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Report No. : |
343927 |
|
Report Date : |
13.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TYCO FIRE & SECURITY GMBH |
|
|
|
|
Registered Office : |
Victor von Bruns-Strasse 21 8212 Neuhausen am Rheinfall/SH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
26.09.2014 |
|
|
|
|
Date of Incorporation : |
2009 |
|
|
|
|
Com. Reg. No.: |
290.3.017.193-9 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Sales of security products, fire protection
products and devices, valves and controls and other industrial products. |
|
|
|
|
No. of Employee : |
10-19 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
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|
|
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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) |
|
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 |
TYCO FIRE &
SECURITY GMBH
Operating address:
Victor von
Bruns-Strasse 21
8212 Neuhausen am
Rheinfall/SH
Switzerland/CH
Telephone: 052
6330244
Fax: 052
6330299
Web
site: http://www.tyco.ch
WIN
Worldbox No.: CH0009028037
VAT-No.: CHE-116.347.792 MWST
UID-No.: CHE469016289
Established: 2009
Line of Business: Consumer
goods wholesale, Consulting/Auditing
Industry Division: Wholesale
trade, Services
Industry-code (NACE): 4669 Wholesale of other
machinery and equipment
6910 Legal activities
Import/Export: Import,
Export
Banks: unknown
Coverage: Company
Figures: approximately
Financial year: 2015
Employees: 10-19
The activities includes
the sales of security products, fire protection products and devices, valves
and controls and other industrial products. Further activities include legal
services for the hole group of companies at national and international level.
These services include legal representation as well as the holding and
management of patents and licenses.
Real Estate: The
company owns no property.
Company No: 290.3.017.193-9
UID-No.: CHE469016289
Legal form: Limited
Liability Company
Registration: 23.05.2011
Legal status: active
Responsible Register: Handelsregister des Kantons Schaffhausen
History: Date
of Statutes: 27.03.2013
Date
of Statutes: 22.03.2013
Date
of Statutes: 26.09.2012
Date
of Statutes: 20.07.2012
Date
of Incorporation Statutes: 19.05.2011
Entry Deleted Name
25.03.2013 Tyco
Fire & Security GmbH
23.07.2012 25.03.2013 Tyco Fire & Security AG
23.07.2012 25.03.2013 Tyco Fire & Security SA (Name translated)
23.07.2012 25.03.2013 Tyco Fire & Security Ltd (Name translated)
08.06.2011 23.07.2012 Tyco Fire Protection & Security Solutions
SA (Name translated)
08.06.2011 23.07.2012 Tyco Fire Protection & Security Solutions
Ltd (Name translated)
23.05.2011 23.07.2012 Tyco Fire Protection & Security Solutions
AG
Entry Deleted Legal domicile
03.10.2012 Neuhausen
am Rheinfall, Switzerland
23.05.2011 03.10.2012 Schaffhausen, Switzerland
Entry Deleted Address
03.10.2012 Victor
von Bruns-Strasse 21, 8212 Neuhausen am Rheinfall/SH, Switzerland/CH
23.05.2011 03.10.2012 Freier Platz 10, 8200 Schaffhausen/SH,
Switzerland/CH
Entry Deleted Capital
02.04.2013 LLC
Capital CHF 1,000,000
25.03.2013 02.04.2013 LLC Capital CHF 100,000
23.05.2011 25.03.2013 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
02.04.2013 1,000
Participation shares of CHF 1,000.--
25.03.2013 02.04.2013 100 Participation shares of CHF 1,000.--
23.05.2011 25.03.2013 100,000 Registered shares of CHF 1.--
Title Name
General
Manager Gopal
Chandramowle
Citizen:
United States of America
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 28.05.2013
General
Manager Nancy
Chisholm
Citizen:
United States of America
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 05.03.2015
General
Manager David
Dorgan
Citizen:
United States of America
Residential
address: Schaffhausen, Switzerland
joint
signature of two
Registered
since: 18.02.2014
General
Manager David
Eickman
Citizen:
United States of America
Residential
address: Schaffhausen, Switzerland
joint
signature of two
Registered
since: 18.02.2014
General
Manager Karen
Garea Loureiro
Citizen:
United Kingdom
Residential
address: Mézières /VD, Switzerland
joint
signature of two
Registered
since: 23.05.2011
General
Manager Colleen
Repplier
Citizen:
United States of America
Residential
address: Schaffhausen, Switzerland
joint
signature of two
Registered
since: 26.03.2015
Chairman
of the management James Graham
Citizen:
United Kingdom
Residential
address: 8200 Schaffhausen, Switzerland
single
signature
Registered
since: 23.05.2011
Company
Secretary Frank Peter
(Peter) Schieser
Citizen:
Germany
Residential
address: Luxembourg , Luxembourg
joint
signature of two
Registered
since: 29.10.2014
Member
with signing authority Joshua (Josh)
Aceves
Citizen:
United States of America
Residential
address: Kreuzlingen, Switzerland
joint
signature of two
Registered
since: 05.03.2015
Member
with signing authority James P.
