MIRA INFORM REPORT

 

 

Report Date :

27.07.2007

 

IDENTIFICATION DETAILS

 

Name :

Blaser Trading AG

 

 

Registered Office :

Gueterstrasse 4, 3008 Bern/BE

 

 

Country :

Switzerland

 

 

Date of Incorporation :

26-06-1992

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trading of coffee, tea, cocoa, sugar, rice and other raw products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 125.000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 


 


Detail assessment:

payments:

 

The financial situation is good

 

Individual credit limit*:

EUR 125.000.--

 

 

Name

 

Blaser Trading AG

 

 

Line of Business

 

Rohkaffeehandel

 

 

Legal domicile

 

Gueterstrasse 4

3008 Bern/BE

Switzerland

Telephone:        031 3805656

Fax:                              031 3805666

Homepage:        www.blaser-cafe-ch

E-Mail:             blaser-trading@blaser-cafe.ch

 

 

CREDIT ADVICE

 

Requested credit:     Maximum credit

 

Credit opinion:       A maximum credit of EUR 125.000 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:                  26-06-1992

First Publication:            10-07-1992

Last Publication:            05-09-2006

Created by:                   By take over of the previous company.

                                    Year founded: 1922

                                    Legal form: Sole trader

 

History:

In the course of its history, the company also conducted its business activities under the form of an unlimited partnership and later of a limited partnership. The present joint stock company was established in 1992.

 

Share capital:     500.000

Paid up:              500.000

 

Divided into:       500 Registered shares of 1.000

 

Direct Parent com.:   Blacafe Holding AG, 3008 Bern/BE, Switzerland/CH with a share of 100%.

 

Company Management:   Markus Blaser, Marc Kaeppeli

                            Lambert Th. Koers, Adelio Bernini

                                       Sergio Prete

 

ACTIVITY:

Line of business: Coffee trade

Sector: Wholesale

 

Activity:

The company is involved in the trading of coffee (95 %), tea, cocoa, sugar, rice and other raw products.

 

80 - 90 % of the business activities are conducted abroad.

 

The company however disposes of several storing locations at several European harbours.

 

Trading area:  Worldwide, International

 

Import/Export: The company is active in Import and Export.

 

Import: South America

 

EMPLOYEES:

Number of employees:  20

 

In addition, the company also employs temporary staff on demand.

 

The group employs approximately 50 - 60 persons.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:  Information only available against proof of interest.

 

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 situation is good.

 

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

 

Third parties are however not permitted any detailed insight into the financial affairs.

 

 

Takeover from:               Walter Blasers Erben

                                                Kommanditgesellschaft

                                                3000 Bern/BE

Type:                            Take over on incorporation

Registered on:               26-06-1992

Contract date:                17-06-1992

Balance Sheet per:        31-12-1991

Assets:                         25.611.767

Liabilities:                                  21.529.005

Take over price:             4.082.761

Charge on capital:          500.000

 

Following its foundation, the company acquired the coffee trading business.

 

Banker(-s): UBS Ltd, 3000 Bern

 

Auditors: Ernst & Young AG, Bern

 

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

 

Property owner:

Blaser Cafe AG, Bern

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Direct Parent com.:   Blacafe Holding AG, 3008 Bern/BE, Switzerland/CH with a share of 100%.

 

Shareholder(s): Blacafe Holding AG, Bern.

 

The shares of the parent company are held by the Blaser family.

 

Blacafe Holding AG also has participatory investments in the following companies:

 

- Blaser Cafe AG, Berne

- Mercantil AG, Berne

- Blaser Wolther's Speciality Trading Ltd., Plantation/FL USA

 

Investments:          No investments apparent.

 

BOARD OF DIRECTORS:

Markus Blaser, from Walkringen, in Guemligen/BE/Switzerland,

President, sole signature.

Peter Schneider, from Arni bei Biglen, in Liebefeld/BE/Switzerland,

Vice President, Director, collective signature.

Margrit Blaser-Werfeli, from Walkringen, in Liebefeld/BE/Switzerland,

Member, sole signature.

 

MANAGEMENT:

Marc Kaeppeli, from Wynau, in Bern/BE/Switzerland,

Member of the Management board, collective signature.

Lambert Th. Koers, from Netherlands, in Schuepfen/BE/Switzerland,

Member of the Management board, collective signature.

Adelio Bernini, from Italy, in Langnau im

Emmental/BE/Switzerland,

Director, collective signature.

Sergio Prete, from Italy, in Bern/BE/Switzerland,

Vice Director, collective signature.

Daniel L. Badilatti, from Poschiavo, Zuoz, in Zuoz/GR/Switzerland,

Authorised signatory, collective signing authority.

Dominik Bangerter, from Bern, Wengi, in Hinterkappelen/BE/Switzerland,

Authorised signatory, collective signing authority.

Beatrice Christen-Zuercher, from Wolfenschiessen, in Niederwangen/BE/Switzerland,

Authorised signatory, collective signing authority.

Juergen W. Schenk, from Germany, in Schoenbuehl-Urtenen/BE/Switzerland,

Authorised signatory, collective signing authority.

Stefano Zoratti, from Bern, in Bern/BE/Switzerland,

Authorised signatory, collective signing authority.

 

PERSONNEL INFORMATION:

Markus Blaser, born in 1946, lives at the address Vorackerrain 8 in Guemligen.

 

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

 

FURTHER MANDATES:

Markus Blaser:

- Blaser Cafe AG, Bern

- Mercantil AG, Bern

- Blacafe Holding AG, Bern

- reservesuisse, Bern

- Association suisse des negociants en cafe, Lausanne

 

 


 

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