MIRA INFORM REPORT

 

 

Report Date :

16.10.2007

 

IDENTIFICATION DETAILS

 

Name :

3 SUISSES FRANCE

 

 

Registered Office :

4 Place De La Republique, 59170 Croix Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

01 January 1955

 

 

Com. Reg. No.:

55B00159

 

 

Legal Form :

Limited partnership

 

 

Line of Business :

Retail sale via mail order houses

 

 

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 :

150000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

3 SUISSES FRANCE

4 PLACE DE LA REPUBLIQUE

59170 CROIX FR

Tel. Number       +33-3-20203030

Fax number       +33-3-20203050

 

 

Business founded

01 January 1955

Registration number,

55B00159, ROUBAIX-TOURCOING,

Trade name,

VPC VAD CATALOGUE FEMME MODE TEXTIL:E HABILLEMENT MAISON HABITATION LIN:GERIE VETEMENT JOUET SPORT LINGE DE,

party identification,

475581591,

Legal form

Limited partnership

Activities

Retail sale via mail order houses

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.  10,33

 

Cash situation (balance sheet analysis) : Sufficient 

 

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

 

Payment defaults : None 

Employees (Business)

 3359

Total number of shareholders

 3

Total share capital31 December 2004

EUR 4015053

Branch office(s)

76 BOULEVARD HAUSSMANN,75008 PARIS 08   

 

110 RUE DE RENNES,75006 PARIS 06   

 

215 RUE DE CHARENTON,75012 PARIS 12   

 

84 BOULEVARD MASSENA,75013 PARIS 13   

 

64 RUE DU ROCHER,75008 PARIS 08   

 

   Others

Bank

BNP - CDN - CL 59 ROUBAIX - CL 59 LILLE   

Auditor

GOALEC ISABELLE   Deputy auditor

(Part-) Owner

408536928   3 S F PARTICIPATIONS   10,00 %   

 

SALARIES   0,03 %   

Parent company :

411129257   VAD HOLDING   89,97 %   

Subsidiary company.

552019697   CIDAL   99,80 %   

 

389655978   3 SUISSES VOYAGES   99,80 %   

 

309495299   COGEDAC   99,00 %   

 

385218631   MONDIAL RELAY   99,00 %   

 

451058341   GEIE SI 3SI   70,00 %   

 

349807388   3S ASSURANCES   70,00 %   

 

414883827   3SH   51,00 %   

Affiliate. A company which is affiliated with the Business.

377559646   CITE NUMERIQUE   0,01 %   

 

 

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 914.948.627,00

 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

300.317.734,-

Total fixed assets

29.260.522,-

Total intangible fixed assets

7.091.726,-

Concessions and industrial rights, goodwill

83.254,-

Total tangible fixed assets

18.310.302,-

Land and buildings

72.059,-

Plant, machinery and equipment

4.822.205,-

Total financial fixed assets

3.858.494,-

Loans, shares and participations

3.185.004,-

Total Current assets

249.575.792,-

Inventories and work in progress (incl. prepayments)

82.194.351,-

Accounts receivable (trade)

72.645.127,-

Cash in hand and at bank

10.304.562,-

Total accrued income and prepaid expenses

30.163.493,-

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

300.317.734,-

Total equity (Shareholders' funds)

35.473.477,-

Issued (subscribed) capital

4.015.053,-

Share premium account (capital reserve)

2.657.460,-

Profit or loss carried forward

-391.333,-

Profit or loss for the previous year

3.242.359,-

Profit or loss for the financial year

428.729,-

Total provisions

16.041.507,-

Total liabilities

248.802.749,-

Total long-term liabilities

26.923.810,-

Long-term Loans, Mortgage debts

26.861.464,-

Long-term liabilities to credit institutions

62.346,-

Total current liabilities

210.462.194,-

Current accounts payable (trade)

114.811.941,-

Income and social tax liabilities

40.280.689,-

Total accrued expenses and deferred income

11.416.742,-

Borrowing ratio

540,16 %

Current ratio

112,48 %

Debt gearing

58,45 %

Profit margin.

-0,39 %

Quick ratio

75,44 %

Return on assets

-1,19 %

Return on equity.

