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Report No. : |
321066 |
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Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
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Name : |
GRANDSAUGREEN SA |
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Registered Office : |
ZI La Glacière 3, 2126 Les Verrières/NE, Switzerland/CH |
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Country : |
Switzerland
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
30.05.2007 |
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Com. Reg. No.: |
645.4.101.310-3 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the manufacture of Instant / Soluble
Agglomerated / granulated Coffee, as well as the supplying of Spray-Dried
coffee, and Freeze Dried Coffee. |
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No. of Employees : |
80-149 |
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 |
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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 – 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 |
GRANDSAUGREEN SA
ZI La Glacière 3
2126 Les
Verrières/NE
Switzerland/CH
Telephone: 032
8679900
Fax: 032
8679909
Web
site: http://www.grandsaugreen.com
WIN
Worldbox No.: CH0007518997
VAT-No.: CHE-113.655.458 MWST
UID-No.: CHE113655458
Established: 2007
Line
of Business: Food
Industry
Division: Manufacturing
Industry-code (NACE): 1083 Processing of tea and coffee
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 80-149
Sales: CHF 64,000,000.--
The company is engaged in the manufacture of Instant/Soluble Agglomerated/granulated Coffee, as well as the supplying of Spray-Dried coffee, and Freeze Dried Coffee. The company has the ability to customize instant coffee, as per the customer requirements, from carefully chosen Arabica and Robusta coffee beans which are roasted and processed to perfection. In addition to 100% pure soluble instant coffee , the company also has the ability to supply decaffeinated coffee, organic coffee, Rainforest coffee, Fair Trade coffee, Dual and Triple certified coffee as well as Chicory-coffee mix as per the required specifications of the customer, and can also offer the customers the option of highest quality customized products. The company is also in a position to offer a range of its in-house products to its customers.
Information on property ownership was not
available.
Company
No: 645.4.101.310-3
UID-No.: CHE113655458
Legal
form: Company limited by
shares
Registration: 30.05.2007
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Neuchâtel
History: Date of Statutes:
15.04.2014
Date of
Statutes: 25.10.2013
Date of
Statutes: 16.04.2013
Date of
Statutes: 16.01.2013
Date of
Statutes: 09.02.2011
Date of
Statutes: 25.08.2008
Date of
Incorporation Statutes: 24.05.2007
Entry Deleted Name
30.05.2007 Grandsaugreen
SA
30.05.2007 Grandsaugreen
AG (Name translated)
30.05.2007 Grandsaugreen
Ltd (Name translated)
Entry Deleted Legal domicile
30.05.2007 Les
Verrières, Switzerland
Entry Deleted Address
10.09.2009 Zone
industrielle 3, La Glacière, 2126 Les Verrières/NE, Switzerland/CH
26.09.2008 10.09.2009 Grand-Bourgeau 66, 2126 Les Verrières,
Switzerland/CH
30.05.2007 26.09.2008 rue de La Croix-Blanche 54, Les Verrières,
Switzerland/CH
Entry Deleted Capital
16.04.2014 Share
Capital CHF 11,100,000, paidup CHF 11,100,000
31.10.2013 16.04.2014 Share Capital CHF 8,600,000, paidup CHF
8,600,000
22.04.2013 31.10.2013 Share Capital CHF 7,100,000, paidup CHF
7,100,000
17.01.2013 22.04.2013 Share Capital CHF 4,100,000
07.03.2011 17.01.2013 Share Capital CHF 3,000,000, paidup CHF
3,000,000
27.08.2008 07.03.2011 Share Capital CHF 3,000,000, paidup CHF
2,500,000
Entry Deleted Capital Structure
16.04.2014 11,100,000
Registered shares of CHF 1.--
31.10.2013 16.04.2014 8,600,000 Registered shares of CHF 1.--
22.04.2013 31.10.2013 7,100,000 Registered shares of CHF 1.--
17.01.2013 22.04.2013 4,100,000 Registered shares of CHF 1.--
07.03.2011 17.01.2013 3,000,000 Registered shares of CHF 1.--
27.08.2008 07.03.2011 3,000,000 Registered shares of CHF 1.--
Title Name
President Rajendra
Prasad Challa
Citizen:
India
Residential
address: Hyderabad, India
single
signature
Registered
since: 30.05.2007
Company
Secretary Srishant
Challa
single
signature
Registered
since: 30.05.2007
Director Chenna
Kesava Naidu Allu
Citizen:
India
Residential
address: Les Verrières , Switzerland
single
signature
Registered
since: 08.04.2014
Director Sloane
Studer
Citizen:
Niederried b. Interlaken, Switzerland
Residential
address: Les Verrières, Switzerland
single
signature
Registered
since: 31.10.2013
Title Name
Auditor FIDUCONSULT
ACTA SA
Residential
address: La Chaux-de-Fonds, Switzerland
Id:
CH-645-1002873-7
Registered
since: 03.09.2012
Name: CCL Products (India) Limited
City/Country: Hyderabad/Andhra Pradesh,
India/IN
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2014 31.03.2013 31.03.2012 31.03.2011 31.03.2010
Number of months: 12 12 12 12 12
Currency: th.
