MIRA INFORM REPORT
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Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
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Name : |
USTER TECHNOLOGIES AG |
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Registered Office : |
Sonnenbergstrasse 10, 8610 Uster/ZH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2011 |
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year of Establishment : |
1949 |
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Com. Reg. No.: |
170.3.030.026-8 / 852732 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
400-599 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 - 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
3.0% 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
safe-haven 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 1.9% in 2011 and 0.8%
in 2012. 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 is
considering 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
Uster Technologies
AG
Sonnenbergstrasse 10
8610 Uster/ZH
Switzerland/CH
Telephone: 043
3663636
Fax: 043
3663637
Web site: http://www.uster.com
E-mail: info@uster.com
WIN Worldbox No.: CH0000046135
VAT-No.: CHE113246640
Established: 1949
Line
of Business: Machinery, Financial
services
Industry
Division: Manufacturing, Services
Industry-code (NACE): 2894 Manufacture of machinery for textile, apparel
and leather production
6420 Activities of holding companies
Import/Export: Export
Export
sales: 99.4%
Banks: unknown
Organisation
level: Ultimate Parent
Quoted: Yes
Stock
exchange: Swiss Exchange SIX
Main Standard
Symbol: USTN
Coverage: Group
Employees: 400-599
Sales: CHF 100-200 Mio
The company is the world leader in textile electronics and provides
systems to monitor and control the quality throughout the textile industry.
Information on property ownership was not available.
Company
No: 170.3.030.026-8 / 852732
Legal
form: Company limited by
shares
Registration: 06.11.2006
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich (since 19.06.2007)
History: Date of Statutes:
18.06.2007
Date of
Statutes: 29.05.2012
Date of
Statutes: 29.05.2012
Date of
Statutes: 29.03.2011
Date of
Statutes: 30.03.2010
Date of
Statutes: 02.11.2009
Date of
Statutes: 31.03.2009
Date of Statutes:
18.03.2008
Date of
Statutes: 18.10.2007
Date of
Statutes: 04.10.2007
Date of
Incorporation Statutes: 03.11.2006
Entry Deleted Name
19.06.2007 Uster
Technologies AG
19.06.2007 Uster
Technologies SA (Name translated)
19.06.2007 Uster
Technologies Ltd (Name translated)
06.11.2006 19.06.2007 Hercules Holding AG
06.11.2006 19.06.2007 Hercules Holding SA (Name translated)
06.11.2006 19.06.2007 Hercules Holding Ltd (Name translated)
Entry Deleted Legal domicile
19.06.2007 Uster,
Switzerland
06.11.2006 19.06.2007 Zug, Switzerland
Entry Deleted Address
01.12.2008 Sonnenbergstrasse
10, 8610 Uster/ZH, Switzerland/CH
19.06.2007 01.12.2008 Wilstrasse 11, 8610 Uster/ZH, Switzerland/CH
Entry Deleted Capital
07.06.2012 Share
Capital CHF 82'301'700, paidup CHF 82'301'700
02.11.2009 07.06.2012 Share Capital CHF 79'524'000, paidup CHF
79'524'000
10.06.2008 02.11.2009 Share Capital CHF 61'664'000, paidup CHF
61'664'000
Entry Deleted Capital Structure
07.06.2012 8'755'500
Registered shares of CHF 9.40
02.11.2009 07.06.2012 8'460'000 Registered shares of CHF 9.40
10.06.2008 02.11.2009 6'560'000 Registered shares of CHF 9.40
Entry Deleted Activity (original Language)
04.10.2007 Der
Zweck der Gesellschaft ist die Entwicklung, Herstellung und der Vertrieb von
Maschinen und Apparaten aller Art sowie die Erbringung von Dienstleistungen in
den Bereichen elektronische Test- und Überwachungssysteme und Messinstrumente
für den Herstellungsprozess von Textilien und damit verwandten Gebieten. Die
Gesellschaft ist befugt, Zweigniederlassungen und Konzerngesellschaften in der
Schweiz und im Ausland zu errichten und sich an anderen Unternehmen im In- und
Ausland zu beteiligen. Die Gesellschaft kann für andere Gesellschaften des
Konzerns Sicherheiten gewähren und Garantieverpflichtungen übernehmen. Die
Gesellschaft kann ferner alle Geschäfte tätigen, die geeignet erscheinen, den
Zweck der Gesellschaft zu fördern, oder die mit diesem zusammenhängen. Die
Gesellschaft kann Grundstücke und Immaterialgüterrechte im In- und Ausland
erwerben, verwalten, verwerten und verkaufen sowie andere Gesellschaften
finanzieren.
