MIRA INFORM REPORT

 

 

Report Date :

29.08.2013

 

IDENTIFICATION DETAILS

 

Name :

FIRMENICH SA

 

 

Registered Office :

Rue de la Bergère 7, P O Box 148, Meyrin 2 CH - 1217

 

 

Country :

Switzerland

 

 

Date of Incorporation :

27.12.1934

 

 

Com. Reg. No.:

CH66003329726

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of perfumes and toilet preparations

 

 

No. of Employees :

1580

 

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 :

Usually Correct

 

 

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

switzerland ECONOMIC OVERVIEW

 

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 3.0% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 1.9% in 2011 and 0.8% in 2012. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.

 

Source : CIA

Company Summary

 

Company Name                                    Firmenich SA

Company Registration Number            CH66003329726

Country                                                CH

Activity Code                                        204200

Activity Description                              Manufacture of perfumes and toilet preparations

Company Status                                   Active

Latest Turnover                                    2,640,000,000.00 (CHF)

 

 

Company Identification

 

Activities

Activity Code                                        204200

Activity Description                              Manufacturer of perfumes and toilet preparations

 

Basic Information

Company Name                                    Firmenich SA

 

Registered Company Name                  Firmenich SA

 

Company Registration Number            CH66003329726

 

Country                                                CH

 

Date of Company Registration 27/12/1934

 

Date of Starting Operations                  27/12/1934

 

Legal Form                                          Limited Company

 

Company Status                                   Active

 

Principal Activity Code                         204200

Principal Activity Description               Manufacturer of perfumes and toilet preparations

 

Contact Address                                   rte des Jeunes 1, Les Acacias, 122

Contact Telephone Number                  0227802211

 

Corporate Headquarter

Rue de la Bergère 7.

P O Box 148

Meyrin 2 CH - 1217, Switzerland

 

Main Address

 

Address                                               route des Jeunes 1, Les Acacias, 1227

Country                                                CH

Contact Telephone Number                  0227802211

 

 

Current Directors Managers

 

Name               Friedrich Busse

Address           Chêne-Bougeries, 1224

Position           Director

 

Name               Armand De Villoutreys De Brignac

Address           Paris (Fr)

Position           Director

 

Name               Antoine Gautier

Address           Grand-Lancy, 1212

Position           Director

 

Name               Aldo Uva

Address           New York

Position           Director

 

Name               Helen Wyatt

Address           Carouge Ge, 1227

Position           Director

 

Name               Paul Andersson

Address           Vandoeuvres, 1253

Position           Authorized Officer

 

Name               Philippe Anzile

Address           Tannay, 1295

Position           Authorized Officer

 

Name               Mark S. Bailey

Address           Adliswil, 8134

Position           Authorized Officer

 

Name               Jérôme Barra

Address           Neydens

Position           Authorized Officer

 

Name               Daniel Benczédi

Address           Plan-Les-Ouates, 1228

Position           Authorized Officer

 

Name               Johan Brinkgreve

Address           Genthod, 1294

Position           Authorized Officer

 

Name               Frédéric Bultot

Address           Payerne, 1530

Position           Authorized Officer

 

Name               Markus Christen

Address           Crans-Près-Céligny, 1299

Position           Authorized Officer

 

Name               Julie Anne Cole

Address           Genève, 1200

Position           Authorized Officer

 

Name               Eric Danjou-Xdichamp

Address           Thoiry

Position           Authorized Officer

 

Name               Olivier De Meyer

Address           La Rippe, 1278

Position           Authorized Officer

 

Name               Christopher Dean

Address           Grand-Lancy, 1212

Position           Authorized Officer

 

Name               Zoltan Dienes

Address           Gland, 1196

Position           Authorized Officer

 

Name               Nicolas Egger

Address           1934 Bagnes

Position           Authorized Officer

 

Name               João Paulo Faria De Cardoso

Address           Bogis-Bossey, 1279

Position           Authorized Officer

 

