MIRA INFORM REPORT

 

 

Report Date :

27.02.2008

 

 

IDENTIFICATION DETAILS

 

Name :

SOCIETE AFFICHE

 

 

Registered Office :

4 Avenue Des Pays Bas  69330 Meyzieu 

 

 

Country :

France

 

 

Financials (as on) :

30.06.2007

 

 

Date of Incorporation :

01.02.1986

 

 

Com. Reg. No.:

86B00440, LYON

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Wholesale of Clothing and Footwear

 

 

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 80000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

name & address

 

SOCIETE AFFICHE

 4 AVENUE DES PAYS BAS

 69330 MEYZIEU FR

Tel. Number +33-4-78041282

Fax number +33-4-78318682

 

 

 

 

 

Business founded

01 February 1986

Business registered

27 February 1986 - Public limited company (no information regarding quotation)

Registration number,

86B00440, LYON,

party identification,

334914785,

Legal form

Public limited company (no information regarding quotation)

Activities

Wholesale of clothing and footwear

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 80000 EUR is advised

 

The export volume in percentage of total sales for the company.  3,45

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Outstanding 

 

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

 

Payment defaults : None 

Employees (Business)

 8

Total share capital30 June 2007

EUR 230000

Bank

BP AG GUILLOTIERE 69 LYON 03 - BNP - CCF   

Board members

SENANEDJ PIERRE   President

Management

SENANEDJ ROSE   Managing director

Auditor

PAU GIRAUD   Auditor

 

NEOLIER ANDREE   Auditor

 

NEOLIER ANDREE   Deputy auditor

 

PERNET JEAN-MARC   Deputy auditor

 

 

 

 

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

 

Turnover for the period: 00 0000 - 30 June 2007  in  EUR 4.235.695,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2007  in  EUR 

Total assets incl. prepaid expenses and accrued income

4.371.892,-

Total fixed assets

463.598,-

Total tangible fixed assets

425.681,-

Land and buildings

258.470,-

Total financial fixed assets

37.916,-

Loans, shares and participations

36.392,-

Total Current assets

3.889.890,-

Inventories and work in progress (incl. prepayments)

359.872,-

Accounts receivable (trade)

268.456,-

Investments (short-term)

2.017.239,-

Cash in hand and at bank

1.112.186,-

Total accrued income and prepaid expenses

23.655,-

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

4.371.892,-

Total equity (Shareholders' funds)

4.068.246,-

Issued (subscribed) capital

230.000,-

Legal reserves

23.000,-

Profit or loss for the previous year

708.947,-

Profit or loss for the financial year

689.195,-

Total provisions

43.722,-

Total liabilities

259.924,-

Total long-term liabilities

3.864,-

Long-term Loans, Mortgage debts

3.864,-

Total current liabilities

254.501,-

Current accounts payable (trade)

46.619,-

Income and social tax liabilities

17.655,-

Total accrued expenses and deferred income

1.559,-

Borrowing ratio

6,34 %

Current ratio

1519,13 %

Debt gearing

0,09 %

Profit margin.

21,39 %

Quick ratio

1378,59 %

Return on assets

20,72 %

Return on equity.

16,82 %

Solidity or equity ratio

93,71 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2007  in  EUR 

Total operating income/revenue

4.244.167,-

Main revenue (sales/turnover)

4.235.695,-

Total operating expenses

3.338.154,-

Cost of materials (type of expenditure format)

2.012.391,-

Personnel costs

192.935,-

Depreciation

54.735,-

Operating profit or loss

906.013,-

Financial income

152.088,-

Financial expenses

23.075,-

Result of ordinary operations

1.035.027,-

Extraordinary income

56.534,-

Extraordinary expenses

71.871,-

Extraordinary result

-15.337,-

Pre-tax and pre-appropriation profit or loss

1.035.027,-

Taxes

330.495,-

Net profit or loss

689.195,-

 

Turnover for the period: 00 0000 - 30 June 2006  in  EUR 4.070.785,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

