|
Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LB NUTS AG |
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Registered Office : |
Weissbadstrasse 14 9050 Appenzell/AI |
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Country : |
Switzerland |
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Date of Incorporation : |
23.11.2005 |
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Com. Reg. No.: |
310.3.001.247-8 / 666392 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Trading and sale of food of all kinds, especially of snack products |
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correcr |
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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 |
LBNuts
AG
Operating
address:
Weissbadstrasse 14 Branch:
9050 Appenzell/AI Impasse
Colombelle 8
Switzerland/CH 1218
Le Grand-Saconnex/GE
Switzerland/CH
Telephone: 071
7801774 022
7883560
WIN
Worldbox No.: CH0005417335
VAT-No.: CHE109478549
Established: 2002
Line
of Business: Consumer goods
wholesale, Consumer markets/Department stores
Industry
Division: Wholesale trade,
Retail trade
Industry-code (NACE): 4638 Wholesale of other food, including fish,
crustaceans and molluscs
4729 Other retail sale of food in specialised
stores
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 10
The business activities includes trading and
sale of food of all kinds, especially of snack products.
Information on property ownership was not
available.
Company
No: 310.3.001.247-8 /
666392
Legal
form: Company limited
by shares
Registration: 23.11.2005
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Appenzell I. Rh.
History: Date of Statutes:
10.10.2003
Date of
Statutes: 08.11.2002
Date of
Incorporation Statutes: 29.01.2002
Date of
Statutes: 21.12.2010
Date of
Statutes: 04.04.2007
Date of
Statutes: 23.12.2005
Date of
Statutes: 10.11.2005
Entry Deleted Name
21.12.2010 LBNuts
AG
21.12.2010 The Lorenz Bahlsen Snack-World AG
(Switzerland)
Entry Deleted Legal domicile
23.11.2005 Schwende,
Switzerland
23.11.2005 Winterthur, Switzerland
Entry Deleted Address
04.01.2006 Weissbadstrasse
14, 9050 Appenzell, Switzerland/CH
23.11.2005 Merkurstrasse 25, 8400 Winterthur/ZH,
Switzerland/CH
23.11.2005 04.01.2006 c/o Treuhand Fässler & , Partner Appenzell
AG, Weissbadstrasse 14, 9050 Appenzell/AI, Switzerland/CH
Entry Deleted Capital
19.04.2006 Share
Capital CHF 5,670,000, paidup CHF 5,670,000
Entry Deleted Capital Structure
19.04.2006 6,300
Registered shares of CHF 900.--
Entry Deleted Activity (original Language)
active Handel
und Vertrieb von Nahrungs- und Genussmitteln aller Art, insbesondere von
Snackprodukten, in der Schweiz und in allen anderen Ländern; kann alle
Handlungen vornehmen, die unmittelbar oder mittelbar diesem Gegenstand dienen
oder ihn zu fördern geeignet sind, im In- und Ausland Zweigniederlassungen
errichten und sich an anderen Unternehmen mit einem gleichen oder ähnlichen
Geschäftszweck im In- und Ausland beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Reports: Die Mitteilungen an die Aktionäre erfolgen
durch Brief an die im Aktienbuch eingetragenen Aktionäre.
active Shares: Die Übertragbarkeit der Namenaktien ist
beschränkt nach Massgabe der Statuten.
19.04.2006 Capital: Bei der Kapitalherabsetzung vom 23.12.2005
wird der Nennwert der 6'300 Namenaktien zu CHF 1'000.-- auf CHF 900.--
herabgesetzt und je CHF 100.-- pro Aktien zurückbezahlt; die Beachtung der
gesetzlichen Vorschriften von Art. 734 OR wird mit öffentlicher Urkunde vom
23.3.2006 festgestellt.
Title Name
President Lorenz
Bahlsen, Origin: Germany, Residential address: Burgdorf, Germany, single
signature
Director Karl
Fässler, Origin: Appenzell, Switzerland, Residential address: 9050 Appenzell,
Switzerland, joint signature of two
Director Dr.
Elisabeth Roth Hauser, Origin: Worb, Herisau, Switzerland, Residential address:
8200 Schaffhausen, Switzerland, joint signature of two
Title Name
General
Manager Robert
Gerhard Jens Emrich, Origin: Germany, Residential address: Chavannes-des-Bois,
Switzerland, joint signature of two, Registered since: 25.01.2012
Member
with procuration Ute
Eberhardt, Origin: Germany, Residential address: 8500 Frauenfeld, Switzerland,
joint power of attorney of two, Registered since: 30.03.2011
Member
with procuration Stephan
William Hochstein, Origin: Germany, Residential address: Saint-Genis-Pouilly,
France, joint power of attorney of two, Registered since: 01.03.2010
Title Name
Auditor Treuhand
Fässler & Partner Appenzell AG, Residential address: Appenzell (Schwende),
Switzerland, Id: CH-310.3.000.584-8, Registered since: 14.02.2013
Name: Lorenz Snack-World
Holding GmbH
City/Country: Hannover/Niedersachsen,
Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Lorenz Snack-World
Holding GmbH
City/Country: Hannover/Niedersachsen,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no
investments.
Control date Year No.
10.12.2013 2013 0
10.12.2013 2012 0
10.12.2013 2011 0
10.12.2013 2010 0
10.12.2013 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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.102.31 |
|
Euro |
1 |
Rs.84.50 |
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.