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Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
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Name : |
PERLEN CONVERTING AG |
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Registered Office : |
Perlenring 3 6035 Perlen/LU 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 : |
17.06.1993 |
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Com. Reg. No.: |
100.3.015.968-8 / 319690 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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No. of Employees : |
250-399 |
RATING & COMMENTS
|
MIRA’s 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
PERLEN CONVERTING
AG
Perlenring 3
6035 Perlen/LU
Switzerland/CH
Telephone: 041
4558800
Fax: 041
4558801
Web
site: http://www.perlenpackaging.ch
E-mail: info@perlenpackaging.com
WIN
Worldbox No.: CH0000051268
VAT-No.: CHE106171907
Established: 1949
Line
of Business: Plastics
Industry
Division: Manufacturing
Industry-code (NACE): 2221 Manufacture of plastic plates, sheets,
tubes and profiles
2222 Manufacture of plastic packing goods
Import/Export: Export
Export
sales: 96,0%
Quality
certification: ISO 9001:2000 (since
2006)
ISO
14001:2004 (since 2006)
ISO
15378:2006 (since 2007)
Banks: unknown
Coverage: Company
Employees: 250-399
Sales: CHF 100-200 Mio
The company is active in film manufacturing and
film coating for the packaging industry. The processes and products are geared
to the needs of the pharmaceutical industry.
Products: Mono-Films, Barrier-Films,
Anti-Counterfeit Films, Suppository Films, Liquid Films, Ampoules/Syringe
Films, Anti-microbial Coatings.
Real
Estate: The company does
not appear to own any property.
Company
No: 100.3.015.968-8 / 319690
Legal
form: Company limited by
shares
Registration: 17.06.1993
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Luzern
History: Date of Incorporation
Statutes: 15.06.1993
Entry Deleted Name
active Perlen
Converting AG
Entry Deleted Legal domicile
active Root,
Switzerland
Entry Deleted Address
active 6035
Perlen/LU, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 4,000,000, paidup CHF 4,000,000
Entry Deleted Capital Structure
active 40,000
Registered shares of CHF 100.--
Title Name
President Peter
Schaub, Citizen: Zürich, Ormalingen, Switzerland, Residential address:
Uster/ZH, Switzerland, joint signature of two, Registered since: 01.09.2010
Vice-President Dr. Peter
Schildknecht, Citizen: Teufen AR, Switzerland, Residential address: Meggen/LU,
Switzerland, joint signature of two, Registered since: 14.08.2009
Director Wolfgang
Grimm, Citizen: Germany, Residential address: Meggen, Switzerland, joint
signature of two
Title Name
Chairman
of the management Wolfgang Grimm, Citizen:
Germany, Residential address: Meggen, Switzerland, joint signature of two
Member
of the management Johannes
Giessler, Citizen: Germany, Residential address: Simonswald, Germany, joint
signature of two, Registered since: 08.01.2010
Member
of the management Peter Henz,
Citizen: Bärschwil, Switzerland, Residential address: Buchrain, Switzerland,
joint signature of two, Registered since: 12.11.2012
Member
of the management Philipp
Morgenthaler, Citizen: Wyssachen, Switzerland, Residential address: Dietlikon/ZH,
Switzerland, joint signature of two, Registered since: 06.10.2009
Title Name
Auditor Stephan
Revisions AG, Residential address: Muttenz, Switzerland, Id:
CH-280.3.910.548-5, Registered since: 17.12.2008
Title Name
Chief
Executive Officer Wolfgang
Grimm
Chief
Operating Officer Philipp
Morgenthaler
Chief
Marketing Officer, Chief Sales Officer Johannes
Giessler
Chief
Human Resources Officer Peter Henz
