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Report No. : |
329918 |
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Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
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Name : |
CORTEFIEL COMMERCIAL SA |
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|
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Registered Office : |
C/o L'Etude Gillon Perritaz Overney Favre & Cie Swiss, Boulevard De Pérolles 21, 1700 Fribourg/FR |
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Country : |
Switzerland |
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Date of Incorporation : |
17.02.1998 |
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Com. Reg. No.: |
217.0.138.651-3 |
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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 : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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 – 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 all 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 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 continues 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 of 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 during 2011-13. In recent years, Switzerland has
responded to increasing pressure from neighboring countries and trading
partners, including the EU, the US, and international institutions to reform its
banking secrecy laws. In response to that international pressure, the Swiss
government has agreed 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, while openly considering the possibility
of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
CORTEFIEL
COMMERCIAL SA
c/o L'Etude Gillon
Perritaz Overney Favre & Cie Swiss Operating
Address:
Boulevard de
Pérolles 21 Rue
de Romont 10
1700 Fribourg/FR 1700
Fribourg
Switzerland/CH Switzerland/CH
Telephone: 026
3410980 026
3410980
Fax: 026
3471631 026
3471631
Web
site: http://www.grupocortefiel.com
E-mail: info@grupocortefiel.com
WIN
Worldbox No.: CH0003444244
VAT-No.: CHE-104.231.645 MWST
UID-No.: CHE104231645
Established: 1998
Line
of Business: Consumer goods
wholesale, Financial services
Industry
Division: Wholesale trade,
Services
Industry-code (NACE): 4642 Wholesale of clothing and footwear
6420 Activities of holding companies
Import/Export: Import
Banks: UBS Ltd
Banco
Santander (Suisse) SA, Genève
Coverage: Company
Financial
year: 2015
Employees: 1-9
The business activities includes trading
with fashions and the management of shareholdings in other companies,
especially for the Cortefiel group. Brands: CORTEFIEL, SPRINGFIELD, Pedro del Hierro,
Women'secret.
Real
Estate: The company does
not appear to own any property.
Company
No: 217.0.138.651-3
UID-No.: CHE104231645
Legal
form: Company limited by
shares
Registration: 17.02.1998
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
History: Date of Incorporation
Statutes: 28.12.1998
Date of
Statutes: 13.12.2005
Date of
Statutes: 23.02.1999
Entry Deleted Name
active Cortefiel
Commercial SA
active Cortefiel
Commercial AG (Name translated)
active Cortefiel
Commercial Ltd (Name translated)
Entry Deleted Legal domicile
active Fribourg,
Switzerland
Entry Deleted Address
05.11.2014 c/o
L'Etude Gillon Perritaz Overney Favre & Cie Swiss, Boulevard de Pérolles 21,
Lawyers, 1700 Fribourg/FR, Switzerland/CH
14.10.1999 c/o Etude de Mes Thiebaud & von der Weid,
Rue de Romont 35, 1700 Fribourg/FR, Switzerland/CH
18.07.2000 05.11.2014 Rue de Romont 10, 1700 Fribourg/FR,
Switzerland/CH
14.10.1999 18.07.2000 c/o Lenz & Staehelin, Rue de Romont 35,
1700 Fribourg/FR, Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 5,000,000, paidup CHF 5,000,000
Entry Deleted Capital Structure
active 50,000
Registered shares of CHF 100.--
Title Name
President Juan Carlos
Escribano Garcia
Citizen:
Spain
Residential
address: Madrid, Spain
joint
signature of two
Registered
since: 13.08.2009
Company
Secretary Luke Henri
Gillon
Citizen:
Châtonnaye, Le Châtelard, Switzerland
Residential
address: 1752 Villars-sur-Glâne/FR, Switzerland
joint
signature of two
Registered
since: 30.08.2007
Director Bruno Mock
Citizen:
Zürich, Herisau, Switzerland
Residential
address: 8700 Küsnacht/ZH, Switzerland
joint
signature of two
Registered
since: 09.06.2000
Title Name
Auditor Deloitte
AG
Residential
address: Basel, Switzerland
Id:
CH-270-9000077-0
Title Name
Chief
Executive Officer Bruno Mock
Name: Cortefiel SA
City/Country: Madrid, Spain/ES
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: Cortefiel SA
City/Country: Madrid, Spain/ES
Interest: 100,00% voting right,
100,00% 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
15.03.2010 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
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.
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.
By a direct call on 5th of december to the
trustee office "Etude Gillon", we disclosed that the operating
address of the company is still at "Rue de Romont 10, 1700 Fribourg".
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 in order.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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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 |
|
|
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.