|
Report Date : |
14.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACCESSOIRES DE CONSTRUCTION - A.D.C. |
|
|
|
|
Registered Office : |
Rue Jacques Robert 95500 Le Thillay |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.01.2008 |
|
|
|
|
Com. Reg. No.: |
50204810100013 |
|
|
|
|
Legal Form : |
Simplified joint stock company |
|
|
|
|
Line of Business : |
Wholesale (intercompany trade) of wood and construction materials |
|
|
|
|
No. of Employees : |
16 |
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 ACCESSOIRES DE
CONSTRUCTION - A.D.C.
Company Registration Number 50204810100013
Country FR
Activity Code 4673A
Activity
Description Wholesale (intercompany
trade) of wood and construction
materials
Company Status Economically
active
Latest Turnover 9,383,879.00 (EUR)
Latest Shareholders Equity 914,357.00 (EUR)
Profit Before Tax 412,834.00 (EUR)
Activities
Activity
Description Wholesale (intercompany
trade) of wood and construction
materials
Basic Information
Company Name ACCESSOIRES DE
CONSTRUCTION - A.D.C.
Registered Company Name ACCESSOIRES DE CONSTRUCTION
- A.D.C.
Company Registration Number 50204810100013
Country FR
VAT Registration Number FR95502048101
Date of Company Registration 01/01/2008
Date of Starting Operations 01/01/2008
Commercial Court Legal Form Simplified joint
stock company
Type of Ownership Company Status Economically
active
Principal Activity Code 4673A
Principal Activity
Description Wholesale (intercompany
trade) of wood and construction
materials
Contact Address RUE JACQUES ROBERT
95500 LE THILLAY
Contact Telephone
Number 0139331860
Address RUE JACQUES ROBERT
95500 LE THILLAY
Country FR
Telephone 01 39 33 18 60
Other Addresses
Address RUE JACQUES ROBERT
95500 LE THILLAY
Country FR
Address LE THILLAY, 95500
Country FR
Name M LEFEBVRE DAMIEN
MARIE MICHEL
Gender Male
Date of Birth 09/03/1970
Position President
Name M JEAN NICOLAS
ANTOINE GUY
Gender Male
Date of Birth 27/11/1963
Position Managing director
Nominal Share Capital 600,000.00 (EUR)
Year 2011
Number of Employees 16
Year 2010
Number of Employees 0
Year 2009
Number of
Employees 13
Profit & Loss
Financial Year
2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 9,391,592.00 7,567,586.00 5,766,837.00
Operating Costs 8,898,796.00 7,368,622.00 5,682,221.00
Operating Profit 492,796.00 198,964.00 84,616.00
Wages & Salaries 689,250.00 621,023.00 602,129.00
Pension Costs 303,029.00 272,254.00 258,560.00
Depreciation 17,204.00 13,683.00
20,889.00
Financial Income 12,987.00 4,673.00
505.00
Financial Expenses 92,949.00 32,860.00
40,760.00
Extraordinary Income 0.00 0.00 0.00
Extraordinary Costs 0.00 0.00 0.00
Profit Before Tax 412,834.00 170,777.00 44,361.00
Tax 144,628.00 61,479.00
19,473.00
Profit After Tax 268,206.00 109,298.00 24,888.00
Dividends 0.00 0.00 0.00
Retained Profit 268,206.00 109,298.00 24,888.00
Balance Sheet
Financial Year
2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 0.00 0.00 0.00
Plant & Machinery 7,051.00 12,488.00
11,411.00
Other Tangible
Assets 22,822.00 22,652.00
18,850.00
Total Tangible Assets 29,873.00 35,140.00
30,261.00
Goodwill 0.00 0.00 0.00
Other Intangible
Assets 6,221.00 9,613.00
13,007.00
Total Intangible
Assets 6,221.00 9,613.00
13,007.00
Investments 0.00 0.00 0.00
Loans to Group 0.00 0.00 0.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed Assets 38,814.00 37,998.00
39,619.00
Total Other Fixed Assets 38,814.00 37,998.00
39,619.00
Total Fixed Assets 74,908.00 82,751.00
82,887.00
Raw Materials
0.00 0.00 0.00
Work in Progress
0.00 0.00 0.00
Finished Goods 0.00 0.00 0.00
Other Inventories 1,633,729.00 1,196,603.00 1,116,115.00
Total Inventories
1,633,729.00 1,196,603.00 1,116,115.00
Trade Receivables
2,071,075.00 1,911,860.00 1,428,305.00
Miscellaneous Receivables 152,738.00 35,536.00
26,780.00
Total Receivables 2,223,813.00 1,947,396.00 1,455,085.00
Cash 399,542.00 388,970.00 260,136.00
Other Current Assets
29,073.00 11,420.00
8,474.00
Total Current Assets 4,286,157.00 3,544,389.00 2,839,810.00
Total Assets 4,361,065.00 3,627,140.00 2,922,697.00
|
Trade Payables |
1,437,006.00 |
2,067,731.00 |
1,474,676.00 |
|
Bank Liabilities |
119,266.00 |
0.00 |
0.00 |
|
Other Loans/Finance |
552,489.00 |
608,920.00 |
626,485.00 |
|
Miscellaneous Liabilities |
1,331,231.00 |
214,338.00 |
194,685.00 |
|
Total Current
Liabilities |
3,439,992.00 |
2,890,989.00 |
2,295,846.00 |
|
Bank Liabilities due after 1 year |
0.00 |
0.00 |
0.00 |
|
Other Loans/Finance due after 1 year |
0.00 |
0.00 |
0.00 |
|
Miscellaneous Liabilities due after 1 year |
6,716.00 |
0.00 |
0.00 |
|
Total Long Term Liabilities |
6,716.00 |
0.00 |
0.00 |
|
Total Liabilities |
3,446,708.00 |
2,890,989.00 |
2,295,846.00 |
|
Called
Up Share Capital |
600,000.00 |
600,000.00 |
600,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue
Reserves |
307,548.00 |
134,807.00 |
26,752.00 |
|
Other Reserves |
6,809.00 |
1,344.00 |
100.00 |
|
Total Shareholders Equity |
914,357.00 |
736,151.00 |
626,852.00 |
|
Other Financials |
|
|
|
|
Working
Capital |
846,165.00 |
653,400.00 |
543,964.00 |
|
Net Worth |
908,136.00 |
726,538.00 |
613,845.00 |
|
Ratios |
|
|
|
|
Return
on Capital Employed |
0.99 |
0.43 |
0.71 |
|
Stock Turnover Ratio |
17.41 |
15.81 |
19.36 |
|
Debtor
Days |
81.00 |
91.00 |
90.00 |
|
Creditor Days |
66.00 |
116.00 |
111.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.43 |
|
|
1 |
Rs.95.76 |
|
Euro |
1 |
Rs.81.76 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.