MIRA INFORM REPORT
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Report Date : |
08.02.2012 |
IDENTIFICATION DETAILS
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Name : |
STEINEMANN TECHNOLOGY AG |
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Registered Office : |
Schoretshuebstrasse 24, P.O. Box 461, 9015
St. Gallen |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.04.1920 |
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Com. Reg. No.: |
320.3.002.885-8 / 456278 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
production and supply
of varnishing and laminating machines for the graphic industry as well as
wide belt sanders for the panel industry |
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No. of Employees
: |
200 |
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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Maximum Credit Limit : |
CHF 180'000 |
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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) |
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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 |
Company name
Steinemann Technology AG
Operating address
Schoretshuebstrasse 24
P.O. Box 461
9015 St. Gallen
Switzerland/CH
Telephone: 071
3135151
Fax: 071
3135252
Web
site: http://www.steinemann.com
E-mail: info@steinemann.com
VAT-No.: CHE101590680
Profile
Established: 1917
History: 1944: Limited company
1917: Established from Ulrich Steinmann
Line
of Business: Financial services,
Machinery
Industry
Division: Services,
Manufacturing
Industry-code (NACE): 6420 Activities of holding companies
2895 Manufacture of machinery for paper and
paperboard production
Import/Export: Export
Export
sales: 98.0%
Quality
certification: ISO 9001:2000 (since
1996)
Banks: CS Credit Suisse
UBS Ltd
Operational Figures
Coverage: Group
Figures: approximately
Employees: 200
Sales: CHF 40-60 Mio
Activity
The business activities includes the production and supply of varnishing
and laminating machines for the graphic industry as well as wide belt sanders
for the panel industry,
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 320.3.002.885-8 /
456278
Legal
form: Company limited
by shares
Registration: 19.04.1920
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen (since 17.01.1945)
Auditor: PROVIDA
Wirtschaftsprüfung AG, St. Gallen
History: Date of Statutes:
03.01.1973
Date of
Statutes: 29.12.1944
Date of
Statutes: 29.03.2011
Date of
Statutes: 23.04.1999
Date of
Statutes: 19.03.1998
Date of
Statutes: 28.02.1996
Entry Deleted Name
14.04.2011 Steinemann
Technology AG
01.03.1996 Ulrich Steinemann AG, Maschinenfabrik
01.03.1996 Ulrich Steinemann Engineering Works Ltd (Name
translated)
01.03.1996 Ulrich Steinemann SA Ateliers de constructions
mécaniques (Name translated)
05.05.1999 14.04.2011 Steinemann Technology AG, St. Gallen
01.03.1996 05.05.1999 Steinemann AG, Maschinenfabrik, St. Gallen
Entry Deleted Legal domicile
active St.
Gallen, Switzerland
Entry Deleted Address
27.12.2004 Schoretshuebstrasse
24, 9015 St. Gallen/SG, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 5'000'000, paidup CHF 5'000'000
Entry Deleted Capital Structure
14.04.2011 5'000
Registered shares of CHF 1'000.--
01.03.1996 14.04.2011 10'000 Registered shares of CHF 300.--
01.03.1996 14.04.2011 20'000 Registered shares (voting shares) of
CHF 100.--
Entry Deleted Activity (original Language)
14.04.2011 Fabrikation
von und Handel mit Maschinen, Ersatzteilen und Verbrauchsmaterialien aller Art.
Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten, sich an anderen Unternehmen im In- und Ausland beteiligen
sowie Liegenschaften erstellen oder erwerben.
14.04.2011 Fabrikation von und Handel mit Maschinen aller
Art; die Gesellschaft kann sich im In- und Ausland an anderen Unternehmungen
beteiligen, Vertretungen übernehmen, Filialen gründen und Grundeigentum,
Patente, Marken und Lizenzen erwerben, veräussern oder nutzbar machen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
14.04.2011 Reports:
Die Mitteilungen an die Aktionäre und Nutzniesser erfolgen per Brief, Telefax
oder E-mail an die im Aktienbuch verzeichneten Adressen.
