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Report Date : |
16.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
DOW EUROPE GMBH |
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|
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Registered Office : |
Bachtobelstrasse 3, Horgen, 8810 |
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|
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Country : |
Switzerland |
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Date of Incorporation : |
19.12.2001 |
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Com. Reg. No.: |
CH02040243667 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of chemical products |
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No. of Employees : |
54000 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
Without financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
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 Dow Europe GmbH
Company Registration Number CH02040243667
Country CH
Activity Code 701002
Activity Description Wholesale of chemical products
Company Status Active
Latest Turnover 69,604,999,000.00
(CHF)
Activities
Activity Code 701002
Activity Description
Basic Information
Company Name Dow Europe GmbH
Registered Company Name Dow Europe GmbH
Company Registration Number CH02040243667
Country CH
Date of Company Registration 19/12/2001
Date of Starting Operations 19/12/2001
Legal Form Limited Liability
Company
Company Status Active
Principal Activity Code 701002
Principal Activity Description Wholesale of
chemical products
Contact Address Bachtobelstrasse
3, Horgen, 8810
Contact Telephone Number 0447282111
Telephone 0447282111
Name Heinz Haller
Address Küsnacht Zh, 8700
Position President Of
Management Board
Name Javier Constante
Address Horgen, 8810
Position Signing For Head
Office
Name Juan Antonio
Merino Garcia
Address Horgen, 8810
Position Signing For Head
Office
Name Adriaan Tolboom
Address Wädenswil, 8820
Position Signing For Head
Office
Name Luis Gonzaga
Antuna Calle
Address Thalwil, 8800
Position Managing Director
Name Kevin Kroll
Address Oberrieden, 8942
Position Managing Director
Name Judith Tipping
Address Brugg Ag, 5200
Position Authorized
Signatory
Name Dow Europe Holding
B.V.
Address Hoek (Nl)
Position Associate
Nominal Share Capital 1.30 (CHF)
Name Dow Europe Holding
BV
Share Percent 100.00 %
Name Dow Europe Holding
B.V.
Address Hoek (NL)
Affiliate Name Dow Mideast
Systems S.A.E. (JSC)
Country EG
Affiliate Name Dow Egypt Services
Limited
Country EG
Number of Employees 54000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.98.59 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.