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MIRA INFORM REPORT
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Report No. : |
331635 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
COPERION K-TRON (SCHWEIZ) GMBH |
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Registered Office : |
Lenzhardweg 43 / 45 5702 Niederlenz/AG |
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Country : |
Switzerland |
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Financials (as on) : |
30.09.2014 |
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Year of Incorporation : |
1900 |
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Com. Reg. No.: |
400.3.008.746-6 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The business activities includes development, manufacture and distribution of feeders, pneumatic conveyors / components, and related process equipment, systems, and services. |
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No. of Employees : |
120 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 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 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 continues 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 of 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 during 2011-13. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners, including the EU, the US, and international institutions to reform its banking secrecy laws. In response to that international pressure, the Swiss government has agreed 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, while openly considering the possibility of imposing taxes on bank deposits held by foreigners.
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Source
: CIA |
Company
NAME AND ADDRESS
Coperion K-Tron (Schweiz)
GmbH
"K-Tron Soder"
Operating
address:
Lenzhardweg 43 /
45
5702 Niederlenz/AG
Switzerland/CH
Telephone: 062
8857171
Fax: 062
8857180
Web
site: http://www.ktron.com
E-mail: ks@ktron.com
WIN
Worldbox No.: CH0000093704
VAT-No.: CHE-105.883.566 MWST
UID-No.: CHE105883566
Profile
Established: 1900
Line
of Business: Measurement and
control technology, Electro technology, Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2651 Manufacture of instruments and appliances
for measuring, testing and navigation
2790 Manufacture of other electrical equipment
2829 Manufacture of other general-purpose
machinery n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2008 (since
1997)
Banks: UBS Ltd
CS Credit
Suisse
Operational
Figures
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 120
Sales: CHF 60-80 Mio
Activity
The business activities includes
development, manufacture and distribution of feeders, pneumatic conveyors / components,
and related process equipment, systems,
and services. The company holds more than 100 patents for feeding, weighing,
mechanical and control technologies and their application to bulk solids
handling.
Real
Estate
Information on property ownership was not
available.
Company
Register
Company
No: 400.3.008.746-6
UID-No.: CHE105883566
Legal
form: Limited Liability
Company
Registration: 29.11.1989
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Aargau
History: Date of Statutes:
24.03.1994
Date of
Statutes: 17.02.2009
Date of
Incorporation Statutes: 08.02.1982
Date of
Statutes: 01.10.2013
Date of
Statutes: 25.03.2011
Entry Deleted Name
23.10.2013 Coperion
K-Tron (Schweiz) GmbH
23.10.2013 Coperion
K-Tron (Suisse) S.ŕ.r.l. (Name translated)
23.10.2013 Coperion
K-Tron (Switzerland) LLC (Name translated)
28.03.2011 K-Tron (Schweiz) AG
28.03.2011 K-Tron (Suisse) SA (Name translated)
28.03.2011 K-Tron (Switzerland) Ltd (Name translated)
28.03.2011 23.10.2013 K-Tron (Schweiz) GmbH
28.03.2011 23.10.2013 K-Tron (Switzerland) LLC (Name translated)
28.03.2011 23.10.2013 K-Tron (Suisse) S.ŕ.r.l. (Name translated)
Entry Deleted Legal domicile
active Niederlenz,
Switzerland
removed Oetwil am See, Switzerland
Entry Deleted Address
active Lenzhardweg
43/45, 5702 Niederlenz/AG, Switzerland/CH
Entry Deleted Capital
28.03.2011 LLC
Capital CHF 1,200,000
28.03.2011 LLC Capital CHF 1,200,000