01.03.1996 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
11.05.1995 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die Steinemann System AG, in
St. Gallen. Aktiven von CHF 1'438'446.20 und Passiven von CHF 438'446.20 gehen
gemäss Fusionsvertrag vom 03.05.1995 und Fusionsbilanz per 31.12.1994 durch
Universalsukzession an die Gesellschaft über, welche bereits sämtliche Aktien
der übernommenen Gesellschaft besitzt. Dabei erlöschen diese Aktien, und das
Aktienkapital der übernehmenden Gesellschaft bleibt unverändert.
01.03.1996 14.04.2011 Reports: Die Mitteilungen an die Aktionäre
erfolgen durch eingeschriebenen Brief an die dem Verwaltungsrat bekannten
Adressen.
Official Administration
Title Name
President Matthias
Schmid, Origin: Thundorf, Switzerland, Address: Mörschwil, Switzerland, joint
signature of two
Chief
Executive Christof
Stürm, Origin: Goldach, Switzerland, Address: St. Gallen/SG, Switzerland, joint
signature of two
Executive
Director Franz
Broger, Origin: Zürich, Appenzell, Switzerland, Address: Niederteufen,
Switzerland, joint signature of two
Executive
Director Max Rutz,
Origin: Buchs SG, Sevelen, Switzerland, Address: 9244 Niederuzwil /SG,
Switzerland, joint signature of two, Registered since: 31.03.2010
Management
Title Name
Member
with signing authority Thomas Räber,
Origin: St. Gallen, Switzerland, Address: Gossau/SG, Switzerland, joint
signature of two
Member
with signing authority Michael
Litscher, Origin: St. Gallen, Switzerland, Address: 9100 Herisau/AR,
Switzerland, joint signature of two, Registered since: 24.08.2010
Member
with signing authority Stephan
Rüdlinger, Origin: Nesslau-Krummenau, Switzerland, Address: St. Gallen/SG,
Switzerland, joint signature of two
Member
with signing authority Markus Müller,
Origin: Gränichen, Unterkulm, Switzerland, Address: Hunzenschwil, Switzerland,
joint signature of two, Registered since: 23.12.2011
Member
with signing authority Johann
Strobel, Origin: Uzwil, Switzerland, Address: 9403 Goldach/SG, Switzerland,
joint signature of two, Registered since: 02.02.2011
Member
with procuration Jürg
Spittler, Origin: Twann-Tüscherz, Switzerland, Address: Rumlikon, Switzerland,
joint power of attorney of two
Member
with procuration Albert
Fässler, Origin: Appenzell, Switzerland, Address: Sirnach, Switzerland, joint
power of attorney of two
Member
with procuration Michael
Schmid, Origin: Oberegg, Switzerland, Address: Goldach, Switzerland, joint power
of attorney of two
Executive board
Title Name
Chief
Executive Officer Christof
Stürm
Financial Data Stürm Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010
Number of months: 12
Currency: th.
CHF
Remarks: about
Operating revenue 145'000.0
Capital 131.0
Insurance value
total 24'000.0
Employees at year end 230
Ultimate Parent Company
Name: Stürm Holding AG
City/Country: St. Gallen, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Stürm Holding AG
City/Country: St. Gallen, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 1987)
Sisters
Name: Stürm Management GmbH
City/Country: St. Gallen, Switzerland/CH
Name: stürmsfs ag
City/Country: Goldach, Switzerland/CH
Investments
Class: 100%
Name: Steinemann (Shanghai)
Machinery Co. Ltd
City/Country: Shanghai, China/CN
Interest: 100.00% voting right,
100.00% capital interest (since 2005)
Class: 100%
Name: Steinemann Technology
Asia
City/Country: Petalingt Jaya, Malaysia/MY
Interest: 100.00% voting right,
100.00% capital interest (since 1998)
Class: 100%
Name: Steinemann Technology
do Brasil Ltd
City/Country: São Paulo, Brazil/BR
Interest: 100.00% voting right,
100.00% capital interest (since 2002)
Class: 100%
Name: Steinemann Technology
USA Inc
City/Country: Charlotte, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest (since 2000)
Legal Actions
Control date Year No. Amount CHF Status
07.12.2009 2009 0
07.12.2009 2008 0
07.12.2009 2007 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 considered to be in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
Maximum
Credit: CHF 180'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.92 |
|
UK Pound |
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.64.12 |
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 |
|
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 |
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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 |
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NB |
New Business |
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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.