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Report No. : |
344071 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
FREE SHOP CIGARS SA |
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Registered Office : |
C/o: Free Shop Frontiera SA, Via Angelo Maspoli 21, 6850 Mendrisio/TI,
Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
501.3.018.150-7 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
The business activities includes the operation of a duty free shops
with sale and distribution of the best-known branded products in the fields
of tobacco products, perfumes, cosmetics, watches, leather and chocolate. |
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No. of Employees : |
10-19 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 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.
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Source
: CIA |
FREE SHOP CIGARS SA
c/o: Free Shop Frontiera SA
Via Angelo Maspoli 21
6850 Mendrisio/TI
Switzerland/CH
Telephone: 091 6460929
091 6463241
Web site: http://www.freeshopfrontiera.ch
E-mail: info@freeshopfrontiera.ch
WIN Worldbox No.: CH0009978195
VAT-No.: CHE-366.132.361
MWST
UID-No.: CHE366132361
Established: 1996
History: 2013: Limited company
Line of Business: Special
retail, Retail stores
Industry Division: Retail
trade
Industry-code (NACE): 4781 Retail sale via stalls and markets of food,
beverages and tobacco products
4775 Retail sale of cosmetic and toilet articles
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: 10-19
Sales: CHF 4-6 Mio
Branches: 7
The business activities includes the operation of a duty free shops with
sale and distribution of the best-known branded products in the fields of
tobacco products, perfumes, cosmetics, watches, leather and chocolate.
The company operates stores at the following locations:
Free Shop 1,2,3
Fox Town Factory Store
Via Angelo Maspoli 18
CH-6850 Mendrisio/TI
1. Floor - Store 107; 3. Floor - Store 357 und 368
Tel.: 091 6460929
Tel.: 091 6463241
E-Mail: info@freeshopfrontiera.ch
Free Shop 4
Fashion Fish Premium Factory Outlet
Parkstrasse 4
CH-5012 Schönenwerd/SO
Tel.: 062 8493576
E-Mail: info@freeshopfrontiera.ch
Free Shop 5
Hilton Zurich Airport
Hohenbuehlstrasse 10
8152 Opfikon-Glattbrugg/ZH
Tel.: 044 6660245
E-Mial: info@freeshopfrontiera.ch
Free Shop 7
Outlet Aubonne
Pré-Neuf 14
CH-1170 Aubonne/VD
Tel.: 021 8070327
E-Mail: info@freeshopfrontiera.ch
Real Estate: The property at
the operating address is rented.
Company No: 501.3.018.150-7
UID-No.: CHE366132361
Legal form: Company limited
by shares
Registration: 08.10.2013
Legal status: active
Responsible Register: Registro di
commercio del Cantone Ticino
History: Date of Statutes:
09.09.2014
Date of Incorporation
Statutes: 04.10.2013
Entry Deleted Name
08.10.2013 FREE
SHOP CIGARS SA
Entry Deleted Legal domicile
08.10.2013 Mendrisio,
Switzerland
Entry Deleted Address
08.10.2013 c/o
Free Shop Frontiera SA, Via Angelo Maspoli 21, 6850 Mendrisio/TI,
Switzerland/CH
Entry Deleted Capital
08.10.2013 Share
Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
11.09.2014 100
Registered shares of CHF 1,000.--
08.10.2013 11.09.2014 100 Bearer shares of CHF 1,000.--
Title Name
Director Alain
Alessandro Proietto Salanitri
Citizen: Italy
Residential address:
Mendrisio, Switzerland
single signature
Registered since:
08.10.2013
No. of owner/-s: 1
Owner: The company is privately
owned.
Class: 100%
Name: Alain Alessandro Proietto
Salanitri
City/Country: Mendrisio,
Switzerland/CH
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.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.