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Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILLY A. BACHOFEN AG |
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Registered Office : |
Junkermattstrasse 11 Postfach 944 4132
Muttenz/BL Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
19.01.2009 |
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Com. Reg. No.: |
270.3.000.419-8 / 12216 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the development, manufacture and distribution of
high-efficieny-mills, disc-mills, laboratory-mills, nano-mills, and mixers. |
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No. of Employees : |
91 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow but correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
WILLY A. BACHOFEN
AG
Junkermattstrasse
11
Postfach 944
4132 Muttenz/BL
Switzerland/CH
Telephone: 061
6867100
Fax: 061
6867110
Web
site: http://www.wab.ch
E-mail: wab@wab.ch
WIN
Worldbox No.: CH0000194042
VAT-No.: CHE105966896
Established: 1933
History: 1977: Limited company
Line
of Business: Machinery,
Financial services
Industry
Division: Manufacturing,
Services
Industry-code (NACE): 2829 Manufacture of other general-purpose machinery
n.e.c.
6420 Activities of holding companies
Import/Export: Import, Export
Export
sales: 95,0%
Quality
certification: ISO 9001:2008 (since
2004)
Banks: UBS Ltd
Organisation
level: Ultimate Parent
Coverage: Company
Figures: approximately
Employees: 91
Sales: CHF 20-40 Mio
The business activities includes the
development, manufacture and distribution of high-efficieny-mills, disc-mills,
laboratory-mills, nano-mills, and mixers.
Information on property ownership was not
available.
Company
No: 270.3.000.419-8 / 12216
Legal
form: Company limited
by shares
Registration: 19.01.2009
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Incorporation
Statutes: 06.06.1977
Date of
Statutes: 31.03.2008
Entry Deleted Name
active Willy
A. Bachofen AG
Entry Deleted Legal domicile
19.01.2009 Muttenz,
Switzerland
19.01.2009 Basel, Switzerland
Entry Deleted Address
19.01.2009 Junkermattstrasse
11, 4132 Muttenz, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
active 5,000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
active Betrieb
einer Maschinenfabrik. Die Gesellschaft kann sich an anderen Untenehmen
beteiligen sowie Grundstücke erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
active Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief.
Entry Deleted Branches
28.01.2009 Lysbüchelstrasse
166, 4056 Basel, BS, Switzerland/CH
28.01.2009 4132 Muttenz/BL, Switzerland/CH
Title Name
President Martin Hug,
Origin: Basel, Switzerland, Residential address: Basel, Switzerland, joint
signature of two
Chief
Executive Harald
Frommherz, Origin: Germany, Residential address: Rickenbach-Egg, Germany,
single signature
Director Hanspeter
Lüthi, Origin: Lauperswil, Switzerland, Residential address: Riehen,
Switzerland, joint signature of two
Title Name
Member
with procuration Michael
Bannwarth, Origin: Germany, Residential address: 4142 Münchenstein/BL,
Switzerland, joint power of attorney of two, Registered since: 13.08.2010
Member
with procuration René
Carnieletto, Origin: Italy, Residential address: Basel, Switzerland, joint
power of attorney of two
Member
with procuration Erich Jeker,
Origin: Büsserach, Switzerland, Residential address: 4227 Büsserach/SO,
Switzerland, joint power of attorney of two
Member
with procuration Gabriela
Mafli, Origin: Rebstein, Switzerland, Residential address: Auenstein,
Switzerland, joint power of attorney of two
Title Name
Auditor rm
treuhand gmbh, Residential address: Allschwil, Switzerland, Id:
CH-280.4.004.686-1
Title Name
Chief
Executive Officer Harald
Frommherz
Class: 100%
Name: WAB India Pvt. Ltd.
City/Country: Mumbai, India/IN
Interest: 100,00% voting right,
100,00% capital interest (since 2014)
Class: 100%
Name: WAB Machinery
(Shenzhen) Co., Ltd.
City/Country: Shenzhen, China/CN
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Class: 100%
Name: Willy A. Bachofen GmbH
City/Country: Nidderau, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2001)
Class: 100%
Name: Willy A. Bachofen Sarl
City/Country: Sausheim, France/FR
Interest: 100,00% voting right,
100,00% capital interest (since 1978)
Class: 100%
Name: Willy A. Bachofen UK
Limited
City/Country: Welwyn Garden
City/Hertfordshire, United Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Control date Year No. Amount CHF Status
06.05.2013 2013 0
06.05.2013 2012 0
06.05.2013 2011 0
06.05.2013 2010 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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.84.28 |
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.