MIRA INFORM REPORT

 

 

Report Date :

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SOC TWISTEX

 

 

Registered Office :

35 RUE DE CLICHY 75009 PARIS 9

 

 

Country :

France

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

January 1965

 

 

Com. Reg. No.:

775669997

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale (business to business) machines for the textile and clothing

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Euro  115,000

Status :

Good

Payment Behaviour :

Usually Correct

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Company Number

77566999700030

Name

SOC TWISTEX

Telephone

01 55 31 99 99

Fax

 

Legal form

Simplified joint stock company

RCS Registration

  775669997

Share Capital

212,800

Incorporation Date

 

Address

35 RUE DE CLICHY

Postcode

75009 PARIS 9

Nationality

France

 

Company Information

 

company details

Company Name

SOC TWISTEX

Company Number

77566999700030

Activity (APE)

Wholesale (business to business) machines for the textile and clothing

Activity (APRM)

--

Currency

EURO (€)

Share capital

212,800

Registration Court

Paris (75)

Legal form

Simplified joint stock company

Court Registry Number

65 B 02908

EU VAT Number

FR82775669997

Incorporation Date

--

Formation Date

01/1965

Deregistration Date

--

Last account Date

31/12/2009

Nationality

France

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 115,000

 

DIRECTORS/MANAGEMENT

 

Directors Summary

Directorships

1

 

Directors

 

Director

Name

M KROHER MAX

Manager position

Président du conseil d'administration

Date of birth

11/04/1945

Place of birth

NICE

Type of manager

Individual

Name at birth of manager

 

 

NEGATIVE INFORMATION

 

Judgements Summary

No judgements against this company.

 

Judgements

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.

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

 

No group structure for this company.

 

FINANCIAL INFORMATION

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2009

31/12/2008

31/12/2007

Turnover

6,439,574

6,402,484

7,650,566

Networth

1,226,417

906,192

896,010

Number of Employees

3 to 5 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

6,439,574

0.6%

6,402,484

-16.3%

7,650,566

Exports

6,326,071

0.4%

6,301,174

-9.0%

6,923,199

Operating Charges

6,535,051

0.9%

6,478,918

-15.5%

7,666,492

Operating Profit

32,130

-59.7%

79,807

-16.2%

95,284

Financial Income

18,216

-11.2%

20,514

27.1%

16,145

Financial Charges

29,006

-55.3%

64,819

41.7%

45,744

Pre-Tax Profit

21,340

-39.9%

35,503

-45.9%

65,685

Extraordinary Income

20,414

308.6%

4,996

15,512.5%

32

Extraordinary Charges

591

-73.8%

2,255

419.6%

434

Net Profit

51,702

409.6%

10,146

-74.5%

39,860

 

Balance Sheet

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Assets

- Tangible assets

984

-56.0%

2,234

-56.8%

5,169

Intangible assets

27,441

0.0%

27,441

0.0%

27,440

Financial assets

30,963

11.2%

27,835

4.5%

26,639

Total fixed assets

59,388

3.3%

57,510

-2.9%

59,248

Stocks

577,976

-42.2%

1,000,515

-18.5%

1,227,099

Receivables

150,935

6.3%

141,937

-76.7%

609,030

- Trade Receivables

88,451

-7.0%

95,069

-83.0%

558,185

- Misc. Receivables

62,484

-

46,868

-

50,845

Cash

409,385

92.3%

212,904

753.0%

24,959

Misc. Current Assets

280,534

-

588,179

-

401,255

Total Current Assets

1,418,830

-27.0%

1,943,535

-14.1%

2,262,343

Liabilities

Trade Accounts Payable

107,541

-6.7%

115,205

-69.9%

382,140

Bank Loans and Liabilities

0

-100.0%

424,019

-24.7%

563,302

Sundry Loan and Liabilities

 

-

356,224

-

344,553

Advanced Payments Received

94,608

17.4%

80,591

14.3%

70,533

Tax and Social Liabilities

43,199

-14.4%

50,464

-6.7%

54,116

Miscellaneous Liabilities

1,500

-

 

-

1,232

Provisions for Risks & Charges

13,656

-25.0%

18,216

-4.6%

19,096

Other Capital Resources

0

-

0

-

0

Share Capital

212,800

33.0%

160,000

0.0%

160,000

Revaluation Reserve

0

-

0

-

0

Other Reserves

1,013,617

-

746,192

-

736,010

Total Shareholders Funds

1,226,417

35.3%

906,192

1.1%

896,010

 