19.06.2007 04.10.2007 Die Gesellschaft bezweckt die Herstellung und
den Vertrieb von Maschinen und Apparaten aller Art sowie die Erbringung von
Dienstleistungen in den Bereichen elektronische Test- und Überwachungssysteme
und Messinstrumente für den Herstellungsprozess von Textilien und damit
verwandten Gebieten. Die Gesellschaft kann Patente, Handelsmarken und
technische und industrielle Kenntnisse erwerben, verwalten und übertragen; die
Gesellschaft kann sich an anderen Industrie- und Handelsunternehmen beteiligen,
im In- und Ausland Zweigniederlassungen errichten und Tochtergesellschaften
gründen und alle mit den vorgenannten Zwecken unmittelbar oder mittelbar
zusammenhängende Geschäfte tätigen. Die Gesellschaft kann Grundstücke im In-
und Ausland erwerben, verwalten und veräussern. Die Gesellschaft kann
Finanzierungsgeschäfte sowohl mit Dritten wie auch mit Aktionären oder mit ihr
direkt oder indirekt verbundenen Gesellschaften tätigen und kann auch für
Verpflichtungen ihrer Aktionäre und von direkt oder indirekt verbundenen
Gesellschaften Sicherheiten insbesondere in Form von Garantien, Pfändern,
Globalzessionen, Sicherungsübereignungen oder Sicherungsabtretungen stellen.
06.11.2006 19.06.2007 Dauernde Verwaltung und Veräusserung von
Beteiligungen an Unternehmen aller Art; sie kann Garantien zugunsten von
verbundenen Gesellschaften stellen, Grundstücke erwerben, halten und
veräussern.
Entry Deleted Remarks (original Language)
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten
beschränkt.
07.06.2012 Capital:
Kapitalerhöhung aus bedingtem Aktienkapital.
07.06.2012 Capital:
Die Bestimmung über die bedingte Kapitalerhöhung ist infolge Ausübung bzw.
Erlöschung der verbleibenden Optionsrechte aufgehoben.
02.11.2009 Capital:
Kapitalerhöhung aus genehmigten Aktienkapital.
06.05.2009 Capital:
Die Gesellschaft hat mit Beschluss vom 31.03.2009 eine genehmigte Kapitalerhöhung
gemäss näherer Umschreibung in den Statuten beschlossen.
10.06.2008 Shares:
Bei der Kapitalherabsetzung vom 18.03.2008 wird der Nennwert der 6'560'000
Namenaktien zu CHF 10.00 auf CHF 9.40 herabgesetzt und je CHF 0.60 pro Aktie
zurückbezahlt; die Beachtung der gesetzlichen Vorschriften von Art. 734 OR wird
mit öffentlicher Urkunde vom 03.06.2008 festgestellt.
04.10.2007 Reports:
Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch die Publikation
im SHAB. Soweit das Gesetz zwingend eine persönliche Mitteilung verlangt,
erfolgen Mitteilungen der Gesellschaft an Aktionäre durch gewöhnlichen Brief an
die im Aktienbuch zuletzt eingetragene Adresse des Aktionärs.
19.06.2007 Merger:
Übernahme der Aktiven und Passiven der Uster Technologies AG, in Uster
(CH-320.3.049.161-3), gemäss Fusionsvertrag vom 18.06.2007 und Bilanz per
31.12.2006. Aktiven von CHF 95'453'000.-- und Passiven (Fremdkapital) von CHF
80'224'000.-- gehen auf die übernehmende Gesellschaft über. Da die übernehmende
Gesellschaft sämtliche Aktien der übertragenden Gesellschaft hält, findet weder
eine Kapitalerhöhung noch eine Aktienzuteilung statt.
