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Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
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Name : |
CCI AG |
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Registered Office : |
Werkstrasse 1 8362 Balterswil/TG |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2011 (Consolidated) |
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Date of Incorporation : |
19.02.1997 |
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Com. Reg. No.: |
020.3.019.459-9 / 393914 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines |
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No. of Employees : |
220 |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
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 |
SWITZERLAND - ECONOMIC
OVERVIEW
Switzerland is a peaceful, prosperous,
and modern market economy with low unemployment, a highly skilled labor force,
and a per capita GDP among the highest in the world. Switzerland's economy
benefits from a highly developed service sector, led by financial services, and
a manufacturing industry that specializes in high-technology, knowledge-based
production. Its economic and political stability, transparent legal system,
exceptional infrastructure, efficient capital markets, and low corporate tax
rates also make Switzerland one of the world's most competitive economies. The
Swiss have brought their economic practices largely into conformity with the
EU's, to enhance their international competitiveness, but some trade
protectionism remains, particularly for its small agricultural sector. The fate
of the Swiss economy is tightly linked to that of its neighbors in the euro
zone, which purchases half of all Swiss exports. The global financial crisis of
2008 and resulting economic downturn in 2009 stalled export demand and put
Switzerland in a recession. The Swiss National Bank (SNB) during this period
effectively implemented a zero-interest rate policy to boost the economy as
well as prevent appreciation of the franc, and Switzerland's economy recovered
in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in
neighboring euro-zone countries pose a significant risk to Switzerland's
financial stability and are driving up demand for the Swiss franc by investors
seeking a safehaven currency. The independent SNB has upheld its zero-interest
rate policy and conducted major market interventions to prevent further
appreciation of the Swiss franc, but parliamentarians have urged it to do more
to weaken the currency. The franc's strength has made Swiss exports less
competitive and weakened the country's growth outlook; GDP growth fell to 2.1%
in 2011. Switzerland has also come under increasing pressure from individual
neighboring countries, the EU, the US, and international institutions to reform
its banking secrecy laws. Consequently, the government agreed to conform to
OECD regulations on administrative assistance in tax matters, including tax
evasion. The government has renegotiated its double taxation agreements with
numerous countries, including the US, to incorporate the OECD standard, and in
2011 it reached deals with Germany and the UK to resolve outstanding issues,
particularly the possibility of imposing taxes on bank deposits held by
foreigners. These steps will have a lasting impact on Switzerland's long
history of bank secrecy.
Source
: CIA
CCI AG
Operating
address:
Werkstrasse 1
8362 Balterswil/TG
Switzerland/CH
Telephone: 052
2649500
Fax: 052
2649501
Web
site: http://www.ccivalve.com
VAT-No.: CHE108568931
Established: 1997
Line
of Business: Machinery, Electro
technology
Industry
Division: Manufacturing
Industry-code (NACE): 2814 Manufacture of other taps and valves
2811 Manufacture of engines and turbines,
except aircraft, vehicle and cycle engines
2611 Manufacture of electronic components
Import/Export: Export
Quality
certification: ISO 9001 (since 2000)
Banks: UBS Ltd
CS Credit
Suisse
Coverage: Company
Figures: approximately
Employees: 220
Sales: CHF 100-200 Mio
The company is manufacturer of severe
service control valves and hydraulic and pneumatic actuators for coal, oil,
gas, and nuclear power plants; the oil and gas-producing and hydrocarbon
industries; and pulp and paper plants worldwide.
Information on property ownership was not
available.
Company
No: 020.3.019.459-9 / 393914
Legal
form: Company limited by
shares
Registration: 19.02.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Thurgau
History: Date of Statutes:
29.09.2011
Date of
Statutes: 21.01.1998
Date of
Statutes: 10.04.1997
Date of
Incorporation Statutes: 14.02.1997
Entry Deleted Name
active CCI
AG
Entry Deleted Legal domicile
active Bichelsee-Balterswil,
Switzerland
removed Winterthur, Switzerland
Entry Deleted Address
active Itaslenstrasse
9, 8362 Balterswil/TG, Switzerland/CH
removed Im Link 11, 8404 Winterthur/ZH,
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)
active Herstellung,
Entwicklung und Verkauf von Ventilen, Komponenten und Regelungen aller Art,
insbesondere für industrielle Anwendungen, sowie Ausübung aller damit
zusammenhängender Tätigkeiten. Die Gesellschaft ist Teil eines Konzerns und
richtet ihre Geschäftstätigkeit, soweit zulässig, auf die Gruppenziele aus.
