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Report Date : |
17.11.2012 |
IDENTIFICATION DETAILS
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Name : |
BENNINGER AG |
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Registered Office : |
Fabrikstrasse 9240 Uzwil/SG |
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Country : |
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Date of Incorporation : |
02.09.1997 |
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Com. Reg. No.: |
320.3.043.185-3 / 408376 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture and |
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No. of Employees : |
300 |
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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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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
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Source : CIA |
BENNINGER AG
Fabrikstrasse
9240 Uzwil/SG
Switzerland/CH
Telephone: 071 9558585
Fax: 071 9558747
Web site: http://www.benninger.ch
E-mail: info@benningergroup.com
WIN No.: CH0000020766
VAT-No.: CHE102334085
Established: 1859
History: 1859: Established from Henrich + Jakob Benninger
Line of Business: Industrial
goods wholesale
Industry Division: Wholesale
trade
Industry-code
(NACE): 4664 Wholesale of machinery for the textile industry and of sewing
and knitting machines
Import/Export: Export
Export sales: 98.0%
Quality certification: ISO
9001:2000
Banks: UBS
Ltd
CS
Credit Suisse
SGKB
St. Galler Kantonalbank
Bayerische
Vereinsbank
Coverage: Company
Figures: estimated
Employees: 300
Sales: CHF
200-400 Mio
The business activities includes the manufacture and sale of weaving and
textile machinery, and industrial electronics.
Information on property ownership was not available.
Company No: 320.3.043.185-3
/ 408376
Legal form: Company
limited by shares
Registration: 02.09.1997
Legal status: active
Responsible Register: Handelsregister
des Kantons St. Gallen
History: Date
of Statutes: 20.06.2006
Date
of Incorporation Statutes: 29.08.1997
Entry Deleted Name
10.07.2006 Benninger
SA (Name translated)
10.07.2006 Benninger
Ltd (Name translated)
02.09.1997 Benninger
AG
26.10.2001 10.07.2006 Benninger Co.Ltd. (Name translated)
26.10.2001 10.07.2006 Benninger S.A. (Name translated)
Entry Deleted Legal domicile
02.09.1997 Uzwil,
Switzerland
Entry Deleted Address
02.09.1997 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
Entry Deleted Capital
02.09.1997 Share
Capital CHF 3'000'000, paidup CHF 3'000'000
Entry Deleted Capital Structure
02.09.1997 30'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
10.07.2006 Betrieb einer
Maschinenfabrik und allgemeiner Maschinenbau, insbesondere Entwicklung,
Fabrikation und Vertrieb von und Handel mit Maschinen zur Herstellung und
Veredelung von Textilien sowie Beratung im Bereich der Textilindustrie. Die Gesellschaft
kann im In- und Ausland Zweigniederlassungen und Betriebsstätten errichten,
sich an andern Unternehmen im In- und Ausland beteiligen, Vertretungen
übernehmen, Finanzierungen für eigene oder fremde Rechnung vornehmen sowie
Sicherheiten, wie namentlich Garantien, Bürgschaften und Pfandrechte, für
verbundene Unternehmen und Dritte einräumen sowie Grundstücke erwerben,
verwalten und veräussern.
02.09.1997 10.07.2006
Betrieb einer Maschinenfabrik, allgemeiner
Maschinenbau, insbesondere Entwicklung, Fabrikation und Vertrieb von und Handel
mit Maschinen zur Herstellung und Veredelung von Textilien; die Gesellschaft
kann Zweigniederlassungen oder Betriebsstätten im In- und Ausland errichten,
sich an anderen Firmen und Institutionen beteiligen, Finanzdienstleistungen
erbringen sowie Grundstücke und Immaterialgüterrechte erwerben, verwalten und
veräussern.
Entry Deleted Remarks (original Language)
10.07.2006 Reports: Die
Mitteilungen an die Aktionäre erfolgen brieflich, oder nach Ermessen des
Verwaltungsrates durch eingeschriebenen Brief.
19.04.2006 Merger:
Übernahme der Aktiven und Passiven der Benninger Textile Systems AG, in Uzwil
(CH-320.3.043.141-9) gemäss Fusionsvertrag vom 13.04.2006 und Bilanz per
31.12.2005. Aktiven von CHF 17'861'618.11 und Fremdkapital von CHF
13'574'804.55 gehen auf die übernehmende Gesellschaft über. Es findet keine
Kapitalerhöhung statt, da die Aktionäre der übertragenden Gesellschaft die
anlässlich der Fusion erworbenen eigenen Aktien der übernehmenden Gesellschaft
erhalten.
19.04.2006 Merger:
Übernahme der Aktiven und Passiven der Benninger Holding AG, in Uzwil
(CH-320.3.025.965-7) gemäss Fusionsvertrag vom 13.04.2006 und Bilanz per
31.12.2005. Aktiven von CHF 5'582'566.24 und Fremdkapital von CHF 0.-- gehen
auf die übernehmende Gesellschaft über. Es findet keine Kapitalerhöhung statt,
da die Aktionäre der übertragenden Gesellschaft die anlässlich der Fusion
erworbenen eigenen Aktien der übernehmenden Gesellschaft erhalten.
