MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BAUMANN FEDERN AG

 

 

Registered Office :

Speerstrasse 6, Postfach, 8630 Rüti       

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.11.1933

 

 

Com. Reg. No.:

020.3.902.836-0 / 401964

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

design, manufacture and distribution of compression springs, tension springs, wave springs, wrap springs, spiral springs, micro springs, stamping and bending parts, formed wires, copper coils, contact elements, sleeve springs, assemblies, etc.

 

 

No. of Employees :

1'000-1'999 Employees

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Baumann Federn AG

 

 

Operating address

 

Speerstrasse 6                                                               Branch:

Postfach                                                                        Fabrikstrasse

8630 Rüti                                                                       8734 Ermenswil

Switzerland/CH                                                               Switzerland/CH

 

Telephone:                    055 2868111

Fax:                             055 2868511

 

Web site:                      http://www.baumann-federn.ch

E-mail:                         info.ch@baumann-springs.com

 

VAT-No.:                      CHE102694767

 

 

Profile

 

Established:                  1886

History:                           1933:    Limited company

                                      1886:    Established from Kaspar + Heinrich Baumann

Line of Business:           Metal/steel, Financial services

Industry Division:           Manufacturing, Services

Industry-code (NACE):     2594     Manufacture of fasteners and screw machine products

                                      2550     Forging, pressing, stamping and roll-forming of metal; powder metallurgy

                                      2599     Manufacture of other fabricated metal products n.e.c.

                                      6420     Activities of holding companies

Import/Export:               Export

Export sales:                94.0%

Quality certification:       ISO 9001:2000 (since 2005)

                                    ISO 14001:2004 (since 2005)

                                    ISO/TS 16949:2002 (since 2004)

Banks:                         unknown

Organisation level:         Ultimate Parent

 

 

Operational Figures

 

Coverage:                     Group

Employees:                  1'000-1'999

Sales:                          CHF 100-200 Mio

 

 

Activity

 

The business activities of the group include the design, manufacture and distribution of compression springs, tension springs, wave springs, wrap springs, spiral springs, micro springs, stamping and bending parts, formed wires, copper coils, contact elements, sleeve springs, assemblies, etc.

 

 

Real Estate

 

Real Estate:                  It is understood that the company owns certain property.

Area:                            31'000 m2

 

 

Company Register

 

Company No:                020.3.902.836-0 / 401964

Legal form:                    Company limited by shares

Registration:                 14.11.1933

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

History:                        Date of Statutes: 08.05.1987

                                    Date of Statutes: 15.05.1997

 

Entry            Deleted   Name

12.06.1997                    Baumann Federn AG

12.06.1997                    Baumann Muelles SA (Name translated)

12.06.1997                    Baumann Springs Ltd (Name translated)

12.06.1997                    Baumann Ressorts SA (Name translated)

                    12.06.1997  Baumann & Cie. AG

                    12.06.1997  Baumann & Cie. SA (Name translated)

                    12.06.1997  Baumann & Co. Ltd (Name translated)

                    12.06.1997  Baumann & Cie SA (Name translated)

 

Entry            Deleted   Legal domicile

active                           Rüti (ZH), Switzerland

 

Entry            Deleted   Address

22.06.2010                    Speerstrasse 6, 8630 Rüti/ZH, Switzerland/CH

22.06.2010                    Postfach, 8630 Rüti/ZH, Switzerland/CH (Postal address)

                    22.06.2010  Ferrachstrasse 31, 8630 Rüti/ZH, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 4'000'000, paidup CHF 4'000'000

 

Entry            Deleted   Capital Structure

active                           4'000 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

12.06.1997                    Entwicklung, Herstellung, Vertrieb von und Handel mit Federn, Industriekomponenten, Baugruppen und Zulieferteilen; Entwicklung, Zusammenfügung und Unterhalt von Maschinen, Werkzeugen und Maschinenteilen sowie die Abwicklung aller damit direkt oder indirekt zusammenhängenden Geschäfte; kann sich an anderen Unternehmen beteiligen sowie Grundstücke erwerben, halten und veräussern.

                    12.06.1997  Betrieb einer Federnfabrik und einer mechanischen Werkstätte. Die Gesellschaft kann Liegenschaften und Unternehmungen erwerben oder sich an anderen Unternehmungen beteiligen.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

29.06.2001                    Business place (-s): Fabrikstrasse, 8734 Ermenswil.

12.06.1997                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

12.06.1997                    Reports: Mitteilungen an die Aktionäre erfolgen durch Brief an die im Aktienbuch verzeichneten Adressen.

 

 

Official Administration

 

Title                                           Name

President                                    Hans Rudolf Rüegg, Origin: Rüti ZH, Switzerland, Residential address: Rüti/ZH, Switzerland, joint signature of two

Chief Executive                           Thomas Hans Rüegg, Origin: Rüti ZH, Switzerland, Residential address: 8630 Rüti/ZH, Switzerland, joint signature of two

Executive Director                       Bruno Basler, Origin: Thalheim an der Thur, Switzerland, Residential address: 8478 Thalheim an der Thur/ZH, Switzerland, joint signature of two, Registered since: 22.06.2010

Executive Director                       Stephan Häringer, Origin: Zürich, Switzerland, Residential address: Zumikon /ZH, Switzerland, joint signature of two

Executive Director                       Guido Patroncini-Hemmeler, Origin: Uster, Switzerland, Residential address: Windisch/AG, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Director                                      Hansjürg Hartmann, Origin: Konolfingen, Switzerland, Residential address: 8630 Rüti /ZH, Switzerland, joint signature of two

