MIRA INFORM
REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MAAG PUMP SYSTEMS AG |
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Registered Office : |
Aspstrasse 12, 8154 Oberglatt |
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Country : |
Switzerland |
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Date of Incorporation : |
26.06.2003 |
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Com. Reg. No.: |
020.3.026.856-3 / 711793 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
manufacture and sale
of gear pumps and systems for the plastics, chemical, pharmaceutical and food
industries |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 350'000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Maag Pump Systems AG
Operating address
Aspstrasse 12
8154 Oberglatt
Switzerland/CH
Telephone: 044
2788200
Fax: 044
2788201
Web
site: http://www.maag.com
E-mail: welcome@maag.com
VAT-No.: CHE-110.108.711
Profile
Established: 1913
History: 1913: Established as Gear Wheel Company Max Maag,
Zürich
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2813 Manufacture of other pumps and compressors
Import/Export: Import, Export
Export
sales: 98.0%
Quality
certification: ISO 9001:2000 (since
2006)
ISO 14001:2004
(since 2006)
Banks: unknown
Operational Figures
Coverage: Group
Figures: approximately
Financial
year: 2009
Employees: 240
Sales: EUR 52'000'000.--
Activity
The business activities includes the manufacture and sale of gear pumps
and systems for the plastics, chemical, pharmaceutical and food industries.
There are more than 50 global Maag offices.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 020.3.026.856-3 /
711793
Legal
form: Company limited
by shares
Registration: 26.06.2003
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Auditor: Ernst & Young AG
(CH-020.9.001.069-0), Zürich
History: Date of Statutes:
26.11.2010
Date of
Statutes: 17.06.2010
Date of
Statutes: 18.12.2008
Date of
Statutes: 29.09.2004
Date of
Incorporation Statutes: 25.06.2003
Entry Deleted Name
22.01.2009 Maag
Pump Systems AG
22.01.2009 Maag
Pump Systems SA (Name translated)
22.01.2009 Maag
Pump Systems Ltd (Name translated)
26.06.2003 22.01.2009 Maag Pump Systems Textron AG
26.06.2003 22.01.2009 Maag Pump Systems Textron SA (Name translated)
26.06.2003 22.01.2009 Maag Pump Systems Textron Ltd (Name
translated)
Entry Deleted Legal domicile
06.10.2004 Oberglatt,
Switzerland
26.06.2003 06.10.2004 Zürich, Switzerland
Entry Deleted Address
06.10.2004 Aspstrasse
12, 8154 Oberglatt/ZH, Switzerland/CH
26.06.2003 06.10.2004 Hardstrasse 219, 8005 Zürich/ZH,
Switzerland/CH
Entry Deleted Capital
26.06.2003 Share
Capital CHF 4'000'000, paidup CHF 4'000'000
Entry Deleted Capital Structure
26.06.2003 4'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
01.12.2010 Die
Gesellschaft bezweckt Entwicklung, Produktion und Vertrieb
von verfahrenstechnischen Komponenten insbesondere von Zahnradpumpen und
damit zusammenhängenden Systemen. Die Gesellschaft kann alle Geschäfte eingehen
und Verträge abschliessen, die geeignet sind, den Zweck der Gesellschaft zu
fördern, oder die direkt oder indirekt damit in Zusammenhang stehen,
ferner Zweigniederlassungen im In- und Ausland errichten und sich an anderen
Unternehmungen beteiligen oder sich mit diesen zusammenschliessen. Die
Gesellschaft kann an Konzernfinanzierungen teilnehmen, insbesondere indem sie
ihren direkten oder indirekten Gesellschaftern oder anderen
Konzerngesellschaften Kredite gewährt oder für deren Verbindlichkeiten
gegenüber Dritten Garantien oder andere Sicherheiten aller Art gewährt,
auch wenn diese Kredite oder Sicherheiten im ausschliesslichen Interesse ihrer
direkten oder indirekten Gesellschafter oder anderer Konzerngesellschaften
liegen und unentgeltlich gewährt werden.
26.06.2003 01.12.2010 Die Gesellschaft bezweckt Entwicklung,
Produktion und Vertrieb von verfahrenstechnischen Komponenten insbesondere von
Zahnradpumpen und damit zusammenhängenden Systemen. Die Gesellschaft kann alle
Geschäfte eingehen und Verträge abschliessen, die geeignet sind, den Zweck der
Gesellschaft zu fördern, oder die direkt oder indirekt damit in Zusammenhang
stehen, ferner Zweigniederlassungen im In- und Ausland errichten und sich an
anderen Unternehmungen beteiligen oder sich mit diesen zusammenschliessen.
