MIRA INFORM REPORT

 

 

Report Date :

04.09.2007

 

IDENTIFICATION DETAILS

 

Name :

SAS JEAN LOUIS BOYERE

 

 

Registered Office :

Lieu-Dit Le Launay, 53420 Chailland Fr

 

 

Country :

France

 

 

Financials (as on) :

31.08.2006

 

 

Date of Incorporation :

25 August 1989

 

 

Com. Reg. No.:

92B00060

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Non-specialized wholesale of food, beverages and tobacco

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

7500 EUR

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

name & address

 

SAS JEAN LOUIS BOYERE

LIEU-DIT LE LAUNAY

53420 CHAILLAND FR

Tel. Number       +33-2-43027777

Fax number       +33-2-43026630

 

 

Business founded

25 August 1989

Business registered

15 September 1989 - Public limited company (no information regarding quotation)

Registration number,

92B00060, LAVAL,

party identification,

351916721,

Legal form

Public limited company (no information regarding quotation)

Activities

Non-specialized wholesale of food, beverages and tobacco

Payment experience

Nothing to report

Credit opinion

Credit opinion

 

Maximum credit limit 7500 EUR is advised

 

The export volume in percentage of total sales for the company.  4,36

 

Financial structure (balance sheet analysis) : Sufficient 

 

Cash situation (balance sheet analysis) : Limited 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Fulfilled to date 

 

Payment defaults : None 

Employees (Business)

 6

Total number of shareholders

 1

Total share capital31 August 2006

EUR 95000

Bank

BPO 53 LAVAL - CM 53 ERNEE - BNP   

Boardmembers

BOYERE DAMIEN   President

Management

BOYERE JEAN-MARIE   Managing director

Auditor

MARTEAU THIERRY   Deputy auditor

Parent company :

FAMILLE BOYERE   100,00 %   

Subsidiary company.

395364441   VIJAYA   99,60 %   

Affiliate. A company which is affiliated with the Business.

409166279   PROVINCES BIO PRODUITS NATURELS ET BIOLOGIQUES   16,38 %   

 

 

 

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

 

Turnover for the period: 00 0000 - 31 August 2006  in  EUR 2.419.413,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

1.390.062,-

Total fixed assets

678.724,-

Total intangible fixed assets

201.771,-

Concessions and industrial rights, goodwill

6.148,-

Total tangible fixed assets

378.251,-

Land and buildings

51.365,-

Plant, machinery and equipment

201.843,-

Total financial fixed assets

98.702,-

Loans, shares and participations

97.141,-

Investments (long-term)

1.262,-

Total Current assets

711.338,-

Inventories and work in progress (incl. prepayments)

577.946,-

Accounts receivable (trade)

28.903,-

Cash in hand and at bank

12.955,-

Total accrued income and prepaid expenses

35.635,-

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

1.390.062,-

Total equity (Shareholders' funds)

617.264,-

Issued (subscribed) capital

95.000,-

Legal reserves

9.500,-

Profit or loss for the previous year

95.489,-

Profit or loss for the financial year

-160.949,-

Total liabilities

772.799,-

Total long-term liabilities

456.139,-

Long-term Loans, Mortgage debts

455.035,-

Long-term liabilities to credit institutions

1.104,-

Total current liabilities

316.660,-

Current accounts payable (trade)

101.546,-

Income and social tax liabilities

30.915,-

Borrowing ratio

125,20 %

Current ratio

224,64 %

Debt gearing

73,90 %

Profit margin.

-6,10 %

Quick ratio

42,12 %

Return on assets

-10,61 %

Return on equity.

-26,07 %

Solidity or equity ratio

44,41 %

 

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

Total operating income/revenue

2.439.829,-

Main revenue (sales/turnover)

2.419.413,-

Total operating expenses

2.587.339,-

Cost of materials (type of expenditure format)

1.842.410,-

Personnel costs

96.448,-

Depreciation

102.529,-

Operating profit or loss

-147.510,-

Financial income

8.501,-

Financial expenses

37.234,-

Result of ordinary operations

-176.243,-

Extraordinary income

38.000,-

Extraordinary expenses

22.705,-

Extraordinary result

15.295,-

Pre-tax and pre-appropriation profit or loss

-176.243,-

Net profit or loss

-160.948,-

 