Director                                      Andreas Hohl, Origin: Wolfhalden, Switzerland, Residential address: Rüti/Zh, Switzerland, joint signature of two

Director                                      Marco Samà, Origin: Gossau ZH, Switzerland, Residential address: Maur, Switzerland, joint signature of two, Registered since: 19.06.2012

Director                                      Oliver Schmid, Origin: Basadingen-Schlattingen, Switzerland, Residential address: 8640 Rapperswil-Jona/SG, Switzerland, joint signature of two

Vice-Director                               Jorge Betran Ballarin, Origin: Spain, Residential address: Rapperswil-Jona, Switzerland, joint signature of two, Registered since: 22.11.2011

Vice-Director                               Hugo Hinder, Origin: Rieden, Switzerland, Residential address: Wald/ZH, Switzerland, joint signature of two

Vice-Director                               Daniel Kluser, Origin: Oberriet, Switzerland, Residential address: Rüti/ZH, Switzerland, joint signature of two

Vice-Director                               Arndt Koch, Origin: Germany, Residential address: Dürnten, Switzerland, joint signature of two, Registered since: 19.06.2012

Member with procuration              Peter Ammann, Origin: Rapperswil, Switzerland, Residential address: Rapperswil /SG, Switzerland, joint power of attorney of two

Member with procuration              Kurt Andermatt, Origin: Baar, Rüti ZH, Switzerland, Residential address: 8630 Rüti /ZH, Switzerland, joint power of attorney of two, Registered since: 17.02.2011

Member with procuration              Werner Bisquolm, Origin: Disentis/Mustér, Switzerland, Residential address: Schübelbach, Switzerland, joint power of attorney of two

Member with procuration              Luigi Boccadamo, Origin: Dürnten, Switzerland, Residential address: 8635 Dürnten/ZH, Switzerland, joint power of attorney of two

Member with procuration              Erich Brändli, Origin: Eschenbach SG, Switzerland, Residential address: 8733 Eschenbach /SG, Switzerland, joint power of attorney of two, Registered since: 17.02.2011

Member with procuration              Urs Gebauer, Origin: Zürich, Oberglatt, Switzerland, Residential address: Gossau/ZH, Switzerland, joint power of attorney of two

Member with procuration              Roland Hess, Origin: Wald, Switzerland, Residential address: Fischenthal, Switzerland, joint power of attorney of two

Member with procuration              Sandro Krebs, Origin: Rüeggisberg, Switzerland, Residential address: 8608 Bubikon/ZH, Switzerland, joint power of attorney of two, Registered since: 17.02.2011

Member with procuration              Beat Naumann, Origin: Othmarsingen, Switzerland, Residential address: Eschenbach, Switzerland, joint power of attorney of two

Member with procuration              Roland Preisig, Origin: Schwellbrunn, Switzerland, Residential address: Rüti/ZH, Switzerland, joint power of attorney of two

Member with procuration              David Kurt Widmer, Origin: Heimiswil, Switzerland, Residential address: Zürich/ZH, Switzerland, joint power of attorney of two, Registered since: 19.06.2012

 

 

External Positions

 

Title                                           Name

Auditor                                       PricewaterhouseCoopers AG, Residential address: Winterthur, Switzerland

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Hans Rudolf Rüegg

Deputy Chief Executive Officer      Thomas Hans Rüegg

Chief Sales Officer                       Daniel Kluser

Chief Production Officer                Andreas Hohl

Chief Business Segment Officer    Hansjürg Hartmann

 

 

Financial Data Baumann Springs Group

 

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2010        31.12.2009

Number of months:                                       12                    12

Currency:                                                 th. CHF             th. CHF

Remarks:                                                   about                about

 

Operating revenue                                      193'500.0          200'000.0

Capital                                                          4'000.0              4'000.0

Investments in tangible fixed assets                9'400.0

 

Employees  at year end                                    1'265                1'100

 

 

Owner/-s

 

Owner:                         The company is in family ownership.

 

Class:                          50-99%

Name:                          Fam. Rüegg

City/Country:                 Zollikerberg, Switzerland/CH

 

 

Investments

 

Class:                          100%

Name:                          Bamatec AG

City/Country:                 Ermenswil, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann GmbH

City/Country:                 Lichtenstein, Germany/DE

Interest:                        100.00% voting right, 100.00% capital interest (since 1964)

 

Class:                          100%

Name:                          Baumann Muelles SA

City/Country:                 Legutiano, Spain/ES

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann Ressorts SAS

City/Country:                 Cranves Sales, France/FR

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann Spring Co (S) Pte Ltd

City/Country:                 Singapore, Singapore/SG

Interest:                        100.00% voting right, 100.00% capital interest (since 1979)

 

Class:                          100%

Name:                          Baumann Springs Leon S.de RL de CV

City/Country:                 Leon, Mexico/MX

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann Springs (Shanghai) Co Ltd

City/Country:                 Shanghai, China/CN

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann Springs s.r.o.

City/Country:                 Karvina, Czech/CZ

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Baumann Springs USA Inc

City/Country:                 Charlotte, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest (since 1979)

 

Class:                          50-99%

Name:                          Prodotti Baumann SpA

City/Country:                 Cortine di Nave, Italy/IT

Interest:                        70.00% voting right, 70.00% capital interest (since 1946)

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

23.01.2009          2009                           0

23.01.2009          2008                           0

23.01.2009          2007                           0

03.04.2006          2006                           0

03.04.2006          2005                           0

03.04.2006          2004                           0

03.04.2006          2003                           0

03.04.2006          2002                           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 Situation:        The financial situation is considered to be good.

 

Payment experiences:   Financial obligations are met in an orderly manner.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.