MIRA
INFORM REPORT
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Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KIABI EUROPE |
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Registered Office : |
100 Rue Du Calvaire
59510 Hem |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
20.07.1987 |
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Com. Reg. No.: |
88B00155, ROUBAIX-TOURCOING |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Retail Sale of Textiles |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KIABI EUROPE
100 RUE DU
CALVAIRE
59510 HEM FR
Tel. Number
+33-3-20814500
Fax number
+33-3-20814915
Business founded
20 July 1987
Business registered
10 March 1988 - Public
limited company (no information regarding quotation)
Registration number
88B00155,
ROUBAIX-TOURCOING,
Trade name
KIABI,
party identification
344103270,
Legal form
Public limited
company (no information regarding quotation)
Activities
Retail sale of
textiles
Payment experience
Payment regular
Credit opinion
High
creditworthiness
Maximum
credit limit 150000 EUR is advised
The
exportvolume in percentage of total sales for the company. 6,87
Financial structure
(balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Very good
Commitments
(regarding contractual obligations) : Completely fulfilled
Payment
defaults : None
Employees (Business)
0
Total number of shareholders
4
Total share capital10 April 2008
EUR 61581570
Branch office(s)
12 IMPASSE DE
L'OREE DU BOIS,77176 SAVIGNY LE TEMPLE
37 RUE DE
MONTHETY,77340 PONTAULT COMBAULT
AVENUE DES COMTES DE
CHAMPAGNE,77100 MEAUX
50 AVENUE DE
LINGENFELD,77200 TORCY
PARC SENART
II,77127 LIEUSAINT
Bank
SG LILLE AG NORD
METROPOLE BNP PARIBAS 59 ROUBAIX
Board members
MULLIEZ
PATRICK President
MULLIEZ
PATRICK Board member
BUCHSENSCHUTZ PIERRE Board
member
Management
GARBINO
JEAN Managing director
Auditor
RIGOT
PROSPER Deputy auditor
DEGRAVE
FABIENNE Deputy auditor
(Part-) Owner
SALARIES
485171706 SINGITA
PLOFFICE FAMILY
340594852 AUSSPAR
CLARIS
BV
Subsidiary company
KIABI STOCK
CENTRAL ESPAGNE 99,99 %
347727950 KIABI
LOGISTIQUE 99,95 %
482904422 AFFIKI 99,90
%
KIABI
ITALIA 99,00 %
KIABI STOCK
CENTRAL BELGIQUE SA KSCB 99,00 %
387960529 SOVALEUR 52,23
%
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 629.773.438,00 |
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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 |
282.385.001,- |
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Total fixed assets |
95.709.975,- |
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Total intangible fixed assets |
7.751.782,- |
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Total tangible fixed assets |
67.884.314,- |
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Land and buildings |
53.302.821,- |
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Plant, machinery and equipment |
9.252.073,- |
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Total financial fixed assets |
20.073.880,- |
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Loans, shares and participations |
13.851.990,- |
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Total Current assets |
186.675.025,- |
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Inventories and work in progress (incl. prepayments) |
93.162.471,- |
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Accounts receivable (trade) |
22.269.189,- |
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Investments (short-term) |
26.818.973,- |
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Cash in hand and at bank |
16.880.979,- |
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Total accrued income and prepaid expenses |
10.240.661,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
282.385.001,- |
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Total equity (Shareholders' funds) |
106.034.760,- |
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Issued (subscribed) capital |
66.081.975,- |
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Share premium account (capital reserve) |
12.881.849,- |
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Legal reserves |
1.557.107,- |
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Profit or loss for the previous year |
22.071.738,- |
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Profit or loss for the financial year |
15.738.084,- |
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Total provisions |
5.834.496,- |
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Total liabilities |
170.515.744,- |
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Total long-term liabilities |
32.305.239,- |
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Long-term Loans, Mortgage debts |
428.998,- |
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Long-term liabilities to credit institutions |
31.876.241,- |
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Total current liabilities |
138.210.505,- |
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Current accounts payable (trade) |
86.022.475,- |
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Income and social tax liabilities |
33.901.658,- |
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Borrowing ratio |
155,18 % |
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Current ratio |
135,07 % |
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Debt gearing |
29,40 % |
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Profit margin. |
9,03 % |
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Quick ratio |
67,66 % |
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Return on assets |
20,13 % |
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Return on equity. |
25,95 % |
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Solidity or equity ratio |
38,91 % |
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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 |
644.160.312,- |
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Main revenue (sales/turnover) |
629.773.438,- |
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Total operating expenses |
587.304.680,- |
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Cost of materials (type of expenditure format) |
349.754.071,- |
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Personnel costs |
73.038.879,- |
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Depreciation |
15.255.166,- |
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Operating profit or loss |
56.855.632,- |
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Financial income |
3.019.217,- |
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Financial expenses |
2.974.174,- |
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Result of ordinary operations |
56.900.675,- |
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Extraordinary income |
1.867.216,- |
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Extraordinary expenses |
9.061.113,- |
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Extraordinary result |
-7.193.896,- |
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Pre-tax and pre-appropriation profit or loss |
55.332.470,- |
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Taxes |
14.887.940,- |
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Net profit or loss |
28.513.933,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 500.851.923,00 |
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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 |
195.971.361,- |
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Total fixed assets |
