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Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
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Name : |
PAUL REINHART AG |
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Registered Office : |
Technikumstrasse 82 P.O. Box 2259 8401 Winterthur/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
24.12.1953 |
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Com. Reg. No.: |
020.3.921.310-9 / 144961 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of other intermediate products |
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No. of Employees : |
75 |
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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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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
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
Paul Reinhart AG
Operating
address:
Technikumstrasse
82
P.O. Box 2259
8401 Winterthur/ZH
Switzerland/CH
Telephone: 052
2648181
Fax: 052
2120055
Web
site: http://www.reinhart.com
E-mail: mail@reinhart.ch
VAT-No.: CHE102607231
Established: 1788
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Import, Export
Export
sales: 97.0%
Banks: unknown
Organisation
level: Ultimate Parent
Coverage: Company
Figures: estimated
Employees: 75
The Company is a worldwide cotton merchant
since 1788. The company sources its organic cotton from a number of regions
(Uganda, Turkey, India, Syria, USA, Egypt, West Africa, etc) and acts as an
intermediary between growers and spinners, providing its customers quality
assurance, logistics and documentation.
Information on property ownership was not
available.
Company
No: 020.3.921.310-9 /
144961
Legal
form: Company limited
by shares
Registration: 24.12.1953
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
28.03.1968
Date of
Statutes: 20.03.2012
Date of
Statutes: 28.05.1993
Date of
Statutes: 26.06.1991
Entry Deleted Name
active Paul
Reinhart AG
26.03.2012 Paul
Reinhart SA (Name translated)
26.03.2012 Paul
Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Technikumstrasse
82, 8400 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
10.07.1991 Share
Capital CHF 1'000'000, paidup CHF 1'000'000
10.07.1991 Share Capital CHF 500'000, paidup CHF 500'000
Entry Deleted Capital Structure
10.07.1991 10'000
Registered shares of CHF 100.--
07.06.1991 10.07.1991 500 Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
26.03.2012 Zweck
der Gesellschaft ist der Handel mit Agrarrohstoffen und -produkten,
insbesondere mit Baumwolle, in eigenem oder fremdem Namen sowie für eigene oder
fremde Rechnung und die Vermittlung von Handelsgeschäften aller Art. Die
Gesellschaft kann sich im Bereiche ihres Zweckes an anderen Unternehmungen
beteiligen, Liegenschaften erwerben und verkaufen und alle Geschäfte
durchführen, die direkt oder indirekt damit im Zusammenhang stehen.
10.07.1991 26.03.2012 Handel mit Rohbaumwolle in eigenem oder
fremdem Namen sowie für eigene oder fremde Rechnung und Vermittlung von
Handelsgeschäften aller Art; kann sich im Bereiche ihres Zweckes an anderen
Unternehmungen beteiligen sowie Liegenschaften erwerben und verkaufen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
14.10.2008 Merger:
Übernahme der Aktiven und Passiven der Cobatra AG, in Winterthur
(CH-020.3.905.615-1), gemäss Fusionsvertrag vom 25.09.2008 und Bilanz per
30.06.2008. Aktiven von CHF 164'216.00 und Passiven (Fremdkapital) von CHF
946.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
14.10.2008 Merger:
Übernahme der Aktiven und Passiven der Afcodi AG, in Winterthur
(CH-020.3.900.398-4), gemäss Fusionsvertrag vom 25.09.2008 und Bilanz per
30.06.2008. Aktiven von CHF 98'491.00 und Passiven (Fremdkapital) von CHF
147.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
22.06.1993 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
22.06.1993 Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief.
Title Name
President Jürg
Reinhart, Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Vice-President Thomas Paul
Reinhart, Origin: Winterthur, Switzerland, Residential address: Winterthur,
Switzerland, joint signature of two
Director Prof. Dr.
Ernst A. Brugger, Origin: Gossau ZH, Switzerland, Residential address: 8753
Mollis, Switzerland, joint signature of two
Director Matthias
Reinhart, Origin: Winterthur, Switzerland, Residential address: 8700 Küsnacht
ZH, Switzerland, joint signature of two
Title Name
Member
of the management Jürg Reinhart,
Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Member
of the management Rolf Stahel,
Origin: Elgg, Switzerland, Residential address: 8404 Winterthur, Switzerland,
joint signature of two
Member
of the management Ezio Vitali,
Origin: Winterthur, Switzerland, Residential address: 8400 Winterthur,
Switzerland, joint signature of two
Member
of the direction Ulrich
Curt Arbenz, Origin: Winterthur, Andelfingen, Switzerland, Switzerland,
Residential address: 8000 Zürich, Switzerland, joint signature of two
Member
of the direction Daniele
Ballestrin, Origin: Winterthur, Switzerland, Residential address: 8400
Winterthur, Switzerland, joint signature of two
Member
of the direction Marco
Bänninger, Origin: Rickenbach ZH, Switzerland, Residential address: 8352
Winterthur, Switzerland, joint signature of two, Registered since: 13.04.2011
Member
of the direction Petra
Bockhahn, Origin: Germany, Residential address: Büsingen, Germany, joint
signature of two
Member
of the direction Stefan
Brändli, Origin: Wald ZH, Switzerland, Residential address: 8400 Winterthur,
Switzerland, joint signature of two
Member
of the direction Raymond
Neuschwander, Origin: Bärschwil, Switzerland, Residential address: 8303
Bassersdorf, Switzerland, joint signature of two
Member
of the direction André
Paratte, Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two, Registered since: 26.03.2012
Member
of the direction Zeki
Sahin, Origin: Winterthur, Switzerland, Residential address: 8542 Wiesendangen,
Switzerland, joint signature of two
Member
of the direction Jürg
Stahel, Origin: Elgg, Switzerland, Residential address: 8542 Wiesendangen,
Switzerland, joint signature of two
Member
of the direction Daniel
Suter, Origin: Gränichen, Switzerland, Residential address: 8311 Brütten,
Switzerland, joint signature of two, Registered since: 13.04.2011
Member
of the direction Danny Van
Namen, Origin: Belgium, Residential address: 8400 Winterthur, Switzerland,
joint signature of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Winterthur, Switzerland, Id: CH-020.9.001.009-7
Title Name
Chief
Executive Officer Thomas
Paul Reinhart
Owner: The company is in
family ownership.
Class: 50-99%
Name: Jürg Reinhart
City/Country: Winterthur/ZH, Switzerland/CH
Class: 100%
Name: Laferlins Ltda.
City/Country: Recife, Brazil/BR
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Ashgabat
City/Country: Ashgabat, Turkmenistan/TM
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Australia Pty
Limited
City/Country: Toowoomba, Australia/AU
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart (Beijing)
Trading Co Ltd.
City/Country: Beijing, China/CN
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Egypt
City/Country: Alexandria, Egypt/EG
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart FZE
City/Country: Dubai, United Arab Emirates/AE
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Hellas
City/Country: Athen, Greece/GR
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Riga
City/Country: Riga, Latvia/LV
Interest: 100.00% voting right, 100.00%
capital interest
Class: 100%
Name: Reinhart Shanghai
City/Country: Shanghai, China/CN
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Reinhart Tashkent
City/Country: Tashkent, Uzbekistan/UZ
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: WINCOT AG
City/Country: Winterthur/ZH, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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.