Delahanty
Citizen:
United States of America
Residential
address: Beringen, Switzerland
joint
signature of two
Registered
since: 18.02.2014
Member
with signing authority Anthony (Tony)
D'Onofrio
Citizen:
United States of America
Residential
address: Thalwil, Switzerland
joint
signature of two
Registered
since: 28.05.2013
Member
with signing authority Miles A.
Hatton
Citizen:
United Kingdom
Residential
address: Uhwiesen (Laufen-Uhwiesen), Switzerland
joint
signature of two
Registered
since: 29.10.2014
Member
with signing authority Peter Kurz
Citizen:
Germany
Residential
address: Schaffhausen, Switzerland
joint signature of two
Registered
since: 12.02.2013
Title Name
Auditor Deloitte
AG
Residential
address: Zürich/ZH, Switzerland
Id:
CH-020.3.908.370-9
Registered
since: 28.05.2013
Name: Tyco International Ltd
City/Country: Neuhausen am Rheinfall/SH,
Switzerland/CH
Class: 100%
Name: Tyco International
Holding S.à.r.l.
City/Country: Luxembourg, Luxembourg/LU
Interest: 100,00% voting right,
100,00% capital interest (since 23.05.2011)
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Tyco International
Services Holding GmbH
City/Country: Neuhausen am Rheinfall/SH,
Switzerland/CH
Capital share: CHF
1,000,000.--
Interest: 100,00%
voting right, 100,00% capital interest (since 23.05.2011)
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 26.09.2014 27.09.2013 28.09.2012 30.09.2011 30.09.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil.
USD mil. USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP
BALANCE SHEET
Intangible fixed assets 4,863.0 5,323.0 5,157.0 13,627.0 13,023.0
Tangible fixed assets 1,269.0 1,677.0 1,670.0 4,051.0 4,156.0
other fixed assets 926.0 1,109.0 1,204.0 2,666.0 2,596.0
Fixed assets 7,058.0 8,109.0 8,031.0 20,344.0 19,775.0
Stocks 628.0 655.0 634.0 1,344.0 1,443.0
Trade accounts receivable 1,750.0 1,738.0 1,711.0 2,401.0 2,493.0
Cash & Cash Equivalents 892.0 563.0 844.0 1,390.0 1,775.0
other trade accounts 328.0 254.0 295.0 1,298.0 1,642.0
Accruals 1,153.0 857.0 850.0
Other current assets 2,373.0 1,674.0 1,989.0 2,688.0 3,417.0
Current assets 4,751.0 4,067.0 4,334.0 6,433.0 7,353.0
Total assets 11,809.0 12,176.0 12,365.0 26,777.0 27,128.0
Capital 208.0 208.0 2,792.0 2,792.0 2,948.0
Other shareholders funds 4,439.0 4,890.0 2,202.0 11,390.0 11,136.0
Total shareholders equity 4,647.0 5,098.0 4,994.0 14,182.0 14,084.0
Minority interests 36.0 35.0 28.0 5.0 17.0
long term debt (financial debts) 1,443.0 1,443.0 1,481.0 4,146.0 3,652.0
Other non current liabilities 2,212.0 2,369.0 2,765.0 4,114.0 4,107.0
Non current liabilities 3,655.0 3,812.0 4,246.0 8,260.0 7,759.0
short term debt (financial debts) 20.0 20.0 10.0 2.0 536.0
Trade accounts payable 871.0 899.0 897.0 1,278.0 1,340.0
Accruals 795.0 665.0
other accounts payable 2,580.0 2,312.0 2,190.0 2,255.0 2,727.0
other current liabilities 2,580.0 2,312.0 2,190.0 3,050.0 3,392.0
Current liabilities 3,471.0 3,231.0 3,097.0 4,330.0 5,268.0
Shareh. equity, min. int. & liabilities 11,809.0 12,176.0 12,365.0 26,777.0 27,128.0
PROFIT AND LOSS ACCOUNT
Sales 10,340.0 10,647.0 10,403.0 17,355.0 17,016.0
Net sales 10,340.0 10,647.0 10,403.0 17,355.0 17,016.0
Other operating revenue 0.0 0.0 144.0
Operating revenue 10,340.0 10,647.0 10,403.0 17,499.0 17,016.0
Cost of goods sold 6,555.0 6,766.0 6,626.0 10,761.0 10,736.0
