MIRA INFORM REPORT

 

 

Report No. :

319948

Report Date :

06.05.2015

 

IDENTIFICATION DETAILS

 

Name :

SCHINDLER AUFZÜGE AG

 

 

Registered Office :

Zugerstrasse 13, 6030 Ebikon/LU, Switzerland/CH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

1874

 

 

Com. Reg. No.:

100.3.012.393-3

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Subject is engaged in manufacture, sale, installation and maintenance of lifts, loads- and special elevators and escalators. The products are suitable for building types of shopping malls, office buildings, hotels, public buildings, hospitals, sports & Expo, transportation and buildings.

 

 

No. of Employees :

2,800

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

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 – 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 responded to 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 hurt Switzerland's long history of bank secrecy.

 

Source : CIA


Company Name

 

SCHINDLER AUFZÜGE AG

 

 

Operating address

 

Zugerstrasse 13

6030 Ebikon/LU

Switzerland/CH

 

Telephone:                   041 4453131

Fax:                             041 4453911

 

Web site:                      http://www.schindler.ch

E-mail:                         info@ch.schindler.com

 

WIN Worldbox No.:       CH0000081136

VAT-No.:                      CHE-116.273.656 MWST

UID-No.:                       CHE105956202

 

Profile

 

Established:                 1874

History:                        1874:      Established from Robert + Eduard Schindler

Line of Business:          Machinery

Industry Division:          Manufacturing

Industry-code (NACE):  2822       Manufacture of lifting and handling equipment

                                    3312       Repair of machinery

Import/Export:              Export

Quality certification:      ISO 9001:2000

Banks:                          unknown

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2015

Employees:                  2,800

Sales:                          CHF 500,000,000.--

 

 

Activity

 

The business activities include the manufacture, sale, installation and maintenance of lifts, loads- and special elevators and escalators. The products are suitable for building types of shopping malls, office buildings, hotels, public buildings, hospitals, sports & Expo, transportation and buildings.

 

 

Real Estate

 

Real Estate:                  The company owns extensive property.

 

 

Company Register

 

Company No:               100.3.012.393-3

UID-No.:                       CHE105956202

Legal form:                   Company limited by shares

Registration:                 07.03.1906

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Luzern

History:                        Date of Statutes: 19.04.1996

                                    Date of Incorporation Statutes: 17.02.1906

                                    Date of Statutes: 28.11.2008

                                    Date of Statutes: 28.03.2008

 

Entry          Deleted      Name

05.12.2008                    Schindler Aufzüge AG

05.12.2008                    Ascensori Schindler SA (Name translated)

05.12.2008                    Schindler Elevator Limited (Name translated)

05.12.2008                    Ascenseurs Schindler SA (Name translated)

                  31.03.2008  Ascenseurs Schindler SA

                  removed     Aufzüge- und Elektromotorenfabrik Schindler & Cie. A.G.

                  removed     Aufzüge- und Elektromotorenfabrik Schindler & Cie. A.G. Luzern

                  removed     Aufzüge-& Elektromotorenfabrik Schindler & Cie. A.G.

                  removed     Aufzüge-& Elektromotorenfabrik Schindler & Cie. Aktiengesellschaft

                  removed     Schindler & Cie

                  31.03.2008  Schindler Aufzüge AG

                  31.03.2008  Ascensori Schindler SA

                  31.03.2008  Schindler Elevator Limited

                  31.03.2008  Ascensori Schindler SA

                  removed     Aufzüge- und Elektromotorenfabrik Schindler AG

31.03.2008  05.12.2008  Ascenseurs SCHINDLER SA

31.03.2008  05.12.2008  SCHINDLER Elevator Limited

31.03.2008  05.12.2008  SCHINDLER Aufzüge AG

 

Entry          Deleted      Legal domicile

active                           Ebikon, Switzerland

                  removed     Luzern, Switzerland

 

Entry          Deleted      Address

09.06.2004                    Zugerstrasse 13, 6030 Ebikon/LU, Switzerland/CH

                  09.06.2004  6030 Ebikon, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 25,000,000, paidup CHF 25,000,000

 

Entry          Deleted      Capital Structure

active                           62,500 Registered shares of CHF 400.--

 

