MIRA INFORM REPORT
|
Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
SSM VERTRIEBS AG |
|
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|
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Registered Office : |
Hinterbergstrasse 20, 6330 Cham |
|
|
|
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Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
21.05.1999 |
|
|
|
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Com. Reg. No.: |
170.3.022.879-9 / 457474 |
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|
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Legal Form : |
Company limited by shares |
|
|
|
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Line of Business : |
sales of textile machinery of the SSM group |
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|
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No. of Employees
: |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
CHF 50'000 |
|
Status : |
Small Company |
|
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
SSM Vertriebs AG
Operating address
Hinterbergstrasse 20
6330 Cham
Switzerland/CH
Telephone: 041
7661626
Fax: 041
7661610
Web
site: http://www.schweiter.ch
E-mail: info@schweiter.com
VAT-No.: CHE105139410
Profile
Established: 1999
Line
of Business: Industrial goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4664 Wholesale of machinery for the textile
industry and of sewing and knitting machines
Import/Export: Import
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Employees: 5
Sales: CHF 8-10 Mio
Activity
The business activities includes sales of textile machinery of the SSM
group.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.022.879-9 /
457474
Legal
form: Company limited
by shares
Registration: 21.05.1999
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
Auditor: Deloitte AG (
CH-020.3.908.370-9 ), Zürich
History: Date of Statutes:
03.01.2011
Date of
Incorporation Statutes: 08.03.1999
Entry Deleted Name
21.05.1999 SSM
Vertriebs AG
Entry Deleted Legal domicile
20.01.2011 Steinhausen,
Switzerland
21.05.1999 20.01.2011 Baar, Switzerland
Entry Deleted Address
20.01.2011 Hinterbergstrasse
20, 6330 Cham/ZG, Switzerland/CH
21.05.1999 20.01.2011 Neuhofstrasse 12, 6340 Baar/ZG, Switzerland/CH
Entry Deleted Capital
21.05.1999 Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
21.05.1999 1'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
21.05.1999 Handel
mit Textilmaschinen sowie Erbringen der damit zusammenhängenden
Dienstleistungen; kann Tochtergesellschaften errichten, sich an anderen
Unternehmen beteiligen sowie Grundstücke erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
20.01.2011 Reports:
Die Mitteilungen an die Aktionäre erfolgen per Brief, Fax oder E-Mail an die im
Aktienbuch verzeichneten Adressen.
21.05.1999 Publishing
authority: SHAB.
Official Administration
Title Name
President Beat
Siegrist, Origin: Vordemwald, Switzerland, Address: Herrliberg, Switzerland,
joint signature of two, Registered since: 21.05.1999
Executive
Director Dr. Heinz
O. Baumgartner, Origin: Zürich, Meilen, Switzerland, Address: Oberwil-Lieli,
Switzerland, joint signature of two, Registered since: 21.05.1999
Management
Title Name
General
Manager Ernst
Maurer, Origin: Zürich, Switzerland, Address: Elgg, Switzerland, joint
signature of two, Registered since: 23.04.2010
Member
of the management Martin Philipp
Klöti, Origin: Zürich, Switzerland, Address: 8908 Hedingen/ZH, Switzerland,
