MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MASCHINENFABRIK RIETER AG |
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Registered Office : |
Klosterstrasse 20 Postfach 8406 Winterthur Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment: |
1795 |
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Com. Reg. No.: |
020.3.916.776-1 / 153459 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company develops and produces machinery and integrated systems for converting fibers and plastics into yarns, nonwovens and pellets. |
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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Maximum Credit Limit : |
CHF 1'800'000 |
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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 30, 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 |
|
Off-credit |
D |
Company name and address
Maschinenfabrik
Rieter AG
"Rieter Textile Systems"
Operating
address:
Klosterstrasse 20
Postfach
8406 Winterthur
Switzerland/CH
Telephone: 052
2087171
Fax: 052
2087100
Web
site: http://www.rieter.com
E-mail: info@rieter.com
VAT-No.: CHE105788761
Profile
Established: 1795
History: 1795: Established as J.J. Rieter Baumwoll- und
Kolonialwarenhandel
Rieter is an
industrial group based in Winterthur, Switzerland, and operating on a global
scale. Formed in 1795, the company is a leading supplier of short-staple
spinning machinery and technology components, and has the widest product range
in this industrial sector worldwide. Rieter has a presence in 9 countries with
18 manufacturing facilities and a worldwide workforce of about 4 500 employees,
some 26% of whom are based in Switzerland.
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
Banks: UBS Ltd
CS Credit
Suisse
Operational Figures
Coverage: Group
Employees: 4'000-5'999
Sales: CHF 800 Mio - 1 Bil
Activity
The company develops and produces machinery
and integrated systems for converting fibers and plastics into yarns, nonwovens
and pellets.
Real Estate
Real
Estate: The company owns
extensive property.
Company Register
Company
No: 020.3.916.776-1 /
153459
Legal
form: Company limited
by shares
Registration: 01.07.1952
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich (since 07.05.1985)
Auditor: PricewaterhouseCoopers
AG, Zürich
History: Date of Statutes:
29.04.1985
Date of
Statutes: 31.03.2009
Date of Statutes:
30.10.2008
Date of
Statutes: 10.03.2004
Date of
Statutes: 21.08.1995
Entry Deleted Name
active Maschinenfabrik
Rieter AG
active Rieter
Machine Works Ltd (Name translated)
active Ateliers
de Construction Rieter SA (Name translated)
active Fabbrica
di Macchine Rieter SA (Name translated)
active Fàbrica
de Máquinas Rieter SA (Name translated)
Entry Deleted Legal domicile
active Winterthur,
Switzerland
Entry Deleted Address
active Klosterstrasse
20, 8406 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
09.07.2004 Share
Capital CHF 8'500'000, paidup CHF 8'500'000
Entry Deleted Capital Structure
09.07.2004 85'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
20.04.2009 Die
Gesellschaft bezweckt den Betrieb einer Maschinenfabrik und Handelsunternehmung
in Winterthur und an anderen Orten, den Erwerb von und Handel mit Patenten,
Muster- und Modellrechten, Marken und anderen immateriellen Gütern, die
Erstellung von Studien über Beratung bei der Erstellung und dem Betrieb von
Anlagen und Vorgängen auf technischem Gebiet. Die Gesellschaft kann sich an
anderen Industrie- und Handelsunternehmen beteiligen sowie im In- und Ausland
Zweigniederlassungen errichten und Tochtergesellschaften gründen. Die
Gesellschaft kann Verwaltungsdienstleistungen für Dritte übernehmen. Die
Gesellschaft kann alle kommerziellen, finanziellen und anderen Tätigkeiten
ausüben, welche mit dem Zweck der Gesellschaft im Zusammenhang stehen. Sie kann
überdies anderen Gruppengesellschaften des Rieter-Konzerns Darlehen oder andere
Finanzierungen gewähren und für Verbindlichkeiten von solchen
Gruppengesellschaften Sicherheiten aller Art stellen, einschliesslich mittels
Pfandrechten an oder fiduziarischen Übereignungen von Aktiven der Gesellschaft
oder Garantien jedwelcher Art. Die Gesellschaft kann Grundstücke im In- und
Ausland erwerben, verwalten und veräussern.
