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MIRA
INFORM REPORT
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Report No. : |
506986 |
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Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SIGMA-ALDRICH INTERNATIONAL GMBH |
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Registered Office : |
Industriestrasse 25, 9470 Buchs/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
21.12.1999 |
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Com. Reg. No.: |
320.4.047.326-2 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The company is engaged in the trade of chemical and pharmaceutical products, in all branded products (brand) Sigma-Aldrich, as well as their storage in catalog containers and bulk quantities. In addition, special bottlings are offered. |
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No. of Employees : |
35 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 AND ADDRESS
Sigma-Aldrich International
GmbH
Operating address:
Industriestrasse
25
9470 Buchs/SG
Switzerland/CH
Telephone: +41 71
2428000
Fax: +41
71 2428080
Web site: http://www.sigmaaldrich.com
E-mail: stgallen@sial.com
VAT-No.: CHE-116.309.372
MWST
UID-No.: CHE105315977
Profile
Established: 1950
Line of Business: Consumer goods wholesale, Financial services
Industry Division: Wholesale trade, Services
Industry-code (NACE): 4675 Wholesale of
chemical products
6420 Activities of holding companies
Import/Export: Import,
Export
Quality certification: ISO 9001:2008 (since 2012)
Banks: CS
Credit Suisse
UBS
Ltd
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 35
Activity
The company is
engaged in the trade of chemical and pharmaceutical products, in all branded
products (brand) Sigma-Aldrich, as well as their storage in catalog containers
and bulk quantities. In addition, special bottlings are offered.
Operations and
Branches:
At the address,
Industriestrasse 25, 9470 Buchs, Switzerland, we find office of the company.
Real
Estate
Information on
property ownership was not available.
Company
Register
Company No: 320.4.047.326-2
UID-No.: CHE105315977
Legal form: Limited
Liability Company
Registration: 21.12.1999
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date
of Statutes: 23.03.2018
Date
of Statutes: 31.10.2016
Date
of Statutes: 11.02.2013
Date
of Statutes: 04.10.2012
Date
of Statutes: 13.12.2011
Date
of Statutes: 15.09.2010
Date
of Statutes: 16.06.2005
Date
of Statutes: 17.02.2000
Date
of Incorporation Statutes: 17.12.1999
Entry Deleted Name
28.12.2011 Sigma-Aldrich
International GmbH
28.12.2011 Sigma-Aldrich
International LLC (Name translated)
28.12.2011 Sigma-Aldrich
International Sàrl (Name translated)
22.06.2005 28.12.2011 Sigma-Aldrich Chemie GmbH
22.06.2005 28.12.2011 Sigma-Aldrich Chemical LLC (Name translated)
22.06.2005 28.12.2011 Sigma-Aldrich Chimie Sàrl (Name translated)
21.12.1999 22.06.2005 Fluka Chemie GmbH
21.12.1999 22.06.2005 Fluka Chemie LLC (Name translated)
21.12.1999 22.06.2005 Fluka Chemie Sàrl (Name translated)
Entry Deleted Legal domicile
27.03.2018 Buchs
SG, Switzerland
28.12.2011 27.03.2018 St. Gallen, Switzerland
21.12.1999 28.12.2011 Buchs (SG), Switzerland
Entry Deleted Address
27.03.2018 Industriestrasse
25, 9470 Buchs/SG, Switzerland/CH
28.12.2011 27.03.2018 Wassergasse 7, 9000 St. Gallen/SG,
Switzerland/CH
21.12.1999 28.12.2011 Industriestrasse 25, 9470 Buchs/SG,
Switzerland/CH
Entry Deleted Capital
09.11.2016 LLC
Capital CHF 4,980,400
21.02.2013 09.11.2016 LLC Capital CHF 2,259,200
21.12.1999 21.02.2013 LLC Capital CHF 2,000,000
Entry Deleted Capital Structure
21.12.1999 49,804
Participation shares of CHF 100.--
Entry Deleted Branches
28.03.2011 26.01.2012 Wassergasse 7, 9000 St. Gallen/SG,
Switzerland/CH
Management
Title Name
General
Manager Wütschert,
Markus Roland
Citizen: Zürich, Switzerland
Residential
address: Andelfingen, Switzerland
joint
signature of two
Registered
since: 15.06.2016
Chairman of the management Hofner, Dr. Dieter
Citizen:
Dörflingen, Thayngen, Switzerland
Residential
address: 9472 Grabs/SG, Switzerland
joint
signature of two
Registered
since: 08.04.2004
Member with signing authority Tschudin, Dennis
Citizen:
Läufelfingen, Switzerland
Residential
address: Grabs, Switzerland
joint
power of attorney of two
Registered
since: 25.10.2017
Member with procuration Moser, Dr. Rudolf
Citizen:
Neuhausen am Rheinfall, Germany
Residential
address: Schaffhausen, Germany
joint
power of attorney of two
Registered
since: 19.09.2017
External
Positions
Title Name
Auditor KPMG
AG,
Residential
address: St. Gallen, Switzerland
Id:
CH-320.9.034.266-2
Registered
since: 04.02.2010
Executive
board
Title Name
Chief Business Segment Officer Hofner, Dr. Dieter
Ultimate Parent Company
Name: MERCK
Kommanditgesellschaft auf Aktien
City/Country: Darmstadt/Hessen,
Germany/DE
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Sigma-Aldrich
(Switzerland) Holding AG
City/Country: Buchs/SG,
Switzerland/CH
Capital share: CHF
2,259,200.--
Interest: 100,00%
voting right, 100,00% capital interest (since 21.12.1999)
Investments
Class: 100%,
directly held
Name: MERCK
LIFE SCIENCE LIMITED
City/Country: Hong
Kong/HK
No. of shares: 287,430,100
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: SARL
Sigma-Aldrich Holding
City/Country: SAINT-QUENTIN-FALLAVIER,
France/FR
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
B.V
City/Country: Zwijndrecht,
Netherlands/NL
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Chemie GmbH
City/Country: Buchs/SG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 29.11.2011)
Class: 100%,
directly held
Name: Sigma-Aldrich
Denmark A/S
City/Country: Denmark/DK
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Financial Services Limited
City/Country: United
Kingdom/GB
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Finland Oy
City/Country: Finland/FI
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Italia S.r.l.
