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Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
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Name : |
OERTLI-INSTRUMENTE AG |
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Registered Office : |
Hafnerwisenstrasse 4 9442 Berneck/SG
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
16.04.1980 |
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Com. Reg. No.: |
320.3.019.405-3 / 129536 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRAs 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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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 June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Switzerland. |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 |
OERTLI-INSTRUMENTE
AG
Hafnerwisenstrasse
4
9442 Berneck/SG
Switzerland/CH
Telephone: 071
7474200
Fax: 071
7474290
Web
site: http://www.oertli-instruments.com
E-mail: info@oertli-instruments.com
WIN
Worldbox No.: CH0000182861
VAT-No.: CHE107260301
Established: 1955
History: 1955: Established from Heinz A. Oertli
Line
of Business: Medical technology
Industry
Division: Manufacturing
Industry-code (NACE): 3250 Manufacture of medical and dental
instruments and supplies
2660 Manufacture of irradiation,
electromedical and electrotherapeutic equipment
Import/Export: Import, Export
Export
sales: 85,0%
Quality
certification: EN ISO 13485/2012 + AC
: 2012
ISO
13485/2003
Banks: unknown
Organisation
level: Ultimate Parent
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 100
Sales: CHF 45,000,000.--
The company develops, produces and sells
surgical equipment for eye surgery that enables doctors and OR personnel to
work in a safer, easier and more efficient way.
The company operates worldwide except in the
US and Japan markets.
Products:
- Surgical Technique: easyPhaco Technology,
NovitreX Vitrectomy System, HFDS Glaucoma Procedure with abee Tip
- Surgery Systems: Oertli OS3 premium
platform for cataract & vitreoretinal surgery, Oertli faros compact device
for cataract & vitreoretinal surgery, Oertli CataRhex3 new portable phaco
device for cataract & glaucoma surgery
- Instruments: Phaco, Irrigation/Aspiration,
Diathermy, Capsulotomy, Vitrectomy, Endo-Illumination
- Single-Use Products: Phaco Packs,
Vitrectomy Packs
Real
Estate: It is understood
that the company owns certain property.
Company
No: 320.3.019.405-3 / 129536
Legal
form: Company limited by
shares
Registration: 16.04.1980
Legal
status: active
Responsible
Register: Handelsregister des Kantons
St. Gallen
History: Date of Statutes:
21.07.1989
Date of
Incorporation Statutes: 16.04.1980
Date of
Statutes: 14.01.2010
Entry Deleted Name
active Oertli-Instrumente
AG
Entry Deleted Legal domicile
active Berneck,
Switzerland
Entry Deleted Address
02.03.1998 Hafnerwisenstrasse
4, 9442 Berneck, Switzerland/CH
04.05.1992 Gemperenstrasse, 9442 Berneck/SG,
Switzerland/CH
04.05.1992 02.03.1998 Gemperenstrasse 18, 9442 Berneck/SG,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 250,000, paidup CHF 250,000
Entry Deleted Capital Structure
active 250
Registered shares of CHF 1,000.--
Title Name
President Andreas Bosshard,
Origin: Wila, Switzerland, Residential address: 9100 Herisau, Switzerland,
single signature
Director Rosmarie
Bosshard, Origin: Wila, Switzerland, Residential address: 9100 Herisau,
Switzerland, joint signature of two, Registered since: 26.02.2010
Director Emil Enz,
Origin: Gais, Switzerland, Residential address: Gais, Switzerland, without
signature, Registered since: 09.10.2012
Director Maximilian
Reindl, Origin: Germany, Residential address: Nürnberg , Germany, without
signature, Registered since: 26.02.2010
Director Andreas
Schmidheini, Origin: Balgach, Switzerland, Residential address: 9042 Speicher,
Switzerland, joint signature of two, Registered since: 26.02.2010
Title Name
Director Christoph
Bosshard, Origin: Wila, Switzerland, Residential address: 8352 Winterthur,
Switzerland, joint signature of two, Registered since: 26.02.2010
Member
with signing authority Ulrich Rudolf
Siegenthaler, Origin: Schangnau, Switzerland, Residential address: Muolen,
Switzerland, joint signature of two, Registered since: 04.06.2012
Member
with procuration Floriano
Rossi, Residential address: 9430 St. Margrethen, Switzerland, joint power of
attorney of two, Registered since: 23.06.2008
Title Name
Auditor Dr.
Rietmann & Partner AG, Wirtschaftsprüfer und Steuerberater, St. Gallen,
Residential address: St. Gallen, Switzerland, Id: CH-320.3.015.621-5,
Registered since: 08.11.2000
Title Name
Chief
Executive Officer Christoph
Bosshard
Chief
Marketing Officer, Chief Sales Officer Thomas
Bosshard
Name: Bosshard Beteiligungs
AG
City/Country: Herisau/AR, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Bosshard Beteiligungs
AG
City/Country: Herisau/AR, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest (since 14.12.2011)
Class: 100%
Name: Oertli Beteiligungs
GmbH
City/Country: Dornbirn, Austria/AT
Interest: 100,00% voting right,
100,00% capital interest (since 15.12.2010)
Class: 100%
Name: Oertli Instrumente
GmbH
City/Country: Aschaffenburg/Bayern, Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
Control date Year No. Amount CHF Status
01.12.2011 2011 0
01.12.2011 2010 0
01.12.2011 2009 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.
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
appears to be good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.45 |
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|
1 |
Rs.97.76 |
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Euro |
1 |
Rs.76.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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 |
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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-- |
NB |
New Business |
-- |
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This score serves as a reference to assess
SCs 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.