|
Report Date : |
26.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
LEICA GEOSYSTEMS AG |
|
|
|
|
Registered Office : |
Heinrich-Wild-Strasse 210, 9435 Heerbrugg/SG |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1921 |
|
|
|
|
Com. Reg. No.: |
320.3.000.401-5 / 410667 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
international supplier of instruments and systems for
vision, measurement and analysis and optical equipment for sports and leisure |
|
|
|
|
No. of Employees : |
2'000-3'999 employees |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Switzerland - ECONOMIC OVERVIEW
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.
|
Source : CIA |
Leica Geosystems AG
Heinrich-Wild-Strasse
210
9435 Heerbrugg/SG
Switzerland/CH
Telephone: 071
7273131
Fax: 071
7274674
Web site: http://www.leica-geosystems.com
E-mail: info.swiss@leica-geosystems.com
VAT-No.: CHE105959465
Established: 1921
Line of Business: Measurement and control technology, Financial services
Industry Division: Manufacturing, Services
Industry-code (NACE): 2651 Manufacture of instruments
and appliances for measuring, testing and navigation
2670 Manufacture of optical instruments and
photographic equipment
6420 Activities of holding companies
Import/Export: Export
Export sales: 90.0%
Quality certification: ISO 9001:2000
ISO
14001:2004
Banks: CS
Credit Suisse
UBS
Ltd
Coverage: Group
Figures: approximately
Employees: 2'000-3'999
Sales: CHF
600-800 Mio
Branches: 2
Leica is a leading
international supplier of instruments and systems for vision, measurement and
analysis and optical equipment for sports and leisure.
Information on property
ownership was not available.
Company No: 320.3.000.401-5
/ 410667
Legal form: Company
limited by shares
Registration: 19.07.1923
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date
of Statutes: 10.07.1990
Date
of Incorporation Statutes: 10.07.1923
Date
of Statutes: 04.05.2010
Date
of Statutes: 04.06.2009
Date
of Statutes: 17.07.2008
Date
of Statutes: 08.05.2008
Date
of Statutes: 18.04.2008
Date
of Statutes: 05.12.2006
Date
of Statutes: 22.05.2003
Date
of Statutes: 26.09.1997
Date
of Statutes: 25.09.1992
Entry Deleted Name
03.10.1997 Leica
Geosystems AG
03.10.1997 Leica
Geosystems Ltda (Name translated)
03.10.1997 Leica
Geosystems SA (Name translated)
03.10.1997 Leica
Geosystems Ltd (Name translated)
removed Wild Leitz AG
25.09.1992 Leica Heerburgg AG
25.09.1992 Leica Heerbrugg Ltda (Name translated)
25.09.1992 Leica Heerbrugg SA (Name translated)
25.09.1992 Leica Heerbrugg Ltd (Name translated)
25.09.1992 03.10.1997 Leica AG
Entry Deleted Legal domicile
active Balgach,
Switzerland
Entry Deleted Address
27.09.2012 Heinrich-Wild-Strasse
201, 9435 Heerbrugg/SG, Switzerland/CH
08.05.2009 9435
Heerbrugg, Switzerland/CH
08.05.2009 27.09.2012 Heinrich-Wild-Strasse, 9435 Heerbrugg/SG,
Switzerland/CH
Entry Deleted Capital
11.05.2010 Share
Capital CHF 31'677'300, paidup CHF 31'677'300
10.06.2009 11.05.2010 Share Capital CHF 31'610'400, paidup CHF
31'610'400
31.07.2008 10.06.2009 Share Capital CHF 31'147'650, paidup CHF
31'147'650
Entry Deleted Capital Structure
11.05.2010 33'546
Registered shares of CHF 50.--
11.05.2010 2'000
Bearer shares of CHF 15'000.--
10.06.2009 11.05.2010 32'208 Registered shares of CHF 50.--
10.06.2009 11.05.2010 2'000 Bearer shares of CHF 15'000.--
31.07.2008 10.06.2009 22'953 Registered shares of CHF 50.--
31.07.2008 10.06.2009 2'000 Bearer shares of CHF 15'000.--
Entry Deleted Activity (original Language)
26.05.2003 Die
Gesellschaft bezweckt im In- und Ausland: die Entwicklung, die Herstellung und
den Vertrieb und den Handel mit optischen, mechanischen, elektronischen und
elektrooptischen Geräten, Instrumenten und Systemen samt Software-Applikationen
sowie den entsprechenden Reparaturservice; technische und administrative
Beratungsdienste sowie damit zusammenhängende Dienstleistungen, insbesondere
