MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MENAGE SELECTION VALNET |
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Registered Office : |
Rue Pierre
Magnol, 66600 Rivesaltes |
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Country : |
France |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
02.01.1981 |
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Com. Reg. No.: |
81B00098,
PERPIGNAN, |
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Legal Form : |
Public Limited
Company (no information regarding quotation) |
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Line of Business : |
Wholesale of Miscellaneous
Household Goods |
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 40000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & Address
MENAGE SELECTION
VALNET
RUE PIERRE MAGNOL
66600 RIVESALTES FR
Tel. Number +33-4-68923630
Fax number +33-4-68926362
Business founded
02 January 1981
Business registered
11 March 1981 -
Public limited company (no information regarding quotation)
Registration number
81B00098,
PERPIGNAN,
party identification
321089757,
Legal form
Public limited
company (no information regarding quotation)
Activities
Wholesale of
miscellaneous household goods
Payment experience
Payment regular
Credit opinion
Credit opinion
Maximum credit limit
40000 EUR is advised
The exportvolume
in percentage of total sales for the company. 19,84
Financial
structure (balance sheet analysis) : Good
Cash situation
(balance sheet analysis) : Limited
Profitability
(balance sheet analysis) : Feeble
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
26
Total number of shareholders
7
Total share capital31 March 2007
EUR 627000
Bank
SMC - SG - COURTOIS
66 PERPIGNAN - BP STE ESTEPHE - BNP
Boardmembers
TRADING INVEST
2008 , REPRESENTED BY SOBRAQUES MARCEL President
SOBRAQUES
MARCEL Boardmember
SOBRAQUES
JOSETTE Boardmember
Management
SOBRAQUES
MARCEL Managing director
Auditor
CONNES
ANNE Auditor
LLENSE
HENRI Deputy auditor
(Part-) Owner
MELLE SOBRAQUES
BERNADETTE 26,20 %
MR SOBRAQUES
MARCEL JACQUES 0,20 %
MME SOBRAQUES
ISABELLE 0,20 %
MR SOBRAQUES
ERIC 0,20 %
MELLE SOBRAQUES
CHRISTINE 0,20 %
MME SOBRAQUE
JOSETTE 0,20 %
Parent company
MR SOBRAQUES MARCEL MARCEAU 63,00 %
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The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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Turnover for the period: 00 0000 - 31 March 2007 in
EUR 6.330.851,00 |
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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 March
2007 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.532.398,- |
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Total fixed assets |
772.352,- |
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Total intangible fixed assets |
319.261,- |
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Concessions and industrial rights, goodwill |
2.025,- |
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Total tangible fixed assets |
447.260,- |
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Land and buildings |
215.978,- |
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Plant, machinery and equipment |
26.251,- |
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Total financial fixed assets |
5.831,- |
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Loans, shares and participations |
5.069,- |
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Total Current assets |
2.760.046,- |
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Inventories and work in progress (incl. prepayments) |
1.850.192,- |
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Accounts receivable (trade) |
575.445,- |
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Cash in hand and at bank |
105.806,- |
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Total accrued income and prepaid expenses |
7.928,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.532.398,- |
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Total equity (Shareholders' funds) |
1.210.431,- |
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Issued (subscribed) capital |
627.000,- |
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Share premium account (capital reserve) |
25.883,- |
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Legal reserves |
28.767,- |
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Profit or loss carried forward |
17.645,- |
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Profit or loss for the previous year |
22.180,- |
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Profit or loss for the financial year |
51.269,- |
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Total provisions |
23.192,- |
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Total liabilities |
2.298.776,- |
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Total long-term liabilities |
379.923,- |
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Long-term Loans, Mortgage debts |
183.806,- |
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Long-term liabilities to credit institutions |
196.117,- |
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Total current liabilities |
1.918.852,- |
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Current accounts payable (trade) |
616.293,- |
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Income and social tax liabilities |
336.653,- |
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Borrowing ratio |
187,54 % |
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Current ratio |
143,84 % |
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Debt gearing |
31,00 % |
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Profit margin. |
2,68 % |
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Quick ratio |
47,42 % |
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Return on assets |
4,81 % |
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Return on equity. |
4,18 % |
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Solidity or equity ratio |
34,70 % |
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Corporate profit and loss account for the year: 00 0000 - 31
March 2007 in EUR |
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Total operating income/revenue |
6.374.955,- |
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Main revenue (sales/turnover) |
6.330.851,- |
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Total operating expenses |
6.205.016,- |
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Cost of materials (type of expenditure format) |
3.013.317,- |
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Personnel costs |
821.535,- |
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Depreciation |
82.116,- |
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Operating profit or loss |
169.939,- |
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Financial income |
15.719,- |
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Financial expenses |
64.904,- |
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Result of ordinary operations |
120.754,- |
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Extraordinary income |
71.444,- |
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Extraordinary expenses |
108.887,- |
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Extraordinary result |
-37.444,- |
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Pre-tax and pre-appropriation profit or loss |
120.753,- |
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Taxes |
32.041,- |
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Net profit or loss |
51.269,- |
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Turnover for the period: 00 0000 - 31 March 2006 in
EUR 5.286.193,00 |
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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 March
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.169.685,- |
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Total fixed assets |
846.060,- |
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Total intangible fixed assets |
320.604,- |
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Concessions and industrial rights, goodwill |
3.368,- |
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Total tangible fixed assets |
519.626,- |
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Land and buildings |
213.777,- |
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Plant, machinery and equipment |
32.536,- |
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Total financial fixed assets |
5.831,- |
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Loans, shares and participations |
5.069,- |
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Total Current assets |
2.323.624,- |
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Inventories and work in progress (incl. prepayments) |
1.675.937,- |
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Accounts receivable (trade) |
