MIRA INFORM REPORT

 

 

Report Date :

03.10.2007

 

IDENTIFICATION DETAILS

 

Name :

BEN'S ALIMENTAIRE

 

 

Registered Office :

2 Rue Affre, 75018 Paris 18 Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

06 February 1995

 

 

Com. Reg. No.:

95B04869

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Retail sale in non-specialized stores with food, beverages or tobacco predominating.

 

 

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 :

--

 

name & address

 

BEN'S ALIMENTAIRE

2 RUE AFFRE

75018 PARIS 18 FR

Tel. Number       +33-1-42573612

Fax number       +33-1-42547311

 

 

Business founded

06 February 1995

Business registered

30 March 1995 - Private limited company (no information regarding quotation)

Registration number,

95B04869, PARIS,

party identification,

400494530,

Legal form

Private limited company (no information regarding quotation)

Activities

Retail sale in non-specialized stores with food, beverages or tobacco predominating

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 6000 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) : Good 

 

Profitability (balance sheet analysis) : Feeble 

 

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

 

Payment defaults : None 

Employees (Business)

 3

Total share capital15 February 2007

EUR 7622

Bank

BP AG GDS BOULEVARDS 75010 PARIS   

Management

BEN OMRANE FAOUZI   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 678.844,00

 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

177.277,-

Total fixed assets

75.837,-

Total intangible fixed assets

65.553,-

Total tangible fixed assets

5.961,-

Plant, machinery and equipment

108,-

Total financial fixed assets

4.323,-

Total Current assets

101.440,-

Inventories and work in progress (incl. prepayments)

73.537,-

Accounts receivable (trade)

2.163,-

Cash in hand and at bank

21.626,-

Total accrued income and prepaid expenses

741,-

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

177.277,-

Total equity (Shareholders' funds)

76.511,-

Issued (subscribed) capital

7.622,-

Legal reserves

762,-

Profit or loss carried forward

65.423,-

Profit or loss for the previous year

6.584,-

Profit or loss for the financial year

2.704,-

Total liabilities

100.766,-

Total long-term liabilities

30.604,-

Long-term Loans, Mortgage debts

30.490,-

Long-term liabilities to credit institutions

114,-

Total current liabilities

70.161,-

Current accounts payable (trade)

58.390,-

Income and social tax liabilities

11.771,-

Borrowing ratio

131,70 %

Current ratio

144,58 %

Debt gearing

40,00 %

Profit margin.

0,55 %

Quick ratio

39,77 %

Return on assets

2,09 %

Return on equity.

3,53 %

Solidity or equity ratio

43,16 %

 

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

Total operating income/revenue

680.731,-

Main revenue (sales/turnover)

678.844,-

Total operating expenses

677.029,-

Cost of materials (type of expenditure format)

528.980,-

Personnel costs

58.578,-

Depreciation

1.621,-

Operating profit or loss

3.702,-

Financial expenses

44,-

Result of ordinary operations

3.658,-

Extraordinary income

2,-

Extraordinary expenses

437,-

Extraordinary result

-435,-

Pre-tax and pre-appropriation profit or loss

3.659,-

Taxes

520,-

Net profit or loss

2.704,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 641.454,00

 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

216.668,-

Total fixed assets

73.351,-

Total intangible fixed assets

65.553,-

Total tangible fixed assets

7.798,-

Plant, machinery and equipment

420,-

Total Current assets

143.317,-

Inventories and work in progress (incl. prepayments)

119.492,-

Accounts receivable (trade)

212,-

Cash in hand and at bank

20.756,-

Total accrued income and prepaid expenses

711,-

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

216.668,-

Total equity (Shareholders' funds)

73.807,-

Issued (subscribed) capital

7.622,-

Legal reserves

762,-

Profit or loss carried forward

58.839,-

Profit or loss for the previous year

16.010,-

Profit or loss for the financial year

6.584,-

Total liabilities

142.860,-

Total long-term liabilities

30.563,-

Long-term Loans, Mortgage debts

30.490,-

Long-term liabilities to credit institutions

73,-

Total current liabilities

112.297,-

Current accounts payable (trade)

100.878,-

Income and social tax liabilities

11.419,-

Borrowing ratio

193,56 %

Current ratio

127,62 %

Debt gearing

41,41 %

Profit margin.

1,23 %

Quick ratio

21,22 %

Return on assets

3,64 %

Return on equity.

8,92 %

Solidity or equity ratio

34,06 %

 

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

Total operating income/revenue

650.873,-

Main revenue (sales/turnover)

641.454,-

Total operating expenses

642.994,-

Cost of materials (type of expenditure format)

485.242,-

Personnel costs

51.065,-

Depreciation

1.270,-

Operating profit or loss

7.878,-

Financial expenses

23,-

Result of ordinary operations

7.855,-

Extraordinary income

5,-

Extraordinary expenses

73,-

Extraordinary result

-68,-

Pre-tax and pre-appropriation profit or loss

7.855,-

Taxes

1.203,-

Net profit or loss

6.584,-

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 643.482,00

 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

262.883,-

Total fixed assets

69.992,-

Total intangible fixed assets

65.553,-

Total tangible fixed assets

4.439,-

Plant, machinery and equipment

603,-

Total Current assets

192.891,-

Inventories and work in progress (incl. prepayments)

177.214,-

Accounts receivable (trade)

6.671,-

Cash in hand and at bank

6.590,-

Total accrued income and prepaid expenses

669,-

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

262.883,-

Total equity (Shareholders' funds)

67.223,-

Issued (subscribed) capital

7.622,-

Legal reserves

762,-

Profit or loss carried forward

42.829,-

Profit or loss for the financial year

16.010,-

Total liabilities

195.660,-

Total long-term liabilities

30.551,-

Long-term Loans, Mortgage debts

30.490,-

Long-term liabilities to credit institutions

61,-

Total current liabilities

165.109,-

Current accounts payable (trade)

147.988,-

Income and social tax liabilities

9.499,-

Borrowing ratio

291,06 %

Current ratio

116,83 %

Debt gearing

45,45 %

Profit margin.

3,32 %

Quick ratio

9,49 %

Return on assets

8,14 %

Return on equity.

23,82 %

Solidity or equity ratio

25,57 %

 

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

Total operating income/revenue

644.292,-

Main revenue (sales/turnover)

643.482,-

Total operating expenses

622.898,-

Cost of materials (type of expenditure format)

572.072,-

Personnel costs

33.122,-

Depreciation

795,-

Operating profit or loss

21.394,-

Result of ordinary operations

21.394,-

Extraordinary income

3,-

Extraordinary expenses

2.462,-

Extraordinary result

-2.459,-

Pre-tax and pre-appropriation profit or loss

21.394,-

Taxes

2.925,-

Net profit or loss

16.010,-

 

 

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.

 

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