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Report No. : |
335692 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
ADM INTERNATIONAL SĀRL |
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Registered Office : |
La Pičce 3, A One Business Center, 1180
Rolle/VD, Switzerland/CH |
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Country : |
Switzerland
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
02.11.2007 |
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Com. Reg. No.: |
550.1.052.134-9 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in trading, buying, selling, importing, exporting agricultural products such as rapeseed, sunflower, palm, wheat, corn, soy and cocoa powder, cocoa butter, cocoa liquor and chocolate. |
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No. of Employees : |
180 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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.
EECGC Country Risk Classification List March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 demand for Swiss exports, and put Switzerland into a recession. During this period the Swiss National Bank (SNB) 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 unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continues to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January of 2015, the SNB abandoned the Swiss francs peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners, including the EU, the US, and international institutions to reform its banking secrecy laws. In response to that international pressure, the Swiss government has agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, while openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
ADM INTERNATIONAL
SĀRL
La Pičce 3
A One Business
Center
1180 Rolle/VD
Switzerland/CH
Telephone: 021
7028000
Fax: 021
7028888
Web
site: http://www.adm.com
E-mail: info@adm.com
WIN
Worldbox No.: CH0007672358
VAT-No.: CHE-113.903.886 MWST
UID-No.: CHE113903886
Established: 2007
History: 01.01.2014: ADM and Toepfer
have combined their ocean freight groups to establish one global entity, called
ADMIntermare: ADMIntermare, a division of ADM International Sārl A One Business
Center La Pičce 3 1180 Rolle Tel. 021 7028000 Fax 021 7028042.
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4621 Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds
4622 Wholesale of flowers and plants
4637 Wholesale of coffee, tea, cocoa and
spices
4639 Non-specialised wholesale of food,
beverages and tobacco
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 180
The business activities includes trading, buying,
selling, importing, exporting agricultural products such as rapeseed,
sunflower, palm, wheat, corn, soy and cocoa powder, cocoa butter, cocoa liquor
and chocolate.
Through its new division ADMIntermare, the
company will maintain a strong global network presence with services provided
by support teams based in Hamburg, as well as in Singapore, São Paulo, Decatur,
and Stamford, Connecticut.
Information on property ownership was not
available.
Company
No: 550.1.052.134-9
UID-No.: CHE113903886
Legal
form: Limited Liability
Company
Registration: 02.11.2007
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
02.10.2013
Date of
Statutes: 01.10.2008
Date of
Statutes: 25.03.2008
Date of
Statutes: 06.12.2007
Date of
Statutes: 19.10.2007
Date of
Incorporation Statutes: 11.10.2007
Entry Deleted Name
02.11.2007 ADM
International Sārl
02.11.2007 ADM
International GmbH (Name translated)
02.11.2007 ADM International
Ltd liab. Co (Name translated)
Entry Deleted Legal domicile
10.12.2007 Rolle,
Switzerland
02.11.2007 10.12.2007 Lausanne, Switzerland
Entry Deleted Address
07.11.2012 La
Pičce 3, A One Business Center, 1180 Rolle/VD, Switzerland/CH
30.10.2012 07.11.2012 Z.A. La Pičce 3, A One Business Center, 1180
Rolle/VD, Switzerland/CH
10.12.2007 30.10.2012 Route de l'Etraz, Zone artisanale Vers La
Pičce, A-One Business Center, 1180 Rolle/VD, Switzerland/CH
