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Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
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Name : |
LÄSER HANDELS AG |
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Registered Office : |
Birgistrasse 7, Postfach 304, 8304 Wallisellen/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
1961 |
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Com. Reg. No.: |
020.3.915.614-3 / 103945 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in the import and trading of leather goods
(wallets, writing cases) |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 began to recover in 2010. 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 safe-haven 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 below 2% per year during 2011-13. 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 is considering 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 |
LÄSER HANDELS AG
Operating address:
Birgistrasse 7
Postfach 304
8304
Wallisellen/ZH
Switzerland/CH
Telephone: 044
8301393
Fax: 044
8303271
Web
site: http://www.werbeartikel-laeser.ch
E-mail: office@werbeartikel-laeser.ch
VAT-No.: CHE105750296
Established: 1961
History: 1961: Established from Edwin Läser
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4649 Wholesale of other household goods
Import/Export: Import
Banks: CS Credit Suisse
Migros Bank
PostFinance
Coverage: Company
Figures: estimated
Employees: 3
Sales: CHF 1-2 Mio
The business includes the import and trading
of leather goods (wallets, writing cases). as well as
promotional items of all kinds.
The main import regions are: Far East, the
EU countries.
Real
Estate: The company owns
no property.
Company
No: 020.3.915.614-3 /
103945
Legal
form: Company limited
by shares
Registration: 10.02.1981
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Incorporation
Statutes: 23.01.1981
Date of
Statutes: 05.03.2009
Date of
Statutes: 23.05.2000
Entry Deleted Name
14.06.2000 Läser
Handels AG
14.06.2000 Läser-Lederwaren AG
Entry Deleted Legal domicile
active Wallisellen,
Switzerland
Entry Deleted Address
active Birgistrasse
7, 8304 Wallisellen, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 200,000, paidup CHF 200,000
Entry Deleted Capital Structure
active 200
Bearer shares of CHF 1,000.--
Title Name
President Ulrich
Läser, Origin: Zürich, Gontenschwil, Switzerland, Residential address: 8304
Wallisellen, Switzerland, born: 1967, single signature
Director Elisabeth
Mühlebach, Origin: Tegerfelden, Engelberg, Switzerland, Residential address:
5306 Tegerfelden, Switzerland, single signature, Registered since: 06.05.2008
Title Name
Chief
Executive Officer Ulrich
Läser (ul@werbeartikel-laeser.ch)
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Type: direct
Name: Ulrich Läser
City/Country: 8304 Wallisellen/ZH,
Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
06.11.2009 2009 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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
|
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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.