MIRA
INFORM REPORT
|
Report Date : |
19.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LA SOCIETE
RAYMOND BLOCH SA |
|
|
|
|
Registered Office : |
74 Rue La Fayette 75009 Paris 09 Fr |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
30.04.2007 |
|
|
|
|
Date of Incorporation : |
01.01.1964 |
|
|
|
|
Com. Reg. No.: |
64B01399, PARIS |
|
|
|
|
Legal Form : |
Public Limited Company - Board of Directors |
|
|
|
|
Line of Business : |
Wholesale of Miscellaneous Household Goods |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
LA SOCIETE RAYMOND
BLOCH SA
74 RUE LA
FAYETTE
75009 PARIS
09 FR
Tel. Number
+33-1-55331839
Fax number
+33-1-42467149
summary
Business founded 01 January 1964
Registration
number, 64B01399,
PARIS,
party
identification, 642013999,
Legal form Public
limited company - board of directors
Activities
Wholesale of
miscellaneous household goods
Payment experience
Payment regular
Credit opinion
High
creditworthiness
The export
volume in percentage of total sales for the company. 57,35
Financial
structure (balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Normal
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
16
Total share capital30 April 2007
EUR 480000
Bank
B.N.P.75 PARIS AG.
BERGERE - CCF
Board members
BLOCH
ROGER Chairman of the board
BLOCH
LAURENT Board member
Management
BLOCH
PHILIPPE Chairman of the supervisory board
BLOCH
MARTINE Vice-chairman of the supervisory board
BLOCH
MARTINE Supervisory board member
PHILOS SC , REPRESENTED
BY BLOCH STEPHANIE Supervisory board member
Auditor
MASSOUTRE
PATRICK Deputy auditor
|
The business
owns or partly owns one or more pieces of land and buildings? No
(Property) |
|
|
|
|
|
Turnover for the
period: 00 0000 - 30 April 2007 in EUR 21.929.385,00 |
|
|
Not
consolidated profit and loss turnover of the business: |
|
|
|
|
|
Corporate
balance sheet for the year: 00 0000 - 30 April 2007 in
EUR |
|
|
Total assets incl. prepaid expenses and accrued income |
9.045.546,- |
|
Total fixed assets |
209.054,- |
|
Total intangible fixed assets |
1.898,- |
|
Total tangible fixed assets |
83.722,- |
|
Plant, machinery and equipment |
6.408,- |
|
Total financial fixed assets |
123.435,- |
|
Loans, shares and participations |
94.555,- |
|
Total Current assets |
8.834.663,- |
|
Inventories and work in progress (incl. prepayments) |
1.535.955,- |
|
Accounts receivable (trade) |
4.190.431,- |
|
Investments (short-term) |
2.113.754,- |
|
Cash in hand and at bank |
907.815,- |
|
Total accrued income and prepaid expenses |
41.345,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
9.045.546,- |
|
Total equity (Shareholders' funds) |
7.173.736,- |
|
Issued (subscribed) capital |
480.000,- |
|
Statutory reserves |
6.039.710,- |
|
Legal reserves |
48.000,- |
|
Profit or loss for the previous year |
534.625,- |
|
Profit or loss for the financial year |
521.624,- |
|
Total provisions |
1.830,- |
|
Total liabilities |
1.867.177,- |
|
Total long-term liabilities |
60.593,- |
|
Long-term Loans, Mortgage debts |
60.500,- |
|
Long-term liabilities to credit institutions |
93,- |
|
Total current liabilities |
1.806.584,- |
|
Current accounts payable (trade) |
942.026,- |
|
Income and social tax liabilities |
514.679,- |
|
Borrowing ratio |
26,02 % |
|
Current ratio |
489,03 % |
|
Debt gearing |
0,84 % |
|
Profit margin. |
2,97 % |
|
Quick ratio |
404,01 % |
|
Return on assets |
7,21 % |
|
Return on equity. |
7,27 % |
|
Solidity or equity ratio |
79,32 % |
|
Corporate profit
and loss account for the year: 00 0000 - 30 April 2007 in
EUR |
|
|
Total operating income/revenue |
22.189.727,- |
|
Main revenue (sales/turnover) |
21.929.385,- |
|
Total operating expenses |
21.537.338,- |
|
Cost of materials (type of expenditure format) |
18.397.355,- |
|
Personnel costs |
1.141.406,- |
|
Depreciation |
48.239,- |
|
Operating profit or loss |
652.388,- |
|
Financial income |
284.986,- |
|
Financial expenses |
125.779,- |
|
Result of ordinary operations |
811.595,- |
|
Extraordinary income |
43.379,- |
|
Extraordinary expenses |
75.837,- |
|
Extraordinary result |
-32.458,- |
|
Pre-tax and pre-appropriation profit or loss |
811.596,- |
|
Taxes |
257.514,- |
|
Net profit or loss |
521.624,- |
|
|
|
|
Turnover for the period: 00 0000 - 30 April 2006 in
EUR 18.907.026,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
|
|
|
|
Corporate
balance sheet for the year: 00 0000 - 30 April 2006 in
EUR |
|
|
|
|
|
Total assets incl. prepaid expenses and accrued income |
10.355.053,- |
|
Total fixed assets |
216.339,- |
|
Total intangible fixed assets |
17.071,- |
|
Total tangible fixed assets |
76.620,- |
|
Plant, machinery and equipment |
155,- |
|
Total financial fixed assets |
122.647,- |
|
Loans, shares and participations |
94.555,- |
|
