MIRA INFORM REPORT

 

 

Report Date :

29.01.2013

 

IDENTIFICATION DETAILS

 

Name :

F. HOFFMANN-LA ROCHE AG

 

 

Registered Office :

Grenzacherstrasse 124 4070 Basel/BS

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.06.1989

 

 

Com. Reg. No.:

270.3.000.406-0 / 81803

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufacture of basic pharmaceutical products

 

 

No. of Employees :

8'000

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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 2.7% 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 safehaven 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 2.1% in 2011. 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 in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly 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 name and address

 

F. Hoffmann-La Roche AG

 

Operating address:

Grenzacherstrasse 124

4070 Basel/BS

Switzerland/CH

 

Telephone:                   061 6881111

Fax:                             061 6919391

 

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

E-mail:                         basel.webmaster@roche.com

 

VAT-No.:                      CHE105815381

 

 

Profile

 

Established:                 1896

History:                        1896:      Established from Fritz Hoffmann-La Roche

Line of Business:          Pharmaceutics

Industry Division:          Manufacturing

Industry-code (NACE):  2110       Manufacture of basic pharmaceutical products

Import/Export:              Export

Quality certification:      ISO 9001

                                    ISO 14001

Banks:                          UBS Ltd

                                    CS Credit Suisse

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Employees:                  8'000

 

 

Activity

 

The company comprises the manufacture and sales of pharmaceutical and chemical products, vitamins and Diagnostika.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:               270.3.000.406-0 / 81803

Legal form:                   Company limited by shares

Registration:                 01.06.1989

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Basel-Stadt

History:                        Date of Incorporation Statutes: 31.05.1989

                                    Date of Statutes: 19.06.1997

 

Entry          Deleted      Name

active                           F. Hoffmann-La Roche AG

active                           F. Hoffmann-La Roche Ltd (Name translated)

active                           F. Hoffmann-La Roche SA (Name translated)

 

Entry          Deleted      Legal domicile

active                           Basel, Switzerland

 

Entry          Deleted      Address

active                           Grenzacherstrasse 124, 4058 Basel/BS, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 150'000'000, paidup CHF 150'000'000

 

Entry          Deleted      Capital Structure

active                           150'000 Registered shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

24.07.1997                    Fabrikation und Vertrieb pharmazeutischer und chemischer Produkte aller Art. Die Gesellschaft kann Grundstücke und Immaterialgüterrechte erwerben und veräussern sowie sich an anderen Unternehmen beteiligen.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Merger: Aktiven und Passiven der "Priorin AG", in Münchenstein, nach Massgabe von Art. 748 OR. Da die übernehmende Gesellschaft Eigentümerin sämtlicher Aktien der übernommenen Gesellschaft ist, findet keine Kapitalerhöhung statt.

active                           Contribution in kind/Asset takeover: Betriebliche Aktiven und Passiven der "Roche Holding AG", in Basel, umfassend Aktiven von CHF 1'766'305'376.22 und Passiven von CHF 1'277'348'454.09, gemäss Bilanz per 01.01.1989 zum Preis von CHF 488'956'922.13, wovon CHF 149'998'000.- an das Aktienkapital angerechnet werden.

15.02.2012                    Merger: Übernahme der Aktiven und Passiven der IMIB Institut für Medizininformatik und Biostatistik AG, in Basel (CH-270.3.003.052-2), gemäss Fusionsvertrag vom 01.02.2012 und Bilanz per 31.12.2011. Aktiven von CHF 478'775.00 und Passiven (Fremdkapital) von CHF 25'978.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

24.06.2008                    Merger: Übernahme der Aktiven und Passiven der Barimec Investment AG, in Basel (CH-270.3.012.671-0), gemäss Fusionsvertrag vom 05.05.2008 und Bilanz per 31.12.2007. Aktiven von CHF 74'902'500.-- und Passiven (Fremdkapital) von CHF 25'109'556.-- gehen auf die übernehmende Gesellschaft über. Da die übernehmende Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

