MIRA INFORM REPORT

 

 

Report Date :           

19.10.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

TEX WORLD INDUSTRY

 

 

Registered Office :

555 Rue Victor Baltard, Post Code 13100 Aix En Provence

 

 

Country :

France

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

January 1993

 

 

Com. Reg. No.:

390039394

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Wholesale business of textile

 

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

 

Maximum Credit Limit :

110,000€

 

 

Status :

Good

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

France

a2

a2

 

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

39003939400056

Name

TEX WORLD INDUSTRY

Telephone

04 42 52 97 83

Fax

 

Legal form

Simplified joint stock company

RCS Registration

390039394

Share Capital

278,850

Incorporation Date

03/1993

Address

555 RUE VICTOR BALTARD

Postcode

13100 AIX EN PROVENCE

Nationality

France

Company Details

Company Name

TEX WORLD INDUSTRY

Company Number

39003939400056

Activity (APE)

Commerce de gros (commerce interentreprises) de textiles

(Wholesale business of textile)

Activity (APRM)

 

Currency

EURO (€)

Share capital

278,850

Registration Court

Aix-en-Provence (13)

Legal form

Simplified joint stock company

Court Registry Number

19 9 3B002

EU VAT Number

FR16390039394

Incorporation Date

03/1993

Formation Date

01/1993

Deregistration Date

 

Last account Date

31/12/2010

Nationality

France

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 110,000€

DIRECTORS/MANAGEMENT

 

Directors Summary

Directorships

1

 

Directors

Director

Name

RAMBAUD LIONEL

Manager position

Président

Date of birth

16/04/1966

Place of birth

GAP (05)

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

31/12/2010

31/12/2009

31/12/2008

Turnover

4,881,806

4,902,918

5,039,858

Networth

741,691

689,382

638,000

Number of Employees

10 to 19 employees

-

-

 

Accounts & Ratios

Profit & Loss

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Account period (month)

12

-

12

-

12

Account Type

Normal Account

-

Normal Account

-

Normal Account

Currency

Euro

-

Euro

-

Euro

Turnover

4,881,806

-0.4%

4,902,918

-2.7%

5,039,858

Exports

306,798

-49.5%

608,003

80.4%

336,991

Operating Charges

4,652,571

-7.9%

5,052,785

5.7%

4,780,325

Operating Profit

132,221

25.0%

105,756

-63.0%

285,528

Financial Income

4,707

7,616.4%

61

-79.6%

299

Financial Charges

32,897

-23.4%

42,957

-52.5%

90,443

Pre-Tax Profit

104,031

65.5%

62,860

-67.8%

195,383

Extraordinary Income

51,405

119.1%

23,465

21,039.6%

111

Extraordinary Charges

113,691

132.0%

48,996

-12.5%

56,000

Net Profit

52,308

1.8%

51,383

-50.5%

103,766

 

Balance Sheet

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Assets

- Tangible assets

13,978

-86.1%

100,404

-13.5%

116,073

Intangible assets

26,493

-3.4%

27,413

59.1%

17,225

Financial assets

20,078

0.0%

20,078

0.0%

20,078

Total fixed assets

51,021

-63.1%

138,367

-9.8%

153,376

Stocks

921,771

-11.6%

1,042,212

25.8%

828,400

Receivables

677,100

34.9%

501,803

-13.0%

576,772

- Trade Receivables

441,315

30.0%

339,348

-23.2%

441,916

- Misc. Receivables

235,785

-

162,455

-

134,856

Cash

41

-96.4%

1,133

-77.4%

5,017

Misc. Current Assets

 

-

 

-

-1

Total Current Assets

1,598,912

3.5%

1,545,148

9.6%

1,410,188

Liabilities

Trade Accounts Payable

313,221

-13.6%

362,349

4.7%

346,066

Bank Loans and Liabilities

229,320

-28.8%

322,192

75.2%

183,892

Sundry Loan and Liabilities

39,351

-

39,082

-

 

