MIRA INFORM REPORT

 

 

Report Date :

20.11.2014

 

IDENTIFICATION DETAILS

 

Name :

ABB SCHWEIZ AG

 

 

Registered Office :

Brown Boveri Strasse 6, 5400 Baden/AG, CH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

17.01.1990

 

 

Com. Reg. No.:

400.3.008.861-1 / 329381

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Manufacture of other electrical equipment

 

 

No of Employees :

6,000-7,999 (Group)

 

 

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 :

Exist

 

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

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 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 & address

 

ABB SCHWEIZ AG

 

Operating address:

Brown Boveri Strasse 6

5400 Baden/AG

Switzerland/CH

 

Telephone:        058 5850000

Fax:                  058 5850100

 

Web site:          http://www.abb.ch

E-mail:              info@ch.abb.com

 

VAT-No.:           CHE101538426

 

 

Profile

 

Established:                  1990

Line of Business:           Electro technology

Industry Division:            Manufacturing

Industry-code (NACE):    2790     Manufacture of other electrical equipment

Import/Export:                Import, Export

Quality certification:       ISO 9001

Banks:                          UBS Ltd

 

 

Operational Figures

 

Coverage:          Group

Employees:       6,000-7,999

Sales:               CHF 2-4 Bil

 

 

Activity

 

The company mainly focuses on the two core businesses energy and automation technologies supplying systems and total solutions for utilities and industrial enterprises.

 

The offering of the company contains: Aluminium Solutions, Automotive, Buildings and Infrastructure, Cement Solutions, Chemical Solutions, Energy Efficiency, Food and Beverage, Life Sciences Solutions, Marine Solutions, Metals Solutions, Mining Solutions, OEM and Panel Builder Solutions, Oil and Gas, Ports, Power Generation, Power T&D Solutions, Printing, Process Automation, Pulp & Paper Solutions, Railway, Solar Power Solutions, Water Industry, Wind Power Solutions.

Real Estate

 

Real Estate:      The company owns extensive property.

 

 

Company Register

 

Company No:                400.3.008.861-1 / 329381

Legal form:                    Company limited by shares

Registration:                  17.01.1990

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Aargau

History:                         Date of Statutes: 15.05.1998

                                    Date of Statutes: 14.12.1992

                                    Date of Statutes: 12.09.2003

                                    Date of Statutes: 11.12.2001

                                    Date of Statutes: 28.02.1994

                                    Date of Statutes: 22.12.1993

                                    Date of Incorporation Statutes: 10.01.1990

                                    Date of Statutes: 04.06.2007

 

Entry    Deleted            Name

active                            ABB Schweiz AG

active                            ABB Switzerland Ltd (Name translated)

active                            ABB Suisse SA (Name translated)

 

Entry    Deleted            Legal domicile

active                            Baden, Switzerland

 

Entry    Deleted            Address

active                            Brown Boveri Strasse 6, 5400 Baden/AG, Switzerland/CH

 

Entry    Deleted            Capital

active                            Share Capital CHF 55,000,000, paidup CHF 55,000,000

 

Entry    Deleted            Capital Structure

active                            550,000 Registered shares of CHF 100.--

 

 

Official Administration

 

Title                 Name

President          Peter Terwiesch, Citizen: Maur, Switzerland, Residential address: Mannheim, Germany, joint signature of two, Registered since: 27.07.2011

Director             René Cotting, Citizen: Tentlingen, Switzerland, Residential address: Stäfa, Switzerland, joint signature of two, Registered since: 17.01.2013

Director             Remo Lütolf, Citizen: Meggen, Switzerland, Residential address: Meggen, Switzerland, born: 29.03.1956, joint signature of two, Registered since: 20.12.2012

Director             Volker Stephan, Citizen: Germany, Residential address: Wilen bei Wollerau, Switzerland, joint signature of two, Registered since: 23.12.2009

 

 

Management

 

