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Report No. : |
355499 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEYER
BURGER AG |
|
|
|
|
Registered Office : |
Schorenstrasse 39, 3645 Gwatt (Thun)/BE, Switzerland/CH |
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|
|
|
Country : |
Switzerland
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|
|
|
|
Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1953 |
|
|
|
|
Com. Reg. No.: |
092.3.006.969-4 |
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|
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|
Legal Form : |
Company Limited By Shares |
|
|
|
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Line of Business : |
Subject is
a globally active technology group with an unrivalled and comprehensive
system and product portfolio for the future-oriented markets of
photovoltaics, semiconductors, optoelectronics and other high-tech
industries. |
|
|
|
|
No. of Employees : |
400 |
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 : |
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 |
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 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 |
MEYER BURGER AG
Operating address:
Schorenstrasse 39
3645 Gwatt (Thun)/BE
Switzerland/CH
Telephone: 033
2212100
033
2212121
Fax: 033
2212510
033
2212122
Web site: http://www.meyerburger.ch
E-mail: mbinfo@meyerburger.ch
WIN Worldbox No.: CH0000173203
VAT-No.: CHE-101.974.158
MWST
UID-No.: CHE101974158
Established: 1953
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2841 Manufacture of
metal forming machinery
2899 Manufacture of other special-purpose
machinery n.e.c.
Import/Export: Export
Quality certification: ISO 9001
Banks: UBS
Ltd
BEKB
Berner Kantonalbank
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 400
Sales: CHF
200-400 Mio
Meyer
Burger is a globally active technology group with an unrivalled and
comprehensive system and product portfolio for the future-oriented markets of photovoltaics,
semiconductors, optoelectronics and other high-tech industries.
Wafer
Production:
The company
offers machines and integrated complete systems for slicing hard and brittle
materials such as silicon and sapphire. Customers use equipment of this type to
produce blanks, so-called wafers. These wafers are used in subsequent
production processes to produce solar cells, solar modules and products outside
the solar industry such as high-performance LEDs.
Module
Production:
The company
offers machines and complete systems with which to finish solar cells into
ready-to-fit solar modules. The solutions developed for this purpose are the
most technologically advanced of their kind.
PV Systems:
The company
develops and produces innovative Swiss solar systems for in-roof, flat roof,
facade and hybrid applications. The solar construction elements integrate
perfectly into the architectural design language of the buildings.
Real Estate: The
company owns buildings.
Area: 6,000
m2
Company No: 092.3.006.969-4
UID-No.: CHE101974158
Legal form: Company
limited by shares
Registration: 15.04.1959
Legal status: active
Responsible Register: Handelsregister des Kantons Bern
History: Date
of Statutes: 05.09.1997
Date
of Incorporation Statutes: 27.12.1958
Date
of Statutes: 26.01.2010
Date
of Statutes: 27.07.2007
Date
of Statutes: 03.10.2006
Date
of Statutes: 28.09.2004
Date
of Statutes: 29.06.2004
Entry Deleted Name
12.10.2006 Meyer
Burger AG
12.10.2006 Meyer
Burger Ltd (Name translated)
12.10.2006 Meyer
Burger SA (Name translated)
22.12.1995 Maschinenfabrik Meyer & Burger A.G.
06.10.2004 12.10.2006 Meyer & Burger AG
22.12.1995 06.10.2004 Maschinenfabrik Meyer & Burger AG
Entry Deleted Legal domicile
06.08.2007 Thun,
Switzerland
06.08.2007 Steffisburg, Switzerland
Entry Deleted Address
01.06.2012 Schorenstrasse
39, 3645 Gwatt (Thun)/BE, Switzerland/CH
06.08.2007 Alte Bernstrasse 146 A, 3613 Steffisburg,
Switzerland/CH
06.08.2007 01.06.2012 Allmendstrasse 86, 3600 Thun/BE,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 500,000, paidup CHF 500,000
Entry Deleted Capital Structure
active 50
Registered shares of CHF 10,000.--
Entry Deleted Activity
05.02.2010 The
company is engaged in partial or complete production of and trade in machinery,
apparatus and their parts and other activities in the sector of hard materials,
particularly for the processed metal industry. The Company may participate in
Group financing, in particular by its direct or indirect subsidiaries or other
affiliated companies provide loans or grants for their liabilities to third
parties guarantees or other securities of any kind, even if these loans or
collateral in the sole interest of its direct or indirect shareholders or other
Group companies are and will be granted free of charge . The Company may
establish branch offices, participate in other companies both at home and
abroad to acquire similar or related businesses or merge with such, acquire,
manage or continue to sell and enter into all transactions and sign contracts,
which are suitable to promote the purposes of the Company or those which are
directly or indirectly related .
