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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
WERNER MATHIS AG |
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Registered Office : |
Rütisbergstrasse 3 8156 Oberhasli/ZH |
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Country : |
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Date of Incorporation : |
10.06.1969 |
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Com. Reg. No.: |
020.3.916.373-0 / 114366 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
60 |
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 |
Werner Mathis AG
Rütisbergstrasse 3
8156 Oberhasli/ZH
Switzerland/CH
Telephone: 044
8525050
Fax: 044
8506707
Web
site: http://www.mathisag.com
E-mail: info@mathisag.com
WIN
Worldbox No.: CH0000234606
VAT-No.: CHE106958876
Established: 1968
History: 1968: Established from Werner Mathis
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Export
sales: 95,0%
Banks: CS Credit Suisse
UBS Ltd
ZKB Zürcher
Kantonalbank
Organisation
level: Ultimate Parent
Coverage: Company
Employees: 60
Sales: CHF 17,000,000.--
The business activities includes the
manufacture and sale of laboratory equipment for the textile industry, and
general equipment manufacture.
Real
Estate: The company owns
buildings.
Company
No: 020.3.916.373-0 /
114366
Legal
form: Company limited
by shares
Registration: 10.06.1969
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Incorporation
Statutes: 30.04.1969
Date of
Statutes: 07.12.2006
Date of
Statutes: 28.10.1996
Entry Deleted Name
active Werner
Mathis AG
Entry Deleted Legal domicile
active Niederhasli,
Switzerland
Entry Deleted Address
06.12.1996 Rütisbergstrasse
3, 8156 Oberhasli/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 90,000, paidup CHF 90,000
Entry Deleted Capital Structure
16.01.2007 9,000
Registered shares of CHF 10.--
Entry Deleted Activity
06.12.1996 Manufacture
and distribution of laboratory equipment for the textile industry as well as
manufacture of general equipment; may participate in other companies as well as
acquire, manage, and sell property.
Entry Deleted Remarks
active Publishing
authority: SHAB Swiss Gazette
06.12.1996 Shares:
The transfer of registered shares is restricted in accordance with the
statutes.
06.12.1996 Reports:
Communications by the Company to the shareholders are communicated by letter to
the registered in the share register addresses.
Title Name
President Werner
Mathis, Origin: Wolfenschiessen, Switzerland, Residential address: Niederhasli,
Switzerland, single signature
Director Robert
Görtz, Origin: Langwies, Switzerland, Residential address: Neerach,
Switzerland, single signature
Director Erwin
Schärer, Origin: Obersteckholz, Switzerland, Residential address: Dällikon,
Switzerland, single signature
Title Name
General
Manager Beat
Mathis, Origin: Wolfenschiessen, Switzerland, Residential address: Hochfelden,
Switzerland, single signature
Member
with signing authority Albert
Manser, Origin: Appenzell, Switzerland, Residential address: Winterthur/ZH, Switzerland,
single signature
Member
with procuration Clemens
Diesch, Origin: Germany, Residential address: Niederhasli, Switzerland, joint
power of attorney of two, Registered since: 14.12.2012
Member
with procuration Irene
Mathis, Origin: Wolfenschiessen, Switzerland, Residential address: Niederhasli,
Switzerland, joint power of attorney of two
Title Name
Auditor Vescofida
Wirtschaftsprüfungs GmbH, Residential address: Niederhasli, Switzerland, Id:
CH-020.4.019.102-2
Title Name
Chief
Executive Officer Beat
Mathis
Owner: The company is
privately owned.
Class: 100%
Name: Aparelhos de
laboratorio Mathis Ltda
City/Country: Cotia, Brazil/BR
Interest: 100,00% voting right,
100,00% capital interest (since 1982)
Class: 100%
Name: Mathis India Pvt. Ltd
City/Country: THANE/Maharashtra, India/IN
Interest: 100,00% voting right,
100,00% capital interest (since 2004)
Class: 100%
Name: Werner Mathis USA Inc
City/Country: Concord, United States of
America/US
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
14.01.2013 2013 0
14.01.2013 2012 0
01.04.2011 2011 0
01.04.2011 2010 0
01.04.2011 2009 0
01.04.2011 2008 0
01.04.2011 2007 0
01.04.2011 2006 0
26.10.2005 2005 0
26.10.2005 2004 0
26.10.2005 2003 0
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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.61.61 |
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|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
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.