MIRA
INFORM REPORT
|
Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SEDIVER SOCIETE EUROPEENNE D'ISOLATEURS EN VERRE ET
COMPOSITE |
|
|
|
|
Registered Office : |
79 Avenue
Francois Arago92000 Nanterre |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
January 1954 |
|
|
|
|
Com. Reg. No.: |
9201 85B03105 |
|
|
|
|
Legal Form : |
Private/Public Limited company |
|
|
|
|
Line of Business : |
Manufacture and Processing
of Miscellaneous Glass including Technical Glass Wear |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 150000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
SEDIVER SOCIETE EUROPEENNE D'ISOLATEURS EN VERRE ET COMPOSITE
79 AVENUE FRANCOIS ARAGO
92000 NANTERRE
Tel. Number
+33-1-46141524
Fax number
+33-1-40970433
Business founded
00 January 1954
Registration number
9201 85B03105,
Alternative trade name(s)
SEDIVER,
Legal form
Private/Public
Limited company
Activities
Manufacture and processing of miscellaneous glass
including technical glass wear
Credit opinion
High
creditworthiness
Maximum credit limit 150000 EUR is advised
Branch office(s)
79 AVENUE FRANCOIS
ARAGO 92000 NANTERRE
Bank
BNP 92 LA
DEFENSE
Board members
TABOURET
RENE Board member
(Part-) Owner
E07883711 VETROARREDO
SEDIVER SPA 100 %
Parent company
E07883711 VETROARREDO
SEDIVER SPA 100 %
Subsidiary company.
E07810001 TRADEMARK
SRL 100 %
672032943 SEDIVER
INTER EXPOR ISOLA VERRE COMPOSIT 66 %
Employees (Business)
71 50 99
|
The business owns or partly owns one or more pieces of land and
buildings? |
|
|
|
|
|
Boekperiode: 00
0000 - 31 December 2007 in EUR 103.864.367,00 |
|
|
|
|
|
Borrowing ratio |
86,03 % |
|
Sum of all costs |
100.454.074,- |
|
Current ratio |
142,88 % |
|
Current assets |
51.950.677,- |
|
Equity |
38.096.915,- |
|
Extraordinary costs/revenu |
377.237,- |
|
Fixed assets |
30.219.442,- |
|
Debt gearing |
0,74 % |
|
Long term liabilities |
316.774,- |
|
Profit margin. |
5,15 % |
|
Net result |
4.889.787,- |
|
The value of all land and
buildings owned. |
1.538.957,- |
|
Quick ratio |
134,37 % |
|
Return on assets |
6,51 % |
|
result |
5.227.973,- |
|
Return on equity. |
12,26 % |
|
issued and paid up |
29.472.420,- |
|
Short term liabilities |
36.359.649,- |
|
Solidity or equity ratio |
51,88 % |
|
Tax |
39.050,- |
|
Turnover |
103.864.367,- |
|
|
|
|
Boekperiode: 00
0000 - 31 December 2006 in EUR 88.666.026,00 |
|
|
|
|
|
Borrowing ratio |
86,02 % |
|
Sum of all costs |
91.015.972,- |
|
Current ratio |
147,32 % |
|
Current assets |
57.348.613,- |
|
Equity |
40.900.226,- |
|
Extraordinary costs/revenu |
2.463.220,- |
|
Fixed assets |
30.047.023,- |
|
Debt gearing |
0,51 % |
|
Long term liabilities |
231.582,- |
|
Profit margin. |
5,41 % |
|
Net result |
4.394.100,- |
|
The value of all land and
buildings owned. |
1.659.626,- |
|
Quick ratio |
142,3 % |
|
Return on assets |
5,49 % |
|
result |
6.785.353,- |
|
Return on equity. |
14,9 % |
|
issued and paid up |
29.472.419,- |
|
Short term liabilities |
38.928.481,- |
|
Solidity or equity ratio |
52,09 % |
|
Tax |
71.968,- |
|
Turnover |
88.666.026,- |
|
|
|
|
Boekperiode: 00
0000 - 31 December 2005 in EUR 79.517.000,00 |
|
|
|
|
|
Borrowing ratio |
35,23 % |
|
Sum of all costs |
74.712.000,- |
|
Current ratio |
303,51 % |
|
Current assets |
95.165.000,- |
|
Equity |
80.824.000,- |
|
Extraordinary costs/revenu |
57.190.000,- |
|
Fixed assets |
29.669.000,- |
|
Debt gearing |
0,06 % |
|
Long term liabilities |
50.000,- |
|
Profit margin. |
6,04 % |
|
Net result |
6.044.000,- |
|
The value of all land and
buildings owned. |
1.006.000,- |
|
Quick ratio |
287,64 % |
|
Return on assets |
3,85 % |
|
result |
60.184.000,- |
|
Return on equity. |
67,51 % |
|
issued and paid up |
29.472.000,- |
|
Short term liabilities |
31.355.000,- |
|
Solidity or equity ratio |
71,41 % |
|
Tax |
3.050.000,- |
|
Turnover |
79.517.000,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.82 |
|
UK Pound |
1 |
Rs.80.01 |
|
Euro |
1 |
Rs.63.83 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)