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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
MIGROS-GENOSSENSCHAFTS-BUND |
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Registered Office : |
Limmatstrasse 152, Zurich, 8005 |
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Country : |
Switzerland |
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Date of Incorporation : |
04.11.1941 |
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Com. Reg. No.: |
CH02059010083 |
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Legal Form : |
Co-operative |
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Line of Business : |
Non-specialized wholesale of food, beverages and tobacco |
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No. of Employees : |
2239 |
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 |
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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 – 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 |
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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 |
|
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 Name Migros-Genossenschafts-Bund
Company Registration Number CH02059010083
Country CH
Activity Code 463900
Activity Description Non-specialized
wholesale of food, beverages and tobacco
Company Status Active
Latest Turnover 5,147,473,900.00
(CHF)
Activities
Activity Code 463900
Activity Description Non-specialized
wholesale of food, beverages and tobacco
Basic Information
Company Name Migros-Genossenschafts-Bund
Registered Company Name Migros-Genossenschafts-Bund
Company Registration Number CH02059010083
Country CH
Date of Company Registration 04/11/1941
Date of Starting Operations 04/11/1941
Legal Form Co-operative
Company Status Active
Principal Activity Code 463900
Principal Activity Description Non-specialized wholesale of food, beverages
and tobacco
Contact Address Limmatstrasse
152, Zurich, 8005
Contact Telephone Number 0442772111
Address Limmatstrasse
152, Zurich, 8005
Country CH
Telephone 0442772111
Name Herbert
Bolliger
Address Oberrohrdorf,
5452
Position President
of the directorate-general
Name Dr.
Dieter Berninghaus
Address Küsnacht
ZH, 8700
Position Member
of the directorate-general
Name Walter
Huber
Address Sursee,
6210
Position Member
of the directorate-general
Name Andreas
Münch
Address Ennetbaden,
5408
Position Member
of the directorate-general
Name Oskar
Sager
Address Seon,
5703
Position Member
of the directorate-general
Name Jörg
Ch. Zulauf
Address Thalwil,
8800
Position Member
of the directorate-general
Name Fabrice
Zumbrunnen
Address La
Chaux-de-Fonds, 2300
Position Member
of the directorate-general
Name Beat
Arben-zTenti
Address Hettlingen,
8442
Position Authorized
signatory
Name Annina
Arpagaus
Address Uetikon
am See, 8707
Position Authorized
signatory
Name Lorenz
Brügger
Address Balerna,
6828
Position authorized
signatory
Name Hans
Rudolf Castell
Address General-Guisan-Strasse
3, Zug, 6300
Position authorized
signatory
Name Cornelia
Diethelm
Address Kölliken,
5742
Position Authorized
signatory
Name Marc
Patrick Engelhard
Address Bülach,
8180
Position Authorized
signatory
Name Markus
Gisiger
Address Birmenstorf
AG, 5413
Position Authorized
signatory
Name Monica
Glisenti
Address Seon,
5703
Position Authorized
signatory
Name Hedy
Graber
Address Zurich,
8000
Position
Authorized
signatory
Name Martin
Haas
Address Ennetbaden,
5408
Position Authorized
signatory
Name Jann
Hatz
Address Aesch
ZH, 8904
Position Authorized
signatory
Name Marlène
Honegger
Address Widnau,
9443
Position Authorized
signatory
Name Matthias
Kneubühl
Address Stäfa,
8712
Position Authorized
signatory
Name Beda
Ledergerber
Address Neerach,
8173
Position Authorized
signatory
Name Noel
Matos
Address Basel,
4000
Position Authorized
signatory
Name Bernd
Messerer
Address Inzlingen
Position Authorized
signatory
Name Bernhard
Metzger
Address Lufingen,
8426
Position Authorized
signatory
Name Andrea
Ming
Address Baar,
6340
Position Authorized
signatory
Name Andrea
Moser
Address Zurich,
8000
Position Authorized
signatory
Name Raymond
U. Muntwyler
Address Adliswil,
8134
Position Authorized
signatory
Name Markus
Neukom
Address Maur,
8124
Position Authorized
signatory
Name Thomas
Paroubek
Address Zurich,
8000
Position Authorized
signatory
Name Wolfgang
Pfaffeneder
Address Trüllikon,
8466
Position Authorized
signatory
Name Marcel
Schaniel
Address Savognin,
7460
Position Authorized
signatory
Name Martin
Schläpfer
Address Stettlen,
3066
Position Authorized
signatory
Name Peggy
Schuhmann
Address Zurich,
8000
Position Authorized
signatory
Name Hans
Ulrich Siber
Address Bäch
SZ, 8806
Position Authorized
signatory
Name Alex
Sieber
Address Baden,
5400
Position Authorized
signatory
Name Michael
Spiess
Address Zurich,
8000
Position Authorized
signatory
Name Dr.
