100%

Name:                          Dr. Raoul Bloch

City/Country:                 Zollikon, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 06.12.2005)

 

 

Investments

 

It is believed that the company has no investments.

 

 


Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

05.07.2010          2010                           0

05.07.2010          2009                           0

05.07.2010          2008                           0

05.07.2010          2007                           0

05.07.2010          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.

 

 

Remarks

 

The company exports to the following counties: Egypt, Tunesia, South Africa, Marocco, Bangladesh, China, Hong Kong, Iran, Japan, Korea, Pakistan, Usbekistan, Kasachstan, Syria, Thailand, Vietnam, Australia, Canada, USA, Argentina, Brasil, Chile, Columbia, El Salvador, Mexico, Peru, Venezuela.

 

Debt collection case:

JUN 2010: CHF 5'460.00, paid.

 

 

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:   Payments are made with arranged conditions.

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.