MIRA INFORM REPORT

Report Date :

24.09.2012

IDENTIFICATION DETAILS

Name :	KASTELL NEGOCE
Registered Office :	Chez Abc Liv 26 Rue Damremont 75018 Paris 18

Country :	France

Financials (as on) :	31.12.2010

Date of Incorporation :	December 2009

Com. Reg. No.:	RCS Paris 0 518 981 204

Legal Form :	Simplified Joint Stock Company with Single Associate

Line of Business :	Wholesale (intercompany trade) unskilled

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

France

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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.

Source : CIA

Company Name

KASTELL NEGOCE

SIRET 518 981 204 00010

company summary


Activity (APE)	Wholesale (intercompany trade) unskilled (4690Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone		RCS Registration	RCS Paris 0 518 981 204
Fax		Share capital	5,000 Euros
Address	KASTELL NEGOCE CHEZ ABC LIV 26 RUE DAMREMONT 75018 PARIS 18	Incorporated Date	12/2009
Nationality	France	Status	Economically active

Last published preferential right

This company is not under monitoring

Current Directors

	Trading to Date	12/31/2010
	Turnover	2,062,399 €
	Gross Operating Surplus	9,60 % Turnover
	Net worth	139,097 €
	Employees	0 employee

No trends info for the company

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)
RCS Registration	RCS Paris 0 518 981 204	Share capital	5,000 Euros
Registration Court	Paris (75)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 0 9B239	EU VAT Number	FR19518981204
Incorporation Date	12/2009	Formation Date	12/2009
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) non spécialisé (4690Z)	Business Pages FT®
Postal Address	KASTELL NEGOCE CHEZ ABC LIV 26 RUE DAMREMONT 75018 PARIS 18	Trading Address	26 RUE DAMREMONT 75018 PARIS 18
Telephone
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	12/2009	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	Import, export	Activity Location	On customer site
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	PARIS 18	Size of urban area

Other establishments

	Branches	1 branch entities in this company


	Head office	> KASTELL NEGOCE <<< - Commerce de gros (commerce interentreprises) non spécialisé (4690Z) in PARIS 18 (75018)

	Secondary establishments

	Regionality

	Mono-activity status

Workforces

Workforce at address

0 employee

Company workforce

0 employee

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010
Account period (month)	12
Account Type	Simple
Deposit date	28/12/2011
Activity Code	4690Z
Employees	0	-	-

Active account

Annual Accounts	31/12/2010	Sector Median 2010
Capital not called	-	0	-
Total fixed assets	8 921	6 313	41,3%
- Intangible assets	0	0	0%
- Tangible assets	5 921	1 949	203,8%
- Financial assets	3 000	73	4009,6%
Net current assets	428 251	106 328	302,8%
- Stocks	115 307	8 468	1261,7%
- Advanced payments	0	0	0%
- Receivables	16 232	37 265	-56,4%
- Securities and cash	248 386	16 838	1375,2%
- Prepaid expenses	48 326	0	0%
Accounts of regularization	-	0	-
Total Assets	437 172	130 221	235,7%

Passive Account

Annual Accounts	31/12/2010	Sector Median 2010
Shareholders' equity	139 097	30 406	357,5%
Share capital	5 000	8 000	-37,5%
Other capital resources	-	0	-
Risk Provisions	0	0	0%
Liabilities	298 074	87 122	242,1%
- Financial liabilities	0	7 829	0%
- Advanced payments received	0	0	0%
- Trade account payables	131 165	23 023	469,7%
- Tax and social liabilities	-	18 031,50	-
- Other debts and fixed assets liabilities	166 909	3 717	4390,4%
Account regularization	-	0	-
Total liabilities	437 171	130 180	235,8%

Results

Annual Accounts	31/12/2010	Sector Median 2010
Sales of Goods	2 062 402	205 782	902,2%
Net turnover	2 062 399	202 396	919,0%
- of which net export turnover	1 938 880	0	0%
Operating charges	1 864 453	197 763	842,8%
Operating profit/loss	197 949	5 510	3492,5%
Financial income	56 845	0	0%
Financial charges	64 201	299	21371,9%
Financial profit/loss	-7 356	-57	-12805,3%
Pretax net operating income	190 593	4 901	3788,9%
Extraordinary income	73	0	0%
Extraordinary charges	0	41	0%
Extraordinary profit/loss	73	0	0%
Net result	134 097	5 001	2581,4%

