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Report No. : |
307172 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MONTANSTAHL SA |
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Registered Office : |
Via Gerrette 4, 6855 Stabio/TI |
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Country : |
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Date of Incorporation : |
22.03.1983 |
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Com. Reg. No.: |
524.3.007.382-9 / 121815 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacturer of Metal, steel products and other fabricated metal
products. |
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No. of Employee : |
200 |
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 : |
No complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively 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 currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. 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. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
|
Source
: CIA |
MONTANSTAHL SA
Operating address:
Via Gerrette 4
6855 Stabio/TI
Switzerland/CH
Telephone: 091
6416800
Fax: 091
6416801
Web
site: http://www.montanstahl.com
E-mail: info@montanstahl.com
WIN
Worldbox No.: CH0000242188
VAT-No.: CHE-108.125.574 MWST
UID-No.: CHE108125574
Established: 1983
Line
of Business: Metal/steel
Industry
Division: Manufacturing
Industry-code (NACE): 2599 Manufacture of other fabricated metal
products n.e.c.
Import/Export: Export
Export
sales: 75,0%
Quality
certification: ISO 9001:2008 (since
2005)
Banks: CS Credit Suisse
UBS Ltd
Organisation
level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 200
Sales: CHF 95,000,000.--
The company is active in Production of hot, cold
rolled, cold drawn and laser beam welded special sections in steel. Products:
equal leg angles, unequal leg, angles, tapered channels, non-tapered channels,
I beams, H beams, tees, zees, cold drawn flats, key steel, half rounds, half
ovals.
Real
Estate: The company does
not appear to own any property.
Company
No: 524.3.007.382-9 /
121815
Legal
form: Company limited
by shares
Registration: 09.08.1984
Legal
status: active
Responsible
Register: Registro di commercio del Cantone
Ticino
History: Date of Incorporation
Statutes: 22.03.1983
Date of
Statutes: 07.06.2011
Date of
Statutes: 18.06.1996
Date of
Statutes: 24.05.1988
Date of
Statutes: 08.08.1984
Entry Deleted Name
active Montanstahl
SA
Entry Deleted Legal domicile
06.08.1996 Stabio,
Switzerland
06.08.1996 Lugano, Switzerland
Entry Deleted Address
active 6855
Stabio/TI, Switzerland/CH
Entry Deleted Capital
22.06.2011 Share
Capital CHF 500,000, paidup CHF 500,000
22.06.2011 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
22.06.2011 500
Bearer shares of CHF 1,000.--
22.06.2011 1,000
Bearer shares of CHF 1,000.--
Title Name
President Wolfgang
Stumm
Citizen:
Germany
Residential
address: 6900 Lugano/TI, Switzerland
joint
signature of two
Director Michael
Stumm
Citizen:
Germany
Residential
address: 6948 Porza/TI, Switzerland
joint
signature of two
Title Name
Auditor Refiscon
SA
Residential
address: Lugano, Switzerland
Title Name
Chief
Executive Officer Wolfgang
Stumm (w.stumm@montanstahl.com)
Chief
Marketing Officer, Chief Sales Officer Michael
Stumm (m.stumm@montanstahl.com)
No.
of Owner/-s: 2
Owner: The company is in
family ownership.
Class: unknown
Type: direct
Name: Wolfgang Stumm
City/Country: Lugano/TI, Switzerland/CH
Class: unknown
Type: direct
Name: Michael Stumm
City/Country: Porza/TI, Switzerland/CH
Interest: 0,00% capital interest
Class: 100%
Name: OTTO STUMM SA
City/Country: Stabio/TI, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 50%
Name: MONTANSTAHL GmbH
City/Country: Oelde/Nordrhein-Westfalen,
Germany/DE
Interest: 50,00% voting right, 50,00%
capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
03.01.2013 2013 2 102,703.-- Closed legal actions
31.12.2012 2012 0 Legal
actions
15.11.2011 2011 2 102,528.-- Opposition filed
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
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
31.12.2002 2002 1 81,697.-- Paid legal actions
31.12.2001 2001 0 Legal
actions
31.12.2000 2000 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.
Debt collection case:
MAY 2002: CHF 1'080.--, cancelled by the
Creditor.
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.62.43 |
|
|
1 |
Rs.95.01 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
-- |
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.