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Report No. : |
317969 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
BERNHARD ROTHFOS INTERCAFÉ AG |
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Registered Office : |
Bahnhofstrasse 22, Postfach 1357, 6301 Zug/ZG |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
11.12.1987 |
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Com. Reg. No.: |
170.3.013.202-9 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Coffee, Tea, Cocoa and Spices. |
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No. of Employees : |
25 |
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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
Bernhard Rothfos Intercafé AG
Operating address:
Bahnhofstrasse 22 Postal
address:
Postfach 1357 Postfach
1357
6301 Zug/ZG 6301
Zug/ZG
Switzerland/CH Switzerland/CH
Telephone: 041
7287260
Fax: 041
7287279
Web
site: http://www.bric.ch
E-mail: info@bric.ch
WIN
Worldbox No.: CH0000270455
VAT-No.: CHE-106.223.869 MWST
UID-No.: CHE106223869
Established: 1987
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and spices
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 25
Sales: CHF 20-40 Mio
The business includes international trade in
coffee. The core competencies of the company are trading, logistics, pricing
and quality. The company imports green coffee and instant coffee products and
belongs to the Neumann Group.
Information on property ownership was not
available.
Company
No: 170.3.013.202-9
UID-No.: CHE106223869
Legal
form: Company limited by
shares
Registration: 11.12.1987
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Incorporation
Statutes: 07.12.1987
Date of
Statutes: 10.06.2003
Date of
Statutes: 24.08.1995
Entry Deleted Name
active Bernhard
Rothfos Intercafé AG
active Bernhard
Rothfos Intercafé SA (Name translated)
active Bernhard
Rothfos Intercafé Ltd (Name translated)
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
23.06.1998 Bahnhofstrasse
22, 6301 Zug, Switzerland/CH
23.06.1998 Baarerstrasse 98, 6300 Zug, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 1,000
Bearer shares of CHF 1,000.--
Title Name
President Peter
Sielmann
Citizen:
Germany
Residential
address: Hamburg, Germany
joint
signature of two
Registered
since: 18.03.1998
Director Philippe
Cańadas
Citizen:
Germany
Residential
address: 8802 Kilchberg/ZH, Switzerland
joint
signature of two
Registered
since: 10.10.2007
Director Pablo
Garcia Camacho
Citizen:
Germany
Residential
address: Hamburg , Germany
joint
signature of two
Registered
since: 06.10.2008
Title Name
Director Markus
Schneider
Citizen:
Obersiggenthal, Switzerland
Residential
address: Hünenberg, Switzerland
joint
signature of two
Registered
since: 13.09.2011
Member
with signing authority Robert Riva
Citizen:
Emmen, Switzerland
Residential
address: Luzern, Switzerland
joint
signature of two
Registered
since: 13.01.2006
Title Name
Auditor Ernst
& Young AG
Residential
address: Zug, Switzerland
Registered
since: 03.02.2003
Title Name
Chief
Executive Officer Markus
Schneider
Name: Neumann Gruppe GmbH
City/Country: Hamburg, Germany/DE
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011
Number of months: 12 12
Currency: th.
EUR th. EUR
Statement norm: IAS IAS
Balance Sheet
Intangible fixed
assets 9,495.0 9,332.0
Other tangible
fixed assets 60,888.0 64,229.0
Tangible fixed
assets 60,888.0 64,229.0
Financial fixed
assets 4,768.0 2,589.0
other fixed assets 18,742.0 21,871.0
Fixed assets 93,893.0 98,021.0
Stocks 509,578.0 618,588.0
Trade accounts
receivable 153,589.0 175,020.0
Liquid assets 9,502.0 33,516.0
Securities 110,034.0 67,684.0
other trade
accounts 40,917.0 118,595.0
Other current
assets 160,453.0 219,795.0
Current assets 823,620.0 1,013,403.0
Total assets 917,513.0 1,111,424.0
Capital 30,000.0 30,000.0
Other shareholders
funds 222,071.0 204,265.0
Total shareholders
equity 252,071.0 234,265.0
Minority interests 13,252.0 17,328.0
long term debt
(financial debts) 75,304.0 2,367.0
Provisions 4,512.0 3,123.0
Other non current
liabilities 36,989.0 46,085.0
Non current
liabilities 116,805.0 51,575.0
short term debt
(financial debts) 395,753.0 638,107.0
Trade accounts
payable 66,444.0 65,728.0
Provisions 1,140.0 803.0
other accounts
payable 72,048.0 103,618.0
other current
liabilities 73,188.0 104,421.0
Current
liabilities 535,385.0 808,256.0
Shareh. equity,
min. int. & liabilities 917,513.0 1,111,424.0
Profit and loss account
Net sales 2,299,711.0 2,533,949.0
Other operating
revenue 84,938.0 11,318.0
Operating revenue 2,384,649.0 2,545,267.0
Cost of goods sold 2,223,379.0 2,174,011.0
Gross profit 161,270.0 371,256.0
Other operating
expenses 111,417.0 288,898.0
Operating result 49,853.0 82,358.0
Interest revenues 3,553.0 2,898.0
other financial
revenues 741.0 1,347.0
Financial income 4,294.0 4,245.0
Interest expenses 68.0 456.0
other financial
expenses 22,709.0 27,246.0
Financial expenses 22,777.0 27,702.0
Financial result -18,483.0 -23,457.0
Result before
extraordinary items 31,370.0 58,901.0
Result before
taxes 31,370.0 58,901.0
Taxes 5,018.0 13,303.0
Result before
minority interests 26,352.0 45,598.0
minority interests -2,629.0 -1,359.0
Result for the
financial year 28,981.0 46,957.0
Cash flow
Depreciation 7,620.0 7,626.0
Cash flow 33,972.0 53,224.0
Cash flow from
operating activities 154,089.0 223,840.0
Investments in
tangible fixed assets 6,180.0 8,491.0
Cash flow from
investing activities -8,478.0 2,746.0
Cash flow from
financing activities -169,436.0 -219,387.0
Others -189.0 1,316.0
Change in
liquidity -24,014.0 8,515.0
Liquidity at
beginning of the year 33,516.0 25,001.0
Liquidity at end
of the year 9,502.0 33,516.0
Notes
Material costs 2,221,153.0 2,166,949.0
Cost of employees 61,404.0 59,260.0
Added value 100,462.0 126,243.0
Working Capital 596,723.0 727,880.0
Sales per Employee 1,038.2 1,124.7
Gross cost other
tangible fixed assets 91,581.0 97,609.0
Gross cost total 91,581.0 97,609.0
Employees at year end 2,215 2,253
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Neumann Gruppe GmbH
City/Country: Hamburg, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Name: Rothfos Corporation
City/Country: New York/New York, United States
of America/US
Class: 100%
Name: Haroca Holding GmbH
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 30.05.2003)
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
01.11.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
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
WorldCompliance 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.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.82 |
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|
1 |
Rs.93.85 |
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Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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.