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Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
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Name : |
INDUKERN CHEMIE AG |
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Registered Office : |
Wiesenstrasse 33 8952 Schlieren/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
24.01.1986 |
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Com. Reg. No.: |
020.3.913.216-3 / 88817 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Wholesale of Pharmaceutical Goods |
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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 |
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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 |
|
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
Indukern Chemie AG
Operating
address:
Wiesenstrasse 33
8952 Schlieren/ZH
Switzerland/CH
Telephone: 044
7385757
Fax: 044
7385790
Web
site: http://www.indukern.com
E-mail: info@indukern.com
VAT-No.: CHE103535290
Established: 1986
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4646 Wholesale of pharmaceutical goods
4675 Wholesale of chemical products
Import/Export: Export
Export
sales: 95,0%
Banks: CS Credit Suisse
UBS Ltd
ZKB Zürcher
Kantonalbank
Organisation
level: Ultimate Parent
Coverage: Company
Figures: approximately
Employees: 20
Sales: CHF 8-10 Mio
The Company is a supplier of raw materials
for the veterinary, pharmaceutical, food and feed industry.
Information on property ownership was not
available.
Company
No: 020.3.913.216-3 / 88817
Legal
form: Company limited
by shares
Registration: 24.01.1986
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
30.03.1988
Date of
Statutes: 30.04.2003
Date of
Statutes: 10.09.1992
Entry Deleted Name
active Indukern
Chemie AG
Entry Deleted Legal domicile
active Schlieren,
Switzerland
Entry Deleted Address
active Wiesenstrasse
33, 8952 Schlieren/ZH, Switzerland/CH
Entry Deleted Capital
16.10.1992 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
16.10.1992 1,000
Registered shares of CHF 1,000,--
Entry Deleted Activity (original Language)
10.07.2003 Die
Gesellschaft bezweckt den Handel, Verkauf und Vertrieb sowie Import und Export
von industriellen chemischen Produkten aller Art und von Nahrungsmittel- und
Futtermittelzusätzen. Die Gesellschaft kann alle Geschäfte tätigen welche in
ihrem Interesse liegen oder sonst wie geeignet sind die Gesellschaft zu
entwickeln und den Gesellschaftszweck zu fördern. Sie kann Niederlassungen in
der Schweiz und im Ausland errichten, sich an Unternehmen gleicher oder
ähnlicher Art in der Schweiz und im Ausland beteiligen, Grundeigentum kaufen
und verkaufen sowie intellektuelles Eigentum und Know-how nutzen, erwerben und
verwalten.
10.07.2003 Handel mit und Vertrieb sowie Import und
Export von chemischen Produkten aller Art und von Nahrungsmittel- und Futtermittelzusätzen;
kann sich an gleichen oder ähnlichen Unternehmen beteiligen sowie Grundeigentum
erwerben, belasten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
10.07.2003 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
10.07.2003 Reports:
Mitteilungen an die Aktionäre erfolgen durch eingeschriebene Schreiben an die
im Aktienbuch angegebenen Adressen.
Title Name
President José Luis Diaz-Varela,
Origin: Spain, Residential address: Barcelona, Spain, joint signature of two
Director Peter
Bienz, Origin: Rüderswil, Switzerland, Residential address: Villnachern,
Switzerland, joint signature of two
Director Daniel
Diaz-Varela, Origin: Spain, Residential address: Barcelona, Spain, joint
signature of two
Director Romeo
Krebser, Origin: Oberembrach, Switzerland, Residential address: 8424
Embrach/ZH, Switzerland, joint signature of two
Director Eva
Maeder-Bertschinger, Origin: Zürich, Switzerland, Residential address:
Rüschlikon, Switzerland, joint signature of two
Director Antonio
Miguel Vidal Pacheco, Origin: Spain, Residential address: Barcelona, Spain,
joint signature of two
Title Name
Director Peter
Bienz, Origin: Rüderswil, Switzerland, Residential address: Villnachern,
Switzerland, joint signature of two
Director Romeo
Krebser, Origin: Oberembrach, Switzerland, Residential address: 8424
Embrach/ZH, Switzerland, joint signature of two
Member
with procuration Christoph
Allenbach, Origin: Zürich, Switzerland, Residential address: 8001 Zürich/ZH,
Switzerland, joint power of attorney of two, Restricted signatory powers,
Registered since: 03.11.2009
Title Name
Auditor Deloitte
AG, Residential address: Zürich, Switzerland, Id: CH-020.3.908.370-9,
Registered since: 14.11.2012
Title Name
Chief
Executive Officer Romeo
Krebser (krebser@indukern.com)
Name: INDUKERN S.A.
City/Country: Barcelona, Spain/ES
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: INDUKERN S.A.
City/Country: Barcelona, Spain/ES
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: INDUKERN HONG KONG
LIMITED
City/Country: Wanchai/Hong Kong, Hong Kong/HK
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
05.03.2013 2013 0
05.03.2013 2012 0
05.03.2013 2011 0
05.03.2013 2010 0
05.03.2013 2009 0
05.03.2013 2008 0
03.08.2009 2007 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
appears to be good.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
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 |
|
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.