MIRA INFORM REPORT

 

 

Report Date :           

02.04.2011

 

IDENTIFICATION DETAILS

 

Name :

CHAM PAPER GROUP SCHWEIZ AG

 

 

Registered Office :

Fabrikstrasse, 6330 Cham

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.04.1978

 

 

Com. Reg. No.:

170.3.008.470-5 / 341359

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

manufactures quality papers for first-class packaging and labels

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

CHF 2'000'000

Status :

Satisfactory

Payment Behaviour :

Regular

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

Cham Paper Group Schweiz AG

 

 

Operating address

 

Fabrikstrasse

6330 Cham

Switzerland/CH

Telephone:                    041 7853333

Fax:                             041 7853150

Web site:                      http://www.cham-group.com

E-mail:                         mail.cham@cham-group.com

VAT-No.:                      CHE-105.966.206

 

 

Profile

 

Established:                  1978

Line of Business:           Paper/cardboard

Industry Division:           Manufacturing

Industry-code (NACE):     1723     Manufacture of paper stationery

                                      1721     Manufacture of corrugated paper and paperboard and of containers of paper and paperboard

                                      1712     Manufacture of paper and paperboard

Import/Export:               Export

Quality certification:       ISO 9001

                                    ISO 14001

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Financial year:              2009

Employees:                  298

Sales:                          CHF 144'000'000.--

 

 

Activity

 

The company manufactures quality papers for first-class packaging and labels (Consumer Goods), innovative release papers for films, tapes or labels, and tried-and-tested backing papers for industrial casting and lamination processes (Industrial Release), as well as innovative inkjet and sublimation papers for large format print (Digital Imaging).

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                170.3.008.470-5 / 341359

Legal form:                    Company limited by shares

Registration:                 17.04.1978

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

Auditor:                        PricewaterhouseCoopers AG (CH-170.9.000.609-0), Zug

History:                        Date of Statutes: 22.07.1994

                                    Date of Statutes: 21.12.2009

                                    Date of Statutes: 08.10.2007

                                    Date of Statutes: 25.07.2002

                                    Date of Statutes: 02.11.2000

                                    Date of Statutes: 16.12.1996

 

Entry            Deleted   Name

04.01.2010                    Cham Paper Group Schweiz AG

04.01.2010                    Cham Paper Group Suisse SA (Name translated)

04.01.2010                    Cham Paper Group Svizzera SA (Name translated)

04.01.2010                    Cham Paper Group Switzerland Inc (Name translated)

                    04.01.2010  Papierfabriken Cham-Tenero AG

                    04.01.2010  Cham-Tenero Paper Mills Inc. (Name translated)

                    04.01.2010  Cartiere Cham-Tenero SA (Name translated)

                    04.01.2010  Papeteries Cham-Tenero SA (Name translated)

 

Entry            Deleted   Legal domicile

active                           Cham, Switzerland

 

Entry            Deleted   Address

04.03.1999                    Fabrikstrasse, 6330 Cham/ZG, Switzerland/CH

 

Entry            Deleted   Capital

19.12.2007                    Share Capital CHF 85'000'000, paidup CHF 85'000'000

 

Entry            Deleted   Capital Structure

19.12.2007                    85'000 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

04.01.2010                    Herstellung und Veredelung von und Handel mit Papier und verwandten Produkten, Erbringung von damit verwandten Dienstleistungen sowie Beteiligung an Unternehmen der gleichen Branche; kann Tochtergesellschaften errichten, sich an anderen Unternehmen beteiligen, Grundeigentum erwerben, belasten, veräussern und verwalten, Finanzierungen für eigene oder fremde Rechnung vornehmen sowie Garantien und Bürgschaften für Tochtergesellschaften und Dritte eingehen

                    04.01.2010  Herstellung und Veredelung von und Handel mit Papier und verwandten Produkten, sowie Beteiligung an Unternehmen der gleichen Branche. Die Gesellschaft kann auch Grundbesitz erwerben, nutzen, verwalten und veräussern

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

04.01.2010                    Reports: Die Mitteilungen an die Aktionäre erfolgen durch Brief, E-Mail oder Telefax an die im Aktienbuch verzeichneten Adressen.

