MIRA
INFORM REPORT
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Report Date : |
22.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
CLOUDS SARL |
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Registered Office : |
630 Route De Rodez 12160 Baraqueville |
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Country : |
France |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.01.1980 |
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Com. Reg. No.: |
80B00044, RODEZ |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Clothing and Footwear |
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 90000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CLOUDS SARL
630 ROUTE DE
RODEZ
12160 BARAQUEVILLE FR
Tel. Number
+33-5-65712250
Fax number
+33-5-65701972
Business founded
01 January 1980
Registration number
80B00044, RODEZ,
Trade name
LA DILIGENCE,
party identification
318660560,
Legal form
Private limited
company (no information regarding quotation)
Activities
Wholesale of
clothing and footwear
Payment experience
Payment regular
Credit opinion
High
creditworthiness
Maximum credit
limit 90000 EUR is advised
The
exportvolume in percentage of total sales for the company. 0,00
Financial
structure (balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Outstanding
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
11
Total share capital
31 December 2007 EUR 80001
Branch office(s)
54 B RUE D'ALSACE
LORRAINE,31000 TOULOUSE
Bank
CA AG ENT 12
RODEZ
Management
HAY
JEAN-CLAUDE Shareholder and managing director
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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 4.600.063,00 |
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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 |
1.490.951,- |
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Total fixed assets |
99.435,- |
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Total intangible fixed assets |
1.035,- |
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Concessions and industrial rights, goodwill |
1.035,- |
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Total tangible fixed assets |
81.538,- |
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Plant, machinery and equipment |
11.270,- |
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Total financial fixed assets |
16.861,- |
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Loans, shares and participations |
11,- |
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Investments (long-term) |
3.600,- |
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Total Current assets |
1.391.516,- |
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Inventories and work in progress (incl. prepayments) |
478.442,- |
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Accounts receivable (trade) |
54.015,- |
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Investments (short-term) |
100.057,- |
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Cash in hand and at bank |
674.957,- |
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Total accrued income and prepaid expenses |
14.438,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.490.951,- |
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Total equity (Shareholders' funds) |
772.989,- |
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Issued (subscribed) capital |
80.001,- |
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Legal reserves |
8.000,- |
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Profit or loss for the previous year |
99.927,- |
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Profit or loss for the financial year |
284.789,- |
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Total liabilities |
717.962,- |
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Total long-term liabilities |
11.726,- |
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Long-term Loans, Mortgage debts |
328,- |
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Long-term liabilities to credit institutions |
11.398,- |
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Total current liabilities |
706.236,- |
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Current accounts payable (trade) |
420.455,- |
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Income and social tax liabilities |
233.294,- |
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Borrowing ratio |
92,88 % |
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Current ratio |
197,03 % |
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Debt gearing |
1,52 % |
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Profit margin. |
9,83 % |
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Quick ratio |
129,29 % |
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Return on assets |
30,33 % |
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Return on equity. |
36,84 % |
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Solidity or equity ratio |
51,85 % |
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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 |
4.620.123,- |
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Main revenue (sales/turnover) |
4.600.063,- |
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Total operating expenses |
4.167.927,- |
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Cost of materials (type of expenditure format) |
2.308.116,- |
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Personnel costs |
524.995,- |
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Depreciation |
42.806,- |
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Operating profit or loss |
452.196,- |
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Financial income |
8.198,- |
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Financial expenses |
40.743,- |
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Result of ordinary operations |
419.651,- |
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Extraordinary income |
7.358,- |
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Extraordinary expenses |
8.645,- |
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Extraordinary result |
-1.287,- |
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Pre-tax and pre-appropriation profit or loss |
419.651,- |
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Taxes |
133.575,- |
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Net profit or loss |
284.789,- |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 2.638.085,00 |
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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 |
1.028.753,- |
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Total fixed assets |
106.400,- |
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Total intangible fixed assets |
1.277,- |
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Concessions and industrial rights, goodwill |
1.277,- |
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Total tangible fixed assets |
88.262,- |
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Plant, machinery and equipment |
1.652,- |
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Total financial fixed assets |
16.861,- |
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Loans, shares and participations |
11,- |
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Investments (long-term) |
3.600,- |
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Total Current assets |
922.353,- |
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Inventories and work in progress (incl. prepayments) |
480.993,- |
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Accounts receivable (trade) |
222.007,- |
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Cash in hand and at bank |
141.062,- |
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Total accrued income and prepaid expenses |
37.654,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.028.753,- |
