MIRA
INFORM REPORT
|
Report Date : |
13.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE DE DIFFUSION DU DIAMANT SDD |
|
|
|
|
Registered Office : |
47 Rue du Fbourg Montmartre 75009
Paris ( |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
01
January 1971 |
|
|
|
|
Com. Reg. No.: |
71B06391 |
|
|
|
|
Legal Form : |
Joint-Stock
Company |
|
|
|
|
Line of Business : |
Wholesale
of other household goods |
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 : |
140 000 E |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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 |
|
Registration
date |
01 January 1971 |
|
Share
capital |
165 thousand Euros |
|
RC
Number |
71B06391 |
|
Activity |
514S - Wholesale of other
household goods |
|
Staff |
2 |
|
Number
of branches |
1 |
|
Trading
category |
Direct owner-operator |
|
Banks |
NSM |
MAIN DIRECTORS
|
Chairman |
GROSPIRON Claude |
|
|
born
on 15/08/1945 in |
|
General
manager |
BLOCH Roger Denis |
|
|
born
on 10/05/1947 in BOULOGNE BILLANCOURT (92) |
Auditorship
|
Titular
auditor |
BH CONSEILS |
|
Substitute
auditor |
TOUCHAIS Philippe |
REVIEW OF BODACC
INCIDENTS
|
22/11/2006 |
modification of the
representatives |
|
13/08/2003 |
modification of the
representatives |
|
13/12/2001 |
modification of
registered capital |
|
13/12/2001 |
modification of the
representatives |
|
13/12/2001 |
modification of the legal
status |
FINANCIAL DETAILS
|
|
||||||
|
|
31/03/2004 |
31/03/2005 |
31/03/2006 |
|||
|
|
over 12 months |
over 12 months |
over 12 months |
|||
|
|
KE |
% |
KE |
% |
KE |
% |
|
Turnover |
13 475 |
NC |
11 829 |
-12,21 |
13 118 |
10,90 |
|
Export turnover |
1 843 |
NC |
758 |
-58,88 |
1 150 |
51,73 |
|
Earnings before tax |
67 |
NC |
153 |
127,60 |
89 |
-41,91 |
|
Net income |
64 |
NC |
107 |
65,94 |
-125 |
NC |
|
Equity |
2 727 |
2 788 |
2 818 |
|
Total debts |
3 128 |
3 881 |
1 603 |
|
Working capital |
2 791 |
2 795 |
2 818 |
|
Supplier credit |
1 887 |
1 265 |
1 405 |
|
Total purchase |
12 214 |
12 190 |
12 967 |
|
RATIOS |
31/03/2004 |
31/03/2005 |
31/03/2006 |
|
Turnover growth (%) |
NC |
-12,21 |
10,90 |
|
Total assets turnover (Number) |
2,27 |
1,77 |
2,96 |
|
Net income (T.O. %) |
0,48 |
0,90 |
-0,95 |
|
Cash flow (T.O. %) |
0,95 |
0,54 |
0,63 |
|
Supplier credit (Purch. days excl. of tax) |
46,5 |
31,25 |
32,62 |
|
Accounts receivables (T.O. days) |
62,69 |
85,04 |
22,46 |
|
Interest expenses / EBIT (%) |
105,63 |
199,85 |
17,72 |
|
Wages (%) |
0,00 |
0,00 |
0,00 |
The
2006 turnover of 13 118 thousand Euros (over a period of 12 months) denotes an
increase of 10,90 % compared to the previous financial year.
From it can be drawn a net
income of -125 thousand Euros.
The total of the balance
sheet of 4 435 thousand Euros is composed of up to 0,00 % of the fixed assets
and up to 99,96 % of the circulating assets.
The turnover of 2,96 assets
is rising relative to the financial year.
With financial independence
of 63,53 % the company has global liabilities amounting to 1 603 thousand
Euros, with financial debts representing 0,19 % of all liabilities.
They generate financial costs
of up to 17,72 % of the EBITDA (Earning Before Interest, Taxes, Depreciation
& Amortisation).
The self-financing capacity
is of 83 thousand Euros, i.e. 0,63 % of the turnover.
Auditor's opinion
|
approved without reservations or observations for the financial year ending 31/03/2006 |
LEGAL PROCEEDINGS
None
DEVELOPMENT OF
COMMERCIAL RISK
|
january 2007 |
Average risk |
|
july 2006 |
Average risk |
|
january 2006 |
Average risk |
|
july 2005 |
Average risk |
OPINION
|
Financial structure
|
good |
|
Cash
|
fragile |
|
Profitability
|
nil |
|
Commitments
|
respected |
|
Payments
|
regular |
|
Defaults
|
none |
|
Subject history
|
favourable |
|
|
|
|
Credit limit
|
140 000 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 |
|