MIRA INFORM REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Name : |
COUNTRY AND CITY LINE |
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Registered Office : |
29 Rue De La Maison Rouge 77185 Lognes |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
February 1990 |
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Com. Reg. No.: |
35339839900058 |
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Legal Form : |
Simplified Joint Stock Company with Single Associate |
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Line of Business : |
Wholesale (business to
business) clothing and footwear |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
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Company Details |
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Company Number |
35339839900058 |
|
Name |
COUNTRY AND CITY LINE |
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Telephone |
01 60 05 05 55 |
|
Fax |
01 60 33 09 69 |
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Legal form |
Simplified Joint Stock Company with Single Associate |
|
RCS Registration |
353398399 |
|
Share Capital |
1,540,000 |
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Incorporation Date |
02/1990 |
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Address |
29 RUE DE LA MAISON ROUGE |
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Postcode |
77185 LOGNES |
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Nationality |
|
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Judgements Summary |
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Last Published Judgements |
19/04/2011 |
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Directors Summary |
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Directorships |
1 |
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Accounts Summary (last 3 years) |
|||
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Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
17,084,077 |
17,869,395 |
17,887,623 |
|
Networth |
2,941,729 |
4,497,013 |
5,496,763 |
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Number of Employees |
100 to 199 employees |
- |
- |
Company Information
|
company details |
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Company Name |
COUNTRY AND CITY LINE |
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Company Number |
35339839900058 |
|
Activity (APE) |
Wholesale (business to
business) clothing and footwear |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
1,540,000 |
|
Registration Court |
Meaux (77) |
|
Legal form |
Simplified Joint Stock Company with Single Associate |
|
Court Registry Number |
20 0 2B008 |
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EU VAT Number |
FR50353398399 |
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Incorporation Date |
02/1990 |
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Formation Date |
01/1990 |
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Deregistration Date |
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Last account Date |
31/12/2009 |
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Nationality |
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Establishment details |
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Postal Address |
29 RUE DE LA MAISON ROUGE, |
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Trading Address |
29 RUE DE LA MAISON ROUGE, |
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Telephone |
01 60 05 05 55 |
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Fax |
01 60 33 09 69 |
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Type |
Head office |
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Status |
Economically active |
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Formation Date |
01/1990 |
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Reason for formation |
Formation |
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Closure Date |
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Reason for closure |
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Reactivation Date |
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Production Role |
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Activity Nature |
- |
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Activity Location |
Other |
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Location Service |
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Seasonality |
