MIRA INFORM REPORT

 

 

Report Date :

27.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

CONSORTIUM EUROPE ECHANG COMMERC INTER

 

 

Registered Office :

12 AV Sommer, 012-014 Z.A.I., 92160 Antony

 

 

Country :

France

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

January, 1973

 

 

Com. Reg. No.:

30009044600034

 

 

Legal Form :

Plc with Management Board.

 

 

Line of Business :

Wholesale of Fruit and Vegetables

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

€ 180000

Status :

Very Good

Payment Behaviour :

Regular

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company Summary

 

Company Details

Company Number

30009044600034

Name

CONSORTIUM EUROPE ECHANG COMMERC INTER

Telephone

01 42 37 60 60

Fax

01 42 37 01 89

Legal form

Plc with management board

RCS Registration

300090446

Share Capital

612,850

Incorporation Date

 

Address

12 AV SOMMER, 012-014 Z.A.I.

Postcode

92160 ANTONY

Nationality

France

 

Credit Information Summary

Credit Limit (€)

180,000

 

Judgments Summary

No judgments against this company.

 

Directors Summary

Directorships

2

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2009

31/12/2008

31/12/2007

Turnover

6,771,160

6,497,494

6,435,670

Networth

1,600,653

1,439,381

1,378,956

Number of Employees

6 to 9 employees

-

-

Company Information

company details

Company Name

CONSORTIUM EUROPE ECHANG COMMERC INTER

Company Number

30009044600034

Activity (APE)

 

Activity (APRM)

 

Currency

EURO (€)

Share capital

612,850

Registration Court

Nanterre (92)

Legal form

Plc with management board

Court Registry Number

91 B 00704

EU VAT Number

 

Incorporation Date

 

Formation Date

01/1973

Deregistration Date

 

Last account Date

31/12/2009

Nationality

France

 

Establishment details

Postal Address

12 AV SOMMER,012-014 Z.A.I.
92160 ANTONY,

Trading Address

12 AV SOMMER,012-014 Z.A.I.
92160 ANTONY,

Telephone

01 42 37 60 60

Fax

01 42 37 01 89

Type

Head office (one site company)

Status

Economically active

Formation Date

01/1973

Reason for formation

Other

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

-

Activity Location

Other

Location Service

 

Seasonality

 

 

Other establishments

Branches

1 branch entities in this company

Company number

30009044600034

Company name

CONSORTIUM EUROPE ECHANG COMMERC INTER

Type

Head office (one site company)

Activity (ape)

Commerce de gros (commerce interentreprises) de fruits et légumes

(Wholesale (business to business) of fruit and vegetables)

Post Code

92160

City

ANTONY

 

Regionalist

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

 

Workforces

Workforce at address

6 to 9 employees

Company workforce

6 to 9 employees

 

 

Accounts & Ratios

 

Profit & Loss

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Account period (month)

12

-

12

-

12

Account Type

Normal Account

-

Normal Account

-

Normal Account

Currency

Euro

-

Euro

-

Euro

Turnover

6,771,160

4.2%

6,497,494

1.0%

6,435,670

Exports

786,250

-12.2%

895,123

1.7%

879,939

Operating Charges

6,510,471

1.8%

6,393,610

1.9%

6,275,318

Operating Profit

266,667

87.3%

142,406

-42.6%

248,093

Financial Income

33,461

-20.1%

41,900

-20.2%

52,489

Financial Charges

10,155

28.1%

7,929

1.3%

7,830

Pre-Tax Profit

289,973

64.4%

176,377

-39.8%

292,753

Extraordinary Income

33,116

-13.2%

38,171

71.7%

22,233

Extraordinary Charges

86,734

-20.2%

108,684

-24.9%

144,702

Net Profit

164,403

111.2%

77,833

-36.1%

121,780

 

Balance Sheet

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Assets

- Tangible assets

1,138

-34.3%

1,732

-36.8%

2,740

Intangible assets

0

-

0

-

0

Financial assets

19,250

0.0%

19,250

-32.1%

28,335

Total fixed assets

20,388

-2.8%

20,982

-32.5%

31,074

Stocks

926,561

-5.7%

983,008

-11.8%

1,114,469

Receivables

713,198

-7.2%

768,240

1.1%

759,614

- Trade Receivables

676,280

-7.8%

733,538

2.6%

714,911

- Misc. Receivables

36,918

-

34,702

-

44,703

Cash

1,112,856

45.1%

767,101

1.1%

758,973

Misc. Current Assets

 

