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MIRA
INFORM REPORT
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Report No. : |
490564 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BRERO SCHWEIZ AG |
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Registered Office : |
Ebikonerstrasse 75 6043 Adligenswil/LU |
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Country : |
Switzerland |
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Date of Incorporation : |
1945 |
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Com. Reg. No.: |
150.3.000.437-0 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The Subject
is engaged in the trade and distribution of iron and metal goods,
particularly of snap fasteners with the “BRERO” embossing. |
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No. of Employees : |
1-9 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 2011-17.
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.
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Source
: CIA |
Company name and address
BRERO Schweiz AG
Operating address:
Ebikonerstrasse
75
6043 Adligenswil/LU
Switzerland/CH
Telephone: +41 413750000
Fax: +41
413750005
Web site: http://www.brero.ch
WIN Worldbox No.: CH0000123275
UID-No.: CHE107244443
Profile
Established: 1945
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4649 Wholesale
of other household goods
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF 0-1 Mio
Activity
The
company engages in the trade and distribution of iron and metal goods,
particularly of snap fasteners with the “BRERO” embossing.
Operations
and Branches:
At the
address, Ebikonerstrasse 75, 6043 Adligenswil, Switzerland, we find the company's
registered office.
Affiliated
companies:
Boettcher
AG
Ebikonerstrasse
75
CH - 6043 Adligenswil
Switzerland
Alexander Brero AG
Bözingenstrasse 39
CH - 2502 Biel/Bienne
Switzerland
Real Estate
Real Estate: The company does not appear to own any property.
Company
Register
Company No: 150.3.000.437-0
UID-No.: CHE107244443
Legal form: Company limited by shares
Registration: 08.10.1981
Legal status: active
Responsible Register: Handelsregister des Kantons Nidwalden
History: Date of Statutes: 24.10.1989
Date
of Incorporation Statutes: 05.06.1945
Date
of Statutes: 18.12.2017
Date
of Statutes: 21.04.2009
Entry Deleted Name
12.01.2018 BRERO
Schweiz AG
12.01.2018 Müro AG
Entry Deleted Legal domicile
12.01.2018 Adligenswil,
Switzerland
22.04.2009 Stans,
Switzerland
22.04.2009 12.01.2018 Dallenwil,
Switzerland
Entry Deleted Address
12.01.2018 Ebikonerstrasse
75, 6043 Adligenswil/LU, Switzerland/CH
22.04.2009 Eichli 25, 6370 Stans, Switzerland/CH
22.04.2009 12.01.2018 Zopf 6, 6383
Wirzweli/NW, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 120,000, paid up CHF
120,000
Entry Deleted Capital Structure
active 240 Bearer shares of CHF 500.--
Official
Administration
Title Name
Director Müller, Michael
Citizen:
Laupersdorf, Switzerland
Residential
address: Adligenswil, Switzerland
single
signature
Registered
since: 12.01.2018
Management
Title Name
Member with signing authority Müller, René
Citizen:
Laupersdorf, Switzerland
Residential
address: Adligenswil, Switzerland
single
signature
Registered
since: 23.06.2010
Member with signing authority Müller-Haslimann, Catja Clara
Citizen:
Luzern, Switzerland
Residential
address: Adligenswil, Switzerland
single
signature
Direct
owner/-s
Under
Swiss Company Law, limited companies (AG, SA, LTD.) are not required to file
information on shareholders of a company.
Investments
It is
believed that the company has no investments.
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
No
payment history is available.
Remarks
- There
is no own telephone number registered for this company.
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CHE-107.244.443 MWST was valid from 01.04.2011 until 31.12.2015. The company is
not required to keep VAT, as the turnover of taxable services is lower than CHF
100'000.
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: Unknown.
Credit Opinion: In advancing credit it is advised
that a bank guarantee be obtained.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.03 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.73 |
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CHF |
1 |
INR 68.65 |
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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VIV |
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Report Prepared
by : |
TRU |
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.