MIRA INFORM REPORT

 

 

Report No. :

311453

Report Date :

14.03.2015

 

IDENTIFICATION DETAILS

 

Name :

MASCHINENFABRIK RIETER AG

 

 

Registered Office :

Klosterstrasse 20, 8406 Winterthur/ZH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2013

 

 

Year of Establishment :

1795

 

 

Com. Reg. No.:

020.3.916.776-1

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Manufacture of Machinery for Textile, Apparel and Leather Production.

 

 

No. of Employees :

1,300

 

 

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 :

Exist

 

 

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)

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

 

 

Company Name

 

Maschinenfabrik Rieter AG

 

 

Operating address

 

Klosterstrasse 20

8406 Winterthur/ZH

Switzerland/CH

 

Telephone:                   052 2087171

Fax:                             052 2087100

 

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

E-mail:                         info@rieter.com

 

WIN Worldbox No.:       CH0000045427

VAT-No.:                      CHE-105.788.761 MWST

UID-No.:                       CHE105788761

 

 

Profile

 

Established:                 1795

History:                        1795:      Established as J.J. Rieter Baumwoll- und Kolonialwarenhandel

Line of Business:          Machinery

Industry Division:          Manufacturing

Industry-code (NACE):  2894       Manufacture of machinery for textile, apparel and leather production

Import/Export:              Export

Banks:                          UBS Ltd

                                    CS Credit Suisse

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        approximately

Financial year:              2014

Employees:                  1,300

Sales:                          CHF 280,000,000.--

 

 


Activity

 

Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. The company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. The company has 18 manufacturing locations in 10 countries.

 

 

Real Estate

 

Real Estate:                  The company owns extensive property.

 

 

Company Register

 

Company No:               020.3.916.776-1

UID-No.:                       CHE105788761

Legal form:                   Company limited by shares

Registration:                 01.07.1952

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Zürich (since 07.05.1985)

History:                        Date of Statutes: 29.04.1985

                                    Date of Statutes: 31.03.2009

                                    Date of Statutes: 30.10.2008

                                    Date of Statutes: 10.03.2004

                                    Date of Statutes: 21.08.1995

 

Entry          Deleted      Name

active                           Maschinenfabrik Rieter AG

active                           Rieter Machine Works Ltd (Name translated)

active                           Ateliers de Construction Rieter SA (Name translated)

active                           Fabbrica di Macchine Rieter SA (Name translated)

active                           Fàbrica de Máquinas Rieter SA (Name translated)

 

Entry          Deleted      Legal domicile

active                           Winterthur, Switzerland

 

Entry          Deleted      Address

active                           Klosterstrasse 20, 8406 Winterthur/ZH, Switzerland/CH

 

Entry          Deleted      Capital

09.07.2004                    Share Capital CHF 8,500,000, paidup CHF 8,500,000

 

Entry          Deleted      Capital Structure

09.07.2004                    85,000 Registered shares of CHF 100.--

 

 

Official Administration

 

Title                                           Name

President                                    Joris Gröflin-Liebherr

                                                  Citizen: Basel, Switzerland

                                                  Residential address: 8000 Zürich/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 28.06.2011

Director                                      Thomas Anwander

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: 8400 Winterthur/ZH, Switzerland

                                                  Born: 19.02.1960

                                                  joint signature of two

Director                                      Peter Müller

                                                  Citizen: Rohrbach, Switzerland

                                                  Residential address: 8400 Winterthur/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 13.07.2000

 

 

Management

 

Title                                           Name

Member with signing authority      Markus Bischof

                                                  Citizen: Eggersriet, Switzerland

                                                  Residential address: Kaltbrunn, Switzerland

                                                  joint signature of two

                                                  Registered since: 02.02.2012

Member with signing authority      Troy Michael Cooley

                                                  Citizen: Germany

                                                  Residential address: Aristau, Switzerland

                                                  joint signature of two

                                                  Registered since: 26.06.2012

Member with signing authority      Martin Deflorin

                                                  Citizen: Disentis/Mustér, Switzerland

                                                  Residential address: Stäfa/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 02.02.2012

Member with signing authority      Alper Düzel

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: Winterthur, Switzerland

                                                  joint signature of two

                                                  Registered since: 24.08.2012

Member with signing authority      Markus Farner

                                                  Citizen: Oberstammheim, Switzerland

                                                  Residential address: Oberstammheim, Switzerland

                                                  joint signature of two

                                                  Registered since: 22.09.2014

Member with signing authority      Daniel Gambon

                                                  Citizen: Domleschg, Switzerland

                                                  Residential address: Marthalen, Switzerland

                                                  joint signature of two

                                                  Registered since: 04.03.2015

Member with signing authority      David H. Gehring

                                                  Citizen: Buchberg, Switzerland

                                                  Residential address: Winterthur, Switzerland

                                                  joint signature of two

                                                  Registered since: 29.07.2013

Member with signing authority      Beat Geissmann

                                                  Citizen: Hägglingen, Switzerland

                                                  Residential address: Wintethur, Switzerland

                                                  joint signature of two

                                                  Registered since: 01.12.2014

Member with signing authority      Perihan Gürcan

                                                  Citizen: Germany

                                                  Residential address: Deitingen, Switzerland

                                                  joint signature of two

                                                  Registered since: 27.08.2014

Member with signing authority      Felix Hasler

                                                  Citizen: St. Margrethen, Switzerland

                                                  Residential address: Zell /ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 27.08.2014

