MIRA
INFORM REPORT
|
Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
SOCIETE INTER INOX |
|
|
|
|
Registered Office : |
7 Mal Delattre De Tassigny 69330
Meyzieu (Rhone) |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
01.01.1978 |
|
|
|
|
Com. Reg. No.: |
78B01272 |
|
|
|
|
Legal Form : |
Limited
company |
|
|
|
|
Line of Business : |
Wholesale
of hardware |
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 : |
80 000 E |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company Name
SOCIETE INTER INOX
Address (Head office)
7 Mal DELATTRE DE TASSIGNY 69330
MEYZIEU (RHONE)
Telephone : 04 72 45 28 70
Fax : 04 72 45 28 90
Legal form
5499 -
Limited company
Registration date
01
january 1978
Share capital
1 200 thousand
Euros
RC Number
78B01272
Activity
515H -
Wholesale of hardware
Staff
60
Number of branches
6
Trading category
Direct
owner-operator
Banks
BANQUE DE
SAVOIE AGENCE QUINET 69 LYON BP, BP 69 MEYZIEU - Lyonnaise de Banque - BNP SAN
PAOLO
MAIN DIRECTORS
|
Manager |
LEYNAUD Jean-Louis |
|
|
born on 22/08/1955 in CANNES (06) |
Auditorship
|
Titular
auditor |
BERLIOZ JACQUES SARL |
|
Substitute
auditor |
REBATTU Christian |
SHAREHOLDERS & STAKES
|
Registered shareholder(s) |
1 |
|
|
|
E00511061 - WURTH HOLDING GMBH ALLEMAGNE =>
100,00% |
|
|
|
||
|
Registered stake(s) |
None |
|
REVIEW OF BODACC INCIDENTS
|
08/04/2005 |
modification of registered capital |
|
16/01/2003 |
modification of the representatives |
|
21/03/2002 |
modification of registered capital |
|
01/05/1999 |
modification of the representatives |
|
01/04/1999 |
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 |
9 336 |
NC |
11 853 |
26,95 |
13 337 |
12,52 |
|
Export
turnover |
0 |
NC |
390 |
NC |
350 |
-10,16 |
|
Earnings
before tax |
-946 |
NC |
113 |
NC |
105 |
-6,94 |
|
Net
income |
-893 |
NC |
82 |
NC |
112 |
35,95 |
|
Equity |
-795 |
1 287 |
1 399 |
|
Total
debts |
6 221 |
5 656 |
5 372 |
|
Working
capital |
-1 139 |
938 |
967 |
|
Supplier
credit |
1 051 |
1 640 |
2 229 |
|
Total
purchase |
7 350 |
9 517 |
9 742 |
RATIOS
|
|
31/12/2003 |
31/12/2004 |
31/12/2005 |
|
Turnover
growth (%) |
NC |
26,95 |
12,52 |
|
Total
assets turnover (Number) |
1,71 |
1,69 |
1,96 |
|
Net
income (T.O. %) |
-9,57 |
0,69 |
0,84 |
|
Cash
flow (T.O. %) |
-6,98 |
0,70 |
0,88 |
|
Supplier
credit (Purch. days excl. of tax) |
43,05 |
51,87 |
68,88 |
|
Accounts
receivables (T.O. days) |
85,81 |
91,23 |
80,43 |
|
Interest
expenses / EBIT (%) |
-24,10 |
63,32 |
37,62 |
|
Wages
(%) |
27,61 |
22,42 |
20,26 |
The
2005 turnover of 13 337 thousand Euros (over a period of 12 months) denotes an
increase of 12,52 % compared to the previous financial year.
From it can be drawn a net
income of 112 thousand Euros rising by 35,95 % during the period concerned.
The total of the balance
sheet of 6 811 thousand Euros is composed of up to 9,83 % of the fixed assets
and up to 86,41 % of the circulating assets.
The turnover of 1,96 assets
is rising relative to the financial year.
With financial independence
of 20,54 % the company has global liabilities amounting to 5 372 thousand
Euros, with financial debts representing 35,44 % of all liabilities.
They generate financial costs
of up to 37,62 % of the EBITDA (Earning Before Interest, Taxes, Depreciation
& Amortisation).
The self-financing capacity
is of 117 thousand Euros, i.e. 0,88 % 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
February 2007 Average risk
August 2006 Average risk
February 2006 Average risk
August 2005 Average risk
OPINION
|
Last update |
13 january 2007 |
|
SEREFAC guarantee |
Yes |
|
|
|
|
Financial structure |
good |
|
Cash |
limited |
|
Profitability |
mediocre |
|
Commitments |
respected |
|
Payments |
regular |
|
Defaults |
none |
|
Subject history |
normal |
|
|
|
|
Credit limit |
80 000 E |
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 |
|