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Report No. : |
343328 |
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Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ENDRESS+HAUSER (INTERNATIONAL) HOLDING AG |
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Registered Office : |
Kägenstrasse 2, 4153 Reinach/BL |
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Country : |
Switzerland |
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Year of Establishment : |
1968 |
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Com. Reg. No.: |
280.3.917.151-0 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
· The business activities include investments in domestic and foreign companies of measurement and control technology. · The company is a leading provider of measurement instrumentation, services and solutions for industrial process engineering and automation, offering complete solutions for flow, level, pressure, analysis, temperature, data acquisition and digital communications across all sectors and guarantees reliable, safe, economical and environmentally friendly processes. |
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No. of Employees : |
16 |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 to 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 continue 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 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing 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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
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Source
: CIA |
Endress+Hauser (International) Holding AG
Operating address:
Kägenstrasse 2
4153 Reinach/BL
Switzerland/CH
Telephone: 061
7157700
Fax: 061
7152888
Web
site: http://www.endress.com
E-mail: info@holding.endress.com
WIN
Worldbox No.: CH0005065541
VAT-No.: CHE-102.685.751 MWST
UID-No.: CHE102685751
Established: 1968
Line
of Business: Financial services,
Electro technology, Measurement and control technology
Industry
Division: Services, Manufacturing
Industry-code (NACE): 6420 Activities of holding companies
2611 Manufacture of electronic components
2651 Manufacture of instruments and appliances
for measuring, testing and navigation
Banks: unknown
Coverage: Company
Figures: approximately
Financial
year: 2015
Employees: 16
The business activities includes investments
in domestic and foreign companies of measurement and control technology.
The company is a leading provider of
measurement instrumentation, services and solutions for industrial process
engineering and automation, offering complete solutions for flow, level,
pressure, analysis, temperature, data acquisition and digital communications
across all sectors and guarantees reliable, safe, economical and environmentally
friendly processes.
The company has subsidiaries in 6 continents
and more than 12,000 employees in production, sales and service around the
world.
Information on property ownership was not
available.
Company
No: 280.3.917.151-0
UID-No.: CHE102685751
Legal
form: Company limited by
shares
Registration: 11.01.1988
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Incorporation
Statutes: 15.12.1987
Date of Statutes:
28.11.2006
Date of
Statutes: 26.06.1995
Entry Deleted Name
30.11.2006 Endress+Hauser
(International) Holding AG
30.11.2006 Endress + Hauser (International) Holding AG
removed Mestra-Holding AG
Entry Deleted Legal domicile
active Reinach
(BL), Switzerland
Entry Deleted Address
30.11.2006 Kägenstrasse
2, 4153 Reinach, Switzerland/CH
30.11.2006 Kägenstrasse 7, 4153 Reinach/BL,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 22,000,000, paidup CHF 22,000,000
Entry Deleted Capital Structure
30.11.2006 22,000
Registered shares of CHF 1,000.--
Title Name
President Klaus Dieter
Endress
Citizen:
Schaffhausen, Switzerland
Residential
address: 4153 Reinach /BL, Switzerland
single
signature
Registered
since: 13.06.1995
Director Dr. Klaus
Eisele
Citizen:
Germany
Residential
address: Stuttgart , Germany
joint
signature of two
Registered
since: 26.06.2002
Director Hans-Peter
Endress
Citizen:
Schaffhausen, Switzerland
Residential
address: Appleton , United Kingdom
joint
signature of two
Registered
since: 23.05.2014
Director Fernando
Fuenzalida Meinel
Citizen:
Reinach BL, Switzerland
Residential
address: 1236 Cartigny, Switzerland
joint
signature of two
Registered
since: 08.05.2013
Director Thomas
Walter Kraus
Citizen:
Germany
Residential
address: Lohmar , Germany
joint
signature of two
Registered
since: 23.05.2014
Director Antonietta
Pedrazzetti
Citizen:
Arbedo-Castione, Switzerland
Residential
address: Münchenstein, Switzerland
joint
signature of two
Registered
since: 23.05.2014
Title Name
Director Matthias
Altendorf
Citizen:
Germany
Residential
address: Lörrach , Germany
joint
signature of two
Registered
since: 09.10.2009
Director Pieter de
Koning
Citizen:
Netherlands
Residential
address: 4112 Flüh, Switzerland
joint
signature of two
Registered
since: 08.09.2008
Director Klaus
Dieter Endress
Citizen:
Schaffhausen, Switzerland
Residential
address: 4153 Reinach /BL, Switzerland
single
signature
Registered
since: 13.06.1995
Director Dr.
