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Report No. : |
326390 |
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Report Date : |
15.06.2015 |
IDENTIFICATION DETAILS
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Name : |
AGC VERRES INDUSTRIELS SA |
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Registered Office : |
Quartier de la Verrerie 25, 2740 Moutier/BE, Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
1841 |
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Com. Reg. No.: |
073.3.002.657-4 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Manufacture, sale and distribution of special glass in all of forms. Products
are insulated glass, laminated glass, bullet-proof glass, alarm-laminated
safety glass, heatable laminated safety glass, safety glass, tempered glass
alarm, fire-resistant glass, fire resistant glass, Alamrglas and curved glass |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
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 |
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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 |
AGC VERRES
INDUSTRIELS SA
Quartier de la Verrerie 25
2740 Moutier/BE
Switzerland/CH
Telephone: 032 4945111
Fax: 032 4945191
Web site: http://www.yourglass.com
E-mail: contact@vim.ch
WIN Worldbox No.: CH0001635844
VAT-No.: CHE-101.664.806
MWST
UID-No.: CHE101664806
Established: 1841
History: 1951: Limited company
1841: Established from Célestin Châtelain
Line of Business: Glas
Industry Division: Manufacturing
Industry-code (NACE): 2313 Manufacture of hollow glass
Import/Export: Export
Quality certification: ISO
9001:2000
ISO
14001
Banks: UBS
Ltd
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 200
Sales: CHF 40-60 Mio
The business activities includes the manufacture, sale and distribution
of special glass in all of forms. Products are insulated glass, laminated
glass, bullet-proof glass, alarm-laminated safety glass, heatable laminated
safety glass, safety glass, tempered glass alarm, fire-resistant glass, fire
resistant glass, Alamrglas and curved glass
Real Estate: It is understood
that the company owns certain property.
Area: 25,000 m2
Company No: 073.3.002.657-4
UID-No.: CHE101664806
Legal form: Company Limited
By Shares
Registration: 07.04.1955
Legal status: active
Responsible Register: Handelsregister
des Kantons Bern
History: Date of Statutes:
15.12.1978
Date of Statutes:
23.06.1995
Date of Incorporation
Statutes: 30.03.1955
Date of Statutes:
27.05.2014
Date of Statutes:
07.02.2011
Date of Statutes:
04.11.2009
Date of Statutes:
21.11.2001
Entry Deleted Name
25.06.2014 AGC
Verres Industriels SA
09.02.2011 Verres Industriels S.A.
09.02.2011 25.06.2014 AGC VERRES INDUSTRIELS SA
Entry Deleted Legal domicile
active Moutier,
Switzerland
Entry Deleted Address
active quartier de la
Verrerie 25, 2740 Moutier, Switzerland/CH
Entry Deleted Capital
27.12.2001 Share
Capital CHF 5,200,000, paidup CHF 5,200,000
Entry Deleted Capital Structure
25.06.2014 5,200,000
Registered shares of CHF 1.--
27.12.2001 25.06.2014 5,200 Registered shares of CHF 1,000.--
Title Name
President Alessandro
Seravalli
Citizen: Lancy,
Switzerland
Residential address:
Founex, Switzerland
single signature
Director Philippe
Bastien
Citizen: Belgium
Residential address:
Bruxelles, Belgium
joint signature of two
Registered since:
23.07.2007
Director Philippe
Degoumois
Citizen: Tramelan,
Switzerland
Residential address:
Moutier, Switzerland
without signature
Director Jörn Hesselbach
Citizen: Germany
Residential address:
Meggen, Switzerland
joint signature of two
Registered since:
25.06.2014
Director Paolo Jelmini
Citizen: Tenero-Contra,
Switzerland
Residential address:
6983 Magliaso/TI, Switzerland
joint signature of two
Registered since:
17.11.2009
Title Name
Director Jean Maushart
Citizen: France
Residential address:
Lutterbach, France
joint signature of two
Registered since:
19.04.2013
Vice-Director Sylvaine Gygax
Citizen: Eriz,
Switzerland
Residential address:
Moutier, Switzerland
joint signature of two
Member with procuration Bernard
Cuttat
Citizen: Rossemaison, Switzerland
Residential address:
2842 Rossemaison/JU, Switzerland
joint power of attorney
of two
Registered since:
07.06.2010
Member with procuration Nicolas
Noirjean
Citizen: Lugnez,
Switzerland
Residential address:
Lugnez, Switzerland
joint power of attorney
of two
Member with procuration Pierre
Stettler
Citizen: Eggiwil,
Switzerland
Residential address:
Courrendlin, Switzerland
joint power of attorney
of two
Registered since:
13.06.2005
Title Name
Auditor KPMG SA
Residential address:
Neuchâtel, Switzerland
Id: CHE-474.400.908
Registered since:
19.09.2000
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Verreries de Moutier
Holding S.A.
City/Country: Moutier/BE,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 1993)
Class: 50-100%
Name: Magnetron C.V.
City/Country: Tiel,
Netherlands/NL
Interest: 0,00% capital
interest
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount
CHF Status
17.10.2014 2014 0 Legal
actions
31.12.2013 2013 1 100,000.-- Opposition filed
31.12.2012 2012 1 60,512.-- 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
31.12.2007 2007 0 Legal
actions
16.02.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
31.12.2002 2002 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.
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 difficult to assess.
Payment experiences: Financial
obligations are paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.