|
Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
S.A.M. GIORGIO |
|
|
|
|
Registered Office : |
13 Rue Des Fontaines Du Temple 75003 Paris 3 |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
01.06.1990 |
|
|
|
|
Com. Reg. No.: |
37819054000088 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of leather clothes |
|
|
|
|
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 : |
Regular |
|
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 4.8% of GDP in 2012, while France's
public debt rose from 68% of GDP to 90% 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 S.A.M.
GIORGIO
Company Registration 37819054000088
Country FR
Activity Code 1411Z
Activity Description Manufacture of leather clothes
Company Status Economically
active
Latest Turnover 9,615,835.00
(EUR)
Latest Shareholders Equity 5,268,998.00
(EUR)
Activities
Activity Code 1411Z
Activity Description Manufacture
of leather clothes
Company Name S.A.M.
GIORGIO
Registered Company Name SAM
Company Registration Number 37819054000088
Country FR
VAT Registration Number FR74378190540
Date of Company Registration 01/06/1990
Date of Starting Operations 01/05/1990
Commercial Court Legal Form Limited
Liability Company
Type of Ownership Company Status Economically active
Principal Activity Code 1411Z
Principal Activity Description Manufacture
of leather clothes
Contact Address 13 RUE
DES FONTAINES DU
TEMPLE
75003 PARIS 3
Address 13 RUE
DES FONTAINES DU TEMPLE 75003 PARIS 3
Country FR
Other Addresses
Address 13 RUE
DES FONTAINES DU TEMPLE 75003 PARIS 3
Country FR
Address PARIS
3, 75003
Country FR
Address PARIS
3, 75003
Country FR
Address PARIS
3, 75003
Country FR
Address LE
CHESNAY, 78150
Country FR
Address PARIS
3, 75003
Country FR
Address PARIS
3, 75003
Country FR
Address PARIS
3, 75003
Country
FR
Address
PARIS 2, 75002
Country FR
Name M ROSA
MARIO
Gender Male
Date of Birth 28/02/1968
Position President
Previous Directors Managers
Name M
MARIO ROSA
Gender Male
Date of Birth 28/02/1968
Position President
Nominal Share Capital 50,000.00
(EUR)
Profit & Loss
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 9,774,530.00 9,513,349.00 8,836,791.00
Operating Costs 8,429,688.00 8,294,426.00 8,196,960.00
Operating Profit 1,344,842.00 1,218,923.00 639,831.00
Wages & Salaries 472,940.00 843,705.00 605,952.00
Pension Costs 105,688.00 281,899.00 193,990.00
Depreciation 53,922.00 53,849.00
34,832.00
Financial Income 83,339.00 98,679.00
179,066.00
Financial Expenses
157,650.00 124,168.00 90,498.00
Extraordinary Income 59,870.00 55,041.00
23,335.00
Extraordinary Costs 899.00 81,196.00
16,994.00
Profit Before Tax 1,329,503.00 1,167,277.00 734,741.00
Tax 265,599.00 398,239.00 250,600.00
Profit After Tax 1,063,904.00 769,038.00 484,141.00
Dividends 0.00 0.00 0.00
Retained Profit 1,063,904.00 769,038.00 484,141.00
Balance Sheet
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 0.00 0.00 0.00
Plant & Machinery 7,940.00 0.00 0.00
Other Tangible
Assets 164,237.00 182,294.00 255,856.00
Total Tangible Assets 172,177.00 182,294.00 255,856.00
Goodwill 225,000.00 225,000.00 225,000.00
Other Intangible
Assets 4,450.00 3,808.00
2,607.00
Total Intangible Assets 229,450.00 228,808.00 227,607.00
Investments 0.00 0.00 0.00
Loans to Group 0.00 0.00 0.00
Other Loans 0.00 285.00
285.00
Miscellaneous Fixed
Assets 53,477.00 55,822.00
77,394.00
Total Other Fixed Assets 53,477.00 56,107.00
77,679.00
Total Fixed Assets 455,104.00 467,209.00 561,142.00
Raw Materials
96,469.00 152,339.00 176,803.00
Work in Progress
1,694,128.00 0.00 0.00
|
Finished Goods |
0.00 |
1,851,008.00 |
1,270,195.00 |
|
Other Inventories |
0.00 |
0.00 |
0.00 |
|
Total Inventories |
1,790,597.00 |
2,003,347.00 |
1,446,998.00 |
|
Trade Receivables |
74,619.00 |
2,443,231.00 |
2,936,722.00 |
|
Miscellaneous Receivables |
300,000.00 |
268,267.00 |
78,817.00 |
|
Total Receivables |
674,619.00 |
2,711,498.00 |
3,015,539.00 |
|
Cash |
74,261.00 |
759,021.00 |
755,544.00 |
|
Other Current Assets |
4,523,829.00 |
743,076.00 |
383,769.00 |
|
Total Current Assets |
6,763,306.00 |
6,216,942.00 |
5,601,850.00 |
|
Total Assets |
7,218,410.00 |
6,684,151.00 |
6,162,992.00 |
|
Trade Payables |
917,850.00 |
656,770.00 |
1,166,688.00 |
|
Bank Liabilities |
96,217.00 |
141,800.00 |
215,241.00 |
|
Other Loans/Finance |
231,821.00 |
396,701.00 |
281,580.00 |
|
Miscellaneous Liabilities |
703,524.00 |
1,133,786.00 |
894,863.00 |
|
Total Current Liabilities |
1,949,412.00 |
2,329,057.00 |
2,558,372.00 |
|
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 |
0.00 |
150,000.00 |
168,564.00 |
|
Total Long Term Liabilities |
0.00 |
150,000.00 |
168,564.00 |
|
Total Liabilities |
1,949,412.00 |
2,479,057.00 |
2,726,936.00 |
|
Called Up Share Capital |
50,000.00 |
50,000.00 |
50,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue Reserves |
1,063,904.00 |
769,038.00 |
484,141.00 |
|
Other Reserves |
4,155,094.00 |
3,386,056.00 |
2,901,915.00 |
|
Total Shareholders
Equity |
5,268,998.00 |
4,205,094.00 |
3,436,056.00 |
|
Other Financials |
|
|
|
|
Working Capital |
4,813,894.00 |
3,887,885.00 |
3,043,478.00 |
|
Net Worth |
5,039,548.00 |
3,976,286.00 |
3,208,449.00 |
|
Ratios |
|
|
|
|
Return on Capital Employed |
1.64 |
1.44 |
1.08 |
|
Stock Turnover Ratio |
18.62 |
23.20 |
17.32 |
|
Debtor Days |
3.00 |
109.00 |
134.00 |
|
Creditor Days |
45.00 |
35.00 |
59.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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.