Total Current assets |
10.138.714,- |
|
Inventories and work in progress (incl. prepayments) |
2.119.189,- |
|
Accounts receivable (trade) |
4.791.588,- |
|
Investments (short-term) |
1.919.295,- |
|
Cash in hand and at bank |
1.226.906,- |
|
Total accrued income and prepaid expenses |
30.390,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
10.355.053,- |
|
Total equity (Shareholders' funds) |
7.047.172,- |
|
Issued (subscribed) capital |
480.000,- |
|
Statutory reserves |
5.931.106,- |
|
Legal reserves |
48.000,- |
|
Profit or loss carried forward |
-176.021,- |
|
Profit or loss for the previous year |
218.343,- |
|
Profit or loss for the financial year |
534.625,- |
|
Total provisions |
76.000,- |
|
Total liabilities |
3.216.724,- |
|
Total long-term liabilities |
72.083,- |
|
Long-term Loans, Mortgage debts |
64.520,- |
|
Long-term liabilities to credit institutions |
7.563,- |
|
Total current liabilities |
3.001.662,- |
|
Current accounts payable (trade) |
1.374.193,- |
|
Income and social tax liabilities |
388.487,- |
|
Total accrued expenses and deferred income |
142.978,- |
|
Borrowing ratio |
45,32 % |
|
Current ratio |
322,41 % |
|
Debt gearing |
1,02 % |
|
Profit margin. |
4,62 % |
|
Quick ratio |
255,02 % |
|
Return on assets |
8,44 % |
|
Return on equity. |
7,53 % |
|
Solidity or equity ratio |
68,54 % |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 30 April 2006 in
EUR |
|
|
|
|
|
Total operating income/revenue |
18.949.803,- |
|
Main revenue (sales/turnover) |
18.907.026,- |
|
Total operating expenses |
18.076.281,- |
|
Cost of materials (type of expenditure format) |
15.430.932,- |
|
Personnel costs |
978.265,- |
|
Depreciation |
30.222,- |
|
Operating profit or loss |
873.522,- |
|
Financial income |
363.317,- |
|
Financial expenses |
483.805,- |
|
Result of ordinary operations |
753.034,- |
|
Extraordinary income |
2.921,- |
|
Extraordinary expenses |
28.080,- |
|
Extraordinary result |
-25.159,- |
|
Pre-tax and pre-appropriation profit or loss |
753.035,- |
|
Taxes |
193.251,- |
|
Net profit or loss |
534.625,- |
|
Turnover for the period: 00 0000 - 30 April 2005 in
EUR 15.019.321,00 |
|
Not consolidated profit and loss turnover of the business: |
|
Corporate
balance sheet for the year: 00 0000 - 30 April 2005 in
EUR |
|
|
|
|
|
Total assets incl. prepaid expenses and accrued income |
11.306.996,- |
|
Total fixed assets |
202.067,- |
|
Total intangible fixed assets |
11.690,- |
|
Total tangible fixed assets |
45.256,- |
|
Plant, machinery and equipment |
292,- |
|
Total financial fixed assets |
145.121,- |
|
Loans, shares and participations |
113.522,- |
|
Total Current assets |
11.099.645,- |
|
Inventories and work in progress (incl. prepayments) |
2.475.382,- |
|
Accounts receivable (trade) |
3.882.060,- |
|
Investments (short-term) |
3.962.509,- |
|
Cash in hand and at bank |
503.760,- |
|
Total accrued income and prepaid expenses |
52.671,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred income |
11.306.996,- |
|
Total equity (Shareholders' funds) |
6.465.187,- |
|
Issued (subscribed) capital |
480.000,- |
|
Statutory reserves |
5.931.106,- |
|
Legal reserves |
48.000,- |
|
Profit or loss carried forward |
-394.365,- |
|
Profit or loss for the financial year |
218.343,- |
|
Total provisions |
62.149,- |
|
Total liabilities |
4.772.643,- |
|
Total long-term liabilities |
200.194,- |
|
Long-term Loans, Mortgage debts |
196.018,- |
|
Long-term liabilities to credit institutions |
4.176,- |
|
Total current liabilities |
4.572.449,- |
|
Current accounts payable (trade) |
2.628.676,- |
|
Income and social tax liabilities |
369.564,- |
|
Borrowing ratio |
73,36 % |
|
Current ratio |
242,75 % |
|
Debt gearing |
3,08 % |
|
Profit margin. |
0,58 % |
|
Quick ratio |
188,61 % |
|
Return on assets |
0,77 % |
|
Return on equity. |
3,36 % |
|
Solidity or equity ratio |
57,54 % |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 30 April 2005 in
EUR |
|
|
|
|
|
Total operating income/revenue |
15.108.184,- |
|
Main revenue (sales/turnover) |
15.019.321,- |
|
Total operating expenses |
15.020.760,- |
|
Cost of materials (type of expenditure format) |
13.301.118,- |
|
Personnel costs |
856.448,- |
|
Depreciation |
24.674,- |
|
Operating profit or loss |
87.424,- |
|
Financial income |
343.998,- |
|
Financial expenses |
145.567,- |
|
Result of ordinary operations |
285.855,- |
|
Extraordinary income |
48.533,- |
|
Extraordinary expenses |
7.946,- |
|
Extraordinary result |
40.587,- |
|
Pre-tax and pre-appropriation profit or loss |
285.855,- |
|
Taxes |
108.099,- |
|
Net profit or loss |
218.343,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
|
UK Pound |
1 |
Rs.84.37 |
|
Euro |
1 |
Rs.65.70 |
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%)