MIRA INFORM REPORT
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Report Date : |
30.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LUWA AIR ENGINEERING AG |
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Registered Office : |
Weiherallee 11 A, 8610 Uster |
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Country : |
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Date of Incorporation : |
20.12.2004 |
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Com. Reg. No.: |
020.3.028.340-1 / 777650 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
manufacture and construction of systems for Air
Conditioning & Controls, Heat recovery systems, Filtration & Waste
Handling and Air cleaning systems |
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No. of Employees
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100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 200'000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Switzerland |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Luwa Air Engineering AG
Weiherallee 11 a
8610 Uster
Switzerland/CH
Telephone: 044
9431100
Fax: 044
9431101
Web site: http://www.luwa.com
E-mail: info@luwa.com
VAT-No.: CHE112154099
Established: 1935
History: 1935: Established from Hans C. Bechtler + Walter
A. Bechtler
Line of Business: Engineering/Architecture, Machinery
Industry Division: Services, Manufacturing
Industry-code (NACE): 7112 Engineering
activities and related technical consultancy
2825 Manufacture of non-domestic cooling and
ventilation equipment
Import/Export: Export
Export sales: 65.0%
Quality certification: ISO 9001
Banks: UBS
Ltd
Coverage: Company
Figures: estimated
Employees: 100
Sales: CHF
20-40 Mio
The business activities
includes the manufacture and construction of systems for Air Conditioning &
Controls, Heat recovery systems, Filtration & Waste Handling and Air
cleaning systems.
Information on property
ownership was not available.
Company No: 020.3.028.340-1
/ 777650
Legal form: Company
limited by shares
Registration: 20.12.2004
Legal status: active
Responsible Register: Handelsregister des Kantons Zürich
Auditor: BDO
AG (CH-020.3.927.906-5), Zürich
History: Date
of Statutes: 18.07.2007
Date
of Statutes: 12.06.2006
Date
of Statutes: 01.12.2005
Date
of Incorporation Statutes: 10.12.2004
Entry Deleted Name
31.07.2007 Luwa
Air Engineering AG
31.07.2007 Luwa
Air Engineering SA (Name translated)
31.07.2007 Luwa
Air Engineering Ltd (Name translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering AG
09.12.2005 31.07.2007 Luwa Textile Air Engineering Ltd (Name translated)
09.12.2005 31.07.2007 Luwa Textile Air Engineering SA (Name
translated)
20.12.2004 09.12.2005 Hesta Verwaltungs AG
Entry Deleted Legal domicile
20.12.2004 Uster,
Switzerland
Entry Deleted Address
22.10.2009 Weiherallee
11 a, 8610 Uster/ZH, Switzerland/CH
20.12.2004 22.10.2009 Wilstrasse 11, 8610 Uster/ZH, Switzerland/CH
Entry Deleted Capital
16.06.2006 Share
Capital CHF 950'000, paidup CHF 950'000
20.12.2004 16.06.2006 Share Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
16.06.2006 950'000
Registered shares of CHF 1.--
20.12.2004 16.06.2006 100'000 Registered shares of CHF 1.--
Entry Deleted Activity (original Language)
09.12.2005 Der
Zweck der Gesellschaft ist die Konzeption, Installation und der Unterhalt von
lüftungs-, klimatechnischen und anderen Anlagen in der Textilindustrie und in
angrenzenden Industrien, zum Beispiel Nonwoven, sowie die Entwicklung,
Herstellung und der Vertrieb von Maschinen und Apparaten für solche Anlagen.
Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten und sich an anderen Unternehmungen verwandter Art im In- und
Ausland beteiligen, solche gründen, übernehmen und mit ihnen fusionieren. Die
Gesellschaft kann Grundstücke erwerben, halten und veräussern.
