MIRA INFORM REPORT

 

 

Report No. :

310363

Report Date :

11.03.2015

 

IDENTIFICATION DETAILS

 

Correct Name :

FONDATION MERIEUX

 

 

Registered Office :

17 Rue Bourgelat, 69002 Lyon 2eme

 

 

Country :

France

 

 

Date of Incorporation :

January 1900

 

 

Legal Form :

Foundation

 

 

Line of Business :

Engaged in Research and development in biotechnology

 

 

No of Employees :

10 to 19 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 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.

 

Source : CIA

 

 

Note:-

In the absence of financials, we could not Recommend Credit Limit.

 

 

Company summary

 

SIRET                                      308 718 816 00082

 

Company Name                        FONDATION MERIEUX

 

Type of Establishment             Head Office

 

 

Postal Address                         17 RUE BOURGELAT

69002 LYON 2EME

Telephone                                04 72 40 79 79

Fax                                           04 72 40 79 79

 

Incorporation   Date                 01/1900

 

APE/NAF Code                         7211Z

Activity (APE)                           Engaged in Research and development in biotechnology

 

Deregistration Date                   ----

EUR VAT Number                     FR72308718816

Legal form                               Foundation

Court Registry Number             ----

 

 

Directors

 

No identified director for this company

 

 

Preferential rights

 

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

7211Z

Activity

Engaged in Research and development in biotechnology

Formation Date

01/1900

 

Reason for Formation

Other

Closure Date

-

Reason for Closure

-

Reactivation Date

-

Seasonality

-

Activity Nature

---

Activity Location

Other

Trading Address

17 RUE BOURGELAT 69002 LYON 2EME

Department

Rhone (69)

Location Surface

-

District

1

City

LYON 2EME

Status

Economically active

Business Pages FT®

ASSOCIATIONS HUMANITAIRES, DENTRAIDE, DACTION SOCIALE

Region

Rhone-Alpes

 

 

Area

99

 

 

Size of Urban Area

Urban unit with 200 000 to 1 999 999 inhabitants

 

 

Other Establishment(s)

                 

Regionality

Legal unit with all establishments in same area

 

 

Mono-activity status

Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

 

 

 

 

Branches

2 branch entities in this company

 

 

 

 

Company Name

Company Type       APE/NAF

                                Code

Activity

City                      Post Code

FONDATION MERIEUX

Head Office                7211Z

Recherche-developpement en biotechnologie

LYON 2EME          69002

 

 

Recherche-developpement

 

FONDATION MERIEUX

Branch                         731Z

en sciences physiques et naturelles

VEYRIER DU LAC    74290

FONDATION MERIEUX

Branch                         7211Z

Recherche-developpement en biotechnologie

VENISSIEUX            69200

FONDATION MERIEUX

Branch                          7211Z

Recherche-developpement en biotechnologie

SAINT JULIEN        69640

 

 

Workforces              

 

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

 

 

Collective procedures

 

No judgment information for the company

 

 

Preferential rights details & 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

 

 

Current directors

 

No identified director for this company

 

 

Previous directors

 

No data about previous directors is available for this company

 

 

Status history

 

No Status History

 

 

Recent publications in Gazettes

 

Publication date                       Gazette Name                           Description

26/10/2004                                Bodacc A                                 Création d'établissement

 

RCS Lyon 453765828 A dater du: 1 e r juin 2004 RC 04-B 02350 LES PENSIERES. Forme : S.A.S. Capital : 2 310 000 euros. Adresse du siège social : 17 rue

 

Bourgelat, 69002 Lyon Etablissement principal: Activité : hébergement, fourniture de repas et de boissons du centre des Pensières. Adresse : 17 rue Bourgelat,

 

69002 Lyon Mise en activité suite à l'apport de l'établissement principal au montant évalué à 2 310 000 euros Date de début d'activité: 1 e r juin 2004. Précédent

 

propriétaire : FONDATION MERIEUX. RCS non inscrit. Publication légale: Les Affiches lyonnaises du 20 septembre 2004 déclaration de créances: au tribunal de

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.70

UK Pound

1

Rs.94.55

Euro

1

Rs.67.66

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

MNL

 

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.