MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Buehler AG |
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Registered Office : |
Gupfenstrasse 5, 9240 Uzwil/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
14-11-1962 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and distribution of products and equipment for
applications such as grain processing, food production, automotive
engineering and electronics. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR
2.500.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Business
connections are permissible |
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Detail assessment: |
Payments: |
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Regular
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Individual credit
limit*: |
EUR 2.500.000,-- |
Name
Buehler AG
Line of Business
Maschinenfabrik
und Anlagenbau
Legal domicile
Gupfenstrasse
5
9240 Uzwil/SG
Switzerland
Telephone: 071
9551111
Fax: 071 9553379
Homepage: www.buehlergroup.com
E-Mail: info@buehlergroup.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: 14-11-1962
Last
Publication: 09-11-2007
Created
by: The company was newly established.
History:
The company
has been long-established, and its history dates back to 1860.
Under the term
"Gebr. Buehler" - an unlimited partnership company – the subject had
a very successful start and is today a reknowned company throughout the world.
In 1967, the
company was transformed into a joint stock company, with headquarters in Uzwil.
In the
beginning of the 1990s the company was restructured, which led to numerous
organisational in-house changes.
Share
capital: 30.000.000
Paid up: 30.000.000
Divided
into: 30.000 Registered shares of 1.000
Shareholders:
Direct Parent
com.: Buehler Holding AG, 9240
Uzwil/SG, Switzerland/CH with a share of 100.
Company
Management: Calvin Grieder
Registered
name 12-05-1992 Buehler AG
Previous Interlease AG
Registered
translations of the Company name:
French Buhler SA
ACTIVITY:
Line of
business: Components, systems and
processing installations
Sector: Manufacture/Wholesale
Activity:
The company is
dedicated to the manufacture and distribution of products and equipment for
applications such as grain processing, food production, automotive engineering
and electronics.
The company is
thereby divided into the three divisions Grain Processing, Engineered Products
and Die Casting.
Sales
distributions: 40 further branches worldwide.
The company
operates a dynamic sales organisation in various countries of the world. The
company maintains good business connections to industries and governmental
organisations.
Trading area:
Worldwide
Import/Export:
The company is active in Import and Export.
Export:
Europe, Asia, North America
Import: Europe
EMPLOYEES:
Number of
employees: 1001-2000
Number of
employees of the Buehler Group at year-end (without temporary jobs):
2006: 6'626
2005: 6'266
2004: 6'074
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: No legal actions,
distraints or loss certificates registered.
Report from 06-09-2007, in 9240 Uzwil.
2005 2006 2007
No. Amount No. Amount
No. Amount
Betreibungen None 0 None 0 None 0
Pfaendungen
Verlustscheine
Report from 02-07-2001, in 9240 Uzwil.
1999 2000 2001
No. Amount
No. Amount
No. Amount
Betreibungen 1 128.124 2 1.893.650 None 0
Rechtsvorschl. 2 1.893.650
Fristablauf 1 128.124
A current
legal action check requires a written proof of interest.
There are no
recorded complaints on the business conduct of the company and current
liabilities are settled in an orderly manner.
FINANCIAL DATA:
Financial
position: The financial situation is
considered solid.
Key figures (in CHF 1.000):
31.12.2006
Estimates
Sales 437'500.0
Consolidated
key figures (in CHF 1.000.000):
Buehler Gruppe
31.12.2006 31.12.2005 31.12.2004
12 Months 12 Months 12 Months
Sales 1'612.6 1'502.4 1'455.3
Operating Profit/Loss 96.9 78.3 79.0
Cost of employees 559.1 527.7 515.5
Depreciation 30.2 30.4 30.2
Profit/Loss 115.6 72.1 71.2
Cash-Flow 79.2 66.6 77.7
Investments 60.4 31.2 44.7
Research/Development 64.3 62.5 55.6
Orders received 1'691.4 1'434.6
Shareholder funds 823.4 709.7 625.3
Balance sheet total 1'692.6 1'542.6 1'427.2
Inssured value of 1'027.0 1'016.5 957.5
assets
The company
has important development departments. Extensive investments are employed in
this segment every year.
