MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRYOSTAR SAS |
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Registered Office : |
Zone Industrielle 68220 Hesingue |
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Country : |
France |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.01.1972 |
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Com. Reg. No.: |
72B00202, MULHOUSE |
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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 150000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
CRYOSTAR SAS
ZONE
INDUSTRIELLE
68220 HESINGUE FR
Tel. Number
+33-3-89702727
Fax number
+33-3-89675954
Business founded
01 January 1972
Registration number
72B00202,
MULHOUSE,
Trade name
CRYSTOR
AUTOMATION,
party identification
947252029,
Legal form
Public limited
company (no information regarding quotation)
Activities
Manufacture of
pumps and compressors
Payment experience
Payment regular
Credit opinion
High
creditworthiness
Maximum
credit limit 150000 EUR is advised
The export volume in percentage of total sales for the company. 97,24
Financial structure (balance sheet analysis) : Good
Cash situation (balance sheet analysis) : Weak
Profitability (balance sheet analysis) : Outstanding
Commitments (regarding contractual obligations) : Fulfilled („respectés“)
Payment defaults
None
Employees (Business)
373
Total number of shareholders
1
Total share capital31 December 2007
EUR 1816400
Branch office(s)
SAINT JULIEN D
EMPARE,12700 CAPDENAC GARE
Bank
SOGENAL 68 ST
LOUIS, CCF AG SINNE 68 MULHOUSE - BNP
Board members
MEYER
DANIEL President
Auditor
NICOLAS
YVES Deputy auditor
Parent company
348046038 THE
BOC GROUP SAS 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 2007 in
EUR 180.603.105,00 |
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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 2007 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
178.739.552,- |
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Total fixed assets |
60.002.767,- |
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Total intangible fixed assets |
825.027,- |
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Concessions and industrial rights, goodwill |
658.764,- |
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Total tangible fixed assets |
19.147.800,- |
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Land and buildings |
9.865.893,- |
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Plant, machinery and equipment |
5.791.050,- |
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Total financial fixed assets |
40.029.941,- |
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Loans, shares and participations |
40.000.000,- |
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Total Current assets |
118.607.845,- |
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Inventories and work in progress (incl. prepayments) |
57.987.572,- |
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Accounts receivable (trade) |
27.407.570,- |
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Cash in hand and at bank |
788.549,- |
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Total accrued income and prepaid expenses |
384.162,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
178.739.552,- |
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Total equity (Shareholders' funds) |
65.955.971,- |
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Issued (subscribed) capital |
1.816.400,- |
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Legal reserves |
182.177,- |
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Revaluation reserves |
125.220,- |
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Profit or loss carried forward |
44.358.757,- |
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Profit or loss for the previous year |
15.516.614,- |
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Profit or loss for the financial year |
17.783.575,- |
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Total provisions |
18.033.688,- |
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Total liabilities |
94.720.266,- |
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Total long-term liabilities |
13.300,- |
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Long-term liabilities to credit institutions |
13.300,- |
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Total current liabilities |
94.706.966,- |
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Current accounts payable (trade) |
39.914.275,- |
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Income and social tax liabilities |
10.485.512,- |
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Borrowing ratio |
121,66 % |
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Current ratio |
125,24 % |
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Debt gearing |
0,02 % |
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Profit margin. |
15,92 % |
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Quick ratio |
64,01 % |
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Return on assets |
16,08 % |
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Return on equity. |
22,84 % |
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Solidity or equity ratio |
43,56 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2007 in
EUR |
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Total operating income/revenue |
213.789.745,- |
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Main revenue (sales/turnover) |
180.603.105,- |
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Total operating expenses |
185.039.919,- |
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Cost of materials (type of expenditure format) |
157.863,- |
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Personnel costs |
15.681.898,- |
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Depreciation |
2.556.451,- |
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Operating profit or loss |
28.749.826,- |
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Financial income |
2.684.242,- |
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Financial expenses |
566.821,- |
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Result of ordinary operations |
30.867.247,- |
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Extraordinary income |
149.053,- |
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Extraordinary expenses |
1.979.130,- |
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Extraordinary result |
-1.830.076,- |
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Pre-tax and pre-appropriation profit or loss |
30.867.247,- |
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Taxes |
9.383.762,- |
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Net profit or loss |
17.783.575,- |
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Turnover for the period: 00 0000 - 31 December 2006 in
EUR 166.620.393,00 |
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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 |
127.696.135,- |
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Total fixed assets |
13.423.046,- |
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Total intangible fixed assets |
848.104,- |
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Concessions and industrial rights, goodwill |
735.806,- |
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Total tangible fixed assets |
12.543.211,- |
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Land and buildings |
5.242.160,- |
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Plant, machinery and equipment |
2.103.082,- |
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Total financial fixed assets |
31.731,- |
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Total Current assets |
114.172.700,- |
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Inventories and work in progress (incl. prepayments) |
37.261.205,- |
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Accounts receivable (trade) |
14.992.133,- |
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Cash in hand and at bank |
2.304.213,- |
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Total accrued income and prepaid expenses |
592.432,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
127.696.135,- |
