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Report Date : |
11.08.2014 |
IDENTIFICATION DETAILS
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Name : |
MEDELA AG |
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Registered Office : |
Lättichstrasse 4b 6340 Baar/ZG |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
02.09.1997 |
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Com. Reg. No.: |
170.3.021.603-1 / 408776 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Manufacture of medical and dental instruments and supplies · Manufacture of irradiation, electromedical and electrotherapeutic equipment |
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No. of Employees |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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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 : |
Slow but correct |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 began to recover in 2010. 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 below 2% per year during 2011-13. 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 |
Company name
MEDELA AG
Operating address
Lättichstrasse 4b
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7695151
Fax: 041
7695100
Web
site: http://www.medela.com
E-mail: contact@medela.ch
WIN
Worldbox No.: CH0000129622
VAT-No.: CHE106916228
Profile
Established: 1961
History: 1961: Established from Olle Larsson
Line
of Business: Medical technology
Industry
Division: Manufacturing
Industry-code (NACE): 3250 Manufacture of medical and dental
instruments and supplies
2660 Manufacture of irradiation,
electromedical and electrotherapeutic equipment
Import/Export: Import, Export
Quality
certification: ISO 9001:2000
Banks: UBS Ltd
CS Credit
Suisse
Operational Figures
Coverage: Company
Figures: approximately
Employees: 300
Sales: CHF 80-100 Mio
Activity
The company develops and manufactures
breastpumps and medical vacuum solutions and has a worldwide network of
partners in over 90 countries and offices in 15 countries.
Real Estate
Information on property ownership was not
available.
Company Register
Company
No: 170.3.021.603-1 /
408776
Legal
form: Company limited
by shares
Registration: 02.09.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Incorporation Statutes:
30.08.1997
Entry Deleted Name
02.09.1997 Medela
AG
Entry Deleted Legal domicile
02.09.1997 Baar,
Switzerland
Entry Deleted Address
02.09.1997 Lättichstrasse
4b, 6340 Baar/ZG, 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 3,000
Registered shares with restricted transferability of CHF 1,000.--
Entry Deleted Activity
02.09.1997 Manufacture,
rental and trading of medical equipment and related products, may participate
in other companies or merge with them, acquire patents, licenses, securities
and manage and sell real estate.
Entry Deleted Remarks
02.09.1997 Publishing
authority: SHAB Swiss Gazette
02.09.1997 Contribution
in kind/Asset takeover: Assets of CHF 20'870'827.71 and liabilities of CHF
17'033'069.97 of "Medela AG" (new "investments Medela AG"),
located in Baar, according to the takeover balance sheet as at 31.12.1996 and
Takeover Agreement dated 30.08.1997 whereby 2'994 registered shares of CHF
1'000 .00 are issued and CHF 837'757.74 be credited as a receivable.
Official Administration
Title Name
President Michael
Larsson, Origin: Zug, Switzerland, Residential address: Zug/ZG, Switzerland,
joint signature of two
Director Marcel
Braun, Origin: Münchwilen TG, Switzerland, Residential address: Wien , Austria,
joint signature of two
Director Goeran
Larsson, Origin: Zug, Switzerland, Residential address: Zug/ZG, Switzerland,
joint signature of two
Director Michael
Nilles, Origin: Germany, Residential address: Bergisch Gladbach, Germany, joint
signature of two, Registered since: 16.05.2014
Director Hélčne
Weber-Dubi, Origin: Zollikon, Switzerland, Residential address: Oberwil-Lieli,
Switzerland, joint signature of two, Registered since: 17.08.2012
Management
Title Name
Chairman
of the direction Renate
Schreiber, Origin: Au SG, Switzerland, Residential address: 6315 Oberägeri/ZG,
Switzerland, joint signature of two
Director Peter
Aggersbjerg, Origin: Denmark, Residential address: 4153 Reinach /BL,
Switzerland, joint signature of two, Registered since: 18.02.2011
Director Philippe
Eilinger, Origin: Waldkirch, Switzerland, Residential address: 8000 Zürich/ZH,
Switzerland, joint signature of two
Director Marcel
Felber, Origin: Wädenswil, Switzerland, Residential address: 6312
Steinhausen/ZG, Switzerland, joint signature of two
Director Peter
Host, Origin: Denmark, Residential address: 6315 Alosen/ZG, Switzerland, joint
signature of two, Registered since: 11.05.2009
Company
Secretary Markus
