MIRA INFORM REPORT

 

 

Report Date :

29.05.2008

 

IDENTIFICATION DETAILS

 

Correct Name :

SOCIETE NOUVELLE DE GESTION DES MAGASINS GHANTY ROYAL

 

 

Registered Office :

40 Rue Marechal Leclerc 97400 St Denis 

 

 

Country :

France

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

08.04.1991

 

 

Com. Reg. No.:

92B00390, ST-DENIS DE LA REUNION

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Retail Sale of Clothing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

EUR 7500

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

SOCIETE NOUVELLE DE GESTION DES MAGASINS GHANTY ROYAL

 40 RUE MARECHAL LECLERC

 97400 ST DENIS FR

 

 

Business founded

08 April 1991

Business registered

21 May 1991 - Public limited company (no information regarding quotation)

Registration number,

92B00390, ST-DENIS DE LA REUNION,

Alternative trade name(s),

SNGR,

Trade name,

GHANTY ROYAL - SILDY,

party identification,

381544675,

Legal form

Public limited company (no information regarding quotation)

Activities

Retail sale of clothing

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 7500 EUR is advised

 

The export volume in percentage of total sales for the company.  2,02

 

Cash situation (balance sheet analysis) : Normal 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

 

No Match! : Limited 

Employees (Business)

 353

Total number of shareholders

 3

Total share capital31 March 2006

EUR 9334499

Branch office(s)

10 BOULEVARD DE STRASBOURG,75010 PARIS 10   

 

315 ZI BEL AIR,97450 ST LOUIS   

 

97460 ST PAUL   

 

28 CROIX JUBILE,97410 ST PIERRE   

 

9 SIDR PLATEAU MAISON ROUGE,97450 ST LOUIS   

 

   Others

Bank

BR BNP CA BFC 974 ST DENIS   

Board members

GHANTY RASHID   President

Auditor

NATIVEL PIERRE   Auditor

 

TRESFELS NORBERT   Deputy auditor

(Part-) Owner

MR GHANTY RASHID   23,15 %   

 

328154448   SOCIETE DE GESTION DES MAGASINS GHANTY ROYAL   3,02 %   

Parent company :

311210900   GHANTY ROYAL   66,99 %   

Subsidiary company.

430192518   SOCIETE CIVILE IMMOBILIERE RAMAYANA   67,20 %   

 

411933245   EXTA GROUPEMENT TEXTILE   

Affiliate. A company which is affiliated with the Business.

330406091   GHANTY ROYAL MARTINIQUE   -5,00 %   

 

 

 

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 March 2006  in  EUR 39.584.834,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 March 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

30.728.790,-

Total fixed assets

11.669.570,-

Total intangible fixed assets

4.986.353,-

Concessions and industrial rights, goodwill

523.304,-

Total tangible fixed assets

3.969.437,-

Land and buildings

1.327.431,-

Plant, machinery and equipment

209.959,-

Total financial fixed assets

2.713.778,-

Loans, shares and participations

2.656.134,-

Total Current assets

19.059.220,-

Inventories and work in progress (incl. prepayments)

10.574.839,-

Accounts receivable (trade)

449.984,-

Investments (short-term)

6.388,-

Cash in hand and at bank

429.487,-

Total accrued income and prepaid expenses

130.692,-

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

30.728.790,-

Total equity (Shareholders' funds)

17.909.316,-

Issued (subscribed) capital

9.334.499,-

Share premium account (capital reserve)

108.908,-

Legal reserves

385.804,-

Profit or loss carried forward

30,-

Profit or loss for the previous year

688.040,-

Profit or loss for the financial year

496.675,-

Total provisions

47.047,-

Total liabilities

12.772.427,-

Total long-term liabilities

5.921.834,-

Long-term Loans, Mortgage debts

1.951.023,-

Long-term liabilities to credit institutions

3.970.811,-

Total current liabilities

6.850.594,-

Current accounts payable (trade)

3.158.112,-

Income and social tax liabilities

2.344.207,-

Borrowing ratio

71,19 %

Current ratio

278,21 %

Debt gearing

33,01 %

Profit margin.

1,79 %

Quick ratio

123,85 %

Return on assets

2,30 %

Return on equity.

2,77 %

Solidity or equity ratio

58,38 %

 

Corporate profit and loss account for the year: 00 0000 - 31 March 2006  in  EUR 

Total operating income/revenue

40.235.776,-

Main revenue (sales/turnover)

39.584.834,-

Total operating expenses

39.528.851,-

Cost of materials (type of expenditure format)

11.610.525,-

Personnel costs

7.214.301,-

Depreciation

1.388.665,-

Operating profit or loss

706.925,-

Financial income

302.152,-

Financial expenses

377.879,-

Result of ordinary operations

631.198,-

Extraordinary income

24.260,-

Extraordinary expenses

25.240,-

Extraordinary result

-980,-

Pre-tax and pre-appropriation profit or loss

631.198,-

Taxes

133.543,-

Net profit or loss

496.675,-

 

