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Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
ROMMELAG AG |
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Registered Office : |
Fabrikweg 16, Postfach, 5033 Buchs |
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Country : |
Switzerland |
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Date of Incorporation : |
12.05.1964 |
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Com. Reg. No.: |
400.3.919.137-0 / 155689 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
manufacturer of machinery for the production and filling
of plastic bottles and ampoules for infusion containers, eye, ear and nose
drops, inhalation, and for the food industry and technical products |
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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 |
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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) |
|
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
rommelag ag
Fabrikweg 16
Postfach
5033 Buchs
Switzerland/CH
Telephone: 062
8345555
Fax: 062
8345500
Web site: http://www.rommelag.com
E-mail: mail@rommelag.ch
VAT-No.: CHE106502507
Established: 1952
Line of Business: Machinery, Plastics
Industry Division: Manufacturing
Industry-code (NACE): 2899 Manufacture of
other special-purpose machinery n.e.c.
2222 Manufacture of plastic packing goods
Import/Export: Export
Quality certification: ISO 9001:2000 (since 2002)
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 20
Sales: CHF
6-8 Mio
The business activities
includes the manufacture of machinery for the production and filling of plastic
bottles and ampoules for infusion containers, eye, ear and nose drops,
inhalation, and for the food industry and technical products.
Information on property
ownership was not available.
Company No: 400.3.919.137-0
/ 155689
Legal form: Company
limited by shares
Registration: 12.05.1964
Legal status: active
Responsible Register: Handelsregister des Kantons Aargau
History: Date
of Incorporation Statutes: 01.05.1964
Date
of Statutes: 30.06.2008
Date
of Statutes: 24.06.2003
Date
of Statutes: 30.06.1997
Date
of Statutes: 23.11.1993
Entry Deleted Name
03.07.2003 rommelag
ag
03.07.2003 Rommelag
Entry Deleted Legal domicile
25.09.1997 Buchs
(AG), Switzerland
25.09.1997 Aarau, Switzerland
Entry Deleted Address
03.07.2003 Fabrikweg
16, 5033 Buchs/AG, Switzerland/CH
24.01.1996 c/o Dr.
Andreas Burren, Bahnhofstrasse 8, 5000 Aarau/AG, Switzerland/CH
25.09.1997 03.07.2003 Fabrikstrasse 16, 5033 Buchs/AG,
Switzerland/CH
24.01.1996 25.09.1997 c/o Dr. Andreas Burren, Bahnhofstrasse 10,
5000 Aarau/AG, 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)
31.07.2008 Vertrieb
von Rohmaterialien, Maschinen, elektrischen Apparaten und Geräten und
alle damit verbundenen Dienstleistungen, kann Tochtergesellschaften und
Zweigniederlassungen errichten, Vertretungen übernehmen, kann sich anderen
Unternehmungen beteiligen, Darlehen aufnehmen sowie Grundstücke erwerben,
vermieten und veräussern.
25.09.1997 Vertrieb von Rohmaterialien, Maschinen,
elektrischen Apparaten und Geräten. Ein allfälliger "kann Zweck" ist
aus den Statuten zu entnehmen.
25.09.1997 31.07.2008 Vertrieb von Rohmaterialien, Maschinen,
elektrischen Apparaten und Geräten; die Gesellschaft kann Tochtergesellschaften
und Zweigniederlassungen im In- und Ausland errichten, Vertretungen übernehmen,
sich an anderen Unternehmungen beteiligen, Darlehen aufnehmen sowie Grundstücke
erwerben, verwalten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
30.11.1993 Reports:
Die Mitteilungen an die Aktionäre erfolgen mit eingeschriebenem Brief, sofern
ihre Adressen bekannt sind, andernfalls durch Publikation im SHAB.
Title Name
Executive Director Felix Rudolf Schneebeli, Origin: Zürich,
Switzerland, Residential address: 8127 Forch/ZH, Switzerland, single signature,
Registered since: 03.02.2009
Title Name
General Manager Rudolf
Geiss, Origin: Germany, Residential address: Weinstadt, Germany, single
signature
Member with procuration Esther Baldemair, Origin: Stein AG, Loveresse,
Switzerland, Residential address: 5037 Muhen/AG, Switzerland, joint power of
attorney of two
Member with procuration Hubert Leimgruber, Origin: Hernach, Switzerland,
Residential address: 5610 Wohlen/AG, Switzerland, joint power of attorney of
two
Member with procuration Hans Steiner, Origin: Kaltbrunn, Switzerland,
Residential address: 5507 Mellingen/AG, Switzerland, joint power of attorney of
two
Title Name
Auditor Ortag,
Organisations-, Revisions- und Treuhand-AG,
Zürich, Residential address: Switzerland
Title Name
Chief Executive Officer Rudolf Geiss
Name: rommelag-Maschinen
Gesellschaft mit beschränkter Haftung & Co. KG für die Kunststoffverarbeitung
City/Country: Waiblingen,
Germany/DE
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 50-99%
Name: rommelag-Maschinen
Gesellschaft mit beschränkter Haftung & Co. KG für die Kunststoffverarbeitung
City/Country: Waiblingen,
Germany/DE
Interest: 80.00%
voting right, 80.00% capital interest
Name: rommelag - Kunststoff
- Maschinen Vertriebsgesellschaft mbH
City/Country: Waiblingen, Germany/DE
It is believed that the
company has no investments.
Control date Year No. Amount CHF Status
24.08.2011 2011 0
24.08.2011 2010 0
24.08.2011 2009 0
24.08.2011 2008 0
24.08.2011 2007 0
13.01.2009 2006 0
13.01.2009 2005 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: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
UK Pound |
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.