MIRA INFORM REPORT

 

 

Report Date :

24.07.2013

 

 

 

Tel. No.:

091 9803751

 

IDENTIFICATION DETAILS

 

Name :

BGH SA

 

 

Registered Office :

Viale Giuseppe Cattori 3 6900 Paradiso/TI

 

 

Country :

Switzerland

 

 

Date of Incorporation :

27.05.2005

 

 

Com. Reg. No.:

514.3.029.187-4 / 793100

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

The business activities include trade in sanitary supplies and cleaning products.

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 3.0% 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 safe-haven 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 1.9% in 2011 and 0.8% in 2012. 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 is considering 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

Company name and address

 

BGH SA

 

Operating address:

viale Giuseppe Cattori 3

6900 Paradiso/TI

Switzerland/CH

 

Telephone:                    091 9803751

 

VAT-No.:                      CHE112376441

 

 

Profile

 

Established:                  2005

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4644       Wholesale of china and glassware and cleaning materials

Import/Export:               Import

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  5

Sales:                          CHF 1-2 Mio

 

 

Activity

 

The business activities includes trade in sanitary supplies and cleaning products.

 

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                514.3.029.187-4 / 793100

Legal form:                    Company limited by shares

Registration:                 27.05.2005

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

History:                        Date of Statutes: 04.10.2005

                                    Date of Incorporation Statutes: 25.05.2005

 

Entry          Deleted      Name

27.05.2005                    BGH SA

 

Entry          Deleted      Legal domicile

11.10.2005                    Paradiso, Switzerland

27.05.2005  11.10.2005  Lugano, Switzerland

 

Entry          Deleted      Address

11.10.2005                    Via Cattori 3, 6902 Paradiso/TI, Switzerland/CH

27.05.2005  11.10.2005  Via Serafino Balestra 27, 6900 Lugano/TI, Switzerland/CH

 

Entry          Deleted      Capital

11.10.2005                    Share Capital CHF 100,000, paidup CHF 100,000

27.05.2005  11.10.2005  Share Capital CHF 100,000, paidup CHF 50,000

 

Entry          Deleted      Capital Structure

27.05.2005                    100 Bearer shares of CHF 1,000,--

 

Entry          Deleted      Activity (original Language)

27.05.2005                    La commercializzazione e la distribuzione di beni mobili di ogni genere, in particolare di oggetti in ceramica e porcellana, nonché la consulenza e la prestazione di servizi in genere in ordine alle suddette attività, l'intermediazione commerciale risp. l'assunzione di rappresentanze e l'assunzione di mandati quale agente. La società potrà acquistare, vendere, ricevere in uso e concedere in uso tecnologie, know-how tecnico, brevetti industriali, marchi, licenze e diritti di proprietà industriale in genere. La società potrà acquistare, gravare, gestire, amministrare e vendere beni immobili, nonché partecipare a società e imprese immobiliari. Beni immobili in Svizzera o partecipazioni a società e imprese immobiliari con beni immobili in Svizzera possono tuttavia essere acquisiti (senza procedura di assoggettamento LAFE) solo a condizione che gli immobili siano destinati all'esercizio di un'attività economica giusta l'art. 2 cpv. 2 lett. a) LAFE.

 

Entry          Deleted      Remarks (original Language)

27.05.2005                    Publishing authority: FUSC.

27.05.2005                    Reports: Le comunicazioni e convocazioni della società agli azionisti, se noti, avvengono mediante lettera raccomandata.

 

 

Official Administration

 

Title                                           Name

Director                                       Bernd Georg Hofmann, Origin: Germany, Residential address: Paradiso/TI, Switzerland, single signature, Registered since: 11.10.2005

 

 

External Positions

 

Title                                           Name

Auditor                                        Interfida SA, Residential address: Chiasso, Switzerland

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Bernd Georg Hofmann

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is privately owned.

 

Class:                          100%

Name:                          Bernd Georg Hofmann

City/Country:                 Paradiso/TI, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

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 difficult to assess.

 

Payment experiences:   There are no objections regarding the payment of financial obligations.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.68

UK Pound

1

Rs.91.66

Euro

1

Rs.78.68

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.