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Report No. : |
319979 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
SELECTCHEMIE AG |
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Registered Office : |
Etzelstrasse 42, Postfach 772, 8038
Zürich/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
06.03.1969 |
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Com. Reg. No.: |
020.3.923.607-4 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Chemical Products. |
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No. of Employees : |
68 |
RATING & COMMENTS
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
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 |
Selectchemie AG
Etzelstrasse 42
Postfach 772
8038 Zürich/ZH
Switzerland/CH
Telephone: 044
4879611
Fax: 044
4879690
Web
site: http://www.selectchemie.ch
E-mail: info@selectchemie.ch
WIN
Worldbox No.: CH0000030569
VAT-No.: CHE-107.842.851 MWST
UID-No.: CHE107842851
Established: 1969
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Export
sales: 60,0%
Quality
certification: ISO 9001:2008
ISO
22000:2005
Banks: CREDIT SUISSE (4),
Paradeplatz 8, 8070 Zürich, Swift:CRESCHZZ80A
UBS AG,
Paradeplatz 6, 8098 Zürich, Swift: UBSWCHZH80V
Organisation
level: Ultimate Parent
Coverage: Group
Figures: estimated
Financial
year: 2015
Employees: 68
Sales: CHF 40-60 Mio
The business activities includes sales of
pharmaceutical raw materials, active ingredients, fine chemicals, cosmetic and
chemical raw materials, additives for food and animal milk.
Information on property ownership was not
available.
Company
No: 020.3.923.607-4
UID-No.: CHE107842851
Legal
form: Company limited by
shares
Registration: 06.03.1969
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
17.07.1985
Date of
Statutes: 22.07.2011
Date of
Statutes: 06.07.2004
Date of
Statutes: 11.12.1995
Entry Deleted Name
active Selectchemie
AG
Entry Deleted Legal domicile
active Zürich,
Switzerland
Entry Deleted Address
active Etzelstrasse
42, 8038 Zürich/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,500,000, paidup CHF 1,500,000
Entry Deleted Capital Structure
06.08.2004 1,500
Registered shares of CHF 1,000.--
Title Name
President Dr. Hans
Rudolf Müller
Citizen:
Zufikon, Schaffhausen, Switzerland
Residential
address: Schaffhausen/SH, Switzerland
joint
signature of two
President Dr. Leo
Staub
Citizen:
Gossau SG, Oberbüren, Switzerland
Residential
address: Gossau/SG, Switzerland
joint
signature of two
Registered
since: 16.08.2011
Chief
Executive Peter
Kaufmann
Citizen:
Horw, Switzerland
Residential
address: Thalwil, Switzerland
joint
signature of two
Chief
Executive Lukas
Peyer
Citizen:
Diessenhofen, Switzerland
Residential
address: Herrliberg, Switzerland
joint
signature of two
Director Ignatius
Bamert
Citizen:
Tuggen, Switzerland
Residential
address: Lachen, Switzerland
joint
signature of two
Director Patrick
Döös
Citizen:
Fischbach, Switzerland
Residential
address: 6045 Meggen/LU, Switzerland
joint
signature of two
Registered
since: 02.11.2009
Director Dr. Oliver
P. Kühn
Citizen:
Luzern, Switzerland
Residential
address: Birsfelden, Switzerland
joint
signature of two
Registered
since: 02.11.2009
Title Name
Director Ignatius
Bamert
Citizen:
Tuggen, Switzerland
Residential
address: Lachen, Switzerland
joint
signature of two
Director Jürg
Berger
Citizen:
Tägerwilen, Switzerland
Residential
address: Hedingen, Switzerland
joint
signature of two
Director Peter
Kaufmann
Citizen:
Horw, Switzerland
Residential
address: Thalwil, Switzerland
joint
signature of two
Director Urs
Bernhard Löwenthal
Citizen:
Zürich, Switzerland
Residential
address: 8267 Berlingen/TG, Switzerland
joint
signature of two
Director Heinrich
Meier
Citizen:
Bachenbühlach, Switzerland
Residential
address: 8854 Galgenen/SZ, Switzerland
joint
signature of two
Member
with signing authority Volker Kneisel
Citizen:
Germany
Residential
address: Himmelried, Switzerland
joint
signature of two
Registered
since: 16.04.2014
Member
with procuration Martina
Bereiter Schäffer
Citizen:
Vilters-Wangs, Switzerland
Residential
address: 8000 Zürich/ZH, Switzerland
joint
power of attorney of two
Registered
since: 28.02.2011
Member
with procuration Lale Cöteli
Citizen:
Fällanden, Switzerland
Residential
address: Fällanden, Switzerland
joint
power of attorney of two
Member
with procuration Ulrich
Geissmann
Citizen:
Mandach, Switzerland
Residential
address: 5522 Tägerig/AG, Switzerland
joint
power of attorney of two
Registered
since: 28.02.2011
Member
with procuration Pedro Manuel
Lorca Bellorti
Citizen:
Spain
Residential
address: Kirchberg/SG, Switzerland
joint
power of attorney of two
Member
with procuration Kaspar Lüthi
Citizen:
Bolken, Switzerland
Residential
address: Dietikon/ZH, Switzerland
joint
power of attorney of two
Member
with procuration Dr. Beat
Oberholzer
Citizen:
Zürich, Switzerland
Residential
address: 8908 Hedingen/ZH, Switzerland
joint
power of attorney of two
Registered
since: 24.03.2009
Member
with procuration Marinus van
Boven
Citizen:
Netherlands
Residential
address: Kilchberg/ZH, Switzerland
joint
power of attorney of two
Member
with procuration Jakob Wigger
Citizen:
Malters, Switzerland
Residential
address: Steinhausen, Switzerland
joint
power of attorney of two
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id:
CH-020.3.020.876-5
Title Name
Chief
Executive Officer Peter
Kaufmann
Chief
Executive Officer Lukas
Peyer
Chief
Financial Officer Ignatius
Bamert
No.
of Owner/-s: 15
Owner: The company is privately
owned.
Class: 100%
Name: Selectchemie (China)
Ltd
City/Country: Ningbo, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SELECTCHEMIE FRANCE
City/Country: Paris, France/FR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Selectchemie Italia
Srl
City/Country: Milano, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Selectchemie Ltda
City/Country: Sao Paoulo, Brazil/BR
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
06.09.2007 2007 0
06.09.2007 2006 0
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.
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: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
|
|
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 |
|
|
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.