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Report No. : |
316796 |
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Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
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Name : |
FIRMENICH TRADING CORPORATION |
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Registered Office : |
Route Des Jeunes 1, 1227 Acacias/GE |
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Country : |
Switzerland |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
17.06.1964 |
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Com. Reg. No.: |
660.0.106.964-8 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business activities include financial management, acquisitions and
disposals of investments in existing companies for the corporate group. The
company is engaged in the creation, development and manufacture of perfumes,
body care products and oral hygiene. |
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No. of Employees : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
FIRMENICH TRADING CORPORATION
Route des Jeunes 1 Postadresse:
1227 Acacias/GE Case
postale 239
Switzerland/CH 1211
Genève 8/GE
Switzerland/CH
Telephone: 022
7802211
Fax: 022
3437322
Web
site: http://www.firmenich.com
E-mail: info@firmenich.com
WIN
Worldbox No.: CH0000052615
VAT-No.: CHE-489.744.624 MWST
UID-No.: CHE102902641
Established: 1964
Line
of Business: Financial services
Industry
Division: Services
Industry-code (NACE): 6499 Other financial service activities, except
insurance and pension funding n.e.c.
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 1-9
The business activities include financial
management, acquisitions and disposals of investments in existing companies for
the corporate group. The company is engaged in the creation, development and
manufacture of perfumes, body care products and oral hygiene. Customers are
well known branded worldwide.
Real
Estate: The company does
not appear to own any property.
Company
No: 660.0.106.964-8
UID-No.: CHE102902641
Legal
form: Company limited by
shares
Registration: 17.06.1964
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
28.06.1994
Date of
Statutes: 26.02.2008
Date of
Statutes: 30.10.1997
Entry Deleted Name
active Firmenich
Trading Corporation
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
24.02.1998 route
des Jeunes 1, 1200 Genève, Switzerland/CH
24.02.1998 Cours des Bastions 4, Genève, Switzerland/CH
Entry Deleted Capital
03.11.1997 Share
Capital CHF 12,500,000, paidup CHF 12,500,000
Entry Deleted Capital Structure
03.11.1997 12,500
Bearer shares of CHF 1,000.--
Title Name
President Gilbert
Ghostine
Citizen:
Lebanon
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 21.01.2015
Company
Secretary Dominique
Graz
Citizen:
Curtilles, Switzerland
Residential
address: La Tour-de-Peilz, Switzerland
Born:
05.02.1961
joint
signature of two
Registered
since: 24.02.1998
Director Eric
Nicolas
Citizen:
France
Residential
address: Chaville, France
joint
signature of two
Registered
since: 03.02.2011
Title Name
Member
with procuration Michel Merkt
Citizen:
La Chaux-de-Fonds, Switzerland
Residential
address: Genthod, Switzerland
Born:
19.08.1964
joint
signature of two
Registered
since: 16.11.2007
Title Name
Auditor KPMG SA
Residential
address: Genève, Switzerland
Id:
CH-660-0466992-4
Registered
since: 30.11.2010
Name: Firmenich
International SA
City/Country: Carouge/GE, Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 30.06.2014 30.06.2013 30.06.2012 30.06.2011 30.06.2010
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 2,952,000.0 2,890,000.0 2,636,000.0 2,782,000.0 2,873,000.0
Capital 40,500.0 40,500.0 40,500.0 40,500.0 40,500.0
Sales per Employee 469.0 445.0 406.0 464.0 479.0
Employees at year end 6,300 6,500 6,500 6,000 6,000
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Firmenich
International SA
City/Country: Carouge/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Firmenich & CIA
Ltda
City/Country: Cotia/Sao Paolo, Brazil/BR
Name: Firmenich & Cie
SAS
City/Country: Neuilly-sur-Seine Cedex,
France/FR
Name: Firmenich Aromatics
(China) Co., Ltd.
City/Country: Shanghai City, China/CN
Name: Firmenich Asia Private
Limited
City/Country: Singapore, Singapore/SG
Name: Firmenich BELGIUM SA
City/Country: Louvain-La-Neuve, Belgium/BE
Name: Firmenich Bjorge
Biomarin AS
City/Country: Ellingsoy/Aalesund, Norway/NO
Name: Firmenich Co. Ltd
City/Country: Seoul, South Korea/KR
Name: Firmenich de Mexico SA
de CV
City/Country: México, Mexico/MX
Name: Firmenich Denmark ApS
City/Country: Braband, Denmark/DK
Name: Firmenich DIS TIC Ltd
City/Country: Fulya/Istanbul, Turkey/TR
Name: Firmenich FZ-LLC
City/Country: Dubai, United Arab Emirates/AE
Name: Firmenich Gesellschaft
mit beschränkter Haftung
City/Country: Kerpen, Germany/DE
Name: Firmenich Grasse SAS
City/Country: Grasse, France/FR
Name: Firmenich Incorporated
City/Country: Princeton/New Jersey, United
States of America/US
Name: Firmenich Limited
City/Country: Balgowlah/NSW, Australia/AU
Name: Firmenich OOO
City/Country: Moscow, Russia/RU
Name: Firmenich
(Philippines) Inc
City/Country: Makati City/Metro Manila,
Philippines/PH
Name: Firmenich Productions
SAS
City/Country: Castets, France/FR
Name: Firmenich (PTY) Ltd
City/Country: Midrand, South Africa/ZA
Name: Firmenich SA
City/Country: Santafé de Bogota, Colombia/CO
Name: Firmenich SA
City/Country: Carouge/GE, Switzerland/CH
Name: Firmenich SA
City/Country: Barcelona, Spain/ES
Name: Firmenich SAIC
City/Country: Don Torcuato/Pcia de Buenos
Aires, Argentina/AR
Name: Firmenich SpA
City/Country: Milano, Italy/IT
Name: Firmenich Spzoo
City/Country: Grodzisk Mazowiecki, Poland/PL
Name: Firmenich Sweden AB
City/Country: Svedala, Sweden/SE
Name: Firmenich UK Limited
City/Country: Thirsk/North Yorkshire, United
Kingdom/GB
Name: Firmenich Vietnam LLC
City/Country: Ho Chi Minh City, Vietnam/VN
Name: Firmenich
Wellingborough (UK) Ltd.
City/Country: Wellingborough/Northamptonshire,
United Kingdom/GB
Name: Fragar (America) SA
City/Country: Carouge/GE, Switzerland/CH
Name: Fragar (Europe) SA
City/Country: Carouge/GE, Switzerland/CH
Name: Fragar Trading SA
City/Country: Carouge/GE, Switzerland/CH
Name: Kunming Firmenich
Aromatics Co Ltd
City/Country: Kunming, China/CN
Name: Nihon Firmenich KK
City/Country: Tokyo, Japan/JP
Name: PT Firmenich Indonesia
City/Country: Jakarta, Indonesia/ID
Name: Zi-Techasia Solutions
Ltd
City/Country: Bangkok, Thailand/TH
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
The company is not listed in the World
Compliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
Note: The VAT number -
CHE-489.744.624 MWST - is the Group VAT number.
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.62.26 |
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|
1 |
Rs.92.49 |
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Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.