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Other establishments |
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Branches |
24 branch entities in this company |
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Regionality |
Legal unit with multiple establishments in many areas having at least
80% of workforce in same area |
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Mono-activity status |
Legal unit with multiple establishments having main activities in many
divisions, which one activity grouping from 50 to 80% of workforce |
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Workforces |
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Workforce at address |
50 to 99 employees |
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Company workforce |
100 to 199 employees |
Accounts & Ratios
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Profit & Loss |
|||||
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Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
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Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
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Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
17,084,077 |
-4.4% |
17,869,395 |
-0.1% |
17,887,623 |
|
Exports |
1,061,959 |
-18.4% |
1,302,066 |
0.5% |
1,295,302 |
|
Operating Charges |
17,245,722 |
6.0% |
16,267,615 |
4.9% |
15,510,033 |
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Operating Profit |
436,604 |
-81.8% |
2,395,592 |
-16.9% |
2,882,672 |
|
Financial Income |
15,091 |
-76.0% |
62,825 |
226.5% |
19,244 |
|
Financial Charges |
234,076 |
1.0% |
231,700 |
18.5% |
195,545 |
|
Pre-Tax Profit |
217,619 |
-90.2% |
2,226,717 |
-17.7% |
2,706,372 |
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Extraordinary Income |
6,928 |
-98.0% |
339,633 |
215.3% |
107,724 |
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Extraordinary Charges |
15,801 |
-92.1% |
201,114 |
-44.1% |
359,776 |
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Net Profit |
244,717 |
-83.7% |
1,500,249 |
13.6% |
1,321,087 |
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Balance Sheet |
|||||
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Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
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Assets |
|||||
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- Tangible assets |
2,668,204 |
120.0% |
1,212,818 |
16.7% |
1,039,031 |
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Intangible assets |
4,642,463 |
90.5% |
2,436,386 |
41.5% |
1,721,405 |
|
Financial assets |
612,304 |
170.8% |
226,139 |
16.6% |
193,967 |
|
Total fixed assets |
7,895,770 |
103.7% |
3,875,343 |
31.2% |
2,954,403 |
|
Stocks |
4,031,145 |
10.6% |
3,643,257 |
46.0% |
2,495,506 |
|
Receivables |
2,963,452 |
8.4% |
2,734,790 |
56.8% |
1,744,066 |
|
- Trade Receivables |
1,897,096 |
-6.1% |
2,020,325 |
38.4% |
1,459,460 |
|
- Misc. Receivables |
1,066,356 |
- |
714,465 |
- |
284,606 |
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Cash |
201,756 |
-79.7% |
994,416 |
-28.7% |
1,395,056 |
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Misc. Current Assets |
|
- |
|
- |
1 |
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Total Current Assets |
7,196,353 |
-2.4% |
7,372,463 |
30.8% |
5,634,629 |
|
Liabilities |
|||||
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Trade Accounts Payable |
0 |
-100.0% |
2,667,517 |
128.8% |
1,165,904 |
|
Bank Loans and Liabilities |
4,324,870 |
434.7% |
808,780 |
37,413.0% |
2,156 |
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Sundry Loan and Liabilities |
3,686,590 |
- |
|
- |
|
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Advanced Payments Received |
0 |
- |
0 |
- |
0 |
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Tax and Social Liabilities |
1,146,962 |
-3.2% |
1,185,303 |
11.7% |
1,061,493 |
|
Miscellaneous Liabilities |
2,412,615 |
- |
1,645,240 |
- |
488,966 |
|
Provisions for Risks & Charges |
577,928 |
30.2% |
443,889 |
18.8% |
373,749 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
1,540,000 |
0.0% |
1,540,000 |
0.0% |
1,540,000 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
1,401,729 |
- |
2,957,013 |
- |
3,956,763 |
|
Total Shareholders Funds |
2,941,729 |
-34.6% |
4,497,013 |
-18.2% |
5,496,763 |
|
|
|||||
|
Total Assets |
15,092,123 |
34.2% |
11,247,805 |
31.0% |
8,589,032 |
|
Net Worth |
-1,700,734 |
- |
2,060,627 |
- |
