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Report No. : |
340807 |
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Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CHEMSWISS AG |
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Registered Office : |
Sihlbruggstrasse 109 6340 Baar/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
130.0.009.985-9 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of pharmaceutical goods |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
ChemSwiss AG
Sihlbruggstrasse 109
6340 Baar/ZG
Switzerland/CH
Telephone: 041 7660490
Fax: 041 7660499
Web site: http://www.chemswiss.com
E-mail: chemswiss@chemswiss.ch
WIN Worldbox No.: CH0003513645
VAT-No.: CHE-104.927.847 MWST
UID-No.: CHE104927847
Established: 1998
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4646 Wholesale of pharmaceutical goods
Import/Export: Import, Export
Banks: unknown
Organisation level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 11
Sales: CHF 20-40 Mio
The company offering a variety of services to selected partners within the pharmaceutical, veterinary and nutraceutical industries.
The product groups are:
- Steroids & Hormones
- New generic APIs
- Veterinary ingredients & feed
additives
- Nutraceuticals
- Special ingredients for the chemical
industry
Sourcing Office China (since 2004):
Room 2207, Building C,
188 Zhangyang Road,
Pudong, Shanghai 200122
Phone:+86 21 5840 3570, 5840 8066
Fax: +86 21 5840 8066
Sales Office Egypt (since 01.07.2012):
36 Batrawy St., First District
Nasr City, Cairo
Phone: +20 1001 960 373
Fax: +20 2240 14338
Sales Office Germany (Since January 2010):
Osterfeld 2
21376 Luebberstedt-Hamburg
Phone: +49 4175 808 745
Fax: +49 4175 802 1587
Sourcing Office India (since 01.05.2013)
C-18, Panchajanya CHS
Ramchandra Nagar,
Manpada Road, Dombivli (E)
421201 Thane
Phone: +91 9 920 321 414
Real Estate: The
company does not appear to own any property.
Company No: 130.0.009.985-9
UID-No.: CHE104927847
Legal form: Company
limited by shares
Registration: 18.10.2002
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
History: Date
of Statutes: 14.10.2002
Date of
Statutes: 15.05.2002
Date of
Statutes: 16.02.2000
Date of
Incorporation Statutes: 20.11.1998
Entry Deleted Name
18.10.2002 ChemSwiss
AG
Entry Deleted Legal domicile
18.10.2002 Baar,
Switzerland
16.03.2000 18.10.2002 Freienbach, Switzerland
26.11.1998 16.03.2000 Pfäffikon, Switzerland
Entry Deleted Address
18.10.2002 Sihlbruggstrasse
109, 6340 Baar, Switzerland/CH
26.11.1998 16.03.2000 Driesbüelstrasse 11, 8008 Pfäffikon,
Switzerland/CH
Entry Deleted Capital
16.05.2002 Share
Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
16.05.2002 500
Registered shares of CHF 1,000.--
Title Name
Director Beat
Berger
Citizen:
Sennwald, Switzerland
Residential
address: 6300 Zug, Switzerland
Born:
1970
single
signature
Registered
since: 18.10.2002
Title Name
General Manager Beat Berger
Citizen:
Sennwald, Switzerland
Residential
address: 6300 Zug, Switzerland
Born:
1970
single
signature
Registered
since: 18.10.2002
Director Eckhard
Gross
Citizen:
Germany
Residential
address: Luebberstedt , Germany
joint
signature of two
Registered
since: 15.07.2011
Member with signing authority Dr. Christine Dietrich
Citizen:
Germany
Residential
address: Dottikon, Switzerland
joint
signature of two
Registered
since: 22.04.2015
Member with signing authority Franqueiro Elvis Gomez
Citizen:
Spain
Residential
address: Luzern, Switzerland
joint
signature of two
Registered
since: 19.02.2014
Member with signing authority Gilles Hofstetter
Citizen:
Benken SG, Switzerland
Residential
address: Lenzburg, Switzerland
joint
signature of two
Registered
since: 22.01.2015
Member with signing authority David Müller
Citizen:
Buochs, Switzerland
Residential
address: Ebikon, Switzerland
joint
signature of two
Registered
since: 31.01.2013
Title Name
Auditor STR
Wirtschaftsprüfung AG
Residential
address: Freienbach, Switzerland
Id:
CH-130.3.016.045-2
Registered
since: 04.03.2011
Title Name
Chief Executive Officer Beat Berger
No. of owner/-s: 1
Owner: The
company is privately owned.
Class: 100%
Name: Beat
Berger
City/Country: Rosenbergstrasse 33, 6300 Zug, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: ChemSwiss
Ibérica S.L.
City/Country: Barcelona, Spain/ES
Interest: 100,00%
voting right, 100,00% capital interest (since 2007)
Class: 100%
Name: ChemSwiss
México SA de CV
City/Country: Miguel Hidalgo, Mexico/MX
Interest: 100,00%
voting right, 100,00% capital interest (since 01.01.2012)
Class: 100%
Name: ChemSwiss
USA, LLC
City/Country: Southfield/Michigan, United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest (since 18.02.2014)
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
16.09.2014 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 Statements: The company does not disclose any financial statements. Third
parties are not permitted any insight into the financial affairs. It is
therefore difficult to make a proper assessment of the actual situation.
Financial Situation: The financial situation is difficult to assess.
Payment experiences: Unknown
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.93 |
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UK Pound |
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.