MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
HOROVITZ ET TOTAH SA |
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Registered Office : |
Pl. de la Fusterie 9-11, 1204 Geneve/GE, |
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Country : |
Switzerland |
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Date of Incorporation : |
12-03-1990 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Purchase and Sale of Precious and Semi-Precious Stones and Gift Items |
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 : |
Regular |
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Litigation : |
Clear |
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Detail
assessment: |
Payments: |
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Regular |
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individual credit limit*: |
EUR 15.000,-- |
Name
HOROVITZ ET TOTAH SA
Line of Business
Commerce de pierres precieuses
Legal domicile
Pl. de la Fusterie 9-11
1204 Geneve/GE
Switzerland
Telephone : 022 3115012
Fax : 022 3106866
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 : 12-03-1990
First Publication : 26-03-1990
Last Publication : 26-03-1990
Share capital : 100.000
Paid up : 100.000
Divided into : 100
Registered shares of 1.000
Shareholders : Shareholders are
persons from the management board.
Company Management: Eric
Horovitz
ACTIVITY:
Activity: This company is involved in the purchase and sale of precious
and semi-precious stones and gift items.
Import: America, Belgium, France, Italy
Course of business: Compared to the previous year the course of business
remained stable.
EMPLOYEES: Number of employees:
4
PAYMENT AND FINANCIAL
DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions, distraints or loss certificates
registered.
Report from 08-01-2004, in 1211 Geneve 4.
A current check of the legal actions requries a document of justification with a legitimate signature.
There are no complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial position: The financial affairs are considered to be in order.
Financial Statements: The company does not disclose any financial
statements.
Banker(-s): UBS Ltd, 1200 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:
BOARD OF DIRECTORS:
Eric Horovitz, from Geneve, in
Geneve/GE/Switzerland,
President, sole signature.
Ronny Totah, from France, in
Vetraz-Monthoux/France,
Vice President, sole signature.
Mona de Weck, from Fribourg, in
Vandoeuvres/GE/Switzerland,
Secretary, collective signature.
PERSONNEL INFORMATION:
Eric Horovitz, born 14 March 1943, lives in 1208 Geneva, at ch.
Frank-Thomas 42.
He is the son of the late Oscar and Rachel Horovitz-Pilossof, who were
reknowned and wealthy jewellers.
Ronny Totah resides in France in Vetraz-Monthoux.
He is also a member with collective signature of the
"Schweizerische Stiftung fuer Edelsteinforschung", Berne.
Mona de Weck born Totah was born in 1949. She resides in 1207 Geneva, at
av. Ernest-Hentsch 7.
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. |
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%)