MIRA
INFORM REPORT
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Report Date : |
06.07.2012 |
IDENTIFICATION DETAILS
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Name : |
DECATHLON SA |
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Registered Office : |
4 Boulevard De |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1977 |
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Com. Reg. No.: |
306138900 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
retail sale
of floor coverings |
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No. of Employees : |
3,991 |
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 : |
Good |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
France |
A2 |
A2 |
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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 & address
Decathlon SA
4 boulevard de Mons
BP 299
Villeneuve d'Ascq,
France
Tel: +33 03 20 33 50 00
Fax: +33 03 20 33 52 50
Web: www.oxylane.com
Registration data
Employees: 3,991
Company Type: Public
Parent
Corporate Family: 31
Companies
Incorporation Date: 15-Jan-1977
Financials in: usd (Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 4,401.4
Total Assets: 3,640.2
Business Description
Decathlon is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 3712 - Clothing
and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 424320 - Men's and
Boys' Clothing and Furnishings Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
US SIC 1987: 5136 - Men's and
Boy's Clothing and Furnishings
Key Executives
|
Name |
Title |
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Yves Claude |
Chief Executive Officer |
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Hughes Delpire |
Accounts manager |
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Thibaut Vandenberghe |
EDP manager |
|
Olivier Bonnet |
Commercial director, Purchase manager |
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Patrick Carmagnolle |
Directeur Technique |
News
|
Title |
Date |
|
Coach sitting on top of world |
4-Jul-2012 |
|
Kings play it cool regarding free agent
Zach Parise |
2-Jul-2012 |
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BRIGHTON EAST Our smartest aim for the top |
2-Jul-2012 |
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USPTO ISSUES TRADEMARK: B'TWIN |
2-Jul-2012 |
|
DemiDec Dan is a legend in Academic Decathlon's
rarefied world |
1-Jul-2012 |
Registered No.(FRA): 306138900
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
4 boulevard de Mons
BP 299
Villeneuve d'Ascq, France
Tel: +33 03 20 33 50 00
Fax: +33 03 20 33 52 50
Web: www.oxylane.com
Sales EUR(mil): 3,323.4
Assets EUR(mil): 2,713.5
Employees: 3,991
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Incorporation Date: 15-Jan-1977
Company Type: Public Parent
Quoted Status: Not
Quoted
Registered No.(FRA): 306138900
Chief Executive Officer: Yves
Claude
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3712 - Clothing and Footwear Wholesaling
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
424330 - Women's, Children's, and Infants' Clothing and Accessories
Merchant Wholesalers
424320 - Men's and Boys' Clothing and Furnishings Merchant
Wholesalers
US SIC 1987:
5136 - Men's and Boy's Clothing and Furnishings
5137 - Women's, Children's, and Infants' Clothing and Accessories
UK SIC 2003:
5142 - Wholesale of clothing and footwear
Business
Description
Retail trade in sports and leisure equipment and clothes
More Business
Descriptions
Decathlon is
primarily engaged in retail sale of floor coverings; retail sale of photographic,
optical and precision equipment, office supplies and equipment (including
computers); retail sale of jewellery, clocks and watches; retail sale of sports
goods, games and toys, stamps and coins; retail sale in commercial art
galleries; retail sale by opticians; retail sale of mobile telephones; and
other retail sale in specialised stores not elsewhere classified.