Total Assets

1,491,874

-26.1%

2,019,260

-13.7%

2,340,692

Net Worth

1,198,976

-

878,751

-

868,570

 

Ratios

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Structure

Protection

82.21%

 

44.88%

 

38.28%

Net Gearing

0

 

38.64%

 

38.79%

Repayment Power

0

 

-247.37%

 

-578.56%

Capital Requirement

66.00 day

 

69.00 day

 

56.00 day

Working Capital Requirement

43.00 day

 

84.00 day

 

82.00 day

Net Cash

23.00 day

 

-12.00 day

 

-25.00 day

 

Performance

Return on Invested Capital

-159.00%

 

-118.00%

 

-12.00%

Return on Equity

4.22%

 

1.12%

 

4.45%

Gross Profit

3.79% Turnover

 

3.09% Turnover

 

3.50% Turnover

Growth v's Year Ago Qtr

37,090€

 

-1,248,082€

 

-3,088,854€

Inventory Returns

0

 

0

 

0

Receivables Days

5.00 day

 

6.00 day

 

26.00 day

Payable Days

7.00 day

 

7.00 day

 

18.00 day

 

SIG

Profit

19.46% Turnover

 

22.38% Turnover

 

26.17% Turnover

Gross Profit

3.79% Turnover

 

3.09% Turnover

 

3.50% Turnover

Wage and Salary distribution / Gross Profit

132.81% Turnover

 

122.72% Turnover

 

91.95% Turnover

Gross Operating Surplus

-1.46% Turnover

 

-1.06% Turnover

 

-0.09% Turnover

Pre-tax Income

0.33% Turnover

 

0.55% Turnover

 

0.86% Turnover

Net Profit/Loss

0.80%

 

0.16%

 

0.52%

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Establishment details

Postal Address

35 RUE DE CLICHY,
75009 PARIS 9,

Trading Address

35 RUE DE CLICHY,
75009 PARIS 9,

Telephone

01 55 31 99 99

Fax

 

Type

Head office (one site company)

Status

Economically active

Formation Date

01/1965

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

77566999700030

Company name

SOC TWISTEX

Type

Head office (one site company)

Activity (ape)

Commerce de gros (commerce interentreprises) de machines pour l'industrie textile et l'habillement

Post Code

75009

City

PARIS 9

 

Regionality

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

3 to 5 employees

Company workforce

3 to 5 employees

 

Event history

 

Status history

No status history for this company.

 

Recent Publications in Gazettes

Publication Date

Gazette Name

Description

14/09/2010

C

Comptes annuels et rapports

75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
14167 - 775669997 RCS. TWISTEX. Forme : Société par actions simplifiée. Adresse : 35 R DE CLICHY 75009 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

 

29/05/2009

C

Comptes annuels et rapports

75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
9629 - 775669997 RCS. TWISTEX. Forme : Société par actions simplifiée. Adresse : 35 rue de Clichy 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

 

10/05/2009

B

Modification et mutation diverse

75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
820 - 775 669 997 RCS Paris. TWISTEX. Forme : Société par actions simplifiée. Administration : modification du Président Kroher, Max, Directeur général délègué partant : Teissier, Jean Philippe, Administrateur partant : Teissier, Arnaud Julien Maxime, modification du Commissaire aux comptes titulaire SECREPA-FINOREX, Commissaire aux comptes suppléant partant : Carlier, Yves, nomination du Commissaire aux comptes suppléant : S.C.G.R. SOCIETE DE COMPTABILITE DE GESTION ET DE REVISION. Capital : 212800 EUR. Adresse du siège social : 35 rue de Clichy, 75009 Paris. Commentaires : modification survenue sur la dénomination, le capital (augmentation), la forme juridique, l'administration et Société ayant participé à la fusion : TEXTIL TECHNIQUE (SA) 35 rue de Clichy 75009 Paris 662 004 381 RCS PARIS.

