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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
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Name : |
WARTSILA SCHWEIZ AG |
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Registered Office : |
Zürcherstrasse 12 Postfach 414 8401 |
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Country : |
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Date of Incorporation : |
12.06.1989 |
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Com. Reg. No.: |
020.3.916.886-7 / 400462 |
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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 : |
570 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Wärtsilä Schweiz
AG
"Wärtsilä Switzerland Ltd."
Operating
address:
Zürcherstrasse 12
Postfach 414
8401 Winterthur
Switzerland/CH
Telephone: 052
2624922
Fax: 052
2620717
Web
site: http://www.wartsila.com/en_CH/Home
E-mail: mail-ch@wartsila.com
VAT-No.: CHE108762947
Established: 1989
Line
of Business: Machinery,
Financial services
Industry
Division: Manufacturing,
Services
Industry-code (NACE): 2811 Manufacture of engines and turbines,
except aircraft, vehicle and cycle engines
6420 Activities of holding companies
Import/Export: Export
Export
sales: 99.0%
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 570
Sales: CHF 200'000'000.--
The company is the centre of excellence for low-speed
2-stroke marine diesel engines. These engines are utilized for the propulsion
of all types of deep-sea ships world-wide, such as tankers, bulk carriers, car
carriers, general cargo ships and container ships right up to and including the
world’s largest cargo ships. The company continues the long tradition of the
Sulzer Diesel business which started in 1898. Wärtsilä has extensive
state-of-the-art research and training facilities at its Diesel Technology
Centre located in Oberwinterthur.
Since 2009, Wärtsilä Global Logistics
Services (WGLS) is managed from Switzerland as well and operates 24/7 –
whenever, wherever. This global Business Unit acts as Sales Enabler and is
Wärtsilä's global logistics provider for spare parts.
Information on property ownership was not
available.
Company
No: 020.3.916.886-7 /
400462
Legal
form: Company limited
by shares
Registration: 12.06.1989
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
29.10.1990
Date of
Statutes: 05.10.1990
Date of
Statutes: 19.12.2008
Date of
Statutes: 15.12.2000
Date of
Statutes: 14.09.2000
Date of
Statutes: 24.07.1997
Date of
Statutes: 25.04.1997
Entry Deleted Name
02.10.2000 (Wärtsilä
Suisse SA) (Wärtsilä Switzerland Ltd.)
22.09.2000 Wärtsilä
Schweiz AG
22.09.2000 02.10.2000 (Wärtsilä Schweiz SA) (Wärtsilä Schweiz Ltd.)
(Name translated)
23.05.1997 22.09.2000 Wärtsilä NSD Schweiz AG
23.05.1997 22.09.2000 (Wärtsilä NSD Suisse SA) (Wärtsilä NSD
Switzerland Ltd) (Name translated)
19.09.1989 23.05.1997 New Sulzer Diesel AG
19.09.1989 23.05.1997 (New Sulzer Diesel Ltd) (New Sulzer Diesel SA)
(Name translated)
30.08.1989 19.09.1989 Sulzer Diesel AG
30.08.1989 19.09.1989 (Sulzer Diesel Ltd) (Sulzer Diesel SA) (Name
translated)
23.06.1989 30.08.1989 MBS Dieselmotoren AG
23.06.1989 30.08.1989 (MBS Diesel Engines Ltd) (Name translated)
Entry Deleted Legal domicile
12.06.1989 Winterthur,
Switzerland
Entry Deleted Address
12.05.1992 Zürcherstrasse
12, 8401 Winterthur/ZH, Switzerland/CH
Entry Deleted Capital
11.12.1997 Share
Capital CHF 50'000'000, paidup CHF 50'000'000
Entry Deleted Capital Structure
27.02.2006 50'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
07.07.2009 Die
Gesellschaft bezweckt die Entwicklung, den Vertrieb, die Herstellung und den
Unterhalt von Dieselmotoren und dieselbetriebenen Anlagen. Zusätzlich erbringt
und organisiert die Gesellschaft Dienstleistungen für sich selbst und andere
Gesellschaften der Wärtsilä Gruppe im In- und Ausland. Insbesondere kann sie im
In- und Ausland Ersatzteile an Dritte oder andere Gesellschaften der Wärtsilä
Gruppe kaufen oder verkaufen, Bestellungen koordinieren, strategische und
operative Einkäufe tätigen sowie Werkstoffe aller Art verwalten, transportieren
und an Lager halten. Die Gesellschaft kann im In- und Ausland
Zweigniederlassungen errichten, sich an anderen Unternehmungen im In- und
Ausland beteiligen oder solche finanzieren, gleichartige oder verwandte
Unternehmen gründen oder erwerben. Sie kann Lizenzen vergeben, Vertretungen
übernehmen, Grundstücke erwerben und veräussern sowie alle Geschäfte tätigen
und Verträge abschliessen, die mit dem Gesellschaftszweck in Verbindung stehen.
07.07.2009 Entwicklung, Vertrieb, Herstellung und
Unterhalt von Dieselmotoren und dieselbetriebenen Anlagen; kann sich an anderen
Unternehmungen im In- und Ausland beteiligen oder solche finanzieren,
gleichartige oder verwandte Unternehmungen gründen oder erwerben sowie Lizenzen
vergeben und Vertretungen übernehmen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
27.02.2006 Shares:
Bei der Kapitalherabsetzung vom 24.02.2006 werden 50'000 Namenaktien zu CHF
1'000.-- vernichtet. Gleichzeitig werden 50'000 voll liberierte Namenaktien zu
CHF 1'000.-- ausgegeben.
