|
Report No. : |
318331 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEREX GLOBAL GMBH |
|
|
|
|
Registered Office : |
Bleicheplatz 2 8200 Schaffhausen/SH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
23.01.2009 |
|
|
|
|
Com. Reg. No.: |
290.4.016.364-4 |
|
|
|
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Legal Form : |
Limited Liability Company |
|
|
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Line of Business : |
Subject is engaged in sale of machinery for mining, quarrying and construction machinery and equipment for the open pit, of shipment, transportation, recycling, refining, utility and maintenance industries. The company also provides various administrative services to the Group. |
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|
|
No. of Employee : |
5 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
TEREX GLOBAL GMBH
Bleicheplatz 2
8200
Schaffhausen/SH
Switzerland/CH
Telephone: 052
6334080
Fax: 052
6334070
Web
site: http://www.terex.com
E-mail: info@terex.com
WIN
Worldbox No.: CH0008140809
VAT-No.: CHE-114.687.395 MWST
UID-No.: CHE114687395
Established: 2009
Line
of Business: Consulting/Auditing,
Industrial goods wholesale, Consumer goods wholesale
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 7010 Activities of head offices
4663 Wholesale of mining, construction and
civil engineering machinery
4669 Wholesale of other machinery and
equipment
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 5
Sales: CHF 10-20 Mio
The business comprises the sale of machinery
for mining, quarrying and construction machinery and equipment for the open
pit, of shipment, transportation, recycling, refining, utility and maintenance
industries. The company also provides various administrative services to the
Group.
Real
Estate: The company does
not appear to own any property.
Company
No: 290.4.016.364-4
UID-No.: CHE114687395
Legal
form: Limited Liability
Company
Registration: 23.01.2009
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schaffhausen
History: Date of Incorporation
Statutes: 21.01.2009
Entry Deleted Name
23.01.2009 Terex
Global GmbH
23.01.2009 Terex
Global S. à r. l. (Name translated)
23.01.2009 erex
Global Ltd liab. Co (Name translated)
Entry Deleted Legal domicile
23.01.2009 Schaffhausen,
Switzerland
Entry Deleted Address
30.12.2014 Bleicheplatz
2, 8200 Schaffhausen/SH, Switzerland/CH
19.08.2010 30.12.2014 Mühlenstrasse 26, 8200 Schaffhausen/SH,
Switzerland/CH
23.11.2009 19.08.2010 Schützengraben 20, 8200 Schaffhausen/SH,
Switzerland/CH
23.01.2009 23.11.2009 c/o Klauser & Partner AG,
Pestalozzistrasse 2, 8200 Schaffhausen, Switzerland/CH
Entry Deleted Capital
23.01.2009 LLC
Capital CHF 500,000
Entry Deleted Capital Structure
23.01.2009 500
Participation shares of CHF 1,000.--
Title Name
General
Manager Kevin
Patrick Bradley
Citizen:
United States of America
Residential
address: Fairfield/CT, United States of America
single
signature
Registered
since: 27.03.2013
General
Manager Dr.
Heribert Bussmann
Citizen:
Germany
Residential
address: Neuhausen am Rheinfall,
Switzerland
single
signature
Registered
since: 07.08.2013
General
Manager Joseph M.