Title                                         Name

Director                                     Roman Thomassin, Citizen: Germany, Residential address: Zug, Switzerland, joint signature of two, Registered since: 19.12.2001

Member with signing authority     Lorenz Aebersold, Citizen: Basel, Switzerland, Residential address: Aarau/AG, Switzerland, joint signature of two, Registered since: 13.01.2009

Member with signing authority     Oliver Albrecht Rhomberg, Citizen: Mels, St. Gallen, Switzerland, Residential address: 8000 Zürich/ZH, Switzerland, joint signature of two, Registered since: 10.07.2009

Member with signing authority     Stephan Aufdereggen, Citizen: Obergoms, Switzerland, Residential address: Chandolin-prčs-Savičse, Switzerland, joint signature of two, Registered since: 06.02.2014

Member with signing authority     Roland Bächli, Citizen: Würenlingen, Switzerland, Residential address: Lengnau/AG, Switzerland, joint signature of two, Registered since: 13.01.2009

Member with signing authority     Jürgen Bernauer, Citizen: Germany, Residential address: Embrach, Switzerland, joint signature of two, Registered since: 04.08.2008

Member with signing authority     Daniel Bischofberger, Citizen: Oberegg, Switzerland, Residential address: Hünenberg See, Switzerland, joint signature of two, Registered since: 25.10.2011

Member with signing authority     Mathias Blattner, Citizen: Küttigen, Switzerland, Residential address: 5430 Wettingen/AG, Switzerland, born: 23.02.1976, joint signature of two, Registered since: 30.05.2006

Member with signing authority     Oliver Blauenstein, Citizen: Basel, Switzerland, Residential address: Zürich/ZH, Switzerland, joint signature of two, Registered since: 14.07.2014

Member with signing authority     Mathias Bolliger, Citizen: Gontenschwil, Switzerland, Residential address: Wohlenschwil, Switzerland, joint signature of two, Registered since: 20.10.2014

Member with signing authority     Mauro Damonte, Citizen: Italy, Residential address: Othmarsingen, Switzerland, joint signature of two, Registered since: 06.05.2013

Member with signing authority     Urs Dogwiler, Citizen: Cham, Switzerland, Residential address: Wettswil am Albis, Switzerland, joint signature of two, Registered since: 16.09.2014

Member with signing authority     Marijo Drinovac, Citizen: Wallisellen, Switzerland, Residential address: Embrach, Switzerland, joint signature of two, Registered since: 06.02.2014

Member with signing authority     Arthur Eckert, Citizen: Hornussen, Switzerland, Residential address: Frick, Switzerland, born: 07.01.1960, joint signature of two, Registered since: 17.01.2013

Member with signing authority     Frederik Esterhuizen, Citizen: South Africa, Residential address: Neuenhof, Switzerland, joint signature of two, Registered since: 07.11.2014

Member with signing authority     Alexander Fach, Citizen: Germany, Residential address: Boppelsen, Switzerland, joint signature of two, Registered since: 27.11.2012

Member with signing authority     Wolfgang Felber, Citizen: Bözberg, Switzerland, Residential address: 5023 Biberstein/AG, Switzerland, born: 12.06.1962, joint signature of two, Registered since: 04.03.2010

Member with signing authority     Jürg Fleischmann, Citizen: Altendorf, Switzerland, Residential address: Niederglatt, Switzerland, born: 1966, joint signature of two, Registered since: 13.01.2009

Member with signing authority     Michael Gabriel, Citizen: Winterthur, Switzerland, Residential address: 8472 Seuzach/ZH, Switzerland, born: 22.11.1967, joint signature of two, Registered since: 04.03.2010

Member with signing authority     Antonio Gonzalez, Citizen: Spain, Residential address: Ponte Tresa, Switzerland, joint signature of two, Registered since: 17.01.2012

Member with signing authority     Urs Erwin Gribi, Citizen: Lengnau BE, Switzerland, Residential address: 5452 Oberrohrdorf/AG, Switzerland, joint signature of two, Registered since: 27.07.2011

