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Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BENNINGER AG |
|
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Registered Office : |
Fabrikstrasse, 9240 Uzwil/SG, Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1859 |
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Com. Reg. No.: |
320.3.043.185-3 / 408376 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The Subject develops and manufactures textile finishing and cord production
ranges as well as providing complete system solutions |
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No. of Employees : |
230 |
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 |
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Status : |
Satisfactory |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
BENNINGER AG
Operating address:
Fabrikstrasse, 9240 Uzwil/SG, Switzerland/CH
Telephone : 071
9558585
Fax :
071 9558747
Web site :
http://www.benningergroup.com
E-mail :
info@benningergroup.com
WIN Worldbox No. :
CH0000020766
VAT-No. :
CHE102334085
Established :
1859
History: 1859 : Established from Henrich + Jakob
Benninger
Line of Business :
Machinery
Industry Division :
Manufacturing
Industry-code (NACE) : 2894 Manufacture of machinery for textile, apparel
and leather production
Import/Export :
Export
Export sales :
98,0%
Quality certification : ISO
9001:2008
Banks :
UBS Ltd
CS Credit Suisse
SGKB St. Galler Kantonalbank
Bayerische Vereinsbank
Coverage :
Company
Figures :
estimated
Employees : 230
The Company develops and manufactures textile finishing and cord
production ranges as well as providing complete system solutions. They offer
solutions for all important textile finishing processes and specializes in the
continuous open width treatment of fabrics and interlaced yarns.
Information on property ownership was not available.
Company No :
320.3.043.185-3 / 408376
Legal form :
Company limited by shares
Registration :
02.09.1997
Legal status :
active
Responsible Register :
Handelsregister des Kantons St. Gallen
History :
Date of Statutes :
20.06.2006
Date of Incorporation Statutes : 29.08.1997
Entry Deleted Name
10.07.2006 Benninger
SA (Name translated)
10.07.2006 Benninger
Ltd (Name translated)
02.09.1997 Benninger
AG
26.10.2001 10.07.2006 Benninger Co.Ltd. (Name translated)
26.10.2001 10.07.2006 Benninger S.A. (Name translated)
Entry Deleted Legal domicile
02.09.1997 Uzwil,
Switzerland
Entry Deleted Address
02.09.1997 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
Entry Deleted Capital
02.09.1997 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
02.09.1997 30,000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
10.07.2006 Betrieb einer
Maschinenfabrik und allgemeiner Maschinenbau, insbesondere Entwicklung,
Fabrikation und Vertrieb von und Handel mit Maschinen zur Herstellung und Veredelung
von Textilien sowie Beratung im Bereich der Textilindustrie. Die Gesellschaft
kann im In- und Ausland Zweigniederlassungen und Betriebsstätten errichten,
sich an andern Unternehmen im In- und Ausland beteiligen, Vertretungen
übernehmen, Finanzierungen für eigene oder fremde Rechnung vornehmen sowie
Sicherheiten, wie namentlich Garantien, Bürgschaften und Pfandrechte, für
verbundene Unternehmen und Dritte einräumen sowie Grundstücke erwerben,
verwalten und veräussern.
02.09.1997 10.07.2006 Betrieb einer Maschinenfabrik,
allgemeiner Maschinenbau, insbesondere
Entwicklung, Fabrikation und Vertrieb von
und Handel mit Maschinen zur Herstellung und Veredelung von Textilien; die
Gesellschaft kann Zweigniederlassungen oder Betriebsstätten im In- und Ausland
errichten, sich an anderen Firmen und Institutionen beteiligen,
Finanzdienstleistungen erbringen sowie Grundstücke und Immaterialgüterrechte
erwerben, verwalten und veräussern.
Entry Deleted Remarks (original Language)
10.07.2006 Reports: Die
Mitteilungen an die Aktionäre erfolgen brieflich, oder nach Ermessen des
Verwaltungsrates durch eingeschriebenen Brief.
19.04.2006 Merger:
Übernahme der Aktiven und Passiven der Benninger Textile Systems AG, in Uzwil
(CH-320.3.043.141-9) gemäss Fusionsvertrag vom 13.04.2006 und Bilanz per
31.12.2005. Aktiven von CHF 17'861'618.11 und Fremdkapital von CHF
13'574'804.55 gehen auf die übernehmende Gesellschaft über. Es findet keine
Kapitalerhöhung statt, da die Aktionäre der übertragenden Gesellschaft die
anlässlich der Fusion erworbenen eigenen Aktien der übernehmenden Gesellschaft
erhalten.
19.04.2006 Merger:
Übernahme der Aktiven und Passiven der Benninger Holding AG, in Uzwil
(CH-320.3.025.965-7) gemäss Fusionsvertrag vom 13.04.2006 und Bilanz per
31.12.2005. Aktiven von CHF 5'582'566.24 und Fremdkapital von CHF 0.-- gehen
auf die übernehmende Gesellschaft über. Es findet keine Kapitalerhöhung statt,
da die Aktionäre der übertragenden Gesellschaft die anlässlich der Fusion
erworbenen eigenen Aktien der übernehmenden Gesellschaft erhalten.
26.10.2001 Note: Die
Übersetzungen der Firma wurden bei der Gründung im Jahre 1997 versehentlich
nicht eingetragen.
