|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
LAVANA TEXTIL AG |
|
|
|
|
Registered Office : |
Motorenstrasse 100, 8620 Wetzikon/ZH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Year of Establishments: |
1978 |
|
|
|
|
Com. Reg. No.: |
020.3.915.545-1 / 358263 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
wholesale and retail sale of home textiles such as bed linen, blankets and kitchen items. |
|
|
|
|
No. of Employees : |
06 |
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 |
|
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 – 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 |
Lavana Textil AG
Motorenstrasse 100
8620 Wetzikon/ZH
Switzerland/CH
Telephone: 044
9311700
Fax: 044
9311709
Web
site: http://www.lavana.ch
E-mail: info@lavana.ch
VAT-No.: CHE-100.129.054
Established: 1978
Line
of Business: Consumer goods
wholesale, Retail stores
Industry
Division: Wholesale trade,
Retail trade
Industry-code (NACE): 4641 Wholesale of textiles
4751 Retail sale of textiles in specialised
stores
Import/Export: Import
Banks: unknown
Coverage: Company
Employees: 6
The business activities includes wholesale and retail sale of home textiles such as bed linen, blankets and kitchen items.
Information on property ownership was not available.
Company
No: 020.3.915.545-1 /
358263
Legal
form: Company limited
by shares
Registration: 21.06.1983
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zürich
History: Date of Statutes:
05.04.1984
Date of
Statutes: 24.10.2008
Date of
Statutes: 11.05.1995
Entry Deleted Name
26.06.1995 Lavana
Textil AG
26.06.1995 Lavanetta AG
Entry Deleted Legal domicile
26.06.1995 Wetzikon
(ZH), Switzerland
26.06.1995 Bäretswil, Switzerland
Entry Deleted Address
06.08.2009 Motorenstrasse
100, 8621 Wetzikon/ZH, Switzerland/CH
26.06.1995 Adetswilerstrasse 1, 8344 Bäretswil/ZH,
Switzerland/CH
13.10.2000 06.08.2009 Motorenstrasse 100, 8620 Wetzikon/ZH,
Switzerland/CH
26.06.1995 13.10.2000 Hofstrasse 106, 8620 Wetzikon/ZH,
Switzerland/CH
Entry Deleted Capital
07.11.2008 Share
Capital CHF 150'000, paidup CHF 150'000
Entry Deleted Capital Structure
07.11.2008 150
Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
07.11.2008 Die
Gesellschaft bezweckt Handel mit Textilien aller Art sowie Textilvertretungen.
Die Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten und sich an anderen Unternehmen im In- und Ausland beteiligen
sowie alle Geschäfte tätigen, die direkt oder indirekt mit ihrem Zweck in
Zusammenhang stehen. Die Gesellschaft kann im In- und Ausland Grundeigentum
erwerben, belasten, veräussern und verwalten. Sie kann auch Finanzierungen für
eigene oder fremde Rechnung vornehmen sowie Garantien und Bürgschaften für
Tochtergesellschaften und Dritte eingehen.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
07.11.2008 Capital:
Bei der ordentlichen Kapitalerhöhung vom 24.10.2008 werden zwei Forderungen in
der Höhe von insgesamt CHF 115'843.00 verrechnet, wofür 100 Inhaberaktien zu
CHF 1'000.00 ausgegeben werden.
07.11.2008 Reports:
Mitteilungen an die Aktionäre erfolgen per Brief oder Telefax an die im
Aktienbuch verzeichneten Adressen.
Title Name
President Max Linder,
Origin: Linden, Switzerland, Residential address: 8344 Bäretswil, Switzerland,
single signature, Registered since: 18.06.1996
Director Walter
Schoch, Origin: Bäretswil, Switzerland, Residential address: 8302 Kloten,
Switzerland, born: 23.02.1957, single signature, Registered since: 21.09.2005
Title Name
Member
with procuration Luisa
Mathis, Origin: Bäretswil, Switzerland, Residential address: 8344 Bäretswil,
Switzerland, joint power of attorney of two, Registered since: 03.08.2011
Member
with procuration Thomas
Schweizer, Origin: Mönchaltorf, Residential address: Wetzikon/ZH, Switzerland,
joint power of attorney of two, Registered since: 16.01.2013
Title Name
Auditor Dietrich
Treuhand AG, Residential address: Dübendorf, Switzerland, Id:
CH-020.3.906.821-7
Title Name
Chief
Executive Officer Walter
Schoch (walter.schoch@lavana.ch)
No.
of Owner/-s: 2
Owner: The company is
privately owned.
Class: 50%
Name: Max Linder
City/Country: Bäretswil/ZH, Switzerland/CH
Interest: 50.00% voting right,
50.00% capital interest
Class: 50%
Name: Walter Schoch
City/Country: Bäretswil/ZH, Switzerland/CH
Interest: 50.00% voting right,
50.00% capital interest
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
25.07.2007 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.
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.55.74 |
|
UK Pound |
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.