MIRA INFORM REPORT

Report Date :

10.05.2014

IDENTIFICATION DETAILS

Name :	KRUZ SEA FOODS
Registered Office :	Kruz Seafood, Av Du Passe Temps, Napollon Est,13400 Aubagne
Country :	France
Financials (as on) :	31.03.2004
Date of Incorporation :	May 1994
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale (intercompany trade) products Frozen © s (4639A)
No. of Employees	10 to 19

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 82 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 mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds

Source : CIA

Company name

Name

KRUZ SEAFOOD

SIRET

395 153 653 00047

company summary

		EUR VAT Number	FR12395153653
Activity (APE)	Commerce de gros (commerce interentreprises) de produits surgelés (4639A) (Wholesale (intercompany trade) products Frozen © s (4639A))	Legal form	Simplified joint stock company
Phone	04 42 36 96 96	RCS Registration	RCS Marseille 9 395 153 653
Fax	04 42 36 96 97	Share capital	2,200,000 Euros
Address	KRUZ SEAFOOD AV DU PASSE TEMPS NAPOLLON EST 13400 AUBAGNE	Incorporated Date	05/1994
Nationality	France	Status	Economically active

Ultimate Holding Company

Company Name	Company number	Click here to view the affiliation links
KRUZ SEAFOOD	395153653

Current Directors

5

Trading to Date	03/31/2004
Turnover	11,182,199 €
Gross Operating Surplus	6,99 % Turnover
Shareholders’ equity	3,048,909 €
Net result	504,717 €
Employees	10 to 19 employees

No trends info for the company

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de produits surgelés (4639A)
RCS Registration	RCS Marseille 9 395 153 653	Share capital	2,200,000 Euros
Registration Court	Marseille (13)	Legal form	Simplified joint stock company
Court Registry Number	19 9 4B01072	EUR VAT Number	FR12395153653
Incorporation Date	05/1994	Formation Date	06/1994
Deregistration Date		Last account Date	31/03/2004
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  KRUZ SEAFOOD  - Commerce de gros (commerce interentreprises) de produits surgelés (4639A)  in AUBAGNE  (13400)

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de produits surgelés (4639A)	Business Pages FT®	SURGELES: PRODUITS ALIMENTAIRES (FABRICATION, GROS)
Postal Address	KRUZ SEAFOOD AV DU PASSE TEMPS NAPOLLON EST 13400 AUBAGNE	Trading Address	NAPOLLON EST 13400 AUBAGNE
Telephone	04 42 36 96 96
Fax	04 42 36 96 97

Type	Head office (one site company)	Status	Economically active
Formation Date	05/2000	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Store
Location surface	From 300 m² to less than 400 m²	Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	3	Area	94
City	AUBAGNE	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> KRUZ SEAFOOD <<<  - Commerce de gros (commerce interentreprises) de produits surgelés (4639A)  in AUBAGNE  (13400)
Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/03/2004
Account period (month)	12
Account Type	Normal
Date of capture	-
Activity Code	4639A
Employees	9	-	-

Active account

Annual Accounts	31/03/2004	Sector Median 2004
Capital not called	0	0	0%
Total fixed assets	251 419	84 979	195,9%
- Intangible assets	1 793	781	129,6%
- Tangible assets	243 362	46 420	424,3%
- Financial assets	6 264	6 097	2,7%
Net current assets	4 255 805	1 463 625	190,8%
- Stocks	1 458 313	290 619	401,8%
- Advanced payments	38 000	0	0%
- Receivables	1 181 174	734 074	60,9%
- Securities and cash	1 578 319	155 420	915,5%
- Prepaid expenses	-	508	-
Accounts of regularization	2 651	0	0%
Total Assets	4 509 874	1 672 936	169,6%

Passive Account

Annual Accounts	31/03/2004	Sector Median 2004
Shareholders' equity	3 048 909	447 817	580,8%
Share capital	1 001 000	96 000	942,7%
Other capital resources	0	0	0%
Risk Provisions	2 651	0	0%
Liabilities	1 458 314	1 226 593	18,9%
- Financial liabilities	79 962	113 771	-29,7%
- Advanced payments received	0	0	0%
- Trade account payables	1 204 259	655 468	83,7%
- Tax and social liabilities	150 905	105 681	42,8%
- Other debts and fixed assets liabilities	23 188	9 880	134,7%
Account regularization	0	0	0%
Total liabilities	4 509 874	1 672 936	169,6%

