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Report No. : |
328671 |
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Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
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Name : |
KALTBAND AG |
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Registered Office : |
Unterwerkstrasse 3, 5734 Reinach/AG, Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
06.05.1966 |
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Com. Reg. No.: |
400.3.921.214-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the operation of a cold rolling mill for the manufacture
of steel strip, cured products and bimetallic strips. |
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No. of Employees : |
100 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
|
Source
: CIA |
KALTBAND AG
Unterwerkstrasse 3
5734 Reinach/AG
Switzerland/CH
Telephone: 062 7659999
Fax: 062 7659900
Web site: http://www.kaltband.ch
E-mail: info@kaltband.ch
WIN Worldbox No.: CH0000416794
VAT-No.: CHE-101.191.653
MWST
UID-No.: CHE101191653
Established: 1966
History: 1966: Established from Friedrich Lüthi sen.
Line of Business: Metal/steel
Industry Division: Manufacturing
Industry-code (NACE): 2433 Cold forming or folding
Import/Export: Export
Quality certification: ISO
9001:2008
Banks: Unknown
Coverage: Company
Figures: Estimated
Financial year: 2015
Employees: 100
Sales: CHF
40,000,000.--
The business activities include the operation of a cold rolling mill for
the manufacture of steel strip, cured products and bimetallic strips.
Real Estate: It is understood
that the company owns certain property.
Company No: 400.3.921.214-2
UID-No.: CHE101191653
Legal form: Company limited by shares
Registration: 06.05.1966
Legal status: active
Responsible Register: Handelsregister
des Kantons Aargau
History: Date
of Statutes: 27.04.1989
Date
of Incorporation Statutes: 03.05.1966
Entry Deleted Name
02.05.1989 Kaltband
AG
Entry Deleted Legal domicile
02.05.1989 Reinach
(AG), Switzerland
Entry Deleted Address
02.05.1989 Unterwerkstrasse
3, 5734 Reinach, Switzerland/CH
Entry Deleted Capital
02.05.1989 Share
Capital CHF 1,250,000, paidup CHF 1,250,000
Entry Deleted Capital Structure
02.05.1989 250
Registered shares of CHF 1,000.--
02.05.1989 10,000
Registered shares (voting shares) of CHF 100.--
Title Name
President Michael Lüthi
Citizen: Linden,
Switzerland
Residential address: Reinach/AG,
Switzerland
single signature
Registered since:
02.05.1989
Director Anne-Rose
Maurer
Citizen: Schmiedrued,
Switzerland
Residential address:
Reinach/AG, Switzerland
single signature
Registered since:
02.05.1989
Title Name
General Manager Michael
Lüthi
Citizen: Linden,
Switzerland
Residential address:
Reinach/AG, Switzerland
single signature
Registered since:
02.05.1989
General Manager Anne-Rose
Maurer
Citizen: Schmiedrued,
Switzerland
Residential address: Reinach/AG,
Switzerland
single signature
Registered since:
02.05.1989
Member with signing authority Hans
Rudolf Gautschi
Citizen: Gontenschwil,
Switzerland
Residential address:
Engelberg, Switzerland
single signature
Registered since:
15.10.1996
Member with signing authority Sabrina
Lüthi
Citizen: Linden,
Switzerland
Residential address:
Reinach/AG, Switzerland
single signature
Registered since:
30.08.2012
Member with signing authority Yasmin
Lüthi
Citizen: Linden,
Switzerland
Residential address:
Unterentfelden, Switzerland
single signature
Registered since:
30.08.2012
Member with procuration Daniel
Lüthi
Citizen: Linden,
Switzerland
Residential address:
Menziken/AG, Switzerland
joint power of attorney
of two
Registered since:
15.10.1996
Title Name
Auditor Gribi & Partner AG
Residential address:
Olten, Switzerland
Id: CHE-106.710.023
Registered since:
27.02.2014
Title Name
Chief Executive Officer Michael
Lüthi (luethi.michael@kaltband.ch)
Chief Financial Officer, Chief Legal Officer, Chief Purchase Officer Hans Rudolf Gautschi
(gautschi.hansruedi@kaltband.ch)
Chief Production Officer, Chief Technical Officer Rolf Haller (haller.rolf@kaltband.ch)
Chief Administration Officer Anne-Rose
Maurer (maurer.anne-rose@kaltband.ch)
Name: Metallband Reinach AG
City/Country: Reinach/AG,
Switzerland/CH
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Metallband Reinach AG
City/Country: Reinach/AG,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Kaltband Italia Srl
City/Country: Milano, Italy/IT
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Kaltband North America Inc.
City/Country: Illinois/Chicago,
United States of America/US
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
01.07.2014 2014 1 250,000.-- Opposition filed
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 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
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.
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: Financial
obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
-- |
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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.