MIRA INFORM REPORT

 

 

Report Date :

13.06.2007

 

IDENTIFICATION DETAILS

 

Name :

SARL VDH GOLD

 

 

Registered Office :

239 Rue Saint Martin, 75003 Paris 03 Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

01 January 1998

 

 

Com. Reg. No.:

97B18024

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Miscellaneous transport agencies.

 

 

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

 

SARL VDH GOLD

239 RUE SAINT MARTIN

75003 PARIS 03 FR

Tel. Number       +33-1-48875973

Fax number       +33-1-48872003

 

 

Business founded

01 January 1998

Business registered

30 December 1997 - Private limited company (no information regarding quotation)

Registration number,

97B18024, PARIS,

Trade name,

VDH GOLD,

party identification,

415154806,

Legal form

Private limited company (no information regarding quotation)

Activities

Activities of miscellaneous transport agencies

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.  17,04

 

Cash situation (balance sheet analysis) : Normal 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

 

No Match! : Limited 

Employees (Business)

 7

Total number of shareholders

 1

Total share capital31 December 2004

EUR 39637

Bank

BNP   

Management

CAILLOU PATRICE   Shareholder and managing director

Parent company :

403220551   EXCELLENCE   95,80 %   

 

 

 

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

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 1.143.648,00

 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

761.724,-

Total fixed assets

109.946,-

Total intangible fixed assets

80.845,-

Total tangible fixed assets

29.100,-

Plant, machinery and equipment

717,-

Total Current assets

651.779,-

Accounts receivable (trade)

448.657,-

Cash in hand and at bank

95.087,-

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

761.724,-

Total equity (Shareholders' funds)

120.370,-

Issued (subscribed) capital

39.637,-

Legal reserves

3.963,-

Profit or loss carried forward

62.881,-

Profit or loss for the previous year

35.456,-

Profit or loss for the financial year

13.889,-

Total liabilities

641.355,-

Total long-term liabilities

30.813,-

Long-term Loans, Mortgage debts

30.813,-

Total current liabilities

610.542,-

Current accounts payable (trade)

244.986,-

Income and social tax liabilities

85.647,-

Borrowing ratio

532,82 %

Current ratio

106,75 %

Debt gearing

25,60 %

Profit margin.

1,27 %

Quick ratio

106,75 %

Return on assets

1,91 %

Return on equity.

11,54 %

Solidity or equity ratio

15,80 %

 

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

Total operating income/revenue

1.143.651,-

Main revenue (sales/turnover)

1.143.648,-

Total operating expenses

1.129.100,-

Personnel costs

208.851,-

Depreciation

15.021,-

Operating profit or loss

14.551,-

Financial income

4.409,-

Financial expenses

1.344,-

Result of ordinary operations

17.616,-

Extraordinary expenses

3.728,-

Extraordinary result

-3.728,-

Pre-tax and pre-appropriation profit or loss

17.617,-

Net profit or loss

13.889,-

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 1.140.571,00

 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

653.790,-

Total fixed assets

101.183,-

Total intangible fixed assets

80.845,-

Total tangible fixed assets

20.338,-

Plant, machinery and equipment

3.747,-

Total Current assets

552.607,-

Accounts receivable (trade)

390.865,-

Investments (short-term)

106.322,-

Cash in hand and at bank

40.230,-

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

653.790,-

Total equity (Shareholders' funds)

106.481,-

Issued (subscribed) capital

39.637,-

Legal reserves

3.963,-

Profit or loss carried forward

27.425,-

Profit or loss for the previous year

43.814,-

Profit or loss for the financial year

35.456,-

Total liabilities

547.309,-

Total long-term liabilities

16.940,-

Long-term Loans, Mortgage debts

16.940,-

Total current liabilities

530.369,-

Current accounts payable (trade)

183.944,-

Income and social tax liabilities

37.437,-

Borrowing ratio

514,00 %

Current ratio

104,19 %

Debt gearing

15,91 %

Profit margin.

4,29 %

Quick ratio

104,19 %

Return on assets

7,49 %

Return on equity.

33,30 %

Solidity or equity ratio

16,29 %

 

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

Total operating income/revenue

1.145.507,-

Main revenue (sales/turnover)

1.140.571,-

Total operating expenses

1.096.522,-

Cost of materials (type of expenditure format)

45.942,-

Personnel costs

185.504,-

Depreciation

5.980,-

Operating profit or loss

48.985,-

Financial income

4.250,-

Financial expenses

8.325,-

Result of ordinary operations

44.910,-

Extraordinary expenses

9.453,-

Extraordinary result

-9.453,-

Pre-tax and pre-appropriation profit or loss

44.909,-

Net profit or loss

35.456,-

 

Turnover for the period: 00 0000 - 31 December 2002  in  EUR 1.053.821,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2002  in  EUR 

Total assets incl. prepaid expenses and accrued income

826.326,-

Total fixed assets

87.767,-

Total intangible fixed assets

80.845,-

Total tangible fixed assets

6.922,-

Plant, machinery and equipment

4.999,-

Total Current assets

738.559,-

Accounts receivable (trade)

499.621,-

Cash in hand and at bank

73.511,-

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

826.326,-

Total equity (Shareholders' funds)

111.013,-

Issued (subscribed) capital

39.637,-

Legal reserves

3.963,-

Profit or loss carried forward

23.599,-

Profit or loss for the financial year

43.814,-

Total liabilities

715.314,-

Total long-term liabilities

102.094,-

Long-term Loans, Mortgage debts

102.094,-

Total current liabilities

613.220,-

Current accounts payable (trade)

305.665,-

Income and social tax liabilities

300.597,-

Borrowing ratio

644,35 %

Current ratio

120,44 %

Debt gearing

91,97 %

Profit margin.

6,42 %

Quick ratio

120,44 %

Return on assets

8,18 %

Return on equity.

39,47 %

Solidity or equity ratio

13,43 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2002  in  EUR 

Total operating income/revenue

1.053.864,-

Main revenue (sales/turnover)

1.053.821,-

Total operating expenses

986.242,-

Personnel costs

161.625,-

Depreciation

2.330,-

Operating profit or loss

67.622,-

Financial expenses

1.007,-

Result of ordinary operations

66.615,-

Pre-tax and pre-appropriation profit or loss

66.615,-

Taxes

22.801,-

Net profit or loss

43.814,-

 

 

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