|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ETABLISSEMENTS ROBERT PINCHOU |
|
|
|
|
Registered Office : |
78 BD Des Batignolles 75017, Paris 17 |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
01.08.1971 |
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|
|
|
Com. Reg. No.: |
71204299300097 |
|
|
|
|
Legal Form : |
Public limited company with board of directors |
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|
|
|
Line of Business : |
Wholesale (intercompany trade) coffee, tea, cocoa and spices |
|
|
|
|
No. of Employees : |
2 |
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 but Correct |
|
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 ETABLISSEMENTS ROBERT PINCHOU
Country FR
Activity Code 4637Z
Company Registration
Number
71204299300097
Activity Description Commerce de gros (commerce interentreprises) de café, thé, cacao et épices
Company Status Economically active
Latest Turnover 4,815,726.00 (EUR)
Latest Shareholders Equity 502,199.00 (EUR)
Rating Indicator
Profit Before Tax
58,412.00 (EUR)
Activities
Activity Code 4637Z
Activity Description Commerce de gros (commerce
interentreprises) de café, thé, cacao et épices
Company Name ETABLISSEMENTS ROBERT PINCHOU
Registered Company Name ETABLISSEMENTS ROBERT PINCHOU
Company Registration Number 71204299300097
Country FR
VAT Registration
Number FR35712042993
Date of Company Registration 01/08/1971
Date of Starting Operations 01/01/1971
Commercial Court Legal Form Public limited company
with board of directors
Type of Ownership Company
Status Economically active
Principal Activity Code 4637Z
Principal Activity Description Commerce de gros (commerce interentreprises)
de café, thé, cacao et épices (Wholesale (intercompany trade) coffee, tea, cocoa
and spices)
Contact Address 78 BD DES BATIGNOLLES 75017
PARIS 17
Contact Telephone Number ---
Address 78 BD DES BATIGNOLLES 75017 PARIS 17
Country FR
Other Addresses
Address 78 BD DES BATIGNOLLES 75017 PARIS 17
Country FR
Address PARIS 17,
75017
Country FR
Address STEENWERCK,
59181
Country FR
Current Directors Managers
Name M MALOD GERARD
Gender Male
Date of Birth 18/09/1943
Position Managing director
Name FIMA SA
Date of Birth 20/08/1967
Position Administrator
Name UNION COMMERCIALE ETABLISSEMENT - REGISTRE
PUBLIC : H. 531/13
Date of Birth 29/12/1953
Position Administrator
Previous Directors Managers
Name M GERARD MALOD
Gender Male
Position Chairman of the Board
Name M GERARD MALOD
Gender Male
Position Managing director
Name M JEAN-CLAUDE RUIZ
Gender Male
Position Administrator
Name UNION COMMERCIALE ETABLISSEMENT
Position Administrator
Share Capital Structure
Nominal Share Capital 114,336.00 (EUR)
Year 2012
Number of Employees 2
Year 2011
Number of Employees 3
Year 2010
Number of Employees 0
Profit & Loss
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 4,867,570.00 5,262,007.00 6,705,438.00
Operating Costs 4,798,008.00 5,110,544.00 6,153,693.00
Operating Profit 69,562.00 151,463.00 551,745.00
Wages & Salaries 86,031.00 76,021.00
66,930.00
Pension Costs 40,635.00 36,435.00
29,924.00
Depreciation 8,291.00 7,763.00
7,439.00
Financial Income 55,482.00 66,825.00
91,482.00
Financial Expenses 58,733.00 95,626.00
114,321.00
Extraordinary Income 718.00 64,464.00
383,594.00
Extraordinary Costs 8,617.00 78,082.00
669,804.00
Profit Before Tax 58,412.00 109,042.00 242,696.00
Tax 0.00 0.00 0.00
Profit After Tax 58,412.00 109,042.00 242,696.00
Dividends 0.00 0.00 0.00
Retained Profit 58,412.00 109,042.00 242,696.00
Balance Sheet
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 0.00 0.00 0.00
Plant & Machinery 0.00 0.00 0.00
Other Tangible
Assets 19,891.00 27,512.00
23,817.00
Total Tangible Assets 19,891.00 27,512.00
23,817.00
Goodwill 0.00 0.00 0.00
Other Intangible
Assets 19,724.00 19,724.00
19,724.00
Total Intangible
Assets 19,724.00 19,724.00
19,724.00
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 5,044.00 5,044.00
5,044.00
Total Other Fixed Assets 5,044.00 5,044.00
5,044.00
Total Fixed Assets 44,659.00 52,280.00
48,585.00
Raw Materials
0.00 0.00 0.00
Work in Progress
0.00 0.00 0.00
|
Finished Goods |
0.00 |
0.00 |
0.00 |
|
Other Inventories |
0.00 |
0.00 |
0.00 |
|
Total Inventories |
0.00 |
0.00 |
0.00 |
|
Trade Receivables |
1,277,892.00 |
891,443.00 |
800,221.00 |
|
Miscellaneous Receivables |
916,633.00 |
859,941.00 |
869,653.00 |
|
Total Receivables |
2,194,525.00 |
1,751,384.00 |
1,669,874.00 |
|
Cash |
20,063.00 |
161,163.00 |
278,314.00 |
|
Other Current Assets |
136,992.00 |
124,912.00 |
328,341.00 |
|
Total Current Assets |
2,351,580.00 |
2,037,459.00 |
2,276,529.00 |
|
Total Assets |
2,396,239.00 |
2,089,739.00 |
2,325,114.00 |
|
Trade Payables |
931,212.00 |
522,208.00 |
799,497.00 |
|
Bank Liabilities |
315.00 |
315.00 |
315.00 |
|
Other Loans/Finance |
344,935.00 |
354,788.00 |
899,779.00 |
|
Miscellaneous Liabilities |
216,714.00 |
234,112.00 |
282,965.00 |
|
Total Current Liabilities |
1,493,176.00 |
1,111,423.00 |
1,982,556.00 |
|
Bank Liabilities due after 1 year |
0.00 |
0.00 |
0.00 |
|
Other Loans/Finance
due after 1 year |
395,658.00 |
517,137.00 |
0.00 |
|
Miscellaneous Liabilities due after 1 year |
5,206.00 |
19,391.00 |
7,814.00 |
|
Total Long Term Liabilities |
400,864.00 |
536,528.00 |
7,814.00 |
|
Total Liabilities |
1,894,040.00 |
1,647,951.00 |
1,990,370.00 |
|
Called Up Share Capital |
114,337.00 |
114,337.00 |
114,337.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue Reserves |
58,412.00 |
109,042.00 |
-335,404.00 |
|
Other Reserves |
329,450.00 |
218,408.00 |
555,812.00 |
|
Total Shareholders
Equity |
502,199.00 |
441,787.00 |
334,745.00 |
|
Other Financials |
|
|
|
|
Working Capital |
858,404.00 |
926,036.00 |
293,973.00 |
|
Net Worth |
482,475.00 |
422,063.00 |
315,021.00 |
|
Ratios |
|
|
|
|
Return on Capital Employed |
1.22 |
1.84 |
1.83 |
|
Stock Turnover Ratio |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
99.00 |
65.00 |
46.00 |
|
Creditor Days |
72.00 |
38.00 |
48.00 |
|
Liquidity Ratio/Acid Test |
1.52 |
1.65 |
0.95 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.37 |
|
|
1 |
Rs.100.85 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.