MIRA INFORM REPORT
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Report No. : |
309918.2 |
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Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
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Name : |
ABSYSS SIRET |
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Registered Office : |
15 A 17, 15 Bd Du General De Gaulle, 92120 Montrouge |
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Country : |
France |
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Date of Incorporation : |
February 1990 |
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Com. Reg. No.: |
B 353 281 561 |
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
Editing System
Software and Network |
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No. of Employees : |
20 to 49 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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France |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
NOTE
In absence of financials, no credit limit could be recommended.
REGISTERED
NAME & COMPANY SUMMARY
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company summary |
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CREDIT
RECOMMENDATION
Current Credit
Limit: No credit limit recommended.
DIRECTORS/MANAGEMENT
Directors
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Name |
M. RAULIC RICHARD |
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Manager position |
President |
Date of birth |
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Place of birth |
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Type |
Individual |
Name at birth |
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Previous Directors |
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NEGATIVE
INFORMATION
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judgements |
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Social security, pension funds preferential rights |
Tax office preferential rights Preferential rights details and history
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Group data |
SHARE
& SHARE CAPITAL INFORMATION
Shareholders
No Shareholders available for this company
PAYMENT
INFORMATION
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GROUP
STRUCTURE & AFFILIATED COMPANIES
Group Structure
No group information available for the company
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Linkages |
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No Linkages information available for the company |
FINANCIAL
INFORMATION
Financial statements overdue. The latest Creditsafe
risk score has taken this into account, please contact Creditsafe with your
latest financial statements if you want the risk score to be recalculated
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
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company details |
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event history |
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Company events history |
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Date |
Description |
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02/01/2008 |
Update of Company Activity |
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02/01/2008 |
Modification of Company Activity |
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08/02/2006 |
New legal form – no new category |
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08/02/2006 |
Capital increase |
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08/02/2006 |
Private document |
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08/02/2006 |
Minutes of general meeting of shareholders |
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08/02/2006 |
Updated articles of association |
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08/02/2006 |
Audit or Management Report |
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08/02/2006 |
Appointment/resignation of company officers |
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06/04/2002 |
Modification du Conseil d'Administration |
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06/04/2002 |
Acte sous seing privé |
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06/04/2002 |
Nomination/démission des organes de gestion |
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06/04/2002 |
PV du Conseil d'Administration |
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27/06/1997 |
Modification du Conseil d'Administration |
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27/06/1997 |
PV d'Assemblée |
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27/06/1997 |
Nomination/démission des organes de gestion |
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27/06/1997 |
Acte sous seing privé |
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27/06/1997 |
PV du Conseil d'Administration |
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07/04/1997 |
Transfert du Siège dans le ressort du Tribunal de Commerce |
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07/04/1997 |
Statuts mis à jour |
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07/04/1997 |
PV du Conseil d'Administration |
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07/04/1997 |
Acte sous seing privé |
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22/01/1997 |
Nomination/démission des organes de gestion |
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22/01/1997 |
PV d'Assemblée |
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22/01/1997 |
Statuts mis à jour |
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22/01/1997 |
Augmentation de Capital |
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22/01/1997 |
PV du Conseil d'Administration |
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22/01/1997 |
Acte sous seing privé |
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22/01/1997 |
Certificat de dépôt des fonds |
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18/04/1995 |
Nomination/démission des organes de gestion |
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18/04/1995 |
PV d'Assemblée |
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18/04/1995 |
Statuts mis à jour |
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18/04/1995 |
Changement de Forme Juridique sans changement de catégorie |
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18/04/1995 |
PV du Conseil d'Administration |
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07/03/1995 |
PV d'Assemblée |
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07/03/1995 |
Acte sous seing privé |
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07/03/1995 |
Cession de parts |
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07/03/1995 |
Statuts mis à jour |
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02/03/1995 |
Acte modificatif |
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31/12/1992 |
Statuts mis à jour |
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31/12/1992 |
Transfert du Siège dans le ressort du Tribunal de Commerce |
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31/12/1992 |
Déclaration de conformité |
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31/12/1992 |
PV d'Assemblée |
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31/12/1992 |
Augmentation de Capital |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.67 |
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1 |
Rs.93.16 |
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Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.