MIRA INFORM REPORT

 

 

Report Date :           

28.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SYNALIA

 

 

Registered Office :

42, Rue D Enghien, Paris, 75010

 

 

Country :

France

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

15.08.1992

 

 

Com. Reg. No.:

582084224

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Providing Financial Services

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

Synalia

 

42, Rue D Enghien

Paris, 75010

France

 

Tel:       +33 01 55 33 23 00

Fax:      +33 01 55 33 23 23

 

 

Synthesis

 

Employees:                   74

Company Type:            Private Independent

Incorporation Date:         15-Aug-1992    

Financials in:                 Usd (Millions)

 

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:               32.2

Total Assets:                54.9

 

 

Business Description     

 

Synalia is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.

 

Industry 

Industry Miscellaneous Financial Services

ANZSIC 2006:    6240 - Financial Asset Investing

NACE 2002:      6523 - Other financial intermediation not elsewhere classified

NAICS 2002:     5259 - Other Investment Pools and Funds

UK SIC 2003:    6523 - Other financial intermediation not elsewhere classified

US SIC 1987:    6794 - Patent Owners and Lessors

 

           


Key Executives   

 

Name

Title

Sandrine Maisano

Commercial director, Marketing director

Delphine Mahon

Accounts manager

Virginie Conty

General manager, Member of the Board

Alex Perlie Long

Director

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855

 

 

Corporate Overview

 

Location

42, Rue D Enghien

Paris, 75010

France

Tel:       +33 01 55 33 23 00

Fax:      +33 01 55 33 23 23

 

Sales EUR(mil):             23.2

Assets EUR(mil):           38.2

Employees:                   74

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Financial Services

           

Incorporation Date:         15-Aug-1992

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(FRA):     582084224

General manager,

Member of the Board:     Virginie Conty

 

 

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

·         Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

6240     -          Financial Asset Investing

 

NACE 2002 Codes:

6523     -          Other financial intermediation not elsewhere classified

 

NAICS 2002 Codes:

5259     -          Other Investment Pools and Funds

 

US SIC 1987:

6794     -          Patent Owners and Lessors

 

UK SIC 2003:

6523     -          Other financial intermediation not elsewhere classified

 

Business Description

Synalia is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

23.2

Assets:

38.2

Current Assets:

33.7

 

Total Liabilities:

38.2

 

Issued Capital:

0.9

 

Net Worth:

12.1

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

12.8%

NA

 

 

Subsidiaries

Company

Percentage Owned

Country

Syninvest

 

France

 

 

 

 

 

 

Key Corporate Relationships

Bank:

Bred Banque Populaire, Banque Francaise Du Credit Cooperatif, Hsbc

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Virginie Conty

 

General manager, Member of the Board

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Virginie Conty

 

General manager, Member of the Board

Administration Executive

 

Alex Perlie Long

 

Director

Administration Executive

 

Delphine Mahon

 

Accounts manager

Sales Executive

 

Sandrine Maisano

 

Commercial director, Marketing director

Marketing Executive

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Total income

33.8

33.8

32.0

Net sales

32.2

32.3

30.2

Subsidies for operating costs

0.0

0.0

-

Supplementary operating income

1.3

1.3

1.6

Other operating income

0.3

0.1

0.2

Other external charges

10.3

11.4

8.0

Cost of goods sold

14.9

15.1

16.0

Taxes and social security costs

0.4

0.4

0.4

Social charges

1.5

1.5

1.3

Total payroll costs

3.3

3.1

2.8

Cost of stock depreciation and amortisation

2.0

1.4

1.3

Fixed asset depreciation and amortisation

0.3

0.4

0.3

Other operating costs

0.0

0.0

0.0

Total operating costs

32.4

33.1

29.9

Net operating income

1.4

0.7

2.0

Total financial income

2.3

2.8

2.5

Interest payable on loans

0.2

0.5

0.4

Other expenses

0.4

0.1

0.1

Total expenses

0.6

0.6

0.5

Profit before tax

3.1

2.9

4.0

Extraordinary income

0.3

1.5

0.9

Extraordinary expenses

0.6

1.2

1.3

Extraordinary result

-

0.3

-

Total taxation

0.3

-

0.8

Net profit

2.5

3.2

2.8

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Issued capital

1.3

1.2

1.3

Share premium account

1.0

1.0

1.0

Surplus of revaluation

2.4

1.0

1.0

Legal reserves

0.0

0.0

0.0

Other reserves

1.4

-

-

Total reserves

6.3

5.0

4.6

Profits for the year

2.5

3.1

3.0

Profit brought forward from previous year(s)

2.4

2.3

2.3

Total stockholders equity

17.4

13.6

13.2

Provisions and allowances

0.4

0.3

1.1

Trade creditors

29.3

29.6

33.6

Advances received

0.0

0.1

0.1

Bank loans and overdrafts

0.2

0.5

0.9

Other loans

2.3

2.4

2.1

Other liabilities

2.5

1.5

1.3

Taxation and social security

2.6

1.7

1.8

Total current liabilities

34.6

33.2

37.3

Total debts

37.0

35.9

39.9

Total liabilities (including net worth)

54.9

49.7

54.2

Patents

0.2

0.4

0.3

Other intangibles

-

-

0.0

Land

0.3

0.2

0.2

Buildings

3.1

1.3

1.4

Other fixed assets

0.1

0.2

0.2

Long-term investments

0.6

0.6

0.7

Other financial assets

1.7

2.0

0.6

Total non-current assets

6.1

4.6

3.5

Prepayments

0.1

0.3

0.2

Net stocks and work in progress

6.0

5.6

5.7

Trade debtors

28.9

26.6

32.3

Discounted bills not yet due

20.4

22.2

16.9

Other receivables

0.8

1.5

0.1

Prepaid expenses

0.3

0.5

0.4

Cash and liquid assets

12.3

10.5

12.0

Total current assets

48.4

45.0

50.7

Prepaid expenses and deferred costs

0.3

0.1

0.1

Total assets

54.9

49.7

54.2

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Current ratio

1.40

1.40

1.40

Quick ratio

1.20

1.20

1.20

Total liabilities to net worth

2.19%

2.74%

3.13%

Net worth to total assets

0.31%

0.26%

0.24%

Collection period

450.80

481.80

462.90

Stock turnover rate

5.50

5.50

5.70

Asset turnover

0.61%

0.62%

0.60%

Profit margin

0.10%

0.09%

0.13%

Return on assets

0.06%

0.06%

0.08%

Shareholders' return

0.19%

0.21%

0.33%

Sales per employee

2,812.50

2,684.97

2,895.41

Profit per employee

269.10

243.94

383.22

Average wage per employee

285.08

259.45

271.00

Net worth

17.4

13.6

13.2

Number of employees

54

54

50

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.95

UK Pound

1

Rs.72.12

Euro

1

Rs.63.67

 

 

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.