MIRA INFORM REPORT
|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROLEX SA |
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Registered Office : |
Rue François-Dussaud 3-5-7, 1227 Les Acacias |
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Country : |
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Financials (as on) : |
31.12.2010 (Rolex Group) |
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Date of Incorporation : |
17.02.1920 |
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Com. Reg. No.: |
660.0.012.920-4 / 122015 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
manufacture and sale of the world famous Rolex
watches. |
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No. of Employees
: |
6'000-7'999 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
CHF 2'000'000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
ROLEX SA
Rue François-Dussaud
3-5-7 Branch:
1227 Les Acacias Route
de Jussy 15
Switzerland/CH Case
postale 146
1225
Chêne-Bourg
Switzerland/CH
Telephone: 022
3022200 022
3022200
Fax: 022
3002255 022
3002255
Web site: http://www.rolex.com
E-mail: generaldirektion@rolex-bienne.ch
VAT-No.: CHE105962823
Established: 1905
History: 1905: Established from Hans Wilsdorf
Line of Business: Watch technology
Industry Division: Manufacturing
Industry-code (NACE): 2652 Manufacture of
watches and clocks
Import/Export: Export
Banks: unknown
Organisation level: Ultimate Parent
Coverage: Group
Employees: 6'000-7'999
Sales: CHF
2-4 Bil
The business activities of the
group includes the manufacture and sale of the world famous Rolex watches.
Real Estate: It is understood that the
company owns certain property.
Company No: 660.0.012.920-4
/ 122015
Legal form: Company
limited by shares
Registration: 17.02.1920
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
Auditor: PricewaterhouseCoopers
SA, Genève
History: Date
of Statutes: 07.09.1981
Date
of Statutes: 15.04.2002
Date
of Statutes: 25.06.1997
Entry Deleted Name
18.04.2002 ROLEX
SA
28.07.1997 Montres Rolex SA
28.07.1997 Rolex Uhren AG (Name translated)
28.07.1997 Rolex Watch Co Ltd (Name translated)
28.07.1997 18.04.2002 Montres Rolex SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
06.06.1996 Rue
François-Dussaud 3-5-7, 1200 Genève/GE, Switzerland/CH
06.06.1996 Rue François-Dussaud 5,
1200 Genève/GE, Switzerland/CH
Entry Deleted Capital
28.07.1997 Share
Capital CHF 3'000'000, paidup CHF 3'000'000
Entry Deleted Capital Structure
28.07.1997 6'000
Registered shares of CHF 500.--
Entry Deleted Activity (original Language)
active Fabrication
et commerce de montres, d'instruments de mesure de temps et de leurs composants
et accessoires, tels, qu'écrins, étuis, boîtes, etc. L'activité de la société
s'étend également aux secteurs de la bijouterie, des métaux précieux et de
leurs traitements, à la fabrication et à l'éventuelle commercialisation de
machines de précision dans les domaines mécaniques, électriques, électroniques
ou optiques.
Entry Deleted Remarks (original Language)
active Note:
La société exploite un magasin de vente à l'enseigne "Chrono-Time",
rue de la Fontaine 3.
active Publishing
authority: FOSC.
active Board
of directors: Administration: 5 à 9 membres
28.06.2011 Merger:
Reprise des actifs et passifs de Manufacture des Montres Rolex Holding AG, à
Biel/Bienne (CH-073-3015893-5), selon contrat de fusion du 15.06.2011 et bilan
au 31.12.2010, présentant des actifs de CHF 258'384'023.11, des passifs envers
les tiers de CHF 204'820'874.40, soit un actif net de CHF 53'563'148.71. La
société reprenante détenant l'ensemble des actions de la société transférante,
la fusion ne donne pas lieu à une augmentation du capital, ni à une attribution
d'actions.
28.06.2010 Merger:
Reprise des actifs et passifs de PIRSA SA, à Genève (CH-660-0045943-2), selon
contrat de fusion du 17.06.2010 et bilan au 31.12.2009, présentant des actifs
de CHF 82'952'629.90, des passifs envers les tiers de CHF 5'959'702.66, soit un
actif net de CHF 76'992'927.24. La société reprenante détenant l'ensemble des
actions de la société transférante, la fusion ne donne pas lieu à une
augmentation du capital, ni à une attribution d'actions. Fusion: reprise des
actifs et passifs de Beyeler & Cie SA, à Genève (CH-660-0379960-8), selon
contrat de fusion du 17.06.2010 et bilan au 31.12.2009, présentant des actifs
de CHF 38'241'822.31, des passifs envers les tiers de CHF 52'500, soit un actif
net de CHF 38'189'322.31. La société reprenante détenant l'ensemble des actions
de la société transférante, la fusion ne donne pas lieu à une augmentation du
capital, ni à une attribution d'actions.
