MIRA INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ECODYNE UET SCHWEIZ AG |
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Registered Office : |
Weiherallée 11b, 8610 Uster |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.09.2001 |
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Com. Reg. No.: |
020.3.024.998-1 / 634925 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
development and distribution
of cooling, ventilation and filtration systems |
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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Maximum Credit Limit : |
CHF 80'000 |
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Status : |
Moderate |
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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) |
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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
Ecodyne UET Schweiz AG
Operating address
Weiherallée 11b
8610 Uster
Switzerland/CH
Telephone: 044
9446666
Fax: 044
9446660
Web
site: http://www.ecodyne.ch
E-mail: info@ecodyne.ch
VAT-No.: CHE-109.328.909
Profile
Established: 2001
Line
of Business: Engineering/Architecture,
Consumer goods wholesale
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 7112 Engineering activities and related
technical consultancy
4649 Wholesale of other household goods
Import/Export: Import
Quality
certification: ISO 9001:2008
Banks: unknown
Operational Figures
Coverage: Company
Employees: 21
Activity
The business activities includes the development and distribution of cooling,
ventilation and filtration systems. They are produced in Puebla / Mexico and
Muri / Switzerland.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 020.3.024.998-1 /
634925
Legal
form: Company limited
by shares
Registration: 12.09.2001
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Auditor: Ernst & Young AG,
Zürich
History: Date of Statutes:
04.02.2002
Date of
Statutes: 11.09.2001
Date of
Incorporation Statutes: 27.08.2001
Entry Deleted Name
12.09.2001 Ecodyne
UET Schweiz AG
12.09.2001 Ecodyne
UET Suisse SA (Name translated)
12.09.2001 Ecodyne
UET Switzerland Inc. (Name translated)
12.09.2001 Ecodyne
UET Svizzera SA (Name translated)
Entry Deleted Legal domicile
12.09.2001 Uster,
Switzerland
Entry Deleted Address
22.10.2009 Weiherallee
11b, 8610 Uster/ZH, Switzerland/CH
12.09.2001 22.10.2009 Wilstrasse 11, 8610 Uster/ZH, Switzerland/CH
Entry Deleted Capital
19.02.2002 Share
Capital CHF 300'000, paidup CHF 300'000
Entry Deleted Capital Structure
19.02.2002 300
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
12.09.2001 Erarbeitung
von kundenspezifischen Lösungen für die Investitionsgüterindustrie,
insbesondere Engineering, Projektmanagement und Vertrieb von
Medienkühlsystemen, Lüftungs- und Luftfilteranlagen; kann sich bei anderen
Unternehmen beteiligen sowie Liegenschaften erwerben und verkaufen.
Entry Deleted Remarks (original Language)
19.02.2002 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
04.02.2002 einen Teil der Aktiven und Passiven der Zellweger Luwa AG, in Uster,
nämlich den Geschäftsbereich Schweizer Abteilung UET, gemäss Übernahmebilanz
per 31.08.2001, wonach die übernommenen Aktiven CHF 1'087'668.47 und die
übernommenen Passiven CHF 830'614.58 betragen, zum Preis von CHF 257'053.89
sowie einen Goodwill zum Preis von CHF 1'682'863.--.
12.09.2001 Publishing
authority: SHAB.
12.09.2001 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
12.09.2001 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Veröffentlichung im
Publikationsorgan oder, wenn die Namen und Adressen aller Aktionäre bekannt
sind und das Gesetz nicht zwingend etwas anderes bestimmt, durch
eingeschriebenen Brief.
