|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
REISMÜHLE BRUNNEN (DIVISION DER COOP) |
|
|
|
|
Registered Office : |
Industriestrasse 1 6440 Brunnen/SZ |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1956 |
|
|
|
|
Legal Form : |
Branch of domestic company |
|
|
|
|
Line of Business : |
Manufacture of grain mill products |
|
|
|
|
No. of Employees |
10-19 |
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 |
REISMÜHLE BRUNNEN
(DIVISION DER COOP)
Industriestrasse 1
6440 Brunnen/SZ
Switzerland/CH
Telephone: 041
8253000
Fax: 041
8253009
Web
site: http://www.reismuehle.ch
E-mail: info@reismuehle.ch
WIN
Worldbox No.: CH0000029441
Established: 1956
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1061 Manufacture of grain mill products
Import/Export: Import, Export
Quality
certification: ISO 9001:2000 (since
2003)
SA 8000
(since 2003)
ISO 14001
(since 2005)
Banks: Bank Coop Ltd
Coverage: Company
Employees: 10-19
Sales: CHF 10-20 Mio
The business activities includes the import,
refining and sale of rice. The production volume per year is 10,000 tons.
Labels: Bio, Fairtrade (FLO CERT 1750),
Naturland, Kosher, Halal.
Information on property ownership was not
available.
Registration: The company is not recorded in
the Company Register.
Legal
form: Branch of
domestic company
Legal
status: active
Title Name
Chief
Executive Officer Karl Haf
(karl.haf@reismuehle.ch)
Chief
Operating Officer Othmar
Steiner (othmar.steiner@reismuehle.ch)
Chief
Production Officer Gerhard
Marty (gerhard.marty@reismuehle.ch )
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012
Number of months: 12
Currency: th.
EUR
Operating revenue 16,000.0
Sales per Employee 889.0
Employees at year end 18
Employees inland 18
Employees abroad 0
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.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
Intangible fixed
assets 1,228.0 1,463.0 1,633.0 1,101.0 1,517.0
Land and buildings 8,564.0 8,333.0 8,330.0 6,191.0 6,325.0
Other tangible
fixed assets 1,395.0 1,494.0 1,553.0 1,285.0 1,340.0
Tangible fixed
assets 9,959.0 9,827.0 9,883.0 7,476.0 7,665.0
Financial fixed
assets 304.0 311.0 261.0 1,170.0 1,271.0
Fixed assets 11,491.0 11,601.0 11,777.0 9,747.0 10,453.0
Stocks 2,718.0 2,622.0 2,581.0 1,942.0 1,872.0
Trade accounts
receivable 909.0 938.0 951.0 552.0 525.0
Liquid assets 1,513.0 929.0 442.0 1,762.0 497.0
Securities 23.0 89.0 130.0 110.0 83.0
other trade
accounts 323.0 367.0 282.0 217.0 235.0
Accruals 340.0 334.0 329.0 294.0 309.0
Other current
assets 2,199.0 1,719.0 1,183.0 2,383.0 1,124.0
Current assets 5,826.0 5,279.0 4,715.0 4,877.0 3,521.0
Total assets 17,317.0 16,880.0 16,492.0 14,624.0 13,974.0
Other shareholders
funds 7,347.0 6,892.0 6,436.0 6,080.0 5,773.0
Total shareholders
equity 7,347.0 6,892.0 6,436.0 6,080.0 5,773.0
Minority interests 390.0 370.0 350.0 331.0 326.0
long term debt
(financial debts) 3,397.0 3,685.0 3,551.0 3,681.0 3,128.0
Provisions 1,043.0 1,084.0 1,022.0 1,078.0 1,107.0
Non current
liabilities 4,440.0 4,769.0 4,573.0 4,759.0 4,235.0
short term debt
(financial debts) 1,443.0 1,187.0 1,529.0 1,005.0 1,294.0
Trade accounts
payable 1,977.0 2,242.0 2,224.0 1,326.0 1,124.0
Provisions 364.0 313.0 304.0 140.0 153.0
Accruals 970.0 628.0 598.0 562.0 615.0
other accounts
payable 386.0 479.0 478.0 421.0 454.0
