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Report No. : |
347885 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SYNSOL AG |
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Registered Office : |
Huobmattstrasse 5, 6045 Meggen/LU,
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
20.05.1999 |
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Com. Reg. No.: |
100.3.022.581-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Trading (mainly transit trade) with petrochemical products |
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No. of Employee : |
5 |
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 |
|
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 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 to 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 continue 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 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
SYNSOL AG
Operating address:
Huobmattstrasse 5
6045 Meggen/LU
Switzerland/CH
Telephone: 041
3770001
Fax: 041
3770007
Web site: http://www.synsol.ch
E-mail: logistik@synsol.ch
WIN Worldbox No.: CH0003647936
VAT-No.: CHE-105.154.473
MWST
UID-No.: CHE105154473
Established: 1999
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4671 Wholesale of
solid, liquid and gaseous fuels and related products
4675 Wholesale of chemical products
Import/Export: Import, Export
Banks: LUKB
Luzerner Kantonalbank
Coverage: Company
Figures: approximately
Financial year: 2015
Employees: 5
The business includes trading (mainly transit trade) with petrochemical
products. The sale takes place in Europe, Northern Africa and the Middle East. The
activity unwinds at the international level.
Real Estate: The
company owns no property.
Company No: 100.3.022.581-2
UID-No.: CHE105154473
Legal form: Company
limited by shares
Registration: 20.05.1999
Legal status: active
Responsible Register: Handelsregister des Kantons Luzern
History: Date
of Statutes: 11.12.2001
Date
of Incorporation Statutes: 11.05.1999
Entry Deleted Name
03.01.2002 Synsol
AG
20.05.1999 03.01.2002 Mossgas Eurochem AG
Entry Deleted Legal domicile
20.05.1999 Meggen,
Switzerland
Entry Deleted Address
03.03.2005 Huobmattstrasse
5, 6045 Meggen, Switzerland/CH
20.05.1999 03.03.2005 Luzernerstrasse 21, 6045 Meggen/LU,
Switzerland/CH
Entry Deleted Capital
20.05.1999 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
20.05.1999 100
Registered shares of CHF 1,000.--
Title Name
Director Ole
Lobato
Citizen:
Denmark
Residential
address: Adligenswil, Switzerland
single
signature
Registered
since: 05.03.2012
Title Name
Auditor Krütli
& Partner AG
Residential
address: Luzern, Switzerland
Id:
CHE-105.094.204
Registered
since: 20.05.1999
Owner: The
company is privately 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
13.11.2013 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.
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 difficult to assess.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.