MIRA INFORM REPORT

Report Date :

13.03.2014

IDENTIFICATION DETAILS

Name :	ATAMEC - BSMA INGENIERIE

Registered Office :	1, Rue Camille Claudel Za La Bargette St Priest En Jarez, 42270

Country :	France

Financials (as on) :	30.02.2012

Date of Incorporation :	15.07.2004

Com. Reg. No.:	478038185

Legal Form :	Private Independent

Line of Business :	Subject is engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.

No. of Employees :	34

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No complaints
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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

France

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 mitigate economic inequality. France's real GDP contracted in 2009, and has recovered slowly since then. The unemployment rate increased from 7.4% in 2008 to 10.5% in 2013. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high spending on social protection 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 4.0% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. Under President SARKOZY, Paris implemented some austerity measures to begin bringing the budget deficit under the 3% euro-zone ceiling 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 looser fiscal policy, 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, and hiring an additional 60,000 teachers during his five-year term. The government’s budget for 2014 introduced a temporary 75% tax on wages over one million euros, to be paid by employers. France ratified the EU fiscal stability treaty in October 2012. 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

ATAMEC - BSMA INGENIERIE

1, Rue Camille Claudel
Za La Bargette

St Priest En Jarez, 42270
France


Tel:	+33 04 77 49 95 00
Fax:	+33 04 77 49 95 01

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\arrow_002.gif$ www.atamec-bsma.com

Employees:	34
Company Type:	Private Independent

Incorporation Date:	15-Jul-2004


Fiscal Year End:	30-Sep-2012
Reporting Currency:	Euro
Annual Sales:	8.4
Total Assets:	4.9

Business Description

Atamec - Bsma Ingenierie is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.

Industry

Industry	Miscellaneous Professional Services
ANZSIC 2006:	6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified
ISIC Rev 4:	8299 - Other business support service activities n.e.c.
NACE Rev 2:	8299 - Other business support service activities n.e.c.
NAICS 2012:	561990 - All Other Support Services
UK SIC 2007:	8299 - Other business support service activities n.e.c.
US SIC 1987:	8742 - Management Consulting Services

Key Executives

Name	Title
Paul Marie Jean Badaroux	President
Paul Badaroux	Commercial director, Marketing director

Registered No.(FRA): 478038185

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7705342

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7719989

Corporate Overview

Location
1, Rue Camille Claudel
Za La Bargette
St Priest En Jarez, 42270
France

Tel:	+33 04 77 49 95 00
Fax:	+33 04 77 49 95 01

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\externalright.gif$ www.atamec-bsma.com

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$

Sales EUR(mil):	6.5
Assets EUR(mil):	3.8
Employees:	34
Fiscal Year End:	30-Sep-2012

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$
Industry:	Business Services

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$

Incorporation Date:	15-Jul-2004
Company Type:	Private Independent
Quoted Status:	Not Quoted
Registered No.(FRA):	478038185

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$
President:	Paul Marie Jean Badaroux

Industry Codes

ANZSIC 2006 Codes:
6999	-	Other Professional, Scientific and Technical Services Not Elsewhere Classified
6991	-	Professional Photographic Services

ISIC Rev 4 Codes:
8299	-	Other business support service activities n.e.c.
7420	-	Photographic activities

NACE Rev 2 Codes:
8299	-	Other business support service activities n.e.c.
7420	-	Photographic activities

NAICS 2012 Codes:
561990	-	All Other Support Services
54192	-	Photographic Services

US SIC 1987:
8742	-	Management Consulting Services
7221	-	Photographic Studios, Portrait

UK SIC 2007:
8299	-	Other business support service activities n.e.c.
7420	-	Photographic activities

Business Description

Atamec - Bsma Ingenierie is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.

Financial Data

Financials in:	EUR(mil)
$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$
Revenue:	6.5
Assets:	3.8
Current Assets:	3.6
Total Liabilities:	3.8
Issued Capital:	0.9
Net Worth:	1.1
$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$
Date of Financial Data:	30-Sep-2012

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$

1 Year Growth

155.8%

Executives Report

$Description: \\vivek\Foreign Report Raw\Atamec - Bsma Ingenierie_files\spacer.gif$

Executives

Name

Title

Function

Paul Marie Jean Badaroux

President

Paul Badaroux

Commercial director, Marketing director

Marketing Executive

Annual Profit & Loss

	30-Sep-2012	30-Sep-2009	30-Sep-2008
Period Length	12 Months	12 Months	12 Months
Filed Currency	EUR	EUR	EUR
Exchange Rate (Period Average)	0.770534	0.73971	0.666382
Consolidated	No	No	No