INR th. INR th. INR th. INR th.
INR
Remarks: restated
Balance Sheet
Land and buildings 1,058,714.0 886,937.0
Other tangible
fixed assets 2,552,621.0 2,457,102.0
Tangible fixed
assets 3,611,335.0 3,344,039.0 3,510,749.0 3,153,123.0 2,912,729.0
Financial fixed
assets 15,579.0 14,979.0 27,455.0 24,725.0 1,565.0
other fixed assets 429,549.0 310,829.0 21,634.0 4,528.0
Fixed assets 4,056,463.0 3,669,847.0 3,559,838.0 3,182,376.0 2,914,294.0
Stocks 1,379,488.0 1,555,054.0 1,171,526.0 893,872.0 858,544.0
Trade accounts
receivable 1,067,533.0 871,667.0
Liquid assets 343,245.0 93,495.0 56,427.0 409,913.0 61,622.0
other trade
accounts 393,788.0 467,536.0
Accruals 9,711.0 7,647.0
Other current
assets 746,744.0 568,678.0
Current assets 3,193,765.0 2,995,399.0 2,147,938.0 1,916,251.0 2,004,534.0
Total assets 7,250,228.0 6,665,246.0 5,707,776.0 5,098,627.0 4,918,828.0
Capital 266,056.0 133,028.0
Other shareholders
funds 3,261,848.0 2,650,790.0
Total shareholders equity 3,527,904.0 2,783,818.0 2,397,414.0 2,171,584.0 2,008,666.0
Minority interests 31,960.0
long term debt
(financial debts) 1,349,090.0 1,247,766.0 1,062,061.0 964,225.0 2,365,848.0
Other non current
liabilities 233,225.0 228,749.0 216,889.0 199,013.0 175,769.0
Non current liabilities 1,582,315.0 1,476,515.0 1,278,950.0 1,163,238.0 2,541,617.0
short term debt
(financial debts) 1,571,522.0 1,772,648.0
Trade accounts
payable 205,079.0 282,155.0
Provisions 214,572.0 79,311.0
Accruals 1,146.0 2,923.0
other accounts
payable 147,690.0 267,876.0
other current
liabilities 363,408.0 350,110.0
Current liabilities 2,140,009.0 2,404,913.0 2,031,412.0 1,763,805.0 336,585.0
Shareh. equity, min. int. & liabilities 7,250,228.0 6,665,246.0 5,707,776.0 5,098,627.0 4,918,828.0
Profit and loss
account
Sales 7,215,176.0 6,553,369.0
Reduction of
proceeds 46,961.0 46,024.0
Net sales 7,168,215.0 6,507,345.0 5,018,514.0 3,638,695.0 4,375,308.0
Other operating
revenue 12,360.0 1,316.0
Operating revenue 7,180,575.0 6,508,661.0
Cost of goods sold 4,250,602.0 3,845,333.0
Gross profit 2,929,973.0 2,663,328.0
Other operating
expenses 1,673,021.0 1,642,937.0
Operating result 1,256,952.0 1,020,391.0 819,935.0 532,541.0 483,767.0
Interest revenues 12,402.0 16,372.0
other financial
revenues 1,592.0 1,106.0
Financial income 13,994.0 17,478.0
Interest expenses 147,318.0 196,452.0
other financial
expenses 127,946.0 102,955.0
Financial expenses 275,264.0 299,407.0
Financial result -261,270.0 -281,929.0
Result before extraordinary items 995,682.0 738,462.0
Result before taxes 995,682.0 738,462.0
Taxes 351,499.0 264,202.0
Result before
minority interests 644,183.0 474,260.0
Result for the financial year 644,183.0 474,260.0 368,012.0 270,972.0 280,022.0
Cash flow
Depreciation 291,038.0 286,375.0
Cash flow 935,221.0 760,635.0
Cash flow from
operating activities 1,247,850.0 275,210.0
Investments in
tangible fixed assets 596,693.0 377,649.0
Cash flow from
investing activities -583,024.0 -375,304.0
Cash flow from
financing activities -415,076.0 137,162.0
Change in
liquidity 249,750.0 37,068.0
Liquidity at
beginning of the year 93,495.0 56,427.0
Liquidity at end
of the year 343,245.0 93,495.0
Notes
Material costs 4,199,786.0 3,966,847.0
Cost of employees 258,292.0 212,245.0
Added value 1,692,330.0 1,433,534.0
Working Capital 2,241,942.0 2,144,566.0
Gross cost land
and buildings 1,247,763.0 1,024,533.0
Gross cost other
tangible fixed assets 4,003,937.0 3,627,570.0
Gross cost total 5,251,700.0 4,652,103.0
No.
of Owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Type: direct, Group-Level 1
Name: CCL Products (India)
Limited
City/Country: Hyderabad/Andhra Pradesh,
India/IN
Interest: 100,00% voting right,
100,00% capital interest
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 in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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 |
-- |
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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.