MIRA INFORM REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SSM SCHÄRER SCHWEITER METTLER AG |
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Registered Office : |
Neugasse 10, 8810 Horgen |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.02.1989 |
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Com. Reg. No.: |
020.3.923.278-0 / 161234 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Development, Production, Sales and Distribution of textile, beaming
and winding machinery. Brands: DIGICONE, SSM |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
CHF 1'000'000 |
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Status : |
Satisfactory |
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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 – 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 |
|
Insignificant |
A1 |
|
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
SSM Schärer Schweiter Mettler AG
"SSM AG"
Operating address
Neugasse 10
8810 Horgen
Switzerland/CH
Telephone: 044
7183311
Fax: 044
7183451
Web
site: http://www.ssm.ch
E-mail: info@ssm.ch
VAT-No.: CHE-106.416.658
Profile
Established: 1854
History: 1912: Limited company
Line
of Business: Financial services,
Machinery
Industry
Division: Services,
Manufacturing
Industry-code (NACE): 6420 Activities of holding companies
2894 Manufacture of machinery for textile, apparel
and leather production
Import/Export: Export
Export
sales: 98.0%
Banks: CS Credit Suisse
Operational Figures
Coverage: Group
Employees: 150-249
Sales: CHF 80-100 Mio
Activity
The business activities includes development, production, sales and distribution
of textile, beaming and winding machinery. Brands: DIGICONE, SSM.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 020.3.923.278-0 /
161234
Legal
form: Company limited
by shares
Registration: 08.02.1989
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
Auditor: Deloitte AG, Zürich
History: Date of Statutes:
19.01.1989
Date of
Statutes: 29.09.2003
Date of
Statutes: 20.12.1995
Entry Deleted Name
09.12.2003 SSM Schärer
Schweiter Mettler AG
09.12.2003 SSM
Schärer Schweiter Mettler SA (Name translated)
09.12.2003 SSM
Schärer Schweiter Mettler Ltd (Name translated)
09.12.2003 Schärer Schweiter Mettler AG
09.12.2003 Schärer Schweiter Mettler SA (Name translated)
09.12.2003 Schärer Schweiter Mettler Ltd (Name
translated)
Entry Deleted Legal domicile
active Horgen,
Switzerland
Entry Deleted Address
09.12.2003 Neugasse
10, 8810 Horgen/ZH, Switzerland/CH
09.12.2003 Neugasse 12, 8810 Horgen/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 6'000'000, paidup CHF 6'000'000
Entry Deleted Capital Structure
active 6'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
18.01.1996 Entwicklung,
Herstellung, Verkauf und Service von sowie Handel mit Maschinen, insbesondere
Textilmaschinen, sowie Erbringen von Dienstleistungen in diesem Zusammenhang;
kann sich an Unternehmen beteiligen sowie Grundstücke erwerben, halten und
veräussern.
18.01.1996 Entwicklung, Herstellung, Verkauf und Service
sowie Handel mit Maschinen, insbesondere Textilmaschinen; kann sich an
Unternehmen aller Art beteiligen sowie Grundstücke erwerben, verwerten und
veräussern.
Entry Deleted Remarks (original Language)
active Note:
Der von einer bisherigen Registerkarte übertragene Auszug enthält keine vor dem
Uebertrag gestrichenen Tatsachen, und auch keine allfälligen früheren
Statutendaten oder Tagebuch- und SHAB-Zitate. Diese können auf der im Feld
"Uebertrag von" bezeichneten Handelsregisterkarte eingesehen werden.
active Publishing
authority: SHAB.
18.01.1996 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
18.01.1996 Reports:
Mitteilungen an die Aktionäre erfolgen im Publikationsorgan oder durch
eingeschriebenen Brief an die im Aktienbuch eingetragene Adresse.
09.12.2003 Particular facts: Beabsichtigt von der
Maschinenfabrik Schärer AG, Erlenbach, den Geschäftsbereich Spulmaschinen mit
Passiven und Aktiven gemäss noch zu erstellender Bilanz zum Höchstpreis von CHF
13'000'000.-- zu übernehmen, beabsichtigt ferner von der Maschinenfabrik
Schweiter AG, Horgen, den Geschäftsbereich Spulmaschinen mit Passiven und
Aktiven gemäss noch zu erstellender Bilanz zum Höchstpreis von CHF 20'000'000.--
zu übernehmen.
Official Administration
Title Name
President Beat M.
