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MIRA INFORM REPORT
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Report No. : |
511243 |
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Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BYSTRONIC MASCHINEN AG |
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Registered Office : |
Industriestrasse 5, 4922 Bützberg/BE |
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Country : |
Switzerland |
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Year of Establishment : |
1914 |
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Com. Reg. No.: |
053.3.005.373-9 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
· Manufacturer of Other Machine Tools · The company engages in the development, production and distribution of technically advanced systems for fully automatic cutting, breaking, grinding, drilling and handling of flat glass. |
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No. of Employees : |
250-399 |
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 : |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 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.
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Source
: CIA |
Company name and address
BYSTRONIC
MASCHINEN AG
Operating address:
Industriestrasse 5
4922 Bützberg/BE
Switzerland/CH
Telephone: +41 62
9587777
Fax: +41
62 9587711
Web
site: http://www.bystronic-glass.com
E-mail: info@bystronic-glass.com
WIN
Worldbox No.: CH0000020994
VAT-No.: CHE-101.051.756 MWST
UID-No.: CHE101051756
Profile
Established: 1914
Line of Business: Machinery,
Industrial goods wholesale
Industry Division: Manufacturing,
Wholesale trade
Industry-code (NACE): 2849 Manufacture of
other machine tools
4662 Wholesale of machine tools
Import/Export: Export
Quality certification: ISO 9001:2008
Banks: UBS
Ltd
Operational
Figures
Coverage: Group
Figures: estimated
Financial year: 2017
Employees: 250-399
Sales: CHF
200-400 Mio
Activity
The company engages in the development,
production and distribution of technically advanced systems for fully automatic
cutting, breaking, grinding, drilling and handling of flat glass.
Operations
and Branches:
At the address, Industriestrasse 5, 4922
Bützberg, Switzerland, we find office of the company.
Real Estate
Real
Estate: It is understood
that the company owns certain property.
Company
Register
Company No: 053.3.005.373-9
UID-No.: CHE101051756
Legal form: Company
limited by shares
Registration: 05.05.1965
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Bern
History: Date of Statutes:
23.02.1995
Date of
Statutes: 03.03.1965
Date of Incorporation Statutes: 12.08.1964
Date
of Statutes: 26.08.2016
Entry Deleted Name
active Bystronic
Maschinen AG
Entry Deleted Legal domicile
active Thunstetten,
Switzerland
removed Pfäffikon, Switzerland
Entry Deleted Address
14.07.2005 Industriestrasse
5, 4922 Bützberg/BE, Switzerland/CH
14.07.2005 Industriestrasse 3, 4922 Bützberg/BE,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
active 100
Registered shares of CHF 1,000.--
Official Administration
Title Name
President Willome,
Michael
Citizen:
Biel/Bienne, Switzerland
Residential
address: Binningen, Switzerland
joint
signature of two
Registered
since: 05.04.2017
Director Kelterborn,
Kaspar
Citizen:
Basel, Switzerland
Residential
address: Altendorf, Switzerland
Born:
1964
joint
signature of two
Registered
since: 28.06.2006
Director Senn,
Barbara
Citizen:
Unterkulm, Switzerland
Residential
address: Winterthur, Switzerland
joint
signature of two
Registered
since: 16.03.2015
Management
Title Name
General
Manager Prange,
Robert
Citizen:
Germany
Residential
address: Wasen im Emmental (Sumiswald), Switzerland