-

 

-

 

Total Current Assets

2,752,615

9.3%

2,518,349

-4.4%

2,633,056

Liabilities

Trade Accounts Payable

843,439

6.9%

788,891

-11.1%

887,199

Bank Loans and Liabilities

0

-100.0%

120

-15.5%

142

Sundry Loan and Liabilities

 

-

 

-

 

Advanced Payments Received

0

-

0

-

0

Tax and Social Liabilities

200,043

8.7%

184,078

-20.8%

232,525

Miscellaneous Liabilities

103,167

-

126,861

-

153,594

Provisions for Risks & Charges

25,700

-

0

-100.0%

11,715

Other Capital Resources

0

-

0

-

0

Share Capital

612,850

0.0%

612,850

0.0%

612,850

Revaluation Reserve

0

-

0

-

0

Other Reserves

987,803

-

826,531

-

766,106

Total Shareholders Funds

1,600,653

11.2%

1,439,381

4.4%

1,378,956

 

Total Assets

2,773,002

9.2%

2,539,330

-4.7%

2,664,131

Net Worth

1,600,653

-

1,439,381

-

1,378,956

 

Ratios

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Structure

Protection

57.72%

 

56.68%

 

51.76%

Net Gearing

0

 

0

 

0.01%

Repayment Power

0

 

0

 

0

Capital Requirement

85.00 day

 

79.00 day

 

76.00 day

Working Capital Requirement

26.00 day

 

36.00 day

 

34.00 day

Net Cash

59.00 day

 

42.00 day

 

42.00 day

 

Performance

Return on Invested Capital

1,583.00%

 

544.00%

 

671.00%

Return on Equity

10.27%

 

5.41%

 

8.83%

Gross Profit

12.60% Turnover

 

9.14% Turnover

 

10.85% Turnover

Growth v's Year Ago Qtr

273,666€

 

61,824€

 

12,254€

Inventory Returns

0

 

0

 

0

Receivables Days

36.00 day

 

41.00 day

 

40.00 day

Payable Days

52.00 day

 

49.00 day

 

53.00 day

 

SIG

Profit

16.84% Turnover

 

14.17% Turnover

 

16.14% Turnover

Gross Profit

12.60% Turnover

 

9.14% Turnover

 

10.85% Turnover

Wage and Salary distribution / Gross Profit

57.61% Turnover

 

75.04% Turnover

 

64.73% Turnover

Gross Operating Surplus

4.77% Turnover

 

1.76% Turnover

 

3.26% Turnover

Pre-tax Income

4.28% Turnover

 

2.71% Turnover

 

4.55% Turnover

Net Profit/Loss

2.43%

 

1.20%

 

1.89%

 

 

Judgments

 

Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

 

Preferentials Rights

No social security and tax office preferential right to 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

06/12/2010

C

Comptes annuels et rapports

92 - HAUTS-DE-SEINE
GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE
10960 - 300090446 RCS. CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX - CODIPEX. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 12-14 avenue François Sommer 92160 Antony. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

 

27/12/2007

C

Avis de dépôt des comptes

9584 - 300 090 446. RCS Nanterre CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX - CODIPEX. Sigle: CODIPEX Forme: Société anonyme à directoire et conseil de surveillance. Adresse du siège social: 12-14 avenue François Sommer 92160 Antony. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

 

29/09/2006

C

Avis de dépôt des comptes

4882 - RCS Nanterre B 300 090 446. RC 91-B 704. CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX CODI PEX. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 12-14, avenue François Sommer,92160 Antony. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

15/03/2006

B

Modifications et mutations diverses

1233 - RCS Nanterre B 300 090 446. RC 91-B 704. CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX-CODIPEX. Sigle : CODIPEX. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : COHEN (David). Commissaire aux comptes suppléant partant : BERNERON (Frédéric). Nomination d'un commissaire aux comptes suppléant : NAIM (Laurent). Nomination d'un commissaire aux comptes titulaire : FRANCE AUDIT COMPTABLE.

