MIRA INFORM REPORT

 

 

Report Date :

19.02.2008

 

IDENTIFICATION DETAILS

 

Name :

CORONET DIAM

 

 

Registered Office :

43 AV Felix Louat 60300 Senlis 

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1954

 

 

Com. Reg. No.:

83B00152, SENLIS

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of Brooms and Brushes

 

 

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 :

EUR  20000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 name & address

 

CORONET DIAM

 43 AV FELIX LOUAT

 60300 SENLIS FR

Tel. Number +33-3-44622900

 

 

 

Business founded

00 1954

Business registered

17 October 1983 - Public limited company (no information regarding quotation)

Registration number,

83B00152, SENLIS,

party identification,

542067111,

Legal form

Public limited company (no information regarding quotation)

Activities

Manufacture of brooms and brushes

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 20000 EUR is advised

 

The export volume in percentage of total sales for the company.  1,00

 

Financial structure (balance sheet analysis) : Extremely unbalanced 

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Nil (refer to earnings before taxes) 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 22

Total number of shareholders

 1

Total share capital31 December 2006

EUR 150012

Bank

SG 60 CREPY EN VALOIS, COMMERZBANK 75 PARIS 02   

Board members

NOLLE DETLEF-EUGEN   President

Parent company :

MERKADO   100,00 %   

 

 

 

 

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

 

Turnover for the period: 00 0000 - 31 December 2006  in  EUR 3.115.605,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

1.692.705,-

Total fixed assets

200.121,-

Total tangible fixed assets

50.074,-

Land and buildings

29.992,-

Plant, machinery and equipment

2.831,-

Total financial fixed assets

150.044,-

Loans, shares and participations

139.687,-

Investments (long-term)

240,-

Total Current assets

1.492.584,-

Inventories and work in progress (incl. prepayments)

980.634,-

Accounts receivable (trade)

88.661,-

Cash in hand and at bank

163.962,-

Total accrued income and prepaid expenses

60.049,-

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

1.692.705,-

Total equity (Shareholders' funds)

-148.450,-

Issued (subscribed) capital

150.012,-

Share premium account (capital reserve)

344.505,-

Legal reserves

9.832,-

Profit or loss carried forward

-2.579.243,-

Profit or loss for the previous year

-392.555,-

Profit or loss for the financial year

377.019,-

Total provisions

41.700,-

Total liabilities

1.799.455,-

Total long-term liabilities

930.000,-

Long-term Loans, Mortgage debts

930.000,-

Total current liabilities

869.454,-

Current accounts payable (trade)

616.875,-

Income and social tax liabilities

84.969,-

Borrowing ratio

-1488,03 %

Current ratio

171,67 %

Debt gearing

-769,05 %

Profit margin.

-11,58 %

Quick ratio

58,88 %

Return on assets

-21,31 %

Return on equity.

-311,77 %

Solidity or equity ratio

-7,14 %

 

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

Total operating income/revenue

3.149.231,-

Main revenue (sales/turnover)

3.115.605,-

Total operating expenses

3.509.940,-

Cost of materials (type of expenditure format)

1.698.100,-

Personnel costs

337.344,-

Depreciation

23.818,-

Operating profit or loss

-360.708,-

Financial income

13.536,-

Financial expenses

156.724,-

Result of ordinary operations

-503.896,-

Extraordinary income

1.153.694,-

Extraordinary expenses

257.777,-

Extraordinary result

895.917,-

Pre-tax and pre-appropriation profit or loss

-503.897,-

Taxes

15.000,-

Net profit or loss

377.020,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 4.729.118,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

2.481.622,-

Total fixed assets

610.669,-

Total intangible fixed assets

100,-

Concessions and industrial rights, goodwill

100,-

Total tangible fixed assets

47.081,-

Land and buildings

10.105,-

Plant, machinery and equipment

4.355,-

Total financial fixed assets

563.485,-

Loans, shares and participations

541.074,-

Investments (long-term)