George
Citizen:
United States of America
Residential
address: 8000 Zürich, Switzerland
Born:
1956
single
signature
Registered
since: 12.04.2011
Chairman
of the management Eric I. Cohen
Citizen:
United States of America
Residential
address: Westport/CT, United States of America
single
signature
Registered
since: 23.01.2009
Member
with signing authority George Ellis
Citizen:
United States of America
Residential
address: Fairfield/CT, United States of America
single
signature
Registered
since: 28.05.2013
Member
with signing authority Stoyan (Steve)
Filipov
Citizen:
United States of America
Residential
address: South Salem/NY, United States of America
Born:
1968
single
signature
Registered
since: 27.08.2009
Member
with signing authority Timothy Allen
Ford
Citizen:
United States of America
Residential
address: New Canaan/CT, United States of America
single
signature
Registered
since: 07.08.2013
Member
with signing authority William Kieran
Hegarty
Citizen:
Ireland
Residential
address: Derry County , Ireland
single
signature
Registered
since: 28.03.2014
Member
with signing authority Scott Posner
Citizen:
United States of America
Residential
address: Westport/CT, United States of America
Born:
1974
single
signature
Registered
since: 27.08.2009
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id:
CH-020.3.020.876-5
Registered
since: 23.01.2009
Name: Terex Corporation
City/Country: Westport/Connecticut, United
States of America/US
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Statement norm: Local GAAP
Intangible fixed
assets 1,456.4 1,690.4 1,719.7 1,778.3 492.9
Tangible fixed assets 690.3 789.4 806.8 835.5 573.5
other fixed assets 425.1 417.5 422.3 423.4 481.1
Fixed assets 2,571.8 2,897.3 2,948.8 3,037.2 1,547.5
Stocks 1,460.9 1,613.2 1,632.2 1,758.1 1,448.7
Trade accounts
receivable 1,086.4 1,176.8 1,026.6 1,178.1 782.5
Liquid assets 478.2 408.1 678.0 774.1 894.2
Securities 3.0 521.4
other trade
accounts 330.7 441.3 460.6 300.2 322.1
Other current
assets 808.9 849.4 1,138.6 1,077.3 1,737.7
Current assets 3,356.2 3,639.4 3,797.4 4,013.5 3,968.9
Total assets 5,928.0 6,536.7 6,746.2 7,050.7 5,516.4
Capital 1,252.7 1,248.7 1,261.9 1,273.0 1,265.4
Other shareholders
funds 753.2 941.4 745.8 633.4 817.8
Total shareholders
equity 2,005.9 2,190.1 2,007.7 1,906.4 2,083.2
Minority interests 33.2 78.6 270.5 278.1 28.2
long term debt (financial
debts) 1,636.3 1,889.9 2,014.9 2,223.4 1,339.5
Other non current
liabilities 609.5 653.4 744.3 751.1 391.3
Non current
liabilities 2,245.8 2,543.3 2,759.2 2,974.5 1,730.8
short term debt
(financial debts) 152.5 86.8 83.8 77.0 346.8
Trade accounts
payable 736.1 689.1 600.2 764.6 570.0
Accruals 278.2 330.5 316.1 333.3 214.9
other accounts
payable 476.3 618.3 708.7 716.8 542.5
other current
liabilities 754.5 948.8 1,024.8 1,050.1 757.4
Current
liabilities 1,643.1 1,724.7 1,708.8 1,891.7 1,674.2
Shareh. equity,
min. int. & liabilities 5,928.0 6,536.7 6,746.2 7,050.7 5,516.4
Sales 7,308.9 7,084.0 6,982.2 6,504.6
Net sales 7,308.9 7,084.0 6,982.2 6,504.6 4,418.2
Operating revenue 7,308.9 7,084.0 6,982.2 6,504.6 4,418.2
Cost of goods sold 5,855.4 5,644.5 5,582.1 5,544.3 3,815.3
Gross profit 1,453.5 1,439.5 1,400.1 960.3 602.9
Other operating
expenses 1,033.8 1,020.4 1,033.3 879.9 676.7
Operating result 419.7 419.1 366.8 80.4 -73.8
Interest revenues 6.6 6.7 8.8 14.3 9.8
other financial
revenues 13.3 9.8 139.7
Financial income 6.6 20.0 18.6 154.0 9.8
Interest expenses 119.1 126.1 164.6 134.9 145.4
other financial
expenses 323.4 13.7 92.6 15.8 28.9
Financial expenses 442.5 139.8 257.2 150.7 174.3
Financial result -435.9 -119.8 -238.6 3.3 -164.5
Result before
extraordinary items -16.2 299.3 128.2 83.7 -238.3
Extraordinary
income 60.0 17.0 28.8 574.0
Extraordinary
Result 60.0 17.0 28.8 0.0 574.0
Result before
taxes 43.8 316.3 157.0 83.7 335.7
Taxes 37.7 87.4 51.5 43.0 -26.8
