MIRA INFORM REPORT

 

 

Report No. :

344964

Report Date :

19.10.2015

 

 

IDENTIFICATION DETAILS

 

Name :

LÄSER HANDELS AG

 

 

Registered Office :

Birgistrasse 7, Postfach 304, 8304 Wallisellen/ZH, Switzerland/CH

 

 

Country :

Switzerland

 

 

Date of Incorporation :

1961

 

 

Com. Reg. No.:

020.3.915.614-3

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

The business includes the import and trading of leather goods (wallets, writing cases). As well as promotional items of all kinds.

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

 

Surrounded by South Africa, except for a short border with Mozambique, Swaziland depends heavily on South Africa for more than 90% of its imports and for 60% of its exports. Swaziland's currency is pegged to the South African rand, effectively relinquishing Swaziland's monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union, and worker remittances from South Africa supplement domestically earned income. Swaziland’s GDP per capita makes it a lower middle income country, but its income distribution is highly skewed, with an estimated 20% of the population controlling 80% of the nation’s wealth. Subsistence agriculture employs approximately 70% of the population. The manufacturing sector diversified in the 1980s and 1990s, but manufacturing has grown little in the last decade. Sugar and wood pulp had been major foreign exchange earners until the wood pulp producer closed in January 2010, and sugar is now the main export earner. Mining has declined in importance in recent years. Coal, gold, diamond, and quarry stone mines are small-scale, and the only iron ore mine closed in 2014. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and to attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and floods are persistant problems. On 1 January 2015, Swaziland lost its eligibility for benefits under the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000 jobs in the textile and apparel sector, after 3,000 jobs were lost since the 2014 announcement of the loss of AGOA. As of 2013 more than one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the world’s highest HIV prevalence rate.

 

Source : CIA

 


Company name

 

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

 

WIN Worldbox No.:        CH0000224938

VAT-No.:                       CHE-105.750.296 MWST

UID-No.:                        CHE105750296

 

 

Profile

 

Established:                  1961

History: 1981:                Limited Company

            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

 

 

Operational Figures

 

Coverage:          Company

Figures:            approximately

Financial year:   2015

Employees:       3

Sales:   CHF 790,000.--

 

 

Activity

 

The business includes the import and trading of leather goods (wallets, writing cases, etc.). As well as promotional items of all kinds.

 

The main import regions are: Far East, the EU countries.

 

Logistics Partners (warehouse and shipping): TPA PANATLANTIC AG, EGLISAU

 

 

Real Estate

 

Real Estate:      The company owns no property.

 

 

Company Register

 

Company No:                020.3.915.614-3

UID-No.:                        CHE105750296

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.--

 

 

Official Administration

 

Title      Name

President          Ulrich Läser

            Citizen: Zürich, Gontenschwil, Switzerland

            Residential address: 8304 Wallisellen, Switzerland

            Born: 1967

            single signature

Director Elisabeth Mühlebach

            Citizen: Tegerfelden, Engelberg, Switzerland

            Residential address: 5306 Tegerfelden, Switzerland

            single signature

            Registered since: 06.05.2008

 

 

Executive board

 

Title      Name

Chief Executive Officer, Chief Purchase Officer     Ulrich Läser (ul@werbeartikel-laeser.ch)

 

 

Direct owner/-s

 

No. of owner/-s: 1

Owner:  The company is privately owned.

 

Class:   100%

Name:   Ulrich Läser

City/Country:     8304 Wallisellen/ZH, Switzerland/CH

Interest:            100,00% voting right, 100,00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Financials

 

Balance sheet publication:         

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date       Year     No.       Amount CHF     Status

06.11.2009        2009     0

31.12.2008        2008     0                      Legal actions

31.12.2007        2007     0                      Legal actions

Official bankruptcy reports:

No bankruptcy publications available on the subject.

 

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.

 

 

Sanctions List

 

The company is not listed in the World Compliance database.

 

 

Payment experiences

 

Payment experiences from pre-legal collection cases:

No payment experiences from pre-legal collection cases are available.

 

Payment experiences from collection cases:

No payment experiences from legal collection cases are available.

 

Mode of payment / Business conduct:

There are no complaints about the mode of payment and the business conduct.

 

 

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 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.64.97

UK Pound

1

Rs.100.55

Euro

1

Rs.73.99

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TPT

 

               

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.