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Report No. : |
321709.2 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHMID TELECOM AG |
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|
|
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Registered Office : |
Binzstrasse 35 8045 Zürich/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
20.06.1991 |
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Com. Reg. No.: |
020.3.000.790-4 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is a global leader in network solutions for digital voice and data
transfer and voice communication systems used in air traffic control. |
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No. of Employee : |
80-149 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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|
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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 |
|
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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
SCHMID TELECOM AG
Operating
address:
Binzstrasse 35
8045 Zürich/ZH
Switzerland/CH
Telephone: 044
4561111
Fax: 044
4669292
Web
site: http://www.schmid-telecom.ch
E-mail: contact@schmid-telecom.ch
WIN
Worldbox No.: CH0000468857
VAT-No.: CHE-106.469.123 MWST
UID-No.: CHE106469123
Established: 1967
History: 1967: Established from Paul Schmid
Line
of Business: Electro technology
Industry
Division: Manufacturing
Industry-code (NACE): 2630 Manufacture of communication equipment
Import/Export: Export
Banks: CS Credit Suisse
Coverage: Company
Employees: 80-149
Sales: CHF 60-80 Mio
The company is a global leader in network
solutions for digital voice and data transfer and voice communication systems
used in air traffic control.
Information on property ownership was not available.
Company
No: 020.3.000.790-4
UID-No.: CHE106469123
Legal
form: Company limited by
shares
Registration: 20.06.1991
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
01.03.1994
Date of
Incorporation Statutes: 17.06.1991
Entry Deleted Name
20.06.1991 Schmid
Telecom AG
Entry Deleted Legal domicile
20.06.1991 Zürich,
Switzerland
Entry Deleted Address
03.10.1991 Binzstrasse
35, 8045 Zürich/ZH, Switzerland/CH
20.06.1991 03.10.1991 Rieterstrasse 6, 8002 Zürich/ZH,
Switzerland/CH
Entry Deleted Capital
20.06.1991 Share
Capital CHF 2,000,000, paidup CHF 2,000,000
Entry Deleted Capital Structure
20.06.1991 2,000
Registered shares of CHF 1,000.--
Title Name
President Paul Schmid
Citizen:
Zollikon, Switzerland
Residential
address: Zollikon/ZH, Switzerland
joint
signature of two
Registered
since: 20.06.1991
Chief
Executive Peter
Schmid
Citizen:
Zollikon, Switzerland
Residential
address: Zollikon/ZH, Switzerland
joint
signature of two
Registered
since: 20.10.1999
Director Christine
Schmid
Citizen:
Zollikon, Switzerland
Residential
address: Zollikon/ZH, Switzerland
joint
signature of two
Registered
since: 20.06.1991
Title Name
Vice-Director Ronny Colotto
Citizen:
Zürich, Switzerland
Residential
address: Fällanden, Switzerland
joint
signature of two
Registered
since: 13.06.2002
Vice-Director Marek Salwa
Citizen:
Würenlingen, Switzerland
Residential
address: Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 09.11.1998
Member
with procuration Renzo S.
Curty
Citizen:
Begnins, Switzerland
Residential
address: Turgi, Switzerland
joint
power of attorney of two
Registered
since: 22.03.2006
Member
with procuration Urs Diem
Citizen:
Herisau, Switzerland
Residential
address: Wängi, Switzerland
joint
power of attorney of two
Registered
since: 26.01.1993
Member
with procuration Ernst Kälin
Citizen:
Einsiedeln, Switzerland
Residential
address: Berikon, Switzerland
joint
power of attorney of two
Registered
since: 02.10.2000
Member
with procuration Susanne Meier
Citizen:
Zürich, Switzerland
Residential
address: Schlieren/ZH, Switzerland
joint
power of attorney of two
Registered
since: 22.03.2006
Member
with procuration Tiziano
Scalise
Citizen:
Italy
Residential
address: Andelfingen, Switzerland
joint
power of attorney of two
Registered
since: 22.03.2006
Member
with procuration Daniel
Weideli
Citizen:
Zürich, Switzerland
Residential
address: Nürensdorf, Switzerland
joint
power of attorney of two
Registered
since: 09.11.1998
Title Name
Auditor Rödl
& Partner AG
Residential
address: Unterengstringen, Switzerland
Id: CHE-113.897.435
Registered
since: 19.02.2015
Title Name
Chief