Member with signing authority     Roger Gschwend, Citizen: Altstätten, Switzerland, Residential address: Bassersdorf, Switzerland, joint signature of two, Registered since: 27.11.2012

Member with signing authority     Georges Haeusermann, Citizen: Egliswil, Switzerland, Residential address: 5405 Dättwil/AG, Switzerland, joint signature of two, Registered since: 10.07.2009

Member with signing authority     Peter Hansen, Citizen: Denmark, Residential address: 5234 Villigen/AG, Switzerland, born: 20.05.1961, joint signature of two, Registered since: 29.04.2009

Member with signing authority     Martin Hutzli, Citizen: Bern, Zweisimmen, Switzerland, Residential address: Zürich/ZH, Switzerland, born: 28.10.1958, joint signature of two, Registered since: 27.06.2007

Member with signing authority     Dr. Mathias Ingold, Citizen: Germany, Residential address: 8103 Unterengstringen/ZH, Switzerland, born: 14.08.1961, joint signature of two

Member with signing authority     Frank Jänicke, Citizen: Zürich, Switzerland, Residential address: Zollikon, Switzerland, joint signature of two, Registered since: 06.05.2013

Member with signing authority     Edgar Keller, Citizen: Germany, Residential address: Stühlingen/Mauchen, Germany, joint signature of two, Registered since: 10.07.2009

Member with signing authority     Frank Peter Kirgis, Citizen: Beringen, Switzerland, Residential address: Beringen, Switzerland, joint signature of two, Registered since: 06.02.2014

Member with signing authority     Andreas Koch, Citizen: Villmergen, Switzerland, Residential address: 5620 Bremgarten/AG, Switzerland, joint signature of two, Registered since: 10.07.2009

Member with signing authority     Gabrielle Krafft, Citizen: Vevey, Switzerland, Residential address: Zürich, Switzerland, born: 15.11.1967, joint signature of two, Registered since: 06.01.2012

Member with signing authority     Marcel Kuhn, Citizen: Winterthur, Mogelsberg, Switzerland, Residential address: 8400 Winterthur/ZH, Switzerland, born: 29.10.1965, joint signature of two, Registered since: 12.03.2009

Member with signing authority     Gregor Kumm, Citizen: Germany, Residential address: Volketswil, Switzerland, joint signature of two, Registered since: 25.09.2014

Member with signing authority     Moritz Küng, Citizen: Wangenhausen, Switzerland, Residential address: Brugg/AG, Switzerland, born: 10.02.1960, joint signature of two

Member with signing authority     Philipp Lehner, Citizen: Rorschacherberg, Switzerland, Residential address: 8000 Zürich/ZH, Switzerland, joint signature of two, Registered since: 20.01.2011

Member with signing authority     Kurt Lötscher, Citizen: Flühli, Switzerland, Residential address: 6330 Cham/ZG, Switzerland, joint signature of two, Registered since: 20.12.2006

Member with signing authority     Max Dirk Tomas Luedtke, Citizen: Sweden, Residential address: Kilchberg/ZH, Switzerland, joint signature of two, Registered since: 07.11.2014

Member with signing authority     Anna Lundquist, Citizen: Sweden, Residential address: Remetschwil, Switzerland, joint signature of two, Registered since: 25.09.2014

Member with signing authority     John Martin, Citizen: South Africa, Residential address: Wädenswil, Switzerland, joint signature of two, Registered since: 15.08.2012

Member with signing authority     Beda Mrose, Citizen: Magden, Switzerland, Residential address: 5313 Klingnau/AG, Switzerland, born: 10.02.1964, joint signature of two, Registered since: 27.06.2007

Member with signing authority     Girish Vishwanath Nadkarni, Citizen: United States of America, Residential address: Weston, United States of America, joint signature of two, Registered since: 25.09.2014

Member with signing authority     Daniel Neeser, Citizen: Adliswil, Switzerland, Residential address: Thalwil, Switzerland, born: 08.06.1962, joint signature of two

