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Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KLINGELNBERG AG |
|
|
|
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Registered Office : |
Binzmühlestrasse 171 8050 Zürich/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
24.06.1991 |
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Reg. No.: |
020.3.000.805-4 / 267691 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacturing of Machinery and Financial services |
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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 : |
Satisfactory |
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|
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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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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 |
KLINGELNBERG AG
Binzmühlestrasse 171
8050 Zürich/ZH
Switzerland/CH
Telephone: 044 2787878
Fax: 044 2731594
Web site: http://www.klingelnberg.com
E-mail: info@klingelnberg.com
WIN No.: CH0000469482
VAT-No.: CHE106075267
Established: 1863
Line of Business: Machinery,
Financial services
Industry Division: Manufacturing,
Services
Industry-code (NACE): 2841 Manufacture of metal forming machinery
6420 Activities
of holding companies
Import/Export: Import, Export
Export sales: 98.0%
Quality certification: ISO
9001:2008
ISO 14001:2009
Banks: CS Credit Suisse
Deutsche Bank
Coverage: Company
Figures: approximately
Employees: 100
Sales: CHF 80-100 Mio
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.
Information on property ownership was not available.
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
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
Title Name
President Diether Klingelnberg, Origin: Germany,
Residential address: Remscheid, Germany, single signature
Director Arthur Bolliger, Origin: Teufen AR,
Schlossrued, Switzerland, Residential address: 9053 Teufen/AR, Switzerland,
joint signature of two
Director Hans-Georg Härter, Origin: Germany,
Residential address: Friedrichshafen, Germany, joint signature of two
Director Dr. Hans-Martin
Schneeberger, Origin: Ochlenberg, Switzerland, Residential address: 4900
Langenthal/BE,
Switzerland, joint signature of two
Title Name
Director Tomas
Kirschenfauth, Origin: Germany, Residential address: 8001 Zürich/ZH,
Switzerland, joint signature of two
Director Jan
Klingelnberg, Origin: Germany, Residential address: 8700 Küsnacht/ZH,
Switzerland, single signature
Director Dr.
Hartmuth Müller, Origin: Germany, Residential address: 8001 Zürich/ZH,
Switzerland, joint signature of two
Vice-Director Alfred Kohler,
Origin: Zürich, Sumiswald, Switzerland, Residential address: 5621 Zufikon/AG,
Switzerland, joint signature of two
Member with
procuration Peter Biemer,
Origin: Germany, Residential address: Hückeswagen, Germany, joint power of
attorney of two
Member with
procuration René Bossart,
Origin: Oberbüren, Niederbüren, Switzerland, Residential address: 8315
Lindau/ZH, Switzerland, joint power of attorney of two
Member with
procuration Richard Doney,
Origin: United Kingdom, Residential address: 8708 Männedorf/ZH, Switzerland,
joint power of attorney of two
Member with
procuration Heinz Eder,
Origin: Zürich, Switzerland, Germany, Residential address: 8001 Zürich/ZH,
Switzerland, joint power of attorney of two
Member with
procuration Cornelia Kamber,
Origin: Metzerlen-Mariastein, Switzerland, Residential address: Hinwil,
Switzerland, joint power of attorney of two, Registered since: 24.03.2011
Member with
procuration Ellen Ludwig,
Origin: Germany, Residential address: Neuss, Germany, joint power of attorney
of two
Member with
procuration Eike Prinz,
Origin: Germany, Residential address: Wermelskirchen, Germany, joint power of
attorney of two, Registered since: 18.10.2011
Member with
procuration Dr. Tim Sadek,
Origin: Germany, Residential address: Mülheim an der Ruhr, Germany, joint power
of attorney of two, Registered since: 20.06.2012
Member with
procuration Markus Schulte,
Origin: Germany, Residential address: Olpe-Sondern, Germany, joint power of
attorney of two
Title Name
Auditor PricewaterhouseCoopers AG, Residential address: Zürich,
Switzerland
Title Name
Chief Executive Officer Jan
Klingelnberg
Ultimate Parent Company
Name: Klingelnberg Luxemburg AG
City/Country: Luxemburg,
Luxembourg/LU
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)
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/Yokohama,
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
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.
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.55.69 |
|
|
1 |
Rs.89.19 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.