MIRA
INFORM REPORT
|
Report Date : |
06.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EVG MASCHINEN UND STAHL AG |
|
|
|
|
Registered Office : |
Zollikerstrasse
19 8702 Zollikon/ZH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
25.02.1952 |
|
|
|
|
Legal Form : |
Joint stock
company |
|
|
|
|
Line of Business : |
Real estate management |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
EUR
10.000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
Business
Connections are Permissible |
|
|
Detail Assessment: |
Payments: |
|
|
|
Regular
|
|
|
|
Individual Credit
Limit*: |
EUR 10.000,-- |
Name
EVG Maschinen
und Stahl AG
Line of Business
Immobilienverwaltung
Legal domicile
Zollikerstrasse
19
8702
Zollikon/ZH
Switzerland
Telephone: 044 3918040
Fax: 044 3918256
Homepage: www.evg.com
E-Mail: evg@evg.ch
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: 25-02-1952
Last
Publication: 14-06-2002
Share
capital: 200.000
Paid up: 200.000
Divided
into: 400 Shares of 500
Shareholders:
Direct Parent
com.: EVG,
Raaba, Austria/AT with a share of 100.
Company
Management: Peter Baur
Registered
name 17-01-1994 EVG
Maschinen und Stahl AG
Previous
Maschinen & Stahl AG
ACTIVITY:
Line of
business: Real estate management
Sector: Business services
Activity:
The comany was
involved in the operation of a sales organisation in the field of machinery for
the welded mesh and reinforcing steel industry.
EVG has been
certified ISO 9001.
Based on the
information available to us, the former, aforementioned activity will be
transferred (outsourcing) to Austria by the end of February 2008.
As from then
onwards EVG will be engaged in the management of its own property as well as
general real estate business operations.
EMPLOYEES:
Number of
employees: 5
Because of the
aforementioned transfer of the production to Austria the number of employees
has been ajusted (early retirement, retirement, leave), and only one person
will be employed in Zollikon as from
February 2008.
The group
employs a total 1300 co-workers.
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: No legal actions or
distraints are registered.
Report from 05-09-2001,
in 8702 Zollikon.
A current
check of the legal actions requires a document of justification with a
legitimate signature.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial
position: The financial situation and the development remains to be
followed.
Financial
Statements: The company does not
disclose any financial statements.
Given the
fundamental restructuring as per February 2008 it is difficult for third
parties to make a proper assessment of the financial situation.
Banker(-s): UBS
Ltd, 8000 Zuerich
Auditors: H.-P.
Frey Buchhaltungs & Verwaltungs AG, Baar
Real estate
property: Real estate is owned.
Property: Location: Zollikerstrasse 19, Zollikon
Object: Business premises
The marekt
value and the level of the potential mortgage are not known.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: EVG, Raaba, Austria/AT with a
share of 100.
Majority
shareholder behind the EVG Group is Klaus Ritter.
The same group
of companies is to consists of 5 other firms. Further details thereon were
however not disclosed.
BOARD OF DIRECTORS:
Klaus Ritter,
from Austria, in Graz/Austria,
President,
sole signature.
Peter Baur,
from Sarmenstorf, in
Wildberg/ZH/Switzerland,
Secretary,
General Manager, sole signature.
Werner
Schlaepfer, from Zuerich, in
Zuerich/ZH/Switzerland,
Member,
collective signature.
MANAGEMENT:
Laszlo Szita,
from Zuerich, in
Zuerich/ZH/Switzerland,
Director,
collective signature.
PERSONNEL INFORMATION:
Klaus Ritter
lives in Graz in Austria.
Peter Baur is
married to Esther nee Gartner, born in 1945, and lives at the address
Froeschenwies 8 in 8321 Wildberg. He will retire in Februay 2008.
Werner
Schlaepfer was born on 19.09.1946. He is resident at the
Kalchbuehlstrasse
130 in 8038 Zurich.He has a degree in business administration.
There are no
detrimental reports on the mentioned persons' business conduct.
COMMENTS:
In view of the
circumstances referred to in this report (transfer/outsourcing of production,
new activity) the further evolution remains to be expected.
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%)