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Report No. : |
306694 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
BRÄCKER AG |
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Registered Office : |
Obermattstrasse 65, 8330 Pfäffikon/ZH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 (Consolidated) |
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Year of Establishment : |
1835 |
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Com. Reg. No.: |
020.3.904.197-0 / 24461 |
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Legal Form : |
Company Limited by
Shares |
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Line of Business : |
·
Engaged
in production and distribution of ring/traveler systems for ring spinning
machines in the textile industry. ·
Subject
products ranges are runners, spinning rings, runners insertion tools, cleaning
equipment, spinning tubes, cots and aprons as well as maintenance machines |
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No. of Employees : |
90 (2014) |
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 : |
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) |
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Switzerland |
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 |
Bräcker AG
Obermattstrasse 65
8330 Pfäffikon/ZH
Switzerland/CH
Telephone: 044 9531414
Fax: 044 9531490
Web site: http://www.bracker.ch
E-mail: sales@bracker.ch
VAT-No.: CHE102703797
Established: 1835
History: 1975: Limited Company
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2894 Manufacture of machinery for textile,
apparel and leather production
Import/Export: Export
Quality certification: ISO 9001
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2014
Employees: 90
Sales: CHF
14,000,000.--
The Company's
business is the production and distribution of ring/traveler systems for ring
spinning machines in the textile industry. The company's products are runners,
spinning rings, runners insertion tools, cleaning equipment, spinning tubes,
cots and aprons as well as maintenance machines
Real Estate: It is
understood that the company owns certain property.
Company No: 020.3.904.197-0
/ 24461
Legal form: Company
limited by shares
Registration: 10.09.1975
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Statutes: 25.08.1981
Date
of Statutes: 31.03.2009
Date
of Statutes: 30.10.2008
Date
of Statutes: 20.06.1997
Entry Deleted Name
active Bräcker
AG
Entry Deleted Legal domicile
active Pfäffikon,
Switzerland
Entry Deleted Address
active Obermattstrasse 65,
8330 Pfäffikon/ZH, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
active 10,000
Registered shares of CHF 100.--
Title Name
President Werner
Strasser
Citizen: Hüttwilen,
Winterthur, Switzerland
Residential
address: 8266 Steckborn/TG, Switzerland
joint signature of
two
Registered since:
11.09.2003
Director Thomas
Anwander
Citizen:
Winterthur, Switzerland
Residential
address: 8400 Winterthur/ZH, Switzerland
joint signature of
two
Registered since:
05.11.2002
Director Nanette
Haubensak
Citizen: Germany
Residential
address: 8000 Zürich/ZH, Switzerland
joint signature of
two
Registered since:
01.09.2010
Title Name
General Manager Daniel Link
Citizen: Basel,
Switzerland
Residential
address: 6340 Baar/ZG, Switzerland
joint signature of
two
Registered since:
01.04.2010
Member with signing authority Markus Dippel
Citizen: Germany
Residential
address: Pfäffikon, Switzerland
joint signature of
two
Registered since:
19.09.2014
Member with procuration Werner Barth
Citizen: Germany
Residential
address: 8492 Wila/ZH, Switzerland
joint power of
attorney of two
Registered since:
25.05.2000
Member with procuration Daniel Gambon
Citizen: Rodels,
Switzerland
Residential
address: 8460 Marthalen/ZH, Switzerland
joint power of
attorney of two
Registered since:
02.11.2009
Member with procuration Beat Werner Gutzler
Citizen: Zürich,
Switzerland
Residential
address: 5600 Lenzburg/AG, Switzerland
joint power of
attorney of two
Registered since:
26.01.2011
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id: CHE-106.839.438
Registered since:
13.05.2004
Title Name
Chief Executive
Officer Daniel
Link
Chief Financial
Officer Daniel
Gambon
Chief Marketing
Officer, Chief Sales Officer Beat Werner
Gutzler
Chief Production
Officer Werner
Barth
Name: Rieter
Holding AG
City/Country: Winterthur/ZH, Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year
end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of
months: 12 12 12 12 12
Currency: th.
CHF th. CHF th.
