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Report No. : |
304749 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SIGMA-ALDRICH PRODUCTION GMBH |
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Registered Office : |
Industriestrasse 25, Postfach, 9470
Buchs/SG, Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
1950 |
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Com. Reg. No.: |
320.4.047.278-0 / 501604 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is manufacture and saler of chemical and pharmaceutical
products and lab equipment. Products and services |
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No. of Employee : |
500 |
RATING & COMMENTS
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
SIGMA-ALDRICH
PRODUCTION GMBH
Operating address:
Industriestrasse 25
Postfach
9470 Buchs/SG
Switzerland/CH
Telephone: 081
7552511
Fax: 081
7552815
Web site: http://www.sigma-aldrich.com
E-mail: fluka@sial.com
WIN Worldbox No.: CH0000141715
VAT-No.: CHE106844528
Established: 1950
Line of Business: Pharmaceutics, Chemicals
Industry Division: Manufacturing
Industry-code (NACE): 2110 Manufacture of
basic pharmaceutical products
2013 Manufacture of other inorganic basic
chemicals
Import/Export: Export
Quality certification: ISO 9001:2000 (since 2003)
ISO 9001
(since 1994)
Banks: unknown
Coverage: Company
Figures: approximately
Financial year: 2014
Employees: 500
Sales: CHF
200,000,000.--
The division includes the manufacture and sale of chemical and
pharmaceutical products and lab equipment. Products and services in the following
areas: Analytical chromatography, life sciences, chemistry, materials science
and lab equipment. The company distributes its products and services worldwide.
Information on property ownership was not available.
Company No: 320.4.047.278-0
/ 501604
Legal form: Limited
Liability Company
Registration: 17.12.1999
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date
of Statutes: 15.09.2010
Date of
Statutes: 16.06.2005
Date of
Statutes: 17.02.2000
Date of
Incorporation Statutes: 14.12.1999
Entry Deleted Name
22.06.2005 Sigma-Aldrich
Production GmbH
22.06.2005 Sigma-Aldrich
Production Sàrl (Name translated)
22.06.2005 Sigma-Aldrich
Production LLC (Name translated)
17.12.1999 22.06.2005 Fluka Production GmbH
17.12.1999 22.06.2005 Fluka Production Sàrl (Name translated)
17.12.1999 22.06.2005 Fluka Production LLC (Name translated)
Entry Deleted Legal domicile
17.12.1999 Buchs
(SG), Switzerland
Entry Deleted Address
17.12.1999 Industriestrasse
25, 9470 Buchs/SG, Switzerland/CH
Entry Deleted Capital
17.12.1999 LLC
Capital CHF 2,000,000
Entry Deleted Capital Structure
29.10.2009 1
Participation shares of CHF 2,000,000.--
17.12.1999 29.10.2009 1 Participation shares of CHF 2,000,000.--
Entry Deleted Branches
29.02.2000 25.01.2011 Schwarzwaldallee 215, 4002 Basel/BS,
Switzerland/CH
Title Name
General Manager Alexander Pirc
Citizen:
Germany
Residential
address: St. Gallen, Switzerland
single
signature
Registered
since: 17.12.2013
Chairman of the management Trevor Jones
Citizen:
United Kingdom
Residential
address: Rapperswil (Rapperswil-Jona)/SG, Switzerland
single
signature
Registered
since: 05.02.2008
Vice-Director Reto Salzgeber
Citizen:
Luzein, St. Antönien, Switzerland
Residential
address: Landquart (Igis), Switzerland
joint
signature of two
Registered
since: 17.12.1999
Vice-Director Dennis Ronny Tschudin
Citizen:
Läufelfingen, Switzerland
Residential
address: Buchs /SG, Switzerland
joint
signature of two
Registered
since: 27.12.2006
Title Name
Auditor KPMG
AG
Residential
address: St.Gallen, Switzerland
Id:
CH-320.9.034.266-2
Registered
since: 04.02.2010
Title Name
Chief Executive Officer Trevor Jones
Name: Sigma
Aldrich Corporation
City/Country: St. Louis/Missouri, United States of America/US
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: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: US-GAAP
Intangible fixed
assets 946.0 973.0 625.0 582.0 530.0
Tangible fixed
assets 806.0 829.0 763.0 732.0 708.9
other fixed assets 132.0 89.0 100.0 98.0 91.4