Entry Deleted Remarks
02.10.2012 Merger:
Acquisition of the assets and liabilities of 3S SWISS SOLAR SYSTEMS AG in Lyss
(CH-036.3.041.991-3), pursuant to the merger agreement dated 27.09.2012 and
balance sheet as of 30.06.2012. Assets of CHF 48'570'594.00 and liabilities
(liabilities) of CHF 56'908'853.00, including a accrual of CHF 8'338'259.00,
shall be transferred to the acquiring company. The transferee company has
confirmed according to the state regulated audit firm about the available
equity regarding the extent of the shortfall and the over-indebtedness. Since
the same shareholder holds all the shares of companies involved in the merger,
neither a capital increase or an allotment of shares takes place.
Title Name
President Peter
Pauli
Citizen:
Vechigen, Switzerland
Residential
address: Uetendorf, Switzerland
joint
signature of two
Registered since:
05.02.2003
Director Michel
Hirschi
Citizen:
Schwarzenburg, Switzerland
Residential address: Bern/BE, Switzerland
joint
signature of two
Registered
since: 21.07.2006
Title Name
Chairman of the management Bernhard Gerber
Citizen: Langnau
im Emmental, Switzerland
Residential
address: Ersigen, Switzerland
joint signature of two
Registered
since: 09.09.2014
Member with signing authority Ralph Balmer
Citizen:
Wilderswil, Switzerland
Residential
address: Bern, Switzerland
joint
signature of two
Registered
since: 04.03.2015
Member with signing authority Benedikt Bucher
Citizen:
Flühli, Switzerland
Residential
address: Langnau im Emmental, Switzerland
joint
signature of two
Registered
since: 28.04.2014
Member with signing authority Patrick Hofer
Citizen:
Biglen, Switzerland
Residential
address: Thun, Switzerland
joint
signature of two
Registered
since: 28.04.2014
Member with signing authority Rémy Kuonen
Citizen:
Guttet-Feschel, Switzerland
Residential
address: Bern, Switzerland
joint
signature of two
Registered
since: 04.03.2015
Member with signing authority Daniel Sturzenegger
Citizen:
Speicher, Switzerland
Residential
address: Oftringen, Switzerland
joint
signature of two
Registered
since: 04.03.2015
Member with signing authority Thomas Weber
Citizen:
Niederried bei Kallnach, Switzerland
Residential
address: Seedorf/BE, Switzerland
joint
signature of two
Registered
since: 02.10.2012
Member with signing authority Peter Zurbrügg
Citizen:
Reichenbach im Kandertal, Switzerland
Residential
address: Köniz, Switzerland
joint signature of two
Registered
since: 02.10.2012
Member with procuration Tanja Blatter
Citizen:
Habkern, Switzerland
Residential
address: 3634 Thierachern/BE, Switzerland
joint
power of attorney of two
Registered
since: 07.07.2009
Member with procuration Walter Wieland
Citizen:
Valendas, Switzerland
Residential
address: Kirchdorf/BE, Switzerland
joint
power of attorney of two
Registered
since: 15.07.2008
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Bern, Switzerland
Id:
CHE-308.775.052
Registered
since: 28.04.2014
Title Name
Chief Executive Officer Bernhard Gerber
Chief Financial Officer Michel Hirschi
Name: Meyer
Burger Technology AG
City/Country: Gwatt/BE,
Switzerland/CH
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: Meyer
Burger Technology AG
City/Country: Gwatt/BE,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 1999)
Name: MB
Services AS
City/Country: Porsgrunn,
Norway/NO
Name: MB
Services Co. Ltd
City/Country: Gueishan
Township/Taoyuan County, Taiwan/TW
Name: MB
Services Pte. Ltd.
City/Country: Singapore,
Singapore/SG
Name: MB
Systems Co Ltd
City/Country: Seoul,
South Korea/KR
Name: MB
Systems Private Limited
City/Country: CHENNAI/Tamil
Nadu, India/IN
Name: MBT
Systems GmbH
City/Country: Langenfeld/Nordrhein-Westfalen,
Germany/DE
Name: Meyer
Burger GmbH
City/Country: Langenfeld/Nordrhein-Westfalen,
Germany/DE
Name: Meyer
Burger S.L.
