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Report No. : |
347724 |
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Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
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Name : |
PERLEN CONVERTING AG |
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Registered Office : |
Perlenring 3, 6035 Perlen/LU, 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 : |
1949 |
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Com. Reg. No.: |
100.3.015.968-8 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The company is active in film manufacturing and film coating for the packaging industry. The processes and products are geared to the needs of the pharmaceutical industry. |
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No. of Employees : |
250-399 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
PERLEN CONVERTING
AG
Perlenring 3
6035 Perlen/LU
Switzerland/CH
Telephone: 041
4558800
Fax: 041
4558801
Web
site: http://www.perlenpackaging.ch
E-mail: info@perlenpackaging.com
WIN
Worldbox No.: CH0000051268
VAT-No.: CHE-116.274.213 MWST
UID-No.: CHE106171907
Established: 1949
History: 1993: Limited company
Line
of Business: Plastics
Industry
Division: Manufacturing
Industry-code (NACE): 2221 Manufacture of plastic plates, sheets,
tubes and profiles
2222 Manufacture of plastic packing goods
Import/Export: Export
Export
sales: 96,0%
Quality
certification: ISO 9001:2000 (since
2006)
ISO
14001:2004 (since 2006)
ISO
15378:2006 (since 2007)
Banks: Unknown
Coverage: Company
Employees: 250-399
Sales: CHF 100-200 Mio
The company is active in film manufacturing and film coating for the packaging industry. The processes and products are geared to the needs of the pharmaceutical industry.
Products: Mono-Films, Barrier-Films, Anti-Counterfeit Films, Suppository Films, Liquid Films, Ampoules/Syringe Films, Anti-microbial Coatings.
Real
Estate: The company does
not appear to own any property.
Company
No: 100.3.015.968-8
UID-No.: CHE106171907
Legal
form: Company limited by
shares
Registration: 17.06.1993
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Luzern
History: Date of Incorporation
Statutes: 15.06.1993
Entry Deleted Name
active Perlen
Converting AG
Entry Deleted Legal domicile
active Root,
Switzerland
Entry Deleted Address
active 6035
Perlen/LU, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 4,000,000, paidup CHF 4,000,000
Entry Deleted Capital Structure
active 40,000
Registered shares of CHF 100.--
Title Name
President Peter Schaub
Citizen:
Zürich, Ormalingen, Switzerland
Residential
address: Uster/ZH, Switzerland
joint
signature of two
Registered
since: 01.09.2010
Vice-President Dr. Peter
Schildknecht
Citizen:
Teufen AR, Switzerland
Residential
address: Meggen/LU, Switzerland
joint
signature of two
Registered
since: 14.08.2009
Director Wolfgang
Grimm
Citizen:
Germany
Residential
address: Meggen, Switzerland
joint
signature of two
Title Name
Chairman
of the management Wolfgang Grimm
Citizen:
Germany
Residential
address: Meggen, Switzerland
joint
signature of two
Member
of the management Johannes Giessler
Citizen:
Germany
Residential
address: Simonswald, Germany
joint
signature of two
Registered
since: 08.01.2010
Member
of the management Peter Henz
Citizen:
Bärschwil, Switzerland
Residential
address: Buchrain, Switzerland
joint
signature of two
Registered
since: 12.11.2012
Member
of the management Philipp
Morgenthaler
Citizen:
Wyssachen, Switzerland
Residential
address: Dietlikon/ZH, Switzerland
joint
signature of two
Registered
since: 06.10.2009
Title Name
Auditor Stephan
Revisions AG
Residential
address: Muttenz, Switzerland
Id:
CH-280.3.910.548-5
Registered
since: 17.12.2008
Title Name
Chief
Executive Officer Wolfgang
Grimm
Chief
Operating Officer Philipp
Morgenthaler
Chief
Marketing Officer, Chief Sales Officer Johannes