joint
signature of two
Registered
since: 14.11.2011
Member
of the management Kraus, Robert
Citizen:
Germany
Residential
address: Lyss, Switzerland
joint
power of attorney of two
Registered
since: 16.01.2009
Member
with signing authority Schneider,
Burghard Claudius
Citizen:
Germany
Residential
address: Illertissen, Germany
joint
signature of two
Registered
since: 01.05.2014
Member
with procuration Gygax, Sabine
Eva
Citizen:
Seeberg, Switzerland
Residential
address: Grafenried (Fraubrunnen), Switzerland
joint
power of attorney of two
Registered
since: 07.07.2017
Member
with procuration Lanz, Stefan
Citizen:
Huttwil, Switzerland
Residential
address: Rothrist, Switzerland
joint
power of attorney of two
Registered
since: 01.05.2014
Member
with procuration Seiler
Müller, Regula
Citizen:
Boswil, Liestal, Switzerland
Residential
address: Oftringen, Switzerland
Born:
06.04.1960
joint
power of attorney of two
Registered
since: 29.10.2003
Member
with procuration Yepes,
José-Luis
Citizen:
Worb, Switzerland, Spain
Residential
address: Aesch/BL, Switzerland
joint
power of attorney of two
Registered
since: 25.11.2014
External Positions
Title Name
Auditor KPMG AG,
Residential
address: Muri bei Bern, Switzerland
Id:
CHE-229.062.543
Registered
since: 29.11.2007
Ultimate Parent Company
Name: Conzzeta AG
City/Country: Zürich/ZH, Switzerland/CH
Direct owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%, directly held
Name: Conzzeta AG
City/Country: Zürich/ZH, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 1994)
Investments
Class: 100%, directly held
Name: Bystronic Asia Pte Ltd
City/Country: Singapore, Singapore/SG
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%, directly held
Name: Bystronic Glass do
Brasil Ltda
City/Country: Indaiatuba/Sao Paulo, Brazil/BR
Interest: 100,00% voting right,
100,00% capital interest (since 2004)
Class: 100%, directly held
Name: Bystronic Glass, Inc.
City/Country: Aurora/Colorado, United States
of America/US
Interest: 100,00% voting right,
100,00% capital interest (since 2007)
Class: 100%, directly held
Name: Bystronic Glass Machinery
(Shanghai) Co Ltd
City/Country: Shanghai, China/CN
Interest: 100,00% voting right,
100,00% capital interest (since 2008)
Class: 100%, directly held
Name: Bystronic Glass
(Shanghai) Co Ltd
City/Country: Shanghai, China/CN
Interest: 100,00% voting right,
100,00% capital interest (since 2006)
Class: 100%, directly held
Name: Bystronic Glass UK
Limited
City/Country: Telford/Shropshire, United
Kingdom/GB
Interest: 100,00% voting right,
100,00% capital interest (since 2000)
Class: 100%, directly held
Name: OOO Bystronic Steklo
RUS
City/Country: Moskau, Russia/RU
Interest: 100,00% voting right,
100,00% capital interest (since 2005)
Class: 0-9%, directly held
Name: Bystronic Lenhardt
GmbH
City/Country: Neuhausen-Hamberg, Germany/DE
Interest: 5,09% voting right,
5,09% capital interest
Sisters
Name: Bystronic Laser AG
City/Country: Niederönz/BE, Switzerland/CH
Name: Conzzeta Holding
Deutschland AG
City/Country: Leverkusen, Germany/DE
Name: Conzzeta Management AG
City/Country: Zürich/ZH, Switzerland/CH
Name: Fritz Nauer AG
City/Country: Wolfhausen/ZH, Switzerland/CH
Name: ixmation AG
City/Country: Kestenholz/SO, Switzerland/CH
Name: IXMATION (ASIA) SDN
BHD
City/Country: PENANG, Malaysia/MY
Name: Ixmation Inc
City/Country: Bloomingdale,
United States of America/US
Name: Mammut Sports Group AG
City/Country: Seon/AG, Switzerland/CH
Name: Schmid Rhyner AG
City/Country: Adliswil/ZH, Switzerland/CH
Financial Data Conzzeta AG
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2017 31.12.2016 31.12.2015 31.12.2014 31.12.2013
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th.
