MIRA INFORM REPORT

 

 

Report Date :           

01.04.2011

 

IDENTIFICATION DETAILS

 

Name :

ALDO GROUP INTERNATIONAL AG

 

 

Registered Office :

Lindenstrasse 8, 6340 Baar

 

 

Country :

Switzerland

 

 

Date of Incorporation :

26.02.1985

 

 

Com. Reg. No.:

170.3.010.947-0 / 144240

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

retail sale of shoes, leather goods and accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 70'000

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

Aldo Group International AG

 

 

Operating address

 

Lindenstrasse 8

6340 Baar

Switzerland/CH

Telephone:                    041 7254747

Fax:                             041 7254748

Web site:                      http://www.aldoshoes.com

E-mail:                         agch@aldogroup.com

VAT-No.:                      CHE-103.522.146

 

 

Profile

 

Established:                  1985

Line of Business:           Commercial services, Consumer goods wholesale

Industry Division:           Services, Wholesale trade

Industry-code (NACE):     8299     Other business support service activities n.e.c.

                                      4642     Wholesale of clothing and footwear

Import/Export:               Import

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  13

Sales:                          CHF 4'000'000

 

 

Activity

 

The company is engaged in the retail sale of shoes, leather goods and accessories. Sales units exist in Geneva and Berne. The enterprise is also responsible for franchises for the production of the products for the Group.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                170.3.010.947-0 / 144240

Legal form:                    Company limited by shares

Registration:                 26.02.1985

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

Auditor:                        Ernst & Young AG, Zug

History:                        Date of Statutes: 14.12.1994

                                    Date of Statutes: 01.07.2005

                                    Date of Statutes: 14.03.2002

                                    Date of Statutes: 17.08.2001

 

Entry          Deleted      Name

24.08.2001                    Aldo Group International AG

                  24.08.2001  Redax AG

 

Entry          Deleted      Legal domicile

18.07.2005                    Baar, Switzerland

                  18.07.2005  Zug, Switzerland

 

Entry          Deleted      Address

18.07.2005                    Lindenstrasse 8, 6340 Baar/ZG, Switzerland/CH

                  18.07.2005  Schulweg 7, 6317 Oberwil bei Zug/ZG, Switzerland/CH

 

Entry          Deleted      Capital

05.04.2002                    Share Capital CHF 550'000, paidup CHF 550'000

                  05.04.2002  Share Capital CHF 300'000, paidup CHF 300'000

 

Entry          Deleted      Capital Structure

05.04.2002                    1'100 Registered shares with restricted transferability of CHF 500.--

                  05.04.2002  600 Registered shares with restricted transferability of CHF 500.--

 

Entry          Deleted      Activity (original Language)

24.08.2001                    Internationaler Handel, insbesondere Kauf, Verkauf, Import, Export etc. von Leder- und insbesondere Schuhwaren; kann sich an anderen in- und ausländischen Unternehmungen beteiligen, Grundstücke, beschränkte dingliche Rechte an Grundstücken und Immaterialgüterrechte erwerben und veräussern sowie Lizenzen erwerben und für den internationalen Handel an Dritte erteilen.

                  24.08.2001  Handel, insbesondere Kauf, Verkauf, Import, Export etc. von Leder- und insbesondere von Schuhwaren; kann sich an anderen Unternehmungen beteiligen sowie Grundstücke sowie Immaterialgüterrechte erwerben und veräussern.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

05.04.2002                    Contribution in kind/Asset takeover: 169'600 Aktien der Aldo Group International Inc, in Barbados (BB) gemäss Sacheinlagevertrag vom 26./28.02.2002 zum Preis von CHF 250'000.00, wofür 500 Namenaktien zu CHF 500.00 ausgegeben werden.

 

 

Official Administration

 

Title                                           Name

President                                    Peter Mossbrugger, Origin: Wittenbach, Switzerland, Address: 8500 Frauenfeld/TG, Switzerland, joint signature of two

Vice-President                            Adrian Escher, Origin: Zürich, Switzerland, Address: 8001 Zürich/ZH, Switzerland, joint signature of two, Appointment: 26.05.2009

Executive Director                       Normann Jaskolka, Origin: Canada, Address: Montreal, Canada, joint signature of two

 

 

Management

 

Title                                           Name

Member with signing authority      Natascha Hartmann, Origin: Zürich, Switzerland, Address: 8800 Thalwil/ZH, Switzerland, joint signature of two

Member with signing authority      Stefan Odermatt, Origin: Dallenwil, Switzerland, Address: 6313 Edlibach/ZG, Switzerland, joint signature of two, Appointment: 04.10.2010

 

 

Executive board

 

Title                                             Name

Chief Executive Officer                    Peter Mossbrugger

 

 

Ultimate Parent Company

 

Name:                            The Aldo Group Inc.

City/Country:                   Montreal, Canada/CA

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

Class:                          100%

Name:                          The Aldo Group Inc.

City/Country:                   Montreal, Canada/CA

Interest:                          100.00% voting right, 100.00% capital interest

 

 

Investments

 

Class:                          50-99%

Name:                          Aldo Group International Inc

City/Country:                 Barbados, Barbados/BB

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

25.11.2009          2009                           0

25.11.2009          2008                           0

25.11.2009          2007                           0

25.11.2009          2005                           0

01.10.2007          2006                           0

22.09.2006          2004                           0

22.09.2006          2003                           0

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

Financial Situation:        The financial situation is in order.

 

Payment experiences:   Financial obligations are met as appropriate.

 

Maximum Credit:           CHF 70'000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.