11.12.2006 Contribution
in kind/Asset takeover: 153'799 Namenaktien zu CHF 100.-- der Uster
Technologies AG, in Uster, gemäss Sachübernahmevertrag vom 07.11.2006 zum Preis
von CHF 288'000'000.--.
11.12.2006 Intended
asset takeover: 701 Namenaktien zu CHF 100.-- der Uster Technologies AG, in
Uster, zum Preis von CHF 182'014.65.
06.11.2006 Publishing
authority: SHAB.
06.11.2006 Intended
asset takeover: 153'799 Namenaktien zu CHF 100.-- der Uster Technologies AG, in
Uster, zum Preis von maximal CHF 288'000'000.--.
11.04.2011 07.06.2012 Capital: Die Gesellschaft hat mit Beschluss
vom 29.03.2011 eine bedingte Kapitalerhöhung gemäss näherer Umschreibung in den
Statuten beschlossen.
21.04.2010 07.06.2012 Capital: Die Gesellschaft hat mit Beschluss
vom 30.03.2010 eine genehmigte Kapitalerhöhung gemäss näherer Umschreibung in
den Statuten beschlossen.
Title Name
President Max-Ulrich
Zellweger, Origin: Basel, Switzerland, Residential address: Meggen,
Switzerland, born: 1941, joint signature of two
Director Philip
Mosimann, Origin: Lauperswil, Switzerland, Residential address: St. Gallen/SG,
Switzerland, joint signature of two, Registered since: 22.06.2012
Director Barry
James Mulady, Origin: United Kingdom, Residential address: East Sussex, United
Kingdom, born: 1947, joint signature of two
Director Akira
Onishi, Origin: Japan, Residential address: Kariya City, Japan, born: 1958,
joint signature of two, Registered since: 21.04.2010
Director Dr.
Geoffrey Scott, Origin: United Kingdom, Residential address: 8702 Zollikon/ZH,
Switzerland, born: 1954, single signature
Title Name
Member
with signing authority Harold R.
Hoke, Origin: United States of America, Residential address: 8610 Uster/ZH,
Switzerland, born: 1954, joint signature of two
Member
with signing authority Peter Huber,
Origin: Buchs ZH, Switzerland, Residential address: 8623 Wetzikon/ZH, Switzerland,
born: 23.12.1966, joint signature of two, Registered since: 05.03.2012
Member
with signing authority Renato Murk,
Origin: Müstair, Switzerland, Residential address: Egg, Switzerland, born:
1956, joint signature of two
Member
with signing authority Thomas Nasiou,
Origin: Greece, Residential address: 8610 Uster/ZH, Switzerland, born:
12.08.1970, joint signature of two, Registered since: 05.03.2012
Member
with signing authority Rafael Storz,
Origin: Germany, Residential address: 8280 Kreuzlingen/TG, Switzerland, born:
1967, joint signature of two
Title Name
Auditor Ernst
& Young AG, Residential address: Zürich, Switzerland, Id: 020.9.001.069-0
Title Name
Chief
Executive Officer Dr.
