MIRA INFORM REPORT

 

 

Report Date :

03.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

EMBASSY

 

 

Registered Office :

84 Bd Montesquieu, 59100 Roubaix

 

 

Country :

France

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

February, 1986

 

 

Com. Reg. No.:

33480427500041

 

 

Legal Form :

Simplified joint stock company

 

 

Line of Business :

Wholesale Clothing and Footwear.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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

33480427500041

Name

EMBASSY

Telephone

03 20 11 35 04

Fax

03 20 11 35 01

Legal form

Simplified joint stock company

RCS Registration

  334804275

Share Capital

1,000,000

Incorporation Date

02/1986

Address

84 BD MONTESQUIEU

Postcode

59100 ROUBAIX

Nationality

France

 

 

Judgments Summary

No judgments against this company.

 

Directors Summary

Directorships

1

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2009

31/12/2008

31/12/2007

Turnover

18,689,432

18,564,324

17,719,212

Networth

-401,104

-647,831

-732,944

Number of Employees

20 to 49 employees

-

-

 

 

Company Information

 

company details

Company Name

EMBASSY

Company Number

33480427500041

Activity (APE)

 

Activity (APRM)

 

Currency

EURO (€)

Share capital

1,000,000

Registration Court

Roubaix-Tourcoing (59)

Legal form

Simplified joint stock company

Court Registry Number

19 8 6B000

EU VAT Number

 

Incorporation Date

02/1986

Formation Date

01/1986

Deregistration Date

 

Last account Date

31/12/2009

Nationality

France

 

Establishment details

Postal Address

84 BD MONTESQUIEU,
59100 ROUBAIX,

Trading Address

84 BD MONTESQUIEU,
59100 ROUBAIX,

Telephone

03 20 11 35 04

Fax

03 20 11 35 01

Type

Head office

Status

Economically active

Formation Date

01/1986

Reason for formation

Formation

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

-

Activity Location

Other

Location Service

 

Seasonality

 

 

Other establishments

Branches

2 branch entities in this company

Company number

33480427500041

Company name

EMBASSY

Type

Head office

Activity (ape)

Commerce de gros (commerce interentreprises) d'habillement et de chaussures

(Wholesale Clothing and Footwear.)

 

Post Code

59100

City

ROUBAIX

 

Company number

33480427500058

Company name

EMBASSY

Type

Secondary establishment

Activity (ape)

Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Post Code

59118

City

WAMBRECHIES

 

Rationality

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

 

 

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

18,689,432

0.7%

18,564,324

4.8%

17,719,212

Exports

5,504,336

-

0

-

0

Operating Charges

18,763,031

1.0%

18,576,628

-6.4%

19,845,937

Operating Profit

427,447

32.9%

321,684

1,369.1%

21,896

Financial Income

55,112

359.6%

11,991

-74.9%

47,814

Financial Charges

254,115

-3.5%

263,441

35.8%

193,984

Pre-Tax Profit

228,444

225.3%

70,234

156.5%

-124,274

Extraordinary Income

18,561

-90.2%

189,901

135.8%

80,546

Extraordinary Charges

278

-99.8%

175,024

149.9%

70,035

Net Profit

246,727

189.9%

85,113

168.1%

-125,014

 

Balance Sheet

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Assets

- Tangible assets

214,766

-7.3%

231,602

-10.3%

258,055

Intangible assets

0

-

0

-100.0%

3,029

Financial assets

27,585

-52.8%

58,448

0.0%

58,448

Total fixed assets

242,351

-16.4%

290,050

-9.2%

319,532

Stocks

1,858,128

-33.4%

2,791,266

8.4%

2,574,699

Receivables

4,027,372

-26.0%

5,444,672

33.4%

4,080,204

- Trade Receivables

3,226,998

-31.9%

4,740,762

97.2%

2,404,278

- Misc. Receivables

800,374

-

703,910

-

1,675,926

Cash

94,720

-64.4%

266,353

-17.1%

321,427

Misc. Current Assets

 

-

 

-

 

Total Current Assets

5,980,220

-29.7%

8,502,291

21.9%

6,976,330

Liabilities

Trade Accounts Payable

4,940,538

-28.5%

6,910,803

60.8%

4,296,774

Bank Loans and Liabilities

2,261

-22.8%

2,927

-95.4%

64,132

Sundry Loan and Liabilities

985,748

-

1,499,816

-

1,738,254

Advanced Payments Received

26,631

-1.0%

26,894

26.8%

21,212

Tax and Social Liabilities

434,347

-4.3%

453,891

-70.1%

1,515,845

Miscellaneous Liabilities

220,738

-

246,496

-

141,849

Provisions for Risks & Charges

13,526

-95.4%

294,191

17.8%

249,659

Other Capital Resources

0

-

0

-

0

Share Capital

1,000,000

0.0%

1,000,000

0.0%

1,000,000

Revaluation Reserve

0

-

0

-

0

Other Reserves

-1,401,104

-

-1,647,831

-

-1,732,944

Total Shareholders Funds

-401,104

38.1%

-647,831

11.6%

-732,944

 

