MIRA INFORM REPORT
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Report Date : |
24.01.2011 |
IDENTIFICATION DETAILS
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Name : |
BENNINGER AG |
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Registered Office : |
Fabrikstrasse, 9240 Uzwil |
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Country : |
Switzerland |
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Date of Incorporation : |
02.09.1997 |
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Com. Reg. No.: |
320.3.043.185-3 / 408376 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacturer of Machinery, Electro technology |
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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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
Benninger AG
Operating address
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Fabrikstrasse |
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9240 Uzwil |
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Switzerland/CH |
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Telephone: |
071 9558585 |
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Fax: |
071 9558747 |
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Web site: |
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E-mail: |
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VAT-No.: |
422610 |
Profile
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Established: |
1859 |
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History: |
1859: |
Established from Henrich + Jakob Benninger |
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Line of Business: |
Machinery, Electro technology |
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Industry Division: |
Manufacturing |
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Industry-code (NACE): |
2894 |
Manufacture of machinery for textile, apparel and
leather production |
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2790 |
Manufacture of other electrical equipment |
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Import/Export: |
Export |
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Export sales: |
98.0% |
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Quality certification: |
ISO 9001:2000 |
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Banks: |
UBS Ltd |
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CS Credit Suisse |
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SGKB St. Galler Kantonalbank |
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Bayerische Vereinsbank |
Operational Figures
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Coverage: |
Company |
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Figures: |
estimated |
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Employees: |
230 |
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Sales: |
CHF 94'800'000.-- |
Activity
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The business activities includes the manufacture and
sale of weaving and textile machinery, and industrial electronics. |
Company Register
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Company No: |
320.3.043.185-3 / 408376 |
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Legal form: |
Company limited by shares |
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Registration: |
02.09.1997 |
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Legal status: |
active |
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Responsible Register: |
Handelsregister des Kantons St. Gallen |
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Auditor: |
Ernst & Young AG, St. Gallen |
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History: |
Date of Statutes: 20.06.2006 |
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Date of Incorporation Statutes: 29.08.1997 |
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Entry |
Deleted |
Name |
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10.07.2006 |
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Benninger Ltd (Name translated) |
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10.07.2006 |
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Benninger SA (Name translated) |
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02.09.1997 |
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Benninger AG |
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26.10.2001 |
10.07.2006 |
Benninger S.A. (Name translated) |
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26.10.2001 |
10.07.2006 |
Benninger Co.Ltd. (Name translated) |
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Entry |
Deleted |
Legal domicile |
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02.09.1997 |
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Uzwil, Switzerland |
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Entry |
Deleted |
Address |
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02.09.1997 |
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Fabrikstrasse, 9240 Uzwil/SG, Switzerland/CH |
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Entry |
Deleted |
Capital |
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02.09.1997 |
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Share Capital CHF 3'000'000, paidup CHF 3'000'000 |
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Entry |
Deleted |
Capital Structure |
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02.09.1997 |
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30'000 Registered shares of CHF 100.-- |
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Entry |
Deleted |
Activity (original Language) |
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10.07.2006 |
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Betrieb einer Maschinenfabrik und allgemeiner Maschinenbau, insbesondere
Entwicklung, Fabrikation und Vertrieb von und Handel mit Maschinen zur Herstellung
und Veredelung von Textilien sowie Beratung im Bereich der Textilindustrie.
Die Gesellschaft kann im In- und Ausland Zweigniederlassungen und
Betriebsstätten errichten, sich an andern Unternehmen im In- und Ausland
beteiligen, Vertretungen übernehmen, Finanzierungen für eigene oder fremde
Rechnung vornehmen sowie Sicherheiten, wie namentlich Garantien, Bürgschaften
und Pfandrechte, für verbundene Unternehmen und Dritte einräumen sowie
Grundstücke erwerben, verwalten und veräussern. |
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02.09.1997 |
10.07.2006 |
Betrieb einer Maschinenfabrik, allgemeiner Maschinenbau, insbesondere
Entwicklung, Fabrikation und Vertrieb von und Handel mit Maschinen zur
Herstellung und Veredelung von Textilien; die Gesellschaft kann
Zweigniederlassungen oder Betriebsstätten im In- und Ausland errichten, sich
an anderen Firmen und Institutionen beteiligen, Finanzdienstleistungen
erbringen sowie Grundstücke und Immaterialgüterrechte erwerben, verwalten und
veräussern. |
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Entry |
Deleted |
Remarks (original Language) |
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10.07.2006 |
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Reports: Die Mitteilungen an die Aktionäre erfolgen brieflich, oder nach
Ermessen des Verwaltungsrates durch eingeschriebenen Brief. |
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19.04.2006 |
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Merger: Übernahme der Aktiven und Passiven der Benninger Textile Systems
AG, in Uzwil (CH-320.3.043.141-9) gemäss Fusionsvertrag vom 13.04.2006 und
Bilanz per 31.12.2005. Aktiven von CHF 17'861'618.11 und Fremdkapital von CHF
