MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Name : |
REMEI AG |
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Registered Office : |
Lettenstrasse 9, 6343 Rotkreuz |
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Country : |
Switzerland |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
25.06.1987 |
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Com. Reg. No.: |
170.3.012.774-9 / 145282 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Consumer Goods Wholesale, Textiles/Flooring, Clothing/Shoes |
RATING & COMMENTS
|
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 : |
CHF 200'000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
Remei AG
Operating address
Lettenstrasse 9
6343 Rotkreuz
Switzerland/CH
Telephone: 041
7983232
Fax: 041
7983200
Web
site: http://www.remei.ch
E-mail: info@remei.ch
VAT-No.: CHE102795859
Profile
Established: 1983
History: The bioRe® Foundation
takes over the bioRe® cotton companies in India and Tanzania.
Line
of Business: Consumer goods
wholesale, Textiles/flooring, Clothing/Shoes
Industry
Division: Wholesale trade,
Manufacturing
Industry-code (NACE): 4641 Wholesale of textiles
1399 Manufacture of other textiles n.e.c.
1413 Manufacture of other outerwear
Import/Export: Export
Export
sales: 84.7%
Banks: ZGKB Zuger Kantonalbank
ZKB Zürcher
Kantonalbank
CS Credit
Suisse
Organisation
level: Ultimate Parent
Operational Figures
Coverage: Company
Employees: 10-19
Sales: CHF 20-40 Mio
Activity
The group produced under the high quality fashion bioRe® organic cotton
in a social and ecological production chain for brand manufacturers and trading
companies. In addition, bioRe® cotton yarns and threads are in the product
portfolio. The annual production includes 1.7 million pc of clothing and 4'676 tons
of organic cotton(international).
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.012.774-9 /
145282
Legal
form: Company limited
by shares
Registration: 25.06.1987
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
Auditor: Treuhand- und
Revisionsgesellschaft Mattig-Suter und Partner, Schwyz
History: Date of Statutes:
10.03.1995
Date of
Statutes: 27.10.2006
Date of
Statutes: 29.09.2000
Date of
Statutes: 03.03.1997
Entry Deleted Name
active Remei
AG
Entry Deleted Legal domicile
active Risch,
Switzerland
Entry Deleted Address
active Lettenstrasse
9, 6343 Rotkreuz/ZG, Switzerland/CH
Entry Deleted Capital
10.11.2006 Share
Capital CHF 1'800'000, paidup CHF 1'800'000
Entry Deleted Capital Structure
10.11.2006 180'000
Registered shares with restricted transferability of CHF 10.--
Entry Deleted Activity (original Language)
active Handel
mit Waren aller Art, insbesondere mit Garnen und Textilien, Beratung im
Bereiche der Spinnereitechnologie sowie Erbringung von Dienstleistungen auf dem
Gebiet der elektronischen Datenverarbeitung; kann Grundstücke erwerben,
veräussern und verwalten, sich bei anderen Unternehmungen beteiligen sowie
gleichartige und verwandte Unternehmungen erwerben oder errichten
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
Official Administration
Title Name
President Patrick
Hohmann, Origin: Zürich, Switzerland, Address: Meisterkappel, Switzerland,
single signature
Executive
Director Hansjörg
Truttmann, Origin: Seelisberg, Switzerland, Address: 8000 Zürich/ZH,
Switzerland, without signature, Appointment: 10.02.2011
Executive
Director Patrick
jun. Hohmann, Origin: Zürich, Switzerland, Address: 8000 Zürich/ZH,
Switzerland, without signature, Appointment: 10.02.2011
Executive
Director Prof. Dr.