22.02.2007                    Merger: Übernahme der Aktiven und Passiven der "RoNexus Services AG", in Basel (CH-270.3.012.997-3) gemäss Fusionsvertrag vom 12.02.2007 und Bilanz per 31.12.2006. Aktiven von CHF 8'648'840.02 und Passiven (Fremdkapital) von CHF 10'256'683.19, d.h. ein Passivenüberschuss von CHF 1'607843.17, gehen auf die übernehmende Gesellschaft über. Die übernehmende Gesellschaft weist gemäss Bestätigung des besonders befähigten Revisors frei verwendbares Eigenkapital im Umfang des Kapitalverlustes und der Überschuldung auf. Da die übernehmende Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

04.11.2005                    Merger: Übernahme der Aktiven und Passiven der 'Pharmexbio AG', in Zug (CH-170.3.007.638-5), gemäss Fusionsvertrag vom 20.10.2005 und Bilanz per 31.08.2005. Aktiven von CHF 1'500'000.-- und Passiven (Fremdkapital) von CHF 115'336'000.--, d.h. ein Passivenüberschuss von CHF 113'836'000.--, gehen auf die übernehmende Gesellschaft über. Gemäss Bestätigung des besonders befähigten Revisors liegt ein Rangrücktritt im Umfang des Kapitalverlustes und der Überschuldung vor. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

06.12.2004                    Merger: Übernahme der Aktiven und Passiven der "Valorfides AG", in Chur (CH-350.3.004.123-9), gemäss Fusionsvertrag vom 29.11.2004 und Bilanz per 30.06.2004. Aktiven von CHF 540'786'072.56 und Passiven (Fremdkapital) von CHF 349'172'234.61 gehen auf die übernehmende Gesellschaft über. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

06.12.2004                    Merger: Übernahme der Aktiven und Passiven der "Roche Consumer Health Trading AG", in Basel (CH-160.3.000.337-5), gemäss Fusionsvertrag vom 29.11.2004 und Bilanz per 30.06.2004. Aktiven von CHF 2'155.770.01 und Passiven (Fremdkapital) von CHF 49'022.80 gehen auf die übernehmende Gesellschaft über. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

06.12.2004                    Merger: Übernahme der Aktiven und Passiven der "Roche Consumer Health Holding AG", in Basel (CH-270.3.003.183-2), gemäss Fusionsvertrag vom 29.11.2004 und Bilanz per 30.06.2004. Aktiven von CHF 1'527'395.08 und Passiven (Fremdkapital) von CHF 15'000.-- gehen auf die übernehmende Gesellschaft über. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

06.12.2004                    Merger: Übernahme der Aktiven und Passiven der "NP Investments AG", in Glarus (CH-160.3.001.126-7), gemäss Fusionsvertrag vom 29.11.2004 und Bilanz per 30.06.2004. Aktiven von CHF 3'022'859.22 und Passiven (Fremdkapital) von CHF 8'004'000.--, d.h. ein Passivenüberschuss von CHF 4'981'140.78, gehen auf die übernehmende Gesellschaft über. Gemäss Bestätigung des besonders befähigten Revisors liegen teils Rangrücktritte im Umfang des Kapitalverlustes und der Überschuldung vor und teils verfügt die übernehmende Gesellschaft über frei verwendbare Eigenmittel im erforderlichen Umfang. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.

12.05.2003                    Merger: Die Gesellschaft übernimmt Aktiven von CHF 116'070.-- und Passiven von CHF 3'300.-- der "Roche Center for Medical Genomics, Ltd", in Basel, nach Massgabe von Art. 748 OR. Da die übernehmende Gesellschaft Eigentümerin sämtlicher Aktien der zu übernehmenden Gesellschaft ist, findet keine Kapitalerhöhung statt.

24.07.1997                    Reports: Mitteilungen an die Aktionäre: Briefe.

 

 

Official Administration

 

Title                                           Name

President                                    Dr. Franz B. Humer, Origin: Küssnacht SZ, Switzerland, Residential address: 8703 Erlenbach/ZH, Switzerland, joint signature of two, Registered since: 06.11.1995

Chief Executive                           Dr. Severin Schwan, Origin: Austria, Residential address: 4125 Riehen/BS, Switzerland, joint signature of two, Registered since: 22.01.2001

Director                                      Dr. Alan Hippe, Origin: Germany, Residential address: Riehen, Switzerland, joint signature of two, Registered since: 14.04.2011