Turnover for the period: 00 0000 - 31 August 2005  in  EUR 2.359.039,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

1.613.968,-

Total fixed assets

702.254,-

Total intangible fixed assets

202.141,-

Concessions and industrial rights, goodwill

6.518,-

Total tangible fixed assets

401.631,-

Land and buildings

56.535,-

Plant, machinery and equipment

246.618,-

Total financial fixed assets

98.482,-

Loans, shares and participations

97.141,-

Investments (long-term)

1.042,-

Total Current assets

911.715,-

Inventories and work in progress (incl. prepayments)

423.721,-

Accounts receivable (trade)

32.639,-

Cash in hand and at bank

316.068,-

Total accrued income and prepaid expenses

50.904,-

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

1.613.968,-

Total equity (Shareholders' funds)

778.213,-

Issued (subscribed) capital

95.000,-

Legal reserves

9.500,-

Profit or loss for the previous year

59.820,-

Profit or loss for the financial year

95.489,-

Total liabilities

835.755,-

Total long-term liabilities

519.389,-

Long-term Loans, Mortgage debts

364.924,-

Long-term liabilities to credit institutions

154.465,-

Total current liabilities

316.365,-

Current accounts payable (trade)

204.770,-

Income and social tax liabilities

39.045,-

Borrowing ratio

107,39 %

Current ratio

288,18 %

Debt gearing

66,74 %

Profit margin.

6,22 %

Quick ratio

154,25 %

Return on assets

9,09 %

Return on equity.

12,27 %

Solidity or equity ratio

48,22 %

 

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

Total operating income/revenue

2.370.912,-

Main revenue (sales/turnover)

2.359.039,-

Total operating expenses

2.224.190,-

Cost of materials (type of expenditure format)

1.512.907,-

Personnel costs

86.295,-

Depreciation

128.617,-

Operating profit or loss

146.722,-

Financial income

13.634,-

Financial expenses

28.099,-

Result of ordinary operations

132.258,-

Extraordinary expenses

11,-

Extraordinary result

-11,-

Pre-tax and pre-appropriation profit or loss

132.257,-

Taxes

36.757,-

Net profit or loss

95.489,-

 

Turnover for the period: 00 0000 - 31 August 2004  in  EUR 2.041.790,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

1.267.998,-

Total fixed assets

432.726,-

Total intangible fixed assets

200.511,-

Concessions and industrial rights, goodwill

4.888,-

Total tangible fixed assets

133.733,-

Land and buildings

26.721,-

Plant, machinery and equipment

37.130,-

Total financial fixed assets

98.482,-

Loans, shares and participations

97.141,-

Investments (long-term)

1.042,-

Total Current assets

835.272,-

Inventories and work in progress (incl. prepayments)

325.468,-

Accounts receivable (trade)

42.025,-

Cash in hand and at bank

279.655,-

Total accrued income and prepaid expenses

56.737,-

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

1.267.998,-

Total equity (Shareholders' funds)

682.724,-

Issued (subscribed) capital

95.000,-

Legal reserves

9.500,-

Profit or loss for the financial year

59.820,-

Total liabilities

585.273,-

Total long-term liabilities

32.809,-

Long-term Loans, Mortgage debts

24.023,-

Long-term liabilities to credit institutions

8.786,-

Total current liabilities

552.464,-

Current accounts payable (trade)

322.786,-

Income and social tax liabilities

44.445,-

Borrowing ratio

85,73 %

Current ratio

151,19 %

Debt gearing

4,81 %

Profit margin.

4,56 %

Quick ratio

92,28 %

Return on assets

7,35 %

Return on equity.

8,76 %

Solidity or equity ratio

53,84 %

 

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

Total operating income/revenue

2.053.224,-

Main revenue (sales/turnover)

2.041.790,-

Total operating expenses

1.960.031,-

Cost of materials (type of expenditure format)

1.270.113,-

Personnel costs

78.244,-

Depreciation

32.017,-

Operating profit or loss

93.193,-

Financial income

34.261,-

Financial expenses

20.488,-

Result of ordinary operations

106.966,-

Extraordinary income

21.692,-

Extraordinary expenses

38.004,-

Extraordinary result

-16.312,-

Pre-tax and pre-appropriation profit or loss

106.966,-

Taxes

30.834,-

Net profit or loss

59.819,-

 

 

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