|
Report No. : |
336252 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTERACID TRADING S.A. |
|
|
|
|
Registered Office : |
En Budron H-14, 1052 Mont-sur-Lausanne/VD, Switzerland/CH |
|
|
|
|
Country : |
Switzerland
|
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
1970 |
|
|
|
|
Com. Reg. No.: |
550.0.089.592-9 |
|
|
|
|
Legal Form : |
Company Limited By Shares |
|
|
|
|
Line of Business : |
The company acts as a global trade and logistics company.
The company specializes in the trade, transportation, storage and
distribution of sulfuric acid and sulfur. |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 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 to 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 continue 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 2015, the SNB abandoned the Swiss franc’s 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
INTERACID TRADING
S.A.
En Budron H-14
1052 Mont-sur-Lausanne/VD
Switzerland/CH
Telephone: 021
6545352
Fax: 021
6545300
Web
site: http://www.interacid.ch
E-mail: info@interacid.com
WIN
Worldbox No.: CH0002712593
VAT-No.: CHE-107.698.577 MWST
UID-No.: CHE107698577
Established: 1970
History: 1992: Limited company
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 18
Sales: CHF 20-40 Mio
The company acts as a global trade and logistics company. The company specializes in the trade, transportation, storage and distribution of sulfuric acid and sulfur. For the operations, the company charters about 150 specialized vessels per year, ranging from 2,000 up to 60,000 deadweight tons. The trading activities are carried out in Central America, Africa, Europe, Latin America and Asia.
SULPHURIC ACID TRADING COMPANY, INC (SATCO)
3710 Corporex Park Drive, Suite 205
Tampa, Florida 33619
USA
Tel. +1 813 225 2000
Fax +1 813 225 1001
info@satcoinc.net
INTERACID TRADING CHILE S.A. (ITC)
Isidora Goyenechea Nr. 3600 - Office 301
Las Condes - Casilla 13476 - Santiago 21
CHILE
Tel. +56 2 2334 71 41
Fax +56 2 2334 72 60
info@interacid.cl
INTERACID AUSTRALIA PTY LTD. (IAPL)
Suite 915, 1 Queens Road,
Melbourne - Victoria 3004
AUSTRALIA
Tel. +61 3 9863 9777
Fax +61 3 9863 9776
info@interacid.com.au
Information on property ownership was not
available.
Company
No: 550.0.089.592-9
UID-No.: CHE107698577
Legal
form: Company limited by
shares
Registration: 09.01.1992
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
08.12.1994
Date of
Incorporation Statutes: 09.01.1992
Date of
Statutes: 16.05.2014
Date of
Statutes: 11.09.2012
Entry Deleted Name
active Interacid
Trading S.A.
Entry Deleted Legal domicile
26.05.2014 Le
Mont-sur-Lausanne, Switzerland
26.05.2014 Lausanne, Switzerland
Entry Deleted Address
26.05.2014 En
Budron H-14, 1052 Mont-sur-Lausanne/VD, Switzerland/CH
26.05.2014 Chemin de Rovéréaz 5, 1012 Lausanne,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 20,000,000, paidup CHF 20,000,000
Entry Deleted Capital Structure
active 20,000
Bearer shares of CHF 1,000.--
Title Name
President Yoshinari
Okura
Citizen:
Japan
Residential
address: Düsseldorf , Germany
joint
signature of two
Registered
since: 03.08.2012
Company
Secretary Patrick
Schneider
Citizen:
Bâle, Switzerland
Residential
address: Lutry, Switzerland
joint
signature of two
Registered
since: 13.05.2003
Director Junji
Tamura
Citizen:
Japan
Residential
address: Tokyo , Japan
joint
signature of two
Registered
since: 23.01.2014
Director Takao
Yamamoto
Citizen:
Japan
Residential
address: Tokyo , Japan
joint
signature of two
Registered
since: 25.06.2015
Title Name
General
Director Adrien
Jöhr
Citizen:
Baden, Switzerland
Residential
address: Jouxtens-Mézery , Switzerland
joint
signature of two
Registered
since: 27.01.2003
General
Director Hiroki
Sato
Citizen:
Japan
Residential
address: Saint-Légier-La Chiésaz , Switzerland
joint
signature of two
Registered
since: 04.01.2010
General
Director Junji
Tamura
Citizen:
Japan
Residential
address: Tokyo , Japan
joint
signature of two
Registered
since: 23.01.2014
Director Takeshi
Kurihara
Citizen:
Japan
Residential
address: Lausanne, Switzerland
joint
signature of two
Registered
since: 22.04.2015
Director Stève
Zaccarini
Citizen:
France
Residential
address: Puidoux, Switzerland
joint
signature of two
Registered
since: 25.11.2008
Deputy
Director Sébastien
Dilan
Citizen:
Schaffhouse, Switzerland
Residential
address: Tolochenaz, Switzerland
joint
signature of two
Registered
since: 25.11.2008
Deputy
Director Stéphane
Monnard
Citizen:
Attalens, Switzerland
Residential
address: Attalens, Switzerland
joint
signature of two
Registered
since: 25.11.2008
Member
with procuration Gregory
Gondeau
Citizen:
France
Residential
address: Lausanne, Switzerland
joint
power of attorney of two
Registered
since: 07.04.2011
Member
with procuration Mario Isely
Citizen:
Syens, Switzerland
Residential
address: Lutry, Switzerland
joint
power of attorney of two
Registered
since: 25.11.2008
Title Name
Auditor KPMG SA
Residential
address: Lausanne, Switzerland
Registered
since: 23.03.2007
Title Name
Chief
Executive Officer Yoshinari
Okura
Name: Sumitomo Corporation
City/Country: Chuo-Ku/Tokyo, Japan/JP
No.
of owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Sumitomo Corporation
City/Country: Chuo-Ku/Tokyo, Japan/JP
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Asian Steel Company
Ltd
City/Country: Singapore/SG
Name: Oamaru Yarn Holdings
Limited
City/Country: Dunedin, New Zealand/NZ
Name: Presperse Corporation
City/Country: Somerset/New Jersey, United
States of America/US
Name: SC Pipe Solutions Co.,
Ltd.
City/Country: Chuo-ku/Tokyo, Japan/JP
Name: Sumisho Metalex
Corporation
City/Country: Chuo-ku/Tokyo, Japan/JP
Name: Sumisho Tekko Hanbai
Co., Ltd.
City/Country: Chuo-ku/Tokyo, Japan/JP
Name: Sumitomo Corporation
Africa (Pty) Ltd
City/Country: Sandtron, Johannesburg/Gauteng,
South Africa/ZA
Name: Sumitomo Corporation
of America
City/Country: New York/New York, United States
of America/US
Name: SUMMIT FOREST
MANAGEMENT OF NZ LIMITED
City/Country: Auckland Central, New Zealand/NZ
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2015 31.03.2014 31.03.2013 31.03.2012
Number of months: 12 12 12 12
Currency: mil.
JPY mil. JPY mil. JPY mil. JPY
Balance Sheet
Intangible fixed
assets 441,370.0 591,384.0 447,039.0 395,758.0
Land and buildings 274,708.0 267,153.0 277,975.0 236,137.0
Other tangible
fixed assets 534,126.0 430,526.0 376,776.0 306,578.0
Tangible fixed
assets 808,834.0 697,679.0 654,751.0 542,715.0
Financial fixed
assets 2,616,969.0 1,799,462.0 2,108,617.0 1,798,541.0
other fixed assets 1,205,513.0 1,640,715.0 1,075,494.0 999,449.0
Fixed assets 5,072,686.0 4,729,240.0 4,285,901.0 3,736,463.0
Stocks 994,404.0 872,030.0 770,450.0 707,105.0
Trade accounts
receivable 1,569,214.0 1,246,533.0 1,192,979.0 1,227,963.0
Cash & Cash
Equivalents 895,875.0 1,111,192.0 924,513.0 821,915.0
Securities 111,328.0 78,274.0 85,371.0 68,713.0
other trade
accounts 377,863.0 631,469.0 573,543.0 664,610.0
Other current
assets 1,385,066.0 1,820,935.0 1,583,427.0 1,555,238.0
Current assets 3,948,684.0 3,939,498.0 3,546,856.0 3,490,306.0
Total assets 9,021,370.0 8,668,738.0 7,832,757.0 7,226,769.0
Capital 479,288.0 487,611.0 488,564.0 282,407.0
Other shareholders
funds 2,002,144.0 1,917,059.0 1,564,252.0 1,406,649.0
Total shareholders equity 2,481,432.0 2,404,670.0 2,052,816.0 1,689,056.0
Minority interests 135,818.0 135,514.0 123,066.0 112,132.0
long term debt
(financial debts) 3,543,055.0 3,409,164.0 3,204,252.0 3,018,333.0
Provisions 48,247.0 41,130.0 38,027.0 22,797.0
Other non current
liabilities 333,198.0 308,436.0 238,011.0 211,481.0
Non current liabilities 3,924,500.0 3,758,730.0 3,480,290.0 3,252,611.0
short term debt
(financial debts) 1,025,002.0 1,000,093.0 815,270.0 738,726.0
Trade accounts
payable 1,051,081.0 909,641.0 924,218.0 966,479.0
Provisions 4,306.0 6,230.0 6,287.0 8,376.0
Accruals 127,982.0 106,796.0 101,490.0 91,726.0
other accounts
payable 271,249.0 347,064.0 329,320.0 367,663.0
other current
liabilities 403,537.0 460,090.0 437,097.0 467,765.0
Current liabilities 2,479,620.0 2,369,824.0 2,176,585.0 2,172,970.0
Shareh. equity, min. int. & liabilities 9,021,370.0 8,668,738.0 7,832,757.0 7,226,769.0
Profit and loss
account
Sales 3,762,236.0 3,317,406.0 3,016,249.0 3,260,995.0