joint signature of two, Registered since: 04.11.2004
Member
with signing authority Sonja
Kälin-Walker, Origin: Einsiedeln, Gurtnellen, Switzerland, Address: 8846
Willerzell /SZ, Switzerland, joint signature of two, Registered since:
13.11.2008
Executive board
Title Name
Chief
Executive Officer Ernst
Maurer
Financial Data SSM Group
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: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 85'900.0 38'600.0 81'700.0 106'900.0 104'800.0
Operating result 12'900.0 -7'300.0 100.0 11'000.0 10'300.0
Result before
minority interests 9'900.0 -8'100.0 -400.0
Capital 6'000.0 6'000.0 6'000.0 6'000.0 6'000.0
Total shareholders
equity 20'000.0 10'700.0
Total assets 59'100.0 37'200.0 33'800.0 55'800.0 52'600.0
Depreciation 400.0 400.0 400.0 400.0 400.0
Cash flow 10'300.0 -7'700.0 0.0
Investments in
tangible fixed assets 800.0 400.0 600.0 500.0 400.0
Sales per Employee 366.0 201.0 405.0 454.0 470.0
Employees at year end 235 192 202 235 223
Employees inland 146 145 138
Employees abroad 56 90 85
Financial Data Schweiter 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 62'820.0 73'147.0 5'653.0 7'014.0 6'022.0
Land and buildings 126'636.0 131'771.0 15'725.0 29'933.0 30'911.0
Other tangible
fixed assets 91'741.0 111'653.0 2'031.0 10'260.0 11'126.0
Tangible fixed
assets 218'377.0 243'424.0 17'756.0 40'193.0 42'037.0
Financial fixed
assets 5'286.0 3'039.0 136.0 5'516.0 5'794.0
other fixed assets 32'188.0 21'539.0 102.0 2'943.0 3'863.0
Fixed assets 318'671.0 341'149.0 23'647.0 55'666.0 57'716.0
Stocks 115'446.0 96'837.0 22'101.0 66'146.0 84'182.0
Trade accounts
receivable 133'508.0 102'774.0 33'724.0 113'567.0 95'147.0
Liquid assets 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
other trade
accounts 32'709.0 12'420.0 7'007.0 12'086.0 20'413.0
Accruals 2'645.0 1'697.0 933.0 1'578.0 2'353.0
Other current
assets 310'517.0 315'701.0 604'086.0 148'213.0 101'130.0
Current assets 559'471.0 515'312.0 659'911.0 327'926.0 280'459.0
Total assets 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Capital 1'444.0 1'444.0 1'444.0 1'444.0 1'444.0
Other shareholders
funds 637'659.0 621'978.0 651'189.0 238'718.0 201'492.0
Total shareholders
equity 639'103.0 623'422.0 652'633.0 240'162.0 202'936.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 4'469.0 5'048.0 43.0 523.0 494.0
Provisions 13'799.0 16'146.0 1'501.0 2'993.0 3'513.0
Other non current
liabilities 77'505.0 74'779.0 460.0 25'366.0 25'849.0
Non current
liabilities 95'773.0 95'973.0 2'004.0 28'882.0 29'856.0
short term debt
(financial debts) 3'616.0 13'420.0 44.0 13'958.0 9'110.0
Trade accounts
payable 70'901.0 47'035.0 6'448.0 35'642.0 34'274.0
Provisions 6'656.0 8'301.0 5'429.0 8'584.0 9'218.0
Accruals 48'427.0 44'464.0 8'955.0 26'534.0 29'753.0
other accounts
payable 13'666.0 23'846.0 8'045.0 29'830.0 23'028.0
other current
liabilities 68'749.0 76'611.0 22'429.0 64'948.0 61'999.0
Current
liabilities 143'266.0 137'066.0 28'921.0 114'548.0 105'383.0
Shareh. equity,
min. interests + liabilities 878'142.0 856'461.0 683'558.0 383'592.0 338'175.0
Profit and loss
account
Sales 932'059.0 132'553.0 158'062.0 217'586.0 460'986.0
Reduction of
proceeds 0.0 9'817.0 10'252.0 12'139.0 26'555.0
Net sales 932'059.0 122'736.0 147'810.0 205'447.0 434'431.0
Other operating
revenue 12'257.0 685.0 461.0 292.0 -1'346.0
Operating revenue 944'316.0 123'421.0 148'271.0 205'739.0 433'085.0
