MIRA INFORM REPORT

 

 

Report No. :

348666

Report Date :

20.11.2015

 

IDENTIFICATION DETAILS

 

Name :

LONZA GROUP AG

 

 

Registered Office :

Münchensteinerstrasse 38, 4002 Basel/BS

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2014

 

 

Year of Establishment :

1999

 

 

Com. Reg. No.:

020.3.021.634-0

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

  • Activities of holding companies
  • Manufacture of other organic basic chemicals
  • Manufacture of fertilisers and nitrogen compounds

 

 

No. of Employee :

8,000-9,999

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

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)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

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

 


COMMENTS ABOUT YOUR REQUEST:

 

Note: The registered name of the company is: Lonza Group AG.

 

 

Company name

 

LONZA GROUP AG

 

 

address

 

Münchensteinerstrasse 38

4002 Basel/BS

Switzerland/CH

 

Telephone:                   061 3168111

Fax:                             061 3169111

 

Web site:                      http://www.lonza.com

E-mail:                         info@lonza.com

 

WIN Worldbox No.:       CH0000131579

VAT-No.:                      CHE-116.307.083 MWST

UID-No.:                       CHE106841866

 

 

Profile

 

Established:                 1999

Line of Business:          Financial services, Chemicals

Industry Division:          Services, Manufacturing

Industry-code (NACE):  6420       Activities of holding companies

                                    2014       Manufacture of other organic basic chemicals

                                    2015       Manufacture of fertilisers and nitrogen compounds

Import/Export:              Export

Export sales:                89,8%

Banks:                          UBS Ltd

                                    CS Credit Suisse

Organisation level:        Ultimate Parent

Quoted:                        Yes

 

 

Securities

 

Market:                         SWISS EXCHANGE (Main)

Market Identifier Code:  XSWX

ISIN:                             CH0013841017

NSIN:                           1384101

Ticker:                          LONN

First trading day:          01.11.1999

 

Market:                         SINGAPORE EXCHANGE

Market Identifier Code:  XSES

ISIN:                             CH0013841017

Ticker:                          O6Z

 

 

Operational Figures

 

Coverage:                    Group

Employees:                  8,000-9,999

Sales:                          CHF 2-4 Bil

 

 

Activity

 

Lonza is one of the world’s leading suppliers to the pharmaceutical, healthcare and life science industries. Products and services span its customers’ needs from research to final product manufacture. It is the global leader in the production and support of chemical and biological active pharmaceutical ingredients. Lonza is also the world leader in microbial control, providing innovative, chemistry-based and related solutions to destroy or selectively inhibit the growth of harmful microorganisms. Its activities encompass the areas of water treatment, personal care, health and hygiene, industrial preservation, materials protection, and wood protection.

 

The Group divides its activities into two market segments: Specialty Ingredients and Pharmaceutical & Biotech.

 

 

Real Estate

 

Real Estate:                  The company owns extensive property.

 

 

Company Register

 

Company No:               020.3.021.634-0

UID-No.:                       CHE106841866

Legal form:                   Company limited by shares

Registration:                 27.03.2002

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Basel-Stadt

History:                        Date of Statutes: 08.04.2015

                                    Date of Statutes: 16.04.2014

                                    Date of Statutes: 09.04.2013

                                    Date of Statutes: 12.04.2011

                                    Date of Statutes: 31.03.2010

                                    Date of Statutes: 15.12.2009

                                    Date of Statutes: 08.04.2009

                                    Date of Statutes: 22.03.2006

                                    Date of Statutes: 11.04.2005

                                    Date of Statutes: 27.03.2002

                                    Date of Statutes: 27.03.2002

                                    Date of Statutes: 28.03.2001

                                    Date of Statutes: 25.10.1999

                                    Date of Statutes: 18.10.1999

                                    Date of Statutes: 06.10.1999

                                    Date of Statutes: 24.09.1999

                                    Date of Statutes: 20.09.1999

                                    Date of Statutes: 13.08.1999

                                    Date of Incorporation Statutes: 12.03.1999

 

Entry          Deleted      Name

16.08.1999                    Lonza Group AG

16.08.1999                    Lonza Group SA (Name translated)

16.08.1999                    Lonza Group SA (Name translated)

16.08.1999                    Lonza Group Ltd (Name translated)

16.03.1999  16.08.1999  Axera AG

16.03.1999  16.08.1999  Axera SA (Name translated)

16.03.1999  16.08.1999  Axera SA (Name translated)

16.03.1999  16.08.1999  Axera Ltd (Name translated)

 

Entry          Deleted      Legal domicile

27.03.2002                    Basel, Switzerland

16.03.1999  27.03.2002  Zürich, Switzerland

 

