MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Mikron SA Agno |
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Registered Office : |
Via alla Chiesa 16, 6982 Agno/TI |
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Country : |
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Date of Incorporation : |
17-06-1957 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Engaged in the manufacture of high performance
machines for precision parts in high volumes as well as
special tools and small high performance
borer. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 100.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Detail
assessment: |
payments: |
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The payment and business transactions are conducted without complaint. |
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Individual
credit limit*: |
EUR 100.000.-- |
Name
Mikron SA Agno
Line of Business
Maschinenbau
Legal domicile
6982 Agno/TI
Business address
Via alla Chiesa 16
6982 Agno/TI
Telephone: 091 6106111
Fax: 091 6106680
Homepage: www.mikron.com
E-Mail: mag.mt@ch.mikron-tg.com
CREDIT ADVICE
Credit opinion : A maximum credit amount EUR 100.000 can be taken into
consideration.
This credit advice is based on information available at the time of
conducting the research, being the above indicated date.
All amounts in this report are given in Swiss Francs (CHF) unless
otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock company
Registration: 17-06-1957
First Publication: 05-07-1957
Last Publication: 04-07-2005
Created by: By take over of the previous company.
Previous company: Albe
Year founded: 1945
Share capital: 13.500.000
Paid up: 13.500.000
Divided into: 13.500 Registered shares of 1.000
Shareholders:
Direct Parent com.: Mikron
Holding AG, 2500
Company Management: Peter Stern
Markus Schnyder
Girodano Gaboardi
Registered translations of the Company name:
English Mikron Ltd
Agno
German Mikron AG Agno
ACTIVITY:
Line of business: Manufacture of machines, machines for precision parts
Sector: Manufacture
Activity:
The company is engaged in the manufacture of high performance machines
for precision parts in high volumes as well as special tools and small high
performance borer. Main customer is the industry.
Within the group the company belongs to the segment Production Equipment,
division Machining Technology.
Mikron Produktion Equipment develops, designs and constructs tailor-made
machines, injection cast tools and assembly robotics for high performance
production.
Trading area:
Import/Export: The company
is active in Import and Export.
EMPLOYEES:
Number of employees: 300
Employee figure of the Mikron Group as per year end:
Total
----- -----------
2006: 998 828
2005: 983 835
2004: 1'698 954
2003: 3'159 850
2002: 3'042 964
2001: 2'770 1'130
2000: 3'435 1'045
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal
actions, distraints or loss certificates registered.
Report from
08-03-2005, in 6900 Lugano.
Report from 15-12-2000, in 6900 Lugano.
1998
1999 2000
No. Amount No. Amount No.
Amount
Betreibungen 1 179 None 0 None 0
Rechtsvorschl. 1 179
Report from 05-03-2001,
in 6900 Lugano.
A current legal action check requires a written proof of interest.
The payment and business tranactions are conducted without complaint.
In case of large-scale financial transactions the company should be able
to provide appropriate securities or proof of capital.
Furthermore should possible account relationships be controlled very
well, especially for medium to long term engagements.
FINANCIAL DATA:
Financial position: The
financial situation and the development remains to be followed.
Key figures (in CHF):
Consolidated key figures (in CHF 1.000):
Mikron Gruppe
31.12.2006 31.12.2005
31.12.2004 31.12.2003
12 Months 12 Months
12 Months 12 Months
Sales 244'700.0 218'400.0
332'011.0 433'185.0
Operating
Profit/Loss 9'000.0 7'600.0
-12309.0 -117618.0
Cost of
employees 99'921.0 99'915.0
126'642.0 161'121.0
Depreciation 8'901.0 9'893.0
18'129.0 41'800.0
Profit/Loss 4'000.0 -24558.0
-16049.0 93'726.0
Cash-Flow -15300.0 12'400.0
-7828.0 25'135.0
Investments
18'903.0
Research/Development 14'300.0 14'700.0
8'304.0 8'794.0
Orders
received 228'700.0 214'900.0
339'800.0 414'000.0
Shareholder
funds 200'000.0 194'800.0
209'268.0 208'992.0
Balance
sheet total 276'300.0 290'700.0
340'263.0 435'541.0
Inssured
value of
544'197.0 591'620.0
assets
The key figures of the financial year 2004 comprise only the result of
the continued activities. The mould construction and plastic component business
was sold in 2004 and December 2005 respectively.
