MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Bijouterie Adler SA |
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Registered Office : |
Rue du Rhone 23 1204 Geneve/GE |
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Country : |
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Date of Incorporation : |
20-04-1972 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade in jewellery items |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 150.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Detail assessment: |
Payments: |
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The
financial affairs are considered good and in order. |
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Individual credit
limit*: |
EUR 150.000.-- |
Name
Bijouterie Adler SA
Line of Business
Joaillerie, bijouterie
Legal domicile
Rue du Rhone 23
1204 Geneve/GE
Telephone: 022 8198026
Fax: 022 8198080
Homepage: http://www.adler.ch
E-Mail: info@adler.ch
CREDIT ADVICE
Requested credit: Maximum
credit
Credit opinion: A maximum
credit of EUR 150.000 is considered in order.
This credit advice is based on information available at the time of
conducting the research, being the above indicated date.
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: 20-04-1972
First Publication: 05-05-1972
Last Publication: 10-07-1996
Share capital: 3.500.000
Paid up: 3.500.000
Divided into: 3.500 Bearer shares of 1.000
History: 27-06-1996 3.500.000 Capital increase
1.000.000 Previous capital
Shareholders: Shareholders
are the family Adler.
Company Management: Franklin
Adler
Carlo Adler
Allen Adler
ESTABLISHMENT DETAILS
Administration: Pl. de la
Fusterie 7, 1204 Geneve
Telephone: 022 8198007, Fax: 022 8198020
ACTIVITY:
Line of business: Trade in
jewellery items
Sector:
Retail/Manufacture
Activity:
The company is engaged in the operation of two jeweller's stores. The
subject sells its own brands and some watches. The Adler family owns
fabrication properties in several countries. In the jewellery sector the name
Adler is known since the 18th century.
Marks, Production: SERAIL -
ADLER
Marks, Represent.: SARCAR -
LEONARD
The stores are situated at the following addresses:
1) rue de Rhone 23
1204
Phone 022/8199056
Fax 022/8198080
This shop was opened in November 1993 and was previously located
opposite the rue du
2) Quai du Mont-Blanc 19
1201
Phone 022/8198030
Fax 022/8198022
This shop was opened in 1980 and is situated in the commercial gallery
of the Noga-Hilton Hotel.
3) Parkstrasse
3780 Gstaad/BE
Phone 033/7446680
FAx 033/7449748
The company also disposes of sales points in
In addition Adler SA is also represented in
Import:
Significance: It is considered a
medium sized company in its business sector.
Course of business: Compared to
the previous year the course of business remained stable.
EMPLOYEES:
Number of employees: 18
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal
actions or distraints are registered.
Report from 07-01-2000, in 1200 Geneve.
A current check of the legal actions requires a document of
justification with a legitimate signature.
The business conduct is correct and current liabilities are paid
promptly.
FINANCIAL DATA:
Financial position: The
financial affairs are considered good and in order.
Financial Statements: The company does not disclose any financial
statements.
The warehouse stock has an extensive value.
In June 1996 the company took over assets and liabilities of the
"Biger SA" in
Banker(-s): Cantonal Bank of
UBS Ltd,
1200 Geneve
Auditors: PricewaterhouseCoopers SA, Genf
Premises: The premises at the above mentioned address are rented.
For the shop at the rue du
For the shop at the Quai du Mont-Blanc 19, the annual rent is CHF
183.000.--, charges included.
Fiscal taxation : No information is available due to the local tax
authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
BOARD OF DIRECTORS:
Franklin Adler, from Cologny, in Cologny/GE,
Sole Member, sole signature.
MANAGEMENT:
Carlo Adler, from Chene-Bougeries, in Cologny/GE,
Director, sole signature.
Leyla Adler, from Cologny, in Cologny/GE,
Director, sole signature.
Allen Adler, from
Authorised signatory, sole signature.
PERSONNEL INFORMATION:
Carlo Adler was born in 1946. He is a jeweller by profession. He is the
son of a jeweller who owned several jeweller's stores in Instanbul,
Franklin Adler, the brother of Carlo, was born in 1941. He is of Turkish
nationality and married to Leyla born Bahar, born in 1941, and family father.
He is a jeweller by profession.
The couple resides in a privately onwed home at ch. Planta 87, in
Cologny.
Allen Adler, son of
He is resident at the chemin Frank-Thomas, 56bis, in
The company executives enjoy a good reputation in personal and business
affairs.
COMMENTS:
The designation "Bijouterie & Touchstone" is not known to
the available sources.
The only jeweller' store (bijouterie) located at rue du Rhone 23 is the
company Bijouterie Adler SA.
The said company confirmed to us that it doesn't use the referred to
designation.
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%)