0,93 %

Solidity or equity ratio

15,34 %

 

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

Total operating income/revenue

975.552.474,-

Main revenue (sales/turnover)

914.948.627,-

Total operating expenses

979.119.321,-

Cost of materials (type of expenditure format)

368.879.770,-

Personnel costs

79.706.156,-

Depreciation

24.185.719,-

Operating profit or loss

-3.566.846,-

Financial income

14.872.017,-

Financial expenses

8.755.371,-

Result of ordinary operations

2.549.800,-

Extraordinary income

9.062.741,-

Extraordinary expenses

5.222.004,-

Extraordinary result

3.840.736,-

Pre-tax and pre-appropriation profit or loss

2.549.800,-

Taxes

761.808,-

Net profit or loss

428.729,-

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 912.692.855,00

 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

314.077.409,-

Total fixed assets

28.807.055,-

Total intangible fixed assets

6.783.928,-

Concessions and industrial rights, goodwill

537.556,-

Total tangible fixed assets

18.123.947,-

Land and buildings

75.449,-

Plant, machinery and equipment

5.262.791,-

Total financial fixed assets

3.899.180,-

Loans, shares and participations

3.185.309,-

Total Current assets

266.545.562,-

Inventories and work in progress (incl. prepayments)

92.311.818,-

Accounts receivable (trade)

74.110.473,-

Cash in hand and at bank

7.899.837,-

Total accrued income and prepaid expenses

32.373.366,-

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

314.077.409,-

Total equity (Shareholders' funds)

36.904.417,-

Issued (subscribed) capital

4.015.053,-

Share premium account (capital reserve)

2.657.460,-

Profit or loss carried forward

-1.143.167,-

Profit or loss for the previous year

5.818.986,-

Profit or loss for the financial year

3.242.359,-

Total provisions

23.205.316,-

Total liabilities

253.967.676,-

Total long-term liabilities

24.426.512,-

Long-term Loans, Mortgage debts

24.423.902,-

Long-term liabilities to credit institutions

2.610,-

Total current liabilities

218.460.187,-

Current accounts payable (trade)

125.396.317,-

Income and social tax liabilities

40.014.391,-

Total accrued expenses and deferred income

11.080.974,-

Borrowing ratio

486,34 %

Current ratio

116,12 %

Debt gearing

46,78 %

Profit margin.

-0,21 %

Quick ratio

75,91 %

Return on assets

-0,61 %

Return on equity.

6,21 %

Solidity or equity ratio

16,63 %

 

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

Total operating income/revenue

969.673.620,-

Main revenue (sales/turnover)

912.692.855,-

Total operating expenses

971.585.227,-

Cost of materials (type of expenditure format)

390.603.944,-

Personnel costs

85.641.716,-

Depreciation

18.262.267,-

Operating profit or loss

-1.911.607,-

Financial income

18.679.955,-

Financial expenses

9.293.859,-

Result of ordinary operations

7.474.489,-

Extraordinary income

15.145.387,-

Extraordinary expenses

14.560.348,-

Extraordinary result

585.038,-

Pre-tax and pre-appropriation profit or loss

7.474.489,-

Net profit or loss

3.242.359,-

 

Turnover for the period: 00 0000 - 31 December 2002  in  EUR 918.124.146,00

 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

307.752.301,-

Total fixed assets

30.732.188,-

Total intangible fixed assets

6.111.090,-

Concessions and industrial rights, goodwill

309.718,-

Total tangible fixed assets

20.741.515,-

Land and buildings

103.962,-

Plant, machinery and equipment

5.426.892,-

Total financial fixed assets

3.879.582,-

Loans, shares and participations

3.184.559,-

Total Current assets

264.555.471,-

Inventories and work in progress (incl. prepayments)

95.078.504,-

Accounts receivable (trade)

70.895.066,-

Cash in hand and at bank

8.411.560,-

Total accrued income and prepaid expenses

24.819.443,-

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

307.752.301,-

Total equity (Shareholders' funds)

39.141.980,-

Issued (subscribed) capital

4.015.053,-

Share premium account (capital reserve)

2.657.460,-

Profit or loss carried forward

-1.652.684,-

Profit or loss for the financial year

5.818.986,-

Total provisions

22.067.748,-

Total liabilities

246.542.572,-

Total long-term liabilities

22.092.819,-

Long-term Loans, Mortgage debts

21.193.397,-

Long-term liabilities to credit institutions

899.422,-

Total current liabilities

215.750.821,-

Current accounts payable (trade)

116.528.659,-

Income and social tax liabilities

41.791.204,-

Total accrued expenses and deferred income

8.698.929,-

Borrowing ratio

459,92 %

Current ratio

117,87 %

Debt gearing

41,21 %

Profit margin.

0,03 %

Quick ratio

75,51 %

Return on assets

0,10 %

Return on equity.

10,83 %

Solidity or equity ratio

17,45 %

 

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

Total operating income/revenue

962.837.559,-

Main revenue (sales/turnover)

918.124.146,-

Total operating expenses

962.536.854,-

Cost of materials (type of expenditure format)

374.256.822,-

Personnel costs

83.504.850,-

Depreciation

26.448.427,-

Operating profit or loss

300.705,-

Financial income

15.697.700,-

Financial expenses

9.288.947,-

Result of ordinary operations

6.709.457,-

Extraordinary income

24.756.329,-

Extraordinary expenses

20.721.839,-

Extraordinary result

4.034.490,-

Pre-tax and pre-appropriation profit or loss

6.709.457,-

Taxes

86.961,-

Net profit or loss

5.818.986,-

 

 

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