CHF th. CHF th. CHF
Statement norm: IAS IAS IAS IAS IAS
Intangible
fixed assets 25,600.0 20,100.0 9,500.0 15,200.0 23,000.0
Land and buildings 133,400.0 133,200.0 118,600.0 232,400.0 264,100.0
Other tangible fixed assets 128,700.0 125,100.0 109,000.0 373,700.0 431,900.0
Tangible fixed
assets 262,100.0 258,300.0 227,600.0 606,100.0 696,000.0
Financial fixed
assets 2,900.0 2,700.0 78,400.0 175,600.0 164,000.0
other fixed assets 80,500.0 75,200.0 6,500.0 5,300.0 3,500.0
Fixed assets 371,100.0 356,300.0 322,000.0 802,200.0 886,500.0
Stocks 233,000.0 229,300.0 234,800.0 328,400.0 266,000.0
Trade accounts
receivable 94,100.0 91,100.0 84,100.0 381,500.0 331,500.0
Liquid assets 360,800.0 342,600.0 408,300.0 351,900.0 217,700.0
Securities 8,900.0 9,300.0 7,300.0 7,100.0 13,000.0
other trade
accounts 40,900.0 36,900.0 49,200.0 86,200.0 92,400.0
Accruals 5,200.0 4,600.0 5,700.0 11,800.0 7,000.0
Other current
assets 415,800.0 393,400.0 470,500.0 457,000.0 330,100.0
Current assets 742,900.0 713,800.0 789,400.0 1,166,900.0 927,600.0
Total assets 1,114,000.0 1,070,100.0 1,111,400.0 1,969,100.0 1,814,100.0
Capital 23,400.0 23,400.0 23,400.0 23,400.0 23,400.0
Other
shareholders funds 365,800.0 348,400.0 355,900.0 533,500.0 563,800.0
Total
shareholders equity 389,200.0 371,800.0 379,300.0 556,900.0 587,200.0
Minority
interests 500.0 5,000.0 8,400.0 70,700.0 68,600.0
long term debt
(financial debts) 183,600.0 249,600.0 253,500.0 296,300.0 140,700.0
Provisions 104,500.0 104,700.0 104,300.0 180,700.0 182,200.0
Other non
current liabilities 32,900.0 32,400.0 42,300.0 80,100.0 76,400.0
Non current
liabilities 321,000.0 386,700.0 400,100.0 557,100.0 399,300.0
short term debt
(financial debts) 44,800.0 6,700.0 3,100.0 66,200.0 81,700.0
Trade accounts
payable 96,000.0 97,300.0 176,200.0 426,700.0 226,800.0
Provisions 30,400.0 37,800.0 38,600.0 89,000.0 174,300.0
Accruals 61,500.0 53,900.0 64,100.0 104,300.0 115,700.0
other accounts
payable 170,600.0 110,900.0 41,600.0 98,200.0 160,500.0
other current
liabilities 262,500.0 202,600.0 144,300.0 291,500.0 450,500.0
Current
liabilities 403,300.0 306,600.0 323,600.0 784,400.0 759,000.0
Total
liabilities 1,114,000.0 1,070,100.0 1,111,400.0 1,969,100.0 1,814,100.0
Sales 2,585,800.0 1,956,300.0
Reduction of
proceeds 96,400.0 73,600.0
Net sales 1,035,300.0 888,500.0 1,060,800.0 2,489,400.0 1,882,700.0
Other operating
revenue 53,400.0 36,900.0 70,600.0 66,100.0 -36,200.0
Operating
revenue 1,088,700.0 925,400.0 1,131,400.0 2,555,500.0 1,846,500.0
Cost of goods sold 525,400.0 412,100.0 497,800.0 1,213,200.0 885,100.0
Gross profit 563,300.0 513,300.0 633,600.0 1,342,300.0 961,400.0
Other operating expenses 503,100.0 479,700.0 521,000.0 1,244,300.0 1,148,000.0
Operating
result 60,200.0 33,600.0 112,600.0 98,000.0 -186,600.0
Interest
revenues 1,800.0 1,800.0 6,900.0 2,800.0 4,000.0
other financial
revenues 8,500.0 18,400.0 52,300.0 800.0 700.0
Financial
income 10,300.0 20,200.0 59,200.0 3,600.0 4,700.0
Interest expenses 15,800.0 15,400.0 17,100.0 29,400.0 27,600.0
other financial
expenses 2,200.0 3,300.0 16,700.0 5,400.0 2,000.0
Financial
expenses 18,000.0 18,700.0 33,800.0 34,800.0 29,600.0
