MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CENTRALE DES EPICES ASSAISONNEMENTS ET CONDIMENTS |
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Registered Office : |
25 AVENUE DE
COULIN , 13420 GEMENOS FR |
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Country : |
France |
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Date of Incorporation : |
01.01.1962 |
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Com. Reg. No.: |
62B00558, MARSEILLE, |
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Legal Form : |
Public limited company |
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Line of Business : |
Manufacture of condiments and seasonings |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & address
CENTRALE DES
EPICES ASSAISONNEMENTS ET CONDIMENTS
25 AVENUE DE
COULIN
13420 GEMENOS FR
Tel. Number +33-4-42322323
Fax number +33-4-42322387
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Business founded |
01 January 1962 |
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Registration number, |
62B00558, MARSEILLE, |
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Alternative trade name(s), |
CEPASCO, |
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party identification, |
062805585, |
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Legal form |
Public limited company (no information regarding quotation) |
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Activities |
Manufacture of condiments and seasonings |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Maximum credit limit 150000 EUR is advised |
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The export volume in percentage of total sales for the company. 4,49 |
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Financial structure (balance sheet analysis) : Good |
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Cash situation (balance sheet analysis) : Good |
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Profitability (balance sheet analysis) : Outstanding |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Employees (Business) |
59 |
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Total number of shareholders |
1 |
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Total share capital31 December 2007 |
EUR 300000 |
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Bank |
BNP SLB BCCM CHAIX 13 MARSEILLE, BONNASSE LYONNAISE DE BANQUE - BP
CA |
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Board members |
HINCKER SERGE President |
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Auditor |
EYSSAUTIER JEAN Deputy auditor |
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Parent company : |
490232717 FINANCIERE CEPI 100,00
% |
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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 2007 in
EUR 14.054.529,00 |
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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
2007 in EUR |
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Total assets incl. prepaid expenses and accrued income |
5.992.915,- |
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Total fixed assets |
341.538,- |
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Total intangible fixed assets |
2.414,- |
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Concessions and industrial rights, goodwill |
2.414,- |
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Total tangible fixed assets |
325.586,- |
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Plant, machinery and equipment |
144.375,- |
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Total financial fixed assets |
13.536,- |
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Investments (long-term) |
182,- |
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Total Current assets |
5.651.376,- |
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Inventories and work in progress (incl. prepayments) |
2.537.450,- |
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Accounts receivable (trade) |
1.666.679,- |
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Cash in hand and at bank |
1.048.652,- |
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Total accrued income and prepaid expenses |
13.024,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.992.915,- |
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Total equity (Shareholders' funds) |
3.661.855,- |
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Issued (subscribed) capital |
300.000,- |
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Legal reserves |
30.000,- |
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Profit or loss carried forward |
806,- |
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Profit or loss for the previous year |
176.442,- |
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Profit or loss for the financial year |
650.110,- |
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Total liabilities |
2.331.059,- |
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Total long-term liabilities |
491.322,- |
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Long-term Loans, Mortgage debts |
302.802,- |
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Long-term liabilities to credit institutions |
188.520,- |
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Total current liabilities |
1.839.735,- |
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Current accounts payable (trade) |
907.069,- |
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Income and social tax liabilities |
699.498,- |
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Borrowing ratio |
63,66 % |
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Current ratio |
307,18 % |
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Debt gearing |
13,42 % |
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Profit margin. |
9,87 % |
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Quick ratio |
169,26 % |
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Return on assets |
23,14 % |
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Return on equity. |
17,75 % |
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Solidity or equity ratio |
61,10 % |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2007 in EUR |
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Total operating income/revenue |
14.400.462,- |
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Main revenue (sales/turnover) |
14.054.529,- |
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Total operating expenses |
13.013.870,- |
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Personnel costs |
1.954.121,- |
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Depreciation |
170.294,- |
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Operating profit or loss |
1.386.592,- |
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Financial income |
4.799,- |
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Financial expenses |
21.952,- |
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Result of ordinary operations |
1.369.439,- |
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Extraordinary income |
242.426,- |
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Extraordinary expenses |
453.511,- |
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Extraordinary result |
-211.085,- |
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Pre-tax and pre-appropriation profit or loss |
1.369.438,- |
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Taxes |
386.717,- |
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Net profit or loss |
650.110,- |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 6.255.792,00 |
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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 |
5.195.250,- |
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Total fixed assets |
308.690,- |
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Total intangible fixed assets |
7.583,- |
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Concessions and industrial rights, goodwill |
7.583,- |
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Total tangible fixed assets |
287.569,- |
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Plant, machinery and equipment |
93.663,- |
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Total financial fixed assets |
