|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GEOBRUGG AG |
|
|
|
|
Registered Office : |
Aachstrasse 11 8590 Romanshorn/TG |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
24.05.1991 |
|
|
|
|
Com. Reg. No.: |
440.3.005.222-8 / 264167 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacture of wire products, chain and springs |
|
|
|
|
No. of Employees : |
120 |
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 (31.03.2011) |
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
Geobrugg AG
Operating
address:
Aachstrasse 11
8590 Romanshorn/TG
Switzerland/CH
Telephone: 071
4668155
Fax: 071
4668150
Web
site: http://www.geobrugg.com
E-mail: info@geobrugg.com
VAT-No.: CHE100826058
Established: 1991
Line
of Business: Metal/steel
Industry
Division: Manufacturing
Industry-code (NACE): 2593 Manufacture of wire products, chain and
springs
Import/Export: Export
Banks: unknown
Coverage: Company
Employees: 120
The Company develops and produces netting and
mesh made from high-tensile steel wire for technologically mature geohazard
solutions, for ground support and open pit mining and security applications
which are installed worldwide.
Geobrugg concentrates on the following two
business areas:
Geobrugg Geohazard Solutions:
Systems with steel wire netting and mesh
protecting from natural hazards, such as rockfall, unstable slopes, landslides,
mudflow and snow avalanches.High-tensile steel wire mesh for rockfall
protection and rock stabilization in open pit mines as well as ground support
in underground mining.
Geobrugg Security Engineering:
Special steel wire net and mesh as escape
and intrusion protection for penitentiaries, boat barriers for harbor as well
as offshore oil and gas production facilities, protection fences for
motorsports race circuits, rocket propelled grenades protection for armored
vehicles and ships.Special architecture mesh for sports stadiums and parking
garages as building facades, stairwells and fall protection. Ball catch fence for
sports stadiums. Rollaway fence system for sports stadiums and major events.
Information on property ownership was not
available.
Company
No: 440.3.005.222-8 / 264167
Legal
form: Company limited by
shares
Registration: 24.05.1991
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Thurgau
History: Date of Incorporation
Statutes: 08.05.1991
Date of
Statutes: 17.10.2007
Entry Deleted Name
22.10.2007 Geobrugg
AG
22.10.2007 Sifa Romanshorn AG
Entry Deleted Legal domicile
active Romanshorn,
Switzerland
Entry Deleted Address
23.06.2009 Aachstrasse
11, 8590 Romanshorn/TG, Switzerland/CH
03.01.2008 23.06.2009 Hofstrasse 55, 8590 Romanshorn/TG,
Switzerland/CH
Entry Deleted Capital
22.10.2007 Share
Capital CHF 1'000'000, paidup CHF 1'000'000
Entry Deleted Capital Structure
22.10.2007 1'000
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
22.10.2007 Entwicklung,
Konstruktion und Herstellung von Schutzsystemen gegen Naturgefahren
(Steinschlag-, Murgang-, Lawinenverbauungs- und
Böschungsstabilisierungssystemen sowie verwandte Schutzsysteme), Entwicklung,
Konstruktion und Herstellung von Seil-, Netz- und Geflechtsverbindungen
(Membran-, Fassaden, Brückenbau, Architektur und Sicherheitsanwendungen sowie
verwandte Applikationen), Handel mit Draht- und Seilprodukten (Drahtseile,
Litzen, Spezialdrähte, Netze, Geflechte, Verbindungselemente, Zubehör sowie
verwandten Erzeugnissen), Wahrung des Interesses der mit ihr im Konzern
verbundenen Gesellschaften (Schwester- und Muttergesellschaften), auch ohne
angemessene Gegenleistung. Die Gesellschaft kann Grundstücke, Lizenzen und
Patente erwerben, sich an anderen Unternehmen beteiligen, Tochtergesellschaften
und Zweigniederlassungen im In- und Ausland errichten und Darlehen oder
Sicherheiten an die mit ihr im Konzern verbundenen Gesellschaften gewähren.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
03.10.2008 Business
address: Casella postale 239, 6595 Riazzino.
