|
Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ITEMA (SWITZERLAND) LTD |
|
|
|
|
Registered Office : |
Binzackerstrasse 41, 8620 Wetzikon/ZH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
01.07.1988 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees : |
250-399 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
Without Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 (31.03.2012) |
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 |
ITEMA
(Switzerland) Ltd.
Operating address:
Binzackerstrasse 41
8620 Wetzikon/ZH
Switzerland/CH
Telephone: 043
4882121
Fax: 043
4882101
Web site: http://www.itemagroup.com
E-mail: info@itemagroup.com
VAT-No.: CHE105981424
Established: 1988
Line of Business: Machinery, Financial services
Industry Division: Manufacturing, Services
Industry-code (NACE): 2894 Manufacture of
machinery for textile, apparel and leather production
6420 Activities of holding companies
Import/Export: Export
Export sales: 98.0%
Quality certification: ISO 9001:2000
Banks: UBS
Ltd
CS Credit
Suisse
Coverage: Company
Figures: estimated
Employees: 250-399
The business activities includes the development, manufacture and sale
of textile machinery and accessories and related services. It branches,
representative offices and bases exist worldwide.
Real Estate: It
is understood that the company owns certain property.
Company
No: 020.3.925.478-4 /
445771
Legal
form: Company limited
by shares
Registration: 01.07.1988
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes: 29.11.2010
Date of
Statutes: 25.05.2009
Date of
Statutes: 08.12.2008
Date of
Statutes: 29.09.2004
Date of
Statutes: 15.04.2004
Date of
Statutes: 02.12.2002
Date of
Statutes: 13.11.2002
Date of
Statutes: 17.12.1998
Date of
Statutes: 02.06.1993
Date of
Statutes: 18.03.1993
Date of
Incorporation Statutes: 20.05.1988
Entry Deleted Name
16.01.2009 ITEMA
(Suisse) SA (Name translated)
07.01.2009 ITEMA
(Switzerland) Ltd.
07.01.2009 ITEMA
(Schweiz) AG (Name translated)
07.01.2009 ITEMA
(Svizzera) SA (Name translated)
07.01.2009 16.01.2009 ITEMA (Swiss) SA (Name translated)
06.01.2003 07.01.2009 Sultex AG
06.01.2003 07.01.2009 Sultex Limited (Name translated)
06.01.2003 07.01.2009 Sultex SA (Name translated)
24.12.1998 06.01.2003 Sulzer Textil AG
24.12.1998 06.01.2003 Sulzer Textil Ltd (Name translated)
24.12.1998 06.01.2003 Sulzer Textil SA (Name translated)
24.06.1993 24.12.1998 Sulzer Ruti SA (Name translated)
24.06.1993 24.12.1998 Sulzer Ruti Limited (Name translated)
10.05.1993 24.12.1998 Sulzer Rüti AG
01.07.1988 10.05.1993 Sulzer-Rüti Textilmaschinen AG
Entry Deleted Legal domicile
09.07.2009 Wetzikon
(ZH), Switzerland
01.07.1988 09.07.2009 Rüti (ZH), Switzerland
Entry Deleted Address
09.07.2009 Binzackerstrasse
41, 8620 Wetzikon/ZH, Switzerland/CH
06.06.1997 09.07.2009 Joweid Zentrum, 8630 Rüti/ZH, Switzerland/CH
01.07.1988 06.06.1997 Caspar Honegger-Strasse, 8630 Rüti/ZH,
Switzerland/CH
Entry Deleted Capital
24.06.1993 Share
Capital CHF 75'000'000, paidup CHF 75'000'000
01.07.1988 24.06.1993 Share Capital CHF 50'000, paidup CHF 50'000
Entry Deleted Capital Structure
24.06.1993 750'000
Registered shares of CHF 100.--
01.07.1988 24.06.1993 500 Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
03.05.2004 Die
Gesellschaft bezweckt die Entwicklung, die Herstellung und den Handel von
Textilmaschinen, vorwiegend Webmaschinen. Sie bezweckt ferner den Handel, die
Entwicklung und die Herstellung von Ersatzteilen für die genannten Maschinen,
und sie erbringt Dienstleistungen auf dem Gebiet der Textilindustrie. Die
Gesellschaft ist befugt, Finanzierungs-, Sanierungs- und
Interzessionsmassnahmen zugunsten von Aktionären, Konzerngesellschaften oder
Dritten vorzunehmen, sowie Aktionären, Konzerngesellschaften oder Dritten
Darlehen zu gewähren, wenn dies den Interessen des Konzerns förderlich ist. Die
Gesellschaft kann im In- und Ausland Zweigniederlassungen errichten, sich an
anderen Unternehmungen im In- und Ausland beteiligen oder solche finanzieren,
gleichartige oder verwandte Unternehmungen gründen oder erwerben. Sie kann
Lizenzen vergeben, Vertretungen übernehmen sowie alle Geschäfte tätigen und
Verträge abschliessen, die mit dem Gesellschaftszweck in Verbindung stehen und
zu dessen Förderung als nützlich erscheinen. Die Gesellschaft kann
Grundeigentum im In- und Ausland erwerben.
