MIRA INFORM REPORT
|
Report Date : |
12.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
FRITZ STUDER AG |
|
|
|
|
Registered Office : |
Thunstrasse 15, 3612 Steffisburg |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
04.06.1923 |
|
|
|
|
Com. Reg. No.: |
092.3.001.229-6 / 187559 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Development and manufacturing
of Cylindrical grinding machines |
|
|
|
|
No. of Employees
: |
530 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
Fritz Studer AG
Operating address
Thunstrasse 15
3612 Steffisburg
Switzerland/CH
Telephone: 033
4391111
Fax: 033
4391112
Web
site: http://www.studer.com
E-mail: info@studer.com
VAT-No.: CHE101956261
Profile
Established: 1912
History: 1912: Established from Fritz Studer
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2841 Manufacture of metal forming machinery
Import/Export: Export
Export
sales: 95.0%
Quality
certification: ISO 9001:2000 (since
1990)
Banks: UBS Ltd
BEKB Berner
Kantonalbank
Operational Figures
Coverage: Company
Figures: approximately
Employees: 530
Sales: CHF 200'000'000.--
Activity
The business activities are the development and manufacturing of
Cylindrical grinding machines for following sectors: Automotive, Electrics
& Electronics, Hydraulics & Pneumatics, Aerospace, Machine Tools,
Precision Engineering and Tooling.
Real Estate
Real Estate: It
is understood that the company owns certain property.
Company Register
Company
No: 092.3.001.229-6 /
187559
Legal
form: Company limited
by shares
Registration: 04.06.1923
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Bern
Auditor: Ernst & Young AG,
Zweigniederlassung Zürich
History: Date of Statutes:
16.06.1966
Date of
Statutes: 19.11.1974
Date of
Statutes: 29.01.1980
Date of
Statutes: 04.05.1993
Date of
Statutes: 13.06.1959
Date of
Incorporation Statutes: 15.03.1923
Entry Deleted Name
active Fritz
Studer AG
active Fritz
Studer Ltd (Name translated)
active Fritz
Studer SA (Name translated)
Entry Deleted Legal domicile
active Steffisburg,
Switzerland
Entry Deleted Address
30.03.2011 Thunstrasse
15, 3612 Steffisburg/BE, Switzerland/CH
30.03.2011 Glockental, 3602 Thun/BE, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500'000, paidup CHF 500'000
Entry Deleted Capital Structure
active 900
Registered shares of CHF 500.--
active 500
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
active Fabrikation
von und Handel mit Maschinen, insbesondere Werkzeugmaschinen sowie Erwerb und
Verwertung von Lizenzen in diesem Gebiet. Die Gesellschaft kann sich an
verwandte Unternehmen beteiligen und solche gründen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
24.04.2009 Merger:
Übernahme der Aktiven und Passiven der COMBITEC AG, in Biel/Bienne
(CH-073.3.000.465-0), gemäss Fusionsvertrag vom 07.04.2009 und Bilanz per
31.12.2008. Aktiven von CHF 6'316'908.64 und Passiven (Fremdkapital) von CHF
3'388'306.82 gehen auf die übernehmende Gesellschaft über. Da dieselbe
Aktionärin sämtliche Aktien der an der Fusion beteiligten Gesellschaften hält,
findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.
14.09.2004 Transfer
of Assets: Die Gesellschaft überträgt gemäss Uebertragungsvertrag vom
31.7.04/7.8.04/10.8.04/16.8.04 Aktiven von CHF 7'619'108.50 und Passiven
(Fremdkapital) von CHF 2'901'866.50 auf die Schleifring Service AG, in
Steffisburg (CH-092.3.016.535-0). Gegenleistung: CHF 4'717'242.--.
05.06.2000 Board
of directors: Streichung der statutarisch festgesetzten Anzahl der
Verwaltungsratsmitglieder, da nicht zur Eintragung gehörend.
Official Administration
Title Name
President Gustel
Baumert, Origin: Germany, Address: Wedel, Germany, single signature, Registered
since: 07.02.2003
Executive
Director Dr. Georg
Krneta, Origin: Bern, Aarburg, Switzerland, Address: Muri b. Bern/BE,
Switzerland, joint signature of two
Executive
Director Hans
Tanner, Origin: Langnau im Emmental, Switzerland, Address: Hünibach, Switzerland,
joint signature of two, Registered since: 15.07.2002
Management
Title Name
General
Manager Alfred
Werner Gaegauf, Origin: Frauenfeld, Kreuzlingen, Switzerland, Address:
Hagendorn , Switzerland, joint signature of two, Registered since: 14.03.2002
General
Manager Stephan
Nell, Origin: St. Antönien, Switzerland, Address: 3652 Hilterfingen/BE,
Switzerland, joint signature of two, Registered since: 04.11.2003
General
Manager Gerd
König, Origin: Germany, Address: 3612 Steffisburg/BE, Switzerland, joint
signature of two, Registered since: 08.05.2009
General
Manager Peter
Weber, Origin: Germany, Address: Kolsassberg , Austria, joint signature of two,
Registered since: 07.04.2011
Chairman
of the management Michael Horn, Origin:
Germany, Address: 3663 Gurzelen/BE, Switzerland, joint signature of two,
Registered since: 29.10.2007
Member
with procuration Philippe
Selot, Origin: Huttwil, Switzerland, Address: Bern/BE, Switzerland, joint power
of attorney of two
Member
with procuration Rolf Bruno
Grossenbacher, Origin: Trachselwald, Switzerland, Address: Oberhofen a.
