MIRA INFORM
REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
FRITZ STUDER AG |
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Registered Office : |
Postfach 177, Thun, 3602 |
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Country : |
Switzerland |
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Year of Establishment : |
1912 |
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Com. Reg. No.: |
136408 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture and distribution of precision cylindrical grinding machines. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Switzerland |
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
Fritz Studer AG
Postfach 177
Thun, 3602
Switzerland
Tel: 41 (33) 439 11 11
Fax: 41 (33) 439 11 12
Web: www.studer.com
Synthesis
Employees: 721
Company Type: Public Subsidiary
Corporate Family: 62
Companies
Ultimate Parent: Körber
AG
Incorporation Date: 1912
Auditor: Ernst & Young AG
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2008
Reporting Currency: Swiss
Franc
Annual Sales: 240.0
Total Assets: NA
Business Description
Manufacture and distribution of precision cylindrical grinding machines.
The company's clients include toolmakers, motro vehicle suppliers and job shops
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 333512 - Machine
Tool (Metal Cutting Types) Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3541 - Machine
Tools, Metal Cutting Types
Key Executives
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Name |
Title |
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Fred W Gaegauf |
Chief Executive Officer |
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Daniel Martin |
Administration (Vizedirektor), Finanzen |
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Antonio Bottazzo |
Verkauf |
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Andy Minnig |
Informatik |
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Gerd König |
Produktion (Leiter Supply Chain Management) |
News
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Title |
Date |
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Pyramid
invests in equipment. |
14-Mar-2011 |
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Luzerner
Kantonalbank nominates board chair |
4-Jan-2011 |
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'Fritz
Studer extends IP network deal with T-Systems' |
1-Dec-2010 |
Registered
No.(CHE):
136408
1 -
Profit & Loss Item Exchange Rate: USD 1 = CHF 1.083109
2 - Balance Sheet Item Exchange Rate: USD
1 = CHF 1.06435
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Auditor: |
Ernst & Young AG |
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Bank: |
UBS Bern, Kantonalbank von Bern |
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Auditor: |
Ernst & Young AG |
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 62 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Hamburg |
Germany |
Miscellaneous Capital Goods |
2,220.8 |
9,500 |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
425.6 |
2,270 |
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Subsidiary |
Thun |
Switzerland |
Miscellaneous Capital Goods |
240.0 |
721 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Capital Goods |
73.9 |
300 |
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Subsidiary |
Calderara Di Reno, Bologna |
Italy |
Miscellaneous Capital Goods |
74.7 |
210 |
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Subsidiary |
Nürtingen, Baden-Württemberg |
Germany |
Miscellaneous Capital Goods |
|
90 |
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Subsidiary |
Shanghai |
China |
Engineering Consultants |
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Subsidiary |
Neuwied |
Germany |
Miscellaneous Capital Goods |
119.9 |
742 |
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Subsidiary |
Eisenberg (Pfalz), Rheinland-Pfalz |
Germany |
Construction and Agriculture Machinery |
|
180 |
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Subsidiary |
Löhne, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
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46 |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Neuwied |
Germany |
Miscellaneous Capital Goods |
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Branch |
Alsdorf |
Germany |
Business Services |
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Subsidiary |
Shah Alam |
Malaysia |
Miscellaneous Capital Goods |
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Subsidiary |
Allschwil, Basle Country |
Switzerland |
Business Services |
|
180 |
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Subsidiary |
Grevesmühlen, Mecklenburg-Vorpommern |
Germany |
Electronic Instruments and Controls |
30.5 |
130 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Commercial Banks |
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15 |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
865.0 |
3,600 |
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Subsidiary |
Grevesmühlen, Mecklenburg-Vorpommern |
Germany |
Miscellaneous Fabricated Products |
79.4 |
600 |
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Subsidiary |
Schwarzenbek |
Germany |
Miscellaneous Capital Goods |
169.6 |
250 |
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Subsidiary |
Schwarzenbek, Schleswig-Holstein |
Germany |
Miscellaneous Capital Goods |
61.6 |
200 |
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Subsidiary |
Chilly Mazarin |
France |
Miscellaneous Capital Goods |
65.3 |
158 |
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Subsidiary |
Richmond, VA |
United States |
Miscellaneous Fabricated Products |
33.6 |
110 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
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20 |
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Subsidiary |
London |
United Kingdom |
Business Services |
0.5 |
2 |
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Subsidiary |
Hong Kong |
Hong Kong |
Miscellaneous Capital Goods |
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Subsidiary |
Itaim Bibi |
Brazil |
Miscellaneous Capital Goods |
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Subsidiary |
Plan-les-Ouates |
Switzerland |
Miscellaneous Fabricated Products |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Fabricated Products |
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Subsidiary |
Pécs |
Hungary |
Miscellaneous Fabricated Products |
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Branch |
Bangalore |
India |
Miscellaneous Capital Goods |
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Subsidiary |
Tokyo |
Japan |
Miscellaneous Fabricated Products |
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Subsidiary |
Shah Alam |
Malaysia |
Miscellaneous Capital Goods |
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Subsidiary |
St. Petersburg |