Sporting Goods Stores
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Corporate
Family |
Corporate
Structure News: |
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Decathlon SA |
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Decathlon SA |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Villeneuve d'Ascq |
France |
Apparel and Accessories |
4,401.4 |
3,991 |
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|
Subsidiary |
Villeneuve D Ascq |
France |
Retail (Specialty) |
3,666.5 |
14,750 |
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Branch |
Bron, Rhone |
France |
Retail (Specialty) |
|
200 |
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Subsidiary |
San Sebastian De Los Reyes, Madrid |
Spain |
Retail (Specialty) |
1,765.4 |
13,664 |
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Subsidiary |
Milano, MI |
Italy |
Recreational Products |
1,044.6 |
6,092 |
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Subsidiary |
Antwerpen |
Belgium |
Retail (Specialty) |
289.1 |
1,505 |
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|
Subsidiary |
Warszawa |
Poland |
Retail (Specialty) |
163.5 |
1,110 |
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|
SPDAD -
Sociedade Portuguesa de ProduĂ§Ă£o e DistribuiĂ§Ă£o de Artigos de Desporto
Lda |
Subsidiary |
Amadora |
Portugal |
Retail (Specialty) |
297.3 |
845 |
|
Tizproba
Magyarorszag Kereskedelmi Korlatolt Felelossegu Tarsasag |
Subsidiary |
Budaors |
Hungary |
Retail (Specialty) |
76.7 |
478 |
|
Subsidiary |
Mytishchi |
Russian Federation |
Construction Services |
62.3 |
230 |
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Subsidiary |
Bron |
France |
Retail (Specialty) |
61.5 |
224 |
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Subsidiary |
Aubagne |
France |
Retail (Specialty) |
26.4 |
149 |
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Subsidiary |
Villeneuve D Ascq |
France |
Apparel and Accessories |
1,227.4 |
97 |
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Subsidiary |
Seclin |
France |
Retail (Specialty) |
26.0 |
74 |
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|
Subsidiary |
Taichung City |
Taiwan |
Recreational Products |
|
70 |
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Subsidiary |
Milano, Milano |
Italy |
Recreational Products |
267.6 |
60 |
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Subsidiary |
Villeneuve D Ascq |
France |
Recreational Products |
12.0 |
34 |
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Subsidiary |
Gannat |
France |
Retail (Catalog and Mail Order) |
9.7 |
34 |
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Subsidiary |
Les Houches |
France |
Recreational Products |
4.0 |
34 |
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DECATHLON
Sportartikel Gesellschaft mit beschränkter Haftung und Co. KG. |
Subsidiary |
Plochingen, Baden-WĂ¼rttemberg |
Germany |
Recreational Products |
|
22 |
|
Subsidiary |
Plochingen, Baden-WĂ¼rttemberg |
Germany |
Recreational Products |
156.1 |
801 |
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Subsidiary |
Plochingen, Baden-WĂ¼rttemberg |
Germany |
Construction Services |
|
2 |
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Subsidiary |
Villeneuve D Ascq |
France |
Retail (Specialty) |
2.2 |
14 |
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Subsidiary |
Villeneuve D Ascq |
France |
Miscellaneous Financial Services |
1.6 |
7 |
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Subsidiary |
Milano, Milano |
Italy |
Business Services |
13.7 |
1 |
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Subsidiary |
Milano, Milano |
Italy |
Business Services |
2.9 |
1 |
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Subsidiary |
Villeneuve D Ascq |
France |
Business Services |
4.9 |
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Subsidiary |
Bron |
France |
Retail (Specialty) |
3.5 |
34 |
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Subsidiary |
Velizy Villacoublay |
France |
Retail (Specialty) |
8.3 |
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Subsidiary |
Singapore |
Singapore |
Computer Services |
1.5 |
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Subsidiary |
Villeneuve D Ascq |
France |
Miscellaneous Financial Services |
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Executive report
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Board of
Directors |
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President of the conseil de surveillance |
Chairman |
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Executives |
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Chief Executive Officer |
Chief Executive Officer |
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General Manager |
Division Head Executive |
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General Manager |
Division Head Executive |
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Accounts manager |
Sales Executive |
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Directeur-Communications |
Corporate Communications Executive |
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EDP manager |
Information Executive |
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Directeur Technique |