Geoffrey Scott
Chief
Sales Officer Harold
R. Hoke
Chief
Development Officer Rafael Storz
Chief
Business Segment Officer Thomas Nasiou
Chief
Logistics Officer Renato
Murk
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
Statement norm: IAS IAS IAS IAS IAS
Intangible fixed
assets 304'325.0 318'992.0 333'789.0 349'032.0 364'129.0
Land and buildings 2'002.0 2'129.0 2'452.0 2'667.0 3'000.0
Other tangible
fixed assets 9'614.0 8'134.0 7'208.0 5'572.0 3'957.0
Tangible fixed
assets 11'616.0 10'263.0 9'660.0 8'239.0 6'957.0
Financial fixed
assets 200.0 173.0 168.0 225.0 182.0
other fixed assets 16'214.0 15'805.0 17'652.0 17'825.0 19'921.0
Fixed assets 332'355.0 345'233.0 361'269.0 375'321.0 391'189.0
Stocks 14'645.0 12'373.0 10'451.0 12'233.0 15'893.0
Trade accounts
receivable 23'809.0 17'892.0 15'108.0 12'235.0 16'203.0
Liquid assets 28'816.0 21'049.0 15'053.0 7'490.0 5'383.0
other trade
accounts 3'222.0 2'907.0 1'840.0 1'734.0 2'615.0
Accruals 805.0 1'018.0 792.0 774.0
Other current
assets 32'843.0 23'956.0 17'911.0 10'016.0 8'772.0
Current assets 71'297.0 54'221.0 43'470.0 34'484.0 40'868.0
Total assets 403'652.0 399'454.0 404'739.0 409'805.0 432'057.0
Capital 79'524.0 79'524.0 79'524.0 61'664.0 65'600.0
Other shareholders
funds 172'686.0 145'134.0 124'083.0 97'878.0 92'994.0
Total shareholders
equity 252'210.0 224'658.0 203'607.0 159'542.0 158'594.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt
(financial debts) 59'468.0 87'518.0 114'277.0 154'036.0 168'795.0
Provisions 4'763.0 1'353.0 1'282.0 2'735.0 2'057.0
Other non current
liabilities 41'267.0 42'360.0 50'133.0 58'403.0 60'457.0
Non current
liabilities 105'498.0 131'231.0 165'692.0 215'174.0 231'309.0
short term debt
(financial debts) 10'000.0 10'000.0 11'900.0 12'111.0 10'218.0
Trade accounts
payable 14'052.0 12'262.0 4'434.0 7'277.0 12'705.0
Provisions 2'601.0 8'642.0 1'182.0 3'916.0 2'200.0
Accruals 14'441.0 11'527.0 11'212.0 10'940.0 15'561.0
other accounts
payable 4'850.0 1'134.0 6'712.0 845.0 1'470.0
other current
liabilities 21'892.0 21'303.0 19'106.0 15'701.0 19'231.0
Current
liabilities 45'944.0 43'565.0 35'440.0 35'089.0 42'154.0
Shareh. equity,
min. interests + liabilities 403'652.0 399'454.0 404'739.0 409'805.0 432'057.0
Sales 192'510.0 132'841.0 100'763.0 154'893.0 186'666.0
Reduction of
proceeds 4'361.0 2'746.0 2'858.0 1'925.0 3'087.0
Net sales 188'149.0 130'095.0 97'905.0 152'968.0 183'579.0
Other operating
revenue 156.0 71.0 329.0 77.0 864.0
Operating revenue 188'305.0 130'166.0 98'234.0 153'045.0 184'443.0
Cost of goods sold 68'348.0 52'978.0 41'631.0 61'952.0 76'212.0
Gross profit 119'957.0 77'188.0 56'603.0 91'093.0 108'231.0
Other operating
expenses 78'597.0 57'757.0 49'146.0 72'193.0 74'478.0
Operating result 41'360.0 19'431.0 7'457.0 18'900.0 33'753.0
Interest revenues 253.0 140.0 609.0 2'739.0 1'706.0
other financial revenues 2'228.0 2'303.0
Financial income 2'481.0 2'443.0 609.0 2'739.0 1'706.0
Interest expenses 2'294.0 5'367.0 7'653.0 12'950.0 28'571.0
other financial
expenses 1'900.0 2'213.0
Financial expenses 4'194.0 7'580.0 7'653.0 12'950.0 28'571.0
Financial result -1'713.0 -5'137.0 -7'044.0 -10'211.0 -26'865.0
Result before
extraordinary items 39'647.0 14'294.0 413.0 8'689.0 6'888.0
Extraordinary
Result 0.0 0.0 0.0 0.0 0.0
Result before
taxes 39'647.0 14'294.0 413.0 8'689.0 6'888.0
Taxes 3'410.0 -6'469.0 -665.0 3'373.0 3'301.0
Result before
minority interests 36'237.0 20'763.0 1'078.0 5'316.0 3'587.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the
financial year 36'237.0 20'763.0 1'078.0 5'316.0 3'587.0
Depreciation 3'055.0 2'393.0 1'741.0 1'880.0 1'955.0
Cash flow 39'292.0 23'156.0 2'819.0 7'196.0 5'542.0
Cash flow from
