MIRA INFORM REPORT

 

 

Report Date :

22.12.2012

 

IDENTIFICATION DETAILS

 

Name :

GROUPEMENT DACHAT SEBASTIANO

 

 

Registered Office :

91 Rue Frebault , 97110 Pointe A Pitre, France

 

 

Country :

Guadeloupe

 

 

Date of Incorporation :

19.06.1995

 

 

Legal Form :

Societe A Responsabilite Limitee (SARL)

 

 

Line of Business :

Wholesale and retail of apparel and shoes

 

 

No. of Employees :

10-15 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Guadeloupe

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

GEOPOLITICS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: French Overseas Territory


Economic Risk: Normal

Currency: EUR

Branch Situation: Medium

 

 

IDENTIFICATION

 

Legal Name:

GROUPEMENT DACHAT SEBASTIANO

Trade Name:

GAS / SEBASTIANO

Legal Address

91 Rue Frebault

97110 POINTE A PITRE

France

Operative Address

91 Rue Frebault

97110 POINTE A PITRE

France

Telephone:

+590-590824800

SIRET :

401 476 205

Fax:

+590-590824800

Legal Form:

Societe A Responsabilite Limitee (SARL)

Email:

NA

Registered in:

France

Website:

http://www.sebastiano.fr

Date Created:

1995

Manager:

M. Jean-Jacques KARAM  

Date Incorporated:

19-06-1995

Staff:

10-15

Stock:

NA

 

 

Value:

142 500 EUR

Activity:

Apparel wholesaler and retailer

 

 

BANKS

 

Name of the Bank

BRED

 

 

BUSINESS

 

HISTORY

 

The company was founded in 1995 by Mr Jean-Jacques Karam.

PRINCIPAL ACTIVITY

 

Wholesale and retail of apparel and shoes.

 

The company is in charge of buying stocks to sell to all of Sebastiano's shops in Guadeloupe, Martinique and Guyane.

 

The company also owns a retail shop.

 

Sebastiano's brand actually represents 10 shops in french overseas territories.

 

Products/Services description:

 

men and women apparel:

 

pants

shorts

shirt

dress

shoes

socks

t-shirt

jacket

vest

sweater

coat

skirt

blouse

jeans

gloves

purse

 

Sales are:

 

Wholesale, Retail

Brands:

 

SEBASTIANO

Operations area:

 

Local

The company imports from France mainly

The company does not export

The subject employs 10-15 employee(s)

 

PAYMENTS

 

regular

LOCATION

Headquarters

 

91 Rue Frebault 97110 Pointe A Pitre

FRANCE

Branches:

 

We found 2 branches:

 

 

- retail shop: Centre Commercial des Abymes - 97139 LES ABYMES

 

- Wholesale: Bd Marquisat de Houelbourg - 97122 BAIE MAHAULT

 

 

Shareholders

Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Capital:

 

142 500 EUR

Shareholders Parent Company(ies):

 

The main shareholder is Mr. Jean Jacques KARAM

Management:

 

Mr. Jean Jacques KARAM is the manager of the company

 

 

Financials

COMMERCIAL TRENDS AND FORECAST

In spite of being a private company, the subject publishes its 2009 financial statements.

 

Currency

DATE

EUR

2099

Turnover

2 659 900

Operating Income

133 000

Net Income

119 200

Current Assets

1 834 400

Fixed Assets

384 900

Net worth

1 154 000

Liabilities

1 075 500

 

 

Legal Filings

 The sources consulted record no detrimental legal or labor court information.

 

 

Rating

 

Local credit bureau gave a normal credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

The company is well based on the local market

Large experience of the owner and founder

There is no negative background

Financial structure is correct and payments are regulars

 


 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

MEDIUM

Public

NO

Indebtedness

NA

Payments

REGULAR

Cash

NORMAL

 

 

 


APPENDIX

 

Person Interviewed

 

We could not contact the company, as the phone rings for some time and then it get lost

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.07

UK Pound

1

Rs.89.54

Euro

1

Rs.72.77

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.