MIRA INFORM REPORT

 

 

Report No. :

346795

Report Date :

26.10.2015

 

IDENTIFICATION DETAILS

 

Name :

EMS-CHEMIE AG

 

 

Registered Office :

Via Innovativa 1, 7013 Domat/Ems/GR

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2013

 

 

Year of Establishment :

1936

 

 

Com. Reg. No.:

350.3.000.775-8

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

·         Manufacture of Plastics in Primary Forms

·         Manufacture of Synthetic Rubber in Primary Forms

·         Manufacture of Plastic Plates, Sheets, Tubes and Profiles

·         Manufacture of Glues

 

 

No. of Employees :

800-999

 

 

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

 

 

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

 

Surrounded by South Africa, except for a short border with Mozambique, Swaziland depends heavily on South Africa for more than 90% of its imports and for 60% of its exports. Swaziland's currency is pegged to the South African rand, effectively relinquishing Swaziland's monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union, and worker remittances from South Africa supplement domestically earned income. Swaziland’s GDP per capita makes it a lower middle income country, but its income distribution is highly skewed, with an estimated 20% of the population controlling 80% of the nation’s wealth. Subsistence agriculture employs approximately 70% of the population. The manufacturing sector diversified in the 1980s and 1990s, but manufacturing has grown little in the last decade. Sugar and wood pulp had been major foreign exchange earners until the wood pulp producer closed in January 2010, and sugar is now the main export earner. Mining has declined in importance in recent years. Coal, gold, diamond, and quarry stone mines are small-scale, and the only iron ore mine closed in 2014. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and to attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and floods are persistent problems. On 1 January 2015, Swaziland lost its eligibility for benefits under the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000 jobs in the textile and apparel sector, after 3,000 jobs were lost since the 2014 announcement of the loss of AGOA. As of 2013 more than one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the world’s highest HIV prevalence rate.

 

Source : CIA

 

 

Company Name and address

 

EMS-CHEMIE AG

 

Operating address:

Via Innovativa 1

7013 Domat/Ems/GR

Switzerland/CH

 

Telephone:                   081 6326111

Fax:                             081 6327401

 

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

E-mail:                         welcome@emschem.com

 

WIN Worldbox No.:       CH0000043553

VAT-No.:                      CHE-116.326.689 MWST

UID-No.:                       CHE105904234

 

 

Profile

 

Established:                 1936

Line of Business:          Chemicals, Plastics

Industry Division:          Manufacturing

Industry-code (NACE):  2016       Manufacture of plastics in primary forms

                                    2017       Manufacture of synthetic rubber in primary forms

                                    2221       Manufacture of plastic plates, sheets, tubes and profiles

                                    2229       Manufacture of other plastic products

                                    2052       Manufacture of glues

Import/Export:              Export

Export sales:                95,0%

Banks:                          CS Credit Suisse

                                    UBS Ltd

                                    GKB Graubündner Kantonalbank

                                    ZKB Zürcher Kantonalbank

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2015

Employees:                  800-999

Sales:                          CHF 1-2 Bil

 

 

Activity

 

The division includes the manufacture of polymeric materials. The company focuses on the preparation of homo-and copolymers based on polyamides and polyesters. Mainly technical hermoplaste, technical fibers and adhesives are produced.

 

The products produced by the company are sold under the brands GRIVORY - EFTEC.

 

 

Real Estate

 

Real Estate:                  The company owns buildings.