The Mikron Group was put a balance sheet restructuring in the financial
year 2003.
The high decrease in turnover in 2004 and 2005 is due to the sold
plastic component segment.
Banker(-s): UBS Ltd, 6900
Lugano
Credit Suisse
(CS), 6900 Lugano
Auditors: PricewaterhouseCoopers SA, Paradiso
Real estate property: Real estate is owned.
Property: Location: Via alla Chiesa 16, Agno
Object: Business premises
Market
value: 13.000.000
The group owns numerous real estate properties. The consolidated cost
value, the net value and the insurance value of the real estate amount to (in
CHF, as of 31.12.):
Cost value Net value Insurance value
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2006 87.144.000.-- 43.445.000.-- 64.386.000.--
2005 87.111.000.-- 43.781.000.-- 64.435.000.--
2004 168.305.000.-- 92.493.000.-- 139.164.000.--
2003 186.959.000.-- 106.589.000.-- 152.094.000.--
2002 188.152.000.-- 113.027.000.-- 144.998.000.--
2001 201.508.000.-- 128.071.000.-- 145.444.000.--
2000 172.366.000.-- 108.278.000.-- 130.461.000.--
Fiscal taxation: No
information is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Mikron
Holding AG, 2500
The shares of the Mikron Holding AG are quoted on the Swiss stock
exchange SWX.
The following shareholders have a share of 5% or more of Mikron Holding
AG as per 31.12.2004:
- Investor group (70.3%)
- Public shareholders (28.8%)
Member of the mentioned investor group are the Ammann Group Holding AG,
Corporate Investment Management Affentranger Holding AG,
Personalfuersorgestiftung Rieter AG, Tegula AG and Mr. Rudolf Maag (bound
through a shareholder binding contract).
The activities of the Bieler Mikron Group is today focused on the
formulation of customised solutions in the field of handling and installation
systems.
The mould construction business was sold in 2004 and the plastic
component business in December 2005.
Investments: In the group are
approximately 9 companies, of which 5 are in
Associated companies: Mikron Tool SA Agno, Agno/TI, Switzerland/CH
Mikron GmbH Rottweil,
Rottweil, Germany/DE
The associated companies are sister companies.
Furthermore there belong three other companies in the
BOARD OF DIRECTORS:
Dr. Eduard Rikli, from Wangen an der
President, collective signature.
Andreas Moser, from Landiswil, in Gerolfingen/BE/Switzerland,
Vice President, collective signature.
MANAGEMENT:
Giordano Gaboardi, from
Markus Schnyder, from Eglisau, Vorderthal, in Bosco
Luganese/TI/Switzerland,
Director, collective signature.
Peter Stern, from
Rueti b. Kirchenthurnen, in Auvernier/NE/Switzerland,
Director, collective signature.
Franz Wyss,
from Bueron, in Stansstad/NW/Switzerland,
Director, collective signature.
Peter Krattiger, from Oberdorf BL, in Purasca/TI/Switzerland,
Vice Director, collective signature.
Raffaele Olgiati, from Sorengo, in Ponte Capriasca/TI/Switzerland,
Vice Director, collective signature.
Laurent Vuille, from La
Vice Director, collective signature.
Adriano Zamprogna, from
Vice Director, collective signature.
Heiko Benz, from
Authorised signatory, collective signing authority.
Carlo Bottega, from
Authorised signatory, collective signing authority.
Claudio Libotte, from Gandria, in Gentilino/TI/Switzerland,
Authorised signatory, collective signing authority.
Carmine Ruotolo, from Medeglia, in Agno/TI/Switzerland,
Authorised signatory, collective signing authority.
PERSONNEL INFORMATION:
Eduard Rikli is married to Ines, born Wenziker, lives at the address
Hofwiesenstrasse 30 in 8057
He is graduated machinery engineer ETH by profession.
Peter Stern is married to a born Tschanen and lives at ch. Racherelles
in Auvernier. He is a technician HTL by profession.
There are no detrimental reports on the top level management.
FURTHER MANDATES:
Dr. Eduard Rikli:
- Delta JS AG,
Zuerich
- Mikron
Management AG, Biel
- Mikron Holding AG,
- Mikron SA Boudry, Boudry
- Mikron Tool SA Agno, Agno
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)