|
Report No. : |
302949 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
METTLER-TOLEDO AG |
|
|
|
|
Registered Office : |
Im Langacher 44, 8606 Greifensee/ZH |
|
|
|
|
Country : |
Switzerland |
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|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
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Date of Incorporation : |
05.03.1997 |
|
|
|
|
Com. Reg. No.: |
020.4.002.767-3 / 395053 |
|
|
|
|
Legal Form : |
Company Limited By Shares |
|
|
|
|
Line of Business : |
The business activities includes the development, production and
worldwide distribution of balances, instruments, tools, metrology equipment and
systems, as well as computer and network components (hardware and software)
for this areas. |
|
|
|
|
No. of Employee : |
1,000 – 1, 999 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
METTLER-TOLEDO AG
Im Langacher 44
8606 Greifensee/ZH
Switzerland/CH
Telephone: 044 9442211
Fax: 044 9443060
Web site: http://ch.mt.com
E-mail: info.ch@mt.com
WIN Worldbox No.: CH0000074784
VAT-No.: CHE105929582
Established: 1945
History: 1945: Established from Dr. Erhard Mettler
Line of Business: Measurement
and control technology
Industry Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Import/Export: Export
Quality certification: ISO
9001:2000
ISO 14001
ISO 17025
Banks: CSFB Credit Suisse First
Boston
Coverage: Company
Employees: 1,000-1,999
Sales: USD 400-600 Mio
The business activities includes the development, production and
worldwide distribution of balances, instruments, tools, metrology equipment and
systems, as well as computer and network components (hardware and software) for
this areas. The company has branches in Schwerzenbach, Uznach, Urdorf,
Nänikon and has numerous manufacturing
facilities in Europe, America and Asia as well as sales and service centers in
around forty countries.
Real Estate
Real Estate: The company owns
extensive property.
Company No: 020.4.002.767-3 /
395053
Legal form: Company limited
by shares
Registration: 05.03.1997
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date of Statutes:
25.08.2005
Date of Statutes:
20.12.1999
Date of Statutes:
23.06.2000
Date of Statutes:
14.01.2008
Date of Statutes:
14.07.2006
Date of Statutes:
30.06.2006
Date of Incorporation
Statutes: 24.02.1997
Entry Deleted Name
04.07.2006 Mettler-Toledo
AG
04.07.2006 Mettler-Toledo
SA (Name translated)
04.07.2006 Mettler-Toledo
Ltd. (Name translated)
04.07.2006 Mettler-Toledo GmbH
04.07.2006 Mettler-Toledo Ltd liab Co (Name
translated)
04.07.2006 Mettler-Toledo S.à r.l. (Name
translated)
Entry Deleted Legal domicile
active Greifensee,
Switzerland
Entry Deleted Address
28.07.2010 Im
Langacher 44, 8606 Greifensee/ZH, Switzerland/CH
28.07.2010 Im Langacher , 8606 Greifensee,
Switzerland/CH
Entry Deleted Capital
16.06.2014 Share
Capital CHF 3,041,100
14.07.2006 Participation
Capital CHF 21,400, paidup CHF 21,400
14.01.2008 16.06.2014 Share Capital CHF 3,130,400, paidup CHF
3,130,400
Entry Deleted Capital Structure
14.01.2008 31,304
Registered shares of CHF 100.--
14.07.2006 214
Registered participation certificates of CHF 100.--
Entry Deleted Branches
28.07.2010 Im
Hackacker 15, 8902 Urdorf/ZH, Switzerland/CH (Business place)
28.07.2010 Buchbergstrasse
4, 8730 Uznach/SG, Switzerland/CH (Business place)
28.07.2010 Sonnenbergstrasse
74, 8603 Schwerzenbach/ZH, Switzerland/CH (Business place)
28.07.2010 Heuwinkelstrasse
3, 8606 Nänikon/ZH, Switzerland/CH (Business place)
