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Report No. : |
324761 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
NATUREX AG |
|
|
|
|
Registered Office : |
Industriestrasse 8, 9220 Bischofszell/TG, Switzerland/CH |
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|
|
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Country : |
Switzerland
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|
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|
|
Financials (as on) : |
31.12.2014 |
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|
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Date of Incorporation : |
06.06.1936 |
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|
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Com. Reg. No.: |
440.3.003.460-3 |
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|
|
|
Legal Form : |
Company limited by shares |
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|
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|
Line of Business : |
Production and Distribution of Pectin, Fruit and Vegetable
Powder. |
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|
|
|
No. of Employees : |
150-249 |
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 |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
NATUREX AG
Industriestrasse 8 Branch:
9220
Bischofszell/TG Kirchbergstrasse
211
Switzerland/CH 3400
Burgdorf
Belgium/BE
Telephone: 071
4247300 034
4285400
Fax: 071
4247390 034
4285490
Web
site: http://www.naturex.com
E-mail: naturex.ch@naturex.com
WIN
Worldbox No.: CH0000046674
VAT-No.: CHE-105.844.767 MWST
UID-No.: CHE105844767
Established: 1936
History: 1953: Limited company
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1089 Manufacture of other food products n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2000 (since
2002)
ISO
17025:2005 (since 2007)
Banks: UBS Ltd
TKB
Thurgauer Kantonalbank
CS Credit
Suisse
Coverage: Company
Employees: 150-249
Sales: EUR 40-60 Mio
Branches: 1
Production and distribution of pectin, fruit and vegetable powder. A range of 50 varieties of pectin and over 300 fruit and vegetable powder are produced in all imaginable flavors. Brand names: OBIPEKTIN®, OBISEC® und SPREDA®.
The production area includes 9'843 m2 to 16 Ha.
The group has other production sites in Poland, France, England, Spain, Italy, Morocco, India, Australia, Brazil and the USA.
Real
Estate: It is understood
that the company owns certain property.
Company
No: 440.3.003.460-3
UID-No.: CHE105844767
Legal
form: Company limited by
shares
Registration: 06.06.1936
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Thurgau
History: Date of Statutes:
18.05.1993
Date of
Incorporation Statutes: 30.05.1936
Date of
Statutes: 27.02.2010
Date of
Statutes: 10.07.2007
Date of
Statutes: 27.10.2006
Date of
Statutes: 23.03.2001
Date of
Statutes: 01.11.2000
Date of
Statutes: 18.02.1998
Entry Deleted Name
01.03.2010 Naturex
AG
01.03.2010 Naturex
Ltd (Name translated)
01.03.2010 Naturex
SA (Name translated)
01.03.2010 Obipektin AG
Entry Deleted Legal domicile
active Bischofszell,
Switzerland
Entry Deleted Address
active Industriestrasse
8, 9220 Bischofszell/TG, Switzerland/CH
Entry Deleted Capital
13.07.2007 Share
Capital CHF 15,288,000, paidup CHF 15,288,000
Entry Deleted Capital Structure
13.07.2007 15,288
Registered shares of CHF 1,000.--
Entry Deleted Branches
10.04.2001 Kirchbergstrasse
215, 3400 Burgdorf/BE, Switzerland/CH
Title Name
President Pascal
Cottet
Citizen:
France
Residential
address: Althen des Paluds, France
single
signature
Registered
since: 06.06.2013
Vice-President Gilles Emmanuel
Assens
Citizen:
France
Residential
address: Bischofszell, Switzerland
single
signature
Registered
since: 07.01.2014
Vice-President Dr. Andreas Moll
Citizen:
Basel, Starrkirch-Wil, Switzerland
Residential
address: 8001 Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 03.11.2000
Title Name
Member
with signing authority Wael Kaibi
Citizen:
France
Residential
address: Montfavet , France
single
signature
Registered
since: 08.04.2011
Title Name
Auditor KPMG AG
Residential
address: St. Gallen, Switzerland
Id:
CH-320.9.034.266-2
Registered
since: 06.10.2010
Name: NATUREX SA
City/Country: Avignon, France/FR
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011
Number of months: 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR
Operating revenue 65,771.0 64,056.0 62,162.0 60,905.0
Result before
minority interests 1,385.0 4,312.0 5,018.0 2,778.0
Total shareholders
equity 28,771.0 25,940.0 20,471.0 19,475.0
Sales per Employee 439.0 427.0 429.0 426.0
Employees at year end 150 150 145 143
Employees inland 150 150 145 143
Employees abroad 0 0 0 0
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.
EUR th. EUR th. EUR th. EUR th.
