MIRA
INFORM REPORT
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Report Date : |
21.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BUSS
CHEMTECH AG |
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Formerly Known as : |
BUSS CPS CHEMICAL PROCESS SYSTEMS AG |
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Registered Office : |
Hohenrainstrasse 10 4133
Pratteln/BL |
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Country : |
Switzerland |
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Date of Incorporation : |
16.12.1997 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Provide Reaction Technology, Fluorine, Aluminium etc |
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
250.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Buss ChemTech
AG
Legal domicile
Hohenrainstrasse
10
4133
Pratteln/BL
Switzerland
Telephone: 061 8256668
Fax: 061 8256737
Homepage: www.buss-ct.com
E-Mail: info@buss-ct.com
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overall
assessment: |
300 |
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Business connections are
permissible. |
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detail
assessment: |
payments: |
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No complaints |
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individual
credit limit*: |
EUR 250.000,-- |
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: 16-12-1997
First
Publication: 22-12-1997
Last
Publication: 20-07-2006
Created
by: The company was
newly established.
History:
From
18.12.2001 until April 2006 the company was part of the Russian
Yukos Group. A
management buyout took place in April 2006.
Share
capital: 4.000.000
Paid up: 4.000.000
Divided
into: 4.000 Registered shares of 1.000
History: 31-03-2003 4.000.000 Capital increase
100.000
Capital by incorporation
Shareholders
Company
Management: Marcel Widmer
Registered
name 07-04-2006 Buss ChemTech AG
24-12-2001 Davy
Process Technology (Switzerland) AG
05-05-1999
Kvaerner Process Technology (Switzerland) AG
03-06-1998 Kvaerner Buss CPS AG
Previous Buss CPS Chemical Process Systems AG
ACTIVITY
Line of
business: Reaction technology
Sector: Manufacture
Activity:
The company is
a well established technology provider with a long
history in the
field of gas-liquid reaction technology. Buss ChemTech AG
specialises in
Fluorine, Aluminium and Reaction Technology.
The company
has been certified ISO 9001.
Trading
area: Worldwide
Import/Export: The company is active in Export, but
not in Import.
Export: 80% of total turnover
EMPLOYEES
Number of
employees: 55
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: Information only
available against proof of interest.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial
position: The financial affairs are
considered to be in order.
Financial Statements:
The company does not disclose detailed financial statements.
Key figures
(in CHF 1.000):
31.12.2007 31.12.2006
31.12.2003 31.12.2002
Sales 29'000.0 23'000.0 40'000.0
50'000.0
Banker(-s)
UBS Ltd, 4000 Basel
Credit Suisse (CS), 4000 Basel
Auditors
unico thun ag,
Thun
Premises
The premises
at the above mentioned address are rented.
Fiscal
taxation: No information is
available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
The shares are
held by the members of the Board of Directors and the
management.
BOARD OF
DIRECTORS:
Urs Santschi, from Thun,
Sigriswil, in
Pfeffingen/BL/Switzerland,
President, collective
signature.
Marcel Widmer, from
Zuerich, Gurzelen, in
Magden/AG/Switzerland,
Managing Director,
collective signature.
Rene Nussbaum, from
Wattenwil, in
Wichtrach/BE/Switzerland,
Member, collective
signature.
MANAGEMENT:
Norbert Drefs, from
Germany, in Buggingen/Germany,
Authorised signatory,
collective signature.
Cornelia Lademann, from
Germany, in Wehr/Germany,
Authorised signatory,
collective signature.
PERSONNEL INFORMATION
Marcel Widmer
was born on 19 March 1950. He lives at Weizackerweg 37 in
Magden. He is
a graduate in chemistry and business administration (dipl.
Chem. Ing. ETH
und lic. oec. HSG).
Urs Santschi
is married to a nee Urrunaga and lives at Keltenweg 17 in
4148
Pfeffingen.
There are no
detrimental reports on the responsible persons' business
conduct.
FURTHER MANDATES
Marcel Widmer:
- BCT Holding
AG, Pratteln
Urs Santschi:
- Rochis GmbH,
Pfeffingen
- Santschi
& Partner Treuhand AG, Reinach
- Santschi
Immobilien AG, Thun
- BCT Holding
AG, Pratteln
- Herberger
Revisionsgesellschaft AG, Seltisberg
etc.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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%)