Title Name
President Christian
Magloth
Citizen: Widnau, Switzerland
Residential address:
Volketswil, Switzerland
joint signature of two
Registered since:
24.01.2011
Vice-President James Thomas
Bellerjeau
Citizen: United States
of America
Residential address:
Erlenbach/ZH, Switzerland
joint signature of two
Director Kurt Jufer
Citizen: Melchnau,
Switzerland
Residential address:
Erlenbach /ZH, Switzerland
joint signature of two
Registered since:
24.07.2008
Director Thomas Keller
Citizen: Aarau,
Switzerland
Residential address:
8610 Uster/ZH, Switzerland
joint signature of two
Registered since:
14.01.2008
Title Name
Member with signing authority Peter
Baumann
Citizen: Zürich,
Hombrechtikon, Switzerland
Residential address:
8704 Herrliberg/ZH, Switzerland
joint signature of two
Registered since:
08.04.2008
Member with signing authority Britta
Bellan
Citizen: Winterthur,
Switzerland
Residential address:
8625 Gossau/ZH, Switzerland
joint signature of two
Registered since:
07.05.2009
Member with signing authority Thomas
Martin Caratsch
Citizen: Santa Maria
Val Müstair, Switzerland
Residential address:
8932 Mettmenstetten/ZH, Switzerland
joint signature of two
Registered since:
06.02.2008
Member with signing authority Johan
Peter Dierbach
Citizen: Germany
Residential address:
Maur, Switzerland
joint signature of two
Registered since:
13.06.2013
Member with signing authority Michael
Johannes Martin Heidingsfelder
Citizen: Germany
Residential address:
Zollikon, Switzerland
joint signature of two
Registered since:
13.06.2013
Member with signing authority Thomas
Anton Kehl
Citizen: Balgach,
Switzerland
Residential address:
Fehraltorf, Switzerland
joint signature of two
Registered since:
13.06.2013
Member with signing authority Simon
Richard Radcliffe Kirk
Citizen: United Kingdom
Residential address:
Unterägeri, Switzerland
joint signature of two
Registered since:
13.06.2013
Member with signing authority René
Lenggenhager
Citizen: Ebnat-Kappel,
Switzerland
Residential address:
Stäfa, Switzerland
joint signature of two
Member with signing authority Peter
Leuenberger
Citizen: Ursenbach,
Switzerland
Residential address:
9242 Oberuzwil/SG, Switzerland
joint signature of two
Member with signing authority Thomas
Walter Müller
Citizen: Winterthur,
Switzerland
Residential address:
Elsau, Switzerland
joint signature of two
Member with signing authority Waldemar
Rauch
Citizen: Germany
Residential address:
Zürich, Switzerland
joint signature of two
Member with signing authority Francisca
Ingrid Maria Ludovica Scharpé
Citizen: Belgium
Residential address:
Volketswil, Switzerland
joint signature of two
Registered since:
10.09.2014
Member with signing authority Doris
Schilling
Citizen: Germany
Residential address:
Konstanz, Germany
joint signature of two
Member with procuration Dr.
Petra Meuer
Citizen: Germany
Residential address:
8000 Zürich/ZH, Switzerland
joint power of attorney
of two
Registered since:
22.02.2010
Member with procuration Dr.
Regina Schlegel
Citizen: Zürich,
Switzerland
Residential address:
8000 Zürich/ZH, Switzerland
joint power of attorney
of two
Registered since:
24.01.2011
Title Name
Auditor PricewaterhouseCoopers AG
Residential address:
Zürich, Switzerland
Id: CHE-106.839.438
Registered since:
04.07.2006
Name: Mettler-Toledo Holding AG
City/Country: Greifensee/ZH,
Switzerland/CH
Financial Data Mettler-Toledo Ltd.
Consolidation: unconsolidated
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. USD th. USD th.
