MIRA INFORM REPORT
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Report Date : |
25.09.2013 |
IDENTIFICATION DETAILS
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Name : |
INTERAL |
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Registered Office : |
6, Rue De La Vanoise, Parc Des Corbeges, Corbas, 69960 |
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Country : |
France |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
15.01.1988 |
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Com. Reg. No.: |
344031265 |
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Legal Form : |
Private Independent |
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Line of Business : |
Subject is engaged in retail sale by confectioners, tobacconists
and newsagents (CTNs); retail sale in non-specialised stores (excluding CTNs)
holding an alcohol licence, with food, beverages or tobacco predominating;
and retail sale in non-specialised stores (excluding CTNs) not holding an
alcohol licence, with food, beverages or tobacco predominating. |
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No. of Employees : |
4 |
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 : |
Small company |
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Payment Behaviour : |
Slow but correct |
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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) |
|
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
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 and Address
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Interal |
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Business Description
Interal is primarily engaged in retail sale by
confectioners, tobacconists and newsagents (CTNs); retail sale in
non-specialised stores (excluding CTNs) holding an alcohol licence, with food,
beverages or tobacco predominating; and retail sale in non-specialised stores
(excluding CTNs) not holding an alcohol licence, with food, beverages or
tobacco predominating.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4711 -
Retail sale in non-specialized stores with food, beverages or tobacco
predominating |
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NACE Rev 2: |
4711 -
Retail sale in non-specialised stores with food, beverages or tobacco
predominating |
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NAICS 2012: |
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UK SIC 2007: |
4711 -
Retail sale in non-specialised stores with food, beverages or tobacco
predominating |
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US SIC 1987: |
Key Executive
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Name |
Title |
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Kamer Dergazaroglu |
Partner |
News
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Title |
Date |
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Presolicitation
Notice - 68-- Multiple chemical requisition: Plasthall DOS, Silica, Magnesium
oxide, Carbon black |
18-Sep-2013 |
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Hard disk
not showing in finder but mounted in disk utility |
12-Sep-2013 |
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Did FDA
Just Announce A Major Reorganization |
8-Sep-2013 |
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Injured
fishing crewmember brought ashore by Coast Guard |
26-Aug-2013 |
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(New)
Injured fishing crewmember brought ashore by Coast Guard |
26-Aug-2013 |
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Reduce Your
Taxes: IRS Releases Miscellaneous Expenses Tax Tips |
12-Aug-2013 |
Registered No.(FRA): 344031265
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7566
Corporate Overview
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ANZSIC 2006 Codes: |
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4279 |
- |
Other Store-Based Retailing Not Elsewhere
Classified |
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ISIC Rev 4 Codes: |
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4711 |
- |
Retail sale in non-specialized stores with
food, beverages or tobacco predominating |
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NACE Rev 2 Codes: |
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4711 |
- |
Retail sale in non-specialised stores with
food, beverages or tobacco predominating |
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NAICS 2012 Codes: |
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4451 |
- |
Grocery Stores |
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US SIC 1987: |
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5411 |
- |
Grocery Stores |
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UK SIC 2007: |
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4711 |
- |
Retail sale in non-specialised stores with
food, beverages or tobacco predominating |
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Executive Report
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Executives |
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Partner |
Partner |
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Annual Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Total income |
4.7 |
5.3 |
4.7 |
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Net sales |
4.7 |
5.2 |
4.7 |
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Change in stock |
0.0 |
0.1 |
-0.1 |
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Subsidies for operating costs |
- |
0.0 |
0.0 |
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Supplementary operating income |
0.0 |
0.0 |
0.0 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
0.3 |
0.3 |
0.3 |
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Cost of goods sold |
4.0 |
4.4 |
4.1 |
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Taxes and social security costs |
0.0 |
0.0 |
0.0 |
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Social charges |
0.1 |
0.1 |
0.1 |
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Total payroll costs |
0.1 |
0.2 |
0.1 |
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Cost of stock depreciation and
amortisation |
0.0 |
0.1 |
0.0 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Total operating
costs |
4.5 |
5.1 |
4.6 |
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Net operating
income |
0.2 |
0.2 |
0.1 |
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Total financial
income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Other expenses |
0.0 |
0.0 |
- |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
0.2 |
0.2 |
0.1 |
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Extraordinary income |
0.0 |
0.0 |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.1 |
0.0 |
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Net profit |
0.2 |
0.1 |
0.1 |
Annual Balance Sheet
Financials
in: USD (mil)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.2 |
0.2 |
0.2 |
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Total reserves |
0.4 |
0.3 |
0.3 |
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Profits for the year |
0.2 |
0.1 |
0.1 |
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Profit brought forward from previous
year(s) |
0.3 |
0.3 |
0.2 |
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Total
stockholders equity |
1.1 |
0.9 |
0.8 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Trade creditors |
0.4 |
0.4 |
0.4 |
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Advances received |
0.0 |
- |
- |
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Bank loans and overdrafts |
0.0 |
0.1 |
0.2 |
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Current bank debts |
- |
- |
0.0 |
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Other loans |
0.1 |
0.1 |
0.1 |
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Other liabilities |
0.0 |
0.0 |
- |
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Taxation and social security |
0.1 |
0.1 |
0.0 |
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Total current
liabilities |
0.5 |
0.7 |
0.6 |
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Total debts |
0.5 |
0.7 |
0.7 |
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Total
liabilities (including net worth) |
1.6 |
1.6 |
1.5 |
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Patents |
- |
0.0 |
0.0 |
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Land |
0.0 |
0.0 |
0.0 |
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Buildings |
0.0 |
0.1 |
0.1 |
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Other fixed assets |
0.1 |
0.1 |
0.1 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.1 |
0.1 |
0.1 |
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Prepayments |
0.0 |
- |
- |
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Net stocks and work in progress |
0.9 |
0.9 |
1.0 |
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Trade debtors |
0.4 |
0.3 |
0.3 |
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Discounted bills not yet due |
- |
0.1 |
- |
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Other receivables |
0.0 |
0.2 |
0.0 |
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Prepaid expenses |
0.0 |
0.0 |
- |
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Cash and liquid assets |
0.1 |
0.1 |
0.1 |
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Total current
assets |
1.5 |
1.5 |
1.4 |
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Total assets |
1.6 |
1.6 |
1.5 |
Annual Ratios
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Financials
in: USD (mil) |
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.90 |
2.20 |
2.20 |
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Quick ratio |
1.10 |
0.90 |
0.70 |
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Total liabilities to net worth |
0.49% |
0.72% |
0.86% |
|
Net worth to total assets |
0.67% |
0.58% |
0.54% |
|
Collection period |
22.70 |
26.80 |
19.30 |
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Stock turnover rate |
5.10 |
5.50 |
4.90 |
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Asset turnover |
2.93% |
3.04% |
3.10% |
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Profit margin |
0.05% |
0.04% |
0.02% |
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Return on assets |
0.14% |
0.12% |
0.05% |
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Shareholders' return |
0.21% |
0.21% |
0.10% |
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Sales per employee |
- |
6,176.25 |
- |
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Profit per employee |
- |
243.97 |
- |
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Average wage per employee |
- |
194.98 |
- |
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Net worth |
1.1 |
0.9 |
0.8 |
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Number of employees |
- |
4 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.66 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
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.