|
Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
GUESS
EUROPE SAGL |
|
|
|
|
Registered Office : |
Strada Regina 44
6934 Bioggio |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
29.01.2011 |
|
|
|
|
Date of Incorporation : |
09.11.2006 |
|
|
|
|
Com. Reg. No.: |
501.4.007.364-1
/ 853073 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Retail sale
of clothing in specialised stores |
|
|
|
|
No. of Employees : |
150 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
CHF 220'000 |
|
Status : |
Satisfactory |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Guess Europe Sagl
Operating address:
Strada Regina 44
6934 Bioggio
Switzerland/CH
Telephone: 091
8095000
Fax: 091
8905100
Web site: http://www.guess.com
VAT-No.: CHE113255366
Established: 2006
Line of Business: Commercial services, Retail stores
Industry Division: Services, Retail trade
Industry-code (NACE): 8299 Other business support
service activities n.e.c.
4771 Retail sale of clothing in specialised
stores
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 150
Sales: CHF
25'000'000.--
The company design,
market, distribute and license one of the world's leading lifestyle collections
of contemporary apparel and accessories for men, women and children that
reflect the American lifestyle and European fashion sensibilities. The apparel
is marketed under numerous trademarks including GUESS, GUESS?, GUESS U.S.A.,
GUESS Jeans, GUESS? and Triangle Design, Question Mark and Triangle Design, a
stylized G, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and
MARCIANO. The lines include full collections of denim and cotton clothing,
including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts,
jackets and knitwear. The European headquarters are located in Lugano.
Information on
property ownership was not available.
Company No: 501.4.007.364-1
/ 853073
Legal form: Limited
Liability Company
Registration: 09.11.2006
Legal status: active
Responsible Register: Registro di commercio del Cantone Ticino
Auditor: Ernst
& Young AG (CH-514.9.016.936-1), Lugano
History: Date
of Statutes: 26.10.2007
Date
of Incorporation Statutes: 08.11.2006
Entry Deleted Name
29.10.2007 Guess
Europe Sagl
09.11.2006 29.10.2007 Guess Swiss Europe Sagl
Entry Deleted Legal domicile
29.10.2007 Bioggio,
Switzerland
09.11.2006 29.10.2007 Lugano, Switzerland
Entry Deleted Address
04.02.2010 Strada
Regina 44, 6934 Bioggio/TI, Switzerland/CH
29.10.2007 04.02.2010 Strada Regina 42, 6934 Bioggio/TI,
Switzerland/CH
09.11.2006 29.10.2007 Via G.B. Pioda 12, c/o Studio legale Aw.
Andrea A. Prospero, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
09.11.2006 LLC
Capital CHF 100'000
Entry Deleted Capital Structure
09.11.2006 1
Participation shares of CHF 99'000.--
09.11.2006 1
Participation shares of CHF 1'000.--
Entry Deleted Activity (original Language)
09.11.2006 Impegnarsi
nella fabbricazione su contratto e nella distribuzione e la vendita di merce
fra la quale l'abbigliamento, gli accessori ed i prodotti di consumo
appartenenti alla stessa tipologia merceologica, principalmente in Europa ma
anche in altri paesi. La societΰ potrΰ occuparsi di altre attivitΰ fra le quali
l'amministrazione, la gestione finanziaria e le attivitΰ operative relative al
design, alla manifattura, al marketing, alla distribuzione, all'immagazzinamento,
alla logistica e alla concessione di licenza per abbigliamento, accessori e
prodotti di consumo appartenenti alla stessa tipologia merceologica. La societΰ
puς acquistare beni mobili ed immobili e assumere interessenze, quote e
partecipazioni in altre societΰ aventi scopi affini.
Entry Deleted Remarks (original Language)
30.07.2010 Merger:
Ripresa di attivi e passivi di Guess Swiss Sagl, in Bioggio
(CH-514.4.028.725-1), secondo contratto di fusione del 27.07.2010 e bilancio al
30.01.2010, che presenta attivi per CHF 2'602'132.00 e passivi verso terzi per
CHF 576'393.00. La totalitΰ del capitale azionario delle due societΰ θ detenuta
dagli stessi soci, la fusione avviene dunque senza aumento di capitale e senza
attribuzione di quote.
