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MIRA INFORM REPORT
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Report No. : |
487129 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ACD CRYO AG |
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Registered Office : |
Dammstrasse 36 4142 Münchenstein/BL |
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Country : |
Switzerland |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
270.3.001.317-0 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Company is responsible for the sale and distributions of pumps manufactured
by ACD Cryo throughout Europe, the Middle East and Africa. ACD Cryo is a
manufacturer of reciprocating and centrifugal pumps for all Cold Liquefied
Gases and turbo expanders for air separation. |
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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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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 2011-17.
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 address
ACD CRYO AG
Operating address:
Dammstrasse 36
4142 Münchenstein/BL
Switzerland/CH
Telephone: +41
614130230
Fax: +41
614130233
Web site: http://www.acdllc.com
E-mail: sales@acdcryo.com
WIN Worldbox No.: CH0001797689
VAT-No.: CHE-102.157.995 MWST
UID-No.: CHE102157995
Profile
Established: 1990
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of
other machinery and equipment
Import/Export: Import, Export
Quality certification: ISO 9001:2008
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 10-19
Activity
The company is responsible for the sale and distributions of pumps
manufactured by ACD Cryo throughout Europe, the Middle East and Africa. ACD
Cryo is a manufacturer of reciprocating and centrifugal pumps for all Cold
Liquefied Gases and turbo expanders for air separation.
Operations and Branches:
At the address, Dammstrasse 36, 4142 Münchenstein, Switzerland, we find
the company's registered office.
Real
Estate
Real Estate: The
company does not appear to own any property.
Company
Register
Company No: 270.3.001.317-0
UID-No.: CHE102157995
Legal form: Company
limited by shares
Registration: 18.11.2009
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date
of Statutes: 13.11.2009
Date of
Incorporation Statutes: 22.12.1989
Date of
Statutes: 15.03.2010
Entry Deleted Name
16.03.2010 ACD
CRYO AG
16.03.2010 ACD
CRYO SA (Name translated)
16.03.2010 ACD
CRYO Inc. (Name translated)
16.03.2010 ACD
CRYO Ltd (Name translated)
16.03.2010 Cryogenic
Group AG
16.03.2010 Cryogenic
Group SA (Name translated)
16.03.2010 Cryogenic
Group Ltd (Name translated)
16.03.2010 removed Cryogenic Group AG
16.03.2010 removed Cryogenic Group Ltd (Name translated)
16.03.2010 removed Cryogenic Group SA (Name translated)
Entry Deleted Legal domicile
18.11.2009 Münchenstein,
Switzerland
18.11.2009 Basel, Switzerland
Entry Deleted Address
26.10.2012 Dammstrasse
36, 4142 Münchenstein/BL, Switzerland/CH
18.11.2009 c/o Dr. Christoph Löw, Aeschenvorstadt 4, 4001
Basel, Switzerland/CH
18.11.2009 26.10.2012 Gutenbergstrasse 1, 4142 Münchenstein/BL,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 600,000, paidup CHF 600,000
Entry Deleted Capital Structure
active 600
Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Löw,
Dr. Christoph
Citizen:
Basel, Switzerland
Residential
address: 4125 Riehen, Switzerland
single
signature
Director Grieder,
Dr Stefan
Citizen:
Rünenberg, Switzerland
Residential
address: Basel, Switzerland
single
signature
Registered
since: 14.08.2015
Director Hotz,
Dr. Mathias
Citizen:
Germany
Residential
address: Stuttgart , Germany
single
signature
Registered
since: 11.09.2017
Director Steres,
Gary A.
Citizen:
United States of America
Residential
address: Murietta / California , United States of America
single
signature
Management
Title Name
Director Ravinel,
Patrick
Citizen:
France
Residential
address: Blotzheim, France
joint
signature of two
Registered
since: 24.03.2010
Director Suita,
Tsunehisa
Citizen:
Japan
Residential
address: Tokyo , Japan
single
signature
Registered
since: 11.09.2017
Member with procuration Brown, Ross M.
Citizen:
United States of America
Residential
address: Tioga / Texas , United States of America
single
signature
Member with procuration Hallinan, William James
Citizen:
United States of America
Residential
address: Scottsdale / Arizona , United States of America
single
signature
External
Positions
Title Name
Auditor RSM
Audit (Zurich) AG ,
Residential
address: Zürich, Switzerland
Id:
CHE-114.806.889
Registered
since: 11.09.2017
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%,
directly held
Name: Cryogenic
Industries Inc.
City/Country: Las Vegas, United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
Investments
Class: 100%,
directly held
Name: Cryogenic
Industries AG
City/Country: Basel/BS, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
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
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 difficult to assess.
Payment
experiences: There is no information
available regarding the financial obligations.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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SWISS |
1 |
INR 68.19 |
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 : |
POJ |
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.