MIRA
INFORM REPORT
|
Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANDRO ANDY |
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Registered Office : |
61 Rue De Turenne Paris, 75003 |
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Country : |
France |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.04.1980 |
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Com. Reg. No.: |
319427316 |
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Legal Form : |
Private Parent |
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Line of Business : |
Subject is engaged in manufacture of other men’s
outerwear; and manufacture of other women outerwear. |
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No. of Employees : |
96 |
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 |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
France |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 4.5% of GDP in
2012, while France's public debt rose from 68% of GDP to 89% 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 and address
SANDRO
ANDY
|
61 Rue De Turenne Paris, 75003 France
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Business Description
Sandro Andy is primarily engaged in manufacture of other
men’s outerwear; and manufacture of other women’s outerwear.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
|
Rebeca Evelyne Chetrite |
President |
|
Frederic Biousse |
General manager |
|
Karine Danne |
Director |
|
Remi Jallat |
Director |
|
Elie Kouby |
General manager |
News
|
Title |
Date |
|
How Many Section 44(e) And 66(a)
Applications And Registrations Are Vulnerable For Lack Of Bona Fide Intent To
UseA Mark In U.S. Commerce? |
15-Apr-2013 |
|
Murky Waters: Post-Approval
Regulatory Activities And The § 271(e)(1) Safe Harbor |
10-Apr-2013 |
Registered No.(FRA): 319427316
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
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ANZSIC
2006 Codes: |
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|
1351 |
- |
Clothing Manufacturing |
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NACE
2002 Codes: |
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|
1822 |
- |
Manufacture of other outerwear |
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NAICS
2002 Codes: |
||
|
3152 |
- |
Cut and Sew Apparel Manufacturing |
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US SIC
1987: |
||
|
2331 |
- |
Women's, Misses', and Juniors'
Blouses and Shirts |
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UK SIC
2003: |
||
|
1822 |
- |
Manufacture of other outerwear |
|
UK SIC
2007: |
||
|
1413 |
- |
Manufacture of other outerwear |
Sandro Andy is primarily engaged in manufacture of other men’s outerwear; and manufacture of other women’s outerwear.
|
|
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Company |
Percentage Owned |
Country |
|
Smcp Belgique Sprl |
|
Belgium |
|
Sandro Italia Srl |
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Italy |
|
Sandro France |
|
France |
|
Smcp Ireland Ltd. |
|
Ireland |
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Corporate
Family
Corporate Structure News:
Total Corporate Family Members: 4
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Paris |
France |
Apparel and Accessories |
93.1 |
96 |
|
|
Subsidiary |
Paris |
France |
Commercial Banks |
38.0 |
374 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
17.7 |
85 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Apparel and Accessories |
2.9 |
14 |
Executives
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|||
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President |
President |
|||
|
General manager |
Administration Executive |
|||
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Director |
Administration Executive |
|||
|
Director |
Administration Executive |
|||
|
General manager |
Administration Executive |
|||
|
General manager |
Administration Executive |
|||
|
Director |
Administration Executive |
News
|
How Many
Section 44(e) And 66(a) Applications And Registrations Are Vulnerable For
Lack Of Bona Fide Intent To UseA Mark In U.S. Commerce? |
15-Apr-2013 |
|
Murky
Waters: Post-Approval Regulatory Activities And The § 271(e)(1) Safe Harbor |
10-Apr-2013 |
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
