.
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINDE KRYOTECHNIK AG |
|
|
|
|
Registered Office : |
Dättlikonerstrasse 5 8422 Pfungen/ZH |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.12.1972 |
|
|
|
|
Com. Reg. No.: |
020.3.913.326-4 / 304221 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Manufacturer of cryogenic equipment also engaged in the planning,
design and construction of helium and hydrogen liquifiers as well as
refrigerators. |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 |
LINDE KRYOTECHNIK
AG
Dättlikonerstrasse
5
8422 Pfungen/ZH
Switzerland/CH
Telephone: 052
3040555
Fax: 052
3040550
Web
site: http://www.linde-kryotechnik.ch
E-mail: info@linde-kryotechnik.ch
WIN
Worldbox No.: CH0000097148
VAT-No.: CHE108813384
Established: 1972
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2899 Manufacture of other special-purpose
machinery n.e.c.
2825 Manufacture of non-domestic cooling and
ventilation equipment
Import/Export: Export
Quality
certification: ISO 9001:2008
Banks: CS Credit Suisse
Coverage: Company
Figures: approximately
Employees: 80
Sales: CHF 40-60 Mio
The Company is manufacturer of cryogenic
equipment. The core business consists in the planning, design and construction
of helium and hydrogen liquifiers as well as refrigerators.
Information on property ownership was not
available.
Company
No: 020.3.913.326-4 /
304221
Legal
form: Company limited
by shares
Registration: 01.12.1972
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
30.06.1989
Date of Statutes:
24.06.2002
Date of
Statutes: 28.05.1997
Date of
Statutes: 21.10.1992
Date of
Statutes: 15.06.1992
Entry Deleted Name
30.06.1992 Linde
Kryotechnik AG
30.06.1992 Industrial Project Consultants AG
Entry Deleted Legal domicile
03.11.1992 Pfungen,
Switzerland
30.06.1992 Dietlikon, Switzerland
30.06.1992 03.11.1992 Winterthur, Switzerland
Entry Deleted Address
03.11.1992 Dättlikonerstrasse
5, 8422 Pfungen, Switzerland/CH
30.06.1992 c/o Linde Lansing Fördertechnik AG, Alte
Dübendorferstrasse 13, 8305 Dietlikon/ZH, Switzerland/CH
30.06.1992 03.11.1992 Zürcherstrasse 12, 8400 Winterthur/ZH,
Switzerland/CH
Entry Deleted Capital
30.06.1992 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
30.06.1992 3,000
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
01.07.2002 Erweiterung
und Vertiefung des Arbeitsgebietes Helium-Verflüssigung und
Wasserstoff-Verflüssigung im Linde-Konzern, insbesondere Herstellung, Handel
und Vertrieb von Verflüssigern, Refrigeratoren, dynamisch gas- und ölgelagerten
Turbinen für Helium und Wasserstoff, der damit in Zusammenhang stehenden
Komponenten und verwandten Produkten sowie der zugehörigen Anwendungstechnik,
Entwicklung von Technologien, Schulung und Beratung im Bereich der
Energiegewinnung und Umwelttechnik, Fabrikation und Verkauf entsprechender
Produkte sowie Verwertung von Patenten und Marken im Zusammenhang mit den
gepflegten Technologien; kann alle Geschäfte eingehen und Verträge
abschliessen, die geeignet sind, den Geschäftszweck zu fördern, sich an anderen
Unternehmen, die gleiche oder ähnliche Zwecke verfolgen, beteiligen, solche
Unternehmen erwerben, Zweigniederlassungen gründen und Interessenverbindungen
eingehen sowie Liegenschaften erwerben und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
01.07.2002 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die Linde BRV Biowaste
Technologies AG, in Pfungen. Aktiven von CHF 15'500'696.15 und Passiven von CHF
21'353'963.55 gehen gemäss Fusionsvertrag vom 24.06.2002 und Fusionsbilanz per
31.12.2001 durch Universalsukzession auf die Gesellschaft über. Da die
Aktionäre beider Gesellschaften identisch sind, erlöschen die Aktien der
übernommenen Gesellschaft, und das Aktienkapital der übernehmenden Gesellschaft
bleibt unverändert.
05.06.1997 Reports: Die Mitteilungen der Gesellschaft an die
Aktionäre erfolgen schriftlich an die Adresse der im Aktienbuch eingetragenen
Aktionäre.
03.11.1992 Shares: Die Übertragbarkeit der Namenaktien ist
beschränkt nach Massgabe der Statuten.
30.06.1992 Capital: CHF 2'950'000.-- wurden bei der
Kapitalerhöhung vom 15.06.1992 durch Verrechnung liberiert.
Title Name
President Dr.
