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Report No. : |
318992 |
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Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
RISERIA TAVERNE SA |
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Registered Office : |
Via Ponte Vecchio 6807 Taverne/TI |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
08.05.1957 |
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Com. Reg. No.: |
514.3.001.613-6 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of grain mill products |
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No of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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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 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SWITZERLAND ECONOMIC OVERVIEW
Surrounded by South Africa, except for a short border with Mozambique, Swaziland depends heavily on South Africa from which it receives more than 90% of its imports and to which it sends 60% of its exports. Swaziland's currency is pegged to the South African rand, effectively subsuming Swaziland's monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union (SACU), and worker remittances from South Africa supplement domestically earned income. Swaziland’s GDP per capita makes it a lower middle income country but its income distribution is highly skewed, with an estimated 20% of the population controlling 80% of the nation’s wealth. Subsistence agriculture employs approximately 70% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp were major foreign exchange earners; however, the wood pulp producer closed in January 2010, and sugar is now the main export earner. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and floods persist as problems for the future. On 1 January 2015, Swaziland lost its eligibility for benefits under the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000 jobs in the textile and apparel sector; approximately 2,000 jobs were lost in 2014 in anticipation of the impending loss of AGOA benefits. As of 2013 more than one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the world’s highest HIV prevalence rate.
|
Source
: CIA |
Riseria Taverne SA
Via Ponte Vecchio
6807 Taverne/TI
Switzerland/CH
Telephone: 091
9357300
Fax: 091
9357303
Web
site: http://www.riseria.ch
E-mail: info@riseria.ch
WIN
Worldbox No.: CH0000029659
VAT-No.: CHE-101.406.262 MWST
UID-No.: CHE101406262
Established: 1905
History: 1957: Limited company
1905: Established from Fam. Curti
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1061 Manufacture of grain mill products
Import/Export: Export
Export
sales: 1,7%
Quality
certification: ISO 9001:2008 (since
2002)
Banks: Migros Bank
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 25
Sales: CHF 20-40 Mio
The business activities includes services in
the food production such as processing of semi-paddy to rice and refined
production process of the market-products. The rice is with two processing
lines that can process up to 3.5 tonnes of brown rice per hour. The white line
(Italian and Asian varieties) and the yellow line (Paraboiled varieties). The
products are sold in the retail, wholesale and online shops.
Information on property ownership was not
available.
Company
No: 514.3.001.613-6
UID-No.: CHE101406262
Legal
form: Company limited by
shares
Registration: 08.05.1957
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
21.07.1993
Date of
Statutes: 16.10.1980
Date of
Incorporation Statutes: 29.04.1957
Entry Deleted Name
active Riseria
Taverne SA
Entry Deleted Legal domicile
active Torricella-Taverne,
Switzerland
Entry Deleted Address
active 6807
Taverne-Torricella, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 100
Bearer shares of CHF 1,000.--
Title Name
President Hans-Ruedi
Christen
Citizen:
Wynigen, Switzerland
Residential
address: Solothurn, Switzerland
