|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
METTLER-TOLEDO AG |
|
|
|
|
Registered Office : |
Im Langacher 44, 8606
Greifensee |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1945 |
|
|
|
|
Com. Reg. No.: |
020.4.002.767-3 / 395053 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacture of instruments
and appliances for measuring, testing and navigation |
|
|
|
|
No. of Employees : |
1'000-1'999 |
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 : |
Good |
|
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 30, 2011
|
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 |
Mettler-Toledo AG
Operating address:
Im Langacher 44
8606 Greifensee
Switzerland/CH
Telephone: 044 9442211
Fax: 044 9443060
Web site: http://ch.mt.com
E-mail: info.ch@mt.com
VAT-No.: CHE105929582
Established: 1945
History: 1945: Established
from Dr. Erhard Mettler
Line of Business: Measurement and control technology
Industry Division: Manufacturing
Industry-code (NACE): 2651 Manufacture
of instruments and appliances for measuring, testing and navigation
Import/Export: Export
Quality certification: ISO 9001:2000
ISO
14001
ISO 17025
Banks: C SFB
Credit Suisse First Boston
Coverage: Company
Employees: 1'000-1'999
Sales: USD 400-600 Mio
The business activities includes
the development, production and worldwide distribution of horizontals,
instruments, tools, metrology equipment and systems, as well as computer and
network components (hardware and software) for this areas.
Real Estate: The company owns extensive property.
Company No: 020.4.002.767-3 / 395053
Legal form: Company limited by shares
Registration: 05.03.1997
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
History: Date of Statutes: 25.08.2005
Date of Statutes: 20.12.1999
Date of Statutes: 23.06.2000
Date of Statutes: 14.01.2008
Date of Statutes: 14.07.2006
Date of Statutes: 30.06.2006
Date of Incorporation Statutes:
24.02.1997
Entry Deleted Name
04.07.2006 Mettler-Toledo
AG
04.07.2006 Mettler-Toledo
Ltd. (Name translated)
04.07.2006 Mettler-Toledo
SA (Name translated)
04.07.2006 Mettler-Toledo
GmbH
Entry Deleted Legal domicile
active Greifensee,
Switzerland
Entry Deleted Address
28.07.2010 Im Langacher 44,
8606 Greifensee/ZH, Switzerland/CH
28.07.2010 Im
Langacher , 8606 Greifensee, Switzerland/CH
Entry Deleted Capital
14.01.2008 Share Capital
CHF 3'130'400, paidup CHF 3'130'400
Entry Deleted Capital Structure
14.01.2008 31'304 Registered
shares of CHF 100.--
Entry Deleted Activity (original Language)
14.01.2008 Zweck
der Gesellschaft ist die Entwicklung, Herstellung und der weltweite Vertrieb
von Waagen, Instrumenten, messtechnischen Geräten und von Systemen sowie der
mit diesen Produkten eingesetzten Informatik- und Netzwerkkomponenten (Hard-
und Software), und die Erbringung von Dienstleistungen an verbundene
Unternehmungen und an Dritte vor allem in der Form von Engineering Leistungen,
General Contracting und Informatikunterstützung. Die Gesellschaft bezweckt
zudem die Unterstützung von verbundenen Gesellschaften, insbesondere in
finanzieller Hinsicht und kann namentlich Finanzierungen für eigene oder fremde
Rechnung vornehmen sowie Darlehen an Konzerngesellschaften geben und Garantien
und Bürgschaften für Konzerngesellschaften eingehen. Die Gesellschaft kann
Liegenschaften erwerben und sich an anderen Unternehmungen beteiligen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Change
of Corporate Form: Ist auf dem Wege der Umwandlung aus der Mettler-Toledo AG,
in Greifensee, hervorgegangen. Übernimmt gemäss Umwandlungsbilanz per 31.1.1997
Aktiven von CHF 236'906'671.-- und Passiven von CHF 207'943'700.-- im Sinne von
Art. 824 ff. OR. Das Aktienkapital von CHF 2'000'000.-- wird in Stammkapital
umgewandelt.
14.01.2008 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der ordentlichen
Kapitalerhöhung vom 14.01.2008 gemäss Sacheinlagevertrag vom 17.12.2007
2'700'000 Aktien der Mettler-Toledo (M) SDN.BHD., in Shah Alam (Selangor Darul
Ehsan, Malaysia) mit einem Nominalwert von je RM 1.--, wofür 208 Namenaktien zu
CHF 100.-- ausgegeben werden.
