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Report No. : |
325019 |
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Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
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Name : |
WALTER MUFF FINE DIAMONDS |
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Registered Office : |
Altgasse 64, 6340 Baar/ZG |
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Country : |
Switzerland |
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Year of Establishment : |
26.04.2000 |
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Com. Reg. No.: |
400.1.021.857-0 |
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Legal Form : |
Sole Proprietorship/Trader |
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Line of Business : |
Retail Sale of Watches and Jewellery in Specialised Stores. |
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No. of Employees : |
1 |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
Walter Muff Fine
Diamonds
Altgasse 64 Postal
address:
6340 Baar/ZG Postfach
109
Switzerland/CH 5630
Muri/AG
Switzerland/CH
Telephone: 056 6647373
Web site: http://www.fine-diamonds.ch
E-mail: info@fine-diamonds.ch
WIN Worldbox No.: CH0003967266
VAT-No.: CHE-105.522.476 MWST
UID-No.: CHE105522476
Established: 2000
Line of Business: Retail stores
Industry Division: Retail trade
Industry-code (NACE): 4777 Retail
sale of watches and jewellery in specialised stores
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 1
Sales: CHF 1-2 Mio
The business activities include trade in precious stones and jewelery,
especially diamonds and jewels.
Information on property ownership was not available.
Company No: 400.1.021.857-0
UID-No.: CHE105522476
Legal form: Sole proprietorship/trader
Registration: 26.04.2000
Legal status: active
Responsible Register: Handelsregister des Kantons Zug
Entry Deleted Name
26.04.2000 Walter Muff Fine Diamonds
Entry Deleted Legal domicile
21.07.2014 Baar, Switzerland
26.04.2000 21.07.2014 Muri
(AG), Switzerland
Entry Deleted Address
21.07.2014 Altgasse 64, 6340 Baar/ZG,
Switzerland/CH
26.04.2000 21.07.2014 Krebsgasse
28, 5630 Muri AG, Switzerland/CH
Title Name
Owner Walter Muff
Citizen:
Neuenkirch, Switzerland
Residential
address: Muri/AG, Switzerland
single signature
Registered since:
26.04.2000
Title Name
Executive Director Walter Muff
No. of Owner/-s: 1
Owner: The company is privately owned.
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
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 World Compliance 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.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
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|
1 |
Rs.98.12 |
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Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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.