MIRA INFORM REPORT
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Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIEBHERR-EXPORT AG |
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Registered Office : |
General Guisan-Strasse 14, 5415 Nussbaumen |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.06.173 |
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Com. Reg. No.: |
400.3.000.784-2 / 107559 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trading in construction and machine tools of the
Liebherr Group. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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
Liebherr-Export AG
Operating address
General Guisan-Strasse 14
5415 Nussbaumen
Switzerland/CH
Telephone: 056
2961111
Fax: 056
2963900
Web
site: http://www.liebherr.com
E-mail: info@liebherr.com
VAT-No.: CHE107102955
Profile
Established: 1963
Line
of Business: Consumer goods
wholesale, Industrial goods wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4649 Wholesale of other household goods
4663 Wholesale of mining, construction and civil
engineering machinery
4661 Wholesale of agricultural machinery,
equipment and supplies
Import/Export: Import, Export
Banks: UBS Ltd
Operational Figures
Coverage: Company
Figures: estimated
Employees: 150
Sales: CHF 100-200 Mio
Activity
The business activities includes trading in construction and machine
tools of the Liebherr Group.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 400.3.000.784-2 /
107559
Legal
form: Company limited
by shares
Registration: 27.06.1973
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Aargau
Auditor: Honold Treuhand AG,
Zürich
History: Date of Statutes:
25.06.1973
Date of
Statutes: 29.12.1983
Date of
Statutes: 30.06.1997
Entry Deleted Name
active Liebherr-Export
AG
active Liebherr-Export
Ltd (Name translated)
active Liebherr-Export
SA (Name translated)
Entry Deleted Legal domicile
active Obersiggenthal,
Switzerland
Entry Deleted Address
active General
Guisan-Strasse 14, 5415 Nussbaumen, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 10'000'000, paidup CHF 10'000'000
Entry Deleted Capital Structure
active 10'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
12.02.1998 Kauf
und Verkauf von, Handel mit sowie speziell Export von Waren aller Art,
insbesondere Erzeugnissen der Liebherr-Konzerngesellschaften; die Gesellschaft
kann Beteiligungen an Unternehmungen aller Art sowie Grundstücke im In- und
Ausland erwerben, verwalten und veräussern und Zweigniederlassungen im In- und
Ausland errichten.
12.02.1998 Kauf, Verkauf, Handel mit sowie speziell
Export von Waren aller Art, insbesondere der durch die Liebherr
Konzerngesellschaften hergestellten Erzeugnisse. Ein allfälliger „kann Zweck“
ist aus den Statuten zu erntnehmen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
12.02.1998 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
12.02.1998 Reports:
Mitteilungen an die Aktionäre erfolgen, soweit nicht das Gesetz etwas anderes
vorsieht, schriftlich an die im Aktienbuch aufgeführten Adressen.
12.02.1998 Contribution
in kind/Asset takeover: Aktiven und Passiven gemäss Sacheinlagevertrag vom
29.9.1975 und Uebernahmebilanz per 31.8.1975 der
"Liebherr-Vertriebs-GmbH", in Obersiggenthal (SK XXII 228). Vom
Uebernahmepreis wurden CHF 1'400'000.-- als Sacheinlage angerechnet.
Official Administration
Title Name
President Willi
Liebherr, Origin: Obersiggenthal, Switzerland, Address: Obersiggenthal,
Switzerland, single signature
Executive
Director Isolde
Liebherr, Origin: Germany, Address: Bulle, Switzerland, joint signature of two,
Appointment: 13.03.2000
Executive
Director Dr. Beat M.
