MIRA INFORM REPORT

 

 

Report Date :

13.06.2007

 

IDENTIFICATION DETAILS

 

Name :

BRASILIAN GEM S

 

 

Registered Office :

1 Place Saint Nizier, 69001 Lyon 01 Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

01 September 1988

 

 

Com. Reg. No.:

88B02619

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of miscellaneous 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 :

6000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

BRASILIAN GEM S

1 PLACE SAINT NIZIER

69001 LYON 01 FR

Tel. Number       +33-4-72008144

Fax number       +33-4-78289814

 

 

Business founded

01 September 1988

Business registered

14 September 1988 - Private limited company (no information regarding quotation)

Registration number,

88B02619, LYON,

Trade name,

MARION,

party identification,

347965535,

Legal form

Private limited company (no information regarding quotation)

Activities

Wholesale of miscellaneous household goods

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 6000 EUR is advised

 

The export volume in percentage of total sales for the company.  5,29

 

Financial structure (balance sheet analysis) : Balanced 

 

Cash situation (balance sheet analysis) : Limited 

 

Profitability (balance sheet analysis) : Feeble 

 

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

 

Payment defaults : None 

Employees (Business)

 11

Total share capital31 December 2005

EUR 41000

Branch office(s)

9 RUE DE CHATEAUDUN,75009 PARIS 09   

 

   Others

Bank

LYONNAISE DE BANQUE - BNP - CCF   

Management

REVOIL PIERRE   Shareholder and managing director

 

 

 

 

 

 

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

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 1.419.451,00

 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

1.864.053,-

Total fixed assets

29.192,-

Total intangible fixed assets

14.058,-

Concessions and industrial rights, goodwill

338,-

Total tangible fixed assets

9.328,-

Plant, machinery and equipment

656,-

Total financial fixed assets

5.806,-

Total Current assets

1.813.279,-

Inventories and work in progress (incl. prepayments)

979.073,-

Accounts receivable (trade)

648.770,-

Cash in hand and at bank

1.739,-

Total accrued income and prepaid expenses

23.941,-

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

1.864.053,-

Total equity (Shareholders' funds)

552.898,-

Issued (subscribed) capital

41.000,-

Legal reserves

4.100,-

Profit or loss for the previous year

11.184,-

Profit or loss for the financial year

44.832,-

Total provisions

12.567,-

Total liabilities

1.289.573,-

Total long-term liabilities

500.104,-

Long-term Loans, Mortgage debts

8.405,-

Long-term liabilities to credit institutions

491.699,-

Total current liabilities

789.469,-

Current accounts payable (trade)

715.997,-

Income and social tax liabilities

46.599,-

Borrowing ratio

229,79 %

Current ratio

229,68 %

Debt gearing

89,11 %

Profit margin.

4,04 %

Quick ratio

105,67 %

Return on assets

3,07 %

Return on equity.

7,99 %

Solidity or equity ratio

30,11 %

 

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

Total operating income/revenue

1.440.777,-

Main revenue (sales/turnover)

1.419.451,-

Total operating expenses

1.383.457,-

Cost of materials (type of expenditure format)

777.325,-

Personnel costs

168.249,-

Depreciation

9.141,-

Operating profit or loss

57.319,-

Financial income

21.626,-

Financial expenses

51.978,-

Result of ordinary operations

26.967,-

Extraordinary income

18.582,-

Extraordinary expenses

1.199,-

Extraordinary result

17.383,-

Pre-tax and pre-appropriation profit or loss

26.967,-

Taxes

-481,-

Net profit or loss

44.832,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 1.990.839,00

 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

2.510.651,-

Total fixed assets

36.568,-

Total intangible fixed assets

14.791,-

Concessions and industrial rights, goodwill

672,-

Total tangible fixed assets

16.430,-

Plant, machinery and equipment

1.864,-

Total financial fixed assets

5.348,-

Total Current assets

2.454.992,-

Inventories and work in progress (incl. prepayments)

1.084.951,-

Accounts receivable (trade)

722.981,-

Cash in hand and at bank

493.364,-

Total accrued income and prepaid expenses

19.593,-

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

2.510.651,-

Total equity (Shareholders' funds)

508.066,-

Issued (subscribed) capital

41.000,-

Legal reserves

4.100,-

Profit or loss for the previous year

21.529,-

Profit or loss for the financial year

11.184,-

Total provisions

15.532,-

Total liabilities

1.947.228,-

Total long-term liabilities

589.459,-

Long-term Loans, Mortgage debts

17.139,-

Long-term liabilities to credit institutions

572.320,-

Total current liabilities

1.357.767,-

Current accounts payable (trade)

843.195,-

Income and social tax liabilities

68.504,-

Borrowing ratio

375,97 %

Current ratio

180,81 %

Debt gearing

113,81 %

Profit margin.

4,38 %

Quick ratio

100,90 %

Return on assets

3,47 %

Return on equity.

2,16 %

Solidity or equity ratio

20,64 %

 

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

Total operating income/revenue

2.019.507,-

Main revenue (sales/turnover)

1.990.839,-

Total operating expenses

1.932.394,-

Cost of materials (type of expenditure format)

860.855,-

Personnel costs

267.879,-

Depreciation

14.281,-

Operating profit or loss

87.112,-

Financial income

14.123,-

Financial expenses

82.889,-

Result of ordinary operations

18.347,-

Extraordinary income

10.000,-

Extraordinary expenses

13.250,-

Extraordinary result

-3.249,-

Pre-tax and pre-appropriation profit or loss

18.346,-

Taxes

3.913,-

Net profit or loss

11.184,-

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 2.543.346,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.149.501,-

Total fixed assets

48.719,-

Total intangible fixed assets

17.149,-

Concessions and industrial rights, goodwill

2.233,-

Total tangible fixed assets

26.221,-

Plant, machinery and equipment

4.261,-

Total financial fixed assets

5.348,-

Total Current assets

3.088.836,-

Inventories and work in progress (incl. prepayments)

1.373.896,-

Accounts receivable (trade)

845.500,-

Cash in hand and at bank

633.293,-

Total accrued income and prepaid expenses

29.524,-

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

3.149.501,-

Total equity (Shareholders' funds)

496.881,-

Issued (subscribed) capital

41.000,-

Legal reserves

4.100,-

Profit or loss for the financial year

21.529,-

Total provisions

11.945,-

Total liabilities

2.612.225,-

Total long-term liabilities

3.420,-

Long-term Loans, Mortgage debts

2.780,-

Long-term liabilities to credit institutions

640,-

Total current liabilities

2.608.803,-

Current accounts payable (trade)

1.020.235,-

Income and social tax liabilities

89.530,-

Borrowing ratio

518,74 %

Current ratio

118,40 %

Debt gearing

0,68 %

Profit margin.

4,82 %

Quick ratio

65,74 %

Return on assets

3,89 %

Return on equity.

4,27 %

Solidity or equity ratio

16,03 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Total operating income/revenue

2.586.144,-

Main revenue (sales/turnover)

2.543.346,-

Total operating expenses

2.463.612,-

Cost of materials (type of expenditure format)

1.594.753,-

Personnel costs

331.680,-

Depreciation

15.100,-

Operating profit or loss

122.532,-

Financial income

42.726,-

Financial expenses

140.745,-

Result of ordinary operations

24.514,-

Pre-tax and pre-appropriation profit or loss

24.513,-

Taxes

2.984,-

Net profit or loss

21.529,-

 

 

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