09.11.2006 Publishing
authority: FUSC.
Title Name
General Manager Dennis
Secor, Origin: United States of America, Address: Los Angeles, United States of
America, single signature, Registered since: 04.02.2010
General Manager Paul
Marciano, Origin: United States of America, Address: Los Angeles, United States
of America, single signature, Registered since: 29.10.2007
Chairman of the management Luca Donnini, Origin: Italy, Address:
6962 Viganello/TI, Switzerland, single signature, Registered since: 16.02.2009
Member with procuration Sandeep Rajaram Reddy, Origin: United States of
America, Address: 6900 Lugano/TI, Switzerland, single power of attorney,
Registered since: 07.02.2011
Title Name
Chief Executive Officer Luca Donnini
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 29.01.2011
Number of months: 12
Currency: th.
USD
Intangible fixed assets 38'787.0
Tangible fixed assets 313'856.0
other fixed assets 169'581.0
Fixed assets 522'224.0
Stocks 294'705.0
Trade accounts receivable 358'482.0
Liquid assets 427'037.0
other trade accounts 83'356.0
Other current assets 510'393.0
Current assets 1'163'580.0
Total assets 1'685'804.0
Capital 369'148.0
Other shareholders funds 685'728.0
Total shareholders equity 1'054'876.0
Minority interests 11'318.0
long term debt (financial debts) 12'218.0
Other non current liabilities 176'376.0
Non current liabilities 188'594.0
short term debt (financial debts) 2'177.0
Trade accounts payable 233'846.0
Accruals 194'993.0
other current liabilities 194'993.0
Current liabilities 431'016.0
Shareh. equity, min. interests + liabilities 1'685'804.0
Sales 2'372'072.0
Net sales 2'372'072.0
Other operating revenue 131'630.0
Operating revenue 2'503'702.0
Cost of goods sold 1'397'062.0
Gross profit 1'106'640.0
Other operating expenses 685'599.0
Operating result 421'041.0
Interest revenues 1'553.0
Financial income 1'553.0
Interest expenses 1'217.0
Financial expenses 1'217.0
Financial result 336.0
Result before extraordinary items 421'377.0
Result before taxes 421'377.0
Taxes 126'874.0
Result before minority interests 294'503.0
minority interests 4'995.0
Result for the financial year 289'508.0
Depreciation 63'749.0
Cash flow 358'252.0
Cash flow from operating activities 346'374.0
Investments in tangible fixed assets 123'065.0
Cash flow from investing activities -146'103.0
Cash flow from financing activities -277'006.0
Others 1'709.0
Change in liquidity -75'026.0
Liquidity at beginning of the year 502'063.0
Liquidity at end ot the year 427'037.0
Sales per Employee 158.1
Gross cost land and buildings 386'148.0
Gross cost other tangible fixed assets 291'787.0
Gross cost total 677'935.0
Employees at
year end 15'000
Employees inland 9'700
Employees abroad 5'300
Name: Guess
Inc.
City/Country: Los
Angeles, United States of America/US
No. of Owner/-s: 1
Owner: The
company is foreign owned.
Class: 100%
Name: Guess?
Europe BV
City/Country: Amsterdam,
Netherlands/NL
Capital share: CHF
100'000.--
Interest: 100.00%
voting right, 100.00% capital interest (since 09.11.2006)
Class: 50-99%
Name: Guess
Belgium S.P.R.L.
City/Country: Belgium/BE
Interest: 99.00%
voting right, 99.00% capital interest
Control date Year No. Amount CHF Status
07.02.2012 2012 0
07.02.2012 2011 1 2'553.-- Paid legal actions
07.02.2012 2010 0
07.02.2012 2009 0
07.02.2012 2008 0
07.02.2012 2007 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.
Debt collection
case:
OKT 2007: CHF 334.-,
closed
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: Payments are made with arranged conditions.
Maximum Credit: CHF
220'000.--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.