MIRA
INFORM REPORT
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Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOUFFLET
ALIMENTAIRE SA |
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Registered Office : |
41 Rue Du Petit Bruxelles 59300 Valenciennes |
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Country : |
France |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
01.01.1956 |
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Com. Reg. No.: |
56B00126, VALENCIENNES |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Grain Mill Products |
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 & adderss
SOUFFLET
ALIMENTAIRE SA
41 RUE DU
PETIT BRUXELLES
59300 VALENCIENNES FR
Tel. Number
+33-3-27200909
Fax number
+33-3-27470098
summary
Business founded 01 January 1956
Registration
number, 56B00126,
VALENCIENNES,
Trade name, CERERIFF,
Party
identification, 568801260,
Legal form Public
limited company (no information regarding quotation)
Activities
Manufacture of grain
mill products
Payment experience
Payment regular
Credit opinion
Maximum
credit limit 150000 EUR is advised
The export
volume in percentage of total sales for the company. 26,60
Financial
structure (balance sheet analysis) : Sufficient
Cash
situation (balance sheet analysis) : Sufficient
Profitability
(balance sheet analysis) : Nil
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
176
Total number of shareholders
2
Total share capital
30 June 2007 EUR 2141000
Branch office(s)
33 RUE VICTOR
LESUEUR,76290 MONTIVILLIERS
Bank
CL AG ENT 59 LILLE
- BNP AG PALE 59 VALENCIENNES, SG AG RUE PARIS 59
Board members
LIEVIN
THIERRY President
Auditor
BLEUEZ
ERIC Deputy auditor
(Part-) Owner
548503135 COSTIMEX
Parent company
642880785 J
SOUFFLET 99,97 %
Subsidiary company.
451860118 FRANCE
RIZ HOLDING 100,00 %
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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 - 30 June 2007 in
EUR 119.817.013,00 |
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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 - 30 June 2007 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
77.164.941,- |
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Total fixed assets |
30.493.102,- |
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Total intangible fixed assets |
3.220.148,- |
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Concessions and industrial rights, goodwill |
15.521,- |
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Total tangible fixed assets |
21.316.285,- |
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Land and buildings |
6.460.596,- |
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Plant, machinery and equipment |
9.361.093,- |
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Total financial fixed assets |
5.956.664,- |
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Loans, shares and participations |
833.241,- |
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Investments (long-term) |
4.701.213,- |
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Total Current assets |
46.659.780,- |
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Inventories and work in progress (incl. prepayments) |
19.421.480,- |
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Accounts receivable (trade) |
18.772.864,- |
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Cash in hand and at bank |
354.473,- |
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Total accrued income and prepaid expenses |
188.855,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
77.164.941,- |
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Total equity (Shareholders' funds) |
27.108.948,- |
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Issued (subscribed) capital |
2.141.000,- |
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Share premium account (capital reserve) |
4.992.613,- |
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Statutory reserves |
7.439.151,- |
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Legal reserves |
214.099,- |
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Profit or loss carried forward |
-1.027.612,- |
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Profit or loss for the previous year |
451.844,- |
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Profit or loss for the financial year |
-3.095.962,- |
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Total provisions |
1.296.330,- |
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Total liabilities |
48.662.113,- |
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Total long-term liabilities |
23.161.107,- |
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Long-term Loans, Mortgage debts |
13.287.338,- |
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Long-term liabilities to credit institutions |
9.873.769,- |
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Total current liabilities |
25.501.004,- |
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Current accounts payable (trade) |
19.150.775,- |
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Income and social tax liabilities |
2.158.106,- |
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Borrowing ratio |
174,01 % |
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Current ratio |
182,97 % |
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Debt gearing |
82,82 % |
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Profit margin. |
-0,81 % |
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Quick ratio |
106,81 % |
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Return on assets |
-1,25 % |
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Return on equity. |
-11,07 % |
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Solidity or equity ratio |
36,24 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 June 2007 in
EUR |
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Total operating income/revenue |
121.440.765,- |
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Main revenue (sales/turnover) |
119.817.013,- |
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Total operating expenses |
122.406.146,- |
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Cost of materials (type of expenditure format) |
5.643.138,- |
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Personnel costs |
4.834.769,- |
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Depreciation |
1.253.314,- |
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Operating profit or loss |
-965.381,- |
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Financial income |
142.224,- |
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Financial expenses |
2.211.102,- |
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Result of ordinary operations |
-3.034.259,- |
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Extraordinary income |
1.430.178,- |
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Extraordinary expenses |
2.337.976,- |
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Extraordinary result |
-907.798,- |
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Pre-tax and pre-appropriation profit or loss |
-3.034.259,- |
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Taxes |
-929.289,- |
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Net profit or loss |
-3.095.961,- |
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Turnover for the period: 00 0000 - 30 June 2006 in
EUR 114.633.972,00 |
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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 - 30 June 2006 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
63.395.459,- |
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Total fixed assets |
16.846.737,- |
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Total intangible fixed assets |
3.126.646,- |
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Concessions and industrial rights, goodwill |
19.697,- |
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Total tangible fixed assets |
11.337.996,- |
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Land and buildings |
4.367.301,- |
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Plant, machinery and equipment |
4.643.273,- |
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Total financial fixed assets |
2.382.094,- |
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Loans, shares and participations |
1.962.487,- |
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Investments (long-term) |
1.212,- |
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Total Current assets |
46.499.568,- |
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Inventories and work in progress (incl. prepayments) |
