MIRA INFORM
REPORT
|
Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
GEORGES S. DARAS |
|
|
|
|
Registered Office : |
14 Rue Fortia, 13001 Marseille 1 |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
January 1955 |
|
|
|
|
Com. Reg. No.: |
05580960200018 |
|
|
|
|
Legal Form : |
Public limited company with board of directors |
|
|
|
|
Line of Business : |
Wholesale business
of specialist food variety |
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 : |
540,000€ |
|
Status : |
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 – 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 Name |
GEORGES S. DARAS |
|
Company Number |
05580960200018 |
|
Activity (APE) |
Commerce de gros (commerce interentreprises) alimentaire spécialisé
divers (Wholesale
business specialist food variety) |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
1,620,000 |
|
Registration Court |
Marseille (13) |
|
Legal form |
Public limited company with board of directors |
|
Court Registry Number |
55 B 00960 |
|
EU VAT Number |
FR28055809602 |
|
Incorporation Date |
|
|
Formation Date |
01/1955 |
|
Deregistration Date |
|
|
Last account Date |
31/12/2009 |
|
Nationality |
France |
CREDIT RECOMENDATION
Current Credit Rating:
A
Current Credit Limit: 540,000€
Credit Rating / Limit additional comments:
DIRECTORS/MANAGEMENT
Directors
|
Director |
|||
|
Name |
M COULLAUT EMMANUEL |
Manager position |
Administrateur |
|
Date of birth |
29/11/1981 |
Place of birth |
NOUMEA NOUVELLE CALEDONIE |
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
M DARAS CEDRIC |
Manager position |
Administrateur |
|
Date of birth |
10/01/1974 |
Place of birth |
MARSEILLE |
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
MME DARAS CHRISTIANE |
Manager position |
Administrateur |
|
Date of birth |
|
Place of birth |
|
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
M DARAS MICHEL |
Manager position |
Directeur général délégué |
|
Date of birth |
05/07/1944 |
Place of birth |
FRAISSE CABARDES |
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
M COULLAUT FRANCOIS |
Manager position |
Président du conseil d'administration |
|
Date of birth |
15/04/1955 |
Place of birth |
PARIS |
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
M DARAS GEORGES |
Manager position |
Administrateur |
|
Date of birth |
04/05/1925 |
Place of birth |
MARSEILLE |
|
Type of manager |
Individual |
Name at birth of manager |
|
NEGATIVE INFORMATION
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. |
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 |
28,546,078 |
37,216,902 |
25,707,111 |
|
Networth |
2,689,616 |
2,495,824 |
2,146,041 |
|
Number of Employees |
20 to 49 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 |
28,546,078 |
-23.3% |
37,216,902 |
44.8% |
25,707,111 |
|
Exports |
18,869,967 |
-19.8% |
23,537,032 |
20.8% |
19,477,447 |
|
Operating Charges |
28,195,309 |
-22.6% |
36,437,613 |
41.8% |
25,690,413 |
|
Operating Profit |
503,404 |
-53.8% |
1,090,513 |
1,542.9% |
66,377 |
|
Financial Income |
5,166 |
-81.2% |
27,481 |
-19.5% |
34,159 |
|
Financial Charges |
217,729 |
-60.1% |
545,778 |
11.5% |
489,669 |
|
Pre-Tax Profit |
290,841 |
-49.2% |
572,216 |
247.0% |
-389,134 |
|
Extraordinary Income |
12,356 |
922.8% |
1,208 |
-96.3% |
32,357 |
|
Extraordinary Charges |
294 |
-99.4% |
46,263 |
-35.1% |
71,247 |
|
Net Profit |
193,792 |
-44.6% |
349,782 |
225.2% |
-279,351 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible assets |
95,307 |
-11.0% |
107,081 |
-22.7% |
138,554 |
|
Intangible assets |
14,617 |
771.6% |
1,677 |
-51.9% |
3,483 |
|
Financial assets |
318,499 |
-45.6% |
585,272 |
54.0% |
380,080 |
|
Total fixed assets |
428,423 |
-38.3% |
694,030 |
32.9% |
522,117 |
|
Stocks |
1,436,985 |
-49.3% |
2,834,066 |
101.2% |
1,408,702 |
|
Receivables |
5,378,979 |
-46.1% |
9,988,122 |
60.9% |
6,208,274 |
|
- Trade Receivables |
4,987,979 |
-47.0% |
9,404,712 |
58.5% |
5,934,326 |
|
- Misc. Receivables |
391,000 |
- |
583,410 |
- |
273,948 |
|
Cash |
190,392 |
-74.3% |
742,161 |
33.9% |
554,197 |
|
Misc. Current Assets |
