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Report No. : |
346687 |
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Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
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Name : |
METTLER-TOLEDO SALES INTERNATIONAL GMBH |
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Registered Office : |
Im Langacher 44, 8606 Greifensee/ZH |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2014 |
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|
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Date of Incorporation : |
31.05.2013 |
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Com. Reg. No.: |
020.4.050.073-3 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in distribution of scales, instruments and
metrological devices and systems such as analytical balances, precision balances,
micro and ultra-micro balances, scales and load cells for industrial,
automated powder and liquid dosing systems, handheld Powder Dispensing (HPD),
Moisture Analyzer, Mass Comparators, scales for special requirements, test
weights, pipettes, analytical instruments and other products. |
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|
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No. of Employee : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
3,029,219 USD |
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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.
|
Source
: CIA |
METTLER-TOLEDO
SALES INTERNATIONAL GMBH
Address:
Im Langacher 44
8606 Greifensee/ZH
Switzerland/CH
Telephone: 044
9442211
Fax: 044
9443060
Web
site: http://www.ch.mt.com
E-mail: info.ch@mt.com
WIN
Worldbox No.: CH0009835787
VAT-No.: CHE-116.284.625 MWST
UID-No.: CHE293559365
Established: 2013
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other machinery and
equipment
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 1-9
Sales: CHF 4-6 Mio
The business activities include distribution of scales, instruments and
metrological devices and systems such as analytical balances, precision
balances, micro and ultra-micro balances, scales and load cells for industrial,
automated powder and liquid dosing systems, handheld Powder Dispensing (HPD),
Moisture Analyzer, Mass Comparators, scales for special requirements, test
weights, pipettes, analytical instruments and other products.
The group is a global manufacturer and marketer of precision instruments
for use in laboratory, industrial and food retailing applications. The Company
has strong worldwide leadership positions. A significant majority of our
instrument sales are in segments in which we are the global leader. In addition
to a broad product offering, the group
have one of the largest global sales and service organizations among
precision instrument companies.
Real
Estate: The company does
not appear to own any property.
Company
No: 020.4.050.073-3
UID-No.: CHE293559365
Legal
form: Limited Liability
Company
Registration: 31.05.2013
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Incorporation
Statutes: 24.05.2013
Entry Deleted Name
31.05.2013 Mettler-Toledo
Sales International GmbH
31.05.2013 Mettler-Toledo
Sales International Ltd Liab. Co (Name translated)
31.05.2013 Mettler-Toledo
Sales International Sàrl (Name translated)
Entry Deleted Legal domicile
31.05.2013 Greifensee,
Switzerland
Entry Deleted Address
31.05.2013 Im
Langacher 44, 8606 Greifensee/ZH, Switzerland/CH
Entry Deleted Capital
31.05.2013 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
31.05.2013 200
Registered shares of CHF 100.--
Title Name
General
Manager Kurt Jufer
Citizen:
Melchnau, Switzerland
Residential
address: Erlenbach /ZH, Switzerland
joint
signature of two
Registered
since: 31.05.2013
General
Manager Francisca
Ingrid Maria Ludovica Scharpé
Citizen:
Belgium
Residential
address: Volketswil, Switzerland
joint
signature of two
Registered
since: 10.09.2014
Chairman
of the management Jean-Claude Alder
Citizen:
Zürich, Switzerland
Residential
address: Winterthur, Switzerland
joint
signature of two
Registered
since: 31.05.2013
Title Name
Auditor PricewaterhouseCoopers
AG
Residential
address: Zürich, Switzerland
Id:
CHE-106.839.438
Registered
since: 31.05.2013
Name: METTLER-TOLEDO
INTERNATIONAL INC.
City/Country: Columbus/OH, United States of
America/US
No.
of owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Mettler-Toledo AG
City/Country: Greifensee/ZH, Switzerland/CH
Capital
share: CHF 20,000.--
Interest: 100,00% voting right,
100,00% capital interest (since 31.05.2013)
Name: Mettler-Toledo
Logistik GmbH
City/Country: Uznach/SG, Switzerland/CH
Name: Mettler-Toledo
Logistik International GmbH
City/Country: Uznach/SG, Switzerland/CH
Name: Mettler-Toledo OnLine
GmbH
City/Country: Greifensee/ZH, Switzerland/CH
Name: Mettler-Toledo
(Schweiz) GmbH
City/Country: Greifensee/ZH, Switzerland/CH
Name: Ohaus Europe GmbH
City/Country: Greifensee/ZH, Switzerland/CH
METTLER-TOLEDO
INTERNATIONAL INC.
