MIRA
INFORM REPORT
|
Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SA FATTON OVERSEAS |
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Registered Office : |
Rte Departementale 20, Les Lavandins Areropole A 13127 vitrolles |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
04/1996 |
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Com. Reg. No.: |
RCS Salon B 404743189 |
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|
Legal Form : |
Public Limited Company With Board of Directors |
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Line of Business : |
Organization for International Carriage |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
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|
Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
|
|
Company Number |
40474318900023 |
|
Name |
SA FATTON OVERSEAS |
|
Telephone |
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|
Fax |
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|
Legal form |
Public limited company with board of directors |
|
RCS Registration |
RCS Salon B 404743189 |
|
Share Capital |
127,500 |
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Incorporation Date |
04/1996 |
|
Address |
RTE DEPARTEMENTALE 20, LES LAVANDINS AREROPOLE A |
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Postcode |
13127 VITROLLES |
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Nationality |
France |
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JUDGEMENTS
SUMMARY |
|
No judgements against this company. |
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DIRECTORS
SUMMARY |
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Directorships |
3 |
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ACCOUNTS SUMMARY
(LAST 3 YEARS) |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Turnover |
3,590,881 |
2,173,043 |
1,408,687 |
|
Networth |
68,819 |
-88,382 |
-162,856 |
|
Number of Employees |
3 to 5 employees |
- |
- |
Company
Information
|
COMPANY DETAILS |
|
|
Company Name |
SA FATTON OVERSEAS |
|
Company Number |
40474318900023 |
|
Activity (APE) |
Organisation des transports internationaux |
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Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
127,500 |
|
Registration Court |
Salon (13) |
|
Legal form |
Public limited company with board of directors |
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Court Registry Number |
96 B 00188 |
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EU VAT Number |
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Incorporation Date |
04/1996 |
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Formation Date |
04/1996 |
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Deregistration Date |
28/12/2007 |
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Last account Date |
31/12/2005 |
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Nationality |
France |
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ESTABLISHMENT
DETAILS |
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|
Postal Address |
RTE DEPARTEMENTALE 20,LES LAVANDINS
AREROPOLE A |
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Trading Address |
RTE DEPARTEMENTALE 20,LES LAVANDINS
AREROPOLE A |
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Telephone |
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Fax |
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Type |
Head office (one site company) |
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Status |
Deleted |
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Formation Date |
04/1996 |
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Reason for formation |
Formation |
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Closure Date |
21/11/2007 |
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Reason for closure |
No information |
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Reactivation Date |
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Production Role |
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Activity Nature |
- |
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Activity Location |
Other |
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Location Service |
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Seasonality |
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OTHER
ESTABLISHMENTS |
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Branches |
1 branch entities in this company |
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Regionality |
Near mono-regional company: with multiple branches, having branches in
several regions, but at least 80% of workforce in only one region |
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Mono-activity status |
Legal unit of which all establishments have the same main activity |
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WORKFORCES |
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Workforce at address |
3 to 5 employees |
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Company workforce |
3 to 5 employees |
Accounts
& Ratios
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PROFIT &
LOSS |
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Account Date |
31/12/2006 |
% |
31/12/2005 |
% |
31/12/2004 |
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Account period (month) |
12 |
- |
12 |
- |
12 |
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Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
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Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
2,475,138 |
-31.1% |
3,590,881 |
65.2% |
2,173,043 |
|
Exports |
1,048,855 |
-28.8% |
1,472,552 |
12.7% |
1,306,706 |
|
Operating Charges |
2,448,192 |
-28.7% |
3,435,301 |
64.7% |
2,086,123 |
|
Operating Profit |
38,194 |
-75.9% |
158,688 |
52.6% |
103,959 |
|
Financial Income |
27 |
-95.9% |
657 |
51.4% |
434 |
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Financial Charges |
6,418 |
-74.3% |
24,930 |
25.7% |
19,840 |
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Pre-Tax Profit |
