MIRA
INFORM REPORT
|
Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
SSM SCHÄRER SCHWEITER METTLER AG |
|
|
|
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Registered Office : |
Neugasse 10
8810 Horgen |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1854 |
|
|
|
|
Com. Reg. No.: |
020.3.923.278-0
/ 161234 |
|
|
|
|
Legal Form : |
Company
limited by shares |
|
|
|
|
Line of Business : |
Manufacture
of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees : |
150-249 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
CHF 1'000'000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
SSM Schärer
Schweiter Mettler AG
"SSM AG"
Operating address:
Neugasse 10
8810 Horgen
Switzerland/CH
Telephone: 044
7183311
Fax: 044
7183451
Web site: http://www.ssm.ch
E-mail: info@ssm.ch
VAT-No.: CHE106416658
Profile
Established: 1854
History: 1912: Limited company
Line of Business: Financial services, Machinery
Industry Division: Services, Manufacturing
Industry-code (NACE): 6420 Activities of
holding companies
2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Export sales: 98.0%
Banks: CS
Credit Suisse
Operational
Figures
Coverage: Group
Employees: 150-249
Sales: CHF
80-100 Mio
Activity
The business activities
incldues development, production, sales and distribution of textile, beaming
and winding machinery. Brands: DIGICONE, SSM.
Real
Estate
Information on
property ownership was not available.
Company
Register
Company No: 020.3.923.278-0
/ 161234
Legal form: Company
limited by shares
Registration: 08.02.1989
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
Auditor: Deloitte
AG, Zürich
History: Date
of Statutes: 19.01.1989
Date
of Statutes: 29.09.2003
Date
of Statutes: 20.12.1995
Entry Deleted Name
09.12.2003 SSM
Schärer Schweiter Mettler AG
09.12.2003 SSM
Schärer Schweiter Mettler SA (Name translated)
09.12.2003 SSM
Schärer Schweiter Mettler Ltd (Name translated)
09.12.2003 Schärer Schweiter Mettler AG
09.12.2003 Schärer Schweiter Mettler SA (Name translated)
09.12.2003 Schärer Schweiter Mettler Ltd (Name
translated)
Entry Deleted Legal domicile
active Horgen,
Switzerland
Entry Deleted Address
09.12.2003 Neugasse
10, 8810 Horgen/ZH, Switzerland/CH
09.12.2003 Neugasse 12, 8810 Horgen/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 6'000'000, paidup CHF 6'000'000
Entry Deleted Capital Structure
active 6'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
18.01.1996 Entwicklung,
Herstellung, Verkauf und Service von sowie Handel mit Maschinen, insbesondere
Textilmaschinen, sowie Erbringen von Dienstleistungen in diesem Zusammenhang;
kann sich an Unternehmen beteiligen sowie Grundstücke erwerben, halten und
veräussern.
18.01.1996 Entwicklung, Herstellung, Verkauf und Service
sowie Handel mit Maschinen, insbesondere Textilmaschinen; kann sich an
Unternehmen aller Art beteiligen sowie Grundstücke erwerben, verwerten und
veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
18.01.1996 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
18.01.1996 Reports:
Mitteilungen an die Aktionäre erfolgen im Publikationsorgan oder durch eingeschriebenen
Brief an die im Aktienbuch eingetragene Adresse.
09.12.2003 Particular facts: Beabsichtigt von der
Maschinenfabrik Schärer AG, Erlenbach, den Geschäftsbereich Spulmaschinen mit
Passiven und Aktiven gemäss noch zu erstellender Bilanz zum Höchstpreis von CHF
13'000'000.-- zu übernehmen, beabsichtigt ferner von der Maschinenfabrik
Schweiter AG, Horgen, den Geschäftsbereich Spulmaschinen mit Passiven und
Aktiven gemäss noch zu erstellender Bilanz zum Höchstpreis von CHF
20'000'000.-- zu übernehmen.
