MIRA INFORM REPORT

Report Date :

10.11.2014

IDENTIFICATION DETAILS

Name :	GROUPEMENT DACHAT SEBASTIANO

Registered Office :	91 Rue Frebault 97110 Pointe A Pitre France

Country :	Guadeloupe

Year of Establishment :	1965

Legal Form :	Limited Liability Company

Line of Business :	Wholesale (business to business) clothing and shoes.

No. of Employees :	12

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Guadeloupe

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and Address

Legal Name:	GROUPEMENT DACHAT SEBASTIANO
Trade Name:	GAS / SEBASTIANO
SIRET:	401 476 205
Date Created:	1965
Date Incorporated:	June 19, 1995
Legal Address:	91 Rue Frebault 97110 POINTE A PITRE France
Operative Address:	91 Rue Frebault 97110 POINTE A PITRE France
Telephone:	590-590824800
Fax:	590-590824800
Legal Form:	Limited Liability Company
Email:	NA
Registered in:	Guadeloupe
Website:	www.sebastiano.fr
Manager:	M. Jean-Jacques KARAM
Staff:	12
Activity:	Wholesale (business to business) clothing and shoes
Codes:	4642Z

BANKS

Name of the Bank:	BRED
The company does not make its banking information public.

HISTORY

The company was founded in 1995 by Mr Jean-Jacques Karam.

PRINCIPAL ACTIVITY

The company is a wholesaler and retailer of apparel and shoes. The company buys stocks to sell to all of Sebastiano's shops in Guadeloupe, Martinique and Guyane. The company also owns a retail shop. Sebastiano's brand actually represents 10 shops in french overseas territories.
Products/Services description:	pants shorts shirt dress shoes socks t-shirt jacket vest sweater coat skirt blouse jeans gloves purse
Brands:	SEBASTIANO
Sales are:	Wholesale & Retail
Clients:	Particulars
Suppliers:	French clothes manufacturers
Operations area:	National
The company imports from	France
The company exports to	No exports
The subject employs	12 employees
Payments:	Regular

LOCATION

Headquarters :	91 Rue Frebault 97110 POINTE A PITRE France
Branches:	Retail shop: Centre Commercial des Abymes - 97139 LES ABYMES Wholesale: Bd Marquisat de Houelbourg - 97122 BAIE MAHAULT
Business Overview:	Companies in this industry operate physical retail establishments that sell clothing and accessories. Personal income and fashion trends drive demand for clothing. The profitability of individual companies depends heavily on effective merchandising and marketing. Large companies can offer wide selections of clothing and have advantages in purchasing, distribution, and marketing. Small stores can compete by offering unique merchandise, targeting a specific demographic, providing superior customer service, or serving a local market. The clothing retail industry includes stores specializing in women's clothing (50 percent of industry revenue) or men's clothing (20 percent). Stores may also specialize in children's clothing (nearly 10 percent of sales) or accessories. Children's clothing stores include infant wear. Accessory stores may specialize in hats or caps, costume jewelry, gloves, handbags, ties, wigs, or belts. Within their specialty, stores typically sell a full range of items including clothing, outerwear, and underwear. Many clothing stores also sell shoes, accessories, makeup, and perfumes.

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:	NO
Capital:	EUR 142 500
Shareholders %:	The main shareholder is Mr. Jean Jacques KARAM
Management:	Mr. Jean Jacques KARAM, President
Related Companies:	No subsidiaries

FINANCIAL INFORMATION

This is aprivate company which does not make its financial figures public. The following information is estimated and could not be confirmed by the company.

USD 2013
Total Revenue	2 500 000
Operating Income	120 000
Net Income	120 000
Net Worth	1 100 000
Cash Flow	Normal

LEGAL FILINGS

There are no legal/criminal connected to the subject.

SUMMARY

The company is dedicated to the import, wholesale and retail of clothes and shoes.

It has 19 years of experience in the market with no negative.

It is active and is managed by its founder.

RISK INFORMATION

Status	Active
Payments	No Complaints
Cash	Normal
ADVISED CREDIT	USD 35 000
Indebtedness	Controlled

CALL

INTERVIEWEE	NA
POSITION	NA
COMMENTS	We have called the company several times always but reached the answering machine.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.52
UK Pound	1	Rs.97.39
Euro	1	Rs.76.16

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NIT

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%)

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