Name: CPH Chemie + Papier Holding
AG
City/Country: Perlen/LU, Switzerland/CH
Consolidation: consolidated (Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 116,378.0 106,497.0 105,730.0 101,695.0 97,896.0
Operating result 7,134.0 5,031.0 3,757.0 900.0 20.0
Capital 4,000.0 4,000.0 4,000.0 4,000.0 4,000.0
Depreciation 5,734.0 6,122.0 6,450.0
Cash flow 9,000.0 7,500.0
Investments in
tangible fixed assets 3,100.0 3,000.0
Sales per Employee 383.0 382.0 384.0
Employees at year end 304 279 275
Financial Data CPH
Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
Balance Sheet
Intangible fixed
assets 1,248.0 1,473.0 2,948.0 3,754.0 5,615.0
Land and buildings 156,684.0 218,201.0 228,366.0 603,948.0 409,055.0
Other tangible
fixed assets 276,969.0 501,454.0 540,804.0 249,927.0 300,425.0
Tangible fixed
assets 433,653.0 719,655.0 769,170.0 853,875.0 709,480.0
Financial fixed
assets 10,000.0 10,020.0 25,504.0 25,357.0 25,564.0
other fixed assets 22,363.0 21,249.0 916.0 916.0 2,602.0
Fixed assets 467,264.0 752,397.0 798,538.0 883,902.0 743,261.0
Stocks 56,877.0 58,761.0 57,338.0 63,669.0 60,355.0
Trade accounts
receivable 70,802.0 73,994.0 75,623.0 60,932.0 67,164.0
Liquid assets 63,936.0 64,658.0 31,486.0 54,277.0 66,811.0
Securities 10,275.0 8,640.0 11,135.0 19,283.0 34,631.0
other trade
accounts 7,290.0 10,907.0 14,149.0 19,800.0 17,029.0
Accruals 5,344.0 3,024.0 3,865.0 4,612.0 5,370.0
Other current
assets 86,845.0 87,229.0 60,635.0 97,972.0 123,841.0
Current assets 214,524.0 219,984.0 193,596.0 222,573.0 251,360.0
Total assets 681,788.0 972,381.0 992,134.0 1,106,475.0 994,621.0
Capital 30,000.0 30,000.0 30,000.0 30,000.0 30,000.0
Other shareholders
funds 404,263.0 679,764.0 676,308.0 680,186.0 721,540.0
Total shareholders equity 434,263.0 709,764.0 706,308.0 710,186.0 751,540.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 117,875.0 143,994.0 169,266.0 225,925.0 115,977.0
Provisions 21,342.0 31,317.0 32,026.0 40,572.0 54,045.0
Other non current
liabilities 3,263.0 547.0 627.0 411.0 1,239.0
Non current
liabilities 142,480.0 175,858.0 201,919.0 266,908.0 171,261.0
short term debt
(financial debts) 23,003.0 9,754.0 11,314.0 12,686.0 14,328.0
Trade accounts
payable 59,366.0 52,939.0 40,017.0 93,584.0 29,241.0
Provisions 7,237.0 5,727.0 12,922.0 10,867.0 12,709.0
Accruals 10,995.0 15,789.0 12,731.0 8,765.0 11,094.0
other accounts
payable 4,444.0 2,550.0 6,923.0 3,479.0 4,448.0
other current
liabilities 22,676.0 24,066.0 32,576.0 23,111.0 28,251.0
Current liabilities 105,045.0 86,759.0 83,907.0 129,381.0 71,820.0
Shareh. equity, min. interests + liabilities 681,788.0 972,381.0 992,134.0 1,106,475.0 994,621.0
Sales 509,863.0
Reduction of
proceeds 28,189.0
Net sales 481,303.0 488,691.0 520,932.0 417,396.0 481,674.0
Other operating
revenue 10,167.0 47,211.0 7,836.0 19,174.0 8,524.0
Operating revenue 491,470.0 535,902.0 528,768.0 436,570.0 490,198.0
Cost of goods sold 331,049.0 329,811.0 346,280.0 278,535.0 278,405.0
Gross profit 160,421.0 206,091.0 182,488.0 158,035.0 211,793.0
Other operating
expenses 436,154.0 194,403.0 202,465.0 188,695.0 203,278.0
Operating result -275,733.0 11,688.0 -19,977.0 -30,660.0 8,515.0
Interest revenues 46.0 206.0 112.0 186.0 655.0
other financial
revenues 1,338.0 775.0 791.0 654.0 5,596.0
Financial income 1,384.0 981.0 903.0 840.0 6,251.0
Interest expenses 4,378.0 6,545.0 11,212.0 5,038.0 3,036.0
other financial
expenses 889.0 544.0 1,832.0 5,184.0 1,317.0
Financial expenses 5,267.0 7,089.0 13,044.0 10,222.0 4,353.0
Financial result -3,883.0 -6,108.0 -12,141.0 -9,382.0 1,898.0
Result before extraordinary items -279,616.0 5,580.0 -32,118.0 -40,042.0 10,413.0
