MIRA INFORM REPORT

 

 

Report Date :

25.01.2008

 

IDENTIFICATION DETAILS

 

Name :

ARCELOR MITTAL DISTRIBUTION FRANCE

 

 

Registered Office :

6 Avenue Jean Claude Bonduelle, 44000 Nantes

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

21 April 2004 - Joint stock company simplified (unique partner)

 

 

Com. Reg. No.:

06B02424, NANTES

 

 

Legal Form :

Joint stock company simplified (unique partner)

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


COMPANY NAME & ADDRESS

 

ARCELOR MITTAL DISTRIBUTION FRANCE

6 AVENUE JEAN CLAUDE BONDUELLE

44000 NANTES FR

Tel. Number  +33-3-26846565

 

 

Business founded

19 April 2004

Business registered

21 April 2004 - Joint stock company simplified (unique partner)

Registration number,

06B02424, NANTES,

party identification,

453144909,

Legal form

Joint stock company simplified (unique partner)

Activities

Wholesale of metals and metal ores

Payment experience

Nothing to report

Credit opinion

Credit opinion

 

Maximum credit limit 10000 EUR is advised

 

Cash situation (balance sheet analysis) : Sufficient 

 

Commitments (regarding contractual obligations) : Fulfilled to date 

 

Payment defaults : None 

Employees (Business)

 27

Total number of shareholders

 1

Total share capital31 December 2006

EUR 37000

Bank

BNPPARB REIMS SLE   

Boardmembers

GASTINEAU PATRICK   President

Management

SIANKOWSKI GEORGES   Managing director

 

MELIS JEAN-PIERRE   Managing director

 

SULTAN ERNEST   Managing director

 

PICAVET JACQUES   Managing director

Auditor

RETAILLEAU MARC   Deputy auditor

Parent company :

336880463   PROD USINE METALLU PUM-STA SCE ACIER   100,00 %   

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  No (Property) 

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

36.674,-

Total Current assets

36.674,-

Cash in hand and at bank

614,-

Total equity, provisions, liabilities, accrued expenses and deferred income

36.674,-

Total equity (Shareholders' funds)

35.956,-

Issued (subscribed) capital

37.000,-

Profit or loss carried forward

-2.351,-

Profit or loss for the previous year

-945,-

Profit or loss for the financial year

1.307,-

Total liabilities

718,-

Total current liabilities

718,-

Current accounts payable (trade)

718,-

Borrowing ratio

2,00 %

Current ratio

5107,80 %

Quick ratio

5107,80 %

Return on assets

1,88 %

Return on equity.

3,63 %

Solidity or equity ratio

98,04 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Total operating expenses

-691,-

Operating profit or loss

691,-

Financial income

616,-

Result of ordinary operations

1.307,-

Pre-tax and pre-appropriation profit or loss

1.307,-

Net profit or loss

1.307,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

37.434,-

Total Current assets

37.434,-

Total accrued income and prepaid expenses

37.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

37.434,-

Total equity (Shareholders' funds)

34.649,-

Issued (subscribed) capital

37.000,-

Profit or loss carried forward

-1.406,-

Profit or loss for the previous year

-1.406,-

Profit or loss for the financial year

-945,-

Total liabilities

2.785,-

Total current liabilities

2.785,-

Current accounts payable (trade)

2.093,-

Borrowing ratio

8,04 %

Current ratio

1344,13 %

Quick ratio

1344,13 %

Return on assets

-2,53 %

Return on equity.

-2,73 %

Solidity or equity ratio

92,56 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Total operating expenses

946,-

Operating profit or loss

-946,-

Result of ordinary operations

-946,-

Extraordinary income

1,-

Extraordinary result

1,-

Pre-tax and pre-appropriation profit or loss

-946,-

Net profit or loss

-945,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

37.276,-

Total Current assets

37.276,-

Cash in hand and at bank

37.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

37.276,-

Total equity (Shareholders' funds)

35.594,-

Issued (subscribed) capital

37.000,-

Profit or loss for the financial year

-1.406,-

Total liabilities

1.681,-

Total current liabilities

1.681,-

Current accounts payable (trade)

1.196,-

Borrowing ratio

4,72 %

Current ratio

2217,49 %

Quick ratio

2217,49 %

Return on assets

-3,77 %

Return on equity.

-3,95 %

Solidity or equity ratio

95,49 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Total operating expenses

1.406,-

Operating profit or loss

-1.406,-

Result of ordinary operations

-1.406,-

Pre-tax and pre-appropriation profit or loss

-1.406,-

Net profit or loss

-1.406,-

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions