MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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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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Year of Establishment : |
1945 |
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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 : |
Manufacture of instruments and appliances for measuring, testing and navigation |
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 |
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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 – 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 |
Name and address
Mettler-Toledo AG
Operating address:
Im Langacher 44
8606 Greifensee
Switzerland/CH
Telephone: 044
9442211
Fax: 044
9443060
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.63.81 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.