MIRA INFORM REPORT

Report No. :	504505
Report Date :	21.04.2018

IDENTIFICATION DETAILS

Name :	ASCOMETAL FOS-SUR-MER S.A.S

Registered Office :	Ascometal Fos Sur Mer S A S Usine De Fos Sur Mer Zone Industrielle Le Ventillon Route Nationale 568 13270 Fos Sur Mer

Country :	France

Date of Incorporation :	January 2018

Legal Form :	Simplified Joint Stock Company with Single Associate

Line of Business :	Steel industry

No. of Employees :	250 to 499

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

France

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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. France is the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 visitors for the 2016 Euro Cup. 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 grew by 1.6% in 2017, up from 1.2% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.5% in 2017. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

France’s public finances have historically been strained by high spending and low growth. Despite measures to restore public finances, the budget deficit rose from 3.3% of GDP in 2008 to 7.5% of GDP in 2009. In 2017, the budget deficit improved to 2.9% of GDP, bringing it in compliance with the EU-mandated 3% deficit target. Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 96.9% in 2017.

Since entering office in May 2017, President Emmanuel MACRON launched a series of economic reforms to improve competitiveness and boost economic growth. President MACRON campaigned on reforming France’s labor code and in late 2017 implemented a range of reforms to increase flexibility in the labor market by making it easier for firms to hire and fire and simplifying negotiations between employers and employees. In addition to labor reforms, President MACRON’s proposed 2018 budget cuts public spending, taxes, and social security contributions to spur private investment and increase purchasing power.

Source : CIA

Company summery

SIRET	834 895 591 00024
Name	ASCOMETAL FOS-SUR-MER S.A.S
Acronym	-
Trade name	-
Status	Economically active
Postal Address	ASCOMETAL FOS SUR MER S A S USINE DE FOS SUR MER ZONE INDUSTRIELLE LE VENTILLON ROUTE NATIONALE 568 13270 FOS SUR MER FRANCE
Share Capital	1,000 Euros
Telephone	-
Activity (APE)	Steel industry (2410Z)	RCS Registration	RCS Salon B 834 895 591
Formation Date	01/2018	EUR VAT Number	FR24834895591
Deregistration Date	-	Last account Date	-
Court Registry Number	20 1 8B00146	Incorporiation Date	01/2018
Registration Court	Salon (13)	Fax	-
Nationality	France	Legal form	Simplified Joint Stock Company with Single Associate
		Legal form	Simplified Joint Stock Company with Single Associate
		Currency	Euros

Directors

Current Directors

Judgment and Preferential

Judgment	No judgement
Preferential Right	Waiting the Court answer to collect preferential rights for this company

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	2410Z	Activity	Steel industry
Formation Date	02/2018	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	Manufacture, production	Activity Location	Plant
Trading Address	ZI DU VENTILLON 13270 FOS SUR MER	Department	Bouches-du-Rhône (13)
Location Surface	-	District	4
City	FOS SUR MER	Status	Economically active
Business Pages FT®	-	Region	Côte d'Azur
		Area	10
		Size of Urban Area	Urban unit with 200 000 to 1 999 999 inhabitants

Other Establishment(s)

Regionality	-
Mono-activity status	-
Branches	1 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
ASCOMETAL FOS-SUR-MER S.A.S	Head Office	2410Z	Steel industry	FOS SUR MER	13270
ASCOMETAL FOS-SUR-MER S.A.S	Branch	2410Z	Steel industry	UGINE	73400

Workforces

Workforce at address	250 to 499 employees	Company workforce	250 to 499 employees
		Workforce account	-

Commentary

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.


	Newly established company
	Between 10 and 499 employees

Industry comparison

Activity (APE)

Steel industry (2410Z)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	01/03/2018
Status of Monitoring	Waiting the Court answer to collect preferential rights for this company

Group Data

No group information available for the company

Linkages

No Linkages information available for the company.

