|
Report No. : |
327254 |
|
Report Date : |
19.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOTAL GAS AND POWER LTD |
|
|
|
|
Registered Office : |
33 Cavendish Square Wigopw Royaume-Uni |
|
|
|
|
Country : |
France |
|
|
|
|
Date of Incorporation : |
January 2001 |
|
|
|
|
Legal Form : |
Foreign Business not Registered with RCS (business and
companies Register) |
|
|
|
|
Line of Business : |
Transport via pipeline. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Economically stopped |
|
|
|
|
Payment Behaviour : |
-- |
|
|
Clear |
|
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 – 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 10.5% in 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 4.3% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 92% over the same period. 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 |
|
Name |
TOTAL
GAS AND POWER LTD |
||
|
Acronym |
- |
||
|
Trade name |
- |
||
|
Status |
Economically stopped (Insee) |
||
|
Postal Address |
TOTAL GAS AND POWER LTD |
||
|
Share Capital |
- |
||
|
Incorporiation Date |
- |
||
|
Activity (APE) |
Transport via
pipeline. (4950Z) |
RCS Registration |
- |
|
Formation Date |
01/2001 |
EUR VAT Number |
- |
|
Deregistration Date |
- |
Last account Date |
- |
|
Court Registry Number |
- |
Telephone |
- |
|
Registration Court |
- |
Fax |
- |
|
Nationality |
- |
||
|
Legal form |
Foreign Business not Registered with RCS (business and
companies Register) |
||
|
Currency |
- |
||
|
No identified director for this company |
|
This company is not under monitoring |
|
There are no trends available for a company |
|
Type of Establishment |
Single (translated to H) |
Production Role |
- |
|
APE/NAF Code |
4950Z |
Activity |
Transports par conduites |
|
Formation Date |
01/2001 |
Reason for Formation |
Formation |
|
Closure Date |
- |
Reason for Closure |
Other |
|
Reactivation Date |
- |
Seasonality |
- |
|
Activity Nature |
- |
Activity Location |
Other |
|
Trading Address |
33 CAVENDISH SQUARE |
Department |
- |
|
Location Surface |
- |
District |
- |
|
City |
WIGOPW |
Status |
Economically stopped (Insee) |
|
Business Pages FT® |
- |
Region |
Etranger |
|
Area |
- |
||
|
Size of Urban Area |
Establishment in a rural municipality |
|
Regionality |
Legal unit with all establishments in same area |
|
Mono-activity status |
Legal unit having all establishments with the same main
activity |
|
Branches |
0 branch entities in this company |
|
Company Name |
Company Type |
APE/NAF Code |
Activity |
City |
Post Code |
|
TOTAL GAS AND POWER LTD |
Head Office |
4950Z |
Transports par conduites |
WIGOPW |
|
Workforce at address |
Workforce unknown |
Company workforce |
0 employee |
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.
|
Economically Inactive company |
|
No judgment information for the company |
|
Status of collection |
This company is not under monitoring |
|
Status of collection |
This company is not under monitoring |
|
No group information available for the company |
No Shareholders available for this company
|
No Linkages information available for the company. |
|
No identified director for this company |
|
No data about previous directors is available for this
company |
|
Date |
Description |
|
30/08/2013 |
Economically stopped (Insee) |
|
No Gazette Publications |
|
Date |
Description |
|
02/10/2013 |
Update Rating |
|
30/08/2013 |
Activity absence of Company |
|
30/08/2013 |
Economical Suspension of Company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.100.99 |
|
Euro |
1 |
Rs.72.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.