|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
LAM RESEARCH INTERNATIONAL SĀRL |
|
|
|
|
Registered Office : |
Avenue Edouard-Dubois 20 2000 Neuchâtel/NE
Switzerland/CH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
24.06.2012 |
|
|
|
|
Date of Incorporation : |
03.06.2003 |
|
|
|
|
Com. Reg. No.: |
645.4.096.426-2 / 709653 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is supplier of wafer fabrication equipment and services |
|
|
|
|
No. of Employees : |
30 |
RATING & COMMENTS
|
MIRAs 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, 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
LAM RESEARCH
INTERNATIONAL SĀRL
Avenue Edouard-Dubois 20
2000 Neuchâtel/NE
Switzerland/CH
Telephone: 032
9242900
Fax: 032
9242999
Web
site: http://www.lamrc.com
E-mail: info@lamrc.com
WIN
Worldbox No.: CH0005848307
VAT-No.: CHE110128814
Established: 2003
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4652 Wholesale of electronic and
telecommunications equipment and parts
Import/Export: Import
Banks: unknown
Coverage: Company
Employees: 30
The Company is supplier of wafer fabrication
equipment and services to the worldwide semiconductor industry.
Information on property ownership was not
available.
Company
No: 645.4.096.426-2 / 709653
Legal
form: Limited Liability
Company
Registration: 03.06.2003
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Neuchâtel
History: Date of Statutes:
19.04.2013
Date of Statutes:
27.01.2009
Date of
Statutes: 29.01.2004
Date of
Statutes: 29.10.2003
Date of
Incorporation Statutes: 21.05.2003
Entry Deleted Name
03.06.2003 Lam
Research International Sārl
03.06.2003 Lam
Research International Ltd Liab. Co (Name translated)
03.06.2003 Lam
Research International GmbH (Name translated)
03.06.2003 Lam
Research International Sagl (Name translated)
Entry Deleted Legal domicile
04.02.2009 Neuchâtel,
Switzerland
03.02.2004 04.02.2009 La Chaux-de-Fonds, Switzerland
03.06.2003 03.02.2004 Neuchâtel, Switzerland
Entry Deleted Address
04.02.2009 Avenue
Edouard-Dubois 20, 2000 Neuchâtel/NE, Switzerland/CH
03.02.2004 04.02.2009 Chemin de la Combeta 5, 2300 La
Chaux-de-Fonds, Switzerland/CH
03.06.2003 03.02.2004 c/o PricewaterhouseCoopers SA, Place Pury 13,
2000 Neuchâtel/NE, Switzerland/CH
Entry Deleted Capital
03.02.2004 LLC
Capital CHF 1,921,000, paidup CHF 1,921,000
Entry Deleted Activity (original Language)
03.06.2003 Concevoir,
développer, produire, commercialiser, vendre et distribuer des équipements de
production de semi-conducteurs et de fournir tous services y relatifs;
participer ā et détenir toutes entreprises, créées ou ā créer, pouvant se
rattacher directement ou indirectement au but social.
Entry Deleted Remarks (original Language)
04.02.2009 Note:
Prestations accessoires, droits de préférence, de préemption ou d'emption:
selon statuts.
04.02.2009 Reports:
Convocations et communications aux associés: lettre recommandée.
04.02.2009 Shares:
Les modalités de transfert des parts sociales dérogent ā la loi selon les
statuts.
03.02.2004 Contribution
in kind/Asset takeover: La totalité du capital des sociétés: a). "Lam
Research Singapore Pte Ltd", ā Singapore pour CHF 15'003'778.55 b).
"Lam Research Service Co. Ltd", ā Shanghai pour CHF 195'499.50 c).
"Lam Research Shanghai Co. Ltd", ā Shanghai pour CHF 473'687.62, soit
un montant total de CHF 15'672'965.67, pour CHF 1'000, montant entičrement
imputé sur le capital, le solde de CHF 15'671'965.67 constituant un agio.
11.11.2003 Contribution
in kind/Asset takeover: La totalité du capital des sociétés: a). "Lam
Research GmbH", ā Reit im Winkel, D, pour CHF 7'863'161.85 b). "Lam
Research Ltd", ā East Kilbride, Ecosse, pour CHF 1'091'208.78 c).
"Lam Research SAS", ā Grenoble, F, pour CHF 9'371'032.02 d).
"Lam Research S.r.l, ā Milan, I, pour CHF 12'217'413.68 e). "Lam
Research BV", ā Nijmegen, Pays-Bas, pour CHF 3'444'727.38 f). "Lam
Research (Ireland) Ltd, ā Dublin, Irlande, pour CHF 1'565'791.28 g). "Lam
Research (Israel) Ltd, ā Natanya, Israel, pour 2'370'714.78 h). "Lam
Research Co. (Japan) Ltd, ā Sagamihara-City, Japon, pour CHF 15'084'830.29 i).
