|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
REMEI AG |
|
|
|
|
Registered Office : |
Lettenstrasse 9 6343 Rotkreuz |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Year of Establishment : |
1983 |
|
|
|
|
Com. Reg. No.: |
170.3.012.774-9
/ 145282 |
|
|
|
|
Legal Form : |
Company
limited by shares |
|
|
|
|
Line of Business : |
Manufacture
of other outerwear |
|
|
|
|
No. of Employees : |
10-19 |
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 |
|
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 |
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
Established: 1983
History: The
bioRe® Foundation takes over the bioRe® cotton companies in India and Tanzania.
Line of Business: Clothing/Shoes, Textiles/flooring, Consumer goods wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 1413 Manufacture of
other outerwear
1399 Manufacture of other textiles n.e.c.
4641 Wholesale of textiles
Import/Export: Export
Export sales: 84.7%
Banks: ZGKB
Zuger Kantonalbank
ZKB
Zürcher Kantonalbank
CS Credit Suisse
Organisation level: Ultimate
Parent
Coverage: Company
Employees: 10-19
Sales: CHF
10-20 Mio
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).
Information on
property ownership was not available.
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
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.
Title Name
President Patrick
Hohmann, Origin: Zürich, Switzerland, Residential address: Meisterkappel,
Switzerland, single signature
Executive Director Prof. Dr. Beat Bernet, Origin: Grindelwald,
Switzerland, Residential address: Ebertswil, Switzerland, joint signature of
two
Executive Director Patrick jun. Hohmann, Origin: Zürich,
Switzerland, Residential address: 8000 Zürich/ZH, Switzerland, without signature,
Registered since: 10.02.2011
Executive Director Hansjörg Truttmann, Origin: Seelisberg,
Switzerland, Residential address: 8000 Zürich/ZH, Switzerland, without
signature, Registered since: 10.02.2011
Title Name
Auditor Treuhand-
und Revisionsgesellschaft Mattig-Suter und Partner, Residential address:
Schwyz, Switzerland
Title Name
Chief Executive Officer Patrick Hohmann
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2012 31.03.2011 31.03.2010 31.03.2009 31.03.2008
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: ARR ARR
Intangible fixed assets 0.0 2.7 25.1 0.0 0.0
Land and buildings 2'499.0 2'601.9 2'704.9 2'803.0 1'000.0
Other tangible fixed assets 127.0 172.5 173.8 0.0 0.0
Tangible fixed assets 2'626.0 2'774.4 2'878.7 2'803.0 1'000.0
Financial fixed assets 53.3 89.9 100.3 95.0 325.0
Fixed assets 2'679.3 2'867.0 3'004.1 2'898.0 1'325.0
Stocks 2'170.0 1'684.1 1'847.0 4'555.0 3'897.0
Trade accounts receivable 2'318.3 1'953.9 2'135.6 4'819.1 4'373.2
Liquid assets 521.3 417.7 341.7 1'083.1 819.2
other trade accounts 3'862.4 3'225.0 1'798.8 18.5 17.5
Accruals 213.8 156.2 170.0 188.6 176.9
Other current assets 4'597.5 3'798.9 2'310.5 1'290.2 1'013.6
Current assets 9'085.8 7'436.9 6'293.1 10'664.3 9'283.8
