MIRA INFORM REPORT

 

 

Report Date :

22.05.2014

 

IDENTIFICATION DETAILS

 

Name :

DIEBOLD SELF-SERVICE SOLUTIONS S.AR.L

 

 

Registered Office :

Hegnaustrasse 60, 8602 Wangen/ZH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2012 (Consolidated)

 

 

Date of Incorporation :

24.02.2000

 

 

Com. Reg. No.:

217.1.000.583-3 / 511220

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject provides integrated self-service solutions, security systems, software and services.

 

Subject product ranges includes :

·         ATMS & Self-Service - Terminals, Software, Custom Self-Service Solutions

Electronic Security - Access Solutions, Fire Detection Solutions, Intrusion Protection, Video Solutions

Assisted Transactions & Barrier - Drive-up, Teller Automation, Teller Station, Remote Teller™ System, Pharmacy Drive-Up, Safes, Vaults and Barriers

 

 

No of Employees :

16,751 (31.12.2012)

 


 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 


Company name

 

Diebold Self-Service Solutions S.ar.l

 

 

Operating address

 

Hegnaustrasse 60

8602 Wangen/ZH

Switzerland/CH

Telephone:                    043 2557171

                                    043 2557116

Web site:                      http://www.diebold.com

VAT-No.:                      CHE105442914

 

 

Profile

 

Established:                  2000

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4669     Wholesale of other machinery and equipment

Import/Export:               Import, Export

Banks:                         unknown

 

 

Activity

 

The company provides integrated self-service solutions, security systems, software and services.

 

Products:

- ATMS & Self-Service: Terminals, Software, Custom Self-Service Solutions

- Electronic Security: Access Solutions, Fire Detection Solutions, Intrusion Protection, Video Solutions

- Assisted Transactions & Barrier : Drive-up, Teller Automation, Teller Station, Remote Teller™ System, Pharmacy Drive-Up, Safes, Vaults and Barriers

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                217.1.000.583-3 / 511220

Legal form:                    Limited Liability Company

Registration:                 24.02.2000

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zürich

History:                        Date of Statutes: 01.01.2012

 

Entry            Deleted   Name

active                           Diebold Self-Service Solutions Sàrl

active                           Diebold Selbstbedienungslösungen GmbH (Name translated)

active                           Diebold Self-Service Solutions Ltd Liab. Co (Name translated)

 

Entry            Deleted   Legal domicile

active                           Wangen-Brüttisellen, Switzerland

                    removed    Meyrin, Switzerland

 

Entry            Deleted   Address

active                           Hegnaustrasse 60, 8602 Wangen/ZH, Switzerland/CH

 

Entry            Deleted   Capital

active                           LLC Capital CHF 1,800,000

 

Entry            Deleted   Capital Structure

active                           180 Participation shares of CHF 10,000.--

 

Entry            Deleted   Activity (original Language)

active                           Die Gesellschaft bezweckt die Geschäftsführung im Zusammenhang mit der Herstellung, dem Verkauf und der Wartung von Geldautomaten in Europa, dem Mittleren Osten und in Afrika. Die Gesellschaft kann alle kommerziellen und finanziellen Transaktionen durchführen, Verträge abschliessen, die den Zweck des Unternehmens fördern oder direkt oder indirekt damit im Zusammenhang stehen. Die Gesellschaft kann insbesondere Geld leihen oder verleihen, sein Vermögen verpfänden und Sicherheitsleistungen gewährleisten. Die Gesellschaft kann Zweigstellen oder Filialen in der Schweiz oder im Ausland begründen.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Reports: Die Mitteilungen der Geschäftsführung an die Gesellschafter erfolgen schriftlich oder per E-Mail.

active                           Intended asset takeover: Bei der Gründung zog die Gesellschaft in Erwägung, verschiedene Wartungsverträge, Kundenlisten, Immaterialgüterrechte der Fabrikation und der Software für den maximalen Preis von USD 163'000'000.00 zu erwerben.

