MIRA
INFORM REPORT
|
Report Date : |
18.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
Bossard AG |
|
|
|
|
Registered Office : |
Postfach 1257, 6301 Zug/ZG |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10-04-1973 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Involved in
the manufacture of fastening technology, screws and adjusting nuts, fitting technology, assembly
automation, construction of assembly
plants and systems and modular transfer technology. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 1.250.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Detail
assessment: |
payments: |
|
|
|
The business conduct is correct and
current liabilities are paid promptly. |
|
|
|
Individual
credit limit*: |
EUR 1.250.000,-- |
Name
Bossard AG
Line of Business
Verbindungstechnik
Legal domicile
Steinhauserstrasse 70
6300 Zug/ZG
Business address
Postfach 1257
6301 Zug/ZG
Switzerland
Telephone: 041
7496611
Fax: 041
7496622
Homepage: www.bossard.com
E-Mail: bossard@bossard.com
CREDIT ADVICE
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: 10-04-1973
Last Publication: 20-06-2007
Created by: By take over of the previous company.
Previous company: Carl Bossard, Inhaber W. Bossard
6300 Zug/ZG
Legal form:
Sole trader
History:
The independent Bossard group of companies
has been in existence since 1831 and is up to this day molded by members of the
founding Bossard family, now represented by the seventh generation.
Share capital: 12.000.000
Paid up: 12.000.000
Divided into: 120.000 Special registered shares of 100
Shareholders: The shares are in Swiss ownership
Direct Parent com.: Bossard Holding AG, 6300 Zug/ZG,
Switzerland/CH with a share of 100%.
Company Management: David Dean
Registered translations of the Company
name:
French Bossard SA
English Bossard Ltd
ACTIVITY:
Line of business: Industrial fastening
technology
Sector:
Manufacture
Activity:
The company is involved in the manufacture of fastening technology,
screws and adjusting nuts, fitting technology, assembly automation,
construction of assembly plants and systems and modular transfer technology. In
Zug the company maintains a central store-room with a product range of around
40'000 individual parts.
The customer base predominantly includes
industrial enterprises.
Marks, Production: BOSSARD
Trading area:
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: 101-250
Number of employees of the Bossard Group:
At year end FTE
----------- -----
2006: 1'818 1'695
2005: 1'709 1'607
2004:
1'602 1'441
2003: 1'334 1'277
2002: 1.314 1.254
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions, distraints or loss
certificates registered.
Report from
06-09-2007, in 6301 Zug.
2005
2006 2007
No. Amount No. Amount No.
Amount
Betreibungen None 0 None 0 None 0
Pfaendungen
Verlustscheine
The business conduct is correct and
current liabilities are paid promptly.
FINANCIAL DATA:
Financial position: The financial situation is good.
Key figures (in CHF):
Consolidated key figures (in CHF 1.000):
Bossard-Gruppe
31.12.2006 31.12.2005 31.12.2004
31.12.2003
12 Months 12 Months
12 Months 12 Months
Sales 536'830.0 497'084.0
480'534.0 416'749.0
Operating Profit/Loss 33'081.0
29'029.0 27'170.0 15'879.0
Cost of employees 109'710.0 100'438.0
100'370.0 89'827.0
Depreciation 12'128.0 10'657.0
Profit/Loss 12'205.0 20'851.0
18'222.0 9'502.0
Cash-Flow 24'334.0 31'508.0
28'348.0 20'119.0
Investments 12'799.0 20'385.0
16'847.0 4'506.0
Shareholder funds 172'744.0 169'309.0
147'284.0 138'978.0
Balance sheet total 395'083.0 387'007.0
344'803.0 327'405.0
Inssured value of 160'300.0 159'300.0
assets
The sales figures correspond with the net
sales.
Key figures of the Bossard Group for the first
four months of the 2007
business year (at 30 April, in CHF
million):
30.04.2007 30.04.2006
---------- ----------
Net sales 195,9 186,2
Ordinary EBIT 16,6 12,9
Net income 11,8 8,5
Cash flow 4,1 11,0
Employees 1'823 1'727
Takeover from:
Bossard Technologie AG
6300 Zug/ZG
Type: Take over of assets and
liabilities
Registered on: 15-02-2000
Contract date: 04-02-2000
Balance Sheet per: 31-12-1999
Assets: 1.258.395
Liabilities: 1.220.995
Banker(-s): Credit Suisse (CS), 6300 Zug
UBS Ltd, 6300
Zug
Auditors: PricewaterhouseCoopers AG,
Zuerich
Real estate property: Real estate is
owned.
The group owns valuable real estate in
Acquisition value Book value
----------------- ----------
2006
79.305.000.-- 47.610.000.--
2005
84.256.000.-- 52.527.000.--
COMPANY AND PERSON
RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Bossard Holding AG, 6300 Zug/ZG,
Switzerland/CH with a share of 100%.
The shares of Bossard Holding AG have been
listed on the Swiss Exchange since 1987.
At December 31, 2006, the following
shareholders owned more than 5% of the total share capital of Bossard Holding
AG:
Kolin Holding AG, Zug, and Bossard Unternehmensstiftung
(company trust), Zug, form a group of shareholders. They hold 54.28% (2005:
54.48%) of total voting rights or 24.98% (2005: 25.40%) of the capital entitled
to
dividend. Kolin Holding AG is wholly owned
by the Bossard families.
Sarasin Investmentfonds AG,
The Bossard Group is a global group of
companies. Its focus is on fasteners and fastening technology. In addition to
its broad range of quality products, the group provides full engineering
support for fastener applications and offers logistics services for fasteners
and other C parts. Among the group's customers are many industrial companies
with international operations.
Investments: 30 companies are in the group, of which 5 are
in
Direct Investments:
Bossard Pte Ltd.,
(100.0%).
Trimec AG, Zug/ZG (100.0%).
BOARD OF DIRECTORS:
David Dean, from Volketswil, in Volketswil/ZH/Switzerland,
President, collective signature.
Julius Brun, from Ruswil, in Luzern/LU/Switzerland,
Member, Director, collective signature.
Stephan Zehnder, from Zug, in Baar/ZG/Switzerland,
Member, Director, collective signature.
MANAGEMENT:
Peter Furrer, from Attinghausen, in Cham/ZG/Switzerland,
Director, collective signature.
Beat Grob, from Cham, in
Cham/ZG/Switzerland,
Director, collective signature.
Hans Gehrig, from Ballwil, in
Cham/ZG/Switzerland,
Asst. Director, collective signature.
PERSONNEL INFORMATION:
David Dean was born on 05.04.1959. He is
married to Elsbeth Dean Bosshard and lives at the Weinbergstrasse 27 in 8604
Volketswil. The top-level members of the management enjoy a faultless
reputation in business affairs.
FURTHER MANDATES:
David Dean:
- Bossard Holding AG, Zug
- Trimec AG, Zug
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. |
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 |
|
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%)