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Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
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Name : |
GEBRÜDER LOEPFE AG |
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Registered Office : |
Kastellstrasse 10 8623 Wetzikon/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
22.12.1994 |
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Reg. No.: |
020.3.005.644-3 / 346373 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of instruments and appliances for measuring, testing and
navigation |
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No. of Employees : |
145 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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Without Financials |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
C1 |
C1 |
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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 |
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.
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Source : CIA |
GEBRÜDER LOEPFE AG
Operating address:
Kastellstrasse 10
8623 Wetzikon/ZH
Switzerland/CH
Telephone: 043 4881111
Fax: 043 4881100
Web site: http://www.loepfe.com
E-mail: info@loepfe.com
WIN No.: CH0000130254
VAT-No.: CHE108793764
Established: 1955
History: 1955: Established from Helmut + Erich Loepfe
Line of Business: Measurement
and control technology
Industry Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Export sales: 95.0%
Quality certification: ISO
9001
Banks: UBS
Ltd
CS
Credit Suisse
Coverage: Company
Employees: 145
Sales: CHF
50'000'000.--
The company produces and sells electronic control systems, used in
spinning mills, weaving mills and other textile industries. All products are
one hundred percent produced in our Wetzikon/Switzerland facilities with the
most modern production technologies.
Spinning
Solutions:
YarnMaster ZENIT
YarnMaster 3N1
MillMaster EASY
MillMaster PRO
Weaving Solutions:
Short Weft Detector
Knot Detector
Thermocut
Information on property ownership was not available.
Company No: 020.3.005.644-3
/ 346373
Legal form: Company
limited by shares
Registration: 22.12.1994
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Statutes: 11.12.1994
Date
of Statutes: 21.12.2011
Entry Deleted Name
active Gebrüder
Loepfe AG
active Loepfe
Brothers Ltd (Name translated)
active Loepfe
Frères SA (Name translated)
01.01.1994 Mammoth Capital AG
Entry Deleted Legal domicile
22.12.1994 Wetzikon
(ZH), Switzerland
22.12.1994 Zug, Switzerland
Entry Deleted Address
22.12.1994 Kastellstrasse
10, 8623 Wetzikon/ZH, Switzerland/CH
Entry Deleted Capital
active Share Capital
CHF 5'500'000, paidup CHF 5'500'000
Entry Deleted Capital Structure
active 55'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
15.02.2012 Zweck der
Gesellschaft ist die Entwicklung, Herstellung und der Vertrieb von
elektronischen, elektrischen, elektromechanischen und mechanischen Steuerungen,
Apparaten und Maschinen sowie der Handel mit derartigen und verwandten
Erzeugnissen. Die Gesellschaft kann Forschungsarbeiten betreiben, Patente,
Verfahren bzw. andere Rechte jeder Art erwerben, veräussern oder sonst
verwerten, sich bei Unternehmungen des In- und Auslandes beteiligen,
Unternehmungen gründen oder erwerben und alle Geschäfte tätigen, welche der
Verwaltungsrat als dem Zweck der Gesellschaft förderlich oder als für die
Anlage verfügbare Mittel nützlich erachtet. Die Gesellschaft kann
Finanzierungsgeschäfte tätigen und kann auch für Verpflichtungen ihrer
Aktionäre und von verbundenen Gesellschaften Sicherheiten insbesondere in Form
von Garantien, Pfändern, Globalzessionen, Sicherungsübereignungen oder
Sicherungsabtretungen stellen.
15.02.2012 Entwicklung, Herstellung und
Vertrieb von elektronischen, elektrischen, elektromechanischen und mechanischen
Steuerungen, Apparaten und Maschinen sowie Handel mit derartigen und verwandten
Erzeugnissen; kann Forschungsarbeiten betreiben, Patente, Verfahren bzw. andere
Rechte jeder Art erwerben, veräussern oder sonst verwerten und sich bei
Unternehmungen des In- und Auslandes beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
Title Name
President Lorenzo Cucchetto, Origin: Italy,
Residential address: Negrar, Italy, joint signature of two, Registered since:
03.02.2009
Chief Executive Maurizio Wermelinger, Origin: Schenkon,
Switzerland, Residential address: 8400 Winterthur/ZH, Switzerland, joint
signature of two
Director Maurizio Secchi, Origin: Italy,
Residential address: Bergamo , Italy, joint signature of two, Registered since:
06.12.2012
Title Name
Member with
procuration Erich Heusser,
Origin: Bubikon, Switzerland, Residential address: Dürnten, Switzerland, joint
power of attorney of two
Member with
procuration Gianni Heusser,
Origin: Bubikon, Switzerland, Residential address: Hinwil, Switzerland, joint
power of attorney of two
Member with
procuration Rolf Kunz, Origin:
Wald ZH, Switzerland, Residential address: 8820 Wädenswil/ZH, Switzerland,
joint power of attorney of two, Registered since: 01.06.2010
Member with
procuration Agatha Kuster,
Origin: Eschenbach SG, Switzerland, Residential address: 8617 Mönchaltorf/ZH,
Switzerland, joint power of attorney of two, Registered since: 01.06.2010
Member with
procuration Verena Müller,
Origin: Wagenhausen, Switzerland, Residential address: 8634 Hombrechtikon/ZH,
Switzerland, joint power of attorney of two
Member with
procuration Luc Vanoverschelde,
Origin: Belgium, Residential address: Wevelgem, Belgium, joint power of
attorney of two, Registered since: 09.06.2009
Member with
procuration Andreas Wäfler,
Origin: Frutigen, Switzerland, Residential address: Seegräben, Switzerland,
joint power of attorney of two
Title Name
Auditor Deloitte AG,
Residential address: Lugano, Switzerland, Registered since: 13.01.2012
Name: Barco NV
City/Country: Kortrijk,
Belgium/BE
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Barco
Graphics NV
City/Country: Gent,
Belgium/BE
Interest: 100.00%
voting right, 100.00% capital interest (since 1994)
It is believed that the company has no investments.
Control date Year No. Amount
CHF Status
29.03.2011 2011 0
29.03.2011 2010 0
29.03.2011 2009 0
29.03.2011 2008 0
29.03.2011 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.
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 considered to be good.
Payment experiences: Financial
obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
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 |
-- |
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.