Entry Deleted Capital Structure
03.05.2011 1,200
Participation shares of CHF 1,000.--
28.04.2011 03.05.2011 1,200 Participation shares of CHF 1,000.--
21.04.2011 28.04.2011 1,200 Participation shares of CHF 1,000.--
28.03.2011 21.04.2011 1,200 Participation shares of CHF 1,000.--
Entry Deleted Branches
10.04.2000 12.11.2001 , Neuchâtel/NE, Switzerland/CH
Management
Title Name
General
Manager Kristina
Ann Cerniglia
Citizen:
United States of America
Residential
address: Batesville, United States of America
joint
signature of two
Registered
since: 05.05.2015
General
Manager Rainer
Rohr
Citizen:
Hunzenschwil, Switzerland
Residential
address: Aarau, Switzerland
joint
signature of two
General
Manager Gerhard
Wirz
Citizen:
Schmiedrued
Residential
address: 5707 Seengen/AG, Switzerland
joint
signature of two
Chairman
of the management Joe A. Raver
Citizen:
United States of America
Residential
address: Batesville /Indiana, United States of America
joint
signature of two
Registered
since: 28.03.2011
Director Susanne
Näpflin
Citizen:
Sumiswald, Switzerland
Residential
address: Schafisheim, Switzerland
joint
signature of two
Member
with signing authority Philippe Gross
Citizen:
Starrkirch-Wil, Switzerland
Residential
address: Schönenwerd, Switzerland
joint
signature of two
Member
with signing authority Stefan Kalt
Citizen:
Koblenz, Switzerland
Residential
address: Obersiggenthal, Switzerland
joint
signature of two
Registered
since: 23.05.2013
Member
with signing authority Richard James
Poole
Citizen:
United Kingdom
Residential
address: Lenzburg/AG, Switzerland
joint
signature of two
Member
with procuration Martin Bill
Citizen:
Kernenried, Switzerland
Residential
address: Brugg/AG, Switzerland
joint
power of attorney of two
Member
with procuration Giuseppe
Bruneo
Citizen:
Kölliken, Switzerland
Residential
address: Kölliken, Switzerland
joint
power of attorney of two
Registered
since: 23.05.2013
Member
with procuration Gregor Bürgi
Citizen:
Olsberg, Switzerland
Residential
address: Egliswil, Switzerland
joint
power of attorney of two
Member
with procuration Marco Prati
Citizen:
St. Gallen, Switzerland
Residential
address: Fahrwangen, Switzerland
joint
power of attorney of two
Member
with procuration Andreas
Rykart
Citizen:
Rothrist, Switzerland
Residential
address: Aarau/AG, Switzerland
joint
power of attorney of two
External
Positions
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id:
CHE-106.839.438
Executive
board
Title Name
Chief
Executive Officer Gerhard Wirz
Ultimate
Parent Company
Name: HILLENBRAND,
INCORPORATED
City/Country: BATESVILLE, United States of
America/US
Financial
Data HILLENBRAND, INCORPORATED
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 30.09.2014 30.09.2013 30.09.2012 30.09.2011 30.09.2010
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
Balance Sheet
Intangible fixed
assets 1,081,200.0 1,144,400.0 617,600.0 632,800.0 423,000.0
Tangible fixed assets 159,500.0 171,900.0 117,900.0 120,600.0 109,600.0
Financial fixed
assets 0.0 17,400.0 153,000.0
other fixed assets 40,000.0 47,500.0 46,700.0 29,800.0 43,700.0
Fixed assets 1,280,700.0 1,363,800.0 782,200.0 800,600.0 729,300.0
Stocks 168,500.0 177,500.0 90,000.0 83,700.0 64,900.0
Trade accounts
receivable 191,000.0 213,400.0
Cash & Cash
Equivalents 58,000.0 42,700.0 20,200.0 115,500.0 98,400.0
other trade
accounts 201,300.0 185,400.0
Accruals 19,000.0 20,400.0
Other current
assets 278,300.0 248,500.0
Current assets 637,800.0 639,400.0 305,300.0 380,100.0 322,800.0
Total assets 1,918,500.0 2,003,200.0 1,087,500.0 1,180,700.0 1,052,100.0
Capital 342,100.0 321,700.0
Other shareholders
funds 241,200.0 246,600.0
Total shareholders equity 583,300.0 568,300.0 506,300.0 443,100.0 371,900.0
Minority interests 10,500.0 8,000.0 0.0 0.0 0.0
long term debt
(financial debts) 543,500.0 654,300.0 271,600.0 431,500.0 403,400.0
Provisions 111,800.0 108,500.0 88,700.0
Other non current
liabilities 290,100.0 307,100.0 46,000.0 61,400.0 70,100.0
Non current liabilities 833,600.0 961,400.0 429,400.0 601,400.0 562,200.0
short term debt
(financial debts) 15,000.0 10,000.0
Trade accounts
payable 192,600.0 183,200.0
