MIRA
INFORM REPORT
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Report Date : |
12.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
Celfa
AG |
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Registered Office : |
Postfach 60, 6423 Seewen/SZ |
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Country : |
Switzerland |
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Date of Incorporation : |
28-02-1951 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing of films, papers and membranes. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR
400.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
detail assessment:
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payments: |
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The financial situation is good. |
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Individual credit limit*:
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EUR 400.000.-- |
Name
Celfa AG
Line of Business
Chemisch-Technische Produkte
Legal domicile
Bahnhofstrasse 92
6430 Schwyz/SZ
Business address : Postfach 60
6423
Seewen/SZ
Switzerland
Telephone: 041 8197111
Fax: 041 8197443
Homepage: www.folex.ch
E-Mail: int.sales@folex.ch
CREDIT ADVICE
Credit opinion: A maximum credit of EUR 400.000 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: 28-02-1951
Last Publication: 11-08-2006
Created by: The company
was newly established.
History:
The company has a family tradition going
back 140 years when light sensitive photo plates were produced at Frankfurt on
Main in 1860 by Dr. C. Schleussner, the company founder.
Share capital: 18.500.000
Paid up: 18.500.000
Divided into: 18.500 Registered shares of 1.000
History: 05-08-2003
18.500.000 Capital increase
10.000.000
Previous capital
Shareholders: It is a family owned joint stock company.
Shareholders are the family
Schleussner.
Company Management: Dr. W. Steinegger
ACTIVITY:
Line of business: Coating of film and paper specialities
Sector: Manufacture
Activity:
The company is involved in the
manufacturing of films, papers and membranes, all of which can be used in
combination with a range of current imaging technologies, such as Ink Jet,
laser printing or copying.
Sales are exclusively conducted via
subsidiaries.
In addition Celfa AG provides managerial
and coordination services within the group.
The company has been certified ISO 9001.
Products:
The product range includes, inter alia,
ink jet printers, clour laser printers, colour
copiers, mono copiers, digital presses, gravure printing, etc.
Locations:
Sales are exclusively conducted via the
subsidiary Folex AG, Schwyz, in Switzerland, as well as several subsidiaries
abroad.
Trading area: Switzerland, International
Import/Export: The company is active in Import and Export.
Export: America, Japan, Europe
Import : United Kingdom, Netherlands, France, America,
Italy
EMPLOYEES:
Number of employees: 140
The entire group employs around 250
people.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions, distraints or loss certificates registered.
Report from 07-10-2005, in 6431
Schwyz.
2003 2004 2005
No.
Amount No. Amount No. Amount
Betreibungen None
0 None 0
None 0
Pfaendungen
Verlustscheine
Report from 04-05-2004, in 6431 Schwyz.
Report from 12-09-2001, in 6431 Schwyz.
A current check of the legal actions
requires a document of justification with a legitimate signature.
Because of fiscal regulations in the
canton of Schwyz tax figures are no more available.
The settlement of liabilities is prompt.
The business is considered correct.
FINANCIAL DATA:
Financial position: The financial situation is good.
Financial Statements: The company does not
disclose detailed financial statements.
Consolidated key figures (in CHF 1.000):
Celfa-Gruppe
31.12.2005
Sales 72'000.0
Based on the information available to us
the group generates approximately 90 per cent of total sales outside
Switzerland.
Consolidated revenue figures for fiscal
2006 have not been released as yet.
Banker(-s): Credit Suisse (CS), 6430 Schwyz
UBS Ltd, 6430 Schwyz
Cantonal Bank of Schwyz (KBS), 6430 Schwyz
Auditors: Retraco AG, Schwyz
Real estate property: Real estate is
owned. Detailed information was not made available.
The company's own properties at Seewen,
Canton of Schwyz comprise a total area of approximately 20,000 m2 (buildings
included). The market value and the morgage debt are not known. In addition,
the company is proprietor of 20'000 m2 of land in the region of Seewen.
