MIRA INFORM REPORT

 

 

Report Date :

14.08.2012

 

IDENTIFICATION DETAILS

 

Name :

COMPAGNIE COMMERCIALE ET INDUSTRIELLE

 

 

Registered Office :

1 Rue Maximilien Robespierre, Za Le Terminal, Noisy Le Sec, 93130

 

 

Country :

France

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.04.1989

 

 

Com. Reg. No.:

350860102

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

wholesale of gramophone, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified

 

 

No. of Employees :

47

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

France

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Compagnie Commerciale Et Industrielle

1 Rue Maximilien Robespierre

Za Le Terminal

Noisy Le Sec, 93130

France

Tel:       +33 01 48 10 64 64

Fax:      +33 01 48 44 50 67

 

 

Synthesis

 

Employees:                  47

Company Type:            Public Independent

Incorporation Date:         15-Apr-1989     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               60.8

Total Assets:                28.3

 

 

Business Description     

 

Compagnie Commerciale Et Industrielle is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.

 

Industry             

Industry            Appliance and Tool

ANZSIC 2006:    3494 - Other Electrical and Electronic Goods Wholesaling

NACE 2002:      5143 - Wholesale of electrical household appliances and radio and television goods

NAICS 2002:     4236 - Electrical and Electronic Goods Merchant Wholesalers

UK SIC 2003:    5143 - Wholesale of electrical household appliances and radio and television goods

US SIC 1987:    5087 - Service Establishment Equipment and Supplies

 

 

Key Executives

 

 

Name

Title

Denis Picquenot

Marketing director

Renaud Blavignac

Director

Stephane Guez

Director

Sandrine Herlin

Director

Philippe Desbois

Commercial director

Registered No.(FRA):     350860102

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

1 Rue Maximilien Robespierre

Za Le Terminal

Noisy Le Sec, 93130

France

Tel:       +33 01 48 10 64 64

Fax:      +33 01 48 44 50 67

           

Sales EUR(mil):             45.9

Assets EUR(mil):           21.1

Employees:                   47

Fiscal Year End:                        31-Dec-2010

Industry:                                    Appliance and Tool

Incorporation Date:         15-Apr-1989

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(FRA):     350860102

Director:                        Renaud Blavignac

 

Industry Codes

ANZSIC 2006 Codes:

3494     -          Other Electrical and Electronic Goods Wholesaling

 

NACE 2002 Codes:

5143     -          Wholesale of electrical household appliances and radio and television goods

 

NAICS 2002 Codes:

4236     -          Electrical and Electronic Goods Merchant Wholesalers

 

US SIC 1987:

5087     -          Service Establishment Equipment and Supplies

 

UK SIC 2003:

5143     -          Wholesale of electrical household appliances and radio and television goods

 

Business Description

Compagnie Commerciale Et Industrielle is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.

 

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

45.9

Assets:

21.1

Current Assets:

15.9

 

Total Liabilities:

21.1

 

Issued Capital:

1.5

 

Net Worth:

10.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

15.2%

NA

Subsidiaries

Company

Percentage Owned

Country

D.P.M Holding

 

France

 

 

 

Key Corporate Relationships

Bank:

Bnp Paribas, Societe Generale

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Renaud Blavignac

 

Director

Administration Executive

 

Stephane Guez

 

Director

Administration Executive

 

Sandrine Herlin

 

Director

Administration Executive

 

Denis Picquenot

 

Marketing director

Marketing Executive

 

Philippe Desbois

 

Commercial director

Commercial Executive

 

 

 

Annual profit & loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.730637

Consolidated

No

No

No

 

 

 

 

Total income

61.0

56.9

74.2

Net sales

60.8

55.5

72.3

Change in stock

-

3.8

4.8

Supplementary operating income

0.1

1.4

1.9

Other operating income

0.1

0.0

0.0

Other external charges

9.3

8.0

9.7

Cost of goods sold

49.3

38.8

52.1

Taxes and social security costs

0.4

0.5

0.5

Social charges

1.2

1.6

1.3

Total payroll costs

2.9

2.9

2.9

Cost of stock depreciation and amortisation

0.6

0.9

1.7

Fixed asset depreciation and amortisation

0.0

0.1

0.1

Other operating costs

0.3

0.1

0.1

Total operating costs

59.8

56.7

73.2

Net operating income

1.2

0.2

1.1

Total financial income

0.9

1.9

1.4

Interest payable on loans

0.1

0.1

0.2

Other expenses

0.2

1.1

0.4

Total expenses

0.3

1.2

0.6

Profit before tax

1.8

0.8

1.9

Extraordinary income

0.0

0.0

0.1

Extraordinary expenses

0.4

0.2

0.0

Extraordinary result

-

-

0.1

Total taxation

0.4

0.2

0.5

Net profit

1.0

0.4

1.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.683971

Consolidated

No

No

No

Issued capital

2.0

2.2

2.2

Total reserves

0.2

0.2

0.2

Profits for the year

1.0

0.5

1.5

Profit brought forward from previous year(s)

11.3

11.6

9.6

Total stockholders equity

14.5

14.4

13.6

Provisions and allowances

1.7

1.6

2.5

Trade creditors

5.6

8.1

11.0

Advances received

1.8

1.4

3.0

Bank loans and overdrafts

3.2

3.2

4.6

Current bank debts

3.0

2.8

4.2

Other loans

0.5

0.5

0.0

Other liabilities

0.0

0.0

0.0

Taxation and social security

1.1

1.1

1.1

Total current liabilities

10.2

12.5

16.7

Total debts

12.1

14.4

19.6

Regularisation account

0.1

0.0

0.0

Total liabilities (including net worth)

28.3

30.4

35.7

Patents

0.0

0.0

0.0

Buildings

0.0

0.0

0.0

Other fixed assets

0.1

0.1

0.1

Long-term investments

3.3

3.1

2.7

Other financial assets

3.4

3.4

0.3

Total non-current assets

6.8

6.6

3.1

Prepayments

1.5

0.8

4.4

Net stocks and work in progress

10.8

7.4

12.0

Trade debtors

7.0

13.1

11.1

Other receivables

1.0

0.9

4.0

Prepaid expenses

0.0

0.0

0.0

Cash and liquid assets

0.9

1.4

1.1

Total current assets

21.3

23.6

32.6

Prepaid expenses and deferred costs

0.2

0.2

0.0

Total assets

28.3

30.4

35.7

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.683971

Consolidated

No

No

No

 

 

 

 

Current ratio

2.10

1.90

2.00

Quick ratio

1.00

1.30

1.20

Total liabilities to net worth

0.85%

1.01%

1.45%

Net worth to total assets

0.50%

0.47%

0.38%

Collection period

34.40

69.60

43.80

Stock turnover rate

5.70

7.70

6.40

Asset turnover

2.17%

1.88%

2.16%

Profit margin

0.03%

0.02%

0.03%

Return on assets

0.06%

0.03%

0.06%

Shareholders' return

0.13%

0.06%

0.15%

Sales per employee

6,411.95

5,564.69

7,374.92

Profit per employee

188.06

82.95

189.63

Average wage per employee

306.23

293.24

296.25

Net worth

14.5

14.4

13.6

Number of employees

47

47

47

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.78

Euro

1

Rs.68.03

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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.