other current
liabilities 1,720.0 1,420.0 1,380.0 1,123.0 1,222.0
Current liabilities 5,140.0 4,849.0 5,133.0 3,454.0 3,640.0
Shareh. equity,
min. interests + liabilities 17,317.0 16,880.0 16,492.0 14,624.0 13,974.0
Net sales 26,967.0 26,731.0 26,640.0 18,965.0 18,717.0
Other operating
revenue 1,020.0 1,003.0 975.0 788.0 697.0
Operating revenue 27,987.0 27,734.0 27,615.0 19,753.0 19,414.0
Cost of goods sold 19,197.0 18,980.0 18,941.0 12,480.0 12,286.0
Gross profit 8,790.0 8,754.0 8,674.0 7,273.0 7,128.0
Other operating
expenses 7,993.0 8,019.0 7,963.0 6,563.0 6,514.0
Operating result 797.0 735.0 711.0 710.0 614.0
Interest revenues 13.0 14.0 17.0 29.0 40.0
other financial
revenues 20.0 55.0 131.0 52.0 228.0
Financial income 33.0 69.0 148.0 81.0 268.0
Interest expenses 114.0 116.0 140.0 123.0 134.0
other financial expenses 8.0 9.0 94.0 15.0 197.0
Financial expenses 122.0 125.0 234.0 138.0 331.0
Financial result -89.0 -56.0 -86.0 -57.0 -63.0
Result before
extraordinary items 708.0 679.0 625.0 653.0 551.0
Extraordinary
income 0.0 0.0 0.0 40.0 90.0
Extraordinary
expenses 0.0 0.0 0.0 16.0 24.0
Extraordinary
Result 0.0 0.0 0.0 24.0 66.0
Result before
taxes 708.0 679.0 625.0 677.0 617.0
Taxes 160.0 148.0 122.0 144.0 134.0
Result before
minority interests 548.0 531.0 503.0 533.0 483.0
minority interests 86.0 79.0 71.0 63.0 53.0
Result for the
financial year 462.0 452.0 432.0 470.0 430.0
Depreciation 1,177.0 1,193.0 881.0 742.0 1,146.0
Cash flow 1,725.0 1,724.0 1,384.0 1,275.0 1,621.0
Cash flow from
operating activities 1,667.0 1,711.0 1,761.0 1,709.0 1,626.0
Investments in
tangible fixed assets 989.0 854.0 1,399.0 286.0 290.0
Cash flow from
investing activities -965.0 -950.0 -3,116.0 -653.0 -2,055.0
Cash flow from
financing activities -116.0 -275.0 40.0 211.0 350.0
Others -2.0 2.0 -5.0 -2.0 0.0
Change in
liquidity 584.0 488.0 -1,320.0 1,265.0 -79.0
Liquidity at
beginning of the year 929.0 442.0 1,762.0 497.0 576.0
Liquidity at end
ot the year 1,513.0 930.0 442.0 1,762.0 497.0
Material costs 19,197.0 18,980.0 18,941.0 12,480.0 12,286.0
Cost of employees 4,028.0 4,009.0 3,998.0 3,141.0 3,175.0
Added value 6,027.0 5,997.0 5,644.0 4,683.0 5,065.0
Working Capital 1,650.0 1,318.0 1,308.0 1,168.0 1,273.0
Sales per Employee 0.4 0.4 0.4 0.4 0.4
Gross cost land
and buildings 14,396.0 13,843.0 13,344.0 10,422.0 10,297.0
Gross cost other
tangible fixed assets 4,564.0 4,381.0 4,190.0 3,482.0 3,312.0
Gross cost total 18,960.0 18,224.0 17,534.0 13,904.0 13,609.0
Insurance value
total 17,274.0 17,629.0 16,788.0 13,289.0 13,080.0
Employees at year end 74,955 75,309 75,296 53,559 52,974
Full time units at
year end 64,399 64,416 64,507 43,925 44,154
Employees inland 74,955 75,309 75,296 53,559 52,974
Employees abroad 0 0 0 0 0
Offices 2,022 2,017 1,991 1,915 1,864
Offices inland 2,022 2,017 1,991 1,915 1,864
Offices abroad 0 0 0 0 0
Name: Coop-Gruppe
Genossenschaft
City/Country: Basel/BS, Switzerland/CH
WIN: CH0000022042
Name: Coop-Gruppe
Genossenschaft
City/Country: Basel/BS, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
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
Situation: The financial situation
is considered to be good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.42 |
|
|
1 |
Rs.97.24 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.