MIRA
INFORM REPORT
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Report Date : |
30.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
EUROTECH INTERNATIONAL SA |
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Registered Office : |
21 Avenue, Saint Fiacre 78100 ST, Germain En Laye |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.03.1991 |
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Com. Reg. No.: |
91B00822, Versailles |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesale of miscellaneous machinery for use in industry, trade and
navigation. |
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 |
Company Name and
Address
EUROTECH
INTERNATIONAL
21
AVENUE SAINT FIACRE
78100 ST
GERMAIN EN LAYE FR
Tel. Number +33-1-39101218
Business founded 01 March 1991
Business registered 21 March 1991 - Public limited company - board of
administration
Registration number, 91B00822, VERSAILLES,
party identification, 381175843,
Legal form Public
limited company - board of administration
Activities Wholesale
of miscellaneous machinery for use inindustry, trade and navigation
Payment experience Payment regular
Credit opinion High creditworthiness
Maximum
credit limit 150000 EUR is advised
The
exportvolume in percentage of total sales for the company. 2,56
Financial
structure (balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Good
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business) 14
Total number of shareholders 1
Total share capital31 December 2006 EUR 200000
Branch office(s) 45 RUE DE LA LIBERTE,78100 ST GERMAIN EN
LAYE
Others
Bank CL
AG ENTREPRISE 78 SAINT GERMAIN EN LAYE
Boardmembers GABILAN
DAVID Chairman of the board
MARGERIT
GILLES Boardmember
Management GABILAN
DAVID Managing director
Auditor RAVEL
ALAIN Deputy auditor
Parent company : 413215641 SGDM 99,30
%
Subsidiary company. STERLING LOGISTIC SERVICES
LIMITED 100,00 %
CAPITAL
LOGISTIC SERVICES USA 71,89 %
The business owns or partly owns one or more pieces of land and
buildings? No (Property)
Turnover for the period: 00 0000 - 31 December 2006 in
EUR 13.384.303,00
Not consolidated profit and loss turnover of the business:
Corporate balance sheet for the year: 00 0000 - 31 December
2006 in EUR
Total assets incl. prepaid expenses and
accrued income 4.755.870,-
Total fixed assets 91.919,-
Total tangible fixed assets 71.641,-
Total financial fixed assets 20.278,-
Total Current assets 4.663.852,-
Inventories and work in progress (incl.
prepayments) 555.222,-
Accounts receivable (trade) 3.333.383,-
Cash in hand and at bank 543.572,-
Total accrued income and prepaid expenses 11.546,-
Total equity, provisions, liabilities, accrued
expenses and deferred income 4.755.870,-
Total equity (Shareholders' funds) 1.412.903,-
Issued (subscribed) capital 200.000,-
Legal reserves 20.000,-
Profit or loss for the previous year 632.706,-
Profit or loss for the financial year 459.443,-
Total liabilities 3.342.451,-
Total long-term liabilities 270.607,-
Long-term Loans, Mortgage debts 257.533,-
Long-term liabilities to credit institutions 13.074,-
Total current liabilities 3.071.843,-
Current accounts payable (trade) 2.279.247,-
Income and social tax liabilities 350.418,-
Borrowing ratio 236,57
%
Current ratio 151,83
%
Debt gearing 19,15
%
Profit margin. 5,49
%
Quick ratio 133,75
%
Return on assets 15,45
%
Return on equity. 32,52
%
Solidity or equity ratio 29,71
%
Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR
Total operating income/revenue 13.385.876,-
Main revenue (sales/turnover) 13.384.303,-
Total operating expenses 12.651.069,-
Cost of materials (type of expenditure
format) 11.229.878,-
Personnel costs 456.143,-
Depreciation 49.228,-
Operating profit or loss 734.807,-
Financial income 14.761,-
Financial expenses 23.647,-
Result of ordinary operations 725.921,-
Extraordinary income 28.103,-
Extraordinary expenses 28.889,-
Extraordinary result -786,-
Pre-tax and pre-appropriation profit or loss 725.921,-
Taxes 234.748,-
Net profit or loss 459.443,-
Turnover for the period: 00 0000 - 31 December 2000 in
EUR 9.997.312,00
Not consolidated profit and loss turnover of the business:
Corporate balance sheet for the year: 00 0000 - 31 December
2000 in EUR
Total assets incl. prepaid expenses and accrued
income 2.971.857,-
Total fixed assets 207.934,-
Total tangible fixed assets 190.498,-
Plant, machinery and equipment 4.186,-
Total financial fixed assets 17.436,-
Total Current assets 2.761.552,-
Inventories and work in progress (incl.
