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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEXANS SUISSE SA |
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Registered Office : |
Rue de la Fabrique 2 2016 Cortaillod/NE Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
03.01.1996 |
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Com. Reg. No.: |
645.1.001.490-9 /
398217 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of
other electronic and electric wires and cables |
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No. of Employees : |
500 |
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 |
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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 – 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 |
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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 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 |
Nexans Suisse SA
rue de la Fabrique 2 Branch:
2016 Cortaillod/NE Stegackerstr. 6
Switzerland/CH 8409
Winterthur/ZH
Switzerland/CH
Telephone: 032 8435555 052 3688090
Fax: 032 8435443 052 3688099
Web site: http://www.nexans.ch
E-mail: info.swiss@nexans.com
WIN Worldbox No.: CH0000021835
VAT-No.: CHE105947539
Established: 1879
History: 1996: Limited company
Line of Business: Electro technology
Industry Division: Manufacturing
Industry-code (NACE): 2732 Manufacture
of other electronic and electric wires and cables
Import/Export: Export
Quality certification: ISO 9001:2000
ISO 14001:2004
OHSAS 18001:1999
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2014
Employees: 500
Sales: CHF 270,000,000.--
Branches: 3
The company is a manufacturer and supplier of cables, such as power -
cable networks, Telecom cable networks and industrial and Buildings cable in
Switzerland. It maintains three cable produktion facility are, the cables,
accessories and systems for terrestrial and undersea installations as well as
for overhead lines.
Plant Cossonay
Ch. de l’Islettaz–Bâtiment C4–Cossonay-Gare
CH-1305 Penthalaz
TEL +41(0)21 861 8111
FAX +41(0)21 861 8313
Plant Breitenbach
Passwangstrasse 20
CH-4226 Breitenbach
TEL +41(0)61 785 4210
FAX +41(0)61 781 2240
Real Estate: It is understood that the
company has extensive property holdings.
Company No: 645.1.001.490-9 / 398217
Legal form: Company limited by shares
Registration: 03.01.1996
Legal status: active
Responsible Register: Registre du commerce du canton de Neuchâtel
History: Date of Incorporation
Statutes: 28.04.1988
Date of Incorporation Statutes:
13.12.1995
Entry Deleted Name
06.10.2000 Nexans Suisse SA
06.10.2000 Nexans Suisse AG (Name
translated)
06.10.2000 Nexans Suisse Ltd (Name
translated)
10.04.1997 06.10.2000 Alcatel
Cable Suisse SA
10.04.1997 06.10.2000 Alcatel
Kabel Schweiz AG (Name translated)
10.04.1997 06.10.2000 Alcatel
Cable Switzerland Ltd (Name translated)
10.04.1997 06.10.2000 Alcatel
Cavi Svizzera SA (Name translated)
03.01.1996 10.04.1997 Cortaillod
Cossonay Cable SA Cortaillod
Entry Deleted Legal domicile
03.01.1996 Cortaillod, Switzerland
Entry Deleted Address
03.01.1996 rue de la Fabrique 2, 2016
Cortaillod, Switzerland/CH
Entry Deleted Capital
10.04.1997 Share Capital CHF
58,000,000, paidup CHF 58,000,000
Entry Deleted Capital Structure
10.04.1997 58,000 Registered shares of
CHF 1,000.--
Title Name
President Francis
Willy Marcel Krähenbühl , Origin: Trub,
Switzerland, Residential address: Boudry, Switzerland, joint signature of two,
Registered since: 25.11.2009
Company Secretary Philippe Jacopin, Origin:
Planchettes, La Chaux-de-Fonds, Switzerland, Residential address: Colombier/NE,
Switzerland, joint signature of two, Registered since: 03.01.1996
Director Giuseppe
Borrelli, Origin: Italy, Residential address: Paris, France, joint signature of
two, Registered since: 31.01.2012
Director Jean-Michel
Trouvé, Origin: France, Residential address: Paris, France, joint signature of
two, Registered since: 05.09.2013
Title Name
Director Arnaud
Poupart-Lafarge
Deputy Director Pascal Portevin
Vice-Director Christopher Guérin
Vice-Director Dirk Steinbrink
Member with signing authority Patrick Aubry, Origin: La
Chaux-des-Breuleux, Switzerland, Residential address: Cortaillod, Switzerland,
joint signature of two, Registered since: 03.01.1996
Member with signing authority Markus Gasser , Origin: Nunningen,
Switzerland, Residential address: 4234 Zullwil/SO, Switzerland, joint signature
of two, Registered since: 30.04.2010
Member with signing authority René Jean-Marie Meljac, Origin: France,
Residential address: 1400 Yverdon-les-Bains /VD, Switzerland, joint signature
of two, Registered since: 31.10.2008
Member with signing authority Alain Percassi, Origin: Peseux,
Switzerland, Residential address: Peseux, Switzerland, joint signature of two,
Registered since: 23.05.2005
Member with signing authority Patrik Louis Wicht , Origin: Carouge GE,
Switzerland, Residential address: Vufflens-la-Ville, Switzerland, joint
signature of two, Registered since: 09.09.2014
Title Name
Auditor PricewaterhouseCoopers
SA, Residential address: Neuchâtel, Switzerland, Registered since: 14.07.2006
Title Name
Chief Executive Officer Arnaud Poupart-Lafarge
Deputy Chief Executive
Officer Pascal Portevin
Chief Financial Officer Nicolas Badré
Chief Human Resources Officer Anne-Marie Cambourieu
Chief Business Segment
Officer Christopher Guérin
Chief Business Segment
Officer Dirk Steinbrink
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: mil.
