MIRA
INFORM REPORT
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Report Date : |
03.09.2011 |
IDENTIFICATION DETAILS
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Name : |
CENTRALE D ACHATS ZANNIER |
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Registered Office : |
Clos Marquet Zone Industrielle St Chamond, 42400 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.12.1994 |
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Com. Reg. No.: |
399235837 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of clothing and footwear |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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France |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Centrale D Achats Zannier
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Business
Description
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Centrale D Achats Zannier is primarily engaged in manufacture of
knitted or crocheted pullovers, cardigans, jerseys, waistcoats and similar
articles. |
Industry
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Industry |
Footwear |
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ANZSIC 2006: |
3712 - Clothing and Footwear Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
424340 - Footwear Merchant Wholesalers |
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UK SIC 2003: |
51423 - Wholesale of footwear |
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US SIC 1987: |
5139 - Footwear |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Centrale D
Achats Zannier |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Sofiza |
Parent |
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Subsidiary |
Paris |
France |
Miscellaneous Financial Services |
2.4 |
2 |
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Subsidiary |
Paris |
France |
Retail (Apparel) |
110.0 |
510 |
|
|
Subsidiary |
Braga |
Portugal |
Apparel and Accessories |
7.3 |
26 |
|
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Subsidiary |
St Macaire En Mauges |
France |
Apparel and Accessories |
26.6 |
398 |
|
|
Subsidiary |
Paris |
France |
Commercial Banks |
59.2 |
374 |
|
|
Subsidiary |
St Chamond |
France |
Miscellaneous Financial Services |
28.8 |
374 |
|
|
Subsidiary |
St Chamond |
France |
Footwear |
399.0 |
273 |
|
|
Subsidiary |
St Chamond |
France |
Computer Services |
14.9 |
74 |
|
|
Subsidiary |
Carcassonne |
France |
Apparel and Accessories |
4.6 |
74 |
|
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Subsidiary |
Carcassonne |
France |
Miscellaneous Financial Services |
0.7 |
34 |
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Subsidiary |
Troyes |
France |
Retail (Apparel) |
8.9 |
34 |
|
|
Subsidiary |
St Macaire En Mauges |
France |
Apparel and Accessories |
5.3 |
34 |
|
|
Subsidiary |
Rillieux La Pape |
France |
Apparel and Accessories |
4.6 |
34 |
|
|
Subsidiary |
St Macaire En Mauges |
France |
Apparel and Accessories |
4.1 |
34 |
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Subsidiary |
Paris |
France |
Miscellaneous Financial Services |
0.6 |
14 |
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Subsidiary |
Beaurains |
France |
Apparel and Accessories |
2.4 |
34 |
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Subsidiary |
St Macaire En Mauges |
France |
Apparel and Accessories |
27.7 |
7 |
|
|
Subsidiary |
Paris |
France |
Retail (Apparel) |
154.0 |
374 |
|
|
Subsidiary |
Milano, Milano (Milan) |
Italy |
Apparel and Accessories |
3.8 |
10 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Apparel and Accessories |
2.2 |
2 |
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Subsidiary |
St Chamond |
France |
Retail (Apparel) |
312.0 |
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Subsidiary |
Spilamberto, Modena |
Italy |
Apparel and Accessories |
115.6 |
550 |
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Subsidiary |
Savigny Sur Orge |
France |
Retail (Apparel) |
89.4 |
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Subsidiary |
Savigny Sur Orge |
France |
Retail (Apparel) |
52.7 |
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Subsidiary |
Paris |
France |
Apparel and Accessories |
25.3 |
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Subsidiary |
Montaigu |
France |
Apparel and Accessories |
0.7 |
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Executives Report
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
410.8 |
354.9 |
408.1 |
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Net sales |
399.0 |
351.9 |
409.2 |
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Change in stock |
- |
0.3 |
0.9 |
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Unfinished work in progress |
9.4 |
0.6 |
- |
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Supplementary operating income |
2.4 |
2.4 |
3.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
46.1 |
45.5 |
56.1 |
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Cost of goods sold |
333.6 |
283.5 |
323.4 |
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Taxes and social security costs |
1.4 |
0.9 |
1.0 |
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Social charges |
5.2 |
4.9 |
5.5 |
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Total payroll costs |
12.9 |
12.5 |
14.1 |
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Cost of stock depreciation and amortisation |
3.0 |
2.5 |
2.4 |
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Fixed asset depreciation and amortisation |
0.5 |
0.7 |
0.8 |
