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Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
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Name : |
SYNOVA S.A. |
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|
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Registered Office : |
Chemin de la Dent-d'Oche, 1024 Ecublens/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
07.05.1997 |
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|
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Com. Reg. No.: |
550.0.144.000-1 / 400132 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacturer of cutting-edge laser systems for the semiconductor, electronic,
automotive, energy, and medical industries based on water jet guided laser |
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No. of Employees : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
--- |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
Synova S.A.
Chemin de la Dent-d'Oche
1024 Ecublens/VD
Switzerland/CH
Telephone: 021
6943500
Fax: 021
6943501
Web
site: http://www.synova.ch
E-mail: info@synova.ch
VAT-No.: CHE108614117
Established: 1997
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2841 Manufacture of metal forming machinery
Import/Export: Import, Export
Export
sales: 95,0%
Banks: ZKB Zürcher
Kantonalbank
Organisation
level: Ultimate Parent
Coverage: Company
Figures: estimated
Employees: 75
Sales: CHF 20,000,000.--
Manufactures cutting-edge laser systems for the semiconductor,
electronic, automotive, energy, and medical industries based on water jet
guided laser. The laser systems are used in various industrial sectors in
Europe, the Middle East, Asia and North America.
Real Estate: The
company owns no property.
Company
No: 550.0.144.000-1 / 400132
Legal
form: Company limited by
shares
Registration: 07.05.1997
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes: 22.08.2012
Date of
Statutes: 09.05.2012
Date of
Statutes: 28.09.2011
Date of
Statutes: 26.08.2011
Date of
Incorporation Statutes: 02.05.1997
Entry Deleted Name
07.05.1997 Synova
S.A.
Entry Deleted Legal domicile
07.05.1997 Ecublens
(VD), Switzerland
Entry Deleted Address
28.08.2003 Chemin
de la Dent-d'Oche, 1024 Ecublens/VD, Switzerland/CH
07.05.1997 28.08.2003 Parc scientifique EPFL, PSE, 1024 Ecublens/VD,
Switzerland/CH
Entry Deleted Capital
15.05.2012 Share
Capital CHF 144,889, paidup CHF 144,881
10.10.2011 15.05.2012 Share Capital CHF 133,660, paidup CHF 133,660
07.05.1997 10.10.2011 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
15.05.2012 1,448,808
Registered shares of CHF 0.10
10.10.2011 15.05.2012 1,336,606 Registered shares (ordinary shares)
of CHF 0.10
07.05.1997 10.10.2011 100 Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
07.05.1997 Conception,
fabrication, commercialisation et distribution de machines industrielles ainsi
que fourniture de services, d'assistance technique dans le même domaine;
acquisition, développement et exploitation de tous droits de propriété
notamment de brevets, licences et marques de fabrique à l'exception de l'acquisition
d'immeubles sis en Suisse.
Entry Deleted Remarks (original Language)
22.05.2012 Capital:
Le conseil d'administration a modifié une clause statutaire relative à une
augmentation autorisée du capital (selon décision d'autorisation de l'assemblée
général du 28 septembre 2011), par décision du 9 mai 2012, pour le détail cf.
statuts.
15.05.2012 Capital:
Le conseil d'administration a modifié une clause statutaire relative à une
augmentation autorisée du capital (selon décision d'autorisation de l'assemblée
général du 28 septembre 2011), par décision du 9 mai 2011, pour le détail cf.
statuts.
10.10.2011 Capital:
L'assemblée générale a introduit une clause statutaire relative à une
augmentation autorisée du capital par décision du 28 septembre 2011. Pour les
détails, voir les statuts.
10.10.2011 Reports:
Communications aux actionnaires: par écrit (courrier ou téléfax) aux adresses
indiquées dans le registre des actions ou par une seule publication dans la
Feuille officielle suisse du commerce (FOSC).
07.05.1997 Publishing
authority: Feuille officielle suisse du commerce.
Title Name
President Bernold
Richerzhagen, Origin: Germany, Residential address: 1913 Saint-Sulpice/VS, Switzerland,
born: 18.08.1964, joint signature of two, Registered since: 07.05.1997
Director Claude
Béglé, Origin: Lausanne, Switzerland, Residential address: Pully, Switzerland,
joint signature of two, Registered since: 14.12.2012
Title Name
Auditor MAZARS
CORESA SA, Residential address: Fribourg, Switzerland, Id: CH-217-1001089-6,
Registered since: 17.12.2009
No.
of Owner/-s: 2
Class: 50-100%
Type: direct
Name: Bernold Richerzhagen
City/Country: St-Sulpice/VD, Switzerland/CH
Class: unknown
Type: direct
Name: Holland Private Equity
B.V.
City/Country: Amsterdam, Netherlands/NL
Class: 100%
Name: Synova Japan KK
City/Country: Niigata-ken, Japan/JP
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova Korea Ltd
City/Country: Kyonggi, Anygang-City, South
Korea/KR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova Taiwan Inc.
City/Country: Taichung City, Taiwan/TW
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova USA Inc
City/Country: Fremont/California, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
17.07.2013 2013 6 53,730.-- Legal actions
17.07.2013 2012 0
17.07.2013 2011 1 896,811.-- Legal actions
17.07.2013 2010 2 124,836.-- Opposition filed
17.07.2013 2009 2 59,583.-- Legal actions
31.12.2007 2008 0
31.12.2007 2007 0
31.12.2006 2006 2 10,050.-- Opposition filed
31.12.2005 2005 0
31.12.2004 2004 3 262,974.-- Opposition filed
31.12.2003 2003 1 2,200.-- Opposition filed
31.12.2002 2002 0
31.12.2001 2001 2 126,091.-- 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.
Remarks
Debt collection:
FEB 2001: CHF 121.00, payment after legal demand.
DEZ 2001: CHF 980.00, payment after legal demand.
OKT 2002: CHF 3'203.00, Procedures set by the Creditor.
JUN 2004: CHF 930.00, cancelled by the Creditor.
AUG 2005: CHF 1'526.00, Procedures set by the Creditor.
SEP 2005: CHF 560.00, current collection processes.
OKT 2005: CHF 1'849.00, current collection processes.
NOV 2005: CHF 7'692.00, current collection processes.
MAI 2006: CHF 10'049.00.
APR 2007: CHF 389.00, written off by creditor.
MAR 2010: CHF 337.00, paid.
MAR 2010: CHF 96.00, paid.
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 poor.
Payment
experiences: The financial obligations
are met with delays.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.07 |
|
UK Pound |
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Report
Prepared by : |
NNA |
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.