MIRA
INFORM REPORT
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Report Date : |
09.01.2013 |
IDENTIFICATION DETAILS
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Name : |
WORLD FOOD TRADING AND SOURCING WFTS |
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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 : |
September, 2009 |
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Com. Reg. No.: |
RCS Marseille 1 538 651 241 |
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Legal Form : |
Simplified joint stock company |
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Line of Business : |
Wholesale (intercompany trade) Non-specialized food |
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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 – 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
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.
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Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
Company
Summary
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Acronym |
WFTS |
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EUR VAT Number |
FR83538651241 |
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Activity (APE) |
Wholesale (intercompany trade) Non-specialized food (4639B) |
Legal form |
Simplified joint stock company |
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Phone |
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RCS Registration |
RCS Marseille 1 538 651 241 |
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Fax |
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Share capital |
300,000 Euros |
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Address |
WORLD FOOD TRADING AND SOURCING |
Incorporated Date |
12/2011 |
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Nationality |
France |
Status |
Economically active |
Company details
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Activity (APE) |
Wholesale (intercompany trade) Non-specialized food (4639B) |
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RCS Registration |
RCS Marseille 1 538 651 241 |
Share capital |
300,000 Euros |
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Registration Court |
Marseille (13) |
Legal form |
Simplified joint stock company |
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Court Registry Number |
20 1 1B043 |
EUR VAT Number |
FR83538651241 |
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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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Acronym |
WFTS |
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Activity (APE) |
Wholesale (intercompany trade) Non-specialized food (4639B) |
Business Pages FT® |
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Postal Address |
WORLD FOOD TRADING AND SOURCING |
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 |
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 |
0 employee |
Company workforce |
0 employee |
DIRECTORS/MANAGEMENT
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
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Share capital |
300,000 Euros |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
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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. |
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
This company is not under monitoring
Commentary
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The company is less than 9 years old |
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The latest figures are too old |
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The company has a share capital of 300 000
€, which is excellent |
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The company has an activity with no specific
increased risk |
Preferential rights details and history
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Status of collection |
This company is not under monitoring |
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event
history |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.33 |
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UK Pound |
1 |
Rs.89.05 |
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Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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 |
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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.