MIRA INFORM REPORT
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Report
Date : |
20th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE DE DIFFUSION DU DIAMANT SDD |
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Registered
Office : |
47 Rue du Fbourg Montmartre 75009 Paris (PARIS),
France |
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Date
of Incorporation : |
01.01.1971 |
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Com.
Reg. No.: |
71B06391 |
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Legal
Form : |
Joint-Stock Company |
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Line
of Business : |
Wholesale of other household good. |
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 |
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Maximum
Credit Limit : |
100 000 E |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
RCS 712 063 916 - NIC
00027
NAME
SOCIETE
DE DIFFUSION DU DIAMANT SDD
Acronym
SDD
Address (Head office)
47 Rue du
Fbourg Montmartre 75009 PARIS (PARIS)
Telephone
: 01 45 23 19 72
SUMMARY
|
Legal form |
5710 - Simplified joint-stock company |
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Registration date |
01 january 1971 |
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Share capital |
165 thousand Euros |
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RC Number |
71B06391 |
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Activity |
514S - Wholesale of other household good |
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Staff |
2 |
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Number of branches |
1 |
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Trading category |
Direct owner-operator |
|
Banks |
NSM PARIS |
MAIN DIRECTORS
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Chairman |
BLOCH Philippe John |
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born on 06/09/1938 in SURESNES (92) |
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General manager |
GROSPIRON Gerard Alphonse |
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born on 24/01/1937 in PARIS 12 (75) |
Auditorship
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Titular auditor |
BH CONSEILS |
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Substitute auditor |
TOUCHAIS Philippe |
REVIEW OF BODACC INCIDENTS
|
13/08/2003 |
modification of the representatives |
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13/12/2001 |
modification of registered capital |
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13/12/2001 |
modification of the representatives |
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13/12/2001 |
modification of the legal status |
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30/09/2001 |
modification of the representatives |
FINANCIAL DETAILS
|
|
31/03/2004 |
31/03/2005 |
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over 12 months |
over 12 months |
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|
KE |
% |
KE |
% |
|
Turnover |
13 475 |
NC |
11 829 |
-12,21 |
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Export turnover |
1 843 |
NC |
758 |
-58,88 |
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Earnings before tax |
67 |
NC |
153 |
127,60 |
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Net income |
64 |
NC |
107 |
65,94 |
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Equity |
2 727 |
2 788 |
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Total debts |
3 128 |
3 881 |
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Working capital |
2 791 |
2 795 |
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Supplier credit |
1 887 |
1 265 |
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Total purchase |
12 214 |
12 190 |
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RATIOS |
31/03/2004 |
31/03/2005 |
MEDIAN |
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Turnover growth (%) |
NC |
-12,21 |
7,68 |
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Total assets turnover (Number) |
2,27 |
1,77 |
1,99 |
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Net income (T.O. %) |
0,48 |
0,90 |
1,97 |
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Cash flow (T.O. %) |
0,95 |
0,54 |
3,33 |
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Supplier credit (Purch. days excl. of tax) |
46,5 |
31,25 |
58,85 |
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Accounts receivables (T.O. days) |
62,69 |
85,04 |
61,77 |
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Interest expenses / EBIT (%) |
105,63 |
199,85 |
11,10 |
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Wages (%) |
0,00 |
0,00 |
10,34 |
The 2005 turnover of 11 829
thousand Euros (over a period of 12 months) denotes a decrease of -12,21 %
compared to the previous financial year, inferior to the average growth in the
sector (7,68 %).
From it can be drawn a net
income of 107 thousand Euros rising by 65,94 % during the period concerned.
The total of the balance
sheet of 6 676 thousand Euros is composed of up to 0,00 % of the fixed assets
and up to 99,85 % of the circulating assets.
The turnover of 1,77 assets
is falling relative to the financial year; this turnover is below the average
of 1,99.
With financial independence
of 41,76 % the company has global liabilities amounting to 3 881 thousand
Euros, with financial debts representing 36,92 % of all liabilities.
They generate financial costs
of up to 199,85 % of the EBITDA (Earning Before Interest, Taxes, Depreciation
& Amortisation), compared to a sector-based average of 11,10 %.
The self-financing capacity
is of 64 thousand Euros, i.e. 0,54 % of the turnover for an average of 3,33 %.
Auditor's opinion
|
approved without reservations or observations for
the financial year ending 31/03/2005 |
LEGAL PROCEEDINGS
|
|
None |
DEVELOPMENT OF COMMERCIAL RISK
|
february 2006 |
Average risk |
|
august 2005 |
Average risk |
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february 2005 |
Average risk |
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august 2004 |
Average risk |
OPINION
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SEREFAC guarantee |
No |
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Financial structure |
balanced |
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Cash |
limited |
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Profitability |
mediocre |
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Commitments |
respected |
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Payments |
regular |
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Defaults |
none |
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Subject history |
normal |
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Credit limit |
100 000 E |
RATING EXPLANATIONS
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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |