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Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
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Name : |
GIETZ AG |
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Registered Office : |
Mooswiesstrasse 20 9200 Gossau/SG Switzerland/CH |
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Country : |
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Date of Incorporation : |
31.12.2010 |
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Com. Reg. No.: |
320.3.068.474-0 / 1004865 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of machinery for paper and paperboard production |
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No. of Employees |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
GIETZ AG
Operating
address:
Mooswiesstrasse 20
9200 Gossau/SG
Switzerland/CH
Telephone: 071
3851322
Fax: 071
3882223
Web
site: http://www.gietz.com
E-mail: info@gietz.ch
WIN
Worldbox No.: CH0008866438
VAT-No.: CHE325162229
Established: 1892
History: 1892: Established from Johann Friedrich Gietz
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2895 Manufacture of machinery for paper and
paperboard production
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 75
The company carries out its production
exclusively in Switzerland and offers the following products:
- Foil stamping machines, sheet fed
- Foil stamping machines, web fed,
- Hologram-application machines for security
printing
- Erecting and gluing machines for conical
trays made of cardboard and corrugated board
Information on property ownership was not
available.
Company
No: 320.3.068.474-0 /
1004865
Legal
form: Company limited
by shares
Registration: 31.12.2010
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen (since 31.12.2010)
History: Date of Statutes:
07.06.2011
Date of
Incorporation Statutes: 20.12.2010
Entry Deleted Name
31.12.2010 Gietz
AG
Entry Deleted Legal domicile
31.12.2010 Gossau
(SG), Switzerland
Entry Deleted Address
31.12.2010 Mooswiesstrasse
20, 9200 Gossau/SG, Switzerland/CH
Entry Deleted Capital
14.06.2011 Share
Capital CHF 500,000, paidup CHF 500,000
31.12.2010 14.06.2011 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
14.06.2011 500
Registered shares of CHF 1,000.--
31.12.2010 14.06.2011 100 Registered shares of CHF 1,000.--
Title Name
President Hansjörg Gietz,
Origin: Zürich, Switzerland, Residential address: 8307 Effretikon
(Illnau-Effretikon), Switzerland, joint signature of two, Registered since:
31.12.2010
Director Patrick
Gietz, Origin: Zürich, Switzerland, Residential address: 8123 Ebmatingen
(Maur), Switzerland, joint signature of two, Registered since: 31.12.2010
Director Claudia
Gietz Viehweger, Origin: Zürich, Switzerland, Residential address: 9100
Herisau, Switzerland, joint signature of two, Registered since: 31.12.2010
Title Name
Member
with procuration Dieter
Seitz, Origin: Germany, Residential address: 9327 Tübach, Switzerland, joint
power of attorney of two, Registered since: 05.07.2011
Title Name
Auditor Treuhand-
und Revisionsgesellschaft Mattig-Suter und Partner, Residential address:
Schwyz, Switzerland, Id: CH-130.0.000.585-9, Registered since: 31.12.2010
Title Name
Chief
Sales Officer Dieter
Seitz (dieter.seitz@gietz.ch)
Name: Gietz Holding AG
City/Country: Gossau/SG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Gietz Holding AG
City/Country: Gossau/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Gietz & Co AG
City/Country: Dietlikon/ZH, Switzerland/CH
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
22.02.2013 2013 0
22.02.2013 2012 0
22.02.2013 2011 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: Payments are made with arranged
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
-- |
|
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.