02.11.2007 10.12.2007 c/o Lenz & Staehelin, Place Saint-Franįois
2, 1000 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
09.10.2008 LLC
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
09.10.2008 10,000
Participation shares of CHF 100.--
Title Name
President
of the direction Joseph Taets
Citizen:
United States of America
Residential
address: Crans-prčs-Céligny, Switzerland
single
signature
Registered
since: 17.12.2013
General
Manager Orla
Muldoon
Citizen:
Ireland
Residential
address: Lonay, Switzerland
single
signature
Registered
since: 12.03.2014
General
Manager Robert
Nisser Jr
Citizen:
United States of America
Residential
address: Mies, Switzerland
single
signature
Registered
since: 11.02.2014
Member
with procuration Daniela
Bastian
Citizen:
Germany
Residential
address: 1180 Rolle/VD, Switzerland
single
power of attorney
Registered
since: 19.08.2010
Member
with procuration Kevin
Brassington
Citizen:
Canada
Residential
address: Prangins, Switzerland
single
power of attorney
Registered
since: 11.09.2013
Member
with procuration John
Grossmann
Citizen:
Zurich, Switzerland
Residential
address: Genčve , Switzerland
single
power of attorney
Registered
since: 17.12.2013
Member
with procuration Duane Jeffrey
Holz
Citizen:
United States of America
Residential
address: Givrins, Switzerland
single
power of attorney
Registered
since: 22.03.2012
Member
with procuration Hendrik
Antonie Kant
Citizen:
Netherlands
Residential
address: Saint-Oyens , Switzerland
single
power of attorney
Registered
since: 24.12.2008
Member
with procuration Burkhard
Oesting
Citizen:
Germany
Residential
address: Morges, Switzerland
single
power of attorney
Registered
since: 31.01.2008
Member
with procuration Kai-Uwe
Ostheim
Citizen:
Germany
Residential
address: Commugny , Switzerland
single
power of attorney
Registered
since: 28.04.2008
Member
with procuration Ian Pinner
Citizen:
United Kingdom
Residential
address: Prangins, Switzerland
single
power of attorney
Registered
since: 11.11.2014
Member
with procuration Mike Queally
Citizen:
United States of America
Residential
address: Givrins/VD, Switzerland
single
power of attorney
Registered
since: 24.12.2008
Member
with procuration Jarrod Ruiz
Citizen:
United States of America
Residential
address: Mont-sur-Rolle, Switzerland
single
power of attorney
Registered
since: 31.01.2008
Member
with procuration Bryan
Segebart
Citizen:
United States of America
Residential
address: Rolle, Switzerland
single
power of attorney
Registered
since: 29.08.2014
Member
with procuration Maria van
Acht
Citizen:
Netherlands
Residential
address: Mont-sur-Rolle, Switzerland
single
signature
Registered
since: 08.07.2014
Title Name
Auditor Ernst
& Young AG
Residential
address: Zurich, Switzerland
Id:
CH-020-9001069-0
Registered
since: 10.11.2008
Name: Archer Daniels Midland
Co.
City/Country: Decatur/Illinois, United States
of America/US
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 30.06.2012 30.06.2011 30.06.2010
Number of months: 12 6 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
Balance Sheet
Intangible fixed
assets 759.0 759.0 603.0 602.0 523.0
Other tangible
fixed assets 10,137.0 10,123.0
Tangible fixed
assets 10,137.0 10,123.0 9,812.0 9,500.0 8,712.0
Financial fixed
assets 3,848.0 3,887.0 3,650.0 3,906.0 3,477.0
other fixed assets 478.0 605.0 534.0 681.0 702.0
Fixed assets 15,222.0 15,374.0 14,599.0 14,689.0 13,414.0
Stocks 11,441.0 13,836.0 12,192.0 12,055.0 7,871.0
Trade accounts
receivable 3,224.0 3,450.0 9,816.0 6,122.0
Liquid assets 3,121.0 1,714.0 1,291.0 615.0 1,046.0
Securities 4,394.0 4,214.0 4,135.0 2,731.0
other trade
accounts 6,350.0 6,548.0 883.0 624.0
Other current
assets 13,865.0 12,476.0 5,633.0 4,401.0
Current assets 28,530.0 29,762.0 26,954.0 27,504.0 18,394.0
Total assets 43,752.0 45,136.0 41,553.0 42,193.0 31,808.0
Capital 6,136.0 6,134.0 6,636.0 5,151.0
Other shareholders
funds 14,020.0 12,786.0 12,172.0 9,458.0
Total shareholders equity 20,156.0 18,920.0 18,169.0 18,808.0 14,609.0
Minority interests 38.0 211.0 0.0 30.0 22.0
