MIRA INFORM REPORT

 

 

Report Date :           

18.03.2011

 

IDENTIFICATION DETAILS

 

Name :

BÜHLER DRUCKGUSS AG

 

 

Registered Office :

Gupfenstrasse 5, 9240 Uzwil

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

07.05.1997

 

 

Com. Reg. No.:

320.3.042.565-6 / 399481

 

 

Legal Form :

Company limited by shares        

 

 

Line of Business :

manufacture and sale of machines and systems for the die casting

 

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 500'000

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 – 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

 

company name

 

Bühler Druckguss AG

 

 

Operating address

 

Gupfenstrasse 5

9240 Uzwil

Switzerland/CH

Telephone:                    071 9551212

Fax:                             071 9552588

Web site:                      http://www.buhler-druckguss.com

E-mail:                         die-casting.info@buhlergroup.com

 

 

VAT-No.  

 

CHE-108.605.348

 

 

Profile

 

Established:                  1997

Line of Business:           Machinery

Industry Division:           Manufacturing

Industry-code (NACE):     3320     Installation of industrial machinery and equipment

                                      3312     Repair of machinery

                                      2891     Manufacture of machinery for metallurgy

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                      Company

Figures:                        estimated

Employees:                  130

Sales:                          CHF 54'000'000.

 

 

Activity

 

The business activities includes the manufacture and sale of machines and systems for the die casting. Here are offered the 3 shot unit "Lean", "Compact" and "Extended".

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                320.3.042.565-6 / 399481

Legal form:                    Company limited by shares

Registration:                 07.05.1997

Legal status:                 active

Responsible Register:    Handelsregister des Kantons St. Gallen

Auditor:                        Ernst & Young AG, in St. Gallen

History:                        Date of Statutes: 22.10.1997

                                    Date of Statutes: 13.08.1997

                                    Date of Statutes: 24.07.1997

                                    Date of Incorporation Statutes: 05.05.1997

 

Entry            Deleted   Name

07.05.1997                    Bühler Druckguss AG

 

Entry            Deleted   Legal domicile

07.05.1997                    Uzwil, Switzerland

 

Entry            Deleted   Address

10.03.1999                    Bahnhofstrasse, 9240 Uzwil/SG, Switzerland/CH

07.05.1997    10.03.1999  9240 Uzwil/SG, Switzerland/CH

 

Entry            Deleted   Capital

03.11.0199                    Share Capital CHF 7'800'000, paidup CHF 7'800'000

02.09.1997    03.11.1997  Share Capital CHF 3'250'000, paidup CHF 3'250'000

07.05.1997    02.09.1997  Share Capital CHF 250'000, paidup CHF 250'000

 

Entry            Deleted   Capital Structure

03.11.1997                    7'800 Registered shares of CHF 1'000.--

02.09.1997    03.11.1997  3'250 Registered shares of CHF 1'000.--

07.05.1997    02.09.1997  250 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

07.05.1997                    Entwicklung, Fabrikation und Vertrieb von Erzeugnissen des Maschinen- und Anlagenbaus, insbesondere im Druckgiess-Systembereich, die Herstellung von Giessereiprodukten, Giesswerkzeugen sowie die Erbringung von entsprechenden Engineering-, Service- und Montageleistungen; die Gesellschaft kann Tochtergesellschaften und Zweigniederlassungen errichten, sich an anderen Unternehmungen des In- und Auslandes beteiligen, gleichartige oder verwandte Unternehmen erwerben oder sich mit solchen zusammenschliessen sowie Grundstücke erwerben oder weiterveräussern.

 

Entry            Deleted   Remarks (original Language)

03.11.1997                    Contribution in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 21.10.1997/ 22.10.1997 einen Teil der Aktiven und Passiven der Bühler AG, in Uzwil, nämlich den Geschäftsbereich "Druckguss Uzwil", gemäss Sacheinlagevertrag vom 21.10.1997 und Übernahmebilanz per 01.09.1997 mit Aktiven von CHF 6'602'402.65 und Passiven von CHF 2'052'402.65, wofür 4'550 Namenaktien zu CHF 1'000.-- ausgegeben werden.

02.09.1997                    Contribution in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 24.07.1997/13.08.1997 einen Teil der Aktiven und Passiven der Bühler AG, in Uzwil, nämlich den Geschäftsbereich "Druckguss Winkeln", gemäss Sacheinlagevertrag vom 29.07.1997 und Übernahmebilanz per 01.07.1997 mit Aktiven von CHF 22'223'455.44 und Passiven von CHF 19'223'455.44, wofür 3'000 Namenaktien zu CHF 1'000.-- ausgegeben werden.

