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MIRA INFORM REPORT
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Report No. : |
494783 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ISOMAP AG |
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Registered Office : |
Industriestrasse 18, 3700
Spiez/BE, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
16.09.1992 |
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Com. Reg. No.: |
092.3.007.050-2 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company engages in the
manufacture, distribution and trade of cutters and handsets for the purpose
of stripping wires. The company has additional representatives in Germany,
France, England, Italy, Portugal, Slovenia, Spain, Brazil, India, Japan,
Taiwan and Turkey. |
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No. of Employees : |
1-9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s 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 (30.09.2017) |
Current Rating (31.12.2017) |
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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
ISOMAP AG
Operating address
Industriestrasse 18
3700 Spiez/BE
Switzerland/CH
Telephone: +41 336559063
Fax: +41 336559051
Web site: http://www.isomap.ch
E-mail: info@isomap.ch
WIN No.: CH0003112073
VAT-No.: CHE-106.134.102 MWST
UID-No.: CHE106134102
Profile
Established: 1992
Line of Business: Metal/steel
Industry Division: Manufacturing
Industry-code (NACE): 2573 Manufacture
of tools
Import/Export: Export
Banks: UBS Ltd
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF 2-4 Mio
Activity
The company engages in the
manufacture, distribution and trade of cutters and handsets for the purpose of
stripping wires. The company has additional representatives in Germany, France,
England, Italy, Portugal, Slovenia, Spain, Brazil, India, Japan, Taiwan and
Turkey.
Product range:
- Handset (Isomap IIB)
- Cutter heads (type KG,
type PVC)
- HP Diamond cutterheads
- Accessories (airbrush
holder with foot switch, protective cap with wire guide, spare knives, knife
heads, Replacement brush)
Operations and Branches:
At the address,
Industriestrasse 18, 3700 Spiez, 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: 092.3.007.050-2
UID-No.: CHE106134102
Legal form: Company Limited by Shares
Registration: 16.09.1992
Legal status: active
Responsible Register: Handelsregister des Kantons Bern
History: Date of Statutes: 11.03.1997
Date of Incorporation Statutes: 07.09.1992
Date of Statutes: 10.08.2017
Date of Statutes: 07.12.2004
Entry Deleted Name
08.12.2004 Isomap AG
08.12.2004 Mountain
Punch AG
Entry Deleted Legal
domicile
active Spiez, Switzerland
Entry Deleted Address
28.08.2017 Industriestrasse
18, 3700 Spiez/BE, Switzerland/CH
28.08.2017 Lattigen, 3700 Spiez, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 140,000, paid
up CHF 140,000
Entry Deleted Capital
Structure
active 100 Registered shares of CHF
1,400.--
Official Administration
Title Name
President Oesch, Andreas
Citizen: Oberlangenegg, Switzerland
Residential address: 3752 Wimmis, Switzerland
single signature
Registered since: 22.01.2007
Director Gfeller, Katharina
Citizen: Worb, Switzerland
Residential address: Spiez, Switzerland
single signature
Registered since: 29.12.2016
Director Schwengeler, Jürg
Citizen: Winterthur, Switzerland
Residential address: 3612 Steffisburg, Switzerland
joint signature of two
Direct owner/-s
Under Swiss Company Law,
limited companies (AG, SA, LTD.) are not required to file information on
shareholders of a company.
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company does
not publish balance sheet or turnover 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: Unknown.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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CHF |
1 |
INR 69.32 |
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 : |
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
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.