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Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
VESTERGAARD FRANDSEN SA |
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Registered Office : |
Chemin Messidor 5-7 1006 Lausanne/VD |
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Country : |
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Date of Incorporation : |
15.04.2005 |
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Com. Reg. No.: |
550.1.043.742-1 / 789231 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of pharmaceutical goods |
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No. of Employees |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
|
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 |
VESTERGAARD
FRANDSEN SA
Chemin Messidor
5-7
1006 Lausanne/VD
Switzerland/CH
Telephone: 021
3107333
Fax: 021
3107330
Web
site: http://www.vestergaard.com
WIN
Worldbox No.: CH0006656725
VAT-No.: CHE112318745
Established: 2005
Line
of Business: Consumer goods
wholesale, Medical technology
Industry
Division: Wholesale trade,
Manufacturing
Industry-code (NACE): 4646 Wholesale of pharmaceutical goods
3250 Manufacture of medical and dental
instruments and supplies
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 6
Vestergaard is a company headquartered in
Lausanne, Switzerland that manufactures public health tools for people in
developing countries. Originally founded in 1957 as a uniform maker, the
company evolved into a social enterprise making products for humanitarian aid
in the 1990s. It is now best known for inventing the LifeStraw water filter and
the PermaNet mosquito net.
Information on property ownership was not
available.
Company
No: 550.1.043.742-1 /
789231
Legal
form: Company limited
by shares
Registration: 15.04.2005
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
History: Date of Statutes:
21.01.2009
Date of
Statutes: 13.07.2007
Date of
Statutes: 11.06.2007
Date of
Incorporation Statutes: 06.04.2005
Entry Deleted Name
25.07.2007 Vestergaard
Frandsen SA
25.07.2007 Vestergaard
Frandsen Ltd (Name translated)
25.07.2007 Vestergaard
Frandsen AG (Name translated)
14.06.2007 25.07.2007 PHVC Management SA
14.06.2007 25.07.2007 PHVC Management AG (Name translated)
14.06.2007 25.07.2007 PHVC Management Ltd (Name translated)
15.04.2005 14.06.2007 Vestergaard Frandsen SA
Entry Deleted Legal domicile
15.04.2005 Lausanne,
Switzerland
Entry Deleted Address
24.05.2005 Chemin de Messidor 5-7, 1000 Lausanne,
Switzerland/CH
15.04.2005 24.05.2005 c/o Fid & Trust SA, Avenue du Théâtre 7,
1000 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
30.01.2009 Share
Capital CHF 100,000, paidup CHF 100,000
15.04.2005 30.01.2009 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
30.01.2009 10,000,000
Registered shares of CHF 0.01
15.04.2005 30.01.2009 1,000 Registered shares of CHF 100.--
Title Name
President Flemming Jacobs,
Origin: Denmark, Residential address: Cobham, joint signature of two,
Registered since: 05.06.2009
Vice-President William Murray
Burns, Origin: United Kingdom, Residential address: Binningen, Switzerland,
joint signature of two, Registered since: 28.07.2011
Director Julie
Meyer, Origin: United States of America, Residential address: Londres,
Registered since: 15.12.2010
Director Per
Norret, Origin: Denmark, Residential address: Randers, Denmark, joint signature
of two, Registered since: 24.03.2009
Director Torben
Vestergaard Frandsen, Origin: Denmark, Residential address: Kolding , Denmark,
Registered since: 24.03.2009
Title Name
Director Nicolas
Schornoz, Origin: Mouret, Switzerland, Residential address: Lutry, Switzerland,
joint signature of two, Registered since: 15.05.2013
Director Mikkel
Vestergaard Frandsen, Origin: Denmark, Residential address: Lausanne,
Switzerland, joint signature of two, Registered since: 28.07.2011
Title Name
Auditor Deloitte
AG, Residential address: Zurich, Switzerland, Id: CH-020-3908370-9, Registered
since: 30.01.2009
Owner: The company is
privately 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.
At the same sphere of interest is:
Brazil
Vestergaard Frandsen South America
Sao Paulo, SP
Brazil
Tel: +55 11 3205 0097
India
Vestergaard Frandsen (India) Pvt. Ltd
309, Rectangle One,
D-4, Saket (Behind Sheraton Hotel)
New Delhi – 110017
Tel: 011-40553666
Kenya
Vestergaard Frandsen (EA) Limited
ABC Towers, 5th Floor
Waiyaki Way
P.O. Box 66889 - 00800
Nairobi
Tel: +254 20 4444758/9
Fax: +254 20 4444526
USA
Vestergaard Frandsen Inc.
1020 19th Street NW
Washington, DC 20036
Tel: +1 571 527 2180
Fax: +1 703 997 3235
Vietnam
Vestergaard Frandsen Vietnam
9/253 Minh Khai Street
Hai Ba Trung District
Post code: 114034
Hanoi - Vietnam
Tel: +84 4 36369279
Fax: +84 4 36367661
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.78.57 |
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.