13.536,- |
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Investments (long-term) |
182,- |
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Total Current assets |
4.886.559,- |
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Inventories and work in progress (incl. prepayments) |
1.957.280,- |
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Accounts receivable (trade) |
1.778.274,- |
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Cash in hand and at bank |
837.917,- |
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Total accrued income and prepaid expenses |
18.233,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.195.250,- |
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Total equity (Shareholders' funds) |
3.237.960,- |
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Issued (subscribed) capital |
300.000,- |
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Legal reserves |
30.000,- |
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Profit or loss carried forward |
292.363,- |
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Profit or loss for the previous year |
292.363,- |
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Profit or loss for the financial year |
176.442,- |
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Total provisions |
58.000,- |
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Total liabilities |
1.899.289,- |
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Total long-term liabilities |
73.570,- |
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Long-term liabilities to credit institutions |
73.570,- |
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Total current liabilities |
1.825.717,- |
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Current accounts payable (trade) |
1.125.134,- |
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Income and social tax liabilities |
682.147,- |
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Borrowing ratio |
57,97 % |
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Current ratio |
267,65 % |
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Debt gearing |
2,25 % |
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Profit margin. |
5,24 % |
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Quick ratio |
160,45 % |
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Return on assets |
6,31 % |
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Return on equity. |
5,39 % |
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Solidity or equity ratio |
63,06 % |
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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 |
6.375.467,- |
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Main revenue (sales/turnover) |
6.255.792,- |
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Total operating expenses |
6.047.824,- |
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Personnel costs |
1.050.272,- |
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Depreciation |
89.600,- |
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Operating profit or loss |
327.642,- |
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Financial income |
3.830,- |
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Financial expenses |
11.121,- |
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Result of ordinary operations |
320.352,- |
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Extraordinary income |
57.374,- |
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Extraordinary expenses |
107.032,- |
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Extraordinary result |
-49.657,- |
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Pre-tax and pre-appropriation profit or loss |
320.351,- |
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Taxes |
76.277,- |
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Net profit or loss |
176.442,- |
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Turnover for the period: 00 0000 - 30 June 2006 in
EUR 6.314.031,00 |
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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 - 30 June
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
5.280.844,- |
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Total fixed assets |
384.520,- |
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Total tangible fixed assets |
367.676,- |
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Plant, machinery and equipment |
135.032,- |
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Total financial fixed assets |
16.844,- |
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Investments (long-term) |
1.090,- |
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Total Current assets |
4.896.323,- |
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Inventories and work in progress (incl. prepayments) |
1.945.251,- |
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Accounts receivable (trade) |
2.180.827,- |
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Cash in hand and at bank |
383.377,- |
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Total accrued income and prepaid expenses |
109.417,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.280.844,- |
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Total equity (Shareholders' funds) |
3.065.088,- |
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Issued (subscribed) capital |
300.000,- |
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Legal reserves |
30.000,- |
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Profit or loss for the financial year |
292.363,- |
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Total liabilities |
2.215.755,- |
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Total long-term liabilities |
120.388,- |
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Long-term liabilities to credit institutions |
120.388,- |
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Total current liabilities |
2.095.364,- |
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Current accounts payable (trade) |
1.270.339,- |
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Income and social tax liabilities |
814.967,- |
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Borrowing ratio |
72,29 % |
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Current ratio |
233,67 % |
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Debt gearing |
3,93 % |
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Profit margin. |
7,40 % |
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Quick ratio |
140,84 % |
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Return on assets |
8,85 % |
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Return on equity. |
9,54 % |
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Solidity or equity ratio |
58,04 % |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2006 in EUR |
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Total operating income/revenue |
6.273.906,- |
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Main revenue (sales/turnover) |
6.314.031,- |
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Total operating expenses |
5.806.487,- |
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Personnel costs |
1.092.104,- |
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Depreciation |
127.228,- |
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Operating profit or loss |
467.418,- |
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Financial income |
723,- |
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Financial expenses |
14.050,- |
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Result of ordinary operations |
454.092,- |
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Extraordinary income |
78.615,- |
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Extraordinary expenses |
61.710,- |
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Extraordinary result |
16.905,- |
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Pre-tax and pre-appropriation profit or loss |
454.091,- |
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Taxes |
141.126,- |
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Net profit or loss |
292.363,- |
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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%)