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MIRA INFORM REPORT
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Report No. : |
502587 |
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Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MAX MÜLLER AG |
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Registered Office : |
Hagmattstrassse 19, 4123 Allschwil/BL |
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Country : |
Switzerland |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
270.3.004.145-4 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
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Engineering activities and related technical consultancy ·
Manufacture of bearings, gears, gearing and driving elements |
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No. of Employees : |
35 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.
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.
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Source
: CIA |
Company name and address
MAX MÜLLER AG,
INGENIEURBÜRO FÜR ANTRIEBSTECHNIK
Operating Address:
Hagmattstrassse 19
4123 Allschwil/BL
Switzerland/CH
Telephone: +41
614879292
Fax: +41
614879299
Web site: http://www.maxmuellerag.ch
E-mail: att@maxmuellerag.ch
WIN Worldbox No.: CH0000379826
VAT-No.: CHE-100.117.163
MWST
UID-No.: CHE100117163
Profile
Established: 1994
Line of Business: Engineering/Architecture, Machinery
Industry Division: Services, Manufacturing
Industry-code (NACE): 7112 Engineering
activities and related technical consultancy
2815 Manufacture of bearings, gears, gearing
and driving elements
Import/Export: Export
Quality certification: ISO 9001:2008 (since 1999)
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 35
Sales: CHF
6-8 Mio
Activity
The company engages
in the development, manufacture and distribution of low-backlash to
backlash-free planetary gearheads for highly dynamic drive solutions,
low-backlash worm gear sets and worm gears as well as high-precision
turntables. In addition, the company supplies conventional drives for general
engineering.
Products:
- Components for
servo drive systems
- Components for
drive technology
Operations and Branches:
At the address,
Hagmattstrasse 19, 4123 Allschwil, Switzerland, we find the company's
headuqarters.
Real
Estate
Real Estate: The
company does not appear to own any property.
Company
Register
Company No: 270.3.004.145-4
UID-No.: CHE100117163
Legal form: Company
limited by shares
Registration: 20.01.2003
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date
of Incorporation Statutes: 05.12.1994
Date
of Statutes: 16.01.2003
Entry Deleted Name
active Max
Müller AG, Ingenieurbüro für Antriebstechnik
Entry Deleted Legal domicile
20.01.2003 Allschwil,
Switzerland
20.01.2003 Basel, Switzerland
Entry Deleted Address
20.01.2003 Hagmattstrassse
19, 4123 Allschwil, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 200,000, paid up CHF 200,000
Entry Deleted Capital Structure
active 2,000
Registered shares of CHF 100.--
Official
Administration
Title Name
President Müller,
Dr. Hans Georg Ulrich
Citizen:
Basel, Zürich, Switzerland
Residential
address: 4312 Magden, Switzerland
single
signature
Director Müller,
Philipp Emanuel Martin
Citizen:
Basel, Zürich, Switzerland
Residential
address: Laax, Switzerland
single
signature
Registered
since: 28.05.2004
Management
Title Name
Member with procuration Blenny, Stéphane
Citizen:
France
Residential
address: Waltenheim , France
joint
power of attorney of two
Registered
since: 19.03.2018
Member with procuration Brechbühler, Marco
Citizen:
Basel, Huttwil, Switzerland
Residential
address: Basel, Switzerland
joint
power of attorney of two
Registered
since: 19.03.2018
External
Positions
Title Name
Auditor Treyer
Treuhand AG,
Residential
address: Basel, Switzerland
Id:
CHE-100.713.827
Ultimate
Parent Company
Name: Max
Müller Holding AG
City/Country: Allschwil/BL,
Switzerland/CH
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Max
Müller Holding AG
City/Country: Allschwil/BL,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Investments
It is believed that
the company has no investments.
Sisters
Name: Max Müller AG,
Beleuchtungstechnik und Schauglasarmaturen
City/Country: Allschwil/BL,
Switzerland/CH
Name: Max Müller AG,
Immobilien
City/Country: Allschwil/BL, Switzerland/CH
Name: Max Müller
Beleuchtungstechnik und Schauglasarmaturen GmbH
City/Country: Unna/Nordrhein-Westfalen,
Germany/DE
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
07.06.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
No legal actions
determined.
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
We did not find the
company included on the various international sanctions lists, such as the OFAC
(Office of Foreign Assets Control), the BIS (Bureau of Industry and Security),
the European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
Payment
experiences
Payment experiences
are considered to be in order.
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: Payments are made with arranged conditions.
Credit Opinion: Credit
to the recommended limit should be acceptable but should be monitored on a
regular basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.35 |
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1 |
INR 92.70 |
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Euro |
1 |
INR 80.80 |
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CHF |
1 |
INR 67.76 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.