Member with signing authority     Adrian Obrist, Citizen: Neuenkirch, Switzerland, Residential address: Hergiswil/NW, Switzerland, joint signature of two, Registered since: 06.02.2014

Member with signing authority     Marco Pellin, Citizen: St. Gallen, Switzerland, Residential address: 8917 Oberlunkhofen/AG, Switzerland, joint signature of two, Registered since: 12.03.2009

Member with signing authority     Madeleine Petit, Citizen: France, Residential address: 5400 Baden/AG, Switzerland, joint signature of two, Registered since: 12.01.2011

Member with signing authority     Stefan Ramseier, Citizen: Luzern, Switzerland, Residential address: Obersiggenthal, Switzerland, joint signature of two, Registered since: 02.06.2014

Member with signing authority     Mauro Romano, Citizen: Frick, Switzerland, Residential address: Unterentfelden, Switzerland, joint signature of two, Registered since: 06.02.2014

Member with signing authority     Ernst Roth, Citizen: Ebnat-Kappel, Switzerland, Residential address: Freienwil, Switzerland, joint signature of two, Registered since: 15.08.2012

Member with signing authority     Adrian Rothenbühler, Citizen: Oberdorf SO, Switzerland, Residential address: Küttigen, Switzerland, joint signature of two, Registered since: 25.10.2011

Member with signing authority     Jacqueline Rowlands, Citizen: United Kingdom, Residential address: 5417 Untersiggenthal/AG, Switzerland, joint signature of two, Registered since: 05.01.2006

Member with signing authority     Natascia Rubinic, Citizen: Italy, Residential address: Kilchberg /ZH, Switzerland, joint signature of two, Registered since: 25.09.2014

Member with signing authority     Clemens Sager, Citizen: Ebikon, Switzerland, Residential address: Ottenbach, Switzerland, joint signature of two, Registered since: 26.06.2012

Member with signing authority     Alexander Scharrer, Citizen: Germany, Residential address: Küssaberg, Germany, joint signature of two, Registered since: 27.06.2008

Member with signing authority     Dieter Schön, Citizen: Germany, Residential address: Klettgau , Germany, joint signature of two, Registered since: 06.01.2012

Member with signing authority     Federico Scrugli, Citizen: Italy, Residential address: 5436 Würenlos/AG, Switzerland, born: 26.07.1958, joint signature of two

Member with signing authority     Dominique Sigl, Citizen: Basel, Arbon, Switzerland, Residential address: Zürich/ZH, Switzerland, joint signature of two, Registered since: 09.03.2006

Member with signing authority     Helen Stauffiger, Citizen: Zürich, Switzerland, Residential address: Oberlunkhofen, Switzerland, joint signature of two, Registered since: 27.11.2012

Member with signing authority     Detlef Steck, Citizen: Zollikon, Switzerland, Residential address: Erlenbach/ZH, Switzerland, joint signature of two, Registered since: 07.03.2012

Member with signing authority     Bernadette Stirnimann, Citizen: Urdorf, Switzerland, Residential address: Zürich/ZH, Switzerland, born: 12.06.1969, joint signature of two, Registered since: 10.04.2008

Member with signing authority     Philippe Verdoire, Citizen: France, Residential address: Zumikon, Switzerland, joint signature of two, Registered since: 24.12.2013

Member with signing authority     Tomas Vit, Citizen: Czech, Residential address: 5452 Oberrohrdorf/AG, Switzerland, joint signature of two, Registered since: 12.03.2009

Member with signing authority     Frank Wentzler, Citizen: Germany, Residential address: Eschenz, Switzerland, born: 17.08.1960, joint signature of two

Member with signing authority     Max Wüthrich, Citizen: Trub, Switzerland, Residential address: Risch, Switzerland, joint signature of two

Member with signing authority     Karin L. J. Wynen, Citizen: Belgium, Residential address: Lenzburg, Switzerland, joint signature of two, Registered since: 02.06.2014

