MIRA INFORM REPORT

 

 

Report Date :

28.06.2008

 

IDENTIFICATION DETAILS

 

Name :

SOCIETE DES ETABLISSEMENTS BENSOUSSAN COMPTOIR D'ORIENT

 

 

Registered Office :

14 Rue Marius Chardon 69310 Pierre Benite

 

 

Country :

France

 

 

Financials (as on) :

30.06.2007

 

 

Date of Incorporation :

01.01.1978

 

 

Com. Reg. No.:

78B00764, LYON

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Non-Specialized Wholesale of Food, Beverages and Tobacco

 

 

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 30000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

name & address

 

SOCIETE DES ETABLISSEMENTS BENSOUSSAN COMPTOIR D'ORIENT

 14 RUE MARIUS CHARDON

 69310 PIERRE BENITE FR

Tel. Number +33-4-72390162

 

 

Business founded

01 January 1978

Registration number,

78B00764, LYON,

party identification,

313424640,

Legal form

Private limited company (no information regarding quotation)

Activities

Non-specialized wholesale of food, beverages and tobacco

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 30000 EUR is advised

 

The export volume in percentage of total sales for the company.  4,49

 

Financial structure (balance sheet analysis) : Extremely unbalanced 

 

Cash situation (balance sheet analysis) : Low 

 

Profitability (balance sheet analysis) : Nil 

 

Commitments (regarding contractual obligations) : Fulfilled to date 

 

Payment defaults : None 

Employees (Business)

 9

Total number of shareholders

 2

Total share capital30 June 2007

EUR 90000

Branch office(s)

34 RUE CASIMIR PERIER,69002 LYON 02   

 

   Others

Bank

CCF 69 STE FOY LES LYON, SG AG REPUBLIQUE 69 LYON 01 - BNP   

Management

BENSOUSSAN PAUL   Shareholder and managing director

Parent company :

MR BENSOUSSAN PAUL   50,00 %   

 

MR ET MME BENSOUSSAN LAURENT ET EDITH   50,00 %   

 

 

 

 

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

 

Turnover for the period: 00 0000 - 30 June 2007  in  EUR 4.112.171,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2007  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.551.367,-

Total fixed assets

478.018,-

Total intangible fixed assets

365.877,-

Total tangible fixed assets

2.034,-

Total financial fixed assets

110.107,-

Total Current assets

1.073.345,-

Inventories and work in progress (incl. prepayments)

710.477,-

Accounts receivable (trade)

309.661,-

Cash in hand and at bank

24.972,-

Total accrued income and prepaid expenses

6.860,-

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

1.551.367,-

Total equity (Shareholders' funds)

427.792,-

Issued (subscribed) capital

90.000,-

Legal reserves

9.000,-

Profit or loss for the previous year

43.819,-

Profit or loss for the financial year

-66.888,-

Total liabilities

1.123.573,-

Total current liabilities

1.123.573,-

Current accounts payable (trade)

882.415,-

Income and social tax liabilities

76.553,-

Borrowing ratio

262,65 %

Current ratio

95,53 %

Profit margin.

-1,09 %

Quick ratio

32,30 %

Return on assets

-2,89 %

Return on equity.

-15,64 %

Solidity or equity ratio

27,58 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2007  in  EUR 

Total operating income/revenue

4.116.262,-

Main revenue (sales/turnover)

4.112.171,-

Total operating expenses

4.161.128,-

Cost of materials (type of expenditure format)

3.267.173,-

Personnel costs

330.966,-

Depreciation

2.835,-

Operating profit or loss

-44.861,-

Financial income

4.134,-

Financial expenses

24.829,-

Result of ordinary operations

-65.556,-

Extraordinary income

732,-

Extraordinary expenses

2.061,-

Extraordinary result

-1.329,-

Pre-tax and pre-appropriation profit or loss

-65.556,-

Net profit or loss

-66.888,-

 

Turnover for the period: 00 0000 - 30 June 2006  in  EUR 4.227.330,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.530.264,-

Total fixed assets

480.855,-

Total intangible fixed assets

365.985,-

Concessions and industrial rights, goodwill

108,-

Total tangible fixed assets

4.761,-

Total financial fixed assets

110.107,-

Total Current assets

1.049.408,-

Inventories and work in progress (incl. prepayments)

727.971,-

Accounts receivable (trade)

273.300,-

Cash in hand and at bank

5.625,-

Total accrued income and prepaid expenses

1.857,-

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

1.530.264,-

Total equity (Shareholders' funds)

494.680,-

Issued (subscribed) capital

90.000,-

Legal reserves

9.000,-

Profit or loss for the previous year

45.777,-

Profit or loss for the financial year

43.819,-

Total liabilities

1.035.583,-

Total current liabilities

1.035.581,-

Current accounts payable (trade)

629.764,-

Income and social tax liabilities

65.786,-

Borrowing ratio

209,34 %

Current ratio

101,33 %

Profit margin.

1,82 %

Quick ratio

31,04 %

Return on assets

5,03 %

Return on equity.

8,86 %

Solidity or equity ratio

32,33 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2006  in  EUR 

Total operating income/revenue

4.244.163,-

Main revenue (sales/turnover)

4.227.330,-

Total operating expenses

4.167.150,-

Cost of materials (type of expenditure format)

3.502.926,-

Personnel costs

279.584,-

Depreciation

1.676,-

Operating profit or loss

77.013,-

Financial expenses

20.005,-

Result of ordinary operations

57.008,-

Extraordinary expenses

1.041,-

Extraordinary result

-1.041,-

Pre-tax and pre-appropriation profit or loss

57.008,-

Taxes

12.148,-

Net profit or loss

43.819,-

 

Turnover for the period: 00 0000 - 30 June 2005  in  EUR 4.123.183,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 June 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.391.784,-

Total fixed assets

476.848,-

Total intangible fixed assets

365.877,-

Total tangible fixed assets

863,-

Plant, machinery and equipment

635,-

Total financial fixed assets

110.107,-

Total Current assets

914.935,-

Inventories and work in progress (incl. prepayments)

573.917,-

Accounts receivable (trade)

294.677,-

Cash in hand and at bank

5.086,-

Total accrued income and prepaid expenses

1.857,-

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

1.391.784,-

Total equity (Shareholders' funds)

450.861,-

Issued (subscribed) capital

90.000,-

Legal reserves

9.000,-

Profit or loss for the financial year

45.777,-

Total liabilities

940.922,-

Total current liabilities

940.921,-

Current accounts payable (trade)

511.195,-

Income and social tax liabilities

55.326,-

Borrowing ratio

208,69 %

Current ratio

97,24 %

Profit margin.

2,26 %

Quick ratio

36,24 %

Return on assets

6,71 %

Return on equity.

10,15 %

Solidity or equity ratio

32,39 %

 

Corporate profit and loss account for the year: 00 0000 - 30 June 2005  in  EUR 

Total operating income/revenue

4.128.029,-

Main revenue (sales/turnover)

4.123.183,-

Total operating expenses

4.034.641,-

Cost of materials (type of expenditure format)

3.365.415,-

Personnel costs

229.945,-

Depreciation

2.549,-

Operating profit or loss

93.388,-

Financial expenses

32.888,-

Result of ordinary operations

60.500,-

Extraordinary expenses

951,-

Extraordinary result

-951,-

Pre-tax and pre-appropriation profit or loss

60.499,-

Taxes

13.771,-

Net profit or loss

45.777,-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.79

UK Pound

1

Rs.85.04

Euro

1

Rs.67.39

 

 

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