zugunsten der mit der Leica Geosystems Gruppe verbundenen Unternehmen zu
erbringen; Mandate zur Geschäftsführung von Unternehmen, zur Durchführung von
Planungs- und Projektierungstätigkeiten zu übernehmen. Die Gesellschaft kann
gewerbliche Schutzrechte und know-how erwerben, registrieren, verwalten,
verwerten und übertragen, sich an anderen Unternehmen direkt oder indirekt
beteiligen, Zweigniederlassungen errichten und Tochtergesellschaften gründen,
Grundstücke und Rechte an solchen erwerben, verwalten und veräussern sowie im
Interesse der Leica Geosystems-Gruppe anderen Gruppengesellschaften Darlehen
oder andere Finanzierungen gewähren und für die Verbindlichkeiten von solchen
anderen Gruppengesellschaften Sicherheiten aller Art stellen, einschliesslich
mittels Pfandrechten an oder fiduziarischen Übereignungen von Aktiven der
Gesellschaft, oder mittels Garantien jedwelcher Art.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
20.06.2012 Merger:
Übernahme der Aktiven und Passiven der Leica Geosystems Interholding AG, in
Balgach ( CH-320.3.051.821-7 ), gemäss Fusionsvertrag vom 15.06.2012 und Bilanz
per 31.12.2011. Aktiven von CHF 135'491'077.00 und Passiven (Fremdkapital) von
CHF 11'850.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
28.06.2010 Transfer
of Assets: Die Gesellschaft überträgt gemäss Vertrag vom 22.06.2010 Aktiven von
CHF 261'459.00 und Passiven (Fremdkapital) von CHF 0.00 auf die Hexagon Technology
Centre GmbH, in Balgach (CH-320.4.067.416-7.). Gegenleistung: keine.
11.05.2010 Capital:
Kapitalerhöhung aus bedingtem Aktienkapital.
10.06.2009 Capital:
Kapitalerhöhung aus genehmigten Aktienkapital.
31.07.2008 Capital:
Eine Statutenbestimmung über eine bedingte Kapitalerhöhung wurde infolge des
Erlöschens der Optionsrechte aufgehoben.
31.07.2008 Capital:
Bedingte Kapitalerhöhung.
21.05.2008 Capital:
Bedingte Kapitalerhöhung basierend auf dem Generalversammlungsbeschluss vom
05.12.2006 gemäss näherer Umschreibung in den Statuten.
13.04.2007 Merger:
Übernahme der Aktiven und Passiven der Leica Geosystems Geospatial Imaging
GmbH, in Balgach (CH-320.4.042.735-4) gemäss Fusionsvertrag vom 26.03.2007 und
Bilanz per 31.12.2006. Aktiven von CHF 21'477'947.00 und Fremdkapital von CHF
16'980'379.00 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft die einzige Stammeinlage der übertragenden Gesellschaft hält,
findet weder eine Kapitalerhöhung noch eine Aktienzuteilung statt.
15.12.2006 Merger:
Übernahme der Aktiven und Passiven der Leica Geosystems Holdings AG, in Balgach
(CH-320.3.044.895-8) gemäss Fusionsvertrag vom 12.12.2006 und Bilanz per
30.09.2006. Aktiven von CHF 723'268'251.52 und Fremdkapital von CHF
29'356'350.46 gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
08.10.1998 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die LGS Investments AG, in
Balgach. Aktiven von CHF 38'202'001.-- und Passiven von CHF 38'002'001.-- gehen
gemäss Fusionsvertrag vom 05.10.1998 und Fusionsbilanz per 02.10.1998 durch
Universalsukzession an die Gesellschaft über. Da die Aktionäre beider
Gesellschaften identisch sind, erlöschen die Aktien der übernommenen
Gesellschaft, und das Grundkapital der übernehmenden Gesellschaft bleibt
unverändert.
03.10.1997 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief oder
gegen Empfangsbestätigung, sofern sämtliche Adressen bekannt sind, anderenfalls
durch das SHAB.
01.01.1990 Merger:
Fusion mit Wild Leitz + Cambridge Instruments group
Entry Deleted Branches
27.05.1993 Europa-Strasse
21, 8152 Glattbrugg , ZH, Switzerland/CH
23.09.1991 Mönchmattweg
5, 5035 Unterentfelden, AG, Switzerland/CH
removed Kanalstrasse 21, 8152 Glattbrugg, ZH,
Switzerland/CH
24.12.1998 , St. Gallen, SG, Switzerland/CH
Title Name
President Ola
Rollén, Origin: Sweden, Residential address: London , United Kingdom, joint
signature of two
Vice-President Dr.
