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Report No. : |
323464 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SUNRAY (DIVISION DER COOP GENOSSENSCHAFT) |
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Registered Office : |
Gallenweg 8, 4133 Pratteln/BL, Switzerland/CH |
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Country : |
Switzerland
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1907 |
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Legal Form : |
Branch of Domestic Company |
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Line of Business : |
Subject is engaged in the trading, refining and marketing
of food. Range includes sugar, oils, baking & dessert, vegetables, spices
& herbs, dried fruit, nut kernels, dried mushrooms and evetagels, |
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No. of Employees : |
86 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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 |
SUNRAY (DIVISION
DER COOP GENOSSENSCHAFT)
Gallenweg 8
4133 Pratteln/BL
Switzerland/CH
Telephone: 061
8254900
Fax: 061
8254590
Web
site: http://www.sunray.ch
E-mail: info@sunray.ch
WIN
Worldbox No.: CH0008426492
VAT-No.: CHE-116.311.185 MWST
Established: 1907
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1089 Manufacture of other food products n.e.c.
1082 Manufacture of cocoa, chocolate and sugar
confectionery
1084 Manufacture of condiments and seasonings
Import/Export: Import
Quality
certification: ISO 9001:2008
Banks: unknown
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 86
Sales: CHF 135,000,000.--
The company is engaged in the trading, refining and marketing of food. Range includes sugar, oils, baking & dessert, vegetables, spices & herbs, dried fruit, nut kernels, dried mushrooms and evetagels. Around 45,000 tons of produce is processed daily and packed into some 62 million packs.
Production area: 13,000 m2.
Real
Estate: It is understood
that the company owns certain property.
Registration: The company is not recorded in
the Company Register.
Legal
form: Branch of domestic
company
Legal
status: active
Title Name
Chief
Executive Officer Lorenzo
Pelucchi (lorenzo.pelucchi@sunray.ch)
Chief
Marketing Officer, Chief Sales Officer Daniel
Gerber (daniel.gerber@sunray.ch)
Key
Account Manager Angela
Nägele (angela.naegele@sunray.ch)
Chief
Development Officer, Chief Quality Assurance Officer Jacqueline Luft (jacqueline.luft@sunray.ch)
Chief
Production Officer Thomas
Beeler (thomas.beeler@sunray.ch)
Chief
Purchase Officer Claudio
von Felten (claudio.vonfelten@sunray.ch)
WIN: CH0000022042
Name: Coop-Gruppe
Genossenschaft
City/Country: Basel/BS, Switzerland/CH
Name: Coop-Gruppe
Genossenschaft
City/Country: Basel/BS, 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: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: Local
GAAP Local GAAP Local GAAP Local GAAP Local GAAP
Balance Sheet
Intangible fixed
assets 1,309.0 1,228.0 1,463.0 1,633.0 1,101.0
Land and buildings 6,835.0 8,564.0 8,333.0 8,330.0 6,191.0
Other tangible
fixed assets 3,416.0 1,395.0 1,494.0 1,553.0 1,285.0
Tangible fixed
assets 10,251.0 9,959.0 9,827.0 9,883.0 7,476.0
Financial fixed
assets 294.0 304.0 311.0 261.0 1,170.0
Fixed assets 11,854.0 11,491.0 11,601.0 11,777.0 9,747.0
Stocks 2,810.0 2,718.0 2,622.0 2,581.0 1,942.0
Trade accounts
receivable 888.0 909.0 938.0 951.0 552.0
Cash & Cash
Equivalents 1,178.0 1,513.0 929.0 442.0 1,762.0
Securities 15.0 23.0 89.0 130.0 110.0
other trade
accounts 342.0 323.0 367.0 282.0 217.0
Accruals 354.0 340.0 334.0 329.0 294.0
Other current
assets 1,889.0 2,199.0 1,719.0 1,183.0 2,383.0
Current assets 5,587.0 5,826.0 5,279.0 4,715.0 4,877.0
Total assets 17,441.0 17,317.0 16,880.0 16,492.0 14,624.0
Other shareholders
funds 7,665.0 7,347.0 6,892.0 6,436.0 6,080.0
Total shareholders equity 7,665.0 7,347.0 6,892.0 6,436.0 6,080.0