99.6 |
66.0 |
45.1 |
|
Net sales |
93.1 |
62.8 |
45.7 |
|
Change in stock |
-2.4 |
-0.1 |
0.3 |
|
Unfinished work in progress |
4.6 |
1.8 |
-2.2 |
|
Subsidies for operating costs |
- |
- |
0.0 |
|
Supplementary operating income |
1.9 |
1.4 |
1.6 |
|
Other operating income |
0.1 |
0.0 |
0.1 |
|
Other external charges |
23.5 |
14.9 |
10.4 |
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Cost of goods sold |
46.5 |
29.9 |
18.5 |
|
Taxes and social security costs |
1.4 |
1.1 |
0.8 |
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Social charges |
2.5 |
2.8 |
2.5 |
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Total payroll costs |
6.2 |
7.3 |
6.6 |
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Cost of stock depreciation and amortisation |
0.6 |
1.5 |
1.5 |
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Fixed asset depreciation and amortisation |
0.6 |
0.5 |
0.4 |
|
Other operating costs |
0.0 |
0.1 |
0.0 |
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Total operating costs |
79.1 |
58.1 |
41.0 |
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Net operating income |
20.5 |
8.0 |
4.1 |
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Total financial income |
0.7 |
0.3 |
0.2 |
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Interest payable on loans |
0.4 |
0.3 |
0.8 |
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Other expenses |
0.2 |
0.0 |
0.0 |
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Total expenses |
0.6 |
0.3 |
0.8 |
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Profit before tax |
20.6 |
8.0 |
3.5 |
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Extraordinary income |
0.5 |
0.2 |
0.1 |
|
Extraordinary expenses |
0.7 |
0.7 |
0.3 |
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Extraordinary result |
-0.3 |
-0.5 |
-0.3 |
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Total taxation |
6.6 |
2.1 |
0.9 |
|
Profit distributed to employees |
1.3 |
0.8 |
0.2 |
|
Net profit |
12.4 |
4.7 |
2.1 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Issued capital |
0.4 |
0.4 |
0.4 |
|
Share premium account |
7.1 |
7.3 |
7.8 |
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Other reserves |
0.0 |
0.0 |
0.0 |
|
Total reserves |
14.3 |
13.1 |
11.8 |
|
Profits for the year |
11.6 |
4.7 |
2.1 |
|
Total stockholders equity |
33.3 |
25.5 |
22.2 |
|
Provisions and allowances |
1.0 |
0.4 |
0.3 |
|
Trade creditors |
15.5 |
10.3 |
6.7 |
|
Bank loans and overdrafts |
5.2 |
2.8 |
1.1 |
|
Current bank debts |
2.8 |
0.0 |
0.0 |
|
Other loans |
3.7 |
0.1 |
- |
|
Other liabilities |
5.7 |
7.6 |
6.9 |
|
Income stated in advance |
3.1 |
- |
- |
|
Taxation and social security |
3.9 |
7.2 |
3.4 |
|
Total current liabilities |
35.1 |
25.6 |
17.3 |
|
Total debts |
37.1 |
28.0 |
18.1 |
|
Total liabilities (including net worth) |
71.4 |
53.9 |
40.7 |
|
Patents |
0.5 |
0.6 |
0.6 |
|
Other fixed assets |
0.8 |
0.7 |
0.9 |
|
Other financial assets |
17.0 |
8.5 |
5.4 |
|
Total non-current assets |
18.2 |
9.7 |
6.9 |
|
Net stocks and work in progress |
13.4 |
6.5 |
4.9 |
|
Trade debtors |
30.3 |
27.5 |
23.1 |
|
Other receivables |
7.0 |
4.9 |
2.0 |
|
Prepaid expenses |
1.6 |
0.9 |
0.6 |
|
Cash and liquid assets |
0.7 |
0.7 |
0.9 |
|
Marketable securities |
0.1 |
3.8 |
2.3 |
|
Total current assets |
53.0 |
44.2 |
33.7 |
|
Prepaid expenses and deferred costs |
0.1 |
- |
- |
|
Total assets |
71.4 |
53.9 |
40.7 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.50 |
1.70 |
1.90 |
|
Quick ratio |
1.10 |
1.50 |
1.70 |
|
Total liabilities to net worth |
1.13% |
1.13% |
0.84% |
|
Net worth to total assets |
0.46% |
0.46% |
0.53% |
|
Collection period |
106.00 |
131.10 |
148.50 |
|
Stock turnover rate |
6.50 |
9.80 |
9.60 |
|
Asset turnover |
1.22% |
1.18% |
1.16% |
|
Profit margin |
0.22% |
0.13% |
0.08% |
|
Return on assets |
0.27% |
0.15% |
0.09% |
|
Shareholders' return |
0.59% |
0.33% |
0.17% |
|
Sales per employee |
3,818.54 |
3,241.97 |
2,316.86 |
|
Profit per employee |
846.20 |
413.81 |
176.93 |
|
Average wage per employee |
255.93 |
378.04 |
334.13 |
|
Net worth |
33.3 |
25.5 |
22.2 |
|
Number of employees |
115 |
96 |
93 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
|
|
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
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.