MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
EQUATEUR FRUITS |
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Registered Office : |
150 Rue Jean Chazy 69400 Villefranche Sur Saone |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.08. 2004 |
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Com. Reg. No.: |
478099799 |
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Legal Form : |
Single Member Private Limited Company |
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Line of Business : |
Wholesale of Fruit and Vegetables |
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 6000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
EQUATEUR FRUITS
150 RUE JEAN CHAZY
69400 VILLEFRANCHE
SUR SAONE FR
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Business founded |
01 August 2004 |
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Business registered |
03 August 2004 - Single member private limited company |
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Registration number, |
04B00293, VILLEFRANCHE SUR SAONE-TARARE, |
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party identification, |
478099799, |
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Legal form |
Single member private limited company |
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Activities |
Wholesale of fruit and vegetables |
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Payment experience |
Payment regular |
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Credit opinion |
Normal creditworthiness |
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Maximum credit limit 6000 EUR is advised |
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The export volume in percentage of total sales for the
company. 0,28 |
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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) : Normal |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Total share capital31 December 2006 |
EUR 8000 |
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Management |
DUPORTET ALEX Shareholder and managing director |
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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 384.608,00 |
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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 |
117.896,- |
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Outstanding deposit on the subscribed capital, from which amount
called |
32.473,- |
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Total fixed assets |
977,- |
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Total tangible fixed assets |
977,- |
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Land and buildings |
977,- |
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Total Current assets |
116.919,- |
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Inventories and work in progress (incl. prepayments) |
52.163,- |
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Accounts receivable (trade) |
22.836,- |
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Total accrued income and prepaid expenses |
666,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
117.896,- |
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Total equity (Shareholders' funds) |
53.114,- |
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Issued (subscribed) capital |
8.000,- |
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Legal reserves |
800,- |
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Profit or loss for the previous year |
30.686,- |
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Profit or loss for the financial year |
14.428,- |
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Total liabilities |
64.782,- |
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Total long-term liabilities |
38,- |
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Long-term liabilities to credit institutions |
38,- |
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Total current liabilities |
64.744,- |
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Current accounts payable (trade) |
62.676,- |
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Borrowing ratio |
121,97 % |
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Current ratio |
180,59 % |
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Debt gearing |
0,07 % |
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Profit margin. |
4,59 % |
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Quick ratio |
100,02 % |
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Return on assets |
14,97 % |
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Return on equity. |
27,16 % |
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Solidity or equity ratio |
45,05 % |
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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 |
384.616,- |
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Main revenue (sales/turnover) |
384.608,- |
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Total operating expenses |
366.963,- |
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Cost of materials (type of expenditure format) |
308.650,- |
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Depreciation |
123,- |
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Operating profit or loss |
17.653,- |
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Financial expenses |
679,- |
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Result of ordinary operations |
17.653,- |
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Taxes |
2.546,- |
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Net profit or loss |
14.428,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 389.180,00 |
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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 |
72.185,- |
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Outstanding deposit on the subscribed capital, from which amount
called |
4.933,- |
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Total Current assets |
72.185,- |
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Inventories and work in progress (incl. prepayments) |
42.705,- |
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Accounts receivable (trade) |
18.539,- |
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Total accrued income and prepaid expenses |
636,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
72.185,- |
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Total equity (Shareholders' funds) |
38.686,- |
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Issued (subscribed) capital |
8.000,- |
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Profit or loss for the financial year |
30.686,- |
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Total liabilities |
33.499,- |
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Total current liabilities |
33.499,- |
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Current accounts payable (trade) |
15.779,- |
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Borrowing ratio |
86,59 % |
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Current ratio |
215,48 % |
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Profit margin. |
9,71 % |
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Quick ratio |
88,00 % |
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Return on assets |
52,35 % |
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Return on equity. |
79,32 % |
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Solidity or equity ratio |
53,59 % |
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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 |
389.180,- |
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Main revenue (sales/turnover) |
389.180,- |
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Total operating expenses |
351.389,- |
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Cost of materials (type of expenditure format) |
300.163,- |
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Operating profit or loss |
37.791,- |
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Financial expenses |
1.358,- |
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Result of ordinary operations |
37.791,- |
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Extraordinary expenses |
237,- |
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Taxes |
5.510,- |
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Net profit or loss |
30.686,- |
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%)