MIRA INFORM REPORT

 

 

Report Date :           

29.03.2012

 

IDENTIFICATION DETAILS

 

Name :

HARMONIC INTERNATIONAL AG

 

 

Registered Office :

Avenue de la Gare 12, 3rd Floor, 1700 Fribourg

 

 

Country :

Switzerland

 

 

Date of Incorporation :

06.10.2008

 

 

Com. Reg. No.:

217.3.541.012-9 / 923364

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

The business activities includes sales of products of harmonic group, in particular video systems and products

 

 

No. of Employees :

25

 

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 150'000

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 – 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

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name

 

Harmonic International AG

 

Operating address

 

Avenue de la Gare 12

3rd Floor

1700 Fribourg

Switzerland/CH

Telephone:                    026 3501400

Fax:                             026 3225000

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

VAT-No.:                      CHE114530405

 

 

Profile

 

Established:                  2008

Line of Business:           IT services, Consumer goods wholesale

Industry Division:           Services, Wholesale trade

Industry-code (NACE):     6202     Computer consultancy activities

                                      4651     Wholesale of computers, computer peripheral equipment and software

                                      4643     Wholesale of electrical household appliances

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  25

 

 

Activity

 

The business activities includes sales of products of harmonic group, in particular video systems and products.

 

 


Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                217.3.541.012-9 / 923364

Legal form:                    Company limited by shares

Registration:                 06.10.2008

Legal status:                 active

Responsible Register:    Handelsregister des Saane-Bezirkes (FR)

Auditor:                        PricewaterhouseCoopers SA (CH-550-0056305-7), Pully

History:                        Date of Statutes: 03.04.2009

                                    Date of Incorporation Statutes: 26.09.2008

 

Entry            Deleted   Name

06.10.2008                    Harmonic International AG

06.10.2008                    Harmonic International Ltd (Name translated)

06.10.2008                    Harmonic International SA (Name translated)

 

Entry            Deleted   Legal domicile

06.10.2008                    Fribourg, Switzerland

 

Entry            Deleted   Address

28.05.2009                    Avenue de la Gare 12, 1700 Fribourg/FR, Switzerland/CH

06.10.2008    28.05.2009  c/o REVICOR Consulting SA, Route des Arsenaux 41, 1705 Fribourg/FR, Switzerland/CH

 

Entry            Deleted   Capital

01.05.2009                    Share Capital CHF 100'200, paidup CHF 100'200

06.10.2008    01.05.2009  Share Capital CHF 100'000, paidup CHF 100'000

 

Entry            Deleted   Capital Structure

01.05.2009                    1'002 Registered shares of CHF 100.--

06.10.2008    01.05.2009  1'000 Registered shares of CHF 100.--

 

Entry            Deleted   Activity (original Language)

06.10.2008                    Verkauf, Support und Marketing in Bezug auf Produkte der Harmonic Gruppe, insbesondere von Videoerzeugnissen und Systemlösungen. Halten von Beteiligungen an Unternehmen der Harmonic Gruppe, Erwerb, Finanzierung und Veräusserung solcher Beteiligungen sowie Durchführung aller damit zusammenhängender Geschäfte.

 

Entry            Deleted   Remarks (original Language)

01.05.2009                    Contribution in kind/Asset takeover: Die Gesellschaft übernimmt gemäss Verträge vom 03.04.2009 von der Harmonic Inc., 641 Baltic Way, Sunnyvale, CA 94089 USA, 3006 Gesellschaftsanteile der Harmonic Spain S.L. im Wert von CHF 36'175.-- sowie 1'546'183 Aktien der Harmonic UK Limited im Wert von CHF 1'157'987.--, wofür 2 Namenaktien zu CHF 100.-- ausgegeben werden.  

06.10.2008                    Publishing authority: SHAB.

06.10.2008                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.  

06.10.2008                    Reports: Mitteilung an die Aktionäre: SHAB oder per Brief, E-Mail oder Telefax

 

 

Official Administration

 

Title                                           Name

President                                    Raphaël Camille Segur, Origin: St.Antoni, Switzerland, Address: Cormondrèche, Switzerland, single signature, Registered since: 22.12.2011

Executive Director                       Isabelle Garcin, Origin: France, Address: Zürich, Switzerland, single signature, Registered since: 22.12.2011

Executive Director                       Charles  Bonasera , Origin: United States of America, Address: Pleasanton, United States of America, single signature, Registered since: 27.10.2008

Executive Director                       François Jacobus Janse van Vuuren, Origin: Canada, Address: Givisiez, Switzerland, single signature, Registered since: 21.03.2011

 

 

Ultimate Parent Company

 

Name:                          Harmonic Inc

City/Country:                 San Jose, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Harmonic Inc

City/Country:                 San Jose, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:                          100%

Name:                          Harmonic Germany GmbH

City/Country:                 München, Germany/DE

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Harmonic Spain SL

City/Country:                 Barcelona, Spain/ES

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Harmonic (UK) Ltd.

City/Country:                 Manchester, United Kingdom/GB

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

12.01.2011          2011                           0

12.01.2011          2010                           0

12.01.2011          2009                           0

12.01.2011          2008                           0

12.01.2011          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 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 in order.

 

Payment experiences:   Payments are made with arranged conditions.

 

Maximum Credit:           CHF 150'000

 

 

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.92

UK Pound

1

Rs.81.21

Euro

1

Rs.67.85

 

 

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.