|
Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GEBERIT INTERNATIONAL SALES AG |
|
|
|
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Registered Office : |
Neue Jonastrasse 59, 8640 Rapperswil/SG |
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|
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Country : |
Switzerland |
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|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.11.2004 |
|
|
|
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Com. Reg. No.: |
320.3.056.259-7 / 773390 |
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|
|
|
Legal Form : |
Company limited by shares |
|
|
|
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Line of Business : |
Subject sells products from the sanitary engineering sector. |
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|
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No. of Employees : |
20 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 |
Geberit International Sales AG
Neue Jonastrasse 59
8640 Rapperswil/SG
Switzerland/CH
Telephone: 055
2216300
Fax: 055
2216750
Web
site: http://www.geberit.com
E-mail: sales@geberit.com
VAT-No.: CHE112095930
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4673 Wholesale of wood, construction materials
and sanitary equipment
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 20
As a distribution company of the Geberit Group, the company sells
products from the sanitary engineering sector.
Information on property ownership was not available.
Company
No: 320.3.056.259-7 /
773390
Legal
form: Company limited
by shares
Registration: 09.11.2004
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Incorporation
Statutes: 05.11.2004
Entry Deleted Name
09.11.2004 Geberit
International Sales AG
09.11.2004 Geberit
International Sales Inc. (Name translated)
09.11.2004 Geberit
International Sales Ltd. (Name translated)
09.11.2004 Geberit
International Sales SA (Name translated)
Entry Deleted Legal domicile
12.01.2007 Rapperswil-Jona,
Switzerland
09.11.2004 12.01.2007 Rapperswil SG, Switzerland
Entry Deleted Address
09.11.2004 Neue
Jonastrasse 59, 8640 Rapperswil/SG, Switzerland/CH
Entry Deleted Capital
09.11.2004 Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
09.11.2004 10'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
09.11.2004 Als
internationale Vertriebsgesellschaft der Geberit Gruppe bezweckt die
Gesellschaft den Handel mit Waren aller Art, insbesondere im Bereich der
Sanitärbranche und verwandten Bereichen und Erbringung von Dienstleistungen wie
Marktbearbeitung und Exportabwicklung für die Geberit Gruppe und deren
Gruppengesellschaften, insbesondere in Ländern ohne eigene Geberit-Vertriebsgesellschaft.
Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im Ausland
eröffnen, Darlehen gewähren und aufnehmen sowie Sicherheiten und Garantien
abgeben, Immaterialgüterrechte erwerben, verwalten, verwerten und veräussern
sowie Grundbesitz erwerben, verwalten und verkaufen.
Entry Deleted Remarks (original Language)
09.11.2004 Publishing
authority: SHAB.
09.11.2004 Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief an die
im Aktienbuch verzeichneten Adressen.
Title Name
President William
James Graburn Christensen, Origin: Thun, Switzerland, Residential address:
Wilen bei Wollerau (Freienbach), Switzerland, joint signature of two,
Registered since: 03.02.2009
Director Roland
Iff, Origin: Auswil, Switzerland, Residential address: 8704 Herrliberg,
Switzerland, joint signature of two, Registered since: 14.07.2005
Director Karl
Spachmann, Origin: Germany, Residential address: Schindellegi (Feusisberg),
