MIRA INFORM REPORT

Report Date :

30.09.2011

IDENTIFICATION DETAILS

Name :	SAS DAL'SYSTEM INDUSTRIE
Registered Office :	Zi De La Prade, Zone Industrielle 33650 Saint Medard D'eyrans
Country :	France
Date of Incorporation :	March 1982
Com. Reg. No.:	323812917
Legal Form :	Simplified joint stock company
Line of Business :	Manufacture of other metal

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	250,000(€)
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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

REGISTERED NAME & COMPANY SUMMARY

Company Details
Company Number	32381291700025
Name	SAS DAL'SYSTEM INDUSTRIE
Telephone	05 56 67 40 40
Fax
Legal form	Simplified joint stock company
RCS Registration	323812917
Share Capital	3,200,000
Incorporation Date	03/1982
Address	ZI DE LA PRADE, ZONE INDUSTRIELLE
Postcode	33650 SAINT MEDARD D'EYRANS
Nationality	France
company details
Company Name	SAS DAL'SYSTEM INDUSTRIE
Company Number	32381291700025
Activity (APE)	Manufacture of other metal
Activity (APRM)
Currency	EURO (€)
Share capital	3,200,000
Registration Court	Bordeaux (33)
Legal form	Simplified joint stock company
Court Registry Number	82 B 00212
EU VAT Number
Incorporation Date	03/1982
Formation Date	01/1982
Deregistration Date
Last account Date	N/A
Nationality	France
Establishment details
Postal Address	ZI DE LA PRADE,ZONE INDUSTRIELLE 33650 SAINT MEDARD D'EYRANS,
Trading Address	ZI DE LA PRADE,ZONE INDUSTRIELLE 33650 SAINT MEDARD D'EYRANS,
Telephone	05 56 67 40 40
Fax
Type	Head office
Status	Economically active
Formation Date	01/1982
Reason for formation	Formation
Closure Date
Reason for closure
Reactivation Date
Production Role
Activity Nature	-
Activity Location	Other
Location Service
Seasonality

CREDIT RECOMENDATION

Current Credit Limit: 250,000(€)

DIRECTORS/MANAGEMENT

Directors Summary
Directorships	1

Directors

Director
Name	M MICOULEAU JEAN-BAPTISTE	Manager position	Président
Date of birth	26/08/1975	Place of birth	TALENCE
Type of manager	Individual	Name at birth of manager

NEGATIVE INFORMATION

Judgements Summary

No judgements against this company.

Judgements

Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

Preferentials Rights

No social security and tax office preferential right to date.

SHARE & SHARE CAPITAL INFORMATION

Share Capital

3,200,000

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group structure for this company.

FINANCIAL INFORMATION

Na

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Accounts Summary (last 3 years)

There is no accounts filed for this company.

Other establishments

Branches

4 branch entities in this company

Company number	32381291700025	Company name	SAS DAL'SYSTEM INDUSTRIE
Type	Head office	Activity (ape)	Fabrication d'autres articles métalliques
Post Code	33650	City	SAINT MEDARD D'EYRANS

Company number	32381291700082	Company name	SAS DAL'SYSTEM INDUSTRIE
Type	Secondary establishment	Activity (ape)	Fabrication d'autres articles métalliques
Post Code	97122	City	BAIE MAHAULT

Company number	32381291700041	Company name	DAL'SYSTEM INDUSTRIE
Type	Secondary establishment	Activity (ape)	Fabrication d'articles métalliques divers
Post Code	67850	City	HERRLISHEIM

Company number	32381291700058	Company name	SAS DAL'SYSTEM INDUSTRIE
Type	Secondary establishment	Activity (ape)	Fabrication d'autres articles métalliques
Post Code	97460	City	SAINT PAUL

Regionality

Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce

Mono-activity status

Legal unit having all establishments with the same main activity

Establishment details

Postal Address

ZI DE LA PRADE,ZONE INDUSTRIELLE
33650 SAINT MEDARD D'EYRANS,

Trading Address

ZI DE LA PRADE,ZONE INDUSTRIELLE
33650 SAINT MEDARD D'EYRANS,

Telephone

05 56 67 40 40

Fax

Type

Head office

Status

Economically active

Formation Date

01/1982

Reason for formation

Formation

Closure Date

Reason for closure

Reactivation Date

Production Role

Activity Nature

-

Activity Location

Other

Location Service

Seasonality

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

Accounts & Ratios

No accounts filed for this company.

history

Status history

No status history for this company.

