MIRA
INFORM REPORT
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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ZV |
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Registered Office : |
55/57 rue Saint |
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Country : |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
15.08.1997 |
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Com. Reg. No.: |
413484981 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Retail sale of clothing |
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No. of Employees : |
450 |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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France
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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
ZV France SAS
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Business Description
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Zv France is primarily engaged in retail sale of adults’ fur and
leather clothing; retail sale of children’s and infants’ clothing; retail
sale of other women’s clothing; and retail sale of footwear and leather
goods. |
Industry
|
Industry |
Retail (Apparel) |
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ANZSIC 2006: |
4251 - Clothing Retailing |
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NACE 2002: |
5242 - Retail sale of clothing |
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NAICS 2002: |
448120 - Women's Clothing Stores |
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UK SIC 2003: |
52423 - Retail sale of other women's
clothing |
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US SIC 1987: |
5621 - Women's Clothing Stores |
Key Executives
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News
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1 - Profit & Loss
Item Exchange Rate: USD 1 = EUR 0.7275896
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6958942
Corporate Overview
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Corporate Structure News
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Total Corporate
Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Paris |
France |
Retail (Specialty) |
2.2 |
1 |
|
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Subsidiary |
Paris |
France |
Retail (Apparel) |
118.6 |
450 |
Executives Report
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Annual Profit & Loss
|
|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.72759 |
0.727556 |
0.737573 |
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Consolidated |
No |
No |
No |
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Total income |
120.2 |
107.6 |
91.5 |
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Net sales |
118.6 |
106.0 |
89.8 |
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Subsidies for operating costs |
0.1 |
0.1 |
0.8 |
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Supplementary operating income |
1.0 |
0.9 |
0.9 |
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Other operating income |
0.5 |
0.6 |
0.1 |
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Other external charges |
22.7 |
18.9 |
15.6 |
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Cost of goods sold |
40.2 |
33.6 |
30.4 |
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Taxes and social security costs |
2.2 |
1.9 |
1.5 |
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Social charges |
7.3 |
6.0 |
5.5 |
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Total payroll costs |
19.0 |
15.3 |
14.0 |
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Cost of stock depreciation and amortisation |
1.7 |
0.9 |
0.7 |
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Fixed asset depreciation and amortisation |
3.8 |
2.9 |
2.4 |
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Other operating costs |
9.7 |
8.8 |
7.1 |
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Total operating costs |
102.0 |
85.1 |
73.8 |
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Net operating income |
18.2 |
22.5 |
17.7 |
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Total financial income |
1.4 |
0.7 |
2.5 |
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Interest payable on loans |
0.6 |
0.4 |
0.5 |
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Other expenses |
0.5 |
0.5 |
0.2 |
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Total expenses |
1.0 |
1.0 |
0.7 |
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Profit before tax |
18.6 |
22.3 |
19.5 |
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Extraordinary income |
0.9 |
0.7 |
1.7 |
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Extraordinary expenses |
1.5 |
0.5 |
1.7 |
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Extraordinary result |
- |
0.2 |
- |
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Total taxation |
5.4 |
7.0 |
6.2 |
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Profit distributed to employees |
1.6 |
1.9 |
1.7 |
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Net profit |
11.0 |
13.5 |
11.5 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.695894 |
0.767578 |
0.705343 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.4 |
0.3 |
0.4 |
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Total reserves |
35.9 |
27.6 |
18.0 |
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Profits for the year |
11.6 |
12.8 |
12.1 |
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Profit brought forward from previous year(s) |
8.7 |
7.9 |
8.6 |
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Total stockholders equity |
56.5 |
48.6 |
39.0 |
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Provisions and allowances |
1.5 |
0.6 |
0.4 |
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Trade creditors |
15.2 |
8.1 |
6.4 |
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Advances received |
0.0 |
0.0 |
- |
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Bank loans and overdrafts |
13.9 |
10.2 |
10.2 |
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Current bank debts |
1.6 |
0.5 |
0.2 |
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Other loans |
4.5 |
0.0 |
0.0 |
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Other liabilities |
0.5 |
0.5 |
0.7 |
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Debts on fixed assets |
0.4 |
- |
- |
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Income stated in advance |
- |
- |
0.7 |
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Taxation and social security |
12.1 |
8.1 |
9.6 |
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Total current liabilities |
38.4 |
20.6 |
21.1 |
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Total debts |
46.7 |
26.9 |
27.7 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
104.8 |
76.2 |
67.1 |
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Patents |
0.0 |
0.1 |
0.1 |
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Goodwill |
10.7 |
9.6 |
8.4 |
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Other intangibles |
0.2 |
- |
- |
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Other fixed assets |
14.5 |
10.9 |
11.1 |
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Long-term investments |
3.5 |
0.9 |
0.8 |
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Other financial assets |
5.9 |
4.1 |
3.5 |
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Total non-current assets |
34.7 |
25.7 |
23.9 |
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Net stocks and work in progress |
21.0 |
14.8 |
12.8 |
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Trade debtors |
7.5 |
7.1 |
9.3 |
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Other receivables |
18.7 |
4.9 |
7.1 |
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Prepaid expenses |
4.1 |
2.9 |
1.9 |
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Cash and liquid assets |
7.5 |
9.0 |
5.5 |
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Marketable securities |
11.3 |
11.7 |
6.5 |
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Total current assets |
70.1 |
50.4 |
43.2 |
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Prepaid expenses and deferred costs |
0.0 |
0.1 |
0.0 |
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Total assets |
104.8 |
76.2 |
67.1 |
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Annual Ratios |
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Financials in:
USD (mil) |
|
|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.695894 |
0.767578 |
0.705343 |
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Consolidated |
No |
No |
No |
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|
|
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Current ratio |
1.80 |
2.40 |
2.00 |
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Quick ratio |
1.30 |
1.70 |
1.40 |
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Total liabilities to net worth |
1.02% |
0.69% |
0.91% |
|
Net worth to total assets |
0.44% |
0.51% |
0.45% |
|
Collection period |
18.50 |
21.30 |
30.20 |
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Stock turnover rate |
5.90 |
6.80 |
7.30 |
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Asset turnover |
1.18% |
1.32% |
1.40% |
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Profit margin |
0.16% |
0.21% |
0.22% |
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Return on assets |
0.19% |
0.28% |
0.30% |
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Shareholders' return |
0.43% |
0.54% |
0.67% |
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Sales per employee |
- |
1,123.98 |
1,086.01 |
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Profit per employee |
- |
236.05 |
236.40 |
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Average wage per employee |
- |
162.52 |
169.72 |
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Net worth |
56.5 |
48.6 |
39.0 |
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Number of employees |
- |
450 |
400 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.81 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
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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 |
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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 |
|
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.