Official Administration
Title Name
President John James
Heeney, Origin: United States of America, Address: Plymouth/Minnesota, United
States of America, joint signature of two, Appointment: 25.02.2010
Chief
Executive Heinz
Ott, Origin: Winterthur, Wila, Switzerland, Address: Wettswil am Albis,
Switzerland, joint signature of two
Executive
Director Dr. Otto
Carl Meier, Origin: Baden, Greifensee, Switzerland, Address: Zürich/ZH,
Switzerland, joint signature of two
Executive board
Title Name
Chief
Executive Officer Heinz
Ott
Financial Data Berkshire Hathaway
Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2004 31.12.2003
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed
assets 33'972.0 33'781.0
Tangible fixed
assets 46'656.0 45'157.0
Fixed assets 80'628.0 78'938.0
Stocks 6'147.0 7'500.0
Liquid assets 30'558.0 25'539.0
Securities 93'693.0 80'705.0
other trade
accounts 86'093.0 74'717.0
other current
assets 210'344.0 180'961.0
Current assets 216'491.0 188'461.0
Total assets 297'119.0 267'399.0 188'874.0 180'559.0
Capital 8.0 8.0 8.0 8.0
Other shareholders
funds 131'094.0 109'259.0
Total shareholders
equity 131'102.0 109'267.0 85'900.0 77'596.0
Minority interests 4'683.0 4'440.0
Other non current
liabilities 19'225.0 10'280.0
Non current
liabilities 19'225.0 10'280.0
other accounts
payable 142'109.0 143'412.0
other current
liabilities 142'109.0 143'412.0
Current
liabilities 142'109.0 143'412.0
Shareh. equity,
min. interests + liabilities 297'119.0 267'399.0
Profit and loss
account
Sales 62'555.0 65'854.0
Net sales 62'555.0 65'854.0
Other operating
revenue 42'020.0 42'637.0
Operating revenue 104'575.0 108'491.0 74'401.0 21'493.0
Cost of goods sold 52'647.0 54'103.0
Gross profit 51'928.0 54'388.0
Other operating
expenses 46'302.0 44'146.0
Operating result 5'626.0 10'242.0 13'996.0 -19'739.0
other financial
revenues 11'500.0 7'929.0
Financial income 11'500.0 7'929.0
Interest expenses 1'992.0 1'963.0
other financial
expenses 3'155.0 8'634.0
Financial expenses 5'147.0 10'597.0
Financial result 6'353.0 -2'668.0
Result before extraordinary
items 11'979.0 7'574.0
Extraordinary
Result 0.0 0.0
Result before
taxes 11'979.0 7'574.0
Taxes 3'538.0 1'978.0
Result before
minority interests 8'441.0 5'596.0 7'308.0 8'151.0
minority interests 386.0 602.0
Result for the
financial year 8'055.0 4'994.0
Cash flow
Depreciation 3'127.0 2'810.0 911.0 520.0
Cash flow 11'568.0 8'406.0
Cash flow from
operating activities 15'846.0 11'252.0
Investments in
tangible fixed assets 4'937.0 6'138.0
Cash flow from
investing activities -11'161.0 -32'066.0
Cash flow from
financing activities 233.0 2'286.0
Others 101.0 -262.0
Change in
liquidity 5'019.0 -18'790.0
Liquidity at
beginning of the year 25'539.0 44'329.0
Liquidity at end
ot the year 30'558.0 25'539.0
Notes
Added value 17'098.0 12'347.0
Working Capital 6'147.0 7'500.0
Sales per Employee 0.3
Market
capitalisation 135'257.0 129'461.0
Gross cost land
and buildings 7'498.0 6'770.0
Gross cost other
tangible fixed assets 60'728.0 57'848.0
Gross cost total 68'226.0 64'618.0
Insurance value
total 0.0 0.0
Employees at year end 222'000 180'176 172'700
Offices abroad 0 0
Ultimate Parent Company
Name: Berkshire Hathaway Inc
City/Country: Omaha, United States of
America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Ecodyne Heat Exchanger
LLC
City/Country: Houston, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
21.08.2007 2007 0
21.08.2007 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 considered to be in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
Maximum
Credit: CHF 80'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
RATING EXPLANATIONS
|
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 |
|
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.