Recent Publications in Gazettes
Publication Date	Gazette Name	Description
16/01/2008	B	Modification et mutation diverse
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 385 - 323 812 917 RCS Bordeaux. DAL'SYSTEM INDUSTRIE. Forme : Société par actions simplifiée. Enseigne : DAL'ALU - DAL'ALU OCEAN INDIEN. Administration : Commissaire aux comptes suppléant : représenté par CASTET JEAN CLAUDE. Président : MICOULEAU Jean Baptiste modification le 21 Décembre 2007. Commissaire aux comptes titulaire : SP COMMISSARIATS AUX COMPTES en fonction le 02 Septembre 1997. Commentaires : Modification de la forme juridique. Modification de représentant.
16/01/2008	B	Modification et mutation diverse
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 385 - 323 812 917 RCS Bordeaux. DAL'SYSTEM INDUSTRIE. Forme : Société par actions simplifiée. Enseigne : DAL'ALU - DAL'ALU OCEAN INDIEN. Administration : Commissaire aux comptes suppléant : représenté par CASTET JEAN CLAUDE. Président : MICOULEAU Jean Baptiste modification le 21 Décembre 2007. Commissaire aux comptes titulaire : SP COMMISSARIATS AUX COMPTES en fonction le 02 Septembre 1997. Commentaires : Modification de la forme juridique. Modification de représentant.
05/10/2007	B	Modifications et mutations diverses
828 - RCS Bordeaux B 323 812 917. RC 82-B 212. DAL'SYSTEM INDUSTRIE. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : P.-D.G. partant : MICOULEAU (Jean, Pierre). Modification du P.-D.G. : MICOULEAU (Jean, Baptiste).
15/09/2006	B	Modifications et mutations diverses
0603 - RCS Bordeaux B 323 812 917. RC 82-B 212. DAL'SYSTEM INDUSTRIE. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du P.-D.G. : MICOULEAU (Jean, Pierre). Modification d'un administrateur : MICOULEAU (Marie, Françoise, Pierrette).
27/01/2002	B	Modifications et mutations diverses
RCS Bordeaux B 323812917 RC 82-B 212 DAL'SYSTEM INDUSTRIE. Forme : S.A Nom commercial: Dal'alu Dal'alu Océan Indien. Activité : fabrication de gouttières d'un type nouveau et des produits complémentaires servant à l' habillage des maisons, sous-faces, clins, bandeaux et descentes. Commentaires : modification survenue sur la dénomination et l'activité.
03/08/2001	B	Modifications et mutations diverses
RCS Bordeaux B 323812917 RC 82-B 212 DAL'ALU. Forme : S.A. Capital : 3 200 000 euros Nom commercial: Dal'Alu Dal'Alu Océan Indien. Commentaires : modification survenue sur le capital (augmentation).
28/01/2001	B	Modifications et mutations diverses
RCS Bordeaux B 323812917 RC 82-B 212 DAL'ALU. Forme : S.A Nom commercial: Dal' alu Dal'alu Océan Indien. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration : MICOULEAU (Marie, Françoise, Pierrette). Modification d' un administrateur : MICOULEAU (Jean, Pierre).
29/01/1999	B	Modifications et mutations diverses
RCS *. RCS Bordeaux B 323 812 917 RC RC 82-B 212 DAL'ALU. Forme : S.A Nom commercial: Dal'Alu - Dal'Alu Océan Indien. Commentaires : modification survenue sur le nom commercial.
20/09/1997	B	Modifications et mutations diverses
RCS Bordeaux B 323 812 917 RC 82-B 212 DAL'ALU. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : COMPAGNIE FIDUCIAIRE. Nomination du commissaire aux comptes titulaire : S.P. COMMISSARIATS AUX COMPTES.
08/09/1996	B	Modifications et mutations diverses
RCS Bordeaux B 323 812 917 RC 82-B 212 DAL'ALU. Forme : S.A. Capital : 20 400 000 F. Commentaires : modification survenue sur le capital.
24/05/1996	B	Modifications et mutations diverses
RCS Bordeaux B 323 812 917 RC 82-B 212 DAL'ALU. Forme : S.A. Administration : P.-D. G. : MICOULEAU (Jean, Pierre). Administrateurs : MICOULEAU (Marie, Françoise, Pierrette) MICOULEAU (Jean, François) MICOULEAU (Jean, Baptiste). Commissaire aux comptes titulaire : COMPAGNIE FIDUCIAIRE. Commissaire aux comptes suppléant : CASTETS (Jean, Claude). Commentaires : modification survenue sur l'administration.

Company events history
Date	Description
25/10/2010	Collection of preferential rights activated for this company
16/01/2008	New Bodacc B ads detected
16/01/2008	Bodacc B: Various editing or changing
21/12/2007	New legal form – no new category
21/12/2007	Audit or Management Report
21/12/2007	Minutes of general meeting of shareholders
21/12/2007	Appointment/resignation of company officers
21/12/2007	Private document
21/12/2007	Updated articles of association
12/12/2007	Update of Company Name
12/12/2007	Update of Company Legal Form
12/12/2007	Modification to Company Identifier
04/09/2007	Private document
04/09/2007	Changes to the Board of Directors
04/09/2007	New chairman (CEO, CoB)
04/09/2007	Appointment/resignation of company officers
04/09/2007	Minutes of Board meeting
30/06/2007	Modification to Establishment Address or Identifier
05/09/2006	Minutes of Board meeting
05/09/2006	Changes to the Board of Directors
Establishment events history
Date	Description
25/09/2010	Update Rating
25/08/2010	Update Limit
26/07/2010	Update Limit
30/12/2009	Update Rating
05/06/2009	Update Rating
31/12/2008	Update Rating
30/12/2008	Update Rating
21/12/2007	Update Rating
10/12/2007	Update Limit
08/12/2007	Update Limit
25/01/2007	Update Limit
25/01/2007	Update Rating
20/01/2007	Update Limit
20/01/2007	Update Rating

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.92
UK Pound	1	Rs.76.52
Euro	1	Rs.66.64

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%)

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

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