MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
BESSON CHAUSSURES |
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Registered Office : |
1 Avenue Des Freres Montgolfier
63170 Aubiere |
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Country : |
France |
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Financials (as on) : |
31.08.2006 |
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Date of Incorporation : |
01.01.1975 |
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Com. Reg. No.: |
75B00135, Clermont-Ferrand |
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Legal Form : |
Public Limited Company -
Board of Administration |
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Line of Business : |
Retail Sale of Footwear
and Leather Goods |
RATING &
COMMENTS
|
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
BESSON CHAUSSURES
1 AVENUE DES
FRERES MONTGOLFIER
63170 AUBIERE FR
Tel. Number
+33-4-73440459
Fax number
+33-4-73440450
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Business founded |
01 January 1975 |
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Business registered |
14 October 1975 - Public
limited company - board of administration |
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Registration number, |
75B00135, CLERMONT-FERRAND, |
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party identification, |
304318454, |
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Legal form |
Public limited company -
board of administration |
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Activities |
Retail sale of footwear
and leather goods |
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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. 0,00 |
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Financial structure
(balance sheet analysis) : Good |
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Cash situation (balance
sheet analysis) : Normal |
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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) |
34 |
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Total number of shareholders |
1 |
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Total share capital31 August 2006 |
EUR 14165563 |
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Branch office(s) |
ROUTE NATIONALE 6,77240 VERT ST DENIS |
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ROUTE NATIONALE 10,78310 COIGNIERES |
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AVENUE DE L'UNION,78410 AUBERGENVILLE |
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LD ENTRE LES DEUX CHEMINS,91100
VILLABE |
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156 AVENUE FRANCOIS MITTERRAND,91200 ATHIS MONS |
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Others |
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Bank |
BNP AG ETATS UNIS CA 63 CLERMONT
FERRAND |
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Board members |
MOREL
PATRICK President and managing director |
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FINANCIERE AGORA SA ,
REPRESENTED BY SAUVAGE MARIE Board member |
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EUROPEENNE DE NEGOCE ANDRE ENA , REPRESENTED BY FRERET
JEAN Board member |
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VIVARTE , REPRESENTED BY
LE MONIES DE SAGAZAN BENOIT Board member |
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Auditor |
BONHOMME MICHEL Deputy auditor |
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Parent company : |
308449024 VIVARTE 100,00
% |
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Affiliate. A company
which is affiliated with the Business. |
420086399 SOCIETE CIVILE
IMMOBILIERE IMMO BESSON 10,00 % |
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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 August 2006 in EUR 153.863.860,00 |
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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 August 2006 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
76.652.865,- |
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Total fixed assets |
16.855.638,- |
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Total intangible fixed assets |
7.192.892,- |
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Concessions and
industrial rights, goodwill |
19.170,- |
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Total tangible fixed assets |
7.648.032,- |
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Land and buildings |
4.325.932,- |
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Plant, machinery and equipment |
27.033,- |
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Total financial fixed assets |
2.014.713,- |
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Loans, shares and participations |
31.540,- |
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Total Current assets |
59.797.225,- |
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Inventories and work in
progress (incl. prepayments) |
47.788.347,- |
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Accounts receivable (trade) |
642.957,- |
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Cash in hand and at bank |
1.894.950,- |
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Total accrued income and
prepaid expenses |
1.585.622,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
76.652.865,- |
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Total equity (Shareholders' funds) |
31.469.008,- |
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Issued (subscribed) capital |
14.165.563,- |
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Share premium account
(capital reserve) |
1.968.247,- |
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Legal reserves |
1.416.556,- |
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Profit or loss carried
forward |
7.019,- |
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Profit or loss for the
previous year |
9.210.399,- |
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Profit or loss for the
financial year |
13.557.179,- |
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Total provisions |
2.476.762,- |
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Total liabilities |
42.707.093,- |
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Total long-term liabilities |
20.794,- |
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Long-term Loans, Mortgage
debts |
20.794,- |
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Total current liabilities |
42.678.401,- |
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Current accounts payable (trade) |
38.462.037,- |
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Income and social tax
liabilities |
4.214.362,- |
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Total accrued expenses
and deferred income |
7.898,- |
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Borrowing ratio |
129,01 % |
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Current ratio |
140,09 % |
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Debt gearing |
0,06 % |
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Profit margin. |
13,07 % |
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Quick ratio |
28,13 % |
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Return on assets |
26,24 % |
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Return on equity. |
40,95 % |
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Solidity or equity ratio |
43,19 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 August 2006 in EUR |
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Total operating income/revenue |
156.357.968,- |
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Main revenue (sales/turnover) |
153.863.860,- |
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Total operating expenses |
136.240.689,- |
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Cost of materials (type
of expenditure format) |
98.049.955,- |
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Personnel costs |
1.318.406,- |
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Depreciation |
1.984.191,- |
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Operating profit or loss |
20.117.280,- |
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Financial income |
111.550,- |
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Financial expenses |
41.547,- |
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Result of ordinary operations |
20.187.283,- |
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Extraordinary income |
599.436,- |
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Extraordinary expenses |
370.133,- |
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Extraordinary result |
229.303,- |
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Pre-tax and
pre-appropriation profit or loss |
20.187.283,- |
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Taxes |
6.859.406,- |
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Net profit or loss |
13.557.179,- |
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Turnover for the
period: 00 0000 - 31 August 2005 in EUR 135.845.591,00 |
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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 August 2005 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
65.118.582,- |
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Total fixed assets |
14.700.834,- |
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Total intangible fixed assets |
6.332.791,- |
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Concessions and
industrial rights, goodwill |
15.713,- |
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Total tangible fixed assets |
6.522.675,- |
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Land and buildings |
2.911.532,- |
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Plant, machinery and equipment |
12.484,- |
