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Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
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Name : |
COMBITOOL AG |
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Registered Office : |
Im Neuegg 3,
8344 Bäretswil/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1987 |
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Com. Reg. No.: |
020.3.001.755-2
/ 287417 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company develops, designs and produces machines and tools for the
production of tubes |
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No. of Employees : |
25 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
Combitool
AG
Im Neuegg 3
8344 Bäretswil/ZH
Switzerland/CH
Telephone: 044
9392979
Fax: 044
9392514
Web site: http://www.combitool.ch
E-mail: office@combitool.ch
WIN Worldbox No.: CH0000355678
VAT-No.: CHE107379008
Established: 1987
History: 1992: Limited company
1987: Established from Henry Überegger
2012
Celebration
25 years
2011
Successful
introduction of complete 160 tpm lines for the production of ABL and PBL
laminate tubes.
2010
New
development of the BLM-3000 Body Maker for laminate tubes with plastic barrier
(PBL) and a production capacity of up to 160 tpm.
2009
In
May we receive the purchase order for the 100th CSM header.
2008
The
first inline laminate tube production system with ABL Bodymaker, Header und
Capper is sold.
2007
Combitool
builds and moves into its new own company building.
2006
CSM-16
redesigned to make 80 tpm (CSM-8 makes 40 tpm).
2005
The
first fully integrated Heading-Top Sealing-Capping system is ready.
2001
Development
of the CBM-16 Tube Capper to be integrated with the header.
1998
CSM-16
Tube Header for 60 tpm introduced to the market.
1997
Combitool
becomes an associated member of the Tube Council.
1995
CSM-8
Tube Header developed for prototyping and small lots.
1993
Introduction
of the Combiseal top sealing system for tamper evident closure.
1992
Henry's
tool shop mutates to the incorporated company Combitool Ltd.
1987
Henry
Ueberegger founds his own tool shop.
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2899 Manufacture of
other special-purpose machinery n.e.c.
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2014
Employees: 25
Sales: CHF
9,500,000.--
The company
develops, designs and produces machines and tools for the production of tubes. She
is also a manufacturer of innovative machinery for the production of PBL and
ABL laminate tubes, tubes included Top-Seal closure and application.
Real Estate: It
is understood that the company owns certain property.
Company No: 020.3.001.755-2
/ 287417
Legal form: Company
limited by shares
Registration: 31.12.1991
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 22.01.1997
Date
of Statutes: 05.10.1994
Date
of Incorporation Statutes: 16.12.1991
Entry Deleted Name
31.12.1991 Combitool
Ltd
31.12.1991 Combitool
AG
31.12.1991 Combitool
SA
Entry Deleted Legal domicile
31.12.1991 Bäretswil,
Switzerland
Entry Deleted Address
02.04.2013 Im
Neuegg 3, 8344 Bäretswil/ZH, Switzerland/CH
10.06.2008 02.04.2013 Neuegg 3, 8344 Bäretswil, Switzerland/CH
31.12.1991 10.06.2008 Bettswilerstrasse 2, 8344 Bäretswil/ZH,
Switzerland/CH
Entry Deleted Capital
27.01.1997 Share
Capital CHF 300,000, paidup CHF 300,000
Entry Deleted Capital Structure
27.01.1997 300
Registered shares of CHF 1,000.--
Title Name
President Manfred
Zurkirch, Origin: Oberkirch, Switzerland, Residential address: Lachen,
Switzerland, joint signature of two, Registered since: 27.10.2014
Vice-President Peter
Theimer, Origin: Germany, Residential address: Rüti/ZH, Switzerland, joint
signature of two, Registered since: 27.10.2014
Director Christian
Skolnik, Origin: Dübendorf, Switzerland, Residential address: Weisslingen,
Switzerland, joint signature of two, Registered since: 27.10.2014
Title Name
General Manager Hans
Jörg Steurer, Origin: Wittnau,
Switzerland, Residential address: Bäretswil, Switzerland, single signature, Registered
since: 06.10.2010
Title Name
Auditor Rödl
& Partner AG, Residential address: Unterengstringen, Switzerland, Id:
CHE-113.897.435, Registered since: 27.10.2014
Title Name
Chief Executive Officer Hans Jörg Steurer (hans.steurer@combitool.ch)
Name: Brückner
Group GmbH
City/Country: Siegsdorf/Bayern,
Germany/DE
No. of Owner/-s: 1
Owner: The
company is privately owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Brückner
Group GmbH
City/Country: Siegsdorf/Bayern,
Germany/DE
Interest: 100,00%
voting right, 100,00% capital interest (since 22.10.2014)
Class: 100%
Type: direct
Name: PackSys
Global AG
City/Country: Rüti
ZH/ZH, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 22.10.2014)
Name: KMK
LIZENCE LTD
City/Country: PORT
LOUIS, Mauritius/MU
Name: MADAG
Printing Systems AG
City/Country: Fahrweid/ZH,
Switzerland/CH
Name: PackSys
Global (India) Private Limited
City/Country: Navi
Mumbai/Maharashtra, India/IN
Name: PackSys
Global (Thailand) Ltd
City/Country: Samutprakarn,
Thailand/TH
It is believed
that the company has no investments.
Control
date Year No. Amount
CHF Status
01.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 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 appears to be good.
Payment experiences: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
NIT |
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 |
-- |
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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.