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Report No. : |
309348 |
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Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TALOCA GMBH |
|
|
|
|
Registered Office : |
Chollerstrasse 4, P O Box 859, CH 6301 Zug |
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Country : |
Switzerland |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
10.01.1972 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Wholesale of coffee, tea, cocoa and spices |
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No. of Employee : |
60 |
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 |
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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 |
|
High |
B2 |
|
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 |
TALOCA GMBH
Operating
address:
Chollerstrasse 4
6300 Zug/ZG
Switzerland/CH
Telephone: 041
7490101
Fax: 041
7498010
Web
site: http://www.mondelezinternational.ch
WIN
Worldbox No.: CH0000083884
VAT-No.: CHE-116.275.017 MWST
UID-No.: CHE107891826
Established: 1972
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and
spices
Import/Export: Export
Banks: Citibank London
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 60
Sales: CHF 20-40 Mio
The business activities includes
international trade in food, especially coffee, cocoa and nuts.
Information on property ownership was not
available.
Company
No: 170.3.002.024-9
UID-No.: CHE107891826
Legal
form: Limited Liability
Company
Registration: 10.01.1972
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
25.09.1991
Date of
Statutes: 06.06.2008
Entry Deleted Name
12.06.2008 Taloca
GmbH
12.06.2008 Taloca
LLC (Name translated)
12.06.2008 Taloca
Sàrl (Name translated)
12.06.2008 Taloca AG
12.06.2008 Taloca SA (Name translated)
12.06.2008 Taloca Ltd (Name translated)
Entry Deleted Legal domicile
active Zug,
Switzerland
Entry Deleted Address
active Chollerstrasse
4, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
active LLC
Capital CHF 500,000
Entry Deleted Capital Structure
12.06.2008 5,000
Participation shares of CHF 100.--
Title Name
General
Manager Ursula
Danieli
Citizen:
Baar, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Registered
since: 25.02.2014
General
Manager Udo
Kagerbauer
Citizen:
Maur, Switzerland
Residential
address: Mettmenstetten, Switzerland
joint
signature of two
Registered
since: 25.02.2014
General
Manager René
Köppel
Citizen:
Widnau, Switzerland
Residential
address: Hünenberg, Switzerland
joint
signature of two
Registered
since: 25.02.2014
Chairman
of the management Roger-Marc Lebreton
Citizen:
France
Residential
address: Cham, Switzerland
joint
signature of two
Registered
since: 15.03.1996
Member
with signing authority Alexandra Arlt
Citizen:
Germany
Residential
address: Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 02.10.2008
Member
with signing authority Gion Conrad
Citizen:
Sils im Domleschg, Switzerland
Residential
address: 6332 Hagendorn/ZG, Switzerland
joint
signature of two
Registered
since: 23.05.2003
Member
with signing authority Victor Gfeller
Citizen:
Bern, Switzerland
Residential
address: Küssnacht am Rigi, Switzerland
joint
signature of two
Registered
since: 05.11.2004
Member
with signing authority Rolf Hegglin
Citizen:
Menzingen, Switzerland
Residential
address: Baar, Switzerland
joint
signature of two
Registered
since: 08.07.1999
Member
with signing authority Roland Iten
Citizen:
Unterägeri, Switzerland
Residential
address: Oberwil bei Zug, Switzerland
joint
signature of two
Registered
since: 14.12.2000
Member
with signing authority Pierre Leudet
Citizen:
France
Residential
address: Oberägeri, Switzerland
joint
signature of two
Registered
since: 01.07.2002
Member
with signing authority Andreas Müller
Citizen:
Uitikon, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Registered
since: 14.03.2003
Member
with signing authority José-Luis
Perez Rodriguez
Citizen:
Zug, Switzerland
Residential
address: Zug/ZG, Switzerland
joint
signature of two
Registered
since: 28.06.2004
Member
with signing authority Patrick Sültz
Citizen:
Germany
Residential
address: 6343 Risch, Switzerland
joint
signature of two
Registered
since: 15.03.1996
Member
with signing authority Eveline
Tschuor
Citizen:
Kriens, Rueun, Switzerland
Residential
address: Merlischachen, Switzerland
joint
signature of two
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id:
CH-020.3.020.876-5
Registered
since: 10.02.1999
Title Name
Chief
Executive Officer Roger-Marc
Lebreton
Name: Mondelēz
International, Inc.
