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MIRA INFORM REPORT
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Report No. : |
484225 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ALEXANDER
BRERO AG |
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Registered Office : |
Bözingenstrasse 39, 2502 Biel/Bienne/BE, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1945 |
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Com. Reg. No.: |
073.3.000.323-5 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company is a supplier
of iron and metal goods for the textile industry and related sectors,
particularly of push buttons with the "BRERO" embossing. |
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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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MIRAs 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 : |
Unknown |
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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 francs 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
ALEXANDER BRERO AG
Operating address
Bözingenstrasse 39
2502 Biel/Bienne/BE
Switzerland/CH
Telephone: +41 323442007
Fax: +41 323442002
Web site: http://www.brero.ch
E-mail: info@brero.ch
WIN Worldbox No.: CH0000274075
VAT-No.: CHE-102.445.431 MWST
UID-No.: CHE102445431
Profile
Established: 1945
Line of Business: Consumer goods manufacturing
Industry Division: Manufacturing
Industry-code (NACE): 3299 Other
manufacturing n.e.c.
Import/Export: Export
Banks: Unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 10-19
Sales: CHF 4-6 Mio
Activity
The company is a supplier of
iron and metal goods for the textile industry and related sectors, particularly
of push buttons with the "BRERO" embossing.
Operations and Branches:
At the address,
Bözingenstrasse 39, 2502 Biel/Bienne, Switzerland, we find the company's
registered office.
Associated company:
Boettcher AG
Ebikonerstrasse 75
CH-6043 Adligenswil
Switzerland
Real Estate
Real Estate: The company does not appear to own any
property.
Company Register
Company No: 073.3.000.323-5
UID-No.: CHE102445431
Legal form: Company Limited by Shares
Registration: 12.09.1996
Legal status: active
Responsible Register: Handelsregister des Kantons Bern
History: Date of Incorporation Statutes: 29.08.1996
Entry Deleted Name
active Alexander Brero AG
active Alexander Brero Ltd (Name translated)
active Alexander Brero SA (Name
translated)
Entry Deleted Legal
domicile
23.06.2000 Biel/Bienne, Switzerland
23.06.2000 Lyss,
Switzerland
removed Nidau,
Switzerland
Entry Deleted Address
23.06.2000 Bözingenstrasse
39, 2502 Biel/Bienne, Switzerland/CH
23.06.2000 Grenzstrasse 20, 3250 Lyss/BE,
Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 50,000, paid up
CHF 50,000
Entry Deleted Capital
Structure
active 75 Registered shares (voting
shares) of CHF 100.--
active 50 Ordinary shares of CHF 850.--
Official Administration
Title Name
President Kaspar, Peter
Citizen: Oberkulm, Switzerland
Residential address: 2500 Biel/Bienne, Switzerland
single signature
Company Secretary Kaspar, Susanne
Citizen: Oberkulm, Switzerland
Residential address: 2500 Biel/Bienne, Switzerland
single signature
Registered since: 05.12.2005
Management
Title Name
General Manager Kaspar, Peter
Citizen: Oberkulm, Switzerland
Residential address: 2500 Biel/Bienne, Switzerland
single signature
External Positions
Title Name
Auditor Fiduco,
Fiduciaire pour l'Industrie et le Commerce SA, Biel BE,
Residential address: Biel/Bienne, Switzerland
Id: CHE-107.179.030
Direct owner/-s
Owner: The company is privately owned.
Class: unknown, directly held
Name: Peter Kaspar
City/Country: Biel/Bienne, Switzerland/CH
Class: unknown, directly held
Name: Susanne Kaspar
City/Country: Biel/Bienne, Switzerland/CH
The exact percentage held
by the shareholders listed are not available. It is also not possible to
determine if other shareholders are involved.
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
18.12.2012 2012 0 Legal actions
31.12.2011 2011 0 Legal actions
31.12.2010 2010 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 difficult to
assess.
Payment experiences: Unknown
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.52 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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CHF |
1 |
INR 65.75 |
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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VAR |
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Report Prepared
by : |
TPT |
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 SCs
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.