MIRA INFORM REPORT
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Report Date : |
19.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
METTLER-TOLEDO AG |
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Registered Office : |
Im Langacher 44, 8606 Greifensee |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.03.1997 |
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Com. Reg. No.: |
020.4.002.767-3 / 395053 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Development, Production and Worldwide Distribution of horizontals,
instruments, tools, metrology equipment and systems, as well as computer and
network components (hardware and software) for this areas |
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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Maximum Credit Limit : |
CHF 3'000'000 |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
Mettler-Toledo AG
Operating address
Im Langacher 44 Analytical
Division:
8606 Greifensee Sonnenbergstrasse
74
Switzerland/CH 8603
Schwerzenbach
Switzerland/CH
Telephone: 044
9442211 044
8067711
Fax: 044
9443060 044
8067350
Web
site: http://ch.mt.com
E-mail: info@mt.com
VAT-No.
CHE-105.929.582
Profile
Established: 1945
History: 1945: Established from Dr. Erhard Mettler
Line
of Business: Measurement and
control technology
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Quality
certification: ISO 9001:2000
ISO 14001
ISO 17025
Banks: CSFB Credit Suisse
First
Operational Figures
Coverage: Company
Employees: 1'000-1'999
Sales: USD 200-400 Mio
Activity
The business activities includes the development, production and
worldwide distribution of horizontals, instruments, tools, metrology equipment
and systems, as well as computer and network components (hardware and software)
for this areas.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 020.4.002.767-3 /
395053
Legal
form: Company limited
by shares
Registration: 05.03.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Auditor: PricewaterhouseCoopers
AG (CH-020.3.020.876-5), Zürich
History: Date of Statutes:
25.08.2005
Date of
Statutes: 20.12.1999
Date of
Statutes: 23.06.2000
Date of
Incorporation Statutes: 24.02.1997
Date of
Statutes: 14.01.2008
Date of
Statutes: 14.07.2006
Date of
Statutes: 30.06.2006
Entry Deleted Name
04.07.2006 Mettler-Toledo
AG
04.07.2006 Mettler-Toledo
Ltd. (Name translated)
04.07.2006 Mettler-Toledo
SA (Name translated)
04.07.2006 Mettler-Toledo GmbH
Entry Deleted Legal domicile
active
Entry Deleted Address
28.07.2010 Im
Langacher 44, 8606 Greifensee/ZH, Switzerland/CH
28.07.2010 Im Langacher , 8606
Entry Deleted Capital
14.01.2008 Share
Capital CHF 3'130'400, paidup CHF 3'130'400
Entry Deleted Capital Structure
14.01.2008 31'304
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
14.01.2008 Zweck
der Gesellschaft ist die Entwicklung, Herstellung und der weltweite Vertrieb
von Waagen, Instrumenten, messtechnischen Geräten und von Systemen sowie der
mit diesen Produkten eingesetzten Informatik- und Netzwerkkomponenten (Hard-
und Software), und die Erbringung von Dienstleistungen an verbundene
Unternehmungen und an Dritte vor allem in der Form von Engineering Leistungen,
General Contracting und Informatikunterstützung. Die Gesellschaft bezweckt
zudem die Unterstützung von verbundenen Gesellschaften, insbesondere in
finanzieller Hinsicht und kann namentlich Finanzierungen für eigene oder fremde
Rechnung vornehmen sowie Darlehen an Konzerngesellschaften geben und Garantien
und Bürgschaften für Konzerngesellschaften eingehen. Die Gesellschaft kann
Liegenschaften erwerben und sich an anderen Unternehmungen beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Change
of Corporate Form: Ist auf dem Wege der Umwandlung aus der Mettler-Toledo AG,
in Greifensee, hervorgegangen. Übernimmt gemäss Umwandlungsbilanz per 31.1.1997
Aktiven von CHF 236'906'671.-- und Passiven von CHF 207'943'700.-- im Sinne von
Art. 824 ff. OR. Das Aktienkapital von CHF 2'000'000.-- wird in Stammkapital
umgewandelt.