11.12.1997 Shares:
Bei der Kapitalherabsetzung vom 24.7.1997 werden 50'000 Namenaktien zu CHF
1'000.-- vernichtet und zurückbezahlt; die Beachtung der gesetzlichen
Vorschriften von Art. 734 OR wird mit öffentlicher Urkunde vom 1.12.1997
festgestellt.
23.05.1997 Reports:
Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Brief an die
Aktionäre an die im Aktienbuch eingetragene Adresse.
Title Name
President Lars
Hellberg, Origin: Sweden, Residential address: Kode, Sweden, joint signature of
two
Executive
Director Jaakko-Veikko
Eskola, Origin: Finland, Residential address: Shanghai , China, joint signature
of two, Registered since: 07.07.2009
Executive
Director Stefan
Nysjö, Origin: Finland, Residential address: Petalax , Finland, joint signature
of two, Registered since: 10.11.2010
Title Name
General
Manager Dr. Martin
Wernli, Origin: Thalheim AG, Switzerland, Residential address: Zürich/ZH,
Switzerland, born: 1960, joint signature of two
Company
Secretary Perttu
Henttonen, Origin: Finland, Residential address: Winterthur/ZH, Switzerland,
born: 1971, joint signature of two
Member
with signing authority Lars Anders
Anderson, Origin: Finland, Residential address: Altikon, Switzerland, joint
signature of two
Member
with signing authority Henricus
Rumoldus Baart, Origin: Netherlands, Residential address: Elgg, Switzerland,
joint signature of two
Member
with signing authority Rolf Bützer,
Origin: Teuffenthal BE, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Member
with signing authority Wolfgang
Dunker, Origin: Winterthur, Switzerland, Residential address: Humlikon,
Switzerland, joint signature of two
Member
with signing authority Carlos
Eggart, Origin: Arbon, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two
Member
with signing authority Carsten
Eisenkrämer, Origin: Germany, Residential address: 5408 Ennetbaden/AG,
Switzerland, born: 1970, joint signature of two, Registered since: 11.03.2010
Member
with signing authority Anders
Eklund, Origin: Finland, Residential address: Langnau am Albis, Switzerland,
joint signature of two
Member
with signing authority Patrick
Frigge, Origin: Germany, Residential address: Wigoltingen, Switzerland, born:
1972, joint signature of two
Member
with signing authority Ole Pyndt
Hansen, Origin: Denmark, Residential address: Winterthur/ZH, Switzerland, joint
signature of two
Member
with signing authority Konrad Felix
Huber, Origin: Zürich, Switzerland, Residential address: 8708 Männedorf/ZH,
Switzerland, joint signature of two, Registered since: 11.03.2010
Member
with signing authority Björn Anders
Gustav Hultqvist, Origin: Sweden, Residential address: Zollikon, Switzerland,
joint signature of two, Registered since: 10.11.2010
Member
with signing authority Markus
Hummel, Origin: Gottlieben, Switzerland, Residential address: Obfelden,
Switzerland, born: 1955, joint signature of two
Member
with signing authority Klemens
Kaufmann, Origin: Wikon, Switzerland, Residential address: Niederglatt,
Switzerland, joint signature of two
Member
with signing authority Klaus-Peter
Max Kube, Origin: Germany, Residential address: Winterthur/ZH, Switzerland,
joint signature of two, Registered since: 10.11.2010
Member
with signing authority Roland Eduard
Leuthold, Origin: Germany, Residential address: Tägerwilen, Switzerland, joint
signature of two
Member
with signing authority Erkki Rahja,
Origin: Finland, Residential address: Winterthur/ZH, Switzerland, joint
signature of two
Member
with signing authority Imran
Rasheed, Origin: Pakistan, Residential address: Winterthur, Switzerland, joint
signature of two, Registered since: 06.01.2012
Member
with signing authority Dietmar Alois
Schlager, Origin: Winterthur, Switzerland, Residential address: Winterthur/ZH,
Switzerland, joint signature of two, Registered since: 10.11.2010
Member
with signing authority Claude
Gerhard Schönherr, Origin: Oberdorf BL, Switzerland, Residential address:
Wigoltingen, Switzerland, born: 1957, joint signature of two, Registered since:
10.11.2010
Member
with signing authority Daniel August
Wäger, Origin: Goldingen, Switzerland, Residential address: 8400 Winterthur/ZH,
Switzerland, born: 1964, joint signature of two, Registered since: 07.07.2009
Member
with signing authority Rudolf
Wettstein, Origin: Bassersdorf, Switzerland, Residential address: Hettlingen,
Switzerland, joint signature of two
Member
with signing authority Andreas Wiesmann,
Origin: Neunforn, Switzerland, Residential address: Neunforn, Switzerland,
joint signature of two
Title Name
Auditor KPMG AG,
Residential address: Zürich, Switzerland
Title Name
Chief
Executive Officer Dr.
Martin Wernli
Chief
Financial Officer Daniel
August Wäger
Chief
Development Officer Patrick
Frigge
Chief
Human Resources Officer Claude Gerhard
Schönherr
Chief
Business Segment Officer Carsten
Eisenkrämer
Chief
Business Segment Officer Markus Hummel
Chief
Legal Officer Perttu
Henttonen
Name: Wartsila Oyj
City/Country: Helsinki, Finland/FI
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Wartsila Oyj
City/Country: Helsinki, Finland/FI
Interest: 100.00% voting right,
100.00% capital interest (since 1997)
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
18.11.2010 2010 0
18.11.2010 2009 0
18.11.2010 2008 1 6'214.-- Opposition filed
18.11.2010 2007 0
18.11.2010 2006 1 5'744'475.-- Opposition filed
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.
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: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.