30.07.2007 Merger:
Reprise des actifs et passifs de la société Virex SA, à Vernier
(CH-660-0576983-7), selon contrat de fusion du 21.06.2007 et bilan au
31.12.2006, présentant des actifs de CHF 7'638'725.87, des passifs envers les
tiers de CHF 5'900, soit un actif net de CHF 7'632'825.87. La société
reprenante détenant l'ensemble des actions de la société transférante, la
fusion ne donne pas lieu à une augmentation du capital, ni à une attribution
d'actions.
28.07.1997 Reports:
Communication aux actionnaires: lettre recommandée.
Title Name
President Bertrand
Gros, Origin: Lancy, Switzerland, Address: Cologny, Switzerland, joint
signature of two
Vice-President Pierre-Yves
Firmenich, Origin: Genève, Switzerland, Address: Genthod, Switzerland, joint
signature of two
Executive Director Henri Turrettini, Origin: Genève, Switzerland,
Address: Vandoeuvres, Switzerland, joint signature of two, Registered since:
05.09.2006
Executive Director Daniel Treves , Origin: France, Address: 1296
Coppet/VD, Switzerland, joint signature of two, Registered since: 08.09.2009
Executive Director Franck Riboud , Origin: France, Address:
Paris, France, joint signature of two, Registered since: 08.12.2010
Executive Director Jean-Claude Killy, Origin: France, Address:
Cologny, Switzerland, joint signature of two, Registered since: 11.09.2000
Title Name
General Director Gian
Riccardo Marini, Origin: Italy, Address: Milan, Italy, joint signature of two,
Registered since: 30.09.2011
Director Catherine
Thomson, Origin: France, Address: Anthy-sur-Léman, France, joint signature of
two, Registered since: 29.03.2001
Director Gérard
O'Rourke, Origin: Genève, Switzerland, Address: 1293 Bellevue/GE, Switzerland,
joint signature of two, Registered since: 08.02.1999
Director Carole
Decosterd, Origin: Pully, Switzerland, Address: Pully, Switzerland, joint
signature of two, Registered since: 29.03.2001
Director Arnaud
Boetsch, Origin: France, Address: 1253 Vandoeuvres/GE, Switzerland, joint
signature of two, Registered since: 14.04.2005
Director Hubert
Jochaud du Plessix, Origin: Mies, Switzerland, Address: 1295 Mies/VD,
Switzerland, joint signature of two
Director Joël
Bellec, Origin: France, Address: Cranves-Sales, France, joint signature of two,
Registered since: 12.11.2002
Director Rafael
Rolli, Origin: Uetendorf, Switzerland, Address: 1295 Tannay/VD, Switzerland,
joint signature of two, Registered since: 22.04.2010
Deputy Director François
Paschoud, Origin: Lutry, Switzerland, Address: 1174 Montherod /VD, Switzerland,
joint signature of two, Registered since: 26.03.2003
Deputy Director Maria
Calvani, Origin: Italy, Address: 1223 Cologny/GE, Switzerland, joint signature
of two, Registered since: 29.03.2001
Deputy Director Philippe
Bentele, Origin: Saint-Gall, Switzerland, Address: Chêne-Bourg, Switzerland,
joint signature of two, Registered since: 12.11.2002
Deputy Director Robin
Kreis, Origin: Zihlschlacht, Switzerland, Address: La Roche-sur-Foron, France,
joint signature of two, Registered since: 12.11.2002
Deputy Director Rebecca
Irvin, Origin: Elgg, Switzerland, Address: Chêne-Bourgeries, Switzerland, joint
signature of two, Registered since: 12.02.1998
Deputy Director Michel
Sauvat, Origin: France, Address: Annecy-le-Vieux, France, joint signature of
two, Registered since: 12.11.2002
Deputy Director Xavier
Reuse, Origin: Saxon, Switzerland, Address: Saint-Sulpice/VD, Switzerland,
joint signature of two, Registered since: 23.03.2004
Vice-Director Thierry
Penet, Origin: France, Address: Sillingy/GE, France, joint signature of two,
Registered since: 12.11.2002
Vice-Director Ulrik
von Barnekow, Origin: Villars-sur-Glâne, Switzerland, Address: Avry-sur-Matran,
Switzerland, joint signature of two, Registered since: 29.03.2001
Vice-Director Christian
Bezençon, Origin: Eclagnens, Switzerland, Address: 1092
Belmont-sur-Lausanne/VD, Switzerland, joint signature of two, Registered since:
05.04.2007
Vice-Director Martin
Parker, Origin: United Kingdom, Address: 1233 Bernex/GE, Switzerland, joint
signature of two, Registered since: 05.04.2007
Vice-Director Sergio
Valceschini , Origin: Yverdon-les-Bains, Switzerland, Address: Le Vaud,
Switzerland, joint signature of two, Registered since: 12.11.2002
Vice-Director Marius
Davoli , Origin: Orsières, Switzerland, Address: 1264 St-Cergue/VD,
Switzerland, joint signature of two, Registered since: 12.11.2002
Vice-Director Catherine