Director                                      Dr. Gottlieb Keller, Origin: Dörflingen, Switzerland, Residential address: 8001 Zürich/ZH, Switzerland, joint signature of two, Registered since: 20.06.2000

Director                                      Urs Lauffer, Origin: Uster, Switzerland, Residential address: 8001 Zürich/ZH, Switzerland, without signature, Registered since: 20.06.2000

 

 

Management

 

Title                                           Name

Director                                      Dr. Thomas Singer, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 31.07.2003

Director                                      Natacha Theytaz, Origin: Ayer, Switzerland, Residential address: Therwil, Switzerland, joint signature of two, Registered since: 12.12.2008

Deputy Director                          Dr. Michael Ausborn, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 30.01.2006

Deputy Director                          Dr. Wolfgang Göttert, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 23.08.2002

Deputy Director                          Horst Hohler, Origin: Germany, Residential address: Rheinfelden, Germany, joint signature of two, Registered since: 06.11.1995

Deputy Director                          Dr. Jürgen Knöbel, Origin: Germany, Residential address: Binzen, Germany, joint signature of two, Registered since: 06.04.1999

Deputy Director                          Dr. Hanno Langen, Origin: Germany, Residential address: Steinen Kr. Lörrach, Germany, joint signature of two, Registered since: 23.08.2002

Deputy Director                          Dr. Klaus Richter, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 06.11.1995

Deputy Director                          Boris Zaïtra, Origin: France, Residential address: Basel, Switzerland, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Ralf Altenburger, Origin: Germany, Residential address: Eimeldingen, Germany, joint signature of two, Registered since: 15.12.2009

Vice-Director                               Dr. Michael Baltes, Origin: Germany, Residential address: Müllheim, Germany, joint signature of two, Registered since: 23.08.2002

Vice-Director                               Dr. Alexander Bausch, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 31.10.2001

Vice-Director                               Dr. Karl Heinz Bender, Origin: Germany, Residential address: Neuenburg, Germany, joint signature of two, Registered since: 20.06.2000

Vice-Director                               Dr. Robert Bloch, Origin: Endingen, Switzerland, Residential address: Adliswil, Switzerland, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Hans-Joachim Boehm, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 20.06.2000

Vice-Director                               Dr. Brigitte Borho, Origin: Germany, Residential address: Rheinau, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Stefan Brombacher, Origin: Germany, Residential address: Efringen-Kirchen, Germany, joint signature of two, Registered since: 01.07.2004

Vice-Director                               Dr. Thomas Büchele, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 20.07.2007

Vice-Director                               Dr. Christian Czech, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               David Drain, Origin: United Kingdom, Residential address: Hausen im Wiesental, Germany, joint signature of two, Registered since: 23.08.2002

Vice-Director                               Dr. Niklas Engler, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Stefan Frings, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 26.09.2005

Vice-Director                               Dr. Sabine Fürst-Recktenwald, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Frank Güthlein, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Thorsten Gutjahr, Origin: Germany, Residential address: Binzen, Germany, joint signature of two, Registered since: 20.07.2007

Vice-Director                               Dr. Dirk Halbig, Origin: Germany, Residential address: Efringen-Kirchen, Germany, joint signature of two, Registered since: 03.09.2008

Vice-Director                               Marcel Hammler, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 23.08.2002

Vice-Director                               Dr. Sven Hauptmann, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 26.09.2005

Vice-Director                               André-Michael Hold, Origin: Binningen, Switzerland, Residential address: Binningen, Switzerland, joint signature of two, Registered since: 19.08.2009

Vice-Director                               Dr. Angela Ianni-Hinz, Origin: Germany, Residential address: Well am Rhein, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Michael Indlekofer, Origin: Germany, Residential address: Kandern, Germany, joint signature of two, Registered since: 31.07.2003

Vice-Director                               Dr. Axel Tobias Jung, Origin: Germany, Residential address: Efringen-Kirchen, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Jürgen Koch, Origin: Germany, Residential address: Horgenzell, Germany, joint signature of two, Registered since: 31.10.2011

Vice-Director                               Dr. Siegfried Krimmer, Origin: Germany, Residential address: Steinen Kr. Lörrach, Germany, joint signature of two, Registered since: 08.08.2012

Vice-Director                               Dr. Harald Kropshofer, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Jasper Kunow, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 20.07.2007

