MIRA INFORM REPORT

Report No. :	505237
Report Date :	26.04.2018

IDENTIFICATION DETAILS

Name :	BMF LASERTECH AG
Registered Office :	Lochriet 8890 Flums/SG/CH
Country :	Switzerland
Date of Incorporation :	2011
Com. Reg. No.:	320.3.068.464-7
Legal Form :	Company limited by shares
Line of Business :	The subject engages in the manufacture, processing and distribution of sheet metal products using laser technology.
No. of Employees :	10-19

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	No Complaints
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Switzerland	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

Company name and address

BMF Lasertech AG

Operating address:

Lochriet

8890 Flums/SG

Switzerland/CH

Telephone: +41 817201060

Fax: +41 817201061

Web site: http://www.bmf-ag.ch

E-mail: admin@bmf-ag.ch

WIN Worldbox No.: CH0008866215

VAT-No.: CHE-174.134.007 MWST

UID-No.: CHE174134007

Profile

Established: 2011

Line of Business: Metal/steel

Industry Division: Manufacturing

Industry-code (NACE): 2511 Manufacture of metal structures and parts of structures

Import/Export: Export

Quality certification: ISO 9001:2008Sheet metal products using laser technology.

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2017

Employees: 10-19

Activity

The company engages in the manufacture, processing and distribution of sheet metal products using laser technology. The company is part of the BMF group that is active in the areas of cable car and amusement park facilities, mechanical engineering as well as in metal and sheet metal processing.

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: 320.3.068.464-7

UID-No.: CHE174134007

Legal form: Company limited by shares

Registration: 30.12.2010

Legal status: active

Responsible Register: Handelsregister des Kantons St. Gallen

History: Date of Incorporation Statutes: 21.12.2010

Entry Deleted Name

30.12.2010 BMF Lasertech AG

Entry Deleted Legal domicile

30.12.2010 Flums, Switzerland

Entry Deleted Address

30.12.2010 Lochriet, 8890 Flums/SG, Switzerland/CH

Entry Deleted Capital

30.12.2010 Share Capital CHF 100,000, paidup CHF 100,000

Entry Deleted Capital Structure

30.12.2010 100 Registered shares of CHF 1,000.--

Official Administration

Title Name

Director Bartholet, Roland

Citizen: Flums, Switzerland

Residential address: Flums, Switzerland

single signature

Registered since: 30.12.2010

Management

Title Name

Member with signing authority Bartholet-Ammann, Flavia Emanuela Margherita

Citizen: Ronco sopra Ascona, Switzerland

Residential address: Tscherlach (Walenstadt), Switzerland

joint signature of two

Registered since: 04.06.2012

Member with signing authority Gubser, Kurt

Citizen: Quarten, Switzerland

Residential address: Sargans, Switzerland

joint signature of two

Registered since: 04.06.2012

Member with signing authority Spiegelberg, Thomas

Citizen: Aarburg, Switzerland

Residential address: Fehraltorf, Switzerland

joint signature of two

Registered since: 04.06.2012

Member with signing authority Sulser, Erich

Citizen: Wartau, Switzerland

Residential address: Chur, Switzerland

joint signature of two

Registered since: 04.06.2012

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

Investments

It is believed that the company has no investments.

Sisters

Name: Gangloff Cabins AG

City/Country: Seftigen/BE, Switzerland/CH

Name: Linth Mechanik AG

City/Country: Flums/SG, Switzerland/CH

Name: Swiss Rides AG

City/Country: Flums/SG, Switzerland/CH

Financials

Balance sheet publication:

The subject company does not publish financial figures.

Legal Actions

Control date Year No. Amount CHF Status

10.05.2013 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: No Complaints

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.70
UK Pound	1	INR 93.14
Euro	1	INR 81.43
CHF	1	INR 67.86

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.