Entry          Deleted      Address

27.03.2002                    Münchensteinerstrasse 38, 4002 Basel/BS, Switzerland/CH

21.09.1999  27.03.2002  Feldeggstrasse 4, 8008 Zürich, Switzerland/CH

23.08.1999  21.09.1999  c/o Alusuisse Lonza Group AG, Postfach, 8034 Zürich, Switzerland/CH (Postal address)

16.08.1999  21.09.1999  c/o Alusuisse Lonza Group AG, Feldeggstrasse 4, 8008 Zürich, Switzerland/CH

16.03.1999  16.08.1999  c/o Dr. Niklaus Wiget, Kreuzstrasse 82, 8032 Zürich, Switzerland/CH

16.03.1999  23.08.1999  c/o Dr. Niklaus Wiget, Postfach 1921, 8032 Zürich, Switzerland/CH (Postal address)

 

Entry          Deleted      Capital

18.12.2009                    Share Capital CHF 52,920,140, paidup CHF 52,920,140

17.06.2002  18.12.2009  Share Capital CHF 50,450,000, paidup CHF 50,450,000

 

Entry          Deleted      Capital Structure

18.12.2009                    52,920,140 Registered shares of CHF 1.--

17.06.2002  18.12.2009  50,450,000 Registered shares of CHF 1.--

 

 

Official Administration

 

Title                                           Name

President                                    Dr. Rolf Soiron

                                                  Citizen: Riehen, Switzerland

                                                  Residential address: 4000 Basel/BS, Switzerland

                                                  Born: 1945

                                                  joint signature of two

                                                  Registered since: 14.04.2005

Vice-President                            Prof. Dr. Patrick Aebischer

                                                  Citizen: Heitenried, Switzerland

                                                  Residential address: 1096 Villette (Lavaux)/VD, Switzerland

                                                  Born: 1954

                                                  joint signature of two

                                                  Registered since: 15.05.2008

Director                                      Prof. Dr. Ing. Werner Josef Bauer

                                                  Citizen: Sion, Switzerland

                                                  Residential address: Lutry, Switzerland

                                                  Born: 1950

                                                  joint signature of two

                                                  Registered since: 29.04.2013

Director                                      Thomas Ebeling

                                                  Citizen: Germany

                                                  Residential address: Muri bei Bern/BE, Switzerland

                                                  Born: 1959

                                                  joint signature of two

                                                  Registered since: 29.04.2013

Director                                      Jean-Daniel Gerber

                                                  Citizen: Bern, Switzerland

                                                  Residential address: 3303 Jegenstorf/BE, Switzerland

                                                  Born: 1946

                                                  joint signature of two

                                                  Registered since: 02.05.2011

Director                                      Barbara Mary Richmond

                                                  Citizen: United Kingdom

                                                  Residential address: Chester, United Kingdom

                                                  Born: 1960

                                                  joint signature of two

                                                  Registered since: 05.05.2014

Director                                      Margaretha Antoinette (Margot) Scheltema

                                                  Citizen: Netherlands

                                                  Residential address: Den Haag, Netherlands

                                                  Born: 1954

                                                  Id: NR8L11C05

                                                  joint signature of two

                                                  Registered since: 07.05.2012

Director                                      Bernard Jürgen (Jürgen) Steinemann

                                                  Citizen: Germany

                                                  Residential address: Wollerau, Switzerland

                                                  Born: 1958

                                                  joint signature of two

                                                  Registered since: 05.05.2014

Director                                      Dr. Antonio Trius Oliva

                                                  Citizen: Spain

                                                  Residential address: Barcelona, Spain

                                                  Born: 1955

                                                  joint signature of two

                                                  Registered since: 29.04.2013

 

 

Management

 