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.
USD th. USD th. USD th. USD th.
USD
Statement norm: US-GAAP US-GAAP
Balance Sheet
Intangible fixed
assets 556,869.0 570,260.0 569,915.0 569,153.0 539,071.0
Tangible fixed
assets 511,462.0 514,438.0 469,421.0 410,007.0 364,472.0
Financial fixed
assets 0.0 0.0 0.0
other fixed assets 91,349.0 154,134.0 213,144.0 205,451.0 234,625.0
Fixed assets 1,159,680.0 1,238,832.0 1,252,480.0 1,184,611.0 1,138,168.0
Stocks 204,531.0 210,414.0 198,939.0 241,421.0 217,104.0
Trade accounts
receivable 435,648.0 466,703.0
Cash & Cash
Equivalents 85,263.0 111,874.0 101,702.0 235,601.0 447,577.0
other trade
accounts 123,988.0 124,996.0
Other current
assets 209,251.0 236,870.0
Current assets 849,430.0 913,987.0 864,920.0 1,018,863.0 1,144,895.0
Total assets 2,009,110.0 2,152,819.0 2,117,400.0 2,203,474.0 2,283,063.0
Capital 670,866.0 653,698.0
Other shareholders
funds 48,729.0 281,354.0
Total shareholders equity 719,595.0 935,052.0 827,219.0 781,137.0 771,584.0
Minority interests 0.0 0.0 0.0
long term debt
(financial debts) 335,790.0 395,960.0 347,131.0 476,715.0 670,301.0
Provisions 0.0 0.0 0.0
Other non current
liabilities 274,835.0 257,619.0 380,373.0 335,778.0 298,992.0
Non current liabilities 610,625.0 653,579.0 727,504.0 812,493.0 969,293.0
short term debt
(financial debts) 116,164.0 17,067.0
Trade accounts
payable 145,896.0 145,993.0
Accruals 136,107.0 123,493.0
other accounts
payable 280,723.0 277,635.0
other current
liabilities 416,830.0 401,128.0
Current liabilities 678,890.0 564,188.0 562,677.0 609,844.0 542,186.0
Shareh. equity, min. int. & liabilities 2,009,110.0 2,152,819.0 2,117,400.0 2,203,474.0 2,283,063.0
Profit and loss
account
Net sales 2,485,983.0 2,378,972.0 2,341,528.0 2,309,328.0 1,968,178.0
Operating revenue 2,485,983.0 2,378,972.0
Cost of goods sold 1,127,233.0 1,097,041.0
Gross profit 1,358,750.0 1,281,931.0
Other operating
expenses 889,209.0 856,511.0
Operating result 469,541.0 425,420.0 405,365.0 372,403.0 327,570.0
Interest expenses 24,537.0 22,711.0
Financial expenses 24,537.0 22,711.0
Financial result -24,537.0 -22,711.0
Result before extraordinary items 445,004.0 402,709.0
Result before taxes 445,004.0 402,709.0
Taxes 106,763.0 96,615.0
Result before
minority interests 338,241.0 306,094.0
Result for the financial year 338,241.0 306,094.0 290,847.0 269,493.0 232,148.0
Cash flow
Depreciation 33,617.0 34,765.0
Cash flow 371,858.0 340,859.0
Cash flow from
operating activities 418,912.0 345,928.0
Investments in
tangible fixed assets 89,388.0 82,349.0
Cash flow from
investing activities -94,444.0 -84,799.0
Cash flow from
financing activities -348,108.0 -251,116.0
Others -2,971.0 159.0
Change in
liquidity -26,611.0 10,172.0
Liquidity at
beginning of the year 111,874.0 101,702.0
Liquidity at end
of the year 85,263.0 111,874.0
Notes
Research and
Development 123,297.0 116,346.0
Added value 503,158.0 460,185.0
Working Capital 494,283.0 531,124.0
Net Current Assets 170,540.0 349,799.0 302,243.0 409,019.0 602,709.0
Sales per Employee 189.8
Gross cost land
and buildings 261,131.0 268,491.0
Gross cost other
tangible fixed assets 673,641.0 664,659.0
Gross cost total 934,772.0 933,150.0
Employees at year end 13,100
Employees inland 5,100
Employees abroad 8,000
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
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.
Note: The VAT number - CHE-116.284.625 MWST - is the Group VAT number.
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: There are no objections regarding the payment of financial
obligations.
Maximum Credit: 3,029,219 USD
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
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.