Vice-Director                               Dr. Hermann Lehn, Origin: Germany, Residential address: Weil am Rhein, Germany, joint signature of two, Registered since: 26.09.2005

Vice-Director                               Dr. Andreas Leiminer, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Thorsten Lobert, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Peer Hendrik Lorenz, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Joachim Lutz, Origin: Germany, Residential address: Wehr, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Matthias Meier, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Myriam Mendila, Origin: Germany, Residential address: Steinen Kr. Lörrach, Germany, joint signature of two, Registered since: 31.10.2011

Vice-Director                               Dr. Wenger Michael, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 26.09.2005

Vice-Director                               Barbara Moll-Stützle, Origin: Germany, Residential address: Rheinfelden, Germany, joint signature of two, Registered since: 18.06.2010

Vice-Director                               Dr. Lutz Müller, Origin: Germany, Residential address: Binzen, Germany, joint signature of two, Registered since: 26.09.2005

Vice-Director                               Regina Poppe, Origin: Germany, Residential address: Wittlingen, Germany, joint signature of two, Registered since: 17.05.1999

Vice-Director                               Peter Schiessl, Origin: Germany, Residential address: Palo Alto, United States of America, joint signature of two, Registered since: 31.10.2011

Vice-Director                               Dr. Johannes Schmidt, Origin: Germany, Residential address: Steinen Kr. Lörrach, Germany, joint signature of two, Registered since: 31.10.2001

Vice-Director                               Dr. Wolfgang Schmidt, Origin: Germany, Residential address: Schopfheim-Langenaue, Germany, joint signature of two

Vice-Director                               Dr. Wolfram Schmidt, Origin: Germany, Residential address: Helsinki, Finland, joint signature of two, Registered since: 11.04.2012

Vice-Director                               Norbert Schreiner, Origin: Germany, Residential address: Liebenswiller, France, joint signature of two, Registered since: 15.12.2009

Vice-Director                               Sandra Schröder, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 03.09.2008

Vice-Director                               Dr. Siegfried Schützinger, Origin: Austria, Residential address: Weil am Rhein, Germany, joint signature of two, Registered since: 31.10.2001

Vice-Director                               Dr. Jörg H. Sitzmann, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 01.07.2004

Vice-Director                               Ralf Smit, Origin: Germany, Residential address: Well am Rhein, Germany, joint signature of two, Registered since: 06.09.1999

Vice-Director                               Dr. Olivia Spleiss, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Dr. Ralf Thoma, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Oste Tim, Origin: Germany, Residential address: Kandern, Germany, joint signature of two, Registered since: 27.07.2012

Vice-Director                               Yvonne Ulrich, Origin: Germany, Residential address: Fischingen, Germany, joint signature of two, Registered since: 10.08.2012

Vice-Director                               Robert Vogel, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two

Vice-Director                               Sven-Olaf Vogt, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 20.06.2000

Vice-Director                               Dr. Cornelia Weber, Origin: Germany, Residential address: Fischingen, Germany, joint signature of two, Registered since: 23.08.2002

Vice-Director                               Dr. Peter Wenner, Origin: Germany, Residential address: Fischingen, Germany, joint signature of two, Registered since: 31.07.2003

Vice-Director                               Sebastian Werner, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 31.10.2001

Vice-Director                               Dr. Iris Wiesel, Origin: Germany, Residential address: Efringen-Kirchen, Germany, joint signature of two, Registered since: 31.07.2003

Vice-Director                               Dr. Joachim Wolf, Origin: Germany, Residential address: Lörrach, Germany, joint signature of two, Registered since: 06.09.1999

Vice-Director                               Florian Zabel, Origin: Germany, Residential address: Rheinfelden, Germany, joint signature of two, Registered since: 24.05.2011

Vice-Director                               Dr. Friederike Zahm, Origin: Germany, Residential address: Freiburg im Breisgau, Germany, joint signature of two, Registered since: 24.05.2011

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG AG, Residential address: Basel, Switzerland, Registered since: 20.07.2009

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Dr. Severin Schwan

 

 

Financial Data Roche Group

 

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:                                                mil. CHF           mil. CHF           mil. CHF           mil. CHF           mil. CHF

Statement norm:                                          IAS                   IAS                  IAS                   IAS                  IAS

