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MIRA INFORM REPORT
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Report No. : |
490260 |
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Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
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Name : |
TRIOPAN AG |
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Registered Office : |
Säntisstrasse 11 Postfach 9400 Rorschach/SG /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1958 |
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Com. Reg. No.: |
320.3.016.165-7 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business
activities includes the manufacture, sale and distribution of traffic safety products.
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No. of Employees : |
25 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 2011-17.
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.
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Source
: CIA |
Company
name and address
Triopan AG
Operating address:
Säntisstrasse 11
Postfach
9400 Rorschach/SG
Switzerland/CH
Telephone: +41
718441616
Fax: +41
718441610
Web site: http://www.triopan.ch
E-mail: info@triopan.ch
WIN Worldbox No.: CH0000219361
VAT-No.: CHE-102.581.643 MWST
UID-No.: CHE102581643
Profile
Established: 1958
History: 1976: Limited
company
1958: Established from Trudi Butz
Company
chronicles:
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2008 to today
Continuous
invrease of own prudocts and production, especially in the product segments
“Barricades and protection” and “Warning lights and fluorescent bars”.
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2007
Move
of the branch in Basel to Pratteln in the Planzer and Triago logistic centre
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2003
In
April 2003, Triopan AG and Dähler Import AG merged to become Triopan Dähler AG
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2002
Take
over of Dähler Import AG on Wolf 31 in 4020 Basel and with that the exclusive
representation of the Adolf Nissen Elektrobau GmbH from Tönning, Germany,
leading manufacturer of warning and electronic flashing beacons, warning sign
trailers and traffic guidance and control systems.
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2001
Alexander
Kleger assumes the company management of Triopan AG
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1998
TRIOPAN
AG takes over the production facilities for screen printing of the Leuthold
company and shifts the printing plant from Winterthur to Rorschach.
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1993
Increase
of exports from almost 10% to 30%.
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1989
Purchase
of the factory complex on Säntisstrasse 11 from AROVA Immobilien AG.
Reconstruction of the factory halls and basement of the office building to meet
the needs of TRIOPAN AG and PERFECTA SCHMID AG.
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1981
Josef
Butz sells the company for reasons of age to Ferdinand Kleger. Integration of
PERFECTA SCHMID AG in the building of the property at Löwengartenstrasse 7.
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1978
Purchase
and move in the property at Löwengartenstrasse 7 and expansion of the
production.
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1976
Conversion
of the sole proprietorship of Josef Butz into TRIOPAN AG with a share capital
of CHF 150,000.00.
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1966
Development
and market launch of other production for traffic safety, such as kindergarten
belts, protective vests, etc.
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1962
Production
of Triopan folding and warning signs at Lindenplatz in Rorschach.
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1958
Founded
as a sole proprietorship in January 1958 by Mrs Trudi Butz, at that time not as
a stalking-horse, and Mr Josef Butz (managing director, sales, advertising,
market research), Paul Brugger (inventor of the Triopan folding sign, patents
and head of production) and Walter Schmidli (office) in Rorschach.1. Document
“the company contract” from December 1957.
Line of Business: Household technology, Consumer goods
manufacturing
Industry Division: Manufacturing
Industry-code (NACE): 2740 Manufacture
of electric lighting equipment
3299 Other manufacturing n.e.c.
Import/Export: Import, Export
Export sales: 30,0%
Banks: UBS Ltd
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 25
Sales: CHF 4-6 Mio
Activity
The
business activities includes the manufacture, sale and distribution of traffic
safety products.
Products:
warning lights and glow sticks, textiles, folding signs, vehicles and transport
equipment, fencing and hedging and Multipan and warning / danger signals.
Operations
and Branches:
At the
address, Säntisstrasse 11, 9400 Rorschach, Switzerland, we find office of the
company.
Real Estate
Information
on property ownership was not available.
Company Register
Company No: 320.3.016.165-7
UID-No.: CHE102581643
Legal form: Company limited by shares
Registration: 21.10.1976
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date of Incorporation Statutes: 21.10.1976
Date
of Statutes: 16.03.2009
Date
of Statutes: 17.03.2003
Date
of Statutes: 18.12.1995
Entry Deleted Name
24.03.2009 Triopan
AG
20.03.2003 24.03.2009 Triopan Dähler AG
17.08.1989 20.03.2003 Triopan AG
Entry Deleted Legal domicile
active Rorschach, Switzerland
Entry Deleted Address
active Säntisstrasse 11, 9400 Rorschach,
Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 150,000, paid up CHF
150,000
Entry Deleted Capital Structure
active 150 Registered shares of CHF 1,000.--
Entry Deleted Remarks
23.06.2008 Merger: On 13.06.2008 the company merged with
Perfecta Schmid AG, based in Rorschach (CH-320.3.041.019-0).
20.03.2003 Merger: On 17.03.2003 the company merged with
Dähler Import AG, based in Basel.
Official Administration
Title Name
President Kleger, Ferdinand
Citizen:
Wildhaus-Alt St. Johann, Switzerland
Residential
address: 9400 Rorschach, Switzerland
single
signature
Director Kleger, Alexander
Citizen:
Wildhaus-Alt St. Johann, Switzerland
Residential
address: 9400 Rorschach, Switzerland
single
signature
Registered
since: 21.11.2000
Management
Title Name
General Manager Kleger, Alexander
Citizen:
Wildhaus-Alt St. Johann, Switzerland
Residential
address: 9400 Rorschach, Switzerland
single
signature
Registered
since: 21.11.2000
Member with signing authority Kleger, Cécile
Citizen:
Wildhaus-Alt St. Johann, Switzerland
Residential
address: 9400 Rorschach, Switzerland
single
signature
Registered
since: 19.12.1995
Member with signing authority Kleger, Rosmarie
Citizen:
Wildhaus-Alt St. Johann, Switzerland
Residential
address: 9400 Rorschach, Switzerland
single
signature
Member with procuration Weber, Corsin
Citizen:
Breil/Brigels, Switzerland
Residential
address: 9305 Berg /SG, Switzerland
joint
power of attorney of two
Registered
since: 15.09.1997
External Positions
Title Name
Auditor Provida Wirtschaftsprüfung AG,
Residential
address: St. Gallen, Switzerland
Id:
CH-440.3.000.364-8
Registered
since: 24.03.2009
Executive board
Title Name
Chief Executive Officer Kleger, Alexander
Direct owner/-s
No. of owner/-s: 1
Owner: The company is privately owned.
Class: 100%, directly held
Name: Alexander Kleger
City/Country: 9400 Rorschach, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest
Investments
It is
believed that the company has no investments.
Financials
Balance
sheet publication:
The subject
company does not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
12.10.2017 2017 0 Legal
actions
31.12.2016 2016 0 Legal
actions
31.12.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
15.11.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
No legal
actions determined.
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.
Sanctions List
We did
not find the company included on the various international sanctions lists,
such as the OFAC (Office of Foreign Assets Control), the BIS (Bureau of
Industry and Security), the European Union Restrictive measures (sanctions)
list, the Export Control Organisation (ECO) of the UK, the Australian
Department of Foreign Affairs and Trade.
Payment experiences
There
are irregularities on record.
Debt
collection case:
DEC
2013: CHF 512.00, paid.
SEP
2013: CHF 843.00, paid.
Credit Information
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 is considered to
be in order.
Payment experiences: Slow but Correct.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.37 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 78.89 |
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CHF |
1 |
INR 68.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.