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Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
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Name : |
COMPAGNIE
GRAINIÈRE SA |
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Registered Office : |
Auenstrasse 8 8600 Dübendorf/ZH
SwitzerlandC/H |
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Country : |
Switzerland |
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Date of Incorporation : |
25.02.1926 |
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Com. Reg. No.: |
020.3.905.720-8 / 37502 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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No. of Employees |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 began to recover in 2010. 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 below 2% per year during 2011-13. 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 |
COMPAGNIE
GRAINIÈRE SA
Auenstrasse 8
8600 Dübendorf/ZH
Switzerland/CH
Telephone: 044
8011200
Fax: 044
8011201
Web
site: http://www.grainiere.ch
E-mail: zucker@grainiere.ch
WIN
Worldbox No.: CH0000310625
VAT-No.: CHE101451653
Established: 1926
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4621 Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds
4672 Wholesale of metals and metal ores
4673 Wholesale of wood, construction materials
and sanitary equipment
Import/Export: Import, Export
Banks: UBS Ltd
CS Credit
Suisse
ZKB Zürcher
Kantonalbank
Coverage: Company
Figures: estimated
Employees: 12
The companies core businesses are conducted
through the following divisions: Sugar (source of sugar from overseas and the EU
destined for the Swiss market), Grain/Cereals, Animal Feed, Oilseeds and Pulses
(source of grain/cereals, aminal feed, oilseeds and pulses from world markets
for sale to Switzerland).
Division Hermes Alloys:
Hermes Alloys is a supplier of Metals, Ferro-Alloys
and Technical Products. The commercial counterparts are both producers and
industrial consumers within the Steel and Aluminium industry.
DIVISION HERMES GABROSTONE:
Hermes GabroStone is the purchasing
organization acting for and on behalf of the affiliated company Hermes
GabroStone Spzoo, Szczecin / Poland. Granite, Marble, Limestone and Slate in
form of slabs, cut-to-size and tiles are sourced from high quality producers in
Brazil, China, India and Turkey.
Real
Estate: The company does
not appear to own any property.
Company
No: 020.3.905.720-8 / 37502
Legal
form: Company limited by
shares
Registration: 25.02.1926
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
30.08.1991
Date of
Statutes: 20.12.1993
Date of
Statutes: 29.10.1992
Entry Deleted Name
active Compagnie
Grainière SA
Entry Deleted Legal domicile
active Dübendorf,
Switzerland
Entry Deleted Address
14.12.1998 Auenstrasse
8, 8600 Dübendorf, Switzerland/CH
14.12.1998 Auenstrasse 6, 8600 Dübendorf/ZH,
Switzerland/CH
Entry Deleted Capital
28.12.1993 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
28.12.1993 3,000
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
20.01.1993 Als
Familienunternehmen Betrieb von Geschäften aller Art auf dem Gebiete des
Getreide- und Futtermittelhandels sowie anderer Produkte, wie auch Beteiligung
an entsprechenden Unternehmungen; kann Finanzierungen jeder Art durchführen,
Beteiligungen und Wertschriften erwerben und veräussern, sich an anderen
Gesellschaften und Unternehmen beteiligen sowie Liegenschaften erwerben,
veräussern und verwalten.
Entry Deleted Remarks (original Language)
active Publishing authority: SHAB.
30.06.2004 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die Edgar Meyer AG, in
Dübendorf. Aktiven von CHF 163'206.-- und Passiven von CHF 1'161.-- gehen gemäss
Fusionsvertrag vom 28.6.2004 und Fusionsbilanz per 31.12.2003 durch
Universalsukzession auf die Gesellschaft über, die bereits sämtliche Aktien der
übernommenen Gesellschaft besitzt. Dabei erlöschen diese Aktien, und das
Aktienkapital der übernehmenden Gesellschaft bleibt unverändert.
12.07.1993 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die Marius Hess & Cie
AG, in Dübendorf. Aktiven und Passiven der Marius Hess & Cie AG gehen
gemäss Fusionsvertrag vom 18.06.1993 und Fusionsbilanz per 01.01.1993 im Sinne
von Art. 748 OR auf die Compagnie Grainière SA über, die bereits sämtliche
Aktien der übernommenen Gesellschaft besitzt. Dabei erlöschen diese Aktien und
das Aktienkapital bleibt unverändert.
20.01.1993 Shares:
Die Übertragbarkeit der Namenaktien ist beschränkt nach Massgabe der Statuten.
20.01.1993 Reports:
Die Mitteilungen an die Aktionäre erfolgen rechtsgültig durch eingeschriebenen
Brief an die letzte nach dem Aktionärverzeichnis bekannte Adresse der
Aktionäre.
Title Name
President,
Chief Executive Paul O. Rutz,
Origin: Meilen, Switzerland, Residential address: Meilen, Switzerland, single
signature
Vice-President Thomas Rutz, Origin:
Zürich, Switzerland, Residential address: Zürich, Switzerland, single signature
Director Dr. iur.
Hans Bodmer, Origin: Niedererlinsbach, Switzerland, Residential address: Frauenfeld, Switzerland, joint signature of
two
Title Name
Member
with signing authority Anna-Elisabeth Bosshard, Origin: Sternenberg, Switzerland,
Residential address: Wallisellen, Switzerland, joint signature of two,
Registered since: 17.08.2001
Member
with signing authority Silvia Lang, Origin: Fischbach-Göslikon, Switzerland,
Residential address: Neuenhof, Switzerland, joint signature of two, Registered
since: 26.02.1998
Member
with signing authority Marianne Zogg, Origin: Grabs, Switzerland, Residential
address: Mönchaltorf, Switzerland, joint signature of two, Registered since:
20.12.1999
Member
with procuration Karin Duczek,
Origin: Zürich, Switzerland, Residential address: Erlenbach/ZH, Switzerland,
joint power of attorney of two
Member
with procuration Peter Seiler, Origin: Dübendorf, Switzerland,
Residential address: Wallisellen, Switzerland, single power of attorney,
Registered since: 05.03.2002
Title Name
Auditor Bachmann
Treuhand AG, Residential address: Zürich, Switzerland, Id: CHE-110.528.384,
Registered since: 06.04.2004
Title Name
Chief
Executive Officer Thomas
Rutz (t.rutz@grainiere.ch)
Chief
Financial Officer, Chief Information Officer, Chief Controlling Officer Anna-Elisabeth Bosshard (a.bosshard@grainiere.ch)
Chief
Business Segment Officer Karin Duczek
(k.duczek@grainiere.ch)
Chief
Business Segment Officer Silvia Lang
Name: Hermes Trade Holding
AG
City/Country: Dübendorf/ZH, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Hermes Trade Holding
AG
City/Country: Dübendorf/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 01.01.2011)
It is believed that the company has no
investments.
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>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 |
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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 |
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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 |
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-- |
NB |
New Business |
-- |
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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.