|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SENIOR ET CIE |
|
|
|
|
Registered Office : |
155 Rue Du Docteur Bauer, 155 A |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.07.1976 |
|
|
|
|
Com. Reg. No.: |
30009456200299 |
|
|
|
|
Legal Form : |
Simplified Joint Stock Company with Single Associate |
|
|
|
|
Line of Business : |
Sales through general catalog |
|
|
|
|
No. of Employees : |
203 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
France |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FRANCE - ECONOMIC OVERVIEW
The French economy is diversified across all sectors. The
government has partially or fully privatized many large companies, including
Air France, France Telecom, Renault, and Thales. However, the government
maintains a strong presence in some sectors, particularly power, public
transport, and defense industries. With at least 79 million foreign tourists
per year, France is the most visited country in the world and maintains the
third largest income in the world from tourism. France's leaders remain
committed to a capitalism in which they maintain social equity by means of
laws, tax policies, and social spending that reduce income disparity and the
impact of free markets on public health and welfare. France's real GDP
contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before
stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3%
in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012
in metropolitan France. Lower-than-expected growth and high unemployment costs
have strained France's public finances. The budget deficit rose sharply from
3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.8% of GDP in
2012, while France's public debt rose from 68% of GDP to 90% over the same
period. Under President SARKOZY, Paris implemented some austerity measures to
bring the budget deficit under the 3% euro-zone ceiling by 2013 and to
highlight France's commitment to fiscal discipline at a time of intense
financial market scrutiny of euro-zone debt. Socialist Party candidate Francois
HOLLANDE won the May 2012 presidential election, after advocating pro-growth
economic policies, the separation of banks' traditional deposit taking and
lending activities from more speculative businesses, increasing the top
corporate and personal tax rates, and hiring an additional 60,000 teachers
during his five-year term. The government's attempt to introduce a 75% wealth
tax on income over one million euros for two years was struck down by the
French Constitutional Council in December 2012 because it applied to
individuals rather than households. France ratified the EU fiscal stability
treaty in October 2012 and HOLLANDE's government has maintained France's
commitment to meeting the budget deficit target of 3% of GDP during 2013 even
amid signs that economic growth will be lower than the government's forecast of
0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs
declined during the second half of 2012 to euro-era lows.
|
Source
: CIA |
Company Name SENIOR ET CIE
Company Registration 30009456200299
Activity Code 4791A
Activity Description Sales through general catalog
Company Status Economically
active
Latest Turnover 58,589,494.00
(EUR)
Latest Shareholders Equity 9,538,100.00 (EUR)
Description Profit -
Before 2,197,432.00
Tax (EUR)
Activities
Activity Code 4791A
Activity Description Sales through general catalog
Company Name SENIOR ET CIE
Registered Company Name SENIOR & CIE
Company Registration Number 30009456200299
Country FR
VAT Registration Number FR23300094562
Date of Company Registration 01/07/1976
Date of Starting Operations 01/02/1982
Commercial Court Legal Form Simplified Joint