Title                                           Name

General Director                          Richard Ridinger

                                                  Citizen: Germany

                                                  Residential address: Monheim am Rhein, Germany

                                                  Born: 1958

                                                  joint signature of two

                                                  Registered since: 31.05.2012

Director                                      Dr. Sven Jörg Willi Max Abend

                                                  Citizen: Germany

                                                  Residential address: Wädenswil, Switzerland

                                                  Born: 1968

                                                  joint signature of two

                                                  Registered since: 13.08.2014

Director                                      Markus Funk

                                                  Citizen: Vandoeuvres, Switzerland

                                                  Residential address: Schindellegi, Switzerland

                                                  Born: 1960

                                                  joint signature of two

                                                  Registered since: 08.05.2009

Director                                      Dr. Toralf Haag

                                                  Citizen: Germany

                                                  Residential address: Biel-Benken, Switzerland

                                                  Born: 1966

                                                  joint signature of two

                                                  Registered since: 19.09.2005

Director                                      Dr. Beat In-Albon

                                                  Citizen: Eggerberg, Switzerland

                                                  Residential address: Oberwil/BL, Switzerland

                                                  Born: 1952

                                                  joint signature of two

                                                  Registered since: 25.09.2012

Deputy Director                          Joseph Colleluori

                                                  Citizen: United States of America

                                                  Residential address: Basel/BS, Switzerland

                                                  joint signature of two

                                                  Registered since: 21.06.2006

Deputy Director                          Walter Fux

                                                  Citizen:  St. Niklaus, Switzerland

                                                  Residential address: Sissach, Switzerland

                                                  joint signature of two

                                                  Registered since: 09.03.2001

Deputy Director                          Ralf Manfred Geier-Cibin

                                                  Citizen: Germany

                                                  Residential address: Oberwil/BL, Switzerland

                                                  joint signature of two

                                                  Registered since: 13.08.2012

Deputy Director                          Dorothea Gisela Klein

                                                  Citizen: Germany

                                                  Residential address: Basel, Switzerland

                                                  joint signature of two

                                                  Registered since: 20.09.2013

Deputy Director, Company Secretary   Prof. Dr. Andreas Bohrer

                                                  Citizen: Schaffhausen, Switzerland

                                                  Residential address: Schaffhausen, Switzerland

                                                  joint signature of two

                                                  Registered since: 10.08.2015

Vice-Director                               Kurt Büchi

                                                  Citizen: Eschlikon, Switzerland

                                                  Residential address: 4410 Liestal/BL, Switzerland

                                                  joint signature of two

                                                  Registered since: 18.02.2008

Vice-Director                               Rolf Eberhard

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Unterengstringen, Switzerland

                                                  joint signature of two

                                                  Registered since: 20.12.2000

Vice-Director                               Dr. Allison Clare Haitz

                                                  Citizen: United Kingdom

                                                  Residential address: Schliengen-Liel , Germany

                                                  joint signature of two

                                                  Registered since: 28.04.2011

Vice-Director                               Günther Jakob

                                                  Citizen: Germany

                                                  Residential address: Basel/BS, Switzerland

                                                  joint signature of two

                                                  Registered since: 15.05.2008

Vice-Director                               Dirk Oehlers

                                                  Citizen: Germany

                                                  Residential address: Möhlin/AG, Switzerland

                                                  joint signature of two

                                                  Registered since: 17.08.2011

Vice-Director                               Dr. Stephan Rosenberger

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: 4800 Zofingen/AG, Switzerland

                                                  joint signature of two

                                                  Registered since: 29.12.2009

Vice-Director                               Christoph Ziegler

                                                  Citizen: Allschwil, Switzerland

                                                  Residential address: Basel/BS, Switzerland

                                                  joint signature of two

                                                  Registered since: 17.08.2011

Member with signing authority      Daniel Blättler

                                                  Citizen: Wolfenschiessen, Switzerland

                                                  Residential address: Thônex, Switzerland

                                                  joint signature of two

                                                  Registered since: 23.04.2014

Member with signing authority      Julien Gander

                                                  Citizen: Sion, Switzerland

                                                  Residential address: Zürich, Switzerland

                                                  joint signature of two

                                                  Registered since: 20.09.2013

Member with signing authority      Thomas Keppler

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Pratteln, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.05.2002

Member with procuration             Guillaume Daeppen

                                                  Citizen: Riggisberg, Switzerland

                                                  Residential address: Basel, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 15.05.2003

Member with procuration             Dr. Guido Heinrich Michael Dietrich

                                                  Citizen: Germany

                                                  Residential address: Basel, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 13.08.2014

Member with procuration             Patrick Karel Maria Loosen

                                                  Citizen: Belgium

                                                  Residential address: Basel/BS, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 13.08.2012

Member with procuration             Kerstin Meinecke

                                                  Citizen: Germany

                                                  Residential address: Luzern, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 20.09.2013

Member with procuration             Rahul Sen Gupta

                                                  Citizen: Obersiggenthal, Switzerland

                                                  Residential address: Uitikon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 17.08.2011

Member with procuration             Andreas Christoph Wiederkehr

                                                  Citizen: Gontenschwil, Switzerland

                                                  Residential address: Binningen, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 13.08.2012

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG AG

                                                  Residential address: Zürich, Switzerland

                                                  Registered since: 16.03.1999

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Richard Ridinger

Chief Financial Officer                 Dr. Toralf Haag

Chief Business Segment Officer  Dr. Sven Jörg Willi Max Abend

Chief Business Segment Officer  Markus Funk

Chief Business Segment Officer  Dr. Beat In-Albon

 

 

Direct owner/-s

 

No. of owner/-s:            13,474

Owner:                         The company is owned by various parties.