14.07.2006 Participation
certificates: Die Namenpartizipationsscheine gewähren Vorrechte bezüglich
Dividende und Liquidationserlös gemäss Statuten.
14.07.2006 Shares:
Die Übertragbarkeit der Namenpartizipationsscheine ist nach Massgabe der
Statuten beschränkt.
14.07.2006 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
14.07.2006 gemäss Sacheinlageverträgen vom 10./12.07.2006 2'000 Aktien der
Mettler-Toledo (Gibraltar) MTCS Ltd, in Gibraltar zu nominal je CHF 1.--, 2'000
Aktien der Mettler-Toledo (Gibraltar) MTCN Ltd, in Gibraltar zu nominal je CHF
1.--, 2'000 Aktien der Mettler-Toledo (Gibraltar) MTCZ Ltd, in Gibraltar zu
nominal je CHF 1.-- sowie gemäss Sacheinlagevertrag vom 10.07.2006 2'000 Aktien
der Mettler-Toledo (Gibraltar) China Holding Ltd, in Gibraltar zu nominal je
CHF 1.--, wofür insgesamt 11'096 Namenaktien zu CHF 100.-- sowie 214
Namenpartizipationsscheine zu CHF 100.-- ausgegeben werden.
04.07.2006 Reports:
Mitteilungen an die Aktionäre erfolgen durch Brief an die im Aktienbuch
verzeichneten Adressen.
04.07.2006 Change
of Corporate Form: Die Gesellschaft mit beschränkter Haftung wird gemäss
Umwandlungsplan vom 30.06.2006 und Bilanz per 31.12.2005 mit Aktiven von CHF
210'665'128.06 (abzüglich Dividendenausschüttung von CHF 13'000'000.--) und
Passiven (Fremdkapital) von CHF 181'073'826.23 in eine Aktiengesellschaft
umgewandelt. Die Gesellschafter erhalten für ihre bisherigen Stammanteile
20'000 Aktien zu CHF 100.--.
Entry Deleted Branches
28.07.2010 Im Hackacker 15,
8902 Urdorf/ZH, Switzerland/CH (Business place)
28.07.2010 Buchbergstrasse
4, 8730 Uznach/SG, Switzerland/CH (Business place)
28.07.2010 Sonnenbergstrasse
74, 8603 Schwerzenbach/ZH, Switzerland/CH (Business place)
28.07.2010 Heuwinkelstrasse
3, 8606 Nänikon/ZH, Switzerland/CH (Business place)
Title Name
President Christian
Magloth, Origin: Widnau, Switzerland, Residential address: 5400 Baden/AG,
Switzerland, joint signature of two, Registered since: 24.01.2011
Vice-President James
Thomas Bellerjeau, Origin: United States of America, Residential address:
Erlenbach/ZH, Switzerland, joint signature of two
Executive Director Kurt
Jufer, Origin: Melchnau, Switzerland, Residential address: 8000 Zürich/ZH,
Switzerland, joint signature of two
Executive Director Thomas
Keller, Origin: Aarau, Switzerland, Residential address: 8610 Uster/ZH,
Switzerland, joint signature of two
Title Name
Member with signing authority Peter Baumann, Origin: Zürich, Hombrechtikon, Switzerland,
Residential address: 8704 Herrliberg/ZH, Switzerland, joint signature of two
Member with signing authority Britta Bellan, Origin: Winterthur, Switzerland, Residential
address: 8625 Gossau/ZH, Switzerland, joint signature of two, Registered since:
07.05.2009
Member with signing authority Elmar Büth, Origin: Germany, Residential address: 8000
Zürich/ZH, Switzerland, joint signature of two, Registered since: 08.12.2010
Member with signing authority Thomas Martin Caratsch, Origin: Santa Maria Val Müstair,
Switzerland, Residential address: 8932 Mettmenstetten/ZH, Switzerland, joint
signature of two
Member with signing authority René Lenggenhager, Origin: Ebnat-Kappel, Switzerland,
Residential address: Stäfa, Switzerland, joint signature of two
Member with signing authority Peter Leuenberger, Origin: Ursenbach, Switzerland, Residential
address: 9242 Oberuzwil/SG, Switzerland, joint signature of two
Member with signing authority Kurt Liebherr, Origin: Winterthur, Switzerland, Residential
address: Winterthur/ZH, Switzerland, joint signature of two
Member with signing authority Robert Meier, Origin: Zürich, Altbüron, Switzerland, Residential
address: 8620 Wetzikon/ZH, Switzerland, joint signature of two
Member with signing authority Andreas Meyer, Origin: Küssnacht, Switzerland, Residential