Net sales 3,762,236.0 3,317,406.0 3,016,249.0 3,260,995.0
Other operating
revenue 9,450.0 15,094.0 10,250.0 4,360.0
Operating revenue 3,771,686.0 3,332,500.0 3,026,499.0 3,265,355.0
Cost of goods sold 2,809,295.0 2,422,990.0 2,189,287.0 2,342,170.0
Gross profit 962,391.0 909,510.0 837,212.0 923,185.0
Other operating
expenses 1,046,765.0 737,760.0 674,731.0 703,328.0
Operating result -84,374.0 171,750.0 162,481.0 219,857.0
Interest revenues 20,718.0 13,874.0 13,339.0 13,900.0
other financial
revenues 304,297.0 345,381.0 385,524.0 136,586.0
Financial income 325,015.0 359,255.0 398,863.0 150,486.0
Interest expenses 33,680.0 31,316.0 29,092.0 28,956.0
other financial
expenses 74,075.0
Financial expenses 33,680.0 31,316.0 29,092.0 103,031.0
Financial result 291,335.0 327,939.0 369,771.0 47,455.0
Result before extraordinary items 206,961.0 499,689.0 532,252.0 267,312.0
Result before taxes 206,961.0 499,689.0 532,252.0 267,312.0
Taxes 52,256.0 70,388.0 75,326.0 77,715.0
Result before
minority interests 154,705.0 429,301.0 456,926.0 189,597.0
minority interests 8,716.0 17,752.0 17,086.0 9,564.0
Result for the financial year 145,989.0 411,549.0 439,840.0 180,033.0
Cash flow
Depreciation 117,687.0 106,525.0 94,117.0 155,126.0
Cash flow 272,392.0 535,826.0 551,043.0 344,723.0
Cash flow from
operating activities 243,695.0 278,237.0 280,305.0 190,417.0
Investments in
tangible fixed assets 247,965.0 196,740.0 183,576.0 87,340.0
Cash flow from
investing activities -399,586.0 -249,852.0 -186,203.0 -35,696.0
Cash flow from
financing activities -74,776.0 145,908.0 -24,667.0 -33,273.0
Others 15,350.0 12,386.0 33,163.0 -3,846.0
Change in
liquidity -215,317.0 186,679.0 102,598.0 117,602.0
Liquidity at
beginning of the year 1,111,192.0 924,513.0 821,915.0 704,313.0
Liquidity at end
of the year 895,875.0 1,111,192.0 924,513.0 821,915.0
Notes
Material costs 2,629,241.0 2,422,990.0 2,189,287.0 2,342,170.0
Cost of employees 388,860.0 367,556.0 337,071.0 351,016.0
Added value 747,188.0 1,005,086.0 992,532.0 802,410.0
Working Capital 1,512,537.0 1,208,922.0 1,039,211.0 968,589.0
Net Current Assets 1,469,064.0 1,569,674.0 1,370,271.0 1,317,336.0
Sales per Employee 44.4 40.8
Gross cost land
and buildings 406,180.0 406,180.0 409,043.0 355,480.0
Gross cost other
tangible fixed assets 755,021.0 755,021.0 665,845.0 572,456.0
Gross cost total 1,161,201.0 1,161,201.0 1,074,888.0 927,936.0
Employees at year end 74,638 73,953
Class: 100%
Name: Interacid Australiy
Pty Ltd.
City/Country: Melbourne, Australia/AU
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Interacid Trading
(Chile) SA
City/Country: Santiago de Chile, Chile/CL
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Sulphuric Acid Trading
Company Inc.
City/Country: Tampa, United States of
America/US
Interest: 100,00% voting right,
100,00% capital interest
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
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 good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.12 |
|
|
1 |
Rs.101.62 |
|
Euro |
1 |
Rs.72.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
|
|
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.