3,775,358 |
|
Ratios |
|||||
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Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
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Structure |
|||||
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Protection |
17.25% |
|
39.67% |
|
58.81% |
|
Net Gearing |
54.56% |
|
7.23% |
|
8.13% |
|
Repayment Power |
971.40% |
|
55.35% |
|
0 |
|
Capital Requirement |
49.00 day |
|
34.00 day |
|
59.00 day |
|
Working Capital Requirement |
72.00 day |
|
18.00 day |
|
46.00 day |
|
Net Cash |
-24.00 day |
|
17.00 day |
|
13.00 day |
|
|
|||||
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Performance |
|||||
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Return on Invested Capital |
14.00% |
|
62.00% |
|
113.00% |
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Return on Equity |
8.32% |
|
33.36% |
|
24.03% |
|
Gross Profit |
32.30% Turnover |
|
33.89% Turnover |
|
40.88% Turnover |
|
Growth v's Year Ago Qtr |
-785,318€ |
|
-18,228€ |
|
1,291,564€ |
|
Inventory Returns |
0 |
|
0 |
|
0 |
|
Receivables Days |
41.00 day |
|
41.00 day |
|
14.00 day |
|
Payable Days |
0 |
|
76.00 day |
|
37.00 day |
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|
|||||
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SIG |
|||||
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Profit |
99.60% Turnover |
|
99.14% Turnover |
|
94.77% Turnover |
|
Gross Profit |
32.30% Turnover |
|
33.89% Turnover |
|
40.88% Turnover |
|
Wage and Salary distribution / Gross Profit |
72.30% Turnover |
|
53.64% Turnover |
|
48.34% Turnover |
|
Gross Operating Surplus |
6.32% Turnover |
|
13.45% Turnover |
|
18.58% Turnover |
|
Pre-tax Income |
1.27% Turnover |
|
12.46% Turnover |
|
15.13% Turnover |
|
Net Profit/Loss |
1.43% |
|
8.40% |
|
7.39% |
Judgements
Collective Procedures
|
Courts |
|
|
Effective Date |
12/04/2011 |
|
Type of Judgement |
Receivership |
|
Court |
|
|
Details |
Judgement of the Commercial Court of Meaux,
delivers dated 04/04/2011,
the opening of insolvency proceedings,
the date of cessation of payments means the
Administrator 21/03/2011 PHILIPPE CONTANT ETS
in the person
of Mr. Contant,
8 Rue des Cordeliers
- 77100 MEAUX -
with a mission: assistance, legal representative and PHILIPPE GARNIER STE
SOPHIE Guillouet in the person of Mr. Guillouet, 55
rue Aristide Briand - 77100 MEAUX -
The statements are
to file claims in
court nominee within two months from
the date of
publication in BODACC |
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|
|
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Effective Date |
11/04/2011 |
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Type of Judgement |
Receivership |
|
Court |
|
|
Details |
Jugement du tribunal de commerce de MEAUX en date du 4 avril 2011
d'ouverture d'une procédure de Receivership - Administrateur judiciaire : sté
Philippe CONTANT en la personne de Me CONTANT 8 rue des Cordeliers 77100
MEAUX avec mission d'assistance - Mandataire judiciaire : Sté GARNIER
Philippe et GUILLOUET Sophie en la personne de Me GUILLOUET 55 rue Aristide
BRIAND 77100 MEAUX - Date de cessation des paiements : 21 mars 2011 |
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|
|
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Effective Date |
04/04/2011 |
|
Type of Judgement |
Receivership |
|
Court |
MEAUX |
|
Details |
JUGEMENT DU TRIBUNAL DE COMMERCE DE MEAUX DU 04/04/2011 OUVRANT UNE
PROCEDURE DE RECEIVERSHIP ET FIXANT LA FIN DE LA PERIODE D'OBSERVATION AU
04/10/2011. CESSATION DES PAIEMENTS EN DATE DU 21/03/2011. MANDATAIRE DE
JUSTICE : STE GARNIER PHILIPPE ET GUILLOUET SOPHIE EN LA PERSONNE DE MAITRE
GUILLOUET 55 RUE ARISTIDE BRIAND 77100 MEAUX ADMINISTRATEUR : STE PHILIPPE
CONTANT EN LA PERSONNE DE MAITRE CONTANT 8 RUE DES CORDELIERS 77100 MEAUX
DONT LA MISSION EST, OUTRE LES POUVOIRS QUI LUI SONT CONFERES PAR LA LOI,
D'ASSISTER LE DEBITEUR DANS TOUS SES ACTES DE GESTION. NUMERO DE PROCEDURE
COLLECTIVE : 2011T00167 |
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|
Rncs |
|
|
Effective Date |
04/04/2011 |
|
Type of Judgement |
Receivership |
|
Court |
|
|
Details |
|
|
|
|
|
Bodacc |
|
|
Effective Date |
19/04/2011 |
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Type of Judgement |
Receivership |
|
Court |
Meaux |
|
Details |
Jugement d'ouverture Jugement d'ouverture d'une procédure de
Receivership Jugement prononçant l'ouverture d'une procédure de Receivership,
date de cessation des paiements le 21 mars 2011 désignant administrateur Sté
