MIRA
INFORM REPORT
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Report Date : |
09.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALIZE
INTERNATIONAL |
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Registered Office : |
1 Allee Francois Joseph Broussais 56000 Vannes |
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Country : |
France |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
01.03.1996 |
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Com. Reg. No.: |
02B00484, VANNES |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesale Distribution of Miscellaneous Food including Fish, Crustaceans and Mollusca |
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
ALIZE
INTERNATIONAL
1 ALLEE FRANCOIS
JOSEPH BROUSSAIS
56000 VANNES FR
Tel. Number +33-2-97626560
Fax number
+33-2-97626561
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Business founded |
01 March 1996 |
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Business registered |
05 April 1996 - Public limited company (no information regarding
quotation) |
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Registration number, |
02B00484, VANNES, |
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party identification, |
404526683, |
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Legal form |
Public limited company (no information regarding quotation) |
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Activities |
Wholesale distribution of miscellaneous food including fish,
crustaceans and mollusca |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Maximum credit limit 150000 EUR is advised |
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The export volume in
percentage of total sales for the company. 36,68 |
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Financial structure (balance sheet analysis) : Good |
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Cash situation (balance sheet analysis) : Good |
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Profitability (balance sheet analysis) : Normal |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Employees (Business) |
6 |
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Total number of shareholders |
2 |
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Total share capital30 June 2007 |
EUR 160000 |
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Branch office(s) |
144 RUE DE CHEVILLY,94240 L HAY LES ROSES |
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Others |
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Bank |
CCF 94 RUNGIS - BNP |
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Board members |
DAVID CHRISTOPHE President |
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Auditor |
ACN AUDIT , REPRESENTED BY NOUGUEREDE ALAIN Auditor |
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(Part-) Owner |
422196642 ABCD HOLDING 40,00
% |
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Parent company : |
MR DAVID CHRISTOPHE 60,00 % |
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Subsidiary company. |
423261031 ALIZE 98,00
% |
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Associate company. |
377637236 GASTRONOMIE DES
FJORDS 33,40 % |
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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 - 30 June 2007 in
EUR 26.360.864,00 |
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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 - 30 June
2007 in EUR |
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Total assets incl. prepaid expenses and accrued income |
7.786.918,- |
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Total fixed assets |
1.362.787,- |
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Total tangible fixed assets |
80.807,- |
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Total financial fixed assets |
1.281.979,- |
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Loans, shares and participations |
966.527,- |
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Total Current assets |
6.423.674,- |
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Inventories and work in progress (incl. prepayments) |
1.919.024,- |
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Accounts receivable (trade) |
1.995.299,- |
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Cash in hand and at bank |
2.402.989,- |
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Total accrued income and prepaid expenses |
4.183,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
7.786.918,- |
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Total equity (Shareholders' funds) |
3.572.506,- |
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Issued (subscribed) capital |
160.000,- |
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Legal reserves |
16.000,- |
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Profit or loss for the previous year |
542.600,- |
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Profit or loss for the financial year |
832.209,- |
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Total provisions |
8.127,- |
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Total liabilities |
4.203.124,- |
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Total long-term liabilities |
270.026,- |
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Long-term Loans, Mortgage debts |
9.930,- |
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Long-term liabilities to credit institutions |
260.096,- |
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Total current liabilities |
3.933.098,- |
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Current accounts payable (trade) |
3.299.479,- |
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Income and social tax liabilities |
376.879,- |
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Borrowing ratio |
117,48 % |
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Current ratio |
163,32 % |
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Debt gearing |
7,55 % |
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Profit margin. |
5,34 % |
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Quick ratio |
114,53 % |
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Return on assets |
18,08 % |
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Return on equity. |
23,26 % |
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Solidity or equity ratio |
45,95 % |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2007 in EUR |
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Total operating income/revenue |
26.409.742,- |
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Main revenue (sales/turnover) |
26.360.864,- |
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Total operating expenses |
25.001.605,- |
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Cost of materials (type of expenditure format) |
24.001.163,- |
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Personnel costs |
334.214,- |
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Depreciation |
120.826,- |
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Operating profit or loss |
1.408.137,- |
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Financial income |
29.889,- |
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Financial expenses |
179.351,- |
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Result of ordinary operations |
1.258.675,- |
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Extraordinary income |
76.890,- |
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Extraordinary expenses |
70.894,- |
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Extraordinary result |
5.996,- |
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Pre-tax and pre-appropriation profit or loss |
1.258.675,- |
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Taxes |
432.462,- |
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Net profit or loss |
832.209,- |
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Turnover for the period: 00 0000 - 30 June 2006 in
EUR 23.768.002,00 |
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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 - 30 June
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
6.331.875,- |
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Total fixed assets |
1.197.691,- |
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Total intangible fixed assets |
657,- |
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Concessions and industrial rights, goodwill |
657,- |
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Total tangible fixed assets |
172.621,- |
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Plant, machinery and equipment |
87.923,- |
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Total financial fixed assets |
1.024.412,- |
