MIRA INFORM REPORT
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Report Date : |
22.05.2013 |
IDENTIFICATION DETAILS
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Name : |
JRS SCIENTIFIC INSTRUMENTS, DR. J.R.
SANDERCOCK |
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Registered Office : |
Im Grindel 6, 8932 Mettmenstetten/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
30.03.1994 |
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Com. Reg. No.: |
020.1.006.175-6 / 333632 |
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Legal Form : |
Sole trader |
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Line of Business : |
development and manufacturing of scientific
instruments |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
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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 |
JRS Scientific Instruments, Dr. J.R. Sandercock
Im Grindel 6
8932 Mettmenstetten/ZH
Switzerland/CH
Telephone: 044
7763366
Fax: 044
7763365
Web
site: http://www.jrs-si.ch
E-mail: info@jrs-si.ch
VAT-No.: CHE107594446
Established: 1994
Line
of Business: Measurement and
control technology
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 5
Sales: CHF 1-2 Mio
The business activities includes the development and manufacturing of
scientific instruments.
The product range includes:
- Tandem Fabry-Perot Interferometer TFP-1
- Confocal Interferometer CFP-1
- Confocal Microscope CM-1
- Pinhole Viewer PV-1
- Light Modulator LM-2
- Ghost / Multichannel Analyser MCA-1
Information on property ownership was not available.
Company
No: 020.1.006.175-6 /
333632
Legal
form: Sole trader
Registration: 30.03.1994
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Entry Deleted Name
30.03.1994 JRS
Scientific Instruments, Dr. J.R. Sandercock
Entry Deleted Legal domicile
11.09.2012 Mettmenstetten,
Switzerland
30.03.1994 11.09.2012 Affoltern am Albis, Switzerland
Entry Deleted Address
11.09.2012 Im
Grindel 6, 8932 Mettmenstetten/ZH, Switzerland/CH
30.03.1994 11.09.2012 Alte Affolterstrasse 1, 8909 Zwillikon/ZH, Switzerland/CH
Entry Deleted Activity (original Language)
30.03.1994 Entwicklung,
Herstellung und Verkauf von wissenschaftlichen Geräten.
Title Name
Owner Dr. John
Riddle Sandercock, Origin: United Kingdom, Residential address: Affoltern am
Albis, Switzerland, single signature, Registered since: 30.03.1994
Title Name
Chief
Executive Officer Dr. John
Riddle Sandercock
No.
of Owner/-s: 1
Owner: The company is
privately owned.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.04 |
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UK Pound |
1 |
Rs.83.95 |
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Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.