|
Report No. : |
340719 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRESSTRADE AG |
|
|
|
|
Registered Office : |
Angensteinerstrasse 6, 4153 Reinach/BL |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Year of Establishments : |
2004 |
|
|
|
|
Com. Reg. No.: |
270.3.013.467-9 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
The business activities includes trading and international
sales of equipment of forging, especially forging, forging and cold extrusion |
|
|
|
|
No. of Employees : |
6 |
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 |
PRESSTRADE AG
Angensteinerstrasse
6
4153 Reinach/BL
Switzerland/CH
Telephone: 061
7162000
Fax: 061
7162010
Web
site: http://www.presstrade.com
E-mail: info@presstrade.ch
WIN
Worldbox No.: CH0006475888
VAT-No.: CHE-112.044.996 MWST
UID-No.: CHE112044996
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other machinery and
equipment
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 6
Sales: CHF
4-6 Mio
The business activities
includes trading and international sales of equipment of forging, especially
forging, forging and cold extrusion in Switzerland. The company is a partner of
contact for all kinds of process optimization and automation to overhauls of
large and special machines and equipment. One focus of the company lies in the field
of engineering. The development of technical solutions,
constructions and services are their strengths. The company takes over the
exclusive representation for Anyang Forging Press Machinery in Europe. Other
services include installation service, overhaul, service, control and plant
engineering.
The company has foreign
representations in Italy, Spain, Japan, Turkey, Poland, UK, Romania and India.
Information on property
ownership was not available.
Company No: 270.3.013.467-9
UID-No.: CHE112044996
Legal form: Company
limited by shares
Registration: 16.09.2005
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date
of Statutes: 01.10.2014
Date
of Statutes: 14.09.2005
Date
of Incorporation Statutes: 15.10.2004
Entry Deleted Name
19.10.2004 Presstrade
AG
19.10.2004 Presstrade
Ltd (Name translated)
19.10.2004 Presstrade
SA (Name translated)
Entry Deleted Legal domicile
16.09.2005 Reinach
BL, Switzerland
19.10.2004 16.09.2005 Basel, Switzerland
Entry Deleted Address
15.06.2009 Angensteinerstrasse
6, 4153 Reinach/BL, Switzerland/CH
16.09.2005 15.06.2009 Römerstrasse 3, 4153 Reinach, Switzerland/CH
19.10.2004 16.09.2005 Elisabethenstrasse 3, 4000 Basel/BS,
Switzerland/CH
Entry Deleted Capital
19.10.2004 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
19.10.2004 100
Registered shares of CHF 1,000.--
Title Name
President Christine
Braun
Citizen: Germany
Residential
address: 4000 Basel, Switzerland
single
signature
Registered
since: 19.10.2004
Director Philipp
Thüring
Citizen:
Ettingen, Oberwil BL, Switzerland
Residential
address: Oberwil/BL, Switzerland
single
signature
Registered
since: 14.09.2012
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
26.09.2011 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.
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: There are no objections regarding the payment of financial
obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.93 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.