Jürgen Hermann Dold, Origin: Germany, Residential address: 6204 Sempach/LU,
Switzerland, joint signature of two, Registered since: 08.05.2009
Director Bo
Gunnar Pettersson, Origin: Sweden, Residential address: London, United Kingdom,
joint signature of two, Registered since: 08.05.2009
Title Name
Member with signing authority Thomas Harring, Origin: Germany,
Residential address: Zug/ZG, Switzerland, joint signature of two, Registered
since: 08.05.2009
Member with signing authority Jack Carl Ickes, Origin: United States of
America, Residential address: Sennwald, Switzerland, joint signature of two,
Registered since: 10.08.2012
Member with signing authority Anton Kehl, Origin: Balgach, Switzerland,
Residential address: Rüthi , Switzerland, joint signature of two, Registered
since: 10.08.2012
Member with signing authority Johannes Schwarz, Origin: Austria,
Residential address: Widnau, Switzerland, joint signature of two
Title Name
Auditor Ernst
& Young AG, Residential address: Zürich, Switzerland
Title Name
Chief Executive Officer Ola Rollén
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF
Statement norm: IAS IAS IAS IAS
Remarks: about about about about
Operating revenue 700'000.0 720'000.0 710'000.0 760'000.0
Capital 31'677.3 31'677.3 31'610.4 31'148.0
Employees at
year end 3'500 3'500 3'500 3'500
Name: Hexagon
AB
City/Country: Stockholm
, Sweden/SE
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Hexagon
AB
City/Country: Stockholm
, Sweden/SE
Interest: 100.00%
voting right, 100.00% capital interest (since 2005)
Class: 100%
Name: Leica
Geosystems AB
City/Country: Stockholm,
Sweden/SE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems AS
City/Country: Oslo,
Norway/NO
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems AS
City/Country: Herlev,
Denmark/DK
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Austria GmbH
City/Country: Wien,
Austria/AT
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems BV
City/Country: Rijswijk,
Netherlands/NL
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems GIS & Mapping Llc
City/Country: Atlanta/Georgia,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems GIS & Mapping Pty Ltd
City/Country: Penrith,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest (since 2004)
Class: 100%
Name: Leica
Geosystems GmbH Vertrieb
City/Country: München,
Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems GR Llc
City/Country: Grand
Rapids/Michigan, United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest (since 2000)
Class: 100%
Name: Leica
Geosystems HDS LLC
City/Country: Wilmington/Delaware,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest (since 2000)
Class: 100%
Name: Leica
Geosystems Holdings BV
City/Country: Rijswijk,
Netherlands/NL
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Holdings Inc
City/Country: Wilmington/Delaware,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Inc
City/Country: Wilmington/Delaware,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems KK
City/Country: Tokyo,
Japan/JP
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Lda
City/Country: Aboboda,
Portugal/PT
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Limited
City/Country: Milton
Keynes/Buckinghamshire, United Kingdom/GB
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Limited
City/Country: Quarry
Bay, Hong Kong/HK
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Ltd
City/Country: Willowdale/Ontario,
Canada/CA
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems NV
City/Country: Diegem,
Belgium/BE
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Class: 100%
Name: Leica
Geosystems OOO
City/Country: Moscow,
Russia/RU
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Class: 100%
Name: Leica
Geosystems Pty Ltd
City/Country: Chatswood,
Australia/AU
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems SA de CV
City/Country: Mexico,
Mexico/MX
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Sarl
City/Country: Le
Pecq, France/FR
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems SL
City/Country: Barcelona,
Spain/ES
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems SpA
City/Country: Cornegliano,
Italy/IT
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Leica
Geosystems Technologies Pte Ltd
City/Country: Singapur,
Singapore/SG
Interest: 100.00%
voting right, 100.00% capital interest (since 2004)
Class: 100%
Name: Leica
Geosystems Trade (Beijing) Co. Ltd
City/Country: Beijing,
China/CN
Interest: 100.00%
voting right, 100.00% capital interest (since 2003)
Class: 100%
Name: Leica
Geosystems (Wuhan) Co Ltd
City/Country: Wuhan,
Christmas Island/CX
Interest: 100.00%
voting right, 100.00% capital interest (since 2004)
Class: 100%
Name: Polymeca
AG
City/Country: Heerbrugg/SG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1997)
Class: 20-29%
Name: AED-SICAD
Aktiengesellschaft
City/Country: Bonn,
Germany/DE
Interest: 20.00%
voting right, 20.00% capital interest (since 2001)
Control date Year No. Amount CHF Status
17.08.2010 2010 0
17.08.2010 2009 0
17.08.2010 2008 0
17.08.2010 2007 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 Situation: The financial situation is good.
Payment experiences: Financial obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.