MIRA INFORM REPORT

 

 

 

 

Report Date :

23.11.2012

 

IDENTIFICATION DETAILS

 

Name :

KLINGELNBERG AG

 

 

Registered Office :

Binzmühlestrasse 171 8050 Zürich

 

 

Country :

Switzerland

 

 

Date of Incorporation :

24.06.1991

 

 

Com. Reg. No.:

020.3.000.805-4 / 267691

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Manufacture of metal forming machinery

 

 

No. of Employees :

100

 

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

(30.06.2011)

Current Rating

(30.09.2011)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name and address

 

Klingelnberg AG

 

Operating address:

Binzmühlestrasse 171

8050 Zürich

Switzerland/CH

 

Telephone:                    044 2787979

Fax:                             044 2731556

 

Web site:                      http://www.klingelnberg.com

E-mail:                         info@klingelnberg.com

 

VAT-No.:                      CHE106075267

 

 

Profile

 

Established:                  1863

Line of Business:           Financial services, Machinery

Industry Division:           Services, Manufacturing

Industry-code (NACE):   6420       Activities of holding companies

                                    2841       Manufacture of metal forming machinery

Import/Export:               Import, Export

Export sales:                98.0%

Quality certification:       ISO 9001:2008

                                    ISO 14001:2009

Banks:                         CS Credit Suisse

                                    Deutsche Bank

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  100

Sales:                          CHF 80-100 Mio

 

 

Activity

 

The Company is a specialist in gearing technology and provides machine tools for the manufacture of gears. For spiral bevel gear production in the automotive industry, the company manufactures cutting machines, lapping machines, grinding machines, dynamic test machines with electrical measuring technology and tool grinding machines. For the production of cylindrical gears in the gear manufacture sector, as well as in the aircraft industry, the Company produces profile grinding machines.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                020.3.000.805-4 / 267691

Legal form:                    Company limited by shares

Registration:                 24.06.1991

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

Auditor:                        PricewaterhouseCoopers AG, Zürich

History:                        Date of Statutes: 30.08.2005

                                    Date of Statutes: 18.03.2004

                                    Date of Statutes: 10.06.1997

                                    Date of Incorporation Statutes: 30.04.1991

 

Entry          Deleted      Name

29.03.2004                    Klingelnberg AG

29.03.2004                    Klingelnberg SA (Name translated)

29.03.2004                    Klingelnberg Ltd (Name translated)

24.06.1991  29.03.2004  Oerlikon Geartec AG

24.06.1991  29.03.2004  Oerlikon Geartec SA (Name translated)

24.06.1991  29.03.2004  Oerlikon Geartec Ltd (Name translated)

 

Entry          Deleted      Legal domicile

24.06.1991                    Zürich, Switzerland

 

Entry          Deleted      Address

12.10.2010                    Binzmühlestrasse 171, 8050 Zürich/ZH, Switzerland/CH

27.04.1994  12.10.2010  Turbinenstrasse 17, 8005 Zürich/ZH, Switzerland/CH

24.06.1991  27.04.1994  Birchstrasse 155, 8050 Zürich/ZH, Switzerland/CH

 

Entry          Deleted      Capital

12.06.1997                    Share Capital CHF 42'000'000, paidup CHF 42'000'000

24.06.1991  12.06.1997  Share Capital CHF 16'000'000, paidup CHF 16'000'000

 

Entry          Deleted      Capital Structure

12.06.1997                    42'000 Registered shares of CHF 1'000.--

24.06.1991  12.06.1997  16'000 Registered shares of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

02.09.2005                    Zweck der Gesellschaft ist die Entwicklung, Herstellung, Montage, der Verkauf und die Wartung von und der Handel mit Werkzeugmaschinen sowie weiteren Produkten des Maschinenbaus. Die Gesellschaft kann sich direkt oder indirekt an anderen Unternehmen beteiligen und diesen Finanzierungen gewähren und Sicherheiten aller Art stellen. Sie kann ferner Grundstücke und Rechte an solchen sowie Immaterialgüterrechte, Herstell- und Vertriebslizenzen erwerben und vergeben und überhaupt alle Geschäfte betreiben, die bestimmt oder geeignet sind, den Gesellschaftszweck zu fördern.

24.06.1991  02.09.2005  Entwicklung, Herstellung, Montage, Verkauf und Wartung von und Handel mit Werkzeugmaschinen sowie weiteren Produkten des Maschinenbaus; kann andere Unternehmen errichten, Beteiligungen, Immaterialgüterrechte erwerben sowie Herstell- und Vertriebslizenzen erwerben und vergeben.

 

Entry          Deleted      Remarks (original Language)

12.06.1997                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

12.06.1997                    Reports: Mitteilungen an die Aktionäre erfolgen mit eingeschriebenem Brief an die im Aktienbuch eingetragene Adresse.

12.06.1997                    Contribution in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 10.6.1997 54'000 Inhaberaktien zu ESP 500.-- der Klingelnberg Comercial SA, in Barcelona (E), 200 nennwertlose Namenaktien der Klingelnberg SA, in Brüssel (B), 7'000 Namenaktien zu FRF 200.-- der Klingelnberg (France) SA, in Courbevoie (F), 128'000 Namenaktien zu JPY 500.-- der Klingelnberg (Japan) Ltd, in Tokyo (J), Stammeinlagen zu DEM 30'000'000.-- der Klingelnberg Beteiligungs-GmbH, in Hückeswagen (D), Stammeinlagen zu ITL 79'960'000.-- der Klingelnberg Italiana S.r.l., in Milano (I), wofür 26'000 Namenaktien zu CHF 1'000.-- ausgegeben werden.