Switzerland, joint signature of two, Registered since: 01.05.2012
Title Name
General
Manager Christian
Steinberg, Origin: Germany, Residential address: Konstanz, Germany, joint
signature of two, Registered since: 05.01.2012
Member
with signing authority Stefan
Schmied, Origin: Schwarzenburg, Switzerland, Residential address: Dubai, United
Arab Emirates, joint power of attorney of two, Registered since: 18.03.2011
Member
with procuration Rudolf
Eberhard, Origin: Schänis, Switzerland, Residential address: Rapperswil
(Rapperswil-Jona)/SG, Switzerland, joint power of attorney of two, Registered
since: 09.11.2004
Member
with procuration Marcel Roger
Probst, Origin: Lommiswil, Switzerland, Residential address: Rapperswil
(Rapperswil-Jona)/SG, Switzerland, joint power of attorney of two, Registered
since: 26.08.2011
Member
with procuration Daniel
Stefan Schicker, Origin: Baar, Switzerland, Residential address: 6330 Cham,
Switzerland, joint power of attorney of two, Registered since: 19.12.2008
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: St. Gallen, Switzerland, Id: CH-320.9.045.078-2,
Registered since: 09.11.2004
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
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 638'100.0 645'200.0 658'800.0 753'100.0 756'200.0
Land and buildings 222'300.0 214'600.0 213'100.0 223'500.0 207'500.0
Other tangible
fixed assets 298'900.0 301'600.0 301'200.0 352'700.0 348'000.0
Tangible fixed
assets 521'200.0 516'200.0 514'300.0 576'200.0 555'500.0
Financial fixed
assets 21'800.0 0.0 0.0 0.0 19'000.0
other fixed assets 66'800.0 100'400.0 93'700.0 95'300.0 41'000.0
Fixed assets 1'247'900.0 1'261'800.0 1'266'800.0 1'424'600.0 1'371'700.0
Stocks 163'800.0 162'200.0 148'800.0 187'600.0 207'100.0
Trade accounts
receivable 119'600.0 112'900.0 109'300.0 122'600.0 105'700.0
Liquid assets 361'300.0 455'000.0 586'600.0 300'600.0 197'400.0
Securities 61'800.0 87'000.0 0.0 105'900.0 105'200.0
other trade
accounts 39'500.0 27'000.0 49'700.0 70'900.0 18'500.0
Accruals 13'500.0 16'800.0 10'000.0 0.0 48'500.0
Other current
assets 476'100.0 585'800.0 646'300.0 477'400.0 369'600.0
Current assets 759'500.0 860'900.0 904'400.0 787'600.0 682'400.0
Total assets 2'007'400.0 2'122'700.0 2'171'200.0 2'212'200.0 2'054'100.0
Capital 3'900.0 4'000.0 4'100.0 4'100.0 4'300.0
Other shareholders
funds 1'427'400.0 1'415'500.0 1'516'800.0 1'505'100.0 1'307'600.0
Total shareholders
equity 1'431'300.0 1'419'500.0 1'520'900.0 1'509'200.0 1'311'900.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 10'900.0 10'800.0 70'100.0 82'000.0 112'100.0
Provisions 20'600.0 20'600.0 22'900.0 259'700.0 224'700.0
Other non current
liabilities 272'000.0 323'500.0 291'100.0 47'300.0 63'100.0
Non current
liabilities 303'500.0 354'900.0 384'100.0 389'000.0 399'900.0
short term debt
(financial debts) 3'800.0 64'800.0 3'300.0 28'900.0 40'200.0
Trade accounts
payable 58'600.0 60'200.0 66'700.0 69'800.0 84'400.0
Provisions 72'000.0 3'200.0 60'400.0 85'300.0 83'700.0
Accruals 200.0 500.0 400.0 600.0
other accounts
payable 138'000.0 219'600.0 135'400.0 129'400.0 134'000.0
other current
liabilities 210'200.0 223'300.0 196'200.0 215'300.0 217'700.0
Current
liabilities 272'600.0 348'300.0 266'200.0 314'000.0 342'300.0
Shareh. equity,
min. interests + liabilities 2'007'400.0 2'122'700.0 2'171'200.0 2'212'200.0 2'054'100.0
Profit and loss
account
Sales 2'187'800.0 2'122'600.0 2'146'900.0 2'181'200.0 2'455'100.0
Reduction of
proceeds 268'200.0 255'000.0 246'900.0 250'200.0 276'100.0
Net sales 1'919'600.0 1'867'600.0 1'900'000.0 1'931'000.0 2'179'000.0
Other operating
revenue 14'100.0 13'600.0 0.0 11'000.0