Entry          Deleted      Branches

01.04.2014                    Schwyz, Switzerland/CH

01.04.2014                    Bussigny-près-Lausanne, Switzerland/CH

01.04.2014                    Visp, Switzerland/CH

01.04.2014                    Pratteln, Switzerland/CH

01.04.2014                    Zuchwil, Switzerland/CH

01.04.2014                    Biel/Bienne, Switzerland/CH

01.04.2014                    Ebikon, Switzerland/CH

01.04.2014                    Oberentfelden, Switzerland/CH

01.04.2014                    Thun, Switzerland/CH

01.04.2014                    Zug, Switzerland/CH

01.04.2014                    St. Moritz, Switzerland/CH

01.04.2014                    Winterthur, Switzerland/CH

01.04.2014                    Bioggio, Switzerland/CH

01.04.2014                    Chur, Switzerland/CH

01.04.2014                    Neuenburg, Switzerland/CH

01.04.2014                    Sion, Switzerland/CH

01.04.2014                    St. Gallen, Switzerland/CH

01.04.2014                    Perly-Certoux, Switzerland/CH

01.04.2014                    Matran, Switzerland/CH

01.04.2014                    Schlieren, Switzerland/CH

01.04.2014                    Bern, Switzerland/CH

                  01.04.2014  Neuenburg, Switzerland/CH

                  01.04.2014  Chemin de la Mairie 24, 1258 Perly/GE, Switzerland/CH

                  01.04.2014  Via Campagna , 6934 Bioggio/TI, Switzerland/CH

                  01.04.2014  Bürglistrasse 33a, 8400 Winterthur/ZH, Switzerland/CH

                  01.04.2014  Kasernenstrasse 90, 7000 Chur/GR, Switzerland/CH

                  01.04.2014  Bionstrasse 4, 9015 St. Gallen/SG, Switzerland/CH

                  01.04.2014  Zentweg 9, 3006 Bern/BE, Switzerland/CH

                  01.04.2014  Avenue du Grand-Champsec 23, 1950 Sion/VS, Switzerland/CH

                  22.08.2011  Zürich, Switzerland/CH

                  18.11.2009  1000 Lausanne/VD, Switzerland/CH

22.08.2011  01.04.2014  Südstrasse 5, 8952 Schlieren/ZH, Switzerland/CH

18.11.2009  01.04.2014  Rue de l'Industrie 58, 1030 Bussigny-Lausanne/VD, Switzerland/CH

03.09.2008  01.04.2014  Kantonsstrasse 41 b, 3930 Visp/VS, Switzerland/CH

10.11.2006  01.04.2014  Salinenstrasse 61, 4133 Pratteln/BL, Switzerland/CH

24.11.2005  01.04.2014  Mürgelistrasse 2, 4528 Zuchwil/SO, Switzerland/CH

23.09.2005  01.04.2014  Aarbergstrasse 75, 2503 Biel/Bienne/BE, Switzerland/CH

03.08.2005  01.04.2014  Route de la Cornache 1, 1753 Matran/FR, Switzerland/CH

03.08.2005  01.04.2014  Route des Avouillons 16, 1196 Gland/VD, Switzerland/CH

15.12.2004  01.04.2014  Zugerstrasse 13, 6030 Ebikon/LU, Switzerland/CH

02.11.2004  22.08.2011  , 1400 Yverdon-les-Bains/VD, Switzerland/CH

16.06.2004  01.04.2014  Schwyz, Switzerland/CH

15.04.2004  01.04.2014  Industriestrasse 14, 5036 Oberentfelden/AG, Switzerland/CH

17.09.2003  01.04.2014  Bierigutstrasse 11, 3608 Thun/BE, Switzerland/CH

14.08.2003  01.04.2014  Zürcherstrasse 6, 8640 Rapperswil/SG, Switzerland/CH

04.08.2003  01.04.2014  Chamerstrasse 172, 6300 Zug/ZG, Switzerland/CH

19.05.2003  01.04.2014  Chesa Corviglia , 7500 St. Moritz/GR, Switzerland/CH

 

 

Official Administration

 

