|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
PILATUS
FLUGZEUGWERKE AG |
|
|
|
|
Registered Office : |
Postfach
992 6371 Stans |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.12.1939 |
|
|
|
|
Com. Reg. No.: |
150.3.000.465-2
/ 136657 |
|
|
|
|
Legal Form : |
Company
limited by shares |
|
|
|
|
Line of Business : |
Manufacture
of air and spacecraft and related machinery |
|
|
|
|
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 – 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 |
PILATUS Flugzeugwerke AG
Operating address:
Postfach 992
6371 Stans
Switzerland/CH
Telephone: 041
6196111
Fax: 041
6109230
Web site: http://www.pilatus-aircraft.com
E-mail: info@pilatus-aircraft.com
VAT-No.: CHE105943984
Established: 1939
Line of Business: Financial services, Vehicle manufacturing
Industry Division: Services, Manufacturing
Industry-code (NACE): 6420 Activities of
holding companies
3030 Manufacture of air and spacecraft and
related machinery
Import/Export: Export
Export sales: 43.7%
Quality certification: ISO 9001 (since 2000)
ISO
14001 (since 2000)
Banks: CS
Credit Suisse
UBS
Ltd
Organisation level: Ultimate Parent
Coverage: Group
Employees: 1'000-1'999
Sales: CHF
600-800 Mio
The Company is one of
the world's leading manufacturer of single-engine turboprop aircraft and the
only Swiss company to develop, build and sell aircraft and training systems on
every continent. The company is also licensed to perform maintenance and
conversion work on various aircraft types.
Aircraft Production
2011: 87, 2010: 93, 2009: 105, 2008: 114, 2007: 115, 2006: 102, 2005: 89.
Real Estate: The
company has extensive land holdings.
Company No: 150.3.000.465-2
/ 136657
Legal form: Company
limited by shares
Registration: 19.12.1939
Legal status: active
Responsible Register: Handelsregister des Kantons Nidwalden
History: Date
of Statutes: 14.06.1976
Date
of Incorporation Statutes: 16.12.1939
Date
of Statutes: 23.09.2004
Date
of Statutes: 29.03.2001
Date
of Statutes: 05.06.1997
Entry Deleted Name
06.06.1997 PILATUS
Flugzeugwerke AG
06.06.1997 PILATUS
Constructions Aéronautiques SA (Name translated)
06.06.1997 PILATUS
Aircraft Ltd (Name translated)
06.06.1997 Pilatus Flugzeugwerke AG
06.06.1997 Pilatus Constructions
Aéronautiques SA (Name translated)
06.06.1997 Pilatus
Aircraft Ltd. (Name translated)
Entry Deleted Legal domicile
active Stans,
Switzerland
Entry Deleted Address
active Stans/NW,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 10'000'000, paidup CHF 10'000'000
Entry Deleted Capital Structure
29.03.2001 1'000'000
Registered shares of CHF 10.--
29.03.2001 10'000 Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
29.03.2001 Entwicklung,
Herstellung, Vertrieb, Unterhalt und Vermietung von Luftfahrzeugen aller Art;
kann sich an anderen Unternehmen beteiligen sowie Beteiligungen, Grundstücke
und Immaterialgüterrechte erwerben, halten, verwalten, verwerten und veräussern.
06.06.1997 Herstellung und Vertrieb von Flugzeugen und
Maschinen aller Art. Die Gesellschaft kann andere Unternehmen gründen,
Beteiligungen und Grundstücke erwerben und veräussern.
06.06.1997 29.03.2001 Entwicklung, Herstellung, Vertrieb, Unterhalt
und Vermietung von Luftfahrzeugen aller Art; kann andere Unternehmen gründen,
Beteiligungen und Grundstücke erwerben und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
29.03.2001 Reports:
Mitteilungen der Gesellschaft erfolgen schriftlich an die im Aktienbuch
eingetragenen Adressen der Aktionäre und Nutzniesser. Sofern das Gesetz nicht
zwingend etwas anderes bestimmt, kann der Verwaltungsrat Mitteilungen auch
durch einmalige Publikation im SHAB vornehmen.