Russian Federation |
Miscellaneous Capital Goods |
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Subsidiary |
Chilly-Mazarin Cedex |
France |
Tobacco |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Business Services |
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2,230 |
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Subsidiary |
Etziken, Solothurn |
Switzerland |
Miscellaneous Capital Goods |
41.7 |
175 |
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Subsidiary |
Fehraltorf, Zurich |
Switzerland |
Miscellaneous Capital Goods |
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175 |
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Subsidiary |
Steffisburg, Berne |
Switzerland |
Business Services |
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175 |
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Subsidiary |
Tübingen, Baden-Württemberg |
Germany |
Miscellaneous Capital Goods |
103.9 |
143 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Capital Goods |
18.5 |
91 |
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Subsidiary |
Kurim |
Czech Republic |
Miscellaneous Capital Goods |
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Subsidiary |
Sorocaba |
Brazil |
Miscellaneous Capital Goods |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Stuttgart |
Germany |
Miscellaneous Capital Goods |
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Subsidiary |
Anjo City |
Japan |
Miscellaneous Capital Goods |
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Subsidiary |
Lucca, LU |
Italy |
Miscellaneous Capital Goods |
139.5 |
577 |
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Subsidiary |
Lucca, Lucca |
Italy |
Miscellaneous Capital Goods |
4.6 |
14 |
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Subsidiary |
Joinville |
Brazil |
Paper and Paper Products |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Commercial Banks |
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Subsidiary |
Chilly Mazarin |
France |
Construction and Agriculture Machinery |
2.6 |
14 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Investment Services |
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10 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Capital Goods |
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1 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Capital Goods |
31.7 |
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Subsidiary |
Leipzig, Sachsen |
Germany |
Commercial Banks |
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1 |
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Subsidiary |
Hamburg |
Germany |
Business Services |
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Subsidiary |
Schloß Holte-Stukenbrock, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
56.4 |
230 |
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Subsidiary |
Rastatt |
Germany |
Biotechnology and Drugs |
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210 |
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Subsidiary |
Grabs, St. Gall |
Switzerland |
Medical Equipment and Supplies |
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75 |
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Subsidiary |
Ejpovice |
Czech Republic |
Business Services |
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Subsidiary |
Hamburg |
Germany |
Business Services |
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Executives Report
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Pyramid invests in
equipment.
Plastics News: 14
March 2011
[What follows is the
full text of the news story.]
Injection mold
designer and builder Pyramid Mold & Tool of Rancho Cucamonga, Calif.,
invested about $700,000 during 2010 in new equipment, including two computer
numerically controlled machines.
Pyramid began
operating a S33-1000 CNC universal cylindrical grinding machine from Fritz
Studer AG in December, and a Mitsubishi EA12V drop-tank CNC sinker electric
discharge machine in October.
The Studer unit
can do standard and thread grinding from inner or outer dimensions. "Two
employees have been trained extensively on the machine," said Tony May,
director of business development and technical sales. The machine has enhanced
capabilities and will help reduce lead times, he said.
The EDM has a
chiller, System 3R robot and Dynafix fixed-reference system capable of changing
work pieces, pallets and electrode holders for lights-out capabilities. Now the
firm has three robotically automated CNC sinker work cells.
The firm also
upgraded support equipment, to ensure it has "ample utilities" to
expand. "The new equipment is more efficient, delivering increased
performance and output at about the same cost of the older equipment it
replaced," he said.
Pyramid's
31,000-square-foot site employs 37, and conducts after-hour training of six
young apprentices on the nuances of mold building. "We are adamant about
keeping the trade active and educating our youth from within," May said.
The firm doubled
design engineering space to 400 square feet. It has four dedicated
workstations, and its most recent expansion uses Dell Precision T7500
workstations, May said.
Pyramid exhibited
at the UBM Canon shows, Feb. 8-10 in Anaheim.
Luzerner
Kantonalbank nominates board chair
EquityBites: 04
January 2011
[What follows is the
full text of the news story.]
4 January 2011 -
Swiss cantonal lender Luzerner Kantonalbank (SWF:LUKN) today named current vice
president Mark Bachmann as its board chairman designate.
The election will
be put to the vote at a general meeting on 25 May 2011.
Bachmann will
succeed outgoing chairman Fritz Studer who has been with the bank since 1983
and served the top executive role in 1994-2003.
Bachmann has been
part of Luzerner Kantonalbank's management since 2005 assuming his current
responsibility last year.
((Comments on this
story may be sent to info@m2.com))
'Fritz Studer extends IP network deal with
T-Systems'
DMeurope: 01 December 2010
[What follows is the full text of the news story.]
Schleifring
subsidiary and Switzerland-based grinding machines manufacturer Fritz Studer
and T-Systems have extended their collaboration for three more years. T-Systems
operates Schleifring's worldwide networking, which involves 2,100 employees in
19 locations. The target of Schleifring GmbH is to speed up internal and
cross-border communication. T-Systems links international sites to a VPN by
means of MPLS. Multimedia, speech, IP supported workflows and e-mails will run
in parallel on an IP platform in the future. The MPLS network is set up to
relieve the company head office of unnecessary data traffic. The 19 sites
communicate directly with each other. No financial details were disclosed.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
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UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.