MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

VISPLAY INTERNATIONAL AG

 

 

Registered Office :

Klünenfeldstrasse 22 4127 Birsfelden

 

 

Country :

Switzerland

 

 

Date of Incorporation :

29.12.1988

 

 

Com. Reg. No.:

280.3.917.369-6 / 202872

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Consulting/Auditing, Personal services, Consumer goods wholesale

 

 

No. of Employees :

35-49

 

 

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

 

Company name and address

 

Visplay International AG

 

Operating address:

Klünenfeldstrasse 22

4127 Birsfelden

Switzerland/CH

 

Telephone:                    061 3762067

Fax:                             061 3772367

 

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

E-mail:                         info@visplay.com

 

VAT-No.:                      CHE106399008

 

 

Profile

 

Established:                  1988

Line of Business:           Consulting/Auditing, Personal services, Consumer goods wholesale

Industry Division:           Services, Wholesale trade

Industry-code (NACE):   7010       Activities of head offices

                                    9609       Other personal service activities n.e.c.

                                    4665       Wholesale of office furniture

Import/Export:               Import

Quality certification:       ISO 9001:2008

                                    ISO 14001:2004

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  35-49

 

 

Activity

 

The business activities includes the management and coordination of global activities of the group companies that operate the production and distribution of indoor facilities worldwide. In addition, a showroom will be operated.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                280.3.917.369-6 / 202872

Legal form:                    Company limited by shares

Registration:                 29.12.1988

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Basel-Landschaft

History:                        Date of Incorporation Statutes: 23.12.1988

                                    Date of Statutes: 14.06.2002

                                    Date of Statutes: 19.12.2000

                                    Date of Statutes: 17.10.1995

 

Entry          Deleted      Name

22.01.2001                    Visplay International AG

                  22.01.2001  Vitrashop (International) AG

 

Entry          Deleted      Legal domicile

active                           Muttenz, Switzerland

 

Entry          Deleted      Address

10.06.2004                    Klünenfeldstrasse 22, Muttenz, 4127 Birsfelden/BL, Switzerland/CH

                  01.04.1998  Klünenfeldstrasse 20, 4132 Muttenz/BL, Switzerland/CH

20.06.2000  10.06.2004  Klünenfeldstrasse 22, 7431 Mutten/GR, Switzerland/CH

01.04.1998  20.06.2000  Klünenfeldstrasse 22, 4132 Muttenz/BL, Switzerland/CH

 

Entry          Deleted      Capital

18.06.2002                    Share Capital CHF 1'450'000, paidup CHF 1'450'000

 

Entry          Deleted      Capital Structure

18.06.2002                    1'450 Registered shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

18.06.2002                    Leitung und Koordinierung der weltweiten Tätigkeiten der in der Vitrashop Holding AG, Muttenz, zusammengefassten Gesellschaften, die die Produktion und den Vertrieb von Inneneinrichtungen weltweit betreiben. Erwerb, Verwaltung und Verwertung gewerblicher Schutzrechte auf dem Sektor der Inneneinrichtung. Entwicklung und Verkauf von Einrichtungsgegenständen. Die Gesellschaft kann Immobilien und Tochtergesellschaften erwerben, verwalten und veräussern.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

18.06.2002                    Merger: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 14.6.2002 die "Visplay IP AG", in Muttenz, durch Fusion. Aktiven von CHF 6'647'377.-- und Passiven von CHF 2'868'960.-- gehen gemäss Fusionsbilanz per 31.12.2001 durch Universalsukzession auf die Gesellschaft über; der Erhöhungsbetrag wurde entsprechend dem Fusionsvertrag liberiert. Die Aktionäre der übernommenen Gesellschaft erhalten dafür 250 vollliberierte Namenaktien zu CHF 1'000.-- der übernehmenden Gesellschaft.

18.06.2002                    Merger: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 14.6.2002 die "Shoplab AG", in Muttenz, durch Fusion. Aktiven von CHF 2'512'107.-- und Passiven von CHF 2'179'279.-- gehen gemäss Fusionsbilanz per 31.12.2001 durch Universalsukzession auf die Gesellschaft über; der Erhöhungsbetrag wurde entsprechend dem Fusionsvertrag liberiert. Die Aktionäre der übernommenen Gesellschaft erhalten dafür 200 vollliberierte Namenaktien zu CHF 1'000.-- der übernehmenden Gesellschaft.

06.12.1995                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

06.12.1995                    Reports: Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch eingeschriebenen Brief.

 

 

Official Administration

 

Title                                           Name

President                                    Ulrich Zelter, Origin: Germany, Address: 4000 Basel/BS, Switzerland, joint signature of two, Registered since: 20.10.2004

Executive Director                        Ulrich Eberhardt, Origin: Germany, Address: Bad Säckingen, Germany, joint signature of two, Registered since: 08.10.2010

 

 

Management

 

Title                                           Name

Member with signing authority       Martin Sesiani, Origin: Germany, Address: Kandern , Germany, joint signature of two, Registered since: 24.10.2008

Member with signing authority       Wolfgang Krickl, Origin: Germany, Address: Neuenburg, Germany, joint signature of two, Registered since: 18.02.2009

Member with signing authority       Peter Paul, Origin: Germany, Address: Binzen , Germany, joint signature of two, Registered since: 18.06.2002

Member with signing authority       Raymond Fehlbaum-Orth, Origin: Schüpfen, Switzerland, Address: 4125 Riehen/BS, Switzerland, single signature, Registered since: 17.10.1995

Member with signing authority       Andreas Küssner, Origin: Germany, Address: Lörrach , Germany, joint signature of two, Registered since: 22.02.2010

Member with signing authority       Christian Vetterer, Origin: Germany, Address: Maulburg , Germany, joint signature of two, Registered since: 23.11.2009

Member with procuration              Herbert Walter, Origin: Germany, Address: Müllheim , Germany, joint power of attorney of two

 

 

External Positions

 

Title                                           Name

Auditor                                        Ernst & Young AG, Address: Basel, Switzerland, Registered since: 12.01.2001

 

 

Ultimate Parent Company

 

Name:                          Vitra Holding AG

City/Country:                 Birsfelden, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Vitra Holding AG

City/Country:                 Birsfelden, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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:   There are no objections regarding the payment of financial obligations.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

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%)

 

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.