MIRA
INFORM REPORT
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Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE MELTEX |
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Registered Office : |
14 Place Des Grands Hommes 33000 Bordeaux |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
08.12.1986 |
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Com. Reg. No.: |
87B00010, BORDEAUX |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Wholesale of Clothing and Footwear |
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
SOCIETE MELTEX
14 PLACE DES
GRANDS HOMMES
33000 BORDEAUX FR
Tel. Number
+33-1-58393990
Business founded
08 December 1986
Business registered
02 January 1987 -
Public limited company - board of administration
Registration number
87B00010,
BORDEAUX,
Trade name
MELROSE -
HARTFORD,
party identification
339534000,
Legal form
Public limited
company - board of administration
Activities
Wholesale of
clothing and footwear
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. 47,89
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)
52
Total number of shareholders
2
Total share capital31 December
2006
EUR 76225
Branch office(s)
6 RUE DU
MAIL,75002 PARIS 02
18 RUE SAINT
MAUR,75011 PARIS 11
2 RUE VIDE
GOUSSET,75002 PARIS 02
8 PLACE DES
VICTOIRES,75002 PARIS 02
83 RUE DES SAINTS
PERES,75006 PARIS 06
104/106 RUE
OBERKAMPF, 7500 PARIS
Bank
BP AG JEAN JAURES
33 BORDEAUX, BPSO JEAN JAURES BORDEAUX
Board members
CHARETON
YVES Chairman of the board
CHARETON ISABELLE Board
member
GROSJEAN
THIERRY Board member
BERTRIAUX
MICHEL Board member
IDOULAHIANE
M'HAMED Board member
IDOULAHIANE
ABED Board member
Auditor
SENNEVILLE
MARIE Auditor
TANNET
JEAN Deputy auditor
Parent company
FAMILLE CHARETON 50,00
%
FAMILLE
IDOULAHIANE ET MR BERTIAUX 50,00 %
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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 14.091.674,00 |
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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 |
8.423.766,- |
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Total fixed assets |
2.157.271,- |
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Total intangible fixed assets |
1.411.264,- |
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Concessions and industrial rights, goodwill |
1.074,- |
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Total tangible fixed assets |
634.245,- |
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Land and buildings |
101.854,- |
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Plant, machinery and equipment |
6.681,- |
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Total financial fixed assets |
111.761,- |
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Loans, shares and participations |
600,- |
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Total Current assets |
6.256.769,- |
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Inventories and work in progress (incl. prepayments) |
2.570.158,- |
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Accounts receivable (trade) |
810.256,- |
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Cash in hand and at bank |
2.217.020,- |
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Total accrued income and prepaid expenses |
166.816,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
8.423.766,- |
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Total equity (Shareholders' funds) |
3.525.448,- |
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Issued (subscribed) capital |
76.225,- |
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Share premium account (capital reserve) |
103.665,- |
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Legal reserves |
7.622,- |
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Profit or loss carried forward |
2.316.294,- |
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Profit or loss for the previous year |
1.348.120,- |
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Profit or loss for the financial year |
908.649,- |
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Total provisions |
9.726,- |
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Total liabilities |
4.879.692,- |
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Total long-term liabilities |
1.408.147,- |
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Long-term Loans, Mortgage debts |
21.352,- |
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Long-term liabilities to credit institutions |
1.386.795,- |
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Total current liabilities |
3.471.544,- |
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Current accounts payable (trade) |
2.156.659,- |
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Income and social tax liabilities |
594.244,- |
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Borrowing ratio |
138,16 % |
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Current ratio |
180,23 % |
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Debt gearing |
39,87 % |
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Profit margin. |
11,02 % |
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Quick ratio |
106,20 % |
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Return on assets |
18,44 % |
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Return on equity. |
25,73 % |
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Solidity or equity ratio |
41,93 % |
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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 |
14.443.322,- |
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Main revenue (sales/turnover) |
14.091.674,- |
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Total operating expenses |
12.890.143,- |
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Cost of materials (type of expenditure format) |
394.787,- |
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Personnel costs |
1.651.124,- |
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Depreciation |
126.999,- |
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Operating profit or loss |
1.553.179,- |
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Financial income |
127.851,- |
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Financial expenses |
343.490,- |
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Result of ordinary operations |
1.337.540,- |
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Extraordinary income |
18.719,- |
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Extraordinary expenses |
21.478,- |
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Extraordinary result |
-2.760,- |
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Pre-tax and pre-appropriation profit or loss |
1.337.540,- |
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Taxes |
426.132,- |
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Net profit or loss |
908.649,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 13.368.982,00 |
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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 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
7.786.641,- |
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Total fixed assets |
1.661.119,- |
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Total intangible fixed assets |
1.063.516,- |
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Concessions and industrial rights, goodwill |
3.326,- |
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Total tangible fixed assets |
522.136,- |
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Land and buildings |
116.451,- |
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Plant, machinery and equipment |
10.363,- |
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Total financial fixed assets |
75.467,- |
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Loans, shares and participations |
100,- |
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Total Current assets |
6.124.086,- |
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Inventories and work in progress (incl. prepayments) |
2.569.999,- |
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Accounts receivable (trade) |
855.845,- |
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Cash in hand and at bank |
2.339.590,- |
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Total accrued income and prepaid expenses |
144.179,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
7.786.641,- |
