MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
JACADI SA |
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Registered Office : |
25 Rue Louis Le Grand 75002 Paris 02 |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
29.04.2002 |
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Com. Reg. No.: |
06B01730, PARIS |
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Legal Form : |
Public Limited Company -
Board of Administration |
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Line of Business : |
Retail Sale of Clothing |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 50000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
JACADI SA
25 RUE LOUIS
LE GRAND
75002 PARIS
02 FR
Tel. Number
+33-1-53439700
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Business founded |
29 April 2002 |
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Business registered |
25 January 2006 - Public
limited company - board of administration |
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Registration number, |
06B01730, PARIS, |
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Trade name, |
JACADI, |
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party identification, |
441875473, |
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Legal form |
Public limited company -
board of administration |
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Activities |
Retail sale of clothing |
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Payment experience |
Nothing to report |
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Credit opinion |
Credit opinion |
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Maximum credit limit
50000 EUR is advised |
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The export volume in percentage
of total sales for the company. 38,57 |
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Financial structure
(balance sheet analysis) : Unbalanced |
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Cash situation (balance
sheet analysis) : Medium |
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Profitability (balance
sheet analysis) : Nil |
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Commitments (regarding contractual
obligations) : Completely fulfilled |
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Payment defaults : None |
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Employees (Business) |
181 |
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Total number of shareholders |
1 |
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Total share capital07 March 2007 |
EUR 7000000 |
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Branch office(s) |
17 RUE TRONCHET,75008 PARIS 08 |
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55 BOULEVARD RASPAIL,75006 PARIS 06 |
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73 RUE DE SEVRES,75006 PARIS 06 |
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7 RUE GUICHARD,75016 PARIS 16 |
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89 AVENUE PAUL DOUMER,75116 PARIS 16 |
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Others |
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Bank |
BNP - NATEXIS - BP - LCL
- BSD - CA - CCF - SG PARIS |
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Board members |
DUFOREST
JEAN Chairman of the board |
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SOUFLET JEAN-LUC Board member |
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SOUFLET FRANCOISE Board member |
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DUFOREST MARIE-NOELLE Board member |
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SOUFLET DIDIER Board member |
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DUFOREST GREGOIRE Board member |
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DE SEZE MARION Board member |
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Management |
DUFOREST JEAN Managing director |
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Auditor |
NEVEUX MARCEL Deputy auditor |
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Parent company : |
955501259 ID GROUP 100,00
% |
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Subsidiary company. |
JACADI KINDERMODEN GMBH 100,00 % |
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JACADI CANADA 100,00 % |
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MORALEJACADI 100,00 % |
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JACFRAN -U.S.A.- 100,00 % |
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490301710 ETABLES LOGISTIQUE 100,00
% |
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493440572 JACARI 100,00
% |
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JACADI INC USA 100,00 % |
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LOUVEL 100,00 % |
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NEWCADI USA 75,00 % |
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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 December 2006 in EUR 61.541.646,00 |
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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 |
61.843.636,- |
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Total fixed assets |
20.483.554,- |
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Total intangible fixed assets |
10.162.502,- |
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Concessions and
industrial rights, goodwill |
9.484,- |
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Total tangible fixed assets |
3.843.752,- |
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Land and buildings |
138.232,- |
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Plant, machinery and equipment |
245.690,- |
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Total financial fixed assets |
6.477.299,- |
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Loans, shares and participations |
3.370.163,- |
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Total Current assets |
41.153.827,- |
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Inventories and work in progress
(incl. prepayments) |
8.499.717,- |
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Accounts receivable (trade) |
12.564.598,- |
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Cash in hand and at bank |
1.677.539,- |
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Total accrued income and
prepaid expenses |
1.004.884,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
61.843.636,- |
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Total equity (Shareholders' funds) |
245.126,- |
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Issued (subscribed) capital |
7.000.000,- |
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Profit or loss for the
previous year |
-944,- |
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Profit or loss for the
financial year |
-6.758.982,- |
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Total provisions |
5.803.292,- |
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Total liabilities |
55.689.809,- |
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Total long-term liabilities |
26.850.111,- |