USD th. USD t h. USD
Operating revenue 567,208.0 530,847.0 555,308.0 456,491.0 396,269.0
Operating result 151,743.0 133,691.0 113,997.0 96,568.0 82,954.0
Total assets 921,253.0 794,319.0 879,923.0 685,006.0
Depreciation 6,576.0 7,194.0 7,581.0 9,222.0 9,706.0
Investments in tangible fixed assets 6,801.0 5,529.0 8,178.0 13,212.0 5,453.0
Employees at year end 1,460 1,500 1,500 1,670 1,600
Employees inland 1,460 1,500 1,500 1,670 1,600
Employees abroad 0 0 0 0 0
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. USD th.
USD th. USD th. USD th. USD
Statement norm: US-GAAP US-GAAP US-GAAP US-GAAP US-GAAP
Balance Sheet
Intangible fixed assets 570,260.0 569,915.0 569,153.0 539,071.0 546,234.0
Tangible fixed assets 514,438.0 469,421.0 410,007.0 364,472.0 316,334.0
Financial fixed assets 24,121.0 127,110.0 118,899.0 95,996.0 95,688.0
other fixed assets 130,013.0 86,034.0 86,552.0 138,629.0 114,424.0
Fixed assets 1,238,832.0 1,252,480.0 1,184,611.0 1,138,168.0 1,072,680.0
Stocks 210,414.0 198,939.0 241,421.0 217,104.0 168,042.0
Trade accounts receivable 466,703.0 437,390.0 425,147.0 368,936.0 312,998.0
Liquid assets 111,874.0 101,702.0 235,601.0 447,577.0 85,031.0
other trade accounts 124,996.0 126,889.0 116,694.0 111,278.0 80,036.0
Other current assets 236,870.0 228,591.0 352,295.0 558,855.0 165,067.0
Current assets 913,987.0 864,920.0 1,018,863.0 1,144,895.0 646,107.0
Total assets 2,152,819.0 2,117,400.0 2,203,474.0 2,283,063.0 1,718,787.0
Capital 653,698.0 639,153.0 616,650.0 597,643.0 574,482.0
Other shareholders funds 281,354.0 188,066.0 164,487.0 173,941.0 136,656.0
Total shareholders equity 935,052.0 827,219.0 781,137.0 771,584.0 711,138.0
Minority interests 0.0 0.0 0.0 0.0 0.0
long term debt (financial debts) 395,960.0 347,131.0 476,715.0 670,301.0 203,590.0
Other non current liabilities 257,619.0 380,373.0 335,778.0 298,992.0 309,384.0
Non current liabilities 653,579.0 727,504.0 812,493.0 969,293.0 512,974.0
short term debt (financial debts) 17,067.0 41,600.0 28,300.0 10,902.0 89,968.0
Trade accounts payable 145,993.0 142,362.0 168,109.0 138,105.0 103,160.0
Provisions 16,219.0 16,031.0 18,542.0 17,705.0 11,303.0
Accruals 240,324.0 227,249.0
other accounts payable 144,585.0 135,435.0 394,893.0 375,474.0 290,244.0
other current liabilities 401,128.0 378,715.0 413,435.0 393,179.0 301,547.0
Current liabilities 564,188.0 562,677.0 609,844.0 542,186.0 494,675.0
Total liabilities 2,152,819.0 2,117,400.0 2,203,474.0 2,283,063.0 1,718,787.0
Profit and loss account
Net sales 2,378,972.0 2,341,528.0 2,309,328.0 1,968,178.0 1,728,853.0
Operating revenue 2,378,972.0 2,341,528.0 2,309,328.0 1,968,178.0 1,728,853.0
Cost of goods sold 1,096,946.0 1,100,473.0 1,091,054.0 930,982.0 839,516.0
Gross profit 1,282,026.0 1,241,055.0 1,218,274.0 1,037,196.0 889,337.0
Other operating expenses 856,606.0 835,690.0 845,871.0 709,626.0 639,458.0
Operating result 425,420.0 405,365.0 372,403.0 327,570.0 249,879.0
Interest expenses 22,711.0 22,764.0 23,226.0 20,057.0 25,117.0
Financial expenses 22,711.0 22,764.0 23,226.0 20,057.0 25,117.0
Financial result -22,711.0 -22,764.0 -23,226.0 -20,057.0 -25,117.0
Result before extraordinary items 402,709.0 382,601.0 349,177.0 307,513.0 224,762.0