Results

Annual Accounts	31/03/2004	Sector Median 2004
Sales of Goods	11 193 375	4 786 655	133,8%
Net turnover	11 182 199	4 774 071	134,2%
- of which net export turnover	0	0	0%
Operating charges	10 440 672	4 715 198	121,4%
Operating profit/loss	752 703	119 910	527,7%
Financial income	3 994	3 350	19,2%
Financial charges	10 877	12 127	-10,3%
Financial profit/loss	-6 883	-3 314	-107,7%
Pretax net operating income	745 820	102 040	630,9%
Extraordinary income	25 629	6 551	291,2%
Extraordinary charges	646	5 793	-88,8%
Extraordinary profit/loss	24 984	0	0%
Net result	504 717	75 128	571,8%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/03/2004
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/03/2004
	Grand Total (I to VI)	Net	4 509 874
	Gross	CO	4 705 049
	Amortisation	1A	195 175

Non declared distributed capital (I)

		31/03/2004
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

			31/03/2004
	Total Active fixed asset (II)	Net	251 419
	Gross	BJ	358 739
	Amortisation	BK	107 320

Intangilble fixed assets

			31/03/2004
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	1 793
	Gross	AF	30 324
	Amortisation	AG	28 531
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	1 793

Tangilble fixed assets

			31/03/2004
	Lands	Net	41 421
	Gross	AN	44 377
	Amortisation	AO	2 956
	Buildings	Net	183 797
	Gross	AP	228 088
	Amortisation	AQ	44 291
	Plant	Net	0
	Gross	AR	0
	Amortisation	AS	0
	Other tangible fixed assets	Net	18 144
	Gross	AT	49 685
	Amortisation	AU	31 541
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0
	Sub Total Tangible asset	Net	243 362

Financial assets

			31/03/2004
	Associates at equity	Net	3 200
	Gross	CS	3 200
	Amortisation	CT	0
	Other participations	Net	0
	Gross	CU	0
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	3 064
	Gross	BH	3 064
	Amortisation	BI	0
	Sub Total Financial Assets		6 264

Current Assets (III)

			31/03/2004
	Total Assets	Net	4 255 805
	Gross	CJ	4 343 660
	Amortisation	CK	87 856

Stocks

			31/03/2004
	Raw materials	Net	0
	Gross	BL	0
	Amortisation	BM	0
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	0
	Gross	BR	0
	Amortisation	BS	0
	Goods for resale	Net	1 458 313
	Gross	BT	1 463 597
	Amortisation	BU	5 284
	Sub Total Stocks	Net	1 458 313

Advance payments to suppliers

			31/03/2004
	Advance payments to suppliers	Net	38 000
	Gross	BV	38 000
	Amortisation	BW	0

Debtors

			31/03/2004
	Trade accounts receivable	Net	1 123 079
	Gross	BX	1 152 102
	Amortisation	BY	29 023
	Other debtors	Net	50 037
	Gross	BZ	103 586
	Amortisation	CA	53 549
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0
	Sub Total Debtors	Net	1 173 116

Divers

			31/03/2004
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	1 578 319
	Gross	CF	1 578 319
	Amortisation	CG	0
	Sub Total Divers	Net	1 578 319

Prepaid expenses

			31/03/2004
	Prepaid expenses	Net	8 058
	Gross	CH	8 058
	Amortisation	CI	0

Equalization accounts (IV to VI)

		31/03/2004
Multi-period charges	CW3	0
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	2 651
Gross		-

References

		31/03/2004
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/03/2004
Grand Total (I to V)	EE	4 509 874

Shareholder Equity (I)

			31/03/2004
	Total shareholders' equity (Total I)	DL	3 048 909
	Equity and shareholders' equity	DA	1 001 000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	100 100
	Statutory or contractual reserve	DE	1 443 092
	Special regulated reserves	DF	0
	Of which special reserve of provisions for current fluctuation	B1	0
	Other reserves	DG	0
	Of which reserve for buying originals works from alive artists	EJ	0
	Profits or losses brought forward	DH	0
	Profit or loss for the period	DI	504 717
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			31/03/2004
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0

Provisions for risks and charges (III)

			31/03/2004
	Total provisions for risks and charges (Total III)	DR	2 651
	Risk provisions	DP	2 651
	Reserves for charges	DQ	0