Display parameter
Currency	Euro	Kilo Euro

	Simple Account		31/12/2010
	Months		12

Accounts - Active
Current Assets

Grand Total - Active account (I + II)

		31/12/2010
Grand Total (I + II)	Net	437 171
Gross	110	437 243
Amortisation	112	72

Active fixed asset (I)

		31/12/2010
Total Active fixed asset (I)	Net	8 921
Gross	044	8 993
Amortisation	048	72
Intangible assets: Goodwill	Net	0
Gross	10	0
Amortisation	12	0
Other intangible fixed assets	Net	0
Gross	14	0
Amortisation	16	0
Tangible Assets	Net	5 921
Gross	28	5 993
Amortisation	30	72
Immobilization Financial	Net	3 000
Gross	40	3 000
Accumulated depreciation	42	0

Assets (II)

		31/12/2010
Total assets (II)	Net	428 251
Gross	96	428 251
Amortisation	98	0
Raw materials stock, supply, in production	Net	0
Gross	50	0
Amortisation	52	0
Goods for resale	Net	115 307
Gross	60	115 307
Amortisation	62	0
Advance payments to suppliers	Net	0
Gross	64	0
Amortisation	66	0
Trade accounts receivable debtor	Net	0
Gross	68	0
Amortisation	70	0
Other debtors	Net	16 232
Gross	72	16 232
Amortisation	74	0
Investment securities	Net	0
Gross	80	0
Amortisation	82	0
Cash and cash equivalents	Net	248 386
Gross	84	248 386
Amortisation	86	0
Cash	88 Net	0
Prepaid expenses	Net	48 326
Gross	92	48 326
Amortisation	94	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive

Grand Total - Passive Accounts (I + II + III)

			31/12/2010
	Grand Total (I+II+III)	180	437 171

Shareholder Equity (I)

		31/12/2010
Total Shareholder Equity	142	139 097
Equity and shareholders' equity	120	5 000
Revaluation differentials	124	0
Legal reserve	126	0
Special regulated reserves	130	0
Other reserves	132	0
Profits or losses brought forward	134	0
Profit or loss for the period	136	134 097
Special tax-allowable reserves	140	0

Provisions for risks and charges (II)

			31/12/2010
Provisions for risks and charges (II)		154	0

Liabilities (III)

		31/12/2010
Total Liabilities (III)	176	298 074
Loans & debts assimilated	156	0
Advance payments received for current orders	164	0
Trade accounts payables	166	131 165
Other debts	172	166 909
Other creditors whose accounts of associates of the exercise N	169	0
Deferred income	174	0

References

		31/12/2010
Including Fiancial assets of -1 year	193	0
Including debts after one year	197	0
Including current accounts receivable associated	199	0
Including debts + 1 year	195	0
Cost of return of capital assets acquired or created during the year	182	8 993
Selling price excluding VAT capital surrendered during the year	184	0

Display parameter
Currency	Euro	Kilo Euro

Simplified Income statement
Taxable income

A - Account result
1 - Operating result (I-II)

			31/12/2010
	Operating result	270	197 949

2 - Profit or loss (I + II + IV) - Charges (II + V + VI + VII)

			31/12/2010
	Profit or loss	310	134 097

Operating income (I)

		31/12/2010
Total operating income without VAT (Total I)	232	2 062 402
Sale of goods for resale	210	2 062 399
Export	209	1 938 880
Sale of goods produced	214	0
Export	215	0
Sale of services	218	0
Export	217	0
Stocked production	222	0
Self-constructed assets	224	0
Operating grants	226	0
Other income	230	03

Operating charges (II)

		31/12/2010
Total operating charges (Total II)	264	1 864 453
Purchase of goods for resale (including customs duties)	234	1 938 912
Change in stocks of goods for resale	236	-115 307
Purchase of raw materials (including customs duties)	238	4 028
Change in stocks of raw materials	240	0
Other external purchases and charges	242	34 249
Includes lease - furniture	242_2	0
Includes lease - real estate	242_1	0
Tax, duty and similar payments	244	486
Including business tax	243	66
Payroll	250	1 662
Social security costs	252	351
Depreciation	254	72
Provisions	256	0
Other charges	262	0
Including provisions for tax settlements abroad	259	0

Products and various charges (III to VII)

		31/12/2010
Financial Products (Total III)	280	56 845
Extraordinary income (Total IV)	290	73
Financial charges (Total V)	294	64 201
Extraordinary charges (Total VI)	300	0
Income taxes (Total VII)	306	56 565

