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Report No. : |
355694 |
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Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
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Name : |
BURCKHARDT OF SWITZERLAND
AG |
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Registered Office : |
Pfarrgasse 11, 4019
Basel/BS, Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
1941 |
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Com. Reg. No.: |
270.3.014.875-3 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company engages in the
production and trade of mechanic- and needled and drilled precision parts.
Specialised in the area of perforation and fibrillation. |
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No. of Employees : |
50 |
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 : |
Unknown |
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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 |
|
Risk Category |
ECGC
Classification |
|
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 |
BURCKHARDT OF SWITZERLAND
AG
Pfarrgasse 11
4019 Basel/BS
Switzerland/CH
Telephone: 061 6381800
Fax: 061 6381850
Web site: http://www.burckhardt.com
E-mail: info@burckhardt.com
WIN Worldbox No.: CH0009874788
VAT-No.: CHE-334.300.973 MWST
UID-No.: CHE334300973
Established: 1941
Line of Business: Metal/steel
Industry Division: Manufacturing
Industry-code (NACE): 2562 Machining
Import/Export: Import, Export
Banks: UBS Ltd
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 50
Sales: CHF 4-6 Mio
The company engages in the
production and trade of mechanic- and needled and drilled precision parts.
Specialised in the area of perforation and fibrillation, the company offers
following products:
Perforation tools and machines
of the type:
- Solid
- VPAB-H
- PAB-K
- Premium and Hot-Speed
Precision parts with pins and holes:
- Vacuum Rollers
- Rotary Sealing Tools
- High Pressure and
Precision Sieves (drilled)
- Pin Wheels
- Hand Rollers
- Pinned Transportation
Rollers
- Embossing Rollers
- Flame Perforation Tools
Pinned parts for textile
industry:
- Top combs and circular
combs for cotton (Rieter) and wool combing machines (NSCl)
- Faller bars of various
types for NSC, Sant’ Andrea and numerous others
- Plastic inserts for
faller bars
- Beater lags for Rieter
and Hergeth
- Grid bars of aluminium
- Pin plates of brass ,
nickel plated with 1A nirosta pins V3M for all types of stenter machines
- Brushes, circular brushes
The company owns agents in
following countries: Australia, Belgium, Brazil, USA, China, France, Germany,
Greece, Italy, Finland, India, Indonesia, Japan, Luxemburg, Netherlands,
Mexico, Portugal, South Korea, Taiwan, Thailand, Turkey and other countries.
Real Estate: The company does not appear to own any
property.
Company No: 270.3.014.875-3
UID-No.: CHE334300973
Legal form: Company limited by shares
Registration: 28.06.2013
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Stadt
History: Date of Incorporation Statutes: 27.06.2013
Entry Deleted Name
28.06.2013 Burckhardt of Switzerland AG
28.06.2013 Burckhardt of Switzerland
Ltd (Name translated)
28.06.2013 Burckhardt of Switzerland SA
(Name translated)
Entry Deleted Legal
domicile
28.06.2013 Basel, Switzerland
Entry Deleted Address
28.06.2013 Pfarrgasse 11, 4057
Basel/BS, Switzerland/CH
Entry Deleted Capital
28.06.2013 Share Capital CHF 100,000,
paidup CHF 100,000
Entry Deleted Capital
Structure
28.06.2013 1,000 Registered shares of
CHF 100.--
Title Name
President Theodor Vincent (Teddy) Burckhardt
Citizen: Basel, Switzerland
Residential address: Arlesheim, Switzerland
single signature
Registered since: 28.06.2013
Company Secretary Prof. Dr. Christian Brückner
Citizen: Basel, Switzerland
Residential address: Basel, Switzerland
joint signature of two
Registered since: 28.06.2013
Director Thomaz Burckhardt
Citizen: Basel, Switzerland
Residential address: Pfäffikon /SZ, Switzerland
joint signature of two
Registered since: 10.07.2015
Director Catherine Cornelia Burckhardt Walter
Citizen: Basel, Switzerland
Residential address: Arlesheim, Switzerland
joint signature of two
Registered since: 28.06.2013
Title Name
Member with procuration Andreas Büchi
Citizen: Basel, Switzerland
Residential address: Möhlin, Switzerland
joint power of attorney of two
Registered since: 10.02.2014
Member with procuration Giorgio Chiandetti
Citizen: Liestal, Switzerland
Residential address: Liestal, Switzerland
joint power of attorney of two
Registered since: 10.02.2014
Member with procuration Maja Eva Puschmann
Citizen: Muttenz, Switzerland
Residential address: Wenslingen, Switzerland
joint power of attorney of two
Registered since: 28.06.2013
Title Name
Auditor Hersberger
Revisionsgesellschaft AG
Residential address:
Seltisberg, Switzerland
Id: CHE-107.796.642
Registered since: 28.06.2013
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 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.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
CHF |
1 |
Rs.66.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
TPT |
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.