|
Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPUHL AG |
|
|
|
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Registered Office : |
Grüntalstrasse 23, 9303 Wittenbach /CH |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
13.10.1943 |
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|
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Com. Reg. No.: |
320.3.003.479-2 / 183276 |
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Legal Form : |
Company Limited By Shares |
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|
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Line of Business : |
Manufacturing
company and develops and manufactures machines for the production of
innerspring units |
|
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|
|
No. of Employees : |
215 |
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 |
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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 |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Spühl AG
Operating address:
Grüntalstrasse
23
9303
Wittenbach
Switzerland/CH
Telephone: 071
2921312
Fax: 071
2921122
Web
site: http://www.spuehl.ch
E-mail: saleswfm@spuhl.ch
WIN
Worldbox No.: CH0000031206
VAT-No.: CHE103225375
Established: 1877
History: 1943: Limited company
1877: Established from Heinrich Spühl
Line of
Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2829 Manufacture of other general-purpose
machinery n.e.c.
Import/Export: Export
Export
sales: 100.0%
Quality
certification: ISO 9001 (since
1989)
Banks: UBS Ltd
CS
Credit Suisse
Coverage: Company
Figures: estimated
Employees: 215
Sales: CHF 60'000'000.--
The Company is
worldwide activ as a machinery manufacturing company and develops and manufactures
machines for the production of innerspring units, which are in demand in the
upholstery and mattresses industry worldwide. These machines are purchased by
the mattress and upholstered furniture industry in over 150 countries
worldwide.
Real
Estate: The company
owns no property.
Area: 10'000 m2
Company
No: 320.3.003.479-2 /
183276
Legal
form: Company limited
by shares
Registration: 13.10.1943
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Statutes:
23.12.1986
Date
of Incorporation Statutes: 11.10.1943
Date
of Statutes: 13.08.2008
Date
of Statutes: 26.11.2001
Date
of Statutes: 17.10.2001
Date
of Statutes: 05.06.1997
Date
of Statutes: 27.05.1994
Entry Deleted Name
active Spühl
AG
Entry Deleted Legal
domicile
16.06.1997 Wittenbach,
Switzerland
16.06.1997 St. Gallen, Switzerland
Entry Deleted Address
18.11.2008 Grüntalstrasse
23, 9300 Wittenbach/SG, Switzerland/CH
16.06.1997 Lukasstrasse 7/18, 9008 St.Gallen/SG,
Switzerland/CH
16.06.1997 18.11.2008 Grüntalstrasse 23, 9303 Wittenbach/SG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 5'000'000, paidup CHF 5'000'000
Entry Deleted Capital
Structure
active 50'000
Registered shares of CHF 100.--
Entry Deleted Activity
(original Language)
20.08.2008 Fabrikation
und Verkauf von Maschinen eigener und fremder Konstruktion, von Produkten
derartiger Maschinen sowie Übernahme von mit dem Gesellschaftszweck im
Zusammenhang stehenden Vertretungen. Die Gesellschaft kann Zweigniederlassungen
im In- und Ausland errichten, sich an anderen Unternehmungen des In- und
Auslandes beteiligen, ihren direkten oder indirekten Tochtergesellschaften
sowie ihren direkten oder indirekten Aktionären sowie deren direkten oder
indirekten Tochtergesellschaften, direkte oder indirekte Finanzierungen
gewähren und für Verbindlichkeiten von solchen anderen Gesellschaften
Sicherheiten aller Art stellen, einschliesslich mittels Pfandrechten an oder
fiduziarischen Übereignungen von Aktiven der Gesellschaft oder Garantien
jedwelcher Art, ob entgeltlich oder nicht.
Entry Deleted Remarks
(original Language)
active Publishing
authority: SHAB.
16.06.1997 Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch eingeschriebenen
Brief oder Zirkular.
