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Report No. : |
351732 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
INTRUST AG |
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Registered Office : |
Freiestrasse 204, Postfach 3075, 8032
Zürich/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
29.05.1987 |
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Com. Reg. No.: |
020.3.913.576-7 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The business activity includes the provision of services in the fiduciary sector. The company advises and assists in founding of companies, consulting in legal and tax issues, as well as administrative enforcement of the management. |
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No. of Employee : |
6 |
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 : |
Slow but correct |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 to 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 continue 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 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
INTRUST AG
Freiestrasse 204
Postfach 3075
8032 Zürich/ZH
Switzerland/CH
Telephone: 044
2992399
Fax: 044
2992398
Web
site: http://www.intrust.ch
E-mail: info@intrust.ch
WIN
Worldbox No.: CH0000213342
VAT-No.: CHE-103.951.300
MWST
UID-No.: CHE103951300
Established: 1987
Line of Business: Consulting/Auditing
Industry Division: Services
Industry-code (NACE): 6920 Accounting, bookkeeping
and auditing activities; tax consultancy
Banks: UBS
Ltd
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 6
Sales: CHF
1,700,000.--
The business activity includes
the provision of services in the fiduciary sector. The company advises and
assists in founding of companies, consulting in legal and tax issues, as well
as administrative enforcement of the management.
Real Estate: The
company does not appear to own any property.
Company No: 020.3.913.576-7
UID-No.: CHE103951300
Legal form: Company
limited by shares
Registration: 29.05.1987
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 06.10.2010
Date
of Statutes: 17.09.2010
Date
of Statutes: 12.06.1997
Date of Statutes:
04.05.1988
Entry Deleted Name
07.10.2010 INTRUST
AG
07.10.2010 INTRUST
SA (Name translated)
07.10.2010 INTRUST
Ltd. (Name translated)
22.08.1991 07.10.2010 Intrust AG
22.08.1991 07.10.2010 Intrust SA (Name translated)
22.08.1991 07.10.2010 Intrust Ltd (Name translated)
Entry Deleted Legal domicile
22.08.1991 Zürich,
Switzerland
Entry Deleted Address
01.04.2015 Freiestrasse
204, 8032 Zürich/ZH, Switzerland/CH
08.12.2000 01.04.2015 Badenerstrasse 15, 8004 Zürich, Switzerland/CH
03.09.1992 08.12.2000 Morgartenstrasse 6-10, 8004 Zürich,
Switzerland/CH
22.08.1991 03.09.1992 Bahnhofstrasse 72, 8001 Zürich, Switzerland/CH
Entry Deleted Capital
22.08.1991 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
22.08.1991 100
Registered shares of CHF 1,000.--
Title Name
Director Marcel
Gloor
Citizen: Birrwil,
Switzerland
Residential
address: Zollikon, Switzerland
single
signature
Registered
since: 14.02.2012
Director Kay Peter
Hofmann
Citizen:
Grüningen, Switzerland
Residential
address: Zürich, Switzerland
single
signature
Registered
since: 12.08.2014
Owner: The company is
privately owned.
Class: 100%
Name: Makator Trading GmbH
in Liquidation
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 31.07.2007)
Class: 100%
Name: PREFINA
REAL ESTATE S.A.
City/Country: Barcelona,
Spain/ES
Interest: 100,00%
voting right, 100,00% capital interest
Class: 0-9%
Name: "MS Sun Bay"
Schiffsbetriebs- und Verwaltungs GmbH & Co. KG
City/Country: Leinfelden-Echterdingen/Baden-Württemberg,
Germany/DE
Interest: 4,51%
voting right, 4,51% capital interest
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: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
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CHF |
1 |
Rs. 64.92 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
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Report Prepared
by : |
ASH |
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 |
-- |
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.