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Report No. : |
304824 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
RML SERVICES & TRADING SA |
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Registered Office : |
Via Mercoli 8a, 6900 Lugano/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
10.04.1992 |
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Com. Reg. No.: |
514.3.006.468-1 / 297190 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The business includes trading and sales with processing machinery and
equipment. The processing lines are: baby diapers, adult diapers, pull-on
adult / baby diapers, underpads, feminine care, tissue converting machinery
and recycling equipment. The company produces with Italian, Brazilian,
Chinese machines. |
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No. of Employees : |
4 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
RML SERVICES &
TRADING SA
Operating
address:
Via Mercoli 8a
6900 Lugano/TI
Switzerland/CH
Telephone: 091
9725874
Fax: 091
9725856
Web
site: http://www.rmlservices.com
E-mail: info@rmlservices.com
WIN
Worldbox No.: CH0002346936
VAT-No.: CHE107397779
Established: 1992
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other machinery and
equipment
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 4
Sales: CHF 2-4 Mio
The business includes trading and sales with
processing machinery and equipment. The processing lines are: baby diapers,
adult diapers, pull-on adult / baby diapers, underpads, feminine care, tissue
converting machinery and recycling equipment. The company produces with
Italian, Brazilian, Chinese machines.
Information on property ownership was not
available.
Company
No: 514.3.006.468-1 / 297190
Legal
form: Company limited by
shares
Registration: 10.04.1992
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
12.11.2008
Date of
Statutes: 24.06.1992
Date of
Incorporation Statutes: 09.04.1992
Entry Deleted Name
17.11.2008 RML
Services & Trading SA
27.12.1994 17.11.2008 RML Services SA
Entry Deleted Legal domicile
27.12.1994 Lugano,
Switzerland
Entry Deleted Address
27.12.1994 Via
Mercoli 8a, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
27.12.1994 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
27.12.1994 100
Bearer shares of CHF 1,000.--
Title Name
President Giorgio
Biancardi
Citizen:
Italy
Residential
address: Montevideo, Uruguay
joint
signature of two
Registered
since: 27.12.1994
Director Birgit
Biancardi-Sckölkens
Citizen:
Germany
Residential
address: Viganello (Lugano), Switzerland
joint
signature of two
Registered
since: 17.11.2008
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.
Control date Year No. Amount CHF Status
10.02.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 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 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.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.