84,440 |
- |
58,735 |
- |
|
|
Total Current Assets |
7,090,796 |
-48.0% |
13,623,084 |
66.7% |
8,171,173 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
1,060,687 |
10.7% |
958,330 |
19.0% |
805,390 |
|
Bank Loans and Liabilities |
2,592,521 |
-43.5% |
4,591,350 |
26.3% |
3,635,324 |
|
Sundry Loan and Liabilities |
52,690 |
- |
33,661 |
- |
4,891 |
|
Advanced Payments Received |
36,314 |
-76.9% |
157,515 |
- |
0 |
|
Tax and Social Liabilities |
264,855 |
-42.8% |
462,780 |
178.6% |
166,114 |
|
Miscellaneous Liabilities |
822,538 |
- |
5,617,655 |
- |
1,935,530 |
|
Provisions for Risks & Charges |
0 |
- |
0 |
- |
0 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
1,620,000 |
0.0% |
1,620,000 |
107.7% |
780,000 |
|
Revaluation Reserve |
0 |
- |
0 |
-100.0% |
816,581 |
|
Other Reserves |
1,069,616 |
- |
875,824 |
- |
549,460 |
|
Total Shareholders Funds |
2,689,616 |
7.8% |
2,495,824 |
16.3% |
2,146,041 |
|
|
|||||
|
Total Assets |
7,519,222 |
-47.5% |
14,317,114 |
64.7% |
8,693,290 |
|
Net Worth |
2,674,999 |
- |
2,494,147 |
- |
2,142,558 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
35.77% |
|
17.43% |
|
24.69% |
|
Net Gearing |
35.18% |
|
32.30% |
|
41.87% |
|
Repayment Power |
31.21% |
|
26.39% |
|
-1.97% |
|
Capital Requirement |
29.00 day |
|
18.00 day |
|
23.00 day |
|
Working Capital Requirement |
59.00 day |
|
55.00 day |
|
66.00 day |
|
Net Cash |
-30.00 day |
|
-37.00 day |
|
-43.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
187.00% |
|
191.00% |
|
29.00% |
|
Return on Equity |
7.21% |
|
14.01% |
|
-13.02% |
|
Gross Profit |
7.76% Turnover |
|
7.47% Turnover |
|
5.18% Turnover |
|
Growth v's Year Ago Qtr |
-8,670,824€ |
|
11,509,791€ |
|
-1,590,967€ |
|
Inventory Returns |
0 |
|
0 |
|
0 |
|
Receivables Days |
78.00 day |
|
101.00 day |
|
98.00 day |
|
Payable Days |
15.00 day |
|
10.00 day |
|
12.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
14.45% Turnover |
|
18.42% Turnover |
|
12.65% Turnover |
|
Gross Profit |
7.76% Turnover |
|
7.47% Turnover |
|
5.18% Turnover |
|
Wage and Salary distribution / Gross Profit |
59.27% Turnover |
|
49.00% Turnover |
|
82.83% Turnover |
|
Gross Operating Surplus |
2.81% Turnover |
|
3.56% Turnover |
|
0.59% Turnover |
|
Pre-tax Income |
1.02% Turnover |
|
1.54% Turnover |
|
-1.51% Turnover |
|
Net Profit/Loss |
0.68% |
|
0.94% |
|
-1.09% |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Establishment details |
|||||||||||||
|
Postal Address |
14 RUE FORTIA, |
||||||||||||
|
Trading Address |
14 RUE FORTIA, |
||||||||||||
|
Telephone |
04 91 04 88 00 |
||||||||||||
|
Fax |
04 91 55 62 36 |
||||||||||||
|
Type |
Head office (one site company) |
||||||||||||
|
Status |
Economically active |
||||||||||||
|
Formation Date |
01/1955 |
||||||||||||
|
Reason for formation |
|
||||||||||||
|
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 |
||||||||||||
|
|||||||||||||
|
|
|||||||||||||
|
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 |
20 to 49 employees |
||||||||||||
|
Company workforce |
20 to 49 employees |
||||||||||||
|
Preferentials Rights |
|||||||||||||
|
No social security and tax office preferential right to date. |
|||||||||||||
Event
history
|
Status history |
|
No status history for this company. |
|
Recent Publications in Gazettes |
||||
|
Publication Date |
Gazette Name |
Description |
||
|
10/01/2011 |
C |
Comptes annuels et rapports |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
22/01/2010 |
C |
Comptes annuels et rapports |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
03/10/2008 |
C |
Comptes annuels et rapports |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
23/09/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
23/09/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
23/09/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
23/09/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
30/01/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
30/01/2008 |
B |
Modification et mutation diverse |
||
|
13 - BOUCHES-DU-RHONE |
||||
|
|
||||
|
09/11/2007 |
C |
Avis de dépôt des comptes |
