|
Report No. : |
333486 |
|
Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
KÜNDIG AG |
|
|
|
|
Registered Office : |
Hofstrasse 95, 8620 Wetzikon/ZH,
Switzerland/CH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Year of Establishment : |
1945 |
|
|
|
|
Com. Reg. No.: |
020.3.915.324-8 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Subject is engaged in development, manufacture and distribution of edge
and sanding machines. Specifically, the company has developed the patented
oblique sanding technique, that stands out as groundbreaking in the
technology of broadband grinding machines |
|
|
|
|
No. of Employee : |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 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 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 continues 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 of 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 during 2011-13. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners, including the EU, the US, and international institutions to reform its banking secrecy laws. In response to that international pressure, the Swiss government has agreed 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, while openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
KÜNDIG AG
Hofstrasse 95
8620 Wetzikon/ZH
Switzerland/CH
Telephone: 043
4773001
Fax: 043
4773009
Web site: http://www.kuendig.ch
E-mail: info@kuendig.ch
WIN Worldbox No.: CH0001058661
VAT-No.: CHE-102.445.678
MWST
UID-No.: CHE102445678
Established: 1945
History: 1945: Established from Armin Kündig
Line of Business: Machinery, Financial services
Industry Division: Manufacturing, Services
Industry-code (NACE): 2841 Manufacture of
metal forming machinery
6420 Activities of holding companies
Import/Export: Export
Banks: ZKB
Zürcher Kantonalbank
UBS Ltd
Organisation level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 70
Sales: CHF
36,000,000.--
The business activities are development, manufacture and distribution of
edge and sanding machines. Specifically, the company has developed the patented
oblique sanding technique, that stands out as groundbreaking in the technology
of broadband grinding machines. The company produces in Gotha
(Thüringen)/Germany and in Wetzikon and sells worldwide.
Real Estate: The
company owns buildings.
Company No: 020.3.915.324-8
UID-No.: CHE102445678
Legal form: Company
limited by shares
Registration: 24.06.1969
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 19.07.1977
Date of
Statutes: 13.12.1996
Date of Statutes:
12.06.1995
Entry Deleted Name
active Kündig
AG
28.06.1995 Kündig SA (Name translated)
Entry Deleted Legal domicile
active Wetzikon
(ZH), Switzerland
Entry Deleted Address
active Hofstrasse
95, 8620 Wetzikon/ZH, Switzerland/CH
Entry Deleted Capital
09.01.1997 Share
Capital CHF 1,200,000, paidup CHF 1,200,000
Entry Deleted Capital Structure
09.01.1997 800
Registered shares of CHF 1,000.--
09.01.1997 4,000
Registered shares (voting shares) of CHF 100.--
Title Name
President Hans
Rudolf (Hansruedi) Kündig
Citizen:
Hittnau, Zürich, Switzerland
Residential
address: 8620 Hittnau und Zürich/ZH, Switzerland
single
signature
Director Felix
Kündig
Citizen:
Zürich, Switzerland
Residential
address: 8001 Zürich/ZH, Switzerland
single
signature
Director Stephan
Kündig
Citizen:
Hittnau, Zürich, Switzerland
Residential
address: 8640 Rapperswil /SG, Switzerland
single
signature
Director Urs Kündig
Citizen:
Zürich, Switzerland
Residential
address: Wetzikon/ZH, Switzerland
without
signature
Registered
since: 11.09.2013
Title Name
Auditor A + B
Revisions AG
Residential
address: Rüti, Switzerland
Title Name
Chief
Executive Officer Hans
Rudolf (Hansruedi) Kündig
Executive
Director Stephan
Kündig
No.
of Owner/-s: 3
Owner: The company is in
family ownership.
Class: 30-39%
Type: direct
Name: Felix Kündig
City/Country: Zürich/ZH, Switzerland/CH
Class: 30-39%
Type: direct
Name: Hans Rudolf Kündig
City/Country: Wetzikon/ZH, Switzerland/CH
Class: 30-39%
Type: direct
Name: Stephan Kündig
City/Country: Rapperswil-Jona/SG,
Switzerland/CH
Class: 100%
Name: Kündig GmbH
City/Country: Gotha, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Kündig GmbH
City/Country: Vorderweißenbach, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest (since 20.06.2011)
Class: 100%
Name: Kundig Limited
City/Country: Burscough/Lancashire, United
Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest (since 1996)
Class: 100%
Name: Kündig Sarl
City/Country: Montlebon, France/FR
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
06.09.2010 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
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
31.12.2002 2002 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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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.