MIRA INFORM REPORT

 

 

Report Date :

26.06.2012

 

IDENTIFICATION DETAILS

 

Name :

BAWI-TEX AG

 

 

Registered Office :

Bernerhöhe Nord 6410 Goldau

 

 

Country :

Switzerland

 

 

Date of Incorporation :

19.10.1983

 

 

Com. Reg. No.:

130.0.006.891-6 / 16086

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

28

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

 

Bawi-Tex AG

 

Operating address:

Bernerhöhe Nord

6410 Goldau

Switzerland/CH

 

Telephone:                    041 8591759

Fax:                             041 8591750

 

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

E-mail:                         mail@bawitex.ch

 

VAT-No.:                      CHE108153642

 

 

Profile

 

Established:                  1983

History:                        1983:      Established from Willy Bättig

Line of Business:           Consumer goods wholesale, Textiles/flooring, Furniture manufacturing

Industry Division:           Wholesale trade, Manufacturing

Industry-code (NACE):   4641       Wholesale of textiles

                                    1392       Manufacture of made-up textile articles, except apparel

                                    3103       Manufacture of mattresses

Import/Export:               Import

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        estimated

Employees:                  28

Sales:                          CHF 8-10 Mio

 

 

Activity

 

The business activities includes the manufacture and sale of mattresses, blankets, pillows, bed coverings and fitted sheets. Besides its own production, the company sells products from other suppliers.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                130.0.006.891-6 / 16086

Legal form:                    Company limited by shares

Registration:                 19.10.1983

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Schwyz (since 22.02.1994)

History:                        Date of Statutes: 07.03.1984

                                    Date of Incorporation Statutes: 05.10.1983

                                    Date of Statutes: 29.09.1998

                                    Date of Statutes: 25.01.1994

 

Entry          Deleted      Name

active                           Bawi-Tex AG

 

Entry          Deleted      Legal domicile

22.02.1994                    Arth, Switzerland

                  22.02.1994  Walchwil, Switzerland

 

Entry          Deleted      Address

active                           Bernerhöhe Nord, 6410 Goldau/SZ, Switzerland/CH

 

Entry          Deleted      Capital

16.10.1998                    Share Capital CHF 500'000, paidup CHF 500'000

 

Entry          Deleted      Capital Structure

16.10.1998                    500 Registered shares with restricted transferability of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

16.10.1998                    Handel mit Waren aller Art, insbesondere mit Textilien; kann sich an anderen Unternehmen im In- und Ausland beteiligen sowie Grundstücke erwerben, halten und veräussern.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Shares: Die Uebertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

 

 

Official Administration

 

Title                                           Name

President                                    Willy Bättig, Origin: Hausen am Albis, Switzerland, Residential address: 6318 Walchwil, Switzerland, single signature

Chief Executive                            Christian Bättig, Origin: Hausen am Albis, Switzerland, Residential address: 6318 Walchwil, Switzerland, single signature

 

 

External Positions

 

Title                                           Name

Auditor                                        Treuhand von Flüe AG, Residential address: Zug, Switzerland, Registered since: 08.04.2004

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Christian Bättig

 

 

Owner/-s

 

No. of Owner/-s:            2

Owner:                         The company is in family ownership.

 

Class:                          unknown

Name:                          Christian Bättig

City/Country:                 Walchwil, Switzerland/CH

 

Class:                          unknown

Name:                          Willy Bättig

City/Country:                 Walchwil, Switzerland/CH

Interest:                        0.00% capital interest (since 1983)

 

 

Investments

 

It is believed that the company has no investments.

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

11.01.2008          2008                           0

11.01.2008          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.

 

 

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 considered to be in order.

 

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

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.53

UK Pound

1

Rs.88.09

Euro

1

Rs.70.83

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.