|
Report No. : |
314240 |
|
Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FREWITT FABRIQUE DE MACHINES S.A. |
|
|
|
|
Registered Office : |
Route du Coteau 7, 1763 Granges-Paccot/FR |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
1946 |
|
|
|
|
Com. Reg. No.: |
217.0.130.532-0 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
80 |
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 : |
Unknown |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Frewitt fabrique
de machines S.A.
Route du Coteau 7
1763
Granges-Paccot/FR
Switzerland/CH
Telephone: 026
4607400
Fax: 026
4607401
Web
site: http://www.frewitt.com
E-mail: info@frewitt.com
WIN
Worldbox No.: CH0000837545
VAT-No.: CHE-103.808.536 MWST
UID-No.: CHE103808536
Established: 1946
History: 1946: Established from Frédéric Wittwer
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2893 Manufacture of machinery for food,
beverage and tobacco processing
2899 Manufacture of other special-purpose
machinery n.e.c.
Import/Export: Export
Export
sales: 85,0%
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 80
Sales: CHF 22,000,000.--
The company has been developing and
manufacturing mills in Switzerland since 1946, mills that are critical
components in the crushing and grinding processes in the pharmaceutical,
chemical and food product industries. They offer high-tech sieving,
homogenization, deagglomeration, conveying, dosing and filling solutions for
powders and granulates of every type.
Information on property ownership was not
available.
Company
No: 217.0.130.532-0
UID-No.: CHE103808536
Legal
form: Company limited by
shares
Registration: 25.07.1960
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
History: Date of Statutes:
23.09.1986
Date of
Statutes: 30.06.1960
Date of
Statutes: 25.08.1995
Date of
Incorporation Statutes: 29.06.1948
Date of
Statutes: 07.12.2001
Entry Deleted Name
active Frewitt
fabrique de machines SA
active Frewitt
Maschinenfabrik AG (Name translated)
active Frewitt
Engineering Works Ltd (Name translated)
active Frewitt
Fábrica de máquinas SA (Name translated)
active Frewitt
Fabbrica di macchine SpA (Name translated)
Entry Deleted Legal domicile
active Granges-Paccot,
Switzerland
Entry Deleted Address
active Route
du Coteau , 1763 Granges-Paccot, Switzerland/CH
Entry Deleted Capital
11.12.2001 Share
Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
11.12.2001 50,000
Registered shares of CHF 10.--
Entry Deleted Activity
active Manufacture,
sale, purchase and export of machinery and equipment of all kinds. It is
authorized to participate in other Swiss and foreign companies.
Entry Deleted Remarks
active Publishing
authority: SHAB Swiss Gazette.
active Shares:
Restriction of transferability of shares.
11.12.2001 Reports:
Communication to shareholders: registered letter.
Title Name
President Monique
Antiglio-Wittwer
Citizen:
St-Ours, Switzerland
Residential
address: Fribourg, Switzerland
single
signature
Director Clovis
Louis Galley
Citizen: Hauterive, France
Residential
address: Hauterive, France
joint
signature of two, Restricted signatory powers
Registered
since: 08.03.2011
Director Antoine
Virdis
Citizen:
Fribourg, Switzerland
Residential
address: Ferpicloz, Switzerland
joint
signature of two
Registered
since: 19.04.2012
Title Name
Auditor Fiduciaire
Lambelet Société Anonyme Fida
Residential
address: Lausanne
Id:
CH-550-1006816-6
Title Name
Chief
Executive Officer Antoine
Virdis (a.virdis@frewitt.com)
Chief
Financial Officer Clovis
Louis Galley (c.galley@frewitt.com)
Chief
Sales Officer Roy
Housh (r.housh@frewitt.com)
Name: Frewitt Holding SA
City/Country: Granges-Paccot/FR,
Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Frewitt Holding SA
City/Country: Granges-Paccot/FR,
Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: FreNuc SA
City/Country: Granges-Paccot/FR,
Switzerland/CH
Name: FREWITT TRACK AND
TRACE SA
City/Country: Corminboeuf/FR, Switzerland/CH
Class: 100%
Name: Frewitt Pharma
Machinery (China) Co Ltd
City/Country: Shanghai, China/CN
Interest: 100,00% voting right, 100,00%
capital interest
Class: 30-39%
Name: PHARM ALLIANCE
City/Country: GIF SUR YVETTE CEDEX, France/FR
Interest: 30,00% voting right,
30,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
09.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
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.
The company is not listed in the
WorldCompliance database.
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.59 |
|
|
1 |
Rs. 92.45 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.