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Other operating costs |
5.2 |
3.1 |
5.4 |
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Total operating costs |
407.5 |
353.9 |
409.4 |
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Net operating income |
3.2 |
1.1 |
- |
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Total financial income |
2.0 |
3.2 |
5.2 |
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Interest payable on loans |
0.5 |
0.5 |
1.0 |
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Other expenses |
3.7 |
1.6 |
1.6 |
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Total expenses |
4.2 |
2.1 |
2.6 |
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Profit before tax |
1.1 |
2.2 |
1.2 |
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Extraordinary income |
0.4 |
0.8 |
0.2 |
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Extraordinary expenses |
1.0 |
0.8 |
0.3 |
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Extraordinary result |
- |
0.0 |
- |
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Profit distributed to employees |
0.1 |
0.1 |
0.5 |
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Net profit |
0.4 |
2.1 |
0.6 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
40.2 |
43.0 |
41.7 |
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Legal reserves |
0.0 |
0.0 |
0.0 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Profits for the year |
0.4 |
2.2 |
0.6 |
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Total stockholders equity |
40.7 |
45.3 |
42.3 |
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Provisions and allowances |
1.4 |
1.0 |
1.4 |
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Trade creditors |
119.0 |
97.3 |
98.1 |
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Bank loans and overdrafts |
3.5 |
0.3 |
8.4 |
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Current bank debts |
3.5 |
0.3 |
8.4 |
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Other loans |
0.1 |
0.2 |
0.2 |
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Other liabilities |
36.4 |
53.3 |
44.7 |
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Debts on fixed assets |
0.0 |
0.3 |
0.5 |
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Income stated in advance |
0.1 |
0.1 |
0.1 |
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Taxation and social security |
4.3 |
5.2 |
4.2 |
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Total current liabilities |
163.5 |
156.7 |
155.9 |
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Total debts |
163.5 |
156.7 |
156.1 |
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Regularisation account |
- |
- |
0.0 |
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Total liabilities (including net worth) |
205.6 |
203.0 |
199.9 |
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Patents |
0.0 |
0.0 |
0.0 |
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Other fixed assets |
1.6 |
2.5 |
3.4 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
1.1 |
1.1 |
1.0 |
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Total non-current assets |
2.6 |
3.6 |
4.5 |
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Prepayments |
0.0 |
- |
- |
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Net stocks and work in progress |
41.5 |
34.5 |
33.4 |
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Trade debtors |
107.3 |
125.9 |
104.0 |
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Other receivables |
52.6 |
34.7 |
57.0 |
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Prepaid expenses |
0.1 |
0.1 |
0.1 |
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Cash and liquid assets |
1.1 |
3.9 |
0.7 |
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Total current assets |
202.8 |
199.1 |
195.2 |
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Prepaid expenses and deferred costs |
0.2 |
0.2 |
0.2 |
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Total assets |
205.6 |
203.0 |
199.9 |
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Annual Ratios |
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Financials in:
USD (mil) |
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|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.20 |
1.30 |
1.30 |
|
Quick ratio |
1.00 |
1.10 |
1.00 |
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Total liabilities to net worth |
4.04% |
3.48% |
3.71% |
|
Net worth to total assets |
0.20% |
0.22% |
0.21% |
|
Collection period |
80.60 |
105.30 |
81.10 |
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Stock turnover rate |
9.70 |
10.50 |
11.60 |
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Asset turnover |
1.97% |
1.79% |
1.95% |
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Profit margin |
0.00% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.03% |
0.05% |
0.03% |
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Sales per employee |
7,238.49 |
6,079.76 |
5,844.85 |
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Profit per employee |
20.02 |
37.78 |
17.70 |
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Average wage per employee |
233.43 |
216.64 |
200.87 |
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Net worth |
40.7 |
45.3 |
42.3 |
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Number of employees |
273 |
273 |
314 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.89 |
|
|
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
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.