Dementsprechend kann die Gesellschaft im Interesse der Gruppe oder von
einzelnen Gruppengesellschaften (inkl. ihren direkten oder indirekten
Muttergesellschaften sowie deren oder ihren direkten oder indirekten
Tochtergesellschaften) Verträge abschliessen und insbesondere Darlehen oder
andere Finanzierungen an solche Gruppengesellschaften gewähren und für deren
Verbindlichkeiten Sicherheiten aller Art stellen, einschliesslich mittels
Pfandrechten an oder Sicherungsübereignungen und Sicherungsabtretungen von
Aktiven der Gesellschaft oder mittels Garantien jedwelcher Art, ob gegen
Entgelt oder nicht. Die Gesellschaft kann Zweigniederlassungen und
Tochtergesellschaften im In- und Ausland errichten und jede Art von Unternehmen
erwerben, halten, veräussern oder finanzieren. Sie kann Grundstücke erwerben,
halten und veräussern.
removed Herstellung, Entwicklung und Verkauf von
Ventilen, Komponenten und Regelungen aller Art, insbesondere für industrielle
Anwendungen, sowie Ausübung aller damit zusammenhängenden Tätigkeiten; kann
sich an anderen Gesellschaften beteiligen, Liegenschaften erwerben sowie
Geschäfte aller Art tätigen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Reports:
Mitteilungen erfolgen durch Brief an die im Aktienbuch eingetragenen Aktionäre.
removed Shares: Die Übertragbarkeit der Namenaktien
ist nach Massgabe der Statuten beschränkt.
removed Reports: Die Mitteilungen an die Aktionäre
erfolgen durch eingeschriebenen Brief an die letzte bekanntgegebene Adresse
oder, wenn das Gesetz nicht zwingend etwas anderes vorschreibt, durch Veröffentlichung
im Publikationsorgan.
removed Intended asset takeover: Die Gesellschaft
beabsichtigt, nach der Kapitalerhöhung vom 10.04.1997 von der Sulzer AG, in
Winterthur, und der Sulzer Thermec AG, in Winterthur, Aktiven und Passiven des
Geschäftsbereichs "Ventile und Armaturen" (Ventile, Armaturen und
Regelungen für thermische Energiesysteme sowie Service und Unterhalt von
Kernkraftwerken) inkl. das Recht zum nichtexklusiven Gebrauch der Marke und des
Namens "Sulzer" für den Geschäftsbereich "Ventile und Armaturen"
zum Preis von höchstens CHF 30'000'000.-- zu übernehmen.
Title Name
President Metin Mehmet
Gerceker, Origin: Germany, Residential address: Staad/SG, Switzerland, joint
signature of two, Registered since: 15.12.2011
Vice-President Hans-Peter Buschor,
Origin: Altstätten, Switzerland, Residential address: 8400 Winterthur /ZH,
Switzerland, joint signature of two
Director Roland
Schneider, Origin: Thalheim AG, Switzerland, Residential address: Hedingen,
Switzerland, joint signature of two, Registered since: 10.12.2012
Title Name
Company
Secretary Dr. Remigius
Fent, Origin: Hemberg, Switzerland, Residential address: Wil/SG, Switzerland,
joint power of attorney of two, Registered since: 10.12.2012
Member
with procuration Wolf-Rüdiger
Daetz, Origin: Germany, Residential address: Cham, Switzerland, joint power of
attorney of two, Registered since: 20.07.2012
Member
with procuration Ulrich Kägi,
Origin: Winterthur, Switzerland, Residential address: 8400 Winterthur /ZH,
Switzerland, joint power of attorney of two
Member
with procuration Davor Kriz,
Origin: Croatia, Residential address: Baden, Switzerland, joint power of
attorney of two
Member
with procuration Peter Victor
Katy Matton, Origin: Belgium, Residential address: Wil/SG, Switzerland, joint
power of attorney of two, Registered since: 15.12.2011
Member
with procuration Frank
Rombach, Origin: Germany, Residential address: Oehningen, Germany, joint power
of attorney of two
Member
with procuration Muriel Rouget,
Origin: France, Residential address: Winterthur, Switzerland, joint power of
attorney of two
Member
with procuration Tobias
Zieger, Origin: Germany, Residential address: Eschenz, Switzerland, joint power
of attorney of two
Title Name
Auditor Ernst
& Young AG, Residential address: Zürich, Switzerland
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12
Currency: mil.
GBP mil. GBP mil. GBP mil. GBP
Operating revenue 2'131.0 1'911.0 1'792.0 1'901.0
Operating result 314.2 309.1 201.0 209.8
Result before
minority interests 203.7 226.4 132.4 116.0
Capital 85.0 85.0 84.9 84.7
Total shareholders
equity 564.8 525.7 399.8 452.4
Total assets 1'732.8 1'623.0 1'390.7 1'611.7
Depreciation 60.0 60.0 61.5 59.5
Employees at year end 15'700 14'653 12'843 14'737
Employees inland 2'287 2'085 2'489
Employees abroad 12'366 10'758 12'248
Name: IMI Plc
City/Country: Birmingham/West Midlands, United
Kingdom/GB
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: IMI Plc
City/Country: Birmingham/West Midlands, United
Kingdom/GB
Interest: 100.00% voting right, 100.00%
capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
31.12.2011 2011 1 70.-- Paid legal actions
31.12.2011 2010 0 Legal
actions
31.12.2011 2009 0 Legal
actions
31.12.2011 2008 0 Legal
actions
31.12.2011 2007 0 Legal
actions
31.12.2006 2006 0 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.
Debt collection case:
DEC 2011: CHF 2'289.00, paid.
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 considered to be good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
|
|
1 |
Rs.88.39 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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<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.