MIRA INFORM REPORT

Report No. :	517468
Report Date :	27.06.2018

IDENTIFICATION DETAILS

Name :	WILLY A. BACHOFEN AG
Registered Office :	Junkermattstrasse 11, 4132 Muttenz
Country :	Switzerland
Date of Incorporation :	28.02.1938
Com. Reg. No.:	CH-270.3.000.419-8
Legal Form :	Limited company - AG/SA
Line of Business :	· Subject engaged in the production and supply of mixers and grinding mills · Manufacture of other general-purpose machinery n.e.c.
No. of Employees :	75

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow but Correct
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

COMPANY Summary

Company name	Willy A. Bachofen AG
Operative address	Junkermattstrasse 11 4132 Muttenz Switzerland
Status	Active

Legal form	Limited company - AG/SA
Registration number	Trade register number: CH-270.3.000.419-8

Contact information

Company name	Willy A. Bachofen AG
Operative address	Junkermattstrasse 11 4132 Muttenz Switzerland
Correspondence address	Junkermattstrasse 11 4132 Muttenz Switzerland

Telephone number	+41 61 6867100
Fax number	+41 61 6867110
Email address	wab@wab.ch
Website	www.wab.ch

Registration

Registration number	Trade register number: CH-270.3.000.419-8
Status	Active
Establishment date	1938-02-28

Legal form	Limited company - AG/SA
Subscribed share capital	CHF 500.000

Activities

NACE	2829: Manufacture of other general-purpose machinery n.e.c.
Goal	Engaged in the production and supply of mixers and grinding mills

Relations

Shareholders

ULTIMATE GLOBAL SHAREHOLDER Name: UNTERNEHMENSSTIFTUNG WILLY A. BACHOFEN AG National id number: CH-270.7.002.553-0 Address: c/o Martin Hug City: BASEL Country: CH Phone: +41 61 2608181 Fax: +41 61 6867110 Type: Foundation, research Institute Share direct: 100.00% Share total: 100.00% SHAREHOLDERS Name: UNTERNEHMENSSTIFTUNG WILLY A. BACHOFEN AG National id number: CH-270.7.002.553-0 Address: c/o Martin Hug City: BASEL Country: CH Phone: +41 61 2608181 Fax: +41 61 6867110 Type: Foundation, research Institute Share direct: 100.00% Number of employees: 35

Structure

SUBSIDIARIES Name: WAB MACHINERY (SHENZHEN) CO. LTD City: SHENZHEN Country: CN Type: Corporate Share direct: 100.00% Name: WILLY A BACHOFEN GMBH . City: NIDDERAU-HELDENBERGEN Country: DE Type: Corporate Share direct: 100.00% Name: WILLY A BACHOFEN SARL National id number: 313607509-00053 Address: 3 RUE PAUL HENRI SPAAK City: SAUSHEIM Country: FR Type: Corporate Phone: +33 3 89 31 17 00 Fax: +33 3 89 61 89 94 Website: www.wab.fr Share direct: 100.00% Turnover: 2.38816951 mil. CHF Total assets: 1.717645 mil. CHF Profit loss before tax: 0.16327684 mil. CHF Profit loss after tax net income: 0.12844421 mil. CHF Shareholders funds: 1.57479401 mil. CHF Name: WILLY A. BACHOFEN SARL City: SAUSHEIM Country: FR Type: Corporate Share direct: 100.00% Name: WILLY A. BACHOFEN UK LIMITED National id number: 05367368 Address: Unit 4 Brownfields Court City: WELWYN GARDEN CITY Country: GB Type: Corporate Phone: +44 1707327777 Website: www.wab.uk.com Share direct: 100.00% Total assets: 0.14230155 mil. CHF Shareholders funds: -0.04999939 mil. CHF Name: WAB MACHINERY (SHENZHEN) CO., LTD. National id number: 440301503333052 Address: No.1 Factory Building, Guanghui Science Park, Minqing Road, Longhua Sub-district City: SHENZHEN Country: CN Type: Corporate Phone: +86 075528135108 Fax: +86 075528135008 Website: www.wab.ch Share direct: 65.00% Turnover: 3.08320023 mil. CHF Total assets: 3.32036947 mil. CHF Profit loss before tax: 0.09911791 mil. CHF Profit loss after tax net income: 0.16358819 mil. CHF Shareholders funds: 1.66833498 mil. CHF Name: WILLY A. BACHOFEN GMBH National id number: HRB 6806 (Hanau) Address: Liebigstr. 16 City: NIDDERAU Country: DE Type: Corporate Phone: +49 6187 93940 Fax: +49 6187 939429 Website: www.wab-group.com Share direct: 61.00% Turnover: 3.89906244 mil. CHF Total assets: 1.53685673 mil. CHF Shareholders funds: 1.24277322 mil. CHF Number of employees: 6 Name: WAB SERVICES GMBH National id number: CH-280.4.016.600-2 Address: Junkermattstrasse 11 City: MUTTENZ Country: CH Type: Financial company Phone: +41 61 6867100 Number of employees: 1

Management

Management

Fullname: lic. iur. Martin Philipp Hug Type: Individual Gender: Male Country: Switzerland Number of involvements: 22 Function: President of the Board of Directors Level of responsibility: President / Chairman Appointment date: 2008/05/01 Fullname: Mr Hanspeter Luthi Type: Individual Gender: Male Country: Switzerland Number of involvements: 4 Function: Member Level of responsibility: Member Appointment date: 1998/10/24 Fullname: Mr Michael Bannwarth Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2010/11/22 Fullname: Mr Michael Bannwarth Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Decision Maker Sales Level of responsibility: Sales executive Appointment date: 2015/04/21 Fullname: Mr Harald Frommherz Type: Individual Gender: Male date of birth: 1956/04 Age: 62 Country: GERMANY Number of involvements: 6 Function: Management and Chief Executive Officer; Delegate and Chief Executive Officer Level of responsibility: Proxyholders; Highest executive Appointment date: 1999/08/07 Fullname: Mr Richard Graber Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2014/11/17 Fullname: Mr Richard Graber Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Decision Maker Finances Level of responsibility: Financial executive Appointment date: 2015/04/21 Fullname: Mr Richard Graber Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Decision Maker Personnel Level of responsibility: Human Resource executive Appointment date: 2015/04/21 Fullname: Mr Erich Jeker Type: Individual Gender: Male Country: Switzerland Number of involvements: 1 Function: Authorized Officer Level of responsibility: Proxyholders; Representative Appointment date: 2010/11/22

Employees

Year	2018	2017	2016	2015	2014
Annual	75	75	75	75	75

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	Limited
Show amount in	Euro

Key figures

Year	2015
Turnover	254.606.251

Financial statement

Auditor	Name: rm treuhand gmbh date: 2008-05-02
Last annual account	2015
Remark annual account	There is no financial data published

Type of annual account	Corporate
Annual account	Willy A. Bachofen AG Junkermattstrasse 11 4132 Muttenz Switzerland

Profit and loss

Year	2015
Net turnover	254.606.251

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: Medium sized company Last year: 2018 Number of employees: 75 Number of shareholders: 1 Number of subsidiaries: 8 Number of branches: 0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.17
UK Pound	1	INR 90.47
Euro	1	INR 79.74
CHF	1	INR 69.29

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

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	KET

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.