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MIRA INFORM REPORT
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Report No. : |
489129 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
CAMAG CHEMIE-ERZEUGNISSE UND ADSORPTIONSTECHNIK AG |
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Registered Office : |
Sonnenmattstrasse 11,
4132 Muttenz/BL, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
17.12.1958 |
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Com. Reg. No.: |
280.3.914.030-5 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company engages in
the manufacture and distribution of instruments and products as well as software
for all steps of instrumental Thin-Layer Chromatography. The company
additionally manufactures systems for the automated extraction of Dried Blood
Spot (DBS) cards and aluminium oxide, distributing in more than 70 countries.
Customers are industries, organizations and universities. |
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No. of Employees : |
45 |
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 : |
Slow but correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 2011-17.
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.
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Source
: CIA |
Company
name
CAMAG CHEMIE-ERZEUGNISSE UND ADSORPTIONSTECHNIK AG
"CAMAG"
Operating address
Sonnenmattstrasse 11
4132 Muttenz/BL
Switzerland/CH
Telephone: +41 614673434
Fax: +41 614610702
Web site: http://www.camag.ch
E-mail: sales@camag.com
WIN No.: CH0000252528
VAT-No.: CHE-101.537.177 MWST
UID-No.: CHE101537177
Profile
Established: 1958
Line of Business: Measurement and control technology
Industry Division: Manufacturing
Industry-code (NACE): 2651 Manufacture
of instruments and appliances for measuring, testing and navigation
Import/Export: Export
Quality certification: ISO 9001 (since 1995)
Banks: UBS Ltd
Organisation level: Ultimate Parent
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 45
Sales: CHF 20-40 Mio
Activity
The company engages in the
manufacture and distribution of
instruments and products as well as software for all steps of
instrumental Thin-Layer Chromatography. The company additionally manufactures
systems for the automated extraction of Dried Blood Spot (DBS) cards and
aluminium oxide, distributing in more than 70 countries. Customers are
industries, organizations and universities.
Operations and Branches:
At the address,
Sonnenmattstrasse 11, 4132 Muttenz, Switzerland, we find office of the company.
Real Estate
Real Estate: The company owns buildings.
Company Register
Company No: 280.3.914.030-5
UID-No.: CHE101537177
Legal form: Company Limited by Shares
Registration: 17.12.1958
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date of Statutes: 22.10.1990
Date of Statutes: 21.08.1997
Entry Deleted Name
active Camag
Chemie-Erzeugnisse und Adsorptionstechnik AG
Entry Deleted Legal
domicile
active Muttenz, Switzerland
Entry Deleted Address
active Sonnenmattstrasse 11, 4132 Muttenz,
Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 450,000, paid
up CHF 450,000
Entry Deleted Capital
Structure
active 450 Registered shares (preferred
shares) of CHF 100.--
active 4,050 Bearer shares of CHF 100.--
Official Administration
Title Name
President Natsias, Dr. Konstantinos
Citizen: Greece
Residential address: Berlin , Germany
joint signature of two
Registered since: 13.09.2010
Director Morlock, Dr. Gertrud (Gerda)
Citizen: Germany
Residential address: Stuttgart , Germany
joint signature of two
Registered since: 17.10.2007
Director Reichenbach, Hans
Citizen: Basel, Switzerland
Residential address: 4142 Münchenstein/BL, Switzerland
joint signature of two
Director Schmutz, Dr. Hans-Rudolf
Citizen: Eptingen, Switzerland
Residential address: Augst, Switzerland
joint signature of two
Registered since: 15.09.2008
Director Simonius, Philipp
Citizen: Basel, Switzerland
Residential address: Basel, Switzerland
joint signature of two
Registered since: 22.09.2014
Management
Title Name
General Manager Wyss, Dr. Markus Urs
Citizen: Fulenbach, Switzerland
Residential address: Bubendorf, Switzerland
joint signature of two
Registered since: 18.04.2013
Member of the management Rahm, Walter
Citizen: Dielsdorf, Switzerland
Residential address: 4107 Ettingen/BL, Switzerland
joint signature of two
Registered since: 17.10.2007
Member of the management Reich, Dr. Eike
Citizen: Germany
Residential address: 4310 Rheinfelden/AG, Switzerland
joint signature of two
Registered since: 17.10.2007
Member of the management Waltersdorf, Volker
Citizen: Germany
Residential address: 4143 Dornach/SO, Switzerland
joint signature of two
Registered since: 02.05.2011
Member with procuration Hug, Marcel
Citizen: Basel, Switzerland
Residential address: 4132 Muttenz/BL, Switzerland
joint power of attorney of two, with a Director or member
of management
Registered since: 01.04.2008
Member with procuration Richerdt, Nicolas
Citizen: France
Residential address: Michelbach-le-Bas, France
joint power of attorney of two
Registered since: 29.07.2016
External Positions
Title Name
Auditor Balconsult AG,
Residential address: Basel, Switzerland
Id: CHE-109.576.867
Registered since: 29.06.2002
Executive board
Title Name
Chief Executive Officer Reichenbach, Hans
Ultimate Parent Company
Name: Camag Stiftung
City/Country: Muttenz/BL, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: Chromatechnik Holding AG
City/Country: Basel/BS, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest
Investments
Class: 100%, directly held
Name: CAMAG Chemie-Erzeugnisse
und Adsorptionstechnik AG & Co Gesellschaft mit beschränkter Haftung
City/Country: Berlin, Germany/DE
Interest: 100,00% voting right, 100,00%
capital interest
Class: 100%, directly held
Name: Camag Scientific Inc
City/Country: Wilmington/North Carolina, United States of
America/US
Interest: 100,00% voting right, 100,00%
capital interest
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
30.05.2012 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
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 considered to
be in order.
Payment experiences: Slow but correct.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.03 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.73 |
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CHF |
1 |
INR 68.93 |
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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PRI |
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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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.