MIRA
INFORM REPORT
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Report Date : |
24.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
COMPAGNIE
COTONNIERE COPACO |
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Registered Office : |
11 Rue De Monceau 75008 Paris 08 |
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Country : |
France |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.01.1984 |
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Com. Reg. No.: |
84B01587, PARIS |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Agents involved in the Sale of Agricultural Raw Materials, Live
Animals, Textile raw |
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
COMPAGNIE
COTONNIERE COPACO
11 RUE DE
MONCEAU
75008 PARIS
08 FR
Tel. Number
+33-1-53931600
Fax number
+33-1-53931650
Business founded
01 January 1984
Business registered
17 February 1984 -
Public limited company - board of administration
Registration number
84B01587, PARIS,
party identification
328962261
Legal form
Public limited
company - board of administration
Activities
Agents involved in
the sale of agricultural raw materials, live animals, textile raw
Payment experience
Payment regular
Credit opinion
Credit opinion
Maximum
credit limit 150000 EUR is advised
The
exportvolume in percentage of total sales for the company. 98,90
Financial structure
(balance sheet analysis) : Balanced
Cash
situation (balance sheet analysis) : Limited
Profitability
(balance sheet analysis) : Feeble
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
34
Total number of shareholders
8
Total share capital
31 December 2007 EUR 6080000
Branch office(s)
11 RUE DE
MONCEAU,75008 PARIS 08
Bank
BOC IENA 75 PARIS
16 - BNP
Board members
PELTIER
GILLES Chairman of the board
MERCIER
DIDIER Board member
PELLERIN LEFEBVRE
CHRISTOPHE Board member
Management
MERCIER
DIDIER Managing director
Auditor
BROUARD
CYRILLE Deputy auditor
(Part-) Owner
CMDT
MALI 6,00 %
COTONNIERE DU
TCHAD 4,10 %
SOCOCA
RCA 4,00 %
SODEFITEX
SENEGAL 4,00 %
SOFITEX BURKINA
FASO 4,00 %
SODECOTON
CAMEROUN 2,00 %
PERSONNES
PHYSIQUES 0,02 %
Parent company
602019903 GEOCOTON 74,87
%
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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 193.621.994,00 |
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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 |
45.834.886,- |
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Total fixed assets |
1.391.857,- |
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Total intangible fixed assets |
1.121.308,- |
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Concessions and industrial rights, goodwill |
206.614,- |
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Total tangible fixed assets |
255.615,- |
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Plant, machinery and equipment |
10.997,- |
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Total financial fixed assets |
14.934,- |
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Loans, shares and participations |
5.482,- |
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Total Current assets |
44.418.466,- |
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Inventories and work in progress (incl. prepayments) |
5.667.293,- |
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Accounts receivable (trade) |
23.585.882,- |
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Investments (short-term) |
1.482.611,- |
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Cash in hand and at bank |
4.833.961,- |
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Total accrued income and prepaid expenses |
104.582,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
45.834.886,- |
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Total equity (Shareholders' funds) |
8.262.687,- |
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Issued (subscribed) capital |
6.080.000,- |
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Legal reserves |
130.654,- |
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Profit or loss carried forward |
17.427,- |
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Profit or loss for the previous year |
107.954,- |
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Profit or loss for the financial year |
207.861,- |
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Total provisions |
2.942.563,- |
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Total liabilities |
34.598.898,- |
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Total long-term liabilities |
22.478.000,- |
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Long-term liabilities to credit institutions |
22.478.000,- |
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Total current liabilities |
12.118.182,- |
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Current accounts payable (trade) |
11.166.010,- |
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Income and social tax liabilities |
394.297,- |
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Total accrued expenses and deferred income |
2.716,- |
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Borrowing ratio |
339,05 % |
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Current ratio |
366,46 % |
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Debt gearing |
220,27 % |
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Profit margin. |
1,08 % |
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Quick ratio |
319,71 % |
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Return on assets |
4,54 % |
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Return on equity. |
2,04 % |
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Solidity or equity ratio |
22,26 % |
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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 |
198.838.543,- |
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Main revenue (sales/turnover) |
193.621.994,- |
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Total operating expenses |
196.756.440,- |
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Cost of materials (type of expenditure format) |
190.712.899,- |
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Personnel costs |
1.610.709,- |
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Depreciation |
146.651,- |
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Operating profit or loss |
2.082.103,- |
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Financial income |
3.911.291,- |
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Financial expenses |
5.727.315,- |
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Result of ordinary operations |
266.079,- |
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Extraordinary income |
79.036,- |
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Extraordinary expenses |
187.221,- |
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Extraordinary result |
-108.185,- |
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Pre-tax and pre-appropriation profit or loss |
266.079,- |
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Taxes |
-49.965,- |
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Net profit or loss |
207.859,- |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 207.024.561,00 |
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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 |
53.397.266,- |
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Total fixed assets |
3.241.726,- |
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Total intangible fixed assets |
1.211.668,- |
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Concessions and industrial rights, goodwill |
296.974,- |
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Total tangible fixed assets |
302.044,- |
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Plant, machinery and equipment |
12.909,- |
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Total financial fixed assets |
1.728.014,- |
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Loans, shares and participations |
213.303,- |
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Total Current assets |
50.101.332,- |
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Inventories and work in progress (incl. prepayments) |
3.944.370,- |
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Accounts receivable (trade) |
26.338.440,- |
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Cash in hand and at bank |
1.167.401,- |
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Total accrued income and prepaid expenses |