Giessler
Chief
Human Resources Officer Peter Henz
Name: CPH Chemie + Papier
Holding AG
City/Country: Perlen/LU, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: CPH Chemie + Papier
Holding AG
City/Country: Perlen/LU, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: BioUETIKON Ltd
City/Country: Dublin, Ireland/IE
Name: Chemie Uetikon AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: CU Deutero + Agro AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: Perlen Papier AG
City/Country: Perlen/LU, Switzerland/CH
Name: Zeochem AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Name: Zeowest AG
City/Country: Uetikon am See/ZH,
Switzerland/CH
Consolidation: consolidated (Segment)
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 117,797.0 116,378.0 106,497.0 105,730.0 101,695.0
Operating result 5,060.0 7,134.0 5,031.0 3,757.0 900.0
Capital 4,000.0 4,000.0 4,000.0 4,000.0 4,000.0
Depreciation 5,600.0 5,734.0 6,122.0 6,450.0
Cash flow 9,000.0
Investments in
tangible fixed assets 4,400.0 3,100.0 3,000.0
Sales per Employee 384.0 383.0 382.0 384.0
Employees at year end 307 304 279 275
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: Local
GAAP Local GAAP Local GAAP Local GAAP Local
GAAP
Balance Sheet
Intangible fixed
assets 1,320.0 1,248.0 1,473.0 2,948.0 3,754.0
Land and buildings 156,760.0 156,684.0 218,201.0 228,366.0 603,948.0
Other tangible
fixed assets 262,384.0 276,969.0 501,454.0 540,804.0 249,927.0
Tangible fixed
assets 419,144.0 433,653.0 719,655.0 769,170.0 853,875.0
Financial fixed
assets 10,000.0 10,000.0 10,020.0 25,504.0 25,357.0
other fixed assets 25,523.0 22,363.0 21,249.0 916.0 916.0
Fixed assets 455,987.0 467,264.0 752,397.0 798,538.0 883,902.0
Stocks 63,389.0 56,877.0 58,761.0 57,338.0 63,669.0
Trade accounts
receivable 79,472.0 70,802.0 73,994.0 75,623.0 60,932.0
Cash & Cash
Equivalents 69,887.0 63,936.0 64,658.0 31,486.0 54,277.0
Securities 5,254.0 10,275.0 8,640.0 11,135.0 19,283.0
other trade
accounts 7,779.0 7,290.0 10,907.0 14,149.0 19,800.0
Accruals 6,620.0 5,344.0 3,024.0 3,865.0 4,612.0
Other current
assets 89,540.0 86,845.0 87,229.0 60,635.0 97,972.0
Current assets 232,401.0 214,524.0 219,984.0 193,596.0 222,573.0
Total assets 688,388.0 681,788.0 972,381.0 992,134.0 1,106,475.0
Capital 30,000.0 30,000.0 30,000.0 30,000.0 30,000.0
Other shareholders
funds 412,003.0 404,263.0 679,764.0 676,308.0 680,186.0
Total shareholders equity 442,003.0 434,263.0 709,764.0 706,308.0 710,186.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 127,981.0 117,875.0 143,994.0 169,266.0 225,925.0
Provisions 20,825.0 21,342.0 31,317.0 32,026.0 40,572.0
Other non current
liabilities 3,051.0 3,263.0 547.0 627.0 411.0
Non current liabilities 151,857.0 142,480.0 175,858.0 201,919.0 266,908.0
short term debt
(financial debts) 22,627.0 23,003.0 9,754.0 11,314.0 12,686.0
Trade accounts
payable 53,756.0 59,366.0 52,939.0 40,017.0 93,584.0
Provisions 5,109.0 7,237.0 5,727.0 12,922.0 10,867.0
Accruals 9,098.0 10,995.0 15,789.0 12,731.0 8,765.0
other accounts
payable 3,938.0 4,444.0 2,550.0 6,923.0 3,479.0
other current
liabilities 18,145.0 22,676.0 24,066.0 32,576.0 23,111.0
Current liabilities 94,528.0 105,045.0 86,759.0 83,907.0 129,381.0
Shareh. equity, min. int. & liabilities 688,388.0 681,788.0 972,381.0 992,134.0 1,106,475.0
Profit and loss
account
Net sales 492,463.0 481,303.0 488,691.0 520,932.0 417,396.0
Other operating
revenue 13,077.0 10,167.0 47,211.0 7,836.0 19,174.0
Operating revenue 505,540.0 491,470.0 535,902.0 528,768.0 436,570.0
Cost of goods sold 324,458.0 331,049.0 329,811.0 346,280.0 278,535.0
Gross profit 181,082.0 160,421.0 206,091.0 182,488.0 158,035.0
Other operating
expenses 163,566.0 436,154.0 194,403.0 202,465.0 188,695.0
Operating result 17,516.0 -275,733.0 11,688.0 -19,977.0 -30,660.0
Interest revenues 22.0 46.0 206.0 112.0 186.0
other financial