Liabilities (IV)

			31/03/2004
	Total Liabilities (Total IV)	EC	1 458 314
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	79 962
	Sundry loans and financial liabilities	DV	0
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	0
	Trade accounts payables	DX	1 204 259
	Tax and social security liabilities	DY	150 905
	Fixed asset liabilities	DZ	793
	Other debts	EA	22 395

Translation loss (V)

		31/03/2004
Translation loss (Total V)	ED	0

Equalization accounts

		31/03/2004
Deferred income	EB	0

References

		31/03/2004
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	1 408 727
Of which current bank facilities	EH	635

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/03/2004
Operating result (Total I-II)	GG	752 703

2 - Financial result (V - VI)

		31/03/2004
Financial result (Total V-VI)	GV	-6 883

3 - Pre-tax net operating income result (I - VI)

		31/03/2004
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	745 820

4 - Extraordinary result (VII-VIII)

		31/03/2004
Extraordinary result (Total VII-VIII)	HI	24 984

Profit or loss

		31/03/2004
Profit or loss	HN	504 717

Total Income (I+III+V+VII)

		31/03/2004
Total Income (I+III+V+VII)	HL	11 222 999

Total charges (Total II+IV+VI+VIII+IX+X)

		31/03/2004
Total charges (Total II+IV+VI+VIII+IX+X)	HM	10 718 282

Operating income (I)

		31/03/2004
Total operating income (Total I)	FR	11 193 375

Operating income (details)

			31/03/2004
	Sale of goods for resale	FC	11 181 911
	France	FA	11 181 911
	Export	FB	0
	Sale of goods produced	FF	0
	France	FD	0
	Export	FE	0
	Sale of services	FI	288
	France	FG	288
	Export	FH	0
	Net turnover	FL	11 182 199
	France	FJ	11 182 199
	Export	FK	0
	Stocked production	FM	0
	Self-constructed assets	FN	0
	Operating grants	FO	0
	Release of reserves and provisions	FP	11 149
	Other income	FQ	27

Operating charges (II)

		31/03/2004
Total operating charges (Total II)	GF	10 440 672

Exploitation charges

		31/03/2004
Purchase of goods for resale	FS	9 696 468
Change in stocks of goods for resale	FT	-402 617
Purchase of raw materials	FU	12 004
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	536 584
Tax, duty and similar payments	FX	30 964
Payroll	FY	367 082
Social security costs	FZ	160 348

Depreciation

		31/03/2004
Depreciation of fixed assets	GA	24 922
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	13 742
Provisions for risks and charges	GD	0

Other charges

		31/03/2004
Other charges	GE	1 177

Operating charges (III-IV)

		31/03/2004
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

			31/03/2004
	Total financial income (Total V)	GP	3 994
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	277
	Other interest and similar income	GL	0
	Released provisions and transferred charges	GM	0
	Exchange gains	GN	3 717
	Net income from disposal of investment securities	GO	0

Financial Charge (VI)

			31/03/2004
	Total financial charge (Total VI)	GU	10 877
	Financial reserves and provisions	GQ	2 651
	Interest and similar charges	GR	6 067
	Exchange losses	GS	2 159
	Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

			31/03/2004
	Total extraordinary income (Total VII)	HD	25 629
	Extraordinary operating income	HA	25 629
	Extraordinary income from capital transactions	HB	0
	Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

			31/03/2004
	Total extraordinary charges (Total VIII)	HH	646
	Extraordinary operating charges	HE	646
	Extraordinary charges from capital transactions	HF	0
	Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

		31/03/2004
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		31/03/2004
Tax on profits (Total X)	HK	266 087

References

		31/03/2004
Of which equipment leases	HP	0
Of which property leases	HQ	0
Of which transferred charges	A1	0
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/03/2004
	Gross value at begin of period	OG	350 099
	Increasess due to revaluation	OH	0
	Decreasess, acquisitions, creations, contributions	OJ	8 639
	Decreasess by budget item transfer	OK1	0
	Decreasess by transfers	OK2	0
	Gross value at the end of period	OL	358 739

Research and development Charge (Total I)

			31/03/2004
	Gross value at begin of period	CZ	0
	Increasess due to revaluation	KB	0
	Increasess, acquisitions, creations, contributions	KC	0
	Decreasess by budget item transfer	C01	0
	Decreasess by transfers	C02	0
	Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

