MIRA
INFORM REPORT
|
Report Date : |
17th
November, 2006 |
IDENTIFICATION
DETAILS
|
Correct Name : |
SENIOR & COMPAGNIE |
|
|
|
|
Registered Office : |
155 - 159 Rue du Docteur Bauer 93585 ST OUEN CEDEX (SEINE-SAINT DENIS) |
|
|
|
|
Country : |
France |
|
|
|
|
Date of Incorporation : |
1973 |
|
|
|
|
Legal Form : |
Joint-stock
company |
|
|
|
|
Line of Business : |
Specialized
mail order |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Company name & Address
SENIOR & COMPAGNIE
Trading name : VPC PROMOTION BLEU CLAIR CLUB SENIOR MODE SENIOR
VPC SENIOR
Address (Head office) : 155 - 159 Rue du Docteur Bauer 93585
ST OUEN CEDEX (SEINE-SAINT-
DENIS)
Telephone :
01 49 48 80 80
Fax
: 01 49 48 80 90
Legal form
5710
- Simplified joint-stock company
Registration date
1973
Share capital
168 thousand
Euros
RC Number
91B00443
Activity
526B
- Specialized mail order
Staff
321
Number of branches
2
Trading category
Direct
owner-operator
Banks
VERNES
HOCHE ET WORMS 75 PARIS, SG Agence PLEYEL 93 ST DENIS CDN 59 ROUBAIX - BNP
MAIN DIRECTORS
Chairman
of the Board of Directors MONIEZ Jacques
born
on 02/04/1949 in ROUBAIX (59)
Economic
interest group member VAD
HOLDING
represented
by VITTU Thierry
Economic
interest group member 3
SUISSES INTERNATIONAL
represented
by GAIN Annie
Auditorship
Titular
auditor KPMG
Titular
auditor ACEA
Substitute
auditor BMD
ASSOCIES
Substitute
auditor SCP
DE COMMISSAIRES AUX COMPTES JEAN CLAUDE ANDRE ET AUTRES
SHAREHOLDERS & STAKES
Registered
shareholder(s) 1
477 180 467
- 3 SUISSES INTERNATIONAL
=> 100,00%
Registered
stake(s) None
REVIEW OF BODACC INCIDENTS
08/01/2006 transfer
of auditor
29/01/2004 modification
of the representatives
03/12/2003 modification
of the representatives
03/12/2003 transfer
of auditor
19/11/2003 modification
of the representatives
FINANCIAL DETAILS
|
|
31/12/2003 |
31/12/2004 |
31/12/2005 |
||||
|
|
over 12 months |
over 12 months |
over 12 months |
||||
|
|
KE |
% |
KE |
% |
KE |
% |
|
Turnover |
83 399 |
2,15 |
87 820 |
5,30 |
88 166 |
0,39 |
|
Export turnover |
7 775 |
26,23 |
8 715 |
12,09 |
9 421 |
8,11 |
|
Earnings before tax |
3 917 |
14,78 |
5 551 |
41,72 |
3 881 |
-30,08 |
|
Net income |
2 162 |
-0,97 |
3 200 |
48,03 |
2 482 |
-22,45 |
|
Equity |
7 896 |
11 023 |
4 558 |
|
Total debts |
21 608 |
18 225 |
16 799 |
|
Working capital |
10 341 |
10 806 |
4 400 |
|
Supplier credit |
7 918 |
7 669 |
7 431 |
|
Total purchase |
67 713 |
69 355 |
73 158 |
RATIOS
|
|
31/12/2003 |
31/12/2004 |
31/12/2005 |
|
Turnover growth (%) |
2,15 |
5,30 |
0,39 |
|
Total assets turnover (Number) |
2,7 |
2,84 |
3,87 |
|
Net income (T.O. %) |
2,59 |
3,64 |
2,81 |
|
Cash flow (T.O. %) |
9,15 |
10,20 |
6,07 |
|
Supplier credit (Purch. days excl. of
tax) |
35,2 |
33,28 |
30,57 |
|
Accounts receivables (T.O. days) |
38,38 |
20,34 |
24,19 |
|
Interest expenses / EBIT (%) |
5,13 |
1,27 |
0,73 |
|
Wages (%) |
14,05 |
13,77 |
13,17 |
The 2005 turnover of 88
166 thousand Euros (over a period of 12 months) denotes an increase of 0,39 %
compared to the previous financial year.
From
it can be drawn a net income of 2 482 thousand Euros falling by -22,45 % during
the period concerned.
The
total of the balance sheet of 22 804 thousand Euros is composed of up to 6,64 %
of the fixed assets and up to 93,25 % of the circulating assets.
The
turnover of 3,87 assets is rising relative to the financial year.
With
financial independence of 19,99 % the company has global liabilities amounting
to 16 799 thousand Euros, with financial debts representing 13,77 % of all
liabilities.
They
generate financial costs of up to 0,73 % of the EBITDA (Earning Before
Interest, Taxes, Depreciation & Amortisation).
The
self-financing capacity is of 5 354 thousand Euros, i.e. 6,07 % of the
turnover.
Auditor's opinion
Approved
without reservations or observations for the financial year
ending 31/12/2005
LEGAL PROCEEDINGS
None
DEVELOPMENT OF COMMERCIAL RISK
November 2006 Average
risk
May 2006 No
or almost no risk
November 2005 No
or almost no risk
May 2005 Average
risk
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|