MIRA
INFORM REPORT
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Report Date : |
06.12.2012 |
IDENTIFICATION DETAILS
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Name : |
ALBAFIN |
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Registered Office : |
47, Rue Marcel Dassault, |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Year of Establishment : |
15.03.1991 |
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Com. Reg. No.: |
381256742 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Subject is engaged in other financial intermediation primarily concerned with distributing funds other than by making loans |
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No. of Employees : |
02 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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France |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
France - ECONOMIC OVERVIEW
France was transitioning from an economy that has featured extensive
government ownership and intervention to one that relies more on market
mechanisms but is in the midst of a euro-zone crisis. The government has
partially or fully privatized many large companies, banks, and insurers, and
has ceded stakes in such leading firms as Air France, France Telecom, Renault,
and Thales. It maintains a strong presence in some sectors, particularly power,
public transport, and defense industries. With at least 75 million foreign
tourists per year, France is the most visited country in the world and
maintains the third largest income in the world from tourism. France's leaders
remain committed to a capitalism in which they maintain social equity by means
of laws, tax policies, and social spending that reduce income disparity and the
impact of free markets on public health and welfare. France's real GDP
contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The
unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011.
Lower-than-expected growth and increased unemployment have cut government
revenues and increased borrowing costs, contributing to a deterioration of
France's public finances. The government budget deficit rose sharply from 3.4%
of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011,
while France's public debt rose from 68% of GDP to 86% over the same period.
Under President SARKOZY, Paris implemented austerity measures that eliminated
tax credits and froze most government spending in an effort to bring the budget
deficit under the 3% euro-zone ceiling by 2013 and to highlight France's
commitment to fiscal discipline at a time of intense financial market scrutiny
of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012
presidential election, after advocating pro-growth economic policies, as well
as measures such as forcing banks to separate their traditional deposit taking
and lending activities from more speculative businesses, increasing taxes on
bank profits, introducing a new top bracket on income taxes for people earning
over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil
servants during his five-year term of office.
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Source : CIA |
Company name & address
Albafin
47, Rue Marcel Dassault
Boulogne Billancourt, 92100
France
Synthesis
Employees: 1
Company Type: Private Independent
Incorporation Date:
15-Mar-1991
Financials in: USD
(Millions)
Fiscal Year End: 30-Jun-2011
Reporting Currency: Euro
Annual Sales: 20.5
Total Assets: 2.8
Business Description
Albafin is primarily engaged in other financial intermediation primarily
concerned with distributing funds other than by making loans.
Industry
Industry Miscellaneous Financial Services
ANZSIC 2006: 6240 - Financial
Asset Investing
NACE 2002: 6523 - Other
financial intermediation not elsewhere classified
NAICS 2002: 5259 - Other
Investment Pools and Funds
UK SIC 2003: 6523 - Other
financial intermediation not elsewhere classified
UK SIC 2007: 6499 - Other
financial service activities, except insurance and pension funding, n.e.c.
US SIC 1987: 8742 - Management
Consulting Services
Key Executives
Name Title
Aldo Balzano Partner
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265
Corporate Overview
Location
47, Rue Marcel Dassault
Boulogne Billancourt, 92100
France
Sales EUR(mil): 15.0
Assets EUR(mil): 1.9
Employees: 1
Fiscal Year End: 30-Jun-2011
Industry: Miscellaneous Financial Services
Incorporation Date: 15-Mar-1991
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(FRA): 381256742
Partner: Aldo
Balzano
Contents
Industry Codes
Business Description
Financial Data
Industry Codes
ANZSIC 2006 Codes:
6240 - Financial Asset Investing
NACE 2002 Codes:
6523 - Other financial intermediation not elsewhere classified
NAICS 2002 Codes:
5259 - Other Investment Pools and Funds
US SIC 1987:
8742 - Management Consulting Services
UK SIC 2003:
6523 - Other financial intermediation not elsewhere classified
UK SIC 2007:
6499 - Other financial service activities, except insurance and
pension funding, n.e.c.
Business
Description
Albafin is primarily engaged in other financial intermediation primarily
concerned with distributing funds other than by making loans.
