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Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALTATECH.FR |
|
|
|
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Registered Office : |
40 Rue Bouret 75019 Paris 19 |
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|
|
|
Country : |
France |
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|
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Financials (as on) : |
2007 |
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|
|
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Date of Incorporation : |
01.05.2004 |
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|
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Com. Reg. No.: |
45355050100028 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Systems consulting and software |
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|
|
|
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
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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
|
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 ALTATECH.FR
Company Registration Number 45355050100028
Country FR
Activity Code 6202A
Activity Description Conseil en systèmes
et logiciels informatiques
(Systems
consulting and software)
Company Status Economically
active
Latest Turnover 48,316.00 (EUR)
Latest Shareholders Equity 30,623.00 (EUR)
Profit Before Tax 189.00 (EUR)
Activities
Activity Code 6202A
Activity Description Conseil en
systèmes et logiciels informatiques
(Systems
consulting and software)
Basic Information
Company Name ALTATECH.FR
Registered Company Name ALTATECH
Company Registration Number 45355050100028
Country FR
VAT Registration Number FR20453550501
Date of Company Registration 01/05/2004
Date of Starting Operations 01/05/2004
Commercial Court Legal Form Limited Liability
Company
Company Status Economically
active
Principal Activity Code 6202A
Principal Activity Description Conseil en
systèmes et logiciels informatiques
(Systems consulting and software)
Contact Address 40 RUE BOURET
75019 PARIS 19
Contact Telephone Number 0660158428
Address 40 RUE BOURET
75019 PARIS 19
Country FR
Telephone 06 60 15 84 28
Address 40 RUE BOURET
75019 PARIS 19
Country FR
Address PARIS 19, 75019
Country FR
Address PARIS 19, 75019
Country FR
Name M SMADJA DAVID
Gender Male
Date of Birth 22/02/1980
Position Manager
Nominal Share Capital 4,000.00 (EUR)
Year 2007
Number of Employees 0
Year 2005
Number of Employees 0
Year 2004
Number of Employees 0
Profit & Loss
Financial Year 2007 2005 2004
Number of Weeks 52 78 35
Currency EUR EUR EUR
Revenue 48,319.00 50,381.00
14,003.00
Operating Costs 48,577.00 33,340.00
9,284.00
Operating Profit -258.00 17,041.00
4,719.00
Wages & Salaries
15,860.00 4,000.00
0.00
Pension Costs 0.00 5,147.00
1,641.00
Depreciation 554.00 61.00
0.00
Financial Income 653.00 18.00
0.00
Financial Expenses 207.00 8.00 49.00
Extraordinary Income 0.00 0.00 0.00
Extraordinary Costs 0.00 0.00 0.00
Profit Before Tax 189.00 17,051.00
4,670.00
Tax 28.00 0.00 0.00
Profit After Tax 161.00 17,051.00
4,670.00
Retained Profit 161.00 17,051.00
4,670.00
Balance Sheet
Financial Year 2007 2005 2004
Number of Weeks 52 78 35
Currency EUR EUR EUR
Other Tangible Assets 494.00 1,602.00
0.00
Total Tangible Assets 494.00 1,602.00
0.00
Goodwill 0.00 0.00 0.00
Other Intangible Assets 0.00 1,000.00
1,000.00
Total Intangible Assets 0.00 1,000.00
1,000.00
Miscellaneous
Fixed Assets 0.00 0.00 0.00
Total Other Fixed Assets 0.00 0.00 0.00
Total Fixed Assets 494.00 2,602.00
1,000.00
Raw Materials 0.00 0.00 0.00
Finished Goods 0.00 0.00 0.00
Total Inventories 0.00 0.00 0.00
Trade Receivables 20,482.00 7,602.00
1,435.00
Miscellaneous
Receivables 3,594.00 327.00
102.00
Total Receivables 24,076.00 7,929.00
1,537.00
Cash 7,164.00 31,742.00
9,338.00
Other Current Assets 3,192.00 75.00
75.00
Total Current Assets 34,432.00 39,746.00
10,950.00
Total Assets 34,926.00 42,348.00
11,950.00
Trade Payables 889.00 6,509.00
593.00
Other Loans/Finance
0.00 0.00 29.00
Miscellaneous Liabilities 3,413.00 10,118.00
2,658.00
Total Current Liabilities 4,302.00 16,627.00
3,280.00
Miscellaneous Liabilities
due after 1 year 0.00 0.00 0.00
Total Long Term Liabilities 0.00 0.00 0.00
Total Liabilities 4,302.00 16,627.00
3,280.00
Called Up Share Capital 4,000.00 4,000.00 4,000.00
Revenue Reserves 26,224.00 21,488.00 4,670.00
Other Reserves 399.00 233.00 0.00
Total Shareholders Equity 30,623.00 25,721.00 8,670.00
Other Financials
Working Capital 30,130.00 23,119.00 7,670.00
Net Worth 30,623.00 24,721.00 7,670.00
Ratios
|
Financial Year 2005 2004 |
2007 |
2005 |
2004 |
|
Return
on Capital Employed |
0.43 |
0.02 |
0.35 |
|
Stock Turnover
Ratio |
0.00 |
0.00 |
0.00 |
|
Debtor
Days |
128.00 |
45.00 |
37.00 |
|
Creditor Days |
8.00 |
85.00 |
29.00 |
|
Liquidity Ratio/Acid Test |
6.32 |
0.48 |
0.47 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.