MIRA INFORM REPORT
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Report No. : |
316978 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
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Name : |
JAKOB MÜLLER AG FRICK |
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Registered Office : |
Schulstrasse 14 5070 Frick/AG |
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Country : |
Switzerland |
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Date of Incorporation : |
1887 |
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Com. Reg. No.: |
400.3.924.219-7 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Development and production of technology solutions for the band and
narrow textile industry. Products are various machines and technologies for
tape and narrow fabrics. |
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No. of Employee : |
520 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
Company
name and address
JAKOB MÜLLER AG FRICK
Operating
address:
Schulstrasse 14
5070 Frick/AG
Switzerland/CH
Telephone: 062
8655111
Fax: 062
8655777
Web
site: http://www.mueller-frick.com
E-mail: jmf@mueller-frick.com
WIN
Worldbox No.: CH0000111536
VAT-No.: CHE-106.013.272 MWST
UID-No.: CHE106013272
Profile
Established: 1887
History: 1887: Established from Jakob Müller
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2829 Manufacture of other general-purpose
machinery n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2008 (since
1997)
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 520
Sales: CHF 200,000,000.--
Activity
The business activities includes the
development and production of technology solutions for the band and narrow
textile industry. Products are various machines and technologies for tape and
narrow fabrics. The company is globally represented on 4 continents with 11
subsidiaries, 6 of them with own production, also service centers and sales
agencies in over 70 countries worldwide.
Real
Estate
Real
Estate: It is understood
that the company owns certain property.
Company
Register
Company
No: 400.3.924.219-7
UID-No.: CHE106013272
Legal
form: Company limited by
shares
Registration: 11.12.1968
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Aargau
History: Date of Statutes:
10.11.2005
Date of
Statutes: 15.11.1994
Date of
Statutes: 27.11.1968
Entry Deleted Name
14.11.2005 Jakob
Müller AG Frick
12.03.1991 14.11.2005 Jakob Müller AG Maschinenfabrik
Entry Deleted Legal domicile
12.03.1991 Frick,
Switzerland
Entry Deleted Address
12.03.1991 Schulstrasse
14, 5070 Frick/AG, Switzerland/CH
Entry Deleted Capital
12.03.1991 Share
Capital CHF 2,000,000, paidup CHF 2,000,000
Entry Deleted Capital Structure
12.03.1991 2,000
Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Christian
Kuoni
Citizen:
Maienfeld, Switzerland
Residential
address: Zeiningen, Switzerland
joint
signature of two
Registered
since: 16.04.1993
Director Ruth
Bühler
Citizen:
Menznau, Switzerland
Residential
address: Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 16.04.1993
Management
Title Name
Member
of the management Bruno Bolliger
Citizen:
Gontenschwil, Switzerland
Residential
address: 5105 Auenstein/AG, Switzerland
joint
signature of two
Registered
since: 15.01.2010
Member
of the management Bernhard Engesser
Citizen:
Wängi, Switzerland
Residential
address: 5524 Niederwil /SG, Switzerland
joint
signature of two
Registered
since: 15.01.2010
Member
of the management Robert Reimann
Citizen:
Wölflinswil, Switzerland
Residential
address: Münchwilen/AG, Switzerland
joint
signature of two
Registered
since: 22.09.2011
External
Positions
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Basel, Switzerland
Id:
CHE-393.441.652
Registered
since: 18.10.2000
Executive
board
Title Name
Chief
Executive Officer Christian
Kuoni
Ultimate
Parent Company
Name: Jakob Müller Holding
AG
City/Country: Frick/AG, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Jakob Müller Holding
AG
City/Country: Frick/AG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Bata-Park AG
City/Country: Frick/AG, Switzerland/CH
Name: JAKOB MUELLER HONG
KONG CHINA LIMITED
City/Country: Kowloon/Hong Kong, Hong Kong/HK
Name: Jakob Müller Brasil
Ltda
City/Country: Sao Paulo, Brazil/BR
Name: Jakob Müller de Mexico
SA de CV
City/Country: Mexico, Mexico/MX
Name: Jakob Müller
Deutschland GmbH
City/Country: Schwelm, Germany/DE
Name: Jakob Müller
Immobilien AG
City/Country: Frick/AG, Switzerland/CH
Name: JAKOB MULLER
(INDIA)PRIVATE LIMITED
City/Country: BANGALORE/Karnataka, India/IN
Name: Jakob Müller Italiana
SpA
City/Country: Lainate/Milano, Italy/IT
Name: Jakob Müller Machinery
(China) Co Ltd
City/Country: Suzhou/Jiangsu Province,
China/CN
Name: Jakob Müller Nippon KK
City/Country: Fukui, Japan/JP
Name: Jakob Müller of
America Inc
City/Country: Charlotte/North Carolina, United
States of America/US
Name: Jakob Müller
Česká republika A.S.
City/Country: Kadaň, Czech/CZ
Name: TexTrace AG
City/Country: Frick/AG, Switzerland/CH
Investments
It is believed that the company has no
investments.
Financials
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Legal
Actions
Control date Year No. Amount CHF Status
23.09.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 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
31.12.2006 2006 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.
Sanctions
List
The company is not listed in the
WorldCompliance database.
Payment
experiences
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.
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 considered to be in order.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.37 |
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|
1 |
Rs.92.44 |
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Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
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.