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MIRA INFORM REPORT
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Report No. : |
501338 |
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Report Date : |
21.04.2018 |
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 : |
-- |
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 Mailling address:
1005 Lausanne/VD Case
postale 476
Switzerland/CH 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, paidup 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.
Payment experiences
Payment experiences are considered to be in order.
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 66.02 |
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1 |
INR 92.72 |
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Euro |
1 |
INR 81.45 |
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CHF |
1 |
INR 67.93 |
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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DIV |
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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
·
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.