 

Balance Sheet

Intangible fixed assets                                12'969.0            12'855.0           14'266.0            15'474.0           13'181.0

Land and buildings                                       8'333.0            10'051.0             8'564.0             9'010.0             8'127.0

Other tangible fixed assets                            7'868.0             6'678.0             9'133.0             9'180.0             9'705.0

Tangible fixed assets                                  16'201.0            16'729.0           17'697.0            18'190.0           17'832.0

Financial fixed assets                                      384.0                428.0                481.0                940.0             1'333.0

other fixed assets                                         3'790.0             3'396.0             3'642.0             2'881.0             3'185.0

Fixed assets                                               33'344.0            33'408.0           36'086.0            37'485.0           35'531.0

Stocks                                                         5'060.0             4'972.0             5'648.0             5'830.0             6'113.0

Trade accounts receivable                             9'799.0             9'403.0           10'461.0             9'755.0             9'804.0

Liquid assets                                                3'854.0             1'841.0             2'442.0             4'915.0             3'755.0

Securities                                                     7'433.0             9'060.0           16'107.0            15'856.0           20'447.0

other trade accounts                                     2'066.0             1'821.0             3'318.0             2'248.0             2'715.0

Accruals                                                           20.0                515.0                503.0

Other current assets                                    13'373.0            13'237.0           22'370.0            23'019.0           26'917.0

Current assets                                             28'232.0            27'612.0           38'479.0            38'604.0           42'834.0

Total assets                                                61'576.0            61'020.0           74'565.0            76'089.0           78'365.0

 

Capital                                                            160.0                160.0                160.0                160.0                160.0

Other shareholders funds                            11'935.0             9'309.0             7'206.0            44'319.0           45'323.0

Total shareholders equity                             12'095.0             9'469.0             7'366.0            44'479.0           45'483.0

Minority interests                                          2'387.0             2'193.0             2'048.0             9'343.0             7'960.0

long term debt (financial debts)                   23'459.0            27'857.0           36'143.0             2'972.0             3'834.0

Provisions                                                      991.0                934.0                700.0                654.0                688.0

Other non current liabilities                            6'434.0             5'589.0             6'241.0             6'537.0             5'946.0

Non current liabilities                                   30'884.0            34'380.0           43'084.0            10'163.0           10'468.0

short term debt (financial debts)                    3'394.0             2'201.0             6'273.0             1'117.0             3'032.0

Trade accounts payable                                2'053.0             2'068.0             1'299.0             1'053.0             1'188.0

Provisions                                                    1'742.0             2'146.0             1'618.0                804.0             1'517.0

Accruals                                                       5'451.0             4'938.0             7'917.0             5'684.0             5'645.0

other accounts payable                                 3'570.0             3'625.0             4'960.0             3'446.0             3'072.0

other current liabilities                                  10'763.0            10'709.0           14'495.0             9'934.0           10'234.0

Current liabilities                                          16'210.0            14'978.0           22'067.0            12'104.0           14'454.0

Shareh. equity, min. interests + liabilities      61'576.0            61'020.0           74'565.0            76'089.0           78'365.0

 

Profit and loss account

Net sales                                                    42'531.0            47'473.0           49'051.0            45'617.0           46'113.0

Other operating revenue                                1'582.0             1'694.0             2'100.0             2'287.0                   0.0

Operating revenue                                       44'113.0            49'167.0           51'151.0            47'904.0           46'113.0

Cost of goods sold                                    11'942.0            13'293.0           14'615.0            13'661.0           13'743.0

Gross profit                                                32'171.0            35'874.0           36'536.0            34'243.0           32'370.0

Other operating expenses                            18'717.0            22'388.0           24'259.0            20'319.0           17'902.0

Operating result                                          13'454.0            13'486.0           12'277.0            13'924.0           14'468.0

Interest revenues                                               73.0                  64.0                179.0                698.0             1'072.0

other financial revenues                                   586.0                656.0                613.0                426.0                733.0

Financial income                                             659.0                720.0                792.0             1'124.0             1'805.0

Interest expenses                                          2'006.0             2'506.0             1'733.0                214.0                281.0

other financial expenses                                  222.0                489.0             1'104.0                673.0                690.0

