|
Report No. : |
334713 |
|
Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
FARMATECH R&M SA |
|
|
|
|
Registered Office : |
Via Valdani 2,
Casella postale 1146, 6830 Chiasso/TI |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Year of Establishment : |
2007 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
Line of Business : |
Subject is provider IT services and Financial
services. |
|
|
|
|
No. of Employee : |
7 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 demand for Swiss exports, and put Switzerland into a recession. During this period the Swiss National Bank (SNB) 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 unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continues to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January of 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners, including the EU, the US, and international institutions to reform its banking secrecy laws. In response to that international pressure, the Swiss government has agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, while openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
FARMATECH R&M SA
Via Valdani 2
Casella postale 1146
6830 Chiasso/TI
Switzerland/CH
Telephone: 091
9240945
091
6955030
Fax: 091
9241185
WIN Worldbox No.: CH0007525729
VAT-No.: CHE-113.670.239 MWST
UID-No.: CHE113670239
Established: 2007
Line of Business: IT services, Financial services
Industry Division: Services
Industry-code (NACE): 6202 Computer consultancy activities
6499 Other financial service activities,
except insurance and pension funding n.e.c.
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 7
Sales: CHF 2-4 Mio
The business activities includes the marketing and
consulting of pharmaceutical, medical and health care as a business agent, and
participation in society.
Information on property ownership was not
available.
Company No: 501.3.008.650-5
UID-No.: CHE113670239
Legal form: Company limited by shares
Registration: 06.06.2007
Legal status: active
Responsible Register: Registro di commercio del Cantone Ticino
History: Date of Statutes:
18.01.2013
Date
of Statutes: 15.05.2009
Date
of Incorporation Statutes: 05.06.2007
Entry Deleted Name
21.01.2013 FARMATECH
R&M SA
06.06.2007 21.01.2013 Ontech SA
Entry Deleted Legal domicile
06.06.2007 Chiasso,
Switzerland
Entry Deleted Address
06.06.2007 Via
Valdani 2, 6830 Chiasso, Switzerland/CH
Entry Deleted Capital
06.06.2007 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
06.06.2007 100
Bearer shares of CHF 1,000.--
Title Name
Director Roberta
Pantani Tettamanti
Citizen:
Chiasso, Switzerland
Residential
address: 6830 Chiasso, Switzerland
single
signature
Registered
since: 06.06.2007
Title Name
Director Roberto
D'Agnolo
Citizen:
Italy
Residential
address: Como , Italy
single
signature
Registered since:
30.04.2013
Member with procuration Elisabetta Trazzi
Citizen:
Italy
Residential
address: Como , Italy
single
power of attorney
Registered
since: 30.04.2013
Owner: The
company is privately owned.
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 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: Unknown.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.