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MIRA
INFORM REPORT
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Report No. : |
493265 |
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Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
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Name : |
PAUL REINHART AG |
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Registered Office : |
Technikumstrasse 82, 8400 Winterthur/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
1788 |
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Com. Reg. No.: |
020.3.921.310-9 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of other intermediate products |
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No. of Employees : |
60 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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 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
Paul Reinhart AG
Operating
address
Technikumstrasse 82 Mailing
address:
8400 Winterthur/ZH P.O.
Box 2259
Switzerland/CH 8401
Winterthur/ZH
Switzerland/CH
Telephone: +41
522648181
Fax: +41
522120055
Web site: http://www.reinhart.com
E-mail: mail@reinhart.ch
VAT-No.: CHE-116.284.789
MWST
UID-No.: CHE102607231
Profile
Established: 1788
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other
intermediate products
Import/Export: Import,
Export
Export sales: 97,0%
Banks: ZKB
Zürcher Kantonalbank
CS
Credit Suisse
UBS
Ltd
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 60
Sales: CHF
400-600 Mio
Activity
The company is a
worldwide cotton merchant since 1788. The company sources its organic cotton
from a number of regions (Uganda, Turkey, India, Syria, USA, Egypt, West
Africa, etc) and acts as an intermediary between growers and spinners,
providing its customers quality assurance, logistics and documentation.
Operations and
Branches:
At the address,
Technikumstrasse 82, 8400 Winterthur, Switzerland, we find office of the
company.
Real
Estate
Real Estate: It
is understood that the company owns certain property.
Company
Register
Company No: 020.3.921.310-9
UID-No.: CHE102607231
Legal form: Company
limited by shares
Registration: 24.12.1953
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 28.03.1968
Date
of Statutes: 20.03.2012
Date
of Statutes: 28.05.1993
Date
of Statutes: 26.06.1991
Entry Deleted Name
active Paul
Reinhart AG
26.03.2012 Paul
Reinhart SA (Name translated)
26.03.2012 Paul
Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart Ltd (Name translated)
26.03.2012 Paul Reinhart SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Technikumstrasse
82, 8400 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
10.07.1991 Share
Capital CHF 1,000,000, paid up CHF 1,000,000
Entry Deleted Capital Structure
10.07.1991 10,000
Registered shares of CHF 100.--
Entry Deleted Remarks
14.10.2008 Merger:
On 25.09.2008 the company merged with Cobatra AG, based in Winterthur (CH-020.3.905.615-1).
14.10.2008 Merger:
On 25.09.2008 the company merged with Afcodi AG, based in Winterthur (CH-020.3.900.398-4).
Official Administration
Title Name
President Reinhart,
Jürg
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Vice-President Reinhart,
Thomas Paul
Citizen:
Winterthur, Switzerland
Residential
address: Peking, China
joint
signature of two
Director Brugger,
Prof. Dr. Ernst A.
Citizen:
Gossau ZH, Switzerland
Residential
address: 8753 Mollis, Switzerland
joint
signature of two
Registered
since: 12.11.2008
Director Reinhart,
Matthias
Citizen:
Winterthur, Switzerland
Residential
address: 8700 Küsnacht /ZH, Switzerland
joint
signature of two
Registered
since: 12.11.2008
Management
Title Name
Member of the management Reinhart, Jürg
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Member of the management Stahel, Rolf
Citizen:
Elgg, Switzerland
Residential
address: 8404 Winterthur, Switzerland
joint
signature of two
Registered
since: 13.02.1996
Member of the management Vitali, Ezio
Citizen:
Winterthur, Switzerland
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Registered
since: 02.03.2005
Member of the direction Arbenz, Ulrich Curt
Citizen:
Winterthur, Andelfingen, Switzerland
Residential
address: 8000 Zürich, Switzerland
joint
signature of two
Registered
since: 08.09.1998
Member of the direction Ballestrin, Daniele
Citizen:
Winterthur, Switzerland
Residential
address: 8400 Winterthur, Switzerland
joint
signature of two
Member of the direction Bänninger, Marco
Citizen:
Rickenbach ZH, Switzerland
Residential
address: 8352 Winterthur, Switzerland
joint
signature of two
Registered
since: 13.04.2011
Member of the direction Neuschwander, Raymond
Citizen:
Bärschwil, Switzerland
Residential
address: 8303 Bassersdorf, Switzerland
joint
signature of two
Registered
since: 13.02.1996
Member of the direction Paratte, André
Citizen:
Winterthur, Switzerland
Residential
address: Winterthur/ZH, Switzerland
joint
signature of two
Registered
since: 26.03.2012
Member of the direction Sahin, Zeki
Citizen:
Winterthur, Switzerland
Residential
address: 8542 Winterthur, Switzerland
joint
signature of two
Registered
since: 29.01.2001
Member of the direction Stahel, Jürg
Citizen:
Elgg, Switzerland
Residential
address: 8542 Wiesendangen, Switzerland
joint
signature of two
Member of the direction Suter, Daniel
Citizen:
Gränichen, Switzerland
Residential
address: Winterthur, Switzerland
joint
signature of two
Registered
since: 13.04.2011
Member of the direction Van Namen, Danny
Citizen:
Belgium
Residential
address: Neftenbach, Switzerland
joint
signature of two
Registered
since: 07.02.2008
External
Positions
Title Name
Auditor PricewaterhouseCoopers
AG,
Residential
address: Winterthur, Switzerland
Id:
CHE-151.657.932
Registered
since: 12.05.2000
Executive
board
Title Name
Chief Executive Officer Reinhart, Thomas Paul
Ultimate
Parent Company
Name: Reinhart
Holding AG
City/Country: Winterthur/ZH,
Switzerland/CH
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Reinhart
Holding AG
City/Country: Winterthur/ZH,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 03.07.2014)
Investments
Class: 100%,
directly held
Name: Reinhart
Australia Pty Limited
City/Country: Toowoomba,
Australia/AU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Reinhart
(Beijing) Trading Co Ltd.
City/Country: Beijing,
China/CN
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: REINHART
INDIA PRIVATE LIMITED
City/Country: NEW
DELHI/Delhi, India/IN
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: WINCOT
AG
City/Country: Winterthur/ZH,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
14.11.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 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.
Remarks
- The VAT number -
CHE-116.284.789 MWST - is the Group VAT number.
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 considered to be in order.
Payment experiences: No complaints
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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CHF |
1 |
INR 69.32 |
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 : |
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
·
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.