|
Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RML SERVICES & TRADING SA |
|
|
|
|
Registered Office : |
Via Mercoli 8a 6900 Lugano/TI
Switzerland/CH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
10.04.1992 |
|
|
|
|
Com. Reg. No.: |
514.3.006.468-1 / 297190 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Trading in machinery and equipment for the areas of Baby Diapers,
Adult Diapers / Light Incontinence, Pull-On Adult, Underpads, Feminine Care,
Wet Wipes and Tissue Paper. |
|
|
|
|
No. of Employees : |
03 |
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 |
|
Payment Behaviour : |
Slow but correct |
|
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 |
|
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
RML SERVICES &
TRADING SA
Via Mercoli 8a
6900 Lugano/TI
Switzerland/CH
Telephone: 091
9725874
Fax: 091
9725856
Web
site: www.rmlservices.com
E-mail: info@rmlservices.com
WIN
Worldbox No.: CH0002346936
VAT-No.: CHE107397779
Established: 1992
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other machinery and
equipment
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 3
Sales: CHF 2-4 Mio
The business activities includes trading in
machinery and equipment for the areas of Baby Diapers, Adult Diapers / Light
Incontinence, Pull-On Adult, Underpads, Feminine Care, Wet Wipes and Tissue
Paper.
Information on property ownership was not
available.
Company
No: 514.3.006.468-1 /
297190
Legal
form: Company limited
by shares
Registration: 10.04.1992
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
24.06.1992
Date of
Incorporation Statutes: 09.04.1992
Date of
Statutes: 12.11.2008
Entry Deleted Name
17.11.2008 RML Services & Trading SA
17.11.2008 RML Services SA
Entry Deleted Legal domicile
active Lugano,
Switzerland
Entry Deleted Address
active Via
Mercoli 8a, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 100
Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
17.11.2008 L'acquisto,
la vendita e la commercializzazione di macchine e prodotti industriali, con
particolare riguardo al settore industriale dell'igiene; l'assunzione di
mandati di rappresentanza per tali macchine e la relativa prestazione di
servizi di consulenza tecnico-amministrativa.
17.11.2008 L'amministrazione di altre società, in
particolare l'assistenza, la consulenza, la prestazione di ogni servizio
amministrativo, specie nell'espletamento di ogni formalità contrattuale, di
finanziamento, di trasporto, sdoganamento, import-export.
Entry Deleted Remarks (original Language)
active Publishing
authority: FUCT o FUSC.
17.11.2008 Audit:
Con dichiarazione del consiglio di amministrazione del 12.11.2008, la società
non è soggetta alla revisione ordinaria e rinuncia a una revisione
limitata.
Title Name
President Giorgio
Biancardi, Origin: Italy, Residential address: Montevideo, Uruguay, joint
signature of two
Director Jean-Pierre
Baggi, Origin: Malvaglia, Switzerland, Residential address: 6982 Agno/TI,
Switzerland, born: 22.02.1942, single signature
Director Birgit
Biancardi-Sckölkens, Origin: Germany, Residential address: Orta San Giulio,
Italy, joint signature of two
Title Name
Chief
Executive Officer Jean-Pierre
Baggi
Owner: The company is
privately owned.
It is believed that the company has no
investments.
Control date Year No.
10.02.2009 2009 0
10.02.2009 2008 0
10.02.2009 2007 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 considered to be in order.
Payment experiences: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.