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Report No. : |
332885 |
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Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MOULINS DE GRANGES S.A. |
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Registered Office : |
Route des Moulins 31, Case postale 68,
1523 Granges-Marnand/VD, Switzerland/CH |
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Country : |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
17.01.1912 |
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Com. Reg. No.: |
550.0.105.241-3 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Subject is engaged in the operation and services of a mill
for the processing and production of cereals, food and feed. The company is
one of the 6 production of common wheat flour and belongs to Groupe
Minoteries. |
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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) |
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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 |
MOULINS DE GRANGES S.A.
Route des Moulins
31
Case postale 68
1523
Granges-Marnand/VD
Switzerland/CH
Telephone: 026
6685111
Web
site: http://www.minoteries.ch
E-mail: groupe@minoteries.ch
WIN
Worldbox No.: CH0000075504
VAT-No.: CHE-101.771.833 MWST
UID-No.: CHE101771833
Established: 1912
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1061 Manufacture of grain mill products
Quality
certification: ISO 9001
ISO 14001
ISO 22000
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 40
Sales: CHF 27,800,000.--
The business activities includes the operation and services of a mill for the processing and production of cereals, food and feed. The company is one of the 6 production of common wheat flour and belongs to Groupe Minoteries. The group is at the national level a leading supplier of wheat flour. Other production facilities are located in Goldach/SG, Penthalaz/VD, Sion/VS, Bern and Schaffhausen.
Information on property ownership was not
available.
Company
No: 550.0.105.241-3
UID-No.: CHE101771833
Legal
form: Company Limited
By Shares
Registration: 17.01.1912
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Vaud
History: Date of Statutes:
10.10.1995
Date of Statutes:
09.05.1963
Date of
Statutes: 21.05.2008
Entry Deleted Name
active Moulins
de Granges S.A.
Entry Deleted Legal domicile
17.08.2011 Valbroye,
Switzerland
17.08.2011 Granges-près-Marnand, Switzerland
Entry Deleted Address
25.08.2011 Route
des Moulins 31, Case postale 68, 1523 Granges-près-Marnand, Switzerland/CH
17.08.2011 1523 Granges-Marnand, Switzerland/CH
17.08.2011 25.08.2011 Route des Moulins 31, Case postale 68, 1523
Granges-Marnand/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,200,000, paidup CHF 1,200,000
Entry Deleted Capital Structure
active 2,400
Registered shares of CHF 500.--
Title Name
President Michel
Amaudruz
Citizen:
Lutry, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Chief
Executive Marc
Müller
Citizen:
Tegerfelden, Switzerland
Residential
address: Mörschwil, Switzerland
joint
signature of two
Registered
since: 22.11.2002
Director Blaise
Simon
Citizen:
Haute-Sorne, Switzerland
Residential
address: Attalens, Switzerland
joint
signature of two
Registered
since: 20.05.2008
Title Name
Member
with signing authority André
Betschart
Citizen:
Schwyz, Switzerland
Residential
address: Valbroye, Switzerland
joint
signature of two
Member
with signing authority Jürg Werner
Häfeli
Citizen:
Seengen, Switzerland
Residential
address: Goldach, Switzerland
joint
signature of two
Registered
since: 30.08.2005
Member
with procuration Pascal
Locher
Citizen:
Hasle bei Burgdorf, Switzerland
Residential
address: Bulle, Switzerland
joint
power of attorney of two
Registered
since: 11.09.2014
Title Name
Auditor PricewaterhouseCoopers
SA
Residential
address: Pully, Switzerland
Registered
since: 22.01.2001
Name: Groupe Minoteries SA
City/Country: Granges-près-Marnand/VD,
Switzerland/CH
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: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
Balance Sheet
Intangible fixed
assets 2,511.0 3,348.0 4,185.0 5,022.0 145.0
Land and buildings 51,506.0 52,181.0 38,281.0 38,142.0 36,408.0
Other tangible
fixed assets 28,669.0 28,227.0 27,393.0 25,677.0 24,547.0
Tangible fixed
assets 80,175.0 80,408.0 65,674.0 63,819.0 60,955.0
Financial fixed
assets 6,541.0 7,780.0 6,602.0 7,075.0 11,109.0
other fixed assets 0.0 0.0 0.0 0.0 0.0
Fixed assets 89,227.0 91,536.0 76,461.0 75,916.0 72,209.0
Stocks 31,488.0 30,875.0 21,067.0 21,688.0 15,613.0
Trade accounts
receivable 15,186.0 15,212.0 12,656.0 12,703.0 11,953.0
Cash & Cash
Equivalents 5,931.0 9,122.0 4,002.0 2,861.0 2,977.0
other trade
accounts 1,721.0 2,467.0 1,262.0 812.0 2,822.0
Accruals 122.0 162.0 225.0 231.0 434.0
Other current
