MIRA
INFORM REPORT
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Report Date : |
25.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRESSTRADE
AG |
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Registered Office : |
Roemerstrasse
3 4153 Reinach/BL |
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Country : |
Switzerland |
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Date of Incorporation : |
19.10.2004 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Maschinenhandel |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
EUR 5.000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Overall assessment:
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Business
connections are permissible |
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detail assessment: |
payments: |
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Regular
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Individual credit
limit*: |
EUR 5.000,-- |
Name
Presstrade AG
Line of Business
Maschinenhandel
Legal domicile
Roemerstrasse 3
4153
Reinach/BL
Switzerland
Telephone: 061 7162000
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: 19-10-2004
First
Publication: 25-10-2004
Last
Publication: 28-06-2007
Share
capital: 100.000
Paid up: 100.000
Divided
into: 100 Registered shares of 1.000
The transfer of registered shares is restricted by
regulations contained in Statutes.
Direct Parent
com.: Presstrade Holding AG, 4153
Reinach/BL,
Switzerland/CH.
Company
Management: Christiane Braun
Peter Bierhalter
Registered
translations of the Company name:
English Presstrade Ltd
French Presstrade SA
Registered
domicile 16-09-2005, 4153 Reinach/BL
Previous, 4000 Basel/BS
ACTIVITY
Sector: Wholesale
Activity:
The scope of
business encompasses the international trading with second-hand forming
machines, especially for drop-forged products and free-formed forgings as well
as cold extrusion work. These second-hand machines are acquired from Europeand
and north American businesses and sold to Asia.
Clients are
industrial enterprises.
Trading
area: Foreign/Abroad
Import/Export: The
company is active in Export, but not in Import.
Export: 100% of total turnover
EMPLOYEES
Number of
employees: 6
The overall
group employs 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 affairs are
considered to be in order.
Financial
Statements: The company does not disclose any financial statements.
Third parties are
however not permitted any detailed insight into the financial affairs.
According to
the information available to us, in Europe the Group generates sales of more
than 40 million Euro. Detailed figures are however not available.
Banker(-s)
UBS Ltd, 4310
Rheinfelden
Kommerzbank BB
Auditors
BDO Visura,
Basel
Premises
The premises
at the above mentioned address are rented.
In Germany in
Kehl am Rhein the Group owns a land property of 92,000 square meters.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Presstrade Holding AG, 4153
Reinach/BL, Switzerland/CH.
The following
company is recognized as a sister company of Presstrade Holding AG in
Switzerland:
- FPS AG,
Reinach BL
Theree exist
about 38 other sister companies throughout the world.
Based on the
information available to us the Group is engaged in a joint venture with a
company in China. The latter employs 8,000 staff.
BOARD OF DIRECTORS:
Christine
Braun, from Germany, in
Basel/BS/Switzerland,
President,
sole signature.
Peter
Bierhalter, from Germany, in
Rheinfelden/AG/Switzerland,
Member, sole
signature.
PERSONNEL INFORMATION:
Christine
Braun, born in 1972, lives at the Baeumlihofstrasse 154 in 4058
Basel.
There are no
detrimental reports on her business conduct.
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. |
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%)