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MIRA INFORM REPORT
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Report No. : |
483614 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
VIPA LAUSANNE S.A. |
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Registered Office : |
Galeries Benjamin-Constant 1, 1003 Lausanne/VD /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1960 |
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Com. Reg. No.: |
550.0.086.652-1 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The Subject is a merchandiser of recovered paper, prime paper, stock lots and other recyclable raw materials and recycling services. The company is also the center for all administrative and finance responsibilities and overall control over trading operations. |
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No. of Employees : |
40 |
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 2011-16.
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 and address
VIPA LAUSANNE S.A.
Operating
address:
Galeries Benjamin-Constant 1 Mailing
Address:
1003 Lausanne/VD P.O.
Box 7700
Switzerland/CH 1002
Lausanne/VD
Switzerland/CH
Telephone: +41
213434466
Fax: +41
213434469
Mobile: +41
792102291
Web site: http://www.vipa.ch
E-mail: info@vipa.ch
WIN Worldbox No.: CH0001965236
VAT-No.: CHE-106.733.372
TVA
UID-No.: CHE106733372
Profile
Established: 1960
History: 1990: Limited company
1960: Established from Michel Ehrlich
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4676 Wholesale of other intermediate products
Import/Export: Export
Quality certification: ISO
9001
Banks: CS
Credit Suisse
BCV
Banque Cantonale Vaudoise
UBS Ltd
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 40
Activity
The company is a merchandiser of
recovered paper, prime paper, stock lots and other recyclable raw materials and
recycling services. The company is also the center for all administrative and
finance responsibilities and overall control over trading operations.
Vipa’s network covers Europe, USA,
Asia and the Middle East, offering a wide range of products and services. The
group are one of the leading trading and collection recycling companies in the
world. With a current total annual capacity beyond 1'000'000 tons per year. The
group also owns its own collecting, sorting and baling facilities under the
Retripa company. The Vipa group is also heavily committed at the source of the
recycling process with packing plants in Switzerland under the brand name of
Retripa.
Partners for Prime Paper: Century
Pulp & Paper, JK Paper Ltd., Enduring Value, Trident Group, Khanna,
Pudumjee, Balkrishna Paper Mills Ltd., Rainbow Papers Limited.
Operations and Branches:
At the address, Galeries
Benjamin-Constant 1, 1003 Lausanne, Switzerland, we find office of the company.
Real Estate
Information on property ownership was not
available.
Company Register
Company No: 550.0.086.652-1
UID-No.: CHE106733372
Legal form: Company
limited by shares
Registration: 28.12.1990
Legal status: active
Responsible Register: Registre
du commerce du canton de Vaud
History: Date
of Statutes: 27.12.1990
Date
of Statutes: 07.12.1995
Entry Deleted Name
active Vipa
Lausanne S.A.
Entry Deleted Legal domicile
active Lausanne,
Switzerland
Entry Deleted Address
active Galeries
Benjamin-Constant 1, 1003 Lausanne/VD, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100,000, paid up CHF 100,000
Entry Deleted Capital Structure
active 1,000
Registered shares of CHF 100.--
Official Administration
Title Name
Director Ehrlich,
Marc
Citizen:
Lausanne, Switzerland
Residential
address: Pully, Switzerland
single
signature
Director Ehrlich,
Rachel
Citizen:
Lausanne, Switzerland
Residential
address: Pully, Switzerland
single
signature
External Positions
Title Name
Auditor KPMG
SA,
Residential
address: Lausanne, Switzerland
Executive board
Title Name
Chief Executive Officer Ehrlich, Marc (marc.ehrlich@vipa.ch)
Ultimate Parent Company
Name: MASAL
SA
City/Country: Lausanne/VD,
Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Vipa
holding S.A.
City/Country: Lausanne/VD,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Investments
It is believed that the company has
no investments.
Financials
Balance sheet publication:
The subject company does not publish
balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
15.12.2015 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 1 6,122.-- Opposition filed
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 1 5,064.-- Opposition filed
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 2 42,455.-- Opposition filed
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
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 difficult to assess.
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 64.93 |
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1 |
INR 86.06 |
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Euro |
1 |
INR 76.39 |
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CHF |
1 |
INR 65.46 |
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 : |
KET |
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
·
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.