22.10.2007 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
22.10.2007 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch Brief oder Telefax an die im
Aktienbuch verzeichneten Adressen.
Title Name
President Otto H.
Suhner, Origin: Urnäsch, Switzerland, Residential address: 5224 Unterbözberg,
Switzerland, joint signature of two
Vice-President Reto Wartmann,
Origin: Bauma, Switzerland, Residential address: 6023 Rothenburg, Switzerland,
joint signature of two
Director Dr.
François Carrard, Origin: Poliez-Pittet, Switzerland, Residential address: 1096
Cully, Switzerland, without signature
Director Dr. Kurt
Fischer, Origin: Dottikon, Switzerland, Residential address: 5605 Dottikon,
Switzerland, without signature
Director Rudolf
Hug, Origin: Muolen, Niederbüren, Switzerland, Residential address: 5452
Oberrohrdorf, Switzerland, without signature
Director Jürg
Suhner, Origin: Urnäsch, Switzerland, Residential address: Baden, Switzerland,
without signature, Registered since: 24.05.2012
Director Roland
Widmer, Origin: Lengnau, Switzerland, Residential address: Lengnau, without
signature
Title Name
General
Manager Bernhard
Eicher, Origin: Goldingen, Switzerland, Residential address: Winden (Egnach),
joint signature of two
Member
with signing authority Urs Schnell,
Origin: Maienfeld, Switzerland, Residential address: 5242 Lupfig, Switzerland,
joint signature of two
Member
with signing authority Ronald
Schönenberger, Origin: Kirchberg SG, Switzerland, Residential address: 8593
Kesswil, Switzerland, joint signature of two
Member
with signing authority Stephan
Wartmann, Origin: Bauma, Brugg, Switzerland, Residential address: 8592 Uttwil,
Switzerland, joint signature of two
Member
with signing authority Markus
Zürcher, Origin: Horgen, Switzerland, Residential address: 9325 Roggwil/TG,
Switzerland, joint signature of two
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: St. Gallen, Switzerland
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 651'915.0 701'296.0 696'805.0 753'181.0 641'356.0
Operating result 4'057.0 24'488.0 12'615.0 33'603.0 21'721.0
Capital 6'000.0 6'000.0 6'000.0 6'000.0 6'000.0
Depreciation 22'240.0 30'220.0 30'216.0 24'399.0 17'113.0
Cash flow 26'297.0 54'708.0 42'831.0 58'002.0 38'834.0
Investments in
tangible fixed assets 33'340.0 28'678.0 56'361.0 59'587.0 21'617.0
Orders received 674'937.0 706'294.0 684'666.0 727'442.0 701'522.0
Sales per Employee 325.0 358.0 379.0 391.3 381.1
Employees at year end 2'005 1'959 1'840 1'925 1'683
Employees inland 1'225 1'200 1'145 1'159 1'109
Employees abroad 780 759 695 766 574
Name: Kabelwerke Brugg AG
Holding
City/Country: Brugg/AG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Kabelwerke Brugg AG
Holding
City/Country: Brugg/AG, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Name: Brugg (Asia) Pte Ltd
City/Country: Singapore, Singapore/SG
Name: BRUGG Immobilien AG
City/Country: Brugg/AG, Switzerland/CH
Name: Brugg Kabel AG
City/Country: Brugg/AG, Switzerland/CH
Name: Brugg Rohr AG Holding
City/Country: Brugg/AG, Switzerland/CH
Name: Brugg Seiltechnik
Holding AG
City/Country: Brugg/AG, Switzerland/CH
Name: Rittmeyer AG
City/Country: Baar/ZG, Switzerland/CH
Class: 100%
Name: Geobrugg Austria GmbH
City/Country: Salzburg, Austria/AT
Interest: 100.00% voting right, 100.00%
capital interest
Control date Year No. Amount CHF Status
21.09.2011 2011 0
21.09.2011 2010 0
21.09.2011 2009 0
21.09.2011 2008 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: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.