Total Assets

6,224,088

-29.2%

8,792,890

20.5%

7,296,048

Net Worth

-401,104

-

-647,831

-

-735,973

 

Ratios

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Structure

Protection

-6.44%

 

-7.37%

 

-10.05%

Net Gearing

15.87%

 

17.09%

 

24.70%

Repayment Power

-786.28%

 

944.30%

 

-79.55%

Capital Requirement

7.00 day

 

17.00 day

 

19.00 day

Working Capital Requirement

5.00 day

 

12.00 day

 

14.00 day

Net Cash

2.00 day

 

5.00 day

 

5.00 day

 

Performance

Return on Invested Capital

186.00%

 

149.00%

 

-357.00%

Return on Equity

-61.51%

 

-13.14%

 

17.06%

Gross Profit

9.41% Turnover

 

9.89% Turnover

 

0.63% Turnover

Growth v's Year Ago Qtr

125,108€

 

845,112€

 

-523,888€

Inventory Returns

0

 

0

 

0

Receivables Days

64.00 day

 

93.00 day

 

50.00 day

Payable Days

111.00 day

 

146.00 day

 

88.00 day

 

SIG

Profit

14.34% Turnover

 

14.74% Turnover

 

6.20% Turnover

Gross Profit

9.41% Turnover

 

9.89% Turnover

 

0.63% Turnover

Wage and Salary distribution / Gross Profit

66.39% Turnover

 

68.93% Turnover

 

1,053.81% Turnover

Gross Operating Surplus

2.41% Turnover

 

2.32% Turnover

 

-6.45% Turnover

Pre-tax Income

1.22% Turnover

 

0.38% Turnover

 

-0.70% Turnover

Net Profit/Loss

1.32%

 

0.46%

 

-0.71%

 

 

Collective Procedures

 

Courts

There are no Judgments filed against this company.

Rncs

There are no Judgments filed against this company.

Bodacc

There are no Judgments filed against this company.

 

Preferential 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

26/08/2010

C

Comptes annuels et rapports

59 - NORD
GREFFE DU TRIBUNAL DE COMMERCE
DE ROUBAIX-TOURCOING

 

01/03/2010

C

Comptes annuels et rapports

59 - NORD
GREFFE DU TRIBUNAL DE COMMERCE
DE ROUBAIX-TOURCOING

 

05/05/2009

C

Comptes annuels et rapports

59 - NORD
GREFFE DU TRIBUNAL DE COMMERCE
DE ROUBAIX-TOURCOING

 

27/08/2008

B

Modification et mutation diverse

59 - NORD
GREFFE DU TRIBUNAL DE COMMERCE
DE ROUBAIX-TOURCOING

 

27/08/2008

B

Modification et mutation diverse

59 - NORD
GREFFE DU TRIBUNAL DE COMMERCE
DE ROUBAIX-TOURCOING

 

17/06/2007

C

Avis de dépôt des comptes

5556 - RCS Roubaix-Tourcoing B 334 804 275. RC 86-B 96. EMBASSY. Forme: SAS . Adresse du siège social: 84, boulevard Montesquieu,59100 Roubaix. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

17/06/2007

C

Avis de dépôt des comptes

5555 - RCS Roubaix-Tourcoing B 334 804 275. RC 86-B 96. EMBASSY. Forme: SAS . Adresse du siège social: 84, boulevard Montesquieu,59100 Roubaix. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

17/06/2007

C

Avis de dépôt des comptes

5554 - RCS Roubaix-Tourcoing B 334 804 275. RC 86-B 96. EMBASSY. Forme: SAS . Adresse du siège social: 84, boulevard Montesquieu,59100 Roubaix. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.

 

05/05/2005

B

Modifications et mutations diverses

1376 - RCS Roubaix-Tourcoing B 334 804 275. RC 86-B 96. EMBASSY. Forme : S.A.S. Capital : 1 000 000 d'euros. Adresse du siège social : 84 boulevard Montesquieu,, 59100 Administration : nomination en qualité de vice-président : Mme BONNEAU (Florence). Nomination en qualité de membres du comité de direction : DELANNOY (Marc) DERVILLE (Philippe) Mme BONNEAU (Florence). Commissaire aux comptes titulaire : DEBERLES (Jean-Pierre). Commissaire aux comptes suppléant : SOGAREX. Nomination en qualité de président du comité de direction : DERVILLE (Philippe). Membres du comité de direction : DELANNOY (Marc) DERVILLE (Philippe) Mme BONNEAU (Florence). Etablissement principal - Activité : négoce de tous produits personnalisés, en particulier de produits textiles et création de tous logos. Adresse : 84 boulevard Montesquieu, 59100 Date d'effet : 8 novembre 2004.

