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Report Date : |
14.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ALINE GMBH |
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Registered Office : |
Operating address: Bernstrasse 264, 3613 Steffisburg/BE |
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Country : |
Switzerland |
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Date of Incorporation : |
26.03.2003 |
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Com. Reg. No.: |
092.4.016.145-5 / 717025 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Retail stores includes the operation of a boutique with watches and
jewelery |
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No. of Employees |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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.
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
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Source
: CIA |
ALine GmbH
Operating address:
Bernstrasse 264
3613 Steffisburg/BE
Switzerland/CH
Telephone: 033 6550608
Fax: 033 6550610
Web site: http://www.swisstime.ch
E-mail: mail@alinecollection.ch
WIN Worldbox No.: CH0005923884
VAT-No.: CHE110191149
Established: 2003
Line of Business: Retail
stores
Industry Division: Retail
trade
Industry-code (NACE): 4777 Retail sale of watches and jewellery in
specialised stores
Import/Export: Import
Banks: UBS Ltd
Coverage: Company
Employees: 2
Sales: CHF 0-1 Mio
The business activities includes the operation of a boutique with
watches and jewelery. The assortment includes Sapphires from mines in
Madagascar and Sri Lanka as well as Fine Spinels, Tourmalines, Tsavorties,
Spessarties, Aquamarines from India and other gemstones.
Information on property ownership was not available.
Company No: 092.4.016.145-5 /
717025
Legal form: Limited Liability
Company
Registration: 26.08.2003
Legal status: active
Responsible Register: Handelsregister
des Kantons Bern
History: Date of Statutes:
03.10.2012
Date of Statutes:
04.06.2009
Date of Statutes:
02.11.2007
Date of Incorporation
Statutes: 22.08.2003
Entry Deleted Name
26.08.2003 ALine
GmbH
Entry Deleted Legal domicile
08.10.2012 Steffisburg,
Switzerland
26.08.2003 08.10.2012 Uetendorf, Switzerland
Entry Deleted Address
08.10.2012 Bernstrasse
264, 3613 Steffisburg/BE, Switzerland/CH
26.08.2003 08.10.2012 Glütschbachstrasse 3, 3661 Uetendorf/BE,
Switzerland/CH
Entry Deleted Capital
26.08.2003 LLC
Capital CHF 20,000
Entry Deleted Capital Structure
14.06.2013 200
Participation shares of CHF 100.--
13.04.2010 14.06.2013 20 Participation shares of CHF 100.--
Entry Deleted Activity (original Language)
13.04.2010 Zweck
der Gesellschaft ist der Handel mit Waren aller Art, insbesondere der Import
und Export von Mineralien, Edelsteinen und Schmuck sowie das Erbringen von
damit im Zusammenhang stehenden Dienstleistungen. Die Gesellschaft kann sich an
anderen Unternehmen im In- und Ausland beteiligen, solche erwerben oder sich
mit solchen zusammenschliessen; sie kann Niederlassungen im In- und Ausland
errichten, Grundstücke erwerben und veräussern und alle Geschäfte tätigen, die
geeignet sind, ihren Zweck zu fördern, oder die direkt oder indirekt damit
zusammenhängen.
26.08.2003 13.04.2010 Handel mit Waren aller Art, insbesondere
der Import und Export von Mineralien, Edelsteinen und Schmuck sowie Erbringen
von damit im Zusammenhang stehenden Dienstleistungen. Kann sich an anderen
Unternehmen beteiligen, solche erwerben oder sich mit solchen
zusammenschliessen, Grundstücke erwerben und veräussern.
Entry Deleted Remarks (original Language)
17.10.2012 Business
place (-s): Bernstrasse 264, 3627 Heimberg.
13.04.2010 Reports:
Mitteilungen an die Gesellschafter: schriftlich, mit Telefax oder
elektronischer Post.
13.04.2010 Audit:
Gemäss Erklärung der Geschäftsführung vom 04.06.2009 untersteht die
Gesellschaft keiner ordentlichen Revision und verzichtet auf eine
eingeschränkte Revision.
26.08.2003 Publishing
authority: SHAB.
26.08.2003 13.04.2010 Reports: Die Einladungen zu den
Gesellschafterversammlungen erfolgen schriftlich, in dringenden Fällen per
Telefon oder Fax; die Mitteilungen an die Gesellschafter erfolgen schriftlich,
in dringenden Fällen per Telefon, Fax oder E-Mail.
Title Name
General Manager Alexander Leuenberger, Origin: Ursenbach, Switzerland,
Residential address: Räftlistrasse 684, 3654 Sigriswil, Switzerland, born:
02.02.1968, single signature, Registered since: 26.08.2003
Title Name
Chief Executive Officer Alexander
Leuenberger
No. of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: direct
Name: BuenInvest GmbH
City/Country: Steffisburg/BE,
Switzerland/CH
No. of shares: 200
Capital share: CHF 20,000.--
Interest: 100,00% voting
right, 100,00% capital interest
It is believed that the company has no investments.
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 considered to be in order.
Payment experiences: There are no
objections regarding the payment of financial obligations.
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
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Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds
started falling month-wise after the imposition of 2 % of import duty on the
polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
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The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.87 |
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1 |
Rs.100.98 |
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Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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.