3decades

MIRA INFORM REPORT

Report No. :	503451
Report Date :	19.04.2018

IDENTIFICATION DETAILS

Name :	GUTOR ELECTRONIC GMBH

Registered Office :	Hardstrasse 72-74 5430 Wettingen/AG /CH

Country :	Switzerland

Date of Incorporation :	1946

Com. Reg. No.:	400.4.021.859-1

Legal Form :	Limited Liability Company

Line of Business :	Manufacture of electric motors, generators and transformers

No. of Employees :	250

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Switzerland

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

Company name and address

Gutor Electronic GmbH

Operating address:

Hardstrasse 72-74

5430 Wettingen/AG

Switzerland/CH

Telephone: +41 564373434

Fax: +41 564373444

Web site: http://www.gutor.ch

E-mail: gutor.info@schneider-electric.com

WIN Worldbox No.: CH0000151713

VAT-No.: CHE-103.822.832 MWST

UID-No.: CHE103822832

Profile

Established: 1946

Line of Business: Electro technology

Industry Division: Manufacturing

Industry-code (NACE): 2711 Manufacture of electric motors, generators and transformers

Import/Export: Export

Quality certification: ISO 9001:2000 (since 1994)

Banks: UBS Ltd

NAB Neue Argauer Bank

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2017

Employees: 250

Sales: CHF 100-200 Mio

Activity

The business is to secure continuous and conditioned electric power supply for critical industrial and commercial applications. The company provides UPS (uninterruptible power supply) solutions of a high technical standard as well as other related services.

The company maintains international offices in Brazil, China, Germany, India, Japan, Malaysia, Mexico, Russia, Saudi Arabia, U.A.E. and USA.

Operations and Branches:

At the address, Hardstrasse 72-74, 5430 Wettingen, Switzerland, we find office of the company.

Real Estate

Real Estate: It is understood that the company owns certain property.

Company Register

Company No: 400.4.021.859-1

UID-No.: CHE103822832

Legal form: Limited Liability Company

Registration: 27.10.2000

Legal status: active

Responsible Register: Handelsregister des Kantons Aargau

History: Date of Statutes: 18.12.2014

Date of Statutes: 01.12.2009

Date of Statutes: 21.06.2002

Date of Incorporation Statutes: 25.10.2000

Entry Deleted Name

09.12.2009 Gutor Electronic LLC (Name translated)

09.12.2009 Gutor Electronic Sàrl (Name translated)

27.10.2000 Gutor Electronic GmbH

27.10.2000 09.12.2009 Gutor Electronic Ltd liab. Co (Name translated)

27.10.2000 09.12.2009 Gutor Electronic SARL (Name translated)

Entry Deleted Legal domicile

27.10.2000 Wettingen, Switzerland

Entry Deleted Address

18.05.2006 Hardstrasse 72 - 74, 5430 Wettingen/AG, Switzerland/CH

27.10.2000 18.05.2006 Hardstrasse 74, 5430 Wettingen/AG, Switzerland/CH

Entry Deleted Capital

27.10.2000 LLC Capital CHF 1,995,000

Entry Deleted Capital Structure

22.07.2011 1 Participation shares of CHF 1,995,000.--

Management

Title Name

General Manager Raida, Marc Christian

Citizen: Einsiedeln, Switzerland

Residential address: Islisberg, Switzerland

joint signature of two

Registered since: 16.12.2009

General Manager Roumec, Stéphane

Citizen: France

Residential address: Dietikon, Switzerland

joint signature of two

Registered since: 11.01.2016

Chairman of the management Bertrand, Christian

Citizen: France

Residential address: Wettingen, France

joint signature of two

Registered since: 06.07.2015

Member with procuration Andersen, Gert

Citizen: Denmark

Residential address: 5408 Ennetbaden/AG, Switzerland