Member with signing authority      Niklaus Heimberg

                                                  Citizen: Oberwil im Simmental, Switzerland

                                                  Residential address: Bannwil, Switzerland

                                                  joint signature of two

                                                  Registered since: 15.11.2011

Member with signing authority      Franz Hug

                                                  Citizen: Germany

                                                  Residential address: Gottmadingen , Germany

                                                  joint signature of two

                                                  Registered since: 16.11.2012

Member with signing authority      Muthu Kasi Lakshmanan

                                                  Citizen: India

                                                  Residential address: Zürich, Switzerland

                                                  joint signature of two

                                                  Registered since: 28.10.2014

Member with signing authority      Beat Manser

                                                  Citizen: Appenzell, Switzerland

                                                  Residential address: Herrliberg, Switzerland

                                                  joint signature of two

                                                  Registered since: 27.08.2014

Member with signing authority      René Meier

                                                  Citizen: Baldingen, Switzerland

                                                  Residential address: Wiesendangen, Switzerland

                                                  joint signature of two

                                                  Registered since: 02.02.2012

Member with signing authority      Walter Merri

                                                  Citizen: Arbon, Switzerland

                                                  Residential address: Gossau/SG, Switzerland

                                                  joint signature of two

                                                  Registered since: 05.11.2013

Member with signing authority      Barbara Neurauter

                                                  Citizen: Roggwil TG, Switzerland

                                                  Residential address: St. Gallen, Switzerland

                                                  joint signature of two

                                                  Registered since: 14.07.2014

Member with signing authority      Andreas Parpan

                                                  Citizen: Vaz/Obervaz, Switzerland

                                                  Residential address: Jenins, Switzerland

                                                  joint signature of two

                                                  Registered since: 20.03.2012

Member with signing authority      Fabio Patera

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Rümlang/ZH, Switzerland

                                                  joint signature of two

                                                  Registered since: 05.06.2012

Member with signing authority      Robert Rupprecht

                                                  Citizen: Austria

                                                  Residential address: Meisterschwanden, Switzerland

                                                  joint signature of two

                                                  Registered since: 09.12.2014

Member with signing authority      Patrick Senn

                                                  Citizen: Wald BE, Switzerland

                                                  Residential address: Schalunen, Switzerland

                                                  joint signature of two

                                                  Registered since: 24.08.2012

Member with signing authority      Thomas Speck

                                                  Citizen: Appenzell, Switzerland

                                                  Residential address: Lachen, Switzerland

                                                  joint signature of two

                                                  Registered since: 23.07.2012

Member with signing authority      Alexander Stampfer

                                                  Citizen: Germany

                                                  Residential address: Ingoldstadt, Germany

                                                  joint signature of two

                                                  Registered since: 11.10.2012

Member with signing authority      Thomas Stäubli

                                                  Citizen: Magden, Switzerland

                                                  Residential address: Magden, Switzerland

                                                  joint signature of two

                                                  Registered since: 19.08.2011

Member with signing authority      Werner Strasser

                                                  Citizen: Nussbaumen, Winterthur, Switzerland

                                                  Residential address: Steckborn, Switzerland

                                                  joint signature of two

Member with signing authority      Reto Thom

                                                  Citizen: Susch, Switzerland

                                                  Residential address: Seuzach, Switzerland

                                                  Born: 04.01.1959

                                                  joint signature of two

                                                  Registered since: 22.11.1999

Member with signing authority      Markus Thommen

                                                  Citizen: Basel, Switzerland

                                                  Residential address: Kloten, Switzerland

                                                  joint signature of two

                                                  Registered since: 27.08.2014

Member with signing authority      Simon Urrutia

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: Eschlikon, Switzerland

                                                  joint signature of two

                                                  Registered since: 08.01.2015

Member with signing authority      Oguz Yurdusev

                                                  Citizen: Horn, Switzerland

                                                  Residential address: Winterthur, Switzerland

                                                  joint signature of two

                                                  Registered since: 08.01.2015

Member with procuration             Nicole Balhuber

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: 8000 Zürich/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 14.02.2011

Member with procuration             Antonina Di Mario

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: 8400 Winterthur/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 11.09.2009

Member with procuration             Franco Forgione

                                                  Citizen: Italy

                                                  Residential address: Basel, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 24.04.2014

Member with procuration             Andreas Haase

                                                  Citizen: Thalwil, Switzerland

                                                  Residential address: Thalwil, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 17.12.2013

Member with procuration             Rudolf Härdi

                                                  Citizen: Schlossrued, Switzerland

                                                  Residential address: 5616 Meisterschwanden/AG, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.12.2009

