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MIRA INFORM REPORT
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Report No. : |
493176 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
LÄSSER AG, STICKMASCHINEN - EMBROIDERY
MACHINES |
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Registered Office : |
Hohenemserstrasse 17, 9444 Diepoldsau/SG |
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Country : |
Switzerland |
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Year of Establishment : |
1954 |
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Com. Reg. No.: |
320.3.019.625-9 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
The company is engaged in
the development, manufacture, distribution and installation of high
performance and schifflistick machines. Products are MD embroidery machines,
MD embroidery machines applications, Schifflihead LSH embroidery machines,
Shuttle Change and tools |
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No. of Employees : |
220 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-17.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
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Source
: CIA |
Company name
LÄSSER AG, STICKMASCHINEN - EMBROIDERY MACHINES
"LÄSSER
AG"
Operating address:
Hohenemserstrasse
17 Production
facility:
9444 Diepoldsau/SG Industriestrasse
6
Switzerland/CH 9444
Diepoldsau/SG
Switzerland/CH
Telephone: +41
717379292 +41
717379292
Fax: +41
717379282 +41
717379282
Web
site: http://www.laesser.ch
E-mail: sales@laesser.ch
WIN Worldbox No.: CH0000022709
VAT-No.: CHE-105.967.832
MWST
UID-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
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 220
Sales: CHF
60-80 Mio
Branches: 1
Activity
The company is
engaged in the development, manufacture, distribution and installation of high
performance and schifflistick machines. Products are MD embroidery machines, MD
embroidery machines applications, Schifflihead LSH embroidery machines, Shuttle
Change and tools. The company has offices in China, Egypt, India, Indonesia,
Italy, Iran, Japan, Korea, Pakistan, Thailand, Taiwan and Turkey.
Operations and Branches:
At the address,
Hohenemserstrasse 17, 9444 Diepoldsau, Switzerland, we find office of the
company.
Real
Estate
Real Estate: It
is understood that the company owns certain property.
Company
Register
Company No: 320.3.019.625-9
UID-No.: CHE105967832
Legal form: Company
limited by shares
Registration: 30.06.1980
Legal status: active
Responsible Register: Handelsregister des Kantons St. Gallen
History: Date
of Statutes: 16.09.1999
Date
of Statutes: 23.12.1996
Date
of Statutes: 30.06.1980
Entry Deleted Name
05.10.1999 LÄSSER
AG, Stickmaschinen - Embroidery Machines
11.07.1988 05.10.1999 Franz Lässer AG
Entry Deleted Legal domicile
11.07.1988 Diepoldsau,
Switzerland
Entry Deleted Address
11.07.1988 Hohenemserstrasse,
9444 Diepoldsau/SG, Switzerland/CH
Entry Deleted Capital
11.07.1988 Share
Capital CHF 150,000, paid up CHF 150,000
Entry Deleted Capital Structure
11.07.1988 150
Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Lässer,
Franz
Citizen:
Diepoldsau, Switzerland
Residential
address: 9444 Diepoldsau/SG, Switzerland
single
signature
Registered
since: 11.07.1988
Director Lässer,
Anton
Citizen:
Diepoldsau, Switzerland
Residential
address: 9444 Diepoldsau/Sg, Switzerland
Born:
1957
single
signature
Registered
since: 11.07.1988
External Positions
Title Name
Auditor Revidas
Revisionsgesellschaft AG,
Residential address: St. Gallen, Switzerland
Registered
since: 17.12.1992
Executive
board
Title Name
Chief Executive Officer Lässer, Franz
Ultimate
Parent Company
Name: Lässer
Holding AG
City/Country: Diepoldsau/SG,
Switzerland/CH
Direct
owner/-s
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%,
directly held
Name: Lässer
Holding AG
City/Country: Diepoldsau/SG,
Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest (since 2006)
Investments
Class: 100%,
directly held
Name: LAESSER
NAKIS MAKINELERI ITH. IHR. TIC. LTD. STI
City/Country: Istanbul,
Turkey/TR
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: LAESSER
SERVICE (THAILAND) CO LTD
City/Country: Nakornphathom,
Thailand/TH
Interest: 100,00%
voting right, 100,00% capital interest
Class: 100%,
directly held
Name: LÄSSER
(INDIA) PVT. LTD.
City/Country: Faridabad,
India/IN
Interest: 100,00%
voting right, 100,00% capital interest
Financials
Balance sheet
publication:
The subject company
does not publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
05.01.2017 2017 0 Legal
actions
31.12.2016 2016 1 11,759.-- Opposition filed
31.12.2015 2015 0 Legal
actions
31.12.2014 2014 1 10,040.-- Opposition filed
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 1 700.-- Paid legal actions
31.12.2011 2011 1 677.-- Closed legal actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
No legal actions
determined.
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
We did not find the
company included on the various international sanctions lists, such as the OFAC
(Office of Foreign Assets Control), the BIS (Bureau of Industry and Security),
the European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
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 negative reports on payment experiences.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.71 |
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CHF |
1 |
INR 69.53 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.