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MIRA INFORM REPORT

 

 

Report No. :

331652

Report Date :

20.07.2015

 

IDENTIFICATION DETAILS

 

Name :

P.B. FASHION DISTRIBUTION

 

 

Registered Office :

40 AV GEORGE V 75008 PARIS 8

 

 

Country :

France

 

 

Date of Incorporation :

May, 2012

 

 

Com. Reg. No.:

RCS Paris B 751 607 912

 

 

Legal Form :

Simplified Joint Stock Company with Single Associate

 

 

Line of Business :

Manufacture of outerwear

 

 

No. of Employee :

1 or 2 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 more than 84 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 increased by 0.4% in 2014. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.4% in the fourth quarter of 2014. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 24.3% in the fourth quarter of 2014. 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% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 95% in 2014, and may hit 100% by 2016. Elected on a conventionally leftist platform, President Francois HOLLANDE surprised and angered many supporters with a January 2014 speech announcing a sharp change in his economic policy, recasting himself as a liberalizing reformer. The government's budget for 2014 shifted the balance of fiscal consolidation from taxes to a total of $24 billion in spending cuts. In December 2014, HOLLANDE announced additional reforms, including a plan to extend commercial business hours, liberalize professional services, and sell off $6.2-12.4 billion in state owned assets. France’s tax burden remains well above the EU average and income tax cuts over the past decade are being partly reversed, particularly for higher earners. The top rate of income tax is 41%. The government is allowing a 75% payroll tax on salaries over $1.24 million to lapse.

Source : CIA

 

Company name and address

 

SIRET

751 607 912 00035

Name

KONICA MINOLTA, INC

Acronym

-

Trade name

-

Status

Economically active

Postal Address

P.B. FASHION DISTRIBUTION
40 AV GEORGE V
75008 PARIS 8

Share Capital

10,000 Euros

Incorporiation Date

05/2012

Activity (APE)

Manufacture of outerwear  (1413Z)

RCS Registration

RCS Paris B 751 607 912

Formation Date

05/2012

EUR VAT Number

FR63751607912

Deregistration Date

-

Last account Date

-

Court Registry Number

20 1 2B10737

Telephone

01 47 23 31 60

Registration Court

Paris (75)

Fax

-

Nationality

France

Safe Number

FR17639855

Legal form

Simplified Joint Stock Company with Single Associate

Currency

Euros

 

 

Directors

 

Current Directors

5

 

Preferential Right

This company is not under monitoring

 

Trends

There are no trends available for a company

 

 

Establishment Details

 

Type of Establishment

Head Office

Production Role

-

APE/NAF Code

1413Z

Activity

Manufacture of outerwear

Formation Date

04/2014

Reason for Formation

Formation

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

-

Activity Location

-

Trading Address

40 AVENUE GEORGE V
75008 PARIS 8

Department

-

Location Surface

-

District

-

City

PARIS 8

Status

Economically active

Business Pages FT®

-

Region

Ile-de-France

Area

-

Size of Urban Area

-

 

Other Establishment(s)

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Branches

2 branch entities in this company

 

Company Name

Company Type

APE/NAF Code

Activity

City

Post Code

P.B. FASHION DISTRIBUTION

Head Office

1413Z

Fabrication de vêtements de dessus

PARIS 8

75008

P.B. FASHION DISTRIBUTION

Branch

1413Z

Fabrication de vêtements de dessus

PARIS 8

75008

P.B. FASHION DISTRIBUTION

Branch

1413Z

Fabrication de vêtements de dessus

PARIS 16

75016

 

Workforces

Workforce at address

1 or 2 employees

Company workforce

Workforce unknown

 

Industry comparison

Activity (APE)

Fabrication de vêtements de dessus (1413Z)

 

Collective procedures

No judgment information for the company

 

Preferential rights details and history

Status of collection

This company is not under monitoring

 

Group Data

No group information available for the company

 

Shareholders

No Shareholders available for this company

 

Linkages

No Linkages information available for the company.

Shareholder(s)

 

Name

MENTION DEVELOPPEMENT

Name of representative

Manager position

President

Date of birth

-

Place of birth

Type

Moral person

Name at birth

Name

FVA AUDIT

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

Name

KPMG S.A.

Name of representative

Manager position

Statutory auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

Name

SALUSTRO REYDEL

Name of representative

Manager position

Deputy auditor

Date of birth

-

Place of birth

Type

Moral person

Name at birth

 

 

Director(s)

 

Name

M. LALBIE PASCAL

Manager position

Deputy auditor

Date of birth

25/10/1960

Place of birth

VILLENEUVE ST GEORGES (94190)

Type

Individual

Name at birth

 

Previous Directors

Manager position

Title and name

Date of Birth/Place of Birth

President

M. CHARBIT MAURICE

26/06/1949 - ALEXANDRIE(EGYPTE)

President

M. CHARBIT MAURICE

26/06/1949 - ALEXANDRIE(EGYPTE)

 

Status history

Date

Description

02/04/2014

Economically active

 

Recent publications in Gazettes

Publication date

Gazette Name

Description

04/07/2015

JAL

Appointment of the social representative

Affiches parisiennes (Les)


Date de décision : 26/06/2015
Société faisant l'objet d'une nomination : 751607912 - P.B. FASHION DISTRIBUTION, 40 AV GEORGE V, 75008 PARIS 8
Nominé : 752000596 - MENTION DEVELOPPEMENT, 40 AV GEORGE V, 75008 PARIS 8
En la fonction de : Président

04/04/2014

JAL

Head Office Transfer

Journal spécial des sociétés (Le)


Date de décision : 02/04/2014
Transfert du siège social de la société 751607912 -  P.B. FASHION DISTRIBUTION
Adresse du nouveau siège : 40 AVENUE GEORGE V, 75008 PARIS 08
Ancienne localisation : 23 BD DE BEAUSEJOUR, 75016 PARIS 16
Date d'effet : 02/04/2014

18/01/2013

JAL

Head Office Transfer

Journal spécial des sociétés (Le)


Date de décision : 15/01/2013
Transfert du siège social de la société 751607912 -  G.R. FASHION
Adresse du nouveau siège : 23 BOULEVARD DE BEAUSEJOUR, 75016 PARIS
Ancienne localisation : 21 RUE DE BERRI, 75008 PARIS 8
Date d'effet : 15/01/2013

 

 

Company events history

 

Date

Description

09/07/2015

New chairman (CEO, CoB)

09/07/2015

Minutes of general meeting of shareholders

09/07/2015

New auditor

26/06/2015

Legal Gazette: Appointment of the social representative

10/10/2014

New closing date

10/10/2014

Updated articles of association

10/10/2014

Amendment

04/04/2014

Registered office transferred inside jurisdiction of the Commercial Court

04/04/2014

New closing date

04/04/2014

Legal Gazette: Head Office Transfer

04/04/2014

Amendment

04/04/2014

Updated articles of association

02/04/2014

Transfer of Establishment

02/04/2014

Update of Company Head Office Identifier

22/03/2014

Update Rating

03/03/2014

Updated articles of association

03/03/2014

New company name

03/03/2014

Amendment

21/02/2013

Updated articles of association

21/02/2013

Registered office transferred inside jurisdiction of the Commercial Court

21/02/2013

Amendment

18/01/2013

Legal Gazette: Head Office Transfer

21/05/2012

Fund deposit certificate

21/05/2012

Articles of association

21/05/2012

Appointment/resignation of company officers

21/05/2012

Amendment

21/05/2012

New chairman (CEO, CoB)


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.49

UK Pound

1

Rs.99.43

Euro

1

Rs.69.14

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SDA

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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