Member with signing authority     Daniel Zeidler, Citizen: Arlesheim, Switzerland, Residential address: Kesswil, Switzerland, joint signature of two, Registered since: 25.10.2011

Member with signing authority     Thomas Zickler, Citizen: Germany, Residential address: Pfäffikon, Switzerland, joint signature of two, Registered since: 18.10.2010

Member with signing authority     Armin Ziegler, Citizen: Germany, Residential address: Biberstein, Switzerland, joint signature of two, Registered since: 25.09.2014

Member with signing authority     Gilbert Zimmermann, Citizen: Schwändi, Switzerland, Residential address: 5420 Ehrendingen/AG, Switzerland, joint signature of two, Registered since: 11.05.2007

Member with signing authority     Martin Zimmermann, Citizen: Germany, Residential address: Küssaberg, Germany, joint signature of two, Registered since: 11.05.2007

Member with signing authority     Martin Zürcher, Citizen: Trub, Switzerland, Residential address: Buchs /ZH, Switzerland, joint signature of two, Registered since: 25.10.2011

Member with procuration             Marianne Bernath, Citizen: Thayngen, Switzerland, Residential address: Thayngen, Switzerland, joint power of attorney of two, Registered since: 19.12.2001

Member with procuration             Thomas Forster, Citizen: Hauptwil-Gottshaus, Switzerland, Residential address: Widnau, Switzerland, joint power of attorney of two, Registered since: 19.12.2001

Member with procuration             Peter Nachbur, Citizen: Basel, Switzerland, Residential address: Muri bei Bern, Switzerland, joint power of attorney of two, Registered since: 19.12.2001

Member with procuration             Rainer Sernatinger, Citizen: Germany, Residential address: Singen, Germany, joint power of attorney of two, Registered since: 19.12.2001

 

 

External Positions

 

Title                 Name

Auditor              Ernst & Young AG, Residential address: Zürich, Switzerland, Id: CHE-491.907.686

 

 

Ultimate Parent Company

 

Name:               ABB Ltd

City/Country:     Zürich/ZH, Switzerland/CH

 

 

Financial Data ABB Switzerland

 

Consolidation:               consolidated (Segment)

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2013        31.12.2012        31.12.2011        31.12.2010        31.12.2009

Number of months:                                       12                    12                    12                    12                    12

Currency:                                                mil. CHF           mil. CHF           mil. CHF           mil. CHF           mil. CHF

 

Operating revenue                                         3,551.0             3,520.0             3,571.0             3,602.0             3,680.0

Capital                                                              55.0                  55.0                 55.0                  55.0                 55.0

Research and Development                               270.0                293.0                412.0                398.0

Orders received                                             3,328.0             3,280.0             3,368.0             3,612.0

 

Employees  at year end                                    6,966                6,949                6,647                6,137                6,359

 

 

Financial Data ABB Group

 

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2013        31.12.2012        31.12.2011        31.12.2010        31.12.2009

Number of months:                                       12                    12                    12                    12                    12

Currency:                                                mil. USD           mil. USD           mil. USD           mil. USD           mil. USD

Statement norm:                                                             US-GAAP         US-GAAP         US-GAAP         US-GAAP

 

Balance Sheet

Intangible fixed assets                                 13,967.0           13,727.0             9,522.0             4,786.0             3,469.0

Tangible fixed assets                                     6,254.0             5,947.0             4,922.0             4,356.0             4,072.0

Financial fixed assets                                       197.0                213.0                156.0                  19.0                 49.0

other fixed assets                                          1,221.0             1,181.0             1,261.0             1,786.0             1,909.0

Fixed assets                                              21,639.0           21,068.0           15,861.0           10,947.0             9,499.0

 

Stocks                                                         6,004.0             6,182.0             5,737.0             4,878.0             4,550.0

Trade accounts receivable                            12,146.0           11,575.0           10,773.0             9,970.0             9,451.0

Liquid assets                                                6,021.0             6,875.0             4,819.0             5,897.0             7,119.0

