MIRA
INFORM REPORT
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Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADEQUAT PARTNERS |
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Registered Office : |
6 Rue Paul-Bert 92800 Puteaux |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
10.05.1991 |
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Com. Reg. No.: |
91B03848, NANTERRE |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesale of Miscellaneous Household Goods |
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 35000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ADEQUAT PARTNERS
6 RUE PAUL-BERT
92800 PUTEAUX FR
Business founded
10 May 1991
Business registered
14 August 1991 - Public limited company (no information regarding
quotation)
Registration number
91B03848, NANTERRE,
party identification
381890466,
Legal form
Public limited company (no information regarding quotation)
Activities
Wholesale of miscellaneous household goods
Payment experience
Payment regular
Credit opinion
Maximum credit limit 35000 EUR is advised
The exportvolume in percentage of total sales for the
company. 4,07
Financial structure (balance sheet analysis) : Good
Cash situation (balance sheet analysis) : Limited
Profitability (balance sheet analysis) : Feeble
Commitments (regarding contractual
obligations) : Fulfilled („respectés“)
Payment defaults : None
Employees (Business)
14
Total number of shareholders
2
Total share capital31 December
2006
EUR 320000
Branch office(s)
116 RUE DE SILLY,92100 BOULOGNE BILLANCOURT
Bank
SG BH UBP 92 BOULOGNE BILLANCOURT BNP
Board members
MONNIER STEPHANE President and managing director
(Part-) Owner
MR MONNIER STEPHANE
Parent company
MR PEETERS ANDRE 98,00 %
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The business owns or partly owns one or more pieces of land and
buildings? No (Property) |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 5.395.188,00 |
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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 |
2.247.306,- |
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Total fixed assets |
113.498,- |
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Total intangible fixed assets |
6.795,- |
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Concessions and industrial rights, goodwill |
6.795,- |
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Total tangible fixed assets |
43.369,- |
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Total financial fixed assets |
63.336,- |
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Loans, shares and participations |
45.968,- |
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Total Current assets |
2.133.349,- |
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Inventories and work in progress (incl. prepayments) |
627.900,- |
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Accounts receivable (trade) |
1.238.189,- |
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Investments (short-term) |
104.089,- |
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Cash in hand and at bank |
38.751,- |
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Total accrued income and prepaid expenses |
54.622,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
2.247.306,- |
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Total equity (Shareholders' funds) |
660.333,- |
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Issued (subscribed) capital |
320.000,- |
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Legal reserves |
30.378,- |
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Profit or loss carried forward |
208.061,- |
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Profit or loss for the previous year |
70.940,- |
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Profit or loss for the financial year |
42.303,- |
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Total provisions |
14.055,- |
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Total liabilities |
1.560.811,- |
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Total long-term liabilities |
615.518,- |
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Long-term Loans, Mortgage debts |
189.503,- |
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Long-term liabilities to credit institutions |
426.015,- |
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Total current liabilities |
945.292,- |
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Current accounts payable (trade) |
564.045,- |
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Income and social tax liabilities |
294.512,- |
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Borrowing ratio |
233,09 % |
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Current ratio |
225,68 % |
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Debt gearing |
91,92 % |
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Profit margin. |
1,46 % |
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Quick ratio |
159,26 % |
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Return on assets |
3,51 % |
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Return on equity. |
6,32 % |
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Solidity or equity ratio |
29,80 % |
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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 |
5.454.198,- |
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Main revenue (sales/turnover) |
5.395.188,- |
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Total operating expenses |
5.375.413,- |
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Cost of materials (type of expenditure format) |
4.116.732,- |
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Personnel costs |
722.786,- |
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Depreciation |
32.587,- |
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Operating profit or loss |
78.785,- |
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Financial income |
15.654,- |
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Financial expenses |
25.477,- |
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Result of ordinary operations |
68.962,- |
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Extraordinary income |
24.060,- |
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Extraordinary expenses |
34.285,- |
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Extraordinary result |
-10.225,- |
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Pre-tax and pre-appropriation profit or loss |
68.962,- |
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Taxes |
16.433,- |
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Net profit or loss |
42.303,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 5.035.416,00 |
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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 |
1.995.763,- |
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Total fixed assets |
135.019,- |
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Total intangible fixed assets |
4.344,- |
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Concessions and industrial rights, goodwill |
4.344,- |
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Total tangible fixed assets |
68.150,- |
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Total financial fixed assets |
62.524,- |
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Loans, shares and participations |
45.966,- |
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Total Current assets |
1.859.894,- |
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Inventories and work in progress (incl. prepayments) |
276.594,- |
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Accounts receivable (trade) |
1.292.664,- |
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Investments (short-term) |
89.868,- |
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Cash in hand and at bank |
64.340,- |
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Total accrued income and prepaid expenses |
50.465,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.995.763,- |
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Total equity (Shareholders' funds) |
618.029,- |
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Issued (subscribed) capital |
320.000,- |