address: Zollikon, Switzerland, joint signature of two
Member with signing authority Thomas Walter Müller, Origin: Winterthur, Switzerland,
Residential address: Elsau, Switzerland, joint signature of two
Member with signing authority Christian Radloff, Origin: Oberhaallau, Switzerland, Residential
address: Niederhelfenschwil, Switzerland, joint signature of two
Member with signing authority Waldemar Rauch, Origin: Germany, Residential address: Zürich,
Switzerland, joint signature of two
Member with signing authority Doris Schilling, Origin: Germany, Residential address: Konstanz,
Germany, joint signature of two
Member with signing authority Marcel Schwyter, Origin: Innerthal, Switzerland, Residential
address: Jona, Switzerland, joint signature of two
Member with signing authority Hans-Peter von Arb, Origin: Neuendorf, Switzerland, Residential
address: Zug/ZG, Switzerland, joint signature of two
Member with procuration Dr. Petra Meuer, Origin: Germany, Residential address:
8000 Zürich/ZH, Switzerland, joint power of attorney of two, Registered since:
22.02.2010
Member with procuration Dr. Regina Schlegel, Origin: Germany, Residential
address: 8000 Zürich/ZH, Switzerland, joint power of attorney of two,
Registered since: 24.01.2011
Member with procuration Urs Widmer, Origin: Eschenbach, Egg, Switzerland,
Residential address: Egg, Switzerland, joint power of attorney of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Zürich, Switzerland
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Operating revenue 555'308.0 456'491.0 396'269.0 442'054.0 391'042.0
Operating result 113'997.0 96'568.0 82'954.0 85'363.0 81'158.0
Total assets 1'037'176.0 879'923.0 685'006.0 626'539.0 537'360.0
Depreciation 7'581.0 9'222.0 9'706.0 9'055.0 7'805.0
Investments in tangible fixed assets 8'178.0 13'212.0 5'453.0 8'477.0 7'780.0
Employees at
year end 1'500 1'670 1'600 1'650 1'550
Employees inland 1'500 1'670 1'600 1'650 1'550
Employees abroad 0 0 0 0 0
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD th.
USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
Intangible fixed assets 569'153.0 539'071.0 546'234.0 424'426.0 440'767.0
Tangible fixed assets 410'007.0 364'472.0 316'334.0 285'008.0 265'665.0
Financial fixed assets 118'899.0 95'996.0 95'688.0 0.0 0.0
other fixed assets 86'552.0 138'629.0 114'424.0 282'230.0 288'573.0
Fixed assets 1'184'611.0 1'138'168.0 1'072'680.0 991'664.0 995'005.0
Stocks 241'421.0 217'104.0 168'042.0 170'613.0 173'725.0
Trade accounts receivable 425'147.0 368'936.0 312'998.0 348'614.0 354'596.0
Liquid assets 235'601.0 447'577.0 85'031.0 78'073.0 81'222.0
other trade accounts 116'694.0 111'278.0 80'036.0 73'565.0 73'666.0
Other current assets 352'295.0 558'855.0 165'067.0 151'638.0 154'888.0
Current assets 1'018'863.0 1'144'895.0 646'107.0 670'865.0 683'209.0
Total assets 2'203'474.0 2'283'063.0 1'718'787.0 1'662'529.0 1'678'214.0
Capital 448.0 597'643.0 574'482.0 560'220.0 548'826.0
Other shareholders funds 780'689.0 173'941.0 136'656.0 -56'973.0 32'460.0
Total shareholders equity 781'137.0 771'584.0 711'138.0 503'247.0 581'286.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt (financial debts) 476'715.0 670'301.0 203'590.0 441'588.0 385'072.0
Other non current liabilities 335'778.0 298'992.0 309'384.0 290'096.0 264'083.0
Non current liabilities 812'493.0 969'293.0 512'974.0 731'684.0 649'155.0
short term debt (financial debts) 28'300.0 10'902.0 89'968.0 12'492.0 11'570.0
Trade accounts payable 168'109.0 138'105.0 103'160.0 111'442.0 127'109.0
Provisions 18'542.0 17'705.0 11'303.0
other accounts payable 394'893.0 375'474.0 290'244.0 303'664.0 309'094.0
other current liabilities 413'435.0 393'179.0 301'547.0 303'664.0 309'094.0
Current liabilities 609'844.0 542'186.0 494'675.0 427'598.0 447'773.0
