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Report Date : |
05.05.2014 |
IDENTIFICATION DETAILS
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Name : |
DAT-ARBANTIS |
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Registered Office : |
La Bastide Melanie Chemin, Lot La Marteliere, 13100 Le Tholonet |
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Country : |
France |
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Date of Incorporation : |
July, 2013 |
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Legal Form : |
Sole proprietorship Ltd |
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Line of Business : |
Subject is engaged in the Wholesale (intercompany trade) waste and scrap |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New company |
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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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
NNA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.