257.860,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
53.397.266,- |
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Total equity (Shareholders' funds) |
8.054.826,- |
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Issued (subscribed) capital |
6.080.000,- |
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Legal reserves |
125.256,- |
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Profit or loss carried forward |
364.871,- |
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Profit or loss for the previous year |
2.103.980,- |
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Profit or loss for the financial year |
107.954,- |
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Total provisions |
3.511.139,- |
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Total liabilities |
41.778.261,- |
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Total long-term liabilities |
23.329.079,- |
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Long-term liabilities to credit institutions |
23.329.079,- |
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Total current liabilities |
18.448.935,- |
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Current accounts payable (trade) |
17.170.694,- |
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Income and social tax liabilities |
475.419,- |
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Total accrued expenses and deferred income |
247,- |
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Borrowing ratio |
402,79 % |
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Current ratio |
271,56 % |
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Debt gearing |
224,92 % |
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Profit margin. |
0,66 % |
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Quick ratio |
250,18 % |
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Return on assets |
2,55 % |
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Return on equity. |
1,04 % |
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Solidity or equity ratio |
19,42 % |
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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 |
212.799.691,- |
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Main revenue (sales/turnover) |
207.024.561,- |
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Total operating expenses |
211.435.843,- |
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Cost of materials (type of expenditure format) |
193.176.786,- |
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Personnel costs |
1.576.204,- |
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Depreciation |
226.269,- |
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Operating profit or loss |
1.363.848,- |
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Financial income |
1.944.777,- |
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Financial expenses |
3.148.348,- |
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Result of ordinary operations |
160.277,- |
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Extraordinary income |
46.194,- |
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Extraordinary expenses |
48.552,- |
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Extraordinary result |
-2.358,- |
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Pre-tax and pre-appropriation profit or loss |
160.277,- |
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Taxes |
49.965,- |
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Net profit or loss |
107.954,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 245.237.618,00 |
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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 |
67.681.078,- |
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Total fixed assets |
2.954.878,- |
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Total intangible fixed assets |
1.307.146,- |
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Concessions and industrial rights, goodwill |
392.452,- |
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Total tangible fixed assets |
418.569,- |
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Plant, machinery and equipment |
14.822,- |
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Total financial fixed assets |
1.229.164,- |
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Loans, shares and participations |
218.142,- |
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Total Current assets |
64.678.048,- |
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Inventories and work in progress (incl. prepayments) |
13.890.123,- |
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Accounts receivable (trade) |
42.824.567,- |
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Cash in hand and at bank |
2.374.549,- |
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Total accrued income and prepaid expenses |
225.315,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
67.681.078,- |
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Total equity (Shareholders' funds) |
8.746.872,- |
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Issued (subscribed) capital |
6.080.000,- |
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Legal reserves |
20.057,- |
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Profit or loss carried forward |
316.090,- |
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Profit or loss for the financial year |
2.103.980,- |
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Total provisions |
3.732.163,- |
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Total liabilities |
55.152.400,- |
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Total long-term liabilities |
24.907.068,- |
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Long-term liabilities to credit institutions |
24.907.068,- |
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Total current liabilities |
30.245.332,- |
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Current accounts payable (trade) |
28.357.228,- |
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Income and social tax liabilities |
779.353,- |
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Borrowing ratio |
491,99 % |
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Current ratio |
213,84 % |
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Debt gearing |
222,18 % |
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Profit margin. |
0,97 % |
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Quick ratio |
167,92 % |
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Return on assets |
3,51 % |
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Return on equity. |
18,77 % |
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Solidity or equity ratio |
16,56 % |
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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 |
251.641.500,- |
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Main revenue (sales/turnover) |
245.237.618,- |
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Total operating expenses |
249.264.256,- |
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Cost of materials (type of expenditure format) |
243.422.549,- |
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Personnel costs |
1.657.420,- |
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Depreciation |
221.737,- |
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Operating profit or loss |
2.377.244,- |
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Financial income |
3.904.702,- |
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Financial expenses |
4.048.216,- |
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Result of ordinary operations |
2.233.730,- |
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Extraordinary income |
136.318,- |
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Extraordinary expenses |
21.491,- |
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Extraordinary result |
114.828,- |
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Pre-tax and pre-appropriation profit or loss |
2.233.730,- |
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Taxes |
244.577,- |
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Net profit or loss |
2.103.980,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.83 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.67.26 |
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%)