 

22/10/2008

C

Comptes annuels et rapports

75 - PARIS
GREFFE DU TRIBUNAL DE COMMERCE DE PARIS
9544 - 775669997 RCS. TWISTEX S A. Forme : Société anonyme. Adresse : 35 rue de Clichy 75009 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

 

04/12/2007

C

Avis de dépôt des comptes

10899 - 775 669 997. RCS PARIS TWISTEX S A. Forme: Société anonyme. Adresse du siège social: 35 rue de Clichy 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

 

22/09/2006

C

Avis de dépôt des comptes

5886 - RCS Paris B 775 669 997. RC 65-B 2908. TWISTEX S A. Forme: S.A. Adresse du siège social: 35, R de Clichy,Paris, 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

24/12/2005

C

Avis de dépôt des comptes

5020 - RCS Paris B 775 669 997. RC 65-B 2908. TWISTEX S A. Forme: S.A. Adresse du siège social: 35, R de Clichy,Paris, 75009 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

09/02/2003

B

Modifications et mutations diverses

RCS Paris B 775669997 RC 65-B 2908 TWISTEX S A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration et directeur général : TEISSIER (Jean, Philippe). Modification d'un directeur général délégué et administrateur : KROHER (Max, Antoine, Alfred).

 

22/08/2001

B

Modifications et mutations diverses

RCS Paris B 775669997 RC 65-B 2908 TWISTEX S.A. Forme : S.A. Capital : 160 000 euros. Commentaires : modification survenue sur le capital (augmentation).

 

19/04/2001

B

Modifications et mutations diverses

RCS Paris B 775669997 RC 65-B 2908 TWISTEX S.A. Forme : S.A. Adresse du siège social : 35 rue de Clichy, 75009 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 35 rue de Clichy, 75009 Paris.

 

05/12/1997

B

Modifications et mutations diverses

RCS *. RCS Paris B 775 669 997 RC RC 65- B 2908 TWISTEX S.A. Forme : S.A. Administration : suppression : administrateur : Mme TEISSIER, née RIEDINGER (Anne). Nomination en qualité d'administrateur : TEISSIER ( Jean, Alexandre). Commentaires : modification survenue sur l' administration.

 

11/08/1996

B

Modifications et mutations diverses

RCS Paris B 775 669 997 RC 65-B 2908 TWISTEX S.A. Forme : S.A. Administration : président du conseil d'administration : TEISSIER (Jean-Philippe). Directeur général et administrateur : KROHER (Max, Antoine, Alfred). Administrateur : TEISSIER, née RIEDINGER (Anne). Commissaire aux comptes titulaire : SECREPA S.A. Commissaire aux comptes suppléant : FERCO. Commentaires : modification survenue sur l' administration.

 

21/01/1996

B

Modifications et mutations diverses

RCS Paris B 775 669 997 RC 65-B 2908 TWISTEX S.A. Forme : S.A. Administration : président du conseil d'administration : TEISSIER (Jean-Philippe). Directeur général et administrateur : KROHER (Max, Antoine, Alfred). Administrateurs : KROHER, née MICHAZSKA (Maddalena, Teresa) DI MARIA (Concetto). Commissaire aux comptes titulaire : SECREPA S.A. Commissaire aux comptes suppléant : FERCO. Commentaires : modification survenue sur l' administration.

 

 

COMPANY EVENTS HISTORY

 

Date

Description

14/09/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

29/05/2009

Bodacc C : Deposit accounts notice

10/05/2009

Bodacc B: Various editing or changing

22/04/2009

New legal form – no new category

22/04/2009

Planned merger

22/04/2009

Capital increase

22/04/2009

Extension of term

22/04/2009

Private document

22/04/2009

Declaration of conformity

22/04/2009

Appointment/resignation of company officers

22/04/2009

Minutes of general meeting of shareholders

22/04/2009

Minutes of Board meeting

22/04/2009

Updated articles of association

22/04/2009

New auditor

22/04/2009

Audit or Management Report

31/03/2009

Other modification of Establishment (error correction)

31/03/2009

Update of Company Legal Form

27/02/2009

Application and court order

25/02/2009

Private document

 

Establishment events history

Date

Description

20/07/2010

Update Limit

20/07/2010

Update Rating

30/12/2009

Update Rating

14/05/2009

Update Limit

14/05/2009

Update Rating

11/05/2009

Update Rating

11/05/2009

Update Limit

30/04/2009

Update Rating

17/09/2008

Update Limit

17/09/2008

Update Rating

16/12/2007

Update Limit

11/12/2007

Update Limit

09/12/2007

Update Limit

07/08/2007

Update Limit

07/08/2007

Update Rating

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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%)

 

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.