MIRA
INFORM REPORT
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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
PRIME |
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Registered Office : |
47 Rue Pierre Curie, 93120 La Courneuve |
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Country : |
France |
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Date of Incorporation : |
01/2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler (Intercompany trade) of textiles (4641Z) |
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No of Employees : |
0 |
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 (30.09.2013) |
Current Rating (01.12.2013) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
REGISTERED NAME & COMPANY SUMMARY
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company summary |
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Company details |
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Activity (APE) |
Wholesaler (Intercompany trade) of textiles (4641Z) |
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RCS Registration |
RCS Bobigny 1 539 508 010 |
Share capital |
15,000 Euros |
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Registration Court |
Bobigny (93) |
Legal form |
Limited Liability Company |
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Court Registry Number |
20 1 2B00726 |
EUR VAT Number |
FR84539508010 |
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Incorporation Date |
01/2012 |
Formation Date |
01/2012 |
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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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Activity (APE) |
Wholesaler (Intercompany trade) of textiles (4641Z) |
Business Pages FT® |
TISSUS (GROS) |
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Postal Address |
PRIME |
Trading Address |
47 RUE PIERRE CURIE |
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Telephone |
01 48 34 15 49 |
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Fax |
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Type |
Head office (one site company) |
Status |
Economically active |
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Formation Date |
01/2012 |
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 |
Wholesale or intermediary of trade |
Activity Location |
Deposit, warehouse |
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Location surface |
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Seasonality |
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Department |
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Region |
Ile-de-France |
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District |
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Area |
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City |
LA COURNEUVE |
Size of urban area |
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Other establishments |
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Branches |
1 branch entities in this company |
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Head office |
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Secondary establishments |
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Regionality |
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Mono-activity status |
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Workforces |
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Workforce at address |
0 employee |
Company workforce |
0 employee |
DIRECTORS/MANAGEMENT
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Current Directors |
1 |
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directors |
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Previous
Directors |
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NEGATIVE INFORMATION
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judgments |
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SHARE & SHARE CAPITAL INFORMATION
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Share capital |
15,000 Euros |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED COMPANIES
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Group data |
Group Structure
No group information available for the company Shareholders
No Shareholders
available for this company |
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Linkages |
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No Linkages
information available for the company |
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
This company is not under monitoring
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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The company is less
than 2 years old |
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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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Industry code with low
risk rating |
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Low risk workforce size |
Rating and Limit history
There is no rating and limit history available for this company.
Social security, pension funds preferential
rights | Tax office preferential rights
Preferential rights details and history
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Status of collection |
This company is not under monitoring |
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event history |
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NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 58.48 |
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1 |
Rs. 98.67 |
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Euro |
1 |
Rs. 79.80 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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.