MIRA INFORM REPORT

 

 

Report No. :

351157

Report Date :

28.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DENTELLA CHP

 

 

Registered Office :

Via Stefano Franscini 35, 6500 Bellinzona/TI

 

 

Country :

Switzerland

 

 

Date of Incorporation :

26.06.2013

 

 

Com. Reg. No.:

501.1.016.334-1

 

 

Legal Form :

Sole Proprietorship/Trader

 

 

Line of Business :

Engineering Activities and Related Technical Consultancy.

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 


 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

Company Name and Address

 

DENTELLA CHP

 

Operating address:

Via Stefano Franscini 35

6500 Bellinzona/TI

Switzerland/CH

 

Telephone:                   079 1535234

 

Web site:                      http://www.dchp.ch

E-mail:                         info@dchp.ch

 

WIN Worldbox No.:       CH0009869655

VAT-No.:                      CHE-203.402.614 MWST

UID-No.:                       CHE203402614

 

 

Profile

 

Established:                 2013

Line of Business:          Engineering/Architecture

Industry Division:          Services

Industry-code (NACE):  7112       Engineering activities and related technical consultancy

Banks:                          unknown

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2015

Employees:                  5

Sales:                          CHF 3,500,000.--

 

 

Activity

 

The company is a Swiss base engineering company, mostly focused in Industrial installations. The company offers its services to several industrial sectors, mostly being focused on process and plant upgrading for metallurgical plants (ferrous/non ferrous metals), oil and gas processing plants, chemical complex.

 

The company also operates the european technologies gate (www.eurotechgate.eu).

 

 

Real Estate

 

Real Estate:                  The company does not appear to own any property.

 

 

Company Register

 

Company No:               501.1.016.334-1

UID-No.:                       CHE203402614

Legal form:                   Sole proprietorship/trader

Registration:                 26.06.2013

Legal status:                 active

Responsible Register:   Registro di commercio del Cantone Ticino

 

Entry          Deleted      Name

26.06.2013                    Dentella CHP

 

Entry          Deleted      Legal domicile

26.06.2013                    Bellinzona, Switzerland

 

Entry          Deleted      Address

26.06.2013                    via Stefano Franscini 35, 6500 Bellinzona/TI, Switzerland/CH

 

 

Official Administration

Title                                           Name

Owner                                         Francesco Dentella

                                                  Citizen: Italy

                                                  Residential address: Bellinzona, Switzerland

                                                  single signature

                                                  Registered since: 26.06.2013

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Francesco Dentella

 

 

Direct owner/-s

No. of owner/-s:            1

Owner:                         The company is privately owned.

 

 


Investments

 

It is believed that the company has no investments.

 

 

Financials

 

Balance sheet publication:     

The subject company does not publish balance sheet or turnover figures.

 

 

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.

 

 

Sanctions List

 

The company is not listed in the WorldCompliance database.

 

 

Payment experiences

 

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.

 

 

Credit Information 

 

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:   Unknown

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

CHF

1

Rs.64.86

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

NIT

 

               


 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.