14.01.2008 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der ordentlichen
Kapitalerhöhung vom 14.01.2008 gemäss Sacheinlagevertrag vom 17.12.2007
2'700'000 Aktien der Mettler-Toledo (M) SDN.BHD., in Shah Alam (Selangor Darul
Ehsan, Malaysia) mit einem Nominalwert von je RM 1.--, wofür 208 Namenaktien zu
CHF 100.-- ausgegeben werden.
14.07.2006 Participation
certificates: Die Namenpartizipationsscheine gewähren Vorrechte bezüglich
Dividende und Liquidationserlös gemäss Statuten.
14.07.2006 Shares:
Die Übertragbarkeit der Namenpartizipationsscheine ist nach Massgabe der
Statuten beschränkt.
14.07.2006 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
14.07.2006 gemäss Sacheinlageverträgen vom 10./12.07.2006 2'000 Aktien der
Mettler-Toledo (Gibraltar) MTCS Ltd, in Gibraltar zu nominal je CHF 1.--, 2'000
Aktien der Mettler-Toledo (Gibraltar) MTCN Ltd, in Gibraltar zu nominal je CHF
1.--, 2'000 Aktien der Mettler-Toledo (Gibraltar) MTCZ Ltd, in Gibraltar zu
nominal je CHF 1.-- sowie gemäss Sacheinlagevertrag vom 10.07.2006 2'000 Aktien
der Mettler-Toledo (Gibraltar) China Holding Ltd, in Gibraltar zu nominal je
CHF 1.--, wofür insgesamt 11'096 Namenaktien zu CHF 100.-- sowie 214
Namenpartizipationsscheine zu CHF 100.-- ausgegeben werden.
04.07.2006 Reports:
Mitteilungen an die Aktionäre erfolgen durch Brief an die im Aktienbuch
verzeichneten Adressen.
04.07.2006 Change
of Corporate Form: Die Gesellschaft mit beschränkter Haftung wird gemäss
Umwandlungsplan vom 30.06.2006 und Bilanz per 31.12.2005 mit Aktiven von CHF
210'665'128.06 (abzüglich Dividendenausschüttung von CHF 13'000'000.--) und
Passiven (Fremdkapital) von CHF 181'073'826.23 in eine Aktiengesellschaft
umgewandelt. Die Gesellschafter erhalten für ihre bisherigen Stammanteile
20'000 Aktien zu CHF 100.--.
Entry Deleted Branches
28.07.2010 Im
Hackacker 15, 8902 Urdorf/ZH, Switzerland/CH (Business place)
28.07.2010 Buchbergstrasse
4, 8730 Uznach/SG, Switzerland/CH (Business place)
28.07.2010 Sonnenbergstrasse
74, 8603 Schwerzenbach/ZH, Switzerland/CH (Business place)
28.07.2010 Heuwinkelstrasse
3, 8606 Nänikon/ZH, Switzerland/CH (Business place)
Official Administration
Title Name
President Christian
Magloth, Origin:
Vice-President James Thomas Bellerjeau,
Origin:
Executive
Director Thomas
Keller, Origin:
Executive
Director Kurt Jufer,
Origin:
Management
Title Name
Member
with signing authority Thomas Martin
Caratsch, Origin: Santa Maria Val Müstair,
Member
with signing authority Britta
Bellano-Kuske, Origin:
Member
with signing authority Elmar Büth,
Origin:
Member
with signing authority Marcel
Schwyter, Origin:
Member
with signing authority René
Lenggenhager, Origin:
Member
with signing authority Hans-Peter von
Arb, Origin:
Member
with signing authority Waldemar
Rauch, Origin:
Member
with signing authority Kurt Liebherr,
Origin:
Member
with signing authority Thomas Walter
Müller, Origin:
Member
with signing authority Andreas Meyer,
Origin:
Member
with signing authority Peter
Leuenberger, Origin:
Member
with signing authority Christian
Radloff, Origin:
Member
with signing authority Robert Meier,
Origin: Zürich,
Member
with signing authority Peter Baumann,
Origin: Zürich,
Member
with signing authority Doris
Schilling, Origin:
Member
with procuration Urs Widmer,
Origin: Eschenbach,
Member
with procuration Dr. Petra
Meuer, Origin:
Member
with procuration Hans Rudolf
Steffen, Origin:
Member
with procuration Dr. Regina
Schlegel, Origin:
Financial Data Mettler-Toledo
Ltd.
