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Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ALDO GROUP INTERNATIONAL AG |
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Registered Office : |
Schochenmühlestrasse 6 Postfach 126 6340
Baar/ZG Switzerland/CH |
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Country : |
Switzerland |
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Date of Incorporation : |
26.02.1985 |
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Com. Reg. No.: |
170.3.010.947-0 / 144240 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
25 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 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 |
Aldo Group
International AG
Schochenmühlestrasse
6
Postfach 126
6340 Baar/ZG
Switzerland/CH
Telephone: 041
7254747
Fax: 041
7254748
Web
site: http://www.aldoshoes.com
E-mail: agch@aldogroup.com
WIN
Worldbox No.: CH0000264699
VAT-No.: CHE103522146
Established: 1985
Line
of Business: Consumer goods
wholesale, Commercial services
Industry
Division: Wholesale trade,
Services
Industry-code (NACE): 4642 Wholesale of clothing and footwear
8299 Other business support service activities
n.e.c.
Import/Export: Import, Export
Banks: UBS Ltd
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 25
Sales: CHF 10-20 Mio
The company is engaged in the retail sale of
shoes, leather goods and accessories. Sales units exist in Geneva and Berne.
The enterprise is also responsible for franchises for the production of the
products for the Group.
Real
Estate: The company does
not appear to own any property.
Company
No: 170.3.010.947-0 / 144240
Legal
form: Company limited by
shares
Registration: 26.02.1985
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
14.12.1994
Date of
Statutes: 01.07.2005
Date of
Statutes: 14.03.2002
Date of
Statutes: 17.08.2001
Entry Deleted Name
24.08.2001 Aldo
Group International AG
24.08.2001 Redax AG
Entry Deleted Legal domicile
18.07.2005 Baar,
Switzerland
18.07.2005 Zug, Switzerland
Entry Deleted Address
27.06.2012 Schochenmühlestrasse
6, 6340 Baar/ZG, Switzerland/CH
18.07.2005 Schulweg 7, 6317 Oberwil bei Zug/ZG,
Switzerland/CH
18.07.2005 27.06.2012 Lindenstrasse 8, 6340 Baar/ZG, Switzerland/CH
Entry Deleted Capital
05.04.2002 Share
Capital CHF 550,000, paidup CHF 550,000
05.04.2002 Share Capital CHF 300,000, paidup CHF 300,000
Entry Deleted Capital Structure
05.04.2002 1,100
Registered shares with restricted transferability of CHF 500.--
05.04.2002 600 Registered shares with restricted
transferability of CHF 500.--
Title Name
President Peter
Mossbrugger
Citizen:
Wittenbach, Switzerland
Residential
address: 8500 Frauenfeld/TG, Switzerland
joint
signature of two
Vice-President Adrian Escher
Citizen:
Zürich, Switzerland
Residential
address: 8001 Zürich/ZH, Switzerland
joint
signature of two
Registered
since: 26.05.2009
Director Normann
Jaskolka
Citizen:
Canada
Residential
address: Montreal, Canada
joint
signature of two
Registered
since: 19.02.2003
Director Martin
Lemieux
Citizen:
Canada
Residential
address: Baar, Switzerland
joint
signature of two
Registered
since: 31.01.2014
Title Name
Member
with signing authority Natascha
Hartmann
Citizen:
Zürich, Switzerland
Residential
address: 8800 Thalwil/ZH, Switzerland
joint
signature of two
Registered
since: 24.10.2008
Member
with signing authority Stefan
Odermatt
Citizen:
Dallenwil, Switzerland
Residential
address: 6313 Edlibach/ZG, Switzerland
joint
signature of two
Registered
since: 04.10.2010
Title Name
Auditor Ernst
& Young AG
Residential
address: Zug, Switzerland
Name: The Aldo Group Inc.
City/Country: Montreal/Quebec, Canada/CA
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: The Aldo Group Inc.
City/Country: Montreal/Quebec, Canada/CA
Interest: 100,00% voting right, 100,00%
capital interest
Class: 50-100%
Name: Aldo Group
International Inc
City/Country: Barbados, Barbados/BB
Control date Year No. Amount CHF Status
05.11.2014 2014 0
31.12.2013 2013 0
31.12.2012 2012 0
24.04.2012 2009 0
24.04.2012 2008 0
31.12.2011 2011 0
31.12.2010 2010 0
25.11.2009 2007 0
25.11.2009 2005 0
01.10.2007 2006 0
22.09.2006 2004 0
22.09.2006 2003 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
appears to be good.
Payment
experiences: Financial obligations are
paid punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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 |
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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 |
|
|
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 |
|
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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 |
|
|
<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.