Extraordinary
income 0.0 4,077.0 30,445.0 17,134.0 38,988.0
Extraordinary
expenses 0.0 18,765.0 3,815.0 12,507.0
Extraordinary
Result 0.0 4,077.0 11,680.0 13,319.0 26,481.0
Result before taxes -279,616.0 9,657.0 -20,438.0 -26,723.0 36,894.0
Taxes -8,136.0 1,596.0 -2,447.0 -6,713.0 7,427.0
Result before
minority interests -271,480.0 8,061.0 -17,991.0 -20,010.0 29,467.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the financial year -271,480.0 8,061.0 -17,991.0 -20,010.0 29,467.0
Depreciation 57,569.0 60,336.0 66,792.0 59,518.0 62,003.0
Cash flow -213,911.0 68,397.0 48,801.0 39,508.0 91,470.0
Cash flow from
operating activities 31,410.0 40,757.0 -13,808.0 79,445.0 182,086.0
Investments in
tangible fixed assets 18,201.0 10,942.0 24,405.0 220,871.0 266,238.0
Cash flow from
investing activities -17,757.0 21,387.0 47,381.0 -196,147.0 -238,591.0
Cash flow from
financing activities -14,183.0 -29,046.0 -56,284.0 105,306.0 35,157.0
Others -192.0 74.0 -80.0 -1,138.0 41.0
Change in
liquidity -722.0 33,172.0 -22,791.0 -12,534.0 -21,307.0
Liquidity at
beginning of the year 64,658.0 31,486.0 54,277.0 66,811.0 88,118.0
Liquidity at end
ot the year 63,936.0 64,658.0 31,486.0 54,277.0 66,811.0
Material costs 256,649.0 253,597.0 268,975.0 215,432.0 204,654.0
Cost of employees 85,623.0 84,889.0 93,165.0 89,320.0 95,671.0
Added value -132,046.0 161,427.0 150,731.0 127,153.0 197,604.0
Working Capital 68,313.0 79,816.0 92,944.0 31,017.0 98,278.0
Sales per Employee 560.3 575.6 610.7 443.6 497.6
Market
capitalisation 369,000.0 390,000.0 303,000.0 510,000.0 525,000.0
Gross cost land
and buildings 384,157.0 382,749.0 383,583.0 764,342.0 562,080.0
Gross cost other
tangible fixed assets 1,113,461.0 1,100,319.0 1,092,155.0 779,288.0 906,015.0
Gross cost total 1,497,618.0 1,483,068.0 1,475,738.0 1,543,630.0 1,468,095.0
Insurance value
land and buildings 348,926.0 348,926.0 424,929.0 490,002.0 394,507.0
Insurance value
other tang. fixed assets 1,254,287.0 1,254,287.0 1,331,707.0 1,345,688.0 1,120,232.0
Insurance value
total 1,603,213.0 1,603,213.0 1,756,636.0 1,835,690.0 1,514,739.0
Employees at year end 859 849 853 941 968
Employees inland 634 624 631 616 650
Employees abroad 225 225 222 325 318
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: CPH Chemie + Papier
Holding AG
City/Country: Perlen/LU, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Chemie Uetikon AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: CPH Chemie + Papier
Holding GmbH
City/Country: Muellheim, Germany/DE
Name: CU Deutero + Agro AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: CU Immobilien Lahr AG
in Liquidation
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: Perlen France Sarl
City/Country: Champigny sur Marne, France/FR
Name: Perlen Papier AG
City/Country: Perlen/LU, Switzerland/CH
Name: Zeochem AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: Zeowest AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Class: 100%
Name: ac-Folien GmbH
City/Country: Müllheim/Baden-Württemberg,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2007)
Class: 100%
Name: Perlen Converting Llc
City/Country: Whippany/New Jersey, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Control date Year No. Amount CHF Status
12.11.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 0
31.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
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.
Financial
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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 |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
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.