"Lam Research Co. (Taiwan) Ltd, ā Hsinchu, Taiwan, pour CHF 37'193'555.28,
soit un montant total de CHF 90'202'435.34, pour CHF 1'900'000, montant
entičrement imputé sur le capital, le solde de CHF 88'302'435.34 constituant un
agio.
03.06.2003 Publishing
authority: Feuille officielle suisse du commerce.
Title Name
President Thierry
Fried, Origin: France, Residential address: 1000 Lausanne/VD, Switzerland,
single signature, Registered since: 29.07.2009
Title Name
General
Manager Thierry Fried,
Origin: France, Residential address: 1000 Lausanne/VD, Switzerland, single
signature, Registered since: 29.07.2009
General
Manager Odette
Marie Go, Origin: United States of America, Residential address: San
Francisco/CA, United States of America, single signature, Registered since:
28.02.2012
General
Manager Carol
Raeburn, Origin: United Kingdom, Residential address: Orinda/CA, United States
of America, single signature, Registered since: 27.06.2013
General
Manager Jr. Georg
Milford Schisler, Origin: United States of America, Residential address: Palo
Alto/CA, United States of America, single signature, Registered since:
28.06.2007
Member
with procuration Christian
Bulfon, Origin: Austria, Residential address: Velden, Austria, single power of
attorney, Registered since: 13.09.2013
Member
with procuration Neil Joseph
Fernandes, Origin: United States of America, Residential address: Capitola/CA,
United States of America, single power of attorney, Registered since:
13.09.2013
Member
with procuration Alfredo
Nolli, Origin: Freienbach, Switzerland, Residential address: Villach, Austria,
single power of attorney, Registered since: 25.07.2012
Member
with procuration Robert
Stecher, Origin: Germany, Residential address: Gorgier, Switzerland, single
power of attorney, Registered since: 20.01.2012
Member
with procuration Angelina
Agnes Cornelia Wijnen, Origin: Netherlands, Residential address: Villach,
Austria, single power of attorney, Registered since: 25.07.2012
Title Name
Auditor Ernst
& Young SA, Residential address: Lancy, Switzerland, Id: CH-660-0176999-6,
Registered since: 04.02.2009
Title Name
Chief
Executive Officer Thierry
Fried
LAM RESEARCH
CORPORATION
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 24.06.2012 26.06.2011 27.06.2010 28.06.2009
Number of months: 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD
Balance Sheet
Intangible fixed
assets 2,686,730.0 216,616.0 236,906.0 260,787.0
Tangible fixed
assets 584,596.0 270,458.0 200,336.0 215,666.0
Financial fixed
assets 166,335.0 165,256.0 165,234.0 178,439.0
other fixed assets 151,882.0 128,272.0 128,255.0 101,152.0
Fixed assets 3,589,543.0 780,602.0 730,731.0 756,044.0
Stocks 632,853.0 396,607.0 318,479.0 233,410.0
Liquid assets 1,564,752.0 1,492,132.0 545,767.0 374,167.0
Current assets 4,415,109.0 3,276,792.0 1,756,661.0 1,195,827.0
Total assets 8,004,652.0 4,057,394.0 2,487,392.0 1,951,871.0
Total shareholders
equity 5,131,781.0 2,469,845.0 1,768,135.0 1,453,089.0
Minority interests 0.0 0.0 0.0 0.0
long term debt
(financial debts) 761,783.0 738,488.0 3,365.0 23,253.0
Provisions 0.0 0.0 0.0 0.0
Other non current
liabilities 684,160.0 164,775.0 157,235.0 134,766.0
Non current
liabilities 1,445,943.0 903,263.0 160,600.0 158,019.0
Current
liabilities 1,426,928.0 684,286.0 558,657.0 340,763.0
Shareh. equity,
min. interests + liabilities 8,004,652.0 4,057,394.0 2,487,392.0 1,951,871.0
Net sales 2,665,192.0 3,237,693.0 2,133,776.0 1,115,946.0
Operating result 231,636.0 801,769.0 422,640.0 -281,801.0
Result for the
financial year 168,723.0 723,748.0 346,669.0 -302,148.0
Name: LAM RESEARCH
CORPORATION
City/Country: FREMONT, United States of
America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Lam Research
International B.V.
City/Country: Schiphol-Rijk, Netherlands/NL
Capital
share: CHF 1,920,000.--
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Type: indirect, Group-Level
1
Name: LAM RESEARCH
CORPORATION
City/Country: FREMONT, United States of
America/US
Class: 100%
Name: Lam Research B.V.
City/Country: Schiphol-Rijk, Netherlands/NL
Interest: 100,00% voting right, 100,00%
capital interest
Class: 50-100%
Name: Lam Research Holding
GmbH
City/Country: Zürich/ZH, Switzerland/CH
Interest: 99,80% voting right,
99,80% capital interest
Control date Year No.
14.01.2013 2013 0
14.01.2013 2012 0
14.01.2013 2011 0
14.01.2013 2010 0
14.01.2013 2009 0
26.04.2006 2006 0
26.04.2006 2005 0
26.04.2006 2004 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 considered to be good.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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
SCs 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.