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Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
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Name : |
VIPA LAUSANNE S.A. |
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Registered Office : |
Galeries Benjamin-Constant 1, Case Postale
7700, 1002 Lausanne/VD |
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Country : |
Switzerland |
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Year of Establishment : |
1960 |
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Com. Reg. No.: |
550.0.086.652-1 / 249917 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the trade in raw materials for the manufacture
of paper and pulp, particularly with old paper |
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No. of Employees : |
15 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
Vipa Lausanne S.A.
Galeries Benjamin-Constant 1
Case Postale 7700
1002 Lausanne/VD
Switzerland/CH
Telephone: 021
3434466
Fax: 021
3434469
Web
site: http://www.vipa.ch
E-mail: info@vipa.ch
VAT-No.: CHE106733372
Established: 1960
Line
of Business: Paper/cardboard
Industry
Division: Manufacturing
Industry-code (NACE): 1712 Manufacture of paper and paperboard
Import/Export: Export
Quality
certification: ISO 9001
Banks: CS Credit Suisse
BCV Banque
Cantonale Vaudoise
Coverage: Company
Employees: 15
The company is engaged in the trade in raw materials for the manufacture
of paper and pulp, particularly with old paper. The annual capacity is 500,000
tons.
Information on property ownership was not available.
Company
No: 550.0.086.652-1 /
249917
Legal
form: Company limited
by shares
Registration: 28.12.1990
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
History: Date of Statutes:
27.12.1990
Date of
Statutes: 07.12.1995
Entry Deleted Name
active Vipa
Lausanne S.A.
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
active Galeries
Benjamin-Constant 1, 1003 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
active 1'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
active Commerce
de matières premières pour l'industrie du papier et du carton, en particulier
de matières premières secondaires (vieux papiers); commerce de papier, carton
et de matières primaires et secondaires en tout genre.
Entry Deleted Remarks (original Language)
active Publishing
authority: Feuille officielle suisse du commerce.
Title Name
Director Marc
Ehrlich, Origin: Lausanne, Switzerland, Residential address: Pully,
Switzerland, single signature
Director Rachel
Ehrlich, Origin: Lausanne, Switzerland, Residential address: Pully,
Switzerland, single signature
Title Name
Auditor KPMG SA,
Residential address: Lausanne, Switzerland
Title Name
Chief
Executive Officer Marc
Ehrlich
Name: Vipa holding S.A.
City/Country: Lausanne/VD, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Vipa holding S.A.
City/Country: Lausanne/VD, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
24.08.2007 2007 0
24.08.2007 2006 1 5'064.-- Opposition filed
24.08.2007 2005 0
24.08.2007 2004 2 42'455.-- 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.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper assessment
of the actual situation.
Financial
Situation: The financial situation
is considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.05 |
|
UK Pound |
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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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 |
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<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.