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MIRA INFORM REPORT
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Report No. : |
487349 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DAETWYLER GRAPHICS AG |
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Registered Office : |
Flugplatz 3368 Bleienbach/BE |
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Country : |
Switzerland |
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Date of Incorporation : |
16.12.2008 |
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Com. Reg. No.: |
036.3.043.590-8 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
·
Manufacture of
other machine tools ·
Treatment and
coating of metals ·
Wholesale of machine
tools |
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No. of Employees : |
50 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 2011-17.
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 |
Company name and address
Daetwyler Graphics AG
Operating address:
Flugplatz
3368 Bleienbach/BE
Switzerland/CH
Telephone: +41
627677575
Fax: +41 629193400
Web site: http://www.daetwyler-graphics.ch
E-mail: info@daetwyler-graphics.ch
WIN Worldbox No.: CH0008103103
VAT-No.: CHE-114.635.151 MWST
UID-No.: CHE114635151
Profile
Established: 2008
Line of Business: Machinery, Metal/steel, Industrial
goods wholesale
Industry Division: Manufacturing, Wholesale trade
Industry-code (NACE): 2849 Manufacture
of other machine tools
2561 Treatment and coating of metals
4662 Wholesale of machine tools
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 50
Sales: CHF 27,000,000.--
Activity
The company is the competence
center for high-precision roller and surface processing using turning, milling
and grinding machines and develops and produces the unique laser engraving
systems for the illustration (engraving) of the printing rollers with superior
quality for packaging, decorative and illustration printing.
Operations and Branches:
At the address, Flugplatz,
3368 Bleienbach, Switerzland, we find office of the company.
Real Estate
Real Estate: The company owns no property.
Company Register
Company No: 036.3.043.590-8
UID-No.: CHE114635151
Legal form: Company limited by shares
Registration: 16.12.2008
Legal status: active
Responsible Register: Handelsregister des Kantons Bern
History: Date of Incorporation
Statutes: 08.12.2008
Entry Deleted Name
16.12.2008 Daetwyler Graphics AG
Entry Deleted Legal domicile
16.12.2008 Bleienbach, Switzerland
Entry Deleted Address
16.12.2008 Flugplatz, 3368
Bleienbach/BE, Switzerland/CH
Entry Deleted Capital
16.12.2008 Share Capital CHF 250,000, paid
up CHF 250,000
Entry Deleted Capital Structure
16.12.2008 2,500 Registered shares of
CHF 100.--
Official Administration
Title Name
President Rid, Maximilian
Citizen: Germany
Residential address: Krailling, Germany
joint signature of two
Registered since: 23.02.2009
Director Pfiffner, Rolf
Citizen: Mels, Switzerland
Residential address: 5073 Gipf-Oberfrick,
Switzerland
joint signature of two
Registered since: 23.02.2009
Management
Title Name
Director Giglio, Enzo
Citizen: Zunzgen, Switzerland
Residential address: 4415 Lausen, Switzerland
joint signature of two
Registered since: 23.02.2009
Director Gygax, Daniel
Citizen: Bleienbach, Switzerland
Residential address: 3063 Bolligen,
Switzerland
joint signature of two
Registered since: 23.02.2009
Director Karg, Christian
Citizen: Luzern, Switzerland
Residential address: 5502 Hunzenschwil,
Switzerland
joint signature of two
Registered since: 23.02.2009
External Positions
Title Name
Auditor Treviso Revisions AG,
Residential address: St. Gallen, Switzerland
Id: CHE-105.491.025
Registered since: 16.12.2008
Ultimate Parent Company
Name: MRB Holding GmbH
City/Country: Krailling/Bayern, Germany/DE
Direct owner/-s
No. of owner/-s: 1
Owner: The company is foreign owned.
Class: 100%, directly held
Name: Heliograph Holding GmbH
City/Country: Krailling/Bayern, Germany/DE
Interest: 100,00% voting right, 100,00%
capital interest
Investments
It is believed that the
company has no investments.
Sisters
Name: Lüscher Technologies AG
City/Country: Bleienbach/BE, Switzerland/CH
Financial Data Heliograph Holding
GmbH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2016 31.12.2015 31.12.2014 31.12.2013
Number of months: 12 12 12 12
Currency: th.