Member with procuration             Nanette Susanne Haubensak

                                                  Citizen: Germany

                                                  Residential address: 8001 Zürich/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 14.07.2010

Member with procuration             Marc Heim

                                                  Citizen: Thun, Switzerland

                                                  Residential address: Nürensdorf, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 30.11.2010

Member with procuration             Andreas Hellwig

                                                  Citizen: Germany

                                                  Residential address: Neftenbach, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 15.11.2011

Member with procuration             Björn Gunnar Johansson

                                                  Citizen: Sweden

                                                  Residential address: 8400 Winterthur/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 30.11.2010

Member with procuration             Carsten Liske

                                                  Citizen: Germany

                                                  Residential address: Freienbach , Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 22.10.2009

Member with procuration             Kurt Lüttinger

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: 8400 Winterthur/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 24.03.2010

Member with procuration             Peter Oswald

                                                  Citizen: Aadorf, Switzerland

                                                  Residential address: Eschlikon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 24.04.2014

Member with procuration             Bruno Schenk

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: Rickenbach /ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.02.2014

Member with procuration             Felix Scherrer

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Zumikon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.08.2011

Member with procuration             Heinz Schmid

                                                  Citizen: Waltalingen, Switzerland

                                                  Residential address: Wil/SG, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.01.2009

Member with procuration             Marc Schnell

                                                  Citizen: Germany

                                                  Residential address: Winterthur, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 19.02.2014

Member with procuration             Peter Schulz

                                                  Citizen: Germany

                                                  Residential address: Maxhütte-Haidhof, Germany

                                                  joint power of attorney of two

                                                  Registered since: 02.12.2009

Member with procuration             Reto Starkenmann

                                                  Citizen: Winterthur, Switzerland

                                                  Residential address: 8478 Thalheim an der Thur/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 14.02.2011

Member with procuration             Gerlad Steiner

                                                  Citizen: Sursee, Switzerland

                                                  Residential address: 8302 Kloten/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 24.03.2010

Member with procuration             Matthias Stüssi

                                                  Citizen: Niederurnen, Switzerland

                                                  Residential address: 8451 Kleinandelfingen/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 02.02.2010

Member with procuration             Arne Thielemann

                                                  Citizen: Germany

                                                  Residential address: Lengwil, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 21.11.2007

Member with procuration             Urs Tschanz

                                                  Citizen: Wichtrach, Switzerland

                                                  Residential address: 8239 Dörflingen/SH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 28.06.2011

Member with procuration             Christoph Wäger

                                                  Citizen: Adliswil, Switzerland

                                                  Residential address: 9100 Herisau/AR, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 28.06.2011

Member with procuration             Edda Walraf

                                                  Citizen: Oberhelfenschwil, Switzerland

                                                  Residential address: Pfäffikon/ZH, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 30.05.2001

Member with procuration             Christoph Werder

                                                  Citizen: Homburg, Switzerland

                                                  Residential address: Embrach, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 09.04.2002

Member with procuration             Andreas Zanini

                                                  Citizen: Sarmenstorf, Switzerland

                                                  Residential address: Embrach, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 01.04.2008

Member with procuration             Rolf Zimmermann

                                                  Citizen: Elsau, Switzerland

                                                  Residential address: Schwerzenbach, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.01.2009

 

 

External Positions

 

Title                                           Name

Auditor                                       PricewaterhouseCoopers AG

                                                  Residential address: Zürich, Switzerland

                                                  Id: CHE-106.839.438

                                                  Registered since: 07.09.1999

 

 

Executive board

 

Title                                           Name

Chief Financial Officer                 Peter Müller

Chief Marketing Officer                Edda Walraf

 

 

Ultimate Parent Company

 

Name:                          Rieter Holding AG

City/Country:                Winterthur/ZH, Switzerland/CH

 

 

Financial Data Rieter Group

 

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

 

Balance Sheet

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

 

Shareh. equity, min. interests & liabilities 1,114,000.0    1,070,100.0       1,111,400.0       1,969,100.0       1,814,100.0

 

Profit and loss account

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

 

Cash flow

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

 

Notes

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

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is domestic owned.

 

Class:                          100%

Type:                           direct, Group-Level 1

Name:                          Rieter Holding AG

City/Country:                Winterthur/ZH, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Sisters

 

Name:                          Novibra Boskovice s.r.o.

City/Country:                Boscovice, Czech/CZ

 

 

Investments

 

It is believed that the company has no investments.

 

 

Financials

 

Balance sheet publication:

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

23.07.2014          2014                           0                                      Legal actions

31.12.2013          2013                           1                        87.--       Opposition filed

31.12.2012          2012                           0                                      Legal actions

31.12.2011          2011                           0                                      Legal actions

31.12.2010          2010                           1                    4,740.--       Paid legal actions

31.12.2009          2009                           1                  59,597.--       Opposition filed

31.12.2008          2008                           0                                      Legal actions

31.12.2007          2007                           2                127,888.--       Opposition filed

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.

 

 

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 good.

 

Payment experiences:   Payment habits are considered good.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.67

UK Pound

1

Rs.93.16

Euro

1

Rs.66.42

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.