Fixed
assets 1,884.0 1,891.0 1,488.0 1,412.0 1,330.3
Stocks 699.0 722.0 668.0 607.0 609.0
Trade accounts
receivable 382.0 356.0 319.0 287.0 285.0
Liquid assets 722.0 724.0 665.0 569.0 372.4
other trade
accounts 96.0 98.0 141.0 139.0 116.7
Accruals 22.0 29.0
Other current
assets 840.0 851.0 806.0 708.0 489.1
Current assets 1,921.0 1,929.0 1,793.0 1,602.0 1,383.1
Total assets 3,805.0 3,820.0 3,281.0 3,014.0 2,713.4
Capital 524.0 478.0 427.0 396.0 -1,628.4
Other shareholders
funds 2,371.0 2,068.0 1,772.0 1,580.0 3,314.0
Total shareholders equity 2,895.0 2,546.0 2,199.0 1,976.0 1,685.6
long term debt
(financial debts) 300.0 300.0 300.0 300.0 100.0
Provisions 73.0
Other non current
liabilities 154.0 273.0 244.0 208.0 185.9
Non current
liabilities 527.0 573.0 544.0 508.0 285.9
short term debt
(financial debts) 65.0 383.0 221.0 239.0 100.0
Trade accounts
payable 152.0 160.0 143.0 121.0 112.4
Accruals 63.0 61.0
other accounts
payable 103.0 97.0 174.0 170.0 529.5
other current
liabilities 166.0 158.0 174.0 170.0 529.5
Current liabilities 383.0 701.0 538.0 530.0 741.9
Shareh. equity, min. interests & liabilities 3,805.0 3,820.0 3,281.0 3,014.0 2,713.4
Sales 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Net sales 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Operating revenue 2,704.0 2,623.0 2,505.0 2,271.0 2,147.6
Cost of goods sold 1,343.0 1,276.0 1,181.0 1,075.0 1,057.7
Gross profit 1,361.0 1,347.0 1,324.0 1,196.0 1,089.9
Other operating
expenses 700.0 688.0 677.0 645.0 590.3
Operating result 661.0 659.0 647.0 551.0 499.6
other financial
revenues 51.0 39.0
Financial income 51.0 39.0 0.0 0.0 0.0
Interest expenses 4.0 4.0 7.0 7.0 10.0
Financial expenses 4.0 4.0 7.0 7.0 10.0
Financial result 47.0 35.0 -7.0 -7.0 -10.0
Result before extraordinary items 708.0 694.0 640.0 544.0 489.6
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before taxes 708.0 694.0 640.0 544.0 489.6
Taxes 166.0 195.0 183.0 160.0 142.9
Result before minority
interests 542.0 499.0 457.0 384.0 346.7
Result for the financial year 542.0 499.0 457.0 384.0 346.7
Depreciation 138.0 136.0 106.0 93.0 92.4
Cash flow 680.0 635.0 563.0 477.0 439.1
Cash flow from
operating activities 641.0 567.0 495.0 523.0 515.7
Investments in
tangible fixed assets 100.0 114.0 104.0 99.0 -119.9
Cash flow from
investing activities -108.0 -511.0 -191.0 -182.0 -159.5
Cash flow from
financing activities -533.0 -6.0 -200.0 -161.0 -250.3
Others -2.0 9.0 -8.0 16.0 14.8
Change in
liquidity -2.0 59.0 96.0 196.0 120.7
Liquidity at
beginning of the year 724.0 665.0 569.0 373.0 251.8
Liquidity at end
of the year 722.0 724.0 665.0 569.0 372.5
Notes
Research and
Development 66.0 69.0 72.0 66.0 63.0
Added value 850.0 834.0 753.0 644.0 592.0
Working Capital 929.0 918.0 844.0 773.0 781.6
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Gross cost land
and buildings 910.0 961.0 935.0 804.0 851.6
Gross cost other
tangible fixed assets 1,188.0 1,050.0 888.0 934.0 800.2
Gross cost total 2,098.0 2,011.0 1,823.0 1,738.0 1,651.8
Employees at year end 9,000 9,000 8,300 7,890 7,740
Employees inland 4,400 4,070
Employees abroad 4,600 3,820
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Sigma Aldrich
Corporation
City/Country: St. Louis/Missouri, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 17.12.1999)
Class: 100%
Type: direct
Name: Sigma-Aldrich Chemie
GmbH
City/Country: Buchs/SG, Switzerland/CH
Capital
share: CHF 2,000,000.--
Interest: 100,00% voting right,
100,00% capital interest (since 29.10.2009)
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
09.07.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 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.
Debt collection case:
AUG 2014: CHF 854.00
JUL 2014: CHF 2606.00, paid.
JUN 2012: CHF 421.00, 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 very good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.76 |
|
|
1 |
Rs. 93.13 |
|
Euro |
1 |
Rs. 70.03 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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.