Result before
minority interests 6.1 228.9 105.5 40.7 362.5
minority interests 0.4 -4.7 -1.7 -4.5 4.0
Result for the
financial year 5.7 233.6 107.2 45.2 358.5
Depreciation 155.7 152.3 153.0 126.6 78.6
Cash flow 161.8 381.2 258.5 167.3 441.1
Cash flow from
operating activities 410.7 188.5 292.3 19.1 -610.1
Investments in
tangible fixed assets 81.5 82.8 82.5 79.1 55.0
Cash flow from
investing activities 95.0 -37.4 -76.3 -592.5 903.8
Cash flow from
financing activities -396.7 -420.1 -323.3 454.2 -315.7
Others -38.9 -0.9 11.2 -0.9 -55.0
Change in
liquidity 70.1 -269.9 -96.1 -120.1 -77.0
Liquidity at
beginning of the year 408.1 678.0 774.1 894.2 971.2
Liquidity at end
of the year 478.2 408.1 678.0 774.1 894.2
Research and
Development 86.9 85.3 71.7
Added value 318.6 594.7 474.6 345.2 559.7
Working Capital 1,811.2 2,100.9 2,058.6 2,171.6 1,661.2
Sales per Employee 0.4 0.3 0.3 0.3 0.3
Gross cost land
and buildings 104.3 121.2 123.0 123.3 78.4
Gross cost other
tangible fixed assets 1,059.0 1,132.6 1,065.4 1,116.7 843.9
Gross cost total 1,163.3 1,253.8 1,188.4 1,240.0 922.3
Employees at year end 20,400 20,500 21,300 22,600 16,300
Employees inland 6,700 6,400 5,900 5,600 5,600
Employees abroad 13,700 14,100 15,400 17,000 10,700
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Terex Corporation
City/Country: Westport/Connecticut, United
States of America/US
Capital
share: CHF 500,000.--
Interest: 100,00% voting right, 100,00%
capital interest
Name: Amida Industries, Inc.
City/Country: South Carolina/South Carolina,
United States of America/US
Name: aptus 543.GmbH
City/Country: Germany/DE
Name: Atlas Weyhausen Norge
A/S
City/Country: Norway/NO
Name: Cor 13.GmbH & Co.
KG
City/Country: Germany/DE
Name: Demag Mobile Cranes
Gépgyártó Kft.
City/Country: Hungary/HU
Name: Demag Mobile Cranes
Spain, S.A.
City/Country: Spain/ES
Name: Duvalpilot Equipment
Outfitters, LLC
City/Country: Florida/Florida, United States
of America/US
Name: Fantuzzi Eurasia SRL
City/Country: Italy/IT
Name: Fantuzzi France S.A.S.
City/Country: France/FR
Name: Fantuzzi Group China
Limited
City/Country: China/CN
Name: Fantuzzi Noell
Deutschland GmbH
City/Country: Germany/DE
Name: Fantuzzi Noell
Netherland B.V.
City/Country: Belgium/BE
Name: Fantuzzi Reggiane
Australasia Pty Ltd
City/Country: Australia/AU
Name: Fantuzzi Reggiane
Korea Ltd.
City/Country: South Korea/KR
Name: Genie Germany GmbH
City/Country: Germany/DE
Name: Genie Lease Management
LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Genie Manufacturing,
Inc.
City/Country: Washington/Washington, United
States of America/US
Name: Genie Portfolio
Management LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Hercules Holding
Deutschland AG
City/Country: Germany/DE
Name: Hydra Platforms Mfg.
Inc.
City/Country: North Carolina/North Carolina,
United States of America/US
Name: Iniziativa Sicilia SRL
City/Country: Italy/IT
Name: LDA-III, LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Luzhou Changjiang
Metal Structure Co., Ltd.
City/Country: China/CN
Name: Luzhou Nanfang
Recycling Co. Ltd.
City/Country: China/CN
Name: PT Onjaya Kokoh
City/Country: Indonesia/ID
Name: Reggiane Cranes and
Plants SPA
City/Country: Italy/IT
Name: Schaeff Machinery
(Shanghai) Co., Ltd.
City/Country: China/CN
Name: Sichuan Changjiang
Engineering Crane Co., Ltd.
City/Country: China/CN
Name: Simplicity Material
Handling, Ltd.
City/Country: Canada/CA
Name: Spinnaker Insurance
Company
City/Country: Vermont/Vermont, United States
of America/US
Name: Terex (Changzhou)
Machinery Co., Ltd.
City/Country: China/CN
Name: Terex (China)
Investment Co., Ltd.
City/Country: China/CN
Name: Terex Cifali
Equipamentos, Ltda.
City/Country: Brazil/BR
Name: Terex Construction
France SAS
City/Country: France/FR
Name: Terex Cranes France
SAS
City/Country: France/FR
Name: Terex Cranes Pty. Ltd.