Total assets 11'765.1 10'303.9 9'297.2 13'562.3 10'608.8
Capital 1'800.0 1'800.0 1'800.0 1'800.0 1'800.0
Other shareholders funds 4'362.1 4'291.2 3'606.2 3'773.7 3'455.8
Total shareholders equity 6'162.1 6'091.2 5'406.2 5'573.7 5'255.8
long term debt (financial debts) 1'000.0 1'000.0 1'000.0 1'000.0 0.0
Provisions 0.0 0.0 0.0 102.0 300.0
Other non current liabilities 0.0 0.0 0.0 0.0 0.0
Non current liabilities 1'000.0 1'000.0 1'000.0 1'102.0 300.0
short term debt (financial debts) 3'791.5 2'262.5 2'145.4 5'718.6 3'096.9
Trade accounts payable 409.2 332.7 441.5 540.5 1'278.5
Accruals 339.3 526.4 229.6 627.5 677.6
other accounts payable 63.0 91.1 74.5 0.0 0.0
other current liabilities 402.3 617.5 304.1 627.5 677.6
Current liabilities 4'603.0 3'212.7 2'891.0 6'886.6 5'053.0
Shareh. equity, min. interests + liabilities 11'765.1 10'303.9 9'297.2 13'562.3 10'608.8
Sales 27'801.2 30'486.0
Reduction of proceeds 585.8 875.5
Net sales 19'411.9 22'439.0 21'160.1 27'215.4 29'610.5
Other operating revenue 70.0 76.0 105.4 0.0 0.0
Operating revenue 19'481.9 22'515.0 21'265.5 27'215.4 29'610.5
Cost of goods sold 16'001.4 17'772.7 17'524.0 21'395.9 24'176.8
Gross profit 3'480.5 4'742.3 3'741.5 5'819.5 5'433.7
Other operating expenses 2'832.0 3'565.8 3'701.7 4'760.8 4'006.2
Operating result 648.5 1'176.5 39.8 1'058.7 1'427.5
Interest revenues 0.5 1.4 4.9 14.5 42.4
Financial income 0.5 1.4 4.9 14.5 42.4
Interest expenses 167.9 143.2 168.0 265.1 332.1
Financial expenses 167.9 143.2 168.0 265.1 332.1
Financial result -167.4 -141.8 -163.1 -250.6 -289.7
Result before extraordinary items 481.1 1'034.7 -123.3 808.1 1'137.8
Extraordinary income 0.0 2.5 0.0 0.0 0.0
Extraordinary expenses 98.2 223.1 0.0 0.0 0.0
Extraordinary Result -98.2 -220.6 0.0 0.0 0.0
Result before taxes 382.9 814.1 -123.3 808.1 1'137.8
Taxes 41.9 129.1 6.2 130.2 187.3
Result before minority interests 341.0 685.0 -129.5 677.9 950.5
Result for the financial year 341.0 685.0 -129.5 677.9 950.5
Depreciation 198.7 213.8 34.8 191.5 153.7
Cash flow 539.7 898.8 -94.7 869.4 1'104.2
Cash flow from operating activities -1'110.2 43.4
Investments in tangible fixed assets 47.7 101.2
Cash flow from investing activities -45.2 -84.5
Cash flow from financing activities 1'259.0 117.1
Change in liquidity 103.6 76.0
Liquidity at beginning of the year 417.7 341.7
Liquidity at end ot the year 521.3 417.7
Material costs 15'924.6 17'563.1 14'497.0 21'395.8 24'176.8
Cost of employees 2'148.0 2'539.4 2'612.6 2'965.4 2'654.8
Added value 2'897.5 3'710.5 2'692.1 4'230.1 4'278.4
Working Capital 4'079.1 3'305.3 5'326.4 8'833.6 6'991.7
Sales per Employee 1'764.7 1'212.9 975.1 1'183.3 1'345.9
Insurance value land and buildings 2'789.0 2'792.0 1'263.0
Insurance value other tang. fixed assets 730.0 730.0 700.0
Insurance value total 3'519.0 3'522.0 1'963.0
Employees at
year end 18 19 23 25 22
Full time units at year end 11 19 22 23
Employees inland 18 19 23 25 22
Employees abroad 0 0 0 0 0
No. of Owner/-s: 55
Owner: The
company is privately owned.