joint
signature of two
Registered
since: 13.03.2012
President Martin
Häuptli
joint
signature of two
Director Paola Galli
Citizen:
Balerna, Switzerland
Residential
address: Massagno, Switzerland
without
signature
Registered
since: 23.12.2008
Director Walter
Huber
Citizen:
Zurigo, Switzerland
Residential
address: 6210 Sursee/LU, Switzerland
joint
signature of two
Registered
since: 02.01.2008
Director Hans
Ulrich Siber
Citizen:
Zurigo, Switzerland
Residential
address: Freienbach, Switzerland
without
signature
Registered
since: 28.10.2014
Title Name
Director Daniel
Feldmann
Citizen:
Eriswil, Switzerland
Residential
address: Uesslingen (Uesslingen-Buch), Switzerland
joint
signature of two
Registered
since: 15.10.2013
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zurigo, Switzerland
Id:
CHE-106.839.438
Registered
since: 07.07.2014
Title Name
Chief
Executive Officer Hans-Ruedi
Christen
Chief
Executive Officer Daniel
Feldmann
Chief
Marketing Officer, Chief Sales Officer Sonja
Canonica-Stampanoni (sonia.canonica@riseria.ch)
Chief
Sales Officer Thomas Baumgärtner (thomas.baumgaertner@riseria.ch)
Chief
Development Officer, Chief Quality Assurance Officer Paola Galli
(paola.galli@riseria.ch)
Chief
Purchase Officer Marco
Spinelli (marco.spinelli@riseria.ch)
Name: Migros-Genossenschafts-Bund
City/Country: Zürich/ZH, Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: IAS IAS IAS IAS IAS
Intangible fixed
assets 1,523.0 1,417.4 1,339.3 1,380.9 1,275.2
Land and buildings 6,986.3 6,782.3 6,682.3 6,908.5 6,732.2
Other tangible
fixed assets 5,538.8 5,270.0 5,150.1 5,139.1 5,163.4
Tangible fixed
assets 12,525.1 12,052.3 11,832.4 12,047.6 11,895.6
Financial fixed
assets 1,885.7 1,765.9 2,187.5 2,527.7 3,431.6
other fixed assets 788.7 1,092.1 1,304.0 853.9 839.7
Fixed assets 16,722.5 16,327.7 17,074.8 16,810.1 17,442.1
Stocks 2,482.2 2,365.3 2,200.5 2,162.5 2,042.2
Trade accounts
receivable 37,573.2 36,245.4 34,349.7 31,499.8 29,612.6
Liquid assets 4,349.1 3,683.9 4,350.9 4,569.4 3,125.4
other trade
accounts 206.0 187.1 188.1 139.6 152.2
Other current
assets 4,555.1 3,871.0 4,539.0 4,709.0 3,277.6
Current assets 44,610.5 42,481.7 41,089.2 38,371.3 34,932.4
Total assets 61,333.0 58,809.4 58,164.0 55,181.4 52,374.5
Capital 21.6 21.4 21.2 21.0 20.9
Other shareholders
funds 16,051.4 15,941.9 15,880.7 14,836.8 14,257.6
Total shareholders equity 16,073.0 15,963.3 15,901.9 14,857.8 14,278.5
Minority interests 19.2 5.8 20.4 20.6 15.5
long term debt
(financial debts) 31,519.1 29,764.6 34,796.3 33,480.5 737.1
Provisions 0.0 0.0 66.5 63.7 53.6
Other non current
liabilities 1,358.7 1,490.2 0.0 0.0 1,771.0
Non current liabilities 32,877.8 31,254.8 34,862.8 33,544.2 2,561.7
short term debt
(financial debts) 2,243.4 2,061.8 2,022.5 2,030.6 6,309.3
Trade accounts
payable 1,524.6 1,529.4 1,417.1 1,546.7 25,959.9
Provisions 124.1 128.0 58.6 52.8 58.0
Accruals 367.4 353.1
other accounts
payable 8,470.9 7,866.3 3,513.3 2,775.6 3,191.6
other current
liabilities 8,595.0 7,994.3 3,939.3 3,181.5 3,249.6
Current liabilities 12,363.0 11,585.5 7,378.9 6,758.8 35,518.8
Shareh. equity, min. int. & liabilities 61,333.0 58,809.4 58,164.0 55,181.4 52,374.5
Net sales 26,097.8 25,535.2 23,798.9 23,586.0 23,809.7
Other operating
revenue 1,218.3 1,218.8 1,199.9 1,272.8 270.7
Operating revenue 27,316.1 26,754.0 24,998.8 24,858.8 24,080.4
Cost of goods sold 15,738.1 15,530.9 14,371.4 14,302.5 14,550.7
Gross profit 11,578.0 11,223.1 10,627.4 10,556.3 9,529.7
Other operating
expenses 10,405.8 10,162.2 9,641.8 9,577.3 8,941.6
Operating result 1,172.2 1,060.9 985.6 979.0 588.1
Interest revenues 19.0 40.1 21.9 22.7 852.5
other financial
revenues 26.5 0.4 1.9 -94.8 199.5
Financial income 45.5 40.5 23.8 -72.1 1,052.0
Interest expenses 59.5 75.7 91.8 107.7 457.1
other financial
expenses 7.6 7.8 7.0 64.3
Financial expenses 67.1 75.7 99.6 114.7 521.4
Financial result -21.6 -35.2 -75.8 -186.8 530.6
