MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALDO GROUP
INTERNATIONAL AG |
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Formerly Known as : |
REDAX AG |
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Registered Office : |
Lindenstrasse
8 6340 Baar/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
28.02.1985 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Trade in Leather- and Footwear |
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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Maximum Credit Limit : |
EUR
25.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name of the company
Aldo Group
International AG
Line of Business
Leder- und
Schuhwaren
Legal domicile
Lindenstrasse
8
6340 Baar/ZG
Switzerland
Telephone: 041 7254747
Fax: 041 7254748
Homepage: www.aldoshoes.com
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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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No complaints |
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Individual Credit
Limit*: |
EUR 25.000,-- |
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: 28-02-1985
First
Publication: 11-03-1985
Last
Publication: 30-10-2008
Created
by: The company was newly established.
Share
capital: 550.000
Paid up: 550.000
Divided
into: 1.100 Special registered shares of 500
History: 05-04-2002 550.000 Capital increase
300.000 Previous capital
Shareholders:
Direct Parent com.: Aldo Group,
Montreal, Canada/CA with a share of 100.
Company Management: Andre Iten
Registered name
30-08-2001 Aldo Group International AG
Previous Redax AG
ACTIVITY
Line of
business: Trade in leather- and footwear
Sector: Wholesale
Activity:
The company is
exclusively involved in the transit trading of
leatherware
and especially footwear. Aldo Group International AG acts as
purchasing
association for footwear and bags for the entire Aldo Group.
The latter
maintains retail stores in Canada and the USA and is a
franchisor.
Trading area:
International
Export: 100% of total turnover
North America
EMPLOYEES:
Number of
employees: 20
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.
Since the
company conducts almost all of its business activities outside
Switzerland,
there is a lack of relevant experience as regards the
payment
conduct.
Extensive
financial transactions should therefore preferably be
safeguarded by
adequate proof of capital guarantees or securities.
FINANCIAL DATA:
Financial
position: The financial affairs are
considered to be in order.
Financial
Statements: The company does not disclose any financial statements.
Third parties are
however not permitted any insight into the financial affairs.
Contribution
in kind: Aldo Group International Inc Barbados
Type: Contribution in kind and take
over
Registered
on: 05-04-2002
Contract
date: 26-02-2002
Take over
price: 250.000
Charge on
capital: 250.000
The
contribution in kind in question includes 169'600 shares of the Aldo
Group
International Inc in Barbados.
Banker(-s)
UBS Ltd, 6300 Zug
Auditors
Ernst &
Young AG, Zug
Premises
The premises
at the above mentioned address are rented.
Real estate property
No real estate
is owned.
Fiscal taxation
No information is available due to the local
tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Aldo Group, Montreal, Canada/CA
with a share of 100.
The group
operates approximately 840 shops for ladies' and mens' shoes,
accessories
and bags. The shops are predominantly located in the USA,
Canada, Great
Britain and Ireland.
In addition,
Aldo Group has franchisees in about 30 countries.
Direct
Investments:
Aldo Group International
Inc., Barbados.
BOARD OF
DIRECTORS:
Peter Moosbrugger, from
Wittenbach, Zuerich, in
Frauenfeld/TG/Switzerland,
President, collective
signature.
Dr. Madeline-Claire
Levis Zollinger, from Gimel,
Zuerich, Hombrechtikon,
in Kuesnacht/ZH/Switzerland,
Vice President and Secretary, collective
signature.
Norman Jaskolka, from
Canada, in Montreal/Canada,
Member, collective
signature.
MANAGEMENT:
Andre Iten, from
Unteraegeri, in
Cham/ZG/Switzerland,
General Manager,
collective signature.
Natascha Hartmann, from
Zuerich, in
Thalwil/ZH/Switzerland,
Authorised signatory, collective signing
authority.
PERSONNEL INFORMATION
Peter
Moosbrugger was born on 08-12-1947. He is married to Hertha
Moosbrugger
and lives in a privately owned home at the address Dohlenweg
7 in 8500 Frauenfeld.
Dr.
Madline-Claire Levis Zollinger is resident at the address Obere
Heslibachstrasse
75c in 8700 Kuesnacht.
There are no
detrimental reports on the mentioned persons' business
conduct.
FURTHER MANDATES
Peter
Moosbrugger:
- Double Kay
AG, Zug
- Tamlik AG,
Glarus
- Fritz Studer
AG, Steffisburg
- Maegerle AG
Maschinenfabrik, Fehraltdorf
- Ewag AG,
Etziken
etc.
Dr.
Madeline-Claire Levis Zollinger:
- Imufin AG,
Volketswil
- Robert
Spleiss AG, Kuesnacht
- Spleiss
Immobilien AG, Kuesnacht
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.52 |
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UK Pound |
1 |
Rs.72.62 |
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Euro |
1 |
Rs.63.76 |
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%)