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Executive report
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Executives |
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Partner |
Partner |
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Annual Profit & Loss
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.7347 |
0.721483 |
0.681859 |
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Consolidated |
No |
No |
No |
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Total income |
20.5 |
15.7 |
14.9 |
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Net sales |
20.5 |
15.7 |
14.9 |
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Change in stock |
- |
0.0 |
0.0 |
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Other operating income |
- |
0.0 |
- |
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Other external charges |
0.3 |
0.4 |
0.5 |
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Cost of goods sold |
19.6 |
14.7 |
13.7 |
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Taxes and social security costs |
0.0 |
0.0 |
0.0 |
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Social charges |
0.1 |
0.0 |
0.1 |
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Total payroll costs |
0.2 |
0.1 |
0.2 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Total operating
costs |
20.2 |
15.3 |
14.6 |
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Net operating income |
0.3 |
0.4 |
0.4 |
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Joint venture results |
0.0 |
0.1 |
0.1 |
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Total financial
income |
0.1 |
0.1 |
0.0 |
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Interest payable on loans |
0.1 |
0.1 |
0.1 |
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Other expenses |
0.1 |
0.1 |
0.0 |
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Total expenses |
0.1 |
0.2 |
0.2 |
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Profit before tax |
0.2 |
0.2 |
0.1 |
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Extraordinary income |
0.1 |
- |
0.2 |
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Extraordinary expenses |
0.1 |
0.0 |
0.3 |
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Extraordinary result |
0.0 |
0.0 |
-0.1 |
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Total taxation |
0.1 |
0.0 |
0.0 |
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Net profit |
0.1 |
0.1 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.689727 |
0.816393 |
0.634699 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Profits for the year |
0.1 |
0.1 |
0.0 |
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Profit brought forward from previous
year(s) |
0.0 |
0.0 |
0.0 |
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Total
stockholders equity |
0.3 |
0.2 |
0.2 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Trade creditors |
0.8 |
0.9 |
0.9 |
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Bank loans and overdrafts |
0.9 |
1.2 |
1.9 |
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Current bank debts |
0.9 |
1.2 |
- |
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Other liabilities |
0.6 |
0.4 |
1.1 |
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Debts on fixed assets |
0.0 |
0.0 |
0.0 |
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Taxation and social security |
0.1 |
0.1 |
0.1 |
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Total current liabilities |
2.5 |
2.5 |
4.1 |
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Total debts |
2.5 |
2.5 |
4.1 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
2.8 |
2.8 |
4.3 |
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Other fixed assets |
0.0 |
- |
0.0 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
0.8 |
0.6 |
0.7 |
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Total
non-current assets |
0.8 |
0.6 |
0.7 |
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Prepayments |
- |
- |
0.0 |
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Trade debtors |
1.3 |
1.6 |
2.3 |
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Other receivables |
0.2 |
0.2 |
0.1 |
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Prepaid expenses |
0.0 |
0.0 |
0.4 |
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Cash and liquid assets |
0.6 |
0.4 |
0.8 |
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Total current
assets |
2.0 |
2.3 |
3.6 |
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Prepaid expenses and deferred costs |
- |
- |
0.0 |
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Total assets |
2.8 |
2.8 |
4.3 |
Annual Ratios
Financials in: USD (mil)
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.689727 |
0.816393 |
0.634699 |
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Consolidated |
No |
No |
No |
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Current ratio |
0.80 |
0.90 |
0.90 |
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Quick ratio |
0.80 |
0.90 |
0.90 |
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Total liabilities to net worth |
8.36% |
10.26% |
20.77% |
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Net worth to total assets |
0.11% |
0.09% |
0.05% |
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Collection period |
17.50 |
35.80 |
43.40 |
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Asset turnover |
7.72% |
4.89% |
3.74% |
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Profit margin |
0.01% |
0.01% |
0.01% |
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Return on assets |
0.07% |
0.05% |
0.04% |
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Shareholders' return |
0.66% |
0.62% |
0.81% |
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Sales per employee |
49,309.69 |
37,171.44 |
33,403.78 |
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Profit per employee |
443.38 |
410.79 |
331.07 |
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Average wage per employee |
461.51 |
246.10 |
525.50 |
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Net worth |
0.3 |
0.2 |
0.2 |
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Number of employees |
2 |
2 |
2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.57 |
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UK Pound |
1 |
Rs.87.90 |
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Euro |
1 |
Rs.71.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.