City/Country: Barcelona,
Spain/ES
Name: Meyer
Burger Systems (Shanghai) Co Ltd
City/Country: Shanghai,
China/CN
Name: Pasan
SA
City/Country: Neuchâtel/NE,
Switzerland/CH
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: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Statement norm: Local GAAP IAS IAS IAS
Balance Sheet
Intangible fixed assets 132,133.0 178,088.0 468,958.0 540,195.0 395,385.0
Land and buildings 70,904.0 74,247.0 74,748.0 30,493.0 285.0
Other tangible fixed assets 70,283.0 67,418.0 89,013.0 102,959.0 33,886.0
Tangible fixed assets 141,187.0 141,665.0 163,761.0 133,452.0 34,171.0
Financial fixed assets 0.0 0.0 334.0 3,657.0 186.0
other fixed assets 112,031.0 86,545.0 77,117.0 58,110.0 12,492.0
Fixed assets 385,351.0 406,298.0 710,170.0 735,414.0 442,234.0
Stocks 134,418.0 147,887.0 173,733.0 212,005.0 139,028.0
Trade accounts receivable 39,545.0 27,802.0 36,637.0 79,208.0 36,937.0
Cash & Cash Equivalents 169,768.0 173,179.0 134,504.0 260,180.0 393,543.0
Securities 0.0 0.0 82.0 3,787.0 314.0
other trade accounts 21,900.0 20,288.0 45,671.0 86,758.0 54,743.0
Accruals 4,917.0 8,563.0
Other current assets 196,585.0 202,030.0 180,257.0 350,725.0 448,600.0
Current assets 370,548.0 377,719.0 390,627.0 641,938.0 624,565.0
Total assets 755,899.0 784,017.0 1,100,797.0 1,377,352.0 1,066,799.0
Capital 4,495.0 4,236.0 2,407.0 2,386.0 2,279.0
Other shareholders funds 344,824.0 397,898.0 612,945.0 735,333.0 640,644.0
Total shareholders equity 349,319.0 402,134.0 615,352.0 737,719.0 642,923.0
Minority interests 3,113.0 6,487.0 12,705.0 24,816.0 4.0
long term debt (financial debts) 247,755.0 163,201.0 132,975.0 8,257.0 310.0
Provisions 3,667.0 3,381.0 21,790.0 23,991.0 4,273.0
Other non current liabilities 7,354.0 7,920.0 75,960.0 95,672.0 46,989.0
Non current liabilities 258,776.0 174,502.0 230,725.0 127,920.0 51,572.0
short term debt (financial debts) 305.0 298.0 839.0 1,608.0 582.0
Trade accounts payable 35,771.0 44,043.0 31,404.0 66,990.0 77,565.0
Provisions 16,777.0 46,574.0 73,272.0 93,818.0 17,591.0
Accruals 33,673.0 19,196.0 0.0 264,526.0
other accounts payable 58,165.0 90,783.0 136,500.0 59,955.0 276,562.0
other current liabilities 108,615.0 156,553.0 209,772.0 418,299.0 294,153.0
Current liabilities 144,691.0 200,894.0 242,015.0 486,897.0 372,300.0
Shareh. equity, min. int. & liabilities 755,899.0 784,017.0 1,100,797.0 1,377,352.0 1,066,799.0
Profit and loss account
Net sales 315,846.0 202,655.0 645,242.0 1,315,039.0 826,005.0
Other operating revenue 9,137.0 16,803.0 39,637.0 42,332.0 146,258.0
Operating revenue 324,983.0 219,458.0 684,879.0 1,357,371.0 972,263.0
Cost of goods sold 191,493.0 116,915.0 399,547.0 749,345.0 563,511.0
Gross profit 133,490.0 102,543.0 285,332.0 608,026.0 408,752.0
Other operating expenses 295,287.0 299,801.0 420,707.0 491,340.0 280,900.0
Operating result -161,797.0 -197,258.0 -135,375.0 116,686.0 127,852.0
Interest revenues 599.0 335.0 979.0 4,087.0 3,122.0
other financial revenues 15,127.0 6.0
Financial income 15,726.0 335.0 985.0 4,087.0 3,122.0
Interest expenses 10,340.0 8,909.0 10,204.0 3,869.0 3,843.0
other financial expenses 2,227.0 5,478.0 46,896.0 33,761.0
Financial expenses 12,567.0 14,387.0 10,204.0 50,765.0 37,604.0
Financial result 3,159.0 -14,052.0 -9,219.0 -46,678.0 -34,482.0
Result before extraordinary items -158,638.0 -211,310.0 -144,594.0 70,008.0 93,370.0