79.974.016,- |
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Total intangible fixed assets |
5.610.230,- |
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Total tangible fixed assets |
58.288.990,- |
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Land and buildings |
46.955.954,- |
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Plant, machinery and equipment |
5.743.236,- |
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Total financial fixed assets |
16.074.795,- |
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Loans, shares and participations |
10.701.455,- |
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Total Current assets |
115.997.345,- |
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Inventories and work in progress (incl. prepayments) |
67.666.044,- |
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Accounts receivable (trade) |
12.121.709,- |
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Investments (short-term) |
4.009.319,- |
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Cash in hand and at bank |
7.695.444,- |
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Total accrued income and prepaid expenses |
8.590.139,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
195.971.361,- |
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Total equity (Shareholders' funds) |
79.935.065,- |
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Issued (subscribed) capital |
64.280.850,- |
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Share premium account (capital reserve) |
6.892.252,- |
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Legal reserves |
276.600,- |
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Profit or loss carried forward |
-19.118.696,- |
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Profit or loss for the financial year |
22.071.738,- |
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Total provisions |
6.137.909,- |
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Total liabilities |
109.898.386,- |
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Total long-term liabilities |
460.278,- |
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Long-term Loans, Mortgage debts |
460.278,- |
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Total current liabilities |
109.438.108,- |
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Current accounts payable (trade) |
62.222.188,- |
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Income and social tax liabilities |
37.037.416,- |
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Borrowing ratio |
130,85 % |
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Current ratio |
105,99 % |
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Debt gearing |
0,55 % |
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Profit margin. |
5,52 % |
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Quick ratio |
44,16 % |
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Return on assets |
14,10 % |
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Return on equity. |
26,28 % |
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Solidity or equity ratio |
42,86 % |
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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 income/revenue |
511.522.495,- |
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Main revenue (sales/turnover) |
500.851.923,- |
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Total operating expenses |
483.884.539,- |
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Cost of materials (type of expenditure format) |
262.717.775,- |
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Personnel costs |
57.962.287,- |
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Depreciation |
14.889.412,- |
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Operating profit or loss |
27.637.956,- |
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Financial income |
3.291.810,- |
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Financial expenses |
2.503.097,- |
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Result of ordinary operations |
28.426.669,- |
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Extraordinary income |
9.877.290,- |
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Extraordinary expenses |
4.960.122,- |
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Extraordinary result |
4.917.168,- |
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Pre-tax and pre-appropriation profit or loss |
28.338.481,- |
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Taxes |
7.762.854,- |
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Net profit or loss |
22.071.738,- |
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Turnover for the period: 00 0000 - 31 December 1996 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 1996 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
308.890,- |
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Total fixed assets |
213,- |
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Total financial fixed assets |
213,- |
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Total Current assets |
308.677,- |
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Cash in hand and at bank |
778,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
308.890,- |
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Total equity (Shareholders' funds) |
-115.726,- |
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Total liabilities |
424.617,- |
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Total long-term liabilities |
277.025,- |
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Long-term liabilities to credit institutions |
277.025,- |
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Total current liabilities |
147.592,- |
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Current accounts payable (trade) |
1.085,- |
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Borrowing ratio |
-366,92 % |
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Current ratio |
209,14 % |
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Debt gearing |
-239,38 % |
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Quick ratio |
209,14 % |
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Return on assets |
-0,78 % |
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Return on equity. |
132,93 % |
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Solidity or equity ratio |
-37,47 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 1996 in
EUR |
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Total operating expenses |
2.406,- |
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Operating profit or loss |
-2.405,- |
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Financial expenses |
17.441,- |
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Result of ordinary operations |
-19.846,- |
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Extraordinary income |
8.263,- |
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Extraordinary expenses |
152.910,- |
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Extraordinary result |
-144.646,- |
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Pre-tax and pre-appropriation profit or loss |
-9.191,- |
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Net profit or loss |
-153.837,- |
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.23 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.66.41 |
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%)