Official
Administration
Title Name
President Beat
M. Siegrist, Origin: Vordemwald, Switzerland, Address: Herrliberg/ZH,
Switzerland, joint signature of two, Registered since: 21.06.1996
Executive Director Dr. Heinz O. Baumgartner, Origin: Zürich, Meilen,
Switzerland, Address: Oberwil-Lieli/AG, Switzerland, joint signature of two,
Registered since: 21.06.1996
Management
Title Name
General Manager Ernst
(Ernesto) Maurer, Origin: Zürich, Switzerland, Address: Elgg/ZH, Switzerland,
joint signature of two, Registered since: 23.04.2010
Member of the management Martin Philipp Klöti, Origin: Zürich, Switzerland, Address:
Affoltern am Albis/ZH, Switzerland, joint signature of two, Registered since:
25.10.2004
Member of the management Davide Maccabruni, Origin: Basel, Switzerland, Address: 8800
Thalwil/ZH, Switzerland, joint signature of two, Registered since: 09.11.2009
Member of the management Urs Peter Gull, Origin: Zürich, Switzerland, Address:
Würenlos/AG, Switzerland, joint signature of two, Registered since: 25.10.2004
Member of the management Martin Toti, Origin: Cadro, Switzerland, Address: 8800
Thalwil/ZH, Switzerland, joint signature of two, Registered since: 21.02.2006
Member of the management Christian Widmer, Origin: Hasle bei Burgdorf, Switzerland,
Address: 8820 Wädenswil/ZH, Switzerland, joint signature of two, Registered
since: 27.01.2009
Member with signing authority Sonja Kälin-Walker, Origin: Gurtnellen,
Switzerland, Address: 8840 Einsiedeln/SZ, Switzerland, joint signature of two, Registered
since: 10.11.2008
Member with signing authority Anton Elsener, Origin: Neuheim,
Switzerland, Address: Baar/ZG, Switzerland, joint signature of two, Registered
since: 29.08.2000
Executive
board
Title Name
Chief Executive Officer Ernst (Ernesto) Maurer (ernesto.maurer@ssm.ch)
Chief Financial Officer Martin Philipp Klöti
Verkaufs
Innendienst Leiter Martin Toti
(martin.toti@ssm.ch )
Chief Development Officer Davide Maccabruni (davide.maccabruni@ssm.ch)
Chief Logistics Officer Christian Widmer (christian.widmer@ssm.ch )
Financial
Data SSM Group
Consolidation: consolidated
(Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 85'900.0 38'600.0 81'700.0 106'900.0 104'800.0
Operating result 12'900.0 -7'300.0 100.0 11'000.0 10'300.0
Result before minority interests 9'900.0 -8'100.0 -400.0
Capital 6'000.0 6'000.0 6'000.0 6'000.0 6'000.0
Total shareholders equity 20'000.0 10'700.0
Total assets 59'100.0 37'200.0 33'800.0 55'800.0 52'600.0
Depreciation 400.0 400.0 400.0 400.0 400.0
Cash flow 10'300.0 -7'700.0 0.0
Investments in tangible fixed assets 800.0 400.0 600.0 500.0 400.0
Sales per Employee 366.0 201.0 405.0 454.0 470.0
Employees at
year end 235 192 202 235 223
Employees inland 146 145 138
Employees abroad 56 90 85
Financial
Data Schweiter Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed assets 62'820.0 73'147.0 5'653.0 7'014.0 6'022.0
Land and buildings 126'636.0 131'771.0 15'725.0 29'933.0 30'911.0
Other tangible fixed assets 91'741.0 111'653.0 2'031.0 10'260.0 11'126.0
Tangible fixed assets 218'377.0 243'424.0 17'756.0 40'193.0 42'037.0
Financial fixed assets 5'286.0 3'039.0 136.0 5'516.0 5'794.0
other fixed assets 32'188.0 21'539.0 102.0 2'943.0 3'863.0
Fixed assets 318'671.0 341'149.0 23'647.0 55'666.0 57'716.0
Stocks 115'446.0 96'837.0 22'101.0 66'146.0 84'182.0
Trade accounts receivable 133'508.0 102'774.0 33'724.0 113'567.0 95'147.0
Liquid assets 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
other trade accounts 32'709.0 12'420.0 7'007.0 12'086.0 20'413.0
Accruals 2'645.0 1'697.0 933.0 1'578.0 2'353.0
Other current assets 310'517.0 315'701.0 604'086.0 148'213.0 101'130.0
Current assets 559'471.0 515'312.0 659'911.0 327'926.0 280'459.0
Total assets 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Capital 1'444.0 1'444.0 1'444.0 1'444.0 1'444.0
Other shareholders funds 637'659.0 621'978.0 651'189.0 238'718.0 201'492.0
Total shareholders equity 639'103.0 623'422.0 652'633.0 240'162.0 202'936.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt (financial debts) 4'469.0 5'048.0 43.0 523.0 494.0
Provisions 13'799.0 16'146.0 1'501.0 2'993.0 3'513.0
Other non current liabilities 77'505.0 74'779.0 460.0 25'366.0 25'849.0
Non current liabilities 95'773.0 95'973.0 2'004.0 28'882.0 29'856.0
short term debt (financial debts) 3'616.0 13'420.0 44.0 13'958.0 9'110.0
Trade accounts payable 70'901.0 47'035.0 6'448.0 35'642.0 34'274.0
Provisions 6'656.0 8'301.0 5'429.0 8'584.0 9'218.0
Accruals 48'427.0 44'464.0 8'955.0 26'534.0 29'753.0
other accounts payable 13'666.0 23'846.0 8'045.0 29'830.0 23'028.0
