MIRA INFORM REPORT

 

 

Report Date :

09.03.2012

 

IDENTIFICATION DETAILS

 

Name :

P.M.C. AGENCE TEXTILE SARL

 

 

Registered Office :

96, Ave Victor Hugo 1750

 

 

Country :

Luxembourg

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

04.03.1999

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and retail trade in textiles, exclusively as a commercial agency

 

 

No. of Employees :

2

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 5.000,00

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Luxembourg

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Bovenkant formulier

 

Company name and address

 

P.M.C. Agence Textile Sarl

Company identification

P.M.C. Agence Textile Sarl

96, Ave Victor Hugo

1750 Luxembourg

Luxembourg

Phone

+352 2286551

Fax

+352 228650

E-Mail

 

Internet

 

 

 

 

 

 

 

 

Company status

active

County Court

Luxembourg B 68.914

Fiscal number

1999/2402/671

VAT N°

 

Payment behaviour and Credit Opinion

Payment behaviour

Prompt, as far as known.

 

Credit opinion

Credits are not denied. Business connections appear permissible.

 

Credit limit in EUR

5.000,00

 

 

Structural data

Legal form

Limited Liability Company

 

Foundation

04.03.1999 as Sociιtι ΰ responsabilitι limitιe

Company age: 13 years

 

Trade register

RC Luxembourg, B 68.914

 

Capital indiciation

Capital

12.394,68 EUR

 

 

Shareholders and Capital

 

Name / Address / Status

Participating since

Share

Shareholder

 

Valerie Dubois, born 16.05.1965

1127 Luxembourg, 10, Square Edouard Andrι

31.12.2010

100,00 %

share capital

12.395 EUR

 

Management and power of representation

 

Name / Address / Status

Participating since

Power of representation

Manager

 

technical management

Paul-Marc Lιon Chahmerian, born 05.12.1947, Kaufmann

1750 Luxembourg, 96, Ave Victor Hugo

04.03.1999

sole power of representation

 

commercial management

Valerie Dubois, born 16.05.1965

1127 Luxembourg, 10, Square Edouard Andrι

04.03.1999

sole power of representation

 

Business activity

Registered business objective

Wholesale and retail trade in textiles, exclusively as a commercial agency

 

Classification of the industrial sectors, NACELUX 1.1

NACELUX 1.1

Description

Ranking

51.410

Wholesale of textiles

1

52.410

Retail sale of textiles

2

Business figures

Staff and Annual Sales

 

Fiscal year

Staff

2011

2010

2009

Total

2

2

2

 

 

Fiscal year

Kind of annual sales

2011

2010

2009

Annual sales

400.000 EUR

400.000 EUR

400.000 EUR

 

estimated

 

Real Estate

Business premises are rented per month.

 

Verification of information on real estate property not possible for lack of insight into land register files.

 

Company balance sheet

Balance sheet

Type of account:

Annual report

 

Legal system

HGB

HGB

Reporting period

01.01.2009 - 31.12.2009

01.01.2008 - 31.12.2008

Assets

in EUR

in EUR

Balance sheet total

224.078,67

162.920,85

Tangible assets

6.122,33

2.642,06

Accounts receivable

80.954,76

45.491,68

Other assets

102.950,49

114.785,99

Cheque, cash in hand and in banks

34.051,09

1,12

Liabilities

in EUR

in EUR

Balance sheet total

224.078,67

162.920,85

Subscribed capital, credit balance, capital accounts

12.394,68

12.394,68

Loss carried forward

-5.359,43

-15.494,54

Net profit

30.253,67

10.135,11

Other provisions

6.052,50

3.097,50

Liabilities towards credit institutes

98.353,63

94.570,61

Accounts payable

68.477,81

45.416,65

Other liabilities

13.905,81

12.800,84

 

Addition to balance sheet as at 31.12.2009

Total of Liabilities

a more up-to-data balance sheet has so far not been filed with the Companies Register

Jahresgewinn 2008 EUR 10.135,11

 

Balance sheet ratios

 

 

Reporting period

01.01.2009 - 31.12.2009

01.01.2008 - 31.12.2008

Financial position

 

 

Equity ratio (%)

16,64

4,32

Debt equity ratio

5,01

22,16

Net asset position

 

 

Liquid assets ratio (%)

15,20

0,00

Asset tangibility (%)

2,73

1,62

Liquidity position

 

 

Success rate (%)

11,11

-3,29

Cash ratio, extended (%)

18,23

0,00

 

Additional information

    -

Bankers

Name of the bank
Town

Sort code
SWIFT

BGL BNP Paribas
1855 LUXEMBOURG


BGLLLULL

Payment information and assessment of business connections

Payment behaviour and Credit Opinion

Payment behaviour

Prompt, as far as known.

 

Credit opinion

Credits are not denied. Business connections appear permissible.

 

Credit limit in EUR

5.000,00

 

 

 

Economical development

Company developement

positive company development

 

 

Negative facts

There are no negative facts.

Onderkant formulier

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.57

UK Pound

1

Rs.79.57

Euro

1

Rs.66.49

 

 

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.