|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
WEB TEXTILE SERVICES AG |
|
|
|
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Registered Office : |
Jakob-Fügli Strasse 6 8048 Zürich/ZH |
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|
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Country : |
Switzerland |
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Date of Incorporation : |
30.07.2001 |
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Com. Reg. No.: |
020.3.024.891-3 / 629640 |
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Legal Form : |
Company limited by shares |
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|
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Line of Business : |
Wholesale of machinery for the textile industry and of sewing and knitting machines |
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|
|
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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 |
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Payment Behaviour : |
Unknown |
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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 3.0% 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 safe-haven 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 1.9% in 2011 and 0.8% in 2012. 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 is considering 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
Web Textile Services AG
Operating
address:
Jakob-Fügli
Strasse 6
8048 Zürich/ZH
Switzerland/CH
Telephone: 076
5756411
Fax: 044
3553026
Web
site: http://www.webtex.ag
E-mail: office@webtex.ag
VAT-No.: CHE109296126
Established: 2001
Line
of Business: Industrial goods
wholesale, Consumer goods wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4664 Wholesale of machinery for the textile
industry and of sewing and knitting machines
4669 Wholesale of other machinery and
equipment
Banks: UBS Ltd
Coverage: Company
Figures: estimated
Employees: 2
The Company is one of the leading Textile
Machinery distributors and is represented in every bracket of Textile Machinery
such as: Spinning, Weaving, Finishing as much as deconstruction and recycling
of Industrial Plants.
Information on property ownership was not
available.
Company
No: 020.3.024.891-3 /
629640
Legal
form: Company limited by
shares
Registration: 30.07.2001
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
25.08.2009
Date of
Statutes: 06.12.2001
Date of
Incorporation Statutes: 12.07.2001
Entry Deleted Name
05.03.2002 Web
Textile Services AG
30.07.2001 05.03.2002 Omega Trading AG
Entry Deleted Legal domicile
30.07.2001 Zürich,
Switzerland
Entry Deleted Address
21.07.2010 Jakob-Fügli
Strasse 6, 8048 Zürich/ZH, Switzerland/CH
30.07.2001 21.07.2010 c/o FV-Stell-Engineering AG, Albulastrasse 24,
8048 Zürich, Switzerland/CH
Entry Deleted Capital
07.09.2009 Share
Capital CHF 100'000, paidup CHF 100'000
30.07.2001 07.09.2009 Share Capital CHF 100'000, paidup CHF 50'000
Entry Deleted Capital Structure
30.07.2001 1'000
Bearer shares of CHF 100.--
Entry Deleted Activity (original Language)
07.09.2009 Die
Gesellschaft bezweckt den Handel mit Anlagen, Rohstoffen,
Hilfsmitteln, Halbfertig-Produkten oder Fertig-Produkten aller Art,
besonders der Textilindustrie. Die Gesellschaft kann
Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten und
sich an anderen Unternehmen im In- und Ausland beteiligen sowie alle Geschäfte
tätigen, die direkt oder indirekt mit ihrem Zweck in Zusammenhang stehen. Die
Gesellschaft kann im In- und Ausland Grundeigentum erwerben, belasten,
veräussern und verwalten. Sie kann auch Finanzierungen für eigene oder fremde
Rechnung vornehmen sowie Garantien und Bürgschaften für Tochtergesellschaften
und Dritte eingehen.
30.07.2001 07.09.2009 Handel mit Anlagen, Rohstoffen, Hilfsmitteln,
Halbfertig-Produkten oder Fertig-Produkten aller Art, besonders der
Textilindustrie; kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten und sich an andern Unternehmen im In- und Ausland beteiligen,
Grundstücke erwerben, halten und veräussern sowie alle kommerziellen,
finanziellen und andern Tätigkeiten ausüben, welchem mit dem Gesellschaftszweck
im Zusammenhang stehen, insbesondere den Export und Import von Waren aller Art.
Entry Deleted Remarks (original Language)
07.09.2009 Reports:
Mitteilungen an die Aktionäre erfolgen durch Publikation im SHAB.
30.07.2001 Publishing
authority: SHAB.
30.07.2001 07.09.2009 Reports: Die Mitteilungen an die Aktionäre
erfolgen durch Publikation im SHAB oder, sofern die Namen und Adressen
sämtlicher Aktionäre bekannt sind, durch eingeschriebenen Brief.
Title Name
President Heinz Karl
Hassler, Origin: Austria, Residential address: 8000 Zürich, Switzerland, single
signature, Registered since: 30.07.2001
Director Daniel
Hassler, Origin: Austria, Residential address: Klagenfurt , Austria, single
signature, Registered since: 21.07.2010
Director Lukas
Hassler, Origin: Austria, Residential address: Klagenfurt , Austria, joint
signature of two, Registered since: 21.07.2010
Title Name
Auditor KGS
Treuhand + Consulting AG, Residential address: Zumikon, Switzerland, Registered
since: 26.09.2008
Owner: The company is
privately owned.
It is believed that the company has no
investments.
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 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.53.94 |
|
UK Pound |
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
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.