 

Class:                          0-9%

Name:                          Prof. Dr. Patrick Aebischer

City/Country:                1096 Villette (Lavaux)/VD, Switzerland/CH

No. of shares:              13,977

 

Class:                          0-9%

Name:                          Prof. Dr. Ing. Werner Josef Bauer

City/Country:                Lutry, Switzerland/CH

No. of shares:              13,709

 

Class:                          0-9%

Name:                          Thomas Ebeling

City/Country:                Muri bei Bern/BE, Switzerland/CH

No. of shares:              2,459

 

Class:                          0-9%

Name:                          Markus (Marc) Funk

City/Country:                Schindellegi, Switzerland/CH

No. of shares:              1,685

 

Class:                          0-9%

Name:                          Jean-Daniel Gerber

City/Country:                3303 Jegenstorf/BE, Switzerland/CH

No. of shares:              10,734

 

Class:                          0-9%

Name:                          Dr. Toralf Haag

City/Country:                Biel-Benken, Switzerland/CH

No. of shares:              11,489

 

Class:                          0-9%

Name:                          Dr. Beat In-Albon

City/Country:                Oberwil/BL, Switzerland/CH

No. of shares:              1,041

 

Class:                          0-9%

Name:                          Barbara Mary Richmond

City/Country:                Chester, United Kingdom/GB

No. of shares:              510

 

Class:                          0-9%

Name:                          Richard Ridinger

City/Country:                Monheim am Rhein, Germany/DE

No. of shares:              14,000

 

Class:                          0-9%

Name:                          Margaretha Antoinette (Margot) Scheltema

City/Country:                Den Haag, Netherlands/NL

No. of shares:              5,608

 

Class:                          0-9%

Name:                          Dr. Rolf Soiron

City/Country:                Basel/BS, Switzerland/CH

No. of shares:              66,298

 

Class:                          0-9%

Name:                          Bernard Jürgen (Jürgen) Steinemann

City/Country:                Wollerau, Switzerland/CH

No. of shares:              2,922

 

Class:                          0-9%

Name:                          Dr. Antonio Trius Oliva

City/Country:                Barcelona, Spain/ES

No. of shares:              2,522

 

Class:                          0-9%

Name:                          UBS Fund Management (Switzerland) AG

City/Country:                Basel/BS, Switzerland/CH

No. of shares:              1,608,429

Interest:                        3,04% voting right, 3,04% capital interest (since 22.04.2014)

 

 

Financial Data

 

Lonza Group AG

 

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:                                          IAS                   IAS                  IAS                   IAS                  IAS

 

Balance Sheet

Intangible fixed assets                            2,007,000.0       1,849,000.0       1,929,000.0       2,062,000.0         654,000.0

Land and buildings                                    952,000.0          921,000.0         918,000.0          924,000.0         790,000.0

Other tangible fixed assets                     1,514,000.0       1,573,000.0       1,766,000.0       1,777,000.0       1,680,000.0

Tangible fixed assets                             2,466,000.0       2,494,000.0       2,684,000.0       2,701,000.0       2,470,000.0

Financial fixed assets                                 24,000.0           19,000.0           21,000.0           76,000.0           68,000.0

other fixed assets                                       69,000.0          197,000.0         442,000.0          289,000.0         152,000.0

Fixed assets                                          4,566,000.0       4,559,000.0       5,076,000.0       5,128,000.0       3,344,000.0

 

Stocks                                                      898,000.0          747,000.0         747,000.0          773,000.0         495,000.0

Trade accounts receivable                         622,000.0          559,000.0         629,000.0          695,000.0         488,000.0

Cash & Cash Equivalents                          209,000.0          306,000.0         429,000.0          196,000.0         248,000.0

Securities                                                           0.0                   0.0                   0.0                   0.0             1,000.0

other trade accounts                                   70,000.0          110,000.0           85,000.0          142,000.0         130,000.0

Accruals                                                     76,000.0           92,000.0           76,000.0           86,000.0           72,000.0

Other current assets                                  355,000.0          508,000.0         590,000.0          424,000.0         451,000.0

Current assets                                       1,875,000.0       1,814,000.0       1,966,000.0       1,892,000.0       1,434,000.0

 

Total assets                                           6,441,000.0       6,373,000.0       7,042,000.0       7,020,000.0       4,778,000.0

 

Capital                                                       53,000.0           53,000.0           53,000.0           53,000.0           53,000.0

Other shareholders funds                        2,077,000.0       2,073,000.0       2,050,000.0       2,304,000.0       2,334,000.0

Total shareholders equity                      2,130,000.0       2,126,000.0       2,103,000.0       2,357,000.0       2,387,000.0

 

Minority interests                                                0.0                   0.0            -1,000.0            -1,000.0                   0.0

long term debt (financial debts)               1,693,000.0       2,245,000.0       2,427,000.0       2,725,000.0         850,000.0

