|
Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHARLES VÖGELE TRADING AG |
|
|
|
|
Registered Office : |
Gwattstrasse 15, 8808 Pfäffikon |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
21.12.1994 |
|
|
|
|
Com. Reg. No.: |
130.0.007.352-0 / 420470 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Subject business
activities includes services in the administrative, commercial and computer
science area of the Charles Vögele Group |
|
|
|
|
No. of Employees : |
250 |
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 |
Charles
Vögele Trading AG
Gwattstrasse 15
8808 Pfäffikon
Switzerland/CH
Telephone: 055
4167111
Fax: 055
4167171
Web site: http://www.voegele-mode.com
E-mail: service@charles-voegele.com
VAT-No.: CHE107704887
Established: 1955
Line of Business: IT services, Commercial services
Industry Division: Services
Industry-code (NACE): 6209 Other information
technology and computer service activities
6201 Computer programming activities
8299 Other business support service activities
n.e.c.
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 250
Sales: CHF
80-100 Mio
The business activities
includes services in the administrative, commercial and computer science area
of the Charles Vögele Group.
Information on property
ownership was not available.
Company No: 130.0.007.352-0
/ 420470
Legal form: Company
limited by shares
Registration: 21.12.1994
Legal status: active
Responsible Register: Handelsregister des Kantons Schwyz
History: Date
of Statutes: 16.09.2002
Date
of Statutes: 30.11.1999
Date
of Statutes: 27.01.1998
Date
of Incorporation Statutes: 19.12.1994
Entry Deleted Name
30.01.1998 Charles
Vögele Trading AG
21.12.1994 30.01.1998 Charles Vögele Informatik AG
Entry Deleted Legal domicile
21.12.1994 Freienbach,
Switzerland
Entry Deleted Address
21.12.1994 Gwattstrasse
15, 8808 Pfäffikon/SZ, Switzerland/CH
Entry Deleted Capital
01.12.1999 Share
Capital CHF 10'000'000, paidup CHF 10'000'000
21.12.1994 01.12.1999 Share Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
01.12.1999 10'000
Registered shares with restricted transferability of CHF 1'000.--
21.12.1994 01.12.1999 100 Registered shares with restricted
transferability of CHF 1'000.--
Entry Deleted Activity (original Language)
17.09.2002 Erbringung
von zentralen Dienstleistungen im Verwaltungs-, Einkaufs- und Informatikbereich
der Charles Vögele-Gruppe; stellt die EDV-Infrastruktur der Charles
Vögele-Gruppe zur Verfügung und kann Outsourcing-Dienstleistungen auf dem
Gebiet der Datenverarbeitung erbringen; kann sich an anderen Unternehmen
beteiligen, Grundstücke erwerben und anderen Gesellschaften der Charles
Vögele-Gruppe Darlehen oder andere Finanzierungen gewähren und für
Verbindlichkeiten von solchen anderen Gesellschaften Sicherheiten aller Art
stellen, einschliesslich mittels Pfandrechten an oder fiduziarischen
Übereignungen von Aktiven der Gesellschaft oder Garantien jedwelcher Art.
30.01.1998 17.09.2002 Erbringung von zentralen Dienstleistungen im
Verwaltungs-, Einkaufs- und Informatikbereich der Charles Vögele Gruppe; stellt
die EDV Infrastruktur der Charles Vögele Gruppe zur Verfügung und kann
Outsourcing-Dienstleistungen auf dem Gebiet der Datenverarbeitung erbringen;
kann sich an anderen Unternehmungen beteiligen, Garantien und Bürgschaften für
verbundene Unternehmen und Dritte eingehen sowie Grundstücke erwerben.
21.12.1994 30.01.1998 Erbringung von Outsourcing-Dienstleistungen
auf dem Gebiet der Datenverarbeitung und Zurverfügungstellung der
Infrastruktur; kann auch Grundeigentum erwerben, halten und veräussern und sich
an anderen Unternehmungen beteiligen.