Total income	8.4	3.6	5.3
Net sales	8.4	3.4	4.7
Change in stock	0.0	-0.3	0.0
Own work capitalised	-	0.1	0.6
Subsidies for operating costs	0.0	0.0	-
Supplementary operating income	0.0	0.1	0.0
Other operating income	0.0	0.0	0.0
Other external charges	1.5	1.0	1.2
Cost of goods sold	4.5	1.5	1.6
Taxes and social security costs	0.1	0.1	0.1
Social charges	0.6	0.5	0.6
Total payroll costs	1.4	1.5	1.6
Cost of stock depreciation and amortisation	0.1	0.1	0.1
Fixed asset depreciation and amortisation	0.1	0.1	0.0
Other operating costs	0.0	0.0	0.0
Total operating costs	8.4	4.4	5.3
Net operating income	0.1	-0.7	0.0
Total financial income	-	-	0.0
Interest payable on loans	0.1	0.1	0.0
Total expenses	0.1	0.1	0.0
Profit before tax	0.0	-0.8	0.0
Extraordinary income	0.0	0.6	0.0
Extraordinary expenses	0.0	0.0	0.0
Extraordinary result	0.0	0.5	0.0
Total taxation	-0.1	-0.1	-
Profit distributed to employees	0.0	-	-
Net profit	0.1	-	0.0
Net loss	-	0.2	-

Annual Balance Sheet

Financials in: USD (mil)

	30-Sep-2012	30-Sep-2009	30-Sep-2008
Filed Currency	EUR	EUR	EUR
Exchange Rate	0.771999	0.684135	0.711921
Consolidated	No	No	No

Issued capital	1.1	0.2	0.2
Other reserves	0.2	0.3	0.1
Total reserves	0.0	0.0	0.0
Profits for the year	0.1	-0.2	0.0
Profit brought forward from previous year(s)	0.1	0.2	0.2
Total stockholders equity	1.5	0.5	0.6
Provisions and allowances	0.0	0.1	0.1
Trade creditors	1.3	0.7	1.0
Advances received	0.6	-	-
Bank loans and overdrafts	0.3	0.4	0.3
Current bank debts	0.0	0.1	-
Other liabilities	0.4	0.1	0.4
Income stated in advance	0.1	-	-
Taxation and social security	0.7	0.8	0.8
Total current liabilities	2.6	1.8	2.4
Total debts	3.4	2.0	2.5
Total liabilities (including net worth)	4.9	2.6	3.2
Patents	0.0	-	-
Goodwill	0.1	0.1	0.1
Other intangibles	0.0	0.6	0.5
Other fixed assets	0.1	0.0	0.1
Long-term investments	-	-	0.0
Other financial assets	0.0	0.0	0.0
Total non-current assets	0.2	0.8	0.7
Prepayments	0.3	-	-
Net stocks and work in progress	0.1	0.4	0.1
Trade debtors	3.8	1.0	2.1
Discounted bills not yet due	0.7	-	-
Other receivables	0.5	0.2	0.2
Prepaid expenses	0.1	0.0	0.1
Cash and liquid assets	0.0	-	0.0
Marketable securities	-	0.3	-
Total current assets	4.7	1.8	2.5
Total assets	4.9	2.6	3.2

Annual Ratios

Financials in: USD (mil)

	30-Sep-2012	30-Sep-2009	30-Sep-2008
Period Length	12 Months	12 Months	12 Months
Filed Currency	EUR	EUR	EUR
Exchange Rate	0.771999	0.684135	0.711921
Consolidated	No	No	No

Current ratio	1.80	1.00	1.00
Quick ratio	1.70	0.80	1.00
Total liabilities to net worth	2.49%	-9.82%	-100.69%
Net worth to total assets	0.28%	-0.08%	-0.01%
Collection period	162.40	78.60	142.50
Stock turnover rate	165.70	10.20	50.30
Asset turnover	1.71%	1.45%	1.40%
Profit margin	0.00%	-0.24%	0.00%
Return on assets	0.00%	-0.34%	0.00%
Shareholders' return	0.00%	-	-0.18%
Sales per employee	1,844.24	614.05	765.56
Profit per employee	1.12	-145.49	0.78
Average wage per employee	316.94	264.04	261.70
Net worth	1.5	0.5	0.6
Number of employees	23	27	27

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.09
UK Pound	1	Rs.101.59
Euro	1	Rs.84.65

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%)

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.

MIRA INFORM REPORT

Company name and address

Business Description

Industry

Key Executives

Corporate Overview

Industry Codes

Business Description

Financial Data

Executives Report

Annual Profit & Loss

Unit