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MIRA INFORM REPORT
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Report No. : |
483415 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
USF INTERTEX SA |
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Registered Office : |
Hasenmossstrasse 13 6023 Rothenburg/LU /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
03.10.2011 |
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Com. Reg. No.: |
100.3.793.532-1 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The company engages in the manufacture and distribution of hosiery. The company offers over 3000 different items, from children’s, ladies’ and gentlemen’s socks to leisure and sports socks and diabetic stockings. |
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No. of Employees : |
10-19 |
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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Maximum Credit Limit : |
CHF 17,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
USF Intertex SA
Operating address:
Hasenmossstrasse 13
6023 Rothenburg/LU
Switzerland/CH
Telephone: +41 412811150
Fax: +41
412811156
Web site: http://www.usf-intertex.com
E-mail: info@usf-intertex.com
WIN Worldbox No.: CH0009168986
VAT-No.: CHE-293.344.422 MWST
UID-No.: CHE293344422
Profile
Established: 2011
Line of Business: Clothing/Shoes, Consumer goods
wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 1431 Manufacture
of knitted and crocheted hosiery
4642 Wholesale of clothing and footwear
Import/Export: Import, Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 10-19
Sales: CHF 6-8 Mio
Activity
The
company engages in the manufacture and distribution of hosiery. The company
offers over 3000 different items, from children’s, ladies’ and gentlemen’s
socks to leisure and sports socks and diabetic stockings.
Operations
and Branches:
At the
address, Hasenmossstrasse 13, 6023 Rothenburg, Switzerland, we find the
company's registered office.
Real Estate
Real Estate: The company does not appear to own any property.
Company Register
Company No: 100.3.793.532-1
UID-No.: CHE293344422
Legal form: Company limited by shares
Registration: 03.10.2011
Legal status: active
Responsible Register: Handelsregister des Kantons Luzern
History: Date of Statutes: 04.12.2014
Date
of Incorporation Statutes: 28.09.2011
Entry Deleted Name
10.12.2014 USF Intertex SA
03.10.2011 10.12.2014 Podojil Intertex
SA
Entry Deleted Legal domicile
03.10.2011 Rothenburg, Switzerland
Entry Deleted Address
19.07.2016 Hasenmossstrasse 13, 6023 Rothenburg/LU, Switzerland/CH
29.04.2013 19.07.2016 Buzibachstrasse
43, 6023 Rothenburg/LU, Switzerland/CH
03.10.2011 29.04.2013 Buzibachstrasse
49, 6023 Rothenburg/LU, Switzerland/CH
Entry Deleted Capital
03.10.2011 Share Capital CHF 100,000, paid up CHF 100,000
Entry Deleted Capital Structure
03.10.2011 100 Bearer shares of CHF 1,000.--
Official Administration
Title Name
President Kuttler, Lukas
Citizen:
Muttenz, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 11.08.2016
Vice-President Rüedi, Renato
Citizen:
Zizers, Switzerland
Residential
address: Bioggio, Switzerland
joint
signature of two
Registered
since: 03.10.2011
Management
Title Name
General Manager Müller, Thomas
Citizen:
Wiliberg, Switzerland
Residential
address: Diegten, Switzerland
joint
signature of two
Registered
since: 04.12.2017
Member with procuration Marx, Elisabeth Maruja
Citizen:
Zürich, Switzerland
Residential
address: Zürich, Switzerland
joint
power of attorney of two
Registered
since: 23.03.2012
Member with procuration Vejseli, Valentina
Citizen:
Kosovo
Residential
address: Nebikon, Switzerland
joint
power of attorney of two
Registered
since: 11.08.2016
External Positions
Title Name
Auditor Gyseler AG,
Residential
address: Baar, Switzerland
Id:
CHE-109.757.794
Registered
since: 11.08.2016
Ultimate Parent Company
Name: ASVITO HOLDING AG
City/Country: Zug/ZG, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: ASVITO TRADING AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest
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 Complaints
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
Maximum Credit: CHF 17,000
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 63.67 |
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1 |
INR 86.11 |
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Euro |
1 |
INR 76.59 |
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CHF |
1 |
INR 64.93 |
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 : |
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.