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Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SELECTCHEMIE AG |
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Registered Office : |
Etzelstrasse 42, P O Box 779, CH 8038 Zurich |
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Country : |
Switzerland |
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Date of Incorporation : |
06.03.1969 |
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Com. Reg. No.: |
020.3.923.607-4 / 167672 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees : |
120 |
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 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 |
SELECTCHEMIE
AG
Etzelstrasse 42
P.O. Box 772
8038 Zürich/ZH
Switzerland/CH
Telephone: 044
4879611
Fax: 044
4879690
Web
site: http://www.selectchemie.ch
E-mail: info@selectchemie.ch
WIN
Worldbox No.: CH0000030569
VAT-No.: CHE107842851
Established: 1969
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Export
sales: 60,0%
Quality
certification: ISO 9002 (since 1994)
ISO
9001:2000 (since 2003)
Banks: CREDIT SUISSE (4),
Paradeplatz 8, 8070 Zürich, Swift:CRESCHZZ80A
UBS AG,
Paradeplatz 6, 8098 Zürich, Swift: UBSWCHZH80V
Organisation
level: Ultimate Parent
Coverage: Group
Figures: approximately
Employees: 120
Sales: CHF 100-200 Mio
The business activities includes sales of
pharmaceutical raw materials, active ingredients, fine chemicals, cosmetic and
chemical raw materials, additives for food and animal milk.
Information on property ownership was not
available.
Company
No: 020.3.923.607-4 /
167672
Legal
form: Company limited
by shares
Registration: 06.03.1969
Legal
status: active
Responsible
Register: Handelsregister des Kantons Zürich
History: Date of Statutes:
17.07.1985
Date of
Statutes: 22.07.2011
Date of
Statutes: 06.07.2004
Date of
Statutes: 11.12.1995
Entry Deleted Name
active Selectchemie
AG
Entry Deleted Legal domicile
active Zürich,
Switzerland
Entry Deleted Address
active Etzelstrasse
42, 8038 Zürich/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,500,000, paidup CHF 1,500,000
Entry Deleted Capital Structure
06.08.2004 1,500
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
10.01.1996 Herstellung
und Handel mit Chemikalien; kann sich an anderen Gesellschaften beteiligen
sowie Grundeigentum erwerben, belasten und verkaufen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
16.08.2011 Reports:
Die Mitteilungen der Gesellschaft erfolgen durch Veröffentlichung im
Publikationsorgan oder, sofern die Namen und Adressen sämtlicher Aktionäre
bekannt sind und das Gesetz nicht zwingend etwas anderes vorschreibt, durch
Brief oder E-Mail.
10.01.1996 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
05.10.1992 Merger:
Uebernimmt auf dem Wege der Fusion die Seleparekh AG, in Zürich. Aktiven und
Passiven der Seleparekh AG gehen gemäss Fusionsvertrag vom 26.08.1992 und
Fusionsbilanz per 31.12.1991 im Sinne von Art. 748 OR auf die Selectchemie AG
über, die bereits sämtliche Aktien der übernommenen Gesellschaft besitzt. Dabei
erlöschen diese Aktien und das Aktienkapital der übernehmenden Gesellschaft
bleibt unverändert.
10.01.1996 16.08.2011 Reports: Die Mitteilungen der Gesellschaft
erfolgen durch Veröffentlichung im Publikationsorgan oder, sofern die Namen und
Adressen sämtlicher Aktionäre bekannt sind und das Gesetz nicht zwingend etwas
anderes vorschreibt, durch eingeschriebenen Brief.
Title Name
President Dr. Hans
Rudolf Müller, Origin: Zufikon, Schaffhausen, Switzerland, Residential address:
Schaffhausen/SH, Switzerland, joint signature of two
President Dr. Leo
Staub, Origin: Gossau SG, Oberbüren, Switzerland, Residential address:
Gossau/SG, Switzerland, joint signature of two, Registered since: 16.08.2011
Chief
Executive Peter
Kaufmann, Origin: Horw, Switzerland, Residential address: Thalwil, Switzerland,
joint signature of two
Chief
Executive Lukas
Peyer, Origin: Diessenhofen, Switzerland, Residential address: Herrliberg,
Switzerland, joint signature of two
Director Ignatius
Bamert, Origin: Tuggen, Switzerland, Residential address: Lachen, Switzerland,
joint signature of two
Director Patrick
Döös, Origin: Fischbach, Switzerland, Residential address: 6045 Meggen/LU,
Switzerland, joint signature of two, Registered since: 02.11.2009
Director Dr.
Oliver P. Kühn, Origin: Luzern, Switzerland, Residential address: 6362 Stansstad/NW,
Switzerland, joint signature of two, Registered since: 02.11.2009
Title Name
Director Ignatius
Bamert, Origin: Tuggen, Switzerland, Residential address: Lachen, Switzerland,
joint signature of two
Director Jürg Berger,
Origin: Tägerwilen, Switzerland, Residential address: Hedingen, Switzerland,
joint signature of two
Director Peter
Kaufmann, Origin: Horw, Switzerland, Residential address: Thalwil, Switzerland,
joint signature of two
Director Urs
Bernhard Löwenthal, Origin: Zürich, Switzerland, Residential address: 8267
Berlingen/TG, Switzerland, joint signature of two
Director Heinrich
Meier, Origin: Bachenbühlach, Switzerland, Residential address: 8854
Galgenen/SZ, Switzerland, joint signature of two
Member
with procuration Martina
Bereiter Schäffer, Origin: Vilters-Wangs, Switzerland, Residential address:
8000 Zürich/ZH, Switzerland, joint power of attorney of two, Registered since:
28.02.2011
Member
with procuration Lale Cöteli,
Origin: Fällanden, Switzerland, Residential address: Fällanden, Switzerland,
joint power of attorney of two
Member
with procuration Robert
Fricker, Origin: Küsnacht ZH, Switzerland, Residential address: Küsnacht/ZH,
Switzerland, joint power of attorney of two
Member
with procuration Ulrich
Geissmann, Origin: Mandach, Switzerland, Residential address: 5522 Tägerig/AG,
Switzerland, joint power of attorney of two, Registered since: 28.02.2011
Member
with procuration Pedro Manuel
Lorca Bellorti, Origin: Spain, Residential address: Kirchberg/SG, Switzerland,
joint power of attorney of two
Member
with procuration Kaspar
Lüthi, Origin: Bolken, Switzerland, Residential address: Dietikon/ZH,
Switzerland, joint power of attorney of two
Member
with procuration Dr. Beat
Oberholzer, Origin: Zürich, Switzerland, Residential address: 8908 Hedingen/ZH,
Switzerland, joint power of attorney of two, Registered since: 24.03.2009
Member
with procuration Marinus van
Boven, Origin: Netherlands, Spain, Residential address: Barcelona, Spain, joint
power of attorney of two
Member
with procuration Jakob
Wigger, Origin: Malters, Switzerland, Residential address: Steinhausen,
Switzerland, joint power of attorney of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland, Id: CH-020.3.020.876-5
Title Name
Chief
Executive Officer Lukas
Peyer
Chief
Financial Officer Ignatius
Bamert
Owner: The company is
privately owned.
Class: 100%
Name: Selectchemie (China)
Ltd
City/Country: Ningbo, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SELECTCHEMIE FRANCE
City/Country: Paris, France/FR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Selectchemie (Ireland)
Ltd
City/Country: Dublin, Ireland/IE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Selectchemie Italia
Srl
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Selectchemie Ltda
City/Country: Sao Paoulo, Brazil/BR
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No.
06.09.2007 2007 0
06.09.2007 2006 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
is in order.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.