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Report No. : |
318752 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
SMS CONCAST AG |
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Registered Office : |
Tödistrasse 9 8027 Zürich/ZH
Switzerland/CH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
16.04.1957 |
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Com. Reg. No.: |
020.3.905.742-1 / 37853 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is a supplier of technology for the electric steelmaking and
casting technology. Specializing in continuous casting as arc furnaces,
continuous casting machines and facilities of secondary metallurgy |
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No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
SMS CONCAST AG
Tödistrasse 9
8027 Zürich/ZH
Switzerland/CH
Telephone: 044
2046511
Fax: 044
2028122
Web
site: http://www.sms-concast.ch
E-mail: info@sms-concast.ch
WIN
Worldbox No.: CH0000315143
VAT-No.: CHE103878488
Established: 1954
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2891 Manufacture of machinery for metallurgy
Import/Export: Export
Quality
certification: ISO 9001:2008
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 130
Sales: CHF 50,000,000.--
The company is a supplier of technology for the electric steelmaking and
casting technology. Specializing in continuous casting as arc furnaces,
continuous casting machines and facilities of secondary metallurgy.
Real Estate: The
company owns buildings.
Company
No: 020.3.905.742-1 / 37853
Legal
form: Company limited by
shares
Registration: 16.04.1957
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich (since 21.12.1989)
History: Date of Statutes:
23.11.1981
Date of
Statutes: 06.05.2009
Date of
Statutes: 29.04.2008
Date of
Statutes: 01.06.2004
Date of
Statutes: 22.12.2000
Date of
Statutes: 18.09.1992
Entry Deleted Name
11.05.2009 SMS
Concast AG
11.05.2009 SMS Concast
Ltd (Name translated)
11.05.2009 SMS
Concast SA (Name translated)
11.06.2004 Concast Holding AG
11.06.2004 Concast Holding SA (Name translated)
11.06.2004 Concast Holding Ltd (Name translated)
11.06.2004 11.05.2009 Concast AG
11.06.2004 11.05.2009 Concast SA (Name translated)
11.06.2004 11.05.2009 Concast Ltd (Name translated)
Entry Deleted Legal domicile
21.12.1989 Zürich,
Switzerland
21.12.1989 Genf, Switzerland
Entry Deleted Address
12.06.1998 Tödistrasse
9, 8002 Zürich/ZH, Switzerland/CH
21.12.1989 12.06.1998 Tödistrasse 7, 8002 Zürich/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2,000,000, paidup CHF 2,000,000
Entry Deleted Capital Structure
active 20,000
Bearer shares of CHF 100.--
Title Name
President Marcel
Fasswald, Origin: Germany, Residential address: Heiligenhaus, Germany, joint
signature of two, Registered since: 12.06.2014
Vice-President Dr. Guido
Kleinschmidt, Origin: Germany, Residential address: Moers , Germany, joint signature
of two, Registered since: 12.06.2014
Chief
Executive Luis
Hernandez, Origin: Bäretswil, Switzerland, Residential address: Bülach,
Switzerland, joint signature of two, Registered since: 18.09.2012
Director Torsten
Heising, Origin: Germany, Residential address: Aachen , Germany, joint
signature of two, Registered since: 01.02.2011
Director Walter
Hess, Origin: Geuensee, Switzerland, Residential address: Bünzen/AG,
Switzerland, joint signature of two, Registered since: 11.06.2004
Title Name
Director Luis
Hernandez, Origin: Bäretswil, Switzerland, Residential address: Bülach,
Switzerland, joint signature of two, Registered since: 18.09.2012
Director Philipp
Kannengiesser, Origin: Germany, Residential address: Zürich, Switzerland, joint
signature of two, Registered since: 26.04.2013
Vice-Director Dr. Stephan
Feldhaus, Origin: Germany, Residential address: 8610 Uster/ZH, Switzerland,
joint signature of two, Registered since: 16.02.2007
Vice-Director Josef Kohl,
Origin: Austria, Residential address: Schönenberg /ZH, Switzerland, joint
signature of two, Registered since: 19.07.2004
Vice-Director Beat Kündig,
Origin: Hittnau, Switzerland, Residential address: 8820 Wädenswil/ZH,
Switzerland, joint signature of two, Registered since: 19.07.2004
Vice-Director Philipp Neuhaus,
Origin: Germany, Residential address: Zürich, Switzerland, joint signature of
two, Registered since: 22.04.2014
Vice-Director Stefan Oskar
Rutishauser, Origin: Bottighofen, Switzerland, Residential address: 9000 St.