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Operating revenue 455'325.0 396'269.0 442'054.0 391'042.0 340'849.0
Operating result 97'666.0 82'954.0 85'363.0 81'158.0 70'083.0
Total assets 879'923.0 685'006.0 626'539.0 537'360.0 431'542.0
Depreciation 9'222.0 9'706.0 9'055.0 7'805.0 7'632.0
Investments in
tangible fixed assets 13'212.0 5'453.0 8'477.0 7'780.0 6'506.0
Employees at year end 1'670 1'600 1'650 1'550 1'500
Employees inland 1'670 1'600 1'650 1'550 1'500
Employees abroad 0 0 0 0 0
Financial Data Mettler Toledo
Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
Balance Sheet
Intangible fixed
assets 539'071.0 546'234.0 424'426.0 440'767.0
Tangible fixed
assets 364'472.0 316'334.0 285'008.0 265'665.0 229'138.0
Financial fixed
assets 95'996.0 95'688.0 0.0 0.0 0.0
other fixed assets 138'629.0 114'424.0 282'230.0 288'573.0 688'167.0
Fixed assets 1'138'168.0 1'072'680.0 991'664.0 995'005.0 917'305.0
Stocks 217'104.0 168'042.0 170'613.0 173'725.0 148'372.0
Trade accounts
receivable 368'936.0 312'998.0 348'614.0 354'596.0 306'879.0
Liquid assets 447'577.0 85'031.0 78'073.0 81'222.0 151'269.0
other trade
accounts 111'278.0 80'036.0 73'565.0 73'666.0 63'260.0
other current
assets 558'855.0 165'067.0 151'638.0 154'888.0 214'529.0
Current assets 1'144'895.0 646'107.0 670'865.0 683'209.0 669'780.0
Total assets 2'283'063.0 1'718'787.0 1'662'529.0 1'678'214.0 1'587'085.0
Capital 597'643.0 574'482.0 560'220.0 548'826.0 529'311.0
Other shareholders
funds 173'941.0 136'656.0 -56'973.0 32'460.0 101'551.0
Total shareholders
equity 771'584.0 711'138.0 503'247.0 581'286.0 630'862.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 670'301.0 203'590.0 441'588.0 385'072.0 345'705.0
Other non current
liabilities 298'992.0 309'384.0 290'096.0 264'083.0 226'139.0
Non current
liabilities 969'293.0 512'974.0 731'684.0 649'155.0 571'844.0
short term debt
(financial debts) 10'902.0 89'968.0 12'492.0 11'570.0 9'962.0
Trade accounts
payable 138'105.0 103'160.0 111'442.0 127'109.0 95'971.0
Provisions 17'705.0 11'303.0
other accounts
payable 375'474.0 290'244.0 303'664.0 309'094.0 278'446.0
other current
liabilities 393'179.0 301'547.0 303'664.0 309'094.0 278'446.0
Current
liabilities 542'186.0 494'675.0 427'598.0 447'773.0 384'379.0
Shareh. equity,
min. interests + liabilities 2'283'063.0 1'718'787.0 1'662'529.0 1'678'214.0 1'587'085.0
Profit and loss account
Net sales 1'968'178.0 1'728'853.0 1'973'344.0 1'793'748.0 1'594'912.0
Operating revenue 1'968'178.0 1'728'853.0 1'973'344.0 1'793'748.0 1'594'912.0
Cost of goods sold 930'982.0 839'516.0 993'081.0 897'567.0 804'480.0
Gross profit 1'037'196.0 889'337.0 980'263.0 896'181.0 790'432.0
Other operating
expenses 709'626.0 639'458.0 739'584.0 674'317.0 603'077.0
Operating result 327'570.0 249'879.0 240'679.0 221'864.0 187'355.0
Interest expenses 20'057.0 25'117.0
Financial expenses 20'057.0 25'117.0
