MIRA
INFORM REPORT
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Report Date : |
18.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
LAESSER AG, |
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Formerly Known as : |
FRANZ LAESSER AG |
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Registered Office : |
Hohenemserstrasse 17 9444
Diepoldsau/SG |
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Country : |
Switzerland |
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Date of Incorporation : |
30.06.1980 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Manufacture of Embroidery Machines |
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 250.000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
LAESSER AG,
Stickmaschinen - Embroidery Machines
Line of Business
Textilmaschinen
Legal domicile
Hohenemserstrasse
17
9444
Diepoldsau/SG
Switzerland
Telephone: 071
7379292
Fax: 071 7379293
Homepage: www.laesser.ch
E-Mail: sales@laesser.ch
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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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No complaints |
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individual
credit limit*: |
EUR 250.000,-- |
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: 30-06-1980
First
Publication: 01-03-1972
Last
Publication: 11-10-1999
Created
by: By take over of the previous company.
Year founded: 1954
Legal form: Sole trader
Previous
company: Franz Laesser-Frei, mech.
Werkstaette
9444
Diepoldsau/SG
Year
founded: 1972
Legal form: Sole trader
Share
capital: 150.000
Paid up: 150.000
Divided
into: 150 Registered shares of 1.000
The transfer of registered shares is restricted by
regulations contained in Statutes.
Shareholders
Direct Parent
com.: Laesser
Holding AG, 9444 Diepoldsau/SG,
Switzerland/CH with a share of 100.
Company Management
Franz Laesser
Registered
name 11-10-1999 LAESSER AG, Stickmaschinen -
Embroidery Machines
Previous Franz
Laesser AG
ACTIVITY
Line of
business: Manufacture of embroidery
machines
Sector: Manufacture/Wholesale
Activity:
The Franz
Laesser AG is engaged in the construction and manufacture of
embroidery
machines.
Representation: Laesser Nakis Makineleri Ltd.,
Istanbul/Turkey, TR
Trading
area: Worldwide
Import/Export: The company is active in Import and
Export.
EMPLOYEES
The company
employs more than 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.
Key figures
(in CHF):
According to our
information the turnover of the subject is around CHF 100 million.
However the
company's management declines to provide any further figures.
Banker(-s)
UBS Ltd, 9435
Heerbrugg
Cantonal Bank
of St. Gallen, 9444 Diepoldsau
Auditors
Revidas
Revisionsgesellschaft AG, St. Gallen
Real estate
property: Real estate is owned.
The real
estate property comprises the manufacturing, office and storing premises,
including the new property, finished in 1996. The current value has been announced
to amount to approximately CHF 15 million. The
volume of the
potential mortgage thereon is not known.
Fiscal
taxation: Information only
available against proof of interest with a valid signature.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Laesser Holding AG, 9444
Diepoldsau/SG,
Switzerland/CH
with a share of 100.
However, the
holding is controlled by the family Laesser.
At the same
address also the mothercompany Laesser Holding AG, as well as the affiliated
company Laesser Immobilien AG is domiciled.
BOARD OF
DIRECTORS:
Franz Laesser, from
Diepoldsau, in
Diepoldsau/SG/Switzerland,
President, sole signature.
Anton Laesser, from
Diepoldsau, in
Diepoldsau/SG/Switzerland,
Member, sole signature.
MANAGEMENT:
Paula Laesser-Frei, from
Diepoldsau, in
Diepoldsau/SG/Switzerland,
Authorised signatory,
sole signature.
PERSONNEL
INFORMATION:
Franz Laesser,
born in 1954, lives at the Centralstrasse 1 in 9444
Diepoldsau.
Anton Laesser
is married to Anita nee Kuster and is resident at the
address
Eulenstrasse 3 in 9444 Diepoldsau. The couple has four children.
Anton Laesser
is registered as a plant manager by profession.
There are no
detrimental reports on the mentioned persons' business
conduct.
FURTHER
MANDATES:
Franz Laesser:
- Laesser
Holding AG, Diepoldsau
- Laesser
Immobilien AG, Diepoldsau
Anton Laesser:
- Laesser
Holding AG, Diepoldsau
- Laesser
Immobilien AG, Diepoldsau
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.34 |
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UK Pound |
1 |
Rs.82.96 |
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Euro |
1 |
Rs.65.82 |
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%)