Entry Deleted Remarks (original Language)
11.06.2010 Merger:
Übernahme der Aktiven und Passiven der Prodress AG (CH-130.0.006.235-6), in
Pfäffikon SZ, Gemeinde Freienbach, gemäss Fusionsvertrag vom 4.5.2010 und
Bilanz per 31.12.2009. Aktiven von CHF 19'547'853.27 und Fremdkapital von CHF
408'748.17 gehen auf die übernehmende Gesellschaft über. Da dieselben Aktionäre
sämtliche Aktien der an der Fusion beteiligten Gesellschaften halten, findet
weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.
21.12.1994 Publishing
authority: SHAB.
21.12.1994 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
11.05.2010 11.06.2010 Merger: Übernahme der Aktiven und Passiven der
Prodress AG ( CH-130.0.006.235-6 ), in Pfäffikon, Gemeinde Freienbach, gemäss
Fusionsvertrag vom 4.5.2010 und Bilanz per 31.12.2009. Aktiven von CHF
446'809'141.54 und Fremdkapital von CHF 70'530'256.67 gehen auf die
übernehmende Gesellschaft über. Da dieselben Aktionäre sämtliche Aktien der an
der Fusion beteiligten Gesellschaften halten, findet weder eine Kapitalerhöhung
noch eine Aktienzuteilung statt.
Title Name
President Markus
Voegeli, Origin: Zürich, Zauggenried, Switzerland, Address: 8700 Küsnacht /ZH,
Switzerland, joint signature of two, Registered since: 20.11.2009
Executive Director Frank Beeck, Origin: Germany, Address:
Bäch/SZ, Switzerland, joint signature of two, Registered since: 13.09.2010
Title Name
Vice-Director Michael
Hofmann, Origin: Germany, Address: 8808 Pfäffikon/SZ, Switzerland, joint
signature of two, Registered since: 03.06.1998
Vice-Director Karin
Schmidt, Origin: Fällanden, Switzerland, Address: Fällanden, Switzerland, joint
signature of two, Registered since: 21.04.2011
Vice-Director Karin
B. Portmann Zürcher, Origin: Schüpfheim, Switzerland, Address: Zug/ZG,
Switzerland, joint signature of two, Registered since: 20.11.2009
Vice-Director Martin
Schulte im Rodde, Origin: Germany, Address: Schübelbach, Switzerland, joint signature
of two, Registered since: 21.04.2011
Vice-Director Heinrich
Kälin, Origin: Einsiedeln, Switzerland, Address: Pfäffikon/SZ, Switzerland,
joint signature of two, Registered since: 03.06.1998
Vice-Director Jürg
Bieri, Origin: Schangnau, Switzerland, Address: Bassersdorf, Switzerland, joint
signature of two, Registered since: 29.06.2000
Vice-Director Giacomo
Tovena, Origin: Breitenbach, Switzerland, Address: Meilen, Switzerland, joint
signature of two, Registered since: 05.02.2002
Vice-Director Martin
Graf, Origin: Zürich, Grub AR, Switzerland, Address: Meilen, Switzerland, joint
signature of two, Registered since: 27.01.2003
Vice-Director Rudolf
Peter Scheben, Origin: Germany, Address: Freienbach, Switzerland, joint
signature of two, Registered since: 13.09.2010
Vice-Director Andreas
Hink, Origin: Germany, Address: 8702 Zollikon/ZH, Switzerland, joint signature
of two, Registered since: 13.09.2010
Vice-Director Michael
Fenzl, Origin: Germany, Address: 8807 Freienbach/SZ, Switzerland, joint
signature of two, Registered since: 13.09.2010
Vice-Director Sebastiaan
Johannes Maria Duijsens, Origin: Netherlands, Address: 8832 Wollerau/SZ,
Switzerland, joint signature of two, Registered since: 13.09.2010
Vice-Director Hans
Peter Thomas, Origin: Germany, Address: 8808 Pfäffikon /SZ, Switzerland, joint
signature of two, Registered since: 13.09.2010