Title                                           Name

President                                    Erich Ammann

                                                  Citizen: Ermatingen, Switzerland

                                                  Residential address: Neuheim, Switzerland

                                                  joint signature of two

Vice-President                            Dr. Peter H. Eulau

                                                  Citizen: Basel, Switzerland

                                                  Residential address: Basel, Switzerland

                                                  without signature

                                                  Registered since: 24.07.2003

Director                                      Pirmin Josef Bischof

                                                  Citizen: Eggersriet, Switzerland

                                                  Residential address: Solothurn, Switzerland

                                                  without signature

                                                  Registered since: 14.06.2012

Director                                      Klaus Peter Nüesch

                                                  Citizen: St. Gallen, Balgach, Switzerland

                                                  Residential address: Hunghom , Hong Kong

                                                  without signature

Director                                      Alfred N. Schindler

                                                  Citizen: Arth, Switzerland

                                                  Residential address: Hergiswil/NW, Switzerland

                                                  joint signature of two, Limited to the headquarters

Director                                      Caroline Schindler Linsi

                                                  Citizen: Arth, Switzerland

                                                  Residential address: 6052 Hergiswil /NW, Switzerland

                                                  without signature

                                                  Registered since: 23.03.2010

Director                                      Carole Vischer

                                                  Citizen: Basel, Switzerland

                                                  Residential address: 6052 Hergiswil /NW, Switzerland

                                                  without signature

                                                  Registered since: 23.03.2010

 

 

Management

 

Title                                           Name

Chairman of the management      Rainer Roten

                                                  Citizen: Leukerbad, Switzerland

                                                  Residential address: Bremgarten, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.05.2013

Member of the management        Patrick Hess

                                                  Citizen: Engelberg, Switzerland

                                                  Residential address: Meggen, Switzerland

                                                  joint signature of two

                                                  Registered since: 29.08.2014

Member of the management        Jürgen Kästle

                                                  Citizen: Germany

                                                  Residential address: Hergiswil/NW, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member of the management        Kurt Kaufmann

                                                  Citizen: Grindelwald, Switzerland

                                                  Residential address: Amsoldingen, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 29.06.2009

Member of the management        Rodin Lederle

                                                  Citizen: Hellikon, Switzerland

                                                  Residential address: Aesch /BL, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 20.02.2015

Member of the management        Franz-Xaver Simmen

                                                  Citizen: Realp, Switzerland

                                                  Residential address: Altdorf /UR, Switzerland

                                                  joint signature of two

                                                  Registered since: 01.04.2014

Member of the management        Boris Tomic

                                                  Citizen: Ehrendingen, Switzerland

                                                  Residential address: Gaiserwald, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.05.2013

Member of the direction              Cornel Baschung

                                                  Citizen: Mümliswil-Ramiswil, Switzerland

                                                  Residential address: Luzern, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.05.2013

Member of the direction              Rolf Baumann

                                                  Citizen: Wassen, Switzerland

                                                  Residential address: Udligenswil, Switzerland

                                                  joint signature of two

                                                  Registered since: 03.05.2013

Member of the direction              Guntram Begle

                                                  Citizen: Austria

                                                  Residential address: 6403 Küssnacht/SZ, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 20.03.2008

Member of the direction              Thomas Eckert

                                                  Citizen: Bern, Switzerland

                                                  Residential address: Mettmenstetten, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 15.04.2002

Member of the direction              Reto Hauri

                                                  Citizen: Reitnau, Switzerland

                                                  Residential address: 6053 Alpnach/OW, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 23.03.2010

Member of the direction              Gregor Herger

                                                  Citizen: Spiringen, Switzerland

                                                  Residential address: Zug, Switzerland

                                                  joint signature of two

                                                  Registered since: 12.09.2013

Member of the direction              René Hermann

                                                  Citizen: Luzern, Switzerland

                                                  Residential address: Luzern/LU, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member of the direction              Winfried Kleiner

                                                  Citizen: Germany

                                                  Residential address: Ebikon, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member of the direction              Heinrich (Henry) Reust

                                                  Citizen: Steffisburg, Switzerland

                                                  Residential address: 6403 Küssnacht /SZ, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 25.08.2010

