MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KOMORI CHAMBON SA |
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Registered Office : |
6 Rue Auguste Rodin BP
6329 45100 Orleans (Loiret) |
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Country : |
France |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.01.1989 |
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Com. Reg. No.: |
89B00057 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Manufacture of machinery for printing. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
150 000 E |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
KOMORI CHAMBON SA
Address
(Head office) : 6 Rue Auguste Rodin BP 6329 45100
ORLEANS (LOIRET)
Telephone
: 02 38 64 55 00
Fax
: 02 38 69 37 30
Legal form
5710
- Simplified joint-stock company
Registration date
11
january 1989
Share capital
19 431 thousand
Euros
RC Number
89B00057
Activity
295L
- Manufacture of machinery for printing
Staff
209
Number of branches
2
Trading category
Direct
owner-operator
Banks
SG
RUE REPUBLIQUE 45 ORLEANS - BNP
MAIN DIRECTORS
Chairman MASUDA Masahiko
born
on 17/07/1935 in SHIGA KEN JAPON
Auditorship
Titular
auditor PRICEWATERHOUSECOOPERS
AUDIT
Substitute
auditor NICOLAS Yves
SHAREHOLDERS & STAKES
Registered
shareholder(s) 1
E08000163
- KOMORI CORPORATION JAPON
=> 100,00%
Registered
stake(s) None
REVIEW OF BODACC INCIDENTS
31/03/2006 modification of the
representatives
31/03/2006 modification of the
legal status
28/09/2004 modification of the
representatives
26/09/2003 modification of the
representatives
27/09/2001 modification of the
representatives
FINANCIAL DETAILS
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31/03/2004 |
31/03/2005 |
31/03/2006 |
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over 12 months |
over 12 months |
over 12 months |
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KE |
% |
KE |
% |
KE |
% |
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Turnover |
36 266 |
5,51 |
35 545 |
-1,99 |
47 528 |
33,71 |
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Export turnover |
35 494 |
6,31 |
34 870 |
-1,76 |
46 870 |
34,41 |
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Earnings before tax |
425 |
NC |
301 |
-29,07 |
-431 |
NC |
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Net income |
642 |
414,16 |
802 |
24,92 |
109 |
-86,38 |
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Equity |
25 056 |
25 730 |
25 839 |
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Total debts |
24 013 |
24 627 |
19 805 |
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Working capital |
38 355 |
28 695 |
28 436 |
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Supplier credit |
4 631 |
5 984 |
5 564 |
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Total purchase |
23 079 |
28 427 |
30 013 |
RATIOS
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31/03/2004 |
31/03/2005 |
31/03/2006 |
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Turnover growth (%) |
5,51 |
-1,99 |
33,71 |
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Total assets turnover (Number) |
0,66 |
0,65 |
0,96 |
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Net income (T.O. %) |
1,77 |
2,26 |
0,23 |
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Cash flow (T.O. %) |
18,14 |
12,25 |
10,87 |
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Supplier credit (Purch. days excl. of tax) |
60,39 |
63,36 |
55,8 |
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Accounts receivables (T.O. days) |
62,43 |
75,74 |
101,31 |
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Interest expenses / EBIT (%) |
7,24 |
-64,23 |
26,13 |
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Wages (%) |
29,02 |
31,86 |
24,27 |
The 2006 turnover of 47 528 thousand Euros (over a period of 12
months) denotes an increase of 33,71 % compared to the previous financial year.
From it can be
drawn a net income of 109 thousand Euros falling by -86,38 % during the period
concerned.
The total of the
balance sheet of 49 347 thousand Euros is composed of up to 15,82 % of the
fixed assets and up to 82,31 % of the circulating assets.
The turnover of
0,96 assets is rising relative to the financial year.
With financial
independence of 52,36 % the company has global liabilities amounting to 19 805
thousand Euros, with financial debts representing 13,84 % of all liabilities.
They generate
financial costs of up to 26,13 % of the EBITDA (Earning Before Interest, Taxes,
Depreciation & Amortisation).
The
self-financing capacity is of 5 165 thousand Euros, i.e. 10,87 % of the
turnover.
Auditor's opinion
Approved without
reservations or observations for the financial year ending 31/03/2006
LEGAL PROCEEDINGS
None
GENERAL PRIORITY CLAIMS
Social
security No inscription
Tax
arrears No inscription
DEVELOPMENT OF COMMERCIAL RISK
January 2007 No or almost no risk
July 2006 No or almost no risk
January 2006 No or almost no risk
July 2005 Average risk
OPINION
Last update 12 December 2006
SEREFAC guarantee yes
Financial structure good
Cash good
Profitability mediocre
Commitments respected
Payments regular
Defaults none
Subject history favorable
Credit limit 150 000 E
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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