06.06.1997 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
Title Name
President Oskar
J. Schwenk, Origin: Kriens, Switzerland, Residential address: Eigenthal,
Switzerland, joint signature of two
Vice-President Gratian
Anda, Origin: Zürich, Switzerland, Residential address: Zürich /ZH,
Switzerland, joint signature of two
Executive Director Gerhard Beindorff, Origin: Thun, Switzerland,
Residential address: Hilterfingen, Switzerland, joint signature of two
Executive Director Jörg F. Burkart, Origin: Mühlau, Switzerland,
Residential address: 6363 Bürgenstock /NW, Switzerland, joint signature of two,
with a Director, Registered since: 22.06.2011
Executive Director Bruno Bernhard Müller, Origin: Mettauertal,
Switzerland, Residential address: Wermatswil (Uster)/ZH, Switzerland, joint
signature of two, Restricted signatory powers, Registered since: 05.07.2012
Executive Director Peter Ruof, Origin: Germany, Residential
address: Zürich /ZH, Switzerland, joint signature of two
Title Name
Director Oskar
Bründler, Origin: Luzern, Ebikon, Switzerland, Residential address: Emmetten,
Switzerland, joint signature of two
Member with signing authority Markus Bucher, Origin: Ballwil,
Hohenrain, Switzerland, Residential address: Ballwil, Switzerland, Joint
signature of five
Member with signing authority Bruno Cervia, Origin: Buochs,
Switzerland, Residential address: 6374 Buochs/NW, Switzerland, Joint signature
of five, Registered since: 12.05.2009
Member with signing authority Daniel Geiser, Origin: Langenthal,
Switzerland, Residential address: Ennetmoos, Switzerland, Joint signature of
five
Member with signing authority Alfred (Fredy) Glarner, Origin: Meiringen,
Switzerland, Residential address: Sachseln, Switzerland, Joint signature of
five
Member with signing authority Ignaz Gretener, Origin: Cham,
Switzerland, Residential address: Zug/ZG, Switzerland, Joint signature of five
Member with signing authority Thomas Ochsenbein, Origin: Etziken,
Switzerland, Residential address: Etziken, Switzerland, joint signature of two,
Registered since: 06.09.2011
Member with signing authority Jim Roche, Origin: Ireland, Residential
address: Hergiswil/NW, Switzerland, Joint signature of five
Member with signing authority Max Zuberbühler, Origin: Luzern,
Schwellbrunn, Switzerland, Residential address: Kirens/LU, Switzerland, Joint
signature of five
Member with procuration Jürg Albert Allemann Schweizer, Origin: Welschenrohr,
Switzerland, Residential address: Dübendorf/ZH, Switzerland, joint power of
attorney of two, Registered since: 06.09.2011
Member with procuration Franz Xaver Arnold, Origin: Bürglen, Switzerland,
Residential address: Unterägeri/ZG, Switzerland, joint power of attorney of two
Member with procuration Kurt Bucher, Origin: Emmen, Switzerland, Residential
address: Schenkon, Switzerland, joint power of attorney of two
Member with procuration Christoph Büeler, Origin: Meggen, Switzerland,
Residential address: Meggen, Switzerland, joint power of attorney of two,
Registered since: 29.09.2009
Member with procuration Christopher Hans Herzog, Origin: Ennetbaden,
Switzerland, Residential address: Ennetbürgen, Switzerland, joint power of
attorney of two, Registered since: 05.07.2012
Member with procuration Markus Kälin, Origin: Einsiedeln, Switzerland,
Residential address: Ennetbürgen/LU, Switzerland, joint power of attorney of
two
Member with procuration Christoph Kehl, Origin: Balgach, Switzerland,
Residential address: Ennetbürgen, Switzerland, joint power of attorney of two
Member with procuration Hansuli (Hännes) Keller, Origin: Schongau, Zürich,
Switzerland, Residential address: Buochs, Switzerland, joint power of attorney
of two
Member with procuration Daniel Kunz, Origin: Zürich, Switzerland, Residential
address: Ebertswil/zh, Switzerland, joint power of attorney of two, Registered
since: 29.09.2009
Member with procuration Bruno Mathys, Origin: Rütschelen, Switzerland,
Residential address: Baar/ZG, Switzerland, joint power of attorney of two
Member with procuration Anton Odermatt, Origin: Dallenwil, Switzerland,
Residential address: Buochs, Switzerland, joint power of attorney of two
Member with procuration Wolfgang Tostmann, Origin: Germany, Residential
address: Ennetbürgen, Switzerland, joint power of attorney of two
Member with procuration Beat Walker, Origin: Flüelen, Switzerland, Residential
address: 6454 Flüelen/UR, Switzerland, joint power of attorney of two,
Registered since: 27.08.2010
Member with procuration Patrik Würsch, Origin: Emmetten, Switzerland,