Gerhard Jost
Citizen:
Germany
Residential
address: Mühltal , Germany
joint
signature of two
Registered
since: 09.10.2009
Director Roland
Kienzler
Citizen:
Basel, Switzerland
Residential
address: 4105 Biel-Benken, Switzerland
joint
signature of two
Registered
since: 08.09.2008
Director Nikolaus
Andreas Alois Krüger
Citizen:
Germany
Residential
address: Grenzach-Wyhlen , Germany
joint
signature of two
Registered
since: 08.09.2008
Director Dr. Luc
Schultheiss
Citizen:
Riehen, Switzerland
Residential
address: Riehen, Switzerland
joint
signature of two
Registered
since: 23.12.2011
Director Michael
Ziesemer
Citizen:
Germany
Residential
address: Lörrach, Germany
joint
signature of two
Registered
since: 01.12.2000
Director,
Company Secretary Dr. Heiner
Zehntner
Citizen:
Basel, Reigoldswil, Switzerland
Residential
address: 4142 Münchenstein, Switzerland
joint
signature of two
Registered
since: 19.05.2005
Member
with procuration Andreja Weber
Citizen:
Oberwil BL, Switzerland
Residential
address: Oberwil /BL, Switzerland
joint
power of attorney of two
Registered
since: 22.05.2008
Title Name
Auditor Santschi
& Partner Treuhand AG
Residential
address: Reinach/BL, Switzerland
Id:
CHE-107.545.502
Name: Endress+Hauser AG
City/Country: Reinach/BL, Switzerland/CH
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Endress+Hauser AG
City/Country: Reinach/BL, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
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.
EUR th. EUR th. EUR th. EUR th.
EUR
Statement norm: IAS IAS IAS IAS IAS
Balance Sheet
Intangible fixed
assets 156,725.0 139,715.0 78,060.0 22,394.0 17,065.0
Land and buildings 382,963.0 338,700.0 292,728.0 288,901.0 273,980.0
Other tangible fixed
assets 253,336.0 229,502.0 217,494.0 171,567.0 159,037.0
Tangible fixed
assets 636,299.0 568,202.0 510,222.0 460,468.0 433,017.0
Financial fixed
assets 34,763.0 30,221.0 31,165.0 35,825.0 4,927.0
other fixed assets 64,097.0 43,981.0 42,688.0 26,837.0 24,121.0
Fixed assets 891,884.0 782,119.0 662,135.0 545,524.0 479,130.0
Stocks 228,733.0 219,794.0 188,985.0 185,944.0 140,030.0
Trade accounts
receivable 361,194.0 339,566.0 322,722.0 291,158.0 265,597.0
Cash & Cash
Equivalents 444,018.0 383,728.0 388,734.0 443,486.0 377,254.0
Securities 125,617.0 110,369.0 54,419.0 2,529.0 2,954.0
other trade
accounts 68,758.0 62,920.0 42,051.0 45,507.0 29,203.0
Accruals 25,738.0 33,835.0 15,347.0 8,843.0 6,746.0
Other current
assets 664,131.0 590,852.0 500,551.0 500,365.0 416,157.0
Current assets 1,254,058.0 1,150,212.0 1,012,258.0 977,467.0 821,784.0
Total assets 2,145,942.0 1,932,331.0 1,674,393.0 1,522,991.0 1,300,914.0
Capital 14,842.0 14,842.0 14,842.0 14,842.0 14,842.0
Other shareholders
funds 1,440,986.0 1,271,028.0 1,153,547.0 1,041,914.0 871,622.0
Total shareholders
equity 1,455,828.0 1,285,870.0 1,168,389.0 1,056,756.0 886,464.0
Minority interests 8,942.0 24,482.0 6,067.0 2,060.0 2,006.0
long term debt
(financial debts) 11,860.0 43,964.0 13,707.0 29,998.0 36,738.0
Provisions 30,199.0 27,944.0 26,752.0 23,145.0 23,022.0
Other non current
liabilities 281,010.0 208,391.0 200,850.0 136,434.0 124,728.0
Non current
liabilities 323,069.0 280,299.0 241,309.0 189,577.0 184,488.0
short term debt
(financial debts) 43,532.0 15,615.0 6,025.0 14,662.0 17,239.0
Trade accounts
payable 86,925.0 78,060.0 72,415.0 63,177.0 54,393.0
Provisions 69,424.0 61,079.0 50,409.0 51,684.0 41,044.0
Accruals 38,143.0 45,174.0 29,500.0 31,591.0 31,784.0
other accounts
payable 120,079.0 141,752.0 100,279.0 113,484.0 83,496.0
other current
liabilities 227,646.0 248,005.0 180,188.0 196,759.0 156,324.0
Current
liabilities 358,103.0 341,680.0 258,628.0 274,598.0 227,956.0
Shareh. equity,
min. int. & liabilities 2,145,942.0 1,932,331.0 1,674,393.0 1,522,991.0 1,300,914.0