Gallen/SG, Switzerland, joint signature of two, Registered since: 15.09.2010
Member
with procuration Diana
Boretti, Origin: Erlen, Switzerland, Residential address: Wettswil am Albis,
Switzerland, joint power of attorney of two, Registered since: 01.02.2011
Member
with procuration Giacomo
Disaro, Origin: Italy, Residential address: Erlenbach/ZH, Switzerland, joint
power of attorney of two, Registered since: 03.02.2014
Member
with procuration André Dittmann,
Origin: Rothenburg, Switzerland, Residential address: 8810 Horgen/ZH,
Switzerland, joint power of attorney of two, Registered since: 03.02.2009
Member
with procuration Thomas
Eberle, Origin: Flums, Switzerland, Residential address: Mels, Switzerland,
joint power of attorney of two, Registered since: 01.02.2011
Member
with procuration Markus
Feldmann, Origin: Kernenried, Switzerland, Residential address: Bubikon,
Switzerland, joint power of attorney of two, Registered since: 23.01.2012
Member
with procuration Erich Frank,
Origin: Langnau im Emmental, Switzerland, Residential address: 8400
Winterthur/ZH, Switzerland, joint power of attorney of two, Registered since:
11.02.2008
Member
with procuration Jonas Gruber,
Origin: Germany, Residential address:
Zuzwil /SG, Switzerland, joint power of attorney of two, Registered
since: 27.08.2014
Member
with procuration Daniel Kehl,
Origin: Rebstein, Switzerland, Residential address: Kloten, Switzerland, joint
power of attorney of two, Registered since: 23.01.2012
Member
with procuration Marcel Meier,
Origin: Künten, Switzerland, Residential address: 5400 Baden/AG, Switzerland,
joint power of attorney of two, Registered since: 16.02.2007
Member
with procuration Thomas Meier,
Origin: Dietikon, Switzerland, Residential address: Schaffhausen, Switzerland,
joint power of attorney of two, Registered since: 19.07.2004
Member
with procuration Stefan
Reusser, Origin: Steffisburg, Switzerland, Residential address: Windisch,
Switzerland, joint power of attorney of two, Registered since: 23.01.2012
Member
with procuration Pierpaolo
Rivetti, Origin: Italy, Residential address: Zürich/ZH, Switzerland, joint
power of attorney of two, Registered since: 16.02.2007
Member
with procuration Dr. Cristiano
Tercelli, Origin: Italy, Residential address: Zürich, Switzerland, joint power
of attorney of two, Registered since: 19.07.2004
Title Name
Auditor BDO AG,
Residential address: Zürich, Switzerland, Id: CHE-105.952.747, Registered
since: 15.09.2010
Title Name
Chief
Executive Officer Luis
Hernandez
Chief
Financial Officer Philipp
Kannengiesser
Chief
Development Officer Matthias
Ebneter
Chief
Business Segment Officer Matteo Crosti
Chief
Business Segment Officer Vincent Duport
Chief
Business Segment Officer Dr. Stephan
Feldhaus
Chief
Business Segment Officer Beat Kündig
Chief
Business Segment Officer Philipp Neuhaus
Chief
Business Segment Officer Stefan Oskar
Rutishauser
Chief
Business Segment Officer Felice
Sciancalepore
Siemag Weiss GmbH
& Co. KG
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011
Number of months: 12 12
Currency: th.
EUR th. EUR
Intangible fixed
assets 588,261.0 400,315.0
Tangible fixed
assets 609,767.0 367,228.0
Financial fixed
assets 147,056.0 69,768.0
other fixed assets 125,038.0 142,607.0
Fixed assets 1,470,122.0 979,918.0
Stocks 968,579.0 692,410.0
Trade accounts
receivable 868,662.0 554,841.0
Liquid assets 1,278,991.0 1,804,996.0
Securities 850,211.0 766,290.0
other trade
accounts 202,489.0 173,978.0
Other current
assets 2,331,691.0 2,745,264.0
Current assets 4,168,932.0 3,992,515.0
Total assets 5,639,054.0 4,972,433.0
Total shareholders equity 1,168,179.0 871,800.0
long term debt
(financial debts) 13,143.0 11,287.0
Other non current
liabilities 908,151.0 844,330.0
Non current
liabilities 921,294.0 855,617.0
short term debt
(financial debts) 136,122.0 93,774.0
Trade accounts
payable 411,946.0 331,085.0
Accruals 1,429,479.0 1,347,916.0
other accounts
payable 1,572,034.0 1,472,241.0
other current
liabilities 3,001,513.0 2,820,157.0
Current liabilities 3,549,581.0 3,245,016.0
Shareh. equity, min. interests + liabilities 5,639,054.0 4,972,433.0
Sales 3,237,394.0 3,069,722.0
Net sales 3,237,394.0 3,069,722.0
Other operating
revenue 21,172.0 14,428.0
Operating revenue 3,258,566.0 3,084,150.0
Cost of goods sold 2,418,723.0 2,268,284.0
Gross profit 839,843.0 815,866.0
Other operating
expenses 598,122.0 578,147.0
Operating result 241,721.0 237,719.0
Financial income 17,788.0 28,110.0
Financial expenses 1,315.0 641.0
Financial result 16,473.0 27,469.0
Result before extraordinary items 258,194.0 265,188.0
Result before taxes 258,194.0 265,188.0
Taxes 100,572.0 89,404.0
Result before
minority interests 157,622.0 175,784.0
minority interests -597.0 -9,822.0
Result for the financial year 158,219.0 185,606.0
Added value 258,194.0 265,188.0
Working Capital 1,425,295.0 916,166.0
Sales per Employee 238.3 270.6
Employees at year end 13,588 11,346
Name: Siemag Weiss GmbH
& Co. KG
City/Country: Hilchenbach-Dahlbruch,
Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: Siemag Weiss GmbH
& Co. KG
City/Country: Hilchenbach-Dahlbruch,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2004)
Class: 100%
Type: direct, Group-Level 2
Name: SMS GmbH
City/Country: Düsseldorf/Nordrhein-Westfalen,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest (since 2004)
Class: 100%
Name: ISPS International
Steel Plant Services AG
City/Country: Zug/ZG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS Concast America
Inc.
City/Country: Pittsburgh/Pennsylvania, United
States of America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS Concast Canada
Inc.
City/Country: Ontario, Canada/CA
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS CONCAST
ENGINEERING (INDIA) PRIVATE LIMITED
City/Country: PUNE/Maharashtra, India/IN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS Concast Iberica
S.A.
City/Country: Barcelona, Spain/ES
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS Concast Italia SpA
City/Country: Udine, Italy/IT
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: SMS Meer Metalurgia do
Brasil Ltda.
City/Country: Barueri/Sao Paulo, Brazil/BR
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
15.03.2013 2013 0
31.12.2012 2012 0
31.12.2011 2011 0
13.02.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
31.12.2006 2006 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 good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
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 |
|
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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 |
|
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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 |
-- |
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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.