Thunersee, Switzerland, joint power of attorney of two, Registered since:
04.03.1999
Member
with procuration Roth
Hermann, Origin: Grindelwald, Switzerland, Address: Steffisburg, Switzerland,
joint power of attorney of two
Member
with procuration Bernhard
Schober, Origin: Wattenwil, Switzerland, Address: Thun, Switzerland, joint
power of attorney of two
Member
with procuration Daniel
Huber, Origin: Sirnach, Switzerland, Address: 2537 Vauffelin/BE, Switzerland,
joint power of attorney of two, Registered since: 08.05.2009
Member
with procuration Luc Erzer,
Origin: Seewen, Switzerland, Address: 2544 Bettlach/SO, Switzerland, joint
power of attorney of two, Registered since: 04.02.2010
Member
with procuration Manfred
Gunser, Origin: Germany, Address: Steffisburg, Switzerland, joint power of
attorney of two, Registered since: 12.10.2011
Member
with procuration Antonio
Bottazzo, Origin: Italy, Address: Uetendorf, Switzerland, joint power of
attorney of two, Registered since: 30.08.2005
Member
with procuration Francesco
Buccieri, Origin: Italy, Address: Seftigen, Switzerland, joint power of
attorney of two, Registered since: 30.08.2005
Member
with procuration Philippe
Walter, Origin: France, Address: Steffisburg, Switzerland, joint power of
attorney of two, Registered since: 30.08.2005
Member
with procuration Kaspar
Schärer, Origin: Thun, Switzerland, Address: Thun/BE, Switzerland, joint power
of attorney of two, Registered since: 10.11.2008
Member
with procuration Josef
Lachat, Origin: Asuel, Switzerland, Address: Walchwil, Switzerland, joint power
of attorney of two
Member
with procuration Daniel
Martin, Origin: Chavannes-de-Bogis, Switzerland, Address: Uetendorf,
Switzerland, joint power of attorney of two
Member
with procuration Dr. Frank
Fiebelkorn, Origin: Germany, Address: 3600 Thun/BE, Switzerland, joint power of
attorney of two, Registered since: 06.07.2007
Member
with procuration Hermann
Roth, Origin: Grindelwald, Switzerland, Address: Steffisburg, Switzerland,
joint power of attorney of two
Member
with procuration Adrian
Brügger, Origin: Frutigen, Switzerland, Address: Frutigen, Switzerland, joint
power of attorney of two, Registered since: 31.05.2011
Member
with procuration Klaus
Bühlmann, Origin: Beatenberg, Switzerland, Address: Tägertschi, Switzerland,
joint power of attorney of two, Registered since: 31.05.2011
Member
with procuration John
Richard, Origin: United Kingdom, Address: Blumenstein, Switzerland, joint power
of attorney of two
Member
with procuration Wolfgang
Labus, Origin: Germany, Address: 3803 Beatenberg/BE, Switzerland, joint power
of attorney of two, Registered since: 14.07.2009
Member
with procuration Stefan
Sereinig, Origin: Germany, Address: 3629 Jaberg/BE, Switzerland, joint power of
attorney of two, Registered since: 14.07.2009
Member
with procuration Hans Ulrich
Schürch, Origin: Heimiswil, Switzerland, Address: Steffisburg, Switzerland,
joint power of attorney of two, Registered since: 12.06.2003
Member
with procuration Jürgen
Schock, Origin: Germany, Address: Einigen, Germany, joint power of attorney of
two, Registered since: 04.11.2003
Member
with procuration Albert
Inniger, Origin: Adelboden, Switzerland, Address: Steffisburg, Switzerland,
joint power of attorney of two, Registered since: 30.08.2005
Executive board
Title Name
Chief
Executive Officer Stephan
Nell
Financial Data Körber Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12
Currency: mil.
EUR mil. EUR mil. EUR mil. EUR
Operating revenue 1'697.4 1'580.2 1'805.9 1'592.0
Operating result 174.9 79.0 185.5 166.8
Result before
minority interests 113.9 71.9 163.4 106.6
Capital 170.0 170.0 170.0 170.0
Total shareholders
equity 1'189.3 1'058.0 1'031.6 870.2
Total assets 2'037.2 1'824.4 1'862.2 1'612.9
Cost of employees 572.0 568.4 573.0 537.5
Depreciation 43.6 47.0 43.6 52.5
Investments in
tangible fixed assets 40.8 51.4 53.2 38.0
Employees at year end 9'233 9'461 9'587 9'126
Ultimate Parent Company
Name: Körber AG
City/Country: Hamburg, Germany/DE
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Körber Schleifring
GmbH
City/Country: Hamburg, Germany/DE
Interest: 100.00% voting right,
100.00% capital interest
Sisters
Name: Ewag AG
City/Country: Etziken, Switzerland/CH
Name: Mägerle AG
Maschinenfabrik
City/Country: Fehraltorf, Switzerland/CH
Name: Schleifring Service AG
City/Country: Steffisburg, Switzerland/CH
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
09.11.2011 2011 0
09.11.2011 2010 0
09.11.2011 2009 0
09.11.2011 2008 0
09.11.2011 2007 0
17.12.2008 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 considered to be good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.75 |
|
UK Pound |
1 |
Rs.80.01 |
|
Euro |
1 |
Rs.65.99 |
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.