Entry Deleted Remarks (original Language)
20.08.2008 Merger:
Übernahme der Aktiven und Passiven der Maag Textron Holding AG , in Oberglatt
(CH-020.3.916.765-7 ), gemäss Fusionsvertrag vom 30.06.2008 und Bilanz per
31.12.2007. Aktiven von CHF 43'522'467.00 - unter welchen Aktien der
übernehmenden Gesellschaft enthalten sind - und Passiven (Fremdkapital) von CHF
790'430.00 gehen auf die übernehmende Gesellschaft über. Da die Aktionäre der
übertragenden Gesellschaft die anlässlich der Fusion erworbenen eigenen Aktien
der übernehmenden Gesellschaft erhalten, findet weder eine Kapitalerhöhung noch
eine Aktienzuteilung statt
26.06.2003 Publishing authority: SHAB.
26.06.2003 Reports:
Alle Mitteilungen der Gesellschaft an die Aktionäre erfolgen rechtsgültig durch
eingeschriebenen Brief an die letztgemeldete Adresse der Aktionäre.
26.06.2003 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Gründung einen Teil
der Aktiven und Passiven der Maag Pump Systems Textron AG (neu: Maag Textron
Holding AG), nämlich das ganze operative Geschäft im Bereich Entwicklung,
Produktion und Vertrieb von Zahnradpumpen und Systemen gemäss Übernahmebilanz
per 01.01.2003, wonach die übernommenen Aktiven CHF 23'874'788.-- und die
übernommenen Passiven CHF 14'247'262.-- betragen, wofür 4000 Namenaktien zu CHF
1'000.-- ausgegeben und CHF 3'627'526.- als Forderung gutgeschrieben werden.
29.06.2010 Shares: Die Übertragbarkeit der Namenaktien
ist nach Massgabe der Statuten beschränkt.
Official Administration
Title Name
President
& Chief Executive Ulrich
Thürig, Origin: Triengen, Switzerland, Address: Oberentfelden, Switzerland,
joint signature of two
Executive
Director Wolf-Günter
Freese, Origin: Röthenbach im Emmental, Switzerland, Address: 8307
Illnau-Effretikon/ZH, Switzerland, joint signature of two, Appointment:
24.02.2011
Management
Title Name
Director Urs Gull,
Origin: Zürich, Switzerland, Address: 8807 Freienbach/SZ, Switzerland, joint
signature of two, Appointment: 14.07.2010
Director Stefan
Emil Kalt, Origin: Koblenz, Switzerland, Address: Obersiggenthal/AG,
Switzerland, joint signature of two
Director Andreas
Bachmann, Origin: Freienstein-Teufen, Switzerland, Address: 8000 Zürich/ZH,
Switzerland, joint signature of two, Appointment: 16.07.2009
Member
with signing authority Michael
Heinen, Origin: Germany, Address: 8424 Embrach/ZH, Switzerland, joint signature
of two
Member
with signing authority Daniel
Steiner, Origin: Langnau im Emmental, Switzerland, Address: Russikon,
Switzerland, joint signature of two
Member
with procuration Mohamed
Khalil, Origin: Winterthur, Switzerland, Address: Rafz, Switzerland, joint
power of attorney of two
Member
with procuration Günter
Dorka, Origin: Germany, Address: Eggingen, Germany, joint power of attorney of
two
Executive board
Title Name
Chief
Executive Officer Ulrich
Thürig
Chief
Technical Officer Michael
Heinen
Chief
Business Segment Officer Stefan Emil
Kalt
Ultimate Parent Company
Name: Maag Pump Systems
S.à.r.l.
City/Country: Luxembourg, Luxembourg/LU
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Maag Pump Systems
S.à.r.l.
City/Country: Luxembourg, Luxembourg/LU
Interest: 100.00% voting right,
100.00% capital interest (since 02.07.2008)
Sisters
Name: Automatik Holding GmbH
City/Country: Grossostheim, Germany/DE
Investments
Class: 100%
Name: Maag Automatik, Inc.
City/Country: Charlotte, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest (since 25.04.1991)
Class: 100%
Name: Maag Automatik s.r.l.
City/Country: Rozzano, Italy/IT
Interest: 100.00% voting right,
100.00% capital interest (since 1998)
Class: 100%
Name: Maag Pump Systems
City/Country: Villeurbanne, France/FR
Interest: 100.00% voting right,
100.00% capital interest (since 19.02.1998)
Class: 100%
Name: Maag Pump Systems GmbH
City/Country: Grossostheim, Germany/DE
Interest: 100.00% voting right,
100.00% capital interest (since 1994)
Class: 100%
Name: Maag Pump Systems Pte.
Ltd.
City/Country: Singapore, Singapore/SG
Interest: 100.00% voting right,
100.00% capital interest (since 1995)
Class: 100%
Name: Maag Pump Systems
(Switzerland) AG
City/Country: Oberglatt, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 03.06.2008)
Legal Actions
Control date Year No. Amount CHF Status
02.03.2011 2011 0
02.03.2011 2010 0
02.03.2011 2009 0
02.03.2011 2008 0
02.03.2011 2007 0
02.03.2011 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
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: Financial obligations are
paid promptly.
Maximum
Credit: CHF 350'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.61 |
|
UK Pound |
1 |
Rs.73.28 |
|
Euro |
1 |
Rs.65.47 |
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 |
|
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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.