MIRA INFORM REPORT

 

 

Report Date :

09.02.2011

 

IDENTIFICATION DETAILS

 

Name :

ALIZE INTERNATIONAL

 

 

Registered Office :

1, Allee Francois Joseph Broussais, Vannes, 56000

 

 

Country :

France

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

15.03.1996

 

 

Com. Reg. No.:

404526683

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Wholesale of food, beverages and tobacco.

 

 

No. of Employees :

6

 

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

 

Status :

Satisfactory

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

1, Allee Francois Joseph Broussais

Vannes, 56000

France

Tel: +33 02 97 62 65 60

Fax: +33 02 97 62 65 61

 

 

Employees:

6

Company Type:

Private Independent

 

 

Incorporation Date:

15-Mar-1996

 

 

 

 

 

Fiscal Year End:

30-Jun-2010

Reporting Currency:

Euro

Annual Sales:

27.0

Total Assets:

9.0

 

 

 

 

 

 

 

Business Description

 

 

Alize International is primarily engaged in non-specialised wholesale of food, beverages and tobacco.

 

 

Industry

 

 

Industry

Food Processing

ANZSIC 2006:

3609 - Other Grocery Wholesaling

NACE 2002:

5139 - Non-specialised wholesale of food, beverages and tobacco

NAICS 2002:

424490 - Other Grocery and Related Products Merchant Wholesalers

UK SIC 2003:

5139 - Non-specialised wholesale of food, beverages and tobacco

US SIC 1987:

5142 - Packaged Frozen Foods

 

 

Registered No.(FRA)

 

404526683

 

 

 

 

 

Corporate Overview

 

Location

1, Allee Francois Joseph Broussais

Vannes, 56000

France

Tel: +33 02 97 62 65 60

Fax+33 02 97 62 65 61

 

Sales EUR(mil):

27.0

Assets EUR(mil):

9.0

Employees:

6

Fiscal Year End:

30-Jun-2010

 

Industry:

Food Processing

 

Incorporation Date:

15-Mar-1996

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(FRA):

404526683

 

President:

Christophe David

 

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

 

 

Industry Codes

 

 

ANZSIC 2006 Codes:

3609

-

Other Grocery Wholesaling

 

NACE 2002 Codes:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

NAICS 2002 Codes:

424490

-

Other Grocery and Related Products Merchant Wholesalers

 

US SIC 1987:

5142

-

Packaged Frozen Foods

 

UK SIC 2003:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

Business Description

 

 

Alize International is primarily engaged in non-specialised wholesale of food, beverages and tobacco.

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

27.0

Assets:

9.0

Current Assets:

8.6

 

Total Liabilities:

9.0

 

Issued Capital:

0.2

 

Net Worth:

3.4

 

 

 

Date of Financial Data:

30-Jun-2010

 

1 Year Growth

18.1%

NA

 

 

Subsidiaries

 

Company

Percentage Owned

Country

Alize

 

France

 

 

 

 

 

Key Corporate Relationships

 

Bank:

Hsbc Ccf, Banque Worms

 

 

 

 

Alize International

Vannes, , France, Tel: +33 02 97 62 65 60

Executives Report



 

Executives

 

Name

Title

Function

Christophe David

 

President

President

 

 

annual profit & loss

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

1

1

1

Consolidated

No

No

No

 

 

 

 

Total income

27.1

23.1

33.7

Net sales

27.0

22.9

33.7

Supplementary operating income

0.0

0.2

0.0

Other operating income

0.0

0.0

0.0

Other external charges

0.4

0.4

0.4

Cost of goods sold

26.3

21.4

30.5

Taxes and social security costs

0.1

0.1

0.1

Social charges

0.2

0.2

0.2

Total payroll costs

0.4

0.4

0.4

Cost of stock depreciation and amortisation

0.0

0.0

0.3

Fixed asset depreciation and amortisation

0.0

0.0

0.0

Other operating costs

0.0

0.0

0.0

Total operating costs

26.4

22.4

31.6

Net operating income

0.7

0.7

2.1

Total financial income

0.1

0.3

0.0

Interest payable on loans

0.1

0.1

0.2

Other expenses

0.4

0.3

0.5

Total expenses

0.5

0.4

0.7

Profit before tax

0.3

0.5

1.5

Extraordinary income

0.1

0.0

0.0

Extraordinary expenses

0.0

0.0

0.0

Extraordinary result

0.1

0.0

0.0

Total taxation

0.2

0.2

0.5

Net profit

0.3

0.3

1.0

 

Annual balance sheet

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Issued capital

0.2

0.2

0.2

Total reserves

2.9

2.9

2.7

Profits for the year

0.3

0.3

1.0

Total stockholders equity

3.4

3.4

3.8

Provisions and allowances

0.0

0.0

0.0

Trade creditors

3.7

3.7

2.9

Advances received

-

0.5

0.0

Bank loans and overdrafts

1.3

1.2

0.1

Current bank debts

1.3

1.2

0.0

Other loans

0.2

0.0

0.0

Other liabilities

0.2

0.1

0.2

Taxation and social security

0.2

0.2

0.3

Total current liabilities

5.6

5.2

3.5

Total debts

5.6

5.7

3.5

Regularisation account

0.0

0.0

0.0

Total liabilities (including net worth)

9.0

9.1

7.4

Other fixed assets

0.0

0.0

0.1

Other financial assets

0.3

0.6

0.9

Total non-current assets

0.3

0.6

0.9

Net stocks and work in progress

3.4

2.3

2.0

Trade debtors

4.0

4.2

1.8

Other receivables

0.1

0.5

0.2

Prepaid expenses

0.0

0.0

0.0

Cash and liquid assets

1.1

1.5

2.5

Total current assets

8.6

8.5

6.5

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

9.0

9.1

7.4

 

 

Annual ratios

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Current ratio

1.50

1.60

1.90

Quick ratio

0.90

1.20

1.30

Total liabilities to net worth

1.68%

1.70%

0.92%

Net worth to total assets

0.37%

0.37%

0.52%

Collection period

45.40

55.30

16.30

Stock turnover rate

8.10

9.80

16.70

Asset turnover

3.01%

2.51%

4.53%

Profit margin

0.01%

0.02%

0.04%

Return on assets

0.04%

0.06%

0.20%

Shareholders' return

0.10%

0.15%

0.38%

Sales per employee

35,472.40

25,032.77

36,813.82

Profit per employee

432.52

557.50

1,608.30

Average wage per employee

459.59

414.34

429.46

Net worth

3.4

3.4

3.8

Number of employees

5

6

6

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.06

UK Pound

1

Rs.78.08

Euro

1

Rs.65.15

 

 

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.