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Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
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Name : |
BENNINGER AG |
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Registered Office : |
Fabrikstrasse, 9240 Uzwil/SG |
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Country : |
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Year of Incorporation : |
1859 |
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Com. Reg. No.: |
320.3.043.185-3 / 408376 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Engaged in developing and manufacturing textile finishing and cord production ranges as well as providing complete system solutions. · Subject offer solutions for all important textile finishing processes and specializes in the continuous open width treatment of fabrics and interlaced yarns. · Engaged in manufacturing machinery for textile, apparel and leather production |
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No of Employees : |
200 (Estimated) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
switzerland ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous,
and modern market economy with low unemployment, a highly skilled labor force,
and a per capita GDP among the highest in the world. Switzerland's economy
benefits from a highly developed service sector, led by financial services, and
a manufacturing industry that specializes in high-technology, knowledge-based
production. Its economic and political stability, transparent legal system,
exceptional infrastructure, efficient capital markets, and low corporate tax
rates also make Switzerland one of the world's most competitive economies. The
Swiss have brought their economic practices largely into conformity with the
EU's to enhance their international competitiveness, but some trade
protectionism remains, particularly for its small agricultural sector. The fate
of the Swiss economy is tightly linked to that of its neighbors in the euro
zone, which purchases half of all Swiss exports. The global financial crisis of
2008 and resulting economic downturn in 2009 stalled export demand and put
Switzerland in a recession. The Swiss National Bank (SNB) during this period
effectively implemented a zero-interest rate policy to boost the economy as
well as prevent appreciation of the franc, and Switzerland's economy 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 |
Benninger AG
Fabrikstrasse
9240 Uzwil/SG
Switzerland/CH
Telephone: 071
9558585
Fax: 071
9558747
Web
site: http://www.benningergroup.com
E-mail: info@benningergroup.com
VAT-No.: CHE102334085
Established: 1859
History: 1859: Established from Henrich + Jakob Benninger
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile, apparel
and leather production
Import/Export: Export
Export
sales: 98,0%
Quality
certification: ISO 9001:2008
Banks: UBS Ltd
CS Credit
Suisse
SGKB St.
Galler Kantonalbank
Bayerische
Vereinsbank
Coverage: Company
Figures: estimated
Employees: 200
Sales: CHF 60-80 Mio
The Company develops and manufactures textile finishing and cord production ranges as well as providing complete system solutions. They offer solutions for all important textile finishing processes and specializes in the continuous open width treatment of fabrics and interlaced yarns.
Information on property ownership was not available.
Company
No: 320.3.043.185-3 / 408376
Legal
form: Company limited by
shares
Registration: 02.09.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Statutes:
20.06.2006
Date of
Incorporation Statutes: 29.08.1997
Entry Deleted Name
10.07.2006 Benninger
SA (Name translated)
10.07.2006 Benninger
Ltd (Name translated)
02.09.1997 Benninger
AG
26.10.2001 10.07.2006 Benninger Co.Ltd. (Name translated)
26.10.2001 10.07.2006 Benninger S.A. (Name translated)
Entry Deleted Legal domicile
02.09.1997 Uzwil,
Switzerland
Entry Deleted Address
02.09.1997 Fabrikstrasse,
9240 Uzwil/SG, Switzerland/CH
Entry Deleted Capital
02.09.1997 Share
Capital CHF 3,000,000, paidup CHF 3,000,000
Entry Deleted Capital Structure
02.09.1997 30,000
Registered shares of CHF 100.--
Title Name
President Peter
Schifferle, Origin: Döttingen, Switzerland, Residential address: Hard bei
Weinfelden (Weinfelden), Switzerland, joint signature of two, Registered since:
10.07.2006
Vice-President Rolf Friedli,
Origin: Ursenbach, Switzerland, Residential address: Herrliberg, Switzerland,
joint signature of two, Registered since: 01.03.2006
Director Jürg Henz,
Origin: Brugg, Bärschwil, Switzerland, Residential address: Zuzwil/SG, Switzerland,
joint signature of two, Registered since: 27.12.2011
Director Daniel
Hirschi, Origin: Rüschegg, Switzerland, Residential address: 2500
Biel/Bienne/BE, Switzerland, joint signature of two, Registered since:
16.03.2007
Director Christian
Kuoni, Origin: Maienfeld, Switzerland, Residential address: Zeiningen,
Switzerland, joint signature of two, Registered since: 10.07.2006
Director Boris
Zoller, Origin: Au SG, Switzerland, Residential address: Unterägeri,
Switzerland, joint signature of two, Registered since: 08.01.2013
Title Name
Member
with signing authority Carmen Hayoz,
Origin: Ueberstorf, Switzerland, Residential address: Busswil (Sirnach)/TG,
Switzerland, joint signature of two, Registered since: 02.09.2008
Member
with signing authority Gerhard Huber,
Origin: Salenstein, Switzerland, Residential address: 8268 Salenstein/TG,
Switzerland, joint signature of two, Registered since: 21.07.2003
Member
with procuration Guido Benz,
Origin: Marbach SG, Switzerland, Residential address: Niederuzwil/SG,
Switzerland, joint power of attorney of two, Registered since: 26.03.1998
Member
with procuration Jürg Brander,
Origin: Bütschwil, Switzerland, Residential address: 9240 Uzwil/SG,
Switzerland, joint power of attorney of two, Registered since: 12.11.1999
Member
with procuration Paul Dürr,
Origin: Gams, Switzerland, Residential address: Oberuzwil/SG, Switzerland,
joint power of attorney of two, Registered since: 04.03.1999
Member
with procuration Adolf Gehrig,
Origin: Degersheim, Switzerland, Residential address: Flawil, Switzerland,
joint power of attorney of two, Registered since: 07.06.2004
Member
with procuration Jürgen
Ströhle, Origin: Austria, Residential address: Dornbirn, Austria, joint power
of attorney of two, Registered since: 19.03.2001
Title Name
Auditor Ernst
& Young AG, Residential address: St. Gallen, Switzerland, Id:
CH-320.9.045.654-2, Registered since: 10.07.2006
Title Name
Chief
Executive Officer Gerhard
Huber
Chief
Financial Officer Carmen
Hayoz
Name: Benninger Holding AG
City/Country: Uzwil/SG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Benninger Holding AG
City/Country: Uzwil/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Benninger Automation
GmbH
City/Country: Zell im
Wiesental/Baden-Württemberg, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Benninger India
Private Limited
City/Country: Mumbai/Maharashtra, India/IN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Benninger Trading
(Shanghai) Co. Ltd.
City/Country: Shanghai, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Benninger Zell GmbH
City/Country: Zell, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Küsters Textile
Gesellschaft mit beschränkter Haftung
City/Country: Zittau, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2008)
Control date Year No. Amount CHF Status
20.11.2013 2013 1 438,590.-- Opposition filed
20.11.2013 2012 0
20.11.2013 2011 0
20.11.2013 2010 0
20.11.2013 2009 0
20.03.2013 2008 1 109,116.-- Opposition filed
22.03.2010 2007 0
06.03.2009 2006 0
06.03.2009 2005 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Financial obligations are
met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.87 |
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|
1 |
Rs.97.69 |
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Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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-- |
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.