240,-

Total Current assets

1.870.953,-

Inventories and work in progress (incl. prepayments)

1.142.824,-

Accounts receivable (trade)

135.964,-

Cash in hand and at bank

304.599,-

Total accrued income and prepaid expenses

27.692,-

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

2.481.622,-

Total equity (Shareholders' funds)

-525.470,-

Issued (subscribed) capital

150.012,-

Share premium account (capital reserve)

344.505,-

Legal reserves

9.832,-

Profit or loss carried forward

-2.186.687,-

Profit or loss for the previous year

-690.674,-

Profit or loss for the financial year

-392.555,-

Total provisions

56.700,-

Total liabilities

2.950.392,-

Total long-term liabilities

2.309.910,-

Long-term liabilities to credit institutions

2.309.910,-

Total current liabilities

640.482,-

Current accounts payable (trade)

429.116,-

Income and social tax liabilities

118.311,-

Borrowing ratio

-604,53 %

Current ratio

292,12 %

Debt gearing

-473,29 %

Profit margin.

-12,92 %

Quick ratio

113,68 %

Return on assets

-24,62 %

Return on equity.

80,43 %

Solidity or equity ratio

-19,67 %

 

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

Total operating income/revenue

4.831.467,-

Main revenue (sales/turnover)

4.729.118,-

Total operating expenses

5.442.426,-

Cost of materials (type of expenditure format)

3.208.201,-

Personnel costs

468.508,-

Depreciation

45.173,-

Operating profit or loss

-610.958,-

Financial income

484,-

Financial expenses

157.303,-

Result of ordinary operations

-767.776,-

Extraordinary income

4.269.115,-

Extraordinary expenses

3.893.893,-

Extraordinary result

375.221,-

Pre-tax and pre-appropriation profit or loss

-767.777,-

Net profit or loss

-392.555,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 4.976.836,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

3.185.163,-

Total fixed assets

1.496.591,-

Total tangible fixed assets

1.335.073,-

Land and buildings

1.273.399,-

Plant, machinery and equipment

6.226,-

Total financial fixed assets

161.517,-

Loans, shares and participations

139.106,-

Investments (long-term)

240,-

Total Current assets

1.688.571,-

Inventories and work in progress (incl. prepayments)

839.251,-

Accounts receivable (trade)

381.404,-

Cash in hand and at bank

125.802,-

Total accrued income and prepaid expenses

57.081,-

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

3.185.163,-

Total equity (Shareholders' funds)

-132.914,-

Issued (subscribed) capital

150.012,-

Share premium account (capital reserve)

344.505,-

Legal reserves

9.832,-

Revaluation reserves

1.083.488,-

Profit or loss carried forward

-1.496.013,-

Profit or loss for the financial year

-690.674,-

Total provisions

94.400,-

Total liabilities

3.223.678,-

Total long-term liabilities

2.413.245,-

Long-term Loans, Mortgage debts

100.000,-

Long-term liabilities to credit institutions

2.313.245,-

Total current liabilities

810.430,-

Current accounts payable (trade)

525.459,-

Income and social tax liabilities

142.818,-

Borrowing ratio

-2,48 %

Current ratio

208,35 %

Debt gearing

-1,86 %

Profit margin.

-7,37 %

Quick ratio

104,80 %

Return on assets

-11,52 %

Return on equity.

978,15 %

Solidity or equity ratio

-2,22 %

 

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

Total operating income/revenue

5.103.232,-

Main revenue (sales/turnover)

4.976.836,-

Total operating expenses

5.470.099,-

Cost of materials (type of expenditure format)

2.727.819,-

Personnel costs

488.950,-

Depreciation

63.969,-

Operating profit or loss

-366.866,-

Financial income

54,-

Financial expenses

196.703,-

Result of ordinary operations

-563.514,-

Extraordinary income

19.900,-

Extraordinary expenses

147.058,-

Extraordinary result

-127.158,-

Pre-tax and pre-appropriation profit or loss

-563.515,-

Net profit or loss

-690.674,-

 

 

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