Advanced Payments Received

79,097

55.0%

51,017

5.0%

48,591

Tax and Social Liabilities

210,426

10.3%

190,861

-37.1%

303,237

Miscellaneous Liabilities

36,826

-

28,629

-

33,778

Provisions for Risks & Charges

0

-

0

-100.0%

10,000

Other Capital Resources

0

-

0

-

0

Share Capital

278,850

0.0%

278,850

0.0%

278,850

Revaluation Reserve

0

-

0

-

0

Other Reserves

462,841

-

410,532

-

359,150

Total Shareholders Funds

741,691

7.6%

689,382

8.1%

638,000

 

Total Assets

1,649,932

-2.0%

1,683,514

7.7%

1,563,564

Net Worth

715,198

-

661,969

-

620,775

Ratios

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Structure

Protection

44.95%

 

40.95%

 

40.80%

Net Gearing

16.28%

 

21.46%

 

11.76%

Repayment Power

49.55%

 

59.28%

 

17.61%

Capital Requirement

55.00 day

 

44.00 day

 

37.00 day

Working Capital Requirement

71.00 day

 

67.00 day

 

48.00 day

Net Cash

-16.00 day

 

-23.00 day

 

-11.00 day

 

Performance

Return on Invested Capital

291.00%

 

94.00%

 

189.00%

Return on Equity

7.05%

 

7.45%

 

16.26%

Gross Profit

20.47% Turnover

 

23.28% Turnover

 

25.62% Turnover

Growth v's Year Ago Qtr

-21,112€

 

-136,940€

 

-143,690€

Inventory Returns

-20.00 day

 

31.00 day

 

-2.00 day

Receivables Days

37.00 day

 

29.00 day

 

37.00 day

Payable Days

30.00 day

 

33.00 day

 

33.00 day

 

SIG

Profit

0

 

0

 

44.72% Turnover

Gross Profit

20.47% Turnover

 

23.28% Turnover

 

25.62% Turnover

Wage and Salary distribution / Gross Profit

66.61% Turnover

 

66.97% Turnover

 

63.28% Turnover

Gross Operating Surplus

3.04% Turnover

 

2.66% Turnover

 

5.76% Turnover

Pre-tax Income

2.13% Turnover

 

1.28% Turnover

 

3.88% Turnover

Net Profit/Loss

1.07%

 

1.05%

 

2.06%

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Establishment details

Postal Address

555 RUE VICTOR BALTARD,
13100 AIX EN PROVENCE,

Trading Address

555 RUE VICTOR BALTARD,
13100 AIX EN PROVENCE,

Telephone

04 42 52 97 83

Fax

 

Type

Head office

Status

Economically active

Formation Date

01/1993

Reason for formation

Formation

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

 

Activity Location

 

Location Service

 

Seasonality

 

Other establishments

Branches

2 branch entities in this company

Company number

39003939400056

Company name

TEX WORLD INDUSTRY

Type

Head office

Activity (ape)

Commerce de gros (commerce interentreprises) de textiles

Post Code

13100

City

AIX EN PROVENCE

 

Company number

39003939400049

Company name

TEX WORLD INDUSTRY

Type

Secondary establishment

Activity (ape)

Commerce de gros (commerce interentreprises) de textiles

Post Code

13100

City

AIX EN PROVENCE

 

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

Workforce unknown

Company workforce

10 to 19 employees

 

Event history

Status history

Date

Description

01/12/2010

Economically active

 

Recent Publications in Gazettes

Publication Date

Gazette Name

Description

21/01/2011

B

Modification et mutation diverse

13 - BOUCHES-DU-RHONE
GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE
160 - 390 039 394 RCS Aix-en-Provence. TEX WORLD INDUSTRY. Forme : Société par actions simplifiée. Administration : Président : RAMBAUD Lionel Commissaire aux comptes titulaire : FAYETTE Fabrice Commissaire aux comptes suppléant : IVARRA Denis. Activité : . Adresse de l’établissement principal : 555 rue Victor Baltard, 13854 Aix-en-Provence Cedex 3. Adresse du siège social : 555 rue Victor Baltard, 13854 Aix-en-Provence Cedex 3. Commentaires : Modification survenue sur l'administration et transfert du siège social, transfert de l'établissement principal.

