MIRA INFORM REPORT

 

 

 

Report Date :

20.07.2008

 

IDENTIFICATION DETAILS

 

Name :

MAQUET SA

 

 

Registered Office :

Avenue De La Pomme De Pin 45160 Ardon 

 

 

Country :

France

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

01.01.1978

 

 

Com. Reg. No.:

96B00220, ORLEANS

 

 

Legal Form :

Public Limited Company - Board of Administration

 

 

Line of Business :

Manufacture of Lighting Equipment and Electriclamps

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

MAQUET SA

 AVENUE DE LA POMME DE PIN

 45160 ARDON FR

Tel. Number +33-2-38258888

Fax number +33-2-38258800

 

 

 

 

Business founded

01 January 1978

Business registered

17 April 1996 - Public limited company - board of administration

Registration number,

96B00220, ORLEANS,

party identification,

311844229,

Legal form

Public limited company - board of administration

Activities

Manufacture of lighting equipment and electriclamps

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.  48,53

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Very good 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 278

Total number of shareholders

 1

Total share capital31 December 2006

EUR 8196992

Bank

SG AG RIVE GAUCHE ENTREPRISE 75 PARIS 15, BNP 75 PARIS 01   

Boardmembers

BALLHAUS HERIBERT   Chairman of the board

 

BALLHAUS HERIBERT   Boardmember

 

GRUNANDER ULF   Boardmember

 

MALMQUIST NILS   Boardmember

 

RIEDER MICHAEL   Boardmember

Management

EXSHAW SERGE   Managing director

Parent company :

419340617   GETINGE INFECTION CONTROL   100,00 %   

Subsidiary company.

ALM GMBH RFA   100,00 %   

 

MAQUET LTD UK   65,80 %   

Affiliate. A company which is affiliated with the Business.

GETINGE HOLDING USA INC   1,63 %   

 

 

 

 

 

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 85.541.944,00

 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

55.139.109,-

Total fixed assets

4.296.737,-

Total intangible fixed assets

208.128,-

Concessions and industrial rights, goodwill

187.693,-

Total tangible fixed assets

3.293.398,-

Plant, machinery and equipment

1.906.868,-

Total financial fixed assets

795.211,-

Loans, shares and participations

766.852,-

Total Current assets

50.656.827,-

Inventories and work in progress (incl. prepayments)

15.217.502,-

Accounts receivable (trade)

24.286.993,-

Cash in hand and at bank

8.187.119,-

Total accrued income and prepaid expenses

289.485,-

Total equity, provisions, liabilities, accrued expenses and deferred income

55.139.109,-

Total equity (Shareholders' funds)

21.840.342,-

Issued (subscribed) capital

8.196.992,-

Share premium account (capital reserve)

3.099.640,-

Legal reserves

819.699,-

Profit or loss carried forward

56.302,-

Profit or loss for the previous year

4.923.434,-

Profit or loss for the financial year

5.382.713,-

Total provisions

1.654.271,-

Total liabilities

31.636.493,-

Total long-term liabilities

7.151.009,-

Long-term Loans, Mortgage debts

2.004.932,-

Long-term liabilities to credit institutions

5.146.077,-

Total current liabilities

24.293.723,-

Current accounts payable (trade)

13.810.614,-

Income and social tax liabilities

8.943.826,-

Total accrued expenses and deferred income

191.761,-

Borrowing ratio

137,96 %

Current ratio

206,89 %

Debt gearing

31,18 %

Profit margin.

9,43 %

Quick ratio

144,74 %

Return on assets

14,63 %

Return on equity.

23,47 %

Solidity or equity ratio

41,59 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2006  in  EUR 

Total operating income/revenue

72.911.025,-

Main revenue (sales/turnover)

85.541.944,-

Total operating expenses

64.846.823,-

Cost of materials (type of expenditure format)

27.171.319,-

Personnel costs

10.527.455,-

Depreciation

1.217.815,-

Operating profit or loss

8.064.202,-

Financial income

655.468,-

Financial expenses

1.040.955,-

Result of ordinary operations

7.678.715,-

Extraordinary income

1.935.201,-

Extraordinary expenses

664.839,-

Extraordinary result

1.270.362,-

Pre-tax and pre-appropriation profit or loss

7.678.715,-

Taxes

2.672.933,-

Net profit or loss

5.382.713,-

 

Turnover for the period: 00 0000 - 31 December 2005  in  EUR 79.756.970,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

52.049.435,-

Total fixed assets

4.246.106,-

Total intangible fixed assets

313.207,-

Concessions and industrial rights, goodwill

292.772,-

Total tangible fixed assets

3.127.493,-

Plant, machinery and equipment

2.065.950,-

Total financial fixed assets

805.407,-

Loans, shares and participations

774.300,-

Total Current assets

47.692.313,-

Inventories and work in progress (incl. prepayments)

