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Report No. : |
345616 |
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Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AMSLER TEX AG |
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Registered Office : |
Eichacherstrasse 5, 8904 Aesch/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
16.03.1983 |
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Com. Reg. No.: |
020.3.901.230-8 |
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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. |
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No. of Employees : |
30 |
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 : |
Unknown |
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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 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 |
AMSLER TEX AG
Operating
address:
Eichacherstrasse 5
8904 Aesch/ZH
Switzerland/CH
Telephone: 044 7399100
Fax: 044
7399104
Web
site: http://www.amslertex.com
E-mail: sales@amslertex.com
WIN
Worldbox No.: CH0000411742
VAT-No.: CHE-108.062.293 MWST
UID-No.: CHE108062293
Established: 1983
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 30
Sales: CHF 10-20 Mio
The company specialises with the
modification of garns and focuses on developement and production of machines
for a improved composition of the garn, during the spinning process.
All activities are concentrated efficiently
under one roof. The company is represented in more than 50 countries. Additionally, there is a global
team of erectors responsible for ongoing installations and maintenance
services. The upgrades and modifications are offered for following system
groups: Ringspin System, Open-End System, Core System, Injection System,
Auxiliary System.
The company exports to the following
counties: Australia, Bangladesh, Hong Kong, China, Indonesia, India, Japan,
Korea, Taiwan, Thailand, Philippines, Egypt, Marocco, South Africa, Tunesia,
Canada, USA, Argentina, Brasil, Chile, Columbia, El Salvador, Guatemala,
Nicaragua, Honduras, Mexico, Peru, Venezuela, Belgium, France, Greece, Italy,
Portugal, Slovenia, Croatia, Macedonia, Bosnia-Herzegovina, Serbia and
Montenegro, Spain, Iran, Pakistan, Syria, Turkey, Usbekistan, Kasachstan.
Real
Estate: It is understood
that the company owns certain property.
Company
No: 020.3.901.230-8
UID-No.: CHE108062293
Legal
form: Company limited by
shares
Registration: 16.03.1983
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
24.06.2002
Date of
Statutes: 05.02.1998
Date of
Statutes: 31.10.1994
Date of
Statutes: 11.07.1990
Entry Deleted Name
16.07.2002 Amsler
Tex LTD (Name translated)
16.07.2002 Amsler
Tex SA (Name translated)
11.11.1994 Amsler
Tex AG
13.08.1990 11.11.1994 Amsler - IRO AG
Entry Deleted Legal domicile
17.03.1998 Aesch
(ZH), Switzerland
13.08.1990 17.03.1998 Zürich, Switzerland
Entry Deleted Address
17.03.1998 Eichacherstrasse
5, 8904 Aesch bei Birmensdorf/ZH, Switzerland/CH
13.08.1990 17.03.1998 Hermetschloostrasse 75, 8048 Zürich/ZH,
Switzerland/CH
Entry Deleted Capital
16.07.2002 Share
Capital CHF 500,000, paidup CHF 500,000
16.07.2002 Share Capital CHF 50,000, paidup CHF 50,000
Entry Deleted Capital Structure
16.07.2002 500
Registered shares of CHF 1,000.--
13.08.1990 16.07.2002 500 Registered shares of CHF 100.--
Title Name
President,
Chief Executive Dr. Raoul Bloch
Citizen:
Aarau, Switzerland
Residential
address: 8702 Zollikon/ZH, Switzerland
single
signature
Registered
since: 06.12.2005
Director Dr.
Sebastian Burckhardt
Citizen:
Basel, Switzerland
Residential
address: 4125 Riehen/BS, Switzerland
joint
signature of two
Registered
since: 06.12.2005
Title Name
Auditor Valiba
Treuhand AG
Residential
address: Basel, Switzerland
Registered
since: 06.12.2005
Title Name
Chief
Executive Officer Dr. Raoul
Bloch
No.
of owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Name: Dr. Raoul Bloch
City/Country: Zollikon/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 06.12.2005)
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
05.07.2010 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
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.
Debt collection case:
JUN 2010: CHF 5'460.00, paid.
MAY 2011: CHF 307.85, paid.
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: There are no unfavourable
reports regarding the financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
|
|
-- |
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.