Simplified Joint Stock
Company with Single Associate
Line of Business :
Manufacture ofcommunication equipment
No. of Employees :
Not Available
RATING & COMMENTS
MIRA’s Rating :
Ba
RATING
STATUS
PROPOSED CREDIT LINE
41-55
Ba
Overall operation is considered normal. Capable to meet normal
commitments.
Satisfactory
Status :
Satisfactory
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 30th, 2012
Country Name
Previous Rating
(31.03.2011)
Current Rating
(30.06.2012)
France
A1
A1
Risk Category
ECGC
Classification
Insignificant
A1
Low
A2
Moderate
B1
High
B2
Very High
C1
Restricted
C2
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 10.3% 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.
Source
: CIA
Company name and address
Top of Form
Name
SAGEMCOM BROADBAND SAS
SIRET
518 250 360 00014
Personal comment
company summary
EUR VAT Number
FR75518250360
Activity (APE)
Manufacture
ofcommunication equipment(2630Z)
Legal form
Simplified Joint Stock Company with Single Associate
Phone
01 34 43 02 78
RCS Registration
RCS Nanterre 0 518 250 360
Fax
Share capital
35,703,000 Euros
Address
SAGEMCOM BROADBAND SAS
250 RTE DE L EMPEREUR
92500 RUEIL MALMAISON
No data about previous directors is available for this company
Bottom of Form
FOREIGN EXCHANGE RATES
Currency
Unit
Indian Rupees
US Dollar
1
Rs.54.03
UK Pound
1
Rs.82.43
Euro
1
Rs.70.49
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
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.
