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MIRA INFORM REPORT
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Report No. : |
507996 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
CARBOGEN
AMCIS AG |
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Registered Office : |
Hauptstrasse 171, 4416 Bubendorf/BL, Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.03.2017 |
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Date of Incorporation : |
11.02.1982 |
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Com. Reg. No.: |
280.3.916.120-1 |
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Legal Form : |
Company Limited
by Shares |
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Line of Business : |
The
company engages in the manufacture and trade of pharmaceutical active
ingredients and fine chemicals as well as the research, training and trade in
the fields of biotechnology and organic synthesis. The company provides
solutions for the development and supply of drug substances and drug products
to the pharmaceutical and biopharmaceutical industries that enable customers
to bring new generation medicines to market. The office in Bubendorf focuses
on process optimization and supply of late-phase and commercial APIs, in
addition theres locations in Aarau, Hunzenschwil, Vionnaz, Manchester (GB),
Riom (FR) and Shanghai (CN). |
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No. of Employees : |
250 |
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 : |
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
CARBOGEN AMCIS AG
Operating address
Hauptstrasse 171
4416 Bubendorf/BL
Switzerland/CH
Telephone: +41 58 9090000
Fax: +41 58 9090052
Web site: http://www.carbogen-amcis.com
E-mail: info@carbogen-amcis.com
WIN No.: CH0000055881
VAT-No.: CHE-108.025.033 MWST
UID-No.: CHE108025033
Profile
Established: 1982
Line of
Business: Pharmaceutics, Consumer
goods wholesale
Industry
Division: Manufacturing,
Wholesale trade, Services
Industry-code
(NACE): 2110 Manufacture of basic pharmaceutical products
4646 Wholesale
of pharmaceutical goods
7219 Other
research and experimental development on natural sciences and engineering
Import/Export: Export
Export
sales: 92,0%
Banks: Credit Suisse, 4410 Liestal
UBS AG, 4410 Liestal
Operational Figures
Coverage: Company
Figures: estimated
Financial
year: 2017
Employees: 250
Sales: CHF 100-200 Mio
Branches: 3
Activity
The company
engages in the manufacture and trade of pharmaceutical active ingredients and fine
chemicals as well as the research, training and trade in the fields of
biotechnology and organic synthesis. The company provides solutions for the
development and supply of drug substances and drug products to the
pharmaceutical and biopharmaceutical industries that enable customers to bring
new generation medicines to market. The office in Bubendorf focuses on process
optimization and supply of late-phase and commercial APIs, in addition theres
locations in Aarau, Hunzenschwil, Vionnaz, Manchester (GB), Riom (FR) and
Shanghai (CN).
Operations and Branches:
At the
address, Hauptstrasse 171, 4416 Bubendorf, Switzerland, we find office of the
company.
Real Estate
Real
Estate: The company owns buildings.
Company Register
Company No: 280.3.916.120-1
UID-No.: CHE108025033
Legal form: Company Limited by Shares
Registration: 11.02.1982
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Statutes: 07.03.1994
Date of Statutes: 17.08.2007
Date of Statutes: 15.06.2006
Date of Statutes: 28.01.2004
Date of Statutes: 26.11.2002
Entry Deleted Name
20.06.2006 CARBOGEN AMCIS AG
20.06.2006 CARBOGEN AMCIS Ltd. (Name
translated)
20.06.2006 CARBOGEN AMCIS SA (Name
translated)
20.06.2006 Amcis AG
20.06.2006 Amcis Ltd (Name translated)
20.06.2006 Amcis SA (Name translated)
Entry Deleted Legal
domicile
active Bubendorf, Switzerland
Entry Deleted Address
08.08.2006 Hauptstrasse 171, 4416 Bubendorf, Switzerland/CH
08.08.2006 Hauptstrasse 159, 4416 Bubendorf, Switzerland/CH
Entry Deleted Capital
20.06.2006 Share Capital CHF 1,450,000,
paidup CHF 1,450,000
Entry Deleted Capital
Structure
20.06.2006 2,900 Registered shares of
CHF 500.--
Entry Deleted Remarks
12.11.2014 Further Address/-es: Route
du Simplon 24, 1895 Vionnaz.
12.11.2014 Further Address/-es: Neulandweg 5, 5502 Hunzenschwil.
12.11.2014 Further Address/-es:
Schachenallee 29, 5001 Aarau.
20.06.2006 Merger: Merger: Acquisition
of the assets and liabilities of "CarboGen AG" in Aarau (CH-400.3.020.068-6),
according to the merger agreement dated 15.06.2006 and balance sheet as of
January 1, 2006. Assets of CHF 28'228'048 .-- and liabilities (debt capital) of
CHF 24'232'200 .-- are transferred to the transferring company. The
shareholders of the transferring company receive 2,800 shares at CHF 500 .--.