B - Taxable income

		31/12/2010
Compensation and benefits non-deductible personal	316	0
Amount VAT collected	374	0
Deductible VAT on goods and services	378	0
Average number of employees	376	0

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Capital gains, losses | Summary of Provisions - Depreciation Derogatory

Assets

		31/12/2010
Gross asset value at beginning of year	490	0
Increases	492	8 993
Decreasess	494	0

Intangible fixed assets

		31/12/2010
Goodwill (Increases)	402	0
Goodwill (Decreases)	404	0
Others (Increases)	412	0
Others (Decreases)	414	0

Tangilble fixed assets (Increases)

		31/12/2010
Lands	422	0
Buildings	432	0
Plant machinery and equipment industry	442	4 560
General installations various fixtures	452	674
Transportation Equipment	462	0
Other fixed assets	472	759

Financial assets

		31/12/2010
Increases	482	3 000
Decreases	484	0

Capital gains, losses

		31/12/2010
Total Residual Value	582	0
Total Transfer pricing	584	0
Total Plus or losses in the short term	596	0
Total Plus or losses in the long term	598	0

Summary of Provisions - Depreciation Derogatory

		31/12/2010
Total Provisions (increases)	682	0
Provisions regulated - Depreciation Derogatory	602	0
Provisions regulated - Including exceptional increases of 30%	603	0
Other Provisions regulated	612	0
Provisions for risks and charges	622	0
Provisions for losses - On Capital	632	0
Provisions for losses - and current stocks	642	0
Provisions for losses - clients and accounts payable	652	0
Other Provisions for losses	662	0
Total Provisions (decreases)	684	0
Provisions regulated - Depreciation Derogatory	604	0
Provisions regulated - Including exceptional increases of 30%	605	0
Other Provisions regulated	614
Provisions for risks and charges	624	0
Provisions for losses - On Capital	634	0
Provisions for losses - and current stocks	644	0
Provisions for losses - clients and accounts payable	654	0
Other Provisions for losses	664	0

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

	31/12/2010	Sector Median 2010
Fixed Asset Financing	15,48	2,98	419,5%
Global Debt	52 days	129 days	-59,7%
Working Capital Fund overall net	23 days	55 days	-58,2%
Financial independence	%	239,20%	-

Solvability	31,82%	26,70%	19,2%
Capacity debt futures	%	687,30%	-
Coverage of current assets by net working capital overall	34,26%	37,13%	-7,7%
General Liquidity	0,05	0,59	-91,5%
Restricted Liquidity	0,89	1,03	-13,6%

Management or rotation

	31/12/2010	Sector Median 2010
Need background in operating working capital	-29 days	13 days	-323,1%
Treasury	0 days	6 days	0%
Inventory turnover of goods	23 days	45 days	-48,9%
Average length of credit granted to customers	0 days	46 days	0%
Average length of credit obtained suppliers	25 days	53 days	-52,8%

Inventory turnover of raw materials in industrial enterprises	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	1746,50 days	-
Rotation tangible assets	34413,47%	2103,47%	1536,0%

Profitability of the business

	31/12/2010	Sector Median 2010
Margin trading	11,58%	23,41%	-50,5%
Profitability of the business	9,60	3,65%	163,0%
Net profit	6,50%	2,08%	212,5%

Growth rate of turnover (excluding VAT)	%	3,55%	-
Rates integration	9,72%	17,51%	-44,5%
Rate leasing furniture	0%	0%	0%
Work Factor	1%	52,18%	-98,1%
Weight interests	3,11	0,15%	1973,3%

Return on capital

	31/12/2010	Sector Median 2010
Cash flow from the overall profitability	6,51%	3,21%	102,8%
Rates of economic profitability	142,36%	18%	690,9%
Financial profitability	96,41%	6120,50%	-98,4%
Return on investment	142,56%	13,86%	928,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010					Sector Median 2010
Turnover	2 062 399					202 396 €	919,0%

Sales of goods	2 062 399
- Purchase of goods	1 938 912
+/- Stock of goods variation	-115 307
Trading margin	238 794 €	37 496 €	536,9%
	11,58 % CA	25,81 % CA	-55,1%

Sale of goods produced	0
+/- Stocked production	0
+ Self-constructed assets	0
Period production	0 €	8 115 €	0%
	% CA	5,93 % CA	-

