MIRA INFORM REPORT

 

 

Report Date :

20.06.2008

 

IDENTIFICATION DETAILS

 

Name :

ETABLISSEMENTS A JACQUART ET FILS

 

 

Registered Office :

Rue Du Vert Bois 59960 Neuville En Ferrain 

 

 

Country :

France

 

 

Financials (as on) :

31.08.2004

 

 

Date of Incorporation :

01.01.1957

 

 

Com. Reg. No.:

57B20040, ROUBAIX-TOURCOING

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Miscellaneous Machinery for Use in Industry, Trade and Navigation

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

EUR 3000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

name & address

 

ETABLISSEMENTS A JACQUART ET FILS

 RUE DU VERT BOIS

 59960 NEUVILLE EN FERRAIN FR

Tel. Number +33-3-20030101

Fax number +33-3-20030400

 

 

 

 

Business founded

01 January 1957

Registration number,

57B20040, ROUBAIX-TOURCOING,

party identification,

885780403,

Legal form

Private limited company (no information regarding quotation)

Activities

Wholesale of miscellaneous machinery for use in industry, trade and navigation

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 3000 EUR is advised

 

The export volume in percentage of total sales for the company.  78,78

 

Cash situation (balance sheet analysis) : Normal 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

 

No Match! : Limited 

Employees (Business)

 2

Total share capital31 August 2004

EUR 45735

Bank

BPN 59 TOURCOING, BANQUE HERVET 59 LILLE - BNP   

Management

JACQUART DENIS   Shareholder and managing director

Auditor

MARVALIN JEAN-PAUL   Deputy auditor

 

 

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  No (Property) 

 

Turnover for the period: 00 0000 - 31 August 2004  in  EUR 2.504.196,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

813.564,-

Total fixed assets

70.008,-

Total intangible fixed assets

9.909,-

Total tangible fixed assets

39.406,-

Total financial fixed assets

20.693,-

Total Current assets

743.556,-

Inventories and work in progress (incl. prepayments)

83.877,-

Accounts receivable (trade)

260.822,-

Cash in hand and at bank

330.045,-

Total accrued income and prepaid expenses

21.940,-

Total equity, provisions, liabilities, accrued expenses and deferred income

813.564,-

Total equity (Shareholders' funds)

364.043,-

Issued (subscribed) capital

45.735,-

Statutory reserves

175.779,-

Legal reserves

7.622,-

Profit or loss for the previous year

136.850,-

Profit or loss for the financial year

113.533,-

Total provisions

111.635,-

Total liabilities

337.889,-

Total long-term liabilities

16.128,-

Long-term Loans, Mortgage debts

9.691,-

Long-term liabilities to credit institutions

6.437,-

Total current liabilities

321.758,-

Current accounts payable (trade)

281.114,-

Income and social tax liabilities

40.644,-

Borrowing ratio

77,19 %

Current ratio

231,09 %

Debt gearing

3,68 %

Profit margin.

10,71 %

Quick ratio

205,02 %

Return on assets

32,98 %

Return on equity.

25,94 %

Solidity or equity ratio

53,80 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2004  in  EUR 

Total operating income/revenue

2.537.058,-

Main revenue (sales/turnover)

2.504.196,-

Total operating expenses

2.268.757,-

Cost of materials (type of expenditure format)

1.330.630,-

Personnel costs

114.719,-

Depreciation

15.284,-

Operating profit or loss

268.301,-

Financial income

924,-

Financial expenses

7.223,-

Result of ordinary operations

262.002,-

Extraordinary expenses

94.411,-

Extraordinary result

-94.411,-

Pre-tax and pre-appropriation profit or loss

262.002,-

Taxes

54.059,-

Net profit or loss

113.532,-

 

Turnover for the period: 00 0000 - 31 August 2003  in  EUR 1.938.108,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

615.250,-

Total fixed assets

82.363,-

Total intangible fixed assets

9.909,-

Total tangible fixed assets

51.761,-

Total financial fixed assets

20.693,-

Total Current assets

532.887,-

Inventories and work in progress (incl. prepayments)