Class: 30-39%
Name: Patrick
Hohmann
City/Country: Meierskappel,
Switzerland/CH
Interest: 35.10%
voting right, 35.10% capital interest
Class: 10-19%
Name: Elisabeth
Hohmann
City/Country: Brunnen,
Switzerland/CH
Interest: 14.60%
voting right, 14.60% capital interest
Class: 10-19%
Name: CoOpera
Beteiligungen AG
City/Country: Ittigen,
Switzerland/CH
Interest: 14.10%
voting right, 14.10% capital interest
Class: 10-19%
Name: Roberto
Müller
City/Country: Pfäffikon,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 10-19%
Name: Alfred
Rickers
City/Country: Neuenkirchen,
Germany/DE
Interest: 0.22%
voting right, 0.22% capital interest (since 2009)
Class: 0-9%
Name: Alex
Marinkovic
City/Country: Buchrain,
Switzerland/CH
Class: 0-9%
Name: Anna
Josic
City/Country: Cham,
Switzerland/CH
Class: 0-9%
Name: Arnt
Meyer
City/Country: Nürnberg,
Germany/DE
Class: 0-9%
Name: Christa
Schwaller
City/Country: Zollikon,
Switzerland/CH
Class: 0-9%
Name: Claudia
Rast
City/Country: Luzern,
Switzerland/CH
Class: 0-9%
Name: Eliane
Kobler
City/Country: Zürich,
Switzerland/CH
Class: 0-9%
Name: Georg
Dietrich Klingler
City/Country: Zürich,
Switzerland/CH
Class: 0-9%
Name: Hansjörg
Truttmann
City/Country: Brunnen,
Switzerland/CH
Class: 0-9%
Name: Jürg
Haugstetter
City/Country: Luzern,
Switzerland/CH
Class: 0-9%
Name: Karin
Müller
City/Country: Zürich,
Switzerland/CH
Class: 0-9%
Name: Katja
Spörri
City/Country: Zürich,
Switzerland/CH
Class: 0-9%
Name: Léonor
Gimelfarb
City/Country: Zürich,
Switzerland/CH
Class: 0-9%
Name: Marianne
Roulin-Blättler
City/Country: Boswil,
Switzerland/CH
Class: 0-9%
Name: Marion
Röttiges
City/Country: St.
Niklausen, Switzerland/CH
Class: 0-9%
Name: Markus
Kunz
City/Country: Root,
Switzerland/CH
Class: 0-9%
Name: Michael
Sonnenberg
City/Country: Sachseln,
Switzerland/CH
Class: 0-9%
Name: Saro
Gerd Ratter
City/Country: Paehl,
Germany/DE
Class: 0-9%
Name: Udani
Premal
City/Country: Mumbai,
India/IN
Class: 0-9%
Name: Paul
Bischofberger
City/Country: Belfaux,
Switzerland/CH
Interest: 4.40%
voting right, 4.40% capital interest (since 1996)
Class: 0-9%
Name: Beat
Bernet
City/Country: Ebertswil,
Switzerland/CH
Interest: 3.70%
voting right, 3.70% capital interest (since 1998)
Class: 0-9%
Name: Hanne
Helfenstein
City/Country: Meierskappel,
Switzerland/CH
Interest: 3.30%
voting right, 3.30% capital interest (since 1996)
Class: 0-9%
Name: Kurt
Jufer
City/Country: Greppen,
Switzerland/CH
Interest: 2.20%
voting right, 2.20% capital interest
Class: 0-9%
Name: Armin
Holdener
City/Country: Brunnen,
Switzerland/CH
Interest: 2.10%
voting right, 2.10% capital interest (since 1998)
Class: 0-9%
Name: Marie
Asper
City/Country: Lausanne,
Switzerland/CH
Interest: 1.70%
voting right, 1.70% capital interest (since 1996)
Class: 0-9%
Name: Carl
Ulrich Gminder
City/Country: Zürich,
Switzerland/CH
Interest: 1.40%
voting right, 1.40% capital interest
Class: 0-9%
Name: Brigitta
Smider-Vetsch
City/Country: Steinhausen,
Switzerland/CH
Interest: 1.39%
voting right, 1.39% capital interest
Class: 0-9%
Name: Irène
Körber-Haugstetter
City/Country: Luzern,
Switzerland/CH
Interest: 1.30%
voting right, 1.30% capital interest
Class: 0-9%
Name: Margrit
Hugentobler
City/Country: Zürich,
