MIRA INFORM REPORT

 

 

Report Date :

16.02.2011

 

IDENTIFICATION DETAILS

 

Name :

INDUKERN CHEMIE AG

 

 

Registered Office :

Wiesenstrasse 33, Postfach 268, 8952 Schlieren

 

 

Country :

Switzerland

 

 

Date of Incorporation :

24.01.1986

 

 

Com. Reg. No.:

020.3.913.216-3 / 88817

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

supplier of raw materials for the veterinary, pharmaceutical, food and feed industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 80'000

Status :

Moderate

Payment Behaviour :

Usually Correct 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

Indukern Chemie AG

 

 

Operating address

 

Wiesenstrasse 33

Postfach 268

8952 Schlieren

Switzerland/CH

Telephone:                    044 7385757

Fax:                             044 7385790

Web site:                      http://www.indukern.com

E-mail:                         info@indukern.com

VAT-No.:                      CHE-103.535.290

 

 

Profile

 

Established:                  1986

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4675     Wholesale of chemical products

                                      4646     Wholesale of pharmaceutical goods

Import/Export:               Import, Export

Export sales:                95.0%

Banks:                         CS Credit Suisse

                                    UBS Ltd

                                    ZKB Zürcher Kantonalbank

Organisation level:         Ultimate Parent

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  21

Sales:                          CHF 9'000'000.-

 

 

Activity

 

The Company is a supplier of raw materials for the veterinary, pharmaceutical, food and feed industry.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                020.3.913.216-3 / 88817

Legal form:                    Company limited by shares

Registration:                 24.01.1986

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

Auditor:                        Ernst & Young AG, Zürich

History:                        Date of Statutes: 30.03.1988

                                    Date of Statutes: 30.04.2003

                                    Date of Statutes: 10.09.1992

 

Entry            Deleted   Name

active                           Indukern Chemie AG

 

Entry            Deleted   Legal domicile

active                           Schlieren, Switzerland

 

Entry            Deleted   Address

active                           Wiesenstrasse 33, 8952 Schlieren/ZH, Switzerland/CH

 

Entry            Deleted   Capital

16.10.1992                    Share Capital CHF 1'000'000, paidup CHF 1'000'000

 

Entry            Deleted   Capital Structure

16.10.1992                    1'000 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

10.07.2003                    Die Gesellschaft bezweckt den Handel, Verkauf und Vertrieb sowie Import und Export von industriellen chemischen Produkten aller Art und von Nahrungsmittel- und Futtermittelzusätzen. Die Gesellschaft kann alle Geschäfte tätigen welche in ihrem Interesse liegen oder sonst wie geeignet sind die Gesellschaft zu entwickeln und den Gesellschaftszweck zu fördern. Sie kann Niederlassungen in der Schweiz und im Ausland errichten, sich an Unternehmen gleicher oder ähnlicher Art in der Schweiz und im Ausland beteiligen, Grundeigentum kaufen und verkaufen sowie intellektuelles Eigentum und Know-how nutzen, erwerben und verwalten.

10.07.2003                    Handel mit und Vertrieb sowie Import und Export von chemischen Produkten aller Art und von Nahrungsmittel- und Futtermittelzusätzen; kann sich an gleichen oder ähnlichen Unternehmen beteiligen sowie Grundeigentum erwerben, belasten und veräussern.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

10.07.2003                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

10.07.2003                    Reports: Mitteilungen an die Aktionäre erfolgen durch eingeschriebene Schreiben an die im Aktienbuch angegebenen Adressen.

 

 

Official Administration

 

Title                                           Name

President                                    José Luis Diaz-Varela, Origin: Spain, Address: Barcelona, Spain, joint signature of two

Executive Director                       Romeo Krebser, Origin: Oberembrach, Switzerland, Address: 8424 Embrach/ZH, Switzerland, joint signature of two

Executive Director                       Daniel Diaz-Varela, Origin: Spain, Address: Barcelona, Spain, joint signature of two

Executive Director                       Walter Fluck, Origin: Schlatt ZH, Switzerland, Address: Zumikon, Switzerland, joint signature of two

Executive Director                       Antonio Miguel Vidal Pacheco, Origin: Spain, Address: Barcelona, Spain, joint signature of two

Executive Director                       Eva Maeder-Bertschinger, Origin: Zürich, Switzerland, Address: Rüschlikon, Switzerland, joint signature of two

Executive Director                       Peter Bienz, Origin: Rüderswil, Switzerland, Address: Villnachern, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Director                                      Romeo Krebser, Origin: Oberembrach, Switzerland, Address: 8424 Embrach/ZH, Switzerland, joint signature of two

Director                                      Peter Bienz, Origin: Rüderswil, Switzerland, Address: Villnachern, Switzerland, joint signature of two

Member with procuration              Christoph Allenbach, Origin: Zürich, Switzerland, Address: 8001 Zürich/ZH, Switzerland, joint power of attorney of two, eingeschränkte Zeichnungsberechtigung, Appointment: 03.11.2009

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                    Romeo Krebser (krebser@indukern.com)

 

 

Ultimate Parent Company

 

Name:                            Kern Espanola SA Industrial

City/Country:                   Barcelona, Spain/ES

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Kern Espanola SA Industrial

City/Country:                 Barcelona, Spain/ES

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:                          100%

Name:                          Indukern Hong Kong Ltd

City/Country:                 Wanchai, Hong Kong/HK

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

03.08.2009          2009                           0

03.08.2009          2008                           0

03.08.2009          2007                           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 in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 80'000

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.50

UK Pound

1

Rs.73.07

Euro

1

Rs.61.63

 

 

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.