Engineering/Technical Executive |
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Commercial director, Purchase manager |
Commercial Executive |
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Directeur-Production ( Marque ) |
Manufacturing Executive |
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Directeur-Qualite |
Quality Executive |
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Annual Profit & Loss
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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
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
5,259.0 |
4,894.6 |
4,945.8 |
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Net sales |
4,401.4 |
4,199.2 |
4,156.3 |
|
Change in stock |
- |
28.4 |
- |
|
Subsidies for operating costs |
1.1 |
0.6 |
1.1 |
|
Supplementary operating income |
17.7 |
24.7 |
10.4 |
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Other operating income |
838.7 |
670.0 |
778.0 |
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Other external charges |
544.3 |
510.8 |
522.8 |
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Cost of goods sold |
4,127.0 |
3,761.3 |
3,890.8 |
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Taxes and social security costs |
37.3 |
30.0 |
28.0 |
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Social charges |
99.0 |
96.9 |
85.6 |
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Total payroll costs |
189.8 |
179.7 |
168.1 |
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Cost of stock depreciation and
amortisation |
26.0 |
38.2 |
30.8 |
|
Fixed asset depreciation and amortisation |
25.3 |
22.8 |
21.0 |
|
Other operating costs |
126.1 |
21.6 |
95.8 |
|
Total operating
costs |
5,040.6 |
4,689.7 |
4,754.5 |
|
Net operating
income |
218.4 |
204.9 |
191.3 |
|
Joint venture results |
6.5 |
32.0 |
23.1 |
|
Total financial
income |
552.4 |
273.2 |
108.0 |
|
Interest payable on loans |
28.5 |
62.2 |
29.2 |
|
Other expenses |
150.4 |
85.3 |
75.9 |
|
Total expenses |
178.9 |
147.4 |
105.1 |
|
Profit before tax |
589.9 |
353.1 |
180.4 |
|
Extraordinary income |
19.5 |
71.9 |
57.2 |
|
Extraordinary expenses |
39.8 |
39.4 |
70.9 |
|
Extraordinary result |
- |
32.4 |
- |
|
Total taxation |
41.4 |
50.8 |
54.5 |
|
Profit distributed to employees |
20.0 |
19.8 |
21.7 |
|
Net profit |
508.1 |
315.0 |
90.5 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
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|
|
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Issued capital |
13.7 |
14.6 |
14.2 |
|
Share premium account |
109.8 |
117.4 |
113.8 |
|
Legal reserves |
88.9 |
77.5 |
58.8 |
|
Total reserves |
788.9 |
518.8 |
513.3 |
|
Profits for the year |
514.7 |
324.9 |
86.0 |
|
Profit brought forward from previous
year(s) |
- |
0.3 |
0.7 |
|
Capital subsidies and grants |
- |
0.0 |
0.0 |
|
Total
stockholders equity |
1,515.2 |
1,053.7 |
786.7 |
|
Provisions and allowances |
113.1 |
109.6 |
119.4 |
|
Trade creditors |
787.1 |
681.2 |
596.3 |
|
Advances received |
0.1 |
0.2 |
0.2 |
|
Bank loans and overdrafts |
12.2 |
236.3 |
153.5 |
|
Other loans |
432.5 |
384.1 |
514.8 |
|
Other liabilities |
561.7 |
543.3 |
399.7 |
|
Debts on fixed assets |
12.1 |
7.2 |
10.4 |
|
Income stated in advance |
1.9 |
0.7 |
0.8 |
|
Taxation and social security |
202.2 |
138.8 |
186.7 |
|
Total current
liabilities |
1,909.1 |
1,805.1 |
- |
|
Total debts |
2,009.8 |
1,991.8 |
1,862.4 |
|
Regularisation account |
2.2 |
0.0 |
10.2 |
|
Total
liabilities (including net worth) |
3,640.2 |
3,155.0 |
2,778.7 |
|
Patents |
6.8 |
5.8 |
6.7 |
|
Goodwill |
0.7 |
0.7 |
0.0 |
|
Other intangibles |
4.2 |
4.1 |
3.9 |
|
Land |
14.3 |
11.0 |
8.1 |
|
Buildings |
90.8 |
78.1 |
64.0 |
|
Other fixed assets |
70.6 |
99.8 |
38.9 |
|
Long-term investments |
678.8 |
688.0 |
617.9 |
|
Other financial assets |
113.7 |
81.1 |
3.3 |
|
Total
non-current assets |
979.8 |
968.7 |
742.9 |
|
Prepayments |
72.8 |
20.3 |
26.9 |
|
Net stocks and work in progress |
690.5 |
595.5 |
612.6 |
|
Trade debtors |
1,308.1 |
1,064.2 |
1,029.8 |
|
Other receivables |
343.8 |
284.1 |
166.3 |
|
Prepaid expenses |
8.2 |
16.7 |
14.2 |
|
Cash and liquid assets |
69.0 |
36.9 |
75.9 |
|
Marketable securities |
162.6 |
158.5 |
104.6 |
|
Total current
assets |
2,655.1 |
2,176.2 |
2,030.3 |
|
Prepaid expenses and deferred costs |
5.4 |
10.2 |
5.5 |
|
Total assets |
3,640.2 |
3,155.0 |
2,778.7 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.40 |
1.20 |
- |
|
Quick ratio |
1.00 |
0.90 |
- |
|
Total liabilities to net worth |
1.34% |
1.93% |
2.42% |
|
Net worth to total assets |
0.41% |
0.33% |
0.28% |
|
Collection period |
89.10 |
74.60 |
79.10 |
|
Stock turnover rate |
6.50 |
7.30 |
6.40 |
|
Asset turnover |
1.23% |
1.37% |
1.42% |
|
Profit margin |
0.13% |
0.08% |
0.04% |
|
Return on assets |
0.16% |
0.12% |
0.06% |
|
Shareholders' return |
0.40% |
0.35% |
0.22% |
|
Sales per employee |
5,462.35 |
5,172.71 |
- |
|
Profit per employee |
732.07 |
434.96 |
- |
|
Average wage per employee |
235.57 |
221.33 |
- |
|
Net worth |
1,515.2 |
1,053.7 |
786.7 |
|
Number of employees |
3,991 |
3,829 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.03 |
|
UK Pound |
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.68.97 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.