MIRA INFORM REPORT

 

 

Report No. :

301020

Report Date :

09.01.2015

 

IDENTIFICATION DETAILS

 

Name :

M. DOHMEN SA

 

 

Registered Office :

Casella Postale 149 6534 San Vittore/GR

 

 

Country :

Switzerland

 

 

Date of Incorporation :

14.11.1984

 

 

Com. Reg. No.:

350.3.001.038-4 / 224075

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufacture of dyes and pigments

 

 

No. of Employees :

200

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 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


Company name

 

M. DOHMEN SA

 

 

Operating address

 

Casella Postale 149

6534 San Vittore/GR

Switzerland/CH

 

Telephone:                   091 8201260

Fax:                             091 8201271

 

Web site:                      http://www.mdohmen.ch

E-mail:                         info@mdohmen.ch

 

WIN Worldbox No.:       CH0001774981

VAT-No.:                      CHE103636198

 

 

Profile

 

Established:                 1973

History:                        1973:      Established from Manfred Dohmen

Line of Business:          Chemicals

Industry Division:          Manufacturing

Industry-code (NACE):  2012       Manufacture of dyes and pigments

Import/Export:              Import, Export

Quality certification:      ISO 9000

Banks:                          unknown

Organisation level:        Ultimate Parent

 

 

Operational Figures

 

Coverage:                    Group

Figures:                        estimated

Financial year:              2014

Employees:                  200

Sales:                          CHF 75,000,000.--

 


 

Activity

 

The company is a leading specialist in the production and marketing of textile dyes and chemicals for the automotive, carpet and apparel sectors. The company serves textile markets worldwide from production facilities in Switzerland, Germany and Korea, and

maintains sales organizations in the USA and Italy.

 

 

Real Estate

 

Real Estate:                  The company does not appear to own any property.

 

 

Company Register

 

Company No:               350.3.001.038-4 / 224075

Legal form:                   Company limited by shares

Registration:                 14.11.1984

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Graubünden

History:                        Date of Statutes: 18.12.1990

                                    Date of Statutes: 28.09.1990

                                    Date of Incorporation Statutes: 06.11.1984

                                    Date of Statutes: 05.10.2001

                                    Date of Statutes: 10.07.2001

                                    Date of Statutes: 04.04.1996

                                    Date of Statutes: 02.12.1992

 

Entry          Deleted      Name

active                           M. Dohmen SA

 

Entry          Deleted      Legal domicile

21.12.1990                    San Vittore, Switzerland

                  21.12.1990  Agno, Switzerland

 

Entry          Deleted      Address

21.12.1990                    6534 San Vittore/GR, Switzerland/CH

 

Entry          Deleted      Capital

09.10.2001                    Share Capital CHF 22,000,000, paidup CHF 22,000,000

11.07.2001  09.10.2001  Share Capital CHF 22,000,000, paidup CHF 6,000,000

 

Entry          Deleted      Capital Structure

11.07.2001                    22,000 Registered shares of CHF 1,000.--

 

 

Official Administration

 

Title                                           Name

President, Chief Executive           Manfred Dohmen

                                                  Citizen: Germany

                                                  Residential address: Korschenbroich, Germany

                                                  joint signature of two

Director                                      Alan Cunningham

                                                  Citizen: United Kingdom

                                                  Residential address: Singapur, Singapore

                                                  without signature

                                                  Registered since: 23.05.2014

Director                                      James (Jim) McCall

                                                  Citizen: United Kingdom

                                                  Residential address: Greenville, United States of America

                                                  without signature

                                                  Registered since: 23.05.2014

Director                                      dott. Toni Russi

                                                  Citizen: Andermatt, Switzerland

                                                  Residential address: 7050 Arosa, Switzerland

                                                  joint signature of two

                                                  Registered since: 11.12.1992

Director                                      Roland Waibel

                                                  Citizen: Diepoldsau, Switzerland

                                                  Residential address: Therwil, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 23.05.2014

Director                                      Alexander Wessels

                                                  Citizen: Netherlands

                                                  Residential address: Bussum, Netherlands

                                                  joint signature of two

                                                  Registered since: 23.05.2014

 

 

Management

 

Title                                           Name

Director                                      Loredana Contini

                                                  Citizen: Italy

                                                  Residential address: 6592 S. Antonino, Switzerland

                                                  joint signature of two

                                                  Registered since: 10.02.2011

Director                                      Nadine Dohmen-Rettig

                                                  Citizen: Germany

                                                  Residential address: Viersen, Germany

                                                  single signature

                                                  Registered since: 28.04.2008

Director                                      Günther König

                                                  Citizen: Germany

                                                  Residential address: 6500 Bellinzona, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.08.2009

Member with procuration             Mark Dohmen

                                                  Citizen: Germany

                                                  Residential address: 6574 Vira (Gambarogno), Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.10.2001

 

 

External Positions

 

Title                                           Name

Auditor                                       Fiduciaria Sartori & Associati SA

                                                  Residential address: Locarno, Switzerland

                                                  Id: CHE-106.877.775

                                                  Registered since: 07.11.2008

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Manfred Dohmen

 

 

Owner/-s

 

No. of Owner/-s:           2

Owner:                         The company is privately owned.

 

Class:                          50%

Type:                           direct

Name:                          Manfred Dohmen

City/Country:                Korschenbroich, Germany/DE

Interest:                        51,00% voting right, 51,00% capital interest

 

Class:                          40-49%

Type:                           direct

Name:                          Archroma Holdings GmbH

City/Country:                Reinach BL/BL, Switzerland/CH

Interest:                        49,00% voting right, 49,00% capital interest (since 22.05.2014)

 

 

Investments

 

Class:                          100%

Name:                          Dohmen Mexico S.A de C.V.

City/Country:                Maxico D.F., Mexico/MX

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Hang Zhou M. Dohmen Chemical Ltd

City/Country:                Hangzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          M. Dohmen GmbH

City/Country:                Korschenbroich/Nordrhein-Westfalen, Germany/DE

Interest:                        100,00% voting right, 100,00% capital interest (since 1992)

 

Class:                          100%

Name:                          M. Dohmen Korea Ltd.

City/Country:                Seoul, South Korea/KR

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          50-100%

Name:                          Dohmen Boya Kimya Ürünleri  San.Ve Tic. Ltd. Sti.

City/Country:                Kagithane, Turkey/TR

Interest:                        95,00% voting right, 95,00% capital interest

 

Class:                          50-100%

Name:                          M. Dohmen Italia S.p.A.

City/Country:                Lainate, Italy/IT

Interest:                        90,00% voting right, 90,00% capital interest (since 1990)

 

Class:                          50-100%

Name:                          M. Dohmen USA Inc.

City/Country:                Greenville/South Carolina, United States of America/US

Interest:                        79,00% voting right, 79,00% capital interest (since 1990)

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

26.03.2014          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.

 

 

Remarks

 

MAI 2012: CHF 165.00

MAR 2013: CHF 565.00

JUN 2014: CHF 246.00

 

 

Credit Information

 

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.62.97

UK Pound

1

Rs.94.97

Euro

1

Rs.74.43

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.