Vice-Director Claudia
Kirschke, Origin: Germany, Address: 8808 Pfäffikon /SZ, Switzerland, joint
signature of two, Registered since: 28.05.2009
Vice-Director Thomas
Friedrich Beckmann, Origin: Germany, Address: 6403 Küssnacht /SZ, Switzerland,
joint signature of two, Registered since: 31.10.2006
Member with signing authority Wolfgang Zumkeller, Origin: Germany,
Address: Zürich, Switzerland, joint signature of two, Registered since:
24.02.2012
Member with signing authority Alain Caparros, Origin: France, Address:
Düsseldorf , Germany, joint signature of two, Registered since: 20.11.2009
Member with signing authority Johannes Ferdinand Schuller, Origin:
Germany, Address: Feusisberg, Switzerland, joint signature of two, Registered
since: 24.02.2012
Member with signing authority Anneliese Moser, Origin: Germany, Address:
Rüschlikon, Switzerland, joint signature of two, Registered since: 24.02.2012
Member with signing authority Marcus Frank, Origin: Germany, Address:
Kilchberg /ZH, Switzerland, joint signature of two, Registered since:
24.02.2012
Member with signing authority Patrizia Barbara Vetter, Origin:
Arlesheim, Switzerland, Address: Arlesheim, Switzerland, joint signature of
two, Registered since: 30.08.2011
Member with signing authority Nicole Isabelle Borel, Origin: Riehen,
Switzerland, Address: Zollikon, Switzerland, joint signature of two, Registered
since: 11.10.2011
Member with signing authority Hans Ziegler, Origin: Neuheim,
Switzerland, Address: Feusisberg, Switzerland, joint signature of two,
Registered since: 20.11.2009
Member with signing authority Daniel Marco Romer, Origin: Benken,
Switzerland, Address: Reichenburg, Switzerland, joint signature of two,
Registered since: 11.10.2011
Member with signing authority Thorsten Benjamin Stutzmann, Origin:
Germany, Address: Fällanden, Switzerland, joint signature of two, Registered
since: 30.08.2011
Member with procuration Patrick Trümpler, Origin: Zürich, Rüschikon, Switzerland,
Address: Auslikon, Switzerland, joint power of attorney of two, Registered
since: 30.01.2004
Member with procuration Peter Bühler, Origin: Ettiswil, Menznau, Switzerland,
Address: Unterägeri, Switzerland, joint power of attorney of two, Registered since:
27.01.2003
Member with procuration Andreas Blättler, Origin: Bülach, Switzerland, Address:
Bülach, Switzerland, joint power of attorney of two, Registered since:
05.12.2008
Member with procuration Barbara Gabour, Origin: Amriswil, Switzerland, Address:
Uetikon am See, Switzerland, joint power of attorney of two, Registered since:
20.04.2007
Member with procuration Emanuel Schärli, Origin: Sursee, Switzerland, Address:
Oberkirch, Switzerland, joint power of attorney of two, Registered since:
20.04.2007
Title Name
Auditor PricewaterhouseCoopers
AG, Address: Zürich, Switzerland, Registered since: 07.07.2003
Title Name
Chief Executive Officer Frank Beeck
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed assets 45'195.0 82'409.0 82'777.0 83'144.0 79'168.0
Land and buildings 140'546.0 146'203.0 157'448.0 170'015.0 178'991.0
Other tangible fixed assets 200'300.0 206'624.0 242'906.0 258'399.0 264'411.0
Tangible fixed assets 340'846.0 352'827.0 400'354.0 428'414.0 443'402.0
Financial fixed assets 115.0 759.0 600.0 1'157.0 712.0
