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Report No. : |
309625 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
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Name : |
MAX SCHILD AG |
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Registered Office : |
Oberalpstrasse 78 4054 Basel/BS |
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Country : |
Switzerland |
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Year of Establishment : |
1946 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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No. of Employee : |
21 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
MAX SCHILD AG
Oberalpstrasse 78
4054 Basel/BS
Switzerland/CH
Telephone: 061
3079900
Fax: 061
3025252
Web site: http://www.maxschild.ch
E-mail: info@maxschild.ch
WIN Worldbox No.: CH0000200688
VAT-No.: CHE-107.258.586
MWST
UID-No.: CHE107258586
Established: 1946
History: 1946: Established from Max Schild
Line of Business: Consumer
goods wholesale, Textiles/flooring
Industry Division: Wholesale
trade, Manufacturing
Industry-code (NACE): 4649 Wholesale of other household goods
1512 Manufacture of luggage, handbags and the
like, saddlery and harness
Import/Export: Import,
Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 21
Sales: CHF 10-20 Mio
The company produces and distributes
collections of purses, bags, briefcases and the matching accessories made of leather.
Brand: MOON
Information on property ownership was not available.
Company No: 270.3.004.680-0
UID-No.: CHE107258586
Legal form: Company
limited by shares
Registration: 12.06.1989
Legal status: active
Responsible Register: Handelsregister
des Kantons Basel-Stadt
History: Date of Statutes: 27.02.2003
Date of Incorporation Statutes: 27.04.1989
Entry Deleted Name
27.02.2003 Max
Schild AG
12.06.1989 27.02.2003 Max Schild Lederwaren en gros AG
Entry Deleted Legal domicile
12.06.1989 Basel,
Switzerland
Entry Deleted Address
12.06.1989 Oberalpstrasse
78, 4054 Basel/BS, Switzerland/CH
Entry Deleted Capital
12.06.1989 Share
Capital CHF 300,000, paidup CHF 300,000
Entry Deleted Capital Structure
12.06.1989 300
Registered shares of CHF 1,000.--
Title Name
President Rudolf
Schild
Citizen:
Basel, Brienz BE, Switzerland
Residential
address: Basel, Switzerland
single
signature
Director Beat
Schild
Citizen:
Basel, Switzerland
Residential
address: Binningen, Switzerland
single
signature
Title Name
General
Manager Beat
Schild
Citizen:
Basel, Switzerland
Residential
address: Binningen, Switzerland
single
signature
Title Name
Auditor May-Treuhand
AG
Residential
address: Muttenz, Switzerland
Id:
CHE-107.796.843
Registered
since: 23.09.2010
Title Name
Chief Executive Officer Beat
Schild
Owner: The company is in
family ownership.
Class: 50%
Type: direct
Name: Beat Schild
City/Country: Steinhausen/ZG, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 50%
Type: direct
Name: Rudolf Schild
City/Country: Basel/BS, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest
Class: 100%
Name: MOON HandelsgmbH
City/Country: Rum, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Moon Rack GmbH
City/Country: Weil am Rhein/Baden-Württemberg,
Germany/DE
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
10.09.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 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.
Rudolf and Beat Schild are also owner of the
Company Rudolf Schild Lederwaren AG Basel.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
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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 |
|
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.