Member of the direction              Martin Sommerhalder

                                                  Citizen: Schlossrued, Switzerland

                                                  Residential address: Strengelbach, Switzerland

                                                  joint signature of two, Restricted signatory powers

                                                  Registered since: 29.08.2014

Member of the direction              Herbert Stadelmann

                                                  Citizen: Emmen, Escholzmatt, Switzerland

                                                  Residential address: Risch, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 15.04.2002

Member of the direction              Karl Weinberger

                                                  Citizen: Dierikon, Switzerland

                                                  Residential address: 6403 Küssnacht/SZ, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member of the direction              Thomas Werren

                                                  Citizen: St. Stephan, Switzerland

                                                  Residential address: Küssnacht/SZ, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 22.08.2011

Member of the direction              Urs  Widmer

                                                  Citizen: Ruswil, Emmen, Switzerland

                                                  Residential address: Rothenburg, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member with signing authority      Urs Bühler

                                                  Citizen: Emmen, Switzerland

                                                  Residential address: Stans, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 14.06.2012

Member with signing authority      Olivier Funk

                                                  Citizen: Baden, Switzerland

                                                  Residential address: 5400 Baden/AG, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member with signing authority      Bernhard Gisler

                                                  Citizen: Spiringen, Switzerland

                                                  Residential address: Wettswil am Albis, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member with signing authority      Marcel Oberholzer

                                                  Citizen: Goldingen, Switzerland

                                                  Residential address: Cham, Switzerland

                                                  joint signature of two, Limited to the headquarters

Member with signing authority      Erwin Würsch

                                                  Citizen: Emmetten, Switzerland

                                                  Residential address: Dallenwil, Switzerland

                                                  joint signature of two, Limited to the headquarters

                                                  Registered since: 29.06.2009

 

 

External Positions

 

Title                                           Name

Auditor                                       Ernst & Young AG

                                                  Residential address: Bern, Switzerland

                                                  Id: CHE-441.858.784

 

 

Executive board

 

Title                                           Name

Chief Executive Officer               Rainer Roten

Chief Financial Officer                 Patrick Hess

Chief Operating Officer               Boris Tomic

Chief Marketing Officer, Chief Sales Officer     Rodin Lederle

Chief Technical Officer                Franz-Xaver Simmen

Chief Human Resources Officer   Bernhard Gisler

 

 

Ultimate Parent Company

 

Name:                          Schindler Holding AG

City/Country:                Hergiswil/NW, Switzerland/CH

 

 

Financial Data Schindler Group

 

Consolidation:              consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.12.2014        31.12.2013        31.12.2012        31.12.2011        31.12.2010

Number of months:                                      12                    12                    12                    12                    12

Currency:                                                 th. CHF             th. CHF            th. CHF             th. CHF            th. CHF

Statement norm:                                   Local GAAP      Local GAAP     Local GAAP      Local GAAP     Local GAAP

 

Balance Sheet

Intangible fixed assets                              985,000.0          742,000.0         804,000.0          842,000.0         768,000.0

Land and buildings                                    431,000.0          303,000.0         253,000.0          232,000.0         208,000.0

Other tangible fixed assets                        371,000.0          352,000.0         269,000.0          251,000.0         230,000.0

Tangible fixed assets                                802,000.0          655,000.0         522,000.0          483,000.0         438,000.0

Financial fixed assets                                731,000.0          712,000.0       1,108,000.0          910,000.0         542,000.0

other fixed assets                                     280,000.0          200,000.0         218,000.0          311,000.0         280,000.0

Fixed assets                                          2,798,000.0       2,309,000.0       2,652,000.0       2,546,000.0       2,028,000.0

 

Stocks                                                      508,000.0          444,000.0         395,000.0          407,000.0         359,000.0

Trade accounts receivable                      1,696,000.0       1,511,000.0       1,444,000.0       1,376,000.0       1,280,000.0

Liquid assets                                         2,722,000.0       2,228,000.0       2,178,000.0       2,403,000.0       2,310,000.0

Securities                                                 321,000.0          516,000.0         448,000.0          259,000.0         125,000.0

other trade accounts                                 746,000.0          666,000.0         589,000.0          544,000.0       1,197,000.0

Accruals                                                   130,000.0          123,000.0         116,000.0          109,000.0         131,000.0

Other current assets                               3,919,000.0       3,533,000.0       3,331,000.0       3,315,000.0       3,763,000.0

