|
Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HERZOG GRAPHICS ENGINEERING GMBH |
|
|
|
|
Registered Office : |
Rietstrasse 11 8317 Tagelswangen/ZH |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.07.1997 |
|
|
|
|
Com. Reg. No.: |
020.4.003.327-1 / 404853 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject realises projects with own IT developments and engineering
services for the graphic industry, especially for rotogravure in packaging,
security, decorative and transfer printing, as well as for the screen
printing and ceramic printing industries |
|
|
|
|
No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
HERZOG GRAPHICS ENGINEERING
GMBH
Rietstrasse 11
8317
Tagelswangen/ZH
Switzerland/CH
Telephone: 052
3551355
Fax: 052
3551359
Web
site: http://www.herzoggraphics.ch
E-mail: info@herzoggraphics.ch
WIN
Worldbox No.: CH0003181438
VAT-No.: CHE108447629
Established: 1985
Line
of Business: IT services,
Consulting/Auditing
Industry
Division: Services
Industry-code (NACE): 6201 Computer programming activities
6202 Computer consultancy activities
7022 Business and other management consultancy
activities
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 5
The company realises projects with own IT
developments and engineering services for the graphic industry, especially for
rotogravure in packaging, security, decorative and transfer printing, as well
as for the screen printing and ceramic printing industries. Besides standard
software and hardware, the software development team realises tailor made
solutions for clients at moderate cost. A side activity are Mergers &
Acquisitions in the gravure industry. Here they establish contacts and assist
sales and purchasing processes in the graphic sector.
Information on property ownership was not
available.
Company
No: 020.4.003.327-1 /
404853
Legal
form: Limited Liability
Company
Registration: 18.07.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Incorporation
Statutes: 09.07.1997
Entry Deleted Name
18.07.1997 Herzog
Graphics Engineering GmbH
Entry Deleted Legal domicile
18.07.1997 Lindau,
Switzerland
Entry Deleted Address
18.07.1997 Rietstrasse
11, 8317 Tagelswangen/ZH, Switzerland/CH
Entry Deleted Capital
18.07.1997 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
18.07.1997 2
Participation shares of CHF 10,000.--
Title Name
General
Partner Jakob
Herzog, Origin: Homburg, Switzerland, Residential address: Lindau/ZH, Switzerland,
single signature, Registered since: 18.07.1997
General
Partner Sylvia
Herzog-Kühne, Origin: Homburg, Switzerland, Residential address: Lindau/ZH,
Switzerland, single signature, Registered since: 18.07.1997
Title Name
General
Manager Sylvia
Herzog-Kühne, Origin: Homburg, Switzerland, Residential address: Lindau/ZH,
Switzerland, single signature, Registered since: 18.07.1997
Chairman
of the management Jakob Herzog,
Origin: Homburg, Switzerland, Residential address: Lindau/ZH, Switzerland,
single signature, Registered since: 18.07.1997
Title Name
Chief
Executive Officer Jakob
Herzog
No.
of Owner/-s: 2
Owner: The company is
privately owned.
Class: 50%
Type: direct
Name: Jakob Herzog
City/Country: Lindau/ZH, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest (since 18.07.1997)
Class: 50%
Type: direct
Name: Sylvia Herzog-Kühne
City/Country: Lindau/ZH, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest (since 18.07.1997)
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
31.07.2012 2012 0
31.12.2011 2011 2,011
31.12.2010 2010 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
is difficult to assess.
Payment
experiences: There are no unfavourable
reports regarding the financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
|
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 |
|
|
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 |
|
|
<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.