24.06.1993 03.05.2004 Entwicklung, Herstellung und Handel von
Textilmaschinen, vorwiegend Webmaschinen, ferner Handel, Entwicklung und
Herstellung von Ersatzteilen für die genannten Maschinen und Erbringen von
Dienstleistungen auf dem Gebiet der Textilindustrie; die Gesellschaft kann sich
an anderen Unternehmungen beteiligen, Lizenzen vergeben, Vertretungen
übernehmen und Grundeigentum erwerben.
01.07.1988 24.06.1993 Handel mit sowie Entwicklung und Herstellung
von Textilmaschinen; kann sich an anderen Unternehmungen beteiligen und
Liegenschaften erwerben.
Entry Deleted Remarks (original Language)
30.06.2009 Merger:
Übernahme der Aktiven und Passiven der Atelier de construction STEIGER SA, in
Vionnaz (CH-621.3.001.120-2), mit einem Aktienkapital von CHF 1'000'000.00,
einem Partizipationskapital von CHF 500'000.00 und gesetzlichen Reserven von
CHF 500'000.00, gemäss Fusionsvertrag vom 18.06.2009 und Bilanz per 31.12.2008.
Aktiven von CHF 20'139'397.00 und Passiven (Fremdkapital) von CHF 20'079'327.00
gehen auf die übernehmende Gesellschaft über. Gemäss Bestätigung des staatlich
beaufsichtigten Revisionsunternehmens liegen Rangrücktrittserklärungen im
Umfang der Unterdeckung vor. Da die übernehmende Gesellschaft sämtliche Aktien
der übertragenden Gesellschaft hält, findet weder eine Kapitalerhöhung noch
eine Aktienzuteilung statt.
24.06.1993 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 02.06.1993
einen Teil der Aktiven und Passiven der Sulzer AG, in Winterthur, nämlich den
Unternehmensbereich "Sulzer Rüti" gemäss Aufteilungsbilanz per
01.01.1993, wonach die übernommenen Aktiven CHF 459'145'596.21 und die
übernommenen Passiven CHF 359'195'596.21 betragen, wofür 749'500 Namenaktien zu
CHF 100.-- ausgegeben werden.
24.06.1993 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Veröffentlichung im SHAB oder,
sofern das Gesetz nicht zwingend etwas anderes bestimmt, durch eingeschriebenen
Brief.
10.05.1993 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
01.07.1988 Publishing
authority: SHAB.