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Total equity (Shareholders' funds) |
2.616.799,- |
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Issued (subscribed) capital |
76.225,- |
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Share premium account (capital reserve) |
103.665,- |
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Legal reserves |
7.622,- |
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Profit or loss carried forward |
968.173,- |
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Profit or loss for the previous year |
575.613,- |
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Profit or loss for the financial year |
1.348.120,- |
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Total provisions |
1.436,- |
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Total liabilities |
5.153.407,- |
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Total long-term liabilities |
1.070.787,- |
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Long-term Loans, Mortgage debts |
20.526,- |
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Long-term liabilities to credit institutions |
1.050.261,- |
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Total current liabilities |
4.082.620,- |
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Current accounts payable (trade) |
2.524.391,- |
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Income and social tax liabilities |
719.569,- |
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Borrowing ratio |
196,86 % |
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Current ratio |
150,00 % |
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Debt gearing |
40,90 % |
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Profit margin. |
14,60 % |
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Quick ratio |
87,05 % |
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Return on assets |
25,07 % |
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Return on equity. |
51,50 % |
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Solidity or equity ratio |
33,62 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
14.023.608,- |
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Main revenue (sales/turnover) |
13.368.982,- |
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Total operating expenses |
12.071.597,- |
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Cost of materials (type of expenditure format) |
299.165,- |
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Personnel costs |
1.433.653,- |
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Depreciation |
104.475,- |
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Operating profit or loss |
1.952.011,- |
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Financial income |
258.951,- |
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Financial expenses |
206.592,- |
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Result of ordinary operations |
2.004.370,- |
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Extraordinary income |
27.266,- |
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Extraordinary expenses |
3.919,- |
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Extraordinary result |
23.348,- |
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Pre-tax and pre-appropriation profit or loss |
2.004.370,- |
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Taxes |
679.597,- |
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Net profit or loss |
1.348.120,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 10.310.230,00 |
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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 |
5.756.609,- |
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Total fixed assets |
982.587,- |
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Total intangible fixed assets |
539.961,- |
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Concessions and industrial rights, goodwill |
7.771,- |
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Total tangible fixed assets |
383.643,- |
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Land and buildings |
80.929,- |
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Plant, machinery and equipment |
11.555,- |
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Total financial fixed assets |
58.981,- |
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Loans, shares and participations |
400,- |
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Total Current assets |
4.723.512,- |
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Inventories and work in progress (incl. prepayments) |
2.182.249,- |
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Accounts receivable (trade) |
910.496,- |
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Cash in hand and at bank |
1.022.996,- |
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Total accrued income and prepaid expenses |
460.999,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.756.609,- |
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Total equity (Shareholders' funds) |
1.268.679,- |
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Issued (subscribed) capital |
76.225,- |
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Share premium account (capital reserve) |
103.665,- |
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Legal reserves |
7.622,- |
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Profit or loss carried forward |
392.560,- |
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Profit or loss for the financial year |
575.613,- |
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Total provisions |
421.609,- |
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Total liabilities |
4.062.317,- |
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Total long-term liabilities |
593.288,- |
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Long-term Loans, Mortgage debts |
17.334,- |
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Long-term liabilities to credit institutions |
575.954,- |
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Total current liabilities |
3.469.028,- |
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Current accounts payable (trade) |
2.365.282,- |
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Income and social tax liabilities |
522.648,- |
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Borrowing ratio |
-3,16 % |
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Current ratio |
136,16 % |
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Debt gearing |
-0,46 % |
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Profit margin. |
11,06 % |
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Quick ratio |
73,26 % |
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Return on assets |
19,81 % |
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Return on equity. |
37,21 % |
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Solidity or equity ratio |
26,87 % |
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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 |
10.511.892,- |
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Main revenue (sales/turnover) |
10.310.230,- |
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Total operating expenses |
9.371.586,- |
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Cost of materials (type of expenditure format) |
306.241,- |
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Personnel costs |
974.942,- |
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Depreciation |
73.070,- |
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Operating profit or loss |
1.140.306,- |
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Financial income |
76.660,- |
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Financial expenses |
339.767,- |
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Result of ordinary operations |
877.199,- |
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Extraordinary income |
9.537,- |
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Extraordinary expenses |
4.310,- |
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Extraordinary result |
5.227,- |
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Pre-tax and pre-appropriation profit or loss |
877.199,- |
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Taxes |
306.813,- |
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Net profit or loss |
575.613,- |
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%)