other fixed assets 5'567.0 4'857.0 5'638.0 7'240.0 15'115.0
Fixed assets 391'723.0 440'852.0 489'369.0 519'955.0 538'397.0
Stocks 211'974.0 150'365.0 173'022.0 282'628.0 288'741.0
Trade accounts receivable 16'528.0 14'361.0 14'092.0 27'973.0 4'398.0
Liquid assets 109'553.0 129'529.0 127'649.0 47'947.0 42'076.0
Securities 9'252.0
other trade accounts 18'336.0 10'204.0 6'321.0 29'725.0
Accruals 2'714.0 3'003.0 3'645.0 6'843.0 13'671.0
Other current assets 121'519.0 150'868.0 141'498.0 61'111.0 85'472.0
Current assets 350'021.0 315'594.0 328'612.0 371'712.0 378'611.0
Total assets 741'744.0 756'446.0 817'981.0 891'667.0 917'008.0
Capital 26'400.0 30'800.0 30'800.0 35'200.0 52'800.0
Other shareholders funds 329'547.0 441'829.0 453'345.0 460'169.0 470'482.0
Total shareholders equity 355'947.0 472'629.0 484'145.0 495'369.0 523'282.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt (financial debts) 15'842.0 64'659.0 106'500.0 159'458.0 134'303.0
Provisions 6'581.0 6'201.0 6'747.0 6'874.0 7'808.0
Other non current liabilities 32'603.0 30'200.0 65'811.0 75'927.0 84'975.0
Non current liabilities 55'026.0 101'060.0 179'058.0 242'259.0 227'086.0
short term debt (financial debts) 227'650.0 38'705.0 3'383.0 2'845.0 19'085.0
Trade accounts payable 37'473.0 40'725.0 47'926.0 53'303.0 61'714.0
Provisions 1'310.0 9'254.0 6'063.0 456.0
Accruals 29'612.0 35'571.0 44'931.0 42'455.0 39'796.0
other accounts payable 34'726.0 58'502.0 52'475.0 54'980.0 46'045.0
other current liabilities 65'648.0 103'327.0 103'469.0 97'891.0 85'841.0
Current liabilities 330'771.0 182'757.0 154'778.0 154'039.0 166'640.0
Shareh. equity, min. interests + liabilities 741'744.0 756'446.0 817'981.0 891'667.0 917'008.0
Profit and loss account
Sales 1'016'225.0 1'416'016.0 1'547'940.0 1'606'794.0 1'626'000.0
Reduction of proceeds 0.0 217'790.0 237'692.0 242'829.0 232'310.0
Net sales 1'016'225.0 1'198'226.0 1'310'248.0 1'363'965.0 1'393'690.0
Other operating revenue 4'091.0 4'577.0 4'536.0 2'686.0 2'234.0
Operating revenue 1'020'316.0 1'202'803.0 1'314'784.0 1'366'651.0 1'395'924.0
Cost of goods sold 391'268.0 397'628.0 508'232.0 473'191.0 477'074.0
Gross profit 629'048.0 805'175.0 806'552.0 893'460.0 918'850.0
Other operating expenses 742'736.0 767'539.0 802'468.0 845'905.0 824'094.0
Operating result -113'688.0 37'636.0 4'084.0 47'555.0 94'756.0
Interest revenues 717.0 723.0 333.0 921.0 883.0
other financial revenues 0.0 73.0 501.0 417.0 7.0
Financial income 717.0 796.0 834.0 1'338.0 890.0
Interest expenses 3'010.0 5'206.0 7'351.0 10'526.0 12'089.0
other financial expenses 2'509.0 4'235.0 475.0 5'304.0 3'244.0
Financial expenses 5'519.0 9'441.0 7'826.0 15'830.0 15'333.0
Financial result -4'802.0 -8'645.0 -6'992.0 -14'492.0 -14'443.0
Result before extraordinary items -118'490.0 28'991.0 -2'908.0 33'063.0 80'313.0
Extraordinary income 0.0 0.0
Extraordinary expenses 0.0 0.0
Extraordinary Result 0.0 0.0 0.0 0.0 0.0
Result before taxes -118'490.0 28'991.0 -2'908.0 33'063.0 80'313.0
Taxes 656.0 11'220.0 10'835.0 20'717.0 19'339.0
Result before minority interests -119'146.0 17'771.0 -13'743.0 12'346.0 60'974.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the financial year -119'146.0 17'771.0 -13'743.0 12'346.0 60'974.0
Cash flow
Depreciation 92'547.0 71'897.0 63'860.0 64'702.0 61'368.0