			31/03/2004
	Gross value at begin of period	KD	29 125
	Increasess due to revaluation	KE	0
	Increasess, acquisitions, creations, contributions	KF	1 199
	Decreasess by budget item transfer	LV1	0
	Decreasess by transfers	LV2	0
	Gross value at the end of period	LW	30 324

Tangible fixed assets (Total III)

			31/03/2004
	Gross value at begin of period	LN	317 910
	Increasess due to revaluation	LO	0
	Increasess, acquisitions, creations, contributions	LP	4 240
	Decreasess by budget item transfer	NG1	0
	Decreasess by transfers	NG2	0
	Gross value at the end of period	NH	322 150

Fiancial assets (Total IV)

			31/03/2004
	Gross value at begin of period	LQ	3 064
	Increasess due to revaluation	LR	0
	Increasess, acquisitions, creations, contributions	LS	3 200
	Decreasess by budget item transfer	NJ1	0
	Decreasess by transfers	NJ2	0
	Gross value at the end of period	NK	6 264

Reserve for depreciation
Situation and movement of reserve for depreciation
Grand total (I-II-III)

			31/03/2004
	Reserve for depreciation value at begin of period	0N	82 398
Increases		0P	24 922
Decreasess		0Q	0
	Reserve for depreciation value at the end of period	0R	107 320

Research and development charge (Total I)

			31/03/2004
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	0

Other intangible assets (Total II)

			31/03/2004
	Reserve for depreciation value at begin of period	PE	25 427
Increases		PF	3 104
Decreasess		PG	0
	Decreasess by budget item transfer	PH	28 531

Total fixed assets amotisation (Total III)

			31/03/2004
	Reserve for depreciation value at begin of period	QU	56 971
Increases		QV	21 817
Decreases		QW	0
	Decreasess by budget item transfer	QX	78 789

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/03/2004
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreasess by budget item transfer	B1	0

Premium refund of obligations

			31/03/2004
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/03/2004
	Value at begining of period	7C	76 454
Increases		UB	16 393
Decreases		UC	2 340
	Value at the end of period	UD	90 506

Includes Total allocations

Operating	UE	13 742
Financial	UG	2 651
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	2 340
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			31/03/2004
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			31/03/2004
	Value at begining of period	5Z	0
Increases		TV	2 651
Decreases		TW	0
	Value at the end of period	TX	2 651

Total Provision for depreciation (Total III)

			31/03/2004
	Value at begining of period	7B	76 454
Increases		TY	13 742
Decreases		TZ	2 340
	Value at the end of period	UA	87 856

State deadlines claims and debts at the end of period
State claims

		31/03/2004
Gross value	VT	1 266 810
1 year at most	VU	1 263 746
More than one year	VV	3 064

State of loans

		31/03/2004
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	3 064
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/03/2004
Customers doubtful or disputed	VA	30 619
Other claims customer	UX	1 121 482
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	29
Social Security and other social organizations	UZ	0
Income taxes	VM	25 079
Value added tax	VB	11 630
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	66 848

Prepaid

		31/03/2004
Prepaid	VS	8 058

State Debt

			31/03/2004
	Total debt (gross)	VY	1 458 314
1 year at most		VZ2	1 408 727
More than 1 year and 5 years at most		VZ3	49 587
More than 5 years		VZ4	0

Details

			31/03/2004
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	635
1 year at most		VG2	635
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	79 327
1 year at most		VH2	29 740
More than 1 year and 5 years at most		VH3	49 587
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	1 204 259
1 year at most		8B2	1 204 259
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	31 717
1 year at most		8C2	31 717
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	72 281
1 year at most		8D2	72 281
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	23 307
1 year at most		VW2	23 307
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	23 601
1 year at most		VQ2	23 601
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	793
1 year at most		8J2	793
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	0
1 year at most		VI2	0
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	22 395
1 year at most		8K2	22 395
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

		31/03/2004
Loans made during the period	VJ	0
Debt repaid during the period	VK	28 576

Table allocation results and other information
Dividends distributed

		31/03/2004
Dividends	ZE	0

Commitments

		31/03/2004
Commitments leasing furniture	YQ	40 863
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		31/03/2004
Subcontracting	YT	0
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	0
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	0
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		31/03/2004
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/03/2004
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

