MIRA
INFORM REPORT
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Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOLVIN FRANCE |
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Registered Office : |
25 Rue De Clichy 75009 Paris 09 |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24.11.1997 |
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Com. Reg. No.: |
97B16081, PARIS |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Manufacture of Plastics in Primary Forms |
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
SOLVIN FRANCE
25 RUE DE CLICHY
75009 PARIS 09 FR
Tel. Number +33-1-40758071
Fax number +33-1-45635725
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Business founded |
24 November 1997 |
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Business registered |
25 November 1997 - Public limited company - board
of administration |
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Registration number, |
97B16081, PARIS, |
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party identification, |
414574277, |
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Legal form |
Public limited company - board of administration |
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Activities |
Manufacture of plastics in primary forms |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Maximum credit limit 150000 EUR is advised |
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The exportvolume in percentage of total sales for
the company. 60,22 |
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Financial structure (balance sheet
analysis) : Good |
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Cash situation (balance sheet
analysis) : Weak |
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Profitability (balance sheet
analysis) : Good |
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Commitments (regarding contractual
obligations) : Fulfilled („respectés“) |
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Payment defaults : None |
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Employees (Business) |
10 |
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Total number of shareholders |
7 |
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Total share capital31 December 2006 |
EUR 12717015 |
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Branch office(s) |
AVENUE DE LA REPUBLIQUE,39500
TAVAUX |
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Others |
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Bank |
SG 75 PARIS 8 - BNP |
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Boardmembers |
PLESKA JEAN-PIERRE Chairman of
the board |
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CLERGET XAVIER Boardmember |
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DE WACHTER CARL Boardmember |
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TUCOULAT PIERRE Boardmember |
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MES EMIEL Boardmember |
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MALVALDI ALESSANDRO Boardmember |
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Management |
TUCOULAT PIERRE Managing
director |
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(Part-) Owner |
757801261 SOLVAY FINANCE
FRANCE |
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MR NEU NICOLAS |
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MR CLERGET XAVIER |
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MR MESLAND JEAN-MICHEL |
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MR DE WACHTER CARL |
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MR DEHEM FRANCOIS |
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Parent company : |
SOLVIN HOLDING GMBH 99,00
% |
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Associate company. |
418753323 VINYLBERRE 35,00
% |
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311867857 VINYLFOS 21,00
% |
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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 455.704.141,00 |
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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 |
217.603.726,- |
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Total fixed assets |
97.227.769,- |
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Total intangible fixed assets |
2.701,- |
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Concessions and industrial rights, goodwill |
2.701,- |
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Total tangible fixed assets |
88.906.254,- |
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Land and buildings |
6.509.576,- |
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Plant, machinery and equipment |
65.091.230,- |
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Total financial fixed assets |
8.318.815,- |
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Loans, shares and participations |
8.311.489,- |
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Total Current assets |
120.375.957,- |
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Inventories and work in progress (incl.
prepayments) |
24.960.242,- |
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Accounts receivable (trade) |
89.380.249,- |
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Total accrued income and prepaid expenses |
895.015,- |
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Total equity, provisions, liabilities, accrued
expenses and deferred income |
217.603.726,- |
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Total equity (Shareholders' funds) |
62.236.035,- |
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Issued (subscribed) capital |
12.717.015,- |
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Share premium account (capital reserve) |
9.075,- |
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Legal reserves |
1.292.464,- |
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Profit or loss carried forward |
7.506,- |
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Profit or loss for the previous year |
14.435.263,- |
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Profit or loss for the financial year |
16.818.419,- |
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Total provisions |
3.439.253,- |
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Total liabilities |
151.928.438,- |
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Total long-term liabilities |
87.236.736,- |
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Long-term Loans, Mortgage debts |
87.236.736,- |
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Total current liabilities |
64.691.703,- |
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Current accounts payable (trade) |
41.642.067,- |
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Income and social tax liabilities |
7.271.930,- |
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Borrowing ratio |
235,53 % |
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Current ratio |
186,08 % |
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Debt gearing |
135,24 % |
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Profit margin. |
7,24 % |
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Quick ratio |
147,49 % |
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Return on assets |
15,15 % |
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Return on equity. |
26,07 % |
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Solidity or equity ratio |
29,64 % |
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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 |
386.458.145,- |
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Main revenue (sales/turnover) |
455.704.141,- |
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Total operating expenses |
353.486.044,- |
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Cost of materials (type of expenditure format) |
50.904.690,- |
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Personnel costs |
659.431,- |
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Depreciation |
8.622.200,- |
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Operating profit or loss |
32.972.100,- |
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Financial income |
755.448,- |
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Financial expenses |
3.764.629,- |
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Result of ordinary operations |
29.962.919,- |
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Extraordinary income |
2.473.184,- |
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Extraordinary expenses |
7.908.549,- |
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Extraordinary result |
-5.435.365,- |
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Pre-tax and pre-appropriation profit or loss |
29.962.920,- |
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Taxes |
7.636.492,- |
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Net profit or loss |
16.818.419,- |
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Turnover for the period: 00 0000 - 31
December 2005 in EUR 387.723.889,00 |
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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 |
198.919.086,- |
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Total fixed assets |
85.488.345,- |
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Total intangible fixed assets |
13.245,- |
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Concessions and industrial rights, goodwill |
13.245,- |
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Total tangible fixed assets |
74.653.885,- |
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Land and buildings |
6.607.034,- |
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Plant, machinery and equipment |
60.854.622,- |
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Total financial fixed assets |
10.821.215,- |
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Loans, shares and participations |
10.813.889,- |
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Total Current assets |
113.430.741,- |
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Inventories and work in progress (incl.
