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Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
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Name : |
MAX SCHILD AG |
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Registered Office : |
Oberalpstrasse 78, 4054 Basel/BS |
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Country : |
Switzerland |
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Year of Establishments: |
1946 |
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Com. Reg. No.: |
270.3.004.680-0 / 162419 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
sale of leather goods such as purses, bags, wallets and associated accessories. |
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No. of Employees : |
25 |
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 – 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 |
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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
Max Schild AG
Oberalpstrasse 78
4054 Basel/BS
Switzerland/CH
Telephone: 061
3079900
Fax: 061
3025252
Web
site: http://www.maxschild.ch
E-mail: info@maxschild.ch
VAT-No.: CHE107258586
Established: 1946
History: 1946: Established from Max Schild
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4649 Wholesale of other household goods
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 25
Sales: CHF 8-10 Mio
The business activities includes the sale of leather goods. Products: purses, bags, wallets and associated accessories.
Information on property ownership was not available.
Company
No: 270.3.004.680-0 /
162419
Legal
form: Company limited
by shares
Registration: 12.06.1989
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Stadt
History: Date of Statutes:
27.02.2003
Date of Incorporation
Statutes: 27.04.1989
Entry Deleted Name
27.02.2003 Max
Schild AG
12.06.1989 27.02.2003 Max Schild Lederwaren en gros AG
Entry Deleted Legal domicile
12.06.1989 Basel,
Switzerland
Entry Deleted Address
12.06.1989 Oberalpstrasse
78, 4054 Basel/BS, Switzerland/CH
Entry Deleted Capital
12.06.1989 Share
Capital CHF 300,000, paidup CHF 300,000
Entry Deleted Capital Structure
12.06.1989 300
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
27.02.2003 Handel
mit Lederwaren sowie Entwicklung und Vermarktung von Logistiksystemen. Die
Gesellschaft kann Liegenschaften erwerben, halten und veräussern, sich an
anderen Unternehmen beteiligen oder mit solchen zusammenarbeiten sowie
gleichartige oder verwandte Unternehmen gründen.
Entry Deleted Remarks (original Language)
27.02.2003 Shares:
Vinkulierung: Die Übertragbarkeit der Namenaktien ist nach Massgabe der
Statuten beschränkt.
27.02.2003 Reports:
Mitteilungen an die Aktionäre: Eingeschriebene Briefe, falls Adressen
sämtlicher Aktionäre bekannt, sonst Publikation im SHAB.
20.11.1996 Board
of directors: Streichung der statutarisch festgesetzten Anzahl der
Verwaltungsratsmitglieder, da nicht zur Eintragung gehörend.
12.06.1989 Publishing
authority: SHAB.
Title Name
President Rudolf
Schild, Origin: Basel, Brienz BE, Switzerland, Residential address: Basel,
Switzerland, single signature
Director Beat
Schild, Origin: Basel, Switzerland, Residential address: 6312 Steinhausen,
Switzerland, single signature
Title Name
General
Manager Beat
Schild, Origin: Basel, Switzerland, Residential address: 6312 Steinhausen,
Switzerland, single signature
Title Name
Auditor May Treuhand
AG, Residential address: Muttenz, Switzerland, Id: CH-280.3.915.630-1,
Registered since: 23.09.2010
Title Name
Chief
Executive Officer Beat
Schild
Owner: The company is in
family ownership.
Class: 50%
Type: direct
Name: Beat Schild
City/Country: Steinhausen/ZG, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 50%
Type: direct
Name: Rudolf Schild
City/Country: Basel/BS, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 100%
Name: MOON HandelsgmbH
City/Country: Rum, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest
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.
Rudolf and Beat Schild are also owner of the Company Rudolf Schild
Lederwaren AG Basel.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
UK Pound |
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
-- |
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.