Fenner, Origin: Zürich, Switzerland, Address: Zumikon, Switzerland, joint
signature of two, Appointment: 25.09.2000
Management
Title Name
Director Rudolf
Arnold, Origin: Germany, Address: München, Germany, joint signature of two,
Appointment: 15.08.2006
Director Martin
Stein, Origin: Germany, Address: Waldshut-Tiengen, Germany, joint signature of
two, Appointment: 05.04.2001
Director Steffen
Nagel, Origin: Germany, Address: Islisberg, Switzerland, joint signature of
two, Appointment: 12.03.2002
Vice-Director Wolfgang Reim,
Origin: Germany, Address: Obersiggenthal, Switzerland, joint signature of two,
Appointment: 03.11.2003
Member
with procuration Roland
Henseler, Origin: Udligenswil, Switzerland, Address: Zufikon, Switzerland,
joint power of attorney of two, Appointment: 15.07.2002
Member
with procuration Kai
Friedrich, Origin: Germany, Address: Waldshut-Tiengen, Germany, joint power of
attorney of two, Appointment: 17.04.2008
Member
with procuration René
Scherer, Origin: Obersiggenthal, Switzerland, Address: Fislisbach, Switzerland,
joint power of attorney of two, Appointment: 12.03.2002
Member
with procuration Markus
Müller, Origin: Germany, Address: Lauchringen , Germany, joint power of
attorney of two, Appointment: 02.02.2010
Member
with procuration Axel
Dölcken, Origin: Germany, Address: Breisach am Rhein, Germany, joint power of
attorney of two, Appointment: 02.02.2010
Member
with procuration Rudolf Conz,
Origin: Villigen, Switzerland, Address: Wettingen/AG, Switzerland, joint power
of attorney of two, Appointment: 05.04.2001
Executive board
Title Name
Chief
Executive Officer Steffen
Nagel
Chief
Financial & Human Resources Officer Martin
Stein
Chief
Business Segment Officer Rudolf Arnold
Financial Data Liebherr
International
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.
EUR th. EUR th. EUR th. EUR th.
EUR
Statement norm: IAS IAS IAS IAS ARR
Balance Sheet
Intangible fixed
assets 18'752.8 16'898.4 20'465.7
Land and buildings 1'140'677.2 989'588.9 868'360.7 605'750.8 526'247.2
Other tangible
fixed assets 1'633'023.6 1'625'746.5 1'543'648.1 800'834.1 591'437.8
Tangible fixed
assets 2'773'700.8 2'615'335.4 2'412'008.8 1'406'584.9 1'117'685.0
Financial fixed
assets 169'594.3 151'061.7 129'802.1 59'805.9 69'433.7
other fixed assets 8'801.1 2'388.4
Fixed assets 2'962'047.9 2'783'295.5 2'562'276.6 1'475'191.9 1'189'507.1
Stocks 2'608'505.0 2'394'430.6 2'571'475.3 1'790'206.5 1'395'825.8
Trade accounts
receivable 1'244'736.1 1'094'053.0 1'361'388.5 1'114'001.7 1'035'215.9
Liquid assets 1'207'936.7 1'099'754.5 986'447.0 873'831.9 763'370.7
Securities 1'038'825.7 1'008'403.3 802'340.0 656'626.4 730'049.7
other trade
accounts 550'196.6 464'603.7 509'287.0 210'933.1 187'779.8
Accruals 12'965.4 11'173.3 14'918.2 12'111.6 8'435.1
Other current
assets 2'809'924.4 2'583'934.8 2'312'992.2 1'753'503.0 1'689'635.3
Current assets 6'663'165.5 6'072'418.4 6'245'856.0 4'657'711.2 4'120'677.0
Total assets 9'625'213.4 8'855'713.9 8'808'132.6 6'132'903.1 5'310'184.1
Capital 62'000.0 62'000.0 62'000.0 60'000.0 62'000.0
Other shareholders
funds 5'483'820.0 4'890'691.9 4'511'966.6 3'069'136.3 2'606'128.6
Total shareholders
equity 5'545'820.0 4'952'691.9 4'573'966.6 3'129'136.3 2'668'128.6
Minority interests 10'797.6 3'107.3 3'228.8
long term debt
(financial debts) 931'190.4 762'981.8 747'736.8
Provisions 445'012.5 431'833.1 424'257.5 1'081'085.4 1'045'335.1
Other non current
liabilities 240'411.0 255'849.3 230'954.0
Non current
liabilities 1'616'613.9 1'450'664.2 1'402'948.3 1'081'085.4 1'045'335.1
short term debt
(financial debts) 555'285.0 760'917.5 648'404.0 780'920.2 617'292.3
Trade accounts
payable 908'669.4 845'030.3 1'218'107.5 812'630.1 682'808.8
Provisions 526'119.7 427'733.8 426'457.6
Accruals 15'963.7 13'575.6 14'264.7 22'099.7 25'369.0