Profit and loss account
Net sales 2,013,477.0 1,814,400.0 1,693,790.0 1,524,982.0 1,313,213.0
Other operating
revenue 23,644.0 18,558.0 22,556.0 25,022.0 24,315.0
Operating revenue 2,037,121.0 1,832,958.0 1,716,346.0 1,550,004.0 1,337,528.0
Cost of goods sold 568,495.0 484,898.0 463,386.0 420,801.0 361,731.0
Gross profit 1,468,626.0 1,348,060.0 1,252,960.0 1,129,203.0 975,797.0
Other operating
expenses 1,200,411.0 1,070,910.0 979,516.0 882,297.0 788,426.0
Operating result 268,215.0 277,150.0 273,444.0 246,906.0 187,371.0
Interest revenues 1,591.0 1,384.0 1,478.0 1,600.0 1,306.0
other financial
revenues 11,047.0 7,595.0 7,606.0 645.0 1,048.0
Financial income 12,638.0 8,979.0 9,084.0 2,245.0 2,354.0
Interest expenses 3,336.0 1,987.0 1,739.0 2,356.0 3,353.0
other financial
expenses 3,073.0 14,258.0 18,080.0 3,833.0 20,460.0
Financial expenses 6,409.0 16,245.0 19,819.0 6,189.0 23,813.0
Financial result 6,229.0 -7,266.0 -10,735.0 -3,944.0 -21,459.0
Result before
extraordinary items 274,444.0 269,884.0 262,709.0 242,962.0 165,912.0
Result before
taxes 274,444.0 269,884.0 262,709.0 242,962.0 165,912.0
Taxes 82,746.0 82,566.0 79,227.0 65,742.0 39,307.0
Result before
minority interests 191,698.0 187,318.0 183,482.0 177,220.0 126,605.0
minority interests -7,361.0 158.0 241.0 137.0 391.0
Result for the
financial year 199,059.0 187,160.0 183,241.0 177,083.0 126,214.0
Cash flow
Depreciation 85,482.0 74,170.0 73,689.0 58,090.0 58,563.0
Cash flow 277,180.0 261,488.0 257,171.0 235,310.0 185,168.0
Cash flow from
operating activities 260,543.0 270,022.0 241,821.0 205,114.0 189,820.0
Investments in
tangible fixed assets 124,069.0 129,676.0 127,432.0 85,098.0 56,961.0
Cash flow from
investing activities -157,810.0 -221,168.0 -238,427.0 -112,835.0 -55,813.0
Cash flow from
financing activities -53,765.0 -43,861.0 -59,160.0 -34,127.0 -37,960.0
Others 11,322.0 -9,999.0 1,014.0 8,080.0 36,933.0
Change in
liquidity 60,290.0 -5,006.0 -54,752.0 66,232.0 132,980.0
Liquidity at
beginning of the year 383,728.0 388,734.0 443,486.0 377,254.0 244,274.0
Liquidity at end
of the year 444,018.0 383,728.0 388,734.0 443,486.0 377,254.0
Notes
Material costs 565,451.0 484,898.0 463,386.0 420,801.0 361,731.0
Cost of employees 759,127.0 679,278.0 624,200.0 573,540.0 517,431.0
Research and
Development 143,784.0 120,175.0 112,656.0 107,798.0 96,442.0
Added value 1,122,389.0 1,025,319.0 962,337.0 876,948.0 745,259.0
Working Capital 503,002.0 481,300.0 439,292.0 413,925.0 351,234.0
Net Current Assets 895,955.0 808,532.0 753,630.0 702,869.0 593,828.0
Sales per Employee 161.9 152.2 168.3 162.0 152.8
Gross cost land
and buildings 572,054.0 506,308.0 452,936.0 430,899.0 405,519.0
Gross cost other
tangible fixed assets 649,285.0 581,506.0 545,549.0 469,089.0 439,073.0
Gross cost total 1,221,339.0 1,087,814.0 998,485.0 899,988.0 844,592.0
Insurance value
total 1,108,076.0 916,433.0 903,876.0 841,896.0
Employees at year end 12,435 11,919 10,066 9,414 8,594
Class: 50-100%
Name: Endress + Hauser
Gesellschaft mit beschränkter Haftung
City/Country: Wien, Austria/AT
Interest: 80,00% voting right,
80,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
28.07.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 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.
The company is not listed in the
WorldCompliance database.
Payment experiences from pre-legal collection
cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
appears to be good.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
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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 |
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|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.