MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BARNIER ET FILS |
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Registered Office : |
Rue De La Loire 42160 Andrezieux Boutheon |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.01.1966 |
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Com. Reg. No.: |
66B00008, MONTBRISON |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Pumps and Compressors |
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 120000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BARNIER ET FILS
RUE DE LA
LOIRE
42160 ANDREZIEUX
BOUTHEON FR
Tel. Number
+33-4-77550164
Fax number
+33-4-77365073
Business founded
01 January 1966
Registration number
66B00008,
MONTBRISON,
party identification
886650084,
Legal form
Public limited
company (no information regarding quotation)
Activities
Manufacture of
pumps and compressors
Payment experience
Payment regular
Credit opinion
Normal
creditworthiness
Maximum credit limit 120000 EUR is advised
The exportvolume in percentage of total sales for the company. 16,21
Financial structure (balance sheet analysis) : Balanced
Cash situation (balance sheet analysis) : Good
Profitability (balance sheet analysis) : Feeble
Commitments (regarding contractual obligations) : Fulfilled („respectés“)
Payment defaults : None
Employees (Business)
50
Total number of shareholders
1
Total share capital31 December 2006 EUR 164294
Bank
BNP 42 ST ETIENNE
TERRA SG 42 ANDREZIEUX BOUTHEON, BP CDN 59 DOUAI
Board members
PATRICK
ROBERT President
Auditor
DEGRAEUWE
DIDIER Auditor
DUTOIT
YVAN Deputy auditor
Parent company
440829752 SAS
RIC 100,00 %
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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 9.245.198,00 |
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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 |
4.205.183,- |
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Total fixed assets |
271.160,- |
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Total intangible fixed assets |
1.524,- |
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Total tangible fixed assets |
267.235,- |
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Land and buildings |
7.548,- |
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Plant, machinery and equipment |
199.940,- |
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Total financial fixed assets |
2.401,- |
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Loans, shares and participations |
495,- |
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Total Current assets |
3.934.023,- |
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Inventories and work in progress (incl. prepayments) |
2.048.243,- |
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Accounts receivable (trade) |
785.072,- |
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Cash in hand and at bank |
440.435,- |
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Total accrued income and prepaid expenses |
13.349,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
4.205.183,- |
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Total equity (Shareholders' funds) |
431.239,- |
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Issued (subscribed) capital |
164.294,- |
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Legal reserves |
21.792,- |
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Profit or loss carried forward |
-216.308,- |
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Profit or loss for the previous year |
-179.488,- |
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Profit or loss for the financial year |
13.625,- |
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Total provisions |
92.318,- |
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Total liabilities |
3.681.626,- |
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Total long-term liabilities |
96.133,- |
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Long-term Loans, Mortgage debts |
95.845,- |
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Long-term liabilities to credit institutions |
288,- |
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Total current liabilities |
3.519.594,- |
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Current accounts payable (trade) |
2.819.168,- |
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Income and social tax liabilities |
479.704,- |
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Total accrued expenses and deferred income |
65.900,- |
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Borrowing ratio |
748,04 % |
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Current ratio |
109,72 % |
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Debt gearing |
19,53 % |
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Profit margin. |
0,35 % |
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Quick ratio |
52,59 % |
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Return on assets |
0,77 % |
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Return on equity. |
2,77 % |
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Solidity or equity ratio |
11,70 % |
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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 |
10.158.226,- |
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Main revenue (sales/turnover) |
9.245.198,- |
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Total operating expenses |
10.125.847,- |
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Personnel costs |
1.406.879,- |
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Depreciation |
75.680,- |
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Operating profit or loss |
32.379,- |
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Financial income |
1.058,- |
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Financial expenses |
119.035,- |
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Result of ordinary operations |
-85.598,- |
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Extraordinary income |
85.598,- |
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Extraordinary expenses |
1,- |
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Extraordinary result |
85.598,- |
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Pre-tax and pre-appropriation profit or loss |
-85.598,- |
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Taxes |
-13.625,- |
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Net profit or loss |
13.625,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 8.753.346,00 |
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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 |
3.257.646,- |
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Total fixed assets |
289.141,- |
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Total intangible fixed assets |
1.524,- |
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Total tangible fixed assets |
285.216,- |
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Land and buildings |
10.027,- |
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Plant, machinery and equipment |
203.616,- |
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Total financial fixed assets |
2.401,- |
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Loans, shares and participations |
495,- |
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Total Current assets |
2.968.505,- |
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Inventories and work in progress (incl. prepayments) |
1.163.738,- |
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Accounts receivable (trade) |
1.001.398,- |
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Cash in hand and at bank |
83.747,- |
