MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KDI EXPORT |
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Registered Office : |
Ctre Commerc 3 Fontaines 95000 Cergy |
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Country : |
France |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01.01.1975 |
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Com. Reg. No.: |
01B00900, PONTOISE |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Wholesale of Metals and Metal Ores |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 150000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KDI EXPORT
CTRE COMMERC
3 FONTAINES
95000 CERGY FR
Tel. Number
+33-1-30757000
Business founded
01 January 1975
Business registered
18 April 2001 -
Public limited company - board of administration
Registration number
01B00900,
PONTOISE,
party identification
301521282,
Legal form
Public limited company
- board of administration
Activities
Wholesale of
metals and metal ores
Payment experience
Payment regular
Credit opinion
Normal
creditworthiness
Maximum credit
limit 150000 EUR is advised
The export volume in
percentage of total sales for the company. 94,17
Financial
structure (balance sheet analysis) : Balanced
Cash situation
(balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Feeble
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
18
Total number of shareholders
1
Total share capital31 December 2006
EUR 880000
Bank
SG 92
AUBERVILLIERS NATEXIS 95 ROISSY - BNP
Board members
KDI , REPRESENTED BY
DELARUELLE HERVE President
Auditor
DE CALAN
GILLES Deputy auditor
Parent company
352645501 KDI 100,00
%
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The business
owns or partly owns one or more pieces of land and buildings? No
(Property) |
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Turnover for the
period: 00 0000 - 31 December 2006 in EUR 45.866.017,00 |
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Not
consolidated profit and loss turnover of the business: |
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Corporate
balance sheet for the year: 00 0000 - 31 December 2006 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
19.916.559,- |
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Total fixed assets |
36.128,- |
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Total tangible fixed assets |
26.452,- |
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Total financial fixed assets |
9.676,- |
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Total Current assets |
19.880.430,- |
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Inventories and work in progress (incl. prepayments) |
871.859,- |
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Accounts receivable (trade) |
16.327.146,- |
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Cash in hand and at bank |
2.476.710,- |
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Total accrued income and prepaid expenses |
5.718,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
19.916.559,- |
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Total equity (Shareholders' funds) |
1.626.938,- |
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Issued (subscribed) capital |
880.000,- |
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Share premium account (capital reserve) |
580.998,- |
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Legal reserves |
79.431,- |
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Profit or loss carried forward |
6.281,- |
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Profit or loss for the previous year |
252.402,- |
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Profit or loss for the financial year |
80.226,- |
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Total provisions |
284.770,- |
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Total liabilities |
18.004.850,- |
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Total long-term liabilities |
5.301.346,- |
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Long-term Loans, Mortgage debts |
5.301.346,- |
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Total current liabilities |
12.703.502,- |
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Current accounts payable (trade) |
12.096.780,- |
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Income and social tax liabilities |
305.350,- |
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Borrowing ratio |
992,07 % |
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Current ratio |
156,50 % |
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Debt gearing |
292,10 % |
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Profit margin. |
0,86 % |
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Quick ratio |
149,63 % |
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Return on assets |
1,98 % |
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Return on equity. |
4,42 % |
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Solidity or equity ratio |
9,11 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2006 in
EUR |
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Total operating income/revenue |
45.913.357,- |
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Main revenue (sales/turnover) |
45.866.017,- |
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Total operating expenses |
45.519.440,- |
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Cost of materials (type of expenditure format) |
40.446.582,- |
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Personnel costs |
731.657,- |
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Depreciation |
12.907,- |
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Operating profit or loss |
393.917,- |
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Financial income |
8.085,- |
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Financial expenses |
245.787,- |
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Result of ordinary operations |
156.215,- |
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Extraordinary income |
4.399,- |
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Extraordinary expenses |
3.550,- |
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Extraordinary result |
848,- |
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Pre-tax and pre-appropriation profit or loss |
156.215,- |
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Taxes |
65.990,- |
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Net profit or loss |
80.226,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 44.521.881,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate
balance sheet for the year: 00 0000 - 31 December 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
16.349.284,- |
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Total fixed assets |
45.600,- |
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Total tangible fixed assets |
35.924,- |
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Total financial fixed assets |
9.676,- |
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Total Current assets |
16.303.683,- |
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Inventories and work in progress (incl. prepayments) |
1.211.635,- |
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Accounts receivable (trade) |
14.366.296,- |
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Cash in hand and at bank |
487.302,- |
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Total accrued income and prepaid expenses |
6.012,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
16.349.284,- |
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Total equity (Shareholders' funds) |
1.780.462,- |
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Issued (subscribed) capital |
880.000,- |
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Share premium account (capital reserve) |
580.998,- |
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Legal reserves |