352.766,- |
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Cash in hand and at bank |
79.732,- |
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Total accrued income and prepaid expenses |
21.181,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.169.685,- |
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Total equity (Shareholders' funds) |
1.159.162,- |
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Issued (subscribed) capital |
627.000,- |
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Share premium account (capital reserve) |
25.883,- |
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Legal reserves |
27.657,- |
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Profit or loss carried forward |
17.645,- |
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Profit or loss for the previous year |
-59.020,- |
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Profit or loss for the financial year |
22.180,- |
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Total liabilities |
2.010.523,- |
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Total long-term liabilities |
309.061,- |
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Long-term Loans, Mortgage debts |
3.881,- |
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Long-term liabilities to credit institutions |
305.180,- |
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Total current liabilities |
1.701.462,- |
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Current accounts payable (trade) |
593.163,- |
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Income and social tax liabilities |
278.748,- |
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Borrowing ratio |
173,45 % |
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Current ratio |
136,57 % |
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Debt gearing |
26,66 % |
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Profit margin. |
1,80 % |
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Quick ratio |
38,07 % |
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Return on assets |
3,00 % |
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Return on equity. |
1,91 % |
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Solidity or equity ratio |
36,57 % |
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Corporate profit and loss account for the year: 00 0000 - 31
March 2006 in EUR |
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Total operating income/revenue |
5.324.739,- |
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Main revenue (sales/turnover) |
5.286.193,- |
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Total operating expenses |
5.229.613,- |
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Cost of materials (type of expenditure format) |
2.340.329,- |
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Personnel costs |
728.900,- |
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Depreciation |
79.157,- |
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Operating profit or loss |
95.127,- |
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Financial income |
4.240,- |
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Financial expenses |
64.924,- |
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Result of ordinary operations |
34.443,- |
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Extraordinary income |
95.651,- |
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Extraordinary expenses |
86.310,- |
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Extraordinary result |
9.341,- |
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Pre-tax and pre-appropriation profit or loss |
34.442,- |
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Taxes |
21.603,- |
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Net profit or loss |
22.180,- |
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Turnover for the period: 00 0000 - 31 March 2005 in
EUR 5.300.678,00 |
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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 March
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.271.908,- |
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Total fixed assets |
693.259,- |
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Total intangible fixed assets |
317.236,- |
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Total tangible fixed assets |
375.192,- |
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Land and buildings |
177.253,- |
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Plant, machinery and equipment |
38.529,- |
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Total financial fixed assets |
831,- |
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Loans, shares and participations |
69,- |
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Total Current assets |
2.577.328,- |
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Inventories and work in progress (incl. prepayments) |
1.655.013,- |
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Accounts receivable (trade) |
454.066,- |
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Cash in hand and at bank |
278.753,- |
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Total accrued income and prepaid expenses |
71.150,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.271.908,- |
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Total equity (Shareholders' funds) |
1.136.982,- |
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Issued (subscribed) capital |
627.000,- |
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Share premium account (capital reserve) |
25.883,- |
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Legal reserves |
27.657,- |
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Profit or loss carried forward |
76.665,- |
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Profit or loss for the financial year |
-59.020,- |
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Total liabilities |
2.134.927,- |
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Total long-term liabilities |
191.198,- |
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Long-term Loans, Mortgage debts |
3.610,- |
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Long-term liabilities to credit institutions |
187.588,- |
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Total current liabilities |
1.943.729,- |
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Current accounts payable (trade) |
783.961,- |
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Income and social tax liabilities |
343.543,- |
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Borrowing ratio |
187,77 % |
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Current ratio |
132,60 % |
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Debt gearing |
16,82 % |
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Profit margin. |
-2,53 % |
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Quick ratio |
47,45 % |
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Return on assets |
-4,09 % |
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Return on equity. |
-5,19 % |
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Solidity or equity ratio |
34,75 % |
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Corporate profit and loss account for the year: 00 0000 - 31
March 2005 in EUR |
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Total operating income/revenue |
5.354.456,- |
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Main revenue (sales/turnover) |
5.300.678,- |
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Total operating expenses |
5.488.310,- |
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Cost of materials (type of expenditure format) |
3.089.368,- |
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Personnel costs |
836.245,- |
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Depreciation |
102.716,- |
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Operating profit or loss |
-133.854,- |
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Financial income |
28.157,- |
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Financial expenses |
61.936,- |
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Result of ordinary operations |
-167.633,- |
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Extraordinary income |
554.787,- |
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Extraordinary expenses |
444.327,- |
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Extraordinary result |
110.460,- |
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Pre-tax and pre-appropriation profit or loss |
-167.633,- |
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Taxes |
1.846,- |
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Net profit or loss |
-59.020,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)