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Report No. : |
346796 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SAURER COMPONENTS AG |
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Registered Office : |
Bleikenstrasse 11, 9630 Wattwil/SG |
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Country : |
Switzerland |
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Year of Establishment : |
1835 |
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Com. Reg. No.: |
320.3.000.852-3 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
· Manufacture of machinery for textile, apparel and leather production · Manufacture of other special-purpose machinery n.e.c. |
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No. of Employees : |
85 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 |
|
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 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 |
SAURER COMPONENTS
AG
Operating
address:
Bleikenstrasse 11
9630 Wattwil/SG
Switzerland/CH
Telephone: 071
9874444
Fax: 071
9874445
Web
site: http://heberlein.saurer.com
E-mail: info.heberlein@saurer.com
WIN
Worldbox No.: CH0000068558
VAT-No.: CHE-102.693.087 MWST
UID-No.: CHE102693087
Established: 1835
History: 1835: Established from Georg Phillip Heberlein
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
2899 Manufacture of other special-purpose
machinery n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2000 (since
1995)
ISO 13485
(since 2010)
Banks: UBS AG, CH-9620
Lichtensteig, IBAN: CH75 0024 4244 5741 7001N, Swift Code (BIC): UBSWCHZH80A
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 85
Sales: CHF 32,000,000.--
The company develops, produces and sells air
interlacing and air texturing jets for synthetic continuous filament yarns.
Products:
- Air jets: Air migration jets (FibreJet
Migra, PolyJet-2 Migra), Air interlacing jets (BCF-Jet, FibreJet-SP,
FibreJet-TG, PolyJet-BCF TopAir, PolyJet-SP-2), Air interlacing jets
(PolyJet-TG Top Air, PolyJet-TG-2, SlideJet-DT15-5, SlideJet-FT15-2,
SlideJet-HFP15-2, SwissJet), Detorque jets (DetorqueJet-3), Air texturing jets
(ATYJet-RC, HemaJet-EO52, HemaJet-LB04, Jet cores all ceramics, Jet cores
ceramic/steel, TexJet-ATY).
- Aspirators: Lufan-3.
- Splicers: AirSplicer-17-2,
AirSplicer-40-2, AirSplicer-70-2.
- Splice-/ cutting units: DripDetector.
- Aspirating-/ cutting units: CuttingHead I100,
LufanStat-Cut I100.
Services: lead a textile technical center
with various modern filament processing textile machinery, a textile laboratory
for examination and testing of filament yarns. Supervision by team of
experienced yarn technologists and process engineers. Advising clients in
textile engineering, process engineering and economic issues as well as in the
application and the end use of filament yarns. Trials with customers in the
fields of air jet texturing yarns, false-twist texturing, air turbulence, Air
Covering and splicing and implementation of technical textile studies and tests
on internally produced and advances to customers yarns.
Real
Estate: The company does
not appear to own any property.
Company
No: 320.3.000.852-3
UID-No.: CHE102693087
Legal
form: Company limited by
shares
Registration: 14.01.1950
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Statutes:
06.01.1983
Date of
Incorporation Statutes: 07.01.1950
Date of
Statutes: 09.07.2013
Date of
Statutes: 28.04.2009
Date of
Statutes: 27.07.2007
Date of
Statutes: 18.05.2006
Date of
Statutes: 05.12.2003
Date of
Statutes: 17.06.1997
Entry Deleted Name
16.07.2013 Saurer
Components AG
16.07.2013 Saurer
Components SA (Name translated)
16.07.2013 Saurer
Components Inc. (Name translated)
removed Apag Apparatebau AG
removed Apag Apparatebau AG Goldach
20.06.1997 Heberlein Maschinenfabrik AG
20.06.1997 Heberlein Machine Works Ltd.
09.08.2007 16.07.2013 Oerlikon Heberlein Temco Wattwil AG
09.08.2007 16.07.2013 Oerlikon Heberlein Temco Wattwil Inc. (Name
translated)
11.12.2003 09.08.2007 Heberlein Fiber Technology Inc. (Name
translated)
20.06.1997 09.08.2007 Heberlein Fasertechnologie AG
20.06.1997 09.08.2007 Heberlein Fibertechnology, Inc. (Name
translated)
Entry Deleted Legal domicile
active Wattwil,
Switzerland
Entry Deleted Address
active Bleikenstrasse
11, 9630 Wattwil/SG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 1,000
Registered shares of CHF 1,000.--
Title Name
President Jörg
Spahlinger
Citizen:
Germany
Residential
address: Oberthulba, Germany
joint
signature of two
Registered
since: 18.08.2008
Director Zeng
Zhengping
Citizen:
Germany
Residential
address: Shanghai, China
joint
signature of two
Registered
since: 11.10.2013
Title Name
Member
with signing authority Roman Haefeli
Citizen:
Mümliswil-Ramiswil, Switzerland
Residential
address: Uerikon (Stäfa), Switzerland
joint
signature of two
Registered
since: 11.10.2013
Member
with signing authority Klaus Lorenz
Citizen:
Germany
Residential
address: Stockach, Germany
joint
signature of two
Registered
since: 15.10.2013
Member
with signing authority Hans Rudolf
Spielhofer
Citizen:
Luzern, Switzerland
Residential
address: Wattwil, Switzerland
joint
signature of two
Registered
since: 26.06.2014
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: St. Gallen, Switzerland
Id:
CHE-364.598.872
Registered
since: 09.12.2013
Name: Jiangsu Jinsheng
Industry Co., Ltd.
City/Country: Jintan, China/CN
No.
of owner/-s: 1
Owner: The company is domestic
owned.
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
23.12.2013 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
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.
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 good.
Payment
experiences: Financial obligations are
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
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|
Report Prepared
by : |
NIT |
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.