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MIRA INFORM REPORT
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Report No. : |
482831 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BRON ELEKTRONIK AG |
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Registered Office : |
Hagmattstrasse 7 4123 Allschwil/BL /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
1958 |
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Com. Reg. No.: |
280.3.914.259-4 |
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Legal Form : |
Company
limited by shares |
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Line of Business : |
The Subject engaged
in the manufacture, rental and trade of electronic devices and aids for image
reproduction, photography and video, the graphic industry and lighting
applications |
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No. of Employees : |
150-249 |
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 : |
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
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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 2011-16.
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.
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Source
: CIA |
Company
name and address
Bron Elektronik AG
Operating address:
Hagmattstrasse
7
4123
Allschwil/BL
Switzerland/CH
Telephone: +41 614858585
Fax: +41
614858500
Web site: http://www.bron.ch
E-mail: info@bron.ch
WIN Worldbox No.: CH0000276111
VAT-No.: CHE-105.958.359 MWST
UID-No.: CHE105958359
Profile
Established: 1958
Line of Business: Electro technology
Industry Division: Manufacturing
Industry-code (NACE): 2611 Manufacture
of electronic components
Import/Export: Export
Banks: CS Credit Suisse
BLKB
Basellandschaftliche Kantonalbank
Organisation level: Ultimate Parent
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 150-249
Sales: CHF 20-40 Mio
Activity
The company
engages in the manufacture, rental and trade of electronic devices and aids for
image reproduction, photography and video, the graphic industry and lighting
applications. With its product brands broncolor and kobold, the company is
active in the international market for professional lighting systems.
Operations and
Branches:
At the address,
Hagmattstrasse 7, 4123 Allschwil, Switzerland, we find the company's registered
office.
Real Estate
Real Estate: The company owns buildings.
Company Register
Company No: 280.3.914.259-4
UID-No.: CHE105958359
Legal form: Company limited by shares
Registration: 18.01.1963
Legal status: active
Responsible Register: Handelsregister des Kantons Basel-Landschaft
History: Date of Statutes: 23.08.1978
Date
of Statutes: 13.03.2003
Entry Deleted Name
active Bron Elektronik AG
Entry Deleted Legal domicile
active Allschwil, Switzerland
Entry Deleted Address
active Hagmattstrasse
7, 4123 Allschwil/BL, Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 120,000, paid up CHF
120,000
Entry Deleted Capital Structure
active 120 Registered shares of CHF 1,000.--
Official Administration
Title Name
President Bron, Jacques
Citizen:
Basel, Corban, Switzerland
Residential
address: 1009 Pully/VD, Switzerland
single
signature
Director Bron, Michel
Citizen:
Basel, Corban, Switzerland
Residential
address: 1000 Lausanne/VD, Switzerland
joint
signature of two
Management
Title Name
General Manager Bron, Jacques
Citizen:
Basel, Corban, Switzerland
Residential
address: 1009 Pully/VD, Switzerland
single
signature
Member of the management Gass, Urs
Citizen:
Hölstein, Switzerland
Residential
address: Therwil, Switzerland
joint
power of attorney of two
Registered
since: 26.03.2012
Member with procuration Chollet, Jacques
Citizen:
Maracon, Switzerland
Residential
address: 4123 Allschwil/BL, Switzerland
joint
power of attorney of two
Registered
since: 10.07.2006
Member with procuration Niederhauser, Daniel
Citizen:
Böckten, Switzerland
Residential
address: Böckten, Switzerland
joint
power of attorney of two
Registered
since: 20.01.2017
External Positions
Title Name
Auditor BDO AG,
Residential
address: Liestal, Switzerland
Id:
CHE-147.528.510
Registered
since: 30.07.2001
Executive board
Title Name
Chief Executive Officer Bron, Jacques
Direct owner/-s
Owner: The company is in family ownership.
Class: 50-100%, directly held
Name: Jacques Bron
City/Country: Pully/VD, Switzerland/CH
Investments
Class: 100%, directly held
Name: Bron Imaging Group Inc.
City/Country: Union Township, United States of America/US
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: Broncolor Sarl
City/Country: Mulhouse, France/FR
Interest: 100,00% voting right, 100,00% capital
interest
Class: 50-100%, directly held
Name: bron
kobold Vertriebsgesellschaft mbH
City/Country: Wolfratshausen/Bayern,
Germany/DE
Interest: 60,00% voting right, 60,00% capital interest
Financials
Balance
sheet publication:
The
subject company does not publish balance sheet or turnover figures.
Legal Actions
Control date Year No. Amount CHF Status
04.04.2014 2014 0 Legal actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
31.12.2003 2003 0 Legal
actions
Official
bankruptcy reports:
No
bankruptcy publications available on the subject.
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
Payment experiences
from pre-legal collection cases:
No
payment experiences from pre-legal collection cases are available.
Payment
experiences from collection cases:
No
payment experiences from legal collection cases are available.
Mode of
payment / Business conduct:
There
are no complaints about the mode of payment and the business conduct.
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 difficult to
assess.
Payment experiences: No Complaints.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.48 |
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UK Pound |
1 |
INR 86.41 |
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Euro |
1 |
INR 76.54 |
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CHF |
1 |
INR 65.03 |
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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PRI |
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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
·
Promoters
/ Management background
·
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.