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Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHOTT SCHWEIZ AG |
|
|
|
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Registered Office : |
St. Josefen-Strasse 20 Postfach 9001 St. Gallen/SG |
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Country : |
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Date of Incorporation : |
31.12.1930 |
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|
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Com. Reg. No.: |
320.3.003.697-9 / 61521 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture, distribution and trading of parenteral packaging for the pharmaceutical industry. |
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No of Employees : |
750 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
SCHOTT Schweiz AG
St. Josefen-Strasse 20
Postfach
9001 St. Gallen/SG
Switzerland/CH
Telephone: 071
2744242
071
2741600
Fax: 071
2744243
Web site: http://www.schott.com/schweiz
WIN Worldbox No.: CH0000091203
VAT-No.: CHE102064313
Established: 1930
Line of Business: Glas,
Plastics
Industry Division: Manufacturing
Industry-code (NACE): 2313 Manufacture of hollow glass
2319 Manufacture and processing of other
glass, including technical glassware
2229 Manufacture of other plastic products
Import/Export: Export
Quality certification: ISO
9001:2000
Banks: CS
Credit Suisse
UBS
Ltd
Coverage: Company
Figures: approximately
Employees: 750
Sales: CHF
260,000,000.--
Branches: 1
The business includes the
manufacture, distribution and trading of parenteral packaging for the pharmaceutical
industry. The range includes syringes, vials, ampoules, cartridges and special
articles of tubing glass or plastic.
Real Estate: It is
understood that the company owns certain property.
Company No: 320.3.003.697-9
/ 61521
Legal form: Company
limited by shares
Registration: 31.12.1930
Legal status: active
Responsible Register: Handelsregister
des Kantons St. Gallen
History: Date
of Statutes: 27.09.1962
Date
of Incorporation Statutes: 06.12.1930
Date
of Statutes: 12.01.2012
Date
of Statutes: 11.11.2011
Date
of Statutes: 02.06.2008
Date
of Statutes: 22.06.2000
Date
of Statutes: 22.05.1997
Entry Deleted Name
20.01.2012 SCHOTT
Suisse SA (Name translated)
22.11.2011 SCHOTT
Schweiz AG
27.06.1997 Forma-Vitrum A.-G.
27.06.1997 Forma-Vitrum SA (Name translated)
27.06.1997 Forma-Vitrum Ltd (Name translated)
06.06.2008 22.11.2011 SCHOTT forma vitrum ag
27.06.1997 06.06.2008 forma vitrum ag
Entry Deleted Legal domicile
active St.
Gallen, Switzerland
Entry Deleted Address
active St.
Josefen-Strasse 20, 9000 St. Gallen, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2,000,000, paidup CHF 2,000,000
Entry Deleted Capital Structure
22.11.2011 2,000
Registered shares of CHF 1,000.--
22.11.2011 2,000 Bearer shares of CHF 1,000.--
Entry Deleted Branches
13.02.2012 Rue de
Galilée 2, 1400 Yverdon-les-Bains/VD, Switzerland/CH
Title Name
President Andreas
Reisse, Origin: Germany, Residential address: Regensburg, Germany, joint
signature of two, Registered since: 13.01.2014
Director Christophe
Baur, Origin: Höfen, Switzerland, Residential address: Gorgier, Switzerland,
joint power of attorney of two, Registered since: 09.01.2012
Director Roland
Bürgi, Origin: Fischingen, Switzerland, Residential address: 8636 Wald/ZH,
Switzerland, joint signature of two, Registered since: 11.09.2007
Title Name
Member with procuration Frank
Bellemans, Origin: Belgium, Residential address: Wolfhalden, Switzerland, joint
power of attorney of two, Registered since: 13.01.2014
Member with procuration Thomas
Falk, Origin: St. Gallen, Switzerland, Residential address: St. Margrethen,
Switzerland, joint power of attorney of two, Registered since: 09.01.2012
Member with procuration Gottfried
Geiger, Origin: Germany, Residential address: Rorschacherberg, Switzerland,
joint power of attorney of two, Registered since: 31.01.2014
Member with procuration Jörg
Geiger, Origin: Germany, Residential address: Wallbach, Switzerland, joint
power of attorney of two, Registered since: 30.04.2013
Member with procuration Christian
Kehl, Origin: Balgach, Switzerland, Residential address: Widnau, Switzerland,
joint power of attorney of two, Registered since: 10.10.2011
Member with procuration Jörg
Kleinschmidt, Origin: Germany, Residential address: St. Gallen, Switzerland,
joint power of attorney of two, Registered since: 31.01.2014
Member with procuration Christophe
Muguet, Origin: France, Residential address: St. Gallen, Switzerland, joint
power of attorney of two, Registered since: 23.07.2012
Member with procuration Louis
Pache, Origin: Epalinges, Switzerland, Residential address: Cheseaux-Noréaz,
Switzerland, joint power of attorney of two, Registered since: 30.04.2013
Member with procuration Helge
Perkampus, Origin: Germany, Residential address: Herisau, Switzerland, joint
power of attorney of two, Registered since: 10.10.2011
Member with procuration Jens
Pralle, Origin: Germany, Residential address: Zihlschlacht
(Zihlschlacht-Sitterdorf), Switzerland, joint power of attorney of two,
Registered since: 30.04.2013
Member with procuration Stefan
Rhyner, Origin: Glarus Nord, Switzerland, Residential address: Wilen bei Wil
(Wilen)/TG, Switzerland, joint power of attorney of two, Registered since:
10.10.2011
Member with procuration Carine
Tarchini, Origin: Croglio und Teufen AR, Switzerland, Residential address:
Bussigny-près-Lausanne, Switzerland, joint power of attorney of two, Registered
since: 09.01.2012
Title Name
Auditor Ernst
& Young AG, Residential address: St. Gallen, Switzerland, Id:
CHE-327.393.030, Registered since: 10.05.2013
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011
Number of months: 12 12
Currency: mil.
EUR mil. EUR
Operating revenue 2,008.7 2,121.3
Capital 150.0 150.0
Total shareholders
equity 507.0 900.3
Total assets 2,456.6 2,831.5
Research and
Development 77.7 80.9
Employees at year end 16,698 17,356
Name: Schott
AG
City/Country: Mainz,
Germany/DE
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Schott
AG
City/Country: Mainz,
Germany/DE
Interest: 100,00%
voting right, 100,00% capital interest (since 1998)
Class: 100%
Type: direct,
Group-Level 2
Name: SCHOTT
forma vitrum holding ag
City/Country: St.
Gallen/SG, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1989)
Name: forma
vitrum de México SA de CV
City/Country: Cordoba,
Mexico/MX
Name: forma
vitrum kft
City/Country: Lukacshaza/Paskert,
Hungary/HU
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.33 |
|
|
1 |
Rs. 103.43 |
|
Euro |
1 |
Rs. 81.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.