MIRA
INFORM REPORT
|
Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TLD EUROPE |
|
|
|
|
Registered Office : |
Le Bourg 79420 St LIN |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
01.04.1987 |
|
|
|
|
Com. Reg. No.: |
87B00065, BRESSUIRE |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Lifting and Handling Equipment |
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
TLD EUROPE
LE BOURG
79420 ST
LIN FR
Tel. Number
+33-5-49957300
Fax number
+33-5-49706137
summary
Business founded 01 April 1987
Business
registered 04 May
1987 - Public limited company (no information regarding quotation)
Registration
number, 87B00065,
BRESSUIRE,
Party
identification, 340991546,
Legal form Public
limited company (no information regarding quotation)
Activities
Manufacture of
lifting and handling equipment
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. 86,02
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)
240
Total number of shareholders
1
Total share capital
31 December 2007 EUR 2209616
Branch office(s)
2 PLACE GUSTAVE
EIFFEL SILIC,94150 RUNGIS
21 RUE DU JURA
SILIC,94150 RUNGIS
THUISSEAU,37270
MONTLOUIS SUR LOIRE
Bank
CA AG ENT 37
TOURS- BNP AG ENT TOURS-CIO AG ENT NANTES, CM PARIS - SAN
Board members
CRIQUILLION
HERVE President
Parent company
955513940 TLD
GROUP 100,00 %
Subsidiary company.
377830310 TRACMA 99,99
%
|
The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
|
|
|
|
|
Turnover for the period: 00 0000 - 31 December 2007 in
EUR 103.071.722,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
|
|
|
|
Corporate
balance sheet for the year: 00 0000 - 31 December 2007 in
EUR |
|
|
Total assets incl. prepaid expenses and accrued income |
49.923.403,- |
|
Total fixed assets |
6.908.079,- |
|
Total intangible fixed assets |
20.951,- |
|
Concessions and industrial rights, goodwill |
20.951,- |
|
Total tangible fixed assets |
2.168.963,- |
|
Land and buildings |
1.743.335,- |
|
Plant, machinery and equipment |
133.598,- |
|
Total financial fixed assets |
4.718.164,- |
|
Loans, shares and participations |
4.716.145,- |
|
Total Current assets |
42.822.771,- |
|
Inventories and work in progress (incl. prepayments) |
20.216.962,- |
|
Accounts receivable (trade) |
16.431.457,- |
|
Investments (short-term) |
3.264.198,- |
|
Cash in hand and at bank |
672.769,- |
|
Total accrued income and prepaid expenses |
362.506,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
49.923.403,- |
|
Total equity (Shareholders' funds) |
10.615.081,- |
|
Issued (subscribed) capital |
2.209.616,- |
|
Share premium account (capital reserve) |
4.252.938,- |
|
Legal reserves |
220.962,- |
|
Profit or loss carried forward |
542,- |
|
Profit or loss for the previous year |
3.267.477,- |
|
Profit or loss for the financial year |
3.848.505,- |
|
Total provisions |
1.724.635,- |
|
Total liabilities |
37.538.601,- |
|
Total long-term liabilities |
7.578.397,- |
|
Long-term Loans, Mortgage debts |
7.578.397,- |
|
Total current liabilities |
26.820.744,- |
|
Current accounts payable (trade) |
18.334.574,- |
|
Income and social tax liabilities |
4.291.471,- |
|
Total accrued expenses and deferred income |
3.139.461,- |
|
Borrowing ratio |
319,39 % |
|
Current ratio |
142,93 % |
|
Debt gearing |
64,48 % |
|
Profit margin. |
7,27 % |
|
Quick ratio |
75,45 % |
|
Return on assets |
15,00 % |
|
Return on equity. |
32,74 % |
|
Solidity or equity ratio |
23,54 % |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 31 December 2007 in
EUR |
|
|
|
|
|
Total operating income/revenue |
104.290.128,- |
|
Main revenue (sales/turnover) |
103.071.722,- |
|
Total operating expenses |
96.800.419,- |
|
Cost of materials (type of expenditure format) |
32.036.627,- |
|
Personnel costs |
7.689.096,- |
|
Depreciation |
378.467,- |
|
Operating profit or loss |
7.489.710,- |
|
Financial income |
942.740,- |
|
Financial expenses |
1.254.859,- |
|
Result of ordinary operations |
7.177.591,- |
|
Extraordinary income |
39.459,- |
|
Extraordinary expenses |
54.328,- |
|
Extraordinary result |
-14.869,- |
|
Pre-tax and pre-appropriation profit or loss |
7.177.591,- |
|
Taxes |
2.175.592,- |
|
Net profit or loss |
3.848.505,- |
|
|
|
|
Turnover for the period: 00 0000 - 31 December 2006 in
EUR 80.225.776,00 |
|
|
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 |
47.757.893,- |
|
Total fixed assets |
6.679.221,- |
|
Total intangible fixed assets |
18.375,- |
|
Concessions and industrial rights, goodwill |
18.375,- |
|
Total tangible fixed assets |
1.942.446,- |
|
Land and buildings |
1.408.984,- |
|
Plant, machinery and equipment |
107.758,- |
|
Total financial fixed assets |
4.718.400,- |
|
