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Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
EDAK AG |
|
|
|
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Registered Office : |
Rheinauerweg 17, 8447 Dachsen/ZH |
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|
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Country : |
Switzerland |
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Date of Incorporation : |
1959 |
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|
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Com. Reg. No.: |
020.3.907.322-4 / 49053 |
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|
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of boxes, storage containers, transport equipment, ladders,
scaffolds, platforms, wardrobe systems and waste systems made of aluminum and
stainless steel. |
|
|
|
|
No. of Employees : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
No complaints |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 began to
recover in 2010. 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 below 2% per year during
2011-13. 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 |
EDAK
AG
Operating
address:
Rheinauerweg 17
8447 Dachsen/ZH
Switzerland/CH
Telephone: 052
6472111
Fax: 052
6596370
Web
site: http://www.edak.ch
E-mail: edak@edak.ch
VAT-No.: CHE101490357
Established: 1959
Line
of Business: Metal/steel,
Plastics
Industry
Division: Manufacturing
Industry-code (NACE): 2591 Manufacture of steel drums and similar
containers
2599 Manufacture of other fabricated metal
products n.e.c.
2222 Manufacture of plastic packing goods
Import/Export: Export
Quality
certification: ISO 9001:2000 (since
1997)
Banks: UBS Ltd
CS Credit
Suisse
Coverage: Company
Figures: approximately
Employees: 75
Sales: CHF 10-20 Mio
The business activities includes the manufacture
of boxes, storage containers, transport equipment, ladders, scaffolds,
platforms, wardrobe systems and waste systems made of aluminum and stainless
steel.
Information on property ownership was not
available.
Company
No: 020.3.907.322-4 / 49053
Legal
form: Company limited by
shares
Registration: 29.09.1987
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Incorporation
Statutes: 23.07.1987
Date of
Statutes: 18.06.1997
Entry Deleted Name
29.07.1997 EDAK
AG
29.07.1997 EDAK
SA (Name translated)
29.07.1997 EDAK
Ltd (Name translated)
29.07.1997 Edak SA
29.07.1997 EDAK Ltd
29.07.1997 Edak AG
Entry Deleted Legal domicile
active Dachsen,
Switzerland
removed Schaffhausen, Switzerland
Entry Deleted Address
active Rheinauerweg
17, 8447 Dachsen, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2,500,000, paidup CHF 2,500,000
Entry Deleted Capital Structure
active 2,500
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
29.07.1997 Herstellung
und Handel von Waren aus Metall oder Kunststoff für die Bereiche Verwaltung,
Kommunen, Industrie, Gewerbe, Handel, Dienstleistung, Gastronomie, Touristik
und andere Abnehmerkreise sowie Erbringung damit verbundener Dienstleistungen;
kann Grundstücke erwerben, Hypotheken auf ihren Grundstücken errichten und
Darlehen gewähren, welche grundpfandlich gesichert sind.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
29.07.1997 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
29.07.1997 Reports:
Mitteilungen der Gesellschaft an die Aktionäre erfolgen schriftlich an die im
Aktienbuch eingetragenen Adressen.
Title Name
President Adrian T.
Keller, Origin: Zollikon, Switzerland, Residential address: Zollikon,
Switzerland, joint signature of two, Registered since: 11.06.2013
Director Mario
Hochstrasser, Origin: Hägglingen, Switzerland, Residential address: Egg,
Switzerland, joint signature of two, Registered since: 16.12.2013
Director Beat
Schwendener, Origin: Kloten, Switzerland, Residential address: Wädenswil,
Switzerland, joint signature of two, Registered since: 11.06.2013
Director Angelo C.
van Tol, Origin: Netherlands, Residential address: Freiburg, Germany, joint
signature of two, Registered since: 11.06.2013
Title Name
General
Manager Heinz
Strüby, Origin: Zürich, Ingenbohl, Switzerland, Residential address: 8610 Uster/ZH,
Switzerland, joint signature of two, Registered since: 13.08.2010
Member
of the management Kristina Drauz,
Origin: Germany, Residential address: Überlingen , Germany, joint signature of
two, Registered since: 24.09.2009
Member
of the management Albert Keel,
Origin: Rebstein, Switzerland, Residential address: Hofstetten/ZH, Switzerland,
joint signature of two, Registered since: 16.12.2013
Member
of the management Marcel Alois
Kramer, Origin: Basel, Switzerland, Residential address: Schlatt/ZH, Switzerland,
joint signature of two, Registered since: 28.01.2013
Member
with signing authority Elvira
Cominelli, Origin: Orpund, Switzerland, Residential address: 8274
Tägerwilen/TG, Switzerland, joint signature of two, Registered since:
24.09.2009
Title Name
Auditor Ernst
& Young AG, Residential address: Zürich, Switzerland, Id:
CH-020.9.001.069-0, Registered since: 16.06.2011
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: IAS IAS IAS IAS IAS
Sales 1,563.0 11,615.0 11,422.0 9,756.0 9,887.0
Operating revenue 7,839.0 7,794.0 6,851.0 7,013.0
Operating result 293.0 148.0
Capital 5.1 5.1 5.1 5.1 5.1
Employees at year end 3,981 28,683 25,959 24,025 25,107
Name: Diethelm Keller
Holding AG
City/Country: Zürich/ZH, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 2
Name: Diethelm Keller Brands
AG
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Type: indirect, Group-Level
1
Name: Diethelm Keller
Holding AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Diethelm Furniture
Pte. Ltd.
City/Country: Singapore, Singapore/SG
Name: Diethelm Holding
(U.S.A.) Ltd.
City/Country: Foothill Ranch/California,
United States of America/US
Name: Diethelm Keller
Aviation Pte Ltd
City/Country: Singapore, Singapore/SG
Name: Diethelm Keller
Engineering Pte Ltd
City/Country: Singapore, Singapore/SG
Name: DKB Household Germany
GmbH
City/Country: Rheinfelden Baden/Baden-Württemberg,
Germany/DE
Name: DKB Household
Switzerland AG
City/Country: Zürich/ZH, Switzerland/CH
Name: DKB Household UK
Limited
City/Country: Farnborough/Hampshire, United
Kingdom/GB
Name: DKB Management AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Wetrok AG
City/Country: Kloten/ZH, Switzerland/CH
Class: 100%
Name: EDAK, Inc.
City/Country: Melburne/Florida, United States
of America/US
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
20.03.2014 2014 0
20.03.2014 2013 0
20.03.2014 2012 0
20.03.2014 2011 0
20.03.2014 2010 0
20.03.2014 2009 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
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 considered to be in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.