MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SELECTCHEMIE
AG |
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Registered Office : |
Etzelstrasse 42 8038
Zuerich/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
20.03.1969 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale Trading of Pharmaceutical Raw Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR
250.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Selectchemie
AG
Line of Business
Rohstoffe fuer
Chemie und Industrie
Legal domicile
Etzelstrasse
42
8038
Zuerich/ZH
Switzerland
Telephone: 044
4879611
Fax: 044 4879690
Homepage: www.selectchemie.ch
E-Mail: info@selectchemie.ch
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Overall
Assessment: |
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Business connections are
permissible. |
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Detail
Assessment: |
payments: |
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No complaints |
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individual
credit limit*: |
EUR 250.000,-- |
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
First
Publication: 20-03-1969
Last
Publication: 17-04-2007
Created
by: The company was newly established.
History:
In the Swiss
commercial register the company is registered under the number
CH-020.3.923.607-4.
Share
capital: 1.500.000
Paid up: 1.500.000
Divided
into: 1.500 Registered shares of 1.000
The
transfer of registered shares is restricted by
regulations contained in Statutes.
Shareholders: The shares are in private ownership.
Company
Management: Robert Kriftner
ACTIVITY
Line of
business: Wholesale trading of
pharmaceutical raw products
Sector: Wholesale
Activity:
The scope of
business encompasses the import, export and wholesale trading of bulk raw
materials serving the pharmaceutical, human and animal nutrition industries.
The products
are traded under the patented "SELECTCHEMIE AG" brand.
Selectchemie
acts as official distributor for many leading raw material manufacturers from
all over the world.
Selectchemie
is ISO 9001:2000 and cGMP certified.
Locations:
The company
maintains points of sale in France, Italy, Russia, Bulgaria,
Romania,
Brazil, India and China.
Trading area:
Worldwide
Import/Export: The
company is active in Import and Export.
Export: 60% of total
turnover
EMPLOYEES
Number of
employees: 70
The company
employs between 65 and 70 people.
The overall
group employs approximately 120 people.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal
actions: Information only
available against proof of interest.
The payments
and business transactions are conducted in an orderly manner.
FINANCIAL DATA:
Financial
position: The financial situation is
good.
Financial
Statements: The company does not disclose any financial statements.
Key figures (in
CHF 1.000):
Selectchemie
AG
31.12.2007 31.12.2006
31.12.2005 31.12.2003
12 Months 12 Months
12 Months 12 Months
Sales 126'500.0 110'000.0
110'000.0 103'000.0
Banker(-s)
Credit Suisse
(CS), 8000 Zuerich
UBS Ltd, 8000
Zuerich
Auditors
PricewaterhouseCoopers
AG, Zuerich
Real estate
property: Real estate is owned.
Part of the business
premises at the above captioned address are owned by the company (condominium
property), another part is rented. Detailed information thereon is not
available.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Shareholder(s):
Fritz Kopp-Z'Graggen,
Luzern/LU (Influential
shareholder).
Hugo K.
Mueller, Uznach/SG (Influential
shareholder).
Lukas Peyer,
Herrliberg/ZH (Influential
shareholder).
The three
shareholders mentioned above hold the majority of the shares. Other private
persons also have shareholdings in this company.
Investments: None.
BOARD OF DIRECTORS:
Dr. Hans
Rudolf Mueller, from Schaffhausen,
Zufikon, in
Schaffhausen/SH/Switzerland,
President,
collective signature.
Lukas Peyer,
from Diessenhofen, in
Herrliberg/ZH/Switzerland,
Managing
Director, collective signature.
Fritz
Kopp-Z'Graggen, from Luzern, Ebikon, in
Luzern/LU/Switzerland,
Member,
collective signature.
Dr. Alfred R.
Kuehn, from Luzern, Winterthur, in
Stansstad/NW/Switzerland,
Member.
Hugo Mueller,
from Uznach, in
Uznach/SG/Switzerland,
Member,
Director, collective signature.
MANAGEMENT:
Ignatius
Bamert, from Tuggen, in
Lachen/SZ/Switzerland,
Director,
collective signature.
Juerg Berger,
from Taegerwilen, in
Hedingen/ZH/Switzerland,
Director, collective
signature.
Robert
Kriftner, from St. Margrethen, in
Marthalen/ZH/Switzerland,
Director,
collective signature.
Peter
Kaufmann, from Horw, in
Oberrieden/ZH/Switzerland,
Vice Director,
collective signature.
Heinrich
Meier, from Bachenbuelach, in
Galgenen/SZ/Switzerland,
Vice Director,
collective signature.
Markus
Brunner, from Bettwil, in
Duebendorf/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
Lale Coeteli,
from Faellanden, in
Faellanden/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
Robert
Fricker, from Kuesnacht ZH, in
Kuesnacht/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
Pedro Manuel
Lorca Bellorti, from Spain, in
Kirchberg/SG/Switzerland,
Authorised
signatory, collective signing
authority.
Urs Bernhard
Loewenthal, from Zuerich, in
Berlingen/TG/Switzerland,
Authorised
signatory, collective signing
authority.
Kaspar Luethi,
from Bolken, in
Dietikon/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
Andreas
Roggenbauch, from Berg TG, in
Huentwangen/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
Marinus van
Boven, from StA der Niederlande, StA
Spaniens, in
Barcelona/El Salvador,
Authorised
signatory, collective signing
authority.
Jakob Wigger,
from Malters, in
Steinhausen/ZG/Switzerland,
Authorised
signatory, collective signing
authority.
PERSONNEL INFORMATION
Hans Rudolf
Mueller called Hansruedi lives at the address Beckenwaeldli 18 in 8207
Schaffhausen.
He holds a doctorate
in chemistry by profession and is married.
Lukas Peyer,
born on 28.04.1939, is married to Marlies Peyer-Aeppli and is resident at the
Humrigenflurstrasse 25 in 8704 Herrliberg. He is a businessman by profession.
The top-level
members of the management enjoy a good reputation in business affairs.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.59 |
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UK Pound |
1 |
Rs.74.55 |
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Euro |
1 |
Rs.60.57 |
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%)