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Total accrued income and prepaid expenses |
13.229,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.257.646,- |
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Total equity (Shareholders' funds) |
417.614,- |
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Issued (subscribed) capital |
164.294,- |
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Legal reserves |
21.792,- |
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Profit or loss carried forward |
-36.820,- |
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Profit or loss for the financial year |
-179.488,- |
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Total provisions |
87.533,- |
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Total liabilities |
2.752.499,- |
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Total long-term liabilities |
141.262,- |
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Long-term Loans, Mortgage debts |
93.788,- |
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Long-term liabilities to credit institutions |
47.474,- |
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Total current liabilities |
2.611.237,- |
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Current accounts payable (trade) |
1.965.419,- |
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Income and social tax liabilities |
542.335,- |
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Borrowing ratio |
579,00 % |
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Current ratio |
113,68 % |
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Debt gearing |
29,72 % |
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Profit margin. |
-0,83 % |
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Quick ratio |
69,12 % |
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Return on assets |
-2,24 % |
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Return on equity. |
-37,76 % |
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Solidity or equity ratio |
14,59 % |
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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 |
8.735.135,- |
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Main revenue (sales/turnover) |
8.753.346,- |
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Total operating expenses |
8.808.066,- |
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Personnel costs |
1.358.610,- |
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Depreciation |
77.500,- |
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Operating profit or loss |
-72.931,- |
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Financial income |
2.293,- |
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Financial expenses |
79.206,- |
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Result of ordinary operations |
-149.844,- |
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Extraordinary income |
112,- |
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Extraordinary expenses |
4.225,- |
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Extraordinary result |
-4.113,- |
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Pre-tax and pre-appropriation profit or loss |
-149.844,- |
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Taxes |
25.531,- |
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Net profit or loss |
-179.488,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 6.963.391,00 |
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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 |
3.219.237,- |
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Total fixed assets |
364.365,- |
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Total intangible fixed assets |
1.524,- |
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Total tangible fixed assets |
360.598,- |
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Land and buildings |
13.221,- |
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Plant, machinery and equipment |
244.439,- |
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Total financial fixed assets |
2.240,- |
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Loans, shares and participations |
335,- |
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Total Current assets |
2.854.871,- |
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Inventories and work in progress (incl. prepayments) |
1.197.209,- |
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Accounts receivable (trade) |
223.096,- |
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Cash in hand and at bank |
419.675,- |
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Total accrued income and prepaid expenses |
16.176,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.219.237,- |
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Total equity (Shareholders' funds) |
597.102,- |
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Issued (subscribed) capital |
164.294,- |
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Legal reserves |
21.791,- |
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Profit or loss carried forward |
-36.820,- |
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Total provisions |
69.633,- |
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Total liabilities |
2.552.500,- |
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Total long-term liabilities |
215.960,- |
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Long-term Loans, Mortgage debts |
84.747,- |
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Long-term liabilities to credit institutions |
131.213,- |
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Total current liabilities |
2.336.537,- |
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Current accounts payable (trade) |
1.803.896,- |
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Income and social tax liabilities |
520.238,- |
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Borrowing ratio |
396,93 % |
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Current ratio |
122,18 % |
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Debt gearing |
33,58 % |
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Profit margin. |
-0,60 % |
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Quick ratio |
70,95 % |
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Return on assets |
-1,29 % |
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Solidity or equity ratio |
19,98 % |
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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 |
7.234.782,- |
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Main revenue (sales/turnover) |
6.963.391,- |
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Total operating expenses |
7.276.294,- |
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Personnel costs |
1.371.374,- |
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Depreciation |
90.028,- |
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Operating profit or loss |
-41.512,- |
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Financial income |
556,- |
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Financial expenses |
61.441,- |
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Result of ordinary operations |
-102.397,- |
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Extraordinary income |
103.704,- |
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Extraordinary expenses |
1.306,- |
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Extraordinary result |
102.397,- |
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Pre-tax and pre-appropriation profit or loss |
-102.397,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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%)