long term debt
(financial debts) 5,347.0 6,456.0 5,464.0 8,266.0 6,830.0
Provisions 0.0
Other non current
liabilities 2,553.0 2,556.0 3,294.0 1,871.0 1,514.0
Non current liabilities 7,900.0 9,012.0 8,758.0 10,137.0 8,344.0
short term debt
(financial debts) 1,523.0 3,084.0 2,053.0 718.0
Trade accounts
payable 4,513.0 4,787.0 7,550.0 5,538.0
Accruals 3,966.0 3,467.0 3,615.0 2,577.0
other accounts
payable 5,656.0 5,655.0
other current
liabilities 9,622.0 9,122.0 3,615.0 2,577.0
Current liabilities 15,658.0 16,993.0 14,626.0 13,218.0 8,833.0
Shareh. equity, min. interests & liabilities 43,752.0 45,136.0 41,553.0 42,193.0 31,808.0
Profit and loss
account
Sales 80,676.0 61,682.0
Net sales 89,804.0 46,729.0 89,038.0 80,676.0 61,682.0
Other operating
revenue 53.0 109.0 130.0
Operating revenue 89,857.0 46,838.0 80,806.0 61,682.0
Cost of goods sold 85,915.0 44,927.0 76,376.0 57,839.0
Gross profit 3,942.0 1,911.0 4,430.0 3,843.0
Other operating
expenses 2,018.0 1,015.0 1,611.0 1,523.0
Operating result 1,924.0 896.0 1,683.0 2,819.0 2,320.0
Interest revenues 102.0 59.0 136.0 126.0
other financial
revenues 411.0 255.0 542.0 561.0
Financial income 513.0 314.0 678.0 687.0
Interest expenses 413.0 213.0 482.0 422.0
Financial expenses 413.0 213.0 482.0 422.0
Financial result 100.0 101.0 196.0 265.0
Result before extraordinary items 2,024.0 997.0 3,015.0 2,585.0
Extraordinary
Result 0.0 0.0 0.0 0.0
Result before taxes 2,024.0 997.0 3,015.0 2,585.0
Taxes 670.0 303.0 997.0 666.0
Result before minority
interests 1,354.0 694.0 2,018.0 1,919.0
minority interests 12.0 2.0 -18.0 -11.0
Result for the financial year 1,342.0 692.0 375.0 2,036.0 1,930.0
Cash flow
Depreciation 909.0 435.0 877.0 912.0
Cash flow 2,263.0 1,129.0 2,895.0 2,831.0
Cash flow from
operating activities 5,226.0 2,478.0 -2,340.0 2,684.0
Investments in
tangible fixed assets 913.0 615.0 1,247.0 1,607.0
Cash flow from
investing activities -577.0 -973.0 -1,675.0 -1,665.0
Cash flow from
financing activities -3,242.0 -1,082.0 3,584.0 -1,028.0
Change in
liquidity 1,407.0 423.0 -431.0 -9.0
Liquidity at
beginning of the year 1,714.0 1,291.0 1,046.0 1,055.0
Liquidity at end
of the year 3,121.0 1,714.0 615.0 1,046.0
Notes
Research and
Development 59.0 28.0 60.0 56.0
Added value 3,346.0 1,645.0 4,374.0 3,919.0
Working Capital 10,152.0 12,499.0 14,321.0 8,455.0
Sales per Employee 2.9 1.5 2.6
Gross cost land
and buildings 5,285.0 5,185.0 4,718.0 4,285.0
Gross cost other
tangible fixed assets 18,245.0 17,988.0 17,010.0 15,719.0
Gross cost total 23,530.0 23,173.0 21,728.0 20,004.0
Employees at year end 31,100 30,600 30,700
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Archer Daniels Midland
Co.
City/Country: Decatur/Illinois, United States
of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct
Name: Archer Daniels Midland
Europe B.V.
City/Country: Koog aan de Zaan, Netherlands/NL
Capital
share: CHF 1,000,000.--
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: ADM Schokinag
Management GmbH
City/Country: Mannheim/Baden-Württemberg,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 50%
Name: AWF Global Sārl
City/Country: Rolle/VD, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest (since 03.07.2012)
Class: 50%
Name: OLENEX Sārl
City/Country: Rolle/VD, Switzerland/CH
Interest: 50,00% voting right,
50,00% capital interest (since 05.07.2012)
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
03.12.2014 2014 0 Legal
actions
31.12.2013 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
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 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.
Debt Collection Case:
DEC 2011: CHF 334.00, paid.
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 considered to be good.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
|
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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 |
|
|
<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
SCs 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.