 

02/09/2010

C

Comptes annuels et rapports

13 - BOUCHES-DU-RHONE
GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE
1203 - 390039394 RCS. TEX WORLD INDUSTRY. Forme : Société par actions simplifiée. Adresse : 45 rue de la Petite Duranne 13857 Aix-en-Provence Cedex 3. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

 

19/08/2009

C

Comptes annuels et rapports

13 - BOUCHES-DU-RHONE
GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE
920 - 390039394 RCS. TEX WORLD INDUSTRY. Forme : Société par actions simplifiée. Adresse : 45 rue de la Petite Duranne 13857 Aix-en-Provence Cedex 3. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

 

02/09/2008

C

Comptes annuels et rapports

13 - BOUCHES-DU-RHONE
GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE
1671 - 390039394 RCS. TEX WORLD INDUSTRY. Forme : Société par actions simplifiée. Adresse : 45 rue de la Petite Duranne 13857 Aix-en-Provence Cedex 3. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

 

08/11/2007

C

Avis de dépôt des comptes

917 - 390 039 394. RCS Aix-en-Provence TEX WORLD INDUSTRY. Sigle: TWI TASSY Forme: Société par actions simplifiée. Adresse du siège social: 45 rue de la Petite Duranne 13857 Aix-en-Provence Cedex 3. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

 

21/03/2007

B

Modifications et mutations diverses

142 - RCS Aix-en-Provence B 390 039 394. RC 93-B 271. TEX WORLD INDUSTRY. Sigle : TWI TASSY. Forme : S.A.S. Capital : 278 850 euros. Nom commercial : T.W.I. Adresse du siège social : 45 rue de la Petite-Duranne,, 13857 Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 2 février 2007.

 

04/08/2006

C

Avis de dépôt des comptes

1144 - RCS Aix-en-Provence B 390 039 394. RC 93-B 271. TEX WORLD INDUSTRY. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 45, rue de la Petite Duranne,13857 Aix-en-Provence-Cedex 3. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

06/08/2005

C

Avis de dépôt des comptes

1263 - RCS Aix-en-Provence B 390 039 394. RC 93-B 271. TEX WORLD INDUSTRY. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 45, rue de la Petite Duranne,13857 Aix-en-Provence. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

25/06/2003

B

Modifications et mutations diverses

RCS Aix-en-Provence B 390039394 RC 93-B 271 TEX WORLD INDUSTRY. Sigle : TWI TASSY. Forme : S.A.S. Capital : 275 000 euros Nom commercial: T.W.I. Adresse du siège social : 45 rue de la Petite-Duranne, 13857 Aix-en-Provence Cedex 3. Commentaires : modification survenue sur la forme juridique, le capital ( augmentation) et l'administration. Administration : président : RAMBAUD ( Lionel) ( Nom d'usage : RAMBAUD). Commissaire aux comptes titulaire : FAYETTE (Fabrice) ( Nom d'usage : FAYETTE). Commissaire aux comptes suppléant : IVARRA (Denis) ( Nom d' usage : IVARRA). Date d'effet : 12 mai 2003.

 

16/08/2000

B

Modifications et mutations diverses

RCS Aix-en-Provence B 390039394 RC 93-B 271 TEX WORLD INDUSTRY. Sigle : T.W.I. TASSY. Forme : S.A. Capital : 170 000 euros Nom commercial: T.W.I. Adresse du siège social : 45 rue de la Petite-Duranne, 13857 Aix-en-Provence Cedex 3. Commentaires : modification survenue sur le capital (augmentation et conversion en euros). Date d'effet : 30 juin 2000.

 

09/08/1996

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Aix-en-Provence b 390039394 RC 93-b 271 tex world industry. Sigle : t.w.i. tassy. Forme : S.A. Capital : 300 000 F (fixe). Adresse : Comindus, 125, rue Henri- Bessemer, parc d'activités d'Aix-Les Milles, 13854 Aix-en-Provence Cedex 3 Nouvelle situation du siège social. Capital : 500 000 F. Date d'effet : 6 juin 1996.