City/Country: Northfield/Illinois, United
States of America/US
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 29.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP
Intangible fixed
assets 47,591.0 13,977.0 62,483.0 63,819.0 42,193.0
Tangible fixed
assets 10,247.0 4,204.0 13,813.0 13,792.0 10,693.0
other fixed assets 1,503.0 325.0 1,339.0 1,457.0 1,374.0
Fixed assets 59,341.0 18,506.0 77,635.0 79,068.0 54,260.0
Stocks 3,743.0 1,928.0 5,706.0 5,310.0 3,775.0
Trade accounts
receivable 5,403.0 1,089.0 6,361.0 6,539.0 5,197.0
Liquid assets 2,664.0 1,255.0 1,974.0 2,481.0 2,101.0
other trade
accounts 889.0 551.0 2,161.0 1,891.0 1,381.0
Accruals 517.0
Other current
assets 4,070.0 1,806.0 4,135.0 4,372.0 3,482.0
Current assets 13,216.0 4,823.0 16,202.0 16,221.0 12,454.0
Total assets 72,557.0 23,329.0 93,837.0 95,289.0 66,714.0
Capital 31,396.0 4,240.0 31,318.0 31,231.0 23,611.0
Other shareholders
funds 977.0 -668.0 3,899.0 4,603.0 2,265.0
Total shareholders equity 32,373.0 3,572.0 35,217.0 35,834.0 25,876.0
Minority interests 159.0 0.0 111.0 108.0 96.0
long term debt
(financial debts) 14,482.0 9,966.0 23,095.0 26,859.0 18,024.0
Other non current
liabilities 11,147.0 6,185.0 16,969.0 16,828.0 11,227.0
Non current liabilities 25,629.0 16,151.0 40,064.0 43,687.0 29,251.0
short term debt
(financial debts) 2,639.0 5.0 3,836.0 1,865.0 966.0
Trade accounts
payable 5,345.0 1,556.0 5,525.0 5,409.0 3,766.0
Accruals 3,361.0 1,170.0 4,228.0 3,807.0 3,356.0
other accounts
payable 3,051.0 875.0 4,856.0 4,579.0 3,403.0
other current
liabilities 6,412.0 2,045.0 9,084.0 8,386.0 6,759.0
Current liabilities 14,396.0 3,606.0 18,445.0 15,660.0 11,491.0
Shareh. equity, min. interests & liabilities 72,557.0 23,329.0 93,837.0 95,289.0 66,714.0
Sales 35,299.0 18,339.0 54,365.0 49,207.0 40,386.0
Net sales 35,299.0 18,339.0 54,365.0 49,207.0 40,386.0
Other operating
revenue 30.0 41.0 7.0 0.0 64.0
Operating revenue 35,329.0 18,380.0 54,372.0 49,207.0 40,450.0
Cost of goods sold 22,189.0 12,499.0 35,350.0 31,305.0 25,786.0
Gross profit 13,140.0 5,881.0 19,022.0 17,902.0 14,664.0
Other operating
expenses 9,169.0 3,170.0 12,365.0 12,236.0 9,140.0
Operating result 3,971.0 2,711.0 6,657.0 5,666.0 5,524.0
Interest revenues 50.0 0.0 0.0 0.0 0.0
other financial revenues 0.0 0.0 17.0 0.0
Financial income 50.0 0.0 0.0 17.0 0.0
Interest expenses 1,017.0 0.0 1,645.0 1,790.0 0.0
other financial
expenses 612.0 0.0 240.0 251.0 1,237.0
Financial expenses 1,629.0 356.0 1,885.0 2,041.0 1,237.0
Financial result -1,579.0 -356.0 -1,885.0 -2,024.0 -1,237.0
Result before extraordinary items 2,392.0 2,355.0 4,772.0 3,642.0 4,287.0
Extraordinary
income 1,603.0 0.0 0.0 1,644.0 0.0
Extraordinary
expenses 0.0 0.0 0.0 0.0
Extraordinary
Result 1,603.0 0.0 0.0 1,644.0 0.0
Result before taxes 3,995.0 2,355.0 4,772.0 5,286.0 4,287.0
Taxes 60.0 811.0 1,225.0 1,147.0 1,259.0
Result before
minority interests 3,935.0 1,544.0 3,547.0 4,139.0 3,028.0
minority interests 20.0 0.0 20.0 25.0 7.0
Result for the financial year 3,915.0 1,544.0 3,527.0 4,114.0 3,021.0
Depreciation 1,077.0 428.0 1,485.0 1,440.0 931.0
Cash flow 5,012.0 1,972.0 5,032.0 5,579.0 3,959.0
Cash flow from
operating activities 6,410.0 3,035.0 4,520.0 3,748.0 5,084.0
Investments in
tangible fixed assets 1,622.0 440.0 1,771.0 1,661.0 1,330.0
Cash flow from
investing activities -1,483.0 -422.0 -1,728.0 -7,462.0 -1,239.0
Cash flow from
financing activities -6,645.0 -1,358.0 -3,175.0 4,188.0 -3,133.0
Others -93.0 0.0 -124.0 -94.0 145.0
Change in
liquidity -1,811.0 1,255.0 -507.0 380.0 857.0
Liquidity at
beginning of the year 4,475.0 2,481.0 2,101.0 1,244.0
Liquidity at end
of the year 2,664.0 1,255.0 1,974.0 2,481.0 2,101.0
Research and
Development 471.0 702.0 583.0 477.0
Added value 6,089.0 2,783.0 7,902.0 8,516.0 5,218.0
Working Capital 3,801.0 1,461.0 6,542.0 6,440.0 5,206.0
Sales per Employee 0.3 0.8 0.4 0.4 0.4
Gross cost land
and buildings 3,887.0 2,480.0 6,998.0 6,883.0 5,551.0
Gross cost other
tangible fixed assets 13,727.0 5,922.0 16,934.0 16,147.0 13,872.0
Gross cost total 17,614.0 8,402.0 23,932.0 23,030.0 19,423.0
Employees at year end 107,000 123,000 126,000 127,000 97,000
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Mondelēz
International, Inc.
City/Country: Northfield/Illinois, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct
Name: Kraft Foods Schweiz
Holding GmbH
City/Country: Zug/ZG, Switzerland/CH
Capital
share: CHF 500,000.--
Interest: 100,00% voting right,
100,00% capital interest
Name: Mondelez Europe
Procurement GmbH
City/Country: Glattpark (Opfikon)/ZH,
Switzerland/CH
Name: Mondelez Europe
Services GmbH
City/Country: Glattpark (Opfikon)/ZH, Switzerland/CH
Name: Mondelez Schweiz GmbH
City/Country: Glattpark (Opfikon)/ZH,
Switzerland/CH
Name: Mondelez Europe
GmbH
City/Country: Glattpark (Opfikon)/ZH,
Switzerland/CH
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
04.08.2009 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
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.
Note: The VAT number - CHE-116.275.017 MWST
- is the Group VAT number.
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 in order.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.