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MIRA INFORM REPORT
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Report No. : |
482714 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DITTING MASCHINEN AG |
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Registered Office : |
Länggenstrasse 34, 8184 Bachenbülach/ZH |
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Country : |
Switzerland |
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Year of Establishment : |
1928 |
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Com. Reg. No.: |
020.3.003.259-8 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing. |
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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 : |
Satisfactory |
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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 (30.06.2017) |
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 2011-16.
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
DITTING
MASCHINEN AG
Operating address:
Länggenstrasse 34
8184
Bachenbülach/ZH
Switzerland/CH
Telephone: +41
448641800
Fax: +41
448641801
Web site: http://www.dittingswiss.ch
E-mail: info@dittingswiss.ch
WIN Worldbox No.: CH0002454944
VAT-No.: CHE-102.510.347
MWST
UID-No.: CHE102510347
Profile
Established: 1928
History: 1992: Limited company
1928: Established from Adolf Ditting
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2893 Manufacture of
machinery for food, beverage and tobacco processing
Import/Export: Export
Banks: CS
Credit Suisse
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 60
Sales: CHF
10-20 Mio
Activity
The company engages
in the development, manufacture and distribution of professional, high-end
coffee grinders, grinding discs and coffee dosing systems.
Products:
- Retail Grinder
- Espresso Grinder
- Industrial Grinder
- Coffee Dosing
Device
- Grinder Cleaner
- Grinding Discs
Operations and
Branches:
At the address,
Länggenstrasse 34, 8184 Bachenbülach, Switzerland, we find the company's
registered office.
Other locations:
Ditting USA, Inc.
8801-B Smiths Creek
Rd
Wales, Michigan
48027
U.S.A.
Ditting Oceania
Appliance
Maintenance Co. Pty. Ltd.
Unit 19
65 Marigold Street
Newtown, 2212
Revesby, N.S.W.
Ditting / Mahlkoenig
Nordic
Solskraenten 6
8400 Ebeltoft
Ditting / Mahlkoenig
Asia Co. Ltd
Rm 23 B09-10, 23/F,
Block B
360 Heng Tong Road
200070 Shanghai
Ditting / Mahlkoenig
Italy
Via dell'Unità 257
51015 Monsummano
Terme (PT)
Real Estate
Real Estate: It
is understood that the company owns certain property.
Company Register
Company No: 020.3.003.259-8
UID-No.: CHE102510347
Legal form: Company
limited by shares
Registration: 22.12.1992
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Incorporation Statutes: 14.12.1992
Entry Deleted Name
22.12.1992 Ditting
Maschinen AG
Entry Deleted Legal domicile
22.12.1992 Bachenbülach,
Switzerland
Entry Deleted Address
13.02.2013 Länggenstrasse
34, 8184 Bachenbülach/ZH, Switzerland/CH
22.12.1992 13.02.2013 Bramenstrasse 11, 8184 Bachenbülach/ZH,
Switzerland/CH
Entry Deleted Capital
22.12.1992 Share
Capital CHF 100,000, paid up CHF 100,000
Entry Deleted Capital Structure
22.12.1992 100
Registered shares of CHF 1,000.--
Official Administration
Title Name
President Baumberger,
Philipp
Citizen: Oetwil an
der Limmat, Geroldswil, Switzerland
Residential address: Oetwil an der Limmat, Switzerland
joint
signature of two
Registered
since: 23.12.2004
Director Christoph,
Jochen
Citizen:
Germany
Residential
address: Embrach, Switzerland
joint
signature of two
Registered
since: 11.06.2013
Management
Title Name
General Manager Baumberger,
Philipp
Citizen:
Oetwil an der Limmat, Geroldswil, Switzerland
Residential
address: Oetwil an der Limmat, Switzerland
joint
signature of two
Registered
since: 23.12.2004
General Manager Christoph,
Jochen
Citizen:
Germany
Residential
address: Embrach, Switzerland
joint
signature of two
Registered
since: 11.06.2013
Member with procuration Hattingh, Petra
Citizen: Kerns,
Switzerland
Residential
address: Regensberg, Switzerland
joint power of attorney of two
Registered
since: 26.08.2016
Member with procuration Zünd, Gilbert Christian
Citizen:
Altstätten, Switzerland
Residential
address: Altstätten, Switzerland
joint
power of attorney of two
Registered
since: 29.08.2017
External Positions
Title Name
Auditor Rödl
& Partner (Schweiz) GmbH,
Residential address: Zürich, Switzerland
Id:
CHE-113.897.435
Registered
since: 22.12.2011
Ultimate Parent
Company
Name: Hemro
AG
City/Country: Bachenbülach/ZH,
Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Hemro
AG
City/Country: Bachenbülach/ZH,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Investments
Class: 100%,
directly held
Name: Ditting
USA Inc.
City/Country: Wales/Michigan,
United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
Class: 20-29%,
directly held
Name: Dr.
Erichsen GmbH
City/Country: Hamburg/Hamburg,
Germany/DE
Interest: 25,00%
voting right, 25,00% capital interest
Class: 20-29%,
directly held
Name: Tri-Invest
GmbH
City/Country: Hamburg/Hamburg,
Germany/DE
Interest: 25,00%
voting right, 25,00% capital interest
Financials
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
21.11.2011 2011 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.
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: Payments are made with arranged conditions.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.35 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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CHF |
1 |
INR 64.92 |
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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PRI |
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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
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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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.