MIRA
INFORM REPORT
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Report Date : |
08.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ETABLISSEMENTS
NORPROTEX |
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Registered Office : |
Avenue De Fontvert 84130 Le Pontet |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.01.1955 |
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Com. Reg. No.: |
55B00070, AVIGNON |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesale of Clothing and Footwear |
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 : |
EUR 150000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ETABLISSEMENTS
NORPROTEX
AVENUE DE
FONTVERT
84130 LE
PONTET FR
Tel. Number +33-4-90313636
Fax number
+33-4-90319992
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Business founded |
01 January 1955 |
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Registration number, |
55B00070, AVIGNON, |
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party identification, |
552620700, |
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Legal form |
Public limited company (no information regarding quotation) |
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Activities |
Wholesale of clothing and footwear |
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Payment experience |
Payment regular |
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Credit opinion |
Normal creditworthiness |
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Maximum credit limit 150000 EUR is advised |
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The export tvolume in percentage of total sales for the
company. 11,70 |
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Financial structure (balance sheet
analysis) : Balanced |
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Cash situation (balance sheet analysis) : Normal |
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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) |
44 |
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Total number of shareholders |
3 |
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Total share capital31 December 2006 |
EUR 1620000 |
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Bank |
BNP AG REPUBLIQUE CL CENTRE AFF LB SG CA CDN AVIGNON |
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Board members |
SOKOLOWSKI PIERRE President |
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Auditor |
RIVIERE STEPHANE Deputy auditor |
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(Part-) Owner |
MR SOKOLOWSKI PIERRE 45,00 % |
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CADRES 5,00 % |
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Parent company : |
352467831 CICLAD
PARTICIPATIONS 50,00 % |
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Subsidiary company. |
NORPROTEX IBERICA ESPAGNE 99,00 % |
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432748416 NORLICENCES 50,00
% |
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The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 30.258.601,00 |
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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 |
18.878.653,- |
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Total fixed assets |
1.019.257,- |
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Total intangible fixed assets |
2.626,- |
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Concessions and industrial rights, goodwill |
2.626,- |
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Total tangible fixed assets |
382.719,- |
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Land and buildings |
288.051,- |
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Plant, machinery and equipment |
30.057,- |
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Total financial fixed assets |
633.912,- |
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Loans, shares and participations |
430.895,- |
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Total Current assets |
17.859.396,- |
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Inventories and work in progress (incl. prepayments) |
6.375.828,- |
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Accounts receivable (trade) |
6.338.517,- |
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Cash in hand and at bank |
3.767.060,- |
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Total accrued income and prepaid expenses |
94.615,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
18.878.653,- |
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Total equity (Shareholders' funds) |
2.150.444,- |
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Issued (subscribed) capital |
1.620.000,- |
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Legal reserves |
162.000,- |
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Profit or loss carried forward |
-1.407.653,- |
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Profit or loss for the previous year |
976.406,- |
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Profit or loss for the financial year |
345.897,- |
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Total provisions |
50.000,- |
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Total liabilities |
16.678.209,- |
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Total long-term liabilities |
7.984.959,- |
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Long-term Loans, Mortgage debts |
6.244.936,- |
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Long-term liabilities to credit institutions |
1.740.023,- |
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Total current liabilities |
8.693.250,- |
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Current accounts payable (trade) |
4.354.707,- |
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Income and social tax liabilities |
632.868,- |
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Borrowing ratio |
763,85 % |
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Current ratio |
205,44 % |
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Debt gearing |
365,70 % |
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Profit margin. |
2,56 % |
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Quick ratio |
132,10 % |
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Return on assets |
4,10 % |
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Return on equity. |
15,84 % |
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Solidity or equity ratio |
11,57 % |
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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 |
31.399.938,- |
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Main revenue (sales/turnover) |
30.258.601,- |
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Total operating expenses |
30.625.126,- |
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Cost of materials (type of expenditure format) |
19.997.717,- |
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Personnel costs |
1.485.992,- |
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Depreciation |
112.793,- |
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Operating profit or loss |
774.812,- |
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Financial income |
82.951,- |
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Financial expenses |
459.434,- |
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Result of ordinary operations |
398.329,- |
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Extraordinary income |
241.769,- |
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Extraordinary expenses |
167.410,- |
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Extraordinary result |
74.359,- |
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Pre-tax and pre-appropriation profit or loss |
398.329,- |
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Taxes |
126.791,- |
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Net profit or loss |
345.897,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 33.798.180,00 |
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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 |
22.972.217,- |
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Total fixed assets |
1.133.390,- |
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Total intangible fixed assets |
4.001,- |
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Concessions and industrial rights, goodwill |
4.001,- |
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Total tangible fixed assets |
470.138,- |
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Land and buildings |
344.889,- |
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Plant, machinery and equipment |
39.505,- |
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Total financial fixed assets |
659.252,- |
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Loans, shares and participations |
444.235,- |
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Total Current assets |
