|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
BUGATTI SHOES MAN GMBH |
|
|
|
|
Registered Office : |
Chamerstrasse 50, Hünenberg, 633 |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
28.10.2003 |
|
|
|
|
Com. Reg. No.: |
CH17040045253 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of footwear |
|
|
|
|
No. of Employees : |
10 |
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 |
Company Name BUGATTI SHOES MAN
GMBH
Company Registration Number CH17040045253
Country CH
Activity Code 464202
Activity Description Wholesale of
footwear
Company Status Active
Latest Turnover 20,000,000.00
(CHF)
Activities
Activity Code 464202
Activity Description Wholesale of
footwear
Company Name BUGATTI SHOES MAN
GMBH
Registered Company Name BUGATTI SHOES MAN
GMBH
Company Registration Number CH17040045253
Country CH
Date of Company Registration 28/10/2003
Date of Starting Operations 28/10/2003
Commercial Court Legal Form Limited Liability
Company
Type of Ownership Company Status Active
Principal Activity Code 464202
Principal Activity Description Wholesale of
footwear
Contact Address Chamerstrasse 50,
Hünenberg, 633
Address Chamerstrasse 50,
Hünenberg, 6331
Country CH
Name Tim-Torsten Müller
Address Erlenbach ZH, 8703
Position managing director
Name AstorMueller AG
Address Chamerstrasse 50,
Hünenberg, 6331
Position associate
Name Siawasch Barasandeh
Nejad
Address Münchweiler
Position associate
Name Tim-Torsten Müller
Address Erlenbach ZH, 8703
Position associate
Name RKT Investment
GmbH
Address Chamerstrasse 44,
Hünenberg, 6331
Position associate
Nominal Share Capital 0.02 (CHF)
Name AstorMueller AG
Share Percent 80.00 %
Name Siawasch
Barasandeh Nejad
Address Münchweiler
Share Percent 10.00 %
Name RKT Investment
GmbH
Share Percent 5.00 %
Name Tim-Torsten Müller
Address Erlenbach ZH, 8703
Share Percent 5.00 %
Name Siawasch
AstorMueller AG
Address Hünenberg 6331
Year
Number of
Employees 10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.40 |
|
|
1 |
Rs.99.28 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.