MIRA INFORM REPORT

Report Date :

25.11.2014

IDENTIFICATION DETAILS

Name :	CUBESEVEN GMBH
Registered Office :	c/o KBT Treuhand Business Center AG Neuhofstrasse 5A 6340 Baar/ZG Switzerland/CH
Country :	Switzerland
Date of Incorporation :	13.03.2009
Com. Reg. No.:	660.0.595.009-6 / 938976
Legal Form :	Limited Liability Company
Line of Business :	Subject includes trade, consulting for marketing strategy, integrated communication and ECommerce services in particular in the fields of fashion products (textiles, leather) and fashion-related products (bags, luggage, watches and accessories).
No. of Employees :	03

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

Company name and address

CUBESEVEN GMBH

Operating address

c/o KBT Treuhand Business Center AG

Neuhofstrasse 5A

6340 Baar/ZG

Switzerland/CH

Telephone: 041 7693030

Fax: 041 7693031

Web site: http://www.cube-seven.com

E-mail: info@cube-seven.com

WIN Worldbox No.: CH0008193623

VAT-No.: CHE114768177

Profile

Established: 2009

Line of Business: IT services

Industry Division: Services

Industry-code (NACE): 6209 Other information technology and computer service activities

6312 Web portals

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2014

Employees: 3

Sales: CHF 1,000,000.--

Activity

The activities includes trade, consulting for marketing strategy, integrated communication and eCommerce services in particular in the fields of fashion products (textiles, leather) and fashion-related products (bags, luggage, watches and accessories).

The company also operates the online store Jive24.de. The product range includes women's and men's bags, luggage, clothing and accessories.

Real Estate

Real Estate: The company does not appear to own any property.

Company Register

Company No: 660.0.595.009-6 / 938976

Legal form: Limited Liability Company

Registration: 13.03.2009

Legal status: active

Responsible Register: Handelsregister des Kantons Zug

History: Date of Statutes: 28.09.2011

Date of Statutes: 09.07.2010

Date of Incorporation Statutes: 03.03.2009

Entry Deleted Name

03.10.2011 CubeSeven GmbH

03.10.2011 CubeSeven Sàrl (Name translated)

03.10.2011 CubeSeven Ltd Liab. Co (Name translated)

13.03.2009 03.10.2011 FEYNSINN GROUP GmbH

13.03.2009 03.10.2011 FEYNSINN GROUP Sàrl (Name translated)

13.03.2009 03.10.2011 FEYNSINN GROUP Ltd liab. Co (Name translated)

Entry Deleted Legal domicile

10.08.2010 Baar, Switzerland

13.03.2009 10.08.2010 Genève, Switzerland

Entry Deleted Address

17.10.2013 c/o KBT Treuhand Business Center AG, Neuhofstrasse 5A, 6340 Baar/ZG, Switzerland/CH

10.08.2010 17.10.2013 c/o KBT Treuhand AG Zug, Grabenstrasse 25, 6340 Baar/ZG, Switzerland/CH

13.03.2009 10.08.2010 Place des Philosophes, 1205 Genève/GE, Switzerland/CH

Entry Deleted Capital

13.03.2009 LLC Capital CHF 20,000

Official Administration

Title Name

General Partner Nicole Kurek, Citizen: Germany, Residential address: Carouge/GE, Switzerland, Capital share: CHF 20,000, single signature

Management

Title Name

General Manager Nicole Kurek, Citizen: Germany, Residential address: Carouge/GE, Switzerland, single signature

Executive board

Title Name

Chief Executive Officer Nicole Kurek

Owner/-s

No. of Owner/-s: 1

Owner: The company is privately owned.

Class: 100%

Type: direct

Name: Nicole Kurek

City/Country: Carouge, Switzerland/CH

Interest: 100,00% voting right, 100,00% capital interest (since 13.03.2009)

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

25.10.2010 2010 0

31.12.2009 2009 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.

Credit Information

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.61.78
UK Pound	1	Rs.96.78
Euro	1	Rs.76.59

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
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%)

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