 

19/05/2004

A_REG

Création d'établissement

RCS Roubaix-Tourcoing B 432728129 THE COMICS WORLD. Forme : S.A.S. Capital : 38 200 euros. Adresse du siège social : 84 boulevard Montesquieu, 59100 Roubaix Etablissement principal: Activité : négoce aux grossistes d'articles textiles. Adresse : 84 boulevard Montesquieu, 59100 Roubaix Etablissement principal acquis par achat au prix stipulé de 176 000 euros. Date d'effet : 2 novembre 2003. Précédent propriétaire : S.A.R.L. EMBASSY. RCS B 334804275 Publication légale: L' Observateur du 6 février 2004. Oppositions : au fonds et pour la correspondance, S.C.P. Dutat Lefèvre et Associés, 72 avenue du Peuple-Belge, 59000 Lille.

 

23/12/2003

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Roubaix-Tourcoing B 334804275 RC 86-B 96 EMBASSY. Forme : S.A.R.L. Capital : 1 000 000 d'euros. Adresse : 84 boulevard Montesquieu, 59100 Roubaix. Administration : commissaire aux comptes titulaire : DEBERLES (Jean-Pierre). Commissaire aux comptes suppléant : SOGAREX. Ancien gérant : M m e DERVILLE, née VANDEPUTTE (Sophie) Nouvelle situation du siège social. Forme : S.A.S Etablissement principal: Activité : négoce de tous produits personnalisés, en particulier de produits textiles et création de tous logos. Adresse : 84 boulevard Montesquieu, 59100 Roubaix. Date d'effet : 14 novembre 2003.

 

06/08/2000

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Roubaix-Tourcoing B 334804275 RC 86-B 96 EMBASSY. Forme : S.A.R.L. Capital : 4 700 000 F. Adresse : 84 boulevard Montesquieu, 59100 Roubaix Nouvelle situation du siège social. Capital : 1 000 000 d'euros Etablissement principal: Activité : négoce de tous produits personnalisés en particulier les produits du textile et création de tous logos. Adresse : 84 boulevard Montesquieu, 59100 Roubaix. Date d'effet : 26 mai 2000.

 

22/01/1999

B

Modifications et mutations diverses

RCS o. RCS Roubaix-Tourcoing B 334 804 275 RC RC 86-B 96 EMBASSY. Forme : S.A.R. L. Capital : 4 700 000 F. Adresse du siège social : 84, boulevard Montesquieu 59100 Roubaix. Commentaires : ancienne adresse du siège social : 312, boulevard Clemenceau, 59700 Marcq-en-Baroeul Etablissement principal: Activité : négoce de tous produits personnalisés en particulier les produits textiles, création de tous logos. Adresse : 84, boulevard Montesquieu 59100 Roubaix Date de début d'activité: 15 février 1986. Date d'effet : 31 décembre 1998.

 

23/08/1997

B

Modifications et mutations diverses

RCS Roubaix-Tourcoing B 334 804 275 RC 86-B 96 EMBASSY. Forme : S.A.R.L. Capital : 2 000 000 de F. Adresse du siège social : 312 boulevard Clemenceau 59700 Marcq-en- Baroeul. Administration : gérant : Mme DERVILLE, née VANDEPUTTE (Sophie, Philippe). Nomination en qualité de commissaire aux comptes titulaire : DEBERLES (Jean-Pierre). Nomination en qualité de commissaire aux comptes suppléant : SOGAREX Etablissement principal: Activité : négoce de tous produits personnalisés et en particulier les produits textiles, création de tous logos. Adresse : 312 boulevard Clemenceau 59700 Marcq-en- Baroeul. Date d'effet : 20 juin 1997.

 

 

Company events history

Date

Description

26/08/2010

Bodacc C : Deposit accounts notice

01/03/2010

Bodacc C : Deposit accounts notice

22/02/2010

Continuation of business despite loss of equity

22/02/2010

Minutes of general meeting of shareholders

31/12/2009

New accounts available

05/05/2009

Bodacc C : Deposit accounts notice

31/12/2008

New accounts available

27/08/2008

Bodacc B: Various editing or changing

27/08/2008

New Bodacc B ads detected

13/08/2008

Minutes of general meeting of shareholders

13/08/2008

Private document

13/08/2008

New chairman (CEO, CoB)

13/08/2008

Updated articles of association

13/08/2008

Appointment/resignation of company officers

29/02/2008

Legal Gazette: Continuation of activity

31/12/2007

New accounts available

27/06/2007

Application and court order

31/12/2006

New accounts available

31/12/2005

New accounts available

24/03/2005

Acte sous seing privé

 

Establishment events history

Date

Description

23/02/2010

Update Rating

29/12/2009

Update Rating

06/06/2009

Update Limit

05/06/2009

Update Rating

02/03/2008

Update Rating

16/12/2007

Update Limit

11/12/2007

Update Limit

09/12/2007

Update Limit

14/06/2007

Update Limit

14/06/2007

Update Rating

 

Directors

 

Director

Name

M DELANNOY MARC

Manager position

Président

Date of birth

27/04/1954

Place of birth

59 LILLE

Type of manager

Individual

Name at birth of manager

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.73.43

Euro

1

Rs.62.32

 

 

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.