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MIRA INFORM REPORT
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Report No. : |
482137 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
OCHSNER + CO. AG |
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Registered Office : |
St. Gallerstrasse 23, 8716 Schmerikon/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
02.06.2016 |
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Com. Reg. No.: |
320.3.080.052-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company engineers and manufactures machines for the graphic industry. Especially they manufacture gilding machines. |
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No. of Employees : |
10-19 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
Ochsner + Co. AG
Operating address
St. Gallerstrasse
23
8716 Schmerikon/SG
Switzerland/CH
Telephone: +41
552861155
Fax: +41
552861166
Web site: https://www.ochsner-co.ch
E-mail: info@ochsner-co.ch
VAT-No.: CHE-288.329.167
MWST
UID-No.: CHE288329167
Profile
Established: 1966
History: 1966: Established from Maen und Rosmarie Ochsner
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2829 Manufacture of
other general-purpose machinery n.e.c.
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 10-19
Sales: CHF
8-10 Mio
Activity
The company
engineers and manufactures machines for the graphic industry. Especially they
manufacture gilding machines.
Operations &
Branches:
At the address, St.
Gallerstrasse 23, 8716 Schmerikon, Switzerland, we find the company's head
office.
Real Estate
Information on
property ownership was not available.
Company Register
Company No: 320.3.080.052-2
UID-No.: CHE288329167
Legal form: Company
limited by shares
Registration: 02.06.2016
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen (since 02.06.2016)
History: Date
of Incorporation Statutes: 25.05.2016
Entry Deleted Name
02.06.2016 Ochsner
+ Co. AG
Entry Deleted Legal domicile
02.06.2016 Schmerikon,
Switzerland
Entry Deleted Address
02.06.2016 St.
Gallerstrasse 23, 8716 Schmerikon/SG, Switzerland/CH
Entry Deleted Capital
02.06.2016 Share
Capital CHF 100,000, paid up CHF 100,000
Entry Deleted Capital Structure
02.06.2016 100
Registered shares of CHF 1,000.--
Official Administration
Title Name
President Ochsner,
August
Citizen:
Einsiedeln, Switzerland
Residential
address: Schmerikon, Switzerland
single signature
Registered
since: 02.06.2016
Director Ochsner,
Marc
Citizen:
Einsiedeln, Switzerland
Residential
address: Schmerikon, Switzerland
joint signature of two
Registered
since: 02.06.2016
Director Ochsner,
Roger
Citizen:
Einsiedeln, Switzerland
Residential
address: Schmerikon, Switzerland
joint
signature of two
Registered
since: 02.06.2016
Director Ochsner,
Rosmarie
Citizen:
Rapperswil-Jona, Switzerland
Residential
address: Schmerikon, Switzerland
joint
signature of two
Registered
since: 02.06.2016
Direct owner/-s
Owner: The
company is in family ownership.
Under Swiss Company
Law, limited companies (AG, SA, LTD.) are not required to file information on
shareholders of a company.
Through our offline
research we could determine that the company is under the Ochsner family
ownership.
Investments
It is believed that
the company has no investments.
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
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
No payment history
is available.
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: Unknown
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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1 |
INR 86.41 |
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Euro |
1 |
INR 76.54 |
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CHF |
1 |
INR 64.95 |
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 : |
SYL |
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
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Litigation
against the subject
·
Industry
scenario / competitor analysis
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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.