19.12.2007                    Shares: Bei der Kapitalherabsetzung vom 08.10.2007 werden 45'000 Namenaktien zu CHF 1'000.00 vernichtet. Der Herabsetzungsbetrag von CHF 45'000'000.00 wird dem Bilanzverlust der Gesellschaft gutgeschrieben; die Beachtung der gesetzlichen Vorschriften von Art. 734 OR wird mit öffentlicher Urkunde vom 18.12.2007 festgestellt.

 

 

Official Administration

 

Title                                           Name

President                                    Philipp Buhofer, Origin: Reinach AG, Switzerland, Address: Hagendorn, Switzerland, joint signature of two, Appointment: 23.09.2004

Executive Director                       Patrick Schmid, Origin: Menznau, Hitzkirch, Switzerland, Address: Obernau, Switzerland, joint signature of two, Appointment: 06.02.2002

Executive Director                       Peter Studer, Origin: Niederried bei Kallnach, Switzerland, Address: Hasle-Rüegsau, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Chairman of the management       Peter Studer, Origin: Niederried bei Kallnach, Switzerland, Address: Hasle-Rüegsau, Switzerland, joint signature of two

Member of the management         Dr. Peter Müller-Geibel, Origin: Germany, Address: Arth, Switzerland, joint signature of two

Member with procuration              Georg Kempf, Origin: Attinghausen, Switzerland, Address: Cham, Switzerland, joint power of attorney of two, Appointment: 10.12.1996

Member with procuration              Walter Keller, Origin: Rüschlikon, Lindau, Switzerland, Address: Obfelden, Switzerland, joint power of attorney of two

Member with procuration              Thomas Roos, Origin: Romoos, Switzerland, Address: Oberrüti, Switzerland, joint power of attorney of two

Member with procuration              Rolf Kaufmann, Origin: Cham, Switzerland, Address: Steinerberg, Switzerland, joint power of attorney of two

Member with procuration              Judith Borner Allgäuer, Origin: Hitzkirch, Switzerland, Address: Hitzkirch, Switzerland, joint power of attorney of two, Appointment: 11.01.2008

Member with procuration              Marcel Bosshart, Origin: Fischingen, Switzerland, Address: Knonau, Switzerland, joint power of attorney of two, Appointment: 11.01.2008

Member with procuration              Jaroslava Marie Fässler, Origin: Frenkendorf, Switzerland, Address: Jona, Switzerland, joint power of attorney of two, Appointment: 11.01.2008

Member with procuration              Theodor Saxer, Origin: Hägglingen, Switzerland, Address: Oberrüti, Switzerland, joint power of attorney of two, Appointment: 11.01.2008

Member with procuration              Colette Brand-Rohrer , Origin: Zürich, Switzerland, Address: Rottenschwil, Switzerland, joint power of attorney of two

Member with procuration              Tobias Sternbeck, Origin: Germany, Address: Holzhäusern, joint power of attorney of two

Member with procuration              Luis Mata, Origin: Spain, Address: Reinach/AG, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Markus Keiser, Origin: Hergiswil NW, Switzerland, Address: Adligenswil, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Hans Pridal, Origin: Rothrist, Switzerland, Address: Richenthal, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Gerhard Urlaub, Origin: Germany, Address: Arlesheim, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Bernardo Semadeni, Origin: Poschiavo, Switzerland, Address: Wädenswil, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Florian Pick, Origin: Germany, Address: Kilchberg/ZH, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Mike Heusser, Origin: Winterthur, Switzerland, Address: Luzern, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Moritz Jungo, Origin: Düdingen, Fribourg, Switzerland, Address: Immensee, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Yves Weber, Origin: Gontenschwil, Switzerland, Address: Widen, Switzerland, joint power of attorney of two, Appointment: 03.11.2009

Member with procuration              Stefan Müller, Origin: Germany, Address: Cham, Switzerland, joint power of attorney of two, Appointment: 11.01.2008

Member with procuration              Martin Kubias, Origin: Horw, Switzerland, Address: Horw, Switzerland, joint power of attorney of two, Appointment: 29.06.2009

Member with procuration              Hans-Jörg Schmidiger, Origin: Flühli, Switzerland, Address: Mettmenstetten, Switzerland, joint power of attorney of two, Appointment: 06.02.2002

Member with procuration              Andreas Hauert, Origin: Ersigen, Switzerland, Address: Cham, Switzerland, joint power of attorney of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Peter Studer

 

Financial Data Cham Paper Group

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2010        31.12.2009        31.12.2008        31.12.2007        31.12.2006

Number of months:                                       12                    12                    12                    12                    12

