MIRA INFORM REPORT

 

 

Report Date :

07.03.2011

 

IDENTIFICATION DETAILS

 

Name :

posalux sa

 

 

Registered Office :

18, rue F. Oppliger P.O. Box 6075 2500 Biel/Bienne 6

 

 

Country :

Switzerland

 

 

Year of Establishment :

1943

 

 

Com. Reg. No.:

073.3.001.925-4 / 138739

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufacture and sale of high-performance machines and automatic machine tools, especially in drilling automation.

 

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 400'000

Status :

Satisfactory

Payment Behaviour :

Regular

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

Posalux SA

 

Operating address:

18, rue F. Oppliger

P.O. Box 6075

2500 Biel/Bienne 6

Switzerland/CH

 

Telephone:                    032 3447500

Fax:                             032 3447701

 

Web site:                      http://www.posalux.net

E-mail:                         drillsales@posalux.ch

 

VAT-No.:                      CHE-101.718.951

 

 

Profile

 

Established:                  1943

History:                        1964:      Limited company

                                    1943:      Established from André Frautschi & Louis Monney

Line of Business:           Machinery

Industry Division:           Manufacturing

Industry-code (NACE):   2841       Manufacture of metal forming machinery

Import/Export:               Import, Export

Quality certification:       ISO 9001:2000 (since 2007)

Banks:                         CS Credit Suisse

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  180

Sales:                          CHF 60'000'000.--

 

 

Activity

 

The business activities includes the manufacture and sale of high-performance machines and automatic machine tools, especially in drilling automation. Brand: Posalux.

 

 

Real Estate

 

Real Estate:                  It is understood that the company owns certain property.

 

 

Company Register

 

Company No:                073.3.001.925-4 / 138739

Legal form:                    Company limited by shares

Registration:                 28.10.1964

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Bern

Auditor:                        Fiduco, Fiduciaire pour l'Industrie et le Commerce S.A., Biel BE

History:                        Date of Statutes: 09.10.1997

                                    Date of Statutes: 09.03.1990

                                    Date of Incorporation Statutes: 18.09.1964

 

Entry          Deleted      Name

active                           Posalux SA

 

Entry          Deleted      Legal domicile

active                           Biel/Bienne, Switzerland

 

Entry          Deleted      Address

active                           Fritz-Oppliger-Strasse 18, 2504 Biel/Bienne/BE, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 5'700'000, paidup CHF 5'700'000

 

Entry          Deleted      Capital Structure

active                           5'700 Registered shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

active                           Herstellung und Handel mit Maschinen und Präzisionsapparaten, insbesondere im Bereich Bohrautomaten.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

active                           Reports: Mitteilungen an die Aktionäre: durch eingeschriebenen Brief.

 

 

Official Administration

 

Title                                           Name

President                                    Thomas Kunz, Origin: Germany, Address: Königstein, Germany, joint signature of two, Appointment: 03.12.2009

Vice-President                             Dr. Hansjörg Stutzer, Origin: Küssnacht am Rigi, Switzerland, Address: 8126 Zumikon/ZH, Switzerland, joint signature of two

Executive Director                        Maxime Cortat, Origin: Châtillon JU, Switzerland, Address: 2500 Biel/Bienne/BE, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Member with signing authority       Lucien Biedermann, Origin: Jens, Switzerland, Address: 2525 Le Landeron/NE, Switzerland, joint signature of two

Member with signing authority       Philippe Emmanuel Grize, Origin: Villars-Burquin, Switzerland, Address: 2000 Neuchâtel/NE, Switzerland, joint signature of two

Member with signing authority       Gijs Van der Klink, Origin: Netherlands, Address: 1527 Villeneuve/FR, Switzerland, joint signature of two, Appointment: 15.02.2010

Member with signing authority       Nicolas Perrenoud, Origin: La Sagne, Les Ponts-de-Martel, Switzerland, Address: 2533 Evilard/BE, Switzerland, joint signature of two, Appointment: 15.02.2010

Member with signing authority       Susan Marie (Sue) Kläy, Origin: United States of America, Address: 3298 Oberwil bei Büren/BE, Switzerland, joint signature of two, Appointment: 15.02.2010

Member with signing authority       Albert Bélat, Origin: La Baroche, Switzerland, Address: 2710 Tavannes/BE, Switzerland, joint signature of two

Member with signing authority       Christian Stadler, Origin: Sumiswald, Switzerland, Address: 2542 Pieterlen/BE, Switzerland, joint signature of two

Member with signing authority       Jean Varrin, Origin: Courgenay, Switzerland, Address: 2500 Biel/Bienne/BE, Switzerland, joint signature of two

Member with signing authority       Walter Ammann, Origin: Rüschegg, Switzerland, Address: 2543 Lengnau bei Biel/BE, Switzerland, joint signature of two

Member with signing authority       René Stössel, Origin: Winterthur, Switzerland, Address: Basel/BS, Switzerland, joint signature of two

Member with signing authority       Herbert Kläy, Origin: Sumiswald, Switzerland, Address: 3298 Oberwil bei Büren/BE, Switzerland, joint signature of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Maxime Cortat

 

 

Ultimate Parent Company

 

Name:                          Posaluna Holding SA

City/Country:                 Châtillon, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Multi-X Holding AG

City/Country:                 Biel/Bienne, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 2003)

 

 

Investments

 

Class:                          100%

Name:                          Posalux GmbH

City/Country:                 Frankfurt am Main, Germany/DE

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Posalux Korea Ltd.

City/Country:                 Kyunggi-Do, South Korea/KR

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Posalux North America Inc

City/Country:                 Irvine, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Posalux Taiwan Pvt Ltd

City/Country:                 Chung-Li   , Taiwan/TW

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

18.11.2008          2008                           0

18.11.2008          2007                           0

18.11.2008          2006                           0

10.04.2006          2005                           0

10.04.2006          2004                           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 met as appropriate.

 

Maximum Credit:           CHF 400'000.--

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.