Switzerland/CH
Interest: 1.00%
voting right, 1.00% capital interest
Class: 0-9%
Name: Simon
Hohmann
City/Country: Cham,
Switzerland/CH
Interest: 0.90%
voting right, 0.90% capital interest
Class: 0-9%
Name: Clemens
Broer
City/Country: Bad
Soden, Germany/DE
Interest: 0.80%
voting right, 0.80% capital interest
Class: 0-9%
Name: Brigitte
Rasmussen
City/Country: Baar,
Switzerland/CH
Interest: 0.70%
voting right, 0.70% capital interest
Class: 0-9%
Name: Elisabeth
Seiler-Hohmann
City/Country: Meierskappel,
Switzerland/CH
Interest: 0.67%
voting right, 0.67% capital interest
Class: 0-9%
Name: Doris
Ammann
City/Country: Les
Rasses, Switzerland/CH
Interest: 0.60%
voting right, 0.60% capital interest
Class: 0-9%
Name: Daniel
R. Meyer
City/Country: Zürich,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 0-9%
Name: Daniel
Wirz
City/Country: Zug,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest (since 1998)
Class: 0-9%
Name: Kurt
Süess
City/Country: Cham,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 0-9%
Name: Martin
Hohmann
City/Country: Zürich,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 0-9%
Name: Patrick
Hohmann jun.
City/Country: Zürich,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 0-9%
Name: SWISSAID,
Schweizerische Stiftung für Entwicklungszusammenarbeit
City/Country: Bern,
Switzerland/CH
Interest: 0.56%
voting right, 0.56% capital interest
Class: 0-9%
Name: Susanne
+ Karl-Julius Reubke
City/Country: Köln,
Germany/DE
Interest: 0.50%
voting right, 0.50% capital interest
Class: 0-9%
Name: Diane-Ronit
Gerth
City/Country: Luzern,
Switzerland/CH
Interest: 0.40%
voting right, 0.40% capital interest
Class: 0-9%
Name: Paul
Reichmuth
City/Country: Winterthur,
Switzerland/CH
Interest: 0.33%
voting right, 0.33% capital interest (since 2009)
Class: 0-9%
Name: Maxine
Backus
City/Country: Grüningen,
Switzerland/CH
Interest: 0.30%
voting right, 0.30% capital interest (since 2009)
Class: 0-9%
Name: Monika
Bircher
City/Country: Ottenbach,
Switzerland/CH
Interest: 0.30%
voting right, 0.30% capital interest (since 2009)
Class: 0-9%
Name: Wolfgang
Härtling
City/Country: Helmbrechts,
Germany/DE
Interest: 0.28%
voting right, 0.28% capital interest
Class: 0-9%
Name: Damian
Carnevale
City/Country: Baden,
Switzerland/CH
Interest: 0.20%
voting right, 0.20% capital interest (since 2009)
Class: 0-9%
Name: Ernst
Ehrismann
City/Country: Turbenthal,
Switzerland/CH
Interest: 0.19%
voting right, 0.19% capital interest (since 2009)
Class: 0-9%
Name: Alfred
Schneiter
City/Country: Kappel
am Albis, Switzerland/CH
Interest: 0.17%
voting right, 0.17% capital interest (since 2009)
Class: 0-9%
Name: Silvia
Schneiter
City/Country: Kappel
am Albis, Switzerland/CH
Interest: 0.17%
voting right, 0.17% capital interest (since 2009)
Class: 0-9%
Name: Claudia
Buldo
City/Country: Olten,
Switzerland/CH
Interest: 0.10%
voting right, 0.10% capital interest
Class: 0-9%
Name: CoOpera
Beteiligungen AG
City/Country: Ittigen,
Switzerland/CH
Interest: 1.25%
voting right, 1.25% capital interest (since 1998)
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.
Financial Situation: The financial situation is good.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.