MIRA INFORM REPORT
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Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
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Name : |
EUROPE EXPANSION COMMERCIALE |
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Registered Office : |
Scott Et Fox Angle De La Rue Palestro 53 Rue Reaumur 75002 Paris 2 |
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Country : |
France |
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Date of Incorporation : |
June 1962 |
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Legal Form : |
Simplified joint stock company |
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Line of Business : |
Subject is involved in the sale of textiles, clothing, fur, footwear
and leather |
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No. of Employees : |
6 |
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 : |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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
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Source
: CIA |
Company
name and address
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Company
summary |
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DIRECTORS/MANAGEMENT
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Current Directors |
2 |
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Directors |
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Previous Directors |
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NEGATIVE
INFORMATION
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Judgements |
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SHARE
& SHARE CAPITAL INFORMATION
Shareholders
No Shareholders available for this company
PAYMENT
INFORMATION
Payment Information Summary - Trade Payment Data
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Have you got a payment experience on this or any other customers you could share with us? Contribute to our payment data programme to encourage best practice and expose poor performance. Click here for details and to find out what you will get back in return. |
GROUP
STRUCTURE & AFFILIATED COMPANIES
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Group data |
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Group Structure No group information available for the company |
FINANCIAL
INFORMATION
N/a
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
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Company details |
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Activity (APE) |
Agents involved in the sale of textiles, clothing, fur, footwear and leather (4616Z) |
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RCS Registration |
RCS Paris 6 622 031 169 |
Share capital |
2,642,299 Euros |
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Registration Court |
Paris (75) |
Legal form |
Simplified joint stock company |
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Court Registry Number |
19 6 2B03116 |
EUR VAT Number |
FR50622031169 |
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Incorporation Date |
06/1962 |
Formation Date |
01/1962 |
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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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Establishment details |
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Acronym |
EURECO |
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Activity (APE) |
Agents involved in the sale of textiles, clothing, fur, footwear and leather (4616Z) |
Business Pages FT® |
FABRICATION DE VETEMENTS POUR HOMMES |
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Postal Address |
EUROPE EXPANSION
COMMERCIALE |
Trading Address |
53 RUE REAUMUR |
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Telephone |
01 45 08 11 96 |
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Fax |
01 40 26 46 97 |
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Type |
Head office |
Status |
Economically active |
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Formation Date |
02/1993 |
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 |
Paris (75) |
Region |
Ile-de-France |
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District |
1 |
Area |
99 |
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City |
PARIS 2 |
Size of urban area |
Paris conglomeration |
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Other establishments |
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Branches |
2 branch entities in this company |
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Head office |
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Secondary establishments |
> EUROPE EXPANSION COMMERCIALE
- Intermédiaires du commerce en textiles, habillement, fourrures,
chaussures et articles en cuir (4616Z) in PARIS 2
(75002) |
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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 |
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Workforces |
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Workforce at address |
6 to 9 employees |
Company workforce |
6 to 9 employees |
Preferential rights details and history
Summary of preferential rights
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Company monitored since |
02/07/2009 |
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Status of Monitoring |
No social security and tax office preferential right to date |
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Event history |
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Status history |
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No Status History |
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Recent publications in Gazettes |
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Publication date |
Gazette Name |
Description |
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14/12/2011 |
Bodacc B |
Modification et mutation diverse |
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75 - PARIS GREFFE DU
TRIBUNAL DE COMMERCE DE PARIS 1723 - 622 031 169 RCS
Paris. EUROPE EXPANSION COMMERCIALE. Forme : Société par actions simplifiée. Sigle
: EURECO. Capital : 2642299.80 EUR. Activité : . |
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13/10/2011 |
JAL |
Modification of the share capital |
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Annonces de la seine (Les)
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01/07/2009 |
Bodacc B |
Modification et mutation diverse |
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75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1317 - 622 031 169 RCS Paris.
EUROPE EXPANSION COMMERCIALE. Forme : Société par actions simplifiée. Sigle :
EURECO. Administration : modification du Président Scemama, Sylvain,
modification du Directeur général Scemama, Marie, Administrateur partant :
Scemama, nom d'usage : Vallée, Daisy Semha. Capital : 2590490 EUR. |
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06/04/2004 |
Bodacc B |
Modifications et mutations diverses |
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RCS Paris B 622031169 RC 62-B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A. Capital : 2 590 490 euros Nom commercial: Scott et Fox. Commentaires : modification survenue sur le capital (augmentation). |
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22/01/2003 |
Bodacc B |
Modifications et mutations diverses |
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RCS Paris B 622031169 RC 62-B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A Nom commercial: Scott et Fox. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d'administration et directeur général : SCEMAMA (Sylvain) . Modification d'un directeur général délégué et administrateur : SCEMAMA ( Marie). Administrateur partant : BELLAICHE (Emilie, Esther) ( Nom d' usage : AZRIA). Nomination d'un administrateur : VALLEE, née SCEMAMA ( Daisy, Semha). |
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02/09/1999 |
Bodacc B |
Modifications et mutations diverses |
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*. RCS Paris B 622 031 169 RC 62-B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : E.U. R.E.C.O. Forme : S.A. Capital : 2 500 000 euros Nom commercial: Scott et Fox. Commentaires : modification survenue sur le capital (augmentation). |
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22/05/1998 |
Bodacc B |
Modifications et mutations diverses |
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RCS *. RCS Paris B 622 031 169 RC RC 62- B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A Nom commercial: Scott et Fox. Commentaires : modification survenue sur le nom commercial. |
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16/01/1998 |
Bodacc B |
Modifications et mutations diverses |
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RCS *. RCS Paris B 622 031 169 RC RC 62- B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A. Capital : 15 000 000 de F. Commentaires : modification survenue sur le capital (augmentation). |
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28/12/1997 |
Bodacc B |
Modifications et mutations diverses |
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RCS Paris B 622 031 169 RC 62-B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : SCEMAMA ( Magali, Alexandra, Emilie). Nomination d'un administrateur : BELLAICHE (Emilie, Esther) ( Nom d'usage : AZRIA). |
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07/03/1997 |
Bodacc B |
Modifications et mutations diverses |
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RCS *. RCS Paris B 622 031 169 RC RC 62- B 3116 EUROPE EXPANSION COMMERCIALE. Sigle : EURECO. Forme : S.A. Administration : démission : administrateur : SCEMAMA ( Philippe). Nomination en qualité d' administrateur : SCEMAMA (Magali, Alexandra, Emilie). Commentaires : modification survenue sur l' administration. |
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Company events history |
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Date |
Description |
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14/12/2011 |
Bodacc B: Various editing or changing |
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29/11/2011 |
Minutes of general meeting of shareholders |
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29/11/2011 |
Capital increase |
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29/11/2011 |
Updated articles of association |
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29/11/2011 |
Amendment |
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29/09/2011 |
Legal Gazette: Modification of the share capital |
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29/09/2011 |
Other modification of Establishment |
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02/07/2009 |
Collection of preferential rights activated for this company |
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01/07/2009 |
Bodacc B: Various editing or changing |
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16/06/2009 |
Private document |
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16/06/2009 |
Appointment/resignation of company officers |
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16/06/2009 |
Minutes of general meeting of shareholders |
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16/06/2009 |
Updated articles of association |
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16/06/2009 |
Changes to the Board of Directors |
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16/06/2009 |
New legal form – new category |
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16/06/2009 |
New legal form – no new category |
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12/03/2009 |
Update of Company Legal Form |
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12/03/2009 |
Modification to Establishment Address or Identifier |
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24/03/2004 |
Augmentation de Capital |
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24/03/2004 |
Acte sous seing privé |
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24/03/2004 |
PV d'Assemblée |
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24/03/2004 |
Statuts mis à jour |
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09/01/2003 |
Modification du Conseil d'Administration |
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09/01/2003 |
Nomination/démission des organes de gestion |
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09/01/2003 |
Acte sous seing privé |
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09/01/2003 |
PV du Conseil d'Administration |
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09/01/2003 |
PV d'Assemblée |
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09/01/2003 |
Statuts mis à jour |
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18/08/1999 |
Statuts mis à jour |
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18/08/1999 |
PV d'Assemblée |
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18/08/1999 |
