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Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMSLER TEX AG |
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|
|
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Registered Office : |
Eichacherstrasse 5 8904 Aesch/ZH |
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|
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Country : |
Switzerland/CH |
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Date of Incorporation : |
16.03.1983 |
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Com. Reg. No.: |
020.3.901.230-8 / 344599 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business activities includes the manufacture of fancy and elastic
yarn production equipment. |
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|
|
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No. of Employees : |
22 |
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 |
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|
|
Payment Behaviour : |
Unknown |
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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/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 |
AMSLER TEX AG
Operating address:
Eichacherstrasse 5
8904 Aesch/ZH
Switzerland/CH
Telephone: 044
7399100
Fax: 044
7399104
Web site: http://www.amslertex.com
E-mail: sales@amslertex.com
VAT-No.: CHE108062293
Established: 1983
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 22
Sales: CHF 8-10 Mio
The business activities includes the manufacture of fancy and elastic
yarn production equipment.
Information on property ownership was not available.
Company
No: 020.3.901.230-8 /
344599
Legal
form: Company limited
by shares
Registration: 16.03.1983
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
11.07.1990
Date of
Statutes: 24.06.2002
Date of
Statutes: 05.02.1998
Date of
Statutes: 31.10.1994
Entry Deleted Name
16.07.2002 Amsler
Tex LTD (Name translated)
16.07.2002 Amsler
Tex SA (Name translated)
11.11.1994 Amsler
Tex AG
11.11.1994 Amsler - IRO AG
Entry Deleted Legal domicile
17.03.1998 Aesch
(ZH), Switzerland
17.03.1998 Zürich, Switzerland
Entry Deleted Address
17.03.1998 Eichacherstrasse
5, 8904 Aesch bei Birmensdorf/ZH, Switzerland/CH
17.03.1998 Hermetschloostrasse 75, 8048 Zürich/ZH,
Switzerland/CH
Entry Deleted Capital
16.07.2002 Share
Capital CHF 500,000, paidup CHF 500,000
16.07.2002 Share Capital CHF 50,000, paidup CHF 50,000
Entry Deleted Capital Structure
16.07.2002 500
Registered shares of CHF 1,000,--
16.07.2002 500 Registered shares of CHF 100,--
Entry Deleted Activity (original Language)
16.07.2002 Herstellung
und Vertrieb von Textilmaschinen aller Art sowie Erbringung damit verbundener
Dienstleistungen; kann im In- und Ausland Zweigniederlassungen und
Tochtergesellschaften errichten, sich an anderen Unternehmungen des In- und
Auslandes beteiligen, gleichartige oder verwandte Unternehmen erwerben oder
errichten, im In- und Ausland Grundeigentum und Wertschriften erwerben,
belasten, veräussern und verwalten sowie alle Geschäfte tätigen, die geeignet
sind, die Entwicklung des Unternehmens und die Erreichung des
Gesellschaftszweckes zu fördern.
16.07.2002 Herstellung und Vertrieb von Textilmaschinen
aller Art und Erbringung damit verbundener Dienstleistungen; kann andere
Unternehmungen gleicher Art übernehmen, vertreten und sich an solchen
beteiligen sowie Liegen-schaften erwerben und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
16.07.2002 Reports:
Die Mitteilungen an die Namenaktionäre erfolgen an ihre letzte im Aktienbuch
eingetragene Adresse durch eingeschriebenen Brief oder gegen Empfangsbestätigung
oder telegrafisch oder, sofern das Gesetz nicht zwingend etwas anderes
bestimmt, durch Veröffentlichung im Publikationsorgan.
11.11.1994 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
Title Name
President,
Chief Executive Dr. Raoul
Bloch, Origin: Aarau, Switzerland, Residential address: 8702 Zollikon/ZH,
Switzerland, single signature
Director Dr.
Sebastian Burckhardt, Origin: Basel, Switzerland, Residential address: 4125
Riehen/BS, Switzerland, joint signature of two
Title Name
Auditor Valiba
Treuhand AG, Residential address: Basel, Switzerland
Title Name
Chief Executive Officer Dr. Raoul Bloch
No. of Owner/-s: 1
Owner: The
company is privately owned.
Class: 100%
Name: Dr.
Raoul Bloch
City/Country: Zollikon/ZH, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 06.12.2005)
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
05.07.2010 2010 0
05.07.2010 2009 0
05.07.2010 2008 0
05.07.2010 2007 0
05.07.2010 2006 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.
The company exports to the following counties: Egypt, Tunesia, South
Africa, Marocco, Bangladesh, China, Hong Kong, Iran, Japan, Korea, Pakistan,
Usbekistan, Kasachstan, Syria, Thailand, Vietnam, Australia, Canada, USA,
Argentina, Brasil, Chile, Columbia, El Salvador, Mexico, Peru, Venezuela.
Debt collection case:
JUN 2010: CHF 5'460.00, paid.
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: Financial obligations are met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.97 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.