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Report Date : |
04.10.2014 |
IDENTIFICATION DETAILS
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Name : |
PFISTERER SEFAG AG |
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Registered Office : |
Werkstrasse 7, 6102 Malters/LU |
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Country : |
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Year of Establishment : |
1957 |
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Com. Reg. No.: |
100.3.008.428-9/ 167353 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of cable systems, contact systems, transmission line
systems, catenary systems and security products. |
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No. of Employees : |
145 |
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
PFISTERER SEFAG AG
Operating address:
Werkstrasse 7
6102 Malters/LU
Switzerland/CH
Telephone: 041
4997272
Fax: 041
4972269
Web site: http://ch.pfisterer.com
E-mail: connect@sefag.ch
WIN Worldbox No.: CH0000204242
VAT-No.: CHE101498695
Established: 1957
Line of Business: Electro technology
Industry Division: Manufacturing
Industry-code (NACE): 2611 Manufacture of
electronic components
2712 Manufacture of electricity distribution
and control apparatus
Import/Export: Export
Quality certification: DIN EN 15085-2
OHSAS
18001:2007
ISO
9001:2008
ISO
14001:2004
Banks: UBS
Ltd
CS Credit
Suisse
Coverage: Company
Figures: estimated
Financial year: 2012
Employees: 145
Sales: EUR
55,947,000.--
The business activities includes the manufacture of cable systems,
contact systems, transmission line systems, catenary systems and security
products.
The products are used in the following areas:
- Power Generation
- Energy Supply
- Network Operators
- Train
- Industry
Real Estate: It
is understood that the company owns certain property.
Company No: 100.3.008.428-9
/ 167353
Legal form: Company
limited by shares
Registration: 20.01.1967
Legal status: active
Responsible Register: Handelsregister des Kantons Luzern
History: Date
of Statutes: 16.12.1997
Date of
Incorporation Statutes: 11.12.1957
Date of
Statutes: 15.05.2006
Date of
Statutes: 15.05.2005
Date of
Statutes: 19.12.2005
Date of
Statutes: 26.11.2003
Entry Deleted Name
23.12.2005 PFISTERER
SEFAG AG
23.12.2005 PFISTERER
SEFAG SA (Name translated)
23.12.2005 PFISTERER
SEFAG Ltd. (Name translated)
28.11.2003 Sefag AG
28.11.2003 Sefag Ltd. (Name translated)
28.11.2003 Sefag SA (Name translated)
28.11.2003 23.12.2005 SEFAG AG
28.11.2003 23.12.2005 SEFAG SA (Name translated)
28.11.2003 23.12.2005 SEFAG Ltd. (Name translated)
Entry Deleted Legal domicile
active Malters,
Switzerland
removed Adliswil, Switzerland
Entry Deleted Address
active Werkstrasse
7, 6102 Malters, Switzerland/CH
Entry Deleted Capital
01.06.2006 Share
Capital CHF 6,000,000, paidup CHF 6,000,000
Entry Deleted Capital Structure
01.06.2006 6,000
Registered shares of CHF 1,000.--
Title Name
President Hans Wicki,
Origin: Menznau, Horw, Switzerland, Residential address: 6052 Hergiswil /NW, Switzerland,
joint signature of two, Registered since: 11.01.2001
Vice-President Jörg Fries, Origin:
Horw, Luzern, Switzerland, Residential address: 6052 Hergiswil /NW,
Switzerland, joint signature of two, Registered since: 28.11.2003
Director Samuel
Ansorge, Origin: Buochs, Switzerland, Residential address: 8913 Ottenbach/ZH,
Switzerland, joint signature of two, Registered since: 23.12.2005
Title Name
Director Samuel
Ansorge, Origin: Buochs, Switzerland, Residential address: 8913 Ottenbach/ZH,
Switzerland, joint signature of two, Registered since: 23.12.2005
Director Jörg
Fries, Origin: Horw, Luzern, Switzerland, Residential address: 6052 Hergiswil
/NW, Switzerland, joint signature of two, Registered since: 28.11.2003
Member
with procuration Reto
Aeschbach, Origin: Staffelbach, Switzerland, Residential address: Schöftland,
Switzerland, joint power of attorney of two, Registered since: 30.04.2013
Member
with procuration Thomas
Allenspach, Origin: Kreuzlingen, Switzerland, Residential address: Besenbüren,
Switzerland, joint power of attorney of two, Registered since: 19.03.2014
Member
with procuration Wolfgang
Huiber, Origin: Austria, Residential address: Kriens, Switzerland, joint power
of attorney of two, Registered since: 23.12.2005
Member
with procuration Tilo Kubach,
Origin: Germany, Residential address: Mutlangen, Germany, joint power of
attorney of two, Registered since: 23.01.2014
Member
with procuration Michael
Müller, Origin: Luzern, Switzerland, Residential address: Luzern, Switzerland, joint
power of attorney of two, Registered since: 25.06.2013
Member
with procuration Bernhard
Niederberger, Origin: Wolfenschiessen, Switzerland, Residential address:
Engelberg, Switzerland, joint power of attorney of two, Registered since:
05.12.2011
Member
with procuration Manfred
Peter, Origin: Horw, Switzerland, Residential address: Horw, Switzerland, joint
power of attorney of two, Registered since: 12.09.2012
Member
with procuration Dr. Frank
Schmuck, Origin: Germany, Residential address: Eschenbach/LU, Switzerland,
joint power of attorney of two, Registered since: 13.06.2005
Member
with procuration Erwin
Steinmann, Origin: Ebersecken, Switzerland, Residential address: Wauwil,
Switzerland, joint power of attorney of two, Registered since: 19.03.2014
Title Name
Auditor BDO AG,
Residential address: Luzern, Switzerland, Id: CHE-384.263.558, Registered
since: 31.08.2005
Title Name
Chief
Executive Officer Hans
Wicki (hans_wicki@sefag.ch)
Chief
Business Segment Officer Jörg Fries
(joerg_fries@sefag.ch)
Name: Pfisterer Holding
Aktiengesellschaft
City/Country: Winterbach/Baden-Württemberg,
Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Pfisterer Holding
Aktiengesellschaft
City/Country: Winterbach/Baden-Württemberg,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Name: PFISTERER
International AG
City/Country: Malters/LU, Switzerland/CH
Name: Pfisterer
Kontaktsysteme GmbH
City/Country: Winterbach/Baden-Württemberg,
Germany/DE
Class: 100%
Name: Pfisterer (Pty.) Ltd.
City/Country: Pietermaritzburg, South
Africa/ZA
Interest: 100,00% voting right,
100,00% capital interest (since 2003)
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
12.06.2009 2009 0
12.06.2009 2008 0
12.06.2009 2007 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
is in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.75 |
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1 |
Rs.100.07 |
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Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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 |
-- |
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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.