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Report No. : |
327306 |
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Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SERVICES FOR INDUSTRY SAGL |
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Registered Office : |
Via G. Calgari 2 6900
Lugano/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
03.06.2013 |
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Com. Reg. No.: |
501.4.017.623-1 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading and services related to industrial plants. Services marketing,
demolition, disposal of ferrous materials, steel, copper and metals,
commercial consulting, marketing and merchandising of industrial plants. |
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No. of Employee : |
3 |
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 : |
Unknown |
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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) |
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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 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.
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Source
: CIA |
SERVICES FOR INDUSTRY SAGL
Operating address:
Via G. Calgari 2
6900 Lugano/TI
Switzerland/CH
Telephone: 091
6306876
Fax: 091
9220027
WIN
Worldbox No.: CH0009837958
VAT-No.: CHE-375.091.212 MWST
UID-No.: CHE375091212
Established: 2013
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other machinery and
equipment
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 3
Sales: CHF 1-2 Mio
The business activities are trading and
services related to industrial plants. Services marketing, demolition, disposal
of ferrous materials, steel, copper and metals, commercial consulting,
marketing and merchandising of industrial plants.
Information on property ownership was not
available.
Company
No: 501.4.017.623-1
UID-No.: CHE375091212
Legal
form: Limited Liability
Company
Registration: 03.06.2013
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Incorporation
Statutes: 23.05.2013
Entry Deleted Name
03.06.2013 SERVICES
FOR INDUSTRY SAGL
Entry Deleted Legal domicile
03.06.2013 Lugano,
Switzerland
Entry Deleted Address
03.06.2013 Via
G. Calgari 2, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
03.06.2013 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
03.06.2013 20 Participation
shares of CHF 1,000.--
Title Name
General
Manager Francesco
Ceruti
Citizen:
Italy
Residential
address: Ponte Capriasca, Switzerland
single
signature
Registered
since: 03.06.2013
Name: Co.Re.Co. Sagl
City/Country: Lugano/TI, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Co.Re.Co. Sagl
City/Country: Lugano/TI, Switzerland/CH
Capital
share: CHF 20,000.--
Interest: 100,00% voting right,
100,00% capital interest (since 03.06.2013)
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
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.
There is no own telephone number registered
for this company.
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.63.82 |
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|
1 |
Rs.101.26 |
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Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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|
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Report Prepared
by : |
ANK |
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 |
-- |
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.