MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SNETOR CHIMIE |
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Registered Office : |
11 Avenue Dubonnet 92400 |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
97B00276, |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesaler of Miscellaneous Intermediate Products |
RATING & COMMENTS
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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
SNETOR CHIMIE
11 AVENUE
DUBONNET
92400
Tel. Number
+33-1-49048888
Fax number
+33-1-49048899
summary
Business founded 01 January 1997
Business registered 23
January 1997 - Public limited company (no information regarding quotation)
Registration
number, 97B00276,
Party
identification, 411096290,
Legal form Public
limited company (no information regarding quotation)
Activities
Wholesale of
miscellaneous intermediate products
Payment experience
Payment regular
Credit opinion
Normal
creditworthiness
Maximum
credit limit 150000 EUR is advised
The export
volume in percentage of total sales for the company. 99,99
Financial
structure (balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Weak
Profitability
(balance sheet analysis) : Low
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
18
Total share capital
31 December 2007 EUR 2015000
Bank
BNP 92 LA GARENNE CL 92 ASNIERES SG 92 LEVALLOIS
Board members
SNETOR ,
REPRESENTED BY SEIGNABOU IVAN Boardmember
Auditor
FATEHALI
Deputy auditor
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The business owns or partly owns one or more pieces of land and
buildings? No (Property) |
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Turnover for the period: 00 0000 - 31 December 2007 in
EUR 225.747.525,00 |
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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 December 2007 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
84.021.409,- |
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Total fixed assets |
915.946,- |
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Total intangible fixed assets |
914.694,- |
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Total tangible fixed assets |
1.252,- |
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Total Current assets |
83.105.463,- |
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Inventories and work in progress (incl. prepayments) |
1.579.736,- |
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Accounts receivable (trade) |
79.635.124,- |
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Cash in hand and at bank |
1.522.662,- |
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Total accrued income and prepaid expenses |
14.133,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
84.021.409,- |
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Total equity (Shareholders' funds) |
12.266.479,- |
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Issued (subscribed) capital |
2.015.000,- |
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Legal reserves |
201.500,- |
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Profit or loss for the previous year |
3.563.749,- |
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Profit or loss for the financial year |
4.007.633,- |
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Total liabilities |
71.754.930,- |
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Total long-term liabilities |
197.330,- |
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Long-term liabilities to credit institutions |
197.330,- |
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Total current liabilities |
71.557.600,- |
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Current accounts payable (trade) |
69.391.777,- |
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Income and social tax liabilities |
1.881.527,- |
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Borrowing ratio |
584,97 % |
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Current ratio |
116,14 % |
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Debt gearing |
1,61 % |
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Profit margin. |
2,72 % |
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Quick ratio |
113,93 % |
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Return on assets |
7,30 % |
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Return on equity. |
32,67 % |
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Solidity or equity ratio |
14,60 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2007 in
EUR |
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Total operating income/revenue |
226.170.201,- |
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Main revenue (sales/turnover) |
225.747.525,- |
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Total operating expenses |
220.036.965,- |
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Cost of materials (type of expenditure format) |
212.891.459,- |
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Personnel costs |
1.920.962,- |
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Depreciation |
2.200,- |
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Operating profit or loss |
6.133.236,- |
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Financial income |
618.342,- |
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Financial expenses |
635.685,- |
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Result of ordinary operations |
6.115.894,- |
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Extraordinary income |
4.564,- |
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Extraordinary expenses |
38.172,- |
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Extraordinary result |
-33.607,- |
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Pre-tax and pre-appropriation profit or loss |
6.115.894,- |
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Taxes |
2.074.653,- |
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Net profit or loss |
4.007.633,- |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 174.285.159,00 |
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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 December 2006 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
60.099.663,- |
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Total fixed assets |
918.146,- |
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Total intangible fixed assets |
914.694,- |
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Total tangible fixed assets |
3.452,- |
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Total Current assets |
59.181.516,- |
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Inventories and work in progress (incl. prepayments) |
2.047.448,- |
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Accounts receivable (trade) |
54.013.501,- |
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Investments (short-term) |
1.200.274,- |
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Cash in hand and at bank |
1.786.475,- |
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Total accrued income and prepaid expenses |
33.717,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
60.099.663,- |
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Total equity (Shareholders' funds) |
10.041.347,- |
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Issued (subscribed) capital |
2.015.000,- |
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Legal reserves |