CHF th. CHF
Statement norm: Local GAAP Local GAAP Local
GAAP Local GAAP Local GAAP
Balance Sheet
Intangible fixed
assets 15,400.0 8,400.0 9,000.0 8,678.0 9,824.0
Land and buildings 151,300.0 130,300.0 140,900.0 239,700.0 232,300.0
Other tangible
fixed assets 92,100.0 69,100.0 61,600.0 74,484.0 73,767.0
Tangible fixed
assets 243,400.0 199,400.0 202,500.0 314,184.0 306,067.0
Financial fixed assets 70,900.0 70,400.0 59,300.0 53,550.0 47,074.0
other fixed assets 0.0 0.0 0.0
Fixed assets 329,700.0 278,200.0 270,800.0 376,412.0 362,965.0
Stocks 290,100.0 239,500.0 227,600.0 256,222.0 243,852.0
Trade accounts receivable 237,000.0 191,400.0 148,500.0 163,221.0 178,625.0
Cash & Cash Equivalents 349,100.0 469,800.0 410,800.0 608,981.0 450,376.0
Securities 50,000.0 50,000.0 130,000.0 8,148.0 56,422.0
other trade accounts 39,500.0 19,900.0 21,700.0 33,709.0 34,259.0
Accruals 27,900.0 6,600.0 12,300.0 4,420.0 10,059.0
Other current
assets 466,500.0 546,300.0 574,800.0 655,258.0 551,116.0
Current assets 993,600.0 977,200.0 950,900.0 1,074,701.0 973,593.0
Total assets 1,323,300.0 1,255,400.0 1,221,700.0 1,451,113.0 1,336,558.0
Capital 4,100.0 4,100.0 4,100.0 5,175.0 46,000.0
Other shareholders
funds 880,700.0 930,500.0 955,800.0 1,127,605.0 964,871.0
Total shareholders
equity 884,800.0 934,600.0 959,900.0 1,132,780.0 1,010,871.0
Minority interests 18,100.0 6,900.0 0.0 0.0 0.0
long term debt
(financial debts) 2,600.0 3,300.0 6,500.0 6,831.0 7,912.0
Provisions 50,400.0 40,600.0 39,800.0 56,404.0 63,579.0
Other non current
liabilities 700.0 700.0 1,800.0 2,156.0 1,162.0
Non current liabilities 53,700.0 44,600.0 48,100.0 65,391.0 72,653.0
short term debt (financial debts) 7,200.0 800.0 7,100.0 5,756.0 8,205.0
Trade accounts
payable 108,800.0 141,000.0 74,200.0 87,322.0 83,401.0
Provisions 36,800.0 27,200.0 22,500.0 21,775.0 22,818.0
Accruals 102,200.0 75,900.0 62,500.0 76,135.0 70,581.0
other accounts
payable 111,700.0 24,400.0 47,400.0 61,954.0 68,029.0
other current
liabilities 250,700.0 127,500.0 132,400.0 159,864.0 161,428.0
Current
liabilities 366,700.0 269,300.0 213,700.0 252,942.0 253,034.0
Shareh. equity,
min. int. & liabilities 1,323,300.0 1,255,400.0 1,221,700.0 1,451,113.0 1,336,558.0
Profit and loss account
Sales 1,482,800.0
Net sales 1,482,800.0 1,214,300.0 1,140,800.0 1,195,731.0 1,193,974.0
Other operating revenue 18,200.0 800.0 8,689.0 7,423.0
Operating revenue 1,501,000.0 1,215,100.0 1,140,800.0 1,204,420.0 1,201,397.0
Cost of goods sold 722,700.0 574,200.0 542,900.0 568,379.0 579,211.0
Gross profit 778,300.0 640,900.0 597,900.0 636,041.0 622,186.0
Other operating
expenses 655,100.0 556,500.0 517,100.0 531,720.0 534,483.0
Operating result 123,200.0 84,400.0 80,800.0 104,321.0 87,703.0
Interest revenues 4,100.0 1,200.0 5,381.0 4,143.0
other financial
revenues 2,100.0 100.0 140.0 125.0
Financial income 2,100.0 4,200.0 1,200.0 5,521.0 4,268.0
Interest expenses 3,700.0 3,800.0 600.0 1,200.0
other financial
expenses 100.0 0.0 0.0
Financial expenses 3,700.0 3,900.0 600.0 1,200.0
Financial result 2,100.0 500.0 -2,700.0 4,921.0 3,068.0
Result before