Ineichen, Origin: Zürich, Switzerland, Residential address: 8700 Küsnacht/ZH,
Switzerland, joint signature of two
Member
with procuration Stefan Arnold,
Origin: Bürglen UR, Switzerland, Residential address: Schattdorf, Switzerland,
joint power of attorney of two
Member
with procuration Patrik
Bosshard, Origin: Winterthur, Switzerland, Residential address: 6343 Buonas/ZG,
Switzerland, joint power of attorney of two
Member
with procuration Andreas
Büchel, Origin: Rüthi SG, Switzerland, Residential address: Steinhausen,
Switzerland, joint power of attorney of two, Registered since: 04.11.2011
Member
with procuration Bruno
Bühler, Origin: Menznau, Switzerland, Residential address: Frauenfeld/TG,
Switzerland, joint power of attorney of two, Registered since: 16.05.2014
Member
with procuration Markus
Bütler, Origin: Auw, Switzerland, Residential address: Merenschwand,
Switzerland, joint power of attorney of two
Member
with procuration Carlo De
Pianti, Origin: Meggen, Switzerland, Residential address: Udligenswil,
Switzerland, joint power of attorney of two, Registered since: 22.11.2013
Member
with procuration Hilmar
Ehlert, Origin: Luzern, Switzerland, Residential address: 6052 Hergiswil /NW,
Switzerland, joint power of attorney of two
Member
with procuration Thomas Grom,
Origin: Germany, Residential address: 8820 Wädenswil/ZH, Switzerland, joint
power of attorney of two
Member
with procuration Jürg Jordi,
Origin: Huttwil, Switzerland, Residential address: 5732 Zetzwil/AG,
Switzerland, joint power of attorney of two
Member
with procuration Nicolas
Jossen, Origin: Naters, Brig-Glis, Switzerland, Residential address: 6403
Küssnacht am Rigi/SZ, Switzerland, joint power of attorney of two, Registered
since: 18.02.2011
Member
with procuration Ann-Sofie
Öberg, Origin: Sweden, Residential address: 6300 Zug/ZG, Switzerland, joint
power of attorney of two, Registered since: 26.01.2010
Member
with procuration Christoph (Chris)
Stäheli, Origin: Herdern, Switzerland, Residential address: 8954 Geroldswil/ZH,
Switzerland, joint power of attorney of two, Registered since: 18.02.2011
Member
with procuration Peter
Vischer, Origin: Basel, Switzerland, Residential address: Küssnacht/SZ,
Switzerland, joint power of attorney of two
Member
with procuration Katharina
Zwald Kauz, Origin: Hasliberg, Switzerland, Residential address: 6000
Luzern/LU, Switzerland, joint power of attorney of two, Registered since:
10.09.2012
External Positions
Title Name
Auditor Balmer-Etienne
AG, Residential address: Luzern, Switzerland
Executive board
Title Name
Chief
Executive Officer Renate
Schreiber
Financial Data Medela Group
Consolidation: consolidated (Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Remarks: about about
Operating revenue 428,600.0 379,300.0 330,000.0 325,000.0 321,000.0
Capital 150.0 150.0 150.0 150.0 150.0
Sales per Employee 340.0 336.0 330.0 361.0 364.0
Employees at year end 1,259 1,129 1,000 900 882
Employees inland 240 220 215
Employees abroad 760 680 667
Ultimate Parent Company
Name: Olle Larsson Holding
AG
City/Country: Zug/ZG, Switzerland/CH
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Olle Larsson Holding
AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level
2
Name: Medela Holding AG
City/Country: Baar/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Medela (Beijing)
Medical Technology Co. Ltd
City/Country: Beijing, China/CN
Name: Medela Benelux BV
City/Country: Gemert, Netherlands/NL
Name: Medela France Sarl
City/Country: Etampes, France/FR
Name: Medela Inc
City/Country: Mississauga/Ontario, Canada/CA
Name: Medela Inc
City/Country: McHenry/Illinois, United States
of America/US
Name: Medela Italia Srl
City/Country: Sala Bolognese, Italy/IT
Name: Medela KK
City/Country: Tokyo, Japan/JP
Name: Medela Medical AB
City/Country: Täby, Sweden/SE
Name: Medela Medizintechnik
GmbH & Co. Handels KG
City/Country: Eching, Germany/DE
Name: Medela OOO
City/Country: Moscow, Russia/RU
Name: Medela UK Limited
City/Country: Irlam/Manchester, United
Kingdom/GB
Name: Productos Medicinales
Medela SL
City/Country: Badalona, Spain/ES
Investments
It is believed that the company has no
investments.
Legal Actions
Control date Year No. Amount CHF Status
26.08.2013 2013 0
26.08.2013 2012 0
03.08.2011 2011 0
03.08.2011 2010 0
03.08.2011 2009 0
03.08.2011 2008 0
03.08.2011 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.
Remarks
Logistics center:
Medela AG
Sennweidstrasse 30
6312 Steinhausen/ZG
Tel. 041
769 51 51
Fax 041
769 51 00
E-Mail info@medela.ch
Production:
Medela AG
Turmstrasse 30
6312 Steinhausen/ZG
Tel. 041
769 51 51
Fax 041
769 51 00
Credit Information
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 good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
|
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.