EUR th. EUR th. EUR th. EUR
Statement norm: Local
GAAP Local GAAP
Balance Sheet
Intangible fixed assets 2,182.0 2,865.0 555.4 487.8
Land and buildings 642.0 465.0 507.9 484.8
Other tangible fixed assets 4,404.0 4,411.0 3,254.6 3,391.0
Tangible fixed assets 5,046.0 4,876.0 3,762.5 3,875.8
Financial fixed assets 1,250.0 1,256.0 1,539.7 1,421.3
other fixed assets 1,050.0 552.0
Fixed assets 9,528.0 9,549.0 5,857.6 5,784.9
Stocks 39,577.0 39,817.0 33,100.1 32,583.0
Trade accounts receivable 24,898.0 23,183.0 21,026.1 22,764.6
Cash & Cash Equivalents 42,603.0 45,359.0 40,775.6 44,308.5
Securities 2.0 301.9 97.3
other trade accounts 3,790.0 2,120.0 2,807.4 3,697.7
Accruals 1,413.0 921.0 591.7 685.3
Other current assets 47,808.0 48,400.0 44,476.6 48,788.8
Current assets 112,283.0 111,400.0 98,602.8 104,136.4
Total assets 121,811.0 120,949.0 104,460.4 109,921.3
Capital 200.0 200.0 200.0 200.0
Other shareholders funds 69,876.0 66,354.0 50,241.1 59,970.8
Total shareholders equity 70,076.0 66,554.0 50,441.1 60,170.8
Minority interests 502.0 1,158.0 586.4 1,093.9
Provisions 22,774.0 29,951.0 24,876.6 20,204.9
Non current liabilities 22,774.0 29,951.0 24,876.6 20,204.9
short term debt (financial debts) 235.0 280.0 7.3
Trade accounts payable 7,316.0 10,361.0 7,980.9 7,479.4
Provisions 553.0 625.0
Accruals 380.0 74.0 132.7 113.3
other accounts payable 19,975.0 11,946.0 20,442.7 20,851.7
other current liabilities 20,908.0 12,645.0 20,575.4 20,965.0
Current liabilities 28,459.0 23,286.0 28,556.3 28,451.7
Shareh. equity, min. int. & liabilities 121,811.0 120,949.0 104,460.4 109,921.3
Profit and loss account
Sales 156,733.0 173,655.0
Net sales 156,733.0 173,655.0 158,266.9 129,406.1
Other operating revenue 10,365.0 8,396.0 4,968.7 4,549.0
Operating revenue 167,098.0 182,051.0 163,235.6 133,955.1
Cost of goods sold 69,249.0 75,281.0 71,429.8 61,124.6
Gross profit 97,849.0 106,770.0 91,805.8 72,830.5
Other operating expenses 78,596.0 83,247.0 67,080.1 65,502.1
Operating result 19,253.0 23,523.0 24,725.7 7,328.4
Interest revenues 136.0 105.0 98.3 115.9
other financial revenues 611.0 854.8 282.5
Financial income 136.0 716.0 953.1 398.4
Interest expenses 457.0 488.0 457.2 1,129.9
other financial expenses 244.0 61.8 3.0
Financial expenses 701.0 488.0 519.0 1,132.9
Financial result -565.0 228.0 434.1 -734.5
Result before extraordinary items 18,688.0 23,751.0 25,159.8 6,593.9
Result before taxes 18,688.0 23,751.0 25,159.8 6,593.9
Taxes 5,431.0 7,936.0 7,439.8 4,378.1
Result before minority interests 13,257.0 15,815.0 17,720.0 2,215.8
minority interests 152.2 139.7
Result for the financial year 13,257.0 15,815.0 17,567.8 2,076.1
Cash flow
Depreciation 2,633.0 1,428.4 2,201.2
Cash flow 15,890.0 15,815.0 19,148.4 4,417.0
Cash flow from operating activities 9,759.0 28,553.0 10,418.0
Investments in tangible fixed assets 1,690.0 1,259.0 1,947.0
Cash flow from investing activities -2,125.0 -1,321.0 -3,330.0
Cash flow from financing activities -10,164.0 -31,225.0 -99.0
Others -237.0 461.0 -1,328.0
Change in liquidity -2,767.0 -3,532.0 5,661.0
Liquidity at beginning of the year 45,135.0 44,309.0 38,647.0
Liquidity at end of the year 42,368.0 40,777.0 44,308.0
Notes
Material costs 70,315.0 69,514.9 63,032.8
Cost of employees 42,602.0 37,421.0 35,396.6
Added value 64,380.0 64,466.4 45,321.6
Working Capital 57,159.0 46,145.3 47,868.2
Net Current Assets 83,824.0 88,114.0 70,046.5 75,684.7
Sales per Employee 283.4 309.5 337.5 278.3
Gross cost land and buildings 1,486.0 1,324.0
Gross cost other tangible fixed assets 12,783.0 12,353.0
Gross cost total 14,269.0 13,677.0
Employees at
year end 553 561 470 467
Employees
average 557 530 465 469
Financials
Balance sheet
publication:
The subject company does
not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
17.08.2012 2012 0 Legal actions
31.12.2011 2011 0 Legal actions
31.12.2010 2010 0 Legal actions
31.12.2009 2009 0 Legal actions
31.12.2008 2008 0 Legal actions
No legal actions
determined.
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
We did not find the company
included on the various international sanctions lists, such as the OFAC (Office
of Foreign Assets Control), the BIS (Bureau of Industry and Security), the
European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
Payment experiences
Payment experiences are
considered to be in order.
Remarks
- Based on the positive
financial situation of the parent company we deem stated credit as acceptable.
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 considered to
be in order.
Payment experiences: There are no objections regarding the payment
of financial obligations.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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CHF |
1 |
INR 68.19 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
DNS |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.