Provisions                                                  47,000.0           56,000.0           57,000.0           51,000.0           19,000.0

Other non current liabilities                      1,019,000.0          787,000.0       1,151,000.0          938,000.0         424,000.0

Non current liabilities                            2,759,000.0       3,088,000.0       3,635,000.0       3,714,000.0       1,293,000.0

 

short term debt (financial debts)                528,000.0          236,000.0         388,000.0          176,000.0         550,000.0

Trade accounts payable                            262,000.0          286,000.0         273,000.0          294,000.0         159,000.0

Provisions                                                  38,000.0           43,000.0           16,000.0             7,000.0             6,000.0

Accruals                                                   425,000.0          279,000.0         300,000.0          293,000.0         217,000.0

other accounts payable                             299,000.0          315,000.0         328,000.0          180,000.0         166,000.0

other current liabilities                                762,000.0          637,000.0         644,000.0          480,000.0         389,000.0

Current liabilities                                  1,552,000.0       1,159,000.0       1,305,000.0          950,000.0       1,098,000.0

 

Shareh. equity, min. int. & liabilities     6,441,000.0       6,373,000.0       7,042,000.0       7,020,000.0       4,778,000.0

 

Profit and loss account

Net sales                                               3,640,000.0       3,584,000.0       3,925,000.0       2,692,000.0       2,680,000.0

Other operating revenue                              45,000.0           43,000.0           42,000.0           42,000.0         100,000.0

Operating revenue                                 3,685,000.0       3,627,000.0       3,967,000.0       2,734,000.0       2,780,000.0

 

Cost of goods sold                                2,566,000.0       2,758,000.0       2,920,000.0       1,992,000.0       1,969,000.0

Gross profit                                           1,119,000.0          869,000.0       1,047,000.0          742,000.0         811,000.0

Other operating expenses                          696,000.0          616,000.0         707,000.0          481,000.0         437,000.0

Operating result                                       423,000.0          253,000.0         340,000.0          261,000.0         374,000.0

 

Interest revenues                                          9,000.0             6,000.0             6,000.0             4,000.0             5,000.0

other financial revenues                             141,000.0           38,000.0           27,000.0           14,000.0             1,000.0

Financial income                                       150,000.0           44,000.0           33,000.0           18,000.0             6,000.0

Interest expenses                                        76,000.0          108,000.0         118,000.0           49,000.0           40,000.0

other financial expenses                            218,000.0           84,000.0           45,000.0           55,000.0           10,000.0

Financial expenses                                    294,000.0          192,000.0         163,000.0          104,000.0           50,000.0

Financial result                                         -144,000.0         -148,000.0        -130,000.0          -86,000.0          -44,000.0

Result before extraordinary items            279,000.0          105,000.0         210,000.0          175,000.0         330,000.0

 

Result before taxes                                  279,000.0          105,000.0         210,000.0          175,000.0         330,000.0

 

Taxes                                                         42,000.0           18,000.0           36,000.0           21,000.0           46,000.0

Result before minority interests                  237,000.0           87,000.0         174,000.0          154,000.0         284,000.0

minority interests                                                0.0                   0.0                   0.0                   0.0            -7,000.0

Result for the financial year                     237,000.0           87,000.0         174,000.0          154,000.0         291,000.0

 

Cash flow

Depreciation                                             250,000.0          254,000.0         254,000.0          248,000.0         246,000.0

Cash flow                                                 487,000.0          341,000.0         428,000.0          402,000.0         530,000.0

Cash flow from operating activities            483,000.0          522,000.0         710,000.0          221,000.0         502,000.0

Investments in tangible fixed assets           158,000.0          194,000.0         289,000.0          248,000.0         285,000.0

Cash flow from investing activities            -167,000.0         -187,000.0        -282,000.0      -1,193,000.0        -358,000.0

Cash flow from financing activities            -421,000.0         -451,000.0        -192,000.0          923,000.0          -30,000.0

Others                                                          8,000.0            -7,000.0            -3,000.0            -3,000.0            -6,000.0

Change in liquidity                                     -97,000.0         -123,000.0         233,000.0          -52,000.0         108,000.0

Liquidity at beginning of the year               306,000.0          429,000.0         196,000.0          248,000.0         140,000.0

Liquidity at end of the year                        209,000.0          306,000.0         429,000.0          196,000.0         248,000.0

 

Notes

Material costs                                        1,336,000.0       1,566,000.0       1,780,000.0       1,992,000.0         942,000.0

Cost of employees                                   988,000.0          981,000.0       1,107,000.0          855,000.0         823,000.0

Research and Development                       101,000.0          111,000.0         116,000.0           94,000.0           99,000.0

