MIRA INFORM REPORT

 

 

Report Date :

09.07.2014   

 

IDENTIFICATION DETAILS

 

Name :

WORLD FOOD TRADING AND SOURCING

 

 

Registered Office :

LES Docks Atrium 10 6 Bp 13543 10 Pl De La Joliette Bp 13543 Marseille 2 13567 Marseille Cedex 02

 

 

Country :

France

 

 

Date of Incorporation :

December 2011

 

 

Com. Reg. No.:

1 538 651 241

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale of Non-specialized food

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

Source : CIA

 

 

 

Company name and address

 

WORLD FOOD TRADING AND SOURCING

 

 

 

 

 

 

 

 

 

 

EUR VAT Number

FR83538651241

 

 

Activity (APE)

Wholesale (intercompany trade) Non-specialized food

Legal form

Simplified joint stock company

 

 

Phone

 

RCS Registration

RCS Marseille 1 538 651 241

 

 

Fax

 

Share capital

300,000 Euros

 

 

Address

WORLD FOOD TRADING AND SOURCING
WFTS
LES DOCKS ATRIUM 10 6 BP 13543
10 PL DE LA JOLIETTE
BP 13543 MARSEILLE 2
13567 MARSEILLE CEDEX 02

Incorporated Date

12/2011

 

 

Nationality

France

Status

Economically active

 

 

 

 

 

 

 

This company is not under monitoring

 

 

Current Directors

1

 

 

 

 

 

company details

 

 

 

 

 

 

 

Activity (APE)

Wholesale (intercompany trade) Non-specialized food

 

RCS Registration

RCS Marseille 1 538 651 241

Share capital

300,000 Euros

 

Registration Court

Marseille (13)

Legal form

Simplified joint stock company

 

Court Registry Number

20 1 1B04320

EUR VAT Number

FR83538651241http://www.creditsafe.fr/csfr/Images/help1.gif

 

Incorporation Date

12/2011

Formation Date

09/2011

 

Deregistration Date

 

Last account Date

N/A

 

Nationality

France

 

 

 

 

 

 

 

Acronym

WFTS

 

Activity (APE)

Wholesale (intercompany trade) Non-specialized food

Business Pages FT®

 

 

Postal Address

WORLD FOOD TRADING AND SOURCING
WFTS
LES DOCKS ATRIUM 10 6 BP 13543
10 PL DE LA JOLIETTE
BP 13543 MARSEILLE 2
13567 MARSEILLE CEDEX 02

Trading Address

10 PLACE DE LA JOLIETTE
13002 MARSEILLE 2

 

Telephone

 

 

Fax

 

 

 

 

 

Type

Head office (one site company)

Status

Economically active

 

Formation Date

09/2011

Reason for formation

Formation

 

Closure Date

 

Reason for closure

 

 

Reactivation Date

 

Production Role

 

 

Activity Nature

-

Activity Location

N/R

 

Location surface

 

Seasonality

 

 

 

 

 

Department

 

Region

Côte d'Azur

 

District

 

Area

 

 

City

MARSEILLE 2

Size of urban area

 

 

 

 

 

 

Branches

1 branch entities in this company

 

 

 

Head office


> WORLD FOOD TRADING AND SOURCING <<< - Wholesale (intercompany trade) Non-specialized food

 

 

Secondary establishments

 

 

 

 

 

 

 

Regionality

Legal unit with all establishments in same area

 

 

Mono-activity status

Legal unit having all establishments with the same main activity

 

 

 

 

 

Workforce at address

0 employee

Company workforce

0 employee

 

 

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

Status of collection

This company is not under monitoring

 

 

 

 

 

 

event history

 

 

 

 

Date

Description

01/09/2011

Economically active

 

 

 

 

 

 

Publication date

Gazette Name

Description

 

11/10/2012

Bodacc B

Modification et mutation diverse

 

 

13 - BOUCHES-DU-RHONE

GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE

192 - 538 651 241 RCS Marseille. WORLD FOOD TRADING AND SOURCING. Forme : Société par actions simplifiée. Sigle : WFTS. Capital : 300000 EUR. Activité : .
Commentaires : Modification de la dénomination. Modification du sigle. Modification du capital. Modification de la forme juridique.

22/09/2012

JAL

Modification of the share capital

 

 

Nouvelles Publications (Les)


Date de décision : 04/05/2012
La société : 538651241 - MISRACHI INT SCE CONCEPT MISC, 10 PL DE LA JOLIETTE, LES DOCKS ATRIUM 10 6 BP 13543, BP 13543 MARSEILLE 2, 13002 MARSEILLE 2 a subi une augmentation de son capital social désormais de 300 000 €
Date d'effet : 04/05/2012

22/09/2012

JAL

Appointment of the social representative

 

 

Nouvelles Publications (Les)


Date de décision : 04/05/2012
Société faisant l'objet d'une nomination : 538651241 - MISRACHI INT SCE CONCEPT MISC, 10 PL DE LA JOLIETTE, LES DOCKS ATRIUM 10 6 BP 13543, BP 13543 MARSEILLE 2, 13002 MARSEILLE 2
Nominé : Non renseignée Petra RIBBENS SPRL
En la fonction de : Associé
Nominé : Non renseignée PHILIPPE RAES SPRL
En la fonction de : Associé

 

 

 

 

 

Date

Description

 

 

11/10/2012

Bodacc B: Various editing or changing

01/10/2012

Updated articles of association

01/10/2012

Minutes of general meeting of shareholders

01/10/2012

New company name

01/10/2012

New legal form – new category

01/10/2012

Capital increase

04/05/2012

Legal Gazette: Modification of the share capital

04/05/2012

Legal Gazette: Appointment of the social representative

04/05/2012

Update of Company Name

04/05/2012

Update of Company Legal Form

04/05/2012

Modification to Company Identifier

19/12/2011

New chairman (CEO, CoB)

19/12/2011

Articles of association

19/12/2011

Fund deposit certificate

01/09/2011

Modification to Establishment Address or Identifier

01/09/2011

Formation of Company

 

 

 

 

 

 

Date

Description

01/09/2011

Formation of Head office

01/09/2011

Update of Establishment Address

01/09/2011

Modification of Head office Identification

 

 


 

 

directors

 

 

 

Name

M. MISRACHI JEAN BERNARD

 

Manager position

President

Date of birth

13/10/1947

 

Place of birth

MARSEILLE

 

 

 

Type

Individual

Name at birth

 

 

 

 

 

 

 

 

 

Previous Directors

 

 

 

 

No data about previous directors is available for this company

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.80

UK Pound

1

Rs.102.42

Euro

1

Rs.81.32

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.