		31/03/2004
Average number of employees	YP	09

Groups and Shareholders

		31/03/2004
Groups and Shareholders	ZR	-

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/03/2004	Sector Median 2004
Fixed Asset Financing		9,03	3,02	199,0%
Global Debt		47 days	76 days	-38,2%
Working Capital Fund overall net		93 days	28 days	232,1%
Financial independence		3812,95%	477,61%	698,3%
Solvability		67,61%	28,83%	134,5%
Capacity debt futures		10037,56%	773,43%	1197,8%
Coverage of current assets by net working capital overall		66,41%	31,98%	107,7%
General Liquidity		0,90	0,74	21,6%
Restricted Liquidity		2,02	0,99	104,0%

Management or rotation

		31/03/2004	Sector Median 2004
Need background in operating working capital		42 days	16 days	162,5%
Treasury		51 days	9 days	466,7%
Inventory turnover of goods		57 days	28,50 days	100%
Average length of credit granted to customers		37 days	45 days	-17,8%
Average length of credit obtained suppliers		44 days	51 days	-13,7%
Inventory turnover of raw materials in industrial enterprises		0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	1694 days	-
Rotation tangible assets		3471,12%	2615,18%	32,7%

Profitability of the business

		31/03/2004	Sector Median 2004
Margin trading		16,88%	21,57%	-21,7%
Profitability of the business		6,99	2,97%	135,4%
Net profit		4,51%	1,35%	234,1%
Growth rate of turnover (excluding VAT)		%	2,90%	-
Rates integration		11,98%	12,24%	-2,1%
Rate leasing furniture		0%	0%	0%
Work Factor		39,37%	64,01%	-38,5%
Weight interests		0,10	0,28%	-64,3%

Return on capital

		31/03/2004	Sector Median 2004
Cash flow from the overall profitability		4,74%	1,83%	159,0%
Rates of economic profitability		25%	23%	8,7%
Financial profitability		3048909%	454800%	570,4%
Return on investment		16,48%	13,65%	20,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/03/2004	Sector Median 2004
Turnover	11 182 199	4 774 071 €	134,2%

Sales of goods	11 181 911
- Purchase of goods	9 696 468
+/- Stock of goods variation	-402 617
Trading margin	1 888 060 €	972 347 €	94,2%
	16,88 % CA	21,57 % CA	-21,7%

Sale of goods produced	288
+/- Stocked production	0
+ Self-constructed assets	0
Period production	288 €	16 777 €	-98,3%
	0,00 % CA	0,35 % CA	0%

Trading margin	1 888 060	972 347	94,2%
+ Period Production	288	16 777	-98,3%
- Purchase of raw materials	12 004
+/- Change in stocks of raw materiels	0
- Other external purchases and charges	536 584
Added value	1 339 760 €	544 737 €	145,9%
	11,98 % CA	12,24 % CA	-2,1%

Added value	1 339 760 €	544 737 €	145,9%
+ Operating grants	0
- Tax, duty and similar payments	30 964
- Personal charges	527 430
Gross operating surplus	781 366 €	137 120 €	469,8%
	6,99 % CA	2,97 % CA	135,4%

Gross operating surplus	781 366 €	137 120 €	469,8%
+ Release of reserves and provisions	11 149
+ Other operating income	27
- Depreciation/Amortisation	38 664
- Other charges	1 177
Operating result	752 701 €	119 908 €	527,7%
	6,73 % CA	2,35 % CA	186,4%

Operating result	752 701 €	119 908 €	527,7%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	3 994
- Financial charges	10 877
Pre-tax result	745 818 €	102 043 €	630,9%
	6,67 % CA	02 % CA	233,5%

Extraordinary income	25 629	6 551	291,2%
- Extraordinary charges	646
Extraordinary result	24 983 €	0 €	0%
	0,22 % CA	0 % CA	0%

Pre-tax result	745 818 €	102 043 €	630,9%
Extraordinary result	24 983 €	0 €	0%
- Employee profit sharing	0
- Tax on profits	266 087
Net result	504 714 €	75 128 €	571,8%
	4,51 % CA	1,32 % CA	241,7%

judgements

Collective procedures

No judgment information for the company

   Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Summary of preferential rights

Company monitored since	02/10/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	KRUZ SEAFOOD
Direct parent	-
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