Financial
result -7,700.0 1,500.0 25,400.0 -31,200.0 -24,900.0
Result before extraordinary
items 52,500.0 35,100.0 138,000.0 66,800.0 -211,500.0
Extraordinary
income 151,000.0
Extraordinary
Result 0.0 0.0 151,000.0 0.0 0.0
Result before
taxes 52,500.0 35,100.0 289,000.0 66,800.0 -211,500.0
Taxes 15,100.0 8,600.0 19,000.0 25,200.0 6,000.0
Result before
minority interests 37,400.0 26,500.0 270,000.0 41,600.0 -217,500.0
minority
interests -2,000.0 -3,000.0 2,800.0 15,100.0 6,400.0
Result for the
financial year 39,400.0 29,500.0 267,200.0 26,500.0 -223,900.0
Depreciation 35,000.0 33,200.0 33,900.0 124,800.0 140,900.0
Cash flow 72,400.0 59,700.0 303,900.0 166,400.0 -76,600.0
Cash flow from
operating activities 107,700.0 9,300.0 10,100.0 106,100.0 -1,600.0
Investments in
tangible fixed assets 55,000.0 81,600.0 57,300.0 98,200.0 61,700.0
Cash flow from
investing activities -46,600.0 -41,600.0 -21,500.0 -92,500.0 -33,200.0
Cash flow from
financing activities -40,000.0 -31,800.0 71,200.0 129,300.0 -27,800.0
Others -2,900.0 -1,600.0 -3,400.0 -8,700.0 -2,300.0
Change in liquidity 18,200.0 -65,700.0 56,400.0 134,200.0 -64,900.0
Liquidity at
beginning of the year 342,600.0 408,300.0 351,900.0 217,700.0 282,600.0
Liquidity at
end of the year 360,800.0 342,600.0 408,300.0 351,900.0 217,700.0
Material costs 525,400.0 412,100.0 497,800.0 1,213,200.0 885,100.0
Cost of
employees 296,700.0 278,900.0 302,300.0 764,700.0 693,000.0
Research and
Development 45,000.0 42,700.0 39,500.0 93,900.0 98,700.0
Orders received 1,259,400.0 839,700.0 958,300.0 3,170,000.0 1,935,100.0
Added value 400,000.0 362,600.0 642,300.0 985,700.0 650,000.0
Working Capital 231,100.0 223,100.0 142,700.0 283,200.0 370,700.0
Sales per
Employee 286.9 250.8 213.1 194.4 147.5
Market
capitalisation 963,700.0 736,700.0 653,200.0 1,565,800.0 1,084,500.0
Gross cost land
and buildings 271,100.0 270,000.0 257,000.0 495,600.0 543,700.0
Gross cost
other tangible fixed assets 477,000.0 472,700.0 473,000.0 1,541,300.0 1,774,200.0
Gross cost
total 748,100.0 742,700.0 730,000.0 2,036,900.0 2,317,900.0
Insurance value
land and buildings 566,400.0 540,900.0 539,800.0 1,024,200.0 1,353,400.0
Employees at year end 3,609 3,542 4,695 12,804 12,761
Employees
inland 1,536 1,660
Employees
abroad 11,268 11,101
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Rieter Holding AG
City/Country: Winterthur/ZH, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%
Name: Bräcker SAS
City/Country: Wintzenheim, France/FR
Interest: 100,00%
voting right, 100,00% capital interest
Control date Year No. Amount CHF Status
01.10.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 0
31.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
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.
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 difficult to assess.
Payment experiences: No Complaints
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
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 |
|
|
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 |
|
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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.