Financial expenses                                       2'228.0             2'995.0             2'837.0                887.0                971.0

Financial result                                             -1'569.0            -2'275.0            -2'045.0                237.0                834.0

Result before extraordinary items                 11'885.0            11'211.0           10'232.0            14'161.0           15'302.0

Extraordinary income                                                                                                                                         2.0

Extraordinary Result                                            0.0                   0.0                   0.0                   0.0                   2.0

Result before taxes                                     11'885.0            11'211.0           10'232.0            14'161.0           15'304.0

Taxes                                                           2'341.0             2'320.0             1'722.0             3'317.0             3'867.0

Result before minority interests                     9'544.0             8'891.0             8'510.0            10'844.0           11'437.0

minority interests                                             201.0                225.0                726.0             1'875.0             1'676.0

Result for the financial year                           9'343.0             8'666.0             7'784.0             8'969.0             9'761.0

 

Cash flow

Depreciation                                                 1'848.0             1'933.0             1'981.0             2'645.0             2'536.0

Cash flow                                                   11'392.0            10'824.0           10'491.0            13'489.0           13'973.0

Cash flow from operating activities              12'954.0            14'342.0           16'877.0            12'177.0           11'728.0

Investments in tangible fixed assets              1'959.0             2'671.0             2'984.0             3'139.0             3'519.0

Cash flow from investing activities                  -353.0             3'534.0            -2'909.0            -1'722.0            -5'788.0

Cash flow from financing activities              -10'724.0           -18'434.0          -14'768.0            -9'442.0            -5'270.0

Others                                                            136.0                 -43.0            -1'673.0                147.0               -125.0

Change in liquidity                                        2'013.0               -601.0            -2'473.0             1'160.0                545.0

Liquidity at beginning of the year                   1'841.0             2'442.0             4'915.0             3'755.0             3'210.0

Liquidity at end ot the year                            3'854.0             1'841.0             2'442.0             4'915.0             3'755.0

 

Notes

Cost of employees                                     10'300.0            11'934.0           12'080.0            11'129.0           10'767.0

Research and Development                           8'326.0             9'050.0             9'874.0             8'845.0             8'385.0

Added value                                               26'039.0            27'584.0           26'026.0            28'149.0           28'888.0

Working Capital                                           12'806.0            12'307.0           14'810.0            14'532.0           14'729.0

Sales per Employee                                            0.5                   0.6                   0.6                   0.6                   0.6

Market capitalisation                                  136'102.0          117'563.0          151'296.0          140'678.0          171'060.0

Gross cost land and buildings                     13'087.0            14'731.0           13'076.0            12'483.0           11'299.0

Gross cost other tangible fixed assets         17'975.0            16'257.0           18'844.0            17'656.0           18'105.0

Gross cost total                                          31'062.0            30'988.0           31'920.0            30'139.0           29'404.0

 

Full time units at year end                               80'129              80'653              81'507              80'080              78'604

Employees inland                                                                                           7'700                7'650                7'500

Employees abroad                                                                                        73'807              72'430              71'104

 

 

Ultimate Parent Company

 

Name:                          Roche Holding AG

City/Country:                Basel/BS, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Roche Holding AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:                          100%

Name:                          Piramed Limited

City/Country:                Welwyn Garden City/Hertfordshire, United Kingdom/GB

Interest:                        100.00% voting right, 100.00% capital interest (since 23.05.2008)

 

Class:                          0-9%

Name:                          bci Betriebs-AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        0.00% capital interest (since 03.07.2002)

 

Class:                          0-9%

Name:                          BEC AG

City/Country:                Gipf-Oberfrick/AG, Switzerland/CH

Interest:                        5.00% voting right, 5.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

02.12.2009          2009                           0

02.12.2009          2008                           1                           9'945.--       Legal actions

02.12.2009          2008                           1                           8'216.--       Opposition filed

02.12.2009          2007                           1                           2'500'000.-- Opposition filed

02.12.2009          2006                           1                           2'500'000.-- 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 case:

MAY 2011: CHF   134.00, paid.

SEP 2010: CHF 1'121.00, 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 is considered to be very good.

 

Payment experiences:   Payment habits are considered good.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.89

UK Pound

1

Rs.84.92

Euro

1

Rs.72.51

 

 

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.