20.04.2009 Betrieb einer Maschinenfabrik und
Handelsunternehmung in Winterthur und an anderen Orten, Erwerb von und Handel
mit Patenten, Muster- und Modellrechten, Marken und anderen immateriellen
Gütern, Erstellung von Studien über Beratung bei der Erstellung und dem Betrieb
von Anlagen und Vorgängen auf technischem Gebiet; kann sich an anderen
Industrie- und Handelsunternehmen beteiligen, Verwaltungsdienstleistungen für
Dritte übernehmen sowie Grundstücke erwerben, verwalten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Merger:
Uebernahm auf dem Wege der Fusion die Bertschinger Maschinenhandel AG, in
Wallisellen. Aktiven und Passiven der Bertschinger Maschinenhandel AG sind
gemäss Fusionsvertrag vom 5.1.1987 und Fusionsbilanz per 31.12.1986 im Sinne
von Art. 748 OR an die Maschinenfabrik Rieter AG übergegangen; näheres siehe
Tagebuch 11056/1987.
09.07.2004 Shares:
Bei der Kapitalherabsetzung vom 10.3.2004 wird der Nennwert der 85'000
Namenaktien zu CHF 1'000.-- auf CHF 100.-- herabgesetzt und je CHF 900.-- pro
Aktie zurückbezahlt; die Beachtung der gesetzlichen Vorschriften von Art. 734
OR wird mit öffentlicher Urkunde vom 25.5.2004 festgestellt.
29.08.1995 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
29.08.1995 Reports:
Alle Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief,
Fernschreiben, Telefax oder durch Telegramm an die im Aktienbuch verzeichneten
Adressen.
Official Administration
Title Name
President Peter Gnägi,
Origin: Schwadernau, Switzerland, Address: Stäfa, Switzerland, joint signature
of two
Executive
Director Joris
Gröflin-Liebherr, Origin: Basel, Switzerland, Address: 8000 Zürich/ZH,
Switzerland, joint signature of two, Appointment: 28.06.2011
Executive
Director Thomas
Anwander, Origin: Winterthur, Switzerland, Address: 8400 Winterthur/ZH,
Switzerland, joint signature of two
Management
Title Name
Member
of the management Reto Thom,
Origin: Susch, Switzerland, Address: Seuzach, Switzerland, joint signature of
two
Member
of the management Kurt
Schneeberger, Origin: Ochlenberg, Switzerland, Address: Seuzach, Switzerland,
joint signature of two
Member
with signing authority Thomas
Stäubli, Origin: Magden, Switzerland, Address: Magden, Switzerland, joint
signature of two, Appointment: 19.08.2011
Member
with signing authority Werner
Strasser, Origin: Nussbaumen, Winterthur, Switzerland, Address: Steckborn,
Switzerland, joint signature of two
Member
with procuration Rudolf
Härdi, Origin: Schlossrued, Switzerland, Address: 5616 Meisterschwanden/AG,
Switzerland, joint power of attorney of two, Appointment: 02.12.2009
Member
with procuration Peter
Schulz, Origin: Germany, Address: Maxhütte-Haidhof, Germany, joint power of
attorney of two, Appointment: 02.12.2009
Member
with procuration Matthias
Stüssi, Origin: Niederurnen, Switzerland, Address: 8451 Kleinandelfingen/ZH,
Switzerland, joint power of attorney of two, Appointment: 02.02.2010
Member
with procuration Cafer Tayyar
Yörüker, Origin: Winterthur, Switzerland, Address: 8602 Wangen-Brüttisellen/ZH,
Switzerland, joint power of attorney of two, Appointment: 31.03.2010
Member
with procuration Kurt
Lüttinger, Origin: Winterthur, Switzerland, Address: 8400 Winterthur/ZH,
Switzerland, joint power of attorney of two, Appointment: 24.03.2010
Member
with procuration Gerlad
Steiner, Origin: Sursee, Switzerland, Address: 8302 Kloten/ZH, Switzerland,
joint power of attorney of two, Appointment: 24.03.2010
Member
with procuration Susanne
Gygax, Origin: Thunstetten, Switzerland, Address: 8500 Frauenfeld/TG,
Switzerland, joint power of attorney of two, Appointment: 14.02.2011