Added value                                          1,593,000.0       1,448,000.0       1,689,000.0       1,327,000.0       1,439,000.0

Working Capital                                      1,258,000.0       1,020,000.0       1,103,000.0       1,174,000.0         824,000.0

Net Current Assets                                    323,000.0          655,000.0         661,000.0          942,000.0         336,000.0

Sales per Employee                                        371.1                358.4                363.8                244.7                323.7

Market capitalisation                               5,937,000.0       4,477,000.0       2,612,000.0       2,937,000.0       3,966,364.4

Gross cost land and buildings                1,742,000.0       1,647,000.0       1,593,000.0       1,552,000.0       1,381,000.0

Gross cost other tangible fixed assets    4,059,000.0       3,921,000.0       3,903,000.0       3,761,000.0       3,493,000.0

Gross cost total                                     5,801,000.0       5,568,000.0       5,496,000.0       5,313,000.0       4,874,000.0

Insurance value land and buildings          1,500,000.0       1,325,000.0       1,135,000.0       1,371,000.0       1,166,000.0

Insurance value other tang. fixed assets  4,628,000.0       4,445,000.0       3,935,000.0       4,761,000.0       3,550,000.0

Insurance value total                               6,128,000.0       5,770,000.0       5,070,000.0       6,132,000.0       4,716,000.0

 

Employees  at year end                                   9,809                9,935              10,789              11,001                8,280

Employees  average                                        9,872              10,361              10,895                9,641                8,333

Employees inland                                                                                                                                          2,815

Employees abroad                                                                                                                                        5,465

 

 

Financial Data BlackRock, Inc.

Consolidation:              consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2012        31.12.2011        31.12.2010        31.12.2009

Number of months:                                      12                    12                    12                    12

Currency:                                                mil. USD           mil. USD          mil. USD           mil. USD

 

Balance Sheet

Intangible fixed assets                                30,312.0           30,148.0           30,317.0           30,218.0

Tangible fixed assets                                      557.0                537.0                428.0                445.0

Financial fixed assets                                   1,750.0             1,631.0             1,540.0             1,049.0

other fixed assets                                     160,899.0          140,279.0         139,157.0          139,655.0

Fixed assets                                             193,518.0          172,595.0         171,442.0          171,367.0

 

Stocks                                                               0.0                   0.0                   0.0                   0.0

Cash & Cash Equivalents                              4,606.0             3,506.0             3,367.0             4,708.0

Current assets                                             6,933.0             7,301.0             7,017.0             6,627.0

 

Total assets                                             200,451.0          179,896.0         178,459.0          177,994.0

 

Total shareholders equity                          25,403.0           25,048.0           26,094.0           24,329.0

 

Minority interests                                             182.0                222.0                234.0                273.0

long term debt (financial debts)                     8,192.0             6,273.0             4,470.0             3,191.0

Provisions                                                          0.0                   0.0                   0.0                   0.0

Other non current liabilities                         163,958.0          145,925.0         144,916.0          145,201.0

Non current liabilities                              172,150.0          152,198.0         149,386.0          148,392.0

 

Current liabilities                                         2,716.0             2,428.0             2,745.0             5,000.0

 

Shareh. equity, min. int. & liabilities        200,451.0          179,896.0         178,459.0          177,994.0

 

Profit and loss account

Net sales                                                      9,337.0             9,081.0             8,612.0             4,700.0

 

Operating result                                          3,649.0             3,277.0             3,142.0             1,320.0

 

Result for the financial year                         2,458.0             2,337.0             2,063.0                875.0

 

Notes

Net Current Assets                                        4,217.0             4,873.0             4,272.0             1,627.0

 

 

Investments

 

Class:                          100%

Name:                          Arch Chemicals B.V.

City/Country:                Netherlands/NL

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Chemicals Canada Inc

City/Country:                Toronto, Canada/CA

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Chemicals (China) Co Ltd

City/Country:                Suzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Chemicals Inc

City/Country:                Norwalk, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 20.10.2011)

 

Class:                          100%

Name:                          Arch Chemicals Limited

City/Country:                Castleford/West Yorkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Chemicals Receivables LLC

City/Country:                Wilmington, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2014)

 

Class:                          100%

Name:                          Arch Personal Care Products LP

City/Country:                South Plainfield, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Protection Chemicals Private Limited

City/Country:                Mumbai/Maharashtra, India/IN

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Quimica Argentina srl

City/Country:                Buenos Aires, Argentina/AR

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Quimica Brasil Ltd

City/Country:                Salto, Brazil/BR

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Timber Protection B.V.