extraordinary items 125,300.0 84,900.0 78,100.0 109,242.0 90,771.0
Extraordinary
income 2,984.0
Extraordinary
expenses 600.0 23,739.0
Extraordinary
Result -600.0 -23,739.0 2,984.0
Result before
taxes 125,300.0 84,900.0 77,500.0 85,503.0 93,755.0
Taxes 27,900.0 21,000.0 18,200.0 24,097.0 19,996.0
Result before
minority interests 97,400.0 63,900.0 59,300.0 61,406.0 73,759.0
minority interests 13,700.0 3,700.0 312.0
Result for the
financial year 83,700.0 60,200.0 59,300.0 61,406.0 73,447.0
Cash flow
Depreciation 27,900.0 26,500.0 27,900.0 30,476.0 31,919.0
Cash flow 111,600.0 90,400.0 87,200.0 91,882.0 105,678.0
Cash flow from
operating activities 94,100.0 96,000.0 86,800.0 103,977.0 115,690.0
Investments in
tangible fixed assets 29,200.0 19,600.0 16,000.0 22,058.0 20,000.0
Cash flow from
investing activities -190,100.0 -3,100.0 -146,900.0 -30,560.0 -4,024.0
Cash flow from
financing activities -26,700.0 -33,100.0 -134,600.0 85,604.0 -15,641.0
Others 2,000.0 -800.0 -3,500.0 -416.0 -1,134.0
Change in
liquidity -120,700.0 59,000.0 -198,200.0 158,605.0 94,891.0
Liquidity at
beginning of the year 469,800.0 410,800.0 609,000.0 450,376.0 355,485.0
Liquidity at end
of the year 349,100.0 469,800.0 410,800.0 608,981.0 450,376.0
Notes
Material costs 740,800.0 574,200.0 540,600.0 568,379.0 579,211.0
Cost of employees 339,500.0 304,100.0 283,600.0 298,107.0 287,465.0
Added value 492,700.0 419,200.0 393,400.0 414,686.0 414,339.0
Working Capital 418,300.0 289,900.0 301,900.0 332,121.0 339,076.0
Net Current Assets 626,900.0 707,900.0 737,200.0 821,759.0 720,559.0
Sales per Employee 314.4 318.4 333.1 341.6 333.1
Market capitalisation 1,856,232.0 1,490,400.0 1,167,453.0 1,752,000.0 954,040.0
Gross cost land and buildings 298,800.0 277,600.0 275,100.0 510,500.0 496,500.0
Gross cost other tangible fixed assets 301,200.0 271,600.0 265,400.0 279,100.0 264,800.0
Gross cost total 600,000.0 549,200.0 540,500.0 789,600.0 761,300.0
Insurance value
land and buildings 601,200.0 611,200.0
Insurance value
other tang. fixed assets 920,400.0 305,900.0
Insurance value
total 1,521,600.0 917,100.0
Employees at year end 4,717 4,098 3,479 3,337 3,548
Full time units at
year end 4,328 3,814 3,425 3,500 3,584
Employees inland 1,134
Employees abroad 2,414
Financials
Balance sheet publication:
The subject company does not publish
financial figures.
Legal Actions
Control date Year No. Amount CHF Status
28.02.2018 2018 0 Legal
actions
31.12.2017 2017 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 1 30,000,000.-- Opposition filed
31.12.2012 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
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 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 ultimate 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 in order.
Payment
experiences: Financial obligations are
paid promptly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.82 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
|
CHF |
1 |
INR 68.19 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
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Report Prepared
by : |
NIT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.