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Total equity (Shareholders' funds) |
47.451.061,- |
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Issued (subscribed) capital |
1.816.400,- |
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Legal reserves |
182.177,- |
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Revaluation reserves |
125.220,- |
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Profit or loss carried forward |
28.842.144,- |
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Profit or loss for the previous year |
9.140.084,- |
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Profit or loss for the financial year |
15.516.614,- |
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Total provisions |
14.529.734,- |
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Total liabilities |
65.700.758,- |
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Total long-term liabilities |
4.456,- |
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Long-term liabilities to credit institutions |
4.456,- |
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Total current liabilities |
65.696.302,- |
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Current accounts payable (trade) |
22.642.796,- |
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Income and social tax liabilities |
12.507.081,- |
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Borrowing ratio |
115,18 % |
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Current ratio |
173,79 % |
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Debt gearing |
0,01 % |
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Profit margin. |
15,88 % |
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Quick ratio |
117,07 % |
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Return on assets |
20,72 % |
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Return on equity. |
27,20 % |
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Solidity or equity ratio |
44,67 % |
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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 |
181.849.528,- |
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Main revenue (sales/turnover) |
166.620.393,- |
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Total operating expenses |
155.386.590,- |
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Cost of materials (type of expenditure format) |
1.089,- |
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Personnel costs |
15.211.265,- |
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Depreciation |
2.075.791,- |
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Operating profit or loss |
26.462.939,- |
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Financial income |
1.111.231,- |
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Financial expenses |
445.224,- |
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Result of ordinary operations |
27.128.946,- |
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Extraordinary income |
148.984,- |
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Extraordinary expenses |
1.389.839,- |
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Extraordinary result |
-1.240.855,- |
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Pre-tax and pre-appropriation profit or loss |
27.128.946,- |
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Taxes |
8.473.070,- |
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Net profit or loss |
15.516.614,- |
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Turnover for the period: 00 0000 - 30 September 2005 in
EUR 97.632.069,00 |
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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 - 30 September 2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
82.495.581,- |
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Total fixed assets |
8.682.101,- |
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Total intangible fixed assets |
173.028,- |
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Total tangible fixed assets |
8.497.175,- |
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Land and buildings |
3.326.618,- |
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Plant, machinery and equipment |
929.067,- |
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Total financial fixed assets |
11.899,- |
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Total Current assets |
73.773.598,- |
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Inventories and work in progress (incl. prepayments) |
32.583.730,- |
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Accounts receivable (trade) |
16.771.484,- |
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Cash in hand and at bank |
4.131.507,- |
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Total accrued income and prepaid expenses |
294.652,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
82.495.581,- |
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Total equity (Shareholders' funds) |
31.164.307,- |
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Issued (subscribed) capital |
1.816.400,- |
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Legal reserves |
182.177,- |
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Revaluation reserves |
125.220,- |
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Profit or loss carried forward |
19.702.060,- |
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Profit or loss for the financial year |
9.140.084,- |
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Total provisions |
9.944.637,- |
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Total liabilities |
41.381.314,- |
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Total long-term liabilities |
4.200,- |
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Long-term liabilities to credit institutions |
4.200,- |
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Total current liabilities |
41.377.113,- |
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Current accounts payable (trade) |
18.573.706,- |
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Income and social tax liabilities |
8.918.199,- |
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Borrowing ratio |
109,68 % |
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Current ratio |
178,30 % |
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Debt gearing |
0,01 % |
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Profit margin. |
16,74 % |
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Quick ratio |
99,55 % |
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Return on assets |
19,81 % |
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Return on equity. |
24,23 % |
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Solidity or equity ratio |
45,73 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 September 2005 in
EUR |
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Total operating income/revenue |
113.037.990,- |
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Main revenue (sales/turnover) |
97.632.069,- |
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Total operating expenses |
96.693.681,- |
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Personnel costs |
10.205.336,- |
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Depreciation |
1.509.182,- |
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Operating profit or loss |
16.344.310,- |
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Financial income |
1.241.803,- |
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Financial expenses |
1.020.627,- |
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Result of ordinary operations |
16.565.486,- |
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Extraordinary income |
22.083,- |
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Extraordinary expenses |
1.060.566,- |
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Extraordinary result |
-1.038.483,- |
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Pre-tax and pre-appropriation profit or loss |
16.565.486,- |
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Taxes |
4.906.816,- |
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Net profit or loss |
9.140.084,- |
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%)