MIRA INFORM REPORT

 

 

Report Date :

24.09.2007

 

IDENTIFICATION DETAILS

 

Name :

COMPTOIR FRANCAIS DE LA MODE

 

 

Registered Office :

16 Route Ouest Du Mole Numero 1, 92230 Gennevilliers Fr

 

 

Country :

France

 

 

Financials (as on) :

31.12.2002

 

 

Date of Incorporation :

23 June 1992

 

 

Com. Reg. No.:

94B03266

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Retail sale of clothing

 

 

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 :

30000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

COMPTOIR FRANCAIS DE LA MODE

16 ROUTE OUEST DU MOLE NUMERO 1

92230 GENNEVILLIERS FR

Tel. Number       +33-1-47929000

 

 

Business founded

23 June 1992

Business registered

28 June 1994 - Public limited company - board of administration

Registration number,

94B03266, NANTERRE,

Alternative tradename(s),

CFM,

Trade name,

TOUT COMPTE FAIT - PECCA,

party identification,

387838170,

Legal form

Public limited company - board of administration

Activities

Retail sale of clothing

Payment experience

Nothing to report

Credit opinion

Credit opinion

 

Maximum credit limit 30000 EUR is advised

 

The export volume in percentage of total sales for the company.  0,00

 

Cash situation (balance sheet analysis) : Medium 

 

Commitments (regarding contractual obligations) : Fulfilled to date 

 

Payment defaults : None 

Employees (Business)

 394

Total number of shareholders

 3

Total share capital26 August 2007

EUR 14877622

Branch office(s)

63 RUE DU COMMERCE,75015 PARIS 15   

 

74 RUE CROZATIER,75012 PARIS 12   

 

115 AVENUE VICTOR HUGO,75116 PARIS 16   

 

11 RUE DE LEVIS,75017 PARIS 17   

 

23 AVENUE SECRETAN,75019 PARIS 19   

 

   Others

Bank

BNP AG ENT 93 ST DENIS   

Boardmembers

SASPORTES JUDITH   Chairman of the board

 

SASPORTES JUDITH   Boardmember

 

HEMPRICH VOLKER   Boardmember

 

BONVIN BRUNO   Boardmember

 

EBERHARD PHILIPPE   Boardmember

Management

SASPORTES JUDITH   Managing director

Auditor

DE LA CHAISE PHILIPPE   Auditor

 

GEISLER EMMANUEL   Deputy auditor

(Part-) Owner

FINCOS LUXEMBOURG   

 

DIRIGEANTS   

Parent company :

MCTRUSTCO SUISSE   

 

 

 

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

 

Turnover for the period: 00 0000 - 31 December 2002  in  EUR 62.418.947,00

 Consolidated group profit and loss turnover: 

 

Consolidated balance sheet for the year: 00 0000 - 31 December 2002  in  EUR 

Total assets incl. prepaid expenses and accrued income

36.776.190,-

Total fixed assets

24.399.888,-

Total intangible fixed assets

11.872.587,-

Concessions and industrial rights, goodwill

59.612,-

Total tangible fixed assets

10.507.751,-

Land and buildings

8.566.184,-

Plant, machinery and equipment

1.242.201,-

Total financial fixed assets

2.019.550,-

Loans, shares and participations

381.123,-

Total Current assets

12.376.302,-

Inventories and work in progress (incl. prepayments)

7.761.014,-

Accounts receivable (trade)

816.563,-

Investments (short-term)

1.000.726,-

Cash in hand and at bank

84.153,-

Total accrued income and prepaid expenses

2.043.391,-

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

36.776.190,-

Total equity (Shareholders' funds)

18.364.184,-

Issued (subscribed) capital

27.801.245,-

Share premium account (capital reserve)

7.521,-

Total provisions

368.833,-

Total liabilities

18.043.173,-

Total long-term liabilities

3.433.272,-

Long-term Loans, Mortgage debts

2.181.012,-

Long-term liabilities to credit institutions

1.252.260,-

Total current liabilities

14.609.900,-

Current accounts payable (trade)

5.124.682,-

Income and social tax liabilities

3.712.994,-

Borrowing ratio

96,97 %

Current ratio

84,71 %

Debt gearing

18,45 %

Profit margin.

-1,77 %

Quick ratio

31,59 %

Return on assets

-3,00 %

Return on equity.

0,05 %

Solidity or equity ratio

50,60 %

 

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

Total operating income/revenue

63.416.520,-

Main revenue (sales/turnover)

62.418.947,-

Total operating expenses

64.521.264,-

Cost of materials (type of expenditure format)

31.231.119,-

Personnel costs

11.896.175,-

Depreciation

2.558.980,-

Operating profit or loss

-1.104.744,-

Financial income

220.891,-

Financial expenses

394.695,-

Result of ordinary operations

-1.278.548,-

Extraordinary income

4.095.876,-

Extraordinary expenses

2.808.404,-

Extraordinary result

1.287.472,-

Pre-tax and pre-appropriation profit or loss

-1.278.548,-

Net profit or loss

8.924,-

 

Turnover for the period: 00 0000 - 31 December 2001  in  EUR 62.294.767,00

 Consolidated group profit and loss turnover: 

 

Consolidated balance sheet for the year: 00 0000 - 31 December 2001  in  EUR 

Total assets incl. prepaid expenses and accrued income

33.676.207,-

Total fixed assets

22.014.996,-

Total intangible fixed assets

10.757.758,-

Concessions and industrial rights, goodwill

32.430,-

Total tangible fixed assets

8.994.823,-

Land and buildings

7.746.489,-

Plant, machinery and equipment

949.583,-

Total financial fixed assets

2.262.416,-

Loans, shares and participations

686.021,-

Total Current assets

11.661.211,-

Inventories and work in progress (incl. prepayments)

5.460.737,-

Accounts receivable (trade)

752.112,-

Investments (short-term)

150.729,-

Cash in hand and at bank

2.698.088,-

Total accrued income and prepaid expenses

1.584.132,-

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

33.676.207,-

Total equity (Shareholders' funds)

18.610.869,-

Issued (subscribed) capital

27.801.245,-

Share premium account (capital reserve)

7.521,-

Total provisions

358.560,-

Total liabilities

14.706.778,-

Total long-term liabilities

3.385.374,-

Long-term Loans, Mortgage debts

1.846.973,-

Long-term liabilities to credit institutions

1.538.401,-

Total current liabilities

11.321.403,-

Current accounts payable (trade)

6.327.877,-

Income and social tax liabilities

3.320.906,-

Borrowing ratio

78,03 %

Current ratio

103,00 %

Debt gearing

17,96 %

Profit margin.

-2,01 %

Quick ratio

54,77 %

Return on assets

-3,72 %

Return on equity.

74,42 %

Solidity or equity ratio

55,97 %

 

Consolidated profit and loss account for the year: 00 0000 - 31 December 2001  in  EUR 

Total operating income/revenue

65.144.279,-

Main revenue (sales/turnover)

62.294.767,-

Total operating expenses

66.395.829,-

Cost of materials (type of expenditure format)

26.929.655,-

Personnel costs

11.523.469,-

Depreciation

3.429.091,-

Operating profit or loss

-1.251.550,-

Financial income

56.083,-

Financial expenses

407.565,-

Result of ordinary operations

-1.603.033,-

Extraordinary income

22.611.727,-

Extraordinary expenses

6.942.281,-

Extraordinary result

15.669.447,-

Pre-tax and pre-appropriation profit or loss

-1.603.033,-

Taxes

40.323,-

Net profit or loss

14.026.091,-

 

 

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