Cost of goods sold 468'036.0 68'368.0 79'441.0 117'269.0 236'925.0
Gross profit 476'280.0 55'053.0 68'830.0 88'470.0 196'160.0
Other operating
expenses 408'908.0 75'440.0 71'704.0 37'183.0 158'838.0
Operating result 67'372.0 -20'387.0 -2'874.0 51'287.0 37'322.0
Interest revenues 1'265.0 3'420.0 2'729.0 955.0 1'121.0
other financial
revenues 292.0 2'456.0 2'877.0 1'354.0 4'977.0
Financial income 1'557.0 5'876.0 5'606.0 2'309.0 6'098.0
Interest expenses 1'451.0 161.0 258.0 285.0 657.0
other financial
expenses 11'412.0 6'369.0 13'171.0 1'798.0 5'492.0
Financial expenses 12'863.0 6'530.0 13'429.0 2'083.0 6'149.0
Financial result -11'306.0 -654.0 -7'823.0 226.0 -51.0
Result before
extraordinary items 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Result before
taxes 56'066.0 -21'041.0 -10'697.0 51'513.0 37'271.0
Taxes 5'094.0 -605.0 1'195.0 1'812.0 3'857.0
Result before
minority interests 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 50'972.0 -20'436.0 -11'892.0 49'701.0 33'414.0
Cash flow
Depreciation 32'566.0 4'168.0 3'758.0 4'866.0 5'410.0
Cash flow 83'538.0 -16'268.0 -8'134.0 54'567.0 38'824.0
Cash flow from
operating activities 22'255.0 10'194.0 23'958.0 56'296.0 25'314.0
Investments in
tangible fixed assets 22'328.0 2'445.0 3'903.0 3'506.0 5'382.0
Cash flow from
investing activities -12'608.0 -250'097.0 502'900.0 7'016.0 -275.0
Cash flow from
financing activities -22'466.0 -48'715.0 -52'026.0 -6'953.0 2'181.0
Others -13'602.0 -5'944.0 -13'235.0 -174.0 -188.0
Change in
liquidity -26'421.0 -294'562.0 461'597.0 56'185.0 27'032.0
Liquidity at
beginning of the year 301'584.0 596'146.0 134'549.0 78'364.0 51'332.0
Liquidity at end
ot the year 275'163.0 301'584.0 596'146.0 134'549.0 78'364.0
Notes
Material costs 472'132.0 64'092.0 79'441.0 117'269.0 236'925.0
Cost of employees 205'252.0 45'828.0 44'519.0 48'979.0 100'637.0
Research and
Development 14'537.0 13'906.0 13'492.0 14'529.0 27'867.0
Orders received 960'878.0 175'169.0 134'733.0 217'896.0 476'970.0
Added value 295'335.0 29'116.0 37'838.0 105'643.0 143'975.0
Working Capital 178'053.0 152'576.0 49'377.0 144'071.0 145'055.0
Sales per Employee 248.9 244.5 289.8 378.4 445.6
Market capitalisation 1'082'754.0 783'914.0 541'377.0 512'143.0 526'940.0
Gross cost land
and buildings 169'881.0 167'735.0 25'282.0 42'798.0 45'833.0
Gross cost other
tangible fixed assets 248'112.0 262'521.0 18'948.0 46'104.0 48'975.0
Gross cost total 417'993.0 430'256.0 44'230.0 88'902.0 94'808.0
Insurance value
total 250'369.0 289'066.0 37'867.0 105'210.0 121'297.0
Employees at year end 3'745 502 510 543 975
Employees average 754 535 545 994
Employees inland 158
Employees abroad 817
Ultimate Parent Company
Name: Schweiter Technologies
AG
City/Country: Horgen, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Schweiter Technologies
AG
City/Country: Horgen, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 1999)
Sisters
Name: Hacoba Spultechik GmbH
City/Country: Wuppertal, Germany/DE
Name: Ismeca Semiconductor
Holding SA
City/Country: La Chaux-de-Fonds,
Switzerland/CH
Name: SSM Schärer Schweiter
Mettler AG
City/Country: Horgen, Switzerland/CH
Name: 3A Composites Holding
AG
City/Country: Cham, Switzerland/CH
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
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
Maximum
Credit: CHF 50'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
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.