Currency:                                                 th. CHF             th. CHF            th. CHF             th. CHF            th. CHF

Statement norm:                                         ARR                 ARR                  IAS                   IAS                  IAS

 

Balance Sheet

Intangible fixed assets                                    5'399.0              2'189.0             5'407.0              4'173.0             5'942.0

Land and buildings                                       38'512.0            44'586.0          234'760.0          225'092.0          232'236.0

Other tangible fixed assets                          104'658.0          121'807.0            56'694.0            72'874.0            73'040.0

Tangible fixed assets                                  143'170.0          166'393.0          291'454.0          297'966.0          305'276.0

Financial fixed assets                                       634.0                694.0             1'655.0              3'910.0             2'755.0

other fixed assets                                          3'526.0              7'009.0             8'348.0            10'657.0             7'041.0

Fixed assets                                              152'729.0          176'285.0          306'864.0          316'706.0          321'014.0

Stocks                                                        59'831.0            57'082.0          111'557.0          116'396.0          100'544.0

Trade accounts receivable                             60'950.0            71'257.0            71'912.0            89'076.0            87'820.0

Liquid assets                                               61'747.0            77'660.0            15'605.0            45'021.0            50'362.0

Securities                                                           0.0                803.0             2'987.0            12'378.0             7'685.0

other trade accounts                                      7'323.0              5'171.0             6'739.0              8'867.0            12'620.0

Accruals                                                       2'093.0              2'223.0             3'072.0              4'492.0             3'094.0

other current assets                                     71'163.0            85'857.0            28'403.0            70'758.0            73'761.0

Current assets                                           191'944.0          214'196.0          211'872.0          276'230.0          262'125.0

Total assets                                               344'673.0          390'481.0          518'736.0          592'936.0          583'139.0

 

Capital                                                        48'425.0            57'738.0            57'738.0            63'325.0            67'050.0

Other shareholders funds                            150'305.0          158'123.0          213'518.0          255'236.0          234'007.0

Total shareholders equity                            198'730.0          215'861.0          271'256.0          318'561.0          301'057.0

Minority interests                                                 0.0                   0.0                   0.0                   0.0                   0.0

long term debt (financial debts)                      48'577.0            64'790.0            76'949.0          111'458.0            63'605.0

Provisions                                                     1'400.0              1'400.0             2'800.0              2'614.0             1'701.0

Other non current liabilities                             8'813.0            10'456.0            22'737.0            31'803.0            32'091.0

Non current liabilities                                    58'790.0            76'646.0          102'486.0          145'875.0            97'397.0

short term debt (financial debts)                    33'181.0            40'317.0            75'718.0            27'022.0            72'595.0

Trade accounts payable                                37'327.0            37'920.0            45'186.0            63'705.0            74'360.0

Provisions                                                           0.0                902.0             1'055.0              3'257.0             5'601.0

Accruals                                                     11'923.0            11'958.0            15'874.0            25'184.0            23'134.0

other accounts payable                                  4'722.0              6'877.0             7'161.0              9'332.0             8'995.0

other current liabilities                                  16'645.0            19'737.0            24'090.0            37'773.0            37'730.0

Current liabilities                                          87'153.0            97'974.0          144'994.0          128'500.0          184'685.0

Shareh. equity, min. interests + liabilities     344'673.0          390'481.0          518'736.0          592'936.0          583'139.0

 

Profit and loss account

Net sales                                                   339'517.0          319'421.0          367'468.0          393'422.0          455'189.0

Other operating revenue                                  4'954.0                   0.0                364.0                304.0             1'677.0

Operating revenue                                      344'471.0          319'421.0          367'832.0          393'726.0          456'866.0

Cost of goods sold                                     301'010.0          261'786.0          313'025.0          332'401.0          399'864.0

Gross profit                                                 43'461.0            57'635.0            54'807.0            61'325.0            57'002.0

Other operating expenses                             35'096.0            41'716.0            61'574.0            33'167.0            61'610.0

Operating result                                             8'365.0            15'919.0            -6'767.0            28'158.0            -4'608.0

Interest revenues                                              175.0                258.0                968.0              1'243.0                721.0

other financial revenues                                    231.0              7'099.0                 59.0                399.0             5'950.0

Financial income                                              406.0              7'357.0             1'027.0              1'642.0             6'671.0

