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Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
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Name : |
STUTZER & CO
AG |
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Registered Office : |
Baumackerstrasse 24, Postfach 8050
Zürich/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1964 |
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Com. Reg. No.: |
020.3.003.511-8 / 314674 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Engaged in importer and distributor of foodstuffs, raw materials and additives for the food industry · Engaged in wholesaling other food, including fish, crustaceans and molluscs · Engaged in Non-specialised wholesaling food, beverages and tobacco · Subject product ranges includes Aormas, Arichoke, Beer, Beans, Calamares, Mushrooms, Shrimps, Desserts, Fish, Vinegar, Ethnic Food, Fruits, Rice, Snacks & Convenience Products |
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No of Employees : |
28 (Approximately) |
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) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
|
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.
|
Source : CIA |
Stutzer & Co AG
Baumackerstrasse 24
Postfach
8050 Zürich/ZH
Switzerland/CH
Telephone: 044
3155656
Fax: 044
3155600
Web
site: http://www.stutzer.ch
E-mail: info@stutzer.ch
VAT-No.: CHE101415597
Established: 1964
History: 1993: Limited company
1964: Established from Emil Stutzer
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4638 Wholesale of other food, including fish,
crustaceans and molluscs
4639 Non-specialised wholesale of food,
beverages and tobacco
Import/Export: Import
Export
sales: 100,0%
Quality
certification: ISO 22000
Banks: CREDIT SUISSE (4),
Paradeplatz 8, 8070 Zürich, Swift: CRESCHZZ80A
Organisation
level: Ultimate Parent
Coverage: Company
Figures: approximately
Employees: 28
Sales: CHF 10-20 Mio
Branches: 1
The company specialises in the import and distribution of foodstuffs, raw materials and additives for the food industry. Imports about 3'300 articles from the whole world. Products: Aormas, Arichoke, Beer, Beans, Calamares, Mushrooms, Shrimps, Desserts, Fish, Vinegar, Ethnic Food, Fruits, Rice, Snacks & Convenience Products
Information on property ownership was not available.
Company
No: 020.3.003.511-8 / 314674
Legal
form: Company limited by
shares
Registration: 01.03.1993
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
08.06.2005
Date of
Statutes: 29.09.1998
Date of
Incorporation Statutes: 19.02.1993
Entry Deleted Name
01.03.1993 Stutzer
& Co AG
Entry Deleted Legal domicile
01.03.1993 Zürich,
Switzerland
Entry Deleted Address
23.04.1998 Baumackerstrasse
24, 8050 Zürich/ZH, Switzerland/CH
01.03.1993 23.04.1998 Seminarstrasse 28, 8042 Zürich/ZH,
Switzerland/CH
Entry Deleted Capital
15.09.2005 Share
Capital CHF 2,500,000, paidup CHF 2,500,000
05.11.1998 15.09.2005 Share Capital CHF 5,000,000, paidup CHF
5,000,000
01.03.1993 05.11.1998 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
15.09.2005 5,000
Registered shares of CHF 500.--
05.11.1998 15.09.2005 5,000 Registered shares of CHF 1,000.--
01.03.1993 05.11.1998 1,000 Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
01.03.1993 Handel
mit Lebensmitteln und Waren aller Art; kann sich an anderen Unternehmungen
beteiligen sowie Liegenschaften im In- und Ausland erwerben.
Entry Deleted Remarks (original Language)
15.09.2005 Shares:
Bei der Kapitalherabsetzung vom 08.06.2005 wird der Nennwert der 5'000
Namenaktien zu CHF 1'000.-- auf CHF 500.-- herabgesetzt und je CHF 500.-- pro
Aktie zurückbezahlt; die Beachtung der gesetzlichen Vorschriften von Art. 734
OR wird mit öffentlicher Urkunde vom 26.08.2005 festgestellt.
01.03.1993 Publishing
authority: SHAB.
01.03.1993 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten
beschränkt.
01.03.1993 Contribution
in kind/Asset takeover: Übernimmt bei der Gründung das Geschäft der
Kollektivgesellschaft Stutzer & Co, in Zürich, gemäss Übernahmebilanz per
31.12.1992, mit Aktiven von CHF 12'744'170.87 und Passiven von CHF
10'744'170.87, wofür die Einleger 1'000 Namenaktien zu CHF 1'000.-- erhalten
und ihnen CHF 1'000'000.-- gutgeschrieben werden.
01.03.1993 Reports:
Alle Mitteilungen der Gesellschaft an die Aktionäre erfolgen rechtsgültig durch
eingeschriebenen Brief an die letztgemeldete Adresse der Aktionäre.
Title Name
President,
Chief Executive Yves Bondolfi, Origin: Poschiavo, Switzerland,
Residential address: Wangen-Brüttisellen, Switzerland, joint signature of two
Director Bruno Battaini, Origin: Zürich, Switzerland,
Residential address: 7260 Davos/GR, Switzerland, joint signature of two
Director Franz Frey, Origin: Vilters-Wangs, Switzerland,
Residential address: 8807 Freienbach/SZ, Switzerland, joint signature of two
Title Name
Member
with procuration Christian
Anex, Origin: Ollon, Switzerland, Residential address: Pully, Switzerland,
joint power of attorney of two
Member
with procuration Robert Düggelin, Origin: Wangen SZ, Switzerland,
Residential address: Altendorf, Switzerland, joint power of attorney of two
Member
with procuration Jakob Mock, Origin: Schwellbrunn, Switzerland,
Residential address: Dübendorf, Switzerland, joint power of attorney of two
Member
with procuration Mauricio Sanchez, Origin: Spain, Residential address:
Regensdorf/ZH, Switzerland, joint power of attorney of two
Member
with procuration Peter Signer,
Origin: Appenzell, Switzerland, Residential address: Wiesendangen, Switzerland,
joint power of attorney of two
Title Name
Auditor Peter
Leuthold AG für Wirtschaftsprüfung und Beratung, Residential address: Zürich,
Switzerland
Title Name
Chief
Executive Officer Yves Bondolfi (yves.bondolfi@stutzer.ch)
Chief
Business Segment Officer Robert Düggelin (robert.dueggelin@stutzer.ch)
Chief
Business Segment Officer Jakob Mock (jakob.mock@stutzer.ch)
Chief
Business Segment Officer Mauricio Sanchez (mauricio.sanchez@stutzer.ch)
Chief
Accounting Officer Peter
Signer (peter.signer@stutzer.ch)
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Type: direct
Name: Yves Bondolfi
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Prefoods AG
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
05.07.2012 2012 0
05.07.2012 2011 0
05.07.2012 2010 0
05.07.2012 2009 0
05.07.2012 2008 0
25.05.2009 2007 0
25.05.2009 2006 0
25.05.2009 2005 0
14.12.2007 2004 0
14.12.2007 2003 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.
Debt Collection Case:
NOV 2010: CHF 42'072.00.
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
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
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UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
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 |
|
-- |
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.