MIRA INFORM REPORT
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Report No. : |
332119 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BOBST MEX SA |
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Registered Office : |
Route de Faraz 3 1031 Mex VD/VD, 1001 Lausanne/VD |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1890 |
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Com. Reg. No.: |
550.0.105.061-6 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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No. of Employee : |
2,300 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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) |
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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
BOBST MEX SA
Operating address:
Route de Faraz 3 Postal
address:
1031 Mex VD/VD Case
postale
Switzerland/CH 1001
Lausanne/VD
Switzerland/CH
Telephone: 021
6212111
Fax: 021
6212070
Web
site: http://www.bobst.com
E-mail: info.bobst@bobst.com
WIN
Worldbox No.: CH0000461337
VAT-No.: CHE-116.278.926 MWST
UID-No.: CHE105958187
Profile
Established: 1890
History: 1890: Established from Joseph Bobst
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2895 Manufacture of
machinery for paper and paperboard production
2829 Manufacture of other general-purpose
machinery n.e.c.
Import/Export: Export
Quality certification: OHSAS 18001 (since 2006)
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 2,300
Sales: CHF
600,000,000.--
Activity
The company is the
world's largest supplier of equipment and services for the manufacturing of
packaging made from solid board, corrugated board and flexible materials. The
production areas are: coating and laminating, printing, processing and in-line
printing and processing. The industry sectors: packaging, print finishes, label
production, manufacture of sacks, bags and self-adhesive tapes, decorative
printing industry, tobacco industry and other industries. The company is
present in over 50 countries, has 11 production facilities in 8 countries.
Real Estate
Real Estate: The
company owns extensive property.
Company Register
Company No: 550.0.105.061-6
UID-No.: CHE105958187
Legal form: Company
limited by shares
Registration: 09.11.1918
Legal status: active
Responsible Register: Registre du commerce du canton de Vaud
History: Date
of Statutes: 09.06.1999
Date
of Incorporation Statutes: 28.10.1918
Date
of Statutes: 02.05.2012
Date
of Statutes: 14.12.2011
Date
of Statutes: 04.05.2009
Date
of Statutes: 24.03.2004
Date
of Statutes: 31.05.2002
Date
of Statutes: 12.06.2001
Date
of Statutes: 07.06.2000
Entry Deleted Name
10.05.2012 BOBST
MEX SA
10.05.2012 BOBST
MEX AG (Name translated)
19.06.2002 Bobst S.A.
19.06.2002 BOBST AG (Name translated)
19.06.2002 10.05.2012 BOBST SA
19.06.2002 10.05.2012 BOBST AG (Name translated)
Entry Deleted Legal domicile
31.01.2012 Mex
(VD), Switzerland
31.01.2012 Prilly, Switzerland
Entry Deleted Address
31.01.2012 Route
de Faraz 3, 1031 Mex VD/VD, Switzerland/CH
31.01.2012 Route des Flumeaux 50, 1008 Prilly/VD,
Switzerland/CH
Entry Deleted Capital
08.04.2004 Share
Capital CHF 30,409,730, paidup CHF 30,409,730
Entry Deleted Capital Structure
08.04.2004 30,409,730
Registered shares of CHF 1.--
Official Administration
Title Name
President Jean-Pascal Bobst
Citizen:
Oensingen, Switzerland
Residential
address: Corseaux, Switzerland
joint
signature of two
Registered
since: 24.08.2001
Director Stephan
März
Citizen:
Germany
Residential
address: Münchenwiler, Switzerland
joint
signature of two
Registered
since: 12.05.2011
Director Philippe
Milliet
Citizen:
Bonvillars, Switzerland
Residential
address: Pully, Switzerland
joint
signature of two
Registered
since: 31.01.2012
Director Attilio
Tissi
Citizen:
Neuhausen am Rheinfall, Switzerland
Residential
address: Düdingen, Switzerland
joint
signature of two
Registered
since: 11.05.2010
Management
Title Name
Chairman
of the direction Philippe
Milliet
Citizen:
Bonvillars, Switzerland
Residential
address: Pully, Switzerland
joint
signature of two