Title Name
President Jack D. Crusa, Origin: United
States of America, Address: Carthage , United States of America, joint
signature of two, Registered since: 26.09.2005
Vice-President Peter Vogel,
Origin: Altnau, Switzerland, Address: Steinach, Switzerland, joint signature of
two, Registered since: 05.02.1996
Executive Director Scott S. Douglas,
Origin: United States of America, Address: Carthage, United States of America,
joint signature of two, Registered since: 06.10.2010
Executive Director Vincent S. Lyons,
Origin: United States of America, Address: Joplin, United States of America,
joint signature of two, Registered since: 10.03.2008
Executive Director Eric Stupp, Origin:
Basel, Switzerland, Address: Herrliberg, Switzerland, joint signature of two,
Registered since: 19.01.2000
Title Name
Director Peter Vogel, Origin: Altnau,
Switzerland, Address: Steinach, Switzerland, joint signature of two, Registered
since: 05.02.1996
Director Dr. Walter Gschwend, Origin:
St. Gallen, Switzerland, Address: St. Gallen, Switzerland, joint signature of
two
Vice-Director Alfred Stettbacher, Origin:
Mönchaltorf, Switzerland, Address: Zürich, Switzerland, joint signature of two,
Registered since: 05.02.1997
Member with procuration Hans Knöpfel, Origin: Stein AR,
Switzerland, Address: Arbon, Switzerland, joint power of attorney of two,
Registered since: 06.01.1998
Member with procuration Walter Zürcher, Origin: Trub,
Switzerland, Address: Eggersriet, Switzerland, joint power of attorney of two
Member with procuration Albert Pfiffner, Origin: Mels,
Switzerland, Address: Wittenbach, Switzerland, joint power of attorney of two,
Registered since: 22.12.2011
Member with procuration Brigitte Bieg, Origin: Igis,
Switzerland, Address: Rorschacherberg, Switzerland, joint power of attorney of
two, Registered since: 17.01.2005
Member with procuration Marc Olivier Borer, Origin:
Kleinlützel, Switzerland, Address: 9063 Stein/AR, Switzerland, joint power of
attorney of two, Registered since: 03.02.2009
Member with procuration François Mouron, Origin:
Chardonne, Switzerland, Address: 9036 Grub/SG, Switzerland, joint power of
attorney of two, Registered since: 03.02.2009
Member with procuration Nikolaus (Niklaus) Brülisauer,
Origin: Appenzell, Switzerland, Address: 9054 Haslen/AI, Switzerland, joint
power of attorney of two, Registered since: 10.03.2008
Member with procuration Rolf Fleischmann, Origin: Teufen
AR, Switzerland, Address: Appenzell, Switzerland, joint power of attorney of
two
Member with procuration Markus Beerli, Origin:
Bichelsee-Balterswil, Switzerland, Address: Gossau /SG, Switzerland, joint
power of attorney of two, Registered since: 22.12.2011
Member with procuration Robert Fleischmann, Origin: Teufen
AR, Switzerland, Address: Eggersriet, Switzerland, joint power of attorney of
two, Registered since: 06.01.1998
Member with procuration Werner Büchel, Origin: Rüthi SG,
Switzerland, Address: Arbon, Switzerland, joint power of attorney of two
Member with procuration Heinrich Brunschweiler, Origin:
Erlen, Switzerland, Address: Engelburg , Switzerland, joint power of attorney
of two, Registered since: 06.01.1998
Member with procuration Roger Strässle, Origin: Oberuzwil,
Switzerland, Address: 9000 St. Gallen/SG, Switzerland, joint power of attorney
of two, Registered since: 06.12.2001
Member with procuration Urs Sutter, Origin: Appenzell,
Switzerland, Address: Roggwil /TG, Switzerland, joint power of attorney of two,
Registered since: 13.12.2002
Title Name
Auditor BDO AG, Address: St. Gallen,
Switzerland, Registered since: 01.10.2007
Title Name
Chief Executive Officer Peter Vogel
(peter.vogel@spuhl.ch)
Chief Financial Officer Dr. Walter Gschwend
Chief Development Officer Hans Knöpfel
Chief Production Officer Alfred Stettbacher
(alfred.stettbacher@spuhl.ch)
Chief Human Resources Officer Brigitte Bieg
Chief Business Segment Officer Roger Strässle
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2005
Number of months: 12 12 12 12 12
Currency: mil.
USD mil.
USD mil. USD mil. USD mil.
