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Report No. : |
351491 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PAUL REINHART AG |
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Registered Office : |
Technikumstrasse 82, 8400 Winterthur/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1788 |
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Com. Reg. No.: |
020.3.921.310-9 |
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Legal Form : |
Company Limited by Shares. |
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Line of Business : |
Wholesale of Other Intermediate Products. |
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No. of Employees : |
50 |
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 |
Paul Reinhart AG
Operating address:
Technikumstrasse
82 Mailing
Address:
8400 Winterthur/ZH Postfach
Switzerland/CH 8401
Winterthur/ZH
Switzerland/CH
Telephone: 052
2648181
Fax: 052
2120055
Web
site: http://www.reinhart.com
E-mail: mail@reinhart.ch
WIN
Worldbox No.: CH0001302288
VAT-No.: CHE-116.284.789 MWST
UID-No.: CHE102607231
Established: 1788
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Import, Export
Export
sales: 97,0%
Banks: ZKB Zürcher
Kantonalbank
CS Credit
Suisse
UBS Ltd
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 50
Sales: CHF 200-400 Mio
The Company is a worldwide cotton merchant
since 1788. The company sources its organic cotton from a number of regions
(Uganda, Turkey, India, Syria, USA, Egypt, West Africa, etc) and acts as an
intermediary between growers and spinners, providing its customers quality
assurance, logistics and documentation.
Information on property ownership was not
available.
Company
No: 020.3.921.310-9
UID-No.: CHE102607231
Legal
form: Company limited by
shares
Registration: 24.12.1953
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
28.03.1968
Date of
Statutes: 20.03.2012
Date of
Statutes: 28.05.1993
Date of
Statutes: 26.06.1991
Entry Deleted Name
active Paul
Reinhart AG
26.03.2012 Paul
Reinhart SA (Name translated)
26.03.2012 Paul
Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Technikumstrasse
82, 8400 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
10.07.1991 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
10.07.1991 10,000
Registered shares of CHF 100.--
Title Name
President Jürg
Reinhart
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Vice-President Thomas Paul Reinhart
Citizen:
Winterthur, Switzerland
Residential
address: Peking, China
joint
signature of two
Director Prof. Dr.
Ernst A. Brugger
Citizen:
Gossau ZH, Switzerland
Residential
address: 8753 Mollis, Switzerland
joint
signature of two
Registered
since: 12.11.2008
Director Matthias
Reinhart
Citizen:
Winterthur, Switzerland
Residential
address: 8700 Küsnacht /ZH, Switzerland
joint
signature of two
Registered
since: 12.11.2008
Title Name
Member
of the management Jürg Reinhart
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Member
of the management Rolf Stahel
Citizen:
Elgg, Switzerland
Residential
address: 8404 Winterthur, Switzerland
joint
signature of two
Registered
since: 13.02.1996
Member
of the management Ezio Vitali
Citizen:
Winterthur, Switzerland
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Registered
since: 02.03.2005
Member
of the direction Ulrich Curt
Arbenz
Citizen:
Winterthur, Andelfingen, Switzerland
Residential
address: 8000 Zürich, Switzerland
joint
signature of two
Registered
since: 08.09.1998
Member
of the direction Daniele
Ballestrin
Citizen:
Winterthur, Switzerland
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Member
of the direction Marco
Bänninger
Citizen:
Rickenbach ZH, Switzerland
Residential
address: 8352 Winterthur, Switzerland
joint
signature of two
Registered
since: 13.04.2011
Member
of the direction Petra
Bockhahn
Citizen:
Germany
Residential
address: Büsingen, Germany
joint
signature of two
Member
of the direction Stefan
Brändli
Citizen:
Wald ZH, Switzerland
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Registered
since: 28.03.2006
Member
of the direction Raymond
Neuschwander
Citizen:
Bärschwil, Switzerland
Residential
address: 8303 Bassersdorf, Switzerland
joint
signature of two
Registered
since: 13.02.1996
Member
of the direction André
Paratte
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Registered
since: 26.03.2012
Member
of the direction Zeki Sahin
Citizen:
Winterthur, Switzerland
Residential
address: 8542 Wiesendangen, Switzerland
joint
signature of two
Registered
since: 29.01.2001
Member
of the direction Jürg Stahel
Citizen:
Elgg, Switzerland
Residential
address: 8542 Wiesendangen, Switzerland
joint
signature of two
Member
of the direction Daniel Suter
Citizen:
Gränichen, Switzerland
Residential
address: 8311 Brütten, Switzerland
joint
signature of two
Registered
since: 13.04.2011
Member
of the direction Danny Van
Namen
Citizen:
Belgium
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Registered
since: 07.02.2008
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Winterthur, Switzerland
Id:
CH-020.9.001.009-7
Registered
since: 12.05.2000
Title Name
Chief
Executive Officer Thomas
Paul Reinhart
Name: Reinhart Holding AG
City/Country: Winterthur/ZH, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Reinhart Holding AG
City/Country: Winterthur/ZH, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 03.07.2014)
Class: 100%
Name: Reinhart Australia Pty
Limited
City/Country: Toowoomba, Australia/AU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Reinhart (Beijing)
Trading Co Ltd.
City/Country: Beijing, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Reinhart India Private
Limited
City/Country: NEW DELHI/Delhi, India/IN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: WINCOT AG
City/Country: Winterthur/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
14.11.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
21.04.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
CHF |
1 |
Rs.66.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
AMR |
|
|
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Report Prepared
by : |
NIT |
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.