201.500,- |
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Profit or loss for the previous year |
3.028.269,- |
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Profit or loss for the financial year |
3.563.749,- |
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Total liabilities |
50.058.317,- |
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Total long-term liabilities |
6.696,- |
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Long-term liabilities to credit institutions |
6.696,- |
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Total current liabilities |
50.051.621,- |
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Current accounts payable (trade) |
48.098.252,- |
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Income and social tax liabilities |
1.681.866,- |
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Borrowing ratio |
498,52 % |
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Current ratio |
118,24 % |
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Debt gearing |
0,07 % |
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Profit margin. |
3,11 % |
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Quick ratio |
114,15 % |
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Return on assets |
9,02 % |
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Return on equity. |
35,49 % |
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Solidity or equity ratio |
16,71 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2006 in
EUR |
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Total operating income/revenue |
174.875.256,- |
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Main revenue (sales/turnover) |
174.285.159,- |
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Total operating expenses |
169.456.079,- |
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Cost of materials (type of expenditure format) |
164.406.502,- |
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Personnel costs |
1.596.032,- |
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Depreciation |
2.313,- |
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Operating profit or loss |
5.419.177,- |
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Financial income |
314.373,- |
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Financial expenses |
349.535,- |
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Result of ordinary operations |
5.384.015,- |
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Extraordinary income |
28.180,- |
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Extraordinary expenses |
9.078,- |
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Extraordinary result |
19.102,- |
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Pre-tax and pre-appropriation profit or loss |
5.384.015,- |
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Taxes |
1.839.369,- |
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Net profit or loss |
3.563.748,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 140.083.270,00 |
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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 December 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
49.570.697,- |
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Total fixed assets |
921.397,- |
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Total intangible fixed assets |
914.694,- |
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Total tangible fixed assets |
4.475,- |
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Total financial fixed assets |
2.228,- |
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Total Current assets |
48.649.301,- |
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Inventories and work in progress (incl. prepayments) |
1.439.974,- |
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Accounts receivable (trade) |
39.851.096,- |
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Investments (short-term) |
3.933.699,- |
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Cash in hand and at bank |
3.312.529,- |
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Total accrued income and prepaid expenses |
17.798,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
49.570.697,- |
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Total equity (Shareholders' funds) |
7.977.222,- |
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Issued (subscribed) capital |
2.015.000,- |
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Legal reserves |
118.148,- |
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Profit or loss for the financial year |
3.028.269,- |
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Total provisions |
325.000,- |
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Total liabilities |
41.268.475,- |
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Total long-term liabilities |
1.870,- |
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Long-term liabilities to credit institutions |
1.870,- |
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Total current liabilities |
41.266.605,- |
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Current accounts payable (trade) |
38.937.680,- |
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Income and social tax liabilities |
1.962.685,- |
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Borrowing ratio |
503,78 % |
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Current ratio |
117,89 % |
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Debt gearing |
0,02 % |
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Profit margin. |
3,05 % |
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Quick ratio |
114,40 % |
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Return on assets |
8,62 % |
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Return on equity. |
36,97 % |
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Solidity or equity ratio |
16,53 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
140.432.995,- |
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Main revenue (sales/turnover) |
140.083.270,- |
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Total operating expenses |
136.161.738,- |
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Cost of materials (type of expenditure format) |
130.965.106,- |
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Personnel costs |
1.405.045,- |
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Depreciation |
1.745,- |
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Operating profit or loss |
4.271.257,- |
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Financial income |
415.566,- |
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Financial expenses |
68.997,- |
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Result of ordinary operations |
4.617.827,- |
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Extraordinary income |
5.088,- |
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Extraordinary expenses |
414,- |
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Extraordinary result |
4.674,- |
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Pre-tax and pre-appropriation profit or loss |
4.617.827,- |
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Taxes |
1.594.232,- |
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Net profit or loss |
3.028.269,- |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)