MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ALM
INTERNATIONAL |
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Registered Office : |
3 B Quai |
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Country : |
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Financials (as on) : |
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Date of Incorporation : |
01 January 1979 |
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Com. Reg. No.: |
79B03804 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesale of chemical products |
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 : |
150000 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ALM INTERNATIONAL
3 B QUAI AUX
FLEURS
75004
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Business founded |
01 January 1979 |
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Registration number, |
79B03804, |
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party identification, |
315734483, |
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Legal form |
Public limited company -
board of administration |
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Activities |
Wholesale of chemical products |
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Payment experience |
Payment regular |
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Credit opinion |
Credit opinion |
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Maximum credit limit
150000 EUR is advised |
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The export volume in
percentage of total sales for the company. 98,84 |
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Financial structure (balance sheet
analysis) : Balanced |
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Cash situation (balance
sheet analysis) : Low |
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Profitability (balance
sheet analysis) : Feeble |
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Commitments (regarding
contractual obligations) : Fulfilled („respectés“) |
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Payment defaults : None |
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Employees (Business) |
23 |
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Total share capital11 March 2007 |
EUR 2025000 |
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Bank |
BNP PARIS 02 CL PARIS 10 CCF SG
PARIS |
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Boardmembers |
AYAD
ALI Chairman of the board |
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DAHER ALI Boardmember |
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CHOUAIB RAYMOND Boardmember |
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Management |
AYAD ALI Managing director |
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Auditor |
EBOLI JACQUES Auditor |
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Subsidiary company. |
ALM AFRIQUE DE L'OUEST 100,00 % |
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SARL SENEFURA |
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SARL AGROCHEMICALS AFRIQUE CENTRALE AGROCHEM
AC 100,00 % |
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Associate company. |
POLYCHIMIE 45,00 % |
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The business owns or partly
owns one or more pieces of land and buildings? No
(Property) |
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Turnover for the
period: 00 0000 - 31 December 2006 in EUR 28.589.879,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet for
the year: 00 0000 - 31 December 2006 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
16.639.373,- |
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Total fixed assets |
907.059,- |
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Total intangible fixed assets |
199,- |
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Concessions and
industrial rights, goodwill |
199,- |
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Total tangible fixed assets |
214.380,- |
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Total financial fixed assets |
692.480,- |
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Loans, shares and participations |
401.140,- |
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Total Current assets |
15.732.313,- |
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Inventories and work in
progress (incl. prepayments) |
769.986,- |
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Accounts receivable (trade) |
13.768.656,- |
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Investments (short-term) |
81.446,- |
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Cash in hand and at bank |
705.639,- |
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Total accrued income and
prepaid expenses |
11.889,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
16.639.373,- |
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Total equity (Shareholders' funds) |
3.086.585,- |
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Issued (subscribed) capital |
2.025.000,- |
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Share premium account
(capital reserve) |
171.505,- |
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Legal reserves |
119.074,- |
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Profit or loss for the
previous year |
187.714,- |
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Profit or loss for the
financial year |
150.654,- |
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Total provisions |
1.087.681,- |
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Total liabilities |
12.461.730,- |
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Total long-term liabilities |
55.361,- |
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Long-term liabilities to
credit institutions |
55.361,- |
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Total current liabilities |
12.403.941,- |
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Current accounts payable (trade) |
10.283.195,- |
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Income and social tax
liabilities |
412.070,- |
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Total accrued expenses
and deferred income |
2.428,- |
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Borrowing ratio |
327,56 % |
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Current ratio |
126,81 % |
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Debt gearing |
1,46 % |
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Profit margin. |
1,64 % |
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Quick ratio |
120,60 % |
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Return on assets |
2,82 % |
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Return on equity. |
3,96 % |
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Solidity or equity ratio |
22,86 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2006 in
EUR |
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Total operating income/revenue |
28.651.274,- |
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Main revenue (sales/turnover) |
28.589.879,- |
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Total operating expenses |
28.182.054,- |
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Cost of materials (type
of expenditure format) |
22.016.535,- |
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Personnel costs |
1.237.190,- |
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Depreciation |
47.874,- |
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Operating profit or loss |
469.220,- |
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Financial income |
219.721,- |
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Financial expenses |
509.198,- |
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Result of ordinary operations |
179.744,- |
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Extraordinary income |
79.651,- |
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Extraordinary expenses |
20.533,- |
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Extraordinary result |
59.118,- |
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Pre-tax and
pre-appropriation profit or loss |
179.743,- |
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Taxes |
88.207,- |
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Net profit or loss |
150.654,- |
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Turnover for the
period: 00 0000 - 31 December 2005 in EUR 36.828.973,00 |
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Not consolidated profit
and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2005 in EUR |
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Total assets incl.