24.06.1991                    Publishing authority: SHAB.

24.06.1991                    Contribution in kind/Asset takeover: Uebernimmt einen Teil des Geschäftsbereiches "Maschinen" der "Werkzeugmaschinenfabrik Oerlikon-Bührle AG", in Zürich, nämlich Anlagen und Vorräte, alles gemäss Sacheinlagevertrag vom 30.4.1991 und Inventar per 31.12.1990 zum Preise von CHF 12'016'000.--, welcher voll auf das Grundkapital angerechnet wird. Uebernimmt weiter die restlichen Aktiven und Passiven des Geschäftsbereiches "Maschinen" der "Werkzeugmaschinenfabrik Oerlikon-Bührle AG", in Zürich, gemäss Sachübernahmevertrag vom 30.4.1991 und Uebernahmebilanz mit Inventarlisten per 30.12.1990 zum Preise von höchstens CHF 10'500'000.--. 

 

Entry          Deleted      Branches

04.12.2001  25.10.2005  Via Casoro 17, 6917 Barbengo/TI, Switzerland/CH

23.10.1998  04.12.2001  , Riva San Vitale/TI, Switzerland/CH

 

 

Official Administration

 

Title                                           Name

President                                    Diether Klingelnberg, Origin: Germany, Address: Remscheid, Germany, single signature

Executive Director                        Hans-Georg Härter, Origin: Germany, Address: Friedrichshafen, Germany, joint signature of two

Executive Director                        Hans Georg Storr, Origin: United States of America, Address: Greenwich, United States of America, joint signature of two

Executive Director                        Dr. Hans-Martin Schneeberger, Origin: Ochlenberg, Switzerland, Address: 4900 Langenthal/BE, Switzerland, joint signature of two

Executive Director                        Arthur Bolliger, Origin: Teufen AR, Schlossrued, Switzerland, Address: 9053 Teufen/AR, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Director                                       Tomas Kirschenfauth, Origin: Germany, Address: 8001 Zürich/ZH, Switzerland, joint signature of two

Director                                       Dr. Hartmuth Müller, Origin: Germany, Address: 8001 Zürich/ZH, Switzerland, joint signature of two

Director                                       Jan Klingelnberg, Origin: Germany, Address: 8700 Küsnacht/ZH, Switzerland, single signature

Vice-Director                               Alfred Kohler, Origin: Zürich, Sumiswald, Switzerland, Address: 5621 Zufikon/AG, Switzerland, joint signature of two

Member with procuration              Peter Biemer, Origin: Germany, Address: Hückeswagen, Germany, joint power of attorney of two

Member with procuration              Richard Doney, Origin: United Kingdom, Address: 8708 Männedorf/ZH, Switzerland, joint power of attorney of two

Member with procuration              Eike Prinz, Origin: Germany, Address: Wermelskirchen, Germany, joint power of attorney of two, Registered since: 18.10.2011

Member with procuration              Markus Schulte, Origin: Germany, Address: Olpe-Sondern, Germany, joint power of attorney of two

Member with procuration              Ellen Ludwig, Origin: Germany, Address: Neuss, Germany, joint power of attorney of two

Member with procuration              Cornelia Kamber, Origin: Metzerlen-Mariastein, Switzerland, Address: Hinwil, Switzerland, joint power of attorney of two, Registered since: 24.03.2011

Member with procuration              Heinz Eder, Origin: Zürich, Switzerland, Germany, Address: 8001 Zürich/ZH, Switzerland, joint power of attorney of two

Member with procuration              René Bossart, Origin: Oberbüren, Niederbüren, Switzerland, Address: 8315 Lindau/ZH, Switzerland, joint power of attorney of two

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Jan Klingelnberg

 

 

Ultimate Parent Company

 

Name:                          Klingelnberg Luxemburg AG

City/Country:                 Luxemburg, Luxembourg/LU

 

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Klingelnberg Luxemburg AG

City/Country:                 Luxemburg, Luxembourg/LU

Interest:                        100.00% voting right, 100.00% capital interest (since 1993)

 

 

Investments

 

Class:                          100%

Name:                          Klingelnberg France SAS

City/Country:                 Asnières, France/FR

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg GmbH

City/Country:                 Hückeswagen, Germany/DE

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg Italiana Srl

City/Country:                 Gorgonzola, Italy/IT

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg (Japan) Ltd

City/Country:                 Kohoku-Ku, Japan/JP

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg NV SA

City/Country:                 Bruxelles, Belgium/BE

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg Oerlikon Mexico SA de CV

City/Country:                 Queretaro, Mexico/MX

Interest:                        100.00% voting right, 100.00% capital interest

 

Class:                          100%

Name:                          Klingelnberg-Imexma SA

City/Country:                 Esplugues de Liobregat, Spain/ES

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

06.04.2011          2011                           0

06.04.2011          2010                           0

06.04.2011          2009                           0

06.04.2011          2008                           0

06.04.2011          2007                           0

26.05.2009          2006                           0

26.05.2009          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.

 

 

Credit Information

 

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 good.

 

Payment experiences:   Payment habits are considered good.

 

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.20

UK Pound

1

Rs.87.79

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.