|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GALLUS FERD. RÜESCH AG |
|
|
|
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Registered Office : |
Harzbüchelstrasse 34, 9016 St. Gallen/SG |
|
|
|
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Country : |
Switzerland |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
1923 |
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|
|
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Com. Reg. No.: |
320.3.037.264-8 / 337880 |
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|
|
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture and sale of machinery and equipment, particularly systems for
label printing, which permit various combinations of flexible processing and
printing. |
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|
|
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No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful, 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 enhance their international competitiveness, but some trade protectionism remains, 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 all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy began to recover in 2010. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. 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 during 2011-13. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
|
Source
: CIA |
Gallus Ferd.
Rüesch AG
Operating
address:
Harzbüchelstrasse
34
9016 St. Gallen/SG
Switzerland/CH
Telephone: 071
2428686
Fax: 071
2428989
Web
site: http://www.gallus-group.com
E-mail: info@gallus-group.com
WIN
Worldbox No.: CH0000045121
VAT-No.: CHE105961232
Established: 1923
History: 1923: Established from Ferdinand Rüesch-Baur
Line
of Business: Machinery
Industry
Division: Manufacturing
Industry-code (NACE): 2899 Manufacture of other special-purpose
machinery n.e.c.
Import/Export: Export
Quality
certification: ISO 9001:2000
ISO
14001:2004
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 300
Sales: CHF 80-100 Mio
The business activities are the manufacture and
sale of machinery and equipment, particularly systems for label printing, which
permit various combinations of flexible processing and printing.
Real
Estate: It is understood
that the company owns certain property.
Company
No: 320.3.037.264-8 /
337880
Legal
form: Company limited
by shares
Registration: 23.06.1994
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Incorporation
Statutes: 22.06.1994
Entry Deleted Name
23.06.1994 Gallus
Ferd. Rüesch AG
Entry Deleted Legal domicile
23.06.1994 St.
Gallen, Switzerland
Entry Deleted Address
26.03.1996 Harzbüchelstrasse
34, 9016 St. Gallen/SG, Switzerland/CH
23.06.1994 26.03.1996 Spitalgasse 8, 9004 St.Gallen/SG, Switzerland/CH
Entry Deleted Capital
23.06.1994 Share
Capital CHF 4,000,000, paidup CHF 4,000,000
Entry Deleted Capital Structure
23.06.1994 4,000
Registered shares of CHF 1,000.--
Entry Deleted Activity (original Language)
23.06.1994 Fabrikation
und Vertrieb von Maschinen und Apparaten, insbesondere von Druckmaschinen. Die
Gesellschaft kann Zweigniederlassungen im In- und Ausland errichten, sich
anderen Unternehmen im In- und Ausland beteiligen sowie Grundstücke erwerben,
halten und veräussern.
Entry Deleted Remarks (original Language)
15.03.2001 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die Gallus
Gebrauchtmaschinen AG, in St. Gallen. Aktiven von CHF 9'049'654.-- und Passiven
von CHF 11'147'486.-- gehen gemäss Fusionsvertrag vom 08.03.2001 und
Fusionsbilanz per 31.12.2000 durch Universalsukzession an die Gesellschaft
über, die bereits sämtliche Aktien der übernommenen Gesellschaft besitzt. Dabei
erlöschen diese Aktien und das Aktienkapital der übernehmenden Gesellschaft
bleibt unverändert.
29.06.1995 Merger:
Die Gesellschaft übernimmt auf dem Wege der Fusion die "Innoprint
AG", in Arnegg (Gossau SG). Aktiven von CHF 12'349'080.85 und Passiven von
CHF 15'678'329.78 gehen gemäss Fusionsvertrag vom 22.06.1995 und Fusionsbilanz
per 31.12.1994 durch Universalsukzession an die Gesellschaft über, die bereits
sämtliche Aktien der übernommenen Gesellschaft besitzt. Dabei erlöschen diese
Aktien, und das Aktienkapital der übernehmenden Gesellschaft bleibt
unverändert.
23.06.1994 Publishing
authority: SHAB.
23.06.1994 Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
23.06.1994 Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt gemäss Sacheinlagevertrag
vom 15. Juni 1994 und Übernahmebilanz per 31. Dezember 1993 von der Gallus
Holding AG (vormals Ferd. Rüesch AG), in St. Gallen, teilweise Aktiven von CHF
91'010'081.-- und Passiven von CHF 87'010'081.--, wofür 4'000 Namenaktien zu
CHF 1'000.-- ausgegeben werden.
23.06.1994 Reports:
Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch
eingeschriebenen Brief.
Title Name
President Klaus
Bachstein, Origin: Austria, Residential address: Altach, Austria, joint
signature of two, Registered since: 22.11.1995
Vice-President Ferdinand
Rüesch-Bühler, Origin: Gaiserwald, Switzerland, Residential address: St.