Group Structure

Company Name	Safe Number	SIREN	Parts	Rating	Limit	Last account published
KRUZ SEAFOOD	FR03555956	395153653	-	62	76 000 €	31/03/2004
AL FREEZE, LDA	-	-	49%	NC	-	-

Shareholders

Linkages

Ultimate parent company	KRUZ SEAFOOD
Direct parent	-
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
25/10/2013	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 373 - 395 153 653 RCS Marseille. KRUZ SEAFOOD. Forme : Société par actions simplifiée. Administration : Président : VERITIER JEAN MAX DENIS GILBERT modification le 17 Octobre 2013 Administrateur : GAETA Andre modification le 11 Avril 2002 Administrateur : ANGE Monique Nadine en fonction le 09 Octobre 1997 Administrateur : AGHADJANIAN Louis en fonction le 20 Octobre 1999 Commissaire aux comptes titulaire : EYSSAUTIER Jean-Marc en fonction le 27 Juin 2011 Commissaire aux comptes suppléant : GUILPAIN Virginie en fonction le 27 Juin 2011 Administrateur : VERITIER Laurent en fonction le 17 Octobre 2013. Activité : . Commentaires : Modification de représentant. Modification de la forme juridique.
11/10/2013	JAL	Appointment of the social representative
Nouvelles Publications (Les) Date de décision : 30/09/2013 Société faisant l'objet d'une nomination : 395153653 - KRUZ SEAFOOD, NAPOLLON EST, AV DU PASSE TEMPS, 13400 AUBAGNE Nominé : Monsieur Jean-Max VERITIER, 13360 ROQUEVAIRE En la fonction de : Président Nominé : Monsieur Laurent VERITIER En la fonction de : Membre du Conseil d'Administration
11/10/2013	JAL	Resignation / Revocation of the social representative
Nouvelles Publications (Les) Date de décision : 30/09/2013 La société 395153653 - KRUZ SEAFOOD, NAPOLLON EST, AV DU PASSE TEMPS, 13400 AUBAGNE Fait l'objet du départ de Monsieur Jean-Mac VERITIER, Chemin du Riou, Pont de l'Etoile, 13360, ROQUEVAIRE, De Monsieur Jean-Mac VERITIER, Chemin du Riou, Pont de l'Etoile, 13360, ROQUEVAIRE
05/07/2011	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 294 - 395 153 653 RCS Marseille. KRUZ SEAFOOD. Forme : Société anonyme. Administration : Président directeur général : VERITIER JEAN MAX DENIS GILBERT modification le 07 Mai 2002 Administrateur : GAETA Andre modification le 11 Avril 2002 Administrateur : ANGE Monique Nadine en fonction le 09 Octobre 1997 Administrateur : AGHADJANIAN Louis en fonction le 20 Octobre 1999 Commissaire aux comptes titulaire : EYSSAUTIER Jean-Marc en fonction le 27 Juin 2011 Commissaire aux comptes suppléant : GUILPAIN Virginie en fonction le 27 Juin 2011. Activité : . Commentaires : Modification de représentant.
27/10/2010	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 326 - 395 153 653 RCS Marseille. KRUZ SEAFOOD. Forme : Société anonyme. Administration : Président directeur général : VERITIER JEAN MAX DENIS GILBERT modification le 07 Mai 2002 Commissaire aux comptes titulaire : JOUVE JEAN Administrateur : GAETA Andre modification le 11 Avril 2002 Administrateur : ANGE Monique Nadine en fonction le 09 Octobre 1997 Administrateur : AGHADJANIAN Louis en fonction le 20 Octobre 1999 Commissaire aux comptes suppléant : CABUZEL Jacques en fonction le 18 Octobre 2010. Commentaires : Modification de représentant.
22/10/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE DE MARSEILLE 228 - 395 153 653 RCS Marseille. KRUZ SEAFOOD. Forme : Société anonyme. Capital : 2200000 EUR. Commentaires : Modification du capital.
17/10/2006	Bodacc C	Avis de dépôt des comptes
578 - RCS Marseille B 395 153 653. RC 94-B 1072. KRUZ SEAFOOD. Forme: S.A. Adresse du siège social: parc D Activites de Napollon avenue du Passe Temps,13400 Aubagne. Comptes annuels et rapports de l'exercice clos le: 31 mars 2004.
28/05/2002	Bodacc B	Modifications et mutations diverses
RCS Marseille B 395153653 RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du P.-D.G. : VERITIER ( Jean, Max, Denis, Gilbert).
28/10/2001	Bodacc B	Modifications et mutations diverses
RCS Marseille B 395153653 RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A. Capital : 1 001 000 euros. Commentaires : modification survenue sur le capital (augmentation).
25/06/2000	Bodacc B	Modifications et mutations diverses
RCS Marseille B 395153653 RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A. Adresse du siège social : P.A. de Napollon, avenue du Passe-Temps, 13400 Aubagne. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : P.A. de Napollon, avenue du Passe-Temps, 13400 Aubagne.
04/11/1999	Bodacc B	Modifications et mutations diverses
*. RCS Marseille B 395 153 653 RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination en qualité d'administrateur : AGHADJANIAN (Louis).
23/10/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Marseille B 395 153 653 RC RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A. Capital : 1 100 000 F. Administration : modification : président du conseil d' administration : VERITIER (Jean, Max, Denis, Gilbert) Nomination en qualité d' administrateurs : GAETA (André) ANGE (Monique, Nadine), nom d'usage : épouse VERITIER. Modification : commissaire aux comptes suppléant : MARTIN CHAVE (Yves). Commentaires : modification survenue sur la forme juridique, l'administration et le capital (augmentation).
24/12/1995	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Marseille B 395 153 653 RC 94-B 1072 KRUZ SEAFOOD. Forme : S.A.R.L. Capital : 200 000 F (fixe). Adresse : parc d' activité de la Plaine-de-Jouques, 380 avenue du Garlaban, B.P. 14, 13881 Gemenos cedex Nouvelle situation du siège social. Adresse : 51 boulevard Saint-Jean, 13010 Marseille Etablissement principal: Adresse : parc d'activités de la Plaine-de-Jouques, 380 avenue du Garlaban, B.P. 14, 13881 Gémenos cedex ETABLISSEMENT PRINCIPAL nouvelle situation. Adresse : 51 boulevard Saint-Jean, 13010 Marseille. Date d'effet : 29 septembre 1995.

