MIRA INFORM REPORT

 

 

Report Date :

20.10.2007

 

IDENTIFICATION DETAILS

 

Name :

VS COMPAGNIE

 

 

Registered Office :

197 Rue Du Fbg Saint Denis 75010 Paris 10 

 

 

Country :

France

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

03.02.1997

 

 

Com. Reg. No.:

97B02894, PARIS

 

 

Legal Form :

Single member private limited company

 

 

Line of Business :

Wholesale distribution of miscellaneous food including fish, crustaceans and mollusca

 

 

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 :

45000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

NAME & ADDRESS

 

VS COMPAGNIE

197 RUE DU FBG SAINT DENIS

75010 PARIS 10 FR

Tel. Number +33-1-40347165

 

           

Business founded

03 February 1997

Business registered

20 February 1997 - Single member private limited company

Registration number,

97B02894, PARIS,

Trade name,

VS CO CASH & CARRY,

party identification,

411032113,

Legal form

Single member private limited company

Activities

Wholesale distribution of miscellaneous food including fish, crustaceans and mollusca

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 45000 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) : Weak 

 

Profitability (balance sheet analysis) : Feeble 

 

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

 

Payment defaults : None 

Employees (Business)

 21

Total share capital31 March 2006

EUR 100000

Branch office(s)

10 RUE MYRHA,75018 PARIS 18   

 

208 B RUE DU FBG SAINT DENIS,75010 PARIS 10   

 

2 RUE PERDONET,75010 PARIS 10   

 

   Others

Bank

BNP 75 PARIS 10   

Management

GETTEN XAVIER   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 March 2006  in  EUR 4.721.677,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

557.151,-

Total fixed assets

141.533,-

Total intangible fixed assets

28.394,-

Concessions and industrial rights, goodwill

213,-

Total tangible fixed assets

31.611,-

Plant, machinery and equipment

8.111,-

Total financial fixed assets

81.528,-

Loans, shares and participations

46.463,-

Investments (long-term)

10.000,-

Total Current assets

415.618,-

Inventories and work in progress (incl. prepayments)

222.258,-

Accounts receivable (trade)

149.482,-

Cash in hand and at bank

4.612,-

Total accrued income and prepaid expenses

4.476,-

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

557.151,-

Total equity (Shareholders' funds)

189.259,-

Issued (subscribed) capital

100.000,-

Legal reserves

3.000,-

Profit or loss carried forward

54.327,-

Profit or loss for the previous year

11.493,-

Profit or loss for the financial year

31.932,-

Total liabilities

367.891,-

Total current liabilities

367.891,-

Current accounts payable (trade)

290.699,-

Income and social tax liabilities

55.025,-

Borrowing ratio

194,39 %

Current ratio

112,97 %

Profit margin.

1,42 %

Quick ratio

52,56 %

Return on assets

12,04 %

Return on equity.

16,87 %

Solidity or equity ratio

33,97 %

 

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

Total operating income/revenue

4.766.325,-

Main revenue (sales/turnover)

4.721.677,-

Total operating expenses

4.699.231,-

Cost of materials (type of expenditure format)

3.887.934,-

Personnel costs

288.241,-

Depreciation

16.681,-

Operating profit or loss

67.094,-

Financial income

505,-

Financial expenses

11.583,-

Result of ordinary operations

56.016,-

Extraordinary income

1.671,-

Extraordinary expenses

15.559,-

Extraordinary result

-13.887,-

Pre-tax and pre-appropriation profit or loss

56.016,-

Taxes

10.196,-

Net profit or loss

31.932,-

 

Turnover for the period: 00 0000 - 31 March 2005  in  EUR 4.282.939,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 March 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

445.823,-

Total fixed assets

107.644,-

Total intangible fixed assets

28.529,-

Concessions and industrial rights, goodwill

349,-

Total tangible fixed assets

24.606,-

Plant, machinery and equipment

1.948,-

Total financial fixed assets

54.508,-

Loans, shares and participations

28.500,-

Total Current assets

338.179,-

Inventories and work in progress (incl. prepayments)

163.856,-

Accounts receivable (trade)

150.421,-

Cash in hand and at bank

3.070,-

Total accrued income and prepaid expenses

2.146,-

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

445.823,-

Total equity (Shareholders' funds)

157.327,-

Issued (subscribed) capital

30.000,-

Legal reserves

3.000,-

Profit or loss carried forward

112.833,-

Profit or loss for the previous year

21.763,-

Profit or loss for the financial year

11.493,-

Total liabilities

288.496,-

Total long-term liabilities

1.138,-

Long-term liabilities to credit institutions

1.138,-

Total current liabilities

287.357,-

Current accounts payable (trade)

224.793,-

Income and social tax liabilities

62.564,-

Borrowing ratio

183,37 %

Current ratio

117,69 %

Debt gearing

0,72 %

Profit margin.

-0,05 %

Quick ratio

60,66 %

Return on assets

-0,46 %

Return on equity.

7,31 %

Solidity or equity ratio

35,29 %

 

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

Total operating income/revenue

4.285.964,-

Main revenue (sales/turnover)

4.282.939,-

Total operating expenses

4.288.007,-

Cost of materials (type of expenditure format)

3.524.114,-

Personnel costs

260.035,-

Depreciation

10.123,-

Operating profit or loss

-2.043,-

Financial income

3.190,-

Financial expenses

3.435,-

Result of ordinary operations

-2.288,-

Extraordinary income

75.264,-

Extraordinary expenses

52.512,-

Extraordinary result

22.751,-

Pre-tax and pre-appropriation profit or loss

-2.288,-

Taxes

8.970,-

Net profit or loss

11.493,-

 

Turnover for the period: 00 0000 - 31 March 2004  in  EUR 3.461.716,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 March 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

348.823,-

Total fixed assets

69.273,-

Total intangible fixed assets

28.180,-

Total tangible fixed assets

18.171,-

Plant, machinery and equipment

2.495,-

Total financial fixed assets

22.921,-

Loans, shares and participations

2.700,-

Total Current assets

279.550,-

Inventories and work in progress (incl. prepayments)

156.132,-

Accounts receivable (trade)

85.574,-

Cash in hand and at bank

2.500,-

Total accrued income and prepaid expenses

1.743,-

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

348.823,-

Total equity (Shareholders' funds)

145.833,-

Issued (subscribed) capital

30.000,-

Legal reserves

3.000,-

Profit or loss carried forward

91.069,-

Profit or loss for the financial year

21.763,-

Total liabilities

202.990,-

Total long-term liabilities

746,-

Long-term liabilities to credit institutions

746,-

Total current liabilities

202.244,-

Current accounts payable (trade)

152.456,-

Income and social tax liabilities

39.391,-

Borrowing ratio

139,19 %

Current ratio

138,22 %

Debt gearing

0,51 %

Profit margin.

1,10 %

Quick ratio

61,02 %

Return on assets

10,87 %

Return on equity.

14,92 %

Solidity or equity ratio

41,81 %

 

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

Total operating income/revenue

3.509.155,-

Main revenue (sales/turnover)

3.461.716,-

Total operating expenses

3.471.238,-

Cost of materials (type of expenditure format)

2.930.967,-

Personnel costs

204.028,-

Depreciation

8.263,-

Operating profit or loss

37.917,-

Financial income

3.099,-

Financial expenses

3.287,-

Result of ordinary operations

37.730,-

Extraordinary income

7.396,-

Extraordinary expenses

20.156,-

Extraordinary result

-12.759,-

Pre-tax and pre-appropriation profit or loss

37.729,-

Taxes

3.207,-

Net profit or loss

21.763,-

 

 

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