MIRA INFORM REPORT

 

 

Report Date :

08.06.2007

 

IDENTIFICATION DETAILS

 

Name :

ED&F MAN FRANCE

 

 

Registered Office :

11 Quai De Dion-Bouton, 92800 Puteaux Fr

 

 

Country :

France

 

 

Financials (as on) :

31.10.2006

 

 

Date of Incorporation :

12 February 2004

 

 

Com. Reg. No.:

04B01076

 

 

Legal Form :

Joint Stock Company Simplified (Unique Partner)

 

 

Line of Business :

Wholesale of chemical products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

150000 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear


name & address

 

ED&F MAN FRANCE

11 QUAI DE DION-BOUTON

92800 PUTEAUX FR

 

 

Business founded

12 February 2004

Business registered

19 February 2004 - Joint stock company simplified (unique partner)

Registration number,

04B01076, NANTERRE,

party identification,

452155765,

Legal form

Joint stock company simplified (unique partner)

Activities

Wholesale of chemical products

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 150000 EUR is advised

 

The export volume in percentage of total sales for the company.  0,00

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Low 

 

Profitability (balance sheet analysis) : Feeble 

 

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

 

Payment defaults : None 

Employees (Business)

 42

Total share capital31 October 2006

EUR 14125960

Boardmembers

CHAPLAIN FRANCK   President

 

 

 

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

 

Turnover for the period: 00 0000 - 31 October 2006  in  EUR 418.733.233,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

96.561.692,-

Total fixed assets

11.428.693,-

Total intangible fixed assets

5.763.086,-

Total tangible fixed assets

105.633,-

Total financial fixed assets

5.559.975,-

Loans, shares and participations

5.362.972,-

Total Current assets

85.132.999,-

Inventories and work in progress (incl. prepayments)

18.503.798,-

Accounts receivable (trade)

64.051.858,-

Cash in hand and at bank

110.280,-

Total accrued income and prepaid expenses

616.138,-

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

96.561.692,-

Total equity (Shareholders' funds)

40.627.553,-

Issued (subscribed) capital

14.125.960,-

Share premium account (capital reserve)

23.970.898,-

Profit or loss carried forward

-1.348,-

Profit or loss for the previous year

-1.341,-

Profit or loss for the financial year

2.532.043,-

Total provisions

5.077.051,-

Total liabilities

50.857.088,-

Total long-term liabilities

25.934.025,-

Long-term Loans, Mortgage debts

953.186,-

Long-term liabilities to credit institutions

24.980.839,-

Total current liabilities

24.923.062,-

Current accounts payable (trade)

20.103.831,-

Income and social tax liabilities

4.552.295,-

Borrowing ratio

115,64 %

Current ratio

341,58 %

Debt gearing

58,97 %

Profit margin.

1,19 %

Quick ratio

267,34 %

Return on assets

5,17 %

Return on equity.

5,76 %

Solidity or equity ratio

45,54 %

 

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

Total operating income/revenue

419.668.789,-

Main revenue (sales/turnover)

418.733.233,-

Total operating expenses

414.677.612,-

Cost of materials (type of expenditure format)

407.338.502,-

Personnel costs

3.276.250,-

Depreciation

106.302,-

Operating profit or loss

4.991.178,-

Financial income

167.265,-

Financial expenses

1.134.510,-

Result of ordinary operations

4.023.933,-

Extraordinary expenses

235.706,-

Extraordinary result

-235.706,-

Pre-tax and pre-appropriation profit or loss

4.023.933,-

Taxes

1.256.184,-

Net profit or loss

2.532.043,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 0,00

 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

113.784.336,-

Total fixed assets

11.347.317,-

Total intangible fixed assets

5.769.819,-

Total tangible fixed assets

145.440,-

Plant, machinery and equipment

83.132,-

Total financial fixed assets

5.432.058,-

Loans, shares and participations

5.362.973,-

Total Current assets

102.437.019,-

Inventories and work in progress (incl. prepayments)

15.378.877,-

Accounts receivable (trade)

83.241.266,-

Cash in hand and at bank

1.525.679,-

Total accrued income and prepaid expenses

514.894,-

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

113.784.336,-

Total equity (Shareholders' funds)

38.095.510,-

Issued (subscribed) capital

14.125.960,-

Share premium account (capital reserve)

23.970.891,-

Profit or loss for the previous year

-1.598,-

Profit or loss for the financial year

-1.341,-

Total provisions

4.535.106,-

Total liabilities

71.153.720,-

Total long-term liabilities

53.425.259,-

Long-term liabilities to credit institutions

53.425.259,-

Total current liabilities

17.728.461,-

Current accounts payable (trade)

16.038.445,-

Income and social tax liabilities

1.457.348,-

Borrowing ratio

173,17 %

Current ratio

577,81 %

Debt gearing

130,02 %

Quick ratio

491,06 %

Return on assets

-0,00 %

Return on equity.

-0,00 %

Solidity or equity ratio

36,11 %

 

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

Total operating expenses

2.040,-

Operating profit or loss

-2.040,-

Financial income

700,-

Result of ordinary operations

-1.340,-

Pre-tax and pre-appropriation profit or loss

-1.341,-

Net profit or loss

-1.341,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 0,00

 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

37.196,-

Total Current assets

37.196,-

Cash in hand and at bank

37.132,-

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

37.196,-

Total equity (Shareholders' funds)

35.402,-

Issued (subscribed) capital

37.000,-

Profit or loss for the financial year

-1.598,-

Total liabilities

1.794,-

Total current liabilities

1.794,-

Borrowing ratio

5,07 %

Current ratio

2073,36 %

Quick ratio

2073,36 %

Return on assets

-5,33 %

Return on equity.

-4,51 %

Solidity or equity ratio

95,18 %

 

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

Total operating expenses

1.981,-

Operating profit or loss

-1.981,-

Financial income

384,-

Result of ordinary operations

-1.597,-

Pre-tax and pre-appropriation profit or loss

-1.598,-

Net profit or loss

-1.598,-

 

 

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

 

 

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