The share capital is increased by CHF 1,400,000 as a result of the merger.
Official Administration
Title Name
President Eich, Christian
Citizen: Basel, Switzerland
Residential address: 4105 Biel-Benken/BS,
Switzerland
joint signature of two
Registered since: 11.02.2011
Chief
Executive Griffiths, Mark
Citizen: United Kingdom
Residential address: Southampton /
Hampshire, United Kingdom
joint signature of two
Registered since: 19.08.2011
Management
Title Name
Chairman of
the management Griffiths, Mark
Citizen: United Kingdom
Residential address: Southampton /
Hampshire, United Kingdom
joint signature of two
Registered since: 19.08.2011
Member of
the management Fischer, Alan
Citizen: Schaffhausen, Switzerland
Residential address: Biberstein, Switzerland
joint signature of two
Registered since: 14.10.2009
Member of
the management Fritschi, Stephan
Citizen: Schaffhausen, Switzerland
Residential address: Obererlinsbach, Switzerland
joint signature of two
Registered since: 06.10.2005
Member of
the management Schneider, Dr. Martin
Citizen: Germany
Residential address: Zürich,
Switzerland
joint signature of two
Registered since: 19.08.2011
Member of
the management Thüer, Dieter
Citizen: Willisau, Basel,
Switzerland
Residential address: Dagmersellen,
Switzerland
joint signature of two
Registered since: 14.10.2009
Member of
the management Villemagne, Pascal
Citizen: France
Residential address: Caluire ,
France
joint signature of two
Registered since: 19.12.2011
Member of
the management Vyas, Janmejay
Rajnikant
Citizen: India
Residential address: Navrangpura /
Ahmedabad, Switzerland
joint signature of two
Registered since: 21.10.2013
Member of
the management Weiss, Mike
Citizen: Germany
Residential address: Bad Säckingen,
Germany
joint signature of two
Registered since: 30.05.2017
Member with
signing authority Müller, Peter
Citizen: Winterthur, Switzerland
Residential address: 4106
Therwil/BL, Switzerland
joint signature of two
Registered since: 02.02.2016
External Positions
Title Name
Auditor Baker Tilly OBT AG,
Residential address: Zürich,
Switzerland
Id: CHE-109.555.641
Registered since: 18.08.2016
Executive board
Title Name
Chief Sales
Officer Cracknell, Steve
(steve.cracknell@carbogen-amcis.com)
Ultimate Parent Company
Name: DISHMAN CARBOGEN AMCIS LIMITED
City/Country: Ahmedabad/Gujarat, India/IN
Direct owner/-s
No. of
owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: CARBOGEN AMCIS HOLDING AG
City/Country: Bubendorf/BL, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest
Investments
It is
believed that the company has no investments.
Financial Data CARBOGEN AMCIS AG
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2017 31.03.2016 31.03.2015
Number of months: 12 12 12
Currency: th.
CHF th. CHF th. CHF
Balance Sheet
Land and buildings 37,902.0 28,107.0 31,454.0
Other tangible fixed assets 17,081.0 21,207.0 16,778.0
Tangible fixed assets 54,983.0 49,314.0 48,232.0
Fixed assets 54,983.0 49,314.0 48,232.0
Stocks 31,071.0 22,398.0 17,963.0
Trade accounts receivable 13,540.0 7,385.0 8,430.0
Cash & Cash Equivalents 425.0 1,572.0
other trade accounts 15,846.0 19,324.0 26,973.0
Accruals 781.0 4,403.0 3,082.0
Other current assets 17,052.0 25,299.0 30,055.0
Current assets 61,663.0 55,082.0 56,448.0
Total assets 116,646.0 104,396.0 104,680.0
Capital 1,450.0 1,450.0 1,450.0
Other shareholders funds 40,412.0 43,664.0 39,443.0
Total shareholders equity 41,862.0 45,114.0 40,893.0
long term debt (financial debts) 7,445.0 615.0 635.0
Provisions 5,504.0 5,170.0 5,244.0
Other non current liabilities 2,545.0
Non current liabilities 15,494.0 5,785.0 5,879.0
short term debt (financial debts) 12,070.0 11,634.0 11,176.0
Trade accounts payable 12,536.0 4,740.0 3,595.0
Provisions 17,028.0
Accruals 9,380.0 11,504.0 20,778.0
other accounts payable 8,276.0 25,619.0 22,359.0
other current liabilities 34,684.0 37,123.0 43,137.0
Current liabilities 59,290.0 53,497.0 57,908.0
Shareh. equity, min. int. & liabilities 116,646.0 104,396.0 104,680.0
Profit and loss account
Sales 134,872.0 111,716.0 111,011.0
Net sales 134,872.0 111,716.0 111,011.0
Other operating revenue 7,853.0 11,806.0 9,264.0
Operating revenue 142,725.0 123,522.0 120,275.0
