MIRA
INFORM REPORT
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Report Date : |
12th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SALLMANN AG |
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Registered Office : |
Weinfelderstrasse 15, 8580
Amriswil/TG, Switzerland |
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Country : |
Switzerland |
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Date of Incorporation : |
07.05.1983 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Manufacture and sale of knitwear and jersey. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 150.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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overall
assessment: |
300 |
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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 150.000.-- |
* individual credit limit is to be understood as the
highest possible engagement for a supplier delivering goods or rendering services on open terms with an average
respite of 60 days.
Name
Sallmann AG
Line of Business
Textilfabrikation
Legal domicile
Weinfelderstrasse 15
8580 Amriswil/TG
Switzerland
Telephone: 071
4142444
Fax: 071
4142455
Homepage: www.isabodywear.ch
E-Mail: isa@isabodywear.ch
CREDIT ADVICE
Credit opinion:
A maximum credit amount of
EUR 150.000 can be taken into consideration.
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 : 07-05-1983
Last Publication : 16-10-2006
History
The company has been long established and
dates back to 1848.
Share capital
1.100.000
Divided
into: 2.200 Registered shares of 500 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 Sallmann.
Company Management
Andreas Sallmann
ACTIVITY
Line of business : Manufacture and sale of knitwear and jersey
Sector :
Manufacture/Wholesale
Activity
Sallmann AG is involved in the manufacture
of day and night lingerie for ladies and men and conducts its business activities
also under the designation "ISA Bodywear".
The company is official distributor for
OLYMP shirts as well as MONTE CARLO pullovers. In Switzerland, the subject
represents the FALKE products in the areas of ladies hoisiery, men's stockings
and sportswear.
Products
The product range includes, inter alia:
- knitted men's and ladies bodywear
- knitted kidswear
- Pyjamas
- Sports stockings
- Nighties
- Skiing bodywear
- T-shirts
- etc.
Trading area
Switzerland, Foreign/Abroad
Import/Export
The company is active in Import and
Export.
Export
15% of total turnover Austria, Germany,
Italy
Import
Europe
EMPLOYEES
Number of employees: 65
The group employs a total of 280 people,
of whom about 180 at the Portugal-based subsidiary (sewing factory).
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions, distraints or loss certificates
registered.
Report from 11-03-2005, in 8580 Amriswil.
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.
There are no complaints about the mode of
payment and business conduct.
Result of a supplier interview from
15.02.2007:
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Annual business volume: CHF 100 - 500,000.-
Payment conditions: 10
days with 3 % cash discount
Mode of payment: 10 days
with 3 % cash discount
Business conduct: good client
FINANCIAL DATA
Financial position : The financial situation is good.
Financial Statements : The company provides no
financial statements.
Key figures (in CHF 1.000.000):
31.12.2006
31.12.2005 31.12.2002 31.12.2001
Sales 30.0 29.0
26.0 25.0
Consolidated key figures (in CHF
1.000.000):
Sallmann-Gruppe
31.12.2006 31.12.2005 31.12.2002
31.12.2001
Sales 38.0 37.8
35.0 35.0
Employees 280 290 290
Employees Switzerland 65 65
Banker(-s)
Credit Suisse (CS), 9000 St. Gallen
Cantonal Bank of Thurgau (TKB), 8580
Amriswil
Postfinance
Auditors
Gisler & Partner Wirtschaftsberater - Wirtschaftspruefer, Bottighofen
Real estate property
Real estate is owned.
Property
Location : Weinfelderstrasse 15, Amriswil
Object : Business premises
Because of tax regulations in the Canton
of Thurgovia the current value and the mortgage of the property are not
obtainable.
Fiscal taxation
Information only available against proof
of interest with a valid signature.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Shareholder(s):
Andreas
Sallmann, Amriswil (Influential shareholder).
Direct Investments:
Ajotex SA, Porrentruy/JU.
Hermo Herrenmode
AG, St. Gallen/SG.
ISA Bodywear Handels GmbH, Goetzis, Austria/AT
(100.0% since 1999).
Jerisa Lda., Porto, Portugal/PT.
The Sallmann AG has its own staff pension
fund.
BOARD OF DIRECTORS
Andreas Sallmann, from Amriswil, in
Amriswil/TG/Switzerland,
Sole Member, sole signature.
MANAGEMENT
Jonas Aranya, from Austria, in
Sommeri/TG/Switzerland,
Authorised signatory, collective signing authority.
Juerg Keel, from Rebstein, in
Maerwil/TG/Switzerland,
Authorised signatory, collective signing authority.
PERSONNEL INFORMATION
Andreas Sallmann was born on 25.10.1956.
He is married to Doris born Minder. The couple lives at Sonnenstrasse 8 in
Amriswil.
There are no detrimental reports on his
business conduct.
FURTHER MANDATES
Andreas Sallmann:
- Ajotex SA, Pruntrut
- Societe Immobiliere Ajotex SA, Pruntrut
- Schweizerische Textilfachschule, Wattwil
- Personalstiftung Sallmann AG, Amriswil
- Hermo Herrenmode AG, St. Gallen
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%)