Result before taxes 402,709.0 382,601.0 349,177.0 307,513.0 224,762.0
Taxes 96,615.0 91,754.0 79,684.0 75,365.0 52,169.0
Result before minority interests 306,094.0 290,847.0 269,493.0 232,148.0 172,593.0
minority interests 0.0 0.0 0.0 0.0 0.0
Result for the financial year 306,094.0 290,847.0 269,493.0 232,148.0 172,593.0
Cash flow
Depreciation 34,765.0 33,421.0 31,689.0 14,842.0 11,844.0
Cash flow 340,859.0 324,268.0 301,182.0 246,990.0 184,437.0
Cash flow from operating activities 345,928.0 327,704.0 280,880.0 268,279.0 232,605.0
Investments in tangible fixed assets 82,349.0 95,588.0 98,500.0 73,943.0 60,041.0
Cash flow from investing activities -84,799.0 -97,260.0 -132,291.0 -77,015.0 -72,580.0
Cash flow from financing activities-251,116.0 -366,397.0 -360,469.0 167,923.0 -157,443.0
Others 159.0 2,054.0
-96.0 3,359.0
4,376.0
Change in liquidity 10,172.0 -133,899.0 -211,976.0 362,546.0 6,958.0
Liquidity at beginning of the year 101,702.0 235,601.0 447,577.0 85,031.0 78,073.0
Liquidity at end of the year 111,874.0 101,702.0 235,601.0 447,577.0 85,031.0
Notes
Research and Development 116,346.0 112,530.0 116,139.0 97,028.0 89,685.0
Added value 460,185.0 438,786.0 404,092.0 342,412.0 261,723.0
Working Capital 531,124.0 493,967.0 498,459.0 447,935.0 377,880.0
Sales per Employee
190.3 188.8
192.4 175.7 166.2
Gross cost land and buildings 268,491.0 261,548.0 249,230.0 240,616.0 228,281.0
Gross cost other tangible fixed assets664,659.0 587,878.0 501,522.0 442,198.0 376,770.0
Gross cost total 933,150.0 849,426.0 750,752.0 682,814.0 605,051.0
Employees at year end 12,500 12,400 12,000 11,200 10,400
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect, Group-Level 1
Name: Mettler-Toledo Holding AG
City/Country: Greifensee/ZH,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Mettler-Toledo Logistik
GmbH
City/Country: Uznach/SG,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 26.09.2007)
Class: 100%
Name: Mettler-Toledo Logistik
International GmbH
City/Country: Uznach/SG,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 01.10.2007)
Class: 100%
Name: Mettler-Toledo Sales
International GmbH
City/Country: Greifensee/ZH,
Switzerland/CH
No. of shares: 200
Interest: 100,00% voting
right, 100,00% capital interest
Class: 100%
Name: Mettler-Toledo (Schweiz)
GmbH
City/Country: Greifensee/ZH,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 24.09.2007)
Class: 100%
Name: Ohaus Europe GmbH
City/Country: Greifensee/ZH,
Switzerland/CH
Interest: 100,00% voting
right, 100,00% capital interest (since 22.12.2006)
Class: 50-100%
Name: Mettler-Toledo OnLine GmbH
City/Country: Greifensee/ZH,
Switzerland/CH
Interest: 99,00% voting
right, 99,00% capital interest (since 08.05.2006)
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount
CHF Status
16.10.2013 2013 2 1,481.-- Legal actions
16.10.2013 2013 1 1,399.-- Opposition filed
31.12.2012 2012 0
31.12.2011 2011 1 818.-- Paid legal actions
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
31.12.2006 2006 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.
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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.