Siegrist, Origin: Vordemwald, Switzerland, Address: Herrliberg/ZH, Switzerland,
joint signature of two, Appointment: 21.06.1996
Executive
Director Dr. Heinz
O. Baumgartner, Origin: Zürich, Meilen, Switzerland, Address: Oberwil-Lieli/AG,
Switzerland, joint signature of two, Appointment: 21.06.1996
Management
Title Name
General
Manager Ernst
(Ernesto) Maurer, Origin: Zürich, Switzerland, Address: Elgg/ZH, Switzerland,
joint signature of two, Appointment: 23.04.2010
Member
of the management Martin Philipp
Klöti, Origin: Zürich, Switzerland, Address: Affoltern am Albis/ZH,
Switzerland, joint signature of two, Appointment: 25.10.2004
Member
of the management Davide
Maccabruni, Origin: Basel, Switzerland, Address: 8800 Thalwil/ZH, Switzerland,
joint signature of two, Appointment: 09.11.2009
Member
of the management Urs Peter Gull,
Origin: Zürich, Switzerland, Address: Würenlos/AG, Switzerland, joint signature
of two, Appointment: 25.10.2004
Member
of the management Martin Toti,
Origin: Cadro, Switzerland, Address: 8800 Thalwil/ZH, Switzerland, joint
signature of two, Appointment: 21.02.2006
Member
of the management Christian
Widmer, Origin: Hasle bei Burgdorf, Switzerland, Address: 8820 Wädenswil/ZH,
Switzerland, joint signature of two, Appointment: 27.01.2009
Member
with signing authority Sonja
Kälin-Walker, Origin: Gurtnellen, Switzerland, Address: 8840 Einsiedeln/SZ,
Switzerland, joint signature of two, Appointment: 10.11.2008
Member
with signing authority Anton Elsener,
Origin: Neuheim, Switzerland, Address: Baar/ZG, Switzerland, joint signature of
two, Appointment: 29.08.2000
Executive board
Title Name
Chief
Executive Officer Ernst
(Ernesto) Maurer (ernesto.maurer@ssm.ch)
Chief
Financial Officer Martin
Philipp Klöti
Verkaufs
Innendienst Leiter Martin Toti
(martin.toti@ssm.ch )
Chief
Development Officer Davide
Maccabruni (davide.maccabruni@ssm.ch)
Chief
Logistics Officer Christian
Widmer (christian.widmer@ssm.ch )
Financial Data SSM Group
Consolidation: consolidated (Segment)
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 85'900.0 38'600.0 81'700.0 106'900.0 104'800.0
Operating result 12'900.0 -7'300.0 100.0 11'000.0 10'300.0
Result before
minority interests 9'900.0 -8'100.0 -400.0
Capital 6'000.0 6'000.0 6'000.0 6'000.0 6'000.0
Total shareholders
equity 20'000.0 10'700.0
Total assets 59'100.0 37'200.0 33'800.0 55'800.0 52'600.0
Depreciation 400.0 400.0 400.0 400.0 400.0
Cash flow 10'300.0 -7'700.0 0.0
Investments in
tangible fixed assets 800.0 400.0 600.0 500.0 400.0
Sales per Employee 366.0 201.0 405.0 454.0 470.0
Employees at year end 235 192 202 235 223
Employees inland 146 145 138
Employees abroad 56 90 85
Financial Data Schweiter 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.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed
assets 62'820.0 73'147.0 5'653.0 7'014.0 6'022.0
Land and buildings 126'636.0 131'771.0 15'725.0 29'933.0 30'911.0
Other tangible
fixed assets 91'741.0 111'653.0 2'031.0 10'260.0 11'126.0
Tangible fixed
assets 218'377.0 243'424.0 17'756.0 40'193.0 42'037.0
Financial fixed
assets 5'286.0 3'039.0 136.0 5'516.0 5'794.0
other fixed assets 32'188.0 21'539.0 102.0 2'943.0 3'863.0
Fixed assets 318'671.0 341'149.0 23'647.0 55'666.0 57'716.0
Stocks 115'446.0 96'837.0 22'101.0 66'146.0 84'182.0
Trade accounts
receivable 133'508.0 102'774.0 33'724.0 113'567.0 95'147.0
Liquid assets 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
other trade
accounts 32'709.0 12'420.0 7'007.0 12'086.0 20'413.0
Accruals 2'645.0 1'697.0 933.0 1'578.0 2'353.0
other current
assets 310'517.0 315'701.0 604'086.0 148'213.0 101'130.0
Current assets 559'471.0 515'312.0 659'911.0 327'926.0 280'459.0
Total assets 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Capital 1'444.0 1'444.0 1'444.0 1'444.0 1'444.0
Other shareholders
funds 637'659.0 621'978.0 651'189.0 238'718.0 201'492.0
Total shareholders
equity 639'103.0 623'422.0 652'633.0 240'162.0 202'936.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 4'469.0 5'048.0 43.0 523.0 494.0
Provisions 13'799.0 16'146.0 1'501.0 2'993.0 3'513.0
Other non current
liabilities 77'505.0 74'779.0 460.0 25'366.0 25'849.0
Non current liabilities 95'773.0 95'973.0 2'004.0 28'882.0 29'856.0
short term debt
(financial debts) 3'616.0 13'420.0 44.0 13'958.0 9'110.0
Trade accounts
payable 70'901.0 47'035.0 6'448.0 35'642.0 34'274.0
Provisions 6'656.0 8'301.0 5'429.0 8'584.0 9'218.0