Turnover for the period: 00 0000 - 31 March 2005  in  EUR 42.633.636,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 March 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

31.424.697,-

Total fixed assets

11.328.437,-

Total intangible fixed assets

4.779.197,-

Concessions and industrial rights, goodwill

332.148,-

Total tangible fixed assets

3.481.260,-

Land and buildings

1.462.775,-

Plant, machinery and equipment

114.674,-

Total financial fixed assets

3.067.978,-

Loans, shares and participations

3.008.000,-

Total Current assets

20.096.260,-

Inventories and work in progress (incl. prepayments)

15.158.044,-

Accounts receivable (trade)

173.469,-

Investments (short-term)

6.388,-

Cash in hand and at bank

916.440,-

Total accrued income and prepaid expenses

59.875,-

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

31.424.697,-

Total equity (Shareholders' funds)

17.443.294,-

Issued (subscribed) capital

9.334.499,-

Share premium account (capital reserve)

108.908,-

Legal reserves

352.935,-

Profit or loss carried forward

72,-

Profit or loss for the previous year

751.987,-

Profit or loss for the financial year

688.040,-

Total provisions

98.840,-

Total liabilities

13.882.563,-

Total long-term liabilities

3.275.013,-

Long-term Loans, Mortgage debts

1.033,-

Long-term liabilities to credit institutions

3.273.980,-

Total current liabilities

10.607.549,-

Current accounts payable (trade)

6.283.168,-

Income and social tax liabilities

2.545.910,-

Borrowing ratio

79,29 %

Current ratio

189,45 %

Debt gearing

18,71 %

Profit margin.

3,91 %

Quick ratio

46,55 %

Return on assets

5,31 %

Return on equity.

3,93 %

Solidity or equity ratio

55,72 %

 

Corporate profit and loss account for the year: 00 0000 - 31 March 2005  in  EUR 

Total operating income/revenue

43.793.691,-

Main revenue (sales/turnover)

42.633.636,-

Total operating expenses

42.126.360,-

Cost of materials (type of expenditure format)

20.287.539,-

Personnel costs

7.562.907,-

Depreciation

1.214.099,-

Operating profit or loss

1.667.332,-

Financial income

325.225,-

Financial expenses

258.805,-

Result of ordinary operations

1.733.752,-

Extraordinary income

475.039,-

Extraordinary expenses

690.113,-

Extraordinary result

-215.074,-

Pre-tax and pre-appropriation profit or loss

1.733.752,-

Taxes

693.786,-

Net profit or loss

688.040,-

 

Turnover for the period: 00 0000 - 31 March 2004  in  EUR 44.305.513,00

 Not consolidated profit and loss turnover of the business: 

 

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

Total assets incl. prepaid expenses and accrued income

28.048.510,-

Total fixed assets

11.666.546,-

Total intangible fixed assets

4.805.810,-

Concessions and industrial rights, goodwill

64.855,-

Total tangible fixed assets

3.444.251,-

Land and buildings

1.575.695,-

Plant, machinery and equipment

172.945,-

Total financial fixed assets

3.416.484,-

Loans, shares and participations

3.343.262,-

Total Current assets

16.381.964,-

Inventories and work in progress (incl. prepayments)

11.837.470,-

Accounts receivable (trade)

87.784,-

Investments (short-term)

6.388,-

Cash in hand and at bank

605.215,-

Total accrued income and prepaid expenses

183.505,-

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

28.048.510,-

Total equity (Shareholders' funds)

16.755.255,-

Issued (subscribed) capital

9.334.499,-

Share premium account (capital reserve)

108.908,-

Legal reserves

315.336,-

Profit or loss carried forward

684,-

Profit or loss for the financial year

751.987,-

Total provisions

233.426,-

Total liabilities

11.059.829,-

Total long-term liabilities

3.313.122,-

Long-term liabilities to credit institutions

3.313.122,-

Total current liabilities

7.746.707,-

Current accounts payable (trade)

4.885.653,-

Income and social tax liabilities

1.848.024,-

Borrowing ratio

65,41 %

Current ratio

211,47 %

Debt gearing

19,59 %

Profit margin.

2,30 %

Quick ratio

58,66 %

Return on assets

3,64 %

Return on equity.

4,45 %

Solidity or equity ratio

60,29 %

 

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

Total operating income/revenue

45.908.423,-

Main revenue (sales/turnover)

44.305.513,-

Total operating expenses

44.888.244,-

Cost of materials (type of expenditure format)

15.650.827,-

Personnel costs

7.851.220,-

Depreciation

1.315.799,-

Operating profit or loss

1.020.178,-

Financial income

426.496,-

Financial expenses

347.047,-

Result of ordinary operations

1.099.627,-

Extraordinary income

44.418,-

Extraordinary expenses

43.678,-

Extraordinary result

740,-

Pre-tax and pre-appropriation profit or loss

1.099.627,-

Taxes

348.381,-

Net profit or loss

751.987,-

 

 

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