other accounts
payable 445'944.1 401'993.3 520'755.1 307'031.4 271'250.3
other current liabilities 988'027.5 843'302.7 961'477.4 329'131.1 296'619.3
Current
liabilities 2'451'981.9 2'449'250.5 2'827'988.9 1'922'681.4 1'596'720.4
Shareh. equity,
min. interests + liabilities 9'625'213.4 8'855'713.9 8'808'132.6 6'132'903.1 5'310'184.1
Profit and loss
account
Sales 7'587'070.6 6'961'114.9 8'407'609.0
Reduction of
proceeds -54'250.7 72'321.5 -217'514.0
Net sales 7'641'321.3 6'888'793.4 8'625'123.0 7'491'190.4 6'473'037.8
Other operating
revenue 370'367.9 351'471.8 286'653.8 751'604.1 506'687.1
Operating revenue 8'011'689.2 7'240'265.2 8'911'776.8 8'242'794.5 6'979'724.9
Cost of goods sold 4'085'094.6 3'739'852.2 4'766'981.2 4'418'693.7 3'718'829.4
Gross profit 3'926'594.6 3'500'413.0 4'144'795.6 3'824'100.8 3'260'895.5
Other operating
expenses 3'321'228.0 3'069'040.2 3'228'266.9 3'203'143.5 2'513'158.8
Operating result 605'366.6 431'372.8 916'528.7 620'957.3 747'736.7
Financial income 468'869.2 492'875.1 376'578.0 50'843.3 44'988.9
Financial expenses 416'089.0 374'060.7 687'321.7 59'052.8 36'658.8
Financial result 52'780.2 118'814.4 -310'743.7 -8'209.5 8'330.1
Result before
extraordinary items 658'146.8 550'187.2 605'785.0 612'747.8 756'066.8
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 658'146.8 550'187.2 605'785.0 612'747.8 756'066.8
Taxes 163'960.4 162'225.7 249'160.7 27'812.1 254'747.4
Result before
minority interests 494'186.4 387'961.5 356'624.3 584'935.7 501'319.4
minority interests 3'537.0 -82.7 105.2 0.0 0.0
Result for the
financial year 490'649.4 388'044.2 356'519.1 584'935.7 501'319.4
Cash flow
Depreciation 348'355.1 333'307.4 303'956.0 216'524.1 190'200.0
Cash flow 842'541.5 721'268.9 660'580.3 801'459.8 691'519.4
Cash flow from operating
activities 515'273.0 689'389.0 189'418.0 416'500.0 407'100.0
Investments in
tangible fixed assets 349'791.0 636'400.0 914'900.0 715'500.0 409'600.0
Cash flow from
investing activities -352'563.0 -628'900.0 -535'340.0 -464'500.0 -376'400.0
Cash flow from
financing activities -103'213.0 45'808.0 371'938.0 169'900.0 121'400.0
Others 48'686.0 7'010.0 34'665.0 -11'500.0 -8'300.0
Change in
liquidity 108'183.0 113'307.0 60'681.0 110'400.0 143'800.0
Liquidity at
beginning of the year 1'099'754.0 986'447.0 925'766.0 763'400.0 619'600.0
Liquidity at end
ot the year 1'207'937.0 1'099'754.0 986'447.0 873'800.0 763'400.0
Notes
Material costs 3'777'184.5 3'492'511.8 4'475'962.2 4'418'693.7 3'718'829.4
Cost of employees 1'285'935.9 1'508'590.6 1'515'238.0 1'117'106.4 1'007'063.7
Added value 2'292'437.8 2'392'085.2 2'424'979.0 1'946'378.3 1'953'330.5
Working Capital 2'944'571.7 2'643'453.3 2'714'756.3 2'091'578.1 1'748'232.9
Sales per Employee 230.1 214.7 264.6 252.6 245.8
Gross cost land
and buildings 1'662'350.0 1'444'796.0 1'263'836.0 605'751.0 889'263.0
Gross cost other
tangible fixed assets 3'233'310.0 3'055'924.0 2'845'917.0 800'834.0 1'699'194.0
Gross cost total 4'895'660.0 4'500'720.0 4'109'753.0 1'406'585.0 2'588'457.0
Employees at year end 32'979 32'091 32'600 29'660 26'337
Employees inland 1'055 1'007 998 957 932
Employees abroad 31'924 31'084 31'602 28'703 25'405
Ultimate Parent Company
Name: LIEBHERR-INTERNATIONAL
S.A.
City/Country: Bulle, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: LIEBHERR-INTERNATIONAL
S.A.
City/Country: Bulle, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
22.05.2009 2009 0
22.05.2009 2008 0
22.05.2009 2007 0
22.05.2009 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 good.
Payment
experiences: Financial obligations are
paid promptly.
Maximum
Credit: CHF 3'000'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
UK Pound |
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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.