MIRA INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ATTIAS TEXTILES SA |
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Registered Office : |
Case Postale, 1026, Denges / VD |
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Country : |
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Date of Incorporation : |
22.07.1987 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Textiles |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
EUR 1.000.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Detail Assessment: |
Payments: |
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The payments
are made promptly and the business conduct is
considered correct |
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Individual Credit Limit*: |
EUR 1.000.000. |
Name of the company
Attias Textiles SA
Line of Business
Textiles
Legal domicile
Route de la Pale 3
1026 Denges/VD
Business address
Case postale
1026 Denges/VD
Telephone : 021 8040721
Fax : 021 8040700
Homepage : www.attiastextiles.ch
E-Mail : info@teddys.ch
CREDIT ADVICE
Credit opinion:
A maximum credit of EUR
1.000.000 is considered in order.
This credit advice is based
on information available at the time of conducting the research, being the
above indicated date.
All amounts in this report
are given in Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form :
Joint stock company
Registration :
22-07-1987
First Publication :
03-08-1987
Last Publication :
28-03-2007
History:
This company, created in
1974 by Theodore Attias, was taken over in 2001 by Madison Private Equity
Holding, an independent group of Swiss investors.
Since October 2005, Attias
Textiles SA belongs to the Alemmanic group Schmidt.
Share capital :
500.000
Paid up :
500.000
Divided into :
500 Special registered shares of 1.000
Direct Parent com.: Schmidt Group
(Schweiz) Holding AG, 4000 Bale/BS, Switzerland/CH with a share of 100%.
Company Management: Jan-Peter Schmidt
Registered translations of the Company name:
German Attias Textiles Ltd
German Attias Textilien AG
ACTIVITY:
Line of business : Trade
in textiles
Sector : Wholesale
Activity:
The company is engaged in
the wholesale of pret-a-porter, mainly of the brand TEDDY'S (leisure clothes,
jeans, and sportswear).
It sells clothing for women,
men and children by means of a network of more than 400 clients having more
than 800 points of sale.
It owns a shop at the above
mentioned address and an exhibition centre close to TMC Textil - und
The customer base mainly
includes hypermarkets, specialist fashion retailers and boutiques.
From February 2007, TEDDY'S
was also available in German shops.
Attias Textiles also runs
DETTO FATTO.
Since May 2006, the company
transferred its computer service and books to Hamburg (D).
Warehouse and customer
service are at Denges.
Marks, Production :
TEDDY'S - DETO FATO
Import :
Significance : It is one of the leading companies in its
business sector.
EMPLOYEES:
Number of employees: 50
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions, distraints or loss
certificates registered.
Report from 09-05-2005,
in 1110 Morges.
2003 2004 2005
No. Amount
No. Amount No.
Amount
Betreibungen None 0
None
0 None 0
Pfaendungen
Verlustscheine
A current check of the
legal actions requires a document of justification with a legitimate signature.
The payments are made
promptly and the business conduct is considered correct
FINANCIAL DATA:
Financial position: The financial situation is considered first
rate.
Key figures (in CHF
1.000.000):
31.12.2002
Estimates
Sales 55.0
Currently, the turnover is
no longer given.
Banker (-s) :
UBS Ltd, 1000
Auditors :
Business Pro Sarl, Saint-Legier-La Chiesaz
Premises :
The premises at the above mentioned address are rented.
Building belongs to
"Teddy's Immeubles SA" in Denges, company whose sole director is Dr
Bernhard Heusler.
Fiscal taxation: Year Income Net
Worth
1993/1994
2.146.700 15.167.000
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Schmidt
Group (Schweiz) Holding AG, 4000 Bale/BS, Switzerland/CH with a share of 100%.
Ultimate Parent com.:
Schmidt Group,
Shareholder(s):
Schmidt Group (Schweiz)
Holding AG,
Schmidt Group (Schweiz) Holding AG, Aeschenvorstadt 55, c/o Dr Bernhard Heusler,
It 100% belongs to German
shareholders.
Schmidt Group also
represents other known brands such as CHIEMSEE, TOMSTER USA, KAPPA Deutschland, etc.
BOARD OF DIRECTORS:
Dr. Bernhard Heusler, from Basel, in
Binningen/BL/Switzerland,
Sole Member, sole
signature.
MANAGEMENT:
Jan-Peter Schmidt, from
Hambourg/Germany,
General Director, sole
signature.
Juergen Loreth, from
Director, collective
signature.
Peter Schmidt, from
Authorised signatory, sole
signature.
PERSONNEL INFORMATION:
Dr Bernhard Heusler lives
at 4102 Binningen, Rottmannsbodenstrasse 98.
He is a lawyer notary and
runs an office at 4010 Bale, Aeschenvorstadt 55.
He features on the Boards
of more than 15 firms.
FURTHER MANDATES:
Dr Bernhard Heusler:
- Axas AG, Bale
- FC Basel Holding AG, Bale
- John Valentine Fitness
Club Basel AG, Bale
- Montana Sport AG, neuendorf
- O.T. Drescher AG, Bale etc.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)