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Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
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Name : |
TOP SHOP INTERNATIONAL SA |
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Registered Office : |
Via Ferruccio Pelli 13 6900 Lugano/TI
Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
09.01.2006 |
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Com. Reg. No.: |
501.3.005.877-5 / 824840 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Retail sale via mail order houses or via Internet |
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No. of Employees |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 began to recover in 2010. 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 below 2% per year during 2011-13. 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 |
In absence of financials, no credit limit could be
recommended
TOP SHOP
INTERNATIONAL SA
Via Ferruccio Pelli
13
6900 Lugano/TI
Switzerland/CH
Telephone: 091
9669544 091
9669544
Web
site: http://www.studio-moderna.com
E-mail: info@studio-moderna.com
WIN
Worldbox No.: CH0007018795
VAT-No.: CHE112713231
Established: 2006
Line
of Business: Special retail
Industry
Division: Retail trade
Industry-code (NACE): 4791 Retail sale via mail order houses or via
Internet
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 12
Top Shop is one of the largest multichannel
retail chains in Central & Eastern Europe. It comprises 5 live TV shopping
channels, 21 transactional websites, 135 branded retail outlets selling popular
branded goods.
DRTV
Direct Response Television is a core part of
TopShop’s activities. Currently they have 24hour live homeshopping channels
broadcasting 7 days a week in 5 different countries. The concepts of the shows
have developed over time and are constantly adapted to meet specific local
needs and demands, but throughout this period TopShopTV has always prided
itself in offering compelling merchandise, competitively priced, with
attractive offers.
Internet
TopShop has webstores in 21 countries in
local languages runned by local internet marketing experts. The core of the
TopShop webstores is to serve as a information centre for DRTV products as well
as support their sales activities with approximately 30 weekly e-mail campaigns
across the region. A Topshop webstore is launched to offer the visitors a more
user friendly and optimized shopping enviroment.
Retail
They have a network of 135 branded Top Shop
walk-in stores across 20 territories, which sells a blend of third party
products and their own proprietary brands, such as Kosmodisk, Dormeo and
Bigfish. These stores reinforce the customer experience, enabling them to
touch, feel and compare their products. The retail network allows the company
to increase the credibility of these products and test them on the spot. By
adding bricks and mortar retail outlets to the network they have been able to
reach those customers who may be resistant to distance selling, but who like to
try before they buy.
Real
Estate: The company does
not appear to own any property.
Company
No: 501.3.005.877-5 / 824840
Legal
form: Company limited by
shares
Registration: 09.01.2006
Legal
status: active
Responsible
Register: Registro di commercio del
Cantone Ticino
History: Date of Statutes:
12.07.2012
Date of
Statutes: 11.09.2008
Date of Statutes:
30.07.2008
Date of
Statutes: 09.01.2006
Date of
Incorporation Statutes: 21.12.2005
Entry Deleted Name
09.01.2006 TOP
SHOP INTERNATIONAL SA
Entry Deleted Legal domicile
09.01.2006 Lugano,
Switzerland
Entry Deleted Address
09.02.2009 Via
Ferruccio Pelli 13, 6900 Lugano/TI, Switzerland/CH
02.03.2006 09.02.2009 Via Pretorio 22, 6900 Lugano/TI,
Switzerland/CH
09.01.2006 02.03.2006 c/o Pieffeci Professional Consulting SA, Via
Pretorio 22, 6900 Lugano/TI, Switzerland/CH
Entry Deleted Capital
09.01.2006 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
09.01.2006 100
Bearer shares of CHF 1,000.--
Entry Deleted Activity (original Language)
16.07.2012 Il commercio,
l'importazione e l'esportazione in genere. La prestazione di servizi di
consulenza ,in attività finanziaria di commercio. Potrà inoltre detenere quote
anche di maggioranza di altre società. Potrà usufruire o concedere
finanziamenti, effettuare ogni attività commerciale finanziaria e di
import-export di ogni merce in relazione con lo scopo sciale. La società può
concedere alle sue società controllanti dirette o indirette ed alle società
affiliate dirette. o indirette, prestiti a titolo oneroso o a titolo gratuito o
altri finanziamenti, nonché emettere garanzie per assicurare impegni di tali
altre società, compresi diritti di pegno o trasferimento di attivi della
società a titolo fiduciario o tramite qualsiasi altro mezzo di garanzia
09.01.2006 16.07.2012 Il commercio, l'importazione e l'esportazione.
La prestazione di servizi di consulenza in attività finanziaria di commercio.
Potrà detenere quote anche di maggioranza di altre società. Potrà usufruire o
concedere finanziamenti, effettuare ogni attività commerciale finanziaria e di
import-export di ogni merce in relazione con lo scopo sociale.
Entry Deleted Remarks (original Language)
16.07.2012 Reports:
Le comunicazioni della società agli azionisti, se noti, avvengono mediante
avviso personale raccomandato.
09.01.2006 Publishing
authority: FUSC.
Title Name
President Sandi Cesko,
Origin: Slovenia, Residential address: 6900 Massagno/TI, Switzerland, single
signature, Registered since: 09.01.2006
Director Aleksander
Brinjevec, Origin: Slovenia, Residential address: Comano, Switzerland, joint
signature of two, Registered since: 22.08.2007
Director Adrian
Philip Burleton, Origin: United Kingdom, Residential address: Savosa,
Switzerland, single signature, Registered since: 30.08.2013
Director Michele
Romerio Giudici, Origin: Giornico, Switzerland, Residential address: Pianezzo,
Switzerland, joint signature of two, Registered since: 09.01.2006
Director Eivind
Schackt, Origin: Norway, Residential address: 6900 Massagno/TI, Switzerland,
without signature, Registered since: 22.08.2007
Title Name
Director Adrian
Philip Burleton, Origin: United Kingdom, Residential address: Savosa,
Switzerland, single signature, Registered since: 30.08.2013
Member
with procuration Matjaz Blatnik,
Origin: Slovenia, Residential address: Ljubljana, Slovenia, joint power of
attorney of two, Registered since: 09.01.2006
Member
with procuration Livija
Dolanc, Origin: Slovenia, Residential address: Izlake, Slovenia, single power of
attorney, Registered since: 25.01.2011
Member
with procuration Nina
Jesensek, Origin: Slovenia, Residential address: Comano, Switzerland, joint
power of attorney of two, Registered since: 30.09.2011
Title Name
Auditor Fiduciaria
Ferrecchi SA, Residential address: Lugano, Switzerland, Id: CH-514.3.000.232-3,
Registered since: 09.02.2009
Title Name
Chief
Executive Officer Eivind
Schackt
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Studio Moderna
Holdings B.V.
City/Country: Amsterdam, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
16.12.2008 2008 0
16.12.2008 2007 0
16.12.2008 2006 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.60.23 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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-- |
NB |
New Business |
-- |
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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.