20.12.2004 09.12.2005 Der Zweck der Gesellschaft ist das Halten von
Beteiligungen an Gesellschaften in der Schweiz und im Ausland sowie die
Erbringung von Dienstleistungen an Konzerngesellschaften im Bereich Verkaufs-
und Serviceadministration, Rechnungswesen, elektronische Datenverarbeitung,
Logistik und Personalwesen. Die Gesellschaft kann alle kommerziellen,
finanziellen und anderen Tätigkeiten ausüben, welche mit dem Zweck der
Gesellschaft im Zusammenhang stehen. Die Gesellschaft kann Zweigniederlassungen
und Tochtergesellschaften im In- und Ausland errichten und sich an anderen
Unternehmen irgendwelcher Art im In- und Ausland beteiligen, solche gründen,
übernehmen und mit ihnen fusionieren. Die Gesellschaft
kann Grundstücke erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
16.06.2006 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom
12.06.2006 einen Teil der Aktiven und Passiven der Zellweger Luwa AG in Uster,
nämlich Teile des Geschäftsbereichs Textillufttechnik gemäss Vertrag vom
08.06.2006 und Übernahmebilanz per 01.01.2006, wonach die übernommenen Aktiven
CHF 12'825'837.81 und die übernommenen Passiven CHF 11'959'225.80 betragen,
wofür 850'000 Namenaktien zu CHF 1.-- ausgegeben werden. Von der Übernahme
ausgeschlossen sind die im Vertrag aufgeführten Aktiven (Marken und Patente,
Beteiligung Luwa India Private Ltd.) und Passiven (Rückstellung
"Idleb").
20.12.2004 Publishing
authority: SHAB.
20.12.2004 Reports:
Mitteilungen an die Aktionäre erfolgen durch Briefe.
Entry Deleted Branches
10.03.2006 13.01.2010 Luzernerstrasse 15, 5630 Muri/AG,
Switzerland/CH
Title Name
President Raimund
König, Origin: Germany, Address: Grünwald, Germany, joint signature of two,
Registered since: 15.05.2007
Vice-President Benno
Vonarburg, Origin: Langnau bei Reiden, Hitzkirch, Switzerland, Address: 8703
Erlenbach /ZH, Switzerland, joint signature of two, Registered since:
20.12.2004
Executive Director Thomas Trauttmansdorff, Origin: Austria,
Address: München, Germany, joint signature of two, Registered since: 15.05.2007
Title Name
Member with signing authority Roman Fäh, Origin: Amden, Switzerland,
Address: 8335 Hittnau/ZH, Switzerland, joint signature of two, Registered
since: 09.12.2005
Member with signing authority Peter Fallegger, Origin: Hasle,
Switzerland, Address: 8610 Uster/ZH, Switzerland, joint signature of two,
Registered since: 09.12.2005
Member with signing authority Roberto Manuel Marti Fernandez, Origin:
Spain, Address: Hinwil, Switzerland, joint signature of two, Registered since:
17.01.2011
Member with signing authority Martin Weber, Origin: Zürich, Switzerland,
Address: Wallisellen, Switzerland, joint signature of two, Registered since:
31.10.2007
Member with signing authority Gottfried Abrell, Origin: Germany,
Address: 8124 Maur/ZH, Switzerland, joint signature of two, Registered since:
16.04.2008
Member with signing authority Markus Schraner, Origin: Zürich, Sulz,
Switzerland, Address: 5624 Bünzen/AG, Switzerland, joint signature of two,
Registered since: 09.12.2005
Title Name
Chief Executive Officer Gottfried Abrell
Chief Financial Officer Roberto Manuel Marti Fernandez
Chief Operating Officer Roman Fäh
Name: Grünwald
Equity Beteiligungs GmbH
City/Country: Grünwald,
Germany/DE
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Luwa
Air Engineering Beteiligungs GmbH
City/Country: Grünwald,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest (since 09.05.2007)
Name: Luwa
India Pvt. Ltd.
City/Country: Bangalore,
India/IN
Class: 100%
Name: Luwa
Air Engineering (Shanghai) Co., Ltd.
City/Country: Shanghai,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Class: 100%
Name: Luwa
Engineering (Pte) Ltd.
City/Country: Singapore,
Singapore/SG
Interest: 100.00%
voting right, 100.00% capital interest (since 1972)
Control date Year No. Amount CHF Status
18.08.2009 2009 0
18.08.2009 2008 0
18.08.2009 2007 0
18.08.2009 2006 0
18.08.2009 2005 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 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 in order.
Payment experiences: Financial obligations are met in an orderly manner.
Maximum Credit: CHF
200'000
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.15 |
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UK Pound |
1 |
Rs.81.41 |
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Euro |
1 |
Rs.68.22 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.