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Long-term Loans, Mortgage
debts |
4.887.363,- |
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Long-term liabilities to
credit institutions |
21.962.748,- |
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Total current liabilities |
28.839.695,- |
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Current accounts payable (trade) |
9.842.510,- |
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Income and social tax
liabilities |
3.535.620,- |
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Borrowing ratio |
1366,52 % |
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Current ratio |
142,70 % |
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Debt gearing |
658,85 % |
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Profit margin. |
-5,65 % |
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Quick ratio |
113,23 % |
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Return on assets |
-5,62 % |
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Return on equity. |
-165,85 % |
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Solidity or equity ratio |
6,59 % |
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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 |
70.366.174,- |
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Main revenue (sales/turnover) |
61.541.646,- |
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Total operating expenses |
73.841.113,- |
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Personnel costs |
8.622.376,- |
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Depreciation |
772.542,- |
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Operating profit or loss |
-3.474.939,- |
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Financial income |
571.963,- |
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Financial expenses |
2.943.907,- |
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Result of ordinary operations |
-5.846.883,- |
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Extraordinary income |
2.422.419,- |
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Extraordinary expenses |
3.338.785,- |
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Extraordinary result |
-916.366,- |
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Pre-tax and
pre-appropriation profit or loss |
-5.846.883,- |
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Taxes |
-4.267,- |
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Net profit or loss |
-6.758.982,- |
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Turnover for the
period: 00 0000 - 31 December 2004 in EUR 0,00 |
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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 |
1.498.937,- |
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Total Current assets |
1.498.937,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
1.498.937,- |
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Total equity (Shareholders' funds) |
1.489.184,- |
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Issued (subscribed) capital |
1.500.000,- |
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Profit or loss carried
forward |
-9.871,- |
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Profit or loss for the
previous year |
-5.179,- |
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Profit or loss for the
financial year |
-944,- |
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Total liabilities |
9.753,- |
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Total long-term liabilities |
8.557,- |
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Long-term Loans, Mortgage
debts |
8.557,- |
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Total current liabilities |
1.196,- |
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Borrowing ratio |
0,65 % |
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Current ratio |
125329,18 % |
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Debt gearing |
0,57 % |
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Quick ratio |
125329,18 % |
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Return on assets |
-0,06 % |
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Return on equity. |
-0,06 % |
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Solidity or equity ratio |
99,35 % |
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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 expenses |
944,- |
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Operating profit or loss |
-944,- |
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Result of ordinary operations |
-944,- |
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Pre-tax and
pre-appropriation profit or loss |
-944,- |
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Net profit or loss |
-944,- |
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Turnover for the
period: 00 0000 - 31 December 2003 in EUR 0,00 |
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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 2003 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
1.491.628,- |
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Total Current assets |
1.491.628,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
1.491.628,- |
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Total equity (Shareholders' funds) |
1.490.128,- |
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Issued (subscribed) capital |
1.500.000,- |
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Profit or loss carried
forward |
-4.692,- |
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Profit or loss for the
financial year |
-5.179,- |
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Total liabilities |
1.500,- |
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Total current liabilities |
1.500,- |
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Borrowing ratio |
0,10 % |
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Current ratio |
99441,87 % |
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Quick ratio |
99441,87 % |
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Return on assets |
-0,35 % |
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Return on equity. |
-0,35 % |
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Solidity or equity ratio |
99,90 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2003 in
EUR |
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Total operating expenses |
5.179,- |
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Operating profit or loss |
-5.179,- |
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Result of ordinary operations |
-5.179,- |
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Pre-tax and
pre-appropriation profit or loss |
-5.179,- |
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Net profit or loss |
-5.179,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.95 |
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UK Pound |
1 |
Rs.85.62 |
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Euro |
1 |
Rs.67.81 |
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%)