Takeover
from: Buehler Ges.m.b.H.
A-Salzburg
Type: Take over of assets and liabilities
Registered
on: 28-09-2006
Contract
date: 18-09-2006
Balance Sheet
per: 30-06-2006
Assets: 1.674.787
Liabilities: 1.118.973
Takeover
from: Gebesa AG
9100 Herisau/AR
Type: Take over as a result of merger
Registered
on: 12-06-2001
Contract
date: 28-03-2001
Balance Sheet
per: 01-01-2001
Assets: 1.930.478
Liabilities: 329.000
The amount of
the take over of Buehler Ges.m.b.H. with headquarter in Salzburg are in Euros.
Banker(-s): UBS Ltd, 9000 St. Gallen
Credit Suisse (CS), 9000
St. Gallen
Verschiedene Banken im
Ausland
Auditors: Ernst & Young AG, St. Gallen
Real estate
property: The company owns an extensive number of properties.
The Buehler
Group owns numerous properties. The acqusition value and the book value of the
land and buildings amount to (in CHF, at 31.12.):
Acquisition value Book value
----------------- ----------
2006 380.500.000.-- 24.100.000.--
2005 368.200.000.-- 216.000.000.--
2004 381.400.000.-- 226.300.000.--
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Buehler Holding AG, 9240
Uzwil/SG, Switzerland/CH with a share of 100.
Major
shareholder is Urs Buehler, Uzwil, with 100% of the voting rights.
Buehler is a
global technology group and systems partner for the supply of plant, equipment and
process expertise in Food Processing, Chemical Process Engineering and Die
Casting.
The Group's
core competence is in the foodstuffs sector. For generations the group has
specialised in developing processes for grain handling and oil milling.
Investments: In the group are approximately 40 companies,
of which 7 are in Switzerland and 33 abroad.
Direct
Investments: Buehler PARTEC GmbH, Saarbruecken, Germany/DE.
Various joint
ventures are maintained with other companies. In addition, the group is broadly
represented in the People's Republic of China.
BOARD OF DIRECTORS:
Urs Buehler,
from Uzwil, Hombrechtikon, in Uzwil/SG/Switzerland,
President,
collective signature.
Dr. Benno
Schneider, from Vilters-Wangs, in St. Gallen/SG/Switzerland,
Vice President,
collective signature.
Dr.
Hans-Ulrich Doerig, from Appenzell, in Zumikon/ZH/Switzerland,
Member,
collective signature.
Calvin
Grieder, from Basel, Tenniken, in Stein am Rhein/SH/Switzerland,
Member,
collective signature.
Hans Juerg
Loeliger, from Pratteln, Basel, in Basel/BS/Switzerland,
Member,
collective signature.
Josef Meinrad
Mueller, from Schmerikon, in Beijing/China,
Member,
collective signature.
Peter Quadri,
from Zuerich, Origlio, in Erlenbach/ZH/Switzerland,
Member,
collective signature.
Erwin Schurtenberger,
from Luzern, in Minusio/TI/Switzerland,
Member,
collective signature.
PERSONNEL
INFORMATION:
The
responsible people enjoy a faultless reputation in business affairs.
Urs Buehler
holds an MSEE degree in electronic and electric engineering from the Swiss
Institute of Technology in Zurich.
He comes from
a industrial family.
Urs Buehler
has been a member of the Board of Directors since 1982. He was born 1943 in
Uzwil. According to a economic magazine he is one of the richest Swiss with a
fortune of approximately CHF 400 – 500 millions.
The company
has well qualified persons in all levels of management.
FURTHER
MANDATES:
Urs Buehler:
- Buehler
Holding AG, Uzwil
- tecData AG,
Uzwil
- HORSETEC AG,
Uzwil
- Buehler
Druckguss AG, Uzwil
- UZE AG, Uzwil
etc.
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%)