MIRA INFORM REPORT

 

 

Report Date :

16.11.2012

 

IDENTIFICATION DETAILS

 

Name :

RUDOLF SCHILD LEDERWAREN AG BASEL

 

 

Registered Office :

Oberalpstrasse 78 4054 Basel/BS Switzerland/CH

 

 

 

 

Country :

Switzerland

 

 

 

 

Date of Incorporation :

09.08.1955

 

 

 

 

Com. Reg. No.:

270.3.004.679-2 / 162422

 

 

 

 

Legal Form :

Company limited by shares

 

 

 

 

Line of Business :

The business activities includes the manufacture and sale of leather goods

 

 

 

 

No. of Employees :

2

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

COMPANY NAME AND ADDRESS

 

RUDOLF SCHILD LEDERWAREN AG BASEL

 

Operating address:

Oberalpstrasse 78

4054 Basel/BS

Switzerland/CH

 

Telephone:        061 3079900

Fax:                  061 3025252

 

WIN No.:           CH0001376157

VAT-No.:           CHE107075927

 

 

Profile

 

Established:                  1955

Line of Business:           Textiles/flooring, Consumer goods wholesale

Industry Division:            Manufacturing, Wholesale trade

Industry-code (NACE):    1512     Manufacture of luggage, handbags and the like, saddlery and harness

                                    4649     Wholesale of other household goods

Banks:                          unknown

 

 

Operational Figures

 

Coverage:          Company

Employees:       2

 

 

Activity

 

The business activities includes the manufacture and sale of leather goods.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

 

Company Register

 

Company No:                270.3.004.679-2 / 162422

Legal form:                    Company limited by shares

Registration:                  09.08.1955

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Basel-Stadt (since 31.12.1985)

History:                         Date of Incorporation Statutes: 01.08.1955

                                    Date of Statutes: 11.10.2010

                                    Date of Statutes: 28.11.1985

 

Entry                Deleted             Name

active                                        Rudolf Schild Lederwaren AG Basel

 

Entry                Deleted             Legal domicile

31.12.1985                                Basel, Switzerland

                        31.12.1985                    Herisau, Switzerland

 

Entry                Deleted             Address

31.12.1985                                Oberalpstrasse 78, 4054 Basel/BS, Switzerland/CH

 

Entry                Deleted             Capital

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

 

Entry                Deleted             Capital Structure

active                                        50 Bearer shares of CHF 1'000.--

 

Entry                Deleted             Activity (original Language)

active                                        Herstellung von und Handel mit Lederwaren aller Art.

 

Entry                Deleted             Remarks (original Language)

active                                        Publishing authority: SHAB.

13.10.2010                                Reports: Mitteilungen der Gesellschaft an die Aktionäre und allfällige Partizipanten erfolgen durch eingeschriebenen Brief, sofern deren Adressen bekannt sind, ansonsten im Publikationsorgan.

13.10.2010                                Audit: Gemäss Erklärung des Verwaltungsrates vom 11.10.2010 untersteht die Gesellschaft keiner ordentlichen Revision und verzichtet auf eine eingeschränkte Revision.

13.11.1996                                Board of directors: Streichung der statutarisch festgesetzten Anzahl der Verwaltungsratsmitglieder, da nicht zur Eintragung gehörend.

 

 

Official Administration

 

Title                 Name

Director             Rudolf Schild, Origin: Basel, Switzerland, Residential address: Basel, Switzerland, single signature

 

 

Management

 

Title                                         Name

Member with signing authority     Beat Schild, Origin: Basel, Switzerland, Residential address: 4102 Binningen, Switzerland, single signature, Registered since: 11.11.1998

 

 

Owner/-s

 

Owner:  The company is in family ownership.

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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 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.54.96

UK Pound

1

Rs.87.10

Euro

1

Rs.70.03

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.