operating activities 54'017.0 42'645.0 14'278.0 32'756.0 39'225.0
Investments in
tangible fixed assets 4'464.0 3'408.0 3'319.0 3'513.0 1'991.0
Cash flow from
investing activities -4'835.0 -3'634.0 -3'000.0 -3'347.0 -2'016.0
Cash flow from
financing activities -41'310.0 -32'729.0 -4'015.0 -27'413.0 -39'727.0
Others -105.0 -286.0 300.0 111.0 -492.0
Change in
liquidity 7'767.0 5'996.0 7'563.0 2'107.0 -3'010.0
Liquidity at
beginning of the year 21'049.0 15'053.0 7'490.0 5'383.0 8'393.0
Liquidity at end
ot the year 28'816.0 21'049.0 15'053.0 7'490.0 5'383.0
Material costs 68'348.0 52'978.0 41'631.0 61'952.0 76'212.0
Cost of employees 47'818.0 39'408.0 31'647.0 50'838.0 50'454.0
Research and
Development 18'174.0 14'916.0 11'010.0 19'857.0 18'645.0
Added value 92'814.0 61'462.0 41'454.0 23'519.0 88'707.0
Working Capital 24'402.0 18'003.0 21'125.0 17'191.0 19'391.0
Sales per Employee 377.8 292.3 218.1 285.4 347.0
Market
capitalisation 348'552.0 271'989.0 225'882.0 61'730.0 324'720.0
Gross cost land
and buildings 2'671.0 2'661.0 2'893.0 2'968.0 3'161.0
Gross cost other
tangible fixed assets 18'442.0 14'619.0 11'818.0 9'094.0 5'893.0
Gross cost total 21'113.0 17'280.0 14'711.0 12'062.0 9'054.0
Insurance value
land and buildings 4'944.0 7'183.0 5'325.0 5'548.0 5'851.0
Insurance value
other tang. fixed assets 29'549.0 27'271.0 25'537.0 24'315.0 21'465.0
Insurance value
total 34'493.0 34'454.0 30'862.0 29'863.0 27'316.0
Full time units at
year end 498 445 449 536 529
Name: Toyota Industries
Corporation
City/Country: Aichi-ken, Japan/JP
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Toyota Industries Corporation
City/Country: Aichi-ken, Japan/JP
Interest: 100.00% voting right,
100.00% capital interest (since 30.10.2009)
Name: Toyota Textile
Machinery Europe AG
City/Country: Uster/ZH, Switzerland/CH
Class: 100%
Name: Uster Technologies de
Mexico SA de CV
City/Country: Tlalnepantla, Mexico/MX
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies
GmbH
City/Country: Grünwald/Bayern, Germany/DE
Interest: 100.00% voting right, 100.00%
capital interest
Class: 100%
Name: Uster Technologies
Holding (Thailand) Ltd.
City/Country: Bangkok, Thailand/TH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies Inc
City/Country: Knoxville/Tennessie, United
States of America/US
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies
(India) Marketing Private Limited
City/Country: BANGALORE/Karnataka, India/IN
Interest: 100.00% voting right,
100.00% capital interest (since 25.08.2010)
Class: 100%
Name: Uster Technologies
(India) Private Limited
City/Country: BANGALORE/Karnataka, India/IN
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies KK
City/Country: Osaka-fu, Japan/JP
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies
(Shanghai) Trading Co Ltd
City/Country: Shanghai, China/CN
Interest: 100.00% voting right,
100.00% capital interest (since 2010)
Class: 100%
Name: Uster Technologies
Sulamericana Ltda
City/Country: Alphaville-Barueri/Sao Paulo,
Brazil/BR
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Technologies
(Suzhou) Co Ltd
City/Country: Suzhou, China/CN
Interest: 100.00% voting right,
100.00% capital interest (since 2005)
Class: 100%
Name: Uster Technologies
(Thailand) Ltd
City/Country: Bangkok, Thailand/TH
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Uster Teknoloji
Ticaret AS
City/Country: Merter/Istanbul, Turkey/TR
Interest: 100.00% voting right,
100.00% capital interest (since 2005)
Control date Year No. Amount CHF Status
17.03.2011 2011 0
17.03.2011 2010 0
17.03.2011 2009 0
17.03.2011 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.84.44 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.