MIRA INFORM REPORT

Report No. :	353298
Report Date :	14.12.2015

IDENTIFICATION DETAILS

Name :	CCI AG

Registered Office :	Itaslenstrasse 9 8362 Balterswil/TG

Country :	Switzerland

Financials (as on) :	31.12.2014

Date of Incorporation :	19.02.1997

Com. Reg. No.:	020.3.019.459-9

Legal Form :	Company limited by shares

Line of Business :	· Manufacture of other taps and valves Manufacture of engines and turbines, except aircraft, vehicle and cycle engines · Manufacture of electronic components

No. of Employee :	220

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Switzerland

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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.

The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.

In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.

Source : CIA

Company name and address

CCI AG

"IMI Nuclear"

Operating address:

Itaslenstrasse 9

8362 Balterswil/TG

Switzerland/CH

Telephone: 052 2649500

Fax: 052 2649501

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

WIN Worldbox No.: CH0000045878

VAT-No.: CHE-108.568.931 MWST

UID-No.: CHE108568931

Profile

Established: 1997

Line of Business: Machinery, Electro technology

Industry Division: Manufacturing

Industry-code (NACE): 2814 Manufacture of other taps and valves

2811 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

2611 Manufacture of electronic components

Import/Export: Export

Quality certification: ISO 9001 (since 2000)

Banks: UBS Ltd

CS Credit Suisse

Operational Figures

Coverage: Company

Figures: estimated

Employees: 220

Activity

As one of the key valve production facilities in the CCI portfolio, the Switzerland location is capable of producing custom supercritical valves for the plants in India and China. The company operates as business unit "IMI Nuclear".

IMI Nuclear is Headquartered in Balterswil, Switzerland and is a part of the IMI Severe Service platform. The Group reflected its commitment to the nuclear industry by consolidating its nuclear businesses under one business unit. IMI nuclear consists of CCI nuclear product lines from CCI Rancho Santa Margarita, CCI Switzerland, CCI Japan and CCI Korea,

Newman Hattlersley Ltd in Canada, IMI Components and Truflo Marine located in Birmingham, England. IMI Nuclear also collaborates with Nuclear companies from the Fluid Controls Division of IMI including, Bushjost, Thompson Valves and Norgren.

The Group is active in the design, manufacture and service of control and isolation valves for the severe service applications of the fossil power, oil and gas and nuclear industries. The Group has branches in 18 countries and representative offices in 60 countries.

Real Estate

Real Estate: It is understood that the company owns certain property.

Company Register

Company No: 020.3.019.459-9

UID-No.: CHE108568931

Legal form: Company limited by shares

Registration: 19.02.1997

Legal status: active

Responsible Register: Handelsregister des Kantons Thurgau

History: Date of Statutes: 29.09.2011

Date of Statutes: 21.01.1998

Date of Statutes: 10.04.1997

Date of Incorporation Statutes: 14.02.1997

Entry Deleted Name

19.02.1997 CCI AG

Entry Deleted Legal domicile

05.10.2011 Bichelsee-Balterswil, Switzerland

19.02.1997 05.10.2011 Winterthur, Switzerland

Entry Deleted Address

05.10.2011 Itaslenstrasse 9, 8362 Balterswil/TG, Switzerland/CH

15.07.2003 05.10.2011 Im Link 11, 8404 Winterthur/ZH, Switzerland/CH

15.05.1997 15.07.2003 Hegifeldstrasse 10, 8404 Winterthur, Switzerland/CH

19.02.1997 15.05.1997 c/o Dr. Martin Forster, Tellstrasse 49, 8400 Winterthur/ZH, Switzerland/CH

Entry Deleted Capital

15.04.1997 Share Capital CHF 10,000,000, paidup CHF 10,000,000

Entry Deleted Capital Structure

15.04.1997 10,000 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Muriel Rouget

Citizen: France

Residential address: Winterthur, Switzerland

joint signature of two

Registered since: 05.10.2011

Vice-President Olivier Segers

Citizen: Belgium

Residential address: Thalwil, Switzerland

joint signature of two

Registered since: 12.09.2014

Director Hans-Peter Buschor

Citizen: Altstätten, Switzerland

Residential address: 8400 Winterthur /ZH, Switzerland

joint signature of two

Registered since: 05.03.1998

Management

Title Name

Member with signing authority Christian Larsen

Citizen: United States of America

Residential address: Winterthur, Switzerland

joint signature of two

Registered since: 03.04.2014

Member with procuration Peter Blaser

Citizen: Langnau im Emmental, Switzerland

Residential address: Hagenbuch (Hagenbuch)/ZH, Switzerland