MIRA
INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LEFEBVRE TEXTILE |
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Registered Office : |
21, Rue Du Luyot Seclin, 59113 |
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Country : |
France |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
15.01.1969 |
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Com. Reg. No.: |
469502561 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRAs 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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
Lefebvre Textile
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Business
Description
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Lefebvre Textile is primarily engaged in wholesale of yarn; wholesale
of fabrics; wholesale of household linen, etc.; and wholesale of
haberdashery: needles, sewing thread, etc. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
3711 - Textile Product Wholesaling |
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NACE 2002: |
5141 - Wholesale of textiles |
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NAICS 2002: |
424310 - Piece Goods, Notions, and Other
Dry Goods Merchant Wholesalers |
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UK SIC 2003: |
5141 - Wholesale of textiles |
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US SIC 1987: |
5131 - Piece Goods, Notions, and Other Dry
Good |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7402546
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7324934
Corporate Overview
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Annual Profit & Loss
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30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
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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) |
0.740255 |
0.73971 |
0.666382 |
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Consolidated |
No |
No |
No |
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Total income |
16.0 |
10.7 |
10.2 |
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Net sales |
16.0 |
10.7 |
10.1 |
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Supplementary operating income |
0.0 |
0.0 |
0.0 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
1.8 |
1.4 |
1.3 |
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Cost of goods sold |
13.0 |
8.4 |
8.5 |
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Taxes and social security costs |
0.1 |
0.1 |
0.1 |
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Social charges |
0.2 |
0.2 |
0.2 |
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Total payroll costs |
0.6 |
0.4 |
0.4 |
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Cost of stock depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Total operating costs |
15.2 |
10.4 |
9.8 |
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Net operating income |
0.8 |
0.3 |
0.3 |
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Total financial income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.1 |
0.1 |
0.2 |
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Other expenses |
0.0 |
0.0 |
- |
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Total expenses |
0.1 |
0.1 |
0.2 |
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Profit before tax |
0.8 |
0.2 |
0.2 |
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Extraordinary income |
- |
0.0 |
0.0 |
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Extraordinary expenses |
0.3 |
0.1 |
0.1 |
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Net profit |
0.4 |
0.2 |
0.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.732493 |
0.684135 |
0.711921 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.1 |
1.2 |
1.1 |
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Total reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
0.4 |
0.2 |
0.1 |
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Total stockholders equity |
1.6 |
1.2 |
1.0 |
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Trade creditors |
3.3 |
2.7 |
2.2 |
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Bank loans and overdrafts |
0.4 |
0.5 |
0.2 |
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Current bank debts |
0.0 |
0.0 |
0.0 |
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Other loans |
0.0 |
- |
- |
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Other liabilities |
0.3 |
0.0 |
0.1 |
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Taxation and social security |
0.3 |
0.3 |
0.3 |
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Total current liabilities |
4.0 |
3.1 |
2.7 |
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Total debts |
4.4 |
3.6 |
2.7 |
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Total liabilities (including net worth) |
6.0 |
4.9 |
3.7 |
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Patents |
0.0 |
- |
- |
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Goodwill |
0.1 |
0.1 |
0.1 |
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Other intangibles |
0.0 |
0.0 |
0.0 |
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Other fixed assets |
0.1 |
0.0 |
0.0 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
0.2 |
0.2 |
0.1 |
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Prepayments |
0.0 |
- |
- |
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Net stocks and work in progress |
3.3 |
2.9 |
2.7 |
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Trade debtors |
1.6 |
1.3 |
0.4 |
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Discounted bills not yet due |
- |
0.0 |
0.1 |
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Other receivables |
0.4 |
0.3 |
0.3 |
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Prepaid expenses |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
0.4 |
0.2 |
0.2 |
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Total current assets |
5.8 |
4.7 |
3.6 |
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Total assets |
6.0 |
4.9 |
3.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
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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 |
0.732493 |
0.684135 |
0.711921 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.50 |
1.30 |
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Quick ratio |
0.60 |
0.60 |
0.30 |
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Total liabilities to net worth |
2.98% |
3.19% |
3.03% |
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Net worth to total assets |
0.25% |
0.23% |
0.24% |
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Collection period |
29.20 |
35.10 |
17.00 |
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Stock turnover rate |
4.80 |
4.00 |
3.50 |
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Asset turnover |
2.70% |
2.37% |
2.54% |
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Profit margin |
0.05% |
0.02% |
0.02% |
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Return on assets |
0.13% |
0.05% |
0.04% |
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Shareholders' return |
0.52% |
0.23% |
0.17% |
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Sales per employee |
5,538.92 |
4,315.57 |
4,027.68 |
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Profit per employee |
263.31 |
95.46 |
63.67 |
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Average wage per employee |
215.84 |
179.37 |
177.42 |
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Net worth |
1.6 |
1.2 |
1.0 |
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Number of employees |
14 |
12 |
11 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.36 |
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|
1 |
Rs.82.51 |
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Euro |
1 |
Rs.68.99 |
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.