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MIRA INFORM REPORT
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Report No. : |
501326 |
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Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
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Name : |
CODEFINE S.A. |
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Registered Office : |
Avenue Du Léman 15-21, 1005 Lausanne/VD,
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
08.06.1959 |
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Com. Reg. No.: |
550.0.072.173-6 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company engages in
the design, manufacture and distribution of packaging and textiles for the
agricultural industry. By covering 50 countries around the globe, the company
operates 11 offices and generates state-of-the-art innovations through
research and development. In addition, the company provides numerous online
tools to keep track in real time of orders, inventory and shipments. |
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No. of Employees : |
23 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 gain access to the Union’s Single Market and enhance the
country’s international competitiveness. Some trade protectionism remains,
however, 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 economic instability in Russia and other eastern European
economies drove 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 through 2017.
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.
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Source
: CIA |
Company name
CODEFINE S.A.
Operating address
Avenue du Léman 15-21
1005 Lausanne/VD
Switzerland/CH
Mailing Address
P.O. Box 476
1000 Lausanne/VD
Switzerland/CH
Telephone: +41 213458211
Fax: +41 213458210
Web site: http://www.codefine.ch
E-mail: marketing@codefine.ch
WIN No.: CH0000252908
VAT-No.: CHE-107.031.835 TVA
UID-No.: CHE107031835
Profile
Established: 1959
Line of Business: Textiles/flooring, Plastics, Consumer
goods wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 1399 Manufacture
of other textiles n.e.c.
2222 Manufacture of plastic packing goods
4641 Wholesale of textiles
4649 Wholesale of other household goods
Import/Export: Export
Banks: UBS AG; BC no.
0243-00253535
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 23
Sales: CHF 10-20 Mio
Activity
The company engages in the
design, manufacture and distribution of packaging and textiles for the
agricultural industry. By covering 50 countries around the globe, the company
operates 11 offices and generates state-of-the-art innovations through research
and development. In addition, the company provides numerous online tools to
keep track in real time of orders, inventory and shipments.
Products:
Packaging: Bigbags,
Easyliquid, Container Liners, Small Bags, Slings, Box Bags and Technical
fabrics.
Textiles & Carpets:
Yarns and Fabrics in: 100% cotton, artificial fibres, synthetic fibres and
mixed fibres, jutes.
Operations and Branches:
At the address, avenue du Léman
15-21, 76189, 1005 Lausanne, Switzerland, we find office of the company.
Additional Offices:
Codefine France
45, Rue Aristide Briand
Code Port 5912
92300 Levallois - Perret
Codefine UK
32, Kirkhill Ave
Moorland Heights
BB4 6UB Haslingden
Codefine Germany
Mohnstrasse 15
48432 Rheine
Elpack
Santiago Chile
Transpac Hungary
Fekete Tag
PF 4 / P.O. Box 4
8481 Somlovasarhely
Transpac Asia
150, 6rg Main, Industrial
Suburb
Yeshwanthupur
560058 Bangalore
Transpac Istanbul
Transpac San ve Tic A.S.
Beysan Sanayi Sitesi
Dereboyu Caddesi No 2. Kat 3.
34520 Haramidere-Beylikdüzü
Instanbul
Transpac USA
1515 E Woodfield Road
Suit 340
60173 Schaumburg
Real Estate
Real Estate: It is understood that the company owns
certain property.
Company Register
Company No: 550.0.072.173-6
UID-No.: CHE107031835
Legal form: Company Limited by Shares
Registration: 08.06.1959
Legal status: active
Responsible Register: Registre du commerce du canton de Vaud
History: Date of Statutes: 24.06.1996
Date of Incorporation Statutes: 05.06.1959
Date of Statutes: 05.12.2008
Entry Deleted Name
active CODEFINE S.A.
Entry Deleted Legal
domicile
active Lausanne, Switzerland
Entry Deleted Address
active Avenue
du Léman 21, 1005 Lausanne, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 540,000, paid
up CHF 540,000
Entry Deleted Capital
Structure
active 36 Registered shares of CHF
15,000.--
Official Administration
Title Name
President Schinasi, Paul
Citizen: Lausanne, Switzerland
Residential address: Lutry, Switzerland
single signature
President Schinasi, Piero
Citizen: Italy
Residential address: Epalinges, Switzerland
single signature
Management
Title Name
Director Schinasi, Paul
Citizen: Lausanne, Switzerland
Residential address: Lutry, Switzerland
single signature
Director Schinasi, Piero
Citizen: Italy
Residential address: Epalinges, Switzerland
single signature
External Positions
Title Name
Auditor Fiduciaire
Favre Révision SA,
Residential address: Lausanne, Switzerland
Id: CH-550-1052902-1
Registered since: 28.04.2011
Direct owner/-s
No. of owner/-s: 2
Owner: The company is privately owned.
Class: unknown, directly held
Name: Paul Schinasi
City/Country: Lutry, Switzerland/CH
Class: unknown, directly held
Name: Piero Schinasi
City/Country: Epalinges, Switzerland/CH
Under Swiss Company Law,
Limited companies (AG, SA, LTD.) are not required to file information on
Shareholders of a company.
In this specific case we
were able to find out the shareholders of the company, but it was not possible
to obtain the possession percentage.
Investments
Class: 50-100%, directly held
Name: TRANSPAC ASIA PRIVATE LIMITED
City/Country: BANGALORE/Karnataka, India/IN
No. of shares: 622,843
Interest: 99,90% voting right, 99,90% capital
interest
Financials
Balance sheet
publication:
The subject company does
not publish financial figures
Legal Actions
Control date Year No. Amount CHF Status
13.03.2018 2018 0 Legal actions
31.12.2017 2017 0 Legal actions
31.12.2016 2016 0 Legal actions
31.12.2015 2015 0 Legal actions
31.12.2014 2014 0 Legal actions
31.12.2013 2013 0 Legal actions
31.12.2012 2012 0 Legal actions
31.12.2011 2011 0 Legal actions
31.12.2010 2010 0 Legal actions
31.12.2009 2009 0 Legal actions
31.12.2008 2008 0 Legal actions
31.12.2007 2007 0 Legal actions
31.12.2006 2006 1 984.-- Opposition
filed
No legal actions
determined.
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
We did not find the company
included on the various international sanctions lists, such as the OFAC (Office
of Foreign Assets Control), the BIS (Bureau of Industry and Security), the
European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
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 in order.
Payment experiences: No Complaints.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.98 |
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1 |
INR 90.95 |
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Euro |
1 |
INR 79.51 |
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CHF |
1 |
INR 67.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.