MIRA INFORM REPORT
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Report No. : |
313662 |
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Report Date : |
25.03.2015 |
IDENTIFICATION DETAILS
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Name : |
BEZEMA AG |
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Registered Office : |
Kriessernstrasse 20 Industriegebiet Letzau
9462 Montlingen/SG |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1971 |
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Com. Reg. No.: |
320.3.012.132-1 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Manufacture of paints, varnishes and similar coatings, printing ink
and mastics |
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No. of Employee : |
1,753 |
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 : |
Regular |
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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) |
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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 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 come under 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 will have a lasting impact on
Switzerland's long history of bank secrecy.
|
Source
: CIA |
Company
name and address
BEZEMA AG
Operating address:
Kriessernstrasse 20
Industriegebiet Letzau
9462 Montlingen/SG
Switzerland/CH
Telephone: 071 7638811
Fax: 071 7638888
Web site: http://www.bezema.com
E-mail: bezema@bezema.com
WIN Worldbox No.: CH0000250412
VAT-No.: CHE-107.294.062 MWST
UID-No.: CHE107294062
Profile
Established: 1971
History: 1971: Established from Reinhold Beitlich
Line of Business: Chemicals
Industry Division: Manufacturing
Industry-code (NACE): 2030 Manufacture
of paints, varnishes and similar coatings, printing ink and mastics
Import/Export: Export
Export sales: 94,0%
Quality certification: ISO 9001:2008
ISO 14001:2004
Banks: unknown
Operational
Figures
Coverage: Company
Figures: approximately
Financial year: 2015
Employees: 210
Sales: CHF 80-100 Mio
Activity
The company develops, manufactures and distributes a complete line of
textile dyestuffs and auxiliaries for all textile finishing steps. It is
respected as one of the leading producers of high quality colour materials.
The company has a plant area of more than 35,000 m2 and its
infrastructure has room for all activities: administration, laboryatory
services, research and development as well as production logistics and
inventory management.
Real
Estate
Real Estate: The company owns buildings.
Area: 35,000 m2
Company
Register
Company No: 320.3.012.132-1
UID-No.: CHE107294062
Legal form: Company limited by shares
Registration: 20.07.1971
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date of Statutes:
22.07.1996
Date of Statutes: 28.10.1993
Date of Statutes: 28.10.1992
Date of Statutes: 30.12.1987
Date of Incorporation Statutes:
20.07.1971
Entry Deleted Name
29.10.1992 Bezema AG
09.01.1990 29.10.1992 Bezema-Chemie
AG
Entry Deleted Legal domicile
09.01.1990 Oberriet (SG), Switzerland
Entry Deleted Address
17.10.1995 Kriessernstrasse 20, 9462
Montlingen/SG, Switzerland/CH
09.01.1990 17.10.1995 Kriessernstrasse,
9462 Montlingen/SG, Switzerland/CH
Entry Deleted Capital
05.11.1993 Share Capital CHF 2,000,000,
paidup CHF 2,000,000
Entry Deleted Capital Structure
05.11.1993 2,000 Registered shares of
CHF 1,000.--
Official
Administration
Title Name
President Dr. Wolfgang
Bongen
Citizen: Germany
Residential
address: Neuhausen auf den Flidern, Germany
joint signature of
two
Registered since:
20.06.2014
Chief Executive Detlef Fischer
Citizen: Germany
Residential
address: 9303 Wittenbach/SG, Switzerland
joint signature of
two
Registered since:
25.08.2011
Director Erich
Mechel
Citizen: Germany
Residential
address: Esslingen , Germany
joint signature of
two
Registered since:
21.07.2011
Management
Title Name
Director Hans-Peter
Waibel
Citizen:
Diepoldsau, Switzerland
Residential
address: 9444 Diepoldsau/SG, Switzerland
joint signature of
two
Registered since:
22.07.2008
Member with procuration Hermann Böhler
Citizen: Austria
Residential
address: Koblach , Austria
joint power of
attorney of two
Registered since:
25.08.2011
Member with procuration Natal Stefan Hasler
Citizen: Oberriet
SG, Switzerland
Residential
address: Heerbrugg/SG, Switzerland
joint power of
attorney of two
Registered since:
13.06.2012
Member with procuration Patrick Jäger
Citizen: Urnäsch,
Switzerland
Residential
address: St. Gallen/SG, Switzerland
joint power of
attorney of two
Registered since:
13.06.2012
Member with procuration Sanel Pjanic
Citizen: Oberriet
SG, Switzerland
Residential
address: Oberriet/SG, Switzerland
joint power of
attorney of two
Registered since:
20.06.2014
Member with procuration Philipp Pridgar
Citizen: Berneck,
Switzerland
Residential
address: Oberriet/SG, Switzerland
joint power of
attorney of two
Registered since:
13.06.2012
Member with procuration Ivo Rüegg
Citizen: Eschenbach
SG, Switzerland
Residential
address: 9323 Steinach/SG, Switzerland
joint power of
attorney of two
Registered since:
25.08.2011
Member with procuration Roland Wörnhard
Citizen: Oberriet
SG, Switzerland
Residential
address: Oberriet/SG, Switzerland
joint power of
attorney of two
Registered since:
09.07.2013
External
Positions
Title Name
Auditor Ernst
& Young AG
Residential
address: St. Gallen, Switzerland
Id: CHE-327.393.030
Registered since:
09.07.2013
Executive
board
Title Name
Chief Executive Officer Detlef Fischer
Chief Financial Officer Hans-Peter Waibel
Chief Sales Officer Natal Stefan Hasler
(natal.hasler@bezema.com)
Ultimate
Parent Company
Name: Vermögensträger Beitlich GmbH
City/Country: Tübingen, Germany/DE
Financial Data Vermögensträger Beitlich
GmbH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012
Number of months: 12 12
Currency: th.
