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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
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Name : |
KM COMMODITIES AG |
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Registered Office : |
Mattstrasse 18 6052 Hergiswil/NW |
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Country : |
Switzerland |
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Date of Incorporation : |
20.11.2001 |
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Com. Reg. No.: |
100.3.008.532-4 /
124395 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of
grain, unmanufactured tobacco, seeds and animal feeds |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Exist |
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 |
|
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 |
KM COMMODITIES AG
Mattstrasse 18
6052 Hergiswil/NW
Switzerland/CH
Telephone: 041 6191000
Fax: 041 6120044
Web site: http://www.kmcommodities.ch
E-mail: info@kmcommodities.ch
WIN Worldbox No.: CH0000244224
VAT-No.: CHE107880627
Established: 1977
History: 1977:Established from
Karl Muggli senior
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4621Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds
Import/Export: Import
Quality certification: ISO 9001:2000
ISO 14001:2004
ISO 22000:2005
Banks: unknown
Coverage: Company
Employees: 13
The business activities includes trading in cereals, animal feed and
guiding principles.
Products:
- Grains: Soft wheat, hard wheat, barley, rye, oats, corn, triticale,
spelt/emmer, millet, amaranth, buckwheat,
rice/broken rice.
- Feed: Protein carrier, Starches, Amino acids, Mineral carrier, Fats,
Crude fibre carriers, Feeding lime, Energy
carriers.
- Sunflower seed kernels, sesame seed, linseed (flax) brown or yellow
(golden), pumpkin seed kernels, poppy seed (blue
poppy), hemp seeds, melon seed
kernels, buckwheat, dextrose monohydrate, wheat gluten, wheat starch,
pregalatinized
wheat flour (Purvit), malt flour
/ flavoring, Beans, lentils, peas, mustard seed brown and yellow, juniper
berries,
juniper concentrate, sultanas,
nuts, caraway seeds.
- Oilseeds: Sunflower seed kernels, soy beans, rape seed (canola),
linseed (flax), sesame seed, pumpkin seed kernel,
safflower
Information on property ownership was not available.
Company No: 100.3.008.532-4 / 124395
Legal form: Company limited by shares
Registration: 20.11.2001
Legal status: active
Responsible Register: Handelsregister des Kantons Nidwalden
History: Date of Incorporation
Statutes: 24.05.1977
Date of Statutes: 30.01.2014
Date of Statutes: 11.03.2009
Date of Statutes: 09.11.2001
Entry Deleted Name
31.01.2014 KM Commodities AG
31.01.2014 Karl Muggli AG
Entry Deleted Legal domicile
16.03.2009 Hergiswil (NW), Switzerland
20.11.2001 Nebikon, Switzerland
20.11.2001 16.03.2009 Stansstad,
Switzerland
Entry Deleted Address
16.03.2009 Mattstrasse 18, 6052
Hergiswil/NW, Switzerland/CH
20.11.2001 16.03.2009 Zielmatte
2, 6362 Stansstad/NW, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF
100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 100 Registered shares
of CHF 1,000.--
Title Name
Director Josef Paul
Fischer, Origin: Inwil, Switzerland,
Residential address: Hergiswil/NW, single signature, Registered since:
26.06.2013
Title Name
General Manager Marco Fischer, Origin:
Inwil, Switzerland, Residential address: Bergdietikon, Switzerland, single
signature, Registered since: 31.01.2014
Member with procuration Andreas Schönbächler, Origin:
Einsiedeln, Switzerland, Residential address: Stetten/AG, Switzerland, joint
power of attorney of two, Registered since: 17.06.2013
Title Name
Auditor Arnet
Treuhand AG, Residential address: Luzern, Switzerland, Id: CHE-113.249.414 ,
Registered since: 31.01.2014
Title Name
Chief Executive Officer Marco Fischer
(marco.fischer@kmcommodities.ch)
Chief Business Segment
Officer Andreas Schönbächler
(andreas.schoenbaechler@kmcommodities.ch)
Owner: The company is privately owned.
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control
date Year No. Amount
CHF Status
29.10.2013 2013 4 73,086.-- Opposition filed
29.10.2013 2012 0
29.10.2013 2011 0
29.10.2013 2010 0
29.10.2013 2009 0
09.11.2009 2008 0
09.11.2009 2007 0
09.11.2009 2006 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 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 difficult to
assess.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
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.