MIRA INFORM REPORT
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Report No. : |
333582 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KARL MAYER TEXTILMASCHINEN AG |
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Registered Office : |
Fabrikstrasse, 9240 Uzwil/SG |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
25.04.1984 |
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Com. Reg. No.: |
170.3.010.330-0 / 114159 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Textile Machinery for the production of clothing
textiles, sports articles, lingerie, home textiles, automotive textiles and
semitechnical textiles. |
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No. of Employees : |
45 |
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 – 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 |
Company
Name
KARL MAYER
TEXTILMASCHINEN AG
Operating
address
Fabrikstrasse
9240 Uzwil/SG
Switzerland/CH
Telephone: 071
9558400
Fax: 071
9558487
Web
site: http://www.karlmayer.ch
E-mail: info.ch@karlmayer.com
WIN
Worldbox No.: CH0001122036
VAT-No.: CHE102774194
Profile
Established: 1984
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Import, Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 45
Sales: CHF 35,000,000.--
Activity
The activities includes the manufacture of
textile machinery for the production of clothing textiles, sports articles,
lingerie, home textiles, automotive textiles and semitechnical textiles.
Real
Estate
Real
Estate: It is understood
that the company owns certain property.
Company
Register
Company
No: 170.3.010.330-0 / 114159
Legal
form: Company limited by
shares
Registration: 25.04.1984
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen (since 12.11.2003)
History: Date of Statutes:
01.12.2008
Date of
Statutes: 01.10.2003
Date of
Incorporation Statutes: 06.03.1984
Entry Deleted Name
12.12.2008 Karl
Mayer Textilmaschinen AG
12.12.2008 Massura AG
Entry Deleted Legal domicile
12.12.2008 Uzwil,
Switzerland
12.11.2003 Zug, Switzerland
12.11.2003 12.12.2008 St. Gallen, Switzerland
Entry Deleted Address
12.12.2008 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
12.12.2008 Rorschacherstrasse 150, 9006 St. Gallen/SG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
12.12.2008 500
Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Dr. Helmut
Pressl
Citizen:
Germany
Residential
address: Neu-Isenburg, Germany
joint
signature of two
Registered
since: 09.09.2013
Director Prof. Dr.
Andreas Menzl
Citizen:
Rapperswil-Jona, Switzerland
Residential
address: 9402 Mörschwil/SG, Switzerland
joint
signature of two
Management
Title Name
General
Manager Roland
Kohn
Citizen:
Germany
Residential
address: Rödermark, Germany
joint
signature of two
Registered
since: 17.01.2014
External
Positions
Title Name
Auditor Dr.
Rietmann & Partner AG, Wirtschaftsprüfer und Steuerberater
Residential
address: St. Gallen/SG, Switzerland
Id:
CHE-102.084.882
Registered
since: 10.06.2014
Executive
board
Title Name
Chief
Executive Officer Prof. Dr.
Andreas Menzl
Ultimate
Parent Company
Name: KARL MAYER Holding
GmbH & Co. KG
City/Country: Obertshausen, Germany/DE
Financial Data Karl Mayer Textilmaschinen
Ltd
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR th.
EUR
Result before
minority interests -2,087.0 -463.0 -1,283.0 -14,797.0 28,510.0
Total shareholders
equity 7,777.0 9,794.0 9,539.0 14,739.0 29,536.0
Employees at year end 90 110 120
Employees inland 90 110 120
Employees abroad 0 0 0
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: KARL MAYER Holding
GmbH & Co. KG
City/Country: Obertshausen, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 01.12.2008)
Sisters
Name: KARL MAYER (H.K.)
LIMITED
City/Country: Kwai Chung/New Territories, Hong
Kong/HK
Investments
Class: 100%
Name: KARL MAYER (H.K.)
LIMITED
City/Country: Kwai Chung/New Territories, Hong
Kong/HK
No.
of shares: 1,500
Interest: 100,00% voting right, 100,00%
capital interest
Financials
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Legal
Actions
Control date Year No. Amount CHF Status
18.07.2012 2012 0
31.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
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.
Sanctions
List
The company is not listed in the
WorldCompliance database.
Payment
experiences
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.
Credit
Information
Financial
Situation: The financial situation
is considered to be in order.
Payment
experiences: Slow but Correct
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
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|
1 |
Rs.99.14 |
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Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
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.