 

 

Management

 

Title                                           Name

General Manager                         Chad F. Hesse, Origin: United States of America, Residential address: North Olmsted/OH, United States of America, single signature

General Manager                         Scott Hunter, Origin: United States of America, Residential address: Akron/OH, United States of America, single signature

Chairman of the management       Nisheet Gupta, Origin: India, Residential address: Chelmsford, United Kingdom, single signature, Registered since: 14.03.2012

Director                                       Stephan Riesen, Origin: Oberbalm, Switzerland, Residential address: Meilen, Switzerland, single signature, Registered since: 12.05.2014

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG SA, Residential address: Fribourg, Switzerland, Id: CH-217.0.190.354-1

 

 

Financial Data Diebold Incorporated

 

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2012        31.12.2011        31.12.2010        31.12.2009

Number of months:                                       12                    12                    12                    12

Currency:                                                 th. USD            th. USD            th. USD            th. USD

 

Balance Sheet

Intangible fixed assets                                272,951.0          253,063.0         269,398.0          450,937.0

Tangible fixed assets                                 184,345.0          192,694.0         203,462.0          204,820.0

Financial fixed assets                                  77,101.0           74,869.0           76,138.0           73,989.0

other fixed assets                                      243,733.0          264,462.0         256,756.0          237,034.0

Fixed assets                                             778,130.0          785,088.0         805,754.0          966,780.0

Stocks                                                      412,996.0          440,900.0         444,575.0          448,243.0

Trade accounts receivable                          488,373.0          414,969.0

Liquid assets                                             368,792.0          333,920.0         328,658.0          328,426.0

Securities                                                 261,886.0          286,853.0

other trade accounts                                  247,196.0          224,261.0

Accruals                                                     35,614.0           31,452.0

Other current assets                                  913,488.0          876,486.0

Current assets                                        1,814,857.0       1,732,355.0       1,714,036.0       1,588,085.0

Total assets                                           2,592,987.0       2,517,443.0       2,519,790.0       2,554,865.0

 

Capital                                                      455,357.0          423,856.0

Other shareholders funds                            354,606.0          403,130.0

Total shareholders equity                            809,963.0          826,986.0         961,155.0       1,046,379.0

Minority interests                                         35,348.0           31,274.0           28,659.0           25,647.0

long term debt (financial debts)                   617,534.0          606,154.0         550,368.0          540,000.0

Provisions                                                                                                123,248.0          119,195.0

Other non current liabilities                         291,287.0          228,812.0           46,595.0           80,553.0

Non current liabilities                                  908,821.0          834,966.0         720,211.0          739,748.0

short term debt (financial debts)                    34,212.0           21,722.0

Trade accounts payable                             224,973.0          221,964.0

other accounts payable                              579,670.0          580,531.0

other current liabilities                                579,670.0          580,531.0

Current liabilities                                        838,855.0          824,217.0         809,765.0          743,091.0

Share. equity, min. interests + liabilities    2,592,987.0       2,517,443.0       2,519,790.0       2,554,865.0

 

Profit and loss account

Sales                                                     2,991,693.0       2,835,848.0

Net sales                                               2,991,693.0       2,835,848.0       2,823,793.0       2,718,292.0

Other operating revenue                                 1,202.0             1,921.0

Operating revenue                                   2,992,895.0       2,837,769.0

Cost of goods sold                                  2,255,540.0       2,099,919.0

Gross profit                                               737,355.0          737,850.0

Other operating expenses                           629,846.0          583,760.0

Operating result                                         107,509.0          154,090.0             2,246.0           83,167.0

Interest revenues                                         37,593.0           41,663.0

other financial revenues                                  2,654.0             3,095.0

Financial income                                         40,247.0           44,758.0

Interest expenses                                        30,330.0           34,456.0

other financial expenses                               50,472.0          112,771.0

Financial expenses                                      80,802.0          147,227.0

Financial result                                           -40,555.0         -102,469.0

Result before extraordinary items                  66,954.0           51,621.0

Extraordinary income                                           0.0                523.0

Extraordinary expenses                                 3,125.0                   0.0

Extraordinary Result                                     -3,125.0                523.0

Result before taxes                                      63,829.0           52,144.0

Taxes                                                         29,905.0           12,815.0

Result before minority interests                     33,924.0           39,329.0

minority interests                                          6,166.0             8,483.0

Result for the financial year                          27,758.0           30,846.0          -20,252.0           26,026.0

 

Cash flow

Depreciation                                                78,644.0           79,855.0