Company events history

Date	Description
08/02/2014	New subsidiarie(s) detected
07/02/2014	New parent detected
11/01/2014	Update Rating
11/01/2014	Update Limit
25/10/2013	Bodacc B: Various editing or changing
20/10/2013	Update Rating
17/10/2013	Amendment
17/10/2013	Minutes of general meeting of shareholders
17/10/2013	New chairman (CEO, CoB)
17/10/2013	Updated articles of association
17/10/2013	New legal form – new category
15/10/2013	Update Limit
15/10/2013	Update Rating
11/10/2013	Legal Gazette: Resignation / Revocation of the social representative
30/09/2013	Update of Company Legal Form
30/09/2013	Modification to Company Identifier
30/09/2013	Legal Gazette: Appointment of the social representative
05/07/2011	Bodacc B: Various editing or changing
27/06/2011	New auditor
27/06/2011	Minutes of general meeting of shareholders
27/10/2010	Bodacc B: Various editing or changing
12/10/2010	Changement de Commissaire aux Comptes
12/10/2010	PV d'Assemblée
12/10/2010	Minutes of general meeting of shareholders
12/10/2010	New auditor
22/10/2009	Bodacc B: Various editing or changing
12/10/2009	Minutes of general meeting of shareholders
12/10/2009	Updated articles of association
12/10/2009	Augmentation de Capital
12/10/2009	Capital increase
12/10/2009	PV d'Assemblée
12/10/2009	Statuts mis à jour
02/10/2009	Collection of preferential rights activated for this company
29/09/2009	Other modification of Establishment
29/09/2009	Update of Company Workforce
02/01/2008	Update of Company Activity
02/01/2008	Modification of Company Activity
31/03/2004	New accounts available
07/05/2002	PV d'Assemblée
07/05/2002	Augmentation de Capital
07/05/2002	Statuts mis à jour
07/05/2002	Modification du Conseil d'Administration
07/05/2002	Acte sous seing privé
07/05/2002	Nomination/démission des organes de gestion
07/05/2002	PV du Conseil d'Administration
07/05/2002	Acte modificatif
16/10/2001	Augmentation de Capital
16/10/2001	Conversion du Capital Social en Euros
16/10/2001	Acte sous seing privé
16/10/2001	PV d'Assemblée
16/10/2001	Statuts mis à jour
07/06/2000	PV du Conseil d'Administration
07/06/2000	Acte modificatif
07/06/2000	Transfert du Siège dans le ressort du Tribunal de Commerce
06/06/2000	PV du Conseil d'Administration
06/06/2000	Acte sous seing privé
06/06/2000	Statuts mis à jour
06/06/2000	Transfert du Siège dans le ressort du Tribunal de Commerce
20/10/1999	PV d'Assemblée
20/10/1999	Nomination/démission des organes de gestion
20/10/1999	Acte sous seing privé
20/10/1999	Modification du Conseil d'Administration
09/10/1997	Statuts mis à jour
09/10/1997	Changement de Forme Juridique avec changement de catégorie
09/10/1997	Nomination/démission des organes de gestion
09/10/1997	Augmentation de Capital
09/10/1997	Changement de Forme Juridique sans changement de catégorie
09/10/1997	Acte sous seing privé
09/10/1997	PV du Conseil d'Administration
09/10/1997	PV d'Assemblée
04/09/1997	Rapport des Commissaires ou du Gérant
04/09/1997	Acte sous seing privé
04/09/1997	Changement de Forme Juridique avec changement de catégorie
15/12/1995	Acte sous seing privé
15/12/1995	Cession de parts
15/12/1995	Acte modificatif
20/11/1995	Statuts mis à jour
20/11/1995	Acte modificatif
20/11/1995	Transfert du Siège dans le ressort du Tribunal de Commerce
20/11/1995	PV d'Assemblée
01/08/1994	Statuts mis à jour
01/08/1994	Cession de parts
01/08/1994	Acte sous seing privé
01/08/1994	PV d'Assemblée
27/05/1994	Formation de Société
27/05/1994	Acte sous seing privé
27/05/1994	Statuts
27/05/1994	Déclaration de conformité