Current assets                                       6,123,000.0       5,488,000.0       5,170,000.0       5,098,000.0       5,402,000.0

 

Total assets                                           8,921,000.0       7,797,000.0       7,822,000.0       7,644,000.0       7,430,000.0

 

Capital                                                       11,000.0           12,000.0           12,000.0           12,000.0           12,000.0

Other shareholders funds                        2,879,000.0       2,463,000.0       2,768,000.0       2,770,000.0       2,703,000.0

Total shareholders equity                      2,890,000.0       2,475,000.0       2,780,000.0       2,782,000.0       2,715,000.0

 

Minority interests                                       106,000.0           50,000.0           33,000.0           35,000.0         104,000.0

long term debt (financial debts)                 540,000.0          413,000.0         621,000.0          619,000.0         132,000.0

Provisions                                                330,000.0          340,000.0         359,000.0          381,000.0         346,000.0

Other non current liabilities                         729,000.0          545,000.0         701,000.0          482,000.0         462,000.0

Non current liabilities                            1,599,000.0       1,298,000.0       1,681,000.0       1,482,000.0         940,000.0

 

short term debt (financial debts)                409,000.0          594,000.0         133,000.0          169,000.0         145,000.0

Trade accounts payable                            907,000.0          800,000.0         769,000.0          794,000.0         722,000.0

Provisions                                                137,000.0          111,000.0         156,000.0          195,000.0         144,000.0

Accruals                                                1,497,000.0       1,227,000.0       1,174,000.0       1,177,000.0       1,180,000.0

other accounts payable                          1,376,000.0       1,242,000.0       1,096,000.0       1,010,000.0       1,480,000.0

other current liabilities                             3,010,000.0       2,580,000.0       2,426,000.0       2,382,000.0       2,804,000.0

Current liabilities                                  4,326,000.0       3,974,000.0       3,328,000.0       3,345,000.0       3,671,000.0

 

Shareh. equity, min. int. & liabilities     8,921,000.0       7,797,000.0       7,822,000.0       7,644,000.0       7,430,000.0

 

Profit and loss account

Net sales                                               9,246,000.0       8,402,000.0       8,109,000.0       7,658,000.0       8,115,000.0

Other operating revenue                            227,000.0          411,000.0         149,000.0          196,000.0           72,000.0

Operating revenue                                 9,473,000.0       8,813,000.0       8,258,000.0       7,854,000.0       8,187,000.0

 

Cost of goods sold                                2,901,000.0       2,736,000.0       2,442,000.0       2,329,000.0       2,302,000.0

Gross profit                                           6,572,000.0       6,077,000.0       5,816,000.0       5,525,000.0       5,885,000.0

Other operating expenses                       5,434,000.0       5,181,000.0       4,826,000.0       4,735,000.0       4,935,000.0

Operating result                                    1,138,000.0          896,000.0         990,000.0          790,000.0         950,000.0

 

Interest revenues                                         34,000.0           32,000.0           35,000.0           41,000.0           39,000.0

other financial revenues                               76,000.0           59,000.0           19,000.0           21,000.0           15,000.0

Financial income                                       110,000.0           91,000.0           54,000.0           62,000.0           54,000.0

Interest expenses                                        36,000.0           40,000.0           36,000.0           22,000.0           17,000.0

other financial expenses                              63,000.0          247,000.0           25,000.0           40,000.0           49,000.0

Financial expenses                                     99,000.0          287,000.0           61,000.0           62,000.0           66,000.0

Financial result                                            11,000.0         -196,000.0            -7,000.0                   0.0          -12,000.0

Result before extraordinary items          1,149,000.0          700,000.0         983,000.0          790,000.0         938,000.0

 

Extraordinary income                                                                                                         35,000.0           32,000.0

Extraordinary Result                                            0.0                   0.0                   0.0           35,000.0           32,000.0

Result before taxes                                1,149,000.0          700,000.0         983,000.0          825,000.0         970,000.0

 

Taxes                                                       247,000.0          237,000.0         253,000.0          214,000.0         259,000.0

Result before minority interests                  902,000.0          463,000.0         730,000.0          611,000.0         711,000.0

minority interests                                        40,000.0           31,000.0           28,000.0           25,000.0           34,000.0