Beat Bernet, Origin: Grindelwald, Switzerland, Address: Ebertswil, Switzerland,
joint signature of two
Executive board
Title Name
Chief
Executive Officer Patrick
Hohmann
Financial Data Remei Ltd
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2011 31.03.2010 31.03.2009 31.03.2008 31.03.2007
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: ARR
Balance Sheet
Intangible fixed
assets 2.7 25.1
Land and buildings 2'601.9 2'704.9 2'803.0 1'000.0 1'011.4
Other tangible
fixed assets 172.5 173.8 0.0 0.0 0.0
Tangible fixed
assets 2'774.4 2'878.7 2'803.0 1'000.0 1'011.4
Financial fixed
assets 89.9 100.3 95.0 325.0 748.5
Fixed assets 2'867.0 3'004.1 2'898.0 1'325.0 1'759.9
Stocks 1'684.1 1'847.0 4'555.0 3'897.0 2'539.0
Trade accounts
receivable 1'953.9 2'135.6 4'819.1 4'373.2 4'044.7
Liquid assets 417.7 341.7 1'083.1 819.2 66.7
other trade
accounts 3'225.0 1'798.8 18.5 17.5 61.0
Accruals 156.2 170.0 188.6 176.9 231.7
Other current
assets 3'798.9 2'310.5 1'290.2 1'013.6 359.4
Current assets 7'436.9 6'293.1 10'664.3 9'283.8 6'943.1
Total assets 10'303.9 9'297.2 13'562.3 10'608.8 8'703.0
Capital 1'800.0 1'800.0 1'800.0 1'800.0 1'800.0
Other shareholders
funds 4'291.2 3'606.2 3'773.7 3'455.8 2'865.4
Total shareholders
equity 6'091.2 5'406.2 5'573.7 5'255.8 4'665.4
long term debt
(financial debts) 1'000.0 1'000.0 1'000.0 0.0 2'051.1
Provisions 102.0 300.0 300.0
Other non current
liabilities 0.0 0.0
Non current
liabilities 1'000.0 1'000.0 1'102.0 300.0 2'351.1
short term debt
(financial debts) 2'262.5 2'145.4 5'718.6 3'096.9 78.8
Trade accounts
payable 332.7 441.5 540.5 1'278.5 971.4
Accruals 526.4 229.6 627.5 677.6 636.3
other accounts
payable 91.1 74.5 0.0 0.0 0.0
other current
liabilities 617.5 304.1 627.5 677.6 636.3
Current
liabilities 3'212.7 2'891.0 6'886.6 5'053.0 1'686.5
Shareh. equity,
min. interests + liabilities 10'303.9 9'297.2 13'562.3 10'608.8 8'703.0
Profit and loss
account
Sales 27'801.2 30'486.0 29'485.6
Reduction of
proceeds 585.8 875.5 1'198.0
Net sales 22'439.0 21'160.1 27'215.4 29'610.5 28'287.6
Other operating
revenue 76.0 105.4 0.0 0.0 0.0
Operating revenue 22'515.0 21'265.5 27'215.4 29'610.5 28'287.6
Cost of goods sold 17'772.7 17'524.0 21'395.9 24'176.8 23'602.5
Gross profit 4'742.3 3'741.5 5'819.5 5'433.7 4'685.1
Other operating
expenses 3'565.8 3'701.7 4'760.8 4'006.2 3'316.5
Operating result 1'176.5 39.8 1'058.7 1'427.5 1'368.6
Interest revenues 1.4 4.9 14.5 42.4 34.2
Financial income 1.4 4.9 14.5 42.4 34.2
Interest expenses 143.2 168.0 265.1 332.1 293.2
Financial expenses 143.2 168.0 265.1 332.1 293.2
Financial result -141.8 -163.1 -250.6 -289.7 -259.0
Result before
extraordinary items 1'034.7 -123.3 808.1 1'137.8 1'109.6
Extraordinary
income 2.5 0.0 0.0 0.0 0.0
Extraordinary
expenses 223.1 0.0 0.0 0.0 0.0
Extraordinary Result -220.6 0.0 0.0 0.0 0.0
Result before
taxes 814.1 -123.3 808.1 1'137.8 1'109.6
Taxes 129.1 6.2 130.2 187.3 183.2
Result before
minority interests 685.0 -129.5 677.9 950.5 926.4
Result for the
financial year 685.0 -129.5 677.9 950.5 926.4
Cash flow
Depreciation 213.8 34.8 191.5 153.7 195.6
Cash flow 898.8 -94.7 869.4 1'104.2 1'122.0
Cash flow from
operating activities 43.4
Investments in
tangible fixed assets 101.2
Cash flow from
investing activities -84.5
Cash flow from
financing activities 117.1
Change in
liquidity 76.0
Liquidity at
beginning of the year 341.7
Liquidity at end
ot the year 417.7
Notes
Material costs 17'563.1 14'497.0 21'395.8 24'176.8 23'602.5
Cost of employees 2'539.4 2'612.6 2'965.4 2'654.8 2'417.0
Added value 3'710.5 2'692.1 4'230.1 4'278.4 4'015.4
Working Capital 3'305.3 5'326.4 8'833.6 6'991.7 5'612.3
Sales per Employee 1'212.9 975.1 1'183.3 1'345.9 1'571.5
Insurance value
land and buildings 2'789.0 2'792.0 1'263.0 1'230.2
Insurance value
other tang. fixed assets 730.0 730.0 700.0 700.0
Insurance value
total 3'519.0 3'522.0 1'963.0 1'930.2
Employees at year end 19 23 25 22 18
Full time units at
year end 19 22 23
Employees inland 19 23 25 22 18
Employees abroad 0 0 0 0 0
Owner/-s
No.
