|
Report No. : |
345281 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHMID RHYNER AG |
|
|
|
|
Registered Office : |
Soodring 29 8134 Adliswil/ZH |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1933 |
|
|
|
|
Com. Reg. No.: |
020.3.923.390-5 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacture and distribution of bases, overprint varnishes
and laminating adhesives. |
|
|
|
|
No. of Employee : |
50-79 |
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 : |
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
witzerland
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 |
SCHMID RHYNER AG
Operating
address
Soodring 29
8134 Adliswil/ZH
Switzerland/CH
Telephone: 044
7126400
Fax: 044
7090804
Web
site: http://www.schmid-rhyner.ch
E-mail: infopf@schmid-rhyner.ch
WIN
Worldbox No.: CH0000105994
VAT-No.: CHE-105.929.493 MWST
UID-No.: CHE105929493
Established: 1933
History: 1959: Limited company
Line of Business: Chemicals
Industry Division: Manufacturing
Industry-code (NACE): 2030 Manufacture of paints,
varnishes and similar coatings, printing ink and mastics
Import/Export: Export
Quality certification: ISO 9001:2008 (since 1997)
ISO
14001:2004 (since 1997)
Banks: UBS
Ltd
CS
Credit Suisse
ZKB Zürcher
Kantonalbank
Bank Leu
Coverage: Company
Employees: 50-79
Sales: CHF
60-80 Mio
The business activities includes the manufacture
and distribution of bases, overprint varnishes and laminating adhesives. The
company provides solutions for customers in the printing and packaging industry
functionalize the surfaces. Among the own brand name WESSCO®, WESSCO® LM &
WESSCO® EPPi® LM the company sells UV-curable coatings, adhesives and primers,
also aqueous coatings under the brand GALACRYL®. The products are used in packaging
(cardboard box, corrugated cardboard, flexible packaging and labels) as well as
in commercial and publication products (corporate brochures, magazine covers
and informational materials). Sales network worldwide in more than 100
countries.
Information on property
ownership was not available.
Company No: 020.3.923.390-5
UID-No.: CHE105929493
Legal form: Company
limited by shares
Registration: 28.07.1959
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date
of Statutes: 25.09.1981
Date
of Statutes: 12.09.2003
Entry Deleted Name
12.11.2003 SCHMID
RHYNER AG
12.11.2003 Schmid, Rhyner AG
Entry Deleted Legal domicile
active Adliswil,
Switzerland
Entry Deleted Address
16.10.1998 Soodring
29, 8134 Adliswil, Switzerland/CH
16.10.1998 Industriering 29, 8134 Adliswil/ZH,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,200,000, paidup CHF 1,200,000
Entry Deleted Capital Structure
active 1,200
Registered shares of CHF 1,000.--
Title Name
President Ernst
Bärtschi
Citizen:
Luzern, Switzerland
Residential
address: Zug, Switzerland
joint
signature of two
Registered
since: 19.03.2015
Director Kaspar
Kelterborn
Citizen:
Basel, Switzerland
Residential
address: Altendorf, Switzerland
joint
signature of two
Registered
since: 15.08.2006
Director Barbara
Senn
Citizen:
Unterkulm, Switzerland
Residential
address: Winterthur, Switzerland
joint
signature of two
Registered
since: 19.03.2015
Director Fabio
Sorgesa
Title Name
Member
with signing authority Christoph
Burkert
Citizen:
Austria
Residential
address: Zürich, Switzerland
joint
signature of two
Registered
since: 22.05.2012
Member
with signing authority Nebojsa
Curcic
Citizen:
Croatia
Residential
address: Schübelbach, Switzerland
joint
signature of two
Registered
since: 01.11.2011
Member
with signing authority Jakob Rohner
Citizen:
Heiden, Switzerland
Residential
address: Wettingen, Switzerland
joint
signature of two
Registered
since: 01.11.2011
Member
with signing authority Dirk
Schlatterbeck
Citizen:
Germany
Residential
address: Bussnang, Germany
joint
signature of two
Registered
since: 01.11.2011
Member
with signing authority Hans Rudolf Spitz
Citizen:
Grabs, Switzerland
Residential
address: Sennwald, Switzerland
