They're a European 'copy' brand (although the bass in question appears to be an original design); they're fairly widespread in Ireland at least.
The problem with this bass is that it has the most goddamn ridiculous method of truss rod adjustment I have ever seen. Furthermore, no tool is supplied with the bass to adjust it.

Therefore, it needs a torque wrench that a mechanic might use to fix neck relief, whatever.
I dropped it into a local guitar shop about two years ago, and they couldn't do anything with it, not having an appropriate tool to adjust the neck. Furthermore, they changed the strings, tuned the thing, and then tried to bill me for a full set-up.
Fuck them, I decided, and I took my bass home. I performed a
basic set up, and the thing did play quite well. (My 'set up' involved locating a tool that could be used to adjust the truss rod, intonating the instrument, saddle height, etc - very basic, nothing fancy, but after a couple of careful hours, the thing did play).
Now, I should probably point out at this stage that neither myself or TelePaul have much experience with the bass as an instrment. Furthermore, I fully believe that a bass, like an acoustic, will never have the same action as an electric - obviously. And I should also point out that buzzing can depend, to an extent, on the touch of the player; suffice to say (and TelePaul may not like me for this) the bass doesn't buzz when I play it.
In short, I'm not gonna dump this guitar - it's a fine bass for what we use it for; although it is admittedly poorly designed, it does, with due attention, play well. I'm going to have a look at the frets tonight.
On a related note, Muttley, does it piss you off no-end when people expect their acoustics to play like electrics? Now I could be wrong, but I have always believed that an acoustic guitar, in order to strike the optimum balance between sound quality and playability, will have an action that requires a reasonable amount of 'work' to play on. Ditto the bass - it's never gonna be an shredding machine.