Accruals 69,600.0 59,600.0
other accounts
payable 213,900.0 212,700.0
other current
liabilities 283,500.0 272,300.0
Current liabilities 491,100.0 465,500.0 151,800.0 136,200.0 118,000.0
Shareh. equity, min. int. & liabilities 1,918,500.0 2,003,200.0 1,087,500.0 1,180,700.0 1,052,100.0
Profit and loss
account
Net sales 1,667,200.0 1,553,400.0 983,200.0 883,400.0 749,200.0
Operating revenue 1,667,200.0 1,553,400.0
Cost of goods sold 1,078,000.0 1,034,700.0
Gross profit 589,200.0 518,700.0
Other operating
expenses 414,700.0 400,600.0
Operating result 174,500.0 118,100.0 147,300.0 158,600.0 137,900.0
other financial
revenues 8,700.0
Financial income 8,700.0
Interest expenses 23,300.0 24,000.0
other financial
expenses 400.0
Financial expenses 23,300.0 24,400.0
Financial result -14,600.0 -24,400.0
Result before extraordinary items 159,900.0 93,700.0
Result before taxes 159,900.0 93,700.0
Taxes 48,700.0 28,300.0
Result before
minority interests 111,200.0 65,400.0
minority interests 1,500.0 2,000.0
Result for the financial year 109,700.0 63,400.0 104,800.0 106,100.0 92,300.0
Cash flow
Depreciation 58,400.0 89,400.0
Cash flow 169,600.0 154,800.0
Cash flow from
operating activities 179,600.0 127,200.0
Investments in
tangible fixed assets 23,600.0 29,900.0
Cash flow from
investing activities -8,300.0 -441,000.0
Cash flow from
financing activities -155,500.0 336,500.0
Others -500.0 -200.0
Change in
liquidity 15,300.0 22,500.0
Liquidity at
beginning of the year 42,700.0 20,200.0
Liquidity at end
of the year 58,000.0 42,700.0
Notes
Material costs 1,078,000.0 1,034,700.0
Research and
Development 14,400.0 12,200.0
Added value 241,600.0 207,100.0
Working Capital 166,900.0 207,700.0
Net Current Assets 146,700.0 173,900.0 153,500.0 243,900.0 204,800.0
Sales per Employee 282.6
Gross cost land
and buildings 15,500.0 17,000.0
Gross cost other
tangible fixed assets 422,300.0 418,600.0
Gross cost total 437,800.0 435,600.0
Employees at year end 5,900
Employees inland 3,300
Employees abroad 2,600
Owner/-s
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect, Group-Level
1
Name: HILLENBRAND,
INCORPORATED
City/Country: BATESVILLE, United States of
America/US
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct
Name: Hillenbrand
Switzerland GmbH
City/Country: Sachseln/OW, Switzerland/CH
Capital
share: CHF 1,200,000.--
Interest: 100,00% voting right,
100,00% capital interest
Investments
Class: 100%
Name: Coperion K-Tron Great
Britain Limited
City/Country: Oldham, United Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: K-Tron Asia Pte. Ltd.
City/Country: Singapore, Singapore/SG
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: K-TRON CHINA LIMITED
City/Country: Hong Kong/HK
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: K-Tron Deutschland
GmbH
City/Country: Gelnhausen, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: K-Tron France Sarl
City/Country: Boissy Saint Léger, France/FR
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: K-Tron (Shanghai) Co.
Ltd.
City/Country: Shanghai, China/CN
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Name: Rotex Europe Ltd
City/Country: Runcorn, United Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest
Class: 0-9%
Name: Terrasource Global CIS
Limited Liability Company
City/Country: Moscow, Russia/RU
Interest: 0,10% voting right,
0,10% capital interest
Class: unknown
Name: ROTEX GLOBAL (HONG
KONG) LIMITED
City/Country: Hong Kong/HK
Financials
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Legal
Actions
Control date Year No. Amount CHF Status
20.05.2014 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
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 Open 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.
Sanctions
List
The company is not listed in the
WorldCompliance database.
Payment
experiences
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.
Credit
Information
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.63.49 |
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UK Pound |
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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.