prepayments) |
25.308.423,- |
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Accounts receivable (trade) |
80.933.355,- |
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Total accrued income and prepaid expenses |
919.291,- |
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Total equity, provisions, liabilities, accrued expenses
and deferred income |
198.919.086,- |
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Total equity (Shareholders' funds) |
54.538.169,- |
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Issued (subscribed) capital |
12.717.015,- |
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Share premium account (capital reserve) |
9.075,- |
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Legal reserves |
1.292.464,- |
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Profit or loss carried forward |
1.816,- |
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Profit or loss for the previous year |
12.646.742,- |
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Profit or loss for the financial year |
14.435.263,- |
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Total provisions |
1.363.620,- |
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Total liabilities |
143.017.296,- |
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Total long-term liabilities |
95.016.148,- |
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Long-term Loans, Mortgage debts |
94.993.646,- |
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Long-term liabilities to credit institutions |
22.502,- |
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Total current liabilities |
48.001.148,- |
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Current accounts payable (trade) |
39.112.603,- |
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Income and social tax liabilities |
2.755.908,- |
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Borrowing ratio |
257,98 % |
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Current ratio |
236,31 % |
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Debt gearing |
171,39 % |
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Profit margin. |
6,40 % |
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Quick ratio |
183,58 % |
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Return on assets |
12,48 % |
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Return on equity. |
26,04 % |
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Solidity or equity ratio |
27,87 % |
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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 |
344.813.997,- |
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Main revenue (sales/turnover) |
387.723.889,- |
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Total operating expenses |
319.984.428,- |
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Cost of materials (type of expenditure format) |
53.849.502,- |
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Personnel costs |
-163.551,- |
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Depreciation |
7.610.072,- |
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Operating profit or loss |
24.829.569,- |
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Financial income |
2.855.764,- |
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Financial expenses |
3.151.841,- |
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Result of ordinary operations |
24.533.492,- |
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Extraordinary income |
3.862.996,- |
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Extraordinary expenses |
9.213.298,- |
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Extraordinary result |
-5.350.303,- |
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Pre-tax and pre-appropriation profit or loss |
24.533.492,- |
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Taxes |
4.559.152,- |
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Net profit or loss |
14.435.263,- |
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Turnover for the period: 00 0000 - 31
December 2004 in EUR 384.091.682,00 |
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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 |
189.278.966,- |
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Total fixed assets |
74.540.255,- |
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Total intangible fixed assets |
20.999,- |
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Concessions and industrial rights, goodwill |
20.999,- |
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Total tangible fixed assets |
66.203.041,- |
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Land and buildings |
6.765.070,- |
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Plant, machinery and equipment |
37.312.235,- |
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Total financial fixed assets |
8.316.215,- |
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Loans, shares and participations |
8.311.489,- |
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Total Current assets |
114.738.711,- |
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Inventories and work in progress (incl.
prepayments) |
24.175.367,- |
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Accounts receivable (trade) |
84.150.279,- |
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Total accrued income and prepaid expenses |
1.089.902,- |
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Total equity, provisions, liabilities, accrued expenses
and deferred income |
189.278.966,- |
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Total equity (Shareholders' funds) |
47.501.099,- |
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Issued (subscribed) capital |
12.717.015,- |
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Share premium account (capital reserve) |
9.075,- |
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Legal reserves |
1.292.464,- |
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Profit or loss carried forward |
4.265,- |
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Profit or loss for the financial year |
12.646.742,- |
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Total provisions |
4.128.712,- |
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Total liabilities |
137.649.154,- |
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Total long-term liabilities |
82.656.536,- |
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Long-term Loans, Mortgage debts |
50.517.776,- |
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Long-term liabilities to credit institutions |
32.138.760,- |
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Total current liabilities |
54.992.617,- |
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Current accounts payable (trade) |
31.453.046,- |
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Income and social tax liabilities |
15.024.287,- |
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Borrowing ratio |
274,06 % |
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Current ratio |
208,64 % |
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Debt gearing |
164,57 % |
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Profit margin. |
6,36 % |
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Quick ratio |
164,68 % |
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Return on assets |
12,90 % |
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Return on equity. |
25,18 % |
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Solidity or equity ratio |
26,54 % |
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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 |
355.373.944,- |
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Main revenue (sales/turnover) |
384.091.682,- |
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Total operating expenses |
330.956.173,- |
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Cost of materials (type of expenditure format) |
48.166.112,- |
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Personnel costs |
14.906.524,- |
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Depreciation |
10.615.024,- |
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Operating profit or loss |
24.417.771,- |
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Financial income |
1.039.614,- |
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Financial expenses |
3.018.779,- |
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Result of ordinary operations |
22.438.606,- |
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Extraordinary income |
3.090.179,- |
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Extraordinary expenses |
3.741.464,- |
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Extraordinary result |
-651.285,- |
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Pre-tax and pre-appropriation profit or loss |
22.438.606,- |
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Taxes |
7.690.775,- |
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Net profit or loss |
12.646.742,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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%)