Residential address: Beckenried, Switzerland, joint power of attorney of two
Member with procuration Othmar Ziörjen, Origin: Zweisimmen, Switzerland,
Residential address: Ennetbürgen, Switzerland, joint power of attorney of two,
Registered since: 29.09.2009
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Luzern, Switzerland
Title Name
Chief Executive Officer Oskar J. Schwenk (oschwenk@pilatus-aircraft.com)
Chief Financial Officer Oskar Bründler
Chief Production Officer Alfred (Fredy) Glarner
Chief Business Segment Officer Markus Bucher
Chief Business Segment Officer Bruno Cervia
Chief Business Segment Officer Ignaz Gretener
Chief Business Segment Officer Jim Roche
Chief Logistics Officer Max Zuberbühler
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.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 781'000.0 688'000.0 620'000.0 661'000.0 656'000.0
Operating result 108'000.0 88'000.0 78'000.0 55'000.0 59'000.0
Capital 10'000.0 10'000.0 10'000.0 10'000.0 10'000.0
Total shareholders equity 546'000.0 466'000.0 389'000.0 338'000.0
Total assets 995'000.0 849'000.0 622'000.0 585'000.0
Cash flow 123'000.0 112'000.0 82'000.0 70'100.0 67'000.0
Investments in tangible fixed assets 9'000.0 5'000.0 9'000.0 23'000.0 35'000.0
Research and Development 67'000.0 49'000.0 41'000.0 37'000.0 27'000.0
Orders received 416'000.0 355'000.0 433'000.0 988'000.0 748'000.0
Sales per Employee 493.0 466.0 485.0 478.0
Employees at
year end 1'441 1'395 1'330 1'363 1'372
Employees inland 1'356 1'313 1'246 1'281 1'294
Employees abroad 85 82 84 82 78
Owner: The
company is domestic owned.
Class: 40-49%
Name: IHAG
Holding AG
City/Country: Zürich,
Switzerland/CH
Interest: 48.00%
voting right, 48.00% capital interest (since 2001)
Class: 40-49%
Name: SOUTHFIELD
AIRCRAFT LIMITED
City/Country: Douglas,
United Kingdom/GB
Interest: 48.00%
voting right, 48.00% capital interest
Class: unknown
Name: Oskar
J. Schwenk
City/Country: Eigenthal,
Switzerland/CH
Interest: 0.00%
capital interest
Class: 100%
Name: Altenrhein
Aviation AG
City/Country: Altenrhein,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Class: 100%
Name: Pilatus
Australia Pty Ltd
City/Country: Marleston,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Pilatus
Business Aircraft Limited
City/Country: Broomfield,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 50%
Name: AIRPORT-BUOCHS
AG
City/Country: Stans,
Switzerland/CH
Interest: 50.00%
voting right, 50.00% capital interest
Class: 10-19%
Name: DTC
Dynamic Test Center AG
City/Country: Vauffelin,
Switzerland/CH
Interest: 15.00%
voting right, 15.00% capital interest
Class: unknown
Name: Micro
Center Central-Switzerland AG
City/Country: Alpnach
Dorf, Switzerland/CH
Control date Year No. Amount
CHF Status
23.01.2012 2012 0
31.12.2011 2011 0
31.12.2010 2010 1 779.-- Opposition filed
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.
23.07.2012: Qatar
Emiri Air Force selects PC-21 Training System
Pilatus Aircraft Ltd
is proud to announce that the Qatar Emiri Air Force (QEAF) has awarded a
contract to Pilatus for the procurement of a complete PC-21 Training System,
consisting of a fleet of 24 PC-21 trainer aircraft, a suite of Ground Based
Training System assets and an extensive logistics support and maintenance
package.
The QEAF selected
the PC-21 as their fixed wing basic and advanced training aircraft, after a
thorough evaluation both in Switzerland and in Qatar. The PC-21 was deemed to
be the very best aircraft and Training System of all options available on the
market today. The PC-21 will support the training of their young aviators in
the newly established Air Force Academy in Qatar. The QEAF Air Academy will
receive their first aircraft in the middle of 2014 and training will start
mid-2015. Operations will be directly supported by Pilatus under a long-term
performance based support contract.
With the Qatar Emiri
Air Force, Pilatus has added yet another new customer to the fold and we are
delighted to welcome them to the growing ranks of world class Air Forces
operating our platforms. We are also honoured by the trust placed in us to
support the QEAF in their ambitious venture through this contract award.
We look forward to
successfully developing this partnership and we will deliver and support the
best basic and advanced training aircraft in the world – the Pilatus PC-21.
Financial Situation: The financial situation is considered to be very good.
Payment experiences: Financial obligations are paid very punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.83 |
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.