66.811,- |
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Profit or loss carried forward |
249,- |
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Profit or loss for the previous year |
245.319,- |
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Profit or loss for the financial year |
252.402,- |
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Total provisions |
246.494,- |
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Total liabilities |
14.320.694,- |
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Total long-term liabilities |
5.634.444,- |
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Long-term Loans, Mortgage debts |
5.634.444,- |
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Total current liabilities |
8.686.248,- |
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Current accounts payable (trade) |
7.986.781,- |
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Income and social tax liabilities |
335.923,- |
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Borrowing ratio |
736,98 % |
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Current ratio |
187,70 % |
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Debt gearing |
289,96 % |
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Profit margin. |
1,30 % |
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Quick ratio |
173,75 % |
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Return on assets |
3,55 % |
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Return on equity. |
12,99 % |
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Solidity or equity ratio |
11,89 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
44.606.210,- |
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Main revenue (sales/turnover) |
44.521.881,- |
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Total operating expenses |
44.026.268,- |
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Cost of materials (type of expenditure format) |
38.803.292,- |
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Personnel costs |
699.063,- |
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Depreciation |
13.142,- |
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Operating profit or loss |
579.941,- |
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Financial income |
164.534,- |
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Financial expenses |
361.719,- |
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Result of ordinary operations |
382.756,- |
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Extraordinary income |
79.182,- |
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Extraordinary expenses |
53.401,- |
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Extraordinary result |
25.781,- |
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Pre-tax and pre-appropriation profit or loss |
382.756,- |
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Taxes |
126.607,- |
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Net profit or loss |
252.402,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 44.661.137,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance
sheet for the year: 00 0000 - 31 December 2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
19.310.628,- |
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Total fixed assets |
51.689,- |
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Total intangible fixed assets |
1.582,- |
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Concessions and industrial rights, goodwill |
1.582,- |
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Total tangible fixed assets |
39.974,- |
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Total financial fixed assets |
10.133,- |
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Total Current assets |
19.257.887,- |
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Inventories and work in progress (incl. prepayments) |
1.868.051,- |
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Accounts receivable (trade) |
15.978.080,- |
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Cash in hand and at bank |
1.286.398,- |
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Total accrued income and prepaid expenses |
10.142,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
19.310.628,- |
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Total equity (Shareholders' funds) |
1.761.809,- |
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Issued (subscribed) capital |
880.000,- |
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Share premium account (capital reserve) |
580.998,- |
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Legal reserves |
54.545,- |
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Profit or loss carried forward |
945,- |
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Profit or loss for the financial year |
245.319,- |
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Total provisions |
334.727,- |
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Total liabilities |
17.213.672,- |
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Total long-term liabilities |
2.483.410,- |
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Long-term Loans, Mortgage debts |
2.483.410,- |
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Total current liabilities |
14.730.260,- |
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Current accounts payable (trade) |
12.504.686,- |
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Income and social tax liabilities |
349.912,- |
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Borrowing ratio |
868,18 % |
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Current ratio |
130,74 % |
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Debt gearing |
125,25 % |
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Profit margin. |
1,26 % |
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Quick ratio |
118,06 % |
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Return on assets |
2,91 % |
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Return on equity. |
12,37 % |
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Solidity or equity ratio |
10,27 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2004 in
EUR |
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Total operating income/revenue |
44.704.476,- |
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Main revenue (sales/turnover) |
44.661.137,- |
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Total operating expenses |
44.142.718,- |
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Cost of materials (type of expenditure format) |
41.543.582,- |
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Personnel costs |
722.343,- |
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Depreciation |
12.179,- |
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Operating profit or loss |
561.757,- |
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Financial income |
42.744,- |
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Financial expenses |
131.875,- |
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Result of ordinary operations |
472.627,- |
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Extraordinary income |
905,- |
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Extraordinary expenses |
9.400,- |
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Extraordinary result |
-8.494,- |
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Pre-tax and pre-appropriation profit or loss |
472.626,- |
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Taxes |
174.534,- |
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Net profit or loss |
245.319,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.00 |
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UK Pound |
1 |
Rs.82.14 |
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Euro |
1 |
Rs.65.09 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)