MIRA
INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
C D INTERNATIONAL |
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Registered Office : |
203, 205 Rue La Fayette Paris, 75010 |
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Country : |
France |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.04.1992 |
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Com. Reg. No.: |
385185749 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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France |
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 name and address
C D International
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Business
Description
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C D International is primarily engaged in wholesale of adults' fur and
leather clothing; wholesale of children's and infants' clothing; wholesale of
footwear; and wholesale of clothing not elsewhere classified. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
5136 - Men's and Boy's Clothing and
Furnishings |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
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Corporate Overview
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Executives Report
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
7.4 |
9.4 |
8.4 |
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Net sales |
7.3 |
9.3 |
8.0 |
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Change in stock |
- |
- |
0.1 |
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Subsidies for operating costs |
- |
- |
0.0 |
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Supplementary operating income |
0.0 |
0.1 |
0.3 |
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Other operating income |
0.0 |
0.0 |
0.1 |
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Other external charges |
1.0 |
1.1 |
0.9 |
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Cost of goods sold |
5.3 |
7.0 |
5.8 |
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Taxes and social security costs |
0.0 |
0.0 |
0.1 |
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Social charges |
0.3 |
0.4 |
0.3 |
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Total payroll costs |
0.6 |
0.7 |
0.7 |
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Cost of stock depreciation and amortisation |
0.0 |
0.0 |
0.2 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
0.0 |
0.0 |
0.3 |
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Total operating costs |
7.3 |
9.3 |
8.3 |
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Net operating income |
0.0 |
0.0 |
0.1 |
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Total financial income |
0.0 |
0.1 |
0.1 |
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Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Other expenses |
0.1 |
0.0 |
0.0 |
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Total expenses |
0.1 |
0.0 |
0.0 |
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Profit before tax |
0.0 |
0.1 |
0.1 |
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Extraordinary income |
- |
0.0 |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary result |
- |
0.0 |
0.0 |
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Total taxation |
- |
0.0 |
0.0 |
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Net profit |
0.0 |
0.1 |
0.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.2 |
0.2 |
0.2 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Profits for the year |
0.0 |
0.1 |
0.1 |
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Profit brought forward from previous year(s) |
0.6 |
0.5 |
0.4 |
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Total stockholders equity |
0.9 |
0.8 |
0.8 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Trade creditors |
1.3 |
2.0 |
1.7 |
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Bank loans and overdrafts |
0.0 |
0.0 |
0.0 |
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Current bank debts |
0.0 |
0.0 |
0.0 |
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Other loans |
0.0 |
0.0 |
0.0 |
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Other liabilities |
0.0 |
0.1 |
0.0 |
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Debts on fixed assets |
0.0 |
0.0 |
0.0 |
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Taxation and social security |
0.2 |
0.2 |
0.2 |
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Total current liabilities |
1.6 |
2.4 |
2.0 |
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Total debts |
1.6 |
2.4 |
2.0 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
2.5 |
3.2 |
2.8 |
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Patents |
0.0 |
0.0 |
0.0 |
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Other fixed assets |
0.1 |
0.1 |
0.2 |
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Long-term investments |
0.3 |
0.3 |
0.1 |
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Other financial assets |
0.3 |
0.2 |
0.2 |
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Total non-current assets |
0.7 |
0.7 |
0.5 |
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Prepayments |
- |
0.0 |
- |
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Trade debtors |
1.3 |
1.9 |
1.8 |
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Other receivables |
0.1 |
0.1 |
0.1 |
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Prepaid expenses |
0.1 |
0.0 |
0.0 |
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Cash and liquid assets |
0.1 |
0.3 |
0.3 |
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Marketable securities |
0.3 |
0.1 |
- |
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Total current assets |
1.8 |
2.5 |
2.2 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
2.5 |
3.2 |
2.8 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.10 |
1.10 |
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Quick ratio |
1.10 |
1.10 |
1.10 |
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Total liabilities to net worth |
1.91% |
3.14% |
2.67% |
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Net worth to total assets |
0.34% |
0.24% |
0.27% |
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Collection period |
50.10 |
65.10 |
64.80 |
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Asset turnover |
3.06% |
2.73% |
3.04% |
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Profit margin |
0.00% |
0.01% |
0.01% |
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Return on assets |
0.01% |
0.02% |
0.04% |
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Shareholders' return |
0.03% |
0.10% |
0.14% |
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Sales per employee |
- |
4,155.18 |
3,824.34 |
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Profit per employee |
- |
33.94 |
46.17 |
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Average wage per employee |
- |
309.37 |
324.87 |
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Net worth |
0.9 |
0.8 |
0.8 |
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Number of employees |
- |
10 |
10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.52.67 |
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|
1 |
Rs.82.53 |
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Euro |
1 |
Rs.69.13 |
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 |
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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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.