Cash flow -26'599.0 89'668.0 50'117.0 77'048.0 122'342.0
Cash flow from operating activities -108'075.0 88'078.0 187'688.0 103'454.0 111'499.0
Investments in tangible fixed assets 46'462.0 3'834.0 44'627.0 72'259.0 70'934.0
Cash flow from investing activities -49'091.0 -45'823.0 -45'540.0 -79'186.0 -74'057.0
Cash flow from financing activities 138'462.0 -35'571.0 -62'068.0 96.0 -52'270.0
Others -1'272.0 -4'804.0 -378.0 -3'545.0 943.0
Change in liquidity -19'976.0 1'880.0 79'702.0 20'819.0 -13'885.0
Liquidity at beginning of the year 129'529.0 127'649.0 47'947.0 27'128.0 41'013.0
Liquidity at end ot the year 109'553.0 129'529.0 127'649.0 47'947.0 27'128.0
Notes
Material costs 391'268.0 397'628.0 508'232.0 473'191.0 477'074.0
Cost of employees 267'932.0 291'980.0 309'169.0 320'785.0 317'919.0
Added value 244'999.0 398'074.0 377'472.0 429'076.0 471'689.0
Working Capital 191'029.0 124'001.0 139'188.0 257'298.0 231'425.0
Sales per Employee 163.1 169.5 172.9 178.4
Market capitalisation 472'560.0 325'600.0 242'000.0 817'000.0
Gross cost land and buildings 253'873.0 255'069.0 264'867.0 274'357.0 280'189.0
Gross cost other tangible fixed assets 489'036.0 495'770.0 558'642.0 537'888.0 563'688.0
Gross cost total 742'909.0 750'839.0 823'509.0 812'245.0 843'877.0
Insurance value total 682'200.0 689'000.0 775'400.0 747'900.0 776'000.0
Employees at
year end 7'279 7'345 7'729 7'888 7'811
Full time units average 4'690 4'861 5'036 5'071 4'984
Employees inland 2'016 2'293 1'790 1'932 2'093
Employees abroad 5'263 5'052 5'939 5'956 5'718
Offices 817 826 857 851 825
Offices inland 168 169 165 163
Offices abroad 658 688 686 662
Name: Charles
Vögele Holding AG
City/Country: Pfäffikon
SZ, Switzerland/CH
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Charles
Vögele Holding AG
City/Country: Pfäffikon
SZ, Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Name: Charles
Voegele Ceska sro
City/Country: Prag,
Czech/CZ
Name: Charles
Voegele Polska spzoo
City/Country: Warschau,
Poland/PL
Name: Charles
Vögele (Austria) GmbH
City/Country: Kalsdorf,
Austria/AT
Name: Charles
Vögele (Belgium) N.V.
City/Country: Turnhout,
Belgium/BE
Name: Charles
Vögele Deutschland GmbH
City/Country: Sigmaringen,
Germany/DE
Name: Charles
Vögele Fashion (HK) Limited
City/Country: Tsim
Sha Tsui East, Hong Kong/HK
Name: Charles
Vögele Hungària Kereskedelmi Kft
City/Country: Budapest,
Hungary/HU
Name: Charles
Vögele Import GmbH
City/Country: Lehrte,
Germany/DE
Name: Charles
Vögele Mode AG
City/Country: Pfäffikon
SZ, Switzerland/CH
Name: Charles
Vögele (Netherlands) BV
City/Country: Utrecht,
Netherlands/NL
Name: Charles
Vögele Store Management AG
City/Country: Pfäffikon
SZ, Switzerland/CH
Name: Charles
Vögele trgovina s tekstilom doo
City/Country: Lubljana,
Slovenia/SI
Name: Cosmos
Mode AG, Pfäffikon
City/Country: Pfäffikon
SZ, Switzerland/CH
Name: MacFash
GmbH
City/Country: Pfäffikon
SZ, Switzerland/CH
It is believed that the
company has no investments.
Control date Year No. Amount CHF Status
29.08.2011 2011 0
29.08.2011 2010 0
29.08.2011 2009 0
29.08.2011 2008 0
29.08.2011 2007 0
29.08.2011 2006 0
29.07.2009 2005 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 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: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.