City/Country: Italy/IT
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Japan KK
City/Country: Japan/JP
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Kft
City/Country: Hungary/HU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Norway AS
City/Country: OSLO,
Norway/NO
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Oceania Pty. Limited
City/Country: CASTLE
HILL, Australia/AU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Production GmbH
City/Country: Buchs/SG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 29.10.2009)
Class: 100%,
directly held
Name: Sigma-Aldrich
Pte. Ltd
City/Country: Singapore/SG
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
(Pty) Ltd
City/Country: Johannesburg/Gauteng,
South Africa/ZA
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Quimica S.L.
City/Country: Spain/ES
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
S.a.r.l.
City/Country: Luxembourg,
Luxembourg/LU
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
(Shanghai) Trading Co. Ltd
City/Country: China/CN
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Sp. z.o.o.
City/Country: Poland/PL
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
spol. s.r.o.
City/Country: Czech/CZ
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Sigma-Aldrich
Sweden AB
City/Country: Sweden/SE
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: Silverberry
Limited
City/Country: Ireland/IE
Interest: 100,00%
voting right, 100,00% capital interest
Class: 50-100%,
directly held
Name: Sigma-Aldrich
Quimica Ltda
City/Country: Chile/CL
Interest: 99,99%
voting right, 99,99% capital interest
Class: 50-100%,
directly held
Name: Sigma-Aldrich
BVBA/SPRL
City/Country: Belgium/BE
Interest: 99,96%
voting right, 99,96% capital interest
Financial Data
MERCK Kommanditgesellschaft auf Aktien
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2017 31.12.2016 31.12.2015 31.12.2014 31.12.2013
Number of months: 12 12 12 12 12
Currency: mil.
EUR mil.
EUR mil. EUR mil. EUR mil. EUR
Balance Sheet
Intangible fixed assets 21,899.0 24,989.0 25,339.0 11,395.5 9,867.2
Land and buildings 2,042.0 2,030.0 1,448.6 1,342.7
Other tangible fixed assets 2,470.0 2,200.0 1,541.8 1,304.5
Tangible fixed assets 4,512.0 4,230.0 4,009.1 2,990.4 2,647.2
Financial fixed assets 444.0 218.0 94.4 77.8
other fixed assets 1,311.0 1,145.0 1,308.9 1,049.4 841.9
Fixed assets 28,166.0 30,582.0 30,657.0 15,529.7 13,434.1
Stocks 2,632.0 2,607.0 2,619.8 1,659.7 1,474.2
Trade accounts receivable 2,923.0 2,889.0 2,738.3 2,235.6 2,021.4
Cash & Cash Equivalents 589.0 939.0 832.2 2,878.5 980.8
Securities 90.0 145.0 2,199.4 2,410.5
other trade accounts 1,122.0 1,018.0 1,436.3 462.7
Accruals 99.0 71.0 70.9 34.9
Other current assets 1,900.0 2,173.0 1,992.1 6,585.1 3,888.9
Current assets 7,455.0 7,669.0 7,350.2 10,480.4 7,384.5
Total assets 35,621.0 38,251.0 38,007.2 26,010.1 20,818.6
Capital 565.0 565.0 565.2 565.2 565.2
Other shareholders funds 13,438.0 13,424.0 12,290.1 11,176.4 10,454.8
Total shareholders equity 14,003.0 13,989.0 12,855.3 11,741.6 11,020.0
Minority interests 63.0 61.0 59.4 49.2
long term debt (financial debts) 8,033.0 8,809.0 9,512.4 3,561.1 3,257.5
Provisions 4,534.0 3,147.0 2,691.4 2,446.2 1,922.0
Other non current liabilities 354.0 3,159.0 3,565.1 1,600.5 671.1
Non current liabilities 12,921.0 15,115.0 15,768.9 7,607.8 5,850.6
short term debt (financial debts) 2,790.0 3,788.0 2,163.4 2,075.9 440.4
Trade accounts payable 2,195.0 2,048.0 1,921.2 1,539.4 1,364.1
Provisions 414.0 412.0 561.7 494.7
Accruals 943.0 237.0 474.3 439.9