Name               Joanne Fischlin

Address           Etoy, 1163

Position           Authorized Officer

 

Name               Daniel Grell

Address           Prangins, 1197

Position           Authorized Officer

 

Name               Jean-Yves Hays

Address           Versailles

Position           Authorized Officer

 

Name               Jörg Hinderer

Address           Dully, 1195

Position           Authorized Officer

 

Name               Patrice Humbert

Address           Cully, 1096

Position           Authorized Officer

 

Name               Sven Jeanrenaud

Address           Contamine-Sur-Arve (Fr)

Position           Authorized Officer

 

Name               Patrick Joye

Address           Choisy (Fr)

Position           Authorized Officer

 

Name               Georges Klink

Address           Onex, 1213

Position           Authorized Officer

 

Name               Beat Knuchel

Address           Attalens, 1616

Position           Authorized Officer

 

Name               Peter Kraxner

Address           Chêne-Bourg, 1225

Position           Authorized Officer

 

Name               Neil Mcfarlane

Address           Gland, 1196

Position           Authorized Officer

 

Name               Simon Medd

Address           Genève, 1200

Position           Authorized Officer

 

Name               Laurent Mercier

Address           Annecy-Le-Vieux

Position           Authorized Officer

 

Name               Michel Merkt

Address           Genthod, 1294

Position           Authorized Officer

 

Name               Raymond Michel

Address           Thoiry (Fr)

Position           Authorized Officer

 

Name               Cédric Morel

Address           Collonge-Bellerive, 1245

Position           Authorized Officer

 

Name               Adaikalavan Nachiappan

Address           Brookfield

Position           Authorized Officer

 

Name               Gilles Oddon

Address           Archamps (Fr)

Position           Authorized Officer

Name               Christelle Perron

Address           Thoiry

Position           Authorized Officer

 

Name               Stefano Picasso

Address           Epalinges, 1066

Position           Authorized Officer

 

Name               Jean-Marc Pinna

Address           Bonne

Position           Authorized Officer

 

Name               Gabriele Rehbock

Address           Köln

Position           Authorized Officer

 

Name               Christophe Richard

Address           Frangy (Fr)

Position           Authorized Officer

 

Name               Pascal Riesen

Address           Gland, 1196

Position           Authorized Officer

 

Name               Juan Rios

Address           Luxemburg

Position           Authorized Officer

 

Name               Valérie Robert

Address           Onex, 1213

Position           Authorized Officer

 

Name               François Rohrbach

Address           Veyrier, 1255

Position           Authorized Officer

 

Name               Jacques Rouèche

Address           Cessy (Fr)

Position           Authorized Officer

 

Name               Eric Saracchi

Address           Tannay, 1295

Position           Authorized Officer

 

Name               Bhavesh Shah

Address           Genève, 1200

Position           Authorized Officer

 

Name               David Shipman

Address           Island Heights

Position           Authorized Officer

 

Name               Benjamin Smith

Address           Viry

Position           Authorized Officer

 

Name               Anne-Marie Steffl

Address           Illnau, 8308

Position           Authorized Officer

 

Name               Maria-Inès Velazco

Address           Genève, 1200

Position           Authorized Officer

 

Name               Bruno Versavel

Address           Vessy, 1234

Position           Authorized Officer

 

Name               Sandrine Volp-Eroguet

Address           Cessy (Fr)

Position           Authorized Officer

 

Name               Patrick Firmenich

Address           Genthod, 1294

Position           President Of The Board Of Directors

 

Name               Dominique J. Graz

Address           Shanghai

Position           Secretary

 

Name               Eric Nicolas

Address           Chaville

Position           Member

 

 

Share Capital Structure

 

Nominal Share Capital             30.00 (CHF)

Name                                       Firmenich International SA

Share Percent                          100.00 %

 

Employee Information

 

Year

Number of Employees 1580

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.68.36

UK Pound

1

Rs.106.03

Euro

1

Rs.91.47

 

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%)

 

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.