MIRA
INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
LUWA AIR ENGINEERING AG |
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Registered Office : |
Weiherallee 11 a 8610 Uster |
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Country : |
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Year of Establishment : |
1935 |
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Com. Reg. No.: |
020.3.028.340-1 / 777650 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Manufacture and construction of systems for Air Conditioning and Controls, Heat recovery systems, Filtration and Waste Handling and Air cleaning systems. |
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 : |
CHF 200'000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name & address
Luwa Air
Engineering AG
Operating address:
Weiherallee 11 a
8610 Uster
Switzerland/CH
Telephone: 044
9431100
Fax: 044
9431101
Web
site: http://www.luwa.com
E-mail: info@luwa.com
Profile
Established: 1935
History: 1935: Established from Hans C. Bechtler + Walter
A. Bechtler
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2825 Manufacture of non-domestic cooling and ventilation
equipment
Import/Export: Export
Export
sales: 65.0%
Quality
certification: ISO 9001
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 100
Sales: CHF 20-40 Mio
Activity
The business activities includes the manufacture and construction of systems for Air Conditioning & Controls, Heat recovery systems, Filtration & Waste Handling and Air cleaning systems.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 020.3.028.340-1 /
777650
Legal
form: Company limited
by shares
Registration: 20.12.2004
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Auditor: BDO AG, Zürich
History: Date of Statutes:
18.07.2007
Date of
Statutes: 12.06.2006
Date of
Statutes: 01.12.2005
Date of
Incorporation Statutes: 10.12.2004
Entry Deleted Name
31.07.2007 Luwa
Air Engineering AG
31.07.2007 Luwa
Air Engineering SA (Name translated)
31.07.2007 Luwa
Air Engineering Ltd (Name translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering AG
09.12.2005 31.07.2007 Luwa Textile Air Engineering Ltd (Name
translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering SA (Name
translated)
20.12.2004 09.12.2005 Hesta Verwaltungs AG
Entry Deleted Legal domicile
20.12.2004
Entry Deleted Address
22.10.2009 Weiherallee
11 a, 8610 Uster/ZH, Switzerland/CH
20.12.2004 22.10.2009 Wilstrasse 11, 8610 Uster/ZH, Switzerland/CH
Entry Deleted Capital
16.06.2006 Share
Capital CHF 950'000, paidup CHF 950'000
20.12.2004 16.06.2006 Share Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
16.06.2006 950'000
Registered shares of CHF 1.--
20.12.2004 16.06.2006 100'000 Registered shares of CHF 1.--
Entry Deleted Activity (original Language)
09.12.2005 Der
Zweck der Gesellschaft ist die Konzeption, Installation und der Unterhalt von
lüftungs-, klimatechnischen und anderen Anlagen in der Textilindustrie und in
angrenzenden Industrien, zum Beispiel Nonwoven, sowie die Entwicklung,
Herstellung und der Vertrieb von Maschinen und Apparaten für solche Anlagen.
Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten und sich an anderen Unternehmungen verwandter Art im In- und
Ausland beteiligen, solche gründen, übernehmen und mit ihnen fusionieren. Die
Gesellschaft kann Grundstücke erwerben, halten und veräussern.
20.12.2004 09.12.2005 Der Zweck der Gesellschaft ist das Halten von
Beteiligungen an Gesellschaften in der Schweiz und im Ausland sowie die Erbringung
von Dienstleistungen an Konzerngesellschaften im Bereich Verkaufs- und
Serviceadministration, Rechnungswesen, elektronische Datenverarbeitung,
Logistik und Personalwesen. Die Gesellschaft kann alle kommerziellen,
finanziellen und anderen Tätigkeiten ausüben, welche mit dem Zweck der
Gesellschaft im Zusammenhang stehen. Die Gesellschaft kann Zweigniederlassungen
und Tochtergesellschaften im In- und Ausland errichten und sich an anderen
Unternehmen irgendwelcher Art im In- und Ausland beteiligen, solche gründen,
übernehmen und mit ihnen fusionieren. Die Gesellschaft kann Grundstücke
erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
16.06.2006 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
12.06.2006 einen Teil der Aktiven und Passiven der Zellweger Luwa AG in Uster,
nämlich Teile des Geschäftsbereichs Textillufttechnik gemäss Vertrag vom
08.06.2006 und Übernahmebilanz per 01.01.2006, wonach die übernommenen Aktiven
CHF 12'825'837.81 und die übernommenen Passiven CHF 11'959'225.80 betragen,
wofür 850'000 Namenaktien zu CHF 1.-- ausgegeben werden. Von der Übernahme
ausgeschlossen sind die im Vertrag aufgeführten Aktiven (Marken und Patente,
Beteiligung Luwa India Private Ltd.) und Passiven (Rückstellung
"Idleb").
20.12.2004 Publishing
authority: SHAB.
20.12.2004 Reports:
Mitteilungen an die Aktionäre erfolgen durch Briefe.
Entry Deleted Branches
10.03.2006 13.01.2010 Luzernerstrasse 15, 5630 Muri/AG,
Switzerland/CH
Official Administration
Title Name
President Raimund
König, Origin:
Vice-President Benno Vonarburg,
Origin: Langnau bei Reiden,
Executive
Director Thomas
Trauttmansdorff, Origin:
Management
Title Name
Member
with signing authority Roman Fäh,
Origin:
Member
with signing authority Peter
Fallegger, Origin:
Member
with signing authority Gottfried
Abrell, Origin:
Member
with signing authority Riet Schlegel,
Origin:
Member
with signing authority Martin Weber,
Origin:
Member
with signing authority Markus
Schraner, Origin: Zürich,
Executive board
Title Name
Chief
Executive Officer Gottfried
Abrell
Chief
Financial Officer Riet
Schlegel
Chief
Operating Officer Roman
Fäh
Ultimate Parent Company
Name: Hesta AG
City/Country:
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Hesta Services AG
City/Country:
Interest: 100.00% voting right,
100.00% capital interest
Sisters
Name: Otto Wild AG
City/Country: Muri AG, Switzerland/CH
Investments
Class: 100%
Name: Luwa Air Engineering (
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 2003)
Class: 100%
Name: Luwa Engineering (Pte)
Ltd.
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 1972)
Class: 100%
Name: Luwa India Pvt. Ltd.
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 1993)
Legal Actions
Control date Year No. Amount CHF Status
18.08.2009 2009 0
18.08.2009 2008 0
18.08.2009 2007 0
18.08.2009 2006 0
18.08.2009 2005 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Credit Information
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 200'000.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.45 |
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|
1 |
Rs.71.59 |
|
Euro |
1 |
Rs.63.01 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.