MIRA
INFORM REPORT
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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
THES BLUE BIRD |
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Registered Office : |
Monsieur Michel Finkoff, 39 B Av Dauphine, 45100 Orleans |
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Country : |
France |
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Date of Incorporation : |
October 1981 |
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Com. Reg. No.: |
RCS Orleans 8
322 945 056 |
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Legal Form : |
Personal
business- commercial |
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Line of Business : |
Wholesaler of coffee, tea, cocoa and spices |
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No. of Employees : |
1 or 2 employees |
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 : |
No Complaints |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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France |
A2 |
A2 |
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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
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.
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Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
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company summary |
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Company details |
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Activity (APE) |
Commerce de gros
(commerce interentreprises) de café, thé, cacao et épices (4637Z) |
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RCS Registration |
RCS Orleans 8 322 945 056 |
Share capital |
- |
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Registration Court |
Orleans (45) |
Legal form |
Personal business-
commercial |
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Court Registry Number |
19 8 1A005 |
EUR VAT Number |
FR53322945056 |
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Incorporation Date |
11/1981 |
Formation Date |
10/1981 |
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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 |
THES BLUE BIRD |
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Activity (APE) |
Commerce de gros (commerce interentreprises) de
café, thé, cacao et épices (4637Z) |
Business Pages FT® |
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Postal Address |
MONSIEUR MICHEL FINKOFF |
Trading Address |
39 B AVENUE DAUPHINE |
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Telephone |
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Fax |
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Type |
Head office |
Status |
Economically active |
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Formation Date |
10/1981 |
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 |
Other |
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Location surface |
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Seasonality |
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Department |
Loiret (45) |
Region |
Centre |
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District |
2 |
Area |
99 |
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City |
ORLEANS |
Size of urban area |
Urban unit with 200 000 to 1 999 999 inhabitants |
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Other
establishments |
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Branches |
2 branch entities in this company |
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Head office |
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Secondary
establishments |
> FINKOFF
MICHEL - Commerce de gros (commerce interentreprises) de café,
thé, cacao et épices (4637Z) in ORLEANS (45000) |
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Regionality |
Legal unit with
multiple establishments in many areas having at least 80% of workforce 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 |
1 or 2 employees |
Company workforce |
1 or 2 employees |
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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GROUP STRUCTURE & AFFILIATED
COMPANIES
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Linkages |
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ADDITIONAL INFORMATION
Social security, pension funds preferential rights | Tax office preferential rights
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.58.93 |
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UK Pound |
1 |
Rs.91.81 |
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Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.