of Owner/-s: 50
Owner: The company is privately
owned.
Class: 30-39%
Name: Patrick Hohmann
City/Country: Meierskappel, Switzerland/CH
No.
of shares: 63'115
Interest: 35.06% voting right,
35.06% capital interest
Class: 10-19%
Name: CoOpera Beteiligungen
AG
City/Country: Ittigen, Switzerland/CH
No.
of shares: 25'400
Interest: 14.11% voting right,
14.11% capital interest
Class: 10-19%
Name: Roberto Müller
City/Country: Pfäffikon, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 10-19%
Name: Alfred Rickers
City/Country: Neuenkirchen, Germany/DE
No.
of shares: 400
Interest: 0.22% voting right,
0.22% capital interest (since 2009)
Class: 0-9%
Name: Elisabeth Hohmann
City/Country: Brunnen, Switzerland/CH
No.
of shares: 16'300
Interest: 9.06% voting right,
9.06% capital interest
Class: 0-9%
Name: Paul Bischofberger
City/Country: Belfaux, Switzerland/CH
No.
of shares: 8'000
Interest: 4.44% voting right,
4.44% capital interest (since 1996)
Class: 0-9%
Name: Hanne Helfenstein
City/Country: Meierskappel, Switzerland/CH
No.
of shares: 6'000
Interest: 3.33% voting right,
3.33% capital interest (since 1996)
Class: 0-9%
Name: Armin Holdener
City/Country: Brunnen, Switzerland/CH
No.
of shares: 3'850
Interest: 2.14% voting right,
2.14% capital interest (since 1998)
Class: 0-9%
Name: Marie Asper
City/Country: Lausanne, Switzerland/CH
No.
of shares: 3'100
Interest: 1.72% voting right,
1.72% capital interest (since 1996)
Class: 0-9%
Name: Carl Ulrich Gminder
City/Country: Zürich, Switzerland/CH
No.
of shares: 2'520
Interest: 1.40% voting right,
1.40% capital interest
Class: 0-9%
Name: Brigitta Smider-Vetsch
City/Country: Steinhausen, Switzerland/CH
No.
of shares: 2'500
Interest: 1.39% voting right,
1.39% capital interest
Class: 0-9%
Name: Beat Bernet
City/Country: Ebertswil, Switzerland/CH
No.
of shares: 2'400
Interest: 1.33% voting right,
1.33% capital interest (since 1998)
Class: 0-9%
Name: Irène
Körber-Haugstetter
City/Country: Luzern, Switzerland/CH
No.
of shares: 2'320
Interest: 1.29% voting right,
1.29% capital interest
Class: 0-9%
Name: Kurt Jufer
City/Country: Greppen, Switzerland/CH
No.
of shares: 2'000
Interest: 1.11% voting right,
1.11% capital interest
Class: 0-9%
Name: Margrit Hugentobler
City/Country: Zürich, Switzerland/CH
No.