Minority interests 424.0 390.0 370.0 350.0 331.0
long term debt
(financial debts) 3,712.0 3,397.0 3,685.0 3,551.0 3,681.0
Provisions 1,069.0 1,043.0 1,084.0 1,022.0 1,078.0
Non current liabilities 4,781.0 4,440.0 4,769.0 4,573.0 4,759.0
short term debt
(financial debts) 1,041.0 1,443.0 1,187.0 1,529.0 1,005.0
Trade accounts
payable 1,882.0 1,977.0 2,242.0 2,224.0 1,326.0
Provisions 327.0 364.0 313.0 304.0 140.0
Accruals 936.0 970.0 628.0 598.0 562.0
other accounts
payable 385.0 386.0 479.0 478.0 421.0
other current
liabilities 1,648.0 1,720.0 1,420.0 1,380.0 1,123.0
Current liabilities 4,571.0 5,140.0 4,849.0 5,133.0 3,454.0
Shareh. equity, min. int. & liabilities 17,441.0 17,317.0 16,880.0 16,492.0 14,624.0
Profit and loss
account
Net sales 27,163.0 26,967.0 26,731.0 26,640.0 18,965.0
Other operating
revenue 1,015.0 1,020.0 1,003.0 975.0 788.0
Operating revenue 28,178.0 27,987.0 27,734.0 27,615.0 19,753.0
Cost of goods sold 19,432.0 19,197.0 18,980.0 18,941.0 12,480.0
Gross profit 8,746.0 8,790.0 8,754.0 8,674.0 7,273.0
Other operating
expenses 7,914.0 7,993.0 8,019.0 7,963.0 6,563.0
Operating result 832.0 797.0 735.0 711.0 710.0
Interest revenues 10.0 13.0 14.0 17.0 29.0
other financial
revenues 8.0 20.0 55.0 131.0 52.0
Financial income 18.0 33.0 69.0 148.0 81.0
Interest expenses 90.0 114.0 116.0 140.0 123.0
other financial
expenses 7.0 8.0 9.0 94.0 15.0
Financial expenses 97.0 122.0 125.0 234.0 138.0
Financial result -79.0 -89.0 -56.0 -86.0 -57.0
Result before extraordinary items 753.0 708.0 679.0 625.0 653.0
Extraordinary
income 0.0 0.0 0.0 40.0
Extraordinary
expenses 0.0 0.0 0.0 16.0
Extraordinary
Result 0.0 0.0 0.0 0.0 24.0
Result before taxes 753.0 708.0 679.0 625.0 677.0
Taxes 187.0 160.0 148.0 122.0 144.0
Result before
minority interests 566.0 548.0 531.0 503.0 533.0
minority interests 96.0 86.0 79.0 71.0 63.0
Result for the financial year 470.0 462.0 452.0 432.0 470.0
Cash flow
Depreciation 1,131.0 1,177.0 1,193.0 881.0 742.0
Cash flow 1,697.0 1,725.0 1,724.0 1,384.0 1,275.0
Cash flow from
operating activities 1,551.0 1,667.0 1,711.0 1,761.0 1,709.0
Investments in
tangible fixed assets 1,209.0 989.0 854.0 1,399.0 286.0
Cash flow from
investing activities -1,700.0 -965.0 -950.0 -3,116.0 -653.0
Cash flow from
financing activities -166.0 -116.0 -275.0 40.0 211.0
Others -20.0 -2.0 2.0 -5.0 -2.0
Change in
liquidity -335.0 584.0 488.0 -1,320.0 1,265.0
Liquidity at
beginning of the year 1,513.0 929.0 442.0 1,762.0 497.0
Liquidity at end
of the year 1,178.0 1,513.0 930.0 442.0 1,762.0
Notes
Material costs 19,432.0 19,197.0 18,980.0 18,941.0 12,480.0
Cost of employees 4,075.0 4,028.0 4,009.0 3,998.0 3,141.0
Added value 6,049.0 6,027.0 5,997.0 5,644.0 4,683.0
Working Capital 1,816.0 1,650.0 1,318.0 1,308.0 1,168.0
Net Current Assets 1,016.0 686.0 430.0 -418.0 1,423.0
Sales per Employee 0.4 0.4 0.4 0.4 0.4
Gross cost land
and buildings 11,428.0 14,396.0 13,843.0 13,344.0 10,422.0
Gross cost other
tangible fixed assets 19,865.0 4,564.0 4,381.0 4,190.0 3,482.0
Gross cost total 31,293.0 18,960.0 18,224.0 17,534.0 13,904.0
Insurance value
total 17,274.0 17,629.0 16,788.0 13,289.0
Employees at year end 77,087 74,955 75,309 75,296 53,559
Full time units at
year end 66,125 64,399 64,416 64,507 43,925
Employees inland 77,087 74,955 75,309 75,296 53,559
Employees abroad 0 0 0 0 0
Offices 2,022 2,022 2,017 1,991 1,915
Offices inland 2,022 2,022 2,017 1,991 1,915
Offices abroad 0 0 0 0 0
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
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.
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 considered to be very good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
|
|
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 |
|
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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 |
|
|
<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.