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MIRA INFORM REPORT
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Report No. : |
484295 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HELMUT
FISCHER AG |
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Registered Office : |
Moosmattstrasse
1, 6331 Hünenberg/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
14.12.2007 |
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Com. Reg. No.: |
170.3.031.628-5 |
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Legal Form : |
Company limited
by shares |
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Line of Business : |
The company engages in the trade of electronic and measuring
devices for coating thickness measurement, material analysis, microhardness
and material testing. |
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No. of Employees : |
5 |
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 : |
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.
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 summery
Helmut
Fischer AG
Operating
address:
Moosmattstrasse
1
6331
Hünenberg/ZG
Switzerland/CH
Telephone: +41 417850800
Fax: +41 417850801
Web site: http://www.helmut-fischer.ch
E-mail: switzerland@helmutfischer.com
WIN Worldbox No.: CH0007719825
VAT-No.: CHE-113.985.080
MWST
UID-No.: CHE113985080
Profile
Established: 2007
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4652 Wholesale of electronic and
telecommunications equipment and parts
Import/Export: Import,
Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 5
Sales: CHF 2-4 Mio
Activity
The company engages in the trade of electronic and measuring devices for
coating thickness measurement, material analysis, microhardness and material
testing.
Range of products:
- Coating thickness
- Material Analysis
- Microhardness
- Material Testing
Operations and Branches:
At the address, Moosmattstrasse 1, 6331 Hünenberg, Switzerland, we find
office of the company.
Real
Estate
Real Estate: The property at
the operating address is rented.
Company
Register
Company No: 170.3.031.628-5
UID-No.: CHE113985080
Legal form: Company
limited by shares
Registration: 14.12.2007
Legal status: active
Responsible Register: Handelsregister
des Kantons Zug
History: Date
of Incorporation Statutes: 12.12.2007
Entry Deleted Name
14.12.2007 Helmut
Fischer AG
14.12.2007 Helmut
Fischer SA (Name translated)
14.12.2007 Helmut
Fischer Ltd (Name translated)
Entry Deleted Legal domicile
14.12.2007 Hünenberg,
Switzerland
Entry Deleted Address
14.12.2007 Moosmattstrasse
1, 6331 Hünenberg, Switzerland/CH
Entry Deleted Capital
14.12.2007 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
14.12.2007 1,000
Registered shares of CHF 1,000.--
Entry Deleted Remarks
03.03.2017 Merger:
On 20.02.2017 the company merged with Helmut Fischer Technologie AG, based in
Hünenberg (CHE-194.990.937).
Official
Administration
Title Name
Director Maute, Dr.
Wolfgang
Citizen: Fischingen,
Switzerland
Residential address:
Wigoltingen, Switzerland
single signature
Registered since:
14.10.2015
Director Schuler,
Bernhard
Citizen: Spiringen,
Switzerland
Residential address:
6454 Flüelen, Switzerland
joint signature of two
Registered since:
14.12.2007
Management
Title Name
General Manager Babel,
Dr. Wolfgang Erich
Citizen: Germany
Residential address:
Weil der Stad, Germany
joint signature of two
Registered since:
28.04.2016
General Manager Hüsler,
Christoph
Citizen: Sursee,
Switzerland
Residential address:
Oberkirch, Switzerland
joint signature of two
Registered since:
19.12.2017
External
Positions
Title Name
Auditor Legaris AG Treuhand und Wirtschaftsprüfung,
Residential address: Zug,
Switzerland
Id: CHE-101.364.787
Registered since:
14.12.2007
Ultimate
Parent Company
Name: Helmut Fischer Stiftung
City/Country: Baar/ZG,
Switzerland/CH
Direct
owner/-s
No. of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%, directly held
Name: Helmut Fischer Holding AG
City/Country: Hünenberg/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
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.74 |
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1 |
INR 86.01 |
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Euro |
1 |
INR 76.14 |
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CHF |
1 |
INR 65.17 |
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 : |
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
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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.