Gross profit 3,785.0 3,881.0 3,777.0 6,738.0 6,280.0
Other operating
expenses 3,089.0 3,072.0 3,092.0 4,635.0 4,682.0
Operating result 696.0 809.0 685.0 2,103.0 1,598.0
Interest revenues 14.0 17.0 19.0 34.0 31.0
Financial income 14.0 17.0 19.0 34.0 31.0
Interest expenses 97.0 100.0 209.0 244.0 284.0
other financial expenses 77.0 480.0 75.0
Financial expenses 97.0 177.0 689.0 244.0 359.0
Financial result -83.0 -160.0 -670.0 -210.0 -328.0
Result before extraordinary items 613.0 649.0 15.0 1,893.0 1,270.0
Extraordinary income 1,044.0 9.0 804.0 168.0 7.0
Extraordinary Result 1,044.0 9.0 804.0 168.0 7.0
Result before taxes 1,657.0 658.0 819.0 2,061.0 1,277.0
Taxes -182.0 125.0 348.0 326.0 138.0
Result before
minority interests 1,839.0 533.0 471.0 1,735.0 1,139.0
minority interests 1.0 -3.0 -1.0 2.0 7.0
Result for the financial year 1,838.0 536.0 472.0 1,733.0 1,132.0
CASH FLOW
Depreciation 361.0 427.0 418.0 1,318.0 1,203.0
Cash flow 2,200.0 960.0 889.0 3,053.0 2,342.0
Cash flow from operating activities 831.0 841.0 701.0 2,437.0 2,630.0
Investments in tangible fixed assets 288.0 377.0 406.0 788.0 718.0
Cash flow from investing activities -221.0 -655.0 -582.0 -1,325.0 -1,775.0
Cash flow from financing activities -261.0 -456.0 -508.0 -1,481.0 -1,441.0
Others -20.0 -11.0 4.0 -16.0 7.0
Change in liquidity 329.0 -281.0 -385.0 -385.0 -579.0
Liquidity at beginning of the year 563.0 844.0 1,229.0 1,775.0 2,354.0
Liquidity at end of the year 892.0 563.0 844.0 1,390.0 1,775.0
NOTES
Research and Development 174.0 145.0 147.0 131.0
Added value 2,115.0 1,185.0 1,446.0 3,623.0 2,764.0
Working Capital 1,507.0 1,494.0 1,448.0 2,467.0 2,596.0
Net Current Assets 1,280.0 836.0 1,237.0 2,103.0 2,085.0
Sales per Employee 0.2 0.2 0.1 0.2 0.2
Gross cost land and buildings 903.0 1,124.0
Gross cost other tangible fixed assets 8,940.0 8,604.0
Gross cost total 9,843.0 9,728.0
Employees at year end 57,000 70,000 70,000 102,000 108,000
Employees inland 20,000
Employees abroad 37,000
Class: 40-49%
Name: Tyco
International Services GmbH
City/Country: Schaffhausen/SH, Switzerland/CH
Interest: 49,94%
voting right, 49,94% capital interest (since 19.04.2013)
Balance sheet
publication:
The subject company does
not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
23.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
Official bankruptcy
reports:
No bankruptcy publications
available on the subject.
An updated legal action
check is only available against proof of interest. e.g. a copy of an enquiry
letter, and order or invoice relating to the subject company.
The company is not
listed in the WorldCompliance database.
Payment experiences
from pre-legal collection cases:
No payment experiences
from pre-legal collection cases are available.
Payment experiences
from collection cases:
No payment experiences from
legal collection cases are available.
Mode of payment /
Business conduct:
There are no complaints
about the mode of payment and the business conduct.
Note: The VAT number - CHE-116.347.792 MWST
- is the Group VAT number.
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 considered to be very good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.73 |
|
|
1 |
Rs.99.30 |
|
Euro |
1 |
Rs.73.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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.