MIRA INFORM REPORT

 

 

Report Date :           

23.01.2012

 

IDENTIFICATION DETAILS

 

Name :

TRADEX

 

 

Registered Office :

11 Rue De L Avalasse, 76000 Rouen

 

 

Country :

France

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

September 1982

 

 

Com. Reg. No.:

RCS Rouen B 325 291 433

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Wholesale business of other intermediate products

 

 

No. of Employees :

05

 

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 :

200,000 €

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

France

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

TRADEX

Activity (APE)

Commerce de gros (commerce interentreprises) d'autres produits intermédiaires (4676Z)

 

Wholesale business of other intermediate products

 

Legal form

Simplified joint stock company

 

Phone

02 35 70 18 19

RCS Registration

RCS Rouen B 325 291 433

 

Fax

02 35 07 13 23

Share capital

101,000 Euros

 

Address

TRADEX
11 RUE DE L AVALASSE
76000 ROUEN

Incorporated Date

09/1982

 

Nationality

France

Status

Economically active

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 200,000 €

 

DIRECTORS/MANAGEMENT

 

Current Directors

2

 

NEGATIVE INFORMATION

 

Last published preferential right

No social security and tax office preferential right to date

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

FINANCIAL INFORMATION

 

 

Trading to Date

12/31/2010

12/31/2009

12/31/2008

 

Turnover

8,026,389 €

6,459,439 €

7,023,523 €

 

Gross Operating Surplus

3,46 % Turnover

4,69 % Turnover

5,54 % Turnover

 

Net worth

973,405 €

1,028,598 €

949,052 €

 

 

Employees

3 to 5 employees

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

 

Trends

 

 

Profitability

 

Liquidity

 

Net worth

 

 

NOTES & COMMENTS

 

Na

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.33

UK Pound

1

Rs.77.97

Euro

1

Rs.65.07

 

 

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.