MIRA INFORM REPORT

 

 

Report Date :

03.10.2007

 

IDENTIFICATION DETAILS

 

Name :

DISTREUROP SARL

 

 

Registered Office :

175 Boulevard De L'ariane, 06300 Nice Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01 February 2005

 

 

Com. Reg. No.:

05B00298

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Miscellaneous wholesale

 

 

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 :

4500 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

DISTREUROP SARL

175 BOULEVARD DE L'ARIANE

06300 NICE FR

 

 

Business founded

01 February 2005

Business registered

14 February 2005 - Private limited company (no information regarding quotation)

Registration number,

05B00298, NICE,

Trade name,

DISTREUROPE,

party identification,

480916352,

Legal form

Private limited company (no information regarding quotation)

Activities

Miscellaneous wholesale

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 4500 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) : Limited 

 

Profitability (balance sheet analysis) : Normal 

 

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

 

Payment defaults : None 

Employees (Business)

 1

Total share capital31 December 2006

EUR 7500

Bank

BNPPARB NICE PORT   

Management

TOMASI THIERRY   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 2006  in  EUR 451.965,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

137.521,-

Total fixed assets

30.000,-

Total intangible fixed assets

30.000,-

Total Current assets

107.521,-

Inventories and work in progress (incl. prepayments)

85.232,-

Accounts receivable (trade)

13.113,-

Cash in hand and at bank

3.632,-

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

137.521,-

Total equity (Shareholders' funds)

19.297,-

Issued (subscribed) capital

7.500,-

Profit or loss carried forward

-3.537,-

Profit or loss for the previous year

-3.537,-

Profit or loss for the financial year

15.334,-

Total liabilities

118.225,-

Total long-term liabilities

332,-

Long-term liabilities to credit institutions

332,-

Total current liabilities

117.893,-

Current accounts payable (trade)

61.336,-

Income and social tax liabilities

3.724,-

Borrowing ratio

612,69 %

Current ratio

91,20 %

Debt gearing

1,72 %

Profit margin.

3,37 %

Quick ratio

18,91 %

Return on assets

11,08 %

Return on equity.

79,46 %

Solidity or equity ratio

14,03 %

 

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

Total operating income/revenue

451.973,-

Main revenue (sales/turnover)

451.965,-

Total operating expenses

436.735,-

Cost of materials (type of expenditure format)

432.725,-

Personnel costs

8.019,-

Operating profit or loss

15.238,-

Financial income

673,-

Financial expenses

518,-

Result of ordinary operations

15.393,-

Extraordinary income

11,-

Extraordinary expenses

70,-

Extraordinary result

-59,-

Pre-tax and pre-appropriation profit or loss

15.393,-

Net profit or loss

15.334,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 226.235,00

 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

80.325,-

Total fixed assets

30.000,-

Total intangible fixed assets

30.000,-

Total Current assets

50.325,-

Inventories and work in progress (incl. prepayments)

44.733,-

Cash in hand and at bank

2.837,-

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

80.325,-

Total equity (Shareholders' funds)

3.963,-

Issued (subscribed) capital

7.500,-

Profit or loss for the financial year

-3.537,-

Total liabilities

76.362,-

Total current liabilities

76.363,-

Current accounts payable (trade)

30.152,-

Income and social tax liabilities

564,-

Borrowing ratio

1926,87 %

Current ratio

65,90 %

Profit margin.

-1,46 %

Quick ratio

7,32 %

Return on assets

-4,11 %

Return on equity.

-89,25 %

Solidity or equity ratio

4,93 %

 

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

Total operating income/revenue

226.235,-

Main revenue (sales/turnover)

226.235,-

Total operating expenses

229.539,-

Cost of materials (type of expenditure format)

244.107,-

Personnel costs

2.824,-

Operating profit or loss

-3.303,-

Financial expenses

234,-

Result of ordinary operations

-3.537,-

Pre-tax and pre-appropriation profit or loss

-3.537,-

Net profit or loss

-3.537,-

 

 

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