MIRA INFORM REPORT

Report Date :

02.07.2011

IDENTIFICATION DETAILS

Name :	ACEBI
Registered Office :	Rte D'anetz, 44150 Saint Herblon
Country :	France
Financials (as on) :	31.07.2010
Date of Incorporation :	June 1978
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of lifting and handling

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	Euro 160,000
Status :	Good
Payment Behaviour :	No Complaints
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^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Summary

company details

Company Number

31322605200030

Name

ACEBI

Activity(APE)

Manufacture of lifting and handling

Share capital

320,000

Registration Court

Nantes (44)

Legal form

Simplified joint stock company

Court Registry Number

19 7 8B002

Incorporation Date

06/1978

Formation Date

01/1978

Deregistration Date

Last account Date

31/07/2010

Nationality

France

Establishment details

Postal Address

RTE D'ANETZ,
44150 SAINT HERBLON,

Trading Address

RTE D'ANETZ,
44150 SAINT HERBLON,

Telephone

02 40 98 00 06

Fax

02 40 98 00 89

Type

Head office

Status

Economically active

Formation Date

01/1978

Reason for formation

Other

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

-

Activity Location

Other

Location surface

Seasonality

Department

Loire-Atlantique(44)

Region

Pays de La Loire

District

4

Area

02

City

SAINT HERBLON

Size of urban area

Establishment in a rural municipality

Other establishments

Branches

2 branch entities in this company

Company number	31322605200030	Company name	ACEBI
Type	Head office	Activityape	Fabrication de matériel de levage et de manutention
Post Code	44150	City	SAINT HERBLON

Company number	31322605200055	Company name	ACEBI
Type	Secondary establishment	Activityape	Fabrication de matériel de levage et de manutention
Post Code	13002	City	MARSEILLE 2

Company number	31322605200048	Company name	ACEBI
Type	Secondary establishment	Activityape	Fabrication de matériel de levage et de manutention
Post Code	13014	City	MARSEILLE 14

Regionality

Legal unit with multiple establishments in many areas having at least 80% of workforce in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

Rating and Limit

Credit Information

Today's Credit Limit

160,000

Synthesized Accounts

Period
Annual Return	31/07/2010	31/07/2009	31/07/2008
Account period (month)	12	12	12
Account Type	Normal Account	Normal Account	Normal Account
Currency	Euro	Euro	Euro
Active account
Capital not called
Total fixed assets	593,743	589,518	662,048
- Intangible assets	392,140	392,200	487,382
- Tangible assets	181,774	178,541	165,119
- Financial assets	19,829	18,777	9,547
Net current assets	3,305,288	2,996,188	2,366,772
- Stocks	1,638,547	1,446,591	782,356
- Advanced payments	NaN	NaN	NaN
- Receivables	1,278,290	1,357,023	1,103,883
- Securities and cash	387,510	187,775	477,990
- Prepaid expenses
Account regularization
Total Assets	3,899,035	3,585,706	3,028,822
Passive Account
Shareholder equity	510,630	484,784	419,218
- of which share capital	320,000	320,000	320,000
Other capital resources
Provisions for risks & charges
Liabilities	3,388,404	3,100,923	2,609,602
- Financial liabilities	1,143,525	570,179	626,707
- Advanced payments received	925,097	1,213,888	726,945
- Trade account payables	961,993	968,090	916,363
- Tax and social liabilities	342,889	315,266	335,227
- Other debts and fixed assets liabilities	57
Account of regularization	14,843	33,500	4,360
Total liabilities	3,899,035	3,585,707	3,028,822
Profit & Loss
Operating income	5,996,428	5,396,736	5,536,107
Net turnover	5,687,286	4,809,537	5,510,089
- of which net export turnover
Operating charges	5,905,420	5,329,592	5,432,755
Operating profit/loss	91,008	67,144	103,352
Financial income	9,619	8,013	7,416
Financial charges	16,453	14,720	22,483
Financial profit/loss	-6,834	-6,707	-15,067
Pretax net operating income	84,174	60,437	88,285
Extraordinary income		31,879	3,795
Extraordinary charges	10,311	2,391	3,539
Extraordinary profit/loss	-10,311	29,488	256
Net profit/loss	90,849	65,566	63,917

Event history

Status history

Date	Description

Company events history

Date	Description
29/04/2011	Bodacc B: Various editing or changing
18/04/2011	Amendment
18/04/2011	New auditor
15/03/2011	Bodacc C : Deposit accounts notice
31/12/2010	Closure of Establishment
31/07/2010	New accounts available
06/04/2010	Bodacc C : Deposit accounts notice
31/07/2009	New accounts available
29/04/2009	Collection of preferential rights activated for this company
07/04/2009	Bodacc C : Deposit accounts notice
31/07/2008	New accounts available
13/03/2008	Bodacc C : Deposit accounts notice
31/07/2007	New accounts available
31/07/2006	New accounts available
31/07/2005	New accounts available
31/07/2004	New accounts available
31/07/2003	New accounts available
24/01/2003	Changement de Commissaire aux Comptes
24/01/2003	PV d'Assemblée
24/01/2003	Nomination/démission des organes de gestion

Establishment events history

Date	Description
19/03/2011	Update Rating
01/03/2010	Update Limit
30/12/2009	Update Rating
29/05/2009	Update of phone numbers
03/04/2009	Update Limit
03/04/2009	Update Rating
05/03/2008	Update Rating
05/03/2008	Update Limit
16/12/2007	Update Limit
10/12/2007	Update Limit
14/06/2007	Update Limit
14/06/2007	Update Rating
20/05/2007	Update Rating
11/04/2007	Update Limit

Directors

Name	M MOREAU JEAN-PIERRE	Manager position	Président
Date of birth	02/02/1949	Place of birth	87 ST LEONARD DE NOBLAT
Type of manager	Individual	Name at birth of manager

Judgements / CCJs

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.58
UK Pound	1	Rs.71.75
Euro	1	Rs.64.80

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	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
--	NB	New Business	--

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.