joint
signature of two
Registered
since: 01.11.2011
Title Name
Auditor KPMG AG
Residential
address: Zürich, Switzerland
Id:
CHE-106.084.881
Registered
since: 14.08.1992
Title Name
Chief
Executive Officer Jakob
Rohner (j.rohner@schmid-rhyner.ch)
Chief
Financial Officer Christoph
Burkert (c.burkert@schmid-rhyner.ch)
Chief
Operating Officer Hans
Rudolf Spitz (h.spitz@schmid-rhyner.ch)
Product Manager Nebojsa
Curcic (n.curcic@schmid-rhyner.ch)
Chief Technical Officer Dirk Schlatterbeck
(d.schlatterbeck@schmid-rhyner.ch)
Name: Conzzeta
AG
City/Country: Zürich/ZH,
Switzerland/CH
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Conzzeta
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1987)
Name: Bystronic Laser AG
City/Country: Niederönz/BE, Switzerland/CH
Name: Bystronic Maschinen AG
City/Country: Bützberg/BE, Switzerland/CH
Name: Conzzeta Holding
Deutschland AG
City/Country: Leverkusen, Germany/DE
Name: Conzzeta Management AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Fritz Nauer AG
City/Country: Wolfhausen/ZH, Switzerland/CH
Name: ixmation AG
City/Country: Kestenholz/SO, Switzerland/CH
Name: Ixmation (Asia) Sdn
Bhd
City/Country: Penang, Malaysia/MY
Name: Ixmation Inc
City/Country: Bloomingdale,
United States of America/US
Name: MAMMUT SPORTS GROUP AG
City/Country: Seon/AG, Switzerland/CH
Name: PLAZZA IMMOBILIEN AG
City/Country: Zürich/ZH, Switzerland/CH
Consolidation: unconsolidated
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
Remarks: about
Operating revenue 68,000.0 56,100.0 50,400.0 48,100.0 46,600.0
Capital 1,200.0 1,200.0 1,200.0 1,200.0 1,200.0
Investments in tangible fixed assets 4,200.0 3,900.0 2,400.0 1,800.0 1,500.0
Sales per Employee 1,046.0 935.0 869.0 1,002.0 991.0
Employees at year end 65 60 58 48 47
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th.
CHF th. CHF
Statement norm: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
BALANCE SHEET
Intangible fixed assets 8,678.0 9,824.0 12,156.0 11,082.0 7,152.0
Land and buildings 239,700.0 232,300.0 245,300.0 234,000.0 256,400.0
Other tangible
fixed assets 74,484.0 73,767.0 74,245.0 81,633.0 63,930.0
Tangible fixed assets 314,184.0 306,067.0 319,545.0 315,633.0 320,330.0
Financial fixed assets 53,550.0 47,074.0 32,912.0 42,739.0 45,044.0
other fixed assets 0.0 0.0 0.0 0.0 0.0
Fixed assets 376,412.0 362,965.0 364,613.0 369,454.0 372,526.0
Stocks 256,222.0 243,852.0 254,924.0 246,857.0 204,430.0
Trade accounts receivable 163,221.0 178,625.0 186,410.0 216,491.0 167,704.0
Cash & Cash Equivalents 608,981.0 450,376.0 355,485.0 388,163.0 404,008.0
Securities 8,148.0 56,422.0 66,762.0 94,325.0 106,903.0
other trade accounts 33,709.0 34,259.0 29,764.0 21,573.0 18,109.0
Accruals 4,420.0 10,059.0 11,286.0 15,346.0 13,887.0
Other current assets 655,258.0 551,116.0 463,297.0 519,407.0 542,907.0
Current assets 1,074,701.0 973,593.0 904,631.0 982,755.0 915,041.0
Total assets 1,451,113.0 1,336,558.0 1,269,244.0 1,352,209.0 1,287,567.0
Capital 5,175.0 46,000.0 46,000.0 46,000.0 46,000.0
Other shareholders funds 1,127,605.0 964,871.0 911,510.0 967,054.0 936,434.0
Total shareholders equity 1,132,780.0 1,010,871.0 957,510.0 1,013,054.0 982,434.0
Minority interests 0.0 0.0 -82.0 0.0 297.0
long term debt (financial debts) 6,831.0 7,912.0 8,442.0 8,737.0 8,876.0
Provisions 56,404.0 63,579.0 59,803.0 63,681.0 63,973.0
Other non current liabilities 2,156.0 1,162.0 1,022.0 630.0 519.0
Non current liabilities 65,391.0 72,653.0 69,267.0 73,048.0 73,368.0
short term debt (financial debts) 5,756.0 8,205.0 6,158.0 12,247.0 6,592.0
Trade accounts payable 87,322.0 83,401.0 86,374.0 149,717.0 123,679.0
Provisions 21,775.0 22,818.0 20,872.0 20,659.0 24,532.0
Accruals 76,135.0 70,581.0 79,596.0 71,390.0 66,232.0
other accounts payable 61,954.0 68,029.0 49,549.0 12,094.0 10,433.0
other current liabilities 159,864.0 161,428.0 150,017.0 104,143.0 101,197.0
Current liabilities 252,942.0 253,034.0 242,549.0 266,107.0 231,468.0