07.05.1997                    Publishing authority: SHAB.

07.05.1997                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

07.05.1997                    Reports: Mitteilungen der Gesellschaft sind den im Aktienbuch eingetragenen Aktionäre schriftlich zuzustellen.

 

 

Official Administration

 

Title                                           Name

President                                    Urs Bühler, Origin: Hombrechtikon, Uzwil, Switzerland, Address: Uzwil, Switzerland, joint signature of two

Vice-President                            Calvin Grieder, Origin: Basel, Switzerland, Address: Stein am Rhein, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Member with signing authority      Walter Baumberger, Origin: Mosnang, Switzerland, Address: Frittschen, Switzerland, joint signature of two

Member with signing authority      Bernahrd Fritsche, Origin: Winterthur, Switzerland, Address: 8374 Dussnang/TG, Switzerland, joint signature of two, Appointment: 19.06.2009

Member with signing authority      Achim Klotz, Origin: Germany, Address: 9500 Wil/SG, Switzerland, joint signature of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Urs Bühler

 

 

Financial Data Bühler Group

 

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2009        31.12.2008        31.12.2007        31.12.2006        31.12.2005

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                                122'700.0          144'300.0            77'600.0            20'500.0             5'700.0

Land and buildings                                     157'500.0          133'400.0          248'600.0          224'100.0          216'000.0

Other tangible fixed assets                          116'300.0          118'800.0          167'900.0          164'900.0          133'400.0

Tangible fixed assets                                  273'800.0          252'200.0          416'500.0          389'000.0          349'400.0

Financial fixed assets                                   65'100.0            42'600.0            33'600.0            32'200.0            27'900.0

other fixed assets                                                0.0                   0.0            16'300.0            16'900.0             8'500.0

Fixed assets                                              461'600.0          439'100.0          544'000.0          458'600.0          391'500.0

Stocks                                                      202'300.0          242'800.0          233'700.0          223'300.0          195'100.0

Trade accounts receivable                           343'000.0          514'100.0          597'700.0          541'900.0          501'400.0

Liquid assets                                             372'400.0          361'200.0          322'200.0          258'100.0          283'600.0

Securities                                                  109'500.0            50'900.0          126'400.0          136'300.0          109'100.0

other trade accounts                                   218'000.0          257'500.0            70'100.0            71'800.0            60'400.0

Accruals                                                       9'400.0              6'000.0             4'100.0              4'800.0             1'500.0

other current assets                                   709'300.0          675'600.0          522'800.0          471'000.0          454'600.0

Current assets                                         1'254'600.0        1'432'500.0        1'354'200.0        1'236'200.0        1'151'100.0

Total assets                                            1'716'200.0        1'871'600.0        1'898'200.0        1'694'800.0        1'542'600.0

 

Capital                                                        15'000.0            15'000.0            15'000.0            15'000.0            15'000.0

Other shareholders funds                            670'000.0          838'000.0          878'100.0          765'200.0          678'500.0

Total shareholders equity                            685'000.0          853'000.0          893'100.0          780'200.0          693'500.0

Minority interests                                         22'300.0            29'900.0            38'300.0            22'200.0            16'200.0

long term debt (financial debts)                      11'500.0              9'300.0            11'700.0            11'100.0            13'500.0

Provisions                                                   40'000.0            44'000.0            45'700.0            34'400.0            25'200.0

Other non current liabilities                          196'600.0          165'900.0          209'200.0          197'700.0          201'100.0

Non current liabilities                                  248'100.0          219'200.0          266'600.0          243'200.0          239'800.0

short term debt (financial debts)                    64'400.0              7'200.0             7'400.0              6'600.0             6'600.0

Trade accounts payable                              347'600.0          432'100.0          144'000.0          134'200.0          141'600.0

Provisions                                                   51'000.0            45'200.0            52'700.0            50'700.0            52'400.0

Accruals                                                    124'700.0            99'700.0          111'300.0            93'300.0            95'400.0

other accounts payable                               173'100.0          185'300.0          384'800.0          364'400.0          297'100.0

other current liabilities                                 348'800.0          330'200.0          548'800.0          508'400.0          444'900.0

Current liabilities                                        760'800.0          769'500.0          700'200.0          649'200.0          593'100.0