City/Country:                Wijchen, Netherlands/NL

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Treatment Technologies Inc

City/Country:                Atlanta, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch UK Biocides Limited

City/Country:                Castleford/West Yorkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Water Products France

City/Country:                Amboise, France/FR

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Water Products South Africa (Proprietary) Limited

City/Country:                Chloorkop, South Africa/ZA

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Wood Protection (Aust) Pty Ltd

City/Country:                Trentham, Australia/AU

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Wood Protection Canada Corp

City/Country:                Mississauga, Canada/CA

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Wood Protection Inc

City/Country:                Atlanta, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Arch Wood Protection M Sdn Bhd

City/Country:                Kuala Lumpur, Malaysia/MY

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          ARCH WOOD PROTECTION (SA)

City/Country:                Port Shepstone, South Africa/ZA

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Gewerbepark Hochrhein GmbH

City/Country:                Waldshut-Tiengen/Baden-Württemberg, Germany/DE

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Hickson Limited

City/Country:                Castleford/West Yorkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest (since 2011)

 

Class:                          100%

Name:                          Lonza AG

City/Country:                Visp/VS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza America Inc

City/Country:                Willmington/Delaware, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Australia Pty Ltd

City/Country:                Mt.Waverly, Australia/AU

Interest:                        100,00% voting right, 100,00% capital interest (since 2008)

 

Class:                          100%

Name:                          Lonza Benelux BV

City/Country:                Breda, Netherlands/NL

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Biologics Inc

City/Country:                Wilmington/Delaware, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Biologics Plc

City/Country:                wokingham/Berkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Biologics Porino SL

City/Country:                Porrino, Spain/ES

Interest:                        100,00% voting right, 100,00% capital interest (since 2006)

 

Class:                          100%

Name:                          Lonza Biologics Tuas Pte Ltd

City/Country:                Singapore, Singapore/SG

Interest:                        100,00% voting right, 100,00% capital interest (since 2006)

 

Class:                          100%

Name:                          Lonza BioPharma AG

City/Country:                Visp/VS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Bioproducts AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 2006)

 

Class:                          100%

Name:                          Lonza Bioscience sarl

City/Country:                Paris, France/FR

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Bioscience Singapore Pte Ltd

City/Country:                Singapur, Singapore/SG

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Biotec sro

City/Country:                Kourim, Czech/CZ

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Braine SA

City/Country:                Braine-l'Alleud, Belgium/BE

Interest:                        100,00% voting right, 100,00% capital interest (since 2006)

 

Class:                          100%

Name:                          Lonza (China) Investments Co Ltd

City/Country:                Guangzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest (since 2003)

 

Class:                          100%

Name:                          Lonza Cologne GmbH

City/Country:                Köln, Germany/DE

Interest:                        100,00% voting right, 100,00% capital interest (since 12.10.2010)

 

Class:                          100%

Name:                          Lonza Copenhagen ApS

City/Country:                Vallensbaekstrand, Denmark/DK

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza do Brasil Especialidades Quimicas Ltda

City/Country:                Sao Paulo, Brazil/BR

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Europe BV

City/Country:                Breda, Netherlands/NL

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Finance Ltd

City/Country:                St. Helier/Jersey, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza France Sarl

City/Country:                Levallois-Perret, France/FR

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Group GmbH

City/Country:                Waldshut-Tiengen, Germany/DE

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Group UK Ltd

City/Country:                Slough/Berkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Guangzhou Ltd

City/Country:                Guangzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Guangzhou Nansha Ltd

City/Country:                Guangzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest (since 2003)

 

Class:                          100%

Name:                          Lonza Guangzhou Research and Development Center Ltd

City/Country:                Guangzhou, China/CN

Interest:                        100,00% voting right, 100,00% capital interest (since 2004)

 

Class:                          100%

Name:                          Lonza Holding Singapore Pte Ltd   

City/Country:                Singapore, Singapore/SG

Interest:                        100,00% voting right, 100,00% capital interest (since 2005)

 

Class:                          100%

Name:                          Lonza Houston Inc

City/Country:                Houston, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 27.08.2010)

 

Class:                          100%

Name:                          Lonza Ibérica SAU

City/Country:                Barcelona, Spain/ES

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Inc

City/Country:                Fair Lawn/New Jersey, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          LONZA INDIA PRIVATE LIMITED

City/Country:                Ranga Reddy/Telangana, India/IN

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Japan Ltd

City/Country:                Tokyo, Japan/JP

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Licences AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 12.12.2013)

 

Class:                          100%

Name:                          Lonza Liyang Chemical Company Ltd

City/Country:                Liyang, China/CN

Interest:                        100,00% voting right, 100,00% capital interest (since 2010)

 

Class:                          100%

Name:                          Lonza Microbial Control Asia Pacific Pte Ltd

City/Country:                Singapur, Singapore/SG

Interest:                        100,00% voting right, 100,00% capital interest (since 2008)

 