Shareholder(s)

Name	SCHMOLZ+BICKENBACH AG
Name of representative	M WELLHAUSEN MATTHIAS JÜRGEN
Manager position	President			Date of birth		05/08/1957
Place of birth	BREMEN(ALLEMAGNE)
Type	Moral person			Name at birth

Name		PROVEHO
Name of representative
Manager position		Managing director	Date of birth		-
Place of birth
Type		Moral person	Name at birth

Statutory Auditor

Name	ERNST & YOUNG ET AUTRES
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Previous Directors

No data about previous directors is available for this company

Status history

Date	Description
01/02/2018	Economically active

Recent publications in Gazettes

	Publication date	Gazette Name	Description
	28/03/2018	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE SALON-DE-PROVENCE 165 - 834 895 591 RCS Salon-de-Provence. ASCOMETAL FOS-SUR-MER S.A.S. Forme : Société par actions simplifiée. Activité : . Adresse de l’établissement principal : Zone Industrielle du Ventillon Usine de Fos-sur-Mer, 13270 Fos-sur-Mer. Adresse du siège social : Zone Industrielle du Ventillon Usiné de Fos-sur-Mer, 13270 Fos-sur-Mer. Commentaires : Modification survenue sur la dénomination et transfert du siège social, transfert de l'établissement principal.
	14/02/2018	JAL	Head Office Transfer
TPBM - Semaine de Provence Date de décision : 05/02/2018 Transfert du siège social de la société 834895591 - SCHMOLZ+BICKENBACH FRANCE FOS-SUR-MER Adresse du nouveau siège : ZL DU VENTILLON, 13771 FOS SUR MER CEDEX Ancienne localisation : ZI DU VENTILLON, USINE DE FOS SUR MER, 13270 FOS SUR MER
	31/01/2018	Bodacc A	Création d'établissement
73 - SAVOIE GREFFE DU TRIBUNAL DE COMMERCE DE CHAMBÉRY 1242 - 834 895 591 RCS Chambery. SCHMOLZ + BICKENBACH FRANCE FOS-SUR-MER. Forme : Société par actions simplifiée à associé unique. Administration : Président : SCHMOLZ+BICKENBACH AG représenté par WELLHAUSEN Matthias Jürgen ; Représentant : PHILIPPI Johann Henrik ; Représentant : GEIGER Florian Hellmuth Tsu-Tschien ; Représentant : HENRY David Pierre ; Commissaire aux comptes titulaire : ERNST & YOUNG et Autres. Capital : 1000 EUR. Adresse : avenue Paul Girod, 73400 Ugine. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : la fabrication, la transformation et le commerce de tous produits sidérurgiques et notamment d'acier spéciaux de construction, l'étude et la réalisation de toutes installations industrielles et de tous travaux publics. Adresse : . Date de commencement de l’activité : 18/01/2018. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
01/03/2019	Waiting the Court answer to collect preferential rights for this company
28/03/2018	Bodacc B: Various editing or changing
28/03/2018	Changes to the Board of Directors
28/03/2018	Amendment
06/03/2018	Amendment
06/03/2018	New company name
06/03/2018	Registered office transferred outside jurisdiction of the Commercial Court
06/03/2018	Updated articles of association
01/03/2018	Collection of preferential rights activated for this company
15/02/2018	Amendment
15/02/2018	Extension of term
15/02/2018	Updated articles of association
14/02/2018	Legal Gazette: Head Office Transfer
05/02/2018	Update of Company Head Office Identifier
05/02/2018	Update of Company Name
31/01/2018	Bodacc A : Establishment creation
24/01/2018	Articles of association
24/01/2018	Company formation
24/01/2018	Fund deposit certificate
24/01/2018	New auditor
24/01/2018	New chairman (CEO, CoB)

Establishment events history

Date	Description
05/02/2018	Modification of Head office (after transfer)
05/02/2018	Update of Establishment Address
01/02/2018	Formation of Establishment

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.02
UK Pound	1	INR 92.73
Euro	1	INR 81.46
Euro	1	INR 81.34

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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