16.074.143,-

Accounts receivable (trade)

25.769.045,-

Cash in hand and at bank

1.598.130,-

Total accrued income and prepaid expenses

214.585,-

Total equity, provisions, liabilities, accrued expenses and deferred income

52.049.435,-

Total equity (Shareholders' funds)

21.463.899,-

Issued (subscribed) capital

8.196.992,-

Share premium account (capital reserve)

3.099.640,-

Legal reserves

819.699,-

Profit or loss carried forward

51.063,-

Profit or loss for the previous year

3.202.994,-

Profit or loss for the financial year

4.923.434,-

Total provisions

1.511.126,-

Total liabilities

29.071.375,-

Total long-term liabilities

5.079.258,-

Long-term Loans, Mortgage debts

1.534.776,-

Long-term liabilities to credit institutions

3.544.482,-

Total current liabilities

23.794.964,-

Current accounts payable (trade)

12.387.142,-

Income and social tax liabilities

7.966.448,-

Total accrued expenses and deferred income

197.153,-

Borrowing ratio

129,43 %

Current ratio

198,78 %

Debt gearing

22,61 %

Profit margin.

10,24 %

Quick ratio

131,79 %

Return on assets

15,69 %

Return on equity.

21,92 %

Solidity or equity ratio

43,15 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Total operating income/revenue

67.573.046,-

Main revenue (sales/turnover)

79.756.970,-

Total operating expenses

59.407.720,-

Cost of materials (type of expenditure format)

26.185.746,-

Personnel costs

10.080.608,-

Depreciation

1.364.471,-

Operating profit or loss

8.165.326,-

Financial income

952.802,-

Financial expenses

1.185.912,-

Result of ordinary operations

7.932.215,-

Extraordinary income

384.203,-

Extraordinary expenses

364.315,-

Extraordinary result

19.889,-

Pre-tax and pre-appropriation profit or loss

7.932.216,-

Taxes

2.297.934,-

Net profit or loss

4.923.434,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 83.348.138,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

48.031.158,-

Total fixed assets

4.413.908,-

Total intangible fixed assets

504.134,-

Concessions and industrial rights, goodwill

483.699,-

Total tangible fixed assets

3.104.863,-

Plant, machinery and equipment

1.999.623,-

Total financial fixed assets

804.911,-

Loans, shares and participations

773.133,-

Total Current assets

43.587.740,-

Inventories and work in progress (incl. prepayments)

14.004.320,-

Accounts receivable (trade)

22.206.797,-

Cash in hand and at bank

2.282.081,-

Total accrued income and prepaid expenses

145.044,-

Total equity, provisions, liabilities, accrued expenses and deferred income

48.031.158,-

Total equity (Shareholders' funds)

19.756.432,-

Issued (subscribed) capital

8.196.992,-

Share premium account (capital reserve)

3.099.640,-

Legal reserves

819.699,-

Profit or loss carried forward

75.634,-

Profit or loss for the financial year

3.202.994,-

Total provisions

1.935.674,-

Total liabilities

26.321.719,-

Total long-term liabilities

5.029.584,-

Long-term Loans, Mortgage debts

1.470.116,-

Long-term liabilities to credit institutions

3.559.468,-

Total current liabilities

21.164.060,-

Current accounts payable (trade)

10.189.463,-

Income and social tax liabilities

9.094.703,-

Total accrued expenses and deferred income

128.075,-

Borrowing ratio

125,14 %

Current ratio

204,71 %

Debt gearing

23,91 %

Profit margin.

10,34 %

Quick ratio

138,94 %

Return on assets

17,94 %

Return on equity.

15,23 %

Solidity or equity ratio

43,79 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Total operating income/revenue

71.060.454,-

Main revenue (sales/turnover)

83.348.138,-

Total operating expenses

62.442.306,-

Cost of materials (type of expenditure format)

25.072.644,-

Personnel costs

11.237.046,-

Depreciation

1.185.095,-

Operating profit or loss

8.618.148,-

Financial income

927.127,-

Financial expenses

916.235,-

Result of ordinary operations

8.629.040,-

Extraordinary income

385.148,-

Extraordinary expenses

2.205.472,-

Extraordinary result

-1.820.324,-

Pre-tax and pre-appropriation profit or loss

8.629.040,-

Taxes

2.794.238,-

Net profit or loss

3.202.994,-

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.78

UK Pound

1

Rs.85.51

Euro

1

Rs.67.90

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions