|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA-ALDRICH INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Wassergasse 7, 9000 St. Gallen/SG, CH |
|
|
|
|
Country : |
Switzerland |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
1950 |
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|
|
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Com. Reg. No.: |
320.4.047.326-2 / 501856 |
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Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
The business activities includes sales of chemical and pharmaceutical
products and laboratory equipment |
|
|
|
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No of Employees : |
35 |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
SIGMA-ALDRICH
INTERNATIONAL GMBH
Operating address:
Wassergasse 7
9000 St. Gallen/SG
Switzerland/CH
Telephone: 071
2428000
Fax: 071
2428080
Web site: http://www.sigmaaldrich.com
E-mail: stgallen@sial.com
VAT-No.: CHE105315977
Established: 1950
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Import, Export
Quality certification: ISO 9001:2008 (since 2012)
Banks: CS Credit Suisse
UBS Ltd
Coverage: Company
Figures: approximately
Financial year: 2014
Employees: 35
The business activities includes sales of chemical and pharmaceutical
products and laboratory equipment of the Sigma Group.
Information on property ownership was not available.
Company No: 320.4.047.326-2 / 501856
Legal form: Limited Liability Company
Registration: 21.12.1999
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date of Statutes: 11.02.2013
Date of Statutes: 04.10.2012
Date of Statutes: 13.12.2011
Date of Statutes: 15.09.2010
Date of Statutes: 16.06.2005
Date of Statutes: 17.02.2000
Date of Incorporation Statutes: 17.12.1999
Entry Deleted Name
28.12.2011 Sigma-Aldrich
International GmbH
28.12.2011 Sigma-Aldrich
International LLC (Name translated)
28.12.2011 Sigma-Aldrich
International Sàrl (Name translated)
22.06.2005 28.12.2011 Sigma-Aldrich Chemie GmbH
22.06.2005 28.12.2011 Sigma-Aldrich Chimie Sàrl (Name translated)
22.06.2005 28.12.2011 Sigma-Aldrich Chemical LLC (Name translated)
21.12.1999 22.06.2005 Fluka Chemie GmbH
21.12.1999 22.06.2005 Fluka Chemie LLC (Name translated)
21.12.1999 22.06.2005 Fluka Chemie Sàrl (Name translated)
Entry Deleted Legal domicile
28.12.2011 St.
Gallen, Switzerland
21.12.1999 28.12.2011 Buchs (SG), Switzerland
Entry Deleted Address
28.12.2011 Wassergasse
7, 9000 St. Gallen/SG, Switzerland/CH
21.12.1999 28.12.2011 Industriestrasse 25, 9470 Buchs/SG,
Switzerland/CH
Entry Deleted Capital
21.02.2013 LLC
Capital CHF 2,259,200
21.12.1999 21.02.2013 LLC Capital CHF 2,000,000
Entry Deleted Capital Structure
21.02.2013 22,592
Participation shares of CHF 100.--
08.10.2012 21.02.2013 20,000 Participation shares of CHF 100.--
22.06.2005 08.10.2012 1 Participation shares of CHF 2,000,000.--
Entry Deleted Branches
26.01.2012 Wassergasse 7, 9000 St. Gallen/SG,
Switzerland/CH
Title Name
General
Manager Dr. Dieter
Hofner, Origin: Dörflingen, Thayngen, Switzerland, Residential address: 9472
Grabs/SG, Switzerland, single signature
General
Manager Lutz
Schraishuhn, Origin: Germany, Residential address: St. Gallen, Switzerland,
single signature, Registered since: 18.12.2013
Chairman
of the management Gerrit van den
Dool, Origin: Netherlands, Residential address: St. Gallen, Switzerland, single
signature, Registered since: 18.12.2013
Title Name
Auditor KPMG AG, Residential
address: St. Gallen, Switzerland, Id: CH-320.9.034.266-2, Registered since:
04.02.2010
Title Name
Chief
Executive Officer Gerrit van
den Dool
Chief
Business Segment Officer Dr. Dieter
Hofner
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP
Balance Sheet
Intangible fixed
assets 946.0 973.0 625.0 582.0 530.0
Tangible fixed
assets 806.0 829.0 763.0 732.0 708.9
other fixed assets 132.0 89.0 100.0 98.0 91.4
Fixed assets 1,884.0 1,891.0 1,488.0 1,412.0 1,330.3
Stocks 699.0 722.0 668.0 607.0 609.0