Shareh. equity, min. interests + liabilities   1'716'200.0        1'871'600.0        1'898'200.0        1'694'800.0        1'542'600.0

 

Profit and loss account

Sales                                                      1'721'300.0        1'893'100.0        1'773'400.0        1'610'600.0        1'502'400.0

Reduction of proceeds                                         0.0                   0.0           -12'000.0           -19'100.0             4'800.0

Net sales                                                1'721'300.0        1'893'100.0        1'785'400.0        1'629'700.0        1'497'600.0

Other operating revenue                                37'700.0            38'700.0            48'700.0            45'700.0            48'700.0

Operating revenue                                    1'759'000.0        1'931'800.0        1'834'100.0        1'675'400.0        1'546'300.0

Cost of goods sold                                     659'200.0          778'300.0          755'700.0          704'500.0          633'000.0

Gross profit                                             1'099'800.0        1'153'500.0        1'078'400.0          970'900.0          913'300.0

Other operating expenses                           967'700.0          977'400.0          940'100.0          867'900.0          835'000.0

Operating result                                         132'100.0          158'100.0          138'300.0          103'000.0            78'300.0

Interest revenues                                           8'800.0            14'000.0            13'900.0            15'000.0             7'000.0

other financial revenues                                  9'100.0            42'400.0            37'300.0            30'600.0            27'600.0

Financial income                                          17'900.0            56'400.0            51'200.0            45'600.0            34'600.0

Interest expenses                                          3'100.0            29'200.0             5'000.0              4'100.0             2'800.0

other financial expenses                                 2'100.0            59'400.0            20'600.0            13'400.0            10'500.0

Financial expenses                                        5'200.0            88'600.0            25'600.0            17'500.0            13'300.0

Financial result                                            12'700.0           -32'200.0            25'600.0            28'100.0            21'300.0

Result before extraordinary items                 144'800.0          125'900.0          163'900.0          131'100.0            99'600.0

Extraordinary income                                           0.0                   0.0                   0.0                   0.0                   0.0

Extraordinary expenses                                       0.0                   0.0                   0.0                   0.0                   0.0

Extraordinary Result                                            0.0                   0.0                   0.0                   0.0                   0.0

Result before taxes                                    144'800.0          125'900.0          163'900.0          131'100.0            99'600.0

Taxes                                                         40'600.0            24'700.0            33'700.0            10'800.0            27'500.0

Result before minority interests                   104'200.0          101'200.0          130'200.0          120'300.0            72'100.0

minority interests                                           7'400.0              4'900.0                800.0              3'800.0             2'500.0

Result for the financial year                           96'800.0            96'300.0          129'400.0          116'500.0            69'600.0

 

Cash flow

Depreciation                                                49'800.0            37'100.0            31'100.0            30'200.0            30'400.0

Cash flow                                                  154'000.0          138'300.0          161'300.0          150'500.0          102'500.0

Cash flow from operating activities               161'900.0          219'700.0          132'600.0            79'200.0            66'600.0

Investments in tangible fixed assets               63'700.0            84'700.0            62'700.0            60'400.0            31'200.0

Cash flow from investing activities               -144'800.0         -140'800.0           -54'400.0           -93'700.0           -27'800.0

Cash flow from financing activities                 -12'700.0             -7'600.0           -11'900.0           -11'100.0           -15'000.0

Others                                                          6'800.0           -32'300.0            -2'200.0                100.0             8'700.0

Change in liquidity                                        11'200.0            39'000.0            64'100.0           -25'500.0            32'500.0

Liquidity at beginning of the year                  361'200.0          322'200.0          258'100.0          283'600.0          251'100.0

Liquidity at end ot the year                          372'400.0          361'200.0          322'200.0          258'100.0          283'600.0

 

Notes

Material costs                                            637'100.0          787'300.0          755'700.0          704'500.0          633'000.0

Cost of employees                                     586'200.0          612'600.0          581'500.0          552'500.0          527'700.0

Research and Development                           78'700.0            82'300.0            74'400.0            70'100.0            62'900.0

Orders received                                        1'784'000.0          948'000.0          870'900.0          817'200.0          738'400.0

Added value                                               783'900.0          804'800.0          781'500.0          717'900.0          660'500.0

Working Capital                                         197'700.0          621'000.0          687'400.0          631'000.0          554'900.0

Sales per Employee                                         230.1                245.9                259.1                246.0                243.4

Gross cost land and buildings                     212'200.0          182'800.0          403'200.0          380'500.0          368'200.0

