|
Report No. : |
302309 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BUGATTI SHOES MAN AG |
|
|
|
|
Registered Office : |
Chamerstrasse 50 Postfach 346 6331
Hünenberg/ZG Switzerland/CH |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Date of Incorporation : |
23.10.2003 |
|
|
|
|
Com. Reg. No.: |
170.4.004.525-3 / 722400 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear |
|
|
|
|
No. of Employees : |
10 |
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 : |
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 – 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 |
BUGATTI SHOES MAN AG
Chamerstrasse 50
Postfach 346
6331 Hünenberg/ZG
Switzerland/CH
Telephone: 041
7636051
Fax: 041
7635055
Web
site: http://www.bugatti-shoes.ch
E-mail: info@bugatti-shoes.ch
WIN
Worldbox No.: CH0005979358
VAT-No.: CHE110271239
Established: 1928
History: 1928: Established from Johann Müller
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4642 Wholesale of clothing and footwear
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2014
Employees: 10
Sales: CHF 6-8 Mio
The business comprises the sale of footwear
for men withr the brand Bugatti. The shoes are sold in 35 countries.
Real
Estate: The company owns
no property.
Company
No: 170.4.004.525-3 / 722400
Legal
form: Company limited by
shares
Registration: 23.10.2003
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
History: Date of Statutes:
12.06.2014
Date of
Statutes: 31.03.2014
Date of
Statutes: 24.10.2012
Date of
Statutes: 16.06.2011
Date of
Statutes: 21.06.2007
Date of
Incorporation Statutes: 20.10.2003
Entry Deleted Name
24.06.2014 bugatti
shoes man ag
10.08.2011 24.06.2014 bugatti shoes man gmbh
04.07.2011 10.08.2011 bugatti men shoes gmbh
23.10.2003 04.07.2011 Bugatti Shoes GmbH
Entry Deleted Legal domicile
27.06.2007 Hünenberg,
Switzerland
23.10.2003 27.06.2007 Baar, Switzerland
Entry Deleted Address
27.09.2010 Chamerstrasse
50, 6331 Hünenberg/ZG, Switzerland/CH
27.06.2007 27.09.2010 Chamerstrasse 44, 6331 Hünenberg/ZG,
Switzerland/CH
23.10.2003 27.06.2007 Ruessenstrasse 4, 6340 Baar/ZG, Switzerland/CH
Entry Deleted Capital
24.06.2014 Share
Capital CHF 100,000, paidup CHF 100,000
23.10.2003 07.04.2014 LLC Capital CHF 20,000
Entry Deleted Capital Structure
24.07.2014 100
Registered shares with restricted transferability of CHF 1,000.--
08.11.2012 24.06.2014 20 Participation shares of CHF 1,000.--
23.10.2003 08.11.2012 1 Participation shares of CHF 19,000.--
23.10.2003 08.11.2012 1 Participation shares of CHF 1,000.--
Title Name
Director Tim-Torsten
Müller
Citizen:
Germany
Residential
address: Erlenbach/ZH, Switzerland
single
signature
Registered
since: 07.04.2014
Title Name
Director Siawasch
Barasandeh Nejad
Citizen:
Germany
Residential
address: Münchweiler , Germany
joint
signature of two
Registered
since: 27.09.2010
Title Name
Auditor Zingg,
Hotz & Partner AG
Residential
address: Zug, Switzerland
Id:
CH-170.3.002.248-8
Registered
since: 07.04.2014
Name: AstorMueller AG
City/Country: Hünenberg/ZG, Switzerland/CH
No.
of Owner/-s: 4
Owner: The company is domestic
owned.
Class: 50-100%
Type: direct, Group-Level 1
Name: AstorMueller AG
City/Country: Hünenberg/ZG, Switzerland/CH
Capital
share: CHF 16,000.--
Interest: 80,00% voting right,
80,00% capital interest (since 23.10.2003)
Class: 10-19%
Type: direct
Name: Siawasch Barasandeh
Nejad
City/Country: Münchweiler, Germany/DE
Capital
share: CHF 2,000.--
Interest: 10,00% voting right,
10,00% capital interest
Class: 0-9%
Type: direct
Name: RKT Investment GmbH
City/Country: Hünenberg/ZG, Switzerland/CH
Capital
share: CHF 1,000.--
Interest: 5,00% voting right,
5,00% capital interest (since 08.11.2012)
Class: 0-9%
Type: direct
Name: Tim-Torsten Müller
City/Country: Erlenbach/ZH, Switzerland/CH
Capital
share: CHF 1,000.--
Interest: 5,00% voting right,
5,00% capital interest
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
05.03.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 0
31.12.2007 2007 0
31.12.2006 2006 0
31.12.2005 2005 0
31.12.2004 2004 0
31.12.2003 2003 0
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.
Payment experiences from pre-legal
collection cases:
No payment experiences from pre-legal
collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection
cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of
payment and the business conduct.
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: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.