Fiscal taxation: Year Income Net Worth
Definate 2003 0 18.500.000
Definate/Cantonal 2000 0 14.536.000
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Investments:
Folex AG, Schwyz/SZ (100.0%).
Folex Coating GmbH, Koeln, Germany/DE
(100.0%).
Folex GmbH, Koeln, Germany/DE (100.0%).
Folex H. Schleussner Inc., Fairfield,
America/US (100.0%).
Folex KK, Tokyo, Japan/JP (100.0%).
Folex Ltd., Solihull, United Kingdom/GB
(100.0%).
Folex S.r.l., Trezzano, Italy/IT (100.0%).
Folex S.a.r.l., Buc, France/FR (100.0%).
Folex Technische Folien Ges. mbH, Wien, Austria/AT (100.0%).
As already mentioned above, the Celfa AG
primarily supplies the captioned investment respectively subsidiary firms,
which are also called "sales offices" inside the company.
BOARD OF DIRECTORS:
Dr. Martin Schleussner, from Germany, in
Koeln/Germany,
President, collective signature.
Alois Tschuemperlin, from Schwyz, St. Gallen, in
Pfaeffikon/SZ/Switzerland,
Vice President, collective signature.
Dr. Werner Steinegger, from Altendorf, in Schwyz/SZ/Switzerland,
Managing Director, Director, collective
signature.
Arno Birk, from Germany, in
Kronberg/Germany,
Member, collective signature.
Werner Inderbitzin, from Morschach, in
Brunnen/SZ/Switzerland,
Member, collective signature.
Carlfried W. Osenegg, from Germany, in Merlischachen/SZ/Switzerland,
Member, collective signature.
MANAGEMENT:
Toni Bunschi, from Buerglen UR, in Flueelen/UR/Switzerland,
Vice Director, collective signature.
Robert Meier, from Zuerich, in Lachen/SZ/Switzerland,
Vice Director, collective signature.
Dr. Peter C. Waelchli, from Zuerich,
Wynigen, in Schoenenberg/ZH/Switzerland,
Vice Director, collective signature.
Thomas Wirz, from Menziken, in Vitznau/LU/Switzerland,
Vice Director, collective signature.
Urs Aschwanden, from Isenthal, in Steinen/SZ/Switzerland,
Authorised signatory, collective signing
authority.
Erwin Blatter, from Oberegg, in Altdorf/UR/Switzerland,
Authorised signatory, collective signing
authority.
Herbert Buenter, from Luzern, in Luzern/LU/Switzerland,
Authorised signatory, collective signing
authority.
Albrecht Gaul, from Germany, in Schwyz/SZ/Switzerland,
Authorised signatory, collective signing
authority.
Alex Gmuender, from Herisau, in Brunnen/SZ/Switzerland,
Authorised signatory, collective signing
authority.
Louis Herzog, from Homburg, in Steinerberg/SZ/Switzerland,
Authorised signatory, collective signing
authority.
Roger Mathez, from Tramelan, in Cham/ZG/Switzerland,
Authorised signatory, collective signing
authority.
Paul Niggli, from Wolfwil, in Rudolfstetten-Friedlisberg/AG/Switzerland,
Authorised signatory, collective signing authority.
Peter Steinemann, from Opfertshofen SH, in Schwyz/SZ/Switzerland,
Authorised signatory, collective signing authority.
Josef Steiner, from Schwyz, in Brunnen/SZ/Switzerland,
Authorised signatory, collective signing
authority.
Walter Suter, from Schwyz, in Rickenbach/SZ/Switzerland,
Authorised signatory, collective signing
authority.
PERSONNEL INFORMATION:
Werner Steinegger is married to Norma
Steinegger nee Low and lives at the Schlagstrasse in 6430 Schwyz.
The top-level members of the management
enjoy a good reputation in business affairs.
FURTHER MANDATES:
Dr. Werner Steinegger:
- Dr. H. Schleussner AG Schwyz, Schwyz
- Druckerei Schwyz sz AG, Schwyz
- Folex AG, Schwyz
- Micro Center Central-Switzerland AG, Alpnach
- Tecton Holding AG, Luzern
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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