Result before extraordinary items 1,150.6 1,025.7 909.8 792.2 1,118.7
Extraordinary
income 341.3 3.9
Extraordinary
Result 0.0 0.0 341.3 3.9
Result before taxes 1,150.6 1,025.7 1,251.1 796.1 1,118.7
Taxes 261.2 241.4 255.9 133.7 226.9
Result before
minority interests 889.4 784.3 995.2 662.4 891.8
minority interests 1.7 0.9 0.0 0.0 0.8
Result for the financial year 887.7 783.4 995.2 662.4 891.0
Depreciation 1,196.6 1,222.2 1,191.8 1,137.2 1,139.5
Cash flow 2,086.0 2,006.5 2,187.0 1,799.6 2,031.3
Cash flow from
operating activities 2,290.2 1,224.9 1,267.5 1,126.7 1,999.0
Investments in
tangible fixed assets 1,592.4 1,269.6 1,183.8 1,229.8 1,377.4
Cash flow from
investing activities -1,769.5 -1,012.7 -979.2 -438.9 -1,464.8
Cash flow from
financing activities 142.8 -878.9 -508.9 759.1 -585.8
Others 1.7 -0.3 2.1 -2.9 9.8
Change in
liquidity 665.2 -667.0 -218.5 1,444.0 -41.8
Liquidity at
beginning of the year 3,683.9 4,350.9 4,569.4 3,125.4 3,167.2
Liquidity at end
of the year 4,349.1 3,683.9 4,350.9 4,569.4 3,125.4
Notes
Cost of employees 5,515.4 5,292.5 5,033.3 5,038.5 4,934.9
Added value 7,922.1 7,616.1 7,568.0 7,079.5 7,650.2
Working Capital 38,530.8 37,081.3 35,133.1 32,115.6 5,694.9
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Gross cost land
and buildings 12,049.9 11,636.8 11,269.6 10,908.4 11,050.8
Gross cost other
tangible fixed assets 14,189.4 13,645.7 13,408.6 13,171.1 12,637.7
Gross cost total 26,239.3 25,282.5 24,678.2 24,079.5 23,688.5
Insurance value
land and buildings 11,071.6 10,867.2 10,580.7 13,844.3 13,601.6
Insurance value
other tang. fixed assets 15,201.3 14,969.2 14,399.6 10,448.9 9,629.9
Insurance value
total 26,272.9 25,836.4 24,980.3 24,293.2 23,231.5
Employees average 97,456 94,276 87,461 86,393 83,616
Full time units
average 61,120 61,615
Offices 648 639 631 623 610
Offices inland 648 639 631 623 610
Offices abroad 0 0 0 0 0
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Migros-Genossenschafts-Bund
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level 2
Name: Migros Beteiligungen
AG
City/Country: Rüschlikon/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 2007)
Name: Aproz Sources
Minérales SA
City/Country: Aproz/VS, Switzerland/CH
Name: Bischofszell
Nahrungsmittel AG
City/Country: Bischofszell/TG, Switzerland/CH
Name: Chocolat Frey AG
City/Country: Buchs AG/AG, Switzerland/CH
Name: Delica AG
City/Country: Birsfelden/BL, Switzerland/CH
Name: DEPOT CH AG
City/Country: Winterthur/ZH, Switzerland/CH
Name: Estavayer Lait SA
City/Country: Estavayer-le-Lac/FR,
Switzerland/CH
Name: Ex Libris AG
City/Country: Dietikon/ZH, Switzerland/CH
Name: Hotelplan Holding AG
City/Country: Glattbrugg/ZH, Switzerland/CH
Name: Interio AG
City/Country: Dietikon/ZH, Switzerland/CH
Name: Jowa AG
City/Country: Volketswil/ZH, Switzerland/CH
Name: Liegenschaften-Betrieb
AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Magazine zum Globus AG
City/Country: Spreitenbach/AG, Switzerland/CH
Name: Mibelle AG
City/Country: Buchs/AG, Switzerland/CH
Name: Micarna SA
City/Country: Courtepin/FR, Switzerland/CH
Name: Midor AG
City/Country: Meilen/ZH, Switzerland/CH
Name: Mifa AG Frenkendorf
City/Country: Frenkendorf/BL, Switzerland/CH
Name: Mifroma SA
City/Country: Ursy/FR, Switzerland/CH
Name: Migros Bank AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Migros Deutschland
GmbH
City/Country: Lörrach, Germany/DE
Name: Migros (Hong Kong)
Limited
City/Country: Kowloon Bay/Kowloon, Hong Kong/HK
Name: Office World AG
City/Country: Zürich/ZH, Switzerland/CH
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
21.06.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 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: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.20 |
|
|
1 |
Rs. 97.00 |
|
Euro |
1 |
Rs. 69.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
Report Prepared
by : |
DPT |
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.