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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
MTE METER TEST EQUIPMENT AG |
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|
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Registered Office : |
Dammstrasse
16, |
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Country : |
Switzerland |
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Year of Establishment : |
1896 |
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Com. Reg. No.: |
170.3.020.424-3 / 366089 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Measurement and control
technology |
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No. of Employees : |
20 employees |
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 |
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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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
MTE Meter Test Equipment AG
Dammstrasse 16
P.O. box 4544
6304 Zug/ZG
Switzerland/CH
Telephone: 041
7242448
Fax: 041
7242425
Web site: http://www.mte.ch
E-mail: info@mte.ch
VAT-No.: CHE108390395
Established: 1896
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: Import,
Export
Quality certification: ISO 9001:2000 (since 2005)
Banks: unknown
Organisation level: Ultimate Parent
Coverage: Company
Employees: 20
The business activities
includes the development and manufacture of test equipment and systems for
energy measurement, as well as power quality analysers and transformer
monitoring systems.
Information on property
ownership was not available.
Company No: 170.3.020.424-3
/ 366089
Legal form: Company
limited by shares
Registration: 20.11.1995
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date
of Statutes: 30.03.2012
Date
of Statutes: 28.09.1999
Date
of Statutes: 17.01.1996
Date
of Incorporation Statutes: 17.11.1995
Entry Deleted Name
20.11.1995 MTE
Meter Test Equipment AG
Entry Deleted Legal domicile
20.11.1995 Zug,
Switzerland
Entry Deleted Address
02.05.2002 Dammstrasse
16, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
04.10.1999 Share
Capital CHF 1'100'000, paidup CHF 1'100'000
Entry Deleted Capital Structure
04.10.1999 2'200
Registered shares with restricted transferability of CHF 500.--
Entry Deleted Activity (original Language)
20.11.1995 Handel
mit sowie Vertrieb und Service von Prüftechniken und Umfeldprodukten; kann
Finanzierungen tätigen und Beteiligungen erwerben und veräussern.
Entry Deleted Remarks (original Language)
11.04.2012 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
11.04.2012 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Brief, Telefax oder e-mail,
sofern deren Adressen alle bekannt sind, sonst durch Publikation im
Schweizerischen Handelsamtsblatt.
20.11.1995 Publishing
authority: SHAB.
Title Name
President, Chief Executive Thomas Müller, Origin: Germany,
Residential address: Hamburg, Germany, single signature, Registered since:
20.11.1995
Director lic.
iur. Jost M. Frigo, Origin: Zug, Switzerland, Residential address: Zug/ZG,
Switzerland, joint signature of two, Registered since: 20.11.1995
Director Dr.
Remo Lütolf, Origin: Alberswil, Meggen, Switzerland, Residential address:
Zug/ZG, Switzerland, joint signature of two, Registered since: 03.05.1996
Director Peter
Scheew, Origin: Germany, Residential address: Brackel, Germany, single
signature, Registered since: 03.05.1996
Director Hannes
Züllig, Origin: Zug, Switzerland, Residential address: Zug/ZG, Switzerland,
single signature, Registered since: 20.11.1995
Title Name
General Manager Hannes
Züllig, Origin: Zug, Switzerland, Residential address: Zug/ZG, Switzerland,
single signature, Registered since: 20.11.1995
Member with procuration Horst Josef Adams, Origin: Germany, Residential
address: Rheinbach, Germany, joint power of attorney of two, Registered since:
31.03.2000
Member with procuration Dr. Detlef Ebel, Origin: Germany, Residential address:
Rosengarten, Germany, joint power of attorney of two, Registered since:
03.05.1996
Member with procuration Karsten Schröder, Origin: Germany, Residential address:
Hamburg, Germany, joint power of attorney of two, Registered since: 29.12.2009
Title Name
Auditor wadsack
& co. treuhandgesellschaft, Residential address: Zug, Switzerland,
Registered since: 20.11.1995
Title Name
Chief Executive Officer Hannes Züllig
No. of Owner/-s: 3
Owner: The
company is domestic owned.
Class: 50-99%
Name: Makiro
AG
City/Country: Zug/ZG,
Switzerland/CH
No. of shares: 1'130
Interest: 51.36%
voting right, 51.36% capital interest (since 2003)
Class: 100%
Name: EMH
Energie-Messtechnik GmbH
City/Country: Brackel,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest (since 2001)
Class: 100%
Name: MTE
Services (P) Ltd
City/Country: New
Delhi, India/IN
Interest: 100.00%
voting right, 100.00% capital interest (since 1997)
Class: 100%
Name: MTE
(UK) Limited
City/Country: London,
United Kingdom/GB
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: OOO
Mte
City/Country: Moscow,
Russia/RU
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
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: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
UK Pound |
1 |
Rs.88.38 |
|
Euro |
1 |
Rs.71.47 |
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.