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Report No. : |
303018 |
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Report Date : |
22.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIL TOKI |
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|
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Registered Office : |
4 Rue De L'eglise, 64210 Guethary |
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|
|
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Country : |
France |
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|
|
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Financials (as on) : |
28.02.2014 |
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|
|
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Date of Incorporation : |
May 1997 |
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|
|
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Com. Reg. No.: |
RCS Bayonne 9 412 046 401 |
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|
|
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
Engaged in Wholesale business
of clothing and footwear |
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|
|
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No of Employees : |
11 (28.02.2014) |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dissolved |
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Payment Behaviour : |
--- |
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Litigation : |
--- |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
France |
a1 |
a1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 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 |