 

 

Company Register

 

Company No:               350.3.000.775-8

UID-No.:                       CHE105904234

Legal form:                   Company limited by shares

Registration:                 27.07.1941

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Graubünden

History:                        Date of Statutes: 15.10.1986

                                    Date of Statutes: 12.07.1941

                                    Date of Incorporation Statutes: 15.05.1936

                                    Date of Statutes: 17.04.2001

                                    Date of Statutes: 20.10.1997

 

Entry          Deleted      Name

18.03.2008                    EMS-CHEMIE AG

                  removed     Usines d'Ems SA

                  18.03.2008  Ems-Chemie AG

                  removed     Ems Industries Ltd

                  removed     Emser Werke AG

 

Entry          Deleted      Legal domicile

active                           Domat/Ems, Switzerland

 

Entry          Deleted      Address

22.12.2009                    Via Innovativa 1, 7013 Domat/Ems/GR, Switzerland/CH

                  22.12.2009  Reichenauerstrasse, 7013 Domat/Ems/GR, Switzerland/CH

 

Entry          Deleted      Capital

03.10.2001                    Share Capital CHF 100,000, paidup CHF 100,000

 

Entry          Deleted      Capital Structure

03.10.2001                    120,000 Registered shares (voting shares) of CHF 0.25

03.10.2001                    56,000 Bearer shares of CHF 1.25

 

 

Official Administration

 

Title                                           Name

President                                    Dr. Ulf Berg

                                                  Citizen: Wallisellen, Switzerland

                                                  Residential address: 6318 Walchwil/ZG, Switzerland

                                                  Born: 1950

                                                  joint signature of two

                                                  Registered since: 20.11.2007

Vice-President                            Magdalena Martullo-Blocher

                                                  Citizen: Meilen, Zürich, Schattenhalb, Switzerland

                                                  Residential address: Meilen/ZH, Switzerland

                                                  Born: 13.08.1969

                                                  joint signature of two

                                                  Registered since: 29.07.2003

Director                                      Bernhard Merki

                                                  Citizen: Würenlingen, Switzerland

                                                  Residential address: Tuggen/SZ, Switzerland

                                                  joint signature of two

                                                  Registered since: 04.09.2014

 

 

Management

 

Title                                           Name

Director                                      Christoph Bischof

                                                  Citizen: Landiswil, Switzerland

                                                  Residential address: Trimmis, Switzerland

                                                  joint signature of two

                                                  Registered since: 14.05.2014

Director                                      Peter Germann

                                                  Citizen: Zürich, Kemmental, Berg, Switzerland

                                                  Residential address: Männedorf/ZH, Switzerland

                                                  Born: 24.05.1959

                                                  joint signature of two

                                                  Registered since: 07.10.2002

Director                                      Herbert Grade

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Zürich /ZH, Switzerland

                                                  Born: 27.02.1938

                                                  joint signature of two

                                                  Registered since: 03.07.1992

Director                                      Dr. Rolf Holderegger

                                                  Citizen: Appenzell, Switzerland

                                                  Residential address: 8594 Güttingen/TG, Switzerland

                                                  joint signature of two

                                                  Registered since: 07.04.2010

Director                                      Dr. Jean J. Linster

                                                  Citizen: Luxembourg

                                                  Residential address: Chur, Switzerland

                                                  joint signature of two

                                                  Registered since: 16.02.2012

Director                                      Ludwig Locher

                                                  Citizen: Domat/Ems, Switzerland

                                                  Residential address: Domat/Ems/GR, Switzerland

                                                  Born: 17.01.1949

                                                  joint signature of two

Director                                      Dr. Hans Rudolf Luck

                                                  Citizen: St. Antönien Ascharina, Switzerland

                                                  Residential address: Domat/Ems/GR, Switzerland

                                                  joint signature of two

                                                  Registered since: 19.02.1997

Director                                      Hanspeter Spillmann

                                                  Citizen: Willnachern, Switzerland

                                                  Residential address: Lupfig/AG, Switzerland

                                                  Born: 18.12.1955

                                                  joint signature of two

                                                  Registered since: 07.05.1992

Vice-Director                               Dr. Luca Bettoja

                                                  Citizen: Solothurn, Bärschwil, Switzerland

                                                  Residential address: Gossau/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 19.03.2004