Establishment events history

Date	Description
09/02/2014	Update Rating
22/10/2013	Update Rating
20/10/2013	Update Rating
30/09/2013	Modification of Head office
06/08/2013	Update Rating
19/05/2013	Update Rating
03/03/2013	Update Rating
14/09/2012	Update Rating
17/04/2012	Update Rating
29/12/2009	Update Rating
16/10/2009	Update Rating
29/09/2009	Modification of Head office
29/09/2009	Update of Establishment Workforce
05/06/2009	Update Rating
02/01/2008	Modification of Head office Activity
02/01/2008	Update of Establishment Activity
10/12/2007	Update Limit
09/12/2007	Update Limit

directors

Name	M. VERITIER JEAN MAX DENIS GILBERT
Manager position	President	Date of birth	16/04/1958
Place of birth	MARSEILLE (13)
Type	Individual	Name at birth

Name	M. GAETA ANDRE
Manager position	Administrator	Date of birth	13/12/1954
Place of birth	13 MARSEILLE
Type	Individual	Name at birth

Name	Mme. EPSE VERITIER MONIQUE NADINE
Manager position	Administrator	Date of birth	24/05/1960
Place of birth	05 EMBRUN
Type	Individual	Name at birth	ANGE

Name	M. AGHADJANIAN LOUIS
Manager position	Administrator	Date of birth	15/06/1947
Place of birth	MARSEILLE
Type	Individual	Name at birth

Name	M. VERITIER LAURENT
Manager position	Administrator	Date of birth	30/05/1983
Place of birth	MARSEILLE
Type	Individual	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
Chief Executive Officer	VERITIER JEAN MAX DENIS GILBERT	16/04/1958 - MARSEILLE (13)
Chief Executive Officer	M VERITIER JEAN MAX DENIS GILBERT	16/04/1958 - MARSEILLE (13)
Chief Executive Officer	M JEAN MAX VERITIER	16/04/1958 - MARSEILLE
Administrator	M LOUIS AGHADJANIAN	15/06/1947 - MARSEILLE
Administrator	Mme MONIQUE NADINE EPSE VERITIER	24/05/1960 - 05 EMBRUN
Administrator	M ANDRE GAETA	13/12/1954 - MARSEILLE
Administrator	M ANDRE GAETA	13/12/1954 - 13 MARSEILLE
Administrator	MME MONIQUE VERITIER	24/05/1960 - EMBRUN

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.05
UK Pound	1	Rs.101.65
Euro	1	Rs.83.07

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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.