Member
with procuration Reto
Starkenmann, Origin: Winterthur, Switzerland, Address: 8478 Thalheim an der
Thur/ZH, Switzerland, joint power of attorney of two, Appointment: 14.02.2011
Member
with procuration Dionys
Wanner, Origin: Zürich, Switzerland, Address: 8702 Zollikon/ZH, Switzerland,
joint power of attorney of two, Appointment: 14.02.2011
Member
with procuration Nicole
Balhuber, Origin: Zürich, Switzerland, Address: 8000 Zürich/ZH, Switzerland,
joint power of attorney of two, Appointment: 14.02.2011
Member
with procuration Björn Gunnar
Johansson, Origin: Sweden, Address: 8400 Winterthur/ZH, Switzerland, joint
power of attorney of two, Appointment: 30.11.2010
Member
with procuration Juan
Gonzalez, Origin: Spain, Address: Dägerlen, Switzerland, joint power of
attorney of two, Appointment: 30.11.2010
Member
with procuration Pascal von
Gunten, Origin: Sigriswil, Switzerland, Address: 9000 St. Gallen/SG,
Switzerland, joint power of attorney of two, Appointment: 10.08.2010
Member
with procuration Roland
Kasper, Origin: Zetzwil, Switzerland, Address: Oberenfelden, Switzerland, joint
power of attorney of two, Appointment: 18.06.2010
Member
with procuration Antonina Di
Mario, Origin: Winterthur, Switzerland, Address: 8400 Winterthur/ZH,
Switzerland, joint power of attorney of two, Appointment: 11.09.2009
Member
with procuration Peter Schär,
Origin: Wyssachen, Switzerland, Address: Hombrechtikon, Switzerland, joint
power of attorney of two, Appointment: 11.09.2009
Member
with procuration Marco
Beutler, Origin: Altstätten, Switzerland, Address: Kilchberg /ZH, Switzerland,
joint power of attorney of two, Appointment: 11.09.2009
Member
with procuration Roger
Lörtscher, Origin: Oberwil im Simmental, Switzerland, Address: Elgg,
Switzerland, joint power of attorney of two, Appointment: 29.01.2009
Member
with procuration Rolf
Zimmermann, Origin: Elsau, Switzerland, Address: Schwerzenbach, Switzerland,
joint power of attorney of two, Appointment: 29.01.2009
Member
with procuration Yves
Birchmeier, Origin: Baar, Switzerland, Address: 8400 Winterthur/ZH,
Switzerland, joint power of attorney of two
Member
with procuration Patric
Lanner, Origin: Wallisellen, Switzerland, Address: Dietlikon, Switzerland,
joint power of attorney of two
Member
with procuration Arne
Thielemann, Origin: Germany, Address: Lengwil, Switzerland, joint power of
attorney of two
Member
with procuration Marc Heim,
Origin: Thun, Switzerland, Address: Nürensdorf, Switzerland, joint power of
attorney of two, Appointment: 30.11.2010
Member
with procuration Heinz Schmid,
Origin: Waltalingen, Switzerland, Address: Wil/SG, Switzerland, joint power of
attorney of two, Appointment: 29.01.2009
Member
with procuration Nanette
Susanne Haubensak, Origin: Germany, Address: 8001 Zürich/ZH, Switzerland, joint
power of attorney of two, Appointment: 14.07.2010
Member
with procuration Andreas
Zanini, Origin: Sarmenstorf, Switzerland, Address: Embrach, Switzerland, joint
power of attorney of two
Member
with procuration Urs Tschanz,
Origin: Wichtrach, Switzerland, Address: 8239 Dörflingen/SH, Switzerland, joint
power of attorney of two, Appointment: 28.06.2011
Member
with procuration Carsten
Liske, Origin: Germany, Address: Freienbach , Switzerland, joint power of
attorney of two, Appointment: 22.10.2009
Member
with procuration Edda Walraf,
Origin: Oberhelfenschwil, Switzerland, Address: Pfäffikon/ZH, Switzerland,
joint power of attorney of two
Member
with procuration Christoph
Wäger, Origin: Adliswil, Switzerland, Address: 9100 Herisau/AR, Switzerland,
joint power of attorney of two, Appointment: 28.06.2011
