MIRA INFORM REPORT

 

 

Report Date :

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CHEMO AG, VIENNA, LUGANO BRANCH

 

 

Registered Office :

Via F. Pelli 17 6901 Lugano

 

 

Country :

Switzerland

 

 

Date of Incorporation :

29.11.2006

 

 

Com. Reg. No.:

501.9.007.489-8 / 854940

 

 

Legal Form :

Branch of Foreign Company

 

 

Line of Business :

Wholesale of pharmaceutical goods

 

 

No. of Employees :

100

 

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 650'000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

CHEMO AG, Vienna, Lugano Branch

 

Operating address:

Via F. Pelli 17

6901 Lugano

Switzerland/CH

 

Telephone:                    091 9732101

Fax:                             091 9732106

 

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

E-mail:                         lugano@chemogroup.com

 

VAT-No.:                      CHE113291215

 

 

Profile

 

Established:                  1977

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4646       Wholesale of pharmaceutical goods

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  100

 

 

Activity

 

The business activities includes trade in raw materials for the pharmaceutical industry.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                501.9.007.489-8 / 854940

Legal form:                    Branch of foreign company

Registration:                 29.11.2006

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

 

Entry          Deleted      Name

02.02.2009                    CHEMO AG, Vienna, Lugano Branch

29.11.2006  02.02.2009  CHEMO SA, Lussemburgo, Lugano Branch

 

Entry          Deleted      Legal domicile

29.11.2006                    Lugano, Switzerland

 

Entry          Deleted      Address

29.11.2006                    Via F. Pelli 17, 6900 Lugano/TI, Switzerland/CH

 

Entry          Deleted      Remarks (original Language)

02.02.2009                    Headquarter: Vienna (AT).

02.02.2009                    Headquarter register number: No. FN 317782 b.

02.02.2009                    Headquarter legal form: Società anonima di diritto austriaco.

02.02.2009                    Headquarter company: CHEMO AG.

02.02.2009                    Merger: La modifica dei dati avviene in seguito alla fusione della sede principale CHEMO SA, Lussemburgo, con la CHEMO AG, in Vienna. 

29.11.2006                    Headquarter line of business: Acquisto e vendita, commercializzazione, importazione ed esportazione di prodotti chimici, farmaceutici ed alimentari, materie prime, semilavorati e principi attivi per l'industria farmaceutica, inclusi senza limitazione, quelli applicati alla salute umana, animale o vegetale, così pure di macchinari, attrezzature e strumenti per la loro produzione.

29.11.2006                    Headquarter capital: EUR 100'000.-- diviso in 100 azioni da EUR 1'000.--, liberato per EUR 25'000.--.

 

 

Management

 

Title                                           Name

Branch Office Manager                 Ernst Humbel, Origin: Zürich, Birmenstorf AG, Switzerland, Address: Lugano/TI, Switzerland, joint signature of two, Registered since: 29.11.2006

Branch Office Manager                 Sereno Vanossi, Origin: Rovio, Switzerland, Address: Rovio, Switzerland, joint signature of two, Registered since: 29.11.2006

Branch Office Manager                 Claudio Farinelli, Origin: Italy, Address: Malnate, Italy, joint signature of two, Registered since: 29.11.2006

 

 

Ultimate Parent Company

 

Name:                          Kevilmare Holding GmbH

City/Country:                 Wien, Austria/AT

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

24.10.2008          2008                           0

24.10.2008          2007                           0

24.10.2008          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 in order.

 

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

 

Maximum Credit:           CHF 650'000.--

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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%)

 

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