of shares: 1'800
Interest: 1.00% voting right,
1.00% capital interest
Class: 0-9%
Name: Simon Hohmann
City/Country: Cham, Switzerland/CH
No.
of shares: 1'303
Interest: 0.72% voting right,
0.72% capital interest
Class: 0-9%
Name: Brigitte Rasmussen
City/Country: Baar, Switzerland/CH
No.
of shares: 1'200
Interest: 0.67% voting right,
0.67% capital interest
Class: 0-9%
Name: Clemens Broer
City/Country: Bad Soden, Germany/DE
No.
of shares: 1'200
Interest: 0.67% voting right,
0.67% capital interest
Class: 0-9%
Name: Elisabeth Seiler-Hohmann
City/Country: Meierskappel, Switzerland/CH
No.
of shares: 1'200
Interest: 0.67% voting right,
0.67% capital interest
Class: 0-9%
Name: Daniel R. Meyer
City/Country: Zürich, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right, 0.56%
capital interest
Class: 0-9%
Name: Daniel Wirz
City/Country: Zug, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest (since 1998)
Class: 0-9%
Name: Doris Ammann
City/Country: Les Rasses, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 0-9%
Name: Kurt Süess
City/Country: Cham, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 0-9%
Name: Martin Hohmann
City/Country: Zürich, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 0-9%
Name: Patrick Hohmann jun.
City/Country: Zürich, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 0-9%
Name: SWISSAID,
Schweizerische Stiftung für Entwicklungszusammenarbeit
City/Country: Bern, Switzerland/CH
No.
of shares: 1'000
Interest: 0.56% voting right,
0.56% capital interest
Class: 0-9%
Name: Susanne + Karl-Julius
Reubke
City/Country: Köln, Germany/DE
No.
of shares: 900
Interest: 0.50% voting right,
0.50% capital interest
Class: 0-9%
Name: Diane-Ronit Gerth
City/Country: Luzern, Switzerland/CH
No.
of shares: 700
Interest: 0.39% voting right,
0.39% capital interest
Class: 0-9%
Name: Maxine Backus
City/Country: Grüningen, Switzerland/CH
No.
of shares: 600
Interest: 0.33% voting right,
0.33% capital interest (since 2009)
Class: 0-9%
Name: Paul Reichmuth
City/Country: Winterthur, Switzerland/CH
No.
of shares: 600
Interest: 0.33% voting right,
0.33% capital interest (since 2009)
Class: 0-9%
Name: Monika Bircher
City/Country: Ottenbach, Switzerland/CH
No.
of shares: 544
Interest: 0.30% voting right,
0.30% capital interest (since 2009)
Class: 0-9%
Name: Wolfgang Härtling
City/Country: Helmbrechts, Germany/DE
No.
of shares: 500
Interest: 0.28% voting right,
0.28% capital interest
Class: 0-9%
Name: Ernst Ehrismann
City/Country: Turbenthal, Switzerland/CH
No.
of shares: 350
Interest: 0.19% voting right,
0.19% capital interest (since 2009)
Class: 0-9%
Name: Alfred Schneiter
City/Country: Kappel am Albis, Switzerland/CH
No.
of shares: 300
Interest: 0.17% voting right,
0.17% capital interest (since 2009)
Class: 0-9%
Name: Silvia Schneiter
City/Country: Kappel am Albis, Switzerland/CH
No.
of shares: 300
Interest: 0.17% voting right,
0.17% capital interest (since 2009)
Class: 0-9%
Name: Damian Carnevale
City/Country: Baden, Switzerland/CH
No.
of shares: 300
Interest: 0.15% voting right,
0.15% capital interest (since 2009)
Investments
Class: 0-9%
Name: CoOpera Beteiligungen
AG
City/Country: Ittigen, Switzerland/CH
Interest: 1.25% voting right,
1.25% capital interest (since 1998)
Legal Actions
Control date Year No. Amount CHF Status
22.05.2009 2009 0
22.05.2009 2008 0
22.05.2009 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
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
Maximum
Credit: CHF 200'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.23 |
|
UK Pound |
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.