Member
with procuration Peter
Müller, Origin: Rohrbach, Switzerland, Address: 8400 Winterthur/ZH,
Switzerland, joint power of attorney of two
Member
with procuration Felix
Scherrer, Origin: Zürich, Switzerland, Address: Zumikon, Switzerland, joint
power of attorney of two, Appointment: 29.08.2011
Executive board
Title Name
Chief
Executive Officer Peter
Gnägi
Chief
Financial Officer Peter
Müller
Chief
Marketing Officer Edda
Walraf
Financial Data Rieter Textile
Systems
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: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Operating revenue 812.1 496.1 1'051.7 1'566.8 1'322.2
Operating result 77.9 -73.6 -49.5 200.7 92.7
Capital 8.5 8.5 8.5 8.5 8.5
Total assets 601.7 498.7 669.3 954.9 849.0
Depreciation 39.7 46.2 52.6 49.0 43.4
Investments in
tangible fixed assets 25.8 5.5 53.2 84.1 56.1
Orders received 1'454.6 510.8 539.5 1'703.1 1'614.3
Employees at year end 4'357 4'086 4'741 5'476 5'219
Employees inland 1'339 1'338
Employees abroad 4'137 3'881
Financial Data Rieter 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 15'200.0 23'000.0 30'200.0 156'600.0 161'000.0
Land and buildings 232'400.0 264'100.0 290'500.0 337'600.0 316'800.0
Other tangible
fixed assets 373'700.0 431'900.0 495'800.0 579'800.0 550'800.0
Tangible fixed
assets 606'100.0 696'000.0 786'300.0 917'400.0 867'600.0
Financial fixed
assets 175'600.0 164'000.0 107'900.0 105'900.0 111'900.0
other fixed assets 5'300.0 3'500.0 4'900.0 12'100.0 11'500.0
Fixed assets 802'200.0 886'500.0 929'300.0 1'192'000.0 1'152'000.0
Stocks 328'400.0 266'000.0 361'300.0 510'000.0 483'000.0
Trade accounts
receivable 381'500.0 331'500.0 382'100.0 625'300.0 654'900.0
Liquid assets 351'900.0 217'700.0 282'600.0 257'500.0 298'400.0
Securities 7'100.0 13'000.0 7'700.0 114'600.0 175'900.0
other trade
accounts 86'200.0 92'400.0 125'900.0 148'000.0 120'400.0
Accruals 11'800.0 7'000.0 0.0
Other current
assets 457'000.0 330'100.0 416'200.0 520'100.0 594'700.0
Current assets 1'166'900.0 927'600.0 1'159'600.0 1'655'400.0 1'732'600.0
Total assets 1'969'100.0 1'814'100.0 2'088'900.0 2'847'400.0 2'884'600.0
Capital 23'400.0 23'400.0 21'400.0 22'300.0 22'300.0
Other shareholders
funds 533'500.0 563'800.0 668'500.0 1'287'100.0 1'298'200.0
Total shareholders
equity 556'900.0 587'200.0 689'900.0 1'309'400.0 1'320'500.0
Minority interests 70'700.0 68'600.0 56'300.0 60'100.0 54'900.0
long term debt
(financial debts) 296'300.0 140'700.0 128'800.0 47'500.0 66'800.0
Provisions 180'700.0 182'200.0 226'800.0 180'100.0 174'800.0
Other non current
liabilities 80'100.0 76'400.0 63'300.0 94'000.0 76'500.0
Non current
liabilities 557'100.0 399'300.0 418'900.0 321'600.0 318'100.0
short term debt
(financial debts) 66'200.0 81'700.0 198'300.0 180'100.0 260'200.0
Trade accounts
payable 426'700.0 226'800.0 268'500.0 446'300.0 399'900.0
Provisions 89'000.0 174'300.0 153'700.0
Accruals 104'300.0 115'700.0 113'700.0 186'200.0 183'200.0
other accounts
payable 98'200.0 160'500.0 189'600.0 343'700.0 347'800.0
other current
liabilities 291'500.0 450'500.0 457'000.0 529'900.0 531'000.0
Current
liabilities 784'400.0 759'000.0 923'800.0 1'156'300.0 1'191'100.0
Shareh. equity,
min. interests + liabilities 1'969'100.0 1'814'100.0 2'088'900.0 2'847'400.0 2'884'600.0
Profit and loss account
Sales 2'585'800.0 1'956'300.0 3'142'500.0 3'930'100.0 3'579'900.0
Reduction of
proceeds 96'400.0 73'600.0 130'600.0 147'200.0 145'200.0
Net sales 2'489'400.0 1'882'700.0 3'011'900.0 3'782'900.0 3'434'700.0
Other operating
revenue 66'100.0 -36'200.0 -40'200.0 39'900.0 12'800.0