4.192.907,-

Total fixed assets

388.015,-

Total tangible fixed assets

366.749,-

Land and buildings

282.214,-

Total financial fixed assets

21.267,-

Loans, shares and participations

19.742,-

Total Current assets

3.804.892,-

Inventories and work in progress (incl. prepayments)

622.766,-

Accounts receivable (trade)

145.840,-

Investments (short-term)

1.816.153,-

Cash in hand and at bank

1.187.993,-

Total accrued income and prepaid expenses

4.918,-

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

4.192.907,-

Total equity (Shareholders' funds)

3.979.051,-

Issued (subscribed) capital

230.000,-

Legal reserves

23.000,-

Profit or loss for the previous year

869.700,-

Profit or loss for the financial year

708.947,-

Total provisions

12.295,-

Total liabilities

201.562,-

Total long-term liabilities

3.864,-

Long-term Loans, Mortgage debts

3.864,-

Total current liabilities

197.697,-

Current accounts payable (trade)

20.249,-

Income and social tax liabilities

42.063,-

Borrowing ratio

5,06 %

Current ratio

1924,60 %

Debt gearing

0,10 %

Profit margin.

24,35 %

Quick ratio

1609,59 %

Return on assets

23,64 %

Return on equity.

17,78 %

Solidity or equity ratio

95,09 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2006  in  EUR 

Total operating income/revenue

4.109.983,-

Main revenue (sales/turnover)

4.070.785,-

Total operating expenses

3.118.669,-

Cost of materials (type of expenditure format)

2.236.041,-

Personnel costs

180.538,-

Depreciation

41.689,-

Operating profit or loss

991.314,-

Financial income

99.522,-

Financial expenses

34.060,-

Result of ordinary operations

1.056.776,-

Extraordinary income

18.130,-

Extraordinary expenses

18.965,-

Extraordinary result

-835,-

Pre-tax and pre-appropriation profit or loss

1.056.775,-

Taxes

346.994,-

Net profit or loss

708.947,-

 

Turnover for the period: 00 0000 - 30 June 2005  in  EUR 3.949.720,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

4.246.998,-

Total fixed assets

386.904,-

Total tangible fixed assets

384.508,-

Land and buildings

305.958,-

Total financial fixed assets

2.397,-

Loans, shares and participations

872,-

Total Current assets

3.860.093,-

Inventories and work in progress (incl. prepayments)

536.331,-

Accounts receivable (trade)

450.321,-

Investments (short-term)

2.078.268,-

Cash in hand and at bank

746.635,-

Total accrued income and prepaid expenses

6.708,-

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

4.246.998,-

Total equity (Shareholders' funds)

3.870.104,-

Issued (subscribed) capital

230.000,-

Legal reserves

23.000,-

Profit or loss for the financial year

869.700,-

Total provisions

14.020,-

Total liabilities

362.873,-

Total long-term liabilities

3.864,-

Long-term Loans, Mortgage debts

3.864,-

Total current liabilities

359.010,-

Current accounts payable (trade)

93.307,-

Income and social tax liabilities

205.002,-

Borrowing ratio

9,35 %

Current ratio

1075,21 %

Debt gearing

0,10 %

Profit margin.

24,34 %

Quick ratio

925,82 %

Return on assets

22,63 %

Return on equity.

22,42 %

Solidity or equity ratio

91,34 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2005  in  EUR 

Total operating income/revenue

3.969.509,-

Main revenue (sales/turnover)

3.949.720,-

Total operating expenses

3.008.239,-

Cost of materials (type of expenditure format)

2.102.424,-

Personnel costs

164.739,-

Depreciation

31.717,-

Operating profit or loss

961.270,-

Financial income

261.263,-

Financial expenses

7.970,-

Result of ordinary operations

1.214.563,-

Extraordinary income

44.886,-

Extraordinary expenses

35.719,-

Extraordinary result

9.166,-

Pre-tax and pre-appropriation profit or loss

1.214.563,-

Taxes

354.029,-

Net profit or loss

869.700,-

 

 

 

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