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Legal reserves |
26.831,- |
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Profit or loss carried forward |
140.668,- |
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Profit or loss for the previous year |
-16.582,- |
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Profit or loss for the financial year |
70.940,- |
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Total provisions |
21.368,- |
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Total liabilities |
1.356.324,- |
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Total long-term liabilities |
430.057,- |
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Long-term Loans, Mortgage debts |
92.540,- |
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Long-term liabilities to credit institutions |
337.517,- |
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Total current liabilities |
918.568,- |
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Current accounts payable (trade) |
602.532,- |
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Income and social tax liabilities |
255.314,- |
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Total accrued expenses and deferred income |
7.700,- |
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Borrowing ratio |
214,56 % |
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Current ratio |
200,79 % |
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Debt gearing |
68,03 % |
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Profit margin. |
2,25 % |
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Quick ratio |
170,93 % |
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Return on assets |
5,68 % |
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Return on equity. |
11,22 % |
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Solidity or equity ratio |
31,67 % |
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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 |
5.080.003,- |
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Main revenue (sales/turnover) |
5.035.416,- |
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Total operating expenses |
4.966.734,- |
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Cost of materials (type of expenditure format) |
3.082.895,- |
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Personnel costs |
644.688,- |
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Depreciation |
28.057,- |
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Operating profit or loss |
113.270,- |
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Financial income |
27.282,- |
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Financial expenses |
29.146,- |
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Result of ordinary operations |
111.406,- |
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Extraordinary income |
861,- |
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Extraordinary expenses |
24.061,- |
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Extraordinary result |
-23.199,- |
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Pre-tax and pre-appropriation profit or loss |
111.406,- |
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Taxes |
17.266,- |
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Net profit or loss |
70.940,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 4.039.946,00 |
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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 |
1.554.139,- |
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Total fixed assets |
134.481,- |
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Total intangible fixed assets |
9.775,- |
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Concessions and industrial rights, goodwill |
9.775,- |
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Total tangible fixed assets |
62.888,- |
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Total financial fixed assets |
61.818,- |
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Total Current assets |
1.416.256,- |
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Inventories and work in progress (incl. prepayments) |
380.699,- |
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Accounts receivable (trade) |
836.697,- |
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Investments (short-term) |
42.110,- |
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Cash in hand and at bank |
17.145,- |
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Total accrued income and prepaid expenses |
51.731,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.554.139,- |
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Total equity (Shareholders' funds) |
547.950,- |
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Issued (subscribed) capital |
320.000,- |
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Legal reserves |
26.830,- |
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Profit or loss carried forward |
157.250,- |
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Profit or loss for the financial year |
-16.582,- |
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Total provisions |
12.277,- |
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Total liabilities |
993.788,- |
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Total long-term liabilities |
170.633,- |
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Long-term Loans, Mortgage debts |
132.099,- |
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Long-term liabilities to credit institutions |
38.534,- |
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Total current liabilities |
792.926,- |
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Current accounts payable (trade) |
556.887,- |
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Income and social tax liabilities |
173.560,- |
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Total accrued expenses and deferred income |
30.234,- |
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Borrowing ratio |
178,72 % |
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Current ratio |
172,05 % |
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Debt gearing |
30,69 % |
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Profit margin. |
0,52 % |
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Quick ratio |
125,80 % |
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Return on assets |
1,34 % |
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Return on equity. |
-2,98 % |
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Solidity or equity ratio |
35,78 % |
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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 |
4.235.461,- |
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Main revenue (sales/turnover) |
4.039.946,- |
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Total operating expenses |
4.214.564,- |
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Cost of materials (type of expenditure format) |
2.615.196,- |
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Personnel costs |
573.389,- |
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Depreciation |
84.680,- |
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Operating profit or loss |
20.894,- |
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Financial income |
11.132,- |
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Financial expenses |
46.882,- |
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Result of ordinary operations |
-14.856,- |
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Extraordinary income |
3.462,- |
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Extraordinary expenses |
9.000,- |
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Extraordinary result |
-5.537,- |
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Pre-tax and pre-appropriation profit or loss |
-14.855,- |
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Taxes |
-3.811,- |
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Net profit or loss |
-16.582,- |
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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.42.30 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.66.42 |
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%)