3decades

MIRA INFORM REPORT

Report No. :	484971
Report Date :	13.01.2018

IDENTIFICATION DETAILS

Name :	GALLUS FERD. RÜESCH AG

Registered Office :	Harzbüchelstrasse 34 9016 St. Gallen/SG /CH

Country :	Switzerland

Date of Incorporation :	1923

Com. Reg. No.:	320.3.037.264-8

Legal Form :	Company limited by shares

Line of Business :	The company engages in the manufacture and distribution of label and carton printers.

No. of Employees :	250-399

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

Note

The correct tel and fax number is "+41 712428686/+41 712428989"

Company name and address

Gallus Ferd. Rüesch AG

Operating address:

Harzbüchelstrasse 34

9016 St. Gallen/SG

Switzerland/CH

Telephone: +41 712428686

Fax: +41 712428989

Web site: http://www.gallus-group.com

E-mail: info@gallus-group.com

WIN Worldbox No.: CH0000045121

VAT-No.: CHE-105.961.232 MWST

UID-No.: CHE105961232

Profile

Established: 1923

History: 1923: Established from Ferdinand Rüesch-Baur

Line of Business: Machinery

Industry Division: Manufacturing

Industry-code (NACE): 2899 Manufacture of other special-purpose machinery n.e.c.

Import/Export: Export

Quality certification: ISO 9001:2000

ISO 14001:2004

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2017

Employees: 250-399

Sales: CHF 80-100 Mio

Activity

The company engages in the manufacture and distribution of label and carton printers.

Products:

- GALLUS LABELMASTER

- GALLUS LABELFIRE

- GALLUS ECS 340

- GALLUS ECS C

- GALLUS EM 280

- GALLUS EM 340S / 430S / 510S

- GALLUS RCS 430

- GALLUS TCS 250

- Used machinery

Market segments: Food, beverages, personal care, pharmaceutical industry, household

Operations and Branches:

At the address, Harzbüchelstrasse 34, 9016 St. Gallen, Switzerland, we find the company's registered office.

Real Estate

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

Company Register

Company No: 320.3.037.264-8

UID-No.: CHE105961232

Legal form: Company limited by shares

Registration: 23.06.1994

Legal status: active

Responsible Register: Handelsregister des Kantons St. Gallen

History: Date of Incorporation Statutes: 22.06.1994

Entry Deleted Name

23.06.1994 Gallus Ferd. Rüesch AG

Entry Deleted Legal domicile

23.06.1994 St. Gallen, Switzerland

Entry Deleted Address

26.03.1996 Harzbüchelstrasse 34, 9016 St. Gallen/SG, Switzerland/CH

23.06.1994 26.03.1996 Spitalgasse 8, 9004 St.Gallen/SG, Switzerland/CH

Entry Deleted Capital

23.06.1994 Share Capital CHF 4,000,000, paidup CHF 4,000,000

Entry Deleted Capital Structure

23.06.1994 4,000 Registered shares of CHF 1,000.--

Official Administration

Title Name

President Bachstein, Klaus

Citizen: Austria

Residential address: Altach, Austria

joint signature of two

Registered since: 22.11.1995

Vice-President Rüesch-Bühler, Ferdinand

Citizen: Gaiserwald, Switzerland

Residential address: St. Gallen/SG, Switzerland

joint signature of two

Registered since: 23.06.1994

Director Ketelhut, Thomas

Citizen: Germany

Residential address: Uttwil, Switzerland

joint signature of two

Registered since: 05.05.2015

Management

Title Name

Member with signing authority Akermann, Urs

Citizen: St. Gallen, Switzerland

Residential address: Wolfertswil (Degersheim), Switzerland

Born: 01.04.1957

joint signature of two

Registered since: 03.05.1996

Member with signing authority Brunschweiler, Rudolf (Ruedi)

Citizen: Erlen, Riedt, Switzerland

Residential address: Sirnach/TG, Switzerland

Born: 05.10.1958

joint signature of two

Registered since: 25.08.1994

Member with signing authority Leonhard, Martin

Citizen: Germany

Residential address: Rorschacherberg/SG, Switzerland

joint signature of two

Registered since: 21.06.2007

Member with signing authority Naier, Christof

Citizen: Austria

Residential address: Lustenau , Austria

joint signature of two

Registered since: 26.09.2012

Member with signing authority Wäspi, Martin

Citizen: Stein am Rhein, Switzerland

Residential address: Gams/SG, Switzerland

Born: 10.04.1958

joint signature of two

Registered since: 05.06.2013

Member with procuration Brocker, Heinz

Citizen: Altstätten, Switzerland

Residential address: St. Gallen/SG, Switzerland