Trade accounts
receivable 382.0 356.0 319.0 287.0 285.0
Liquid assets 722.0 724.0 665.0 569.0 372.4
other trade
accounts 96.0 98.0 141.0 139.0 116.7
Accruals 22.0 29.0
Other current
assets 840.0 851.0 806.0 708.0 489.1
Current assets 1,921.0 1,929.0 1,793.0 1,602.0 1,383.1
Total assets 3,805.0 3,820.0 3,281.0 3,014.0 2,713.4
Capital 524.0 478.0 427.0 396.0 -1,628.4
Other shareholders
funds 2,371.0 2,068.0 1,772.0 1,580.0 3,314.0
Total shareholders equity 2,895.0 2,546.0 2,199.0 1,976.0 1,685.6
long term debt
(financial debts) 300.0 300.0 300.0 300.0 100.0
Provisions 73.0
Other non current
liabilities 154.0 273.0 244.0 208.0 185.9
Non current
liabilities 527.0 573.0 544.0 508.0 285.9
short term debt
(financial debts) 65.0 383.0 221.0 239.0 100.0
Trade accounts
payable 152.0 160.0 143.0 121.0 112.4
Accruals 63.0 61.0
other accounts
payable 103.0 97.0 174.0 170.0 529.5
other current
liabilities 166.0 158.0 174.0 170.0 529.5
Current liabilities 383.0 701.0 538.0 530.0 741.9
Shareh. equity, min. interests + liabilities 3,805.0 3,820.0 3,281.0 3,014.0 2,713.4
Profit and loss
account
Sales 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Net sales 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Operating revenue 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Cost of goods sold 1,343.0 1,276.0 1,181.0 1,075.0 1,057.7
Gross profit 1,361.0 1,347.0 1,324.0 1,196.0 1,089.9
Other operating
expenses 700.0 688.0 677.0 645.0 590.3
Operating result 661.0 659.0 647.0 551.0 499.6
other financial
revenues 51.0 39.0
Financial income 51.0 39.0 0.0 0.0 0.0
Interest expenses 4.0 4.0 7.0 7.0 10.0
Financial expenses 4.0 4.0 7.0 7.0 10.0
Financial result 47.0 35.0 -7.0 -7.0 -10.0
Result before extraordinary items 708.0 694.0 640.0 544.0 489.6
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before taxes 708.0 694.0 640.0 544.0 489.6
Taxes 166.0 195.0 183.0 160.0 142.9
Result before
minority interests 542.0 499.0 457.0 384.0 346.7
Result for the financial year 542.0 499.0 457.0 384.0 346.7
Cash flow
Depreciation 138.0 136.0 106.0 93.0 92.4
Cash flow 680.0 635.0 563.0 477.0 439.1
Cash flow from
operating activities 641.0 567.0 495.0 523.0 515.7
Investments in
tangible fixed assets 100.0 114.0 104.0 99.0 -119.9
Cash flow from
investing activities -108.0 -511.0 -191.0 -182.0 -159.5
Cash flow from
financing activities -533.0 -6.0 -200.0 -161.0 -250.3
Others -2.0 9.0 -8.0 16.0 14.8
Change in
liquidity -2.0 59.0 96.0 196.0 120.7
Liquidity at
beginning of the year 724.0 665.0 569.0 373.0 251.8
Liquidity at end
ot the year 722.0 724.0 665.0 569.0 372.5
Notes
Research and
Development 66.0 69.0 72.0 66.0 63.0
Added value 850.0 834.0 753.0 644.0 592.0
Working Capital 929.0 918.0 844.0 773.0 781.6
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Gross cost land
and buildings 910.0 961.0 935.0 804.0 851.6
Gross cost other
tangible fixed assets 1,188.0 1,050.0 888.0 934.0 800.2
Gross cost total 2,098.0 2,011.0 1,823.0 1,738.0 1,651.8
Employees at year end 9,000 9,000 8,300 7,890 7,740
Employees inland 4,400 4,070
Employees abroad 4,600 3,820
Name: Sigma
Aldrich Corporation
City/Country: St. Louis/Missouri, United States of America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Sigma Aldrich Corporation
City/Country: St. Louis/Missouri, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 21.12.1999)
Class: 100%
Type: direct
Name: Sigma-Aldrich
(Switzerland) Holding AG
City/Country: Buchs/SG, Switzerland/CH
Capital
share: CHF 2,259,200.--
Interest: 100,00% voting right,
100,00% capital interest (since 21.12.1999)
Class: 100%
Name: Sigma-Aldrich Chemie
GmbH
City/Country: Buchs/SG, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 20.06.2012)
Control date Year No. Amount CHF Status
21.06.2013 2013 0
21.06.2013 2012 0
21.06.2013 2011 0
21.06.2013 2010 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 considered to be very good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.