MIRA INFORM REPORT

Report No. :	516460
Report Date :	22.06.2018

IDENTIFICATION DETAILS

Name :	METROHM AG
Registered Office :	Ionenstrasse, 9100 Herisau
Country :	Switzerland
Financials (as on) :	2014 [Summarized]
Date of Incorporation :	20.02.1943
Com. Reg. No.:	CH-300.3.012.064-1
Legal Form :	Limited Company - AG/SA
Line of Business :	Subject is engaged in the manufacture of precision instruments for chemical analysis
No. of Employees :	160 [2018]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Unknown
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

Country Name	Previous Rating (31.12.2017)	Current Rating (01.04.2018)
Switzerland	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.

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.

Source : CIA

Summary

Company name	METROHM AG
Operative address	Ionenstrasse 9100 Herisau Switzerland
Status	Active

Legal form	Limited Company - AG/SA
Registration number	Trade register number: CH-300.3.012.064-1

Contact information

Company name	METROHM AG
Trade names	METROHM SA
Operative address	Ionenstrasse 9100 Herisau Switzerland
Correspondence address	Ionenstrasse 9100 Herisau Switzerland

Telephone number	+41 71 3538585
Fax number	+41 71 3538901
Email address	info@metrohm.com
Website	www.metrohm.com

Registration

Registration number	Trade register number: CH-300.3.012.064-1
Status	Active
Establishment date	1943-02-20

Legal form	Limited company - AG/SA
Subscribed share capital	CHF 200.000

Activities

NACE	2651: Vervaardiging van meet-, controle- en navigatie-instrumenten en -Equipment
Goal	Engaged in the manufacture of precision instruments for chemical analysis

Management

Management

Fullname: Dr. Christoph Carl Fassler Type: Individual Gender: Male date of birth: 1952/09/13 Age: 65 Country: Switzerland Number of involvements: 20 Function: President of the Board of Directors Level of responsibility: President / Chairman Appointment date: 2016/06/27 Fullname: Dr. Urban Slongo Type: Individual Gender: Male Country: Switzerland Number of involvements: 5 Function: Vice President Level of responsibility: Vice President / Vice Chairman; Deputy executive Appointment date: 2008/08/13 Fullname: Mr Alain Luchsinger Type: Individual Gender: Male Country: Switzerland Number of involvements: 15 Function: Member Level of responsibility: Member Appointment date: 2017/11/20 Fullname: Dr. Jorg Muller Type: Individual Gender: Male date of birth: 1960 Age: 58 Country: Switzerland Number of involvements: 4 Function: Member Level of responsibility: Member Appointment date: 2017/11/20 Fullname: Mr Bruno Alfred Robert Winterhalter Type: Individual Gender: Male date of birth: 1954/12/23 Age: 63 Country: Switzerland Number of involvements: 17 Function: Director and Chief Executive Officer Level of responsibility: Member; Highest executive Appointment date: 2010/06/03 Fullname: Mr Bruno Alfred Robert Winterhalter Type: Individual Gender: Male date of birth: 1954/12/23 Age: 63 Country: Switzerland Number of involvements: 17 Function: Secretary Outside of the Board of Directors and Chief Executive Officer Level of responsibility: Other & unspecified; Senior Management employee Appointment date: 2010/06/03 Fullname: Mr Andreas Azzato Type: Individual Gender: Male Country: Switzerland Number of involvements: 6 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2012/01/19 Fullname: Mr Thomas Blaser Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2012/01/19 Fullname: Mr Uwe Loyall Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2010/11/21 Fullname: Mr Francisco Nebril Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2012/01/19 Fullname: Mr Francisco Nebril Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Decision Maker Sales Level of responsibility: Sales executive Appointment date: 2015/04/21 Fullname: Mr Reto Steurer Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2010/11/21 Fullname: Dr. Volker Joerg Frost Type: Individual Gender: Male date of birth: 1966/03/07 Age: 52 Country: Switzerland Number of involvements: 10 Function: Director Level of responsibility: Unspecified executive Appointment date: 2017/12/27 Fullname: Mr Andreas Golem Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Vice-Director Level of responsibility: Unspecified executive Appointment date: 2017/06/21 Fullname: Mr Patrick Hunziker Type: Individual Gender: Male Country: Switzerland Number of involvements: 6 Function: Vice-Director Level of responsibility: Unspecified executive Appointment date: 2012/11/06 Fullname: Mr Tim Eric Laise Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Vice-Director Level of responsibility: Unspecified executive Appointment date: 2017/06/21 Fullname: Mr Marcel Heinrich Lingenhag Type: Individual Gender: Male date of birth: 1967/12/20 Age: 50 Country: Switzerland Number of involvements: 4 Function: Director Level of responsibility: Unspecified executive Appointment date: 2017/12/27 Fullname: Mr Herbert Muller Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Vice-Director Level of responsibility: Unspecified executive Appointment date: 2010/01/08 Fullname: Mr Markus Steinke Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Director Level of responsibility: Unspecified executive Appointment date: 2017/12/27 Fullname: Mr DIETER Achim Strohm Type: Individual Gender: Male date of birth: 1964 Age: 54 Country: GERMANY Number of involvements: 11 Function: Director Level of responsibility: Unspecified executive Appointment date: 2010/06/03 Fullname: Dr. Kai Henning Viehweger Type: Individual Gender: Male date of birth: 1961/08/21 Age: 56 Country: Switzerland Number of involvements: 3 Function: Director Level of responsibility: Unspecified executive Appointment date: 2010/06/03 Fullname: Mr Daniel August Wager Type: Individual Gender: Male date of birth: 1964 Age: 54 Country: Switzerland Number of involvements: 6 Function: Director Level of responsibility: Unspecified executive Appointment date: 2017/12/27 Fullname: Mr Stefan Walther Type: Individual Gender: Male Country: Switzerland Number of involvements: 2 Function: Director Level of responsibility: Unspecified executive Appointment date: 2017/12/27

Employees

Year	2018	2017	2016	2015	2014
Annual	160	160	160	160	160

Financial analysis

Trend	Can not be evaluated due to the lack of sufficient financial data
Profitability	Can not be evaluated
Solvability	Can not be evaluated
Liquidity	Negative
Show amount in	Euro

Key figures

Year	2014
Turnover	229.001.219

Financial statement

Auditor	Name: von Gunten, Haseli & Partner AG, St. Gallen date: 2013-01-15
Last annual account	2014
Remark annual account	There is no financial data published

Type of annual account	Corporate
Annual account	Metrohm AG Ionenstrasse 9100 Herisau Switzerland

Profit and loss

Year	2014
Net turnover	229.001.219

Country information

Population	8.3 million
GDP per capita	80.346 USD
Country risk	Very Low
Company risk	Very Low

Publications

Remarks

Status: Active Category: Large company Last year: 2018 Number of employees: 160 Number of shareholders: 0 Number of subsidiaries: 0 Number of branches: 0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.20
UK Pound	1	INR 89.58
Euro	1	INR 78.79
CHF	1	INR 68.53

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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