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Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
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Name : |
PACKSYS GLOBAL (SWITZERLAND) AG |
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Registered Office : |
Joweid Zentrum 1, Rüti
ZH, 8630 |
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Country : |
Switzerland |
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Date of Incorporation : |
04.12.1983 |
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Com. Reg. No.: |
CH02030068126 |
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Legal Form : |
Limited Company |
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Line of Business : |
manufacturers of specialized packaging equipment. Subject design and build for manufacturing and decorating laminate
tubes, extruded plastic tubes, plastic beverage caps, aluminum screw caps,
aluminum tubes, and aluminum cans. |
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No. of Employees : |
140 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
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.
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Source : CIA |
Company Name PackSys Global (Switzerland) AG
Company Registration Number CH02030068126
Country CH
Activity Code 282900
Activity
Description
manufacturers of specialized packaging equipment.
Subject design and build for manufacturing and decorating laminate tubes,
extruded plastic tubes, plastic beverage caps, aluminum screw caps, aluminum
tubes, and aluminum cans.
Company Status Active
Latest Turnover 580,000,000.00 (CHF)
Activities
Activity Code 282900
Activity Description
manufacturers of specialized packaging equipment.
Subject design and build for manufacturing and decorating laminate
tubes, extruded plastic tubes, plastic beverage caps, aluminum screw caps,
aluminum tubes, and aluminum cans.
Basic Information
Company Name PackSys Global (Switzerland)
AG
Registered Company Name PackSys Global (Switzerland) AG
Company Registration Number
CH02030068126
Country CH
VAT Registration Number ---
VAT Registration Date ---
Date of Company Registration
04/12/1983
Date of Starting Operations 04/12/1983
Commercial Court --
Legal Form Limited company
Type of Ownership ---
Company Status Active
Principal Activity Code 282900
Principal Activity
Description
manufacturers of specialized packaging equipment.
Subject design and build for manufacturing and decorating laminate
tubes, extruded plastic tubes, plastic beverage caps, aluminum screw caps,
aluminum tubes, and aluminum cans.
Contact Address Joweid Zentrum 1, Rüti ZH,
8630
Country CH
Contact Telephone Number 0552503900
Name Manfred Zurkirch
Address Lachen SZ, 8853
Position managing director
Name Kurt Bachmann
Address Hombrechtikon, 8634
Position authorized officer
Name Urs Johner
Address Weesen, 8872
Position authorized officer
Name Julius Läubli
Address Rapperswil SG, 8640
Position authorized officer
Name Thomas LeFevre
Address Erlenbach ZH, 8703
Position authorized officer
Name Kedar Patil
Address Uster, 8610
Position authorized officer
Name Bruno Reggiani
Address Eschenbach SG, 8733
Position authorized officer
Name Beat Rupp
Address Zumikon, 8126
Position authorized officer
Name Maximilian Schneider
Address Inzell
Position president of the board of directors
Name Andreas Arpagaus
Address
Erlenbach ZH, 8703
Position
member
Name
Axel Freiherr
von Wiedersperg
Address
Teisendorf
Position
member
140
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
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 |
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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 |
|
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.