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Report No. : |
319179 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
J. CARL FRIDLIN GEWÜRZE AG |
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Registered Office : |
Bösch 61, 6331 Hünenberg/ZG |
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Country : |
Switzerland |
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Year of Establishment : |
1775 |
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Com. Reg. No.: |
170.3.005.851-7 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Condiments and Seasonings. |
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No. of Employees : |
67 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
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 |
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.
|
Source
: CIA |
J. Carl Fridlin Gewürze AG
Bösch 61
6331 Hünenberg/ZG
Switzerland/CH
Telephone: 041
7841122
Fax: 041
7841133
Web
site: http://www.fridlin.ch
E-mail: info@fridlin.ch
WIN
Worldbox No.: CH0000254599
VAT-No.: CHE-101.026.586 MWST
UID-No.: CHE101026586
Established: 1775
History: 1982: Limited company
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1084 Manufacture of condiments and seasonings
Import/Export: Export
Quality
certification: ISO 9001:2008
Banks: ZGKB Zuger
Kantonalbank
Coverage: Company
Financial
year: 2015
Employees: 67
The business activities includes the development
and research, processing, filling and packaging as well as trade and
distribution of spices.
Markets by customers: foodstuffs, meat,
baking and spice industries, food service, retail industry
Real
Estate: The company does
not appear to own any property.
Company
No: 170.3.005.851-7
UID-No.: CHE101026586
Legal
form: Company limited by
shares
Registration: 11.02.1982
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Incorporation
Statutes: 05.02.1982
Date of
Statutes: 07.05.1997
Entry Deleted Name
active J.
Carl Fridlin Gewürze AG
active J.
Carl Fridlin Gewürze Ltd (Name translated)
active J.
Carl Fridlin Gewürze Inc. (Name translated)
active J.
Carl Fridlin Gewürze SA (Name translated)
Entry Deleted Legal domicile
09.05.1997 Hünenberg,
Switzerland
09.05.1997 Zug, Switzerland
Entry Deleted Address
09.05.1997 Bösch
61, 6331 Hünenberg/ZG, Switzerland/CH
09.05.1997 Löbernstrasse 7, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 300,000, paidup CHF 300,000
Entry Deleted Capital Structure
09.05.1997 300
Registered shares with restricted transferability of CHF 1,000.--
Title Name
President J. Carl
Fridlin
Citizen:
Zug, Switzerland
Residential
address: Hünenberg/ZG, Switzerland
joint
signature of two
Chief
Executive Peter
J.C. Fridlin
Citizen:
Zug, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Director Iwan C.
Fridlin
Citizen:
Zug, Switzerland
Residential
address: Hünenberg/ZG, Switzerland
joint
signature of two
Registered
since: 09.05.1997
Title Name
Auditor Duss
Treuhand GmbH
Residential
address: Zug, Switzerland
Id:
CH-170.4.001.104-8
Registered
since: 10.10.2012
Title Name
Chief
Executive Officer Peter J.C.
Fridlin
Chief
Financial Officer, Chief Human Resources Officer Andreas Eberle
Chief
Sales Officer Peter Marzer
Chief
Sales Officer Urs
Oggier
Chief
Development Officer Benedikt Zemp
Chief
Production Officer Benno Wyss
Chief
Technical Officer, Chief Information Officer Iwan
C. Fridlin
Chief
Purchase Officer Nicole
Hofstetter
No.
of Owner/-s: 3
Owner: The company is in
family ownership.
Class: 40-49%
Type: direct
Name: Iwan C. Fridlin
City/Country: 6331 Hünenberg, /ZG
Interest: 49,00% voting right,
49,00% capital interest
Class: 40-49%
Type: direct
Name: Peter H. Fridlin-Meyer
City/Country: Rigistrasse 17a, 6331
Hünenberg/zg, Switzerland/CH
Interest: 49,00% voting right,
49,00% capital interest
Class: 0-9%
Type: direct
Name: Carl. J. Fridlin
City/Country: Sonnhaldenstrasse 89, 6331
Hünenberg/ZH, Switzerland/CH
Interest: 1,00% voting right, 1,00%
capital interest
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
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 World
Compliance 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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.