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Total financial fixed assets |
1.845.364,- |
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Loans, shares and participations |
30.489,- |
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Total Current assets |
50.417.748,- |
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Inventories and work in progress
(incl. prepayments) |
46.377.025,- |
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Accounts receivable (trade) |
525.555,- |
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Cash in hand and at bank |
1.640.507,- |
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Total accrued income and
prepaid expenses |
1.651.769,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
65.118.582,- |
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Total equity (Shareholders' funds) |
25.895.498,- |
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Issued (subscribed) capital |
14.165.563,- |
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Share premium account
(capital reserve) |
1.968.247,- |
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Legal reserves |
1.416.556,- |
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Profit or loss carried
forward |
-952.084,- |
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Profit or loss for the
previous year |
7.830.560,- |
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Profit or loss for the
financial year |
9.210.399,- |
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Total provisions |
3.280.814,- |
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Total liabilities |
35.942.269,- |
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Total long-term liabilities |
22.143,- |
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Long-term Loans, Mortgage
debts |
20.243,- |
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Long-term liabilities to
credit institutions |
1.900,- |
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Total current liabilities |
35.912.696,- |
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Current accounts payable (trade) |
31.022.046,- |
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Income and social tax
liabilities |
4.568.755,- |
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Total accrued expenses
and deferred income |
7.428,- |
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Borrowing ratio |
128,09 % |
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Current ratio |
140,36 % |
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Debt gearing |
0,08 % |
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Profit margin. |
12,12 % |
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Quick ratio |
11,25 % |
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Return on assets |
25,28 % |
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Return on equity. |
32,82 % |
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Solidity or equity ratio |
43,09 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 August 2005 in EUR |
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Total operating income/revenue |
138.386.077,- |
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Main revenue (sales/turnover) |
135.845.591,- |
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Total operating expenses |
121.925.791,- |
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Cost of materials (type
of expenditure format) |
89.470.106,- |
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Personnel costs |
1.239.395,- |
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Depreciation |
1.939.912,- |
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Operating profit or loss |
16.460.286,- |
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Financial income |
2.963,- |
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Financial expenses |
246.148,- |
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Result of ordinary operations |
16.217.101,- |
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Extraordinary income |
243.995,- |
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Extraordinary expenses |
1.539.137,- |
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Extraordinary result |
-1.295.142,- |
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Pre-tax and
pre-appropriation profit or loss |
16.217.100,- |
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Taxes |
5.711.558,- |
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Net profit or loss |
9.210.399,- |
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Turnover for the
period: 00 0000 - 31 August 2004 in EUR 126.216.600,00 |
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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 August 2004 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
59.444.711,- |
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Total fixed assets |
14.127.517,- |
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Total intangible fixed assets |
6.458.631,- |
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Concessions and
industrial rights, goodwill |
10.324,- |
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Total tangible fixed assets |
5.890.003,- |
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Land and buildings |
1.285.175,- |
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Plant, machinery and equipment |
16.031,- |
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Total financial fixed assets |
1.778.882,- |
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Loans, shares and participations |
30.490,- |
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Total Current assets |
45.317.195,- |
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Inventories and work in
progress (incl. prepayments) |
41.349.803,- |
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Accounts receivable (trade) |
623.544,- |
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Cash in hand and at bank |
1.943.747,- |
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Total accrued income and
prepaid expenses |
1.136.377,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
59.444.711,- |
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Total equity (Shareholders' funds) |
25.798.219,- |
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Issued (subscribed) capital |
14.165.563,- |
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Share premium account
(capital reserve) |
1.968.247,- |
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Legal reserves |
1.416.556,- |
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Profit or loss carried
forward |
330.476,- |
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Profit or loss for the
financial year |
7.830.560,- |
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Total provisions |
379.689,- |
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Total liabilities |
33.266.803,- |
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Total long-term liabilities |
19.787,- |
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Long-term Loans, Mortgage
debts |
18.687,- |
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Long-term liabilities to
credit institutions |
1.100,- |
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Total current liabilities |
33.239.917,- |
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Current accounts payable (trade) |
28.369.379,- |
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Income and social tax
liabilities |
3.200.043,- |
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Total accrued expenses
and deferred income |
7.099,- |
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Borrowing ratio |
127,71 % |
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Current ratio |
136,30 % |
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Debt gearing |
0,08 % |
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Profit margin. |
10,74 % |
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Quick ratio |
11,93 % |
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Return on assets |
22,80 % |
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Return on equity. |
30,06 % |
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Solidity or equity ratio |
43,82 % |
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Corporate profit and loss account for the year: 00 0000 - 31
August 2004 in EUR |
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Total operating income/revenue |
128.168.780,- |
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Main revenue (sales/turnover) |
126.216.600,- |
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Total operating expenses |
114.614.133,- |
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Cost of materials (type of expenditure format) |
76.331.234,- |
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Personnel costs |
1.085.871,- |
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Depreciation |
1.816.806,- |
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Operating profit or loss |
13.554.647,- |
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Financial income |
1.367,- |
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Financial expenses |
216.938,- |
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Result of ordinary operations |
13.339.075,- |
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Extraordinary income |
252.750,- |
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Extraordinary expenses |
1.318.498,- |
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Extraordinary result |
-1.065.748,- |
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Pre-tax and pre-appropriation profit or loss |
13.339.075,- |
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Taxes |
4.442.768,- |
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Net profit or loss |
7.830.560,- |
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%)