31,803 |
-76.3% |
134,415 |
59.0% |
84,554 |
|
Extraordinary Income |
6,551 |
-76.5% |
27,896 |
145.5% |
11,363 |
|
Extraordinary Charges |
750 |
264.1% |
206 |
-99.0% |
19,868 |
|
Net Profit |
21,658 |
-86.2% |
157,201 |
111.1% |
74,474 |
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BALANCE SHEET |
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Account Date |
31/12/2006 |
% |
31/12/2005 |
% |
31/12/2004 |
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Assets |
|||||
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- Tangible assets |
4,515 |
-36.4% |
7,100 |
91.7% |
3,703 |
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Intangible assets |
77,749 |
0.0% |
77,749 |
0.0% |
77,749 |
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Financial assets |
2,164 |
0.0% |
2,164 |
0.0% |
2,164 |
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Total fixed assets |
84,428 |
-3.0% |
87,012 |
4.1% |
83,616 |
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Stocks |
0 |
- |
0 |
- |
0 |
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Receivables |
1,139,546 |
-8.2% |
1,241,727 |
-13.6% |
1,437,720 |
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- Trade Receivables |
1,103,145 |
-18.1% |
1,346,750 |
47.0% |
916,184 |
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- Misc. Receivables |
36,401 |
- |
-105,023 |
- |
521,536 |
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Cash |
29,368 |
- |
0 |
-100.0% |
13,080 |
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Misc. Current Assets |
|
- |
|
- |
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Total Current Assets |
1,168,914 |
-5.9% |
1,241,727 |
-14.4% |
1,450,800 |
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Liabilities |
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Trade Accounts Payable |
975,121 |
-28.8% |
1,369,748 |
31.1% |
1,044,899 |
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Bank Loans and Liabilities |
13,975 |
- |
0 |
-100.0% |
22,113 |
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Sundry Loan and Liabilities |
142,186 |
- |
142,186 |
- |
142,186 |
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Advanced Payments Received |
0 |
- |
0 |
- |
0 |
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Tax and Social Liabilities |
106,935 |
9.5% |
97,699 |
34.0% |
72,922 |
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Miscellaneous Liabilities |
30,939 |
- |
3,015 |
- |
3,064 |
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Provisions for Risks & Charges |
0 |
- |
0 |
-100.0% |
27,896 |
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Other Capital Resources |
0 |
- |
0 |
- |
0 |
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Share Capital |
127,500 |
0.0% |
127,500 |
0.0% |
127,500 |
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Revaluation Reserve |
0 |
- |
0 |
- |
0 |
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Other Reserves |
-37,023 |
- |
-58,681 |
- |
-215,882 |
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Total Shareholders Funds |
90,477 |
31.5% |
68,819 |
177.9% |
-88,382 |
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|
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Total Assets |
1,253,342 |
-5.7% |
1,328,739 |
-13.4% |
1,534,415 |
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Net Worth |
12,728 |
- |
-8,930 |
- |
-166,131 |
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RATIOS |
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Account Date |
31/12/2006 |
% |
31/12/2005 |
% |
31/12/2004 |
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Structure |
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Protection |
5.18% |
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-5.76% |
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-14.52% |
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Net Gearing |
11.75% |
|
9.27% |
|
14.65% |
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Repayment Power |
108.53% |
|
192.54% |
|
683.52% |
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Capital Requirement |
12.00 day |
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0 |
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-22.00 day |
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Working Capital Requirement |
14.00 day |
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-2.00 day |
|
-16.00 day |
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Net Cash |
-1.00 day |
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2.00 day |
|
-6.00 day |
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Performance |
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Return on Invested Capital |
186.00% |
|
121.00% |
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-32.00% |
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Return on Equity |
228.43% |
|
-84.26% |
|
-5.37% |
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Gross Profit |
9.21% Turnover |
|
10.98% Turnover |
|
6.26% Turnover |
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Growth v's Year Ago Qtr |
1,417,838€ |
|
764,356€ |
|
1,408,687€ |
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Inventory Returns |
0 |
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0 |
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0 |
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Receivables Days |
112.00 day |
|
226.00 day |
|
241.00 day |
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Payable Days |
108.00 day |
|
255.00 day |
|
285.00 day |
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SIG |
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Profit |
0 |
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0 |
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0 |
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Gross Profit |
9.21% Turnover |
|
10.98% Turnover |
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6.26% Turnover |
