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Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
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Name : |
GIMOTA AG |
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Registered Office : |
Chrummacherstrasse 3 8954 Geroldswil/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
10.10.1960 |
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Com. Reg. No.: |
020.3.910.352-3 / 70124 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is specialized in supplying connectors for the
use in railway vehicles |
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No. of Employees |
15 |
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 |
GIMOTA AG
Chrummacherstrasse 3
8954 Geroldswil/ZH
Switzerland/CH
Telephone: 044
7493010
Fax: 044
7493015
Web site: http://www.gimota.ch
E-mail: info@gimota.ch
WIN Worldbox No.: CH0000192106
VAT-No.: CHE107300946
Established: 1961
History: 1961: Established from Otto Schoch
Line of Business: Electro
technology
Industry Division: Manufacturing
Industry-code (NACE): 2790 Manufacture of other electrical equipment
Import/Export: Export
Quality certification: ISO
9001:2008 (since 2002)
ISO
14001:2004 (since 2002)
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 15
Sales: CHF
10-20 Mio
The company is specialized in supplying
connectors for the use in railway vehicles. These are for example Circular
Connectors or Data Connectors. Future in-house developments concentrate on the
same field of activities, particularly with regard to connectors for
high-current and data transmission circuits for example the TRAC-Series, and
EMI shielded connectors. They supplies most of the leading European railway
manufacturers.
Real Estate: It is
understood that the company owns certain property.
Company No: 020.3.910.352-3
/ 70124
Legal form: Company
limited by shares
Registration: 10.10.1960
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Incorporation Statutes: 17.07.1975
Date
of Statutes: 11.12.1997
Entry Deleted Name
active Gimota
AG
active Gimota
Ltd (Name translated)
active Gimota
SA (Name translated)
Entry Deleted Legal domicile
02.04.1998 Geroldswil,
Switzerland
02.04.1998 Zürich, Switzerland
Entry Deleted Address
02.04.1998 Chrummacherstrasse
3, 8954 Geroldswil, Switzerland/CH
02.04.1998 Wehntalerstrasse 5, 8057 Zürich,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 50,000, paidup CHF 50,000
Entry Deleted Capital Structure
active 50
Registered shares of CHF 1,000.--
Title Name
President Roger
Schoch, Origin: Zürich, Eschlikon, Switzerland, Residential address: 5506
Mägenwil, Switzerland, born: 13.06.1973, single signature, Registered since:
16.09.2003
Director Ginette
Schoch, Origin: Zürich, Eschlikon, Switzerland, Residential address: 8103
Unterengstringen, Switzerland, born: 15.06.1931, single signature
Director Philippe
Schoch, Origin: Zürich, Eschlikon, Switzerland, Residential address: 8105
Regensdorf, Switzerland, born: 26.07.1966, single signature, Registered since:
16.09.2003
Title Name
Member with procuration Marcel
Frey, Origin: Schaffhausen, Switzerland, Residential address: 8524
Uesslingen-Buch, Switzerland, joint power of attorney of two, Registered since:
30.05.2011
Member with procuration Walter
Lang, Origin: Kreuzlingen, Switzerland, Residential address: 8000 Zürich, Switzerland,
joint power of attorney of two, Registered since: 30.05.2011
Title Name
Auditor BDO
AG, Residential address: Aarau, Switzerland, Id: CH-400.9.002.498-5, Registered
since: 25.05.1998
Owner: The
company is in family ownership.
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
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Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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.