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Loans, shares and participations |
780.764,- |
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Total Current assets |
5.133.445,- |
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Inventories and work in progress (incl. prepayments) |
1.674.178,- |
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Accounts receivable (trade) |
1.695.467,- |
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Cash in hand and at bank |
1.630.762,- |
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Total accrued income and prepaid expenses |
10.139,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
6.331.875,- |
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Total equity (Shareholders' funds) |
3.040.297,- |
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Issued (subscribed) capital |
160.000,- |
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Legal reserves |
16.000,- |
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Profit or loss for the previous year |
468.654,- |
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Profit or loss for the financial year |
542.600,- |
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Total provisions |
8.409,- |
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Total liabilities |
3.282.057,- |
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Total long-term liabilities |
368.951,- |
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Long-term Loans, Mortgage debts |
10.178,- |
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Long-term liabilities to credit institutions |
358.773,- |
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Total current liabilities |
2.913.107,- |
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Current accounts payable (trade) |
2.353.515,- |
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Income and social tax liabilities |
286.927,- |
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Borrowing ratio |
107,76 % |
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Current ratio |
176,22 % |
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Debt gearing |
12,11 % |
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Profit margin. |
4,54 % |
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Quick ratio |
118,75 % |
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Return on assets |
17,04 % |
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Return on equity. |
17,81 % |
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Solidity or equity ratio |
48,10 % |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2006 in EUR |
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Total operating income/revenue |
23.933.527,- |
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Main revenue (sales/turnover) |
23.768.002,- |
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Total operating expenses |
22.854.869,- |
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Cost of materials (type of expenditure format) |
22.560.871,- |
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Personnel costs |
314.175,- |
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Depreciation |
142.434,- |
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Operating profit or loss |
1.078.658,- |
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Financial income |
242.323,- |
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Financial expenses |
162.939,- |
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Result of ordinary operations |
1.158.042,- |
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Extraordinary income |
67.677,- |
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Extraordinary expenses |
393.654,- |
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Extraordinary result |
-325.978,- |
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Pre-tax and pre-appropriation profit or loss |
1.158.043,- |
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Taxes |
289.465,- |
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Net profit or loss |
542.600,- |
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Turnover for the period: 00 0000 - 30 June 2005 in
EUR 19.118.473,00 |
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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 - 30 June
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
5.894.008,- |
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Total fixed assets |
1.364.903,- |
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Total tangible fixed assets |
247.452,- |
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Plant, machinery and equipment |
219.989,- |
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Total financial fixed assets |
1.117.451,- |
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Loans, shares and participations |
756.220,- |
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Total Current assets |
4.522.658,- |
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Inventories and work in progress (incl. prepayments) |
829.658,- |
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Accounts receivable (trade) |
1.791.987,- |
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Cash in hand and at bank |
1.617.820,- |
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Total accrued income and prepaid expenses |
10.169,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.894.008,- |
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Total equity (Shareholders' funds) |
2.677.697,- |
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Issued (subscribed) capital |
160.000,- |
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Legal reserves |
16.000,- |
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Profit or loss for the financial year |
468.654,- |
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Total provisions |
14.117,- |
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Total liabilities |
3.202.097,- |
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Total long-term liabilities |
434.485,- |
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Long-term Loans, Mortgage debts |
8.126,- |
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Long-term liabilities to credit institutions |
426.359,- |
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Total current liabilities |
2.767.611,- |
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Current accounts payable (trade) |
2.476.669,- |
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Income and social tax liabilities |
184.336,- |
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Borrowing ratio |
119,17 % |
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Current ratio |
163,41 % |
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Debt gearing |
16,17 % |
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Profit margin. |
4,32 % |
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Quick ratio |
133,44 % |
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Return on assets |
14,00 % |
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Return on equity. |
17,44 % |
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Solidity or equity ratio |
45,59 % |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2005 in EUR |
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Total operating income/revenue |
19.267.696,- |
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Main revenue (sales/turnover) |
19.118.473,- |
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Total operating expenses |
18.442.608,- |
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Cost of materials (type of expenditure format) |
16.703.322,- |
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Personnel costs |
291.685,- |
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Depreciation |
139.553,- |
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Operating profit or loss |
825.089,- |
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Financial income |
69.520,- |
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Financial expenses |
270.757,- |
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Result of ordinary operations |
623.852,- |
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Extraordinary income |
202.430,- |
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Extraordinary expenses |
99.183,- |
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Extraordinary result |
103.247,- |
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Pre-tax and pre-appropriation profit or loss |
623.852,- |
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Taxes |
258.444,- |
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Net profit or loss |
468.654,- |
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 |
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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%)