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MIRA INFORM REPORT
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Report No. : |
486516 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JAKOB MÜLLER AG FRICK |
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Registered Office : |
Schulstrasse 14, 5070 Frick/AG
/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1887 |
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Com. Reg. No.: |
400.3.924.219-7 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
Subject is engaged in development
and production of technology solutions for the band and narrow textile
industry. Products are various machines and technologies for tape and narrow
fabrics. |
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No. of Employees : |
520 |
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
Jakob Müller AG Frick
"Jakob Müller AG"
Operating
address
Schulstrasse
14
5070
Frick/AG
Switzerland/CH
Telephone: +41
628655111
Fax: +41
628655777
Web site: http://www.mueller-frick.com
E-mail: jmf@mueller-frick.com
VAT-No.: CHE-106.013.272 MWST
UID-No.: CHE106013272
Profile
Established: 1887
History: 1887: Established
from Jakob Müller
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2829 Manufacture
of other general-purpose machinery n.e.c.
Import/Export: Export
Quality certification: ISO 9001:2008 (since 1997)
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 520
Sales: CHF 200,000,000.--
Activity
The business
activities include the development and production of technology solutions for
the band and narrow textile industry. Products are various machines and
technologies for tape and narrow fabrics. The company is globally represented
on 4 continents with 11 subsidiaries, 6 of them with own production, also
service centers and sales agencies in over 70 countries worldwide.
Operations and
Branches:
At the address,
Schulstrasse 14, 5070 Frick, Switzerland, we find office of the company.
Real Estate
Real Estate: It is understood that the company owns certain
property.
Company Register
Company No: 400.3.924.219-7
UID-No.: CHE106013272
Legal form: Company limited by shares
Registration: 11.12.1968
Legal status: active
Responsible Register: Handelsregister des Kantons Aargau
History: Date of Statutes: 10.11.2005
Date
of Statutes: 15.11.1994
Date
of Incorporation Statutes: 27.11.1968
Entry Deleted Name
14.11.2005 Jakob Müller AG Frick
14.11.2005 Jakob Müller AG Maschinenfabrik
Entry Deleted Legal domicile
active Frick, Switzerland
Entry Deleted Address
active Schulstrasse
14, 5070 Frick/AG, Switzerland/CH
Entry Deleted Capital
12.03.1991 Share Capital CHF 2,000,000, paid up CHF
2,000,000
Entry Deleted Capital Structure
12.03.1991 2,000 Registered shares of CHF 1,000.--
Official Administration
Title Name
President Henz, Jürg
Citizen:
Bärschwil, Switzerland
Residential
address: Zuzwil/SG, Switzerland
joint
signature of two
Registered
since: 12.07.2016
Vice-President Kuoni, Christian
Citizen:
Maienfeld, Switzerland
Residential
address: Zeiningen, Switzerland
joint
signature of two
Registered
since: 16.04.1993
Director Bühler, Hugo
Citizen:
Menznau, Switzerland
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 05.10.2015
Director Bühler, Stephan
Citizen:
Menznau, Switzerland
Residential
address: Buchs/ZH, Switzerland
joint
signature of two
Registered
since: 12.07.2016
Director Hammel, Philipp
Citizen:
Kleinlützel, Switzerland
Residential
address: Reinach/BL, Switzerland
joint
signature of two
Registered
since: 12.07.2016
Director Kuoni, Reto
Citizen:
Maienfeld, Switzerland
Residential
address: Zeiningen, Switzerland
joint
signature of two
Registered
since: 12.07.2016
Director Mao, Jianhe
Citizen:
Losone, Switzerland
Residential
address: St. Gallen, Switzerland
joint
signature of two
Registered
since: 12.07.2016
Management
Title Name
Member of the management Bolliger, Bruno
Citizen:
Gontenschwil, Switzerland
Residential
address: 5105 Auenstein/AG, Switzerland
joint signature of two
Registered
since: 15.01.2010
Member of the management Reimann, Robert
Citizen:
Wölflinswil, Switzerland
Residential
address: Münchwilen/AG, Switzerland
joint
signature of two
Registered
since: 22.09.2011
Member of the management Wendisch, Bertram
Citizen:
Germany
Residential
address: Waldenburg, Switzerland
joint
signature of two
Registered
since: 10.07.2017
Member of the management Zindel, Arno
Citizen:
Maienfeld, Switzerland
Residential
address: Grüsch, Switzerland
joint
signature of two
Registered
since: 19.08.2015
Member with signing authority Haller, Markus
Citizen:
Reinach (AG), Switzerland
Residential
address: Möhlin, Switzerland
joint
signature of two
Registered
since: 10.07.2017
External Positions
Title Name
Auditor PricewaterhouseCoopers AG,
Residential
address: Basel, Switzerland
Id:
CHE-393.441.652
Registered
since: 18.10.2000
Executive board
Title Name
Chief Executive Officer Kuoni, Christian
Ultimate Parent Company
Name: Jakob Müller Holding AG
City/Country: Frick/AG, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: Jakob Müller Holding AG
City/Country: Frick/AG, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest
Investments
Class: 100%, directly held
Name: JAKOB MUELLER HONG KONG CHINA LIMITED
City/Country: Kowloon, Hong Kong/HK
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: Jakob Müller Brasil Ltda
City/Country: Sao Paulo, Brazil/BR
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: Jakob Müller Deutschland GmbH
City/Country: Schwelm, Germany/DE
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: Jakob Müller Machinery (China) Co Ltd
City/Country: Suzhou/Jiangsu Province, China/CN
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: Jakob Müller Nippon KK
City/Country: Fukui, Japan/JP
Interest: 100,00% voting right, 100,00% capital
interest
Sisters
Name: Bata-Park AG
City/Country: Frick/AG, Switzerland/CH
Name: Jakob
Müller de Mexico SA de CV
City/Country: Mexico, Mexico/MX
Name: Jakob Müller Immobilien AG
City/Country: Frick/AG, Switzerland/CH
Name: JAKOB MULLER (INDIA)PRIVATE LIMITED
City/Country: Bangalore/Karnataka, India/IN
Name: Jakob Müller Italiana SpA
City/Country: Lainate/Milano, Italy/IT
Name: Jakob Müller of America Inc
City/Country: Charlotte/North Carolina, United States of America/US
Name: Jakob
Müller Česká republika A.S.
City/Country: Kadaň, Czech/CZ
Name: TexTrace AG
City/Country: Frick/AG, Switzerland/CH
Financials
Balance sheet publication:
The
subject company does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
23.10.2015 2015 0 Legal
actions
31.12.2014 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
Official
bankruptcy reports:
No
bankruptcy publications available on the subject.
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 from pre-legal collection cases:
No
payment experiences from pre-legal collection cases are available.
Payment
experiences from collection cases:
No
payment experiences from legal collection cases are available.
Mode of
payment / Business conduct:
There
are no complaints about the mode of payment and the business conduct.
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 63.41 |
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1 |
INR 87.18 |
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Euro |
1 |
INR 77.45 |
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CHF |
1 |
INR 66.31 |
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 : |
SYL |
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
·
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.