Christian Bruch, Origin: Germany, Residential address: Wolfratshausen ,
Germany, joint signature of two, Registered since: 16.07.2013
Chief
Executive Robert
Krieger, Origin: Germany, Residential address: Luzern, Switzerland, single
signature, Registered since: 12.06.2012
Director Jürgen
Nowicki, Origin: Germany, Residential address: Pullach, Germany, joint
signature of two, Registered since: 12.06.2012
Title Name
General
Manager Klaus
Ohlig, Origin: Germany, Residential address: Seuzach, Switzerland, joint
signature of two, Registered since: 29.06.2009
Member
with procuration Ernst Adler,
Origin: Zürich, Switzerland, Residential address: 8162 Steinmaur/ZH,
Switzerland, joint power of attorney of two, Registered since: 18.01.2010
Member
with procuration Lars Blum,
Origin: Saanen, Switzerland, Residential address: Thalheim an der Thur,
Switzerland, joint power of attorney of two, Registered since: 12.06.2012
Member
with procuration Thomas
Kneubühler, Origin: Affoltern im Emmental, Switzerland, Residential address:
Dietikon, Switzerland, joint power of attorney of two, Registered since:
12.06.2012
Title Name
Auditor KPMG AG,
Residential address: Zürich, Switzerland, Id: CH-020.3.001.933-8, Registered
since: 25.04.1995
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2005
Number of months: 12 12 12 12 12
Currency: mil.
EUR mil. EUR mil. EUR mil. EUR mil.
EUR
Balance Sheet
Intangible fixed assets 14,200.0 11,168.0 11,305.0 10,615.0
Tangible fixed
assets 10,188.0 9,030.0 8,723.0 7,566.0
Financial fixed
assets 1,342.0 1,974.0 1,016.0 934.0
other fixed assets 1,065.0 899.0 1,216.0 1,268.0
Fixed assets 26,795.0 23,071.0 22,260.0 20,383.0
Stocks 1,098.0 1,036.0 961.0 966.0
Trade accounts
receivable 2,599.0 2,030.0
Liquid assets 1,218.0 1,000.0 1,159.0 831.0
Securities 823.0 1,073.0
other trade
accounts 944.0 705.0
Other current
assets 2,985.0 2,778.0
Current assets 6,682.0 5,844.0 4,628.0 3,998.0
Total assets 33,477.0 28,915.0 26,888.0 24,381.0 12,526.0
Capital 474.0 438.0 307.0
Other shareholders
funds 12,620.0 11,166.0
Total shareholders
equity 13,094.0 11,604.0 10,848.0 8,736.0 4,364.0
Minority interests 564.0 540.0 514.0 451.0
long term debt
(financial debts) 8,918.0 6,524.0 6,214.0 6,603.0
Provisions 1,576.0 1,383.0 1,371.0 1,541.0
Other non current
liabilities 2,514.0 2,308.0 2,309.0 2,038.0
Non current
liabilities 13,008.0 10,215.0 9,894.0 10,182.0
short term debt
(financial debts) 1,286.0 1,290.0
Trade accounts
payable 2,790.0 2,712.0
Provisions 1,565.0 1,455.0
other accounts
payable 1,170.0 1,099.0
other current
liabilities 2,735.0 2,554.0
Current
liabilities 6,811.0 6,556.0 5,632.0 5,012.0
Shareh. equity,
min. interests + liabilities 33,477.0 28,915.0 26,888.0 24,381.0
Sales 15,280.0 13,787.0
Net sales 15,280.0 13,787.0 12,868.0 11,211.0
Other operating
revenue 288.0 285.0
Operating revenue 15,568.0 14,072.0 9,501.0
Cost of goods sold 9,755.0 8,766.0
Gross profit 5,813.0 5,306.0
Other operating
expenses 3,913.0 3,472.0
Operating result 1,900.0 1,834.0 1,685.0 1,175.0 913.0
other financial
revenues 446.0 435.0
Financial income 446.0 435.0
other financial
expenses 976.0 767.0
Financial expenses 976.0 767.0
Financial result -530.0 -332.0
Result before
extraordinary items 1,370.0 1,502.0
Extraordinary
Result 0.0 0.0
Result before
taxes 1,370.0 1,502.0
Taxes 363.0 375.0
Result before
minority interests 1,007.0 1,127.0 501.0
minority interests 54.0 53.0
Result for the
financial year 953.0 1,074.0 1,005.0 591.0
Depreciation 1,538.0 1,300.0 505.0
Cash flow 2,545.0 2,427.0
Cash flow from
operating activities 2,522.0 2,426.0
Investments in
tangible fixed assets 906.0
Cash flow from investing
activities -3,813.0 -2,937.0
Cash flow from
financing activities 1,516.0 367.0
Others -7.0 -15.0
Change in
liquidity 218.0 -159.0
Liquidity at
beginning of the year 1,000.0 1,159.0
Liquidity at end
ot the year 1,218.0 1,000.0
Cost of employees 2,133.0
Research and
Development 174.0
Orders received 101.0 98.0 11,008.0
Added value 2,908.0 2,802.0
Working Capital 907.0 354.0
Market
capitalisation 7,883.0
Employees at year end 42,229
Ultimate Parent
Company
Name: Linde Aktiengesellschaft
City/Country: München/Bayern, Germany/DE
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Linde
Aktiengesellschaft
City/Country: München/Bayern, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level
2
Name: Linde Holding AG
City/Country: Dagmersellen/LU, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Sisters
Name: Arboliana Holding AG
City/Country: Pfungen/ZH, Switzerland/CH
Name: Linde Material
Handling Schweiz AG
City/Country: Dietlikon/ZH, Switzerland/CH
Investments
It is believed that the company has no
investments.
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 in order.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.71 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.