Andrea Broggini
Address Savosa,
6942
Position President
Name Doris Aebi
Address Schöftland,
5040
Position Vice-president
Name Christian
Biland
Address Wettingen,
5430
Position Vice-president
Name Max
Alter
Address Bovernier,
1932
Position Member
Name Patrick
Avanthay
Address Saxon,
1907
Position Member
Name Roger
Baillod
Address Wil
SG, 9500
Position Member
Name Dominique
Biedermann
Address Meinier,
1252
Position Member
Name Herbert
Bolliger
Address Oberrohrdorf,
5452
Position Member
Name Ing.
Lorenzo Emma
Address Vezia,
6943
Position Member
Name Dipl.
Ing. Jea-nRené Germanier
Address route
Cantonale 285, Vétroz, 1963
Position member
Name Paola
Ghillani
Address Bulle,
1630
Position member
Name Marcelle
Edmée Junod
Address Biel/Bienne,
2500
Position member
Name Oswald
Kessler
Address Yverdon-les-Bains,
1400
Position
member
Name Werner
Krättli
Address Maisprach,
4464
Position member
Name Felix
Erich Meyer
Address Nidau,
2560
Position member
Name Ruth
Rauschenbach
Address Zurich,
8000
Position member
Name Prof.
Dr. Thomas Rudoph
Address St.
Gallen, 9000
Position member
Name Marc
Schaefer
Address Préverenges,
1028
Position member
Name Ursula
Schoepfer
Address Hofstetten
SO, 4114
Position member
Name Guy
Vibourel
Address Vétraz-Monthoux
(FR)
Position member
Name Heinz
Christoph Winzeler
Address Wallisellen,
8304
Position member
Name Prof.
Dr. Hans A. Wüthrich
Address Rheinfelden,
4310
Position member
Name Beat
Zahnd
Address Münchenbuchsee,
3053
Position member
Nominal Share Capital 15.00
(CHF)
Name Genossenschaft
Migros Luzern, in Dierikon
Share Percent 4.63 %
Name Société
Coopérative Migros Vaud
Share Percent 4.08 %
Name Società
Cooperativa fra produttori e consumatori Migros - Ticino
Share Percent 3.83 %
Name Genossenschaft
Migros Zürich
Share Percent 32.29
%
Name Genossenschaft
Migros Basel
Share Percent 10.01
%
Name Société
Coopérative Migros-Genève
Share Percent 7.16 %
Name Société
coopérative Migros Neuchâtel-Fribourg
Share Percent 4.37 %
Name Société
coopérative Migros Valais
Share Percent 1.71 %
Name Genossenschaft
Migros Ostschweiz
Share Percent 11.44
%
Name Genossenschaft
Migros Aare
Share Percent 19.76
%
Affiliate Name Gurtenbahn
Bern AG
Country --
Affiliate Name Schwyzer
Milchhuus AG
Country --
Affiliate Name VZ
Holding AG
Country --
Affiliate Name Charles
Vögele Holding AG
Country --
Affiliate Name Proviande
Genossenschaft
Country --
Affiliate Name Atlante
S.r.l.
Country IT
Affiliate Name Migros
Deutschland GmbH
Country DE
Affiliate Name Galaxus
AG
Country --
Number of Employees 2239
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.