Registered
since: 31.01.2012
Member
of the direction Jean-Luc
Cachin
Citizen:
Cerniaz VD, Switzerland
Residential
address: Jouxtens-Mézery , Switzerland
joint signature of two
Member of the direction Emilio Corti
Citizen:
Italy
Residential
address: La Tour-de-Peilz, Switzerland
joint
signature of two
Registered
since: 20.03.2012
Member of the direction Manuel Da Silva Alves Gomes De Sousa
Citizen:
Portugal
Residential
address: Yens, Switzerland
joint
signature of two
Registered
since: 25.04.2013
Member of the direction Christian Falk
Citizen:
Curtilles, Switzerland
Residential
address: Pully , Switzerland
joint
signature of two
Registered
since: 21.03.2002
Member
of the direction Robert Flury
Citizen:
Balsthal, Switzerland
Residential
address: Vevey, Switzerland
joint signature of two
Registered
since: 28.02.2013
Member of the direction Sandro Gubinelli
Citizen:
Italy
Residential
address: Vufflens-la-Ville, Switzerland
joint signature of
two
Member
of the direction Raphaël
Indermühle
Citizen:
Amsoldingen, Switzerland
Residential
address: Grandson, Switzerland
joint
signature of two
Registered
since: 02.09.2009
Member
of the direction Sylvain Lieb
Citizen:
Lausanne, Switzerland
Residential
address: Forel (Lavaux), Switzerland
joint
signature of two
Registered
since: 30.11.2012
Member
of the direction René Meldem
Citizen:
Bière, Switzerland
Residential
address: Vevey, Switzerland
joint
signature of two
Registered
since: 24.06.2008
Member
of the direction Eric Pavone
Citizen:
Sessa, Switzerland
Residential
address: Bussigny-près-Lausanne, Switzerland
joint
signature of two
Registered since: 03.01.2013
Member of the direction Jean-Claude Rebeaud
Citizen: Yvonand,
Switzerland
Residential
address: Mont-sur-Lausanne, Switzerland
joint signature of two
Member of the direction Jacques Reymond
Citizen: L'Abbaye, Switzerland
Residential
address: Gland, Switzerland
joint signature of two
Registered
since: 21.03.2002
Member of the direction Giuseppe Santoro
Citizen: Genève,
Switzerland
Residential
address: Pully , Switzerland
joint signature of two
Member of the direction Claudia Sorrentino
Citizen:
Germany
Residential
address: Saint-Sulpice /VD, Switzerland
joint
signature of two
Registered
since: 20.03.2012
Member of the direction Josef Stutz
Citizen:
Hochdorf, Switzerland
Residential
address: Epalinges, Switzerland
joint
signature of two
Registered
since: 28.02.2013
Member of the direction Michel Troyon
Citizen:
Cheseaux-sur-Lausanne, Switzerland
Residential
address: 1000 Lausanne /VD, Switzerland
joint
signature of two
Registered
since: 18.10.2006
Member of the direction Matthias Urban
Citizen:
Germany
Residential
address: Cortaillod, Switzerland
joint
signature of two
Registered
since: 20.03.2012
Company Secretary Sophie
Delorme Ohrneman
Citizen:
Vully-les-Lacs, Switzerland
Residential
address: Bourg-en-Lavaux, Switzerland
joint
power of attorney of two
Registered since:
11.10.2000
Member
with procuration Patrick Heyse
Citizen:
Sainte-Croix, Switzerland
Residential
address: Oulens-sous-Echallens , Switzerland
joint
power of attorney of two
Member
with procuration Alain Jendly
Citizen:
Fribourg, Switzerland
Residential
address: Fenin-Villars-Saules , Switzerland
joint
power of attorney of two
Member
with procuration Jean-Michel
Jordan
Citizen:
Carrouge VD, Switzerland
Residential
address: Carrouge/VD, Switzerland
joint
power of attorney of two
Member with procuration Raymond Lambelet
Citizen:
Forel (Lavaux), Switzerland
Residential
address: Vufflens-la-Ville, Switzerland
joint power of
attorney of two
Member
with procuration Alfred Ulli
Citizen:
Reisiswil, Switzerland
Residential address: Chavannes-le-Veyron , Switzerland
joint power of
attorney of two
External
Positions
Title Name
Auditor Ernst
& Young SA
Residential
address: Lausanne, Switzerland
Registered
since: 22.09.2000
Executive board
Title Name
Chief Executive Officer Philippe Milliet
Ultimate Parent Company
Name: BOBST
GROUP SA
City/Country: Mex
VD/VD, Switzerland/CH
Financial Data Bobst Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th.
CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed assets 111,300.0 114,700.0 124,400.0 135,500.0 114,900.0
Land and buildings 228,400.0 255,100.0 264,200.0 179,400.0 174,300.0
Other tangible
fixed assets 66,000.0 63,300.0 70,300.0 131,600.0 86,000.0
Tangible fixed assets 294,400.0 318,400.0 334,500.0 311,000.0 260,300.0
Financial fixed assets 66,400.0 66,300.0 64,600.0 72,800.0 58,600.0
other fixed assets 52,500.0 86,700.0 50,400.0 222,900.0 212,000.0
Fixed assets 524,600.0 586,100.0 573,900.0 742,200.0 645,800.0
Stocks 319,900.0 313,700.0 317,700.0 384,200.0 355,400.0
Trade accounts receivable 246,000.0 233,300.0 224,400.0 233,600.0 270,600.0
Cash & Cash Equivalents 386,300.0 317,200.0 305,400.0 288,500.0 313,800.0
Securities 75,000.0 7,000.0 0.0
other trade accounts 61,800.0 77,600.0 114,800.0 64,200.0 51,000.0
Accruals 9,600.0 7,100.0 4,500.0 4,900.0 6,800.0
Other current assets 532,700.0 408,900.0 424,700.0 357,600.0 371,600.0
Current assets 1,098,600.0 955,900.0 966,800.0 975,400.0 997,600.0
Total assets 1,623,200.0 1,542,000.0 1,540,700.0 1,717,600.0 1,643,400.0
Capital 16,500.0 17,800.0 17,800.0 17,800.0 17,800.0
Other shareholders funds 436,000.0 500,800.0 402,900.0 548,400.0 559,900.0
Total shareholders equity 452,500.0 518,600.0 420,700.0 566,200.0 577,700.0
Minority interests 2,300.0 1,100.0 1,000.0 14,600.0 0.0
long term debt (financial debts) 268,300.0 264,100.0 411,500.0 514,300.0 362,600.0
Provisions 13,800.0 3,900.0 5,300.0 3,600.0 3,800.0
Other non current liabilities 200,000.0 143,100.0 187,400.0 139,300.0 141,800.0
Non current liabilities 482,100.0 411,100.0 604,200.0 657,200.0 508,200.0
short term debt (financial debts) 210,700.0 162,100.0 84,300.0 30,400.0 114,500.0
Trade accounts payable 327,600.0 380,800.0 373,900.0 379,600.0 4,900.0
Provisions 43,700.0 53,300.0 35,400.0 39,600.0 36,500.0
Accruals 72,000.0
other accounts payable 32,300.0 15,000.0 21,200.0 30,000.0 401,600.0
other current liabilities 148,000.0 68,300.0 56,600.0 69,600.0 438,100.0
Current liabilities 686,300.0 611,200.0 514,800.0 479,600.0 557,500.0
Shareh. equity, min. int. & liabilities 1,623,200.0 1,542,000.0 1,540,700.0 1,717,600.0 1,643,400.0
Profit and loss account
Net sales 1,300,000.0 1,353,900.0 1,263,700.0 1,270,300.0 1,280,200.0
Other operating revenue 18,000.0 24,400.0 36,100.0 20,000.0 92,400.0
Operating revenue 1,318,000.0 1,378,300.0 1,299,800.0 1,290,300.0 1,372,600.0
Cost of goods sold 761,300.0 816,000.0 788,700.0 780,200.0 804,600.0
Gross profit 556,700.0 562,300.0 511,100.0 510,100.0 568,000.0
Other operating
expenses 475,000.0 502,000.0 492,100.0 482,600.0 506,700.0
Operating result 81,700.0 60,300.0 19,000.0 27,500.0 61,300.0
Interest revenues 5,100.0 6,600.0 10,000.0 7,900.0 5,600.0
other financial revenues 2,200.0 4,100.0 10,700.0 25,000.0 22,700.0
Financial income 7,300.0 10,700.0 20,700.0 32,900.0 28,300.0
Interest expenses 16,800.0 22,500.0 24,400.0 21,800.0 24,300.0
other financial expenses 100.0 5,600.0 10,600.0 25,300.0 2,800.0
Financial expenses 16,900.0 28,100.0 35,000.0 47,100.0 27,100.0