Financial result -20'057.0 -25'117.0 25'390.0 21'003.0 17'492.0
Result before
extraordinary items 307'513.0 224'762.0 266'069.0 242'867.0 204'847.0
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes 307'513.0 224'762.0 266'069.0 242'867.0 204'847.0
Taxes 75'365.0 52'169.0 63'291.0 64'360.0 47'315.0
Result before
minority interests 232'148.0 172'593.0 202'778.0 178'507.0 157'532.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 232'148.0 172'593.0 202'778.0 178'507.0 157'532.0
Cash flow
Depreciation 14'842.0 11'844.0 10'553.0 11'682.0 11'503.0
Cash flow 246'990.0 184'437.0 213'331.0 190'189.0 169'035.0
Cash flow from
operating activities 268'279.0 232'605.0 223'764.0 228'217.0 191'566.0
Investments in tangible
fixed assets 73'943.0 60'041.0 61'008.0 47'545.0 34'329.0
Cash flow from
investing activities -77'015.0 -72'580.0 -48'700.0 -41'388.0 -30'938.0
Cash flow from
financing activities 167'923.0 -157'443.0 -179'147.0 -263'981.0 -337'464.0
Others 3'359.0 4'376.0 934.0 7'105.0 3'527.0
Change in
liquidity 362'546.0 6'958.0 -3'149.0 -70'047.0 -173'309.0
Liquidity at
beginning of the year 85'031.0 78'073.0 81'222.0 151'269.0 324'578.0
Liquidity at end
ot the year 447'577.0 85'031.0 78'073.0 81'222.0 151'269.0
Notes
Research and
Development 97'028.0 89'685.0 102'282.0 92'378.0 82'802.0
Added value 342'412.0 261'723.0 266'069.0 254'549.0 216'350.0
Working Capital 447'935.0 377'880.0 407'785.0 401'212.0 359'280.0
Sales per Employee 175.7 166.2 197.3 188.8 175.3
Gross cost land
and buildings 240'616.0 228'281.0 223'143.0 223'843.0 200'312.0
Gross cost other
tangible fixed assets 442'198.0 376'770.0 321'472.0 265'183.0 242'296.0
Gross cost total 682'814.0 605'051.0 544'615.0 489'026.0 442'608.0
Employees at year end 11'200 10'400 10'000 9'500 9'100
Employees inland 1'600 1'500
Employees abroad 7'900 7'600
Ultimate Parent Company
Name: Mettler-Toledo Holding
AG
City/Country:
Owner/-s
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Mettler-Toledo Holding
AG
City/Country:
Interest: 100.00% voting right,
100.00% capital interest
Investments
Class: 100%
Name: Mettler-Toledo
Logistik GmbH
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 26.09.2007)
Class: 100%
Name: Mettler-Toledo
Logistik International GmbH
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 01.10.2007)
Class: 100%
Name: Mettler-Toledo
(Schweiz) GmbH
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 24.09.2007)
Class: 100%
Name: Ohaus Europe GmbH
City/Country:
Interest: 100.00% voting right,
100.00% capital interest (since 22.12.2006)
Class: 50-99%
Name: Mettler-Toledo OnLine
GmbH
City/Country:
Interest: 99.00% voting right,
99.00% capital interest (since 2006)
Legal Actions
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
Situation: The financial situation
is good.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 3'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.