MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Richold SA |
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Registered Office : |
Cours de Rive 10, 1204 Geneve/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
24-08-1962 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Purchase, shaping and supply of small diamonds for the watch
and jewellery manufacturing industry. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually correct |
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Litigation : |
Clear |
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Business connections are
permissible |
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detail
assessment: |
payments: |
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Regular |
Name
Richold SA
Line of Business
Commerce de diamants
Legal domicile
Cours de Rive 10
1204 Geneve/GE
Switzerland
Telephone: 022 7313150
Fax: 022
7314397
Homepage:
http://www.richold.com
E-Mail:
info@richold.com
All amounts in this report are given in Swiss Francs (CHF) unless
otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock company
Registration: 24-08-1962
First Publication: 30-08-1962
Last Publication: 21-07-2006
Share capital: 5.050.000
Paid up: 5.050.000
Divided into: 5.050 Registered shares of 1.000
History: 12-09-2004 5.050.000 Capital increase
50.000 Capital by incorporation
Shareholders: Shareholders are the family Dabbah.
Direct Parent com.: Richold Holding SA, 1204 Geneve/GE,
Switzerland/CH with a share of 100%.
Company Management: Maurice
Dabbah
ACTIVITY
Activity:
Richold SA is devoted to the purchase, shaping and supply of small
diamonds for the watch and jewellery manufacturing industry.
Since 1994 Richold SA has a factory in Colombo, Sri-Lanka (Nisol
Diamont), wich employs approximately 800 people.
In 2002, the company formed a joint venture with a diamond manufacturer in China, in Zhulai.
In 2003, Richold SA obtained the prestigious De Beers "DTC
Sighholder" award.
In 2004, Richold opened a second manufacturing site in Zhulai in China.
The company dipsoses of branches in Anvers, Belgium (Richold Belgium
Buba) and Hong Kong, China, under the name New Eclat Manufacturing Ltd.
Import: Russia, South Africa
The company employs around twenty people in Europe (personnel of the
Geneva-based company and its branch in Belgium).
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information
only available against proof of interest with a valid signature.
There are no complaints about the mode of payment and business conduct.
FINANCIAL DATA
Financial position: The
financial affairs are considered good and in order.
Key figures (in CHF 1.000.000):
31.12.2002
Estimates
Sales 200.0
Financials are no more released.
Banker(-s): UBS Ltd, 1200
Geneve
Auditors: Berney et Associes SA
Societe Fiduciaire, Geneve
Premises: The premises at the above mentioned address are rented.
Fiscal taxation: No information
is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Richold
Holding SA, 1204 Geneve/GE, Switzerland/CH with a share of 100%.
Richold Holding SA, also
located at the header address, was registered in the commercial register on 17
December 2004 and operates with a fully liberalized share capital of CHF
5,050,000. The said company's sole shareholder
is Maurice Dabbah. Purpose: holding and management of participatory investments
in other
companies, etc.
BOARD OF DIRECTORS:
Jacob-Maurice Dabbah, from Geneve, in
Cologny/GE/Switzerland,
Sole Member, sole signature.
PERSONNEL INFORMATION:
Maurice (Jacob-Maurice) Dabbah, born in 1954, is married to Yael nee
Lugassy, born in 1957.
He lives in 1223 Cologny, rampe de Cologny 8. He has a second residence
in 3963 Crans-Montana, at the address immeuble la Touletta.
He is a gemologist by profession.
He enjoys a good reputation in personal and business affairs.
FURTHER MANDATES:
Maurice Dabbah:
- Plazatour SA, Geneve
- Richold Holding SA, Geneve
- SOCIETE D'EXPLOITATION HOTELIERE ADHEMAR FABRI SA, Geneve
- Transgolf Holding SA, Geneve
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)