Cost of goods sold 37,190.0 31,092.0 36,459.0
Gross profit 105,535.0 92,430.0 83,816.0
Other operating expenses 89,583.0 81,015.0 75,745.0
Operating result 15,952.0 11,415.0 8,071.0
other financial revenues 1,082.0 886.0 393.0
Financial income 1,082.0 886.0 393.0
other financial expenses 112.0 734.0 2,237.0
Financial expenses 112.0 734.0 2,237.0
Financial result 970.0 152.0 -1,844.0
Result before extraordinary items 16,922.0 11,567.0 6,227.0
Result before taxes 16,922.0 11,567.0 6,227.0
Taxes 3,351.0 2,345.0 1,186.0
Result before minority interests 13,571.0 9,222.0 5,041.0
Result for the financial year 13,571.0 9,222.0 5,041.0
Cash flow
Depreciation 6,155.0 6,443.0
Cash flow 19,726.0 15,665.0
Cash flow from operating activities 12,987.0
Cash flow from investing activities -6,854.0
Cash flow from financing activities -4,561.0
Change in liquidity 1,572.0
Liquidity at beginning of the year 0.0
Liquidity at end of the year 1,572.0
Notes
Material costs 37,190.0 31,092.0
Cost of employees 60,534.0 52,641.0
Added value 83,611.0 70,651.0 6,227.0
Working Capital 32,075.0 25,043.0 22,798.0
Net Current Assets 2,373.0 1,585.0 -1,460.0
Financial Data DISHMAN CARBOGEN AMCIS
LIMITED
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2017
Number of months: 12
Currency: th.
INR
Balance Sheet
Intangible fixed assets 35,152,400.0
Land and buildings 6,251,500.0
Other tangible fixed assets 7,182,100.0
Tangible fixed assets 13,433,600.0
Financial fixed assets 396,200.0
other fixed assets 3,621,600.0
Fixed assets 52,603,800.0
Stocks 4,265,800.0
Trade accounts receivable 2,855,500.0
Cash & Cash Equivalents 586,100.0
other trade accounts 5,592,200.0
Accruals 30,900.0
Other current assets 6,209,200.0
Current assets 13,330,500.0
Total assets 65,934,300.0
Other shareholders funds 48,139,800.0
Total shareholders equity 48,139,800.0
long term debt (financial debts) 4,601,200.0
Provisions 2,214,000.0
Other non current liabilities 1,042,700.0
Non current liabilities 7,857,900.0
short term debt (financial debts) 4,895,900.0
Trade accounts payable 856,400.0
Provisions 190,000.0
Accruals 2,300.0
other accounts payable 3,992,000.0
other current liabilities 4,184,300.0
Current liabilities 9,936,600.0
Shareh. equity, min. int. & liabilities 65,934,300.0
Profit and loss account
Sales 17,136,900.0
Net sales 17,136,900.0
Other operating revenue 261,300.0
Operating revenue 17,398,200.0
Cost of goods sold 3,293,000.0
Gross profit 14,105,200.0
Other operating expenses 11,445,400.0
Operating result 2,659,800.0
Interest expenses 490,100.0
other financial expenses 8,900.0
Financial expenses 499,000.0
Financial result -499,000.0
Result before extraordinary items 2,160,800.0
Result before taxes 2,160,800.0
Taxes 706,500.0
Result before minority interests 1,454,300.0
Result for the financial year 1,454,300.0
Cash flow
Depreciation 2,135,000.0
Cash flow 3,589,300.0
Cash flow from operating activities 3,026,500.0
Investments in tangible fixed assets 1,479,600.0
Cash flow from investing activities -1,424,100.0
Cash flow from financing activities -1,370,800.0
Others 6,600.0
Change in liquidity 238,200.0
Liquidity at beginning of the year 348,000.0
Liquidity at end of the year 586,200.0
Notes
Cost of employees 5,960,200.0
Added value 10,746,100.0
Working Capital 6,264,900.0
Net Current Assets 3,393,900.0
Gross cost land and buildings 8,863,900.0
Gross cost other tangible fixed assets 15,350,100.0
Gross cost total 24,214,000.0
Legal Actions
Control date Year No. Amount
CHF Status
03.03.2016 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 1 12,860.-- Opposition filed
31.12.2007 2007 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.
Remarks
- Based
also on the positive financial situation of the ultimate parent company, we
deem stated credit as acceptable.
Credit Information
Financial Situation: The
financial situation is good.
Payment experiences: Regular.
Business development: The business trend is considered constant.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.50 |
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CHF |
1 |
INR 67.85 |
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
|
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.