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MIRA INFORM REPORT
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Report No. : |
482592 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
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Name : |
RAVENE SA |
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Registered Office : |
Place du Molard 9 1204
Genève/GE /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
29.01.1987 |
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Com. Reg. No.: |
660.0.072.987-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The business includes trading in diamonds and other
precious stones for the watch and jewelry industry. |
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No. of Employees : |
1-9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC
OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 2011-16.
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 |
Company
name and address
Ravene
SA
Operating address:
place
du Molard 9
1204
Genève/GE
Switzerland/CH
Telephone: 022
3123151
Fax: 022
3123212
WIN Worldbox No.: CH0001293069
VAT-No.: CHE-100.783.408
MWST
UID-No.: CHE100783408
Profile
Established: 1987
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4648 Wholesale of watches and jewellery
Import/Export: Import,
Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 1-9
Sales: CHF
2-4 Mio
Activity
The business includes trading in
diamonds and other precious stones for the watch and jewelry industry.
Real
Estate
Information on property
ownership was not available.
Company
Register
Company No: 660.0.072.987-2
UID-No.: CHE100783408
Legal form: Company
limited by shares
Registration: 29.01.1987
Legal status: active
Responsible Register: Registre
du commerce du canton de Genève
History: Date
of Statutes: 12.04.1989
Date
of Statutes: 18.12.2008
Date
of Statutes: 18.09.1997
Entry Deleted Name
active Ravene
SA
Entry Deleted Legal
domicile
active Genève,
Switzerland
Entry Deleted Address
active place
du Molard 9, 1200 Genève/GE, Switzerland/CH
Entry Deleted Capital
07.10.1997 Share
Capital CHF 200,000, paidup CHF 200,000
Entry Deleted Capital
Structure
07.10.1997 200
Registered shares of CHF 1,000.--
Official
Administration
Title Name
President Cohen,
Raphaël
Citizen:
France
Residential
address: 1200 Genève/GE, Switzerland
single
signature
Director Cohen,
Monique
Citizen:
Lausanne, Switzerland
Residential
address: 1223 Cologny/GE, Switzerland
joint
signature of two
Registered
since: 20.12.1995
External
Positions
Title Name
Auditor Experco
Partenaires SA,
Residential
address: Genève, Switzerland
Direct
owner/-s
Owner: The
company is privately owned.
Under Swiss Company Law, limited
companies (AG, SA, LTD.) are not required to file information on shareholders
of a company.
Investments
It is believed that the company
has no investments.
Financials
The subject company does not
publish financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
11.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
31.12.2006 2006 0 Legal
actions
No legal actions determined.
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.
Sanctions
List
We did not find the company
included on the various international sanctions lists, such as the OFAC (Office
of Foreign Assets Control), the BIS (Bureau of Industry and Security), the
European Union Restrictive measures (sanctions) list, the Export Control
Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and
Trade.
Payment
experiences
Payment experiences are
considered to be in order.
Credit
Information
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.
Credit Opinion: Credit
to the recommended limit should be acceptable but should be monitored on a
regular basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.47 |
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1 |
INR 86.15 |
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Euro |
1 |
INR 75.92 |
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CHF |
1 |
INR 64.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.