 

09/08/1996

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Aix-en-Provence b 390039394 RC 93-b 271 tex world industry. Sigle : T.W.I. Tassy. Forme : S.A. Capital : 300 000 F (fixe). Adresse : pole d'activités, 645, rue Mayor-de-Montricher, 13854 Aix-en- Provence Cedex 3 Nouvelle situation du siège social. Adresse : Comindus, 125, rue Henri-Bessemer, parc d'activités d' Aix-Les Milles, 13854 Aix-en-Provence Cedex 3 Etablissement principal: Adresse : pole d'activités, 645, rue Mayor-de-Montricher, 13854 Aix-en- Provence Cedex 3 ETABLISSEMENT PRINCIPAL nouvelle situation. Adresse : Comindus, 125, rue Henri-Bessemer, parc d'activités d'Aix-Les Milles, 13854 Aix- en-Provence Cedex 3. Date d'effet : 1 e r avril 1996.

 

 

 

Company events history

Date

Description

22/09/2011

Bodacc C : Deposit accounts notice

18/08/2011

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

21/01/2011

Bodacc B: Various editing or changing

03/01/2011

Updated articles of association

03/01/2011

Minutes of general meeting of shareholders

31/12/2010

New accounts available

24/12/2010

Legal Gazette: Head Office Transfer

01/12/2010

Transfer of Establishment

01/12/2010

Update of Company Head Office Identifier

02/09/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

19/08/2009

Bodacc C : Deposit accounts notice

31/12/2008

New accounts available

02/09/2008

Bodacc C : Deposit accounts notice

07/03/2008

Updated articles of association

07/03/2008

Private document

31/12/2007

New accounts available

12/02/2007

Capital increase

12/02/2007

Capital increase

12/02/2007

Private document

12/02/2007

Minutes of general meeting of shareholders

12/02/2007

Minutes of general meeting of shareholders

12/02/2007

Updated articles of association

12/02/2007

Updated articles of association

12/02/2007

Audit or Management Report

12/02/2007

Audit or Management Report

31/12/2006

New accounts available

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

05/06/2003

Appointment/resignation of company officers

05/06/2003

Capital increase

05/06/2003

New auditor

05/06/2003

Updated articles of association

05/06/2003

Minutes of general meeting of shareholders

05/06/2003

Private document

05/06/2003

Audit or Management Report

05/06/2003

New legal form – no new category

05/06/2003

Amendment

18/07/2001

Amendment

18/07/2001

Minutes of general meeting of shareholders

18/07/2001

Private document

27/07/2000

Conversion of equity to euro

27/07/2000

Updated articles of association

27/07/2000

Capital increase

27/07/2000

Minutes of general meeting of shareholders

27/07/2000

Private document

15/11/1999

Minutes of general meeting of shareholders

15/11/1999

Minutes of Board meeting

15/11/1999

Private document

15/11/1999

Registered office transferred inside jurisdiction of the Commercial Court

15/11/1999

Updated articles of association

03/11/1998

Private document

03/11/1998

Appointment/resignation of company officers

03/11/1998

Changes to the Board of Directors

03/11/1998

Minutes of general meeting of shareholders

05/07/1996

Minutes of general meeting of shareholders

05/07/1996

Minutes of Board meeting

05/07/1996

Capital increase

05/07/1996

Change to corporate purpose

05/07/1996

Registered office transferred inside jurisdiction of the Commercial Court

05/07/1996

Amendment

05/07/1996

Updated articles of association

28/08/1995

Private document

28/08/1995

Sale of shares

09/08/1995

Updated articles of association

09/08/1995

Minutes of Board meeting

09/08/1995

Minutes of general meeting of shareholders

09/08/1995

Appointment/resignation of company officers

09/08/1995

Private document

09/08/1995

Sale of shares

09/08/1995

New legal form – no new category

09/08/1995

New legal form – new category

09/08/1995

Amendment

20/07/1995

Amendment

12/07/1994

Capital increase

12/07/1994

Change to corporate purpose

12/07/1994

Registered office transferred inside jurisdiction of the Commercial Court

12/07/1994

Amendment

12/07/1994

Minutes of general meeting of shareholders

12/07/1994

Updated articles of association

10/03/1993

Articles of association

10/03/1993

Private document

10/03/1993

Company formation

10/03/1993

Appointment/resignation of company officers

10/03/1993

Minutes of general meeting of shareholders

10/03/1993

Declaration of conformity

 

 

Establishment events history

Date

Description

28/06/2011

Update of phone numbers

01/12/2010

Formation of Head office (after transfer)

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.77.58

Euro

1

Rs.67.58

 

 

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%)

 

 

 

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