MIRA INFORM REPORT

Report No. :	491369
Report Date :	09.02.2018

IDENTIFICATION DETAILS

Name :	ZÜND SYSTEMTECHNIK AG

Registered Office :	Industriestrasse 8, 9450 Altstätten/SG

Country :	Switzerland

Year of Establishment :	1988

Com. Reg. No.:	320.3.070.039-0

Legal Form :	Company Limited by Shares

Line of Business :	The company engages in the development, manufacture and distribution of multifunctional digital cutters. The client groups are manufacturers and service providers in the graphics, packaging, textile and leather industry, as well as in technical textiles and composites. The company develops its own software (Zünd Cut Center and Zünd Design Center) to provide the fitting software for its hardware.

No. of Employees :	150-249

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	No Complaints

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

(30.06.2017)

Current Rating

(30.09.2017)

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 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 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 ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving 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 2011-16.

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, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.

Source : CIA

Company name

ZÜND SYSTEMTECHNIK AG

Operating address

Industriestrasse 8

9450 Altstätten/SG

Switzerland/CH

Telephone: +41 717578100

Fax: +41 717578111

Web site: http://www.zund.com

E-mail: info@zund.com

VAT-No.: CHE-116.276.666 MWST

UID-No.: CHE445647536

Profile

Established: 1988

Line of Business: Electro technology, Consumer goods wholesale

Industry Division: Manufacturing, Wholesale trade

Industry-code (NACE): 2620 Manufacture of computers and peripheral equipment

4651 Wholesale of computers, computer peripheral equipment and software

Import/Export: Export

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2017

Employees: 150-249

Sales: CHF 100-200 Mio

Activity

The company engages in the development, manufacture and distribution of multifunctional digital cutters. The client groups are manufacturers and service providers in the graphics, packaging, textile and leather industry, as well as in technical textiles and composites. The company develops its own software (Zünd Cut Center and Zünd Design Center) to provide the fitting software for its hardware.

Operations and Branches:

At the address, Industriestrasse 8, 9450 Altstätten, Switzerland, we find the company's registered office.

Real Estate

Real Estate: The company owns buildings.

Company Register

Company No: 320.3.070.039-0

UID-No.: CHE445647536

Legal form: Company limited by shares

Registration: 27.09.2011

Legal status: active

Responsible Register: Handelsregister des Kantons St. Gallen

History: Date of Incorporation Statutes: 12.09.2011

Entry Deleted Name

27.09.2011 Zünd Systemtechnik AG

Entry Deleted Legal domicile

27.09.2011 Altstätten, Switzerland

Entry Deleted Address

27.09.2011 Industriestrasse 8, 9450 Altstätten/SG, Switzerland/CH

Entry Deleted Capital

27.09.2011 Share Capital CHF 300,000, paid up CHF 300,000

Entry Deleted Capital Structure

27.09.2011 300 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Zünd, Karl

Citizen: Altstätten, Switzerland