MIRA INFORM REPORT

 

 

Report Date :

29.12.2007

 

IDENTIFICATION DETAILS

 

Name :

Begruenungen Hunn AG

 

 

Registered Office :

Pilatusstrasse 14 5630 Muri/AG

 

 

Country :

Switzerland

 

 

Date of Incorporation :

16-04-1980

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

The company is active in the field of landscaping and specialises in hydro-seeding.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 10.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 


Detail assessment:

Payments:

 

The financial affairs are considered to be in order.

 

 

Individual credit limit*:

EUR 10.000.--

 

 

Name

 

BEGRUENUNGEN HUNN AG

 

 

Line of Business

 

Gartenbau, Gartenpflege

 

 

Legal domicile

 

Pilatusstrasse 14

5630 Muri/AG

Switzerland

Telephone:        056 6642225

Fax:                              056 6642925

Homepage:       www.begruenungen-hunn.ch

E-Mail:                          info@begruenungen-hunn.ch

 

 

CREDIT ADVICE

 

Credit opinion:       A maximum credit of EUR 10.000 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

First Publication:            16-04-1980

Last Publication:            23-11-2005

Share capital:                100.000

Paid up:                        100.000

Divided into:                   100 Shares of 1.000

 

Direct Parent com.:   Hydrosaat AG, 1717 St. Ursen/FR, Switzerland/CH.

 

Company Management:   Franz Brunner

 

ACTIVITY:

Line of business:   Landscaping, planting

Sector:                  Agricultural business

 

Activity:

The company is active in the field of landscaping and specialises in hydro-seeding. The scope of activity encompasses inter alia:

 

- Engineering biology

- Planting of roofs

- Natural fibres (straw, jute and coconut fibres)

- Trade in erosion products (mats, fabrics)

- Geotextiles

 

Sales distributions:  No branches.

 

EMPLOYEES:

Number of employees:  11

 

In full-time equivalents the company employs 10 to 11 people.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:    No legal actions, distraints or loss certificates registered.

 

                          Report from 12-05-2005, in 5630 Muri.

 

                                       2003                   2004                     2005

                        No.      Amount   No.      Amount   No.        Amount

Betreibungen    None          0       None         0        None          0

Pfaendungen

Verlustscheine

 

                          Report from 23-03-2001, in 5630 Muri.

 

A current check of the legal actions requires a document of justification with a legitimate signature.

 

There are no recorded complaints on the business conduct of the company and current liabilities are settled in an orderly manner.

 

FINANCIAL DATA:

 

Financial position:   The financial affairs are considered to be in order.

 

Financial Statements: The company does not disclose any financial statements.

 

Takeover from:          Hunn Sempreverde SA

                                  6764 Chiggiogna/TI

Type:                         Take over as a result of merger

Registered on:           29-06-2001

Contract date:            27-06-2001

Balance Sheet per:    01-01-2001

Assets:                       90.679

Liabilities:                   4.200

 

Banker(-s):  UBS Ltd, 5610 Wohlen

 

Auditors:  PricewaterhouseCoopers AG, Bern

 

Premises: The premises at the above mentioned address are rented.

 

Real estate property: No real estate is owned.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Direct Parent com.:   Hydrosaat AG, 1717 St. Ursen/FR, Switzerland/CH.

 

Investments:  None.

 

BOARD OF DIRECTORS:

Rudolf Baechler, from Kreuzlingen, in Steffisburg/BE/Switzerland,

President, collective signature.

Kurt Hauser, from Naefels, in Thun/BE/Switzerland,

Member, collective signature.

Walter Kohli, from Saanen, in Muenchenbuchsee/BE/Switzerland,

Member, collective signature.

Walter Tschirren, from Niedermuhlern, in Marly/FR/Switzerland,

Member, collective signature.

 

MANAGEMENT:

Franz Brunner, from Berikon, in Dintikon/AG/Switzerland,

General Manager, collective signature.

 

PERSONNEL INFORMATION:

Rudolf called Ruedi Baechler is married to Meieli Baechler and lives at the address Traubenweg 79 in 3612 Steffisburg.

 

The top-level members of the management enjoy a good reputation in business affairs.

 

FURTHER MANDATES:

Rudolf Baechler:

- Baechler + Guettinger AG, Bern

- Hydrosaat AG, St. Ursen

- Baechler + Guettinger AG, Granges-Paccot

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions