Uster Technologies Ltd | Annual Report 2009 Uster Technologies ...

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Corporate GovernanceThe information disclosed in this section follows the Directive on Information Relating to Corporate Governanceissued by the SIX Swiss Exchange and complies largely with the Swiss Code of Best Practice for CorporateGovernance issued by Economiesuisse. Uster Technologies Ltd has implemented these principles of good corporategovernance in its articles of association, its organizational rules and its code of conduct.All information shown in this section applies to the balance sheet date if not indicated otherwise. Significantchanges between the balance sheet date and the copy deadline of the annual report are listed under “10 MaterialChanges since the Balance Sheet Date” at the end of this section.Further information on Corporate Governance can be found by visiting Uster Technologies Ltd’s website atwww.uster-investors.com/governance.php.1 Group Structure and Shareholders1.1 Group Structure1.1.1 Operational StructureThe operational structure of the Uster Group is illustrated below:Board of Directors5 membersChairman Max-Ulrich ZellwegerExecutive Committee9 membersCEO Geoffrey ScottFinance and SupportCFOThomas F. DressendörferU.S. OperationsHossein GhorashiSales and ServiceHarold HokeAsian OperationsNaiming WeiTextile TechnologyRichard FurterOrder FulfillmentRenato MurkResearch and InnovationRafael StorzMarketing and BusinessDevelopmentDeniz Bütüner26 Uster Technologies Ltd | Annual Report 2009
1.1.2 Listed Companies within the GroupUster Technologies Ltd, Uster, Switzerland, is the parent company of the Uster Group and has been listedaccording to the Main Standard of the SIX Swiss Exchange since October 19, 2007. It is the sole listed companywithin the Group.Market capitalization CHF 225,882,000SIX Swiss ExchangeUSTNSwiss Security Number 3433153ISINCH00343315351.1.3 Non-Listed Companies within the GroupThe table below shows an overview of the non-listed companies of the Uster Group as of December 31, 2009:Company% Capital ShareholdingsDec 31, 2009Share Capital in 1,000Uster Technologies de Mexico S.A. de C.V.(Tlalnepantla, MX) 100% MXN 6,250Uster Technologies GmbH(Neuss, DE) 100% EUR 26Uster Technologies (India) Pvt. Ltd(Bangalore, IN) 100% INR 4,950Uster Technologies K.K.(Osaka-fu, JP) 100% JPY 10,000Uster Technologies (Shanghai) Co. Ltd(Shanghai, CN) 100% CNY 1,660Uster Technologies (Suzhou) Co. Ltd(Suzhou, CN) 100% CNY 20,185Uster Technologies Sulamericana Ltda.(Alphaville-Barueri SP, BR) 100% BRL 650Uster Technologies (Thailand) Ltd(Bangkok, TH) 100% THB 6,000Uster Technologies Holding (Thailand) Ltd(Bangkok, TH) 100% THB 1,000Uster Technologies, Inc.(Knoxville, US) 100% USD 100Uster Teknoloji Ticaret A.S.(Istanbul, TR) 100% TRY 501.2 Significant ShareholdersAs of December 31, 2009, 1017 shareholders (2008: 966) were registered in the share register of Uster TechnologiesLtd. In the course of 2009 the following disclosure announcements were made according to art.20 f. BEHG:• February 2, 2009 (SHAB Publication): Geoffrey Scott, CH-Zollikon, increased his holding in the Company’sshare capital on January 27, 2009, to 203,000 shares corresponding to 3.09 voting rights.• November 5, 2009 (SHAB Publication): Following the Company’s increase in share capital as of November2, the stake owned by Geoffrey Scott (meanwhile moved to CH-Erlenbach) decreased to less than 3%of voting rights.Corporate Governance 27
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Page 3 and 4: Achievements 2009• EBITA margin m
Page 5: PortraitThe Uster Group is the lead
Page 8 and 9: Table of ContentsInhaltsverzeichnis
Page 10 and 11: Max-Ulrich Zellweger, Geoffrey Scot
Page 12 and 13: Quality means the customercomes bac
Page 14 and 15: Operational ReviewOperativer Rückb
Page 16 and 17: Inconsistent quality meansloss of p
Page 18 and 19: position as the world leader and au
Page 20 and 21: Poor quality can destroybrand reput
Page 22 and 23: Sales and MarketingVertrieb und Mar
Page 24 and 25: The hidden cost of poor qualityThin
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Page 28 and 29: OperationsProduktion und LogistikIn
Page 30 and 31: OutlookAusblickSeveral trends and l
Page 34 and 35: • On February 10, 2009, Lombard O
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Page 48 and 49: 4 Executive Committee4.1 Members of
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Page 56 and 57: Comment on the Consolidated Financi
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8.4 Personnel Expensein CHF 1,000 J
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12 Intangible Assetsin CHF 1,000 Cu
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13 Impairment Testing of Goodwill a
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14 Property, Plant and Equipmentin
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The changes in the present value of
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16 Income TaxStatement of Comprehen
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Movements in Temporary DifferencesT
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The ageing of these receivables is
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21.3 DividendsThe holders of regist
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Restructuring ProvisionsThe Company
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26 Operating Lease CommitmentsNon-c
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Report of the Statutory Auditor on
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Uster Technologies Ltd - Financial
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Uster Technologies Ltd - Notes to t
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10 Investments in SubsidiariesAs of
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Executive Committeein CHF 2008Name
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Report of the Statutory Auditor on
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Information for InvestorsShare Info
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Key Figuresin CHF 1,000 Jan 1 -Dec
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in CHF 1,000 2009 2008 2007 2006 1)
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ImprintContent Concept and EditingI
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