MIRA
INFORM REPORT
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Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
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Name : |
W. KÜNDIG & CIE AG |
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Registered Office : |
Stampfenbachstrasse 38 8006 Zürich/ZH |
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Country : |
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Date of Incorporation : |
07.09.1961 |
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Com. Reg. No.: |
020.3.915.379-4 / 332727 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject includes sales of food products such as dried goods,
deep-frozen goods and grains / legumes / oil seeds |
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No. of Employees |
23 |
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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Switzerland |
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
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Source
: CIA |
Company name
W. KÜNDIG &
CIE AG
Operating address
Stampfenbachstrasse
38
8006 Zürich/ZH
Switzerland/CH
Telephone: 044
3682525
Fax: 044
3682505
Web
site: http://www.kuendig.com
E-mail: info@kuendig.com
WIN
Worldbox No.: CH0002610198
VAT-No.: CHE102206323
Profile
Established: 1920
History: 1920: Established from Willy Kündig
Line
of Business: Financial services,
Consumer goods wholesale
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 6420 Activities of holding companies
4639 Non-specialised wholesale of food,
beverages and tobacco
4649 Wholesale of other household goods
Import/Export: Import, Export
Export
sales: 30,0%
Import
purchase: 90,0%
Banks: ZKB Zürcher
Kantonalbank
UBS Ltd
Migros Bank
Coop Bank
Organisation
level: Ultimate Parent
Operational Figures
Coverage: Company
Figures: approximately
Employees: 23
Activity
The business activities includes sales of
food products such as dried goods, deep-frozen goods and grains / legumes / oil
seeds, which are manufactured within the group Kündig. In addition, the company
also offers packages such as cans, jars, folding boxes and blister wraps.
The main importing countries are: Hungary,
America, China.
Real Estate
Information on property ownership was not
available.
Company Register
Company
No: 020.3.915.379-4 /
332727
Legal
form: Company limited
by shares
Registration: 07.09.1961
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
07.12.1982
Date of
Statutes: 21.06.2001
Date of
Statutes: 27.01.1994
Entry Deleted Name
29.06.2001 W.
Kündig & Cie AG
10.03.1994 W. Kündig & Cie AG
10.03.1994 29.06.2001 W. Kündig Holding AG
Entry Deleted Legal domicile
29.06.2001 Zürich,
Switzerland
10.03.1994 Zürich, Switzerland
10.03.1994 29.06.2001 Zollikon, Switzerland
Entry Deleted Address
29.06.2001 Stampfenbachstrasse
38, 8006 Zürich/ZH, Switzerland/CH
10.03.1994 Stampfenbachstrasse 38, 8006 Zürich,
Switzerland/CH
06.03.1998 29.06.2001 c/o Peter Küpfer, Rotfluhstrasse 83, 8702
Zollikon/ZH, Switzerland/CH
10.03.1994 06.03.1998 c/o Beat Willy Kündig, Wybüelstrasse 19, 8702
Zollikon/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,500,000, paidup CHF 1,500,000
Entry Deleted Capital Structure
active 1,500
Registered shares of CHF 1,000.--
Official Administration
Title Name
President Beat Willy
Kündig, Origin: Wila, Switzerland, Residential address: Küsnacht/ZH,
Switzerland, born: 06.11.1952, joint signature of two
Director Bruno
Höltschi, Origin: Altwis, Switzerland, Residential address: Steinhausen,
Switzerland, joint signature of two, Registered since: 01.11.2012
Director Nicole
Jeanine Kündig, Origin: Wila, Switzerland, Residential address: Küsnacht/ZH,
Switzerland, joint signature of two, Registered since: 10.03.1994
Director Walter
Stürzinger, Origin: Zürich, Switzerland, Residential address: Erlenbach/ZH,
Switzerland, without signature, Registered since: 30.10.2003
Director Dr.
Helmut Wolf, Origin: Germany, Residential address: Grafing bei München,
Germany, joint signature of two, Registered since: 20.12.2006
Management
Title Name
General
Manager Heinz
Wunderlin, Origin: Mumpf, Switzerland, Residential address: Baden, Switzerland,
joint signature of two, Registered since: 19.09.2001
Company
Secretary Nicole Jeanine
Kündig, Origin: Wila, Switzerland, Residential address: Küsnacht/ZH,
Switzerland, joint signature of two, Registered since: 10.03.1994
Member
with procuration Marcel
Berchtold, Origin: Zürich, Uster, Switzerland, Residential address:
Illnau-Effretikon, Switzerland, joint power of attorney of two, Registered
since: 19.09.2001
Member
with procuration Daniel
Bosson, Origin: Rue, Switzerland, Residential address: Zürich/ZH, Switzerland,
joint power of attorney of two, Registered since: 19.09.2001
Member
with procuration Thierry
Faden, Origin: Ohmstal, Switzerland, Residential address: Nürensdorf,
Switzerland, joint power of attorney of two, Registered since: 19.09.2001
Member
with procuration Kurt Felder,
Origin: Escholzmatt, Switzerland, Residential address: Seuzach, Switzerland,
joint power of attorney of two, Registered since: 14.04.2011
Member
with procuration Rita Hayoz,
Origin: Düdingen, Bösingen, Switzerland, Residential address: Schmitten/FR,
Switzerland, joint power of attorney of two, Registered since: 19.09.2001
Member
with procuration Marc Remo
Kündig, Origin: Wila, Switzerland, Residential address: Küsnacht/ZH,
Switzerland, joint power of attorney of two, Registered since: 16.10.2009
Member
with procuration Gisela
Müller, Origin: Kradolf-Schönenberg, Switzerland, Residential address: Arbon,
Switzerland, joint power of attorney of two, Registered since: 10.04.2014
External Positions
Title Name
Auditor TBO
Revisions AG, Residential address:
Executive board
Title Name
Chief
Executive Officer Heinz
Wunderlin
Owner/-s
Owner: The company is in
family ownership.
Investments
Class: 100%
Name: Interoma AG
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 2010)
Class: 100%
Name: W. Kündig GmbH
City/Country: Hamburg/Hamburg, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: W. Kündig Kft
City/Country: Piliscsaba, Hungary/HU
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Name: BIOSTERIL GmbH &
Co. KG
City/Country: Ritschenhausen/Thüringen,
Germany/DE
Class: 50-100%
Name: Kündig Nahrungsmittel
GmbH & Co.KG Deutschland
City/Country: Ritschenhausen/Thüringen,
Germany/DE
Legal Actions
Control date Year No. Amount CHF Status
20.10.2010 2010 0
20.10.2010 2009 0
20.10.2010 2008 0
20.10.2010 2007 0
20.10.2010 2006 0
20.10.2010 2005 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.
Credit Information
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.60.19 |
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1 |
Rs.98.65 |
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Euro |
1 |
Rs.78.63 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIS |
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.