Interest expenses                                          2'315.0              3'647.0             6'670.0              6'315.0             6'740.0

other financial expenses                                 4'699.0              1'262.0             6'489.0                123.0             2'219.0

Financial expenses                                        7'014.0              4'909.0            13'159.0              8'625.0             8'959.0

Financial result                                             -6'608.0              2'448.0           -12'132.0             -6'983.0            -2'288.0

Result before extraordinary items                    1'757.0            18'367.0           -18'899.0            21'175.0            -6'896.0

Result before taxes                                        1'757.0            18'367.0           -18'899.0            21'175.0            -6'896.0

Taxes                                                           3'554.0              2'442.0                468.0              1'437.0             4'472.0

Result before minority interests                      -1'797.0            15'925.0           -19'367.0            19'738.0           -11'368.0

minority interests                                                 0.0                550.0                   0.0                   0.0                   0.0

Result for the financial year                            -1'797.0            15'375.0           -19'367.0            19'738.0           -11'368.0

 

Cash flow

Depreciation                                                20'894.0            22'664.0            24'626.0            24'947.0            25'233.0

Cash flow                                                    19'097.0            38'589.0             5'259.0            44'685.0            13'865.0

Cash flow from operating activities                 17'909.0            21'044.0            -2'847.0            31'466.0          221'138.0

Investments in tangible fixed assets               11'211.0            14'277.0            32'460.0            32'904.0            35'791.0

Cash flow from investing activities                 -13'199.0            44'832.0           -35'624.0           -32'539.0               -761.0

Cash flow from financing activities                 -19'896.0             -3'786.0             9'418.0             -4'582.0           -17'728.0

Others                                                           -727.0                 -35.0               -363.0                314.0                 17.0

Change in liquidity                                       -15'913.0            62'055.0           -29'416.0             -5'341.0             2'666.0

Liquidity at beginning of the year                   77'660.0            15'605.0            45'021.0            50'362.0            47'696.0

Liquidity at end ot the year                            61'747.0            77'660.0            15'605.0            45'021.0            50'362.0

 

Notes

Material costs                                            301'010.0          261'786.0          222'370.0          393'422.0          278'994.0

Cost of employees                                       62'530.0            64'147.0            74'763.0            80'272.0            71'871.0

Research and Development                                                                            3'214.0              3'172.0             3'377.0

Added value                                                 87'496.0          108'825.0            87'160.0          132'709.0          100'247.0

Working Capital                                           83'454.0            90'419.0          138'283.0          141'767.0            91'838.0

Sales per Employee                                         515.2                483.4                509.7                517.0                470.7

Market capitalisation                                  162'000.0          142'000.0          168'000.0          329'000.0          289'000.0

Gross cost land and buildings                       84'102.0            90'510.0            98'858.0          124'014.0          117'276.0

Gross cost other tangible fixed assets         404'462.0          454'142.0          491'806.0          562'868.0          530'554.0

Gross cost total                                         488'564.0          544'652.0          590'664.0          686'882.0          647'830.0

Insurance value total                                   929'375.0        1'087'326.0        1'582'175.0        1'387'579.0        1'387'579.0

 

Full time units at year end                                   659                   661                  721                   761                  967

Employees inland                                                                                                                      488                  364

Employees abroad                                                                                                                     273                  603

 

 

Ultimate Parent Company

 

Name:                          Cham Paper Group Holding AG

City/Country:                 Cham, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

Class:                          100%

Name:                          Cham Paper Group AG

City/Country:                 Cham, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Cham Paper Group Deutschland GmbH

City/Country:                 Düsseldorf, Germany/DE

 

Name:                          Cham Paper Group (France) Sarl

City/Country:                 Paris, France/FR

 

Name:                          Cham Paper Group Immobilien AG

City/Country:                 Cham, Switzerland/CH

 

Name:                          Cham Paper Group Italia S.p.A.

City/Country:                 Carmignano, Italy/IT

 

Name:                          Cham Paper Group Management AG

City/Country:                 Cham, Switzerland/CH

 

Name:                          Cham Paper Group (UK) Limited

City/Country:                 Tenterden, United Kingdom/GB

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

03.07.2009          2009                           0

03.07.2009          2008                           0

03.07.2009          2007                           0

03.07.2009          2006                           0

 

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.

 

 

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 considered to be good.

 

Payment experiences:   Payments are made with arranged conditions.

 

Maximum Credit:           CHF 2'000'000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.