Vice-Director                               Reto Hürner

                                                  Citizen: Thun, Switzerland

                                                  Residential address: 7204 Untervaz/GR, Switzerland

                                                  joint signature of two

                                                  Registered since: 10.03.2003

Vice-Director                               Christian Kruse

                                                  Citizen: Wartau, Switzerland

                                                  Residential address: Trübbach (Wartau), Switzerland

                                                  joint signature of two

                                                  Registered since: 19.03.2004

Vice-Director                               Andreas Lütscher

                                                  Citizen: Haldenstein, Switzerland

                                                  Residential address: Domat/Ems, Switzerland

                                                  Born: 21.01.1956

                                                  joint signature of two

                                                  Registered since: 26.02.1993

Vice-Director                               Dr. Nicolas Rémy Meyer

                                                  Citizen: Basel, Switzerland

                                                  Residential address: Zürich, Switzerland

                                                  joint signature of two

                                                  Registered since: 04.03.2011

Vice-Director                               Christian Morf

                                                  Citizen: Wangen-Brüttisellen, Switzerland

                                                  Residential address: Scharans, Switzerland

                                                  joint signature of two

                                                  Registered since: 20.01.1994

Vice-Director                               Dr. Jürgen Spindler

                                                  Citizen: Germany

                                                  Residential address: Domat/Ems/GR, Switzerland

                                                  Born: 05.05.1958

                                                  joint signature of two

                                                  Registered since: 09.03.1995

Vice-Director                               André Sturzel

                                                  Citizen: France

                                                  Residential address: Igis, Switzerland

                                                  Born: 23.08.1966

                                                  joint signature of two

                                                  Registered since: 10.03.2003

Vice-Director                               Daniel Waldvogel

                                                  Citizen: Zürich, Stetten SH, Switzerland

                                                  Residential address: 7000 Chur/GR, Switzerland

                                                  Born: 12.09.1959

                                                  joint signature of two

                                                  Registered since: 07.04.2010

Vice-Director                               Albert Ziegler

                                                  Citizen: Galgenen, Switzerland

                                                  Residential address: Gross(Einsiedeln)/SZ, Switzerland

                                                  Born: 06.11.1952

                                                  joint signature of two

                                                  Registered since: 10.10.2001

Member with procuration             Dr. Andreas Bayer

                                                  Citizen: Germany

                                                  Residential address: Domat/Ems, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 15.12.2014

Member with procuration             Dr. Klaus Bender

                                                  Citizen: Germany

                                                  Residential address: Bonaduz, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.02.2014

Member with procuration             Susanne Bolt

                                                  Citizen: Nesslau, Switzerland

                                                  Residential address: St. Gallen, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.02.2000

Member with procuration             Urs Britt

                                                  Citizen: Mels, Switzerland

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 13.02.2002

Member with procuration             Hans-Jürg Caluori

                                                  Citizen: Bonaduz, Switzerland

                                                  Residential address: Fläsch, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 26.02.1993

Member with procuration             Mario Cangemi

                                                  Citizen: Italy

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.03.2003

Member with procuration             Giuseppe D'Atria

                                                  Citizen: Poschiavo, Switzerland

                                                  Residential address:  Ilanz, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.03.2004

Member with procuration             Marcel Droll

                                                  Citizen: Tecknau, Switzerland

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.03.2003

Member with procuration             Volker Eichhorn

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.03.2007

Member with procuration             Oscar Fetz

                                                  Citizen:  Domat/Ems, Switzerland

                                                  Residential address:  Domat/Ems, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.02.1997

Member with procuration             Elke Gebauer

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.07.2013

Member with procuration             Dr.  Conrad Georg Gericke

                                                  Citizen: Küsnacht ZH, Switzerland

                                                  Residential address: Küsnacht /ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 25.02.2009

Member with procuration             Ralf Hala

                                                  Citizen: Germany

                                                  Residential address: Lindenberg , Germany

                                                  joint power of attorney of two

                                                  Registered since: 15.12.2014

Member with procuration             Roman Hepberger

                                                  Citizen: Sennwald, Switzerland

                                                  Residential address: Rothenbrunnen, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 11.04.2006

