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Report No. : |
507349 |
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Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BUSS AG |
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Registered Office : |
Hohenrainstrasse 10 4133 Pratteln/BL |
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Country : |
Switzerland |
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Date of Incorporation : |
1950 |
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Com. Reg. No.: |
280.3.000.892-7 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The business activities includes the development and
manufacture of Kneader systems which are used for plastics, chemical
products, powder coatings and toners, pharmaceutical products, caoutchouc,
adhesives, anode paste and foodstuffs. These polyvalent systems are ideal for
numerous processes, such as continuous: mixing, fusion, plasticizing,
homogenizing, disperging, degassing, dissolving, reacting, crystallizing,
pelletizing |
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No. of Employees : |
190 |
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 (30.09.2017) |
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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.
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.
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Source
: CIA |
Buss AG
Operating address:
Hohenrainstrasse
10
4133 Pratteln/BL
Switzerland/CH
Telephone: +41 61
8256600
Fax: +41
61 8256858
Web
site: http://www.busscorp.com
E-mail: info@busscorp.com
WIN
Worldbox No.: CH0000054166
VAT-No.: CHE-116.312.629
MWST
UID-No.: CHE108710502
Established: 1950
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2899 Manufacture of
other special-purpose machinery n.e.c.
Import/Export: Export
Export sales: 95,0%
Quality certification: ISO 9001:2008
ISO
14001:2004
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 190
Sales: CHF
40-60 Mio
The business activities
includes the development and manufacture of Kneader systems which are used for plastics,
chemical products, powder coatings and toners, pharmaceutical products,
caoutchouc, adhesives, anode paste and foodstuffs. These polyvalent systems are
ideal for numerous processes, such as continuous: mixing, fusion, plasticizing,
homogenizing, disperging, degassing, dissolving, reacting, crystallizing,
pelletizing.
Operations and Branches:
At the address, Hohenrainstrasse 10, 4133
Pratteln, Switzerland, we find office of the company.
Information on property
ownership was not available.
Company No: 280.3.000.892-7
UID-No.: CHE108710502
Legal form: Company
limited by shares
Registration: 16.12.1997
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date
of Statutes: 21.04.2006
Date
of Statutes: 16.02.2001
Date
of Statutes: 08.12.2000
Date
of Statutes: 05.06.1998
Date
of Incorporation Statutes: 27.11.1997
Entry Deleted Name
28.04.2006 Buss
AG
28.04.2006 Buss
Ltd (Name translated)
28.04.2006 Buss SA
(Name translated)
01.03.2001 28.04.2006 Coperion Buss AG
01.03.2001 28.04.2006 Coperion Buss SA (Name translated)
01.03.2001 28.04.2006 Coperion Buss Ltd (Name translated)
16.12.1997 01.03.2001 Buss Compounding Systems Ltd (Name translated)
16.10.1997 01.03.2001 Buss Compounding Systems AG
Entry Deleted Legal domicile
16.12.1997 Pratteln,
Switzerland
Entry Deleted Address
16.12.1997 Hohenrainstrasse
10, 4133 Pratteln/BL, Switzerland/CH
Entry Deleted Capital
15.12.2000 Share
Capital CHF 10,000,000, paidup CHF 10,000,000
Entry Deleted Capital Structure
15.12.2000 10,000
Registered shares of CHF 1,000.--
Title Name
President Mayer, Dr.
Stephan
Citizen:
St. Gallen, Switzerland
Residential
address: 6403 Küssnacht am Rigi/SZ, Switzerland
joint
signature of two
Registered
since: 18.11.2010
Director Müller,
Marc Rudolf
Citizen:
Wiliberg, Switzerland
Residential
address: Hergiswil/NW, Switzerland
joint
signature of two
Registered
since: 19.05.2011
Director Müller,
Roger
Citizen:
Wiliberg, Switzerland
Residential
address: Meilen, Switzerland
joint
signature of two
Registered
since: 10.05.2017
Director Thürig,
Ulrich (Ueli)
Citizen:
Triengen, Switzerland
Residential
address: Feusisberg, Switzerland
joint
signature of two
Registered
since: 06.09.2016
Director Tödtli,
Urs Hans
Citizen:
Horgen, Switzerland
Residential
address: Horgen, Switzerland
joint
signature of two
Registered
since: 19.05.2011
Title Name
General
Manager Nising ,
Axel Philip
Citizen:
Oetwil am See, Switzerland
Residential
address: Oetwil am See, Switzerland
joint
signature of two
Registered
since: 15.11.2016
Member
of the management Hofer, Gérard
Citizen:
Schangnau, Switzerland
Residential
address: Magden, Switzerland
joint
signature of two
Registered
since: 28.12.2012
Member
with signing authority Caderas, Andri
Citizen:
Pitasch, Switzerland
Residential
address: Basel, Switzerland
joint
signature of two
Registered
since: 16.12.2013
Member
with signing authority Hauser,
Christian
Citizen:
Allschwil, Switzerland
Residential
address: Hofstetten SO (Hofstetten-Flüh)/SO, Switzerland
joint
signature of two
Registered
since: 09.08.2007
Member
with signing authority Stähler, Marko
Citizen:
Germany
Residential
address: Rheinfelden , Germany
joint signature of two
Registered
since: 28.12.2012
Title Name
Auditor PricewaterhouseCoopers
AG,
Residential
address: Basel, Switzerland
Id:
CHE-393.441.652
Registered
since: 13.03.2001
Name: FABREL AG
City/Country: Hergiswil/NW, Switzerland/CH
owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%, directly held
Name: FABREL AG
City/Country: Hergiswil/NW, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Buss
Asia Pacific Pte Ltd
City/Country: Singapore,
Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Buss
Inc
City/Country: Carol
Stream/Illinois, United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Buss
Japan Ltd
City/Country: Tokyo,
Japan/JP
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Buss
UK Limited
City/Country: Stalybridge/Cheshire,
United Kingdom/GB
Interest: 100,00%
voting right, 100,00% capital interest
Name: Fabrel
Lotos AG
City/Country: Hergiswil/NW,
Switzerland/CH
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
03.05.2018 2018 0 Legal
actions
31.12.2017 2017 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2015 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
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.
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 are
considered to be in order.
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 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 67.08 |
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1 |
INR 91.14 |
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Euro |
1 |
INR 80.01 |
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CHF |
1 |
INR 67.17 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
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.