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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
BOGH-ART SA |
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Registered Office : |
Place des Bergues 1 1201 Genève/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
01.07.1992 |
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Com. Reg. No.: |
660.0.674.992-9 / 304670 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
The company operates five boutiques (2 in Geneva, 1 in London, 1 in Brussels, 1 in Hong Kong) with jewelry. The range includes earrings, rings, necklaces, bracelets and hair accessories. |
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No. of Employees : |
10-19 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
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
Bogh-Art SA
Operating
address:
Place des Bergues
1
1201 Genève/GE
Switzerland/CH
Telephone: 022
7327555
Fax: 022
7327556
Web
site: http://www.bogh-art.com
E-mail: contact@bogh-art.com
VAT-No.: CHE108111684
Established: 1992
Line
of Business: Retail stores
Industry
Division: Retail trade
Industry-code (NACE): 4777 Retail sale of watches and jewellery in
specialised stores
Import/Export: Import
Banks: unknown
Coverage: Company
Employees: 10-19
The company operates five boutiques (2 in
Geneva, 1 in London, 1 in Brussels, 1 in Hong Kong) with jewelry. The range
includes earrings, rings, necklaces, bracelets and hair accessories.
Information on property ownership was not
available.
Company
No: 660.0.674.992-9 /
304670
Legal
form: Company limited
by shares
Registration: 01.07.1992
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genève
History: Date of Incorporation
Statutes: 17.12.1992
Date of
Statutes: 13.02.2008
Entry Deleted Name
26.02.2008 Bogh-Art
SA
26.02.2008 Aviva SA
Entry Deleted Legal domicile
active Genève,
Switzerland
Entry Deleted Address
21.07.2008 Place
des Bergues 1, 1201 Genève/GE, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
active 100
Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
active Commerce
d'articles et d'objets anciens notamment dans les domaines de l'horlogerie,
l'orfèvrerie, la bijouterie et la joaillerie; réparation, transformation et
expertise desdits articles et objets anciens.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Contribution
in kind/Asset takeover: La reprise de biens envisagée à la constitution a été
réalisée pour le prix de CHF 957'108,71.
active Contribution
in kind/Asset takeover: Actifs et passifs du magasin de vente à l'enseigne
"Aviva", à Genève, rue du Rhône 42 pour le prix maximum de CHF
1'500'000.
active Board
of directors: 1 ou plusieurs membres.
Title Name
President Albert
Boghossian , Origin: Genève, Switzerland, Residential address: Cologny,
Switzerland, single signature, Registered since: 05.08.2008
Director Ralph
Boghossian , Origin: Belgium, Residential address: Genève, Switzerland, single
signature, Registered since: 08.08.2008
Title Name
Auditor MB
Fiduciaire SA, Residential address: Genève, Switzerland, Registered since:
15.11.2006
Owner: The company is
privately owned.
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
01.02.2010 2010 0
01.02.2010 2009 1 198.-- Legal actions
01.02.2010 2008 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:
MAR 2009: CHF 751.00, paid.
Boutiques:
Geneva
Rue du Rhône 42
1201 Geneva
+41 22 732 75 55
Geneva
GRAND HOTEL KEMPINSKI
Quai du Mont Blanc 19
1201 Geneva
+41 22 900 00 30
London
(Opening June 2013)
45A Old Bond Street
London, United Kingdom
Brüssel
CONRAD HOTEL
Avenue Louise 71
1050 Brussels, Belgium
+32 2 808 04 10
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
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 |
|
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 |
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<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.