Member with procuration             Dr. Manfred Hewel

                                                  Citizen: Germany

                                                  Residential address: Rodels, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 03.07.1992

Member with procuration             Ondrej Hlavinka

                                                  Citizen: Czech

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 22.02.2013

Member with procuration             Dr. Heinz Georg Hoff

                                                  Citizen: Germany

                                                  Residential address: Tamins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.03.2003

Member with procuration             Dr.  Botho Hoffmann

                                                  Citizen: Germany

                                                  Residential address: Domat/Ems/GR, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 25.02.2009

Member with procuration             Dr. Ralf Hoppe

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 16.02.2012

Member with procuration             Markus Jaeggi

                                                  Citizen: Markus, Switzerland

                                                  Residential address: Igis (Landquart), Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 15.12.2014

Member with procuration             Dr. Andreas Kaplan

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.02.1997

Member with procuration             Nikolai Lamberts

                                                  Citizen: Germany

                                                  Residential address: 7402 Bonaduz/GR, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 07.04.2010

Member with procuration             Giacomo Marchetti

                                                  Citizen: Horgen, Switzerland

                                                  Residential address: Adliswil, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 26.02.1993

Member with procuration             Jürg Martinelli

                                                  Citizen: Tschlin, Switzerland

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.03.2007

Member with procuration             Torsten Mehler

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.02.2014

Member with procuration             Dr.  Jürgen Müller

                                                  Citizen: Germany

                                                  Residential address: Bonaduz, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.03.2004

Member with procuration             Andreas Müller

                                                  Citizen: Teufen AR, Switzerland

                                                  Residential address: Chur/GR, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 25.02.2009

Member with procuration             Thomas Wolf Müller

                                                  Citizen: Weinfelden, Switzerland

                                                  Residential address: Weinfelden, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 25.02.2009

Member with procuration             Linard Pitsch

                                                  Citizen: Tschierv, Switzerland

                                                  Residential address: Domat/Ems, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 13.02.2002

Member with procuration             Dr. Gerhard Fred Pössnecker

                                                  Citizen: Germany

                                                  Residential address: Passugg-Araschgen (Churwalden), Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.03.2008

Member with procuration             Darko Radanovic

                                                  Citizen: Serbia

                                                  Residential address: Tamins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 16.02.2012

Member with procuration             Kurt Sigrist

                                                  Citizen: Meisterschwanden, Switzerland

                                                  Residential address: Tamins, Switzerland

                                                  joint power of attorney of two

Member with procuration             Klaus Stöckel

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.02.2014

Member with procuration             Thomas Strauss

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.10.2001

Member with procuration             Dr. Hermann Tillgner

                                                  Citizen: Germany

                                                  Residential address: Chur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.03.2007

Member with procuration             Dr. Thomas Weller

                                                  Citizen: Germany

                                                  Residential address: Bonaduz, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.03.2003

Member with procuration             Josef Wolf

                                                  Citizen: Untervaz, Switzerland

                                                  Residential address: Domat/Ems, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 10.03.2003

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG AG

                                                  Residential address: Zürich, Switzerland

                                                  Id: CHE-106.084.881

                                                  Registered since: 09.12.2009

 

 

Ultimate Parent Company

 

Name:                          EMS-CHEMIE HOLDING AG

City/Country:                Domat/Ems/GR, Switzerland/CH

 

 

Financial Data EMS-CHEMIE HOLDING AG

 

Consolidation:                                    Consolidated

Industry:                                             Trade/Industry

 

Fiscal year end:                                     31.12.2013        31.12.2012        31.12.2011        31.12.2010        31.12.2009

Number of months:                                      12                    12                    12                    12                    12

Currency:                                                 th. CHF             th. CHF            th. CHF             th. CHF            th. CHF