Stock Company with Single Associate
Type of Ownership Company Status Economically
active
Principal Activity Code 4791A
Principal Activity Description Sales through general catalog
Contact Address 155 RUE DU DOCTEUR
BAUER, 155 A
Contact Telephone Number 0149488080
159 93585 SAINT
OUEN CEDEX
Address 155 RUE DU DOCTEUR
BAUER, 155 A 159 93585 SAINT OUEN CEDEX
Country FR
Telephone 01 49 48 80 80
Other Addresses
Address 155 RUE DU DOCTEUR
BAUER, 155 A 159 93585 SAINT OUEN CEDEX
Country FR
Address SAINT OUEN, 93400
Country FR
Address BREUIL LE SEC, 60600
Country FR
Address NOGENT SUR OISE,
60180
Country FR
Address BREUIL LE SEC,
60840
Country FR
Address CAUFFRY, 60290
Country FR
Name B.B. DEVELOPPEMENT
Position President
Name B.B. DEVELOPPEMENT
Position President
Nominal Share Capital 3,725,630.00 (EUR)
Company Name Registration
Number Status Last Financials
1 HELIOS DEVELOPPEMENT 410046783
31/12/2003
2 B.B. DEVELOPPEMENT 533112652
3 SENIOR & CIE 300094562
31/12/2011
Year 2011
Number of Employees 203
Year 2010
Number of Employees 0
Year 2009
Number of Employees 0
Profit & Loss
Financial Year
2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 61,814,189.00 64,236,988.00 64,921,785.00
Operating Costs 64,361,919.00 65,506,554.00 65,437,715.00
Operating Profit -2,547,730.00 -1,269,566.00 -515,930.00
Wages & Salaries 5,670,417.00 5,749,599.00 6,462,814.00
Pension Costs 2,388,337.00 2,397,886.00 2,547,808.00
Depreciation 215,019.00 236,248.00 289,325.00
Financial Income 454,562.00 460,566.00 478,578.00
Financial Expenses 84,364.00 90,993.00
150,823.00
Extraordinary Income 165,187.00 70,829.00
39,129.00
Extraordinary Costs 185,087.00 184,440.00 210,053.00
Profit Before Tax -2,197,432.00 -1,013,605.00 -359,101.00
Tax -1,072.00 -3,296.00 -16,837.00
Profit After Tax -2,196,360.00 -1,010,309.00 -342,264.00
Dividends 0.00 0.00 0.00
Retained Profit -2,196,360.00 -1,010,309.00 -342,264.00
Balance Sheet
Financial Year
2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 0.00 0.00 0.00
Plant & Machinery 120,645.00 144,440.00 107,347.00
Other Tangible
Assets 621,609.00 783,291.00 858,912.00
Total Tangible Assets 742,254.00 927,731.00 966,259.00
Goodwill 0.00 0.00 0.00
Other Intangible
Assets 49,002.00 27,748.00
44,713.00
Total Intangible
Assets 49,002.00 27,748.00
44,713.00
Investments 0.00 0.00 0.00
Loans to Group 0.00 0.00 0.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed Assets 28,766.00 161,033.00 161,032.00
Total Other Fixed Assets 28,766.00 161,033.00 161,032.00
Total Fixed Assets 820,022.00 1,116,512.00 1,172,004.00
Raw Materials
80,369.00 117,334.00 178,220.00
Work in Progress
0.00 0.00 0.00
Finished Goods 0.00 0.00 0.00
Other Inventories 7,635,402.00 8,436,353.00 7,448,664.00
Total Inventories
7,715,771.00 8,553,687.00 7,626,884.00
Trade Receivables
5,068,420.00 5,311,132.00 5,334,615.00
Miscellaneous Receivables 1,055,597.00 1,488,918.00 1,234,806.00
Total Receivables 6,124,017.00 6,800,050.00 6,569,421.00
Cash 1,008,887.00 721,139.00 646,325.00
Other Current Assets
6,382,461.00 53,304.00 22,061.00
Total Current Assets 21,231,136.00 16,128,180.00 14,864,691.00
Total Assets 22,051,158.00 17,244,692.00 16,036,695.00
Trade Payables
5,907,716.00 7,813,082.00 5,956,739.00
Bank Liabilities
495,991.00 528,785.00 360,886.00
Other Loans/Finance 5,387.00 3,625,960.00 2,031,079.00
Miscellaneous Liabilities 4,299,932.00 4,606,695.00 6,137,308.00
Total Current Liabilities
10,709,026.00 16,574,522.00 14,486,012.00
Bank Liabilities due after
1 year 0.00 0.00 0.00
Other Loans/Finance
due
after 1 year 0.00 0.00 0.00
Miscellaneous Liabilities
due after 1 year
1,804,032.00 1,527,825.00 1,387,416.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.