Operating revenue 2'555'500.0 1'846'500.0 2'971'700.0 3'822'800.0 3'447'500.0
Cost of goods sold 1'213'200.0 885'100.0 1'440'800.0 1'843'800.0 1'606'100.0
Gross profit 1'342'300.0 961'400.0 1'530'900.0 1'979'000.0 1'841'400.0
Other operating
expenses 1'244'300.0 1'148'000.0 1'843'000.0 1'701'300.0 1'660'800.0
Operating result 98'000.0 -186'600.0 -312'100.0 277'700.0 180'600.0
Interest revenues 2'800.0 4'000.0 9'500.0 8'800.0 6'700.0
other financial
revenues 800.0 700.0 500.0 46'800.0 58'300.0
Financial income 3'600.0 4'700.0 10'000.0 55'600.0 65'000.0
Interest expenses 29'400.0 27'600.0 21'100.0 16'200.0 20'500.0
other financial
expenses 5'400.0 2'000.0 53'600.0 15'700.0 0.0
Financial expenses 34'800.0 29'600.0 74'700.0 31'900.0 20'500.0
Financial result -31'200.0 -24'900.0 -64'700.0 23'700.0 44'500.0
Result before
extraordinary items 66'800.0 -211'500.0 -376'800.0 301'400.0 225'100.0
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes 66'800.0 -211'500.0 -376'800.0 301'400.0 225'100.0
Taxes 25'200.0 6'000.0 19'900.0 89'900.0 67'700.0
Result before
minority interests 41'600.0 -217'500.0 -396'700.0 211'500.0 157'400.0
minority interests 15'100.0 6'400.0 9'200.0 14'300.0 10'000.0
Result for the
financial year 26'500.0 -223'900.0 -405'900.0 197'200.0 147'400.0
Cash flow
Depreciation 124'800.0 140'900.0 259'500.0 158'300.0 145'000.0
Cash flow 166'400.0 -76'600.0 -137'200.0 369'800.0 302'400.0
Cash flow from
operating activities 106'100.0 -1'600.0 57'200.0 394'900.0 252'600.0
Investments in
tangible fixed assets 98'200.0 61'700.0 140'900.0 203'500.0 186'200.0
Cash flow from
investing activities -92'500.0 -33'200.0 -35'800.0 -118'500.0 -84'900.0
Cash flow from
financing activities 129'300.0 -27'800.0 8'800.0 -309'500.0 -67'500.0
Others -8'700.0 -2'300.0 -5'100.0 -7'800.0 -300.0
Change in
liquidity 134'200.0 -64'900.0 25'100.0 -40'900.0 99'900.0
Liquidity at
beginning of the year 217'700.0 282'600.0 257'500.0 298'400.0 198'500.0
Liquidity at end
ot the year 351'900.0 217'700.0 282'600.0 257'500.0 298'400.0
Notes
Material costs 1'213'200.0 885'100.0 1'440'800.0 1'843'800.0 1'606'100.0
Cost of employees 764'700.0 693'000.0 938'200.0 1'064'000.0 1'011'700.0
Research and
Development 93'900.0 98'700.0 122'300.0 141'100.0 144'800.0
Orders received 3'170'000.0 1'935'100.0 2'561'600.0 4'066'400.0 3'793'500.0
Added value 985'700.0 650'000.0 842'000.0 1'539'900.0 1'402'300.0
Working Capital 283'200.0 370'700.0 474'900.0 689'000.0 738'000.0
Sales per Employee 194.4 147.5 212.4 244.0 231.7
Market
capitalisation 1'565'800.0 1'084'500.0 650'900.0 1'965'700.0 2'661'100.0
Gross cost land
and buildings 495'600.0 543'700.0 566'400.0 647'100.0 613'000.0
Gross cost other
tangible fixed assets 1'541'300.0 1'774'200.0 1'764'100.0 1'957'400.0 1'873'200.0
Gross cost total 2'036'900.0 2'317'900.0 2'330'500.0 2'604'500.0 2'486'200.0
Insurance value
total 1'024'200.0 1'353'400.0 1'337'900.0 1'451'100.0 1'328'300.0
Employees at year end 12'804 12'761 14'183 15'506 14'826
Employees inland 1'536 1'660 1'750 1'825 1'811
Employees abroad 11'268 11'101 12'433 13'681 13'015
Ultimate Parent Company
Name: Rieter Holding AG
City/Country: Winterthur, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Rieter Holding AG
City/Country: Winterthur, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no
investments.
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: Financial obligations are
paid promptly.
Business
development: The business trend is
considered positive.
Maximum
Credit: CHF 1'800'000.--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
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.