Class:                          100%

Name:                          Lonza Milano srl

City/Country:                Caravaggio, Italy/IT

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Nanjing Ltd

City/Country:                Nanjing, China/CN

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Pensions GmbH

City/Country:                Waldshut-Tiengen/Baden-Württemberg, Germany/DE

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Rockland Inc

City/Country:                Rockland, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Sales AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 19.12.2001)

 

Class:                          100%

Name:                          Lonza Swiss Finanz AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Swiss Licences AG

City/Country:                Basel/BS, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 30.09.2010)

 

Class:                          100%

Name:                          Lonza UK Ltd

City/Country:                Tewkesbury/Gloucestershire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Lonza Verviers Sprl

City/Country:                Verviers, Belgium/BE

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Walkersville Inc

City/Country:                Walkersville, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          Lonza Wokingham Limited

City/Country:                Wokingham, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest (since 2007)

 

Class:                          100%

Name:                          OOO Lonza Rus

City/Country:                Moskau, Russia/RU

Interest:                        100,00% voting right, 100,00% capital interest (since 2008)

 

Class:                          50-100%

Name:                          Arch Quimica Colombia SA

City/Country:                Bogota, Colombia/CO

Interest:                        97,00% voting right, 97,00% capital interest (since 2011)

 

Class:                          50%

Name:                          TL Biopharmaceutical AG

City/Country:                Visp/VS, Switzerland/CH

Interest:                        50,00% voting right, 50,00% capital interest (since 2009)

 

 


Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

05.08.2015          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

31.12.2006          2006                           1                   166,000.--     Opposition filed

31.12.2005          2005                           1                   166,000.--     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.

 

 

Sanctions List

 

The company has been listed in the following sanction databases:

WorldCompliance

 

Lonza Group AG (3220681)

Aliases           Lonza

NickNames     N/A

Category        Enforcement

Sub Category Price Manipulation

Level  N/A

Data source    CH-SIX Swiss Exchange

Designation    N/A

Primary Country          CH

Case  Fined CHF 100,000 for violation of rules governing management transactions, ad hoc publicity and regular reporting obligations - March 4, 2010

National ID      N/A

Other ID          N/A

Passport #      N/A

Last Updated  26/12/2012

Additional Information

According to SIX Swiss Exchange; March 4, 2010: The Sanction Commission of SIX Swiss Exchange Ltd. has imposed a CHF 100,000 fine on Lonza Group AG for violation of rules governing management transactions, ad hoc publicity and regular reporting obligations. Lonza Group AG (Lonza) failed to correctly report transactions made by a member of its senior management in February 2009, and subsequently rectified the matter too late. Furthermore, the company committed multiple violations of the ad hoc publicity rules. Firstly it failed to announce the departure of a board member as soon as the board was made aware of that fact. Secondly it did not announce the nomination of a new member of the board once the nomination had been determined. Instead, the public announcement of the nomination was made too late in conjunction with the invitation to the company’s annual general meeting of shareholders. In addition, the invitation was only received by a portion of the circle of recipients prescribed under the ad hoc publicity rules. Lonza also violated a regular reporting obligation by failing to send that invitation to SIX Exchange Regulation. According to the CA-Competition Bureau; October 16, 2002: On October 16, 2002, the Federal Court of Canada imposed fines totalling $3.875 million for a conspiracy to fix prices and allocate market shares for the vitamin B3 sold in bulk in Canada, against the remaining accused parties in the Bureau's inquiry. Degussa AG of Germany, Lonza AG of Switzerland, Nepera Inc. and Reilly Industries Inc. of the United States pleaded guilty to participating in the international conspiracy, which was initiated in January 1992 and continued until March 1998 in breach of Canada's Competition Act. Degussa AG was sentenced to pay a total fine of $2.5-million, while Lonza AG was fined a total of $1.1-million. Nepera Inc. and Reilly Industries, Inc. were fined $240,000 and $35,000 respectively for offences relating to vitamin B3. The conviction of these parties follow the conviction of Hoffmann-La Roche Ltd., BASF AG, Rhône-Poulenc S.A., Eisai Co. Ltd., Daiichi Pharmaceutical Co. Ltd. in 1999, where total fines of $88.4 million were imposed by the Federal Court of Canada.

 

 

Payment experiences

 

Debt collection case:

OCT 2012: CHF 124.00, paid.

SEP 2012: CHF 123.00, paid.

SEP 2012: CHF 152.00, paid.

MAR 2012: CHF  85.00, paid.

 

 

Remarks

 

Note: The Vat number - CHE-116.307.083 MWST - is the Group VAT number.

 

 

Credit Information

 

 

Financial Situation:        The financial situation is very good.

 

Payment experiences:   Payment habits are considered good.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.101.03

Euro

1

Rs.70.78

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

ASH

 

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

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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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.