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Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
LÄSSER AG, STICKMASCHINEN - EMBROIDERY
MACHINES |
|
|
|
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Registered Office : |
Hohenemserstrasse 17, 9444 Diepoldsau |
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Country : |
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Year of Establishment : |
1954 |
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Com. Reg. No.: |
320.3.019.625-9 / 468372 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
manufacture and |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Switzerland - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
|
Source : CIA |
LÄSSER AG, Stickmaschinen - Embroidery Machines
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
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
Coverage: Company
Employees: 220
Sales: CHF
60-80 Mio
The business activities
includes the manufacture and sale of textile machinery, especially embroidery
machines.
Manufacturing brand:
Lässer.
Information on property
ownership was not available.
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.
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
Title Name
Member with signing authority Paula Lässer-Frei, Origin: Diepoldsau,
Switzerland, Address: 9444 Diepoldsau/SG, Switzerland, single signature
Title Name
Auditor Revidas
Revisionsgesellschaft AG, Address: St. Gallen, Switzerland, Registered since:
17.12.1992
Title Name
Chief Executive Officer Franz Lässer
Name: Lässer
Holding AG
City/Country: Diepoldsau,
Switzerland/CH
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)
It is believed that the
company has no investments.
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.
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.53.63 |
|
UK Pound |
1 |
Rs.86.18 |
|
Euro |
1 |
Rs.69.75 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.