13'574'804.55 gehen auf die übernehmende Gesellschaft über. Es findet keine
Kapitalerhöhung statt, da die Aktionäre der übertragenden Gesellschaft die
anlässlich der Fusion erworbenen eigenen Aktien der übernehmenden
Gesellschaft erhalten. |
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19.04.2006 |
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Merger: Übernahme der Aktiven und Passiven der Benninger Holding AG, in
Uzwil (CH-320.3.025.965-7) gemäss Fusionsvertrag vom 13.04.2006 und Bilanz
per 31.12.2005. Aktiven von CHF 5'582'566.24 und Fremdkapital von CHF 0.--
gehen auf die übernehmende Gesellschaft über. Es findet keine Kapitalerhöhung
statt, da die Aktionäre der übertragenden Gesellschaft die anlässlich der
Fusion erworbenen eigenen Aktien der übernehmenden Gesellschaft erhalten. |
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26.10.2001 |
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Note: Die Übersetzungen der Firma wurden bei der Gründung im Jahre 1997
versehentlich nicht eingetragen. |
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13.11.1997 |
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Contribution in kind/Asset takeover: Die Gesellschaft übernimmt bei der
Gründung einen Teil der Aktiven und Passiven der Benninger Textile Systems AG,
in Uzwil, nämlich den Geschäftsbereich "Textilmaschinen", gemäss
Sacheinlagebilanz per 31.12.1996, wonach die übernommenen Aktiven CHF
65'544'000.-- und die übernommenen Passiven CHF 57'544'000.-- betragen, wofür
30'000 Namenaktien zu CHF 100.-- ausgegeben und CHF 5'000'000.-- in den
Reserven gutgeschrieben werden. |
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02.09.1997 |
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Publishing authority: SHAB. |
Official
Administration
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Title |
Name |
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President |
Peter Schifferle, Address: Hard bei Weinfelden, Switzerland,
joint signature of two |
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Vice-President |
Rolf Friedli, Address: Herrliberg, Switzerland,
joint signature of two |
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Executive Director |
Christian Kuoni, Address: Zeiningen, Switzerland,
joint signature of two |
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Executive Director |
Daniel Hirschi, Address: 2500 Biel/Bienne/BE,
Switzerland, joint signature of two |
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Executive Director |
Daniel Flaig, Address: Zug/ZG, Switzerland, joint
signature of two |
Management
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Title |
Name |
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Member with signing authority |
Gerhard Huber, Origin: Germany, Address:
Salenstein, Switzerland, joint signature of two |
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Member with signing authority |
Carmen Hayoz, Address: Busswil/TG, Switzerland,
joint signature of two |
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Member with signing authority |
Heinz Michel, Origin: Susch, Switzerland,
Address: 9642 Ebnat-Kappel/SG, Switzerland, joint signature of two |
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Member with procuration |
Fabio Bonomi, Origin: Italy, Address:
Oberuzwil/SG, Switzerland, joint power of attorney of two |
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Member with procuration |
Paul Dürr, Address: Oberuzwil/SG, Switzerland,
joint power of attorney of two |
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Member with procuration |
Guido Benz, Address: Niederuzwil/SG, Switzerland,
joint power of attorney of two |
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Member with procuration |
Jürgen Ströhle, Origin: Austria, Address:
Dornbirn, Austria, joint power of attorney of two |
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Member with procuration |
Adolf Gehrig, Address: Flawil, Switzerland, joint
power of attorney of two |
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Member with procuration |
Jürg Brander, Address: 9240 Uzwil/SG,
Switzerland, joint power of attorney of two |
Executive board
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Title |
Name |
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Chief Executive Officer |
Daniel Hirschi |
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Chief Logistics Officer |
Gerhard Huber |
Ultimate Parent Company
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Name: |
Benninger Holding AG |
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City/Country: |
Uzwil, Switzerland/CH |
Owner/-s
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No. of Owner/-s: |
1 |
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Owner: |
The company is domestic owned. |
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Class: |
100% |
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Name: |
Benninger Holding AG |
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City/Country: |
Uzwil, Switzerland/CH |
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Interest: |
100.00% voting right, 100.00% capital interest |
Investments
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Class: |
100% |
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Name: |
Benninger Corporation |
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City/Country: |
Spartanburg, United States of America/US |
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Interest: |
100.00% voting right, 100.00% capital interest |
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Class: |
100% |
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Name: |
Benninger India Ltd |
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City/Country: |
Mumbai, India/IN |
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Interest: |
100.00% voting right, 100.00% capital interest |
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Class: |
100% |
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Name: |
Benninger SpA |
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City/Country: |
Calenzano, Italy/IT |
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Interest: |
100.00% voting right, 100.00% capital interest |
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Class: |
100% |
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Name: |
Benninger Textile Machinery Company Ltd |
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City/Country: |
Shanghai, China/CN |
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Interest: |
100.00% voting right, 100.00% capital interest |
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Class: |
100% |
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Name: |
Benninger Zell GmbH |
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City/Country: |
Zell, Germany/DE |
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Interest: |
100.00% voting right, 100.00% capital interest |
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Class: |
100% |
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Name: |
Küsters Textile Gesellschaft mit beschränkter
Haftung |
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City/Country: |
Zittau, Germany/DE |
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Interest: |
100.00% voting right, 100.00% capital interest
(since 2008) |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.70 |
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UK Pound |
1 |
Rs.72.78 |
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Euro |
1 |
Rs.61.65 |
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.