O'Rourke, Origin: Walzenhausen, Switzerland, Address: 1293 Bellevue/GE,
Switzerland, joint signature of two, Registered since: 12.02.1998
Vice-Director Christophe
Bouillard , Origin: France, Address: Collonges-sous-Salève, France, joint
signature of two, Registered since: 12.11.2002
Vice-Director Philippe
Bourban , Origin: Nendaz, Switzerland, Address: Basse-Nenadz, Switzerland,
joint signature of two, Registered since: 28.04.2006
Vice-Director Virginie
Chevailler, Origin: Saint-Sulpice, Switzerland, Address: Lausanne, Switzerland,
joint signature of two, Registered since: 19.06.2009
Vice-Director Jean-Luc
Ecuyer , Origin: Envy, Switzerland, Address: Avully, Switzerland, joint
signature of two, Registered since: 05.04.2007
Vice-Director Frédéric
Oulevey , Origin: Chesalles-sur-Moudon, Switzerland, Address: St.George,
Switzerland, joint signature of two, Registered since: 23.03.2004
Vice-Director Jean-Pierre
Pasquier, Origin: Genève, Switzerland, Address: Onex, Switzerland, joint
signature of two, Registered since: 26.03.2003
Vice-Director Zarko
Stevic , Origin: Grosshöchstetten, Switzerland, Address: Morges, Switzerland,
joint signature of two, Registered since: 23.03.2004
Vice-Director Patrick
Marchand , Origin: Lausanne, Switzerland, Address: 1000 Lausanne/VD,
Switzerland, joint signature of two, Registered since: 09.03.2011
Vice-Director Yvan
Jacquemyns, Origin: Menzingen, Switzerland, Address: Grand-Saconnex,
Switzerland, joint signature of two, Registered since: 28.04.2006
Vice-Director Joël
Boex, Origin: France, Address: Arenthon, France, joint signature of two,
Registered since: 12.11.2002
Vice-Director Alain
Joly, Origin: France, Address: Allonzier-la-Caille, France, joint signature of
two, Registered since: 26.03.2003
Vice-Director Roland
Ourny, Origin: Bois, Switzerland, Address: Genève, Switzerland, joint signature
of two, Registered since: 26.03.2003
Vice-Director Vincent
Schirinzi, Origin: Genève, Switzerland, Address: Chéserex, Switzerland, joint
signature of two, Registered since: 05.04.2007
Vice-Director Yann
DuPasquier, Origin: Fleurier, Switzerland, Address: 1227 Carouge /GE,
Switzerland, joint signature of two, Registered since: 29.03.2001
Vice-Director Stéphane
Buffet, Origin: Oberehrendingen, Switzerland, Address: 1242 Satigny /GE,
Switzerland, joint signature of two, Registered since: 12.11.2002
Vice-Director Charles-Antoine
de Pesters, Origin: Netherlands, Address: 1223 Cologny /GE, Switzerland, joint
signature of two, Registered since: 29.03.2001
Vice-Director Ludiwine
Arpino, Origin: France, Address: Echenevex, France, joint signature of two,
Registered since: 28.04.2006
Vice-Director Robert
Alpiger , Origin: Alt St.Johann, Switzerland, Address: 1278 La Rippe/VD,
Switzerland, joint signature of two, Registered since: 08.09.2009
Vice-Director Colette
Sartory, Origin: France, Address: Franclens, France, joint signature of two,
Registered since: 27.08.1998
Vice-Director Jean-Noël
Bioul, Origin: Veyrier, Switzerland, Address: 1252 Meinier/GE, Switzerland,
joint signature of two, Registered since: 29.03.2001
Vice-Director José
Carrera, Origin: Gränichen, Switzerland, Address: Bernex, Switzerland, joint
signature of two, Registered since: 12.11.2002
Vice-Director Matteo
Mazzanti, Origin: Italy, Address: 1279 Chavannes-de-Bogis/VD, Switzerland,
joint signature of two, Registered since: 23.03.2004
Vice-Director Nicholas
Jellicoe, Origin: United Kingdom, Address: Jongny, Switzerland, joint signature
of two, Registered since: 28.07.1997
Vice-Director Jean-Luc
Passuello, Origin: France, Address: Eche nevex, Switzerland, joint signature of
two, Registered since: 12.11.2002
Vice-Director Philip
Mandelbaum, Origin: Pully, Switzerland, Address: Epalinges, Switzerland, joint
signature of two, Registered since: 08.02.1999
Vice-Director Raymond
Schertenleib, Origin: Heimiswil, Switzerland, Address: Menthon-St-Bernard,
France, joint signature of two
Vice-Director Eric
Fenner, Origin: Brüttelen, Switzerland, Address: Bonne, France, joint signature
of two
Vice-Director Laurent
Yenny, Origin: Hauteville, Switzerland, Address: Andilly, France, joint
signature of two, Registered since: 07.01.1997
Vice-Director Christophe
Currat, Origin: Fribourg, Switzerland, Address: Collonges-sous-Salève, France,
joint signature of two, Registered since: 22.04.1998
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: mil.
