MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

LÄSSER AG, STICKMASCHINEN - EMBROIDERY MACHINES

 

 

Registered Office :

Hohenemserstrasse 17, 9444 Diepoldsau

 

 

Country :

Switzerland

 

 

Date of Incorporation :

01.03.1972

 

 

Com. Reg. No.:

320.3.019.625-9 / 468372

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

manufacture and sale of textile machinery, especially embroidery machines

 

 

No. of Employees :

220

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

LÄSSER AG, Stickmaschinen - Embroidery Machines

 

 

Operating address

 

Hohenemserstrasse 17

9444 Diepoldsau

Switzerland/CH

Telephone:                    071 7379292

Fax:                             071 7379282

Web site:                      http://www.laesser.ch

E-mail:                         sales@laesser.ch

VAT-No.:                      CHE105967832

 

 

Profile

 

Established:                  1954

History:                           1954:    Established from Franz J. Lässer

Line of Business:           Machinery

Industry Division:           Manufacturing

Industry-code (NACE):     2894     Manufacture of machinery for textile, apparel and leather production

Import/Export:               Export

Export sales:                95.0%

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  220

Sales:                          CHF 60-80 Mio

 

 

Activity

 

The business activities includes the manufacture and sale of textile machinery, especially embroidery machines.

 

Manufacturing brand: Lässer.

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                320.3.019.625-9 / 468372

Legal form:                    Company limited by shares

Registration:                 01.03.1972

Legal status:                 active

Responsible Register:    Handelsregister des Kantons St. Gallen (since 30.06.1980)

History:                        Date of Statutes: 30.06.1980

                                    Date of Statutes: 16.09.1999

                                    Date of Statutes: 23.12.1996

 

Entry            Deleted   Name

05.10.1999                    LÄSSER AG, Stickmaschinen - Embroidery Machines

                    05.10.1999  Franz Lässer AG

 

Entry            Deleted   Legal domicile

active                           Diepoldsau, Switzerland

 

Entry            Deleted   Address

active                           Hohenemserstrasse, 9444 Diepoldsau/SG, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 150'000, paidup CHF 150'000

 

Entry            Deleted   Capital Structure

active                           150 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

14.01.1997                    Konstruktion und Bau von Textilmaschinen. Die Gesellschaft kann Zweigniederlassungen im In- und Ausland errichten, sich an andern Unternehmungen des In- und Auslandes beteiligen sowie Grundstücke erwerben, belasten und veräussern.

                    20.01.1997  Konstruktion und Bau von Textilmaschinen. Sie kann sich an andern Unternehmen beteiligen.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

05.10.1999                    Reports: Die Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief; allenfalls durch Publikation im SHAB.

14.01.1997                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

14.01.1997    05.10.1999  Reports: Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch Publikation im SHAB, falls Namen und Adressen der Aktionäre bekannt sind durch eingeschriebenen Brief.

 

Official Administration

 

Title                                           Name

President                                    Franz Lässer, Origin: Diepoldsau, Switzerland, Address: 9444 Diepoldsau/SG, Switzerland, single signature

Executive Director                       Anton Lässer, Origin: Diepoldsau, Switzerland, Address: 9444 Diepoldsau/Sg, Switzerland, single signature

 

 

Management

 

Title                                           Name

Member with signing authority      Paula Lässer-Frei, Origin: Diepoldsau, Switzerland, Address: 9444 Diepoldsau/SG, Switzerland, single signature

 

 

External Positions

 

Title                                           Name

Auditor                                       Revidas Revisionsgesellschaft AG, Address: St. Gallen, Switzerland, Registered since: 17.12.1992

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Franz Lässer

 

 

Ultimate Parent Company

 

Name:                          Lässer Holding AG

City/Country:                 Diepoldsau, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Lässer Holding AG

City/Country:                 Diepoldsau, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 2006)

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

07.05.2009          2009                           0

07.05.2009          2008                           0

07.05.2009          2007                           0

07.05.2009          2006                           0

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

Financial Situation:        The financial situation is in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.