Shareh. equity, min. int. & liabilities 1,451,113.0 1,336,558.0 1,269,244.0 1,352,209.0 1,287,567.0
PROFIT AND LOSS ACCOUNT
Net sales 1,195,731.0 1,193,974.0 1,161,509.0 1,128,118.0 1,051,943.0
Other operating revenue 8,689.0 7,423.0 -1,758.0 23,920.0 25,916.0
Operating revenue 1,204,420.0 1,201,397.0 1,159,751.0 1,152,038.0 1,077,859.0
Cost of goods sold 568,379.0 579,211.0 560,986.0 579,680.0 531,674.0
Gross profit 636,041.0 622,186.0 598,765.0 572,358.0 546,185.0
Other operating
expenses 531,720.0 534,483.0 543,435.0 510,496.0 489,299.0
Operating result 104,321.0 87,703.0 55,330.0 61,862.0 56,886.0
Interest revenues 5,381.0 4,143.0 3,306.0 4,400.0 3,195.0
other financial revenues 140.0 125.0 120.0 6.0 123.0
Financial income 5,521.0 4,268.0 3,426.0 4,406.0 3,318.0
Interest expenses 600.0 1,200.0 2,800.0 918.0 5,800.0
other financial expenses 0.0 0.0 0.0 0.0 0.0
Financial expenses 600.0 1,200.0 2,800.0 918.0 5,800.0
Financial result 4,921.0 3,068.0 626.0 3,488.0 -2,482.0
Result before extraordinary items 109,242.0 90,771.0 55,956.0 65,350.0 54,404.0
Extraordinary income 2,984.0 8,488.0 1,149.0 5,400.0
Extraordinary expenses 23,739.0
Extraordinary Result -23,739.0 2,984.0 8,488.0 1,149.0 5,400.0
Result before
taxes 85,503.0 93,755.0 64,444.0 66,499.0 59,804.0
Taxes 24,097.0 19,996.0 18,841.0 14,360.0 8,228.0
Result before
minority interests 61,406.0 73,759.0 45,603.0 52,139.0 51,576.0
minority interests 312.0 -745.0 50.0 117.0
Result for the financial year 61,406.0 73,447.0 46,348.0 52,089.0 51,459.0
CASH FLOW
Depreciation 30,476.0 31,919.0 30,825.0 30,234.0 32,817.0
Cash flow 91,882.0 105,678.0 76,428.0 82,373.0 84,393.0
Cash flow from operating activities 103,977.0 115,690.0 72,779.0 18,155.0 75,670.0
Investments in tangible fixed assets 22,058.0 20,000.0 38,200.0 35,529.0 18,034.0
Cash flow from investing activities -30,560.0 -4,024.0 414.0 -19,418.0 -58,098.0
Cash flow from financing activities 85,604.0 -15,641.0 -105,751.0 -13,993.0 -12,189.0
Others -416.0 -1,134.0 -120.0 -589.0 -4,659.0
Change in liquidity 158,605.0 94,891.0 -32,678.0 -15,845.0 724.0
Liquidity at beginning of the year 450,376.0 355,485.0 388,163.0 404,008.0 403,284.0
Liquidity at end of the year 608,981.0 450,376.0 355,485.0 388,163.0 404,008.0
NOTES
Material costs 568,379.0 579,211.0 560,986.0 579,680.0 531,674.0
Cost of employees 298,107.0 287,465.0 305,128.0 281,200.0 269,216.0
Added value 414,686.0 414,339.0 403,197.0 378,851.0 367,637.0
Working Capital 332,121.0 339,076.0 354,960.0 313,631.0 248,455.0
Net Current Assets 821,759.0 720,559.0 662,082.0 716,648.0 683,573.0
Sales per Employee 341.6 333.1 322.3 321.7 324.9
Market capitalisation 1,752,000.0 954,040.0 765,440.0 827,540.0 874,000.0
Gross cost land
and buildings 510,500.0 496,500.0 503,300.0 485,300.0 494,500.0
Gross cost other tangible fixed assets 279,100.0 264,800.0 257,900.0 258,300.0 233,800.0
Gross cost total 789,600.0 761,300.0 761,200.0 743,600.0 728,300.0
Insurance value land and buildings 601,200.0 611,200.0 617,100.0 617,600.0 628,600.0
Insurance value other tang. fixed assets 920,400.0 305,900.0 299,400.0 916,800.0 277,600.0
Insurance value total 1,521,600.0 917,100.0 916,500.0 1,534,400.0 906,200.0
Employees at year end 3,337 3,548 3,627 3,576 3,322
Full time units at year end 3,500 3,584 3,604 3,507 3,238
Employees inland 1,134 1,136 1,175 1,145
Employees abroad 2,414 2,491 2,401 2,177
Class: 100%
Name: Schmid Rhyner (USA)
Inc
City/Country: Marlton/NY, United States of
America/US
Interest: 100,00%
voting right, 100,00% capital interest
Control date Year No. Amount CHF Status
13.10.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal actions
31.12.2009 2009 0 Legal
actions
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.
Financial Situation: The financial situation is considered to be good.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
|
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.