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Report No. : |
356655 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
LUWA AIR ENGINEERING AG |
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Registered Office : |
Weiherallee 11A 8610 Uster/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
1935 |
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Com. Reg. No.: |
020.3.028.340-1 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture and implementation
of filtering- and conditioners-systems and solutions for the textile and
other industries. The fields of activity: Textile Air Engineering, Industrial
Air Engineering, Eco Engineering, Control Engineering. |
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No. of Employee
: |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 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 |
LUWA AIR ENGINEERING AG
Operating address:
Weiherallee 11A
8610 Uster/ZH
Switzerland/CH
Telephone: 044
9431100
Fax: 044
9431101
Web site: http://www.luwa.com
E-mail: info@luwa.com
WIN Worldbox No.: CH0006538914
VAT-No.: CHE-112.154.099
MWST
UID-No.: CHE112154099
Established: 1935
History: 2004: Limited company
1935: Established from Hans C. Bechtler + Walter
A. Bechtler
Line of Business: Machinery, Engineering/Architecture
Industry Division: Manufacturing, Services
Industry-code (NACE): 2825 Manufacture of
non-domestic cooling and ventilation equipment
7112 Engineering activities and related
technical consultancy
Import/Export: Export
Quality certification: ISO 9001
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 50
Sales: CHF
20,000,000.--
The business
includes the manufacture and implementation of filtering- and
conditioners-systems and solutions for the textile and other industries. The
fields of activity: Textile Air Engineering, Industrial Air Engineering, Eco
Engineering, Control Engineering.
Countries: Europe,
Africa, Central and South America, Middle East, CIS States
Representations in
over 75 countries worldwide
Real Estate: The
company owns buildings.
Company No: 020.3.028.340-1
UID-No.: CHE112154099
Legal form: Company
limited by shares
Registration: 20.12.2004
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 18.07.2007
Date
of Statutes: 12.06.2006
Date
of Statutes: 01.12.2005
Date
of Incorporation Statutes: 10.12.2004
Entry Deleted Name
31.07.2007 Luwa
Air Engineering AG
31.07.2007 Luwa
Air Engineering SA (Name translated)
31.07.2007 Luwa
Air Engineering Ltd (Name translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering AG
09.12.2005 31.07.2007 Luwa Textile Air Engineering Ltd (Name
translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering SA (Name
translated)
20.12.2004 09.12.2005 Hesta Verwaltungs AG
Entry Deleted Legal domicile
20.12.2004 Uster,
Switzerland
Entry Deleted Address
22.10.2009 Weiherallee
11 a, 8610 Uster/ZH, Switzerland/CH
20.12.2004 22.10.2009 Wilstrasse 11, 8610 Uster/ZH, Switzerland/CH
Entry Deleted Capital
16.06.2006 Share
Capital CHF 950,000, paidup CHF 950,000
20.12.2004 16.06.2006 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
16.06.2006 950,000
Registered shares of CHF 1.--
20.12.2004 16.06.2006 100,000 Registered shares of CHF 1.--
Entry Deleted Branches
10.03.2006 13.01.2010 Luzernerstrasse 15, 5630 Muri/AG, Switzerland/CH
Title Name
President Raimund
König
Citizen:
Germany
Residential
address: Grünwald, Germany
joint
signature of two
Registered
since: 15.05.2007
Director Magnus
U. Sedlmayr
Citizen:
Germany
Residential
address: Hombrechtikon, Switzerland
single
signature
Registered
since: 17.06.2014
Director Thomas
Trauttmansdorff
Citizen:
Austria
Residential
address: München, Germany
joint
signature of two
Registered
since: 15.05.2007
Title Name
Member with signing authority Gottfried Abrell
Citizen:
Germany
Residential
address: 8124 Maur/ZH, Switzerland
joint
signature of two
Registered
since: 16.04.2008
Member with signing authority Peter Fallegger
Citizen:
Hasle LU, Switzerland
Residential
address: 8610 Uster/ZH, Switzerland
joint
signature of two
Registered
since: 09.12.2005
Member with signing authority Roberto Manuel Marti Fernandez
Citizen:
Spain
Residential
address: Hinwil, Switzerland
joint
signature of two
Registered
since: 17.01.2011
Member with signing authority Max Meier
Citizen:
Zürich, Switzerland
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 03.06.2015
Member with signing authority Markus Schraner
Citizen: Zürich,
Sulz AG, Switzerland
Residential
address: 5624 Bünzen/AG, Switzerland
joint signature of two
Registered
since: 09.12.2005
Member with signing authority Martin Weber
Citizen:
Zürich, Switzerland
Residential
address: Wallisellen, Switzerland
joint
signature of two
Registered
since: 31.10.2007
Title Name
Auditor BDO
AG
Residential
address: Zürich, Switzerland
Id:
CH-020.3.927.906-5
Registered
since: 26.07.2006
Title Name
Chief Executive Officer Gottfried Abrell
Chief Financial Officer Roberto Manuel Marti Fernandez
Name: Grünwald
Equity Beteiligungs GmbH
City/Country: Grünwald/Bayern,
Germany/DE
Direct owner/-s
No. of owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Luwa
Air Engineering Beteiligungs GmbH
City/Country: Grünwald/Bayern,
Germany/DE
Interest: 100,00%
voting right, 100,00% capital interest (since 09.05.2007)
Name: Luwa
Air Engineering Ltd.
City/Country: Shanghai,
China/CN
Name: Luwa
Air Engineering (Pte) Ltd.
City/Country: Singapore,
Singapore/SG
Name: Luwa
India Private Limited
City/Country: Bangalore/Karnataka,
India/IN
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR
Result before minority interests -517.0 -517.0 131.0 642.0
Total shareholders equity 2,682.0 2,682.0 3,177.0 2,972.0
Class: 100%
Name: Luwa
Air Engineering Ltd.
City/Country: Shanghai,
China/CN
Interest: 100,00%
voting right, 100,00% capital interest (since 2003)
Class: 100%
Name: Luwa
Air Engineering (Pte) Ltd.
City/Country: Singapore,
Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest (since 1969)
Class: 100%
Name: Luwa
Limited Sirketi
City/Country: Istanbul,
Turkey/TR
Interest: 100,00%
voting right, 100,00% capital interest
Control date Year No. Amount CHF Status
02.10.2014 2014 0 Legal actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 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.
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:
Slow but correct
Financial Situation: The financial situation is considered to be in order.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
EUR |
1 |
Rs.72.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
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 |
|
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 |
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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 |
|
<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.