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Report No. : |
338861 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SIUS AG |
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Registered Office : |
Im Langhag 1, 8307 Effretikon/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1949 |
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Com. Reg. No.: |
020.3.923.989-0 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of Instruments and Appliances for Measuring, Testing and
Navigation. |
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No. of Employees : |
60 |
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 |
SIUS AG
Im Langhag 1
8307 Effretikon/ZH
Switzerland/CH
Telephone: 052
3546060
Fax: 052
3546066
Web
site: http://www.sius.com
E-mail: info@sius.com
WIN
Worldbox No.: CH0001494678
VAT-No.: CHE-107.937.782 MWST
UID-No.: CHE107937782
Established: 1949
History: 1982: Limited company
1949: Established from Robert Schöttli
Line
of Business: Measurement and
control technology
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Quality
certification: ISO 9001:2000 (since
1997)
Banks: CS Credit Suisse
UBS Ltd
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 60
Sales: CHF 21,000,000.--
The business activities are the development,
manufacture and distribution of electronic scoring systems for sports, military
and police. Products are electronic measuring slices in small bore and
Compressed air range - this with the highest precision. Own developed brands
are LS10 LASERSCORE® (world's first laser disc for pneumatic guns and
small-bore rifle) and HS25 / 50 HYBRIDSCORE® - (world's first hybrid disc for
pistol and small bore rifle). In Switzerland are now more than 12,000
installations in over 1,000 shooting ranges in operation. The products are sold
through distributors worldwide.
Information on property ownership was not
available.
Company
No: 020.3.923.989-0
UID-No.: CHE107937782
Legal
form: Company limited by
shares
Registration: 05.04.1982
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes: 19.07.1990
Date of
Statutes: 17.11.1993
Date of
Statutes: 15.07.1991
Entry Deleted Name
active Sius
AG
active Sius
Ltd (Name translated)
active Sius
SA (Name translated)
Entry Deleted Legal domicile
active Illnau-Effretikon,
Switzerland
removed Volketswil, Switzerland
Entry Deleted Address
active Im
Langhag 1, 8307 Effretikon, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 950,000, paidup CHF 950,000
Entry Deleted Capital Structure
17.12.1993 950 Registered
shares of CHF 1,000.--
Title Name
Director Hans-Rudolf
Walti
Citizen:
Seon, Winterthur, Switzerland
Residential
address: Winterthur, Switzerland
single
signature
Title Name
Member
with procuration Johannes
Balmer
Citizen:
Wilderswil, Switzerland
Residential
address: Uster, Switzerland
joint
power of attorney of two
Registered
since: 02.04.2014
Member
with procuration Daniel
Isliker
Citizen:
Winterthur, Switzerland
Residential
address: Elgg, Switzerland
joint
power of attorney of two
Registered
since: 12.07.2012
Member
with procuration Sibylle
Schiliger
Citizen:
Weggis, Switzerland
Residential
address: Fruthwilen, Switzerland
joint
power of attorney of two
Registered
since: 26.06.1996
Title Name
Auditor Wirtschafts-Treuhand
Auctor Schwyz AG
Residential
address: Schwyz, Switzerland
Id:
CHE-105.739.018
Registered
since: 28.01.2010
Title Name
Chief
Executive Officer Daniel
Isliker (daniel.isliker@sius.com)
Chief
Marketing Officer, Chief Sales Officer Daniel
Brantschen (daniel.brantschen@sius.com)
Chief
Sales Officer Roland
Jordi (roland.jordi@sius.com)
Chief
Production Officer Johannes
Balmer (johannes.balmer@sius.com)
Chief
Purchase Officer Thomas
Fröhlich (thomas.froehlich@sius.com)
Chief
Quality Assurance Officer Peter Mathys
(peter.mathys@sius.com)
Name: Sius Holding AG
City/Country: Zug/ZG, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 50-100%
Name: Sius Holding AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 98,74% voting right,
98,74% capital interest (since 03.05.1988)
Name: SIUS INTERNATIONAL AG
City/Country: Effretikon/ZH, Switzerland/CH
Name: SIUS Target Systems
USA, Inc
City/Country: Irmo/South Carolina, United
States of America/US
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
14.10.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
22.04.2009 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
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.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
|
<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.