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MIRA INFORM REPORT
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Report No. : |
485244 |
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Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MAX SCHILD AG |
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Registered Office : |
Lettenweg 46, 4123 Allschwil/BL |
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Country : |
Switzerland |
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Date of Incorporation : |
12.06.1989 |
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Com. Reg. No.: |
270.3.004.680-0 |
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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 leather products in contract manufacturing or own collections. The company produces and distributes collections of wallets, bags, briefcases and related accessories. |
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No. of Employees : |
35-49 |
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 : |
Slow but Correct |
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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
Max Schild AG
Operating address
Lettenweg 46
4123 Allschwil/BL
Switzerland/CH
Telephone: +41
613079900
Fax: +41
613079900
Web site: http://www.maxschild.ch
E-mail: info@maxschild.ch
VAT-No.: CHE-107.258.586
MWST
UID-No.: CHE107258586
Profile
Established: 1989
Line of Business: Textiles/flooring, Consumer goods wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 1512 Manufacture of
luggage, handbags and the like, saddlery and harness
4649 Wholesale of other household goods
Import/Export: Import,
Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 35-49
Sales: CHF
10-20 Mio
Activity
The company engages
in the manufacture and distributionf of leather products in contract
manufacturing or own collections. The company produces and distributes
collections of wallets, bags, briefcases and related accessories.
Own Brand: MOON
Operations &
Branches:
At the address,
Lettenweg 46, 4123 Allschwil, Switzerland, we find the company's registered
office.
Real Estate
Real Estate: It
is understood that the company owns certain property.
Company Register
Company No: 270.3.004.680-0
UID-No.: CHE107258586
Legal form: Company
limited by shares
Registration: 12.06.1989
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date
of Incorporation Statutes: 27.04.1989
Date
of Statutes: 30.11.2016
Date
of Statutes: 27.02.2003
Entry Deleted Name
27.02.2003 Max
Schild AG
27.02.2003 Max Schild Lederwaren en gros AG
Entry Deleted Legal domicile
02.01.2017 Allschwil,
Switzerland
02.01.2017 Basel, Switzerland
Entry Deleted Address
02.01.2017 Lettenweg
46, 4123 Allschwil/BL, Switzerland/CH
02.01.2017 Oberalpstrasse 78, 4054 Basel/BS,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 300,000, paid up CHF 300,000
Entry Deleted Capital Structure
active 300
Registered shares of CHF 1,000.--
Entry Deleted Branches
25.01.2017 Lettenweg 46, 4123 Allschwil/BL,
Switzerland/CH
Official Administration
Title Name
President Schild,
Rudolf
Citizen:
Basel, Brienz BE, Switzerland
Residential
address: Basel, Switzerland
single
signature
Registered
since: 12.06.1989
Director Schild,
Beat
Citizen:
Basel, Switzerland
Residential
address: Binningen, Switzerland
single
signature
Registered
since: 11.11.1998
Management
Title Name
General Manager Schild,
Beat
Citizen:
Basel, Switzerland
Residential
address: Binningen, Switzerland
single
signature
Registered
since: 11.11.1998
External Positions
Title Name
Auditor Testor
Treuhand AG,
Residential
address: Basel, Switzerland
Id:
CHE-102.155.312
Registered
since: 27.11.2015
Executive board
Title Name
Chief Executive Officer Schild, Beat
Direct owner/-s
No. of owner/-s: 2
Owner: The
company is in family ownership.
Class: 50%,
directly held
Name: Beat
Schild
City/Country: Steinhausen/ZG,
Switzerland/CH
Interest: 50,00%
voting right, 50,00% capital interest
Class: 50%,
directly held
Name: Rudolf
Schild
City/Country: Basel/BS,
Switzerland/CH
Interest: 50,00%
voting right, 50,00% capital interest
Investments
Class: 100%,
directly held
Name: Moon
Rack GmbH
City/Country: Weil
am Rhein/Baden-Württemberg, Germany/DE
Interest: 100,00%
voting right, 100,00% capital interest
Financials
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
10.09.2014 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
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 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
No payment history
is available.
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: Slow but correct.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.76 |
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1 |
INR 87.91 |
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Euro |
1 |
INR 78.20 |
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CHF |
1 |
INR 66.27 |
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 : |
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.