Financial result -9,600.0 -17,400.0 -14,300.0 -14,200.0 1,200.0
Result before extraordinary items 72,100.0 42,900.0 4,700.0 13,300.0 62,500.0
Extraordinary Result 0.0 0.0 0.0 0.0
Result before taxes 72,100.0 42,900.0 4,700.0 13,300.0 62,500.0
Taxes 19,100.0 15,200.0 9,700.0 10,800.0 13,200.0
Result before
minority interests 53,000.0 27,700.0 -5,000.0 2,500.0 49,300.0
minority interests 2,500.0 1,500.0 2,100.0 2,000.0 0.0
Result for the financial year 50,500.0 26,200.0 -7,100.0 500.0 49,300.0
Cash flow
Depreciation 35,000.0 41,000.0 42,500.0 38,900.0 33,100.0
Cash flow 88,000.0 68,700.0 37,500.0 41,400.0 82,400.0
Cash flow from operating activities 129,400.0 83,200.0 114,200.0 32,600.0 63,400.0
Investments in tangible fixed assets 19,700.0 23,600.0 58,400.0 81,300.0 33,400.0
Cash flow from investing activities -80,300.0 20,700.0 -21,900.0 -100,700.0 -25,600.0
Cash flow from financing activities 23,200.0 -89,600.0 -72,400.0 43,400.0 -128,900.0
Others -3,200.0 -2,500.0 -3,000.0 -600.0 -19,700.0
Change in liquidity 69,100.0 11,800.0 16,900.0 -25,300.0 -110,800.0
Liquidity at beginning of the year 317,200.0 305,400.0 288,500.0 313,800.0 424,600.0
Liquidity at end of the year 386,300.0 317,200.0 305,400.0 288,500.0 313,800.0
Notes
Material costs 761,300.0 816,000.0 788,700.0 556,100.0 804,600.0
Cost of employees 424,400.0 440,300.0 435,000.0 429,900.0 458,000.0
Research and Development 74,200.0 68,900.0 70,100.0 69,200.0 76,400.0
Added value 548,300.0 546,700.0 506,600.0 503,900.0 577,900.0
Working Capital 238,300.0 166,200.0 168,200.0 238,200.0 621,100.0
Net Current Assets 412,300.0 344,700.0 452,000.0 495,800.0 440,100.0
Sales per Employee 268.5 259.2 246.6 237.8 250.0
Market capitalisation 765,800.0 539,000.0 465,000.0 415,000.0 766,000.0
Gross cost land
and buildings 474,700.0 469,200.0 461,600.0 365,200.0 354,500.0
Gross cost other tangible fixed assets 242,200.0 231,800.0 235,800.0 305,900.0 321,200.0
Gross cost total 716,900.0 701,000.0 697,400.0 671,100.0 675,700.0
Insurance value total 795,000.0 760,000.0 746,000.0 655,000.0 736,000.0
Employees at year end 4,841 5,224 5,124 5,343 5,121
Owner/-s
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: BOBST
GROUP SA
City/Country: Mex
VD/VD, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Investments
It is believed that the
company has no investments.
Financials
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
14.11.2014 2014 0 Legal
actions
31.12.2013 2013 1 18,855.-- Opposition filed
31.12.2012 2012 1 374,315.-- Opposition filed
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 0 Legal
actions
31.12.2006 2006 1 185.-- Opposition filed
31.12.2005 2005 2 79,112.-- Opposition filed
31.12.2004 2004 1 70,094.-- 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.
Payment experiences
Debt collection case:
SEP 2013: CHF 144.00, paid.
MAR 2010: CHF 1'008.00,
paid.
Remarks
Note: The VAT number -
CHE-116.278.926 MWST - is the Group VAT number.
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 considered to be very good.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.