21.838.827,- |
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Inventories and work in progress (incl. prepayments) |
5.613.454,- |
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Accounts receivable (trade) |
7.007.920,- |
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Investments (short-term) |
2.263.824,- |
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Cash in hand and at bank |
5.572.584,- |
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Total accrued income and prepaid expenses |
89.123,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
22.972.217,- |
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Total equity (Shareholders' funds) |
4.480.951,- |
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Issued (subscribed) capital |
1.620.000,- |
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Legal reserves |
162.000,- |
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Profit or loss carried forward |
-1.407.653,- |
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Profit or loss for the previous year |
1.368.353,- |
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Profit or loss for the financial year |
976.406,- |
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Total provisions |
148.632,- |
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Total liabilities |
18.342.634,- |
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Total long-term liabilities |
8.547.096,- |
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Long-term Loans, Mortgage debts |
5.966.902,- |
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Long-term liabilities to credit institutions |
2.580.194,- |
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Total current liabilities |
9.795.538,- |
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Current accounts payable (trade) |
4.319.460,- |
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Income and social tax liabilities |
1.203.455,- |
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Borrowing ratio |
400,58 % |
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Current ratio |
222,95 % |
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Debt gearing |
186,66 % |
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Profit margin. |
6,20 % |
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Quick ratio |
165,64 % |
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Return on assets |
9,13 % |
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Return on equity. |
21,32 % |
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Solidity or equity ratio |
19,93 % |
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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 |
34.965.921,- |
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Main revenue (sales/turnover) |
33.798.180,- |
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Total operating expenses |
32.869.047,- |
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Cost of materials (type of expenditure format) |
21.050.975,- |
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Personnel costs |
1.567.440,- |
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Depreciation |
155.773,- |
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Operating profit or loss |
2.096.874,- |
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Financial income |
46.131,- |
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Financial expenses |
357.237,- |
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Result of ordinary operations |
1.785.767,- |
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Extraordinary income |
21.244,- |
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Extraordinary expenses |
195.003,- |
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Extraordinary result |
-173.759,- |
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Pre-tax and pre-appropriation profit or loss |
1.785.767,- |
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Taxes |
635.602,- |
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Net profit or loss |
976.406,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 35.074.719,00 |
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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 |
23.248.763,- |
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Total fixed assets |
1.023.405,- |
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Total intangible fixed assets |
55.006,- |
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Concessions and industrial rights, goodwill |
55.006,- |
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Total tangible fixed assets |
549.218,- |
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Land and buildings |
383.136,- |
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Plant, machinery and equipment |
45.131,- |
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Total financial fixed assets |
419.180,- |
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Loans, shares and participations |
159.631,- |
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Total Current assets |
20.817.705,- |
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Inventories and work in progress (incl. prepayments) |
5.303.526,- |
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Accounts receivable (trade) |
8.060.791,- |
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Cash in hand and at bank |
5.377.562,- |
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Total accrued income and prepaid expenses |
1.659.969,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
23.248.763,- |
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Total equity (Shareholders' funds) |
8.460.198,- |
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Issued (subscribed) capital |
1.620.000,- |
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Legal reserves |
162.000,- |
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Profit or loss carried forward |
-476.061,- |
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Profit or loss for the financial year |
1.368.353,- |
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Total provisions |
30.000,- |
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Total liabilities |
14.758.564,- |
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Total long-term liabilities |
3.340.719,- |
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Long-term Loans, Mortgage debts |
390.475,- |
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Long-term liabilities to credit institutions |
2.950.244,- |
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Total current liabilities |
11.417.845,- |
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Current accounts payable (trade) |
4.042.015,- |
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Income and social tax liabilities |
1.972.566,- |
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Borrowing ratio |
174,04 % |
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Current ratio |
182,33 % |
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Debt gearing |
39,40 % |
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Profit margin. |
6,89 % |
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Quick ratio |
135,88 % |
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Return on assets |
10,40 % |
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Return on equity. |
16,14 % |
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Solidity or equity ratio |
36,48 % |
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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 |
37.471.282,- |
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Main revenue (sales/turnover) |
35.074.719,- |
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Total operating expenses |
35.054.335,- |
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Cost of materials (type of expenditure format) |
20.952.074,- |
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Personnel costs |
1.612.050,- |
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Depreciation |
1.613.695,- |
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Operating profit or loss |
2.416.947,- |
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Financial income |
14.502,- |
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Financial expenses |
354.281,- |
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Result of ordinary operations |
2.077.168,- |
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Extraordinary income |
347.999,- |
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Extraordinary expenses |
418.473,- |
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Extraordinary result |
-70.474,- |
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Pre-tax and pre-appropriation profit or loss |
2.077.168,- |
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Taxes |
638.341,- |
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Net profit or loss |
1.368.353,- |
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%)