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Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TALLY WEIJL TRADING AG |
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Registered Office : |
Viaduktstrasse 42 4051 Basel/BS |
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Country : |
Switzerland |
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Date of Incorporation : |
23.03.1998 |
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Com. Reg. No.: |
400.3.019.282-5 / 423684 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
70 |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
Source
: CIA
Tally Weijl
Trading AG
Operating
address:
Viaduktstrasse 42
4051 Basel/BS
Switzerland/CH
Telephone: 061
5686000
Fax: 061
5686200
Web
site: http://www.tally-weijl.com
E-mail: contact@tally-weijl.com
VAT-No.: CHE104296780
Established: 1998
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4642 Wholesale of clothing and footwear
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 70
Sales: CHF 20-40 Mio
The business activities includes the sale of
clothes, shoes and fashion accessories. Brand: Tally Weijl. The Group operates more
than 760 stores in 31 countries.
Information on property ownership was not
available.
Company
No: 400.3.019.282-5 /
423684
Legal
form: Company limited
by shares
Registration: 23.03.1998
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Stadt (since 23.05.2006)
History: Date of Incorporation
Statutes: 25.02.1998
Date of
Statutes: 22.05.2006
Entry Deleted Name
active Tally
Weijl Trading AG
active Tally
Weijl Trading SA (Name translated)
Entry Deleted Legal domicile
23.05.2006 Basel,
Switzerland
01.01.1984 Tally Weijl, Switzerland
23.05.2006 Strengelbach, Switzerland
Entry Deleted Address
23.05.2006 Viaduktstrasse
42, 4051 Basel/BS, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 200'000, paidup CHF 200'000
Entry Deleted Capital Structure
active 20'000
Registered shares of CHF 10.--
Entry Deleted Activity (original Language)
active Handel
mit Textilien und Modeartikeln aller Art. Die Gesellschaft kann sich an anderen
Unternehmen beteiligen sowie Grundstücke erwerben, halten und veräussern.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Reports:
Mitteilungen an die Aktionäre: Eingeschriebene Briefe an die im Aktienbuch
verzeichneten Adressen.
active Shares:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
active Contribution
in kind/Asset takeover: Die Gesellschaft übernimmt anlässlich ihrer Gründung
von der Parimod AG, in Strengelbach, den Betriebsteil Textilhandel gemäss
Bilanz per 31.12.1997 mit Aktiven von CHF 15'443'467.03 und Passiven von CHF
15'243'467.03, wofür 20'000 Namenaktien zu CHF 10.-- ausgegeben werden
27.06.2007 Merger:
Übernahme der Aktiven und Passiven der Tally Weijl International AG, in Basel
(CH-270.3.013.697-7) gemäss Fusionsvertrag vom 18.06.2007 und Bilanz per
31.12.2006. Aktiven von CHF 1'304'343.43 und Passiven (Fremdkapital) von CHF
1'270'818.83 gehen auf die übernehmende Gesellschaft über. Gemäss Bestätigung
des besonders befähigten Revisors liegen Rangrücktrittserklärungen im Umfang
der Unterdeckung vor. Da dieselbe Aktionärin sämtliche Aktien der an der Fusion
beteiligten Gesellschaften hält, findet weder eine Kapitalerhöhung noch eine
Aktienzuteilung statt.
Title Name
President Beat
Grüring, Origin: Biel/Bienne, Switzerland, Residential address: Riehen,
Switzerland, joint signature of two
Company
Secretary Ravital
Elfassi, Origin: Biel/Bienne, Switzerland, Residential address: Zug, Switzerland,
joint signature of two
Title Name
Auditor Ernst
& Young AG, Origin: Bern, Switzerland, Residential address: Bern,
Switzerland
Name: Tally Weijl Holding AG
City/Country: Basel/BS, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Name: Tally Weijl Holding AG
City/Country: Basel/BS, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
TALLY WEiJL is a leading international fashion
label which designs, produces and sells sexy fashion for young women and girls
in its own stores. TALLY WEiJL was founded in 1984 by Tally Elfassi-Weijl and
Beat Grüring at Lohn in the Canton of Solothurn (Switzerland).
Name: Elam AG
City/Country: Zug/ZG, Switzerland/CH
Name: Tally Weijl France SA
City/Country: Paris, France/FR
Name: Tally Weijl Holding
GmbH
City/Country: Loerrach, Germany/DE
Name: Tally Weijl Holdings
(Europe) Aps
City/Country: Kopenhagen, Denmark/DK
Name: Tally Weijl Retail
Switzerland AG
City/Country: Basel/BS, Switzerland/CH
Name: TWSS Adriatic Holdings
GmbH
City/Country: Basel/BS, Switzerland/CH
It is believed that the company has no
investments.
In 2011, TALLY WEiJL generated external
sales of 515 million euros with 2'800 employees.
Control date Year No. Amount CHF Status
04.09.2012 2012 0
04.09.2012 2011 0
04.09.2012 2010 0
04.09.2012 2009 0
04.09.2012 2008 1 100.-- Legal actions
31.08.2011 2007 2 831.-- Legal actions
31.08.2011 2007 1 5'369.-- Opposition filed
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:
AUG 2009: CHF 11'050.00, booked up.
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 in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
|
<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 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.