Gross cost other tangible fixed assets         335'000.0          331'700.0          431'600.0          424'700.0          390'900.0

Gross cost total                                         547'200.0          514'500.0          834'800.0          805'200.0          759'100.0

Insurance value total                                   817'600.0        1'039'000.0        1'005'700.0        1'027'000.0        1'016'500.0

 

Employees  at year end                                    7'480                7'661                6'890                6'626                6'152

Employees inland                                             2'700                3'064                2'863                2'803                2'756

Employees abroad                                            4'780                4'597                4'027                3'823                3'396

 

 

Ultimate Parent Company

 

Name:                          Bühler Holding AG

City/Country:                 Uzwil, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

Class:                          100%

Name:                          Bühler Holding AG

City/Country:                 Uzwil, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 1997)

 

 

Sisters

 

Name:                          ASE-Bühler AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Bühler + Scherler AG

City/Country:                 St. Gallen, Switzerland/CH

 

Name:                          Bühler AB

City/Country:                 Malmö, Sweden/SE

 

Name:                          Bühler AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Bühler Bindler GmbH

City/Country:                 Bergneustadt, Germany/DE

 

Name:                          Buhler (Canada) Inc

City/Country:                 Markham, Canada/CA

 

Name:                          Buhler (Changzhou) Machinery Co Ltd

City/Country:                 Liyang City, China/CN

 

Name:                          Bühler Druckgiessysteme GmbH

City/Country:                 Frankfurt, Germany/DE

 

Name:                          Buhler Equipment Engineering (WUXI) Co Ltd

City/Country:                 Wuxi, China/CN

 

Name:                          Buhler Equipment (Xi'an) Co Ltd

City/Country:                 Xi'an, China/CN

 

Name:                          Bühler GmbH

City/Country:                 Braunschweig, Germany/DE

 

Name:                          Buhler Inc

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

 

Name:                          Buhler (India) Ltd

City/Country:                 Bangalore, India/IN

 

Name:                          Buhler Industrial (Shenzhen)  Co Ltd

City/Country:                 Shenzhen, China/CN

 

Name:                          Buhler KK

City/Country:                 Yokohama, Japan/JP

 

Name:                          Bühler Limitada

City/Country:                 Joinville, Brazil/BR

 

Name:                          Bühler Management AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Buhler Mechanical Equipment (Shenzen) Co Ltd

City/Country:                 Shenzen, China/CN

 

Name:                          Buhler (Private Joint Stock Company)

City/Country:                 Theran, Iran/IR

 

Name:                          Buhler (Pty) Ltd

City/Country:                 Randburg, South Africa/ZA

 

Name:                          Buhler SA

City/Country:                 Buenos Aires, Argentina/AR

 

Name:                          Buhler SA

City/Country:                 Madrid, Spain/ES

 

Name:                          Buhler SA de CV

City/Country:                 Toluca, Mexico/MX

 

Name:                          Buhler Sarl

City/Country:                 Paris, France/FR

 

Name:                          Bühler Services AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Buhler (Shanghai) Trading Co Ltd

City/Country:                 Shanghai, China/CN

 

Name:                          Buhler Sortex Inc

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

 

Name:                          Bühler SpA

City/Country:                 Milano, Italy/IT

 

Name:                          Buhler UK Holdings Limited

City/Country:                 London , United Kingdom/GB

 

Name:                          Buhler (Wuxi) Commercial Co Ltd

City/Country:                 Wuxi, China/CN

 

Name:                          Bühler-Immo AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Innopan Ingredients AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Richard Frisse GmbH

City/Country:                 Bad Salzuflen, Germany/DE

 

Name:                          UZE AG

City/Country:                 Uzwil, Switzerland/CH

 

Name:                          Wuxi Buhler Machinery Manufacturing Co Ltd

City/Country:                 Wuxi, China/CN

 

 

Investments

 

Class:                          100%

Name:                          BuhlerPrince Inc

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

Interest:                        100.00% voting right, 100.00% capital interest (since 2006)

 

Class:                          50%

Name:                          JSW & Buhler Machinery, Ltd.

City/Country:                 Tokyo, Japan/JP

Interest:                        50.00% voting right, 50.00% capital interest (since 30.07.2008)

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

15.12.2008          2008                           0

15.12.2008          2007                           0

15.12.2008          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 met as appropriate.

 

Maximum Credit:           CHF 500'000

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.72.57

Euro

1

Rs.63.00

 

 

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

 

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.