Trading margin	238 794	37 496	536,9%
+ Period Production	0	8 115	0%
- Purchase of raw materials	4 028
+/- Change in stocks of raw materiels	0
- Other external purchases and charges	34 249
Added value	200 517 €	41 218 €	386,5%
	9,72 % CA	17,51 % CA	-44,5%

Added value	200 517 €	41 218 €	386,5%
+ Operating grants	0
- Tax, duty and similar payments	486
- Personal charges	2 013
Gross operating surplus	198 018 €	7 601 €	2505,2%
	9,60 % CA	3,65 % CA	163,0%

Gross operating surplus	198 018 €	7 601 €	2505,2%
+ Release of reserves and provisions	-
+ Other operating income	03
- Depreciation/Amortisation	72
- Other charges	0
Operating result	197 949 €	5 510 €	3492,5%
	9,60 % CA	2,63 % CA	265,0%

Operating result	197 949 €	5 510 €	3492,5%
+/- Result of joint-venture transferred from/to other partners	-
+ Financial income	56 845
- Financial charges	64 201
Pre-tax result	190 593 €	4 896 €	3792,8%
	9,24 % CA	2,32 % CA	298,3%

Extraordinary income	73	0	0%
- Extraordinary charges	0
Extraordinary result	73 €	0 €	0%
	0,00 % CA	0 % CA	0%

Pre-tax result	190 593 €	4 896 €	3792,8%
Extraordinary result	73 €	0 €	0%
- Employee profit sharing	-
- Tax on profits	56 565
Net result	134 101 €	4 985 €	2590,1%
	6,50 % CA	2,08 % CA	212,5%

judgements

Collective procedures

No judgment information for the company

Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
01/12/2009	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
30/12/2011	Bodacc C	Comptes annuels et rapports

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9808 - 518981204 RCS. KASTELL NEGOCE. Forme : Société par actions simplifiée. Adresse : 26 rue Damrémont 75018 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
25/04/2010	Bodacc B	Modification et mutation diverse

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1082 - 518 981 204 RCS Paris. KASTELL NEGOCE. Forme : Société par actions simplifiée. Capital : 5000 EUR. Activité : Import-Export achat, revente en gros demi-gros, négoce, diffusion de tous produits non soumis à réglementation. Adresse du siège social : 26 rue Damrémont, 75018 Paris. Commentaires : modification survenue sur le capital (augmentation) et la forme juridique.
12/03/2010	JAL	Modification of the share capital

AFFICHES PARISIENNES ET DEPARTEMENTALES Date de décision : 08/02/2010 La société : 518981204 - KASTELL NEGOCE, 26 RUE DAMREMONT, CHEZ ABC LIV, 75018 PARIS 18 a subi une augmentation de son capital social désormais de 5 000 €
17/01/2010	Bodacc A	Création d'établissement

75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1478 - 518 981 204 RCS Paris. KASTELL NEGOCE. Forme : Société par actions simplifiée à associé unique. Enseigne : KASTELL NEGOCE. Administration : Président : Collet, Marie-Louise. Capital : 500 EUR. Adresse : 26 rue Damrémont, 75018 Paris. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : Import-Export achat, revente en gros demi-gros, négoce, diffusion de tous produits. Adresse : 26 rue Damrémont, 75018 Paris. A dater du : 28/12/2009. Date de commencement de l’activité : 01/12/2009. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
30/12/2011	Bodacc C : Deposit accounts notice
30/12/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
25/04/2010	Bodacc B: Various editing or changing
07/04/2010	Capital increase
07/04/2010	Updated articles of association
28/02/2010	Other modification of Establishment
08/02/2010	Legal Gazette: Modification of the share capital
17/01/2010	Bodacc A : Establishment creation
28/12/2009	Amendment
28/12/2009	Articles of association
28/12/2009	Fund deposit certificate
28/12/2009	New chairman (CEO, CoB)
01/12/2009	Formation of Company

Establishment events history

Date	Description
30/12/2011	Update Rating
30/12/2011	Update Limit
01/12/2009	Formation of Head office

directors

Name	Mme. COLLET MARIE-LOUISE
Manager position	Président	Date of birth	17/12/1943
Place of birth	GUINGAMP (22200)
Type	Individual	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position

Title and name

Date of Birth/Place of Birth

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.90
UK Pound	1	Rs.87.60
Euro	1	Rs.70.01

INFORMATION DETAILS

Report Prepared by :

PRL

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