3decades

MIRA INFORM REPORT

Report No. :	510369
Report Date :	26.05.2018

IDENTIFICATION DETAILS

Name :	SOUDRONIC AG

Registered Office :	Industriestrasse 35, 8962 Bergdietikon/AG, Switzerland/CH

Country :	Switzerland

Date of Incorporation :	1953

Com. Reg. No.:	400.3.022.163-8

Legal Form :	Company Limited by Shares

Line of Business :	The company develops, builds and installs superior resistance welding solutions for a variety of applications specific to the metal packaging industries. The range of products includes single components as well as comprehensive, turnkey manufacturing systems. The company's sales and service network covers more than 120 countries.

No. of Employees :	300

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow

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

(30.09.2017)

Current Rating

(31.12.2017)

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 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.

Source : CIA

Company name

SOUDRONIC AG

Operating Address

Industriestrasse 35

8962 Bergdietikon/AG

Switzerland/CH

Telephone: +41 44 7436666

Fax: +41 44 7436699

Web site: http://www.soudronic.com

E-mail: info@soudronic.com

WIN No.: CH0000030035

VAT-No.: CHE-105.956.805 MWST

UID-No.: CHE105956805

Profile

Established: 1953

History: 1953: Established from Paul Opprecht

Line of Business: Machinery, Consumer goods wholesale

Industry Division: Manufacturing, Wholesale trade

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

4669 Wholesale of other machinery and equipment

Import/Export: Import, Export

Banks: CS Credit Suisse

UBS Ltd

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2017

Employees: 300

Sales: CHF 100-200 Mio

Activity

The company develops, builds and installs superior resistance welding solutions for a variety of applications specific to the metal packaging industries. The range of products includes single components as well as comprehensive, turnkey manufacturing systems. The company's sales and service network covers more than 120 countries.

Operations and Branches:

At the address, Industriestrasse 35, 8962 Bergdietikon, Switzerland, we find office of the company.

Real Estate

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

Company Register

Company No: 400.3.022.163-8

UID-No.: CHE105956805

Legal form: Company Limited by Shares

Registration: 09.02.2001

Legal status: active

Responsible Register: Handelsregister des Kantons Aargau

History: Date of Statutes: 20.10.2010

Date of Statutes: 18.04.2007

Date of Statutes: 13.09.2006

Date of Statutes: 16.08.2006

Date of Statutes: 09.12.2005

Date of Statutes: 03.04.2001

Date of Statutes: 20.03.2001

Date of Incorporation Statutes: 08.02.2001

Entry Deleted Name

23.04.2001 Soudronic AG

09.02.2001 23.04.2001 Soudronic Holding AG

Entry Deleted Legal domicile

09.02.2001 Bergdietikon, Switzerland

Entry Deleted Address

09.02.2001 Industriestrasse 35, 8962 Bergdietikon/AG, Switzerland/CH

Entry Deleted Capital

08.08.2007 Share Capital CHF 1,000,000, paidup CHF 1,000,000

Entry Deleted Capital Structure

08.08.2007 1,000,000 Registered shares of CHF 1.--

Entry Deleted Remarks

08.06.2006 Merger: On 31.05.2006 the company merged with Elpatronic AG, based in Bergdietikon (CH-170.3.002.060-2).

05.04.2004 Merger: On 01.03.2004 the company merged with Schweissmaschinen AG, based in Bergdietikon. On 01.03.2004 the company merged with SPS Precision Tools AG, based in Bergdietikon.

23.04.2001 Merger: On 03.04.2001 the company merged with Soudronic AG, based in Bergdietikon.

29.03.2001 Merger: On 27.03.2001 the company merged with Topco Holding AG, based in Bergdietikon.

Official Administration

Title Name

President, Chief Executive Guyer, Jakob

Citizen: Seegräben, Switzerland

Residential address: Wollerau, Switzerland

joint signature of two

Registered since: 23.04.2001

Director Ammann, Peter

Citizen: Bünzen, Switzerland

Residential address: 5614 Sarmenstorf/AG, Switzerland

joint signature of two

Registered since: 23.04.2001

Director Statunato, Rocco

Citizen: Italy

Residential address: Freienstein-Teufen/ZH, Switzerland

joint signature of two

Registered since: 23.04.2001

Management

Title Name

Member with procuration Dieterich, Daniel

Citizen: Frauenfeld, Switzerland

Residential address: Hittnau, Switzerland