MIRA INFORM REPORT

 

 

Report Date :

03.06.2013

 

IDENTIFICATION DETAILS

 

Name :

SANTIAN TRADING SAGL

 

 

Registered Office :

Piazza Indipendenza 3 6830 Chiasso/TI

 

 

Country :

Switzerland/CH

 

 

Date of Incorporation :

07.09.2012

 

 

Com. Reg. No.:

501.4.016.764-8 / 1112202

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The Subject is a Supplier and Trader of products, which include Blow Moulding Machinery, Plastic Blow Moulding Machinery, Industrial Blow Moulding Machinery, Used and Fully Revisioned CEE Plastic Injection Moulding Machinery, Plastic Extruders, Blow Moulding Machinery, Moulds and All Necessary Spare Parts with On-Site Technical Support.

 

 

No. of Employees :

1-9

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

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 – March, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Switzerland/CH

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

 

 


Company name and address

 

SANTIAN TRADING SAGL

 

Operating address:

Piazza Indipendenza 3

6830 Chiasso/TI

Switzerland/CH

 

Telephone:        +41 79 4047236

Mobile:             +41 79 4809901

 

Web site:          http://www.santian-trading.com

 

VAT-No.:           CHE431337302

 

 

Profile

 

Established:                  2012

Line of Business:          Industrial goods wholesale, Consumer goods wholesale

Industry Division:          Wholesale trade

Industry-code (NACE):   4662     Wholesale of machine tools

            4669                 Wholesale of other machinery and equipment

Import/Export:               Import, export agency

Banks:                          unknown

 

 

Operational Figures

 

Coverage:         Company

Employees:      1-9

 

 

Activity

 

The company is a Supplier and Trader of products, which include Blow Moulding Machinery, Plastic Blow Moulding Machinery, Industrial Blow Moulding Machinery, Used and Fully Revisioned CEE Plastic Injection Moulding Machinery, Plastic Extruders, Blow Moulding Machinery, Moulds and All Necessary Spare Parts with On-Site Technical Support.

 

 

Real Estate

 

Real Estate:      The company does not appear to own any property.

 

 

Company Register

 

Company No:                501.4.016.764-8 / 1112202

Legal form:                   Limited Liability Company

Registration:                 07.09.2012

Legal status:                 active

Responsible Register:   Registro di commercio del Cantone Ticino

History:                         Date of Incorporation Statutes: 06.09.2012

 

Entry    Deleted Name

07.09.2012                    Santian Trading Sagl

 

Entry    Deleted Legal domicile

07.09.2012                    Chiasso, Switzerland

 

Entry    Deleted Address

07.09.2012                    Piazza Indipendenza 3, 6830 Chiasso/TI, Switzerland/CH

 

Entry    Deleted Capital

07.09.2012                    LLC Capital CHF 20'000

 

Entry    Deleted Capital Structure

07.09.2012                    20 Participation shares of CHF 1'000.--

 

Entry    Deleted Activity (original Language)

07.09.2012                    L'import-export e il riciclaggio di materiale di qualsiasi genere, nonché la promozione di affari e l'esercizio di tutte le attività in relazione con tale scopo. La società può pure acquistare, vendere, ricevere in uso e concedere in uso tecnologie, know-how tecnico, brevetti industriali, marchi, licenze e diritti di proprietà intellettuale in genere, in particolare nei citati settori. La società può inoltre assumere finanziamenti risp. espletare attività di concessione di mutui, garanzie anche ipotecarie, avalli e fidejussioni anche a favore di terzi, escluso comunque l'esercizio dell'attività bancaria ed assicurativa. La società può inoltre acquistare, gravare, gestire, amministrare e vendere beni immobili in Svizzera e all'estero, nonché partecipare a società e imprese immobiliari con sede e/o attività in Svizzera e all'estero, per conto proprio o per conto di terzi, anche in via fiduciaria, compatibilmente con le norme vigenti. La società può assumere sia direttamente che indirettamente interessenze e partecipazioni in altre società o imprese industriali, commerciali, finanziarie e di servizi in Svizzera o all'estero, nel settore attinente allo scopo sociale o in altri settori ed aprire succursali e filiali in Svizzera e all'estero. La società può infine compiere tutte le operazioni commerciali e finanziarie o di altro genere ritenute necessarie o utili funzionalmente connesse con l'oggetto sociale.

 

Entry    Deleted Remarks (original Language)

07.09.2012                    Publishing authority: FUSC.

07.09.2012                    Reports: Le comunicazioni della società ai soci avvengono per lettera raccomandata.

07.09.2012                    Audit: Con dichiarazione del 06.09.2012 la società non è soggetta alla revisione ordinaria e rinuncia a una revisione limitata.

07.09.2012                    Obligations: Prestazioni accessorie a norma di statuto.

 

 

Official Administration

 

Title                             Name

General Partner             Valeria Antognazza, Origin: Italy, Residential address: Verese, Italy, single signature, Registered since: 07.09.2012

General Partner             Alessia Giol, Origin: Italy, Residential address: Cassano Magnago, Italy, single signature, Registered since: 07.09.2012

 

 

Management

 

Title                             Name

General Manager           Georges Casto, Origin: Bagnes, Switzerland, Residential address: Sion, Switzerland, single signature, Registered since: 07.09.2012

 

 

Owner/-s

 

No. of Owner/-s:            2

Owner:                          The company is privately owned.

 

Class:                           50%

Name:                           Valeria Antognazza

City/Country:                 Varese, Italy/IT

Capital share:                CHF 10'000.--

Interest:                        50.00% voting right, 50.00% capital interest (since 07.09.2012)

 

Class:                           50%

Name:                           Alessia Giol

City/Country:                 Cassano Magnago, Italy/IT

Capital share:                CHF 10'000.--

Interest:                        50.00% voting right, 50.00% capital interest (since 07.09.2012)

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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.

 

 

Credit Information

 

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.56.49

UK Pound

1

Rs.86.81

Euro

1

Rs.73.68

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.