MIRA
INFORM REPORT
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Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TEXDECOR |
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Registered Office : |
2 Rue D Hem
59780 Willems |
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Country : |
France |
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Date of Incorporation : |
January, 1974 |
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Com. Reg. No.: |
RCS Roubaix-Tourcoing 7 301 420 469 |
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Legal Form : |
Simplified joint stock company |
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Line of Business : |
Wholesale (business
to business) plumbing fixtures and
decorative products (4673B) |
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No. of Employees |
200 to 249 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 82 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 mitigate economic inequality.
France's real GDP stagnated in 2012 and 2013. The unemployment rate (including
overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth
unemployment in metropolitan France decreased from a high of 25.4% in the
fourth quarter of 2012 to 22.8% in the fourth quarter of 2013.
Lower-than-expected growth and high spending have strained France's public
finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of
GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt
rose from 68% of GDP to nearly 94% over the same period. In accordance with its
EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8%
in 2015. The administration of President Francois HOLLANDE has implemented
greater state support for employment, the separation of banks' traditional
deposit taking and lending activities from more speculative businesses,
increasing the top corporate and personal tax rates, including a temporary 75%
tax on wages over one million euros, and hiring an additional 60,000 teachers
during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility
Pact” aimed primarily at lowering labor costs in return for businesses’
commitment to create jobs. Despite stagnant growth and fiscal challenges,
France's borrowing costs have declined in recent years because investors remain
attracted to the liquidity of France’s bonds.
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Source
: CIA |
Company Name
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Name |
TEXDECOR |
SIRET |
301 420 469 00035 |
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Personal
comment
company summary
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EUR VAT Number |
FR65301420469 |
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Activity (APE) |
Wholesale (business to business) plumbing
fixtures and decorative
products (4673B) |
Legal form |
Simplified joint stock company |
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|
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Phone |
03 20 61 77 17 |
RCS Registration |
RCS Roubaix-Tourcoing 7 301 420 469 |
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Fax |
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Share capital |
1,200,736 Euros |
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Address |
TEXDECOR |
Incorporated Date |
08/1974 |
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Nationality |
France |
Status |
Economically active |
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No social security and tax office preferential
right to date |
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Ultimate Holding Company |
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Company
Name |
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Company
number |
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TEXDECOR
DEVELOPPEMENT |
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493292643 |
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Current Directors |
2 |
company
details
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Activity
(APE) |
Wholesale (business to business) plumbing
fixtures and decorative
products (4673B) |
||
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RCS
Registration |
RCS
Roubaix-Tourcoing 7 301 420 469 |
Share
capital |
1,200,736
Euros |
|
|
Registration
Court |
Roubaix-Tourcoing
(59) |
Legal
form |
Simplified
joint stock company |
|
|
Court
Registry Number |
19 7
4B00078 |
EUR
VAT Number |
FR65301420469 |
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Incorporation
Date |
08/1974 |
Formation
Date |
01/1974 |
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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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Ultimate
Parent |
1 ultimate
parent company for this company |
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Activity
(APE) |
Wholesale (business to business) plumbing
fixtures and decorative
products (4673B) |
Business
Pages FT® |
SALLES
DE BAINS: EQUIPEMENTS (NEGOCE) |
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Postal
Address |
TEXDECOR |
Trading
Address |
2 RUE
D HEM |
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Telephone |
03 20
61 77 17 |
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Fax |
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Type |
Head
office |
Status |
Economically
active |
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Formation
Date |
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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 |
Nord
(59) |
Region |
Nord-Pas-de-Calais |
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District |
5 |
Area |
33 |
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City |
WILLEMS |
Size
of urban area |
Urban
unit with 200 000 to 1 999 999 inhabitants |
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Branches |
2 branch
entities in this company |
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Head
office |
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Secondary
establishments |
> TEXDECOR
- Commerce de gros (commerce interentreprises) d'appareils sanitaires et de
produits de décoration (4673B) in LEERS (59115) |
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Regionality |
Legal
unit with all establishments in same area |
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Mono-activity
status |
Legal
unit having all establishments with the same main activity |
Workforces
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Workforce
at address |
200
to 249 employees |
Company
workforce |
200
to 249 employees |
accounts
Judgements
Collective procedures
No judgment information for the company
Social security, pension funds preferential rights
| Tax office preferential rights
Preferential rights details and history
Summary of preferential rights
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Company
monitored since |
04/02/2008
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Status
of Monitoring |
No
social security and tax office preferential right to date |
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Group data
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Ultimate
parent company |
TEXDECOR
DEVELOPPEMENT |
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Direct
parent |
TEXDECOR
DEVELOPPEMENT - 100 % |
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Group
– Number of companies |
9 |
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Linkages
– Number of companies |
1 |
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Number
of countries |
1 |
Group Structure
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Go
directly to the current company |
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Display
only where participation % > 33 % |
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Display
all participations |
This company is a part of several groups, choose
the group you wish to see the structure
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Display
the group |
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TEXDECOR
DEVELOPPEMENT |
loading data...
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Company
Name |
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SIREN |
Parts |
Last
account published |
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493292643 |
- |
- |
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301420469 |
100% |
- |
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464458368 |
Majority |
31/12/2012 |
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03661165 |
Majority |
31/12/2013 |
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HRB
101467 |
Majority |
31/12/2012 |
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US32165710 |
Majority |
- |
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34188890 |
Majority |
31/12/2011 |
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406745 |
Majority |
31/12/2013 |
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- |
Majority |
- |
Shareholders
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Type
of shareholder |
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Shareholders |
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Linkages |
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event
history
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directors
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Previous Directors |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
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UK Pound |
1 |
Rs.100.24 |
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Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SDA |
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.