MIRA
INFORM REPORT
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Report Date : |
11.11.2012 |
IDENTIFICATION DETAILS
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Name : |
SOUFFLET ALIMENTAIRE SAS |
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Registered Office : |
41 Rue Du Petit Bruxelles, Valenciennes, 59300 |
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Country : |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
15.01.1956 |
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Com. Reg. No.: |
568801260 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Import and processing and packaging of rice and pulses for all industrial, ethnic, retail and catering markets |
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No. of Employees : |
198 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
Soufflet Alimentaire SAS
41 rue du Petit Bruxelles
Valenciennes, 59300
France
Tel: +33 03 27 20 09 09
Fax: +33 03 27 47 00 98
Synthesis
Employees: 198
Company Type: Private Subsidiary
Corporate Family: 35
Companies
Ultimate Parent: Etablissements
J. Soufflet SA
Incorporation Date:
15-Jan-1956
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2011
Reporting Currency: Euro
Annual Sales: 188.8
Total Assets: 129.4
Business Description
Import and processing and packaging of rice and pulses for all
industrial, ethnic, retail and catering markets
Industry
Industry Food Processing
ANZSIC 2006: 1161 - Grain Mill
Product Manufacturing
NACE 2002: 1561 - Manufacture
of grain mill products
NAICS 2002: 311211 - Flour
Milling
UK SIC 2003: 15611 - Grain
milling
UK SIC 2007: 10611 - Grain
milling
US SIC 1987: 2041 - Flour and
Other Grain Mill Products
Key Executives
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Name |
Title |
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Theirry Lievin |
President |
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Laurence Kaczmarek |
Director |
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Andre Lemaire |
Director |
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Francois Vail |
Director |
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Christophe Bal |
Purchase manager |
Registered No.(FRA): 568801260
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
41 rue du Petit Bruxelles
Valenciennes, 59300
France
Tel: +33 03 27 20 09 09
Fax: +33 03 27 47 00 98
Sales EUR(mil): 138.7
Assets EUR(mil): 89.3
Employees: 198
Fiscal Year End: 30-Jun-2011
Industry: Food
Processing
Incorporation Date: 15-Jan-1956
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(FRA): 568801260
President : Theirry
Lievin
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1161 - Grain Mill Product Manufacturing
NACE 2002 Codes:
1561 - Manufacture of grain mill products
NAICS 2002 Codes:
311211 - Flour Milling
US SIC 1987:
2041 - Flour and Other Grain Mill Products
UK SIC 2003:
15611 - Grain milling
UK SIC 2007:
10611 - Grain milling
Business
Description
Import and processing and packaging of rice and pulses for all
industrial, ethnic, retail and catering markets
More Business
Descriptions
Raw Materials Importer
Soufflet Alimentaire is primarily engaged in grain milling; and
manufacture of breakfast cereals and cereals-based
foods.
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