Loans, shares and participations |
4.716.145,- |
|
Total Current assets |
40.900.700,- |
|
Inventories and work in progress (incl. prepayments) |
18.487.378,- |
|
Accounts receivable (trade) |
18.025.769,- |
|
Cash in hand and at bank |
2.462.682,- |
|
Total accrued income and prepaid expenses |
267.645,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
47.757.893,- |
|
Total equity (Shareholders' funds) |
10.156.233,- |
|
Issued (subscribed) capital |
2.209.616,- |
|
Share premium account (capital reserve) |
4.252.938,- |
|
Legal reserves |
220.962,- |
|
Profit or loss carried forward |
788,- |
|
Profit or loss for the previous year |
726.580,- |
|
Profit or loss for the financial year |
3.267.477,- |
|
Total provisions |
1.719.769,- |
|
Total liabilities |
35.841.464,- |
|
Total long-term liabilities |
8.673.043,- |
|
Long-term Loans, Mortgage debts |
8.673.043,- |
|
Total current liabilities |
23.438.098,- |
|
Current accounts payable (trade) |
14.719.991,- |
|
Income and social tax liabilities |
3.125.859,- |
|
Total accrued expenses and deferred income |
3.730.322,- |
|
Borrowing ratio |
-30,19 % |
|
Current ratio |
150,55 % |
|
Debt gearing |
-7,31 % |
|
Profit margin. |
5,52 % |
|
Quick ratio |
82,50 % |
|
Return on assets |
9,27 % |
|
Return on equity. |
28,94 % |
|
Solidity or equity ratio |
23,64 % |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 31 December 2006 in
EUR |
|
|
|
|
|
Total operating income/revenue |
83.529.989,- |
|
Main revenue (sales/turnover) |
80.225.776,- |
|
Total operating expenses |
79.104.614,- |
|
Cost of materials (type of expenditure format) |
21.925.901,- |
|
Personnel costs |
7.050.570,- |
|
Depreciation |
323.388,- |
|
Operating profit or loss |
4.425.375,- |
|
Financial income |
805.094,- |
|
Financial expenses |
985.382,- |
|
Result of ordinary operations |
4.245.087,- |
|
Extraordinary income |
14.830,- |
|
Extraordinary expenses |
37.260,- |
|
Extraordinary result |
-22.430,- |
|
Pre-tax and pre-appropriation profit or loss |
4.245.085,- |
|
Taxes |
523.271,- |
|
Net profit or loss |
3.267.477,- |
|
Turnover for the period: 00 0000 - 31 December 2005 in
EUR 63.316.266,00 |
|
|
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 |
37.318.074,- |
|
Total fixed assets |
6.489.453,- |
|
Total intangible fixed assets |
13.197,- |
|
Concessions and industrial rights, goodwill |
13.197,- |
|
Total tangible fixed assets |
1.758.903,- |
|
Land and buildings |
1.425.416,- |
|
Plant, machinery and equipment |
106.283,- |
|
Total financial fixed assets |
4.717.354,- |
|
Loans, shares and participations |
4.716.145,- |
|
Total Current assets |
30.820.310,- |
|
Inventories and work in progress (incl. prepayments) |
15.794.895,- |
|
Accounts receivable (trade) |
11.573.323,- |
|
Cash in hand and at bank |
880.874,- |
|
Total accrued income and prepaid expenses |
245.891,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
37.318.074,- |
|
Total equity (Shareholders' funds) |
7.570.635,- |
|
Issued (subscribed) capital |
2.209.616,- |
|
Share premium account (capital reserve) |
4.252.938,- |
|
Legal reserves |
210.534,- |
|
Profit or loss for the financial year |
726.580,- |
|
Total provisions |
1.177.614,- |
|
Total liabilities |
28.499.076,- |
|
Total long-term liabilities |
2.255.901,- |
|
Long-term Loans, Mortgage debts |
1.613.344,- |
|
Long-term liabilities to credit institutions |
642.557,- |
|
Total current liabilities |
23.469.205,- |
|
Current accounts payable (trade) |
13.418.608,- |
|
Income and social tax liabilities |
2.483.408,- |
|
Total accrued expenses and deferred income |
2.773.970,- |
|
Borrowing ratio |
341,39 % |
|
Current ratio |
117,44 % |
|
Debt gearing |
27,02 % |
|
Profit margin. |
1,85 % |
|
Quick ratio |
57,25 % |
|
Return on assets |
3,14 % |
|
Return on equity. |
8,70 % |
|
Solidity or equity ratio |
22,37 % |
|
|
|
|
Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
|
|
|
|
|
Total operating income/revenue |
65.860.060,- |
|
Main revenue (sales/turnover) |
63.316.266,- |
|
Total operating expenses |
64.686.873,- |
|
Cost of materials (type of expenditure format) |
19.414.567,- |
|
Personnel costs |
6.360.524,- |
|
Depreciation |
345.568,- |
|
Operating profit or loss |
1.173.187,- |
|
Financial income |
692.691,- |
|
Financial expenses |
1.026.254,- |
|
Result of ordinary operations |
839.624,- |
|
Extraordinary income |
9.258,- |
|
Extraordinary expenses |
15.417,- |
|
Extraordinary result |
-6.160,- |
|
Pre-tax and pre-appropriation profit or loss |
839.624,- |
|
Net profit or loss |
726.580,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
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%)