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Coface

Coface
12 cours Michelet
La Defense 10
Puteaux
France
Fax: 33-14-9022741
www.coface.com

Company Overview

Coface (Coface) is a French financial service providing company. The company provides business-to-business trade services for various clients to manage finance and protect their receivables worldwide. The company offers a range of services comprising credit information, such as confidential information, marketing information, business report and rating services; receivables management services by managing and collecting commercial receivables and invoices; credit insurance services, which allows clients to optimize cash flows requirements, reduce the cost of bad debts, lower bad debt provision, increase the focus on core business, and protect the balance sheet; and receivables finance, including factoring and securization services. It also provides guarantee insurance, and public procedures management for export guarantees given by the French State. The company has its operations in North America, Europe, Latin America, Africa, Middle East and Asia Pacific. The company is headquartered at Puteaux, France and employs about 4,883 people. The company operates through several subsidiaries in about 60 countries. The company recorded revenues of €1,432.58 million during the fiscal year ended December 2007, an increase of 6.7% over 2006. The operating loss of the company was €904.35 million during the fiscal year 2007, as compared to an operating loss of €833.11 million during 2006. The net profit of the company was €163.50 million during the fiscal year 2007, an increase of 42.7% over 2006.

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