Result before taxes -158,638.0 -211,310.0 -144,594.0 70,008.0 93,370.0
Taxes -23,930.0 -48,493.0 -28,691.0 34,184.0 -4,580.0
Result before minority interests -134,708.0 -162,817.0 -115,903.0 35,824.0 97,950.0
minority interests -1,972.0 -3,990.0 0.0 0.0 1.0
Result for the financial year -132,736.0 -158,827.0 -115,903.0 35,824.0 97,949.0
Cash flow
Depreciation 66,208.0 79,554.0 102,204.0 161,681.0 59,684.0
Cash flow -68,500.0 -83,263.0 -13,699.0 197,505.0 157,634.0
Cash flow from operating activities -152,810.0 -130,419.0 -168,013.0 218,758.0 347,520.0
Investments in tangible fixed assets 20,251.0 11,896.0 59,399.0 62,671.0 16,495.0
Cash flow from investing activities -18,867.0 -7,467.0 -67,997.0 -320,096.0 10,147.0
Cash flow from financing activities 167,886.0 176,050.0 111,583.0 -38,020.0 -53,557.0
Others 379.0 512.0 -1,248.0 5,995.0 -7,177.0
Change in liquidity -3,412.0 38,676.0 -125,675.0 -133,363.0 296,933.0
Liquidity at beginning of the year 173,179.0 134,503.0 260,180.0 393,543.0 96,610.0
Liquidity at end of the year 169,767.0 173,179.0 134,505.0 260,180.0 393,543.0
Notes
Material costs 195,066.0 110,218.0 158,228.0 721,290.0 563,511.0
Cost of employees 180,194.0 165,675.0 214,662.0 194,739.0 133,859.0
Research and Development 8,765.0 8,694.0
Orders received 326,000.0 287,700.0 223,400.0 876,800.0 1,329,828.0
Added value 98,104.0 42,828.0 182,476.0 430,297.0 290,756.0
Working Capital 138,192.0 131,646.0 178,966.0 224,223.0 98,400.0
Net Current Assets 225,857.0 176,825.0 148,612.0 155,041.0 252,265.0
Sales per Employee 180.3 113.8 295.2 471.2 647.3
Market capitalisation 579,800.0 898,000.0 325,400.0 710,510.0 1,328,794.6
Gross cost land and buildings 80,266.0 80,285.0 78,300.0 31,732.0 310.0
Gross cost other tangible fixed assets 121,517.0 108,613.0 133,522.0 142,311.0 57,200.0
Gross cost total 201,783.0 188,898.0 211,822.0 174,043.0 57,510.0
Insurance value land and buildings 155,800.0 145,733.0 125,592.0 131,979.0 0.0
Insurance value other tang. fixed assets 304,390.0 309,819.0 299,475.0 362,271.0 257,613.0
Insurance value total 460,190.0 455,552.0 425,067.0 494,250.0 257,613.0
Employees at
year end 1,857 1,800 1,311
Full time units at year end 1,752 1,781 2,186 2,791 1,276
Employees inland 810 941 656 781 651
Employees abroad 1,047 859 1,530 2,010 625
Class: 100%
Name: Diamond
Materials Tech, Inc.
City/Country: Colorado
Springs/Colorado, United States of America/US
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: Meyer
Burger Kabushiki Kaisha
City/Country: Tokio,
Japan/JP
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: Meyer
Burger Trading (Shanghai) Co Ltd
City/Country: Shanghai,
China/CN
Interest: 100,00%
voting right, 100,00% capital interest
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
23.09.2015 2015 0 Legal
actions
31.12.2014 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
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 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 World Compliance database.
Debt Collection
Case:
JUN 2013: CHF
200.00, paid.
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 paid punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.70 |
|
Euro |
1 |
Rs.72.33 |
|
CHF |
1 |
Rs.66.93 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TPT |
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.
S