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Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
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Name : |
PAUL REINHART AG |
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Registered Office : |
Technikumstrasse 82, P.O. Box 2259, 8401
Winterthur/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1788 |
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Com. Reg. No.: |
020.3.921.310-9 / 144961 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Subject is Cotton merchant · Engaged in sourcing and marketing of cotton & acts as an intermediary between growers and spinners, providing its customers quality assurance, logistics and documentation |
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No of Employees : |
Group - 145 employees
(Estimated) |
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 |
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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.
|
Source : CIA |
Paul Reinhart AG
Technikumstrasse 82
P.O. Box 2259
8401 Winterthur/ZH
Switzerland/CH
Telephone: 052
2648181
Fax: 052
2120055
Web
site: http://www.reinhart.com
E-mail: mail@reinhart.ch
VAT-No.: CHE102607231
Established: 1788
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Import, Export
Export
sales: 97,0%
Banks: ZKB Zürcher
Kantonalbank
CS Credit
Suisse
UBS Ltd
Organisation
level: Ultimate Parent
Coverage: Group
Figures: estimated
Employees: 145
The Company is a worldwide cotton merchant since 1788.
Engaged in sourcing and marketing of cotton & acts as an
intermediary between growers and spinners, providing its customers quality
assurance, logistics and documentation
The company sources its organic cotton from a number of regions (Uganda,
Turkey, India, Syria, USA, Egypt, West Africa).
Information on property ownership was not available.
Company
No: 020.3.921.310-9 / 144961
Legal
form: Company limited by
shares
Registration: 24.12.1953
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
28.03.1968
Date of
Statutes: 20.03.2012
Date of
Statutes: 28.05.1993
Date of
Statutes: 26.06.1991
Entry Deleted Name
active Paul
Reinhart AG
26.03.2012 Paul
Reinhart SA (Name translated)
26.03.2012 Paul
Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Technikumstrasse
82, 8400 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
10.07.1991 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
10.07.1991 Share Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
10.07.1991 10,000
Registered shares of CHF 100.--
07.06.1991 10.07.1991 500 Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
26.03.2012 Zweck der Gesellschaft ist der
Handel mit Agrarrohstoffen und -produkten, insbesondere mit Baumwolle, in
eigenem oder fremdem Namen sowie für eigene oder fremde Rechnung und die
Vermittlung von Handelsgeschäften aller Art. Die Gesellschaft kann sich im Bereiche
ihres Zweckes an anderen Unternehmungen beteiligen, Liegenschaften erwerben und
verkaufen und alle Geschäfte durchführen, die direkt oder indirekt damit im
Zusammenhang stehen.
10.07.1991 26.03.2012 Handel mit Rohbaumwolle in eigenem oder
fremdem Namen sowie für eigene oder fremde Rechnung und Vermittlung von
Handelsgeschäften aller Art; kann sich im Bereiche ihres Zweckes an anderen
Unternehmungen beteiligen sowie Liegenschaften erwerben und verkaufen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
14.10.2008 Merger:
Übernahme der Aktiven und Passiven der Cobatra AG, in Winterthur
(CH-020.3.905.615-1), gemäss Fusionsvertrag vom 25.09.2008 und Bilanz per
30.06.2008. Aktiven von CHF 164'216.00 und Passiven (Fremdkapital) von CHF
946.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
14.10.2008 Merger:
Übernahme der Aktiven und Passiven der Afcodi AG, in Winterthur
(CH-020.3.900.398-4), gemäss Fusionsvertrag vom 25.09.2008 und Bilanz per
30.06.2008. Aktiven von CHF 98'491.00 und Passiven (Fremdkapital) von CHF
147.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
22.06.1993 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
22.06.1993 Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief.
Title Name
President Jürg
Reinhart, Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Vice-President Thomas Paul
Reinhart, Origin: Winterthur, Switzerland, Residential address: Winterthur,
Switzerland, joint signature of two
Director Prof. Dr.
Ernst A. Brugger, Origin: Gossau ZH, Switzerland, Residential address: 8753
Mollis, Switzerland, joint signature of two
Director Matthias
Reinhart, Origin: Winterthur, Switzerland, Residential address: 8700 Küsnacht
ZH, Switzerland, joint signature of two
Title Name
Member
of the management Jürg Reinhart,
Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Member
of the management Rolf Stahel,
Origin: Elgg, Switzerland, Residential address: 8404 Winterthur, Switzerland,
joint signature of two
Member
of the management Ezio Vitali,
Origin: Winterthur, Switzerland, Residential address: 8400 Winterthur,
Switzerland, joint signature of two
Member
of the direction Ulrich Curt
Arbenz, Origin: Winterthur, Andelfingen, Switzerland, Switzerland, Residential
address: 8000 Zürich, Switzerland, joint signature of two
Member
of the direction Daniele
Ballestrin, Origin: Winterthur, Switzerland, Residential address: 8400
Winterthur, Switzerland, joint signature of two
Member
of the direction Marco
Bänninger, Origin: Rickenbach ZH, Switzerland, Residential address: 8352
Winterthur, Switzerland, joint signature of two, Registered since: 13.04.2011
Member
of the direction Petra
Bockhahn, Origin: Germany, Residential address: Büsingen, Germany, joint
signature of two
Member
of the direction Stefan
Brändli, Origin: Wald ZH, Switzerland, Residential address: 8400 Winterthur,
Switzerland, joint signature of two
Member
of the direction Raymond
Neuschwander, Origin: Bärschwil, Switzerland, Residential address: 8303
Bassersdorf, Switzerland, joint signature of two
Member
of the direction André
Paratte, Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two, Registered since: 26.03.2012
Member
of the direction Zeki Sahin,
Origin: Winterthur, Switzerland, Residential address: 8542 Wiesendangen,
Switzerland, joint signature of two
Member
of the direction Jürg Stahel,
Origin: Elgg, Switzerland, Residential address: 8542 Wiesendangen, Switzerland,
joint signature of two
Member
of the direction Daniel
Suter, Origin: Gränichen, Switzerland, Residential address: 8311 Brütten,
Switzerland, joint signature of two, Registered since: 13.04.2011
Member
of the direction Danny Van
Namen, Origin: Belgium, Residential address: 8400 Winterthur, Switzerland,
joint signature of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Winterthur, Switzerland, Id: CH-020.9.001.009-7
Title Name
Chief
Executive Officer Thomas
Paul Reinhart
Owner: The
company is in family ownership.
Class: 50-100%
Type: direct
Name: Jürg Reinhart
City/Country: Winterthur/ZH, Switzerland/CH
Class: 100%
Name: Reinhart Australia Pty
Limited
City/Country: Toowoomba, Australia/AU
Interest: 100,00% voting right, 100,00%
capital interest
Class: 100%
Name: Reinhart (Beijing)
Trading Co Ltd.
City/Country: Beijing, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Reinhart India Private
Limited
City/Country: NEW DELHI/Delhi, India/IN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: WINCOT AG
City/Country: Winterthur/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
21.04.2010 2010 0
21.04.2010 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 considered to be in order.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
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UK Pound |
1 |
Rs.102.40 |
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Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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.