MIRA
INFORM REPORT
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Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
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Name : |
CORTEFIEL COMMERCIAL SA |
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Registered Office : |
Rue de Romont 10 1700 Fribourg |
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Country : |
Switzerland |
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Date of Incorporation : |
17.02.1998 |
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Com. Reg. No.: |
217.0.138.651-3 / 435635 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of clothing 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 : |
CHF 50'000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Cortefiel
Commercial SA
Operating address:
Rue de Romont 10
1700 Fribourg
Switzerland/CH
Telephone: 026
3410980
Fax: 026
3471631
Web
site: http://www.grupocortefiel.com
E-mail: info@grupocortefiel.com
VAT-No.: CHE-104.231.645
Profile
Established: 1998
Line
of Business: Financial services,
Consumer goods wholesale
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 6420 Activities of holding companies
4642 Wholesale of clothing and footwear
Import/Export: Import
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 1-9
Activity
The business activities are the trade for fashions and the management of
shareholdings in other companies, especially for the Cortefiel group.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 217.0.138.651-3 /
435635
Legal
form: Company limited
by shares
Registration: 17.02.1998
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
Auditor: Deloitte AG, Basel
History: Date of Incorporation
Statutes: 28.12.1998
Date of
Statutes: 13.12.2005
Date of
Statutes: 23.02.1999
Entry Deleted Name
active Cortefiel
Commercial SA
active Cortefiel
Commercial AG (Name translated)
active Cortefiel
Commercial Ltd (Name translated)
Entry Deleted Legal domicile
active Fribourg,
Switzerland
Entry Deleted Address
18.07.2000 Rue
de Romont 10, 1700 Fribourg/FR, Switzerland/CH
14.10.1999 c/o Etude de Mes Thiebaud & von der Weid,
Rue de Romont 35, 1700 Fribourg/FR, Switzerland/CH
14.10.1999 18.07.2000 c/o Lenz & Staehelin, Rue de Romont 35,
1700 Fribourg/FR, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 5'000'000, paidup CHF 5'000'000
Entry Deleted Capital Structure
active 50'000
Registered shares of CHF 100.--
Entry Deleted Activity (original Language)
16.12.2005 Achat,
vente, transport et commerce en général de vêtements et textiles en tous genres
et des accessoires y relatifs; peut fournir des conseils et des services en
relation avec son but, notamment dans les domaines du management, du
franchising, de la révision, du contrôle, des études de marché et de
développement de projets, en particulier en faveur de sociétés du groupe
Cortefiel; peut constituer des succursales et des filiales en Suisse et à
l'étranger et participer à d'autres entreprises en Suisse et à l'étranger; peut
exercer toutes activités commerciales, financières et autres en rapport avec
son but; peut également, dans l'intérêt du groupe auquel elle appartient, emprunter
auprès de tiers et accorder des prêts ou autres financements directs ou
indirects à des sociétés du groupe auquel elle appartient, y compris des
actionnaires directs ou indirects de la société ou d'autres sociétés dont
ceux-ci détiennent des actions, ainsi que fournir toutes sûretés pour garantir
les obligations desdites sociétés, notamment par l'émission de garanties,
caution, constitution de gages, transfert de propriété aux fins de garantie,
cession de créance aux fins de garantie ou émission de toutes autres garanties,
de quelques natures que ce soit, avec ou sans rémunération.
16.12.2005 Achat, vente, transport et commerce en général
de vêtements et textiles en tous genres et des accessoires y relatifs; fournir
des conseils et des services en relation avec son but, notamment dans les
domaines du management, du franchising, de la révision, du contrôle, des études
de marché et de développement de projets, en particulier en faveur de sociétés
du groupe Cortefiel.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Shares:
Restriction de transmissibilité des actions.
active Reports:
Communication aux actionnaires: lettre.
Official Administration
Title Name
President Juan Carlos
Escribano Garcia, Origin: Spain, Address: Madrid, Spain, joint signature of
two, Appointment: 13.08.2009
Company
Secretary Luke Henri
Gillon, Origin: Châtonnaye, Le Châtelard, Switzerland, Address: 1752
Villars-sur-Glâne/FR, Switzerland, joint signature of two
Executive
Director Bruno Mock,
Origin: Zürich, Herisau, Switzerland, Address: 8700 Küsnacht/ZH, Switzerland,
joint signature of two
Executive board
Title Name
Chief
Executive Officer Bruno
Mock
Ultimate Parent Company
Name: Cortefiel SA
City/Country: Madrid, Spain/ES
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Cortefiel SA
City/Country: Madrid, Spain/ES
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
11.11.2008 2008 0
11.11.2008 2007 0
11.11.2008 2006 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 considered to be in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
Maximum
Credit: CHF 50'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.18 |
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1 |
Rs.73.65 |
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Euro |
1 |
Rs.64.95 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.