EUR mil. EUR mil. EUR mil. EUR mil.
EUR
Remarks: preliminary
Balance Sheet
Intangible fixed assets 747.0 570.0 571.0 524.0 482.0
Other tangible fixed assets 1,117.0 1,040.0
Tangible fixed assets 1,256.0 1,160.0 1,170.0 1,117.0 1,040.0
Financial fixed assets 63.0 51.0 51.0 107.0 131.0
other fixed assets 144.0 134.0 105.0 2.0 4.0
Fixed assets 2,210.0 1,915.0 1,897.0 1,750.0 1,657.0
Stocks 1,125.0 1,051.0 1,059.0 803.0 922.0
Trade accounts receivable 1,170.0 1,305.0
Liquid assets 847.0 859.0 795.0 817.0 398.0
Securities 177.0 346.0
other trade accounts 98.0 85.0
Other current assets 1,092.0 829.0
Current assets 3,644.0 3,629.0 3,616.0 3,065.0 3,056.0
Total assets 5,854.0 5,544.0 5,513.0 4,815.0 4,713.0
Capital 28.0 28.0
Other shareholders funds 1,848.0 1,551.0
Total shareholders equity 1,793.0 1,885.0 2,164.0 1,876.0 1,579.0
Minority interests 50.0 35.0 43.0 42.0 39.0
long term debt (financial debts) 595.0 356.0 354.0 818.0 660.0
Provisions 251.0 545.0 382.0 109.0 70.0
Other non current liabilities 991.0 601.0 609.0 370.0 373.0
Non current liabilities 1,837.0 1,502.0 1,345.0 1,297.0 1,103.0
short term debt (financial debts) 236.0 650.0
Trade accounts payable 845.0 908.0
Provisions 120.0 65.0
other accounts payable 399.0 369.0
other current liabilities 519.0 434.0
Current liabilities 2,174.0 2,122.0 1,961.0 1,600.0 1,992.0
Shareh. equity, min. interests + liabilities 5,854.0 5,544.0 5,513.0 4,815.0 4,713.0
Profit and loss account
Sales 5,045.0 6,499.0
Net sales 4,872.0 6,920.0 6,179.0 5,045.0 6,499.0
Operating revenue 5,045.0 6,499.0
Cost of goods sold 4,293.0 5,846.0
Gross profit 752.0 653.0
Other operating expenses 599.0 443.0
Operating result 163.0 -40.0 198.0 153.0 210.0
Financial income 5.0 18.0
Financial expenses 107.0 97.0
Financial result -102.0 -79.0
Result before extraordinary items 51.0 131.0
Result before taxes 51.0 131.0
Taxes 39.0 45.0
Result before minority interests 12.0 86.0
minority interests 4.0 2.0
Result for the financial year 27.0 -178.0 82.0 8.0 84.0
Name: NEXANS SA
City/Country: PARIS, France/FR
No. of Owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Type: direct, Group-Level 1
Name: NEXANS SA
City/Country: PARIS, France/FR
Interest: 100,00% voting right,
100,00% capital interest (since 2001)
Name: Nexans Inc.
City/Country: New Holland/Pennsylvania, United
States of America/US
It is believed that the company has no investments.
Control
date Year No. Amount
CHF Status
24.09.2014 2014 0
24.09.2014 2013 0
24.09.2014 2012 0
31.12.2011 2011 0
31.12.2011 2010 0
31.12.2011 2009 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.
Debt collection case:
FEB 2013: CHF 377.00.
MAI 2014: CHF 1 264.00, 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 appears to be
good.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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 |
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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 |
|
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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.