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Report No. : |
347573 |
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Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
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Name : |
VIPA LAUSANNE S.A. |
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Registered Office : |
Galeries Benjamin-Constant 1, 1003 Lausanne/VD, Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
1960 |
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Com. Reg. No.: |
550.0.086.652-1 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The company is a merchandiser of recovered paper, prime paper, stock lots
and other recyclable raw materials and recycling services. The company is
also the center for all administrative and finance responsibilities and
overall control over trading operations. |
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No. of Employees : |
40 |
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.
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Source
: CIA |
VIPA LAUSANNE S.A.
Galeries Benjamin-Constant 1
1003 Lausanne/VD
Switzerland/CH
Case Postale 7700
1002 Lausanne/VD
Switzerland/CH
Telephone: 021 3434466
Fax: 021 3434469
Mobile: 079 2102291
Web site: http://www.vipa.ch
E-mail: info@vipa.ch
WIN Worldbox No.: CH0001965236
VAT-No.: CHE-106.733.372
MWST
UID-No.: CHE106733372
Established: 1960
History: 1990: Limited company
1960: Established from Michel Ehrlich
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Export
Quality certification: ISO
9001
Banks: CS Credit Suisse
BCV Banque Cantonale
Vaudoise
UBS Ltd
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 40
The company is a merchandiser of recovered paper, prime paper, stock
lots and other recyclable raw materials and recycling services. The company is
also the center for all administrative and finance responsibilities and overall
control over trading operations.
Vipa’s network covers Europe, USA, Asia and the Middle East, offering a
wide range of products and services. The group are one of the leading trading
and collection recycling companies in the world. With a current total annual
capacity beyond 1'000'000 tons per year. The group also owns its own
collecting, sorting and baling facilities under the Retripa company. The Vipa
group is also heavily committed at the source of the recycling process with
packing plants in Switzerland under the brand name of Retripa.
Partners for Prime Paper: Century Pulp & Paper, JK Paper Ltd.,
Enduring Value, Trident Group, Khanna, Pudumjee, Balkrishna Paper Mills Ltd.,
Rainbow Papers Limited.
Information on property ownership was not available.
Company No: 550.0.086.652-1
UID-No.: CHE106733372
Legal form: Company limited
by shares
Registration: 28.12.1990
Legal status: active
Responsible Register: Registre du
commerce du canton de Vaud
History: Date of Statutes:
27.12.1990
Date of Statutes:
07.12.1995
Entry Deleted Name
active Vipa Lausanne
S.A.
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
active Galeries Benjamin-Constant
1, 1003 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
active Share Capital
CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 1,000
Registered shares of CHF 100.--
Title Name
Director Marc Ehrlich
Citizen: Lausanne,
Switzerland
Residential address:
Pully, Switzerland
single signature
Director Rachel Ehrlich
Citizen: Lausanne,
Switzerland
Residential address:
Pully, Switzerland
single signature
Title Name
Auditor KPMG SA
Residential address:
Lausanne, Switzerland
Title Name
Chief Executive Officer Marc
Ehrlich (marc.ehrlich@vipa.ch)
Name: MASAL SA
City/Country: Lausanne/VD,
Switzerland/CH
No. of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Vipa holding S.A.
City/Country: Lausanne/VD,
Switzerland/CH
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.
Control date Year No. Amount
CHF Status
21.08.2015 2015 0 Legal
actions
31.12.2014 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 1 6,122.-- Opposition filed
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 1 5,064.-- Opposition filed
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 2 42,455.-- Opposition filed
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.
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: Payments are
made with arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.67 |
|
|
1 |
Rs.101.02 |
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Euro |
1 |
Rs.71.35 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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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 |
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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 |
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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 |
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<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.