Cash flow                                                  112,568.0          119,184.0

Cash flow from operating activities               135,508.0          215,397.0

Investments in tangible fixed assets              49,742.0           54,753.0

Cash flow from investing activities                -72,831.0          -90,706.0

Cash flow from financing activities                -36,227.0         -123,535.0

Others                                                          8,422.0             4,106.0

Change in liquidity                                       34,872.0             5,262.0

Liquidity at beginning of the year                 333,920.0          328,658.0

Liquidity at end to the year                         368,792.0          333,920.0

 


Notes

Research and Development                          85,881.0           78,108.0

Added value                                              172,803.0          166,455.0

Working Capital                                         676,396.0          633,905.0

Sales per Employee                                         178.6

Gross cost land and buildings                     118,950.0          115,378.0

Gross cost other tangible fixed assets         542,960.0          526,878.0

Gross cost total                                         661,910.0          642,256.0

 

Employees  at year end                                  16,751

 

 

Ultimate Parent Company

 

Name:                          DIEBOLD INCORPORATED

City/Country:                 NORTH CANTON, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Type:                            indirect, Group-Level 1

Name:                          DIEBOLD INCORPORATED

City/Country:                 NORTH CANTON, United States of America/US

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Type:                            direct

Name:                          Diebold Switzerland Holding Company Sàrl

City/Country:                 Wangen/ZH, Switzerland/CH

Capital share:                CHF 1,800,000.--

Interest:                        100,00% voting right, 100,00% capital interest (since 09.02.2012)

 

 

Sisters

 

Name:                          Diebold Africa Investment Holdings Pty. Ltd.

City/Country:                 OLIVERDALE EXT18, South Africa/ZA

 

Name:                          Diebold Financial Equipment Company (China), Ltd.

City/Country:                 Beijing/Dongcheng District, China/CN

 

Investments

 

Class:                          100%

Name:                          Diebold France

City/Country:                 Guyancourt, France/FR

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold International Limited

City/Country:                 Windsor/Berkshire, United Kingdom/GB

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold Kazakhstan LLP

City/Country:                 Astana, Kazakhstan/KZ

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold Netherlands B.V.

City/Country:                 Utrecht, Netherlands/NL

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold Österreich Selbstbedienungssysteme Gesellschaft m.b.H.

City/Country:                 Wiener Neudorf, Austria/AT

Interest:                        100,00% voting right, 100,00% capital interest (since 12.05.1999)

 

Class:                          100%

Name:                          Diebold Poland Sp. Zo.o.

City/Country:                 Warszawa, Poland/PL

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold Portugal - Soluções de Automatização, Limitada

City/Country:                 Amadora, Portugal/PT

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          100%

Name:                          Diebold Selbstbedienungssysteme (Schweiz) GmbH

City/Country:                 Wangen/ZH, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 11.11.2002)

 

Class:                          100%

Name:                          Diebold Self-Service Ltd.

City/Country:                 Moscow, Russia/RU

Interest:                        100,00% voting right, 100,00% capital interest

 

Class:                          50-100%

Name:                          DIEBOLD SOFTWARE SERVICES PRIVATE LIMITED

City/Country:                 Mumbai/Maharashtra, India/IN

Interest:                        99,99% voting right, 99,99% capital interest

 

Class:                          50-100%

Name:                          Diebold Hungary Ltd.

City/Country:                 Budapest, Hungary/HU

Interest:                        99,98% voting right, 99,98% capital interest

 

Class:                          50-100%

Name:                          Diebold Belgium B.V.B.A.

City/Country:                 Zellik, Belgium/BE

Interest:                        90,00% voting right, 90,00% capital interest

 

Class:                          50%

Name:                          Diebold ATM Cihazlari Sanayi Ve Ticaret A.S.

City/Country:                 Levent/Istanbul, Turkey/TR

Interest:                        50,00% voting right, 50,00% capital interest

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

05.03.2012          2012                           0

05.03.2012          2011                           0

05.03.2012          2010                           0

05.03.2012          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.

 

 

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 considered to be good.

 

Payment experiences:   Financial obligations are met as appropriate.

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.58.72

UK Pound

1

Rs.99.02

Euro

1

Rs.80.57

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.