MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENGELBERT E.
STIEGER AG |
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Registered Office : |
Churerstrasse 27 9400
Rorschacherberg |
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Country : |
Switzerland |
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Date of Incorporation : |
23.12.1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and Export of
Textile Fabrics. |
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
50.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Engelbert E.
Stieger AG
Line
of Business
Gardinen und Dekorstoffe
Legal
domicile
Churerstrasse 27
9400 Rorschacherberg/SG
Business
address
Neuseeland 32
9400 Rorschach/SG
Switzerland
Telephone: 071
8869944
Fax: 071 8884812
Homepage: www.stieger.com
E-Mail: info@stieger.com
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overall
assessment: |
300 |
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Business connections are
permissible. |
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detail
assessment: |
payments: |
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No complaints |
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individual
credit limit*: |
EUR 50.000,-- |
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: 23-12-1999
First Publication: 29-12-1999
Last Publication: 18-02-2008
Created by: By take over of the previous company.
Original company: Engelbert E. Stieger Co.
9000 St. Gallen/SG
Legal form: Limited partnersip
History
The company dates back to 1962.
Share capital: 1.200.000
Paid up:
1.200.000
Divided into: 1.200
Registered shares of 1.000
The
transfer of registered shares is restricted by
regulations contained in Statutes.
Shareholders
The shares are in private ownership.
Company
Management
Christoph Stieger
Patrick Stieger
Registered domicile 24-02-2005,
9404 Rorschacherberg/SG
Previous, 9000 St. Gallen/SG
ACTIVITY
Line of business: Curtain
fabrics and furnishing materials
Sector:
Wholesale
Activity:
The company is involved in the import and export of textile fabrics.
Engelbert E. Stieger AG specialises in collections of – predominantly
Swiss made - curtain fabrics and furnishing materials in the mid-price segment.
Imports are very marginal. The Stieger Group is predominantly active in
Europe and in the USA.
The business has been certified ISO 9001. .
Trading
area
Worldwide
Import/Export
The company is active in Import and Export.
Export
60% of total turnover
Import
60% EEC countries
EMPLOYEES
Number of employees: 100
The number of employees is the number of the entire Group.
PAYMENT
AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal
actions, distraints or loss certificates registered.
Report from 14-02-2006, in 9400 Rorschach.
2004 2005
2006
No. Amount No.
Amount No. Amount
Betreibungen
None 0 None 0 None 0
Pfaendungen
Verlustscheine
Report from 16-06-2005, in
9404 Rorschacherberg.
0 0 0
No. Amount
No. Amount No.
Amount
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.
FINANCIAL
DATA
Financial position: The
financial affairs are considered to be in order.
Financial Statements: The company does not disclose detailed financial
statements.
Consolidated key figures (in CHF 1.000.000):
Stieger Gruppe
31.12.2007
Estimates
Sales 40.0
Takeover from: Engelbert E. Stieger Co.
9000 St. Gallen/SG
Type: Take over on incorporation
Registered
on: 23-12-1999
Balance
Sheet per: 30-06-1999
Assets: 30.180.127
Liabilities: 28.909.554
As
receivable: 70.572
Issued
share capital: 1.200.000
Banker(-s)
Credit Suisse (CS), 9000 St. Gallen
Bank Wegelin & Co., St. Gallen
Auditors
Dr. Rietmann
& Partner AG Wirtschaftspruefer und
Steuerberater, St. Gallen
Real estate property: Real estate is owned.
The owned properties include the business property at the above
captioned address as well as other objects. The market value and the scale of
the potential mortgage debt are not known.
Fiscal
taxation
No information is available due to
the local tax authority regulation.
COMPANY
AND PERSON RELATIONS
COMPANY CONNECTIONS:
Shareholder(s):
Christoph
Stieger, St. Gallen/SG (50.0%).
Patrick D. Stieger, St. Gallen/SG (50.0%).
Direct
Investments:
Kopp AG Textilveredlung,
Rorschach/SG (100.0%).
Siag-Heimtextilien AG,
Rorschacherberg/SG
(100.0%).
The companies in which Engelbert E. Stieger AG has investment holdings
are subsidiaries.
BOARD OF DIRECTORS:
Christoph Stieger, from Oberriet SG, in
St.
Gallen/SG/Switzerland,
President, sole signature.
Peter
Baumberger, from Bichelsee-Balterswil,
Goldach,
in Goldach/SG/Switzerland,
Member, collective signature.
Daniel
Kuenzli, from Gossau ZH, in
Teufen/AR/Switzerland,
Member.
Peter Pfiffner-Staubli, from Quarten, in
Abtwil/SG/Switzerland,
Member,
collective signature.
Engelbert E. Stieger, from Oberriet, in
Teufen/AR/Switzerland,
Member, sole signature.
MANAGEMENT:
Heinz Stieger, from
Oberriet SG, in
Speicher/AR/Switzerland,
Authorised
signatory, sole signing authority.
Heinrich Streiff, from Schwanden GL, in
Seuzach/ZH/Switzerland,
Authorised
signatory, collective signing
authority.
PERSONNEL
INFORMATION
Christoph Stieger, born in 1967, lives at the address Speichergasse 102,
9011 St. Gallen. He is a textile merchant by profession.
Peter Baumberger was born on 21.01.1959 and lives at the address Im
Quellenacker 21 in 9403 Goldach.
Daniel Kuenzli was born in 1948 and lives at the adress Unteres Hoerki
216
in 9053 Teufen.
There are no detrimental reports on the senior executives' business
conduct.
FURTHER
MANDATES
Christoph Stieger:
-
Siag-Heimtextilien AG, Rorschacherberg
- Kopp AG
Textilveredlung, Rorschacherberg
-
Siag-Heimtextilien AG, Teufen
Peter Baumberger:
- Forster
Rohner AG, St. Gallen
-
Inter-Spitzen AG, Oberbueren
- Kopp AG
Textilveredelung, Rorschacherberg
COMMENTS
Third parties are currently not permitted any insight into the subject's
corporate affairs. We have therefore not been able to double check and update
all of the enclosed informatin, including the number of employees, revenue,
bank connection etc.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.40 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.66.02 |
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%)