MIRA
INFORM REPORT
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Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ALIZE INTERNATIONAL |
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Registered Office : |
1, Allee Francois Joseph Broussais Vannes, 56000 |
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Country : |
France |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
15.03.1996 |
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Com. Reg. No.: |
404526683 |
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Legal Form : |
Private Independent |
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Line of Business : |
Non-specialised wholesale of food, beverages and tobacco |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
Alize International
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Business
Description
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Alize International is primarily engaged in non-specialised wholesale
of food, beverages and tobacco. |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
3609 - Other Grocery Wholesaling |
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NACE 2002: |
5139 - Non-specialised wholesale of food,
beverages and tobacco |
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NAICS 2002: |
424490 - Other Grocery and Related
Products Merchant Wholesalers |
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UK SIC 2003: |
5139 - Non-specialised wholesale of food,
beverages and tobacco |
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US SIC 1987: |
5142 - Packaged Frozen Foods |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7214831
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.8163932
Corporate Overview
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Executives Report
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30-Jun-2010 |
30-Jun-2009 |
30-Jun-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) |
0.721483 |
0.731067 |
0.681859 |
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Consolidated |
No |
No |
No |
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Total income |
37.5 |
31.6 |
49.5 |
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Net sales |
37.5 |
31.3 |
49.4 |
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Supplementary operating income |
0.1 |
0.3 |
0.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
0.6 |
0.6 |
0.6 |
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Cost of goods sold |
36.5 |
29.3 |
44.7 |
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Taxes and social security costs |
0.1 |
0.1 |
0.2 |
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Social charges |
0.2 |
0.2 |
0.2 |
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Total payroll costs |
0.5 |
0.5 |
0.6 |
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Cost of stock depreciation and amortisation |
0.0 |
0.1 |
0.4 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Total operating costs |
36.6 |
30.7 |
46.4 |
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Net operating income |
0.9 |
1.0 |
3.1 |
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Total financial income |
0.1 |
0.3 |
0.1 |
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Interest payable on loans |
0.1 |
0.1 |
0.2 |
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Other expenses |
0.5 |
0.5 |
0.8 |
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Total expenses |
0.6 |
0.6 |
1.0 |
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Profit before tax |
0.5 |
0.7 |
2.2 |
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Extraordinary income |
0.2 |
0.1 |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
0.0 |
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Extraordinary result |
0.2 |
0.0 |
0.0 |
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Total taxation |
0.2 |
0.2 |
0.7 |
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Net profit |
0.4 |
0.5 |
1.4 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.816393 |
0.712936 |
0.634699 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.2 |
0.2 |
0.3 |
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Total reserves |
3.6 |
4.0 |
4.3 |
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Profits for the year |
0.3 |
0.5 |
1.5 |
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Total stockholders equity |
4.1 |
4.7 |
6.1 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Trade creditors |
4.5 |
5.2 |
4.6 |
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Advances received |
- |
0.7 |
0.0 |
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Bank loans and overdrafts |
1.7 |
1.8 |
0.2 |
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Current bank debts |
1.6 |
1.7 |
0.0 |
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Other loans |
0.3 |
0.0 |
0.0 |
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Other liabilities |
0.2 |
0.2 |
0.3 |
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Taxation and social security |
0.2 |
0.2 |
0.5 |
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Total current liabilities |
6.9 |
7.3 |
5.5 |
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Total debts |
6.9 |
8.0 |
5.6 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
11.0 |
12.8 |
11.7 |
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Other fixed assets |
0.0 |
0.0 |
0.1 |
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Other financial assets |
0.4 |
0.8 |
1.4 |
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Total non-current assets |
0.4 |
0.8 |
1.5 |
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Net stocks and work in progress |
4.1 |
3.3 |
3.2 |
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Trade debtors |
5.0 |
5.9 |
2.8 |
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Other receivables |
0.1 |
0.7 |
0.2 |
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Prepaid expenses |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
1.4 |
2.1 |
4.0 |
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Total current assets |
10.6 |
12.0 |
10.2 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
11.0 |
12.8 |
11.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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30-Jun-2010 |
30-Jun-2009 |
30-Jun-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 |
0.816393 |
0.712936 |
0.634699 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.60 |
1.90 |
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Quick ratio |
0.90 |
1.20 |
1.30 |
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Total liabilities to net worth |
1.68% |
1.70% |
0.92% |
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Net worth to total assets |
0.37% |
0.37% |
0.52% |
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Collection period |
45.40 |
55.30 |
16.30 |
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Stock turnover rate |
8.10 |
9.80 |
16.70 |
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Asset turnover |
3.01% |
2.51% |
4.53% |
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Profit margin |
0.01% |
0.02% |
0.04% |
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Return on assets |
0.04% |
0.06% |
0.20% |
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Shareholders' return |
0.10% |
0.15% |
0.38% |
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Sales per employee |
35,472.40 |
25,032.77 |
36,813.82 |
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Profit per employee |
432.52 |
557.50 |
1,608.30 |
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Average wage per employee |
459.59 |
414.34 |
429.46 |
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Net worth |
4.1 |
4.7 |
6.1 |
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Number of employees |
5 |
6 |
6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.82 |
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1 |
Rs.75.48 |
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Euro |
1 |
Rs.66.10 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.