prepaid expenses and accrued income |
16.556.297,- |
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Total fixed assets |
1.143.624,- |
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Total intangible fixed assets |
562,- |
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Concessions and
industrial rights, goodwill |
562,- |
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Total tangible fixed assets |
215.409,- |
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Total financial fixed assets |
927.653,- |
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Loans, shares and participations |
636.313,- |
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Total Current assets |
15.412.673,- |
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Inventories and work in
progress (incl. prepayments) |
796.616,- |
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Accounts receivable (trade) |
14.029.947,- |
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Investments (short-term) |
81.446,- |
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Cash in hand and at bank |
184.230,- |
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Total accrued income and
prepaid expenses |
17.548,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
16.556.297,- |
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Total equity (Shareholders' funds) |
2.980.930,- |
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Issued (subscribed) capital |
1.440.000,- |
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Share premium account
(capital reserve) |
171.505,- |
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Legal reserves |
109.688,- |
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Profit or loss for the
previous year |
157.697,- |
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Profit or loss for the
financial year |
187.714,- |
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Total provisions |
1.081.625,- |
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Total liabilities |
12.525.367,- |
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Total long-term liabilities |
97.590,- |
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Long-term liabilities to
credit institutions |
97.590,- |
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Total current liabilities |
12.425.356,- |
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Current accounts payable (trade) |
10.982.958,- |
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Income and social tax
liabilities |
455.350,- |
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Total accrued expenses
and deferred income |
2.421,- |
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Borrowing ratio |
339,00 % |
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Current ratio |
124,02 % |
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Debt gearing |
2,64 % |
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Profit margin. |
3,12 % |
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Quick ratio |
117,61 % |
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Return on assets |
6,94 % |
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Return on equity. |
5,08 % |
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Solidity or equity ratio |
22,32 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
37.120.541,- |
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Main revenue (sales/turnover) |
36.828.973,- |
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Total operating expenses |
35.971.496,- |
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Cost of materials (type of
expenditure format) |
28.193.850,- |
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Personnel costs |
1.137.641,- |
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Depreciation |
37.618,- |
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Operating profit or loss |
1.149.044,- |
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Financial income |
193.144,- |
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Financial expenses |
549.449,- |
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Result of ordinary operations |
792.739,- |
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Extraordinary income |
20.098,- |
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Extraordinary expenses |
499.718,- |
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Extraordinary result |
-479.620,- |
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Pre-tax and
pre-appropriation profit or loss |
792.739,- |
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Taxes |
125.405,- |
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Net profit or loss |
187.714,- |
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Turnover for the period: 00
0000 - 31 December 2004 in EUR 28.719.286,00 |
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Not consolidated
profit and loss turnover of the business: |
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Corporate balance sheet
for the year: 00 0000 - 31 December 2004 in EUR |
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Total assets incl. prepaid
expenses and accrued income |
14.075.027,- |
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Total fixed assets |
771.604,- |
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Total tangible fixed assets |
101.937,- |
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Total financial fixed assets |
669.664,- |
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Loans, shares and participations |
645.502,- |
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Total Current assets |
13.303.423,- |
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Inventories and work in
progress (incl. prepayments) |
795.540,- |
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Accounts receivable (trade) |
10.841.931,- |
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Investments (short-term) |
81.446,- |
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Cash in hand and at bank |
1.286.753,- |
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Total accrued income and
prepaid expenses |
6.460,- |
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Total equity, provisions,
liabilities, accrued expenses and deferred income |
14.075.027,- |
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Total equity (Shareholders' funds) |
2.793.216,- |
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Issued (subscribed) capital |
1.440.000,- |
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Share premium account
(capital reserve) |
171.505,- |
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Legal reserves |
101.803,- |
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Profit or loss for the
financial year |
157.697,- |
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Total provisions |
950.000,- |
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Total liabilities |
10.323.198,- |
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Total long-term liabilities |
40.763,- |
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Long-term Loans, Mortgage
debts |
11.394,- |
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Long-term liabilities to
credit institutions |
29.369,- |
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Total current liabilities |
10.282.434,- |
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Current accounts payable (trade) |
8.668.871,- |
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Income and social tax
liabilities |
465.151,- |
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Borrowing ratio |
301,83 % |
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Current ratio |
129,38 % |
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Debt gearing |
1,19 % |
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Profit margin. |
2,69 % |
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Quick ratio |
121,64 % |
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Return on assets |
5,48 % |
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Return on equity. |
4,61 % |
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Solidity or equity ratio |
24,30 % |
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Corporate profit and loss
account for the year: 00 0000 - 31 December 2004 in
EUR |
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Total operating income/revenue |
28.760.364,- |
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Main revenue (sales/turnover) |
28.719.286,- |
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Total operating expenses |
27.989.232,- |
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Cost of materials (type
of expenditure format) |
22.120.652,- |
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Personnel costs |
1.030.823,- |
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Depreciation |
23.619,- |
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Operating profit or loss |
771.132,- |
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Financial income |
215.363,- |
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Financial expenses |
360.518,- |
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Result of ordinary operations |
625.978,- |
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Extraordinary income |
10.230,- |
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Extraordinary expenses |
374.867,- |
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Extraordinary result |
-364.636,- |
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Pre-tax and
pre-appropriation profit or loss |
625.977,- |
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Taxes |
103.644,- |
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Net profit or loss |
157.697,- |
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. |
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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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%)