Statement norm:                                                                                         IAS                   IAS                  IAS

 

Balance Sheet

Intangible fixed assets                                92,586.0           31,789.0           23,375.0           23,061.0           26,114.0

Land and buildings                                    147,118.0          143,822.0         145,312.0          151,337.0         154,971.0

Other tangible fixed assets                        368,083.0          352,229.0         361,677.0          336,791.0         344,066.0

Tangible fixed assets                                515,201.0          496,051.0         506,989.0          488,128.0         499,037.0

Financial fixed assets                                   4,267.0           25,970.0           34,396.0           20,970.0           37,340.0

other fixed assets                                       29,700.0           13,744.0           27,262.0           26,424.0             6,869.0

Fixed assets                                             641,754.0          567,554.0         592,022.0          558,583.0         569,360.0

 

Stocks                                                      314,183.0          315,196.0         297,588.0          255,000.0         217,864.0

Trade accounts receivable                         258,920.0          247,970.0         231,649.0          211,657.0         203,569.0

Liquid assets                                            440,019.0          461,041.0         417,995.0          436,248.0         489,104.0

Securities                                                           0.0                   0.0           15,117.0          148,801.0         187,163.0

other trade accounts                                   51,672.0           48,799.0           56,678.0           35,386.0           33,636.0

Accruals                                                     31,304.0           20,426.0           23,269.0           23,246.0           10,594.0

Other current assets                                  522,995.0          530,266.0         513,059.0          643,681.0         720,497.0

Current assets                                       1,096,098.0       1,093,432.0       1,042,296.0       1,110,338.0       1,141,930.0

 

Total assets                                           1,737,852.0       1,660,986.0       1,634,318.0       1,668,921.0       1,711,290.0

 

Capital                                                            234.0                234.0                234.0                234.0                234.0

Other shareholders funds                        1,184,654.0       1,123,201.0       1,041,160.0       1,096,600.0       1,004,617.0

Total shareholders equity                      1,184,888.0       1,123,435.0       1,041,394.0       1,096,834.0       1,004,851.0

 

Minority interests                                        14,424.0           14,732.0           15,108.0           13,530.0           16,873.0

long term debt (financial debts)                         42.0          100,053.0         100,563.0           50,090.0         150,000.0

Provisions                                                    4,075.0             4,013.0             5,890.0           16,041.0           19,303.0

Other non current liabilities                         119,137.0          114,589.0         108,317.0          101,171.0         103,244.0

Non current liabilities                              123,254.0          218,655.0         214,770.0          167,302.0         272,547.0

 

short term debt (financial debts)                100,000.0           19,042.0           82,366.0          115,620.0         164,355.0

Trade accounts payable                            108,085.0          109,514.0         112,458.0          114,581.0           98,638.0

Provisions                                                    4,623.0             1,442.0                759.0             1,026.0             1,903.0

Accruals                                                     76,377.0           74,997.0           68,347.0           75,970.0           73,892.0

other accounts payable                             126,201.0           99,169.0           99,116.0           84,058.0           78,231.0

other current liabilities                                207,201.0          175,608.0         168,222.0          161,054.0         154,026.0

Current liabilities                                     415,286.0          304,164.0         363,046.0          391,255.0         417,019.0

 

Shareh. equity, min. int. & liabilities     1,737,852.0       1,660,986.0       1,634,318.0       1,668,921.0       1,711,290.0

 

Profit and loss account

Net sales                                               1,885,187.0       1,755,363.0       1,657,676.0       1,595,603.0       1,197,732.0

Other operating revenue                              33,692.0           30,350.0           65,461.0           41,572.0           66,349.0

Operating revenue                                 1,918,879.0       1,785,713.0       1,723,137.0       1,637,175.0       1,264,081.0

 

Cost of goods sold                                1,152,523.0       1,081,435.0       1,053,139.0          971,305.0         681,141.0