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Total equity (Shareholders' funds) |
488.200,- |
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Issued (subscribed) capital |
80.001,- |
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Legal reserves |
8.000,- |
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Profit or loss for the previous year |
-25.563,- |
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Profit or loss for the financial year |
99.927,- |
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Total liabilities |
540.553,- |
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Total long-term liabilities |
38.888,- |
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Long-term Loans, Mortgage debts |
3.326,- |
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Long-term liabilities to credit institutions |
35.562,- |
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Total current liabilities |
501.665,- |
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Current accounts payable (trade) |
298.131,- |
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Income and social tax liabilities |
152.844,- |
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Borrowing ratio |
110,72 % |
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Current ratio |
183,86 % |
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Debt gearing |
7,97 % |
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Profit margin. |
5,58 % |
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Quick ratio |
87,98 % |
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Return on assets |
14,32 % |
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Return on equity. |
20,47 % |
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Solidity or equity ratio |
47,46 % |
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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 |
2.643.725,- |
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Main revenue (sales/turnover) |
2.638.085,- |
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Total operating expenses |
2.496.402,- |
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Cost of materials (type of expenditure format) |
1.311.643,- |
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Personnel costs |
408.792,- |
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Depreciation |
41.854,- |
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Operating profit or loss |
147.323,- |
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Financial income |
6.635,- |
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Financial expenses |
30.831,- |
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Result of ordinary operations |
123.127,- |
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Extraordinary income |
11.836,- |
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Extraordinary expenses |
9.678,- |
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Extraordinary result |
2.158,- |
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Pre-tax and pre-appropriation profit or loss |
123.127,- |
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Taxes |
25.358,- |
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Net profit or loss |
99.927,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 2.208.724,00 |
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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 |
710.073,- |
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Total fixed assets |
116.032,- |
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Total intangible fixed assets |
5.241,- |
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Concessions and industrial rights, goodwill |
5.241,- |
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Total tangible fixed assets |
102.030,- |
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Total financial fixed assets |
8.761,- |
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Loans, shares and participations |
11,- |
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Investments (long-term) |
3.600,- |
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Total Current assets |
594.041,- |
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Inventories and work in progress (incl. prepayments) |
440.426,- |
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Accounts receivable (trade) |
67.226,- |
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Cash in hand and at bank |
12.588,- |
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Total accrued income and prepaid expenses |
5.724,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
710.073,- |
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Total equity (Shareholders' funds) |
388.274,- |
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Issued (subscribed) capital |
80.001,- |
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Legal reserves |
8.000,- |
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Profit or loss for the financial year |
-25.563,- |
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Total liabilities |
321.799,- |
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Total long-term liabilities |
54.334,- |
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Long-term Loans, Mortgage debts |
9.676,- |
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Long-term liabilities to credit institutions |
44.658,- |
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Total current liabilities |
267.466,- |
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Current accounts payable (trade) |
152.541,- |
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Income and social tax liabilities |
64.591,- |
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Borrowing ratio |
82,88 % |
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Current ratio |
222,10 % |
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Debt gearing |
13,99 % |
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Profit margin. |
-0,85 % |
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Quick ratio |
57,43 % |
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Return on assets |
-2,63 % |
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Return on equity. |
-6,58 % |
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Solidity or equity ratio |
54,68 % |
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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 |
2.234.726,- |
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Main revenue (sales/turnover) |
2.208.724,- |
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Total operating expenses |
2.253.427,- |
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Cost of materials (type of expenditure format) |
1.090.706,- |
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Personnel costs |
349.291,- |
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Depreciation |
31.310,- |
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Operating profit or loss |
-18.700,- |
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Financial income |
12.989,- |
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Financial expenses |
21.735,- |
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Result of ordinary operations |
-27.446,- |
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Extraordinary income |
1.646,- |
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Extraordinary expenses |
515,- |
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Extraordinary result |
1.131,- |
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Pre-tax and pre-appropriation profit or loss |
-27.446,- |
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Taxes |
-752,- |
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Net profit or loss |
-25.563,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.74 |
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%)