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Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
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Name : |
J. CARL FRIDLIN GEWÜRZE AG |
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Registered Office : |
Bösch 61, 6331 Hünenberg/ZG |
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Country : |
Switzerland |
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Year of Establishment : |
1775 |
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Com. Reg. No.: |
170.3.005.851-7 / 63165 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Development and research, processing, filling and packaging as well as
trade and distribution of spices. |
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No. of Employees : |
75 employees |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Switzerland - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with
low unemployment, a highly skilled labor force, and a per capita GDP among the
highest in the world. Switzerland's economy benefits from a highly developed
service sector, led by financial services, and a manufacturing industry that
specializes in high-technology, knowledge-based production. Its economic and
political stability, transparent legal system, exceptional infrastructure,
efficient capital markets, and low corporate tax rates also make Switzerland
one of the world's most competitive economies. The Swiss have brought their
economic practices largely into conformity with the EU's, to enhance their
international competitiveness, but some trade protectionism remains,
particularly for its small agricultural sector. The fate of the Swiss economy
is tightly linked to that of its neighbors in the euro zone, which purchases
half of all Swiss exports. The global financial crisis of 2008 and resulting
economic downturn in 2009 stalled export demand and put Switzerland in a
recession. The Swiss National Bank (SNB) during this period effectively
implemented a zero-interest rate policy to boost the economy as well as prevent
appreciation of the franc, and Switzerland's economy recovered in 2010 with
2.7% growth. The sovereign debt crises currently unfolding in neighboring
euro-zone countries pose a significant risk to Switzerland's financial
stability and are driving up demand for the Swiss franc by investors seeking a
safehaven currency. The independent SNB has upheld its zero-interest rate
policy and conducted major market interventions to prevent further appreciation
of the Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell to 2.1% in 2011.
Switzerland has also come under increasing pressure from individual neighboring
countries, the EU, the US, and international institutions to reform its banking
secrecy laws. Consequently, the government agreed to conform to OECD
regulations on administrative assistance in tax matters, including tax evasion.
The government has renegotiated its double taxation agreements with numerous
countries, including the US, to incorporate the OECD standard, and in 2011 it
reached deals with Germany and the UK to resolve outstanding issues,
particularly the possibility of imposing taxes on bank deposits held by
foreigners. These steps will have a lasting impact on Switzerland's long
history of bank secrecy.
|
Source : CIA |
J. Carl Fridlin Gewürze AG
Bösch 61
6331 Hünenberg/ZG
Switzerland/CH
Telephone: 041
7841122
Fax: 041
7841133
Web
site: http://www.fridlin.ch
E-mail: info@fridlin.ch
VAT-No.: CHE101026586
Established: 1775
History: 1982: Limited company
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1084 Manufacture of condiments and seasonings
1089 Manufacture of other food products n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2000
Banks: ZGKB Zuger
Kantonalbank
Coverage: Company
Employees: 75
The business activities includes the development and research,
processing, filling and packaging as well as trade and distribution of spices.
Information on property ownership was not available.
Company
No: 170.3.005.851-7 / 63165
Legal
form: Company limited by
shares
Registration: 11.02.1982
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Incorporation
Statutes: 05.02.1982
Date of
Statutes: 07.05.1997
Entry Deleted Name
active J.
Carl Fridlin Gewürze AG
active J.
Carl Fridlin Gewürze Ltd (Name translated)
active J.
Carl Fridlin Gewürze Inc. (Name translated)
active J.
Carl Fridlin Gewürze SA (Name translated)
Entry Deleted Legal domicile
09.05.1997 Hünenberg,
Switzerland
09.05.1997 Zug, Switzerland
Entry Deleted Address
09.05.1997 Bösch
61, 6331 Hünenberg/ZG, Switzerland/CH
09.05.1997 Löbernstrasse 7, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 300'000, paidup CHF 300'000
Entry Deleted Capital Structure
09.05.1997 300
Registered shares with restricted transferability of CHF 1'000.--
Entry Deleted Activity (original Language)
active Handel
mit und Verarbeitung von Gewürzen sowie ähnlichen Produkten und insbesondere
den Betrieb einer Gewürzmühle
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
Title Name
President J. Carl
Fridlin, Origin: Zug, Switzerland, Residential address: Hünenberg/ZG, Switzerland,
joint signature of two
Chief
Executive Peter
J.C. Fridlin, Origin: Zug, Switzerland, Residential address: Zug/ZG,
Switzerland, joint signature of two
Director Iwan C.
Fridlin, Origin: Zug, Switzerland, Residential address: Hünenberg/ZG, Switzerland,
joint signature of two, Registered since: 09.05.1997
Director Trudi
Fridlin, Origin: Zug, Switzerland, Residential address: Hünenberg/ZG,
Switzerland, joint signature of two
Title Name
Auditor Duss
Treuhand GmbH, Residential address: Zug, Switzerland, Registered since:
10.10.2012
Title Name
Chief
Executive Officer Peter J.C.
Fridlin
Chief
Production Officer Iwan C.
Fridlin
No.
of Owner/-s: 1
Owner: The company is in
family ownership.
It is believed that the company has no investments.
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.
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.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.