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Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
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Name : |
THIES AG |
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Registered Office : |
Bahnhofstrasse 51, 7302 Landquart/GR |
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Country : |
Switzerland |
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Date of Incorporation : |
17.07.1969 |
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Com. Reg. No.: |
350.3.004.704-8 / 193138 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject sells new and used dyeing and bleaching machinery of Thies
Group |
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No. of Employees : |
20 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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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 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.
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Source : CIA |
Thies AG
Bahnhofstrasse 51
7302 Landquart/GR
Switzerland/CH
Telephone: 081
3004131
Fax: 081
3004132
Web
site: http://www.thiestextilmaschinen.ch
E-mail: info@thiestextilmaschinen.ch
VAT-No.: CHE101931491
Established: 1969
Line
of Business: Consumer goods
wholesale, Machinery
Industry
Division: Wholesale trade,
Manufacturing
Industry-code (NACE): 4669 Wholesale of other machinery and equipment
3312 Repair of machinery
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 20
The Company sells new and used dyeing and bleaching machinery of Thies
Group.
Information on property ownership was not available.
Company
No: 350.3.004.704-8 /
193138
Legal
form: Company limited
by shares
Registration: 17.07.1969
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Graubünden
History: Date of Incorporation
Statutes: 16.07.1969
Date of
Statutes: 11.02.2010
Date of
Statutes: 06.05.1988
Entry Deleted Name
active Thies
AG
Entry Deleted Legal domicile
12.02.2010 Landquart,
Switzerland
12.02.2010 Maienfeld, Switzerland
Entry Deleted Address
12.02.2010 Bahnhofstrasse
51, 7302 Landquart/GR, Switzerland/CH
21.08.2000 Landquartstrasse 40, 7304 Maienfeld/GR,
Switzerland/CH
21.08.2000 12.02.2010 Industriestrasse 13, 7304 Maienfeld/GR,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2'000'000, paidup CHF 2'000'000
Entry Deleted Capital Structure
active 4'000
Registered shares of CHF 500.--
Entry Deleted Activity (original Language)
12.02.2010 Fabrikation
von und Handel mit Maschinen und Apparaten; vollständige Zweckumschreibung
gemäss Statuten.
12.02.2010 Fabrikation von und Handel mit Maschinen und
Apparaten; die Gesellschaft kann ferner Finanzierungen, insbesondere
Finanzierungen von Exportaufträgen, vornehmen, Grundstücke erwerben, verwalten
und veräussern, sich an Unternehmen aller Art beteiligen, Patente, Lizenzen und
Know-how erwerben, verwalten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
Title Name
President Hans-Jürgen
Dupont, Origin: Müllheim, Switzerland, Residential address: 7402 Bonaduz,
Switzerland, single signature, Registered since: 27.07.1998
Vice-President Klaus Thies, Origin:
Germany, Residential address: Coesfeld, Germany, single signature, Registered
since: 25.05.2009
Title Name
General
Manager Michael
Schweifer, Origin: Germany, Residential address: 7304 Maienfeld, Switzerland,
joint signature of two, Registered since: 22.04.2004
Title Name
Auditor BMU
Treuhand AG, Residential address: Chur, Switzerland, Id: CH-350.3.010.765-1
Title Name
Chief
Executive Officer Michael
Schweifer
Name: Thies Verwaltungs-GmbH
City/Country: Coesfeld/Nordrhein-Westfalen,
Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Thies GmbH & Co.
KG
City/Country: Coesfeld/Nordrhein-Westfalen,
Germany/DE
Interest: 100.00% voting right,
100.00% capital interest
It is believed that the company has no investments.
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 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.54.40 |
|
UK Pound |
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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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.