revenues 1,540.0 1,338.0 775.0 791.0 654.0
Financial income 1,562.0 1,384.0 981.0 903.0 840.0
Interest expenses 4,623.0 4,378.0 6,545.0 11,212.0 5,038.0
other financial
expenses 2,560.0 889.0 544.0 1,832.0 5,184.0
Financial expenses 7,183.0 5,267.0 7,089.0 13,044.0 10,222.0
Financial result -5,621.0 -3,883.0 -6,108.0 -12,141.0 -9,382.0
Result before extraordinary items 11,895.0 -279,616.0 5,580.0 -32,118.0 -40,042.0
Extraordinary
income 0.0 4,077.0 30,445.0 17,134.0
Extraordinary
expenses 0.0 18,765.0 3,815.0
Extraordinary
Result 0.0 0.0 4,077.0 11,680.0 13,319.0
Result before taxes 11,895.0 -279,616.0 9,657.0 -20,438.0 -26,723.0
Taxes 1,393.0 -8,136.0 1,596.0 -2,447.0 -6,713.0
Result before
minority interests 10,502.0 -271,480.0 8,061.0 -17,991.0 -20,010.0
minority interests 0.0 0.0 0.0 0.0
Result for the financial year 10,502.0 -271,480.0 8,061.0 -17,991.0 -20,010.0
Cash flow
Depreciation 34,798.0 57,569.0 60,336.0 66,792.0 59,518.0
Cash flow 45,300.0 -213,911.0 68,397.0 48,801.0 39,508.0
Cash flow from
operating activities 19,819.0 31,410.0 40,757.0 -13,808.0 79,445.0
Investments in
tangible fixed assets 19,170.0 18,201.0 10,942.0 24,405.0 220,871.0
Cash flow from
investing activities -19,389.0 -17,757.0 21,387.0 47,381.0 -196,147.0
Cash flow from
financing activities 5,273.0 -14,183.0 -29,046.0 -56,284.0 105,306.0
Others 248.0 -192.0 74.0 -80.0 -1,138.0
Change in
liquidity 5,951.0 -722.0 33,172.0 -22,791.0 -12,534.0
Liquidity at
beginning of the year 63,936.0 64,658.0 31,486.0 54,277.0 66,811.0
Liquidity at end
of the year 69,887.0 63,936.0 64,658.0 31,486.0 54,277.0
Notes
Material costs 256,388.0 256,649.0 253,597.0 268,975.0 215,432.0
Cost of employees 87,678.0 85,623.0 84,889.0 93,165.0 89,320.0
Added value 138,994.0 -132,046.0 161,427.0 150,731.0 127,153.0
Working Capital 89,105.0 68,313.0 79,816.0 92,944.0 31,017.0
Net Current Assets 137,873.0 109,479.0 133,225.0 109,689.0 93,192.0
Sales per Employee 572.6 560.3 575.6 610.7 443.6
Market
capitalisation 338,700.0 369,000.0 390,000.0 303,000.0 510,000.0
Gross cost land
and buildings 390,650.0 384,157.0 382,749.0 383,583.0 764,342.0
Gross cost other
tangible fixed assets 1,123,654.0 1,113,461.0 1,100,319.0 1,092,155.0 779,288.0
Gross cost total 1,514,304.0 1,497,618.0 1,483,068.0 1,475,738.0 1,543,630.0
Insurance value
land and buildings 348,926.0 348,926.0 424,929.0 490,002.0
Insurance value
other tang. fixed assets 1,254,287.0 1,254,287.0 1,331,707.0 1,345,688.0
Insurance value
total 1,603,213.0 1,603,213.0 1,756,636.0 1,835,690.0
Employees at year end 860 859 849 853 941
Employees inland 629 634 624 631 616
Employees abroad 231 225 225 222 325
Class: 100%
Name: ac-Folien GmbH
City/Country: Müllheim/Baden-Württemberg,
Germany/DE
Interest: 100,00% voting right, 100,00%
capital interest (since 2007)
Class: 100%
Name: Perlen Converting Llc
City/Country: Whippany/New Jersey, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Class: 100%
Name: Perlen Packaging (Hong
Kong) Ltd.
City/Country: Hong Kong, Hong Kong/HK
Interest: 100,00% voting right,
100,00% capital interest (since 26.06.2014)
Class: 100%
Name: Perlen Packaging
(Suzhou) Co., Ltd.
City/Country: Suzhou, China/CN
Interest: 100,00% voting right,
100,00% capital interest (since 15.09.2014)
Control date Year No. Amount CHF Status
12.11.2014 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
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 World
Compliance 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.
Note: The VAT number - CHE-116.274.213 MWST
- is the Group VAT number.
Financial
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.67 |
|
|
1 |
Rs.101.02 |
|
Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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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 |
|
|
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.