MIRA INFORM REPORT

 

 

 

Report Date :

01.07.2008

 

 

IDENTIFICATION DETAILS

 

Name :

BOGH-ART SA

 

 

Formerly Known as :

AVIVA SA

 

 

Registered Office :

Rue du Rhone 42 1204 Geneve/GE

 

 

Country :

Switzerland

 

 

Date of Incorporation :

07.01.1992

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trading of Articles in the areas Watch Making, Gold Working, Jewelry and Precious Metals.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 25.000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

Name of the company               

 

Bogh-Art SA

 

 

Legal domicile    

 

rue du Rhone 42

1204 Geneve/GE

Switzerland

Telephone:       022 3115526

Fax:                  022 3115511

Mobile phone:   079 7052655

 

overall assessment:

 

 

Business connections are permissible.

detail assessment:

payments:

 

regular

 

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:                  07-01-1992

First Publication:            17-07-1992

Last Publication:            03-03-2008

Share capital:                100.000

Paid up:                        100.000

Divided into:                   100 Bearer shares of 1.000

 

Company Management:   Nazanine Sabbag

Registered name       03-03-2008 Bogh-Art SA

                                Previous   Aviva SA

 

 

ACTIVITY

 

Activity:

The company is devoted to the trading of articles in the areas watchmaking, goldworking, jewelry and precious metals.

 

 

 

 

 

 

PAYMENT AND FINANCIAL DATA

 

PAYMENT EXPERIENCES:

 

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.

 

 

Auditors           

 

MB Fiduciaire SA, Geneve

 

 

Premises           

 

The premises at the above mentioned address are rented.

 

 

COMPANY AND PERSON RELATIONS

 

COMPANY CONNECTIONS:

 

 

BOARD OF DIRECTORS:

                      Nazanine Sabbag, from Geneve, in

                      Veyrier/GE/Switzerland,

                      Sole Member, sole signature.

 

 

PERSONNEL INFORMATION

 

Nazanine Sabbag ne Azmayesh, born on 23 August 1970 is married to Alex Iskander Sabbag, born on 6 November 1968, and lives in  1255 Veyrier at chemin Chantecoucou 27, where the couple is proprietor of a house and a garage of a total area of 138 m2. The price of the property is CHF 2,000,000.

 

Nazanine Sabbag has no mandates in any other companies.

 

 

COMMENTS

 

We have not been able to contact Mrs. Sabbag. We left a message on her phone recorder. Should we obtain some further information, a supplement will follow.

 

 

                  

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.34

UK Pound

1

Rs.86.52

Euro

1

Rs.68.54

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions