MIRA INFORM REPORT

 

 

 

Report Date :

20.05.2008

 

IDENTIFICATION DETAILS

 

Name :

ROTORCRAFT AG

 

 

Registered Office :

Bafflesstrasse 14 9450 Altstaetten/SG

 

 

Country :

Switzerland

 

 

Date of Incorporation :

30.04.1973

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture/Commercial and Industrial Services

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 15.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

Name               

 

Rotorcraft AG

 

 

Line of Business   

 

Spinnereitechnik

 

 

Legal domicile    

 

Bafflesstrasse 14

9450 Altstaetten/SG

Switzerland

Telephone:                    071 7578950

Fax:                              071 7578951

Homepage:                    www.oe-rotorcraft.com

E-Mail:                          info@oe-rotorcraft.com

 

overall assessment:

 

 

Business connections are permissible.

detail assessment:

payments:

 

regular

 

individual credit limit*:

EUR 15.000,--

 

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

First Publication:            30-04-1973

Last Publication:            23-02-2007

Created by:                   The company was newly established.

Share capital:                300.000

Paid up:                        300.000

Divided into:                   300 Registered shares of 1.000

Company Management:   Hans Stahlecker

                                    Andreas Fischer

Registered name            25-10-2006 Rotorcraft AG

                                    Previous   Holding fuer Industriebeteiligungen

                                    Altstaetten AG

 

 

 

 

ACTIVITY

 

Line of business:            Machines and wear parts

Sector:                          Manufacture/Commercial and industrial services

 

Activity:

The company is devoted to the development and manufacturing of machines

and wear components, especially in the field of spinning solutions.

 

 

Trading area:         Switzerland, Foreign/Abroad

 

 

EMPLOYEES

 

Number of employees:  30

 

*** ATTENTION: The following Text must be translated ***

Es werden zwischen 20 und 30 Personen beschaeftigt.

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

Legal actions:        No legal actions, distraints or loss certificates registered.

 

                      Report from 25-04-2007, in 9450 Altstaetten.

 

                                                2005                 2006                 2007

                                     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.

 

 

FINANCIAL DATA:

 

Financial position:   The financial affairs are considered to be in order.

 

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

 

 

Banker(-s)        

 

Clientis-Bienne Bank AG, Altstaetten

 

Auditors           

 

Schelling Treuhand GmbH, Au SG

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

Shareholder(s):

                      Hans Stahlecker, Rorschacherberg (Main

                      shareholder).

 

Direct Investments:

                      Maschinenfabrik Altstaetten AG, Altstaetten.

                      Patent-Gesellschaft Altstaetten AG, Altstaetten.

 

 

BOARD OF DIRECTORS:

                      Hans Stahlecker, from Germany, in

                      Rorschacherberg/SG/Switzerland,

                      President, sole signature.

                      Andreas Fischer, from Germany, in

                      Rorschacherberg/SG/Switzerland,

                      Managing Director, collective signature.

                      Albine Fischer-Stahlecker, from Germany, in

                      Rorschacherberg/SG/Switzerland,

                      Member, collective signature.

                      Kurt Lang, from Germany, in Lauterstein/Germany,

                      Member, collective signature.

                      Friedbert Schmid, from Germany, in Bad

                      Ueberkingen/Germany,

                      Member, collective signature.

 

 

MANAGEMENT:

                      Rene Faeh, from Benken SG, in

                      Arnegg/SG/Switzerland,

                      Authorised signatory, collective signature.

 

 

PERSONNEL INFORMATION

 

Hans Stahlecker, born in 1927, lives at the address Hofstrasse 32 in

9404 Rorschacherberg.

 

There are no detrimental reports on the mentioned persons' business

conduct.

 

 

 

 

 

 

FURTHER MANDATES

 

Hans Stahlecker

- Maschinenfabrik Altstaetten AG, Altstaetten

- Patent-Gesellschaft Altstaetten AG, Altstaetten

 

 

 

 

 

 

                  

 

 

 


 

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.

 

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