MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE FILS ET
CABLES SOFILEC |
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Registered Office : |
1 Rue Du Perigord 69330 Meyzieu |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
03.11. 1986 |
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Com. Reg. No.: |
86B02504, LYON |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Manufacture of Insulated Wire and Cable |
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
SOCIETE FILS ET
CABLES SOFILEC
1 RUE DU
PERIGORD
69330 MEYZIEU FR
Tel. Number
+33-4-78045670
Fax number
+33-4-72027059
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Business founded |
03 November 1986 |
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Business registered |
09 December 1986 - Public limited company - board of administration |
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Registration number, |
86B02504, LYON, |
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Trade name, |
SOFILEC, |
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party identification, |
339321309, |
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Legal form |
Public limited company - board of administration |
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Activities |
Manufacture of insulated wire and cable |
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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 export volume in percentage of total sales for the
company. 60,36 |
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Financial structure (balance sheet analysis) : Good |
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Cash situation (balance sheet analysis) : Good |
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Profitability (balance sheet analysis) : Normal |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Employees (Business) |
152 |
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Total number of shareholders |
3 |
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Total share capital28 January 2007 |
EUR 3989440 |
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Branch office(s) |
01150 VAUX EN BUGEY |
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Others |
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Bank |
CA 69 MEYZIEU CL DECINES CHARPIEU LB RILLEUX VILLAGE |
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Board members |
DARNIOT GILLES Chairman of the board |
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CAWICO , REPRESENTED BY PIGUET RUINET HENRI Board
member |
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AQUASOURCA , REPRESENTED BY MIRMAND GERARD Board
member |
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Management |
DARNIOT GILLES Managing director |
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PIGUET RUINET HENRI Managing
director |
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Auditor |
CHABANEL BERNARD Deputy auditor |
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(Part-) Owner |
MR PIGUET RUINET HENRI 33,33 % |
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MR DARNIOT GILLES 33,33 % |
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MR BRUNET FRANCOIS 33,33 % |
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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 45.968.585,00 |
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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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ASSETS |
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Total fixed assets |
2.008.581,- |
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Total intangible fixed assets |
183.112,- |
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Total tangible fixed assets |
1.747.445,- |
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Land and buildings 41.321,- |
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Plant, machinery and equipment
: 1.333.496,- |
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Total financial fixed assets |
78.023,- |
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Loans, shares and participations
11.268,- |
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Total Current assets |
16.218.005,- |
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Inventories and work in progress (incl. prepayments) |
6.891.783,- |
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Accounts receivable (trade) |
5.362.533,- |
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Cash in hand and at bank |
3.231.008,- |
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Total accrued income and prepaid expenses and other assets |
732.681,- |
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TOTAL ASSETS |
18.226.586,- |
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Total equity (Shareholders' funds) |
8.873.882,- |
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Issued (subscribed) capital |
3.989.440,- |
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Share premium account (capital reserve) |
56.115,- |
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Legal reserves |
101.346,- |
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Profit or loss carried forward |
1.486.809,- |
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Profit or loss for the previous year |
752.632,- |
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Profit or loss for the financial year |
950.571,- |
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Total provisions |
265.533,- |
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Total long-term liabilities |
1.578.349,- |
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Total current liabilities |
7.508.822,- |
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BALANCE SUM |
18.226.586,- |
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Borrowing ratio |
100,42 % |
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Current ratio |
215,99 % |
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Debt gearing |
17,44 % |
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Profit margin. |
5,70 % |
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Quick ratio |
124,20 % |
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Return on assets |
14,37 % |
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Return on equity. |
10,50 % |
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Solidity or equity ratio |
49,65 % |
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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 |
48.257.674,- |
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Main revenue (sales/turnover) |
45.968.585,- |
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Total operating expenses |
45.638.638,- |
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Cost of materials (type of expenditure format) |
9.901,- |
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Personnel costs |
4.495.264,- |
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Depreciation |
243.666,- |
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Operating profit or loss |
2.619.036,- |
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Financial income |
22.807,- |
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Financial expenses |
390.869,- |
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Result of ordinary operations |
2.250.974,- |
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Extraordinary income |
80.166,- |
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Extraordinary expenses |
746.886,- |
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Extraordinary result |
-666.720,- |
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Pre-tax and pre-appropriation profit or loss |
2.250.973,- |
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Taxes |
465.217,- |
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Net profit or loss |
950.571,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 30.957.237,00 |
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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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ASSETS |
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Total fixed assets |
1.514.476,- |
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Total intangible fixed assets |
142.974,- |
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Concessions and industrial
rights, goodwill 6.260 |
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Total tangible fixed assets |
1.308.900,- |
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Land and buildings 44.695,- |
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Plant, machinery and equipment 1.100.846,- |
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Total financial fixed assets |
62.601,- |
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Loans, shares and participations 11.268,- |
11.268,- |
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Total Current assets |
9.467.608,- |
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Inventories and work in progress (incl. prepayments) |
4.094.367,- |
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Accounts receivable (trade) |
3.452.655,- |
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Cash in hand and at bank |
1.361.310,- |
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Total accrued income and prepaid expenses and other assets |
559.276,- |
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TOTAL ASSETS |
10.982.084,- |
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Total equity (Shareholders' funds) |
4.368.656,- |
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Issued (subscribed) capital |
1.013.460,- |
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Share premium account (capital reserve) |
32.056,- |
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Legal reserves |
101.346,- |
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Profit or loss carried forward |
753.481,- |
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Profit or loss for the previous year |
22.723,- |
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Profit or loss for the financial year |
752.632,- |
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Total provisions |
287.898,- |
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Total long-term liabilities |
1.306.269,- |
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Total current liabilities |
5.019.260,- |
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BALANCE SUM |
10.982.084,- |
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Borrowing ratio |
138,76 % |
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Current ratio |
188,63 % |
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Debt gearing |
28,65 % |
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Profit margin. |
7,43 % |
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Quick ratio |
107,05 % |
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Return on assets |
20,93 % |
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Return on equity. |
16,51 % |
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Solidity or equity ratio |
41,51 % |
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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 |
31.850.042,- |
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Main revenue (sales/turnover) |
30.957.237,- |
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Total operating expenses |
29.551.090,- |
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Cost of materials (type of expenditure format) |
30.277,- |
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Personnel costs |
4.335.929,- |
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Depreciation |
191.205,- |
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Operating profit or loss |
2.298.952,- |
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Financial income |
33.637,- |
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Financial expenses |
244.210,- |
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Result of ordinary operations |
2.088.379,- |
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Extraordinary income |
22.260,- |
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Extraordinary expenses |
679.048,- |
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Extraordinary result |
-656.788,- |
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Pre-tax and pre-appropriation profit or loss |
2.088.379,- |
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Taxes |
485.024,- |
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Net profit or loss |
752.632,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 8.277.102,00 |
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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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ASSETS |
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Total fixed assets |
1.040.166,- |
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Total intangible fixed assets |
115.613,- |
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Concessions and industrial rights, goodwill 8.899,- |
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Total tangible fixed assets |
873.219,- |
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Land and buildings 19.80,- |
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Plant, machinery and equipment 723.381,- |
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Total financial fixed assets |
51.333,- |
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Total Current assets |
3.567.244,- |
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Inventories and work in progress (incl. prepayments) |
1.739.615,- |
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Accounts receivable (trade) |
1.498.589,- |
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Investments (short-term) |
55.797,- |
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Cash in hand and at bank |
101.680,- |
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Total accrued income and prepaid expenses and other assets |
273.243,- |
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TOTAL ASSETS |
4.608.708,- |
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Total equity (Shareholders' funds) |
3.126.552,- |
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Issued (subscribed) capital |
1.013.460,- |
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Share premium account (capital reserve) |
32.056,- |
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Legal reserves |
101.346,- |
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Profit or loss carried forward |
736.791,- |
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Profit or loss for the financial year |
22.723,- |
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Total provisions |
202.993,- |
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Total long-term liabilities |
181.380,- |
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Total current liabilities |
1.095.428,- |
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BALANCE SUM |
4.608.708,0- |
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Borrowing ratio |
39,16 % |
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Current ratio |
325,65 % |
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Debt gearing |
5,56 % |
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Profit margin. |
1,26 % |
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Quick ratio |
166,84 % |
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Return on assets |
2,27 % |
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Return on equity. |
0,70 % |
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Solidity or equity ratio |
70,75 % |
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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 |
8.401.299,- |
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Main revenue (sales/turnover) |
8.277.102,- |
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Total operating expenses |
8.296.634,- |
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Personnel costs |
1.494.961,- |
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Depreciation |
273.645,- |
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Operating profit or loss |
104.665,- |
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Financial income |
16.956,- |
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Financial expenses |
72.131,- |
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Result of ordinary operations |
49.490,- |
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Extraordinary income |
16.800,- |
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Extraordinary expenses |
19.604,- |
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Extraordinary result |
-2.804,- |
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Pre-tax and pre-appropriation profit or loss |
49.490,- |
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Taxes |
23.964,- |
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Net profit or loss |
22.723,- |
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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%)