MIRA INFORM REPORT
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Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
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Name : |
KARL MAYER TEXTILMASCHINEN AG |
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Registered Office : |
Fabrikstrasse 9240 Uzwil/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
25.04.1984 |
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Com. Reg. No.: |
170.3.010.330-0 / 114159 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
50-79 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Switzerland |
A1 |
A1 |
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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
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.
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Source : CIA |
Karl Mayer
Textilmaschinen AG
Operating
address:
Fabrikstrasse
9240 Uzwil/SG
Switzerland/CH
Telephone: 071
9558400
Fax: 071
9558487
Web
site: http://www.karlmayer.ch
E-mail: info@karlmayer.ch
VAT-No.: CHE102774194
Established: 1984
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 50-79
The activities includes the manufacture of
textile machinery for the production of clothing textiles, sports articles,
lingerie, home textiles, automotive textiles and semitechnical textiles.
Information on property ownership was not
available.
Company
No: 170.3.010.330-0 / 114159
Legal
form: Company limited by
shares
Registration: 25.04.1984
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen (since 12.11.2003)
History: Date of Statutes:
01.12.2008
Date of
Statutes: 01.10.2003
Date of
Incorporation Statutes: 06.03.1984
Entry Deleted Name
12.12.2008 Karl
Mayer Textilmaschinen AG
12.12.2008 Massura AG
Entry Deleted Legal domicile
12.12.2008 Uzwil,
Switzerland
12.11.2003 Zug, Switzerland
12.11.2003 12.12.2008 St. Gallen, Switzerland
Entry Deleted Address
12.12.2008 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
12.12.2008 Rorschacherstrasse 150, 9006 St. Gallen/SG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500'000, paidup CHF 500'000
Entry Deleted Capital Structure
12.12.2008 500
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
12.12.2008 Herstellung
und Vertrieb von sowie Handel mit Textilmaschinen. Die Gesellschaft kann
Zweigniederlassungen und Betriebsstätten im In- und Ausland errichten, sich an
anderen Unternehmen im In- und Ausland beteiligen, im In- und Ausland
Grundeigentum erwerben, belasten, veräussern und verwalten, Finanzierungen für
eigene oder fremde Rechnung vornehmen sowie Garantien und Bürgschaften für
Tochtergesellschaften und Dritte eingehen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
12.12.2008 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten
beschränkt.
12.12.2008 Reports:
Die Mitteilungen an die Aktionäre erfolgen per Brief oder Telefax.
Title Name
President Fritz P.
Mayer, Origin: Germany, Residential address: Frankfurt am Main, Germany, single
signature
Director Prof. Dr. Andreas
Menzl, Origin: Rapperswil-Jona, Switzerland, Residential address: 9402
Mörschwil/SG, Switzerland, joint signature of two
Title Name
General
Manager Marcus
Kube, Origin: Germany, Residential address: 9552 Bronschhofen/SG, Switzerland, joint
signature of two, Registered since: 15.06.2010
Title Name
Auditor Dr. Rüsch
& Dr. Rietmann AG, Residential address: St. Gallen, Switzerland
Title Name
Chief
Executive Officer Prof. Dr.
Andreas Menzl
Karl Mayer
Textilmaschinen Ltd
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR th.
EUR
Result before
minority interests -463.0 -1'283.0 -14'797.0 28'510.0 76.0
Total shareholders
equity 9'794.0 9'539.0 14'739.0 29'536.0 1'025.0
Employees at year end 90 110 120 100
Employees inland 90 110 120 100
Employees abroad 0 0 0 0
Name: KARL MAYER Holding
GmbH & Co. KG
City/Country: Obertshausen, Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: KARL MAYER Holding
GmbH & Co. KG
City/Country: Obertshausen, Germany/DE
Interest: 100.00% voting right,
100.00% capital interest
Name: Karl Mayer (H.K.)
Limited
City/Country: Tsim Sha Tsui/Kowloon , Hong
Kong/HK
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
30.09.2009 2009 0
30.09.2009 2008 0
30.09.2009 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
Situation: The financial situation
appears to be good.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.04 |
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UK Pound |
1 |
Rs.83.61 |
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Euro |
1 |
Rs.70.68 |
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 |
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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.