Accruals 48'427.0 44'464.0 8'955.0 26'534.0 29'753.0
other accounts
payable 13'666.0 23'846.0 8'045.0 29'830.0 23'028.0
other current
liabilities 68'749.0 76'611.0 22'429.0 64'948.0 61'999.0
Current
liabilities 143'266.0 137'066.0 28'921.0 114'548.0 105'383.0
Shareh. equity,
min. interests + liabilities 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Profit and loss
account
Sales 932'059.0 132'553.0 158'062.0 217'586.0 460'986.0
Reduction of
proceeds 0.0 9'817.0 10'252.0 12'139.0 26'555.0
Net sales 932'059.0 122'736.0 147'810.0 205'447.0 434'431.0
Other operating
revenue 12'257.0 685.0 461.0 292.0 -1'346.0
Operating revenue 944'316.0 123'421.0 148'271.0 205'739.0 433'085.0
Cost of goods sold 468'036.0 68'368.0 79'441.0 117'269.0 236'925.0
Gross profit 476'280.0 55'053.0 68'830.0 88'470.0 196'160.0
Other operating
expenses 408'908.0 75'440.0 71'704.0 37'183.0 158'838.0
Operating result 67'372.0 -20'387.0 -2'874.0 51'287.0 37'322.0
Interest revenues 1'265.0 3'420.0 2'729.0 955.0 1'121.0
other financial
revenues 292.0 2'456.0 2'877.0 1'354.0 4'977.0
Financial income 1'557.0 5'876.0 5'606.0 2'309.0 6'098.0
Interest expenses 1'451.0 161.0 258.0 285.0 657.0
other financial
expenses 11'412.0 6'369.0 13'171.0 1'798.0 5'492.0
Financial expenses 12'863.0 6'530.0 13'429.0 2'083.0 6'149.0
Financial result -11'306.0 -654.0 -7'823.0 226.0 -51.0
Result before
extraordinary items 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Result before
taxes 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Taxes 5'094.0 -605.0 1'195.0 1'812.0 3'857.0
Result before
minority interests 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
Cash flow
Depreciation 32'566.0 4'168.0 3'758.0 4'866.0 5'410.0
Cash flow 83'538.0 -16'268.0 -8'134.0 54'567.0 38'824.0
Cash flow from
operating activities 22'255.0 10'194.0 23'958.0 56'296.0 25'314.0
Investments in
tangible fixed assets 22'328.0 2'445.0 3'903.0 3'506.0 5'382.0
Cash flow from
investing activities -12'608.0 -250'097.0 502'900.0 7'016.0 -275.0
Cash flow from
financing activities -22'466.0 -48'715.0 -52'026.0 -6'953.0 2'181.0
Others -13'602.0 -5'944.0 -13'235.0 -174.0 -188.0
Change in
liquidity -26'421.0 -294'562.0 461'597.0 56'185.0 27'032.0
Liquidity at
beginning of the year 301'584.0 596'146.0 134'549.0 78'364.0 51'332.0
Liquidity at end
ot the year 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
Notes
Material costs 472'132.0 64'092.0 79'441.0 117'269.0 236'925.0
Cost of employees 205'252.0 45'828.0 44'519.0 48'979.0 100'637.0
Research and
Development 14'537.0 13'906.0 13'492.0 14'529.0 27'867.0
Orders received 960'878.0 175'169.0 134'733.0 217'896.0 476'970.0
Added value 295'335.0 29'116.0 37'838.0 105'643.0 143'975.0
Working Capital 178'053.0 152'576.0 49'377.0 144'071.0 145'055.0
Sales per Employee 248.9 244.5 289.8 378.4 445.6
Market
capitalisation 1'082'754.0 783'914.0 541'377.0 512'143.0 526'940.0
Gross cost land
and buildings 169'881.0 167'735.0 25'282.0 42'798.0 45'833.0
Gross cost other
tangible fixed assets 248'112.0 262'521.0 18'948.0 46'104.0 48'975.0
Gross cost total 417'993.0 430'256.0 44'230.0 88'902.0 94'808.0
Insurance value
total 250'369.0 289'066.0 37'867.0 105'210.0 121'297.0
Employees at year end 3'745 502 510 543 975
Employees average 754 535 545 994
Employees inland 158
Employees abroad 817
Ultimate Parent Company
Name: Schweiter Technologies
AG
City/Country: Horgen, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Schweiter Technologies
AG
City/Country: Horgen, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 1989)
Sisters
Name: Hacoba Spultechik GmbH
City/Country: Wuppertal, Germany/DE
Name: Ismeca Semiconductor
Holding SA
City/Country: La Chaux-de-Fonds,
Switzerland/CH
Name: SSM Vertriebs AG
City/Country: Cham, Switzerland/CH
Name: 3A Composites Holding
AG
City/Country: Cham, Switzerland/CH
Investments
Class: 100%
Name: SSM Stähle Eltex GmbH
City/Country: Reutlingen, Germany/DE
Interest: 100.00% voting right,
100.00% capital interest (since 1999)
Class: 100%
Name: SSM (Zhongshan) Ltd
City/Country: Zhongshan, China/CN
Interest: 100.00% voting right,
100.00% capital interest (since 2003)
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 considered to be good.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 1'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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.