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Wage and Salary distribution / Gross Profit |
49.53% Turnover |
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55.84% Turnover |
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126.82% Turnover |
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Gross Operating Surplus |
4.50% Turnover |
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4.65% Turnover |
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-1.86% Turnover |
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Pre-tax Income |
3.74% Turnover |
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3.89% Turnover |
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-2.38% Turnover |
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Net Profit/Loss |
4.38% |
|
3.43% |
|
0.62% |
Judgements
Collective Procedures
|
Courts |
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There are no Judgements filed against this company. |
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Rncs |
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There are no Judgements filed against this company. |
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Bodacc |
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There are no Judgements filed against this company. |
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Preferentials Rights |
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No social security and tax office preferential right to date. |
Group
Structure
No group structure for this company.
Event
history
|
Status history |
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|
Date |
Description |
|
17/01/2008 |
Deleted |
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21/11/2007 |
Closed |
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RECENT
PUBLICATIONS IN GAZETTES |
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Publication Date |
Gazette Name |
Description |
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28/02/2008 |
Bodacc B |
Radiation |
|
13
- BOUCHES-DU-RHONE |
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COMPANY EVENTS
HISTORY |
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Date |
Description |
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28/02/2008 |
New Bodacc B ads detected |
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28/12/2007 |
Private document |
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28/12/2007 |
Minutes of general meeting of shareholders |
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28/12/2007 |
Declaration of conformity |
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28/12/2007 |
Amendment |
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21/11/2007 |
Legal suspension of Company |
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21/09/2007 |
Private document |
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21/09/2007 |
Audit or Management Report |
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19/07/2007 |
Planned merger |
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19/07/2007 |
Private document |
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31/12/2006 |
New accounts available |
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25/07/2006 |
Reconstitution of net assets |
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25/07/2006 |
Private document |
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25/07/2006 |
Minutes of general meeting of shareholders |
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31/12/2005 |
New accounts available |
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31/12/2004 |
New accounts available |
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31/12/2003 |
New accounts available |
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30/12/2002 |
Statuts mis à jour |
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30/12/2002 |
PV d'Assemblée |
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30/12/2002 |
Changement de dénomination sociale |
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ESTABLISHMENT
EVENTS HISTORY |
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|
Date |
Description |
|
03/01/2008 |
Update Rating |
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03/01/2008 |
Update Limit |
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16/12/2007 |
Update Limit |
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10/12/2007 |
Update Limit |
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21/11/2007 |
Closure of Head office |
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28/08/2007 |
Update Limit |
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28/08/2007 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M FATTON PIERRE |
Manager position |
Administrateur |
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Date of birth |
07/26/1936 |
Place of birth |
LYON 04 |
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Type of manager |
Individual |
Name at birth of
manager |
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Director |
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Name |
M FATTON GUILLAUME |
Manager position |
Président Directeur Général |
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Date of birth |
08/20/1965 |
Place of birth |
LYON 04 |
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Type of manager |
Individual |
Name at birth of
manager |
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|
Director |
|||
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Name |
M FATTON SYLVAIN |
Manager position |
Administrateur |
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Date of birth |
01/05/1964 |
Place of birth |
LYON 04 |
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Type of manager |
Individual |
Name at birth of
manager |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
UK Pound |
1 |
Rs.80.26 |
|
Euro |
1 |
Rs.63.08 |
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 |
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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%)