Securities                                                        464.0             1,606.0                948.0             2,713.0             2,433.0

other trade accounts                                      1,538.0             1,453.0             1,283.0             1,697.0             1,440.0

Accruals                                                         252.0                311.0                227.0                193.0                236.0

Other current assets                                      8,275.0           10,245.0             7,277.0           10,500.0           11,228.0

Current assets                                           26,425.0           28,002.0           23,787.0           25,348.0           25,229.0

 

Total assets                                               48,064.0           49,070.0           39,648.0           36,295.0           34,728.0

 

Capital                                                         1,750.0             1,691.0             1,621.0             1,454.0             3,943.0

Other shareholders funds                             16,928.0           15,215.0           14,156.0           13,431.0             9,847.0

Total shareholders equity                         18,678.0           16,906.0           15,777.0           14,885.0           13,790.0

 

Minority interests                                             530.0                540.0                559.0                573.0                683.0

long term debt (financial debts)                       7,570.0             7,534.0             3,231.0             1,139.0             2,172.0

Provisions                                                     2,904.0             3,550.0             2,024.0             1,242.0             1,507.0

Other non current liabilities                             1,707.0             1,566.0             1,496.0             1,718.0             1,997.0

Non current liabilities                                   12,181.0           12,650.0             6,751.0             4,099.0             5,676.0

short term debt (financial debts)                        453.0             2,537.0                765.0             1,043.0                161.0

Trade accounts payable                                 6,826.0             7,027.0             6,546.0             6,319.0             5,659.0

Provisions                                                     3,333.0             3,658.0             3,943.0             4,119.0             3,883.0

Accruals                                                       1,090.0             2,096.0             1,822.0             1,644.0             1,600.0

other accounts payable                                  4,973.0             3,656.0             3,485.0             3,613.0             3,276.0

other current liabilities                                    9,396.0             9,410.0             9,250.0             9,376.0             8,759.0

Current liabilities                                      16,675.0           18,974.0           16,561.0           16,738.0           14,579.0

 

Shareh. equity, min. interests + liabilities 48,064.0           49,070.0           39,648.0           36,295.0           34,728.0

 

 

Profit and loss account

 

Net sales                                                    41,848.0           39,336.0           37,990.0           31,589.0           31,795.0

Other operating revenue                                       0.0                   0.0                   0.0                   0.0                329.0

Operating revenue                                    41,848.0           39,336.0           37,990.0           31,589.0           32,124.0

 

Cost of goods sold                                       29,856.0           27,958.0           26,556.0           22,060.0           22,470.0

Gross profit                                                 11,992.0           11,378.0           11,434.0             9,529.0             9,654.0

Other operating expenses                              7,605.0             7,320.0             6,767.0             5,711.0             5,528.0

Operating result                                          4,387.0             4,058.0             4,667.0             3,818.0             4,126.0

 

Interest revenues                                               69.0                  73.0                 90.0                  95.0                121.0

Financial income                                               69.0                  73.0                 90.0                  95.0                121.0

Interest expenses                                            390.0                293.0                207.0                173.0                127.0

Financial expenses                                          390.0                293.0                207.0                173.0                127.0

Financial result                                               -321.0               -220.0               -117.0                 -78.0                  -6.0

Result before extraordinary items              4,066.0             3,838.0             4,550.0             3,740.0             4,120.0

 

Extraordinary income                                                                   4.0                   9.0                  10.0                 17.0

Extraordinary expenses                                      37.0

Extraordinary Result                                         -37.0                   4.0                   9.0                  10.0                 17.0

Result before taxes                                     4,029.0             3,842.0             4,559.0             3,750.0             4,137.0

 

Taxes                                                           1,122.0             1,030.0             1,244.0             1,018.0             1,001.0

Result before minority interests                      2,907.0             2,812.0             3,315.0             2,732.0             3,136.0

minority interests                                             120.0                108.0                147.0                171.0                235.0

Result for the financial year                        2,787.0             2,704.0             3,168.0             2,561.0             2,901.0

 

Cash flow

Depreciation                                                 1,318.0             1,182.0                995.0                702.0                655.0

Cash flow                                                     4,225.0             3,994.0             4,310.0             3,434.0             3,791.0

Cash flow from operating activities                  3,653.0             3,779.0             3,612.0             4,197.0             4,027.0

Investments in tangible fixed assets                1,106.0             1,293.0             1,021.0                840.0                967.0

Cash flow from investing activities                     -717.0            -5,575.0            -3,253.0            -2,747.0            -2,220.0

Cash flow from financing activities                  -3,856.0             3,762.0            -1,208.0            -2,530.0            -1,301.0

Others                                                              66.0                  90.0               -229.0               -142.0                214.0

Change in liquidity                                           -854.0             2,056.0            -1,078.0            -1,222.0                720.0

Liquidity at beginning of the year                     6,875.0             4,819.0             5,897.0             7,119.0             6,399.0

Liquidity at end ot the year                             6,021.0             6,875.0             4,819.0             5,897.0             7,119.0

 

 

Notes

 

Research and Development                            1,470.0             1,464.0             1,371.0             1,082.0             1,037.0

Orders received                                           38,896.0           40,232.0           40,210.0           32,681.0           30,969.0

Added value                                                  5,737.0             5,317.0             5,761.0             4,625.0             4,911.0

Working Capital                                           11,324.0           10,730.0             9,964.0             8,529.0             8,342.0

Sales per Employee                                            0.3                   0.3                   0.3                   0.3                   0.3

Market capitalisation                                    54,000.0           47,700.0           43,152.1           47,564.6           45,700.0

Gross cost land and buildings                        4,478.0             4,316.0             3,648.0             3,887.0             3,677.0

Gross cost other tangible fixed assets            8,903.0             8,230.0             7,395.0             6,371.0             6,047.0

Gross cost total                                          13,381.0           12,546.0           11,043.0           10,258.0             9,724.0

 

Employees  at year end                                147,700            146,100            133,600            116,500            116,100

Employees inland                                            7,250                6,949                6,647                6,400                6,300

Employees abroad                                        140,450            139,151            126,953            110,100            109,800

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Type:                            indirect, Group-Level 1

Name:                          ABB Ltd

City/Country:                 Zürich/ZH, Switzerland/CH

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

 

 

Investments

 

Class:                          100%

Name:                          Trasfor SA

City/Country:                 Monteggio/TI, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 11.07.2011)

 

Class:                          0-9%

Name:                          REFUNA AG

City/Country:                 Döttingen/AG, Switzerland/CH

No. of shares:               145

Interest:                        8,06% voting right, 8,06% capital interest

 

 

Financials

 

Balance sheet publication:       

The subject company does not publish balance sheet figures.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

27.03.2014          2013                           1                 257,688.--      Legal actions

27.03.2014          2012                           1                         89.--      Legal actions

27.03.2014          2011                           0

27.03.2014          2010                           0

02.09.2013          2009                           1                     1,162.--      Legal actions

07.05.2012          2008                           1                       119.--      Legal actions

Official bankruptcy reports:

No bankruptcy publications available on the subject.

 

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.

 

 

Payment experiences

 

Mode of payment / Business conduct:

There are no complaints about the mode of payment and the business conduct.

 

 

Remarks

 

Debt collection case:

MAY 2014: CHF   125.00, last reminder.

MAR 2014: CHF   375.00, last reminder.

MAR 2014: CHF   234.00, paid.

FEB 2014: CHF 1'200.00, paid.

SEP 2013: CHF 9'770.00, last reminder.

JAN 2013: CHF   253.00, paid.

JUL 2010: CHF    30.00, paid.

 

 

Credit Information

 

Financial Situation:                  The financial situation is considered to be very good.

 

Payment experiences:             Payment habits are considered good.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.83

UK Pound

1

Rs.96.56

Euro

1

Rs.77.42                       

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SMN

 

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.