MIRA
INFORM REPORT
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Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHEMO SA |
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Registered Office : |
Via
Ferruccio Pelli 17 6900 Lugano/TI |
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Country : |
Switzerland |
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Date of Incorporation : |
29.11.2006 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade in Chemical and Pharmaceutical Products |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
EUR 5.000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name of the company
CHEMO SA,
Lussemburgo, Lugano Branch
Line of Business
Pharmazeutika
Legal domicile
via Ferruccio
Pelli 17
6900 Lugano/TI
Switzerland
Telephone: 091 9732101
Fax: 091 9732106
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Overall
assessment: |
300 |
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Business connections are
permissible. |
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detail
assessment: |
payments: |
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regular |
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individual
credit limit*: |
EUR 5.000,-- |
This credit
advice is based on information available at the time of conducting the
research, being the above indicated date.
All amounts in
this report are given in Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint
stock company
Status: This is a branch.
Registration: 29-11-2006
First
Publication: 05-12-2006
Last
Publication: 14-03-2008
History
At the corporate
headquarters in Luxembourg the company was registered in the commercial
register under the number B 121291 on 17 November 2006.
Share
capital: EUR 100.000
Paid up: EUR
25.000
Divided
into: 100 Shares of EUR 1.000
Head office
CHEMO SA,
Luxemburg, Luxembourg/LU.
Direct Parent com.
CHEMO SOCIEDAD
ANONIMA, Montevideo, Uruguay/UY.
Company Management
Claudio
Farinelli
Ernst Humbel
Sereno Vanossi
ACTIVITY
Line of
business:
Trade in
chemical and pharmaceutical products
Sector
Commercial and
industrial services
Activity:
The scope of
business encompasses the international trading of chemicals and pharmaceuticals
such as primary materials for the production
ofmedicines, generics, pet medicines, etc.
Trading area
International
EMPLOYEES
Number of
employees: 100
The group
employs approximately 650 people worldwide.
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal actions:
Information only available
against proof of
interest with
a valid signature.
Clear
experiences on the manner in which the company meets its
liabilities,
are not readily available.
Large-scale financial
transactions should preferably still be
safeguarded by
appropriate capital guarantees or sureties.
FINANCIAL DATA
Financial
position: There is not sufficient
information available at
present to
beable to give a definate assessment of
the financial
situation.
Financial
Statements: No financial statements are available.
It also has to
be noted that reliable information about the company's
financial
condition at the Luxembourg headquarters is not available to
us.
Banker(-s)
UBS Ltd, 6900
Lugano
Premises
The premises
at the above mentioned address are rented.
Real estate property
Real estate is
owned.
Fiscal taxation
No information
is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Head
office: CHEMO SA, Luxemburg,
Luxembourg/LU.
Direct Parent
com.: CHEMO SOCIEDAD ANONIMA,
Montevideo, Uruguay/UY.
CHEMO SOCIEDAD
ANONIMA was registered in the commercial register of
Montevideo on
18 June 2003. The Articles of Incorporation date from 23
May 2003.
In Switzerland
exist the following affiliated companies:
- CHEMO
PROJECT SA, Lugano
- CHEMO
INVESTMENTS SA, Lugano
- B.T. GEN SA,
LUSSEMBURGO, LUGANO BRANCH, Lugano
Information
about the exact nature of the connections to the associated
companies is
however not provided.
Further CHEMO
group companies are located in Spain (3), Hungary (1),
Argentina (1),
India (1) and Italy (1).
The enclosed
information about the group and associated companies can
however not be
directly double checked.
MANAGEMENT:
Claudio Farinelli, from
Italy, in Malnate/Italy,
General Manager,
collective signature limited to
the Branch.
Ernst Humbel, from
Zuerich, Birmenstorf AG, in
Lugano/TI/Switzerland,
General Manager,
collective signature limited to
the Branch.
Sereno Vanossi, from
Rovio, in
Rovio/TI/Switzerland,
General Manager,
collective signature limited to
the Branch.
PERSONNEL INFORMATION
Ernst Humbel
was born 03.08.1966 and lives at the address Via Maraini 7
in 6900
Lugano. He is married to Paola, nee Cortella on 12.07.1960.
There are no
detrimental reports on the senior executives' business
conduct.
FURTHER MANDATES
Jean Hofmann:
- B.T. GEN SA,
Lussemburgo, Lugano Branch, Lugano
- VERBEN SA,
Lussemburgo, Lugano Branch, Lugano
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)