MIRA
INFORM REPORT
|
Report Date : |
12th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
DOTTIKON EXCLUSIVE SYNTHESIS AG |
|
|
|
|
Registered Office : |
Postfach 5605 Dottikon/AG Switzerland |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
1913 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Engaged
on hazardous chemical reactions and focuses on the
exclusive synthesis of fine chemicals for the pharmaceutical and chemical
industry worldwide. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR
1.250.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
detail assessment:
|
payments: |
|
|
|
The settlement of liabilities is prompt.
The business is considered correct. |
|
|
|
individual credit
limit*: |
EUR 1.250.000.-- |
Company Name
DOTTIKON EXCLUSIVE SYNTHESIS AG
Legal domicile
Hembrunnstrasse 17 5605 Dottikon/AG
Business address
Postfach
5605 Dottikon/AG
Switzerland
Telephone: 056 6168111
Fax: 056 6168120
Homepage: www.dottikon.com
CREDIT ADVICE
Requested credit: Maximum credit
Credit opinion: A maximum credit amount of EUR 1.250.000
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
First Publication :
04-06-1981
Last Publication : 19-12-2006
Created by : By
take over of the previous company.
Year founded : 1913
History
The EMS-DOTTIKON business unit was spun off from EMS in 2005 and will be
floated on the stock exchange under the umbrella of the holding company DOTTIKON
ES HOLDING AG, Dottikon.
Share capital : 102.000
Paid up : 102.000
History :
14-08-2001 102.000 Capital
decrease
20-01-1998 600.000 Capital
decrease
6.000.000 Previous capital Shareholders:
Direct Parent
com.: DOTTIKON ES HOLDING AG, 5605
Dottikon/AG, Switzerland/CH
with a share of 100%.
Company Management: Dr. Markus Blocher
Registered name 23-03-2005 DOTTIKON EXCLUSIVE
SYNTHESIS AG
Previous
Ems-Dottikon AG
Registered translations of the Company name:
English DOTTIKON
EXCLUSIVE SYNTHESIS LTD
French DOTTIKON
EXCLUSIVE SYNTHESIS SA
ACTIVITY
Line of business : Exclusive
synthesis of fine chemicals
Sector :
Manufacture
Activity
The requested company specializes on hazardous chemical reactions and
focuses on the exclusive synthesis of fine chemicals for the pharmaceutical and
chemical industry worldwide. The product range includes active pharmaceutical
ingredients (APIs) and pharmaceutical intermediates as well as
in-house-developed, high value industrial chemicals.
Locations
Location of branches:
America, Japan.
The branches in question are offices based in Montvale, NJ, USA and in
Tokyo, in Japan.
Trading area
Worldwide
Import/Export
The company is active in Import and Export.
Significance
It is one of the leading companies in its business sector.
EMPLOYEES
Number of employees: 400
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES
Legal actions: No legal
actions, distraints or loss certificates registered.
Report from 03-12-2002, in 5605 Dottikon.
A current check of the legal actions requires a document of
justification with a legitimate signature.
The settlement of liabilities is prompt. The business is considered
correct.
FINANCIAL DATA:
Financial position : The financial
situation is considered solid.
Key figures (in CHF) :
Consolidated key figures (in CHF 1.000):
31.03.2006
31.03.2005
12 Months 12 Months
Sales 133'625.0
133'635.0
Operating Profit/Loss 18'015.0 12'782.0
Cost of employees 42'812.0
42'569.0
Depreciation 11'515.0
11'026.0
Profit/Loss 13'633.0
10'758.0
Cash-Flow 33'840.0
20'837.0
Investments 8'105.0
8'698.0
Shareholder funds 257'545.0
243'792.0
Balance sheet total 323'731.0 316'118.0
Inssured value of 476'377.0
447'933.0
assets
Key figures of DOTTIKON ES for the first
half-year of fiscal 2006/07 (at 30 September, in CHF million):
30.09.06 30.09.05
-------- --------
Net sales 61.3
58.9
EBIT
7.5 6.4
Net income 6.3
5.2
Banker(-s)
UBS Ltd, 5610 Wohlen
UBS Ltd, 8000 Zuerich
Auditors
KPMG Fides Peat, Zuerich
Real estate property: Real estate is
owned.
The Group owns numerous properties. The
acquistion cost and the book value of the land and buildings amount to (at
31.03., in CHF):
Acquisition value Book value
----------------- ----------
2005/06
122.329.000.--
72.675.000.--
2004/05 121.861.000.-- 74.293.000.--
Fiscal taxation: No information is available due to the local tax authority
regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS
Direct Parent com.: DOTTIKON ES HOLDING
AG, 5605 Dottikon/AG, Switzerland/CH with a share of 100%.
The registered shares of the DOTTIKON ES
HOLDING AG haven been traded at the SWX Swiss Exchange since 31 March, 2005.
Significant shareholders as at 31 March,
2006:
- Dr. Markus Blocher 58.9%
- Miriam Blocher 5.1%
- Dr. Peter Grogg, via Ingro Finanz AG, Bubendorf 5.0%
The Group comprises the two business
segments Fine Chemicals and Recycling & Waste Treatment.
In addition, DOTTIKON ES HOLDING AG has
investments in the following companies:
- DOTTIKON ES MANAGEMENT AG, Dottikon (100.0%)
- SYSTAG, System Technik AG, Rueschlikon (33.9%)
BOARD OF DIRECTORS
Heinz Boller,
from Gossau ZH, in
Riehen/BS/Switzerland,
President, collective signature.
Dr. Peter Grogg, from Thunstetten, in
Bubendorf/BL/Switzerland,
Vice President, collective signature.
Dr. Robert Hofer, from Rothrist, in
Dornach/SO/Switzerland,
Member, collective signature.
MANAGEMENT
Dr. Markus
Blocher, from Meilen, Zuerich,
Schattenhalb, in
Wilen bei
Wollerau/SZ/Switzerland,
Director, collective signature.
Bruno Eugster, from Oberegg, in
Meisterschwanden/AG/Switzerland,
Asst. Director, collective signature.
Dr. Max Bachmann, from Schoenenberg, in
Seengen/AG/Switzerland,
Vice Director, collective signature.
Benno Beck, from Rohrbachgraben, in
Schoeftland/AG/Switzerland,
Vice Director, collective signature.
Rolf Blickenstorfer, from Winterthur, in
Wuerenlos/AG/Switzerland,
Vice Director, collective signature.
Marlene
Born-Mueller, from Niederbipp, Obermumpf,
in
Wuerenlingen/AG/Switzerland,
Vice Director, collective signature.
Dr. Knut Hildebrandt, from Germany, in
Dottikon/AG/Switzerland,
Vice Director, collective signature.
PERSONNEL INFORMATION
Heinz Boller is married to Dora Boller and
lives at the address
Sandreuterweg 8 in 4125 Riehen.
The top-level members of the management enjoy
a good reputation in business affairs.
FURTHER MANDATES
Heinz Boller:
- DOTTIKON ES HOLDING AG, Dottikon
- DOTTIKON ES MANAGEMENT AG, Dottikon
- SV Group, Duebendorf
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry
similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|