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Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
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Name : |
CUBESEVEN GMBH |
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Registered Office : |
C/o KBT Treuhand AG Zug Grabenstrasse 25 6340 Baar/ZG |
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Country : |
Switzerland |
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Date of Incorporation : |
13.03.2009 |
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Com. Reg. No.: |
660.0.595.009-6 / 938976 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Design, production and distribution of fashion items such as handbags, watches, luggage, and accessories made of leather and textiles. |
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No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
CubeSeven GmbH
Operating
address:
c/o KBT Treuhand
AG Zug
Grabenstrasse 25
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7693030
Fax: 041
7693031
VAT-No.: CHE114768177
Established: 2009
Line
of Business: Textiles/flooring,
Advertising/Communication
Industry
Division: Manufacturing,
Services
Industry-code (NACE): 1512 Manufacture of luggage, handbags and the
like, saddlery and harness
7410 Specialised design activities
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 3
The business activities includes the design,
production and distribution of fashion items such as handbags, watches,
luggage, and accessories made of leather and textiles.
Information on property ownership was not
available.
Company
No: 660.0.595.009-6 /
938976
Legal
form: Limited Liability
Company
Registration: 13.03.2009
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Incorporation
Statutes: 03.03.2009
Date of
Statutes: 28.09.2011
Date of
Statutes: 09.07.2010
Entry Deleted Name
03.10.2011 CubeSeven
GmbH
03.10.2011 CubeSeven
Sàrl (Name translated)
03.10.2011 CubeSeven
Ltd Liab. Co (Name translated)
13.03.2009 03.10.2011 FEYNSINN GROUP GmbH
13.03.2009 03.10.2011 FEYNSINN GROUP Sàrl (Name translated)
13.03.2009 03.10.2011 FEYNSINN GROUP Ltd liab. Co (Name translated)
Entry Deleted Legal domicile
10.08.2010 Baar,
Switzerland
13.03.2009 10.08.2010 Genève, Switzerland
Entry Deleted Address
10.08.2010 c/o
KBT Treuhand AG Zug, Grabenstrasse 25, 6340 Baar/ZG, Switzerland/CH
13.03.2009 10.08.2010 Place des Philosophes, 1205 Genève/GE,
Switzerland/CH
Entry Deleted Capital
13.03.2009 LLC
Capital CHF 20'000
Entry Deleted Activity (original Language)
03.10.2011 Entwerfen
(Design) und Produzieren von Modeartikeln (Textilien, Leder) und modenahen
Produkten (insbesondere Taschen, Reisegepäck, Uhren und Accessoires) sowie deren
Vertrieb, Beratung für Marketingstrategie, integrierte Kommunikation,
internationale Expansion und eCommerce sowie Erstellen von Konzepten im
Marketingbereich und damit im Zusammenhang stehende Beratungen; vollständige
Zweckumschreibung gemäss Statuten
10.08.2010 03.10.2011 Entwerfen (Design) und Produzieren von
Lederwaren, insbesondere Taschen, Reisegepäck und Accessoires sowie deren
Vertrieb, Erstellen von Konzepten im Marketing Bereich sowie damit im
Zusammenhang stehende Beratungen; vollständige Zweckumschreibung gemäss
Statuten
13.03.2009 10.08.2010 Design et production d'articles de
maroquinerie, notamment de sacs, de bagages et d'accessoires ainsi que
commercialisation de ces produits; élaboration de concepts dans le domaine du
marketing ainsi que conseils y relatifs (cf. statuts pour but complet).
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
10.08.2010 Reports:
Mitteilungen an die Gesellschafter erfolgen per Brief oder E-Mail.
10.08.2010 Audit:
Gemäss Erklärung der Geschäftsführung vom 03.03.2009 untersteht die
Gesellschaft keiner ordentlichen Revision und verzichtet auf eine
eingeschränkte Revision.
Title Name
General
Partner Nicole
Kurek, Origin: Germany, Residential address: Carouge/GE, Switzerland, Capital
share: CHF 20'000, single signature
Title Name
General
Manager Nicole
Kurek, Origin: Germany, Residential address: Carouge/GE, Switzerland, single
signature
Title Name
Chief
Executive Officer Nicole
Kurek
No.
of Owner/-s: 1
Owner: The company is
privately owned.
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
25.10.2010 2010 0
25.10.2010 2009 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.
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.53.96 |
|
|
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
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 |
|
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 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.