Result for the financial year                     862,000.0          432,000.0         702,000.0          586,000.0         677,000.0

 

Cash flow

Depreciation                                             157,000.0          120,000.0         119,000.0          119,000.0         132,000.0

Cash flow                                              1,059,000.0          583,000.0         849,000.0          730,000.0         843,000.0

Cash flow from operating activities            902,000.0          808,000.0         782,000.0          690,000.0       1,114,000.0

Investments in tangible fixed assets           183,000.0          252,000.0         132,000.0          124,000.0         147,000.0

Cash flow from investing activities             111,000.0         -164,000.0        -532,000.0         -464,000.0        -361,000.0

Cash flow from financing activities            -554,000.0         -584,000.0        -459,000.0         -102,000.0        -339,000.0

Others                                                        35,000.0          -10,000.0          -16,000.0          -41,000.0          -13,000.0

Change in liquidity                                     494,000.0           50,000.0        -225,000.0           83,000.0         401,000.0

Liquidity at beginning of the year            2,228,000.0       2,178,000.0       2,403,000.0       2,320,000.0       1,919,000.0

Liquidity at end of the year                     2,722,000.0       2,228,000.0       2,178,000.0       2,403,000.0       2,320,000.0

 

Notes

Material costs                                        2,901,000.0       2,736,000.0       2,442,000.0       2,329,000.0       2,302,000.0

Cost of employees                                 3,293,000.0       3,185,000.0       3,074,000.0       2,965,000.0       3,162,000.0

Research and Development                       134,000.0          127,000.0         115,000.0          113,000.0         109,000.0

Orders received                                      9,979,000.0       8,456,000.0       8,967,000.0       8,249,000.0       8,778,000.0

Added value                                          4,635,000.0       4,045,000.0       4,212,000.0       3,931,000.0       4,281,000.0

Working Capital                                      1,297,000.0       1,155,000.0       1,070,000.0          989,000.0         917,000.0

Sales per Employee                                        170.6                174.4                179.2                172.5                188.7

Market capitalisation                             16,101,000.0     14,881,000.0     15,463,000.0     13,149,000.0     13,408,000.0

Gross cost land and buildings                   698,000.0          564,000.0         504,000.0          490,000.0         441,000.0

Gross cost other tangible fixed assets    1,053,000.0       1,008,000.0         920,000.0          906,000.0         893,000.0

Gross cost total                                     1,751,000.0       1,572,000.0       1,424,000.0       1,396,000.0       1,334,000.0

Insurance value total                               2,285,000.0       2,063,000.0       2,030,000.0       2,015,000.0       1,774,000.0

 

Employees  at year end                                 54,209              48,169              45,246              44,387              43,010

Employees  average                                                                                     44,556              43,685              42,687

Employees inland                                            4,600                4,650                4,493                4,543                4,339

Employees abroad                                        49,609              43,519              40,753              39,844              38,671

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is domestic owned.

 

Class:                          100%

Type:                           indirect, Group-Level 1

Name:                          Schindler Holding AG

City/Country:                Hergiswil/NW, Switzerland/CH

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

 

 

Investments

 

Class:                          40-49%

Name:                          Hammetschwand Lift AG

City/Country:                Obbürgen/NW, Switzerland/CH

Interest:                        40,00% voting right, 40,00% capital interest

 

 

Financials

 

Balance sheet publication:     

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

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

06.02.2015          2015                           0                                      Legal actions

31.12.2014          2014                           0                                      Legal actions

31.12.2013          2013                           0                                      Legal actions

31.12.2012          2012                           0                                      Legal actions

31.12.2011          2011                           0                                      Legal actions

31.12.2010          2010                           2         70,950.--                Opposition filed

31.12.2009          2009                           0                                      Legal actions

04.04.2006          2006                           0                                      Legal actions

31.12.2005          2005                           0                                      Legal actions

31.12.2004          2004                           0                                      Legal actions

Official bankruptcy reports:

No bankruptcy publications available on the subject.

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Sanctions List

 

The company is not listed in the World Compliance 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 exceptionally good.

 

Payment experiences:   Financial obligations are paid very punctually.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.97.99

Euro

1

Rs.70.53

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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.