other current liabilities 68'749.0 76'611.0 22'429.0 64'948.0 61'999.0
Current liabilities 143'266.0 137'066.0 28'921.0 114'548.0 105'383.0
Shareh. equity, min. interests + liabilities 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Profit and loss account
Sales 932'059.0 132'553.0 158'062.0 217'586.0 460'986.0
Reduction of proceeds 0.0 9'817.0 10'252.0 12'139.0 26'555.0
Net sales 932'059.0 122'736.0 147'810.0 205'447.0 434'431.0
Other operating revenue 12'257.0 685.0 461.0 292.0 -1'346.0
Operating revenue 944'316.0 123'421.0 148'271.0 205'739.0 433'085.0
Cost of goods sold 468'036.0 68'368.0 79'441.0 117'269.0 236'925.0
Gross profit 476'280.0 55'053.0 68'830.0 88'470.0 196'160.0
Other operating expenses 408'908.0 75'440.0 71'704.0 37'183.0 158'838.0
Operating result 67'372.0 -20'387.0 -2'874.0 51'287.0 37'322.0
Interest revenues 1'265.0 3'420.0 2'729.0 955.0 1'121.0
other financial revenues 292.0 2'456.0 2'877.0 1'354.0 4'977.0
Financial income 1'557.0 5'876.0 5'606.0 2'309.0 6'098.0
Interest expenses 1'451.0 161.0 258.0 285.0 657.0
other financial expenses 11'412.0 6'369.0 13'171.0 1'798.0 5'492.0
Financial expenses 12'863.0 6'530.0 13'429.0 2'083.0 6'149.0
Financial result -11'306.0 -654.0 -7'823.0 226.0 -51.0
Result before extraordinary items 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Result before taxes 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Taxes 5'094.0 -605.0 1'195.0 1'812.0 3'857.0
Result before minority interests 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the financial year 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
Cash flow
Depreciation 32'566.0 4'168.0 3'758.0 4'866.0 5'410.0
Cash flow 83'538.0 -16'268.0 -8'134.0 54'567.0 38'824.0
Cash flow from operating activities 22'255.0 10'194.0 23'958.0 56'296.0 25'314.0
Investments in tangible fixed assets 22'328.0 2'445.0 3'903.0 3'506.0 5'382.0
Cash flow from investing activities -12'608.0 -250'097.0 502'900.0 7'016.0 -275.0
Cash flow from financing activities -22'466.0 -48'715.0 -52'026.0 -6'953.0 2'181.0
Others -13'602.0 -5'944.0 -13'235.0 -174.0 -188.0
Change in liquidity -26'421.0 -294'562.0 461'597.0 56'185.0 27'032.0
Liquidity at beginning of the year 301'584.0 596'146.0 134'549.0 78'364.0 51'332.0
Liquidity at end ot the year 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
Notes
Material costs 472'132.0 64'092.0 79'441.0 117'269.0 236'925.0
Cost of employees 205'252.0 45'828.0 44'519.0 48'979.0 100'637.0
Research and Development 14'537.0 13'906.0 13'492.0 14'529.0 27'867.0
Orders received 960'878.0 175'169.0 134'733.0 217'896.0 476'970.0
Added value 295'335.0 29'116.0 37'838.0 105'643.0 143'975.0
Working Capital 178'053.0 152'576.0 49'377.0 144'071.0 145'055.0
Sales per Employee 248.9 244.5 289.8 378.4 445.6
Market capitalisation 1'082'754.0 783'914.0 541'377.0 512'143.0 526'940.0
Gross cost land and buildings 169'881.0 167'735.0 25'282.0 42'798.0 45'833.0
Gross cost other tangible fixed assets 248'112.0 262'521.0 18'948.0 46'104.0 48'975.0
Gross cost total 417'993.0 430'256.0 44'230.0 88'902.0 94'808.0
Insurance value total 250'369.0 289'066.0 37'867.0 105'210.0 121'297.0
Employees at
year end 3'745 502 510 543 975
Employees
average 754 535 545 994
Employees inland 158
Employees abroad 817
Ultimate
Parent Company
Name: Schweiter
Technologies AG
City/Country: Horgen,
Switzerland/CH
Owner/-s
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Schweiter
Technologies AG
City/Country: Horgen,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1989)
Sisters
Name: Hacoba
Spultechik GmbH
City/Country: Wuppertal,
Germany/DE
Name: Ismeca
Semiconductor Holding SA
City/Country: La
Chaux-de-Fonds, Switzerland/CH
Name: SSM
Vertriebs AG
City/Country: Cham,
Switzerland/CH
Name: 3A
Composites Holding AG
City/Country: Cham,
Switzerland/CH
Investments
Class: 100%
Name: SSM
(Zhongshan) Ltd
City/Country: Zhongshan,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Remarks
Debt collection
case:
JUN 2009: CHF
175.00, bezahlt.
Legal
Actions
Control date Year No. Amount CHF Status
28.12.2010 2010 0
28.12.2010 2009 0
28.12.2010 2008 0
28.12.2010 2007 0
28.12.2010 2006 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 Situation: The financial situation is considered to be good.
Payment experiences: Payments are made with arranged conditions.
Maximum Credit: CHF
1'000'000.--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.67 |
|
|
1 |
Rs.82.53 |
|
Euro |
1 |
Rs.69.13 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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.