Executive Officer Peter Schmid
(peter.schmid@schmid-telecom.ch)
Name: Schmid Telecom Holding
AG
City/Country: Zürich/ZH, Switzerland/CH
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Remarks: about about about about about
Operating revenue 62,000.0 62,000.0 61,000.0 60,000.0 58,000.0
Capital 2,000.0 2,000.0 2,000.0 2,000.0 2,000.0
Sales per Employee 443.0 443.0 436.0 429.0 414.0
Employees at year end 140 140 140 140 140
Employees inland 140 140 140 140 140
Employees abroad 0 0 0 0 0
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Schmid Telecom Holding
AG
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Schmid Telecom Beijing
Ltd
City/Country: Beijing, China/CN
Name: Schmid Telecom Brasil
Ltda
City/Country: Sao Paulo, Brazil/BR
Name: Schmid Telecom France
Ltd
City/Country: Montigny le Bretonneux,
France/FR
Name: Schmid Telecom Russia
Ltd
City/Country: Moskau, Russia/RU
Name: Schmid Telecom
Shanghai Ltd
City/Country: Shanghai, China/CN
Name: Schmid Telecom
Singapore Ltd
City/Country: Singapore, Singapore/SG
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
03.09.2014 2014 19 1,106,572.-- Open legal actions
03.09.2014 2014 12 8,579,340.-- Opposition filed
03.09.2014 2014 9 694,147.-- Distraints
03.09.2014 2014 33 3,558,289.-- Threat of bankruptcy-liquidation
31.12.2013 2013 7 8,948.-- Open legal actions
31.12.2013 2013 14 442,819.-- Paid legal actions
31.12.2013 2013 9 3,429,416.-- Opposition filed
31.12.2013 2013 12 1,793,397.-- Distraints
31.12.2013 2013 59 2,041,140.-- Threat of bankruptcy-liquidation
31.12.2012 2012 1 1,908,766.-- Open legal actions
31.12.2012 2012 20 337,198.-- Paid legal actions
31.12.2012 2012 4 708,080.-- Opposition filed
31.12.2012 2012 2 2,503,819.-- Threat of bankruptcy-liquidation
31.12.2011 2011 27 1,049,928.-- Paid legal actions
31.12.2011 2011 5 5,000,600.-- Opposition filed
31.12.2011 2011 29 528,130.-- Threat of bankruptcy-liquidation
31.12.2010 2010 8 45,305.-- Open legal actions
31.12.2010 2010 16 365,835.-- Paid legal actions
31.12.2010 2010 3 1,564,340.-- Opposition filed
31.12.2010 2010 25 883,690.-- Threat of bankruptcy-liquidation
31.12.2009 2009 4 185,141.-- Legal actions
31.12.2009 2009 7 396,185.-- Paid legal actions
31.12.2008 2008 3 4,512,975.-- Legal actions
31.12.2008 2008 1 34,622.-- Paid legal actions
31.12.2008 2008 1 4,464,509.-- Opposition filed
31.12.2007 2007 1 24,726.-- Legal actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
Official bankruptcy notices :
The law only provides for disclosures of
ongoing bankruptcy proceedings as follows:-
The publication of the bankruptcy, The closure
of a case for lack of assets, A bankruptcy revocation,
The sale of the inventory, The
collocation/settlement plan (possibly with disclosure of liabilities), An
auction and The publication of the bankruptcy is concluded. This information is
published in the Swiss Official Gazette of Commerce (SOGC/SHAB).
Result of the check in the SOGC/SHAB
11.09.2014: Since the company's inception no bankruptcy reports have been
published.
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.
Debt collection case:
MAR 2015: CHF 312.00.
OCT 2014: CHF 192.00.
APR 2014: CHF 4'171.00.
FEB 2014: CHF 999.00, booked up.
DEC 2013: CHF 2'210.00.
OCT 2013: CHF 456.00.
OCT 2013: CHF 2'989.00, partial payments.
JUN 2013: CHF 150.00, bankruptcy petition.
MAY 2013: CHF 262.00, bankruptcy petition.
MAY 2013: CHF 117.00, bankruptcy petition.
NOV 2012: CHF 1'195.00, partial payments.
NOV 2012: CHF 3'842.00, booked up.
OCT 2012: CHF 445.00, bankruptcy petition.
JUL 2012: CHF 59'515.00, booked up.
JUL 2012: CHF 23'546.00, payment after sought
bankruptcy.
JUL 2012: CHF 8'563.00, bankruptcy petition.
JUL 2012: CHF 7'236.00, bankruptcy petition.
MAY 2012: CHF 1'274.00, bankruptcy petition.
JAN 2012: CHF 115.00, paid.
NOV 2011: CHF 793.00, bankruptcy petition.
NOV 2011: CHF 208.00, continued petition
JUN 2011: CHF 11'486.00, continued petition
OCT 2010: CHF 41'079.00, bankruptcy
petition.
MAR 2010: CHF 635.00, bankruptcy petition.
NOV 2009: CHF 323.00, paid.
OCT 2008: CHF 2'509.00, paid.
JUL 2008: CHF 40'870.00, paid.
DEC 2007: CHF 1'176.00, payment open.
JAN 2004: CHF 68.00, paid.
Financial
Situation: The financial situation
appears to be extremely poor.
Payment
experiences: The financial obligations
are met extremely slowly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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.