Entry Deleted Branches
09.07.2009 Allmendweg
8, 4528 Zuchwil/SO, Switzerland/CH (Business place)
09.07.2009 12.04.2010 Joweid Zentrum
3, 8630 Rüti/ZH, Switzerland/CH (Business place)
09.07.2009 12.04.2010 Route du Simplon 20, 1895 Vionnaz/VS,
Switzerland/CH (Business place)
Title Name
President Angelo
Radici, Origin: Italy, Residential address: Leffe, Italy, single signature
Chief
Executive Carlo
Rogora, Origin: Italy, Residential address: Lucca, Italy, single signature,
Registered since: 30.01.2012
Director Danilo
Arizzi, Origin: Italy, Residential address: Albino, Italy, without signature
Director Rolf
Bosshardt, Origin: Winterthur, Switzerland, Residential address: Winterthur,
Switzerland, joint signature of two
Director Maurizio
Radici, Origin: Italy, Residential address: Bergamo , Italy, without signature,
Registered since: 30.01.2012
Director Palmiro
Radici, Origin: Italy, Residential address: Bergamo, Italy, without signature
Title Name
Member
of the management Rolf Bosshardt,
Origin: Winterthur, Switzerland, Residential address: Winterthur, Switzerland,
joint signature of two
Director Gerhard
Käser, Origin: Melchnau, Switzerland, Residential address: Wangen a. d. Aare,
Switzerland, joint signature of two
Director Fabio
Mazzucchetti, Origin: Italy, Residential address: Ranica, Italy, joint signature
of two, Registered since: 17.06.2011
Director Christian
Straubhaar, Origin: Zürich, Switzerland, Residential address: Veyrier,
Switzerland, joint signature of two
Vice-Director Claudio Rinaldi,
Origin: Italy, Residential address: Ernetschwil, Switzerland, joint signature
of two
Member
with procuration Davide
Ferrante, Origin: Italy, Residential address: Hägendorf, Switzerland, joint
power of attorney of two, Registered since: 21.03.2012
Member
with procuration Rolf
Güntensperger, Origin: Eschenbach, Switzerland, Residential address:
Rappersil-Jona, Switzerland, joint power of attorney of two
Member
with procuration Manfred
Häfner, Origin: Germany, Residential address: Gränichen, Switzerland, joint
power of attorney of two, Registered since: 21.03.2012
Member
with procuration Gerard
Hunziker, Origin: Oberkulm, Switzerland, Residential address: Rapperswil-Jona,
Switzerland, joint power of attorney of two, Registered since: 21.03.2012
Member
with procuration Urs
Scheidegger, Origin: Huttwil, Switzerland, Residential address: Kirchberg/BE,
Switzerland, joint power of attorney of two
Member
with procuration Rolf
Siegrist, Origin: Oberbipp, Switzerland, Residential address: Niederbipp,
Switzerland, joint power of attorney of two, Registered since: 17.06.2011
Title Name
Auditor KPMG AG,
Residential address: Zürich, Switzerland
Name: ITEMA S.p.A.
City/Country: Colzate/Bologna, Italy/IT
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: ITEMA S.p.A.
City/Country: Colzate/Bologna, Italy/IT
Interest: 100.00% voting right,
100.00% capital interest (since 2001)
Class: 100%
Name: Heinz Linder GmbH in
Liq.
City/Country: Zuchwil/SO, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 25.05.2010)
Class: 100%
Name: ITEMA Weaving (Japan)
Limited
City/Country: Osaka, Japan/JP
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Sultex-Export GmbH
City/Country: Rüti/ZH, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 10-19%
Name: Lakshmi Automatic Loom
Works Ltd
City/Country: Hosur/Tamil Nadu, India/IN
Interest: 16.40% voting right,
16.40% capital interest
Control date Year No. Amount CHF Status
05.11.2010 2010 0
05.11.2010 2009 2 614'240.-- Opposition filed
05.11.2010 2008 2 100'000.-- Opposition filed
05.11.2010 2007 0
05.11.2010 2006 0
05.11.2010 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.
Debt collection case:
AUG 2006: CHF 1'440.00, payment after legal
demand.
JAN 2008: CHF 538.00, payment after legal demand.
DEC 2008: CHF 265.75, payment after legal demand.
AUG 2009: CHF 706.60, payment after legal demand.
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 in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
UK Pound |
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.