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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
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Name : |
NETSTAL-MASCHINEN AG |
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Registered Office : |
Tschachenstr., Naefels, 8752 |
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Country : |
Switzerland |
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Date of Incorporation : |
22.07.1970 |
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Com. Reg. No.: |
CH16030011146 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of plastic and rubber machinery |
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No. of Employees : |
500 |
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
Company Name NETSTAL-MASCHINEN
AG
Company Registration Number CH16030011146
Country CH
Activity Code 289600
Activity Description Manufacture
of plastic and rubber machinery
Company Status Active
Activities
Activity Code 289600
Activity Description Manufacture
of plastic and rubber machinery
Company Name Netstal-Maschinen
AG
Registered Company Name Netstal-Maschinen
AG
Company Registration Number CH16030011146
Country CH
Date of Company Registration
22/07/1970
Date of Starting Operations 22/07/1970
Commercial Court Legal Form Limited
company
Type of Ownership Company Status Active
Principal Activity Code 289600
Principal Activity Description Manufacture of plastic and rubber
machinery
Contact Address Tschachenstr.,
Naefels, 8752
Contact Telephone Number 0556186111
Address Näfels,
8752
Country CH
Telephone 0556186111
Current Directors Managers
Name Renzo
Davatz
Address Degersheim,
9113
Position director
Name Dr.
Han-sUlrich Golz
Address Vierkirchen
Position director
Name Maximilian
Veit
Address München
Position director
Name Helmut
Bauer
Address Unterägeri,
6314
Position authorized
officer
Name Dr.
Patrick Blessing
Address Seestrasse
143b, Thalwil, 8800
Position authorized
officer
Name Markus
Dal Pian
Address Nuolen
Position authorized
officer
Name Nijas
Husidic
Address Au ZH,
8804
Position authorized
officer
Name Rolf
Jenni
Address Oberurnen,
8868
Position authorized
officer
Name Fritz
Michero-lBi lumer
Address Glarus
Nord, 8752
Position authorized
officer
Name Dr.
Wolfgang Wilhelm Molter
Address Moosinning
(DE)
Position authorized
officer
Name Martin
Schima
Address München
Position authorized
officer
Name Angelika
Schulz
Address Schwanden
GL, 8762
Position authorized
officer
Name Rudolf
Speck
Address Weesen,
8872
Position authorized
officer
Name Andreas
Tinner
Address Chur,
7000
Position authorized
officer
Name Daniela
Bettina Maria Zink
Address München
(DE)
Position authorized
officer
Name Jan
Olaf Siebert
Address Dortmund
Position president
of the board of directors
Name Dr.
Han-sUlrich Golz
Address Vierkirchen
Position vice-president
Name Christian
Bernet
Address München
(DE)
Position member
Nominal Share Capital 29.04
(CHF)
Name KraussMaffei
Financial Services GmbH
Share Percent 100.00
%
Year
Number
of Employees 500
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
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 |
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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 |
|
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 |
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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 |
|
<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.