Operating revenue 1'933'700.0 1'881'200.0 1'900'000.0 1'942'000.0 2'179'000.0
Cost of goods sold 590'700.0 587'900.0 572'800.0 574'300.0 738'500.0
Gross profit 1'343'000.0 1'293'300.0 1'327'200.0 1'367'700.0 1'440'500.0
Other operating
expenses 880'700.0 844'100.0 841'000.0 841'000.0 877'100.0
Operating result 462'300.0 449'200.0 486'200.0 526'700.0 563'400.0
Interest revenues 4'300.0 3'600.0 3'900.0 4'200.0 10'100.0
other financial
revenues 0.0 0.0 0.0 700.0 10'400.0
Financial income 4'300.0 3'600.0 3'900.0 4'900.0 20'500.0
Interest expenses 5'900.0 6'400.0 7'700.0 10'800.0 12'300.0
other financial
expenses 5'600.0 4'500.0 10'500.0 7'600.0 2'800.0
Financial expenses 11'500.0 10'900.0 18'200.0 18'400.0 15'100.0
Financial result -7'200.0 -7'300.0 -14'300.0 -13'500.0 5'400.0
Result before
extraordinary items 455'100.0 441'900.0 471'900.0 513'200.0 568'800.0
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes 455'100.0 441'900.0 471'900.0 513'200.0 568'800.0
Taxes 62'800.0 57'900.0 65'100.0 115'700.0 102'500.0
Result before
minority interests 392'300.0 384'000.0 406'800.0 397'500.0 466'300.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 392'300.0 384'000.0 406'800.0 397'500.0 466'300.0
Cash flow
Depreciation 74'300.0 82'800.0 81'800.0 78'900.0 85'700.0
Cash flow 466'600.0 466'800.0 488'600.0 476'400.0 552'000.0
Cash flow from
operating activities 494'000.0 493'100.0 570'100.0 459'200.0 555'000.0
Investments in
tangible fixed assets 86'000.0 92'600.0 80'500.0 106'400.0 152'500.0
Cash flow from
investing activities -58'600.0 -179'100.0 15'700.0 -104'500.0 -242'300.0
Cash flow from
financing activities -527'800.0 -442'900.0 -258'200.0 -253'600.0 -531'700.0
Others -1'300.0 -2'700.0 -41'600.0 2'100.0 -33'700.0
Change in
liquidity -93'700.0 -131'600.0 286'000.0 103'200.0 -252'700.0
Liquidity at
beginning of the year 455'000.0 586'600.0 300'600.0 197'400.0 450'100.0
Liquidity at end
ot the year 361'300.0 455'000.0 586'600.0 300'600.0 197'400.0
Notes
Material costs 590'700.0 587'900.0 572'800.0 574'300.0 738'500.0
Cost of employees 463'500.0 435'600.0 447'100.0 446'200.0 460'200.0
Research and
Development 49'800.0 48'400.0 44'200.0 41'800.0 46'000.0
Added value 998'800.0 966'700.0 1'008'500.0 1'049'100.0 1'127'000.0
Working Capital 224'800.0 214'900.0 191'400.0 240'400.0 228'400.0
Sales per Employee 312.9 311.1 326.5 344.3 382.5
Market
capitalisation 7'819'000.0 7'212'000.0 8'916'000.0 7'518'000.0 4'471'000.0
Gross cost land
and buildings 313'900.0 296'900.0 287'500.0 296'700.0 274'300.0
Gross cost other
tangible fixed assets 677'700.0 658'300.0 622'700.0 694'200.0 646'800.0
Gross cost total 991'600.0 955'200.0 910'200.0 990'900.0 921'100.0
Insurance value land
and buildings 432'200.0 427'500.0 432'200.0 495'900.0 439'100.0
Insurance value
other tang. fixed assets 915'400.0 887'600.0 862'800.0 923'100.0 888'100.0
Insurance value
total 1'347'600.0 1'315'100.0 1'295'000.0 1'419'000.0 1'327'200.0
Employees at year end 6'134 6'004 5'820 5'608 5'697
Employees average 6'150 5'992 5'793 5'634 5'684
Employees inland 1'259 1'184 1'123 1'103 1'034
Employees abroad 4'875 4'820 4'697 4'505 4'663
Name: Geberit AG
City/Country: Rapperswil-Jona/SG,
Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Geberit AG
City/Country: Rapperswil-Jona/SG,
Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 2004)
It is believed that the company has no investments.
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 considered to be good.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.64 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.73.97 |
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.