|
|
|
MIRA INFORM REPORT
|
Report No. : |
484223 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KUNY AG |
|
|
|
|
Registered Office : |
Benkenstrasse 39, Postfach 66, 5024 Küttigen/AG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
19.06.1992 |
|
|
|
|
Com. Reg. No.: |
400.3.010.626-5 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
· Manufacture of Made-Up Textile Articles, Except Apparel. · Manufacture, Processing and Trading with Ribbons and Fabrics. |
|
|
|
|
No. of Employees : |
100 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
COMPANY
NAME AND ADDRESS
KUNY AG
Operating
address:
Benkenstrasse 39 Mailing
Address:
Postfach 66 Postafach
142
5024 Küttigen/AG 5022
Rombach/AG
Switzerland/CH Switzerland/CH
Telephone: +41
628399191
Fax: +41
628399119
Web
site: http://www.kuny.ch
E-mail: info@kuny.ch
WIN
Worldbox No.: CH0000360764
VAT-No.: CHE-101.227.417
MWST
UID-No.: CHE101227417
Profile
Established: 1992
Line
of Business: Textiles/flooring
Industry
Division: Manufacturing
Industry-code (NACE): 1392 Manufacture of made-up textile articles,
except apparel
Import/Export: Export
Quality
certification: ISO 9001:2008 (since
1994)
EN29001
(since 1994)
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial
year: 2017
Employees: 100
Sales: CHF 22,000,000.--
Activity
The business activities includes the
manufacture, processing and trading with ribbons and fabrics. The application
areas are: Haberdashery, textiles, Gift Wrap, Floristry, Hobby, Crafts,
orthopedics, medical devices and tapes for industrial applications of all
kinds.
Operations and Branches:
At the address, Benkenstrasse 39, 5024,
Küttigen, Switzerland, we find office of the company.
Real
Estate
Real
Estate: It is understood
that the company owns certain property.
Company
Register
Company
No: 400.3.010.626-5
UID-No.: CHE101227417
Legal
form: Company limited by
shares
Registration: 19.06.1992
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Aargau
History: Date of Statutes: 12.11.2013
Date of
Incorporation Statutes: 12.06.1992
Entry Deleted Name
19.06.1992 Kuny
AG
19.06.1992 Kuny
SA (Name translated)
19.06.1992 Kuny
Ltd (Name translated)
Entry Deleted Legal domicile
19.06.1992 Küttigen,
Switzerland
Entry Deleted Address
19.06.1992 Benkenstrasse
39, 5024 Küttigen/AG, Switzerland/CH
Entry Deleted Capital
19.11.2013 Share
Capital CHF 2,000,000, paidup CHF 2,000,000
19.06.1992 19.11.2013 Share Capital CHF 1,000,000, paidup CHF
1,000,000
Entry Deleted Capital Structure
19.11.2013 2,000
Registered shares of CHF 1,000.--
19.06.1992 19.11.2013 1,000 Registered shares of CHF 1,000.--
Entry Deleted Remarks
15.06.2017 Merger:
On 11.05.2017 the company merged with Packbandfabrik AG, based in Küttigen
(CHE-102.690.918).
25.06.2008 Merger:
On 13.02.2008 the company merged with Bally Band AG, based in Küttigen
(CH-249.3.001.199-4).
Official
Administration
Title Name
President Lenzin, René
Citizen:
Oberhof, Switzerland
Residential
address: 5024 Küttigen/AG, Switzerland
joint
signature of two
Registered
since: 05.02.2001
Director Kuny, Hans
Goerg
Citizen:
Arisdorf, Switzerland
Residential
address: 5024 Küttigen/AG, Switzerland
joint
signature of two
Registered
since: 19.06.1992
Management
Title Name
Member
of the management Lenzin, René
Citizen:
Oberhof, Switzerland
Residential
address: 5024 Küttigen/AG, Switzerland
joint
signature of two
Registered
since: 05.02.2001
Member
with procuration Arpagaus,
Franz
Citizen:
Laax, Zofingen, Switzerland
Residential
address: Zofingen, Switzerland
joint
power of attorney of two
Registered
since: 17.07.2002
Member
with procuration Howald,
Bernhard
Citizen:
Wangenried, Switzerland
Residential
address: Seon, Switzerland
joint
power of attorney of two
Registered
since: 05.01.1996
Member
with procuration Marchese,
Claudio
Citizen:
Obersiggenthal, Switzerland
Residential
address: Obersiggenthal, Switzerland
joint
power of attorney of two
Registered
since: 14.10.2016
Member
with procuration Mathys,
Esther
Citizen:
Alchenstorf, Switzerland
Residential
address: Brugg, Switzerland
joint
power of attorney of two
Registered
since: 06.10.2015
Member
with procuration Schmuki,
Marion
Citizen:
Langenthal, Switzerland
Residential
address: Suhr, Switzerland
joint
power of attorney of two
Registered
since: 19.02.2014
External
Positions
Title Name
Auditor Dr.
Balsiger & Partner AG,
Residential
address: Zofingen, Switzerland
Id:
CHE-103.858.209
Registered
since: 23.09.2004
Executive
board
Title Name
Chief
Executive Officer Kuny, Hans
Goerg
Chief
Operating Officer Lenzin,
René
Ultimate
Parent Company
Name: Benken Holding AG
City/Country: Küttigen/AG, Switzerland/CH
Direct
owner/-s
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%, directly held
Name: Benken Holding AG
City/Country: Küttigen/AG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 27.01.2009)
Investments
Class: 100%, directly held
Name: Seidenbandweberei Säckingen,
Gesellschaft mit beschränkter Haftung
City/Country: Bad Säckingen/Baden-Württemberg,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Bäumlin & Ernst AG
City/Country: Wattwil/SG, Switzerland/CH
Name: Berisfords Limited
City/Country: Congleton/Cheshire, United
Kingdom/GB
Name: Kern Bänder AG
City/Country: Küttigen/AG, Switzerland/CH
Financials
Balance sheet publication:
The subject company does not publish
financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
21.10.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 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
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
31.12.2002 2002 0 Legal
actions
31.12.2001 2001 0 Legal
actions
31.12.2000 2000 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: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.74 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.14 |
|
CHF |
1 |
INR 65.27 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.