Gross profit                                              766,356.0          704,278.0         669,998.0          665,870.0         582,940.0

Other operating expenses                          397,469.0          384,617.0         376,010.0          384,255.0         361,135.0

Operating result                                       368,887.0          319,661.0         293,988.0          281,615.0         221,805.0

 

Interest revenues                                             676.0                535.0                851.0             1,212.0             1,217.0

other financial revenues                               28,571.0           11,098.0             9,461.0           26,193.0           38,660.0

Financial income                                         29,247.0           11,633.0           10,312.0           27,405.0           39,877.0

Interest expenses                                         2,040.0             2,051.0             3,351.0             5,518.0             9,863.0

other financial expenses                              10,990.0             6,961.0             6,064.0           23,370.0             2,080.0

Financial expenses                                     13,030.0             9,012.0             9,415.0           28,888.0           11,943.0

Financial result                                            16,217.0             2,621.0                897.0            -1,483.0           27,934.0

Result before extraordinary items            385,104.0          322,282.0         294,885.0          280,132.0         249,739.0

 

Extraordinary Result                                            0.0                   0.0                   0.0                   0.0                   0.0

Result before taxes                                  385,104.0          322,282.0         294,885.0          280,132.0         249,739.0

 

Taxes                                                         61,298.0           48,601.0           52,739.0           48,036.0           28,518.0

Result before minority interests                  323,806.0          273,681.0         242,146.0          232,096.0         221,221.0

minority interests                                          6,188.0             5,791.0             5,015.0             6,217.0             5,083.0

Result for the financial year                     317,618.0          267,890.0         237,131.0          225,879.0         216,138.0

 

Cash flow

Depreciation                                               55,134.0           54,302.0           52,004.0           53,463.0           57,792.0

Cash flow                                                 378,940.0          327,983.0         294,150.0          285,559.0         279,013.0

Cash flow from operating activities            344,333.0          282,902.0         229,632.0          212,915.0         252,234.0

Investments in tangible fixed assets            57,448.0           44,225.0           75,858.0           49,032.0           37,562.0

Cash flow from investing activities              -95,382.0          -31,896.0           55,094.0           15,310.0          -92,903.0

Cash flow from financing activities            -271,563.0         -211,849.0        -296,162.0         -268,193.0        -116,475.0

Others                                                          1,590.0             3,889.0            -6,817.0          -12,888.0            -1,652.0

Change in liquidity                                     -21,022.0           43,046.0          -18,253.0          -52,856.0           41,204.0

Liquidity at beginning of the year               461,041.0          417,995.0         436,248.0          489,104.0         447,900.0

Liquidity at end of the year                        440,019.0          461,041.0         417,995.0          436,248.0         489,104.0

 

Notes

Material costs                                        1,150,114.0       1,102,886.0       1,053,139.0          997,751.0         664,546.0

Cost of employees                                   222,413.0          207,399.0         203,478.0          206,690.0         195,240.0

Research and Development                         39,962.0           35,887.0           35,916.0           35,953.0           39,149.0

Added value                                             664,691.0          586,034.0         553,718.0          545,803.0         512,634.0

Working Capital                                         465,018.0          453,652.0         416,779.0          352,076.0         322,795.0

Sales per Employee                                        706.1                740.3                739.4                707.3                568.7

Market capitalisation                               7,414,300.0       5,038,000.0       3,721,194.3       3,877,900.8       2,895,561.6

Gross cost land and buildings                   326,072.0          315,096.0         311,729.0          311,652.0         328,388.0

Gross cost other tangible fixed assets    1,038,781.0       1,007,131.0       1,308,616.0          935,822.0         912,847.0

Gross cost total                                     1,364,853.0       1,322,227.0       1,620,345.0       1,247,474.0       1,241,235.0

Insurance value total                               1,846,265.0       1,760,354.0       1,698,646.0       1,625,619.0       1,552,192.0

 

Employees  at year end                                   2,670                2,371                2,242                2,256                2,106

Employees inland                                            1,016                   981                1,013                1,023                  984

Employees abroad                                          1,654                1,390                1,229                1,233                1,122

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is domestic owned.