235.818,-

Accounts receivable (trade)

37.214,-

Cash in hand and at bank

219.301,-

Total accrued income and prepaid expenses

24.234,-

Total equity, provisions, liabilities, accrued expenses and deferred income

615.250,-

Total equity (Shareholders' funds)

285.508,-

Issued (subscribed) capital

45.735,-

Statutory reserves

73.927,-

Legal reserves

7.622,-

Profit or loss for the previous year

127.186,-

Profit or loss for the financial year

136.850,-

Total provisions

18.755,-

Total liabilities

310.987,-

Total long-term liabilities

40.932,-

Long-term Loans, Mortgage debts

21.358,-

Long-term liabilities to credit institutions

19.574,-

Total current liabilities

270.055,-

Current accounts payable (trade)

217.047,-

Income and social tax liabilities

53.008,-

Borrowing ratio

104,40 %

Current ratio

197,33 %

Debt gearing

13,74 %

Profit margin.

10,19 %

Quick ratio

110,00 %

Return on assets

32,09 %

Return on equity.

45,94 %

Solidity or equity ratio

48,42 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2003  in  EUR 

Total operating income/revenue

1.949.906,-

Main revenue (sales/turnover)

1.938.108,-

Total operating expenses

1.752.501,-

Cost of materials (type of expenditure format)

1.235.429,-

Personnel costs

158.445,-

Depreciation

11.925,-

Operating profit or loss

197.405,-

Financial income

369,-

Financial expenses

2.295,-

Result of ordinary operations

195.479,-

Extraordinary income

131.637,-

Extraordinary expenses

127.212,-

Extraordinary result

4.425,-

Pre-tax and pre-appropriation profit or loss

195.479,-

Taxes

63.054,-

Net profit or loss

136.850,-

 

Turnover for the period: 00 0000 - 31 August 2002  in  EUR 2.557.252,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2002  in  EUR 

Total assets incl. prepaid expenses and accrued income

728.458,-

Total fixed assets

60.947,-

Total intangible fixed assets

9.909,-

Total tangible fixed assets

30.345,-

Plant, machinery and equipment

40,-

Total financial fixed assets

20.693,-

Total Current assets

667.511,-

Inventories and work in progress (incl. prepayments)

158.194,-

Accounts receivable (trade)

51.948,-

Cash in hand and at bank

365.309,-

Total equity, provisions, liabilities, accrued expenses and deferred income

728.458,-

Total equity (Shareholders' funds)

237.958,-

Issued (subscribed) capital

45.735,-

Statutory reserves

36.041,-

Legal reserves

7.622,-

Profit or loss for the financial year

127.186,-

Total provisions

132.200,-

Total liabilities

358.300,-

Total long-term liabilities

30.137,-

Long-term Loans, Mortgage debts

25.054,-

Long-term liabilities to credit institutions

5.083,-

Total current liabilities

328.163,-

Current accounts payable (trade)

282.761,-

Income and social tax liabilities

45.402,-

Borrowing ratio

110,17 %

Current ratio

203,41 %

Debt gearing

9,27 %

Profit margin.

7,16 %

Quick ratio

155,20 %

Return on assets

25,15 %

Return on equity.

39,11 %

Solidity or equity ratio

44,64 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2002  in  EUR 

Total operating income/revenue

2.557.862,-

Main revenue (sales/turnover)

2.557.252,-

Total operating expenses

2.374.677,-

Cost of materials (type of expenditure format)

1.558.832,-

Personnel costs

165.782,-

Depreciation

11.994,-

Operating profit or loss

183.185,-

Financial income

9.741,-

Financial expenses

4.374,-

Result of ordinary operations

188.552,-

Extraordinary income

133,-

Extraordinary expenses

9,-

Extraordinary result

124,-

Pre-tax and pre-appropriation profit or loss

188.552,-

Taxes

61.490,-

Net profit or loss

127.186,-

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions