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Report No. : |
348952 |
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Report Date : |
13.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SYNOVA S.A. |
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|
|
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Registered Office : |
Chemin de la Dent-d'Oche 1024 Ecublens VD/VD |
|
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|
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Country : |
Switzerland |
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Date of Incorporation : |
07.05.1997 |
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|
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Com. Reg. No.: |
550.0.144.000-1 |
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Legal Form : |
Company limited
by shares |
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Line of Business : |
Manufacture and sale
of machine tools and laser systems, particularly laser cutting systems, inter
alia, water jet guided laser for highly sensitive materials |
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|
|
|
No. of Employee : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Exist |
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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
SYNOVA S.A.
Operating address:
Chemin de la Dent-d'Oche
1024 Ecublens VD/VD
Switzerland/CH
Telephone: 021 6943500
Fax: 021 6943501
Web site: http://www.synova.ch
E-mail: info@synova.ch
WIN Worldbox No.: CH0003141786
VAT-No.: CHE-108.614.117 MWST
UID-No.: CHE108614117
Established: 1997
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2841 Manufacture
of metal forming machinery
Import/Export: Import, Export
Banks: unknown
Organisation level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 75
Sales: CHF 28,000,000.--
The business includes the manufacture and sale of machine tools and laser
systems, particularly laser cutting systems, inter alia, water jet guided laser
for highly sensitive materials. The products are sold to various industries in
Europe, Middle East, Asia and North America.
Real Estate: The company owns buildings.
Area: 3,000 m2
Company No: 550.0.144.000-1
UID-No.: CHE108614117
Legal form: Company limited by shares
Registration: 07.05.1997
Legal status: active
Responsible Register: Registre du commerce du canton de Vaud
History: Date of Statutes:
07.05.2015
Date of Statutes: 22.08.2012
Date of Statutes: 09.05.2012
Date of Statutes: 28.09.2011
Date of Statutes: 26.08.2011
Date of Incorporation Statutes:
02.05.1997
Entry Deleted Name
07.05.1997 Synova S.A.
Entry Deleted Legal domicile
07.05.1997 Ecublens (VD), Switzerland
Entry Deleted Address
28.08.2003 Chemin de la Dent-d'Oche,
1024 Ecublens/VD, Switzerland/CH
07.05.1997 28.08.2003 Parc
scientifique EPFL, PSE, 1024 Ecublens/VD, Switzerland/CH
Entry Deleted Capital
15.05.2012 Share Capital CHF 144,889,
paidup CHF 144,881
10.10.2011 15.05.2012 Share
Capital CHF 133,660, paidup CHF 133,660
13.09.2011 10.10.2011 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
15.05.2012 1,448,808 Registered shares
of CHF 0.10
10.10.2011 15.05.2012 1,336,606
Registered shares of CHF 0.10
13.09.2011 10.10.2011 1,000,000
Registered shares of CHF 0.10
Title Name
President Bernold
Richerzhagen
Citizen: Germany
Residential address:
1913 Saint-Sulpice/VD, Switzerland
Born: 18.08.1964
joint signature of
two
Registered since:
07.05.1997
Director Claude
Béglé
Citizen: Lausanne,
Switzerland
Residential
address: Pully, Switzerland
joint signature of
two
Registered since:
14.12.2012
Director Faried
Sallie
Citizen: South
Africa
Residential
address: St. Albans, United Kingdom
joint signature of
two
Registered since:
19.05.2015
Management
Title Name
Director Manuel
Houssin
Citizen:
Chêne-Bourg, Switzerland
Residential address:
Chêne-Bourg, Switzerland
joint signature of
two
Registered since:
24.06.2015
Title Name
Auditor MAZARS SA
Residential
address: Fribourg, Switzerland
Id: CHE-388.216.322
Registered since:
17.12.2009
No. of owner/-s: 2
Owner: The company is privately owned.
Class: 50-100%
Name: Bernold Richerzhagen
City/Country: St-Sulpice/VD, Switzerland/CH
Class: unknown
Name: Holland Private Equity B.V.
City/Country: Amsterdam, Netherlands/NL
Class: 100%
Name: Synova Japan KK
City/Country: Niigata-ken, Japan/JP
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova Korea Ltd
City/Country: Kyonggi, Anygang-City, South
Korea/KR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova Taiwan Inc.
City/Country: Taichung City, Taiwan/TW
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Synova USA Inc
City/Country: Fremont/California, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control
date Year No. Amount
CHF Status
19.01.2015 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 1 952,442.-- Opposition filed
31.12.2010 2010 2 142,596.-- Opposition filed
31.12.2009 2009 2 59,583.-- Legal actions
31.12.2009 2009 20 19,613.-- Legal actions
31.12.2009 2009 1 1,067.-- Open legal actions
31.12.2009 2009 12 Closed
legal actions
31.12.2009 2009 6 53,471.-- Opposition filed
31.12.2009 2009 1 19,613.-- Threat of bankruptcy-liquidation
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 3 29,658.-- Open legal actions
31.12.2006 2006 2 49,609.-- Opposition filed
31.12.2005 2005 1 19,754.-- Open legal actions
31.12.2004 2004 1 27,729.-- Paid legal actions
31.12.2004 2004 3 263,343.-- Opposition filed
31.12.2003 2003 1 2,200.-- Opposition filed
31.12.2002 2002 0 Legal
actions
31.12.2001 2001 2 126,091.-- Opposition filed
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.
Debt collection case:
OCT 2013: CHF 110.00, paid.
MAR 2010: CHF 96.00, paid.
MAR 2010: CHF 337.00, paid.
APR 2007: CHF 389.00, written
off by creditor.
MAY 2006: CHF 10'049.00.
NOV 2005: CHF 7'692.00, current
collection processes.
OCT 2005: CHF 1'849.00, current
collection processes.
SEP 2005: CHF 560.00, current
collection processes.
AUG 2005: CHF 1'526.00, procedures
set by the creditor.
JUN 2004: CHF 930.00, cancelled
by creditor.
OCT 2002: CHF 3'203.00,
procedures set by the creditor.
DEC 2001: CHF 980.00, payment
after legal demand.
FEB 2001: CHF 121.00, payment
after legal demand.
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: There are no negative reports on payment
experiences.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.71.30 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
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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 |
-- |
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.