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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
MISRACHI INT SCE CONCEPT MISC |
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Registered Office : |
Les Docks Atrium 10 6 Bp 13543, 10 Pl De La Joliette, Bp 13543 Marseille 2, 13567 Marseille Cedex 02 |
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Country : |
France |
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Date of Incorporation : |
Dec 2011 |
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Legal Form : |
Simplified Joint Stock Company with Single Associate |
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Line of Business : |
Wholesale (intercompany trade)
Non-specialized food (4639B) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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France |
A1 |
A1 |
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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 |
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.
Source
: CIA
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company
summary |
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Current Directors |
1 |
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directors |
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Previous Directors |
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judgements |
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N/a
N/a
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Group
data |
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This company
is not identified as one of the biggest french chip. |
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Linkages |
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This company
is not identified as one of the biggest french chip. |
N/a
N/a
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Last published preferential
right |
This company is not under
monitoring |
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Company details |
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Activity (APE) |
Commerce de gros (commerce interentreprises) alimentaire
non spécialisé (4639B) Wholesale (intercompany
trade) Non-specialized food (4639B) |
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RCS Registration |
RCS Marseille 1 538 651 241 |
Share capital |
25,000 Euros |
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Registration Court |
Marseille (13) |
Legal form |
Simplified Joint Stock Company
with Single Associate |
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Court Registry Number |
20 1 1B043 |
EU VAT Number |
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Incorporation Date |
12/2011 |
Formation Date |
09/2011 |
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Deregistration Date |
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Last account Date |
N/A |
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Nationality |
France |
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Establishment details |
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Activity (APE) |
Commerce de gros (commerce
interentreprises) alimentaire non spécialisé (4639B) |
Business Pages FT® |
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Postal Address |
MISRACHI INT SCE CONCEPT MISC |
Trading Address |
10 PLACE DE LA JOLIETTE |
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Telephone |
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Fax |
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Type |
Head office (one site company) |
Status |
Economically active |
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Formation Date |
09/2011 |
Reason for formation |
Formation |
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Closure Date |
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Reason for closure |
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Reactivation Date |
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Production Role |
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Activity Nature |
- |
Activity Location |
N/R |
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Location surface |
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Seasonality |
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Department |
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Region |
Côte d'Azur |
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District |
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Area |
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City |
MARSEILLE 2 |
Size of urban area |
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Other establishments |
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Branches |
1 branch entities in this company |
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Head office |
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Secondary establishments |
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Regionality |
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Mono-activity status |
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Workforces |
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Workforce at address |
0 employee |
Company workforce |
0 employee |
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event
history |
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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.97 |
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1 |
Rs.89.02 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.