MIRA INFORM REPORT
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Report No. : |
332033 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
VIPA LAUSANNE S.A. |
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Registered Office : |
Galeries Benjamin-Constant 1, Case Postale
7700, 1002 Lausanne/VD |
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Country : |
Switzerland |
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Year of Establishment : |
1960 |
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Com. Reg. No.: |
550.0.086.652-1 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company is engaged in the trade in raw materials for the manufacture
of paper and pulp, particularly with old paper. |
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No. of Employees : |
40 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 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 continues 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 of 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 during 2011-13. In recent
years, Switzerland has responded to increasing pressure from neighboring
countries and trading partners, including the EU, the US, and international
institutions to reform its banking secrecy laws. In response to that
international pressure, the Swiss government has agreed 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, while
openly considering the possibility of imposing taxes on bank deposits held by
foreigners.
|
Source
: CIA |
Company
Name and Address
VIPA LAUSANNE S.A.
Operating
address:
Galeries
Benjamin-Constant 1
Case Postale 7700
1002 Lausanne/VD
Switzerland/CH
Telephone: 021
3434466
Fax: 021
3434469
Mobile: 079
2102291
Web
site: http://www.vipa.ch
E-mail: info@vipa.ch
WIN
Worldbox No.: CH0001965236
VAT-No.: CHE-106.733.372 MWST
UID-No.: CHE106733372
Profile
Established: 1960
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Export
Quality
certification: ISO 9001
Banks: CS Credit Suisse
BCV Banque
Cantonale Vaudoise
UBS Ltd
Operational
Figures
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 40
Activity
The company is engaged in the trade in raw
materials for the manufacture of paper and pulp, particularly with old paper.
The annual capacity is 500,000 tons. The company has offices in Bern (CH),
Sewidorf (CH), Italy (Feltre), UK (London) and USA (Chicago).
Real
Estate
Information on property ownership was not
available.
Company
Register
Company
No: 550.0.086.652-1
UID-No.: CHE106733372
Legal
form: Company limited by
shares
Registration: 28.12.1990
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Vaud
History: Date of Statutes:
27.12.1990
Date of
Statutes: 07.12.1995
Entry Deleted Name
active Vipa
Lausanne S.A.
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
active Galeries
Benjamin-Constant 1, 1003 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 1,000
Registered shares of CHF 100.--
Official
Administration
Title Name
Director Marc
Ehrlich
Citizen:
Lausanne, Switzerland
Residential
address: Pully, Switzerland
single
signature
Director Rachel
Ehrlich
Citizen:
Lausanne, Switzerland
Residential
address: Pully, Switzerland
single
signature
External
Positions
Title Name
Auditor KPMG SA
Residential
address: Lausanne, Switzerland
Executive
board
Title Name
Chief
Executive Officer Marc
Ehrlich
Ultimate
Parent Company
Name: Vipa holding S.A.
City/Country: Lausanne/VD, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Vipa holding S.A.
City/Country: Lausanne/VD, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Investments
Class: 100%
Name: Retripa Holding SA
City/Country: Crissier/VD, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Financials
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Legal
Actions
Control date Year No. Amount CHF Status
08.05.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 1 6,122.-- Opposition filed
31.12.2007 2007 0 Legal actions
31.12.2006 2006 1 5,064.-- Opposition filed
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 2 42,455.-- Opposition filed
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.
Sanctions
List
The company is not listed in the
WorldCompliance database.
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 in order.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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 |
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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 |
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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 |
-- |
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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.