City/Country: Australia/AU
Name: Terex Cranes
Wilmington, Inc.
City/Country: North Carolina/North Carolina,
United States of America/US
Name: Terex Demag AB
City/Country: Sweden/SE
Name: Terex Demag GmbH
City/Country: Germany/DE
Name: Terex Deutschland GmbH
City/Country: Germany/DE
Name: Terex Distribution
Limited
City/Country: United Kingdom/GB
Name: Terex Equipment &
Machinery España S.L.U.
City/Country: Spain/ES
Name: Terex Equipment
Limited
City/Country: United Kingdom/GB
Name: Terex Equipment Middle
East LLC
City/Country: United Arab Emirates/AE
Name: Terex Equipments
Private Limited
City/Country: Hyderabad/Andhra Pradesh,
India/IN
Name: Terex European
Holdings B.V.
City/Country: Netherlands/NL
Name: Terex Fermec SA
City/Country: France/FR
Name: Terex Financial
Services Europe Limited
City/Country: United Kingdom/GB
Name: Terex Financial
Services, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Terex GB Limited
City/Country: United Kingdom/GB
Name: Terex Germany GmbH
& Co. K.G.
City/Country: Germany/DE
Name: Terex GmbH
City/Country: Germany/DE
Name: Terex India Private
Limited
City/Country: Bangalore/Karnataka, India/IN
Name: Terex International
Financial Services Company
City/Country: Northern Ireland/XN
Name: Terex Italia S.r.l.
City/Country: Italy/IT
Name: Terex Japan K.K.
City/Country: Japan/JP
Name: Terex Latin America
Ltda.
City/Country: Brazil/BR
Name: Terex Latin America,
S. de R.L. de C.V.
City/Country: Mexico/MX
Name: Terex Lifting
Australia Pty. Ltd.
City/Country: Australia/AU
Name: Terex Lifting U.K.
Limited
City/Country: United Kingdom/GB
Name: Terex Middle East FZE
City/Country: United Arab Emirates/AE
Name: Terex Netherlands
Holdings B.V.
City/Country: Netherlands/NL
Name: Terex NFLG (Quanzhou)
Mobile Processing Equipment Co., Ltd.
City/Country: China/CN
Name: Terex Pegson Limited
City/Country: United Kingdom/GB
Name: Terex Port Equipment
City/Country: Belgium/BE
Name: Terex Port Equipment
Southern Africa (Pty) Ltd
City/Country: South Africa/ZA
Name: Terex Port Equipment
UK Limited
City/Country: United Kingdom/GB
Name: Terex Powertrain
Limited
City/Country: United Kingdom/GB
Name: Terex Receivables, LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Terex Roadbuilding
Europe N.V.
City/Country: Belgium/BE
Name: Terex Rus LLC
City/Country: Russia/RU
Name: Terex S A
(Proprietary) Limited
City/Country: South Africa/ZA
Name: Terex (Sanhe)
Engineering and Machinery Co. Ltd.
City/Country: China/CN
Name: Terex Singapore Pte.
Ltd.
City/Country: Singapore/SG
Name: Terex (Tianjin) Co.,
Ltd.
City/Country: China/CN
Name: Terex Topower
(Shandong) Heavy Machinery Manufacturing Co., Ltd.
City/Country: China/CN
Name: Terex United Kingdom
Limited
City/Country: United Kingdom/GB
Name: Terex USA, LLC
City/Country: Delaware/Delaware, United States
of America/US
Name: Terex Utilities
Canada, Inc.
City/Country: Canada/CA
Name: Terex Utilities, Inc.
City/Country: Oregon/Oregon, United States of
America/US
Name: Terex Verwaltungs GmbH
City/Country: Germany/DE
Name: Terex-Demag Limited
City/Country: United Kingdom/GB
Name: TerexLift S.r.l.
City/Country: Italy/IT
Name: Terex-RO Corporation
City/Country: Kansas/Kansas, United States of
America/US
Name: Terex-Telelect, Inc.
City/Country: Delaware/Delaware, United States
of America/US
Name: Webster Schaeff &
Co. 2000
City/Country: United Kingdom/GB
It is believed that the company has no
investments.
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
21.05.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 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.
The company is not listed in the
WorldCompliance database.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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
paid very punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.