MIRA INFORM REPORT

 

 

Report Date :

20.12.2007

 

IDENTIFICATION DETAILS

 

Name :

ACS DIFFUSION

 

 

Registered Office :

1 Rue De La Presse, 42000 St Etienne Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01 February 1994

 

 

Com. Reg. No.:

94B00109

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Wholesale of miscellaneous machinery for use in industry, trade and navigation

 

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

 

Maximum Credit Limit :

25000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear


name & address

 

ACS DIFFUSION

1 RUE DE LA PRESSE

42000 ST ETIENNE FR

Tel. Number       +33-4-77927788

Fax number       +33-4-77927778

 

 

Business founded

01 February 1994

Business registered

21 February 1994 - Public limited company (no information regarding quotation)

Registration number,

94B00109, SAINT-ETIENNE,

party identification,

394030183,

Legal form

Public limited company (no information regarding quotation)

Activities

Wholesale of miscellaneous machinery for use in industry, trade and navigation

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 25000 EUR is advised

 

The export volume in percentage of total sales for the company.  83,60

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Weak 

 

Profitability (balance sheet analysis) : Low 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 4

Total share capital31 December 2006

EUR 200000

Bank

CM AG BELLEVUE 42 ST ETIENE - LYONNAISE DE BANQUE - BNP   

Boardmembers

SALLOUM JOSEPH   President

Auditor

GRANET HERVE   Deputy auditor

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  No (Property) 

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 2.967.200,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.265.567,-

Total fixed assets

32.152,-

Total intangible fixed assets

688,-

Concessions and industrial rights, goodwill

688,-

Total tangible fixed assets

25.842,-

Total financial fixed assets

5.621,-

Investments (long-term)

991,-

Total Current assets

1.233.416,-

Inventories and work in progress (incl. prepayments)

325.548,-

Accounts receivable (trade)

759.010,-

Cash in hand and at bank

55.433,-

Total accrued income and prepaid expenses

2.248,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.265.567,-

Total equity (Shareholders' funds)

491.068,-

Issued (subscribed) capital

200.000,-

Legal reserves

20.000,-

Profit or loss for the previous year

103.033,-

Profit or loss for the financial year

63.332,-

Total liabilities

774.500,-

Total long-term liabilities

25.429,-

Long-term Loans, Mortgage debts

11.368,-

Long-term liabilities to credit institutions

14.061,-

Total current liabilities

749.071,-

Current accounts payable (trade)

634.869,-

Income and social tax liabilities

65.810,-

Borrowing ratio

157,72 %

Current ratio

164,66 %

Debt gearing

5,18 %

Profit margin.

2,11 %

Quick ratio

121,20 %

Return on assets

4,94 %

Return on equity.

12,90 %

Solidity or equity ratio

38,80 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Total operating income/revenue

3.004.998,-

Main revenue (sales/turnover)

2.967.200,-

Total operating expenses

2.942.486,-

Cost of materials (type of expenditure format)

2.333.277,-

Personnel costs

206.958,-

Depreciation

10.420,-

Operating profit or loss

62.512,-

Financial income

12,-

Financial expenses

3.273,-

Result of ordinary operations

59.251,-

Extraordinary income

12.255,-

Extraordinary expenses

7.400,-

Extraordinary result

4.855,-

Pre-tax and pre-appropriation profit or loss

59.251,-

Taxes

773,-

Net profit or loss

63.332,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 2.835.090,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

875.921,-

Total fixed assets

39.572,-

Total intangible fixed assets

1.241,-

Concessions and industrial rights, goodwill

1.241,-

Total tangible fixed assets

32.709,-

Total financial fixed assets

5.621,-

Investments (long-term)

991,-

Total Current assets

836.349,-

Inventories and work in progress (incl. prepayments)

397.995,-

Accounts receivable (trade)

307.949,-

Cash in hand and at bank

57.571,-

Total accrued income and prepaid expenses

1.884,-

Total equity, provisions, liabilities, accrued expenses and deferred income

875.921,-

Total equity (Shareholders' funds)

497.735,-

Issued (subscribed) capital

200.000,-

Legal reserves

20.000,-

Profit or loss for the previous year

103.967,-

Profit or loss for the financial year

103.033,-

Total liabilities

378.186,-

Total long-term liabilities

32.111,-

Long-term Loans, Mortgage debts

8.425,-

Long-term liabilities to credit institutions

23.686,-

Total current liabilities

346.074,-

Current accounts payable (trade)

159.982,-

Income and social tax liabilities

53.151,-

Borrowing ratio

75,98 %

Current ratio

241,67 %

Debt gearing

6,45 %

Profit margin.

4,37 %

Quick ratio

126,66 %

Return on assets

14,15 %

Return on equity.

20,70 %

Solidity or equity ratio

56,82 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Total operating income/revenue

2.841.120,-

Main revenue (sales/turnover)

2.835.090,-

Total operating expenses

2.717.144,-

Cost of materials (type of expenditure format)

1.593.997,-

Personnel costs

163.969,-

Depreciation

11.490,-

Operating profit or loss

123.976,-

Financial income

117,-

Financial expenses

8.202,-

Result of ordinary operations

115.891,-

Extraordinary expenses

1.084,-

Extraordinary result

-1.084,-

Pre-tax and pre-appropriation profit or loss

115.891,-

Taxes

11.774,-

Net profit or loss

103.033,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 1.606.201,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.181.182,-

Total fixed assets

27.572,-

Total intangible fixed assets

387,-

Concessions and industrial rights, goodwill

387,-

Total tangible fixed assets

21.564,-

Total financial fixed assets

5.621,-

Investments (long-term)

991,-

Total Current assets

1.153.610,-

Inventories and work in progress (incl. prepayments)

870.642,-

Accounts receivable (trade)

95.818,-

Cash in hand and at bank

118.318,-

Total accrued income and prepaid expenses

674,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.181.182,-

Total equity (Shareholders' funds)

454.702,-

Issued (subscribed) capital

200.000,-

Legal reserves

20.000,-

Profit or loss for the financial year

103.967,-

Total liabilities

726.480,-

Total long-term liabilities

19.669,-

Long-term Loans, Mortgage debts

5.119,-

Long-term liabilities to credit institutions

14.550,-

Total current liabilities

706.811,-

Current accounts payable (trade)

616.317,-

Income and social tax liabilities

47.918,-

Borrowing ratio

159,77 %

Current ratio

163,21 %

Debt gearing

4,33 %

Profit margin.

7,62 %

Quick ratio

40,03 %

Return on assets

10,36 %

Return on equity.

22,86 %

Solidity or equity ratio

38,50 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Total operating income/revenue

1.621.566,-

Main revenue (sales/turnover)

1.606.201,-

Total operating expenses

1.499.162,-

Cost of materials (type of expenditure format)

1.607.091,-

Personnel costs

159.579,-

Depreciation

16.438,-

Operating profit or loss

122.404,-

Financial income

5,-

Financial expenses

2.291,-

Result of ordinary operations

120.118,-

Extraordinary expenses

5.177,-

Extraordinary result

-5.177,-

Pre-tax and pre-appropriation profit or loss

120.117,-

Taxes

10.974,-

Net profit or loss

103.967,-

 

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.

 

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

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions