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Report No. : |
508047 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
REMA CN, SAUNIER |
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Registered Office : |
Rue Des Bassets 35, 2303 La
Chaux-De-Fonds/NE |
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Country : |
Switzerland |
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Date of Incorporation : |
02.02.2000 |
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Com. Reg. No.: |
645.1.009.444-6 |
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Legal Form : |
Sole
proprietorship/trader |
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Line of Business : |
The company engages in the
provision of repair, revision, modification, construction and development
services for retrofit CNC machinery. |
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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 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 |
REMA CN, SAUNIER
Operating address:
Rue Des Bassets 35
2303 La Chaux-De-Fonds/NE
Switzerland/CH
Telephone: +41
329680950
Fax: +41
329680951
E-mail: rema.cn@bluewin.ch
WIN Worldbox No.: CH0003853764
VAT-No.: CHE-105.475.173
TVA
UID-No.: CHE105475173
Established: 2000
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 3312 Repair of machinery
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2018
Employees: 1-9
Sales: CHF
0-1 Mio
The company engages
in the provision of repair, revision, modification, construction and
development services for retrofit CNC machinery.
Operations and
Branches:
At the address, rue
des Bassets 35, 2300 La Chaux-de-Fonds, Switzerland, we find the company's
office.
Real Estate: The
company does not appear to own any property.
Company No: 645.1.009.444-6
UID-No.: CHE105475173
Legal form: Sole
proprietorship/trader
Registration: 02.02.2000
Legal status: active
Responsible Register: Registre du commerce du canton de Neuchâtel
Entry Deleted Name
08.11.2006 REMA
CN, Saunier
09.12.2004 08.11.2006 REMA CN, Saunier et Mougin
26.09.2002 09.12.2004 REMA CN, Saunier, Stifani,
02.02.2000 26.09.2002 REMA CN, Saunier, Stifani, Gonzalez
Entry Deleted Legal domicile
02.02.2000 La
Chaux-de-Fonds, Switzerland
Entry Deleted Address
02.02.2000 Rue
des Bassets 35, 2300 La Chaux-de-Fonds, Switzerland/CH
Title Name
Owner Saunier,
Pascal
Citizen: Réclère, Switzerland
Residential
address: La Chaux-de-Fonds , Switzerland
single signature
Registered
since: 02.02.2000
Title Name
Executive Director Saunier, Pascal
No. of owner/-s: 1
Owner: The company is
privately owned.
It is believed that the
company has no investments.
Balance sheet
publication:
The subject company does
not publish financial figures.
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.
No payment history is
available.
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 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.51 |
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CHF |
1 |
INR 67.46 |
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 : |
NIT |
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.