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Report No. : |
312681 |
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Report Date : |
20.03.2015 |
IDENTIFICATION DETAILS
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Name : |
PAUL REINHART AG |
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Registered Office : |
Technikumstrasse 82 8400 Winterthur/ZH Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
24.12.1953 |
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Com. Reg. No.: |
020.3.921.310-9 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The Company is a worldwide cotton merchant since 1788. The company
sources its organic cotton from a number of regions (Uganda, Turkey, India,
Syria, USA, Egypt, West Africa) and acts as an intermediary between growers
and spinners, providing its customers quality assurance, logistics and
documentation. |
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No. of Employees : |
50 |
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 – 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 |
PAUL REINHART AG
Technikumstrasse 82
8400 Winterthur/ZH
Switzerland/CH
Telephone: 052 2648181
Fax: 052 2120055
Web site: http://www.reinhart.com
E-mail: mail@reinhart.ch
WIN Worldbox No.: CH0001302288
VAT-No.: CHE102607231
UID-No.: CHE102607231
Established: 1788
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Import, Export
Export sales: 97,0%
Banks: ZKB Zürcher Kantonalbank
CS Credit Suisse
UBS Ltd
Coverage: Company
Figures: estimated
Employees: 50
Sales: CHF 200-400
Mio
The Company is a worldwide cotton merchant since 1788. The company
sources its organic cotton from a number of regions (Uganda, Turkey, India,
Syria, USA, Egypt, West Africa, etc) and acts as an intermediary between
growers and spinners, providing its customers quality assurance, logistics and
documentation.
Information on property ownership was not available.
Company No: 020.3.921.310-9
UID-No.: CHE102607231
Legal form: Company limited
by shares
Registration: 24.12.1953
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date of Statutes:
28.03.1968
Date of Statutes:
20.03.2012
Date of Statutes:
28.05.1993
Date of Statutes:
26.06.1991
Entry Deleted Name
active Paul Reinhart
AG
26.03.2012 Paul
Reinhart SA (Name translated)
26.03.2012 Paul
Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Technikumstrasse
82, 8400 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
10.07.1991 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
10.07.1991 10,000
Registered shares of CHF 100.--
Title Name
President Jürg Reinhart
Citizen: Winterthur,
Switzerland
Residential address:
Winterthur/ZH, Switzerland
joint signature of two
Vice-President Thomas Paul
Reinhart
Citizen: Winterthur,
Switzerland
Residential address:
Peking, China
joint signature of two
Director Prof. Dr. Ernst
A. Brugger
Citizen: Gossau ZH,
Switzerland
Residential address:
8753 Mollis, Switzerland
joint signature of two
Registered since: 12.11.2008
Director Matthias
Reinhart
Citizen: Winterthur,
Switzerland
Residential address:
8700 Küsnacht /ZH, Switzerland
joint signature of two
Registered since:
12.11.2008
Title Name
Member of the management Jürg
Reinhart
Citizen: Winterthur,
Switzerland
Residential address:
Winterthur/ZH, Switzerland
joint signature of two
Member of the management Rolf
Stahel
Citizen: Elgg,
Switzerland
Residential address:
8404 Winterthur, Switzerland
joint signature of two
Registered since:
13.02.1996
Member of the management Ezio
Vitali
Citizen: Winterthur,
Switzerland
Residential address:
8400 Winterthur, Switzerland
joint signature of two
Registered since:
02.03.2005
Member of the direction Ulrich Curt
Arbenz
Citizen: Winterthur,
Andelfingen, Switzerland
Residential address:
8000 Zürich, Switzerland
joint signature of two
Registered since:
08.09.1998
Member of the direction Daniele
Ballestrin
Citizen: Winterthur,
Switzerland
Residential address: 8400
Winterthur, Switzerland
joint signature of two
Member of the direction Marco
Bänninger
Citizen: Rickenbach ZH,
Switzerland
Residential address:
8352 Winterthur, Switzerland
joint signature of two
Registered since:
13.04.2011
Member of the direction Petra
Bockhahn
Citizen: Germany
Residential address:
Büsingen, Germany
joint signature of two
Member of the direction Stefan
Brändli
Citizen: Wald ZH,
Switzerland
Residential address:
8400 Winterthur, Switzerland
joint signature of two
Registered since:
28.03.2006
Member of the direction Raymond
Neuschwander
Citizen: Bärschwil,
Switzerland
Residential address:
8303 Bassersdorf, Switzerland
joint signature of two
Registered since:
13.02.1996
Member of the direction André
Paratte
Citizen: Winterthur,
Switzerland
Residential address:
Winterthur/ZH, Switzerland
joint signature of two
Registered since:
26.03.2012
Member of the direction Zeki Sahin
Citizen: Winterthur,
Switzerland
Residential address:
8542 Wiesendangen, Switzerland
joint signature of two
Registered since:
29.01.2001
Member of the direction Jürg Stahel
Citizen: Elgg,
Switzerland
Residential address:
8542 Wiesendangen, Switzerland
joint signature of two
Member of the direction Daniel
Suter
Citizen: Gränichen,
Switzerland
Residential address:
8311 Brütten, Switzerland
joint signature of two
Registered since:
13.04.2011
Member of the direction Danny Van
Namen
Citizen: Belgium
Residential address:
8400 Winterthur, Switzerland
joint signature of two
Registered since:
07.02.2008
Title Name
Auditor PricewaterhouseCoopers AG
Residential address:
Winterthur, Switzerland
Id: CH-020.9.001.009-7
Registered since:
12.05.2000
Title Name
Chief Executive Officer Thomas Paul
Reinhart
Name: Reinhart Holding AG
City/Country: Winterthur/ZH,
Switzerland/CH
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Reinhart Holding AG
City/Country: Winterthur/ZH,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 03.07.2014)
Class: 100%
Name: Reinhart Australia Pty
Limited
City/Country: Toowoomba,
Australia/AU
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Reinhart (Beijing) Trading
Co Ltd.
City/Country: Beijing, China/CN
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Reinhart India Private
Limited
City/Country: NEW DELHI/Delhi,
India/IN
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: WINCOT AG
City/Country: Winterthur/ZH,
Switzerland/CH
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
14.11.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2010 2010 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 World Compliance 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.92.99 |
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Euro |
1 |
Rs.67.29 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
TPT |
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.