||
|
612 - 055 809 602. RCS Marseille GEORGES S
DARAS. Forme: Société anonyme à conseil d'administration. Adresse du siège
social: 14 rue Fortia 13001 Marseille. Comptes annuels et rapports de
l'exercice clos le: 31 décembre 2006. |
||||
|
|
||||
|
20/11/2006 |
C |
Avis de dépôt des comptes |
||
|
1989 - RCS Marseille B 055 809 602. RC
55-B 960. GEORGES S DARAS. Forme: S.A. à conseil d'administration. Adresse du
siège social: 14, rue Fortia,13001 Marseille-(1er). Comptes annuels et rapports
de l'exercice clos le: 31 décembre 2005. |
||||
|
|
||||
|
26/10/2006 |
B |
Modifications et mutations diverses |
||
|
0280 - RCS Marseille B 055 809 602. RC
55-B 960. GEORGES S. DARAS. Forme : S.A. à conseil d'administration. Commentaires
: modification survenue sur l'administration. Administration : modification
d'un directeur général délégué : DARAS (Michel, Henri, Georges). Modification
du président du conseil d'administration et directeur général : COULLAUT
(François, Emmanuel). Nomination d'administrateurs : DARAS (Georges) COULLAUT
(Emmanuel) DARAS (Cédric). |
||||
|
25/09/2006 |
C |
Avis de dépôt des comptes |
||
|
1339 - RCS Marseille B 055 809 602. RC 55-B
960. GEORGES S DARAS. Forme: S.A. à conseil d'administration. Adresse du
siège social: 14, rue Fortia,13001 Marseille-(1er). Comptes annuels et
rapports de l'exercice clos le: 31 décembre 2004. |
||||
|
|
||||
|
15/02/2002 |
B |
Modifications et mutations diverses |
||
|
RCS Marseille B 055809602 RC 55-B 960
GEORGES S. DARAS. Forme : S.A. Capital : 780 000 euros Nom commercial: Codaf.
Commentaires : modification survenue sur le capital (augmentation). |
||||
|
|
||||
|
30/05/2001 |
B |
Modifications et mutations diverses |
||
|
RCS Marseille B 055809602 RC 55-B 960
GEORGES S. DARAS. Forme : S.A Nom commercial: Codaf. Activité : toutes
opérations commerciales de commission sur marchandises et d'opérations connexes.
Commentaires : modification survenue sur l'activité et l' administration.
Administration : directeur général et administrateur partant :
CONTANDRIOPOULOS (Yves). |
||||
|
|
||||
|
13/07/1997 |
B |
Modifications et mutations diverses |
||
|
RCS *. RCS Marseille B 055 809 602 RC RC
55-B 960 GEORGES S. DARAS. Forme : S.A. à conseil d'administration Nom
commercial: Codaf. Commentaires : modification survenue sur le nom
commercial. |
||||
|
|
||||
|
Company events
history |
|
|
Date |
Description |
|
10/01/2011 |
Bodacc C : Deposit accounts notice |
|
22/01/2010 |
Bodacc C : Deposit accounts notice |
|
31/12/2009 |
New accounts available |
|
13/08/2009 |
Collection of preferential rights activated for this company |
|
31/12/2008 |
New accounts available |
|
03/10/2008 |
Bodacc C : Deposit accounts notice |
|
23/09/2008 |
Bodacc B: Various editing or changing |
|
23/09/2008 |
New Bodacc B ads detected |
|
11/09/2008 |
Capital increase |
|
11/09/2008 |
Changes to the Board of Directors |
|
11/09/2008 |
Private document |
|
11/09/2008 |
Updated articles of association |
|
11/09/2008 |
Appointment/resignation of company officers |
|
11/09/2008 |
Minutes of general meeting of shareholders |
|
11/09/2008 |
Minutes of Board meeting |
|
27/06/2008 |
Other modification of Establishment |
|
30/01/2008 |
Bodacc B: Various editing or changing |
|
30/01/2008 |
New Bodacc B ads detected |
|
21/01/2008 |
Minutes of Board meeting |
|
21/01/2008 |
Appointment/resignation of company officers |
|
Establishment
events history |
|
|
Date |
Description |
|
11/01/2011 |
Update Rating |
|
11/01/2011 |
Update Limit |
|
25/09/2010 |
Update Rating |
|
20/01/2010 |
Update Rating |
|
20/01/2010 |
Update Limit |
|
04/01/2010 |
Update Limit |
|
30/12/2009 |
Update Rating |
|
13/09/2009 |
Update Limit |
|
12/09/2009 |
Update Rating |
|
23/09/2008 |
Update Rating |
|
19/09/2008 |
Update Limit |
|
19/09/2008 |
Update Rating |
|
12/09/2008 |
Update Rating |
|
16/12/2007 |
Update Limit |
|
10/12/2007 |
Update Limit |
|
08/12/2007 |
Update Limit |
|
11/09/2007 |
Update Limit |
|
11/09/2007 |
Update Rating |
|
25/01/2007 |
Update Limit |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.