MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
LAESSER AG |
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Registered Office : |
Hohenemserstrasse
17, 9444 Diepoldsau/SG |
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Country : |
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Date of Incorporation : |
30-06-1980 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of embroidery machines |
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 250.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Detail assessment: |
payments: |
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There are no
complaints about the mode of payment and business conduct. |
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Individual credit
limit*: |
EUR 250.000,-- |
Name
LAESSER AG,
Stickmaschinen - Embroidery Machines
Line of Business
Textilmaschinen
Legal domicile
Hohenemserstrasse 17
9444 Diepoldsau/SG
Telephone: 071 7379292
Fax: 071 7379293
Homepage: www.laesser.ch
E-Mail: sales@laesser.ch
CREDIT ADVICE
Requested credit: Maximum credit
Credit opinion: A maximum
credit of EUR 250.000 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: 30-06-1980
First Publication: 01-03-1972
Last Publication: 11-10-1999
Created by: By take over of the previous company.
Year founded: 1954
Legal form: Sole trader
Previous company: Franz Laesser-Frei, mech. Werkstaette
9444 Diepoldsau/SG
Year founded: 1972
Legal form: Sole trader
Share capital: 150.000
Paid up: 150.000
Divided into: 150 Registered shares of 1.000
The transfer of registered shares
is restricted by regulations contained in Statutes.
Shareholders: It is a family owned joint stock company.
Shareholders are the family
Laesser.
Company Management: Franz
Laesser
Registered name 11-10-1999 LAESSER AG, Stickmaschinen -
Embroidery Machines
Previous
Franz Laesser AG
ACTIVITY:
Line of business: Manufacture of embroidery machines
Sector:
Manufacture/Wholesale
Activity:
The Franz Laesser AG is engaged in the construction and manufacture of
embroidery machines.
Representation : Laesser
Nakis Makineleri Ltd., Istanbul/Turkey, TR
Trading area: Worldwide
Import/Export: The company is
active in Import and Export.
EMPLOYEES:
The company employs more than
200 people.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions : Information only
available against proof of interest.
There are no complaints about
the mode of payment and business conduct.
FINANCIAL DATA:
Financial position: The financial situation is good.
Financial Statements: The
company provides no financial statements.
Key figures (in CHF 1.000):
31.12.2005 31.12.2004
31.12.2001
Sales
100'000.0 112'000.0 65'000.0
Significant amounts of capital have been invested into the corporate infrastructure. According to well known information, there
has been in 2006 a turnover of around CHF 100 mio.
Current financials have not been released, are not known respectively,
up to the present date.
Banker(-s): UBS Ltd, 9435 Heerbrugg
Cantonal Bank
of St. Gallen, 9444 Diepoldsau
Auditors : Revidas Revisionsgesellschaft AG, St. Gallen
Real estate property: Real
estate is owned.
The real estate property comprises the manufacturing, office and storing
premises, including the new property, finished in 1996. The current value has
been announced to amount to approximately CHF 15 million. The volume of the
potential mortgage thereon is not known.
Fiscal taxation: Information only available against proof
of interest with a valid signature.
COMPANY AND PERSON RELATIONS
BOARD OF DIRECTORS:
Franz Laesser, from
Diepoldsau, in Diepoldsau/SG/Switzerland,
President,
sole signature.
Anton Laesser, from Diepoldsau, in
Diepoldsau/SG/Switzerland,
Member, sole
signature.
MANAGEMENT:
Paula Laesser-Frei, from Diepoldsau, in
Diepoldsau/SG/Switzerland,
Authorised signatory, sole signature.
PERSONNEL INFORMATION:
Franz Laesser, born in 1954, lives at the Centralstrasse 1 in 9444
Diepoldsau.
Anton Laesser is married to Anita nee Kuster and is resident at the
address Rheinstaepflistrasse 6 in 9444 Diepoldsau. The couple has four
children. Anton Laesser is registered as a plant manager by profession.
There are no detrimental reports on the mentioned persons' business
conduct.
FURTHER MANDATES:
Franz Laesser:
- Laesser
Holding AG, Diepoldsau
- Laesser
Immobilien AG, Diepoldsau
Anton Laesser:
- Laesser
Holding AG, Diepoldsau
- Laesser
Immobilien AG, Diepoldsau
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%)