MIRA INFORM REPORT

 

 

Report Date :

29.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SYNOVA S.A.

 

 

Registered Office :

Chemin de la Dent-d'Oche, 1024 Ecublens

 

 

Country :

Switzerland

 

 

Date of Incorporation :

07.05.1997

 

 

Com. Reg. No.:

550.0.144.000-1 / 400132

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufactures cutting-edge laser systems for the semiconductor, electronic, automotive, energy, and medical industries based on water jet guided laser

 

 

No. of Employees :

75

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Exist

 


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

 

Synova S.A.

 

 

Operating address

 

Chemin de la Dent-d'Oche

1024 Ecublens

Switzerland/CH

 

Telephone:                    021 6943500

Fax:                             021 6943501

 

Web site:                      http://www.synova.ch

E-mail:                         info@synova.ch

 

WIN Worldbox No.:        CH0003141786

VAT-No.:                      CHE108614117

 

 

Profile

 

Established:                  1997

Line of Business:           Machinery

Industry Division:           Manufacturing

Industry-code (NACE):   2841       Manufacture of metal forming machinery

Import/Export:               Export

Export sales:                95.0%

Banks:                         unknown

Organisation level:         Ultimate Parent

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  75

Sales:                          CHF 20'000'000.--

 


 

Activity

 

Manufactures cutting-edge laser systems for the semiconductor, electronic, automotive, energy, and medical industries based on water jet guided laser. The laser systems are used in various industrial sectors in Europe, the Middle East, Asia and North America.

 

 

Real Estate

 

Real Estate:                    The company owns no property.

 

 

Company Register

 

Company No:                550.0.144.000-1 / 400132

Legal form:                    Company limited by shares

Registration:                 07.05.1997

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Vaud

History:                        Date of Statutes: 09.05.2012

Date of Statutes:                     28.09.2011

Date of Statutes:                     26.08.2011

Date of Incorporation Statutes: 02.05.1997

 

Entry          Deleted      Name

07.05.1997                    Synova S.A.

 

Entry          Deleted      Legal domicile

07.05.1997                    Ecublens (VD), Switzerland

 

Entry          Deleted      Address

28.08.2003                    Chemin de la Dent-d'Oche, 1024 Ecublens/VD, Switzerland/CH

07.05.1997  28.08.2003  Parc scientifique EPFL, PSE, 1024 Ecublens/VD, Switzerland/CH

 

Entry          Deleted      Capital

15.05.2012                    Share Capital CHF 144'889, paidup CHF 144'881

10.10.2011  15.05.2012  Share Capital CHF 133'660, paidup CHF 133'660

07.05.1997  10.10.2011  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry          Deleted      Capital Structure

15.05.2012                    1'448'808 Registered shares of CHF 0.10

10.10.2011  15.05.2012  1'336'606 Registered shares (ordinary shares) of CHF 0.10

07.05.1997  10.10.2011  100 Bearer shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

07.05.1997                    Conception, fabrication, commercialisation et distribution de machines industrielles ainsi que fourniture de services, d'assistance technique dans le même domaine; acquisition, développement et exploitation de tous droits de propriété notamment de brevets, licences et marques de fabrique à l'exception de l'acquisition d'immeubles sis en Suisse.

 

Entry          Deleted      Remarks (original Language)

22.05.2012                    Capital: Le conseil d'administration a modifié une clause statutaire relative à une augmentation autorisée du capital (selon décision d'autorisation de l'assemblée général du 28 septembre 2011), par décision du 9 mai 2012, pour le détail cf. statuts.

10.10.2011                    Capital: L'assemblée générale a introduit une clause statutaire relative à une augmentation autorisée du capital par décision du 28 septembre 2011. Pour les détails, voir les statuts.

10.10.2011                    Reports: Communications aux actionnaires: par écrit (courrier ou téléfax) aux adresses indiquées dans le registre des actions ou par une seule publication dans la Feuille officielle suisse du commerce (FOSC).

07.05.1997                    Publishing authority: Feuille officielle suisse du commerce.

 

 

Official Administration

 

Title                                           Name

President                                    Bernold Richerzhagen, Origin: Germany, Residential address: 1913 Saint-Sulpice/VS, Switzerland, born: 18.08.1964, joint signature of two, Registered since: 07.05.1997

Executive Director                        Tim Van Delden, Origin: Germany, Residential address: Düsseldorf , Germany, joint signature of two, Registered since: 10.10.2011

 

 

Management

 

Title                                           Name

General Director                          Stephan Mohren , Origin: Germany, Residential address: Saint-Sulpice /VD, Switzerland, joint signature of two, Registered since: 31.05.2012

Director                                       Edwin Douglass, Origin: Gempen, Switzerland, Residential address: Chigny, Switzerland, joint signature of two, Registered since: 10.10.2011

 

 

External Positions

 

Title                                           Name

Auditor                                        MAZARS CORESA SA, Residential address: Fribourg, Switzerland, Registered since: 17.12.2009

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Bernold Richerzhagen

Owner/-s

 

No. of Owner/-s:            2

 

Class:                          50-99%

Name:                          Bernold Richerzhagen

City/Country:                 St-Sulpice, Switzerland/CH

 

Class:                          unknown

Name:                          Holland Private Equity B.V.

City/Country:                 Amsterdam, Netherlands/NL

 

 

Investments

 

Class:                          100%

Name:                          Synova Japan KK

City/Country:                 Niigata-ken, Japan/JP

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Synova Korea Ltd

City/Country:                 Kyonggi, Anygang-City, South Korea/KR

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Synova Taiwand Inc.

City/Country:                 Taichung City, Taiwan/TW

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Synova USA Inc

City/Country:                 Fremont, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

29.02.2012          2012                           0

29.02.2012          2011                           3                       879'352.-- Legal actions

29.02.2012          2010                           2                       117'959.-- Legal actions

29.02.2012          2009                         23                         76'873.-- Legal actions

29.02.2012          2009                         12                                      Paid legal actions

29.02.2012          2009                           6                         53'471.-- Opposition filed

29.02.2012          2009                           1                         19'613.-- Threat of bankruptcy-liquidation

29.02.2012          2008                           0

29.02.2012          2007                           0

31.12.2006          2006                           2                         10'050.-- Opposition filed

31.12.2005          2005                           0

31.12.2004          2004                           3                       262'974.-- Opposition filed

31.12.2003          2003                           1                           2'200.-- Opposition filed

31.12.2002          2002                           0

31.12.2001          2001                           2                       126'091.-- Opposition filed

 

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.

 

 

Remarks

 

Debt collection:

FEB 2001: CHF    121.00, payment after legal demand.

DEZ 2001: CHF    980.00, payment after legal demand.

OKT 2002: CHF  3'203.00, Procedures set by the Creditor.

JUN 2004: CHF    930.00, cancelled by the Creditor.

AUG 2005: CHF  1'526.00, Procedures set by the Creditor.

SEP 2005: CHF    560.00, current collection processes.

OKT 2005: CHF  1'849.00, current collection processes.

NOV 2005: CHF  7'692.00, current collection processes.

MAI 2006: CHF 10'049.00.

APR 2007: CHF    389.00, written off by creditor.

MAR 2010: CHF    337.00, paid.

MAR 2010: CHF     96.00, paid.

 

 

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 appears to be extremely poor.

 

Payment experiences:   The financial obligations are met very slowly.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.91

UK Pound

1

Rs.88.90

Euro

1

Rs.56.91

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

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.