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MIRA INFORM REPORT
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Report No. : |
503967 |
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Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SWISS RIDES AG |
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Registered Office : |
Lochriet, 8890 Flums/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
08.10.2008 |
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Com. Reg. No.: |
320.3.064.118-0 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The company
engages in the planning, design and construction of building projects with a focus
to theme and amusement parks, Ferris Wheels and People Moving Infrastructures |
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No. of Employees : |
80-149 |
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 : |
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
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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
Swiss Rides AG
Operating address:
Lochriet
8890 Flums/SG
Switzerland/CH
Telephone: +41 817201060
Fax: +41
817201061
Web site: http://www.swiss-rides.com
E-mail: info@swiss-rides.com
WIN Worldbox No.: CH0008034431
VAT-No.: CHE-114.534.260 MWST
UID-No.: CHE114534260
Profile
Established: 2008
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2822 Manufacture
of lifting and handling equipment
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 80-149
Activity
The company
engages in the planning, design and construction of building projects with a
focus to theme and amusement parks, Ferris Wheels and People Moving
Infrastructures.
Products:
- Ferris
Wheel
- Tow
Boat Ride
- Themed
Ropeway
-
Monorail
- Drop
and Tilt Tower
Operations
and Branches:
At the
address, Lochriet, 8890 Flums, Switzerland, we find the company's office.
Real Estate
Real Estate: The company does not appear to own any property.
Company Register
Company No: 320.3.064.118-0
UID-No.: CHE114534260
Legal form: Company limited by shares
Registration: 08.10.2008
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date of Incorporation Statutes: 06.10.2008
Entry Deleted Name
08.10.2008 Swiss Rides AG
08.10.2008 Swiss Rides SA (Name translated)
08.10.2008 Swiss Rides Ltd (Name translated)
Entry Deleted Legal domicile
08.10.2008 Flums, Switzerland
Entry Deleted Address
active Lochriet , 8890 Flums, Switzerland/CH
Entry Deleted Capital
08.10.2008 Share Capital CHF 100,000, paid up CHF 100,000
Entry Deleted Capital Structure
08.10.2008 100 Registered shares of CHF 1,000.--
Official Administration
Title Name
President Bartholet, Roland
Citizen:
Flums, Switzerland
Residential
address: Tscherlach (Walenstadt), Switzerland
single
signature
Registered
since: 08.10.2008
Chief Executive Spiegelberg, Thomas
Citizen:
Aarburg, Switzerland
Residential
address: 8320 Fehraltorf, Switzerland
joint
signature of two
Registered
since: 14.07.2009
Company Secretary Senti, Dr. Christoph
Citizen:
Flums, Altstätten, Switzerland
Residential
address: 9450 Altstätten, Switzerland
joint
signature of two
Registered
since: 14.07.2009
Management
Title Name
General Manager Benkler, Martin
Citizen:
Zürich, Switzerland
Residential
address: Dättwil AG (Baden), Switzerland
joint
signature of two
Registered
since: 15.10.2014
Member with signing authority Bartholet-Ammann, Flavia
Citizen:
Ronco sopra Ascona, Switzerland
Residential
address: Tscherlach (Walenstadt), Switzerland
joint
signature of two
Registered
since: 05.06.2012
Member with signing authority Gubser, Kurt
Citizen:
Quarten, Switzerland
Residential
address: Sargans, Switzerland
joint
signature of two
Registered
since: 05.06.2012
Member with signing authority Sulser, Erich
Citizen:
Wartau, Switzerland
Residential
address: Chur, Switzerland
joint
signature of two
Registered
since: 05.06.2012
External Positions
Title Name
Auditor BDO AG,
Residential
address: St. Gallen, Switzerland
Id:
CH-320.9.021.802-9
Registered
since: 17.12.2012
Ultimate Parent Company
Name: BMF Group AG
City/Country: Flums/SG, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: Bartholet Maschinenbau AG
City/Country: Flums/SG, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest (since 2008)
Investments
It is
believed that the company has no investments.
Sisters
Name: BMF Lasertech AG
City/Country: Flums/SG, Switzerland/CH
Name: Gangloff Cabins AG
City/Country: Seftigen/BE, Switzerland/CH
Name: Linth Mechanik AG
City/Country: Flums/SG, Switzerland/CH
Financials
Balance
sheet publication:
The subject
company does not publish financial figures.
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
Unknown
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: There is no information available regarding
the financial obligations.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.02 |
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1 |
INR 92.73 |
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Euro |
1 |
INR 81.46 |
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CHF |
1 |
INR 67.93 |
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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NIY |
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Report Prepared
by : |
KET |
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
·
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.