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Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
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Name : |
STAUBLI SARGANS AG |
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Registered Office : |
Grossfeldstrasse 71 7320 Sargans/SG |
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Country : |
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Date of Incorporation : |
16.12.2002 |
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Com. Reg. No.: |
320.3.052.641-2 / 693886 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
100 |
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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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A1 |
A1 |
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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.
Source
: CIA
STAUBLI SARGANS AG
Operating
address:
Grossfeldstrasse
71
7320 Sargans/SG
Switzerland/CH
Telephone: 081
7250101
Fax: 081
7250116
Web
site: http://www.staubli-schweiz.ch
E-mail: info@staubli.com
VAT-No.: CHE109867388
Established: 2002
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
Coverage: Company
Employees: 100
Sales: CHF 20-40 Mio
The business activities includes the
manufacture and sale of textile machinery, connectors and robotics. The Stäubli
Group has 12 industrial production companies and has representations in 50
countries worldwide.
Information on property ownership was not
available.
Company
No: 320.3.052.641-2 / 693886
Legal
form: Company limited by
shares
Registration: 16.12.2002
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Statutes:
23.06.2003
Date of
Incorporation Statutes: 12.12.2002
Entry Deleted Name
16.12.2002 Stäubli
Sargans AG
16.12.2002 Stäubli
Sargans Ltd. (Name translated)
16.12.2002 Stäubli
Sargans SA (Name translated)
Entry Deleted Legal domicile
16.12.2002 Sargans,
Switzerland
Entry Deleted Address
16.12.2002 Grossfeldstrasse
71, 7320 Sargans/SG, Switzerland/CH
Entry Deleted Capital
26.06.2003 Share
Capital CHF 10'000'000, paidup CHF 10'000'000
Entry Deleted Capital Structure
26.06.2003 10'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
16.12.2002 Bau
von Maschinen und Apparaten, insbesondere Fabrikation von und Handel mit Textilmaschinen
aller Art, je mit Einschluss des Reparatur- und Wartungsdienstes. Die
Gesellschaft kann im In- und Ausland Zweigniederlassungen errichten, sich bei
anderen Unternehmen des In- und Auslandes beteiligen sowie im In- und Ausland
Grundeigentum erwerben, belasten, veräussern und verwalten.
Entry Deleted Remarks (original Language)
26.06.2003 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
23.06.2003 den Geschäftsteil "Sargans" der Stäubli AG, in Horgen,
gemäss Vertrag vom 23.06.2003 und Bilanz per 01.01.2003 mit Aktiven von CHF
22'821'657.-- und Passiven von CHF 4'881'823.--, wofür 9'900 Namenaktien zu CHF
1'000.-- ausgegeben und CHF 8'039'834.-- als Forderung gutgeschrieben werden.
26.06.2003 Intended
asset takeover: Die Gesellschaft beabsichtigt nach der Gründung von der Stäubli
AG, in Horgen, das Webereivorbereitungsgeschäft zum Preise von höchstens CHF
18'000'000.-- zu übernehmen.
16.12.2002 Publishing
authority: SHAB.
16.12.2002 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief,
allenfalls durch Publikation im SHAB.
Title Name
President Anthony
Stäubli, Origin: Horgen, Switzerland, Residential address: Wollerau, Switzerland,
joint signature of two
Director Ulrich
Küng, Origin: Eriswil, Switzerland, Residential address: Rüeterswil,
Switzerland, joint signature of two
Director Rolf
Strebel, Origin: Obfelden, Switzerland, Residential address: Saint Jorioz,
France, without signature
Title Name
Director Urban
Germann, Origin: Jonschwil, Switzerland, Residential address: Maienfeld,
Switzerland, joint signature of two
Member
with procuration Jules
Landolt, Origin: Näfels, Switzerland, Residential address: Ennenda,
Switzerland, joint power of attorney of two
Member
with procuration Fritz Legler,
Origin: Luchsingen, Switzerland, Residential address: Wolfhausen, Switzerland,
joint power of attorney of two, Registered since: 28.01.2011
Member
with procuration Heinrich
Steiner, Origin: Wildhaus-Alt St. Johann, Switzerland, Residential address:
Wildhaus, Switzerland, joint power of attorney of two, Registered since:
09.03.2010
Member
with procuration Markus Wolf,
Origin: Liechtenstein, Residential address: Schaan, Liechtenstein, joint power
of attorney of two
Title Name
Auditor KPMG AG,
Residential address: Zürich, Switzerland
Name: Stäubli Holding AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Stäubli Holding AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 2002)
Name: Kaiser
Verwaltungs-GmbH
City/Country: Bayreuth/Bayern, Germany/DE
Name: Multi-Holding AG
City/Country: Allschwil/BL, Switzerland/CH
Name: Prevost (UK) Limited
City/Country: Telford/Shropshire , United
Kingdom/GB
Name: Stäubli AG
City/Country: Horgen/ZH, Switzerland/CH
Name: Stäubli AG Pfäffikon
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: Stäubli Comércio,
Importação, Exportação e Representações Ltda
City/Country: São Paulo, Brazil/BR
Name: Stäubli Corporation
City/Country: Duncan/South Carolina, United
States of America/US
Name: Stäubli Española SA
City/Country: Sabadell/Barcelona, Spain/ES
Name: Stäubli Faverges SCA
City/Country: Faverges, France/FR
Name: Stäubli (Hangzhou)
Mechatronic Co Ltd
City/Country: Hangzhou, China/CN
Name: Staubli (HK) Ltd
City/Country: Hong Kong, Hong Kong/HK
Name: Stäubli Immobilien AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: Stäubli International
AG
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
Name: Stäubli Italia SpA
City/Country: Carate Brianza/Milano, Italy/IT
Name: Staubli KK
City/Country: Tokyo, Japan/JP
Name: Stäubli Lodz Spzoo
City/Country: Lodz, Poland/PL
Name: Stäubli Lyon SA
City/Country: Chassieu/Lyon, France/FR
Name: Stäubli Mexico SA de
CV
City/Country: Puebla, Mexico/MX
Name: Stäubli Portugal
Representações Lda
City/Country: Milheiros-Maia, Portugal/PT
Name: Stäubli Sanayi Makina
Ve Aksesuarli Ticaret Ltd Sti
City/Country: Istanbul, Turkey/TR
Name: Texlog SA
City/Country: Pfäffikon SZ/SZ, Switzerland/CH
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
17.06.2009 2009 0
17.06.2009 2008 0
17.06.2009 2007 0
17.06.2009 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.
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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.85 |
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1 |
Rs.88.39 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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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.