Shareh. equity, min. interests + liabilities 2'203'474.0 2'283'063.0 1'718'787.0 1'662'529.0 1'678'214.0
Net sales 2'309'328.0 1'968'178.0 1'728'853.0 1'973'344.0 1'793'748.0
Operating revenue 2'309'328.0 1'968'178.0 1'728'853.0 1'973'344.0 1'793'748.0
Cost of goods sold 1'091'054.0 930'982.0 839'516.0 993'081.0 897'567.0
Gross profit 1'218'274.0 1'037'196.0 889'337.0 980'263.0 896'181.0
Other operating expenses 845'871.0 709'626.0 639'458.0 739'584.0 674'317.0
Operating result 372'403.0 327'570.0 249'879.0 240'679.0 221'864.0
Interest expenses 23'226.0 20'057.0 25'117.0
Financial expenses 23'226.0 20'057.0 25'117.0
Financial result -23'226.0 -20'057.0 -25'117.0 25'390.0 21'003.0
Result before extraordinary items 349'177.0 307'513.0 224'762.0 266'069.0 242'867.0
Extraordinary Result 0.0 0.0 0.0 0.0 0.0
Result before taxes 349'177.0 307'513.0 224'762.0 266'069.0 242'867.0
Taxes 79'684.0 75'365.0 52'169.0 63'291.0 64'360.0
Result before minority interests 269'493.0 232'148.0 172'593.0 202'778.0 178'507.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the financial year 269'493.0 232'148.0 172'593.0 202'778.0 178'507.0
Depreciation 31'689.0 14'842.0 11'844.0 10'553.0 11'682.0
Cash flow 301'182.0 246'990.0 184'437.0 213'331.0 190'189.0
Cash flow from operating activities 280'880.0 268'279.0 232'605.0 223'764.0 228'217.0
Investments in tangible fixed assets 98'500.0 73'943.0 60'041.0 61'008.0 47'545.0
Cash flow from investing activities -132'291.0 -77'015.0 -72'580.0 -48'700.0 -41'388.0
Cash flow from financing activities -360'469.0 167'923.0 -157'443.0 -179'147.0 -263'981.0
Others -96.0 3'359.0 4'376.0 934.0 7'105.0
Change in liquidity -211'976.0 362'546.0 6'958.0 -3'149.0 -70'047.0
Liquidity at beginning of the year 447'577.0 85'031.0 78'073.0 81'222.0 151'269.0
Liquidity at end ot the year 235'601.0 447'577.0 85'031.0 78'073.0 81'222.0
Research and Development 116'139.0 97'028.0 89'685.0 102'282.0 92'378.0
Added value 404'092.0 342'412.0 261'723.0 266'069.0 254'549.0
Working Capital 498'459.0 447'935.0 377'880.0 407'785.0 401'212.0
Sales per Employee 192.4 175.7 166.2 197.3 188.8
Gross cost land and buildings 249'230.0 240'616.0 228'281.0 223'143.0 223'843.0
Gross cost other tangible fixed assets 501'522.0 442'198.0 376'770.0 321'472.0 265'183.0
Gross cost total 750'752.0 682'814.0 605'051.0 544'615.0 489'026.0
Employees at
year end 12'000 11'200 10'400 10'000 9'500
Employees inland 1'600
Employees abroad 7'900
Name: Mettler-Toledo Holding AG
City/Country: Greifensee, Switzerland/CH
No. of Owner/-s: 1
Owner: The company is
domestic owned.
Class: 100%
Name: Mettler-Toledo
Holding AG
City/Country: Greifensee, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Mettler-Toledo Logistik GmbH
City/Country: Uznach, Switzerland/CH
Interest: 100.00% voting right, 100.00%
capital interest (since 26.09.2007)
Class: 100%
Name: Mettler-Toledo Logistik
International GmbH
City/Country: Uznach, Switzerland/CH
Interest: 100.00% voting right, 100.00%
capital interest (since 01.10.2007)
Class: 100%
Name: Mettler-Toledo (Schweiz) GmbH
City/Country: Greifensee, Switzerland/CH
Interest: 100.00% voting right, 100.00%
capital interest (since 24.09.2007)
Class: 100%
Name: Ohaus Europe GmbH
City/Country: Greifensee, Switzerland/CH
Interest: 100.00% voting right, 100.00%
capital interest (since 22.12.2006)
Class: 50-99%
Name: Mettler-Toledo OnLine GmbH
City/Country: Greifensee, Switzerland/CH
Interest: 99.00% voting right, 99.00% capital
interest (since 08.05.2006)
Control date Year No. Amount CHF Status
17.08.2010 2010 0
31.12.2009 2009 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.
Financial Situation: The financial situation is good.
Payment experiences: Payments are made with arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
|
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.