EUR th. EUR
Statement norm: Local GAAP Local GAAP
BALANCE SHEET
Intangible fixed assets 5,283.9 7,102.4
Land and buildings 43,452.7 44,825.2
Other tangible fixed assets 28,901.7 30,570.0
Tangible fixed assets 72,354.4 75,395.2
Financial fixed assets 376.9 351.1
Fixed assets 78,015.2 82,848.7
Stocks 85,895.1 88,046.6
Trade accounts receivable 93,094.2 92,409.6
Liquid assets 55,113.3 80,199.6
Securities 48,654.1 8,200.9
other trade accounts 12,372.8 13,462.1
Accruals 732.0 1,332.2
Other current assets 116,872.2 103,194.8
Current assets 295,861.5 283,651.0
Total assets 373,876.7 366,499.7
Capital 25,000.0 25,000.0
Other shareholders funds 270,981.4 265,526.5
Total shareholders equity 295,981.4 290,526.5
Minority interests 17,799.6 17,927.9
Provisions 20,372.1 18,936.6
Non current liabilities 20,372.1 18,936.6
short term debt (financial debts) 8,400.7 6,742.9
Trade accounts payable 15,816.2 17,226.1
other accounts payable 15,506.7 15,139.7
other current liabilities 15,506.7 15,139.7
Current liabilities 39,723.6 39,108.7
Shareh. equity, min. interests &
liabilities 373,876.7 366,499.7
PROFIT AND LOSS
ACCOUNT
Net sales 364,666.3 357,651.9
Other operating revenue 8,492.5 10,996.0
Operating revenue 373,158.8 368,647.9
Cost of goods sold 187,935.2 191,895.6
Gross profit 185,223.6 176,752.3
Other operating expenses 161,726.3 156,773.4
Operating result 23,497.3 19,978.9
Interest revenues 1,429.6 1,807.8
Financial income 1,429.6 1,807.8
Interest expenses 1,530.2 1,534.8
other financial expenses 147.0 99.8
Financial expenses 1,677.2 1,634.6
Financial result -247.6 173.2
Result before extraordinary items 23,249.7 20,152.1
Extraordinary Result 0.0 0.0
Result before taxes 23,249.7 20,152.1
Taxes 6,385.2 5,506.6
Result before minority interests 16,864.5 14,645.5
minority interests 1,201.0 1,083.4
Result for the financial year 15,663.5 13,562.1
CASH FLOW
Depreciation 11,884.3 12,072.1
Cash flow 28,748.8 26,717.6
Cash flow from operating activities 24,508.0 16,414.0
Investments in tangible fixed assets 9,851.0 11,153.0
Cash flow from investing activities -19,188.0 -10,638.0
Cash flow from financing activities 2,552.0 -3,189.0
Others -1,627.0 -542.0
Change in liquidity 6,245.0 2,045.0
Liquidity at beginning of the year 88,401.0 86,356.0
Liquidity at end of the year 94,646.0 88,401.0
NOTES
Material costs 187,598.8 191,895.6
Cost of employees 79,528.4 77,222.7
Added value 116,192.6 110,981.7
Working Capital 163,173.1 163,230.1
Sales per Employee 208.0 207.2
Gross cost land and buildings 104,457.1 104,771.3
Gross cost other tangible fixed assets 155,100.0 156,676.0
Gross cost total 259,557.1 261,447.3
Employees
at year end 1,753 1,726
Owner/-s
No. of Owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Type: indirect, Group-Level 1
Name: Vermögensträger Beitlich GmbH
City/Country: Tübingen, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct
Name: RB Beitlich Industriebeteiligungen GmbH
City/Country: Tübingen, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Bezema Manufacture S.à r.l.
City/Country: Tunis, Tunisia/TN
Name: Bezema Tunisie S.à r.l.
City/Country: Tunis, Tunisia/TN
Name: TUEBINGEN CHEMICALS COMPANY LIMITED
City/Country: Tsuen Wan/N.T., Hong Kong/HK
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
23.10.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
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
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.
Sanctions
List
The company is not listed in the WorldCompliance database.
Payment
experiences
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.
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 difficult to
assess.
Payment experiences: Financial obligations are paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
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|
1 |
Rs.92.93 |
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Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
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 |
|
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.