MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Gallus Ferd. Rueesch AG |
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Registered Office : |
Harzbuechelstrasse 34,
9016
St. Gallen/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
23-06-1994 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and distribution of label printing machines and
systems as well as peripherals. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR
250.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Business
connections are permissible |
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Detail assessment: |
Payments: |
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Regular
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Individual credit
limit*: |
EUR 250.000,-- |
Name
Gallus Ferd.
Rueesch AG
Line of Business
Maschinenfabrik
Legal domicile
Harzbuechelstrasse
34
9016 St.
Gallen/SG
Switzerland
Telephone: 071
2428686
Fax: 071 2428989
Homepage: www.gallus.ch
E-Mail: info@gallus.ch
All amounts in
this report are given in Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal
form: Joint stock company
Registration: 23-06-1994
First
Publication: 30-06-1994
Last
Publication: 27-06-2007
History:
The history of
the company dates back to 1924.
In 1994,
following fundamental restructuring and the conversion to a financing,
investment company, respectively, the newly founded Gallus Ferd. Rueesch AG
took over the activities of the former operative company.
The company
has enjoyed continuous growth since its foundation and has a prestigiuos
position in this market sector.
Share
capital: 4.000.000
Paid up: 4.000.000
Divided
into: 4.000 Registered shares of 1.000
The
transfer of registered shares is restricted by regulations contained in
Statutes.
Shareholders:
Direct Parent
com.: Gallus Holding AG, 9000 St.
Gallen/SG with a share of 100.
Company
Management: Klaus Bachstein
ACTIVITY:
Line of
business : Label printing machines
Sector :
Manufacture/Wholesale/Retail
Activity:
Gallus Ferd.
Rueesch AG is dedicated to the manufacture and distribution of label printing
machines and systems as well as peripherals.
The scope of
activity further includes spare part and other services, advisory services,
training and individual machine developments.
The company is
a recognized market leader in the manufacture of big label printing machines.
The company
has been certified ISO 9001:2000 for quality standards as well as ISO 14001 for
environmental standards.
Marks,
Production: Gallus
Trading
area: Worldwide
Import/Export:
The company is active in Export, but not in Import.
Export: 90% of
total turnover
EMPLOYEES:
Number of
employees: 300
The group
employs approximately 700 people.
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: No legal actions, distraints
or loss certificates registered.
Report from
07-09-2007, in 9001 St. Gallen.
2005 2006 2007
No. Amount
No. Amount No. Amount
Betreibungen None 0
None 0 None 0
Pfaendungen
Verlustscheine
Report from
09-11-2005, in 9001 St. Gallen.
2003 2004 2005
No. Amount No.
Amount No. Amount
Betreibungen None 0
None 0 None 0
Pfaendungen
Verlustscheine
A current
legal action check requires a written proof of interest.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL
DATA:
Financial
position: The financial situation is
good.
Financial
Statements: The company does not disclose detailed financial statements.
Key figures
(in CHF):
Consolidated
key figures (in CHF 1.000):
Gallus-Gruppe
31.12.2006 31.12.2005 31.12.2004 31.12.2003
12 Months 12 Months 12 Months 12 Months
Sales 283'000.0 204'000.0 181'000.0 183'000.0
Takeover
from: Gallus Gebrauchtmaschinen AG
9000 St.
Gallen/SG
Type: Take over as a result of merger
Registered
on: 15-03-2001
Contract
date: 08-03-2001
Balance Sheet
per: 31-12-2000
Assets: 9.049.654
Liabilities: 11.147.486
Takeover
from: Inno-print AG
9212 Arnegg/SG
Type: Take over as a result of merger
Registered
on: 29-06-1995
Contract
date: 22-06-1995
Balance Sheet
per: 31-12-1994
Assets: 12.349.080
Liabilities: 15.678.329
Takeover
from: Gallus Holding AG
(vorm. Ferd. Rueesch AG)
9000 St. Gallen/SG
Type: Take over on incorporation
Registered
on: 23-06-1994
Contract
date: 15-06-1994
Balance Sheet
per: 31-12-1993
Assets: 91.010.081
Liabilities: 87.010.081
Issued share
capital: 4.000.000
Banker(-s): Credit
Suisse (CS), 9001 St. Gallen
UBS Ltd, 9001 St. Gallen
Auditors: PricewaterhouseCoopers
AG, St. Gallen
Real estate
property: Real estate is owned.
The real
estate in question is the property in St. Gallen. The current value and the
mortgage are not known.
The group is
also proprietor of extensive properties.
Fiscal
taxation: Information only
available against proof of interest with a valid signature.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Gallus Holding AG, 9000 St. Gallen/SG
with a share of 100.
Ultimate
Parent com.: Ferdinand Rueesch AG, 9000 St. Gallen/SG, Switzerland/CH.
Gallus Holding
AG is controlled by the Ferdinand Rueesch AG (70%) and the Heidelberger
Maschinenfabrik in Heidelberg, Germany (30%). The shares of the Ferdinand
Rueesch AG in turn are owned by members of the Rueesch family.
The parent
company has further ownerships in other companies, inter alia the following:
- Arsoma GmbH,
Langgoens, Germany majority
- Gallus Group
UK Ltd. Royston (GB) 100%
- Gallus Inc.,
Philadelphia (USA) 100%
- Gallus
Skandinavia, Denmark 100%
- Gallus
Australia, Australia 100%
Investments: None.
BOARD OF
DIRECTORS:
Peter J.
Hauser, from Dielsdorf, in St. Gallen/SG/Switzerland,
President,
collective signature.
Ferdinand
Rueesch-Buehler jun., from Gaiserwald, in St. Gallen/SG/Switzerland,
Vice
President, collective signature.
Martin Waespi,
from Stein am Rhein, in Gams/SG/Switzerland,
Member,
collective signature.
MANAGEMENT:
Urs Akermann,
from St. Gallen, in Wolfertswil/SG/Switzerland,
Authorised
signatory, collective signature.
Klaus
Bachstein, from Austria, in Altach/Austria,
Authorised
signatory, collective signature.
Rudolf gen. Ruedi
Brunschweiler, from Erlen, Riedt, in Sirnach/TG/Switzerland,
Authorised
signatory, collective signature.
Felix Egger,
from Aarwangen, in Baden/AG/Switzerland,
Authorised
signatory, collective signature.
Othmar Heeb,
from Liechtenstein, in Ruggell/FL/Switzerland,
Authorised
signatory, collective signature.
Stefan
Heiniger, from Duerrenroth, in Roggwil/TG/Switzerland,
Authorised
signatory, collective signature.
Martin
Leonhard, from Germany, in Rorschacherberg/SG/Switzerland,
Authorised
signatory, collective signature.
PERSONNEL
INFORMATION:
Peter J.
Hauser, born in 1948, lives at the Kirchlistrasse 7 in St. Gallen. He has a
degree in business administration and formerly served as an executive member of
staff within Hilti AG in Schaan, Liechtenstein.
The resonsible
persons enjoy a good reputation in business affairs.
FURTHER
MANDATES:
Peter J.
Hauser:
- Albatros
Holding AG, Winkel
- Heidelberg
Schweiz AG, Bern
- Model
Holding AG, Weinfelden
- Gallus
Holding AG, St. Gallen
Martin Waespi:
- Gallus
Holding AG, St. Gallen
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)