EUR
Statement norm: IAS IAS IAS
Remarks: restated
Balance Sheet
Intangible fixed
assets 182,142.0 125,440.0 127,052.0 102,732.0 90,178.0
Other tangible
fixed assets 145,990.0 128,079.0 117,010.0
Tangible fixed
assets 145,990.0 128,079.0 117,010.0 103,174.0 92,313.0
Financial fixed assets 5,783.0 5,993.0 4,881.0 1,511.0 724.0
other fixed assets 9,072.0 6,729.0 2,337.0 2,376.0 6,261.0
Fixed assets 342,987.0 266,241.0 251,280.0 209,793.0 189,476.0
Stocks 164,610.0 155,619.0 137,158.0 115,150.0 98,227.0
Trade accounts
receivable 59,696.0 57,935.0 52,113.0
Cash & Cash
Equivalents 29,301.0 12,623.0 10,631.0 37,662.0 17,460.0
Securities 188.0 307.0
other trade
accounts 29,571.0 23,183.0 20,143.0
Other current
assets 58,872.0 35,994.0 31,081.0
Current assets 283,178.0 249,548.0 220,352.0 216,321.0 168,665.0
Total assets 626,165.0 515,789.0 471,632.0 426,114.0 358,141.0
Capital 13,795.0 11,765.0 11,593.0
Other shareholders
funds 337,167.0 261,010.0 246,620.0
Total shareholders
equity 350,962.0 272,775.0 258,213.0 236,180.0 168,403.0
Minority interests 429.0 414.0 412.0 374.0 360.0
long term debt
(financial debts) 171,657.0 91,025.0 69,341.0 87,140.0 108,263.0
Provisions 2,343.0 2,202.0
Other non current
liabilities 18,955.0 15,490.0 16,763.0 13,850.0 13,891.0
Non current
liabilities 190,612.0 106,515.0 86,104.0 103,333.0 124,356.0
short term debt
(financial debts) 17,817.0 72,257.0 58,144.0
Trade accounts
payable 63,510.0 58,628.0 64,526.0
Provisions 529.0 400.0 378.0
other accounts
payable 2,306.0 4,800.0 3,855.0
other current liabilities 2,835.0 5,200.0 4,233.0
Current
liabilities 84,162.0 136,085.0 126,903.0 86,227.0 65,022.0
Shareh. equity,
min. int. & liabilities 626,165.0 515,789.0 471,632.0 426,114.0 358,141.0
Profit and loss account
Net sales 327,350.0 320,786.0 299,823.0 253,573.0 226,306.0
Other operating
revenue 6,512.0 9,067.0 17,116.0
Operating revenue 333,862.0 329,853.0 316,939.0
Cost of goods sold 133,277.0 124,815.0 124,298.0
Gross profit 200,585.0 205,038.0 192,641.0
Other operating
expenses 192,903.0 175,979.0 160,067.0
Operating result 7,682.0 29,059.0 32,574.0 31,620.0 27,473.0
Financial income 0.0 0.0 0.0
other financial
expenses 9,701.0 3,193.0 894.0
Financial expenses 9,701.0 3,193.0 894.0
Financial result -9,701.0 -3,193.0 -894.0
Result before extraordinary
items -2,019.0 25,866.0 31,680.0
Result before
taxes -2,019.0 25,866.0 31,680.0
Taxes 2,071.0 9,044.0 8,741.0
Result before
minority interests -4,090.0 16,822.0 22,939.0
minority interests 10.0 7.0 38.0
Result for the
financial year -4,100.0 16,815.0 22,901.0 17,657.0 14,810.0
Cash flow
Depreciation 22,381.0 17,888.0 14,985.0
Cash flow 18,291.0 34,710.0 37,924.0
Cash flow from
operating activities 40,124.0 7,763.0 14,559.0
Investments in
tangible fixed assets 26,382.0 28,399.0 25,162.0
Cash flow from
investing activities -85,461.0 -32,921.0 -56,591.0
Cash flow from
financing activities 61,774.0 33,872.0 8,474.0
Others 109.0 416.0 276.0
Change in
liquidity 16,546.0 9,130.0 -33,282.0
Liquidity at
beginning of the year 12,594.0 3,464.0 36,746.0
Liquidity at end
of the year 29,140.0 12,594.0 3,464.0
Cost of employees 77,270.0 69,139.0 58,358.0
Added value 97,632.0 112,893.0 105,023.0
Working Capital 160,796.0 154,926.0 124,745.0
Net Current Assets 199,016.0 113,463.0 93,449.0 130,094.0 103,643.0
Sales per Employee 190.5 205.5 206.1
Gross cost land
and buildings 134,983.0 113,837.0 96,772.0
Gross cost other
tangible fixed assets 121,189.0 97,010.0 88,765.0
Gross cost total 256,172.0 210,847.0 185,537.0
Employees at year end 1,718 1,561 1,455
Employees average 421 400 385
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: NATUREX SA
City/Country: Avignon, France/FR
Interest: 100,00% voting right, 100,00%
capital interest (since 01.03.2010)
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
21.08.2014 2014 1 12,858.-- Opposition filed
31.12.2013 2013 1 3,504.-- Open legal actions
31.12.2012 2012 1 2,400.-- Opposition filed
31.12.2011 2011 1 6,747.-- Open legal actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 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 2007: CHF 873.00, paid.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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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.