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Report No. : |
338022 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ZEHNDER & SOMMER AG |
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Registered Office : |
Saanefeldstrasse 2, 3178 Bösingen/FR CH |
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Country : |
Switzerland |
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Date of Incorporation : |
22.05.2001 |
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Com. Reg. No.: |
229.0.631.136-3 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is supplier of solutions in the field of feeding technology |
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No. of Employee : |
35 |
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 |
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Risk Category |
ECGC
Classification |
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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 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 |
ZEHNDER
& SOMMER AG
Operating
address:
Saanefeldstrasse 2
3178 Bösingen/FR
Switzerland/CH
Telephone: 031
7405050
Fax: 031
7405051
Web
site: http://www.zehndersommer.com
E-mail: info@zehndersommer.com
WIN
Worldbox No.: CH0004985918
VAT-No.: CHE-109.026.265 MWST
UID-No.: CHE109026265
Established: 2001
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 3320 Installation of industrial machinery and
equipment
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 35
Sales: CHF 12,000,000.--
The company is a leading supplier of
solutions in the field of feeding technology. Products are:
- Performance Feeders (model series EV
112-132 TM, EV 12-22 TK)
- Compact feeders (model series EVM 40 A,
040-220 DG EVD, EVD 040-220 DG / S)
- Foil feeders (EVF TM 520-1020, 620-1020
EVS TM)
- Clamp Feeders (EZL 100-80, J 380, J 341)
- Pneumatic Cutters (P120-320, J 300 800)
- Special Feeders (Zigzag, EV 220-520 AG)
- Special Systems
Solutions are distributed in the sectors of
automotive, electronics, contact and wire technology, cosmetic, pharmaceutical,
household, construction, packaging, watchindustry and many more. In addition to
direct sales, numerous feed units are also integrated by OEM partners in their
own products and used worldwide. Further locations in Witten/DE and by ermalo
in Singapore.
Information on property ownership was not
available.
Company
No: 229.0.631.136-3
UID-No.: CHE109026265
Legal
form: Company limited by
shares
Registration: 22.05.2001
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
History: Date of Statutes: 25.10.2013
Date of
Statutes: 18.06.2010
Date of
Incorporation Statutes: 18.05.2001
Entry Deleted Name
29.06.2010 Zehnder
& Sommer AG
22.05.2001 29.06.2010 GKZ Holding AG
Entry Deleted Legal domicile
22.05.2001 Bösingen,
Switzerland
Entry Deleted Address
22.05.2001 Saanefeldstrasse
2, 3178 Bösingen, Switzerland/CH
Entry Deleted Capital
06.11.2013 Share
Capital CHF 510,000, paidup CHF 510,000
22.05.2001 06.11.2013 Share Capital CHF 210,000, paidup CHF 210,000
Entry Deleted Capital Structure
06.11.2013 510
Registered shares of CHF 1,000.--
22.05.2001 06.11.2013 210 Registered shares of CHF 1,000.--
Title Name
Director Erich
Markus Lohner
Citizen:
Thun, Switzerland
Residential
address: Merlischachen, Switzerland
single
signature
Registered
since: 07.06.2013
Title Name
General
Manager Erich
Markus Lohner
Citizen:
Thun, Switzerland
Residential
address: Merlischachen, Switzerland
single
signature
Registered
since: 07.06.2013
Title Name
Auditor Controva
AG
Residential
address: Zürich, Switzerland
Id:
CHE-112.126.973
Registered
since: 07.02.2014
Title Name
Chief
Executive Officer Erich
Markus Lohner
(e.lohner@zendersommer.com)
Chief
Financial Officer Sandra
Wettstein (s.wettstein@zehndersommer.com)
Chief
Operating Officer Markus
Kasper (m.kasper@zehndersommer.com)
Name: ermalo ag
City/Country: Hünenberg See/ZG, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: ermalo ag
City/Country: Hünenberg See/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 01.11.2013)
Class: 100%
Name: ZEHNDER & SOMMER
GmbH
City/Country: Witten/Nordrhein-Westfalen,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 15.04.2007)
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
28.02.2012 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.
Debt collection case:
DEC 2014: CHF 1'112.00, in process.
MAR 2013: CHF 421.00, booked up.
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 objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.23 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ASH |
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 |
|
<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.