 

16/02/2006

C

Avis de dépôt des comptes

2504 - RCS Nanterre B 300 090 446. RC 91-B 704. CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX CODI PEX. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 12-14, avenue François Sommer,92160 Antony. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

08/02/2001

B

Modifications et mutations diverses

RCS Nanterre B 300090446 RC 91-B 704 CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX-CODIPEX. Sigle : CODIPEX. Forme : S.A. à directoire et conseil de surveillance. Commentaires : modification survenue sur l' administration. Administration : modification du vice-président et membre du conseil de surveillance : ABISSEROR (Arie, Myriam, Marie) ( Nom d' usage : BITOUN). Modification d'un membre du conseil de surveillance : ABISSEROR (Gérald).

 

13/01/2000

B

Modifications et mutations diverses

*. RCS Nanterre B 300 090 446 RC 91-B 704 CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX - CODIPEX. Sigle : CODIPEX. Forme : S.A. à directoire et conseil de surveillance. Capital : 612 850 euros. Commentaires : modification survenue sur le capital (augmentation).

 

26/08/1997

B

Modifications et mutations diverses

RCS *. RCS Nanterre B 300 090 446 RC RC 91-B 704 CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX - CODIPEX. Sigle : CODIPEX. Forme : S.A. à directoire et conseil de surveillance. Administration : nomination en qualité de président et membre du directoire : ABISSEROR (Frédérik). Modification : président du conseil de surveillance : ABISSEROR (Yvon, Maklouf) Nomination en qualité de vice-président et membre du conseil de surveillance : ABISSEROR ( Gérald). Modification : membre du conseil de surveillance : ABISSEROR ( nom d'usage : BITOUN (Arie, Myriam, Marie)). Modification : administrateur : ABISSEROR ( nom d'usage : SHIMONY ( Marjorie, Anne)). Modification : commissaire aux comptes titulaire : COHEN (Joseph). Modification : commissaire aux comptes suppléant : LAMANTOWICZ (Albert). Commentaires : modification survenue sur la forme juridique et l'administration.

 

22/09/1996

B

Modifications et mutations diverses

RCS Nanterre B 300 090 446 RC 91-B 704 CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX-CODIPEX. Sigle : CODIPEX. Forme : S.A. Capital : 3 697 500 F. Commentaires : modification survenue sur le capital.

 

06/02/1996

B

Modifications et mutations diverses

RCS Nanterre B 300 090 446 RC 91-B 704 CONSORTIUM EUROPEEN D'ECHANGES COMMERCIAUX INTERNATIONAUX-CODIPEX. Sigle : CODIPEX. Forme : S.A. Capital : 3 230 000 F. Commentaires : modification survenue sur le capital.

 

 

Company events history

Date

Description

06/12/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

31/12/2008

New accounts available

02/01/2008

Modification of Company Activity

02/01/2008

Update of Company Activity

31/12/2007

New accounts available

31/12/2006

New accounts available

03/02/2006

Appointment/resignation of company officers

03/02/2006

Minutes of general meeting of shareholders

03/02/2006

Private document

03/02/2006

Private document

03/02/2006

Minutes of general meeting of shareholders

03/02/2006

Appointment/resignation of company officers

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

05/03/2003

Expédition acte notarié

05/03/2003

Donation/Partage

24/01/2001

Nomination/démission des organes de gestion

24/01/2001

Acte sous seing privé

 

Establishment events history

Date

Description

25/11/2010

Update Limit

25/11/2010

Update Rating

26/09/2010

Update Rating

02/02/2010

Update Limit

02/02/2010

Update Rating

29/12/2009

Update Rating

05/09/2009

Update Rating

20/10/2008

Update Rating

20/10/2008

Update Limit

27/09/2008

Update Rating

19/12/2007

Update Limit

19/12/2007

Update Rating

16/12/2007

Update Limit

10/12/2007

Update Limit

08/12/2007

Update Limit

11/04/2007

Update Limit

11/04/2007

Update Rating

25/01/2007

Update Limit

 

 

Directors

 

Director

Name

M ABISSEROR YVON

Manager position

Président du conseil de surveillance

Date of birth

13/01/1933

Place of birth

 

Type of manager

Individual

Name at birth of manager

 

Director

Name

M ABISSEROR FREDERIK

Manager position

Président du directoire

Date of birth

01/01/1964

Place of birth

PARIS 12

Type of manager

Individual

Name at birth of manager

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.53

UK Pound

1

Rs.72.79

Euro

1

Rs.62.14

 

 

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 Company

----

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.