26.10.2001 Note: Die
Übersetzungen der Firma wurden bei der Gründung im Jahre 1997 versehentlich
nicht eingetragen.
13.11.1997 Contribution in
kind/Asset takeover: Die Gesellschaft übernimmt bei der Gründung einen Teil der
Aktiven und Passiven der Benninger Textile Systems AG, in Uzwil, nämlich den Geschäftsbereich
"Textilmaschinen", gemäss Sacheinlagebilanz per 31.12.1996, wonach
die übernommenen Aktiven CHF 65'544'000.-- und die übernommenen Passiven CHF
57'544'000.-- betragen, wofür 30'000 Namenaktien zu CHF 100.-- ausgegeben und
CHF 5'000'000.-- in den Reserven gutgeschrieben werden.
02.09.1997 Publishing
authority: SHAB.
Title Name
President Peter Schifferle, Origin: Döttingen,
Switzerland, Residential address: Hard bei Weinfelden, Switzerland, joint signature
of two, Registered since: 10.07.2006
Vice-President Rolf Friedli, Origin: Ursenbach, Switzerland,
Residential address: Herrliberg, Switzerland, joint signature of two,
Registered since: 01.03.2006
Director Daniel Flaig, Origin: St. Gallen,
Bassersdorf, Switzerland, Residential address: Zug/ZG, Switzerland, joint
signature of two, Registered since: 10.07.2006
Director Jürg Henz,
Origin: Brugg, Bärschwil, Switzerland, Residential address: Zuzwil/SG,
Switzerland, joint signature of two, Registered
since: 27.12.2011
Director Daniel Hirschi, Origin: Rüschegg,
Switzerland, Residential address: 2500 Biel/Bienne/BE, Switzerland, joint
signature of two, Registered since: 16.03.2007
Director Christian Kuoni, Origin: Maienfeld,
Switzerland, Residential address: Zeiningen, Switzerland, joint signature of
two, Registered since: 10.07.2006
Title Name
Member with
signing authority Carmen Hayoz,
Origin: Ueberstorf, Switzerland, Residential address: Busswil/TG, Switzerland,
joint signature of two, Registered since: 02.09.2008
Member with
signing authority Gerhard Huber,
Origin: Salenstein, Switzerland, Residential address: 8268 Salenstein/TG,
Switzerland, joint signature of two, Registered since: 21.07.2003
Member with
procuration Guido Benz, Origin:
Marbach SG, Switzerland, Residential address: Niederuzwil/SG, Switzerland,
joint power of attorney of two, Registered since: 26.03.1998
Member with
procuration Fabio Bonomi,
Origin: Italy, Residential address: Oberuzwil/SG, Switzerland, joint power of
attorney of two, Registered since: 12.11.1999
Member with
procuration Jürg Brander,
Origin: Bütschwil, Switzerland, Residential address: 9240 Uzwil/SG,
Switzerland, joint power of attorney of two, Registered since: 12.11.1999
Member with
procuration Paul Dürr, Origin:
Gams, Switzerland, Residential address: Oberuzwil/SG, Switzerland, joint power
of attorney of two, Registered since: 04.03.1999
Member with
procuration Adolf Gehrig,
Origin: Degersheim, Switzerland, Residential address: Flawil, Switzerland, joint
power of attorney of two, Registered since: 07.06.2004
Member with
procuration Jürgen Ströhle,
Origin: Austria, Residential address: Dornbirn, Austria, joint power of
attorney of two, Registered since: 19.03.2001
Title Name
Auditor Ernst &
Young AG, Residential address: St. Gallen, Switzerland, Registered since:
10.07.2006
Title Name
Chief Executive Officer Gerhard
Huber
Chief Financial Officer Carmen
Hayoz
Name: Benninger Holding AG
City/Country: Uzwil/SG,
Switzerland/CH
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Benninger
Holding AG
City/Country: Uzwil/SG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Benninger
Corporation
City/Country: Spartanburg,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Benninger
India Private Limited
City/Country: MUMBAI/Maharashtra,
India/IN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Benninger
Trading (Shanghai) Co. Ltd.
City/Country: Shanghai,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Benninger
Zell GmbH
City/Country: Zell,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Küsters
Textile Gesellschaft mit beschränkter Haftung
City/Country: Zittau,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest (since 2008)
Control date Year No. Amount CHF Status
22.03.2010 2010 0
22.03.2010 2009 0
22.03.2010 2008 1 109'116.-- Opposition filed
22.03.2010 2007 0
06.03.2009 2006 0
06.03.2009 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 in order.
Payment experiences: Financial
obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.54.99 |
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|
1 |
Rs.87.21 |
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Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
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 |
-- |
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.