MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
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 : |
Regular |
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Litigation : |
Clear |
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overall assessment:
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Business
connections are permissible |
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detail assessment: |
payments: |
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Regular
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Name of the company
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
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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
Dabbah, son of Jacob-Maurice, said Jacques Dabbah, born in 1925,
is born in
1954, 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:
- Richold
Holding SA, Geneve
- SOCIETE
D'EXPLOITATION HOTELIERE ADHEMAR FABRI SA, Geneve
- Societe
Immobiliere Le Port Blanc, 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. |
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%)