Gallen/SG, Switzerland, joint signature of two, Registered since: 23.06.1994
Director Stefan
Heiniger, Origin: Dürrenroth, Switzerland, Residential address: Roggwil/TG,
Switzerland, joint signature of two, Registered since: 20.03.2006
Director Gunnar
Voss-von Dahlen, Origin: Germany, Residential address: St. Gallen, Germany,
joint signature of two, Registered since: 24.05.2011
Title Name
Member
with signing authority Urs Akermann,
Origin: St. Gallen, Switzerland, Residential address: Wolfertswil (Degersheim),
Switzerland, joint signature of two, Registered since: 03.05.1996
Member
with signing authority Rudolf
(Ruedi) Brunschweiler, Origin: Erlen, Riedt, Switzerland, Residential address:
Sirnach/TG, Switzerland, joint signature of two, Registered since: 25.08.1994
Member
with signing authority Martin
Leonhard, Origin: Germany, Residential address: Rorschacherberg/SG,
Switzerland, joint signature of two, Registered since: 21.06.2007
Member
with signing authority Christof
Naier, Origin: Austria, Residential address: Lustenau , Austria, joint
signature of two, Registered since: 26.09.2012
Member
with signing authority Georg
Riescher, Origin: Germany, Residential address: St. Gallen, Switzerland, joint
signature of two, Registered since: 04.07.2013
Member
with signing authority Markus
Volkart, Origin: Stadel, Switzerland, Residential address: Riedikon ,
Switzerland, joint signature of two, Registered since: 13.07.2011
Member
with signing authority Martin Wäspi,
Origin: Stein am Rhein, Switzerland, Residential address: Gams/SG, Switzerland,
joint signature of two, Registered since: 05.06.2013
Member
with signing authority Daniel Zeidler,
Origin: Arlesheim, Switzerland, Residential address: 8280 Kreuzlingen/TG,
Switzerland, joint signature of two, Registered since: 30.03.2010
Member
with procuration René
Abächerli, Origin: Bonfol, Switzerland, Residential address: Uttwil, Switzerland,
joint power of attorney of two, Registered since: 08.07.2005
Member
with procuration Heinz
Brocker, Origin: Altstätten, Switzerland, Residential address: St. Gallen/SG,
Switzerland, joint power of attorney of two, Registered since: 25.08.1994
Member
with procuration Walter
Ehrler, Origin: Küssnacht am Rigi, Switzerland, Residential address: 9122
Mogelsberg /SG, Switzerland, joint power of attorney of two, Registered since:
25.08.1994
Member
with procuration Emilio
Ferrari, Origin: St. Gallen, Switzerland, Residential address: St. Gallen/SG,
Switzerland, joint power of attorney of two, Registered since: 22.03.1995
Member
with procuration Roland
Kuster, Origin: Diepoldsau, Switzerland, Residential address: Bichwil
(Oberuzwil)/SG, Switzerland, joint power of attorney of two, Registered since:
09.07.2003
Member
with procuration Ivo
Rüdlinger, Origin: Wiesendangen, Switzerland, Residential address:
Münchwilen/TG, Switzerland, joint power of attorney of two, Registered since:
21.06.2007
Member
with procuration Roland
Stäheli, Origin: Egnach, Switzerland, Residential address: St. Gallen/SG,
Switzerland, joint power of attorney of two, Registered since: 25.08.1994
Member
with procuration Peter
Waldburger, Origin: Hundwil, Switzerland, Residential address: Speicherschwendi
(Speicher), Switzerland, joint power of attorney of two, Registered since:
03.05.1996
Member
with procuration Dr. Thomas
Weber, Origin: Rothrist, Switzerland, Residential address: 8706 Meilen/ZH,
Switzerland, joint power of attorney of two, Registered since: 16.08.2001
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: St. Gallen, Switzerland, Registered since: 21.10.2003
Title Name
Chief
Executive Officer Klaus
Bachstein (klaus.bachstein@gallus.ch)
Chief
Financial Officer Martin
Wäspi (martin.waespi@gallus.ch)
Key
Account Manager Ferdinand
Rüesch-Bühler
Chief
Production Officer Urs
Akermann (urs.akermann@gallus.ch)
Chief
Technical Officer Dr.
Thomas Weber (thomas.weber@gallus.ch)
Chief
Human Resources Officer Rudolf (Ruedi)
Brunschweiler (ruedi.brunschweiler@gallus.ch)
Chief
Business Segment Officer Stefan
Heiniger
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 188,000.0 193,000.0 201,000.0 178,000.0 214,000.0
Capital 2,500.0 2,500.0 2,500.0 2,500.0 2,500.0
Sales per Employee 336.0 333.0 341.0 315.0 379.0
Employees at year end 560 580 590 565 565
Name: Gallus Holding AG
City/Country: St. Gallen/SG, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level
1
Name: Gallus Holding AG
City/Country: St. Gallen/SG, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: Gallus Australia Pty
Ltd
City/Country: Bayswater, Australia/AU
Name: Gallus Druckmaschinen GmbH
City/Country: Langgöns, Germany/DE
Name: Gallus Group UK
Limited
City/Country: Royston/Hertfordshire, United
Kingdom/GB
Name: Gallus Inc
City/Country: Philadelphia/Pennsilvanya,
United States of America/US
Name: Gallus Scandinavia AS
City/Country: Glostrup, Denmark/DK
Name: Gallus Stanz- und
Druckmaschinen GmbH
City/Country: Weiden i.d.OPf., Germany/DE
Name: Gallus-Group Vertriebs
GmbH (Deutschland) für Druckmaschinen
City/Country: Langgöns-Oberkleen, Germany/DE
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
20.11.2013 2013 0
20.11.2013 2012 0
20.09.2011 2011 0
20.09.2011 2010 0
20.09.2011 2009 0
20.09.2011 2008 0
20.09.2011 2007 0
20.09.2011 2006 0
07.01.2008 2005 0
07.01.2008 2004 0
07.01.2008 2003 0
07.01.2008 2002 0
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.
Debt collection case:
MAI 2008: CHF 81.20, still open
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.08 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared by
: |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.