MIRA INFORM REPORT

 

 

Report Date :

28.07.2012

 

IDENTIFICATION DETAILS

 

Name :

WANLY

 

 

Registered Office :

9 Rue Eugene Henaff, Vitry Sur Seine, 94400

 

 

Country :

France

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.03.1989

 

 

Com. Reg. No.:

350351763

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Subject is engaged in non-specialised wholesale of food, beverages and tobacco

 

 

No. of Employees :

22

 

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

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 

 

Wanly

9 Rue Eugene Henaff

Vitry Sur Seine, 94400

France

 

Tel:       +33 01 46 80 79 00

Fax:      +33 01 46 82 36 14

 

 

Synthesis     

 

Employees:                  22

Company Type:             Public Independent

Incorporation Date:         15-Mar-1989    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               14.8

Total Assets:                 6.6

 

 

Business Description     

 

Wanly 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

 

           

Key Executives   

 

Name                Title     

Ky Loi               Director


News   

 

Title

Date

Who will crash if F-35 program goes down?
Winnipeg Free Press (Canada) (811 Words)

21-Feb-2012

Another great Hollywood rip-off
Daily Telegraph (UK) (169 Words)

16-Nov-2011

Is your high street boarded up? Blame yourself for shopping online
Observer (UK) (1111 Words)

11-Sep-2011

Film & Music: Film reviews: The Art of Getting By 1/5 Director: Gavin Wiesen With: Freddie Highmore, Emma Roberts, Sasha Spielberg 83 mins, cert 12A
Guardian (UK) (139 Words)

2-Sep-2011

 

Registered No.(FRA):     350351763

 

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

9 Rue Eugene Henaff

Vitry Sur Seine, 94400

France

Tel:       +33 01 46 80 79 00

Fax:      +33 01 46 82 36 14

           

Sales EUR(mil):             11.2

Assets EUR(mil):           4.9

Employees:                   22

Fiscal Year End:            31-Dec-2010

Industry:                        Food Processing

Incorporation Date:         15-Mar-1989

Company Type:             Public Independent

Quoted Status:              Not Quoted

Registered No.(FRA):     350351763

Director:                        Ky Loi

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

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

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

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

11.2

Assets:

4.9

Current Assets:

4.7

 

Total Liabilities:

4.9

 

Issued Capital:

0.2

 

Net Worth:

2.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

14.6%

NA

 

Key Corporate Relationships

Bank:

Banque Worms, Banque Francaise Du Commerce Exterieur, Credit Agricole

 

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Ky Loi

 

Director

Administration Executive

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

14.9

13.7

14.2

Net sales

14.8

13.6

14.0

Change in stock

-

0.3

0.2

Supplementary operating income

0.1

0.1

0.2

Other external charges

0.8

0.8

0.8

Cost of goods sold

12.5

10.7

11.1

Taxes and social security costs

0.1

0.2

0.2

Social charges

0.5

0.4

0.5

Total payroll costs

1.0

1.0

1.0

Cost of stock depreciation and amortisation

0.0

0.0

0.0

Fixed asset depreciation and amortisation

0.0

0.1

0.1

Other operating costs

-

0.0

0.0

Total operating costs

14.5

13.5

13.8

Net operating income

0.5

0.2

0.4

Total financial income

0.0

0.0

0.0

Interest payable on loans

0.0

0.0

0.0

Other expenses

0.0

0.0

0.0

Total expenses

0.0

0.0

0.0

Profit before tax

0.5

0.2

0.4

Extraordinary income

0.0

0.0

0.0

Extraordinary expenses

0.2

0.0

0.0

Extraordinary result

-

0.0

-

Total taxation

0.1

0.1

0.1

Net profit

0.2

0.1

0.2

 

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

 

 

 

 

Issued capital

0.2

0.2

0.2

Legal reserves

0.3

0.1

0.1

Total reserves

3.0

3.2

3.0

Profits for the year

0.2

0.1

0.2

Profit brought forward from previous year(s)

0.0

0.1

0.1

Total stockholders equity

3.7

3.7

3.6

Provisions and allowances

0.0

-

-

Trade creditors

1.9

1.6

1.1

Advances received

0.0

0.0

0.0

Bank loans and overdrafts

0.2

0.0

0.0

Other liabilities

0.3

0.3

0.2

Taxation and social security

0.5

0.5

0.4

Total current liabilities

2.8

2.3

1.8

Total debts

2.9

2.3

1.8

Regularisation account

0.0

0.0

0.0

Total liabilities (including net worth)

6.6

6.0

5.4

Goodwill

0.1

0.1

0.1

Buildings

-

0.0

0.0

Other fixed assets

0.2

0.1

0.1

Other financial assets

0.0

0.0

0.0

Total non-current assets

0.3

0.2

0.3

Prepayments

0.1

0.1

-

Net stocks and work in progress

2.5

2.1

2.4

Trade debtors

2.2

2.1

2.0

Other receivables

0.1

0.1

0.1

Prepaid expenses

0.8

0.6

0.0

Cash and liquid assets

0.6

0.5

0.6

Marketable securities

-

0.3

0.1

Total current assets

6.3

5.8

5.1

Prepaid expenses and deferred costs

0.0

-

-

Total assets

6.6

6.0

5.4

 

 

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

2.30

2.50

2.90

Quick ratio

1.30

1.60

1.60

Total liabilities to net worth

0.81%

0.65%

0.50%

Net worth to total assets

0.54%

0.60%

0.65%

Collection period

44.40

46.30

45.40

Stock turnover rate

5.90

6.70

5.60

Asset turnover

2.27%

2.32%

2.46%

Profit margin

0.03%

0.01%

0.03%

Return on assets

0.07%

0.03%

0.06%

Shareholders' return

0.13%

0.05%

0.10%

Sales per employee

3,343.05

2,917.08

3,128.24

Profit per employee

101.50

36.67

79.40

Average wage per employee

234.37

218.89

223.52

Net worth

3.7

3.7

3.6

Number of employees

22

22

20

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.93

Euro

1

Rs.68.10

 

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.