Augmentation de Capital |
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18/08/1999 |
Conversion du Capital Social en Euros |
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17/08/1999 |
Augmentation de Capital |
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17/08/1999 |
PV d'Assemblée |
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17/08/1999 |
Nomination/démission des organes de gestion |
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17/08/1999 |
Statuts mis à jour |
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17/08/1999 |
Acte sous seing privé |
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31/12/1997 |
Statuts mis à jour |
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31/12/1997 |
Augmentation de Capital |
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31/12/1997 |
PV d'Assemblée |
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31/12/1997 |
Acte sous seing privé |
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12/12/1997 |
Nomination/démission des organes de gestion |
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12/12/1997 |
Modification du Conseil d'Administration |
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12/12/1997 |
PV d'Assemblée |
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12/12/1997 |
Acte sous seing privé |
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18/02/1997 |
Modification du Conseil d'Administration |
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18/02/1997 |
PV d'Assemblée |
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18/02/1997 |
Nomination/démission des organes de gestion |
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18/02/1997 |
Acte sous seing privé |
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15/03/1994 |
PV d'Assemblée |
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15/03/1994 |
Nomination/démission des organes de gestion |
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15/03/1994 |
Déclaration de conformité |
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15/03/1994 |
Cession de parts |
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15/03/1994 |
Transfert du Siège dans le ressort du Tribunal de Commerce |
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15/03/1994 |
Augmentation de Capital |
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15/03/1994 |
Acte modificatif |
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15/03/1994 |
Changement de Forme Juridique avec changement de catégorie |
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15/03/1994 |
Changement de Forme Juridique sans changement de catégorie |
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15/03/1994 |
Statuts mis à jour |
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15/03/1994 |
PV du Conseil d'Administration |
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31/01/1994 |
Déclaration de conformité |
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31/01/1994 |
Acte modificatif |
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31/01/1994 |
Statuts mis à jour |
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31/01/1994 |
Changement de date de clôture |
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31/01/1994 |
PV d'Assemblée |
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07/12/1992 |
Acte modificatif |
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07/12/1992 |
PV d'Assemblée |
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07/12/1992 |
Changement de date de clôture |
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07/12/1992 |
Statuts mis à jour |
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07/12/1992 |
Déclaration de conformité |
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Establishment events history |
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Date |
Description |
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22/02/2014 |
Update of phone numbers |
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19/09/2013 |
Update Rating |
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30/04/2013 |
Update Rating |
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02/01/2013 |
Update of phone numbers |
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01/12/2012 |
Update Rating |
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18/05/2012 |
Update of phone numbers |
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19/08/2010 |
Update Limit |
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25/07/2010 |
Update Limit |
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30/12/2009 |
Update Rating |
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21/12/2009 |
Update of phone numbers |
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20/11/2009 |
Update of phone numbers |
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22/10/2009 |
Update of phone numbers |
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29/05/2009 |
Update of phone numbers |
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30/04/2009 |
Update Rating |
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12/03/2009 |
Modification of Head office Identification |
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12/03/2009 |
Update of Establishment Address |
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11/12/2007 |
Update Limit |
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09/12/2007 |
Update Limit |
NOTES
& COMMENTS
Commentary
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The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision. |
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Financial statements overdue. The latest Creditsafe risk score has taken this into account, please contact Creditsafe with your latest financial statements if you want the risk score to be recalculated |
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Workforce size is in the average risk band |
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The company is 51 years old |
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Industry code with low risk rating |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.10 |
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1 |
Rs.99.85 |
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Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
-- |
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.