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Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
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Name : |
JAKOB
MÜLLER AG FRICK |
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Registered Office : |
Schulstrasse
14 Postfach 5070 Frick/AG |
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Country : |
Switzerland |
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Date of Incorporation : |
19.02.1921 |
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Com. Reg. No.: |
400.3.924.219-7
/ 123875 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture and installation of narrow fabric looms, label machines, CAD/CAM systems and other special executions. |
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No. of Employees : |
520 |
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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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Switzerland |
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
Jakob Müller AG Frick
Operating address:
Schulstrasse 14
Postfach
5070 Frick/AG
Switzerland/CH
Telephone: 062
8655111
Fax: 062
8655777
Web site: http://www.mueller-frick.com
E-mail: jmf@mueller-frick.com
VAT-No.: CHE106013272
Established: 1887
History: 1887: Established from Jakob Müller
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2829 Manufacture of
other general-purpose machinery n.e.c.
Import/Export: Export
Quality certification: ISO 9001
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 520
Sales: CHF
200-400 Mio
The business activities
incldues the manufacture and installation of narrow fabric looms, label
machines, CAD/CAM systems and other special executions.
Information on
property ownership was not available.
Company No: 400.3.924.219-7
/ 123875
Legal form: Company
limited by shares
Registration: 19.02.1921
Legal status: active
Responsible Register: Handelsregister des Kantons Aargau (since 11.12.1968)
History: Date
of Statutes: 27.11.1968
Date
of Statutes: 10.11.2005
Date
of Statutes: 15.11.1994
Entry Deleted Name
14.11.2005 Jakob
Müller AG Frick
14.11.2005 Jakob Müller AG Maschinenfabrik
Entry Deleted Legal domicile
active Frick,
Switzerland
Entry Deleted Address
active Schulstrasse
14, 5070 Frick/AG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2'000'000, paidup CHF 2'000'000
Entry Deleted Capital Structure
active 2'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
13.12.1994 Entwicklung
und Fabrikation von sowie Handel mit Bandherstellungsmaschinen,
Programmieranlagen und Maschinen aller Art; die Gesellschaft kann Vertretungen
in dieser Branche übernehmen sowie verwandte Geschäfte erwerben oder sich an
solchen beteiligen und Zweigniederlassungen im In- und Ausland errichten.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
18.02.2009 Merger:
Übernahme der Aktiven und Passiven der CORVET TEXTIL AG, in Zürich (CH-020.3.020.136-6),
gemäss Fusionsvertrag vom 06.02.2009 und Bilanz per 30.09.2008. Aktiven von CHF
104'220.56, denen keine Passiven (Fremdkapital) gegenüberstehen, gehen auf die
übernehmende Gesellschaft über. Da die übernehmende Gesellschaft sämtliche Aktien
der übertragenden Gesellschaft hält, findet weder eine Kapitalerhöhung noch
eine Aktienzuteilung statt.
21.06.2005 Merger:
Übernahme der Aktiven und Passiven der SB Breitenbach Maschinen AG, in
Breitenbach (CH-261.3.000.101-0), gemäss Fusionsvertrag vom 08.06.2005 und
Bilanz per 31.12.2004. Aktiven von CHF 3'140'561.45 und Passiven (Fremdkapital)
von CHF 4'194'670.94 gehen auf die übernehmende Gesellschaft über. Da die
übernehmende Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält,
findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.
13.12.1994 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
13.12.1994 Reports:
Mitteilungen an die Aktionäre erfolgen schriftlich an die im Aktienbuch
eingetragene Adresse oder im Publikationsorgan, sofern das Gesetz nicht
zwingend etwas anderes vorschreibt.
Title Name
President Christian
Kuoni, Origin: Maienfeld, Switzerland, Residential address: Zeiningen,
Switzerland, joint signature of two
Executive Director Ruth Bühler, Origin: Menznau, Switzerland,
Residential address: Zürich/ZH, Switzerland, joint signature of two
Executive Director Karl John, Origin: Eiken, Switzerland,
Residential address: Frick/AG, Switzerland, joint signature of two
Title Name
Member of the management Bruno Bolliger, Origin: Gontenschwil, Switzerland,
Residential address: 5105 Auenstein/AG, Switzerland, joint signature of two,
Registered since: 15.01.2010
Member of the management Martin Buyle, Origin: Austria, Residential address: Dornbirn
, Austria, joint signature of two, Registered since: 15.01.2010
Member of the management Bernhard Engesser, Origin: Wängi, Switzerland, Residential
address: 5524 Niederwil /AG, Switzerland, joint signature of two, Registered
since: 15.01.2010
Member of the management Robert Reimann, Origin: Wölflinswil, Switzerland,
Residential address: Münchwilen/AG, Switzerland, joint signature of two,
Registered since: 22.09.2011
Member with procuration Bruno Ragg, Origin: Germany, Residential address:
Rheinfelden, Germany, joint power of attorney of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Basel, Switzerland
Title Name
Chief Executive Officer Christian Kuoni
Name: Jakob
Müller Holding AG
City/Country: Frick/AG,
Switzerland/CH
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Jakob
Müller Holding AG
City/Country: Frick/AG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Name: Jakob
Müeller Hong Kong China Ltd
City/Country: Kowloon/Hong
Kong, Hong Kong/HK
Name: Jakob
Müller Brasil Ltda
City/Country: Sao
Paulo, Brazil/BR
Name: Jakob
Müller de Mexico SA de CV
City/Country: Mexico,
Mexico/MX
Name: Jakob
Müller Deutschland GmbH
City/Country: Schwelm,
Germany/DE
Name: Jakob
Müller Immobilien AG
City/Country: Frick/AG,
Switzerland/CH
Name: Jakob
Müller (India) Private Ltd
City/Country: Bangalore,
India/IN
Name: Jakob
Müller Italiana SpA
City/Country: Lainate/Milano,
Italy/IT
Name: Jakob
Müller Machinery (China) Co Ltd
City/Country: Suzhou/Jiangsu
Province, China/CN
Name: Jakob
Müller Nippon KK
City/Country: Fukui,
Japan/JP
Name: Jakob
Müller of America Inc
City/Country: Charlotte/North
Carolina, United States of America/US
Name: Jakob
Müller Services Ltd.
City/Country: Frick/AG,
Switzerland/CH
Name: Jakob
Müller Česká republika A.S.
City/Country: Kadaň,
Czech/CZ
Name: TexTrace
AG
City/Country: Frick/AG,
Switzerland/CH
It is believed that
the company has no investments.
Control date Year No. Amount CHF Status
07.08.2012 2012 0
07.08.2012 2011 0
07.08.2012 2010 0
07.08.2012 2009 0
07.08.2012 2008 0
07.08.2012 2007 0
12.04.2011 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 in order.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
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|
1 |
Rs.84.96 |
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Euro |
1 |
Rs.68.61 |
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.