 

Class:                          100%

Type:                           direct, Group-Level 1

Name:                          EMS-CHEMIE HOLDING AG

City/Country:                Domat/Ems/GR, Switzerland/CH

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

 

 

Sisters

 

Name:                          Eftec Europe Holding AG

City/Country:                Zug/ZG, Switzerland/CH

 

Name:                          EMS-CHEMIE (China) Ltd

City/Country:                Shanghai, China/CN

 

Name:                          Ems-Chemie (Deutschland) GmbH

City/Country:                Gross-Umstadt, Germany/DE

 

Name:                          Ems-Chemie (Neumünster) Holding GmbH

City/Country:                Neumünster/Schleswig-Holstein, Germany/DE

 

Name:                          EMS-CHEMIE (Produktion) AG

City/Country:                Domat/Ems/GR, Switzerland/CH

 

Name:                          EMS-CHEMIE (Suzhou) Ltd

City/Country:                Suzhou, China/CN

 

Name:                          Ems-Chemie (Taiwan) Ltd

City/Country:                Hsin Chu Hsien, Taiwan/TW

 

Name:                          Ems-Grilon Holding Inc

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

 

Name:                          EMS-International Finance (Guernsey) Ltd

City/Country:                Guernsey, United Kingdom/GB

 

Name:                          EMS-PATENT AG

City/Country:                Domat/Ems /GR, Switzerland/CH

 

Name:                          Ems-Patvag sro

City/Country:                Prag, Czech/CZ

 

Name:                          Ems-Togo Corporation

City/Country:                Taylor/Michigan, United States of America/US

 

 

Investments

 

Class:                          100%

Name:                          EMS Chemie (Japan) Ltd

City/Country:                Tokyo, Japan/JP

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

 

Class:                          100%

Name:                          Ems-Chemie (France) SA

City/Country:                Boulogne, France/FR

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

 

Class:                          100%

Name:                          EMS-CHEMIE (Italia) srl

City/Country:                Mailand, Italy/IT

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

 

Class:                          100%

Name:                          Ems-Chemie (Korea) Ltd

City/Country:                Pyeong Chon-Dong, South Korea/KR

Interest:                        100,00% voting right, 100,00% capital interest (since 31.12.2010)

 

Class:                          100%

Name:                          Ems-Chemie (UK) Ltd

City/Country:                Stafford/Staffordshire, United Kingdom/GB

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

 

Class:                          100%

Name:                          EMS-INVENTA AG

City/Country:                Männedorf/ZH, Switzerland/CH

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

 

Class:                          50-100%

Name:                          Ems-Ube Ltd

City/Country:                Ube, Japan/JP

Interest:                        66,67% voting right, 66,67% capital interest

 

 

Financials

 

Balance sheet publication:

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

09.01.2014          2014                           0                                      Legal actions

31.12.2013          2013                           0                                      Legal actions

31.12.2012          2012                           0                                      Legal actions

31.12.2011          2011                           0                                      Legal actions

31.12.2010          2010                           0                                      Legal actions

31.12.2009          2009                           0                                      Legal actions

31.12.2008          2008                           0                                      Legal actions

31.12.2007          2007                           0                                      Legal actions

31.12.2006          2006                           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.

 

 

Sanctions List

 

The company is not listed in the WorldCompliance database.

 

 

Payment experiences

 

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.

 

 

Remarks

 

Note: The VAT number - CHE-116.326.689 MWST - is the Group VAT number.

 

 

Credit Information

 

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 good.

 

Payment experiences:   Financial obligations are paid very punctually.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.88

UK Pound

1

Rs.99.89

Euro

1

Rs.72.06

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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

 

--

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%)

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.