assets 7,774.0 11,751.0 5,489.0 3,904.0 6,233.0
Current assets 54,448.0 57,838.0 39,212.0 38,295.0 33,799.0
Total assets 143,675.0 149,374.0 115,673.0 114,211.0 106,008.0
Capital 1,650.0 1,650.0 1,650.0 1,650.0 1,650.0
Other shareholders
funds 80,818.0 77,047.0 82,272.0 80,461.0 73,439.0
Total shareholders
equity 82,468.0 78,697.0 83,922.0 82,111.0 75,089.0
Minority interests 272.0 259.0 240.0 219.0 195.0
long term debt
(financial debts) 17,000.0 22,000.0 5,000.0 0.0 1,000.0
Provisions 15,552.0 16,647.0 13,964.0 14,730.0 12,492.0
Non current
liabilities 32,552.0 38,647.0 18,964.0 14,730.0 13,492.0
short term debt
(financial debts) 15,501.0 17,115.0 4,531.0 7,620.0 7,260.0
Trade accounts
payable 11,178.0 13,057.0 7,291.0 8,418.0 8,929.0
Accruals 1,704.0 1,599.0 725.0 1,113.0 1,043.0
other current
liabilities 1,704.0 1,599.0 725.0 1,113.0 1,043.0
Current
liabilities 28,383.0 31,771.0 12,547.0 17,151.0 17,232.0
Shareh. equity,
min. int. & liabilities 143,675.0 149,374.0 115,673.0 114,211.0 106,008.0
Profit and loss account
Net sales 150,759.0 138,690.0 129,560.0 131,800.0 125,379.0
Other operating
revenue 7,054.0 4,465.0 3,809.0 6,814.0 4,031.0
Operating revenue 157,813.0 143,155.0 133,369.0 138,614.0 129,410.0
Cost of goods sold 104,757.0 94,206.0 87,660.0 87,753.0 81,345.0
Gross profit 53,056.0 48,949.0 45,709.0 50,861.0 48,065.0
Other operating
expenses 46,890.0 42,377.0 39,965.0 39,698.0 38,530.0
Operating result 6,166.0 6,572.0 5,744.0 11,163.0 9,535.0
Interest revenues 209.0 224.0 129.0 192.0 354.0
other financial
revenues 13.0 0.0 9.0 26.0 26.0
Financial income 222.0 224.0 138.0 218.0 380.0
Interest expenses 838.0 417.0 107.0 254.0 390.0
other financial
expenses 0.0 0.0
Financial expenses 838.0 417.0 107.0 254.0 390.0
Financial result -616.0 -193.0 31.0 -36.0 -10.0
Result before
extraordinary items 5,550.0 6,379.0 5,775.0 11,127.0 9,525.0
Extraordinary
income 882.0 340.0
Extraordinary
expenses 386.0 290.0
Extraordinary
Result 0.0 496.0 50.0 0.0 0.0
Result before
taxes 5,550.0 6,875.0 5,825.0 11,127.0 9,525.0
Taxes 328.0 1,768.0 691.0 3,062.0 2,132.0
Result before minority
interests 5,222.0 5,107.0 5,134.0 8,065.0 7,393.0
minority interests 16.0 23.0 25.0 27.0 30.0
Result for the
financial year 5,206.0 5,084.0 5,109.0 8,038.0 7,363.0
Cash flow
Depreciation 7,086.0 5,769.0 5,665.0 4,672.0 4,844.0
Cash flow 12,308.0 10,876.0 10,799.0 12,737.0 12,237.0
Cash flow from
operating activities 8,911.0 9,004.0 10,284.0 15,924.0
Investments in
tangible fixed assets 6,061.0 4,256.0 3,332.0 3,652.0
Cash flow from
investing activities -4,349.0 -8,132.0 -5,128.0 -2,297.0
Cash flow from
financing activities -7,753.0 269.0 -5,077.0 -13,994.0
Change in
liquidity -3,191.0 1,141.0 79.0 -367.0
Liquidity at
beginning of the year 9,122.0 2,861.0 2,782.0 3,149.0
Liquidity at end
of the year 5,931.0 4,002.0 2,861.0 2,782.0
Notes
Material costs 104,757.0 94,206.0 87,660.0 88,383.0 79,048.0
Cost of employees 24,521.0 22,678.0 21,564.0 20,680.0 20,085.0
Added value 37,995.0 35,739.0 33,161.0 36,733.0 34,844.0
Working Capital 35,496.0 33,030.0 26,432.0 25,973.0 18,637.0
Net Current Assets 26,065.0 26,067.0 26,665.0 21,144.0 16,567.0
Sales per Employee 694.7 633.3 708.0 740.4 764.5
Market
capitalisation 112,200.0 102,220.0 151,800.0 156,750.0 97,350.0
Gross cost land
and buildings 84,731.0 83,574.0 68,411.0 66,788.0 61,612.0
Gross cost other
tangible fixed assets 93,050.0 93,105.0 90,969.0 83,441.0 88,892.0
Gross cost total 177,781.0 176,679.0 159,380.0 150,229.0 150,504.0
Insurance value
total 16,820.5 16,774.7 16,540.9 253,140.0 224,962.0
Full time units at
year end 217 219 183 178 164
Employees inland 217 219 183 178 164
Employees abroad 0 0 0 0 0
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Groupe Minoteries SA
City/Country: Granges-près-Marnand/VD,
Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: bonvita AG
City/Country: Stein am Rhein/SH,
Switzerland/CH
Name: Bruggmühle Goldach AG
City/Country: Goldach/SG, Switzerland/CH
Name: Geferina AG
City/Country: Brugg/AG, Switzerland/CH
Name: Intermill AG
City/Country: Schöftland/AG, Switzerland/CH
Name: Moulins de Sion SA
City/Country: Sion/VS, Switzerland/CH
Name: Sopafi, Société de
Participations Financières, Industrielles et Immobilières SA
City/Country: Sion/VS, Switzerland/CH
Name: Steiner Mühle AG
City/Country: Zollbrück/BE, Switzerland/CH
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
25.07.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
10.07.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 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 World
Compliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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 good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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.