13.11.1997 Contribution in
kind/Asset takeover: Die Gesellschaft übernimmt bei der Gründung einen Teil der
Aktiven und Passiven der Benninger Textile Systems AG, in Uzwil, nämlich den
Geschäftsbereich "Textilmaschinen", gemäss Sacheinlagebilanz per
31.12.1996, wonach die übernommenen Aktiven CHF 65'544'000.-- und die
übernommenen Passiven CHF 57'544'000.-- betragen, wofür 30'000 Namenaktien zu
CHF 100.-- ausgegeben und CHF 5'000'000.-- in den Reserven gutgeschrieben
werden.
02.09.1997 Publishing
authority: SHAB.
Title Name
President Peter Schifferle,
Origin: Döttingen, Switzerland, Residential address: Hard bei Weinfelden,
Switzerland, joint signature of two, Registered since: 10.07.2006
Vice-President Rolf Friedli, Origin:
Ursenbach, Switzerland, Residential address: Herrliberg, Switzerland, joint
signature of two, Registered since: 01.03.2006
Director Jürg Henz,
Origin: Brugg, Bärschwil, Switzerland, Residential address: Zuzwil/SG,
Switzerland, joint signature of two, Registered since: 27.12.2011
Director Daniel
Hirschi, Origin: Rüschegg, Switzerland, Residential address: 2500
Biel/Bienne/BE, Switzerland, joint signature of two, Registered since:
16.03.2007
Director Christian
Kuoni, Origin: Maienfeld, Switzerland, Residential address: Zeiningen,
Switzerland, joint signature of two, Registered since: 10.07.2006
Director Boris
Zoller, Origin: Au SG, Switzerland, Residential address: St. Gallen,
Switzerland, joint signature of two, Registered since: 08.01.2013
Title Name
Member with signing authority Carmen
Hayoz, Origin: Ueberstorf, Switzerland, Residential address: Busswil/TG,
Switzerland, joint signature of two, Registered since: 02.09.2008
Member with
signing authority Gerhard Huber,
Origin: Salenstein, Switzerland, Residential address: 8268 Salenstein/TG, Switzerland,
joint signature of two, Registered since: 21.07.2003
Member with
procuration Guido Benz, Origin:
Marbach SG, Switzerland, Residential address: Niederuzwil/SG, Switzerland,
joint power of attorney of two, Registered since: 26.03.1998
Member with procuration Fabio Bonomi, Origin: Italy,
Residential address: Oberuzwil/SG, Switzerland, joint power of attorney of two,
Registered since: 12.11.1999
Member with
procuration Jürg Brander,
Origin: Bütschwil, Switzerland, Residential address: 9240 Uzwil/SG, Switzerland,
joint power of attorney of two, Registered since: 12.11.1999
Member with
procuration Paul Dürr, Origin:
Gams, Switzerland, Residential address: Oberuzwil/SG, Switzerland, joint power
of attorney of two, Registered since: 04.03.1999
Member with
procuration Adolf Gehrig,
Origin: Degersheim, Switzerland, Residential address: Flawil, Switzerland,
joint power of attorney of two, Registered since: 07.06.2004
Member with
procuration Jürgen Ströhle,
Origin: Austria, Residential address: Dornbirn, Austria, joint power of
attorney of two, Registered since: 19.03.2001
Title Name
Auditor Ernst &
Young AG, Residential address: St. Gallen, Switzerland, Registered since:
10.07.2006
Title Name
Chief Executive Officer Gerhard
Huber
Chief Financial Officer Carmen
Hayoz
Name :
Benninger Holding AG
City/Country :
Uzwil/SG, Switzerland/CH
No. of Owner/-s : 1
Owner :
The company is domestic owned.
Class :
100%
Type :
direct, Group-Level 1
Name :
Benninger Holding AG
City/Country :
Uzwil/SG, Switzerland/CH
Interest :
100,00% voting right, 100,00% capital interest
Class :
100%
Name :
Benninger Automation GmbH
City/Country :
Zell im Wiesental/Baden-Württemberg, Germany/DE
Interest :
100,00% voting right, 100,00% capital interest
Class :
100%
Name :
Benninger India Private Limited
City/Country :
Mumbai/Maharashtra, India/IN
Interest :
100,00% voting right, 100,00% capital interest
Class :
100%
Name :
Benninger Trading (Shanghai) Co. Ltd.
City/Country :
Shanghai, China/CN
Interest :
100,00% voting right, 100,00% capital interest
Class :
100%
Name :
Benninger Zell GmbH
City/Country :
Zell, Germany/DE
Interest :
100,00% voting right, 100,00% capital interest
Class :
100%
Name :
Küsters Textile Gesellschaft mit beschränkter Haftung
City/Country :
Zittau, Germany/DE
Interest :
100,00% voting right, 100,00% capital interest (since 2008)
Control date Year No. Amount
CHF Status
20.03.2013 2013 0
20.03.2013 2012 0
20.03.2013 2011 0
20.03.2013 2010 0
20.03.2013 2009 0
20.03.2013 2008 1 109,116.-- Opposition filed
22.03.2010 2007 0
06.03.2009 2006 0
06.03.2009 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 in order.
Payment experiences : Financial
obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.