Philippe CONTANT en la personne de maître Contant, 8 rue des Cordeliers,
77100 Meaux, avec les pouvoirs : assister le débiteur dans tous ses actes de
gestion, mandataire judiciaire Sté Garnier Philippe et Guillouët Sophie en la
personne de maître Guillouët, 55 rue Aristide Briand, 77100 Meaux. Les
déclarations des créances sont à déposer au mandataire judiciaire dans les
deux mois à compter de la présente publication. |
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|
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|
Preferentials Rights |
|
|
CCJ Type |
Privilège(s) trésor |
|
Effective Date |
11/04/2011 |
|
Amount |
1,830 |
|
Creditor |
COMPTABLE DU TRESOR DE CASTANETTOLOSAN |
|
Radiation Amount |
|
|
Partial Radiation Date |
|
|
Radition Date |
|
|
CCJ Type |
Privilège(s) sécurité sociale, régimes complémentaires |
|
Effective Date |
11/04/2011 |
|
Amount |
292,754 |
|
Creditor |
URSSAF DE SEINE ET |
|
Radiation Amount |
|
|
Partial Radiation Date |
|
|
Radition Date |
|
Group Structure
|
No group structure for this company. |
Event history
|
Status history |
|
No status history for this company. |
|
Recent Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
19/04/2011 |
A_PCL |
Jugement d'ouverture |
|
77 - SEINE-ET-MARNE |
||
|
|
||
|
18/11/2010 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
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|
||
|
09/07/2010 |
C |
Comptes annuels et rapports |
|
77 - SEINE-ET- |
||
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|
||
|
18/10/2009 |
A_REG |
Vente et cession |
|
42 - LOIRE |
||
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|
||
|
28/08/2009 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
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|
||
|
21/08/2009 |
C |
Comptes annuels et rapports |
|
77 - SEINE-ET- |
||
|
|
||
|
10/05/2009 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
|
|
||
|
29/09/2008 |
C |
Comptes annuels et rapports |
|
77 - SEINE-ET- |
||
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|
||
|
05/09/2008 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
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||
|
05/09/2008 |
B |
Modification et mutation diverse |
|
77 -
SEINE-ET-MARNE |
||
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||
|
08/08/2008 |
A_REG |
Vente et cession |
|
14 - CALVADOS |
||
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||
|
08/08/2008 |
A_REG |
Vente et cession |
|
14 - CALVADOS |
||
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||
|
09/12/2007 |
C |
Avis de dépôt des comptes |
|
9140 - 353 398
399. RCS Meaux COUNTRY AND CITY LINE. Sigle: CACL Forme: Société Anonyme à
conseil d'administration. Adresse du siège social: 29 rue de la Maison Rouge 77185
Lognes. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006. |
||
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||
|
05/04/2007 |
A_REG |
Vente et cession |
|
0817 - RCS |
||
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||
|
17/11/2006 |
C |
Avis de dépôt des comptes |
|
6979 - RCS Meaux
B 353 398 399. RC 02-B 876. COUNTRY AND CITY LINE. Sigle: CACL Forme: S.A. à
conseil d'administration . Adresse du siège social: 29, rue de la Maison
Rouge,Lognes, 77200 Torcy. Comptes annuels et rapports de l'exercice clos le:
31 décembre 2005. |
||
|
|
||
|
14/01/2006 |
C |
Avis de dépôt des comptes |
|
3957 - RCS Meaux
B 353 398 399. RC 02-B 876. COUNTRY AND CITY LINE. Sigle: CACL Forme: S.A. à
conseil d'administration . Adresse du siège social: 29, rue de la Maison Rouge,Lognes,
77200 Torcy. Comptes annuels et rapports de l'exercice clos le: 31 décembre
2004. |
||
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|
||
|
28/12/2004 |
A_REG |
Création d'établissement |
|
RCS B 353398399
RC 04-B 471 COUNTRY AND CITY LINE. Forme : S.A. à conseil d' administration. Adresse
du siège social : 29 rue de la Maison-Rouge, 77200 Lognes ETABLISSEMENT
SECONDAIRE. Activité : vente de vetements sportswear pour hommes et
d'accessoires. Adresse : 3 rue Grande, 77300 |
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|
||
|
08/12/2004 |
A_REG |
Création d'établissement |
|
RCS Montereau B
353398399 COUNTRY AND CITY LINE CACL. Sigle : CACL. Forme : S.A. Capital : 1 540
000 euros. Adresse du siège social : 29 rue de la Maison-Rouge, Lognes 77200
Torcy Etablissement principal: Enseigne : British House. Activité :
chaussures, pret-à-porter pour hommes et femmes, accessoires s'y rapportant.