CHF mil.
CHF mil. CHF mil. CHF mil. CHF
Remarks: about about about about about
Operating revenue 3'800.0 3'400.0 3'600.0 3'500.0 2'900.0
Capital 3.0 3.0 3.0 3.0 3.0
Employees at
year end 6'500 6'350 6'200 6'200 5'800
No. of Owner/-s: 2
Owner: The
company is domestic owned.
Class: 50-99%
Name: Fondation
Hans Wilsdorf
City/Country: Carouge
GE, Switzerland/CH
Interest: 95.00%
voting right, 95.00% capital interest
Class: 0-9%
Name: Rolex
Holding SA
City/Country: Les
Acacias, Switzerland/CH
Interest: 5.00%
voting right, 5.00% capital interest
Name: Rolex
Holding SA
City/Country: Les
Acacias, Switzerland/CH
Class: 100%
Name: DONIAR
SA
City/Country: Biel/Bienne,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Relogios
Rolex Ltda
City/Country: Sao
Paulo, Brazil/BR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Relojes
Rolex Argentina SAI
City/Country: Buenos
Aires, Argentina/AR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Relojes
Rolex de Mexico SA de CV
City/Country: Mexico
City, Mexico/MX
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Australia Pty Ltd
City/Country: Melbourne,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
(Beijing) Limited
City/Country: Beijing,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Benelux SA
City/Country: Bruxelles
1, Belgium/BE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Canada Ltd
City/Country: Toronto,
Canada/CA
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Centre Ltd
City/Country: Taipei,
Taiwan/TW
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
de Venezuela CA
City/Country: Caracas,
Venezuela/VE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Deutschland GmbH
City/Country: Köln,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Espana SA
City/Country: Madrid,
Spain/ES
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
France SA
City/Country: Paris,
France/FR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
(Guangzhou) Limited
City/Country: Guangzhou,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Hellas SA
City/Country: Athens,
Greece/GR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
(Hong Kong) Limited
City/Country: Central,
Hong Kong/HK
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Italia SpA
City/Country: Milano,
Italy/IT
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
(Japan) Limited
City/Country: Tokyo,
Japan/JP
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Korea Ltd
City/Country: Seoul,
South Korea/KR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
S.A.B. (Thailand) Ltd
City/Country: Bangkok,
Thailand/TH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
(Shanghai) Limited
City/Country: Shanghai,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Singapore Private Ltd
City/Country: Singapore,
Singapore/SG
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Watch Company (South Africa) Pty Ltd
City/Country: Sandton,
South Africa/ZA
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Rolex
Watch USA Inc
City/Country: New
York, United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: The
Rolex Watch Co. Private Ltd
City/Country: Mumbai,
India/IN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: The
Rolex Watch Company Limited
City/Country: London,
United Kingdom/GB
Interest: 100.00%
voting right, 100.00% capital interest
Class: 50-99%
Name: Manufacture
des Montres Rolex S.A.
City/Country: Biel/Bienne,
Switzerland/CH
Interest: 99.40%
voting right, 99.40% capital interest
Class: 50%
Name: Rolex
Promotions SA
City/Country: Les
Acacias, Switzerland/CH
Interest: 50.00%
voting right, 50.00% capital interest
Class: 0-9%
Name: CSEM
Centre Suisse d'Electronique et de Microtechnique SA - Recherche et
Développement
City/Country: Neuchâtel,
Switzerland/CH
Interest: 6.00%
voting right, 6.00% capital interest
Control date Year No. Amount CHF Status
14.03.2012 2012 0
14.03.2012 2011 2 511'760.-- Closed legal actions
14.03.2012 2010 0
14.03.2012 2009 0
14.03.2012 2008 0
14.03.2012 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.
Financial Situation: The financial situation is considered to be good.
Payment experiences: Financial obligations are met as appropriate.
Maximum Credit: CHF
2'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.05 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
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.