MIRA
INFORM REPORT
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Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SOLYVAL SAS |
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Registered Office : |
Solyval, Solyval Sas, 4 Rue De
Saint Paul, 97420 Le Port |
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Country : |
France |
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Date of Incorporation : |
June 2002 |
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Legal Form : |
Simplified joint stock company |
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Line of Business : |
Recovery of sorted waste |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
France - ECONOMIC OVERVIEW
The French economy is diversified across all
sectors. The government has partially or fully privatized many large companies,
including Air France, France Telecom, Renault, and Thales. However, the
government maintains a strong presence in some sectors, particularly power,
public transport, and defense industries. With at least 79 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, before
stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 9.9%
in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012
in metropolitan France. Lower-than-expected growth and high unemployment costs
have strained France's public finances. The budget deficit rose sharply from
3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in
2012, while France's public debt rose from 68% of GDP to 89% over the same
period. Under President SARKOZY, Paris implemented some austerity measures 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. Socialist Party candidate Francois HOLLANDE won the
May 2012 presidential election, after advocating pro-growth economic policies,
the separation of banks' traditional deposit taking and lending activities from
more speculative businesses, increasing the top corporate and personal tax
rates, and hiring an additional 60,000 teachers during his five-year term. The
government's attempt to introduce a 75% wealth tax on income over one million
euros for two years was struck down by the French Constitutional Council in
December 2012 because it applied to individuals rather than households. France
ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's
government has maintained France's commitment to meeting the budget deficit
target of 3% of GDP during 2013 even amid signs that economic growth will be
lower than the government's forecast of 0.8%. Despite stagnant growth and
fiscal challenges, France's borrowing costs declined during the second half of
2012 to euro-era lows
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Source : CIA |
REGISTERED NAME & COMPANY SUMMARY
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company
summary |
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DIRECTORS/MANAGEMENT
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Current Directors |
1 |
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directors |
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Previous Directors |
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NEGATIVE INFORMATION
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judgements |
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SHARE & SHARE CAPITAL
INFORMATION
N/a
PAYMENT INFORMATION
N/a
GROUP STRUCTURE & AFFILIATED
COMPANIES
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Linkages |
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FINANCIAL INFORMATION
N/a
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
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Company details |
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Activity (APE) |
Récupération de déchets triés (3832Z) |
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RCS Registration |
RCS St-Denis de la Reunion B 441 544 236 |
Share capital |
125,000 Euros |
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Registration Court |
St-Denis de la Reunion (97) |
Legal form |
Simplified joint stock company |
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Court Registry Number |
02 B 00470 |
EUR VAT Number |
FR41441544236 |
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Incorporation Date |
06/2002 |
Formation Date |
04/2002 |
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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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Trade name |
SOLYVAL SAS |
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Activity (APE) |
Récupération de déchets triés (3832Z) (Recovery of sorted waste) |
Business Pages FT® |
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Postal Address |
SOLYVAL |
Trading Address |
4 RUE DE SAINT PAUL |
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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 |
04/2002 |
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 |
Manufacture, production |
Activity Location |
Plant |
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Location surface |
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Seasonality |
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Department |
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Region |
Réunion |
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District |
44 |
Area |
491 |
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City |
LE PORT |
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 |
Legal unit with all establishments in same area |
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Mono-activity status |
Legal unit having all establishments with the same main
activity |
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Workforces |
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Workforce at address |
10 to 19 employees |
Company workforce |
10 to 19 employees |
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event
history |
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NOTES & COMMENTS
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.54.32 |
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1 |
Rs.83.17 |
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Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
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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.