other accounts payable 2,292.0 2,601.0 1,950.0 1,159.7
other current liabilities 3,649.0 3,250.0 5,298.4 2,986.0 2,094.3
Current liabilities 8,634.0 9,086.0 9,383.0 6,601.3 3,898.8
Shareh. equity, min. int. & liabilities 35,621.0 38,251.0 38,007.2 26,010.1 20,818.6
Profit and loss account
Sales 15,327.0
Net sales 15,327.0 15,024.0 12,844.7 11,291.5 10,700.1
Other operating revenue 1,227.0 996.0 418.6 209.3 395.0
Operating revenue 16,554.0 16,020.0 13,263.3 11,500.8 11,095.1
Cost of goods sold 5,320.0 5,201.0 3,346.1 3,526.4 2,992.5
Gross profit 11,234.0 10,819.0 9,917.2 7,974.4 8,102.6
Other operating expenses 8,710.0 8,338.0 8,077.6 6,212.4 6,491.8
Operating result 2,524.0 2,481.0 1,839.6 1,762.0 1,610.8
Interest revenues 26.0 20.0 30.6 30.1
other financial revenues 22.0 0.1 0.0
Financial income 48.0 20.0 32.0 30.7 30.1
Interest expenses 296.0 290.0 348.8 222.7 248.0
other financial expenses 52.0 57.0 13.0 4.3
Financial expenses 348.0 347.0 385.1 235.7 252.3
Financial result -300.0 -327.0 -353.1 -205.0 -222.2
Result before extraordinary items 2,224.0 2,154.0 1,486.5 1,557.0 1,388.6
Result before taxes 2,224.0 2,154.0 1,486.5 1,557.0 1,388.6
Taxes -386.0 521.0 368.0 392.2 179.5
Result before minority interests 2,610.0 1,633.0 1,118.5 1,164.8 1,209.1
minority interests 10.0 4.0 3.7 7.5 6.9
Result for the financial year 2,600.0 1,629.0 1,114.8 1,157.3 1,202.2
Cash flow
Depreciation 1,758.0 1,934.0 1,511.8 1,360.9 1,458.4
Cash flow 4,358.0 3,563.0 2,626.6 2,525.7 2,667.5
Cash flow from operating activities 2,696.0 2,518.0 2,195.0 2,705.5 2,225.5
Investments in tangible fixed assets 919.0 716.0 514.0 480.9 407.0
Cash flow from investing activities -1,146.0 -503.0 -11,936.0 -1,641.2 -874.5
Cash flow from financing activities -1,870.0 -1,908.0 7,164.0 760.5 -1,072.7
Others -30.0 530.0 72.9 -27.2
Change in liquidity -350.0 107.0 -2,047.0 1,897.7 251.1
Liquidity at beginning of the year 939.0 832.0 2,879.0 980.8 729.7
Liquidity at end of the year 589.0 939.0 832.0 2,878.5 980.8
Notes
Material costs 1,516.8 2,992.5
Cost of employees 4,356.0 3,634.2 3,164.9 3,126.4
Research and Development 1,976.0 1,706.5 1,703.7 1,504.3
Added value 4,278.0 8,734.0 6,977.6 6,305.5 6,221.4
Working Capital 3,360.0 3,448.0 3,436.9 2,355.9 2,131.5
Net Current Assets -1,179.0 -1,417.0 -2,032.8 3,879.1 3,485.7
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Market capitalisation 34,095.0 28,315.0
Gross cost land and buildings 3,514.0 3,284.0 2,635.0 2,635.4 2,412.5
Gross cost other tangible fixed assets 6,338.0 5,562.0 4,858.0 4,857.7 4,389.3
Gross cost total 9,852.0 8,846.0 7,493.0 7,493.1 6,801.8
Employees at
year end 52,941 50,414 49,613 39,639 38,154
Employees
average 38,930 38,282
Employees inland 25,980 24,438 23,429 20,537 10,868
Employees abroad 26,961 25,976 26,184 19,102 27,286
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
21.06.2013 2013 0 Legal
actions
31.12.2012 2012 1 11,900.-- Closed 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 0 Legal
actions
31.12.2005 2005 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
There are
irregularities on record.
Debt collection
case:
JAN 2014: CHF 31.00,
paid.
Remarks
- The VAT number -
CHE-116.309.372 MWST - is the Group VAT number.
- Based on the
positive financial situation of the ultimate parent company we deem stated
credit as acceptable.
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 very good.
Payment experiences: Regular
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
|
CHF |
1 |
INR 66.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.