|
Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MG2 MIX |
|
|
|
|
Registered Office : |
Zone De La Basse Haye,
Zone De La Basse Haie 35220 Chateaubourg |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
01.07.1989 |
|
|
|
|
Com. Reg. No.: |
35148777200029 |
|
|
|
|
Legal Form : |
Simplified joint stock company |
|
|
|
|
Line of Business : |
Manufacture of food for farm animals |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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
MG2 MIX
|
Company Name MG2 MIX Company Registration 35148777200029 Number |
|
Country FR |
|
Activity Code 1091Z
Activity Description Manufacture of food for farm animals |
|
Company Status
Economically active
Latest Turnover
17,689,312.00 (EUR) |
|
Latest Shareholders Equity 4,269,348.00 (EUR) |
Activities
Activity Code 1091Z
Activity Description
Manufacture of food for farm animals
Company Name MG2 MIX
Registered Company Name MG2 MIX
Company Registration Number 35148777200029
Country FR
VAT Registration Number FR93351487772
Date of Company Registration 01/07/1989
Date of Starting Operations 01/07/1989
Legal Form Simplified joint stock company
Company Status Economically active
Principal Activity Code 1091Z
Principal Activity Description Fabrication d'aliments
pour animaux de ferme
Contact Address
ZONE DE LA BASSE HAYE,
ZONE
DE
LA BASSE HAIE
35220
CHATEAUBOURG
Contact Telephone Number 0299007034
Address ZONE DE LA BASSE HAYE,
ZONE
DE LA BASSE HAIE 35220
CHATEAUBOURG
Country FR
Telephone 02 99 00 70 34
Address ZONE DE LA BASSE HAYE,
ZONE
DE LA BASSE HAIE 35220
CHATEAUBOURG
Country FR
Address CHATEAUBOURG, 35220
Country FR
Name M MAIGNAN
GERARD JEAN
Gender Male
Date of Birth 08/04/1947
Position President
Name M GETAIN MAURICE JEAN NOEL
Gender Male
Date of Birth 21/11/1947
Position Managing director
Nominal Share Capital 500,000.00
(EUR)
Year 2010
Number of Employees
0
Year 2009
Number of Employees
0
Year 2008
Number of Employees
0
PROFIT & LOSS
Financial Year 2010 2009 2008
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 17,834,851.00 14,878,155.00 15,078,057.00
Operating Costs 16,597,809.00 14,026,575.00 14,107,658.00
Operating Profit 1,237,042.00 851,580.00 970,399.00
Wages & Salaries 331,516.00 302,331.00 278,300.00
Pension Costs 138,371.00 132,816.00 107,148.00
Depreciation 339,444.00 216,008.00 165,238.00
Financial Income 63,479.00 50,461.00 86,330.00
Financial Expenses
51,104.00 63,219.00 44,521.00
Extraordinary Income 518.00 8,628.00 16,000.00
Extraordinary Costs 2,033.00 3,217.00 429,349.00
Profit Before Tax 1,247,903.00 844,233.00 598,858.00
Tax 421,508.00 292,715.00 199,674.00
Profit After Tax 826,395.00 551,518.00 399,184.00
Dividends 0.00 0.00 0.00
Retained Profit 826,395.00 551,518.00 399,184.00
BALANCE SHEET
Financial Year 2010 2009 2008
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 564,529.00 660,684.00 352,831.00
Plant & Machinery 614,065.00 352,745.00 206,266.00
Other Tangible
Assets 87,744.00 86,573.00 105,720.00
Total Tangible Assets 1,266,338.00 1,100,002.00 664,817.00
Goodwill 80,000.00 80,000.00 80,000.00
Other Intangible
Assets 8,751.00 5,622.00 9,318.00
Total Intangible
Assets 88,751.00 85,622.00 89,318.00
Investments 10,240.00 10,240.00 10,240.00
Loans to Group 0.00 0.00 420.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed
Assets 271.00 271.00 271.00
Total Other Fixed Assets 10,511.00 10,511.00
10,931.00
Total Fixed Assets 1,365,600.00 1,196,135.00 765,066.00
Raw Materials
1,032,681.00 901,685.00 1,414,374.00
Work in Progress
0.00 0.00 0.00
Finished Goods 174,966.00 46,333.00 233,239.00
Other Inventories 0.00 0.00 0.00
Total Inventories
1,207,647.00 948,018.00 1,647,613.00
Trade Receivables
2,918,008.00 3,492,303.00 3,231,605.00
Miscellaneous Receivables 105,304.00 155,182.00 161,204.00
Total Receivables 3,023,312.00 3,647,485.00 3,392,809.00
Cash 0.00 33,734.00 254,061.00
Other Current Assets
3,516,836.00 2,204,960.00 1,595,873.00
Total Current Assets 7,747,795.00 6,834,197.00 6,890,356.00
Total Assets 9,113,395.00 8,030,332.00 7,655,422.00
Trade Payables 1,990,808.00 1,265,999.00 2,056,038.00
Bank Liabilities 492,008.00 298,283.00 284,420.00
Other Loans/Finance 3,928.00 748,345.00 50.00
Miscellaneous Liabilities 325,980.00 269,023.00 232,750.00
Total Current Liabilities 2,812,724.00 2,581,650.00 2,573,258.00
Bank Liabilities
due after 1 year 910,323.00 684,729.00 985,729.00
Other Loans/Finance
due after 1 year 0.00 0.00 5,000.00
Miscellaneous Liabilities
due after 1 year 1,121,000.00 1,121,000.00 800,000.00
Total Long Term Liabilities 2,031,323.00 1,805,729.00 1,790,729.00
Total Liabilities 4,844,047.00 4,387,379.00 4,363,987.00
Called Up Share Capital 500,000.00 500,000.00 500,000.00
Share Premium 0.00 0.00 0.00
Revenue Reserves 826,395.00 551,518.00 399,184.00
Other Reserves 2,942,953.00 2,591,435.00 2,392,251.00
Total Shareholders Equity 4,269,348.00 3,642,953.00 3,291,435.00
Other Financials
Working Capital 4,935,071.00 4,252,547.00 4,317,098.00
Net Worth 4,180,597.00 3,557,331.00 3,202,117.00
Return on Capital Employed 0.29 0.42 0.30
Stock Turnover Ratio 6.83 6.30 11.11
Debtor Days 59.00 84.00 78.00
Creditor Days 46.00 35.00 57.00
Liquidity Ratio/Acid Test 1.10 1.43 1.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.