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MIRA INFORM REPORT
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Report No. : |
508985 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
STRAUSAK AG |
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Registered Office : |
Alte Bernstrasse 53, 4573 Lohn-Ammannsegg/SO |
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Country : |
Switzerland |
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Year of Establishment : |
1923 |
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Com. Reg. No.: |
241.3.002.032-5 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
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Manufacture of Other Machine Tools. ·
The company engages in the design, development, manufacture and
distribution of grinding machines for the grinding industry. |
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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 : |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, 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 economic instability in Russia and other eastern European economies drove 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 through 2017.
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.
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Source
: CIA |
Company
name and address
STRAUSAK AG
Operating address:
Alte Bernstrasse
53
4573 Lohn-Ammannsegg/SO
Switzerland/CH
Telephone: +41
326775555
Fax: +41
326775566
Web site: http://www.strausak-swiss.ch
E-mail: info@strausak-swiss.ch
WIN Worldbox No.: CH0000146321
VAT-No.: CHE-109.491.478
MWST
UID-No.: CHE109491478
Profile
Established: 1923
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2849 Manufacture of
other machine tools
Import/Export: Export
Banks: Baloise
Bank SoBa
Operational Figures
Coverage: Company
Figures: estimated
Financial year: 2018
Employees: 10-19
Activity
The company engages
in the design, development, manufacture and distribution of grinding machines for
the grinding industry.
Products:
The U-Grind
The C-Grind
The W-Dress
Operations and
Branches:
At the address, Alte
Bernstrasse 53, 4573 Lohn-Ammannsegg, Switzerland, we find the office of the
company.
Real Estate
Real Estate: The
company does not appear to own any property.
Company Register
Company No: 241.3.002.032-5
UID-No.: CHE109491478
Legal form: Company
limited by shares
Registration: 22.02.2002
Legal status: active
Responsible Register: Handelsregister des Kantons Solothurn
History: Date
of Statutes: 25.06.2014
Date
of Statutes: 22.05.2012
Entry Deleted Name
22.02.2002 Strausak
AG
22.02.2002 Strausak
SA (Name translated)
Entry Deleted Legal domicile
22.02.2002 Lohn-Ammannsegg,
Switzerland
Entry Deleted Address
22.06.2011 Alte
Bernstrasse 53, 4573 Lohn-Ammannsegg/SO, Switzerland/CH (Business address)
22.02.2002 22.06.2011 Kapellenstrasse 22, 4573 Lohn-Ammannsegg,
Switzerland/CH
Entry Deleted Capital
01.07.2014 Share
Capital CHF 5,000,000, paidup CHF 5,000,000
22.02.2002 01.07.2014 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
01.07.2014 5,000,000
Registered shares of CHF 1.--
28.06.2012 01.07.2014 100,000 Registered shares of CHF 1.--
22.02.2002 28.06.2012 100 Registered shares of CHF 1,000.--
Official Administration
Title Name
President Frôté,
Gilles
Citizen:
La Baroche, Switzerland
Residential
address: 2520 La Neuveville/BE, Switzerland
joint
signature of two
Registered
since: 02.03.2011
Director Queloz,
Cédric Michael
Citizen:
Saint-Brais, Switzerland
Residential
address: 2017 Boudry/NE, Switzerland
joint
signature of two
Registered
since: 02.03.2011
Management
Title Name
Director Condrau,
Alexandre Stéphane
Citizen:
Disentis/Mustér, Switzerland
Residential
address: Tavannes, Switzerland
joint
signature of two
Registered
since: 26.02.2014
Member with signing authority Badoud, Pierre-Alain Thierry
Citizen:
Neuchâtel, Switzerland
Residential
address: Donatyre (Avenches), Switzerland
joint
signature of two
Registered
since: 26.02.2014
External Positions
Title Name
Auditor BDO
AG ,
Residential
address: Biel/Bienne, Switzerland
Id:
CHE-305.494.906
Registered
since: 13.04.2015
Direct owner/-s
Owner: The
company is domestic owned.
Class: 50-100%,
directly held
Name: Rollomatic
Holding SA
City/Country: Le
Landeron/NE, Switzerland/CH
Interest: 0,00%
capital interest
It was not possible
to determine the exact percentage of ownership as Under Swiss Company Law,
limited companies (AG, SA, LTD.) are not required to file information on
shareholders of a company.
Investments
It is believed that
the company has no investments.
Sisters
Name: Rollomatic
SA
City/Country: Le
Landeron/NE, Switzerland/CH
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal Actions
Control date Year No. Amount CHF Status
20.02.2017 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 1 1,854.-- Paid legal actions
31.12.2010 2010 1 6,250.-- Opposition filed
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.
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: Financial obligations are paid promptly.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.72 |
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1 |
INR 91.65 |
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Euro |
1 |
INR 79.89 |
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CHF |
1 |
INR 67.94 |
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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NIY |
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Report Prepared
by : |
NIT |
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.