MIRA INFORM REPORT

 

 

Report Date :

12.11.2013

 

IDENTIFICATION DETAILS

 

Name :

SOBORIZ INDUSTRIE SA

 

 

Registered Office :

Zi No.1 Bp 53, Rue Stevenson,  97822 Le Port Cedex  Ile De La

 

 

Country :

Reunion Island

 

 

Date of Incorporation :

01.08.1968

 

 

Legal Form :

Societe Anonyme

 

 

Line of Business :

Manufacture and trade of rice and grains

 

 

No. of Employees :

33

 

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

Payment Behaviour :

No complaints

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)

Reunion Island

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name and address

 

GEOPOLITICS - REUNION

POLITICAL DATA

ECONOMIC DATA

Form of Government: French Overseas Territory


Economic Risk: Nil

Currency: Eur

Branch Situation:Stable

 

IDENTIFICATION

 

Ordered as:

SOBORIZ INDUSTRIE SA

Address in the order:

:  ZI No.1 BP 53, RUE STEVENSON,

97822 LE PORT CEDEX

ILE DE LA REUNION

Comments on data supplied:

The address on the data is incorrect

Legal Name:

SOBORIZ INDUSTRIE

Trade Name:

Le Forban

Legal Address

3 rue Stevenson

Postal Town

Le port

Post Code

97420

Primary Geographic Area

Reunion Island

Country

FR

Location Status

Headquarters,

Mailing Address

ZI 1 BP 53

97822 Le Port Cedex

Reunion

Telephone:

+262 42 03 83

SIREN :

380 035 519

Fax:

+262 43 66 50

Legal Form:

Societe Anonyme

Email:

soboriz@soboriz.fr

Registered in:

FR

Website:

www.leforban.re

Date Created:

1968

Manager:

Marc GAUTHERON

Date Incorporated:

August 1, 1990

Staff:

33

Stock:

 

 

 

Value:

1 177 020  Euro

Activity:

Manufacture and trade of rice and grains

 

 

BANKS

 

Name of the Bank

BFC

Comments

This information was not confirmed by the company

 

BUSINESS HISTORY

 

 

The company was founded in 1968 under the name of Societe Bourbonnaise de Riz. It was the first Rice mill in Reunion Island. It was incorporated under the acronym SOBORIZ in 1990. In 1997 the company joined the Group Marbor.

 

PRINCIPAL ACTIVITY

 

 

The main activity of the company is the manufacture and trade of rice and other grains and pulses.

Products/Services description:

 

The subjects trades over 16 000 tons of rice and 2700 tons of grains

Sales are:

 

Wholesale

Brands:

 

The subject sales it products under its own brand called Le Forban

Clients:

 

Clients are supermarkets chains and wholesalers

Operations area:

 

International

The company exports to France, Mayotte

The subject employs 33 employee(s)

Comments on staff:

 

This information is on the website

 

PAYMENTS

 

 

regular

LOCATION

 

Headquarters

 

ZI 1-3

3 rue Stevenson

97420 Le port

Reunion Island

Comments on location:

 

On the location above are the manufacture, warehouse and offices.

Branches:

 

We did not find any other branch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Marbour Group

Management:

 

Marc Gautheron is the General manager

Related Companies

 

 

VSR BV ( Nederland)

ROl RYZ ( Poland)

CRAF (Guadeloupe)

INARIZ ( France)

FEI food Ltd ( UK)

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

Currency

DATE

 

EUR

2011

 

Turnover

19 431 760

 

The cash flow is

correct

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

Rating

Local credit bureau gave a Normal credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 

 Final Opinion

 

It is a medium-size privately owned and operated company founded in 1968. The company is part of a very important group, The Marbour Group.

It is long and well established in a stable area of activity. It is IFS (international Food Standard) certified company.

We did not find a specific adverse record against the subject.

Due to size and experience of the company a credit line may be considered USD 200 000 USD

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

CORRECT

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.30

UK Pound

1

Rs.101.36

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.