USD
Balance Sheet
Intangible fixed assets 1'043.2 1'082.6 1'099.3 1'073.0
Tangible fixed assets 580.6 624.2 668.6 681.4
other fixed assets 67.3 75.1 79.7 100.7
Fixed assets 1'691.1 1'781.9 1'847.6 1'855.1
Stocks 441.0 435.3 409.1 495.0
Trade accounts receivable 439.4 478.9 469.5 550.5
Liquid assets 236.3 244.5 260.5 164.7
other trade accounts 107.3 60.4 74.5 96.6
Other current assets 343.6 304.9 335.0 261.3
Current assets 1'224.0 1'219.1 1'213.6 1'306.8
Total assets 2'915.1 3'001.0 3'061.2 3'161.9 4'052.6
Capital 458.9 465.2 469.7 498.1 2.0
Other shareholders funds 838.3 1'042.1 1'084.3 1'154.8
Total shareholders equity 1'297.2 1'507.3 1'554.0 1'652.9 2'249.0
Minority interests 10.5 17.1 21.5 17.9
long term debt (financial debts) 833.3 762.2 789.3 851.2
Other non current liabilities 188.1 191.4 161.3 115.6
Non current liabilities 1'021.4 953.6 950.6 966.8
short term debt (financial debts) 2.5 2.2 10.1 22.4
Trade accounts payable 256.6 226.4 199.4 175.3
Accruals 209.6 209.5 229.7 234.9
other accounts payable 117.3 84.9 95.9 91.6
other current liabilities 326.9 294.4 325.6 326.5
Current liabilities 586.0 523.0 535.1 524.2
Shareh. equity, min. interests +
liabilities 2'915.1 3'001.0 3'061.2 3'161.8
Profit and loss account
Sales 3'636.0 3'359.1 3'055.1 4'076.1
Net sales 3'636.0 3'359.1 3'055.1 4'076.1
Other operating revenue 6.7
Operating revenue 3'636.0 3'365.8 3'055.1 4'076.1 5'299.3
Cost of goods sold 2'970.7 2'703.7 2'425.4 3'384.9
Gross profit 665.3 662.1 629.7 691.2
Other operating expenses 427.5 374.1 399.4 458.9
Operating result 237.8 288.0 230.3 232.3 433.7
Interest revenues 6.7 5.2 5.5 8.7
Financial income 6.7 5.2 5.5 8.7
Interest expenses 38.3 37.7 37.4 48.4
other financial expenses 6.1 18.5
Financial expenses 38.3 37.7 43.5 66.9
Financial result -31.6 -32.5 -38.0 -58.2
Result before extraordinary items 206.2 255.5 192.3 174.1
Extraordinary expenses 0.8
Extraordinary Result 0.0 -0.8 0.0 0.0
Result before taxes 206.2 254.7 192.3 174.1
Taxes 49.8 71.9 77.3 65.1
Result before minority interests 156.4 182.8 115.0 109.0 251.3
minority interests 3.1 6.2 3.2 4.6
Result for the financial year 153.3 176.6 111.8 104.4
Cash flow
Depreciation 98.1 103.0 109.6 115.9 171.1
Cash flow 254.5 285.8 224.6 224.9
Cash flow from operating activities 328.9 362.5 565.3 436.2
Investments in tangible fixed assets 75.0 67.7 83.0 118.3
Cash flow from investing activities -36.6 -65.1 -72.5 263.3
Cash flow from financing activities -303.6 -313.6 -408.7 -733.5
Others 3.1 0.2 11.7 -6.7
Change in liquidity -8.2 -16.0 95.8 -40.7
Liquidity at beginning of the year 244.5 260.5 164.7 205.4
Liquidity at end ot the year 236.3 244.5 260.5 164.7
Notes
Added value 342.6 395.4 339.3 338.4
Working Capital 623.8 687.8 679.2 870.2
Sales per Employee 0.2 0.2 0.2
Market capitalisation 4'192.0
Gross cost land and buildings 653.7 661.5 662.4 637.4
Gross cost other tangible fixed assets 1'120.1 1'136.6 1'127.7 1'103.4
Gross cost total 1'773.8 1'798.1 1'790.1 1'740.8
Employees
at year end 18'300 19'000 18'500 33'000
Name: Leggett & Platt Incorporated
City/Country: Carthage, United States of America/US
No. of Owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Name: L&P Swiss Holding AG
City/Country: Wittenbach, Switzerland/CH
Interest: 100.00% voting right, 100.00% capital
interest (since 1997)
Name: Jentschmann AG
City/Country: Hüntwangen, Switzerland/CH
Class: 100%
Name: Fides Srl
City/Country: Forli, Italy/IT
Interest: 100.00% voting right, 100.00% capital
interest (since 1991)
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 in order.
Payment experiences: There are no objections regarding the payment
of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.28 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.