|
Report No. : |
356426 |
|
Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRUNSCHWIG & CIE SA |
|
|
|
|
Registered Office : |
Rue Du Marché 34, 1204 Genève/GE |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Year of Establishment : |
1891 |
|
|
|
|
Com. Reg. No.: |
660.1.175.999-2 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
·
Retail sale of clothing in specialised stores ·
Retail sale of footwear and leather goods in specialised stores ·
Retail sale of watches and jewellery in specialised stores |
|
|
|
|
No. of Employees : |
450 |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
BRUNSCHWIG & CIE SA
"Bongénie-Grieder"
Operating address:
Rue du Marché 34 Administration:
1204 Genève/GE 3-5
Chemin de la marbrerie
Switzerland/CH Case
postale 1626
1277
Carouge/GE
Switzerland/CH
Telephone: 022
8181111 022
8181411
Fax: 022
8181199 022
8181499
Web site: http://www.bongenie-grieder.ch
E-mail: info@bongenie-grieder.ch
WIN Worldbox No.: CH0000129529
VAT-No.: CHE-101.081.639
MWST
UID-No.: CHE101081639
Established: 1891
History: 1999: Limited company
1891: Established from Adolphe Brunschwig
Line of Business: Retail stores
Industry Division: Retail trade
Industry-code (NACE): 4771 Retail sale of
clothing in specialised stores
4772 Retail sale of footwear and leather goods
in specialised stores
4777 Retail sale of watches and jewellery in
specialised stores
Import/Export: Import
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 450
Sales: CHF
135,000,000.--
Branches: 4
The business
includes the operation of 17 luxury department stores and shops under the name
Grieder and Bongénie. The business located mainly in major cities throughout
Switzerland in Geneva, Vaud, Zurich, Bern, Basel, Lucerne and Valais.
Product range:
clothes, shoes, bags, accessories, jewelry, watches, perfume, household goods
etc.
Real Estate: It
is understood that the company owns certain property.
Company No: 660.1.175.999-2
UID-No.: CHE101081639
Legal form: Company
limited by shares
Registration: 24.06.1999
Legal status: active
Responsible Register: Registre du commerce du canton de Genève
History: Date
of Statutes: 03.07.2009
Date
of Incorporation Statutes: 17.06.1999
Entry Deleted Name
24.06.1999 BRUNSCHWIG
& CIE SA
Entry Deleted Legal domicile
24.06.1999 Genève,
Switzerland
Entry Deleted Address
24.06.1999 Rue
du Marché 34, 1200 Genève/GE, Switzerland/CH
Entry Deleted Capital
24.06.1999 Share
Capital CHF 16,000,000, paidup CHF 16,000,000
Entry Deleted Capital Structure
24.06.1999 16,000
Registered shares of CHF 1,000.--
Entry Deleted Branches
13.08.2007 Eisengasse
14, 4051 Basel/BS, Switzerland/CH
24.07.2000 Place
Saint-François 11, 1003 Lausanne/VD, Switzerland/CH
09.08.1999 Bahnhofstrasse
30, 8001 Zürich/ZH, Switzerland/CH
13.07.1999 chemin
de la Marbrerie 3-5, 1227 Carouge (GE)/GE, Switzerland/CH
Title Name
President Pierre
Brunschwig
Citizen:
Genève, Switzerland
Residential
address: Vandoeuvres, Switzerland
joint
signature of two
Company Secretary Jean-Marc Brunschwig
Citizen:
Genève, Switzerland
Residential
address: Vandoeuvres, Switzerland
joint
signature of two
Director Nicolas
Brunschwig
Citizen:
Genève, Switzerland
Residential
address: Vandoeuvres, Switzerland
joint
signature of two
Director Anne-Marie
De Picciotto
Citizen:
Vandoeuvres, Switzerland
Residential
address: Vandoeuvres, Switzerland
joint
signature of two
Title Name
Member with signing authority Lucile Dumont-Dit-Voitel
Citizen:
Berne, Switzerland
Residential
address: 1200 Genève/GE, Switzerland
joint
signature of two, with a Director
Member with signing authority Alain Slami
Citizen:
France
Residential
address: Reignier, France
joint
signature of two, with a Director
Registered
since: 28.07.2009
Member with signing authority Alexandre Tindillière
Citizen:
Genève, Switzerland
Residential
address: Corsier, Switzerland
joint
signature of two, with a Director
Member with procuration Argi Arroyo Hyvert
Citizen:
Genève, Switzerland
Residential
address: Genève, Switzerland
joint
power of attorney of two, with a Director
Registered
since: 24.04.2013
Member with procuration Franco Bonifacio Perra
Citizen:
Italy
Residential
address: Zurich , Switzerland
joint
power of attorney of two, with a Director
Registered
since: 24.04.2013
Member with procuration Christoph Poupon
Citizen:
Charmoille, Switzerland
Residential
address: Basel/BS, Switzerland
joint
power of attorney of two
Registered
since: 05.09.2014
Member with procuration Philippe Schroff
Citizen:
Prilly, Switzerland
Residential
address: Prilly, Switzerland
joint
power of attorney of two
Registered
since: 05.09.2014
Title Name
Auditor BfB
Société Fiduciaire Bourquin Frères et Béran SA
Residential address: Genève, Switzerland
Title Name
Chief Executive Officer Nicolas Brunschwig
Name: BRUNSCHWIG
HOLDING SA
City/Country: Genève
3/GE, Switzerland/CH
No. of owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: BRUNSCHWIG
HOLDING SA
City/Country: Genève
3/GE, Switzerland/CH
Interest: 100,00%
voting right, 100,00% capital interest
Name: Hofstetter
Sports SA
City/Country: Genève/GE,
Switzerland/CH
Name: Transphère
SA
City/Country: Genève/GE,
Switzerland/CH
Name: version
B intérieur et architecture SA
City/Country: Genève/GE,
Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 217,000.0 218,000.0 220,000.0 216,000.0 228,500.0
Capital 15,000.0 15,000.0 15,000.0 15,000.0 15,000.0
Sales per Employee 289.0 291.0 275.0 280.0 295.0
Employees at
year end 750 750 800 770 774
Employees inland 750 750 800 770 774
Employees abroad 0 0 0 0 0
Offices 25 25 25
Offices inland 25 25 25
Offices abroad 0 0 0
It is believed that
the company has no investments.
Balance sheet
publication:
The subject company
does not publish balance sheet or turnover figures.
Control date Year No. Amount CHF Status
12.02.2015 2015 0 Legal
actions
31.12.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 0 Legal
actions
31.12.2004 2004 0 Legal
actions
Official bankruptcy
reports:
No bankruptcy
publications available on the subject.
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.
The company is not
listed in the WorldCompliance database.
Debt collection
case:
JUL 2015: CHF 140.00, in grogress.
SEP 2012: CHF 141.00, paid.
OCT 2011: CHF 100.00, paid.
NOV 2009: CHF 73.00, paid.
MAY 2008: CHF 62.15, payment after demand.
FEB 2008: CHF 74.30, payment after demand.
OCT 2002: CHF 16'714.00, payment after demand.
FEB 2001: CHF 1'282.00, partial payments after demand.
SEP 1999: CHF 15'154.00, partial payments after demand.
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 good.
Payment experiences: Payment habits are considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
CHF |
1 |
Rs.66.87 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.