prepayments) 188.873,-
Accounts receivable (trade) 1.975.909,-
Cash in hand and at bank 54.920,-
Total accrued income and prepaid expenses 13.199,-
Total equity, provisions, liabilities,
accrued expenses and deferred income 2.971.857,-
Total equity (Shareholders' funds) 1.301.968,-
Issued (subscribed) capital 76.225,-
Legal reserves 67.402,-
Profit or loss for the previous year 447.734,-
Profit or loss for the financial year 632.706,-
Total liabilities 1.660.160,-
Total long-term liabilities 81.526,-
Long-term liabilities to credit institutions 81.526,-
Total current liabilities 1.578.634,-
Current accounts payable (trade) 692.688,-
Income and social tax liabilities 324.859,-
Borrowing ratio 127,51
%
Current ratio 174,93
%
Debt gearing 6,26
%
Profit margin. 10,21
%
Quick ratio 162,97
%
Return on assets 34,36
%
Return on equity. 48,60
%
Solidity or equity ratio 43,81
%
Corporate profit and loss account for the year: 00 0000 - 31 December
2000 in EUR
Total operating income/revenue 9.999.863,-
Main revenue (sales/turnover) 9.997.312,-
Total operating expenses 8.978.764,-
Cost of materials (type of expenditure
format) 8.011.942,-
Personnel costs 170.695,-
Depreciation 34.245,-
Operating profit or loss 1.021.099,-
Financial income 88.433,-
Financial expenses 107.425,-
Result of ordinary operations 1.002.107,-
Extraordinary income 29.658,-
Extraordinary expenses 24.888,-
Extraordinary result 4.771,-
Pre-tax and pre-appropriation profit or loss 1.002.107,-
Taxes 374.171,-
Net profit or loss 632.706,-
Turnover for the period: 00 0000 - 31 December 1999 in
EUR 5.192.309,00
Not consolidated profit and loss turnover of the business:
Corporate balance sheet for the year: 00 0000 - 31 December
1999 in EUR
Total assets incl. prepaid expenses and
accrued income 3.080.715,-
Total fixed assets 89.098,-
Total intangible fixed assets 150,-
Concessions and industrial rights, goodwill 150,-
Total tangible fixed assets 82.354,-
Plant, machinery and equipment 404,-
Total financial fixed assets 6.594,-
Total Current assets 2.991.617,-
Inventories and work in progress (incl.
prepayments) 130.763,-
Accounts receivable (trade) 1.437.080,-
Cash in hand and at bank 377.911,-
Total accrued income and prepaid expenses 8.509,-
Total equity, provisions, liabilities,
accrued expenses and deferred income 3.080.715,-
Total equity (Shareholders' funds) 1.050.385,-
Issued (subscribed) capital 76.225,-
Legal reserves 67.402,-
Profit or loss for the financial year 447.734,-
Total liabilities 2.028.158,-
Total current liabilities 2.028.159,-
Current accounts payable (trade) 1.295.012,-
Income and social tax liabilities 262.309,-
Borrowing ratio 193,09
%
Current ratio 147,50
%
Profit margin. 12,78
%
Quick ratio 141,06
%
Return on assets 21,55
%
Return on equity. 42,63
%
Solidity or equity ratio 34,10
%
Corporate profit and loss account for the year: 00 0000 - 31
December 1999 in EUR
Total operating income/revenue 5.212.149,-
Main revenue (sales/turnover) 5.192.309,-
Total operating expenses 4.548.312,-
Cost of materials (type of expenditure format)
3.802.414,-
Personnel costs 115.172,-
Depreciation 16.710,-
Operating profit or loss 663.836,-
Financial income 50.282,-
Financial expenses 38.270,-
Result of ordinary operations 675.848,-
Extraordinary income 25.760,-
Extraordinary expenses 2.062,-
Extraordinary result 23.697,-
Pre-tax and pre-appropriation profit or loss 675.848,-
Taxes 251.812,-
Net profit or loss 447.734,-
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%)