Adresse : 3 rue Grande, 77300 |
||
|
|
||
|
04/05/2003 |
B |
Modifications et mutations diverses |
|
Ancienne
situation du siège social. RCS B 353398399 RC 02-B 876 COUNTRY AND CITY LINE.
Sigle : CACL. Forme : S.A. à conseil d'administration. Capital : 1 540 000
euros. Adresse : 26 rue |
||
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|
||
|
16/03/2003 |
B |
Modifications et mutations diverses |
|
RCS Bobigny B
353398399 RC 90-B 419 COUNTRY AND CITY LINE. Sigle : CACL. Forme : S.A. Commentaires
: modification survenue sur l'administration. Administration : modification
du président du conseil d' administration, directeur général et
administrateur : ZEITOUN (Salomon, Frank). |
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Company
events history
|
|
|
Date |
Description |
|
19/04/2011 |
New collective procedure |
|
15/04/2011 |
New collective procedure |
|
14/04/2011 |
New collective procedure |
|
12/04/2011 |
New collective procedure |
|
11/04/2011 |
New collective procedure |
|
11/04/2011 |
New Filling of Tax Office preferential right |
|
11/04/2011 |
New Filling of Social Security preferential right |
|
04/04/2011 |
New collective procedure |
|
04/04/2011 |
New collective procedure |
|
19/01/2011 |
New Filling of Social Security preferential right |
|
18/11/2010 |
Bodacc B: Various editing or changing |
|
04/11/2010 |
Amendment |
|
04/11/2010 |
New chairman (CEO, CoB) |
|
08/10/2010 |
Other modification of Establishment (error correction) |
|
08/10/2010 |
Update of Company Legal Form |
|
09/07/2010 |
Bodacc C : Deposit accounts notice |
|
31/12/2009 |
New accounts available |
|
18/10/2009 |
Bodacc A : |
|
02/10/2009 |
Legal Gazette: Activity or goodwill cession |
|
31/08/2009 |
Formation of Establishment |
Establishment
events history
|
|
|
Date |
Description |
|
05/04/2011 |
Update Limit |
|
05/04/2011 |
Update Rating |
|
20/01/2011 |
Update Limit |
|
20/01/2011 |
Update Rating |
|
28/06/2010 |
Update Rating |
|
14/06/2010 |
Update Limit |
|
05/08/2009 |
Update Limit |
|
22/09/2008 |
Update Limit |
|
22/09/2008 |
Update Rating |
|
16/09/2008 |
Update Rating |
|
08/09/2008 |
Update Rating |
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15/04/2008 |
Update Rating |
|
13/01/2008 |
Update Limit |
|
16/12/2007 |
Update Limit |
Directors
|
Director |
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|
Name |
GF PARTICIPATIONS |
Manager position |
Président |
|
Date of birth |
|
Place of birth |
|
|
Type of manager |
Moral person |
Name at birth of manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.72.08 |
|
Euro |
1 |
Rs.63.66 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.