19.096.840,- |
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Accounts receivable (trade) |
16.387.166,- |
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Cash in hand and at bank |
317.521,- |
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Total accrued income and prepaid expenses |
148.292,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
63.395.459,- |
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Total equity (Shareholders' funds) |
23.368.328,- |
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Issued (subscribed) capital |
2.141.000,- |
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Share premium account (capital reserve) |
4.992.613,- |
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Statutory reserves |
7.439.151,- |
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Legal reserves |
214.099,- |
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Profit or loss for the previous year |
2.325.477,- |
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Profit or loss for the financial year |
451.844,- |
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Total provisions |
380.152,- |
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Total liabilities |
39.638.593,- |
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Total long-term liabilities |
9.156.661,- |
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Long-term Loans, Mortgage debts |
276.661,- |
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Long-term liabilities to credit institutions |
8.880.000,- |
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Total current liabilities |
30.481.929,- |
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Current accounts payable (trade) |
20.369.581,- |
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Income and social tax liabilities |
5.261.409,- |
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Borrowing ratio |
167,82 % |
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Current ratio |
152,55 % |
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Debt gearing |
38,77 % |
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Profit margin. |
1,06 % |
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Quick ratio |
89,90 % |
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Return on assets |
1,91 % |
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Return on equity. |
1,91 % |
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Solidity or equity ratio |
37,26 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 June 2006 in
EUR |
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Total operating income/revenue |
114.273.352,- |
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Main revenue (sales/turnover) |
114.633.972,- |
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Total operating expenses |
113.062.925,- |
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Cost of materials (type of expenditure format) |
8.044.102,- |
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Personnel costs |
4.757.146,- |
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Depreciation |
2.100.469,- |
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Operating profit or loss |
1.210.426,- |
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Financial income |
161.035,- |
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Financial expenses |
488.351,- |
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Result of ordinary operations |
883.111,- |
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Extraordinary income |
1.054.032,- |
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Extraordinary expenses |
1.348.061,- |
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Extraordinary result |
-294.029,- |
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Pre-tax and pre-appropriation profit or loss |
883.110,- |
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Taxes |
101.161,- |
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Net profit or loss |
451.844,- |
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Turnover for the period: 00 0000 - 30 June 2005 in
EUR 109.020.444,00 |
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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 - 30 June 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
53.151.438,- |
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Total fixed assets |
14.472.887,- |
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Total intangible fixed assets |
3.187.324,- |
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Concessions and industrial rights, goodwill |
18.397,- |
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Total tangible fixed assets |
9.194.327,- |
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Land and buildings |
4.030.763,- |
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Plant, machinery and equipment |
4.798.792,- |
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Total financial fixed assets |
2.091.232,- |
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Loans, shares and participations |
1.671.361,- |
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Investments (long-term) |
1.212,- |
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Total Current assets |
38.560.658,- |
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Inventories and work in progress (incl. prepayments) |
12.278.777,- |
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Accounts receivable (trade) |
13.626.815,- |
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Cash in hand and at bank |
1.473.519,- |
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Total accrued income and prepaid expenses |
361.915,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
53.151.438,- |
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Total equity (Shareholders' funds) |
21.199.046,- |
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Issued (subscribed) capital |
2.141.000,- |
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Share premium account (capital reserve) |
4.992.613,- |
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Statutory reserves |
7.439.151,- |
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Legal reserves |
214.099,- |
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Profit or loss carried forward |
-92.549,- |
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Profit or loss for the financial year |
2.325.477,- |
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Total provisions |
507.581,- |
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Total liabilities |
31.400.030,- |
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Total long-term liabilities |
4.887.347,- |
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Long-term Loans, Mortgage debts |
234.898,- |
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Long-term liabilities to credit institutions |
4.652.449,- |
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Total current liabilities |
25.935.793,- |
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Current accounts payable (trade) |
17.008.606,- |
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Income and social tax liabilities |
4.702.913,- |
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Total accrued expenses and deferred income |
576.888,- |
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Borrowing ratio |
145,82 % |
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Current ratio |
145,44 % |
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Debt gearing |
22,70 % |
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Profit margin. |
3,61 % |
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Quick ratio |
99,13 % |
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Return on assets |
7,40 % |
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Return on equity. |
10,80 % |
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Solidity or equity ratio |
40,51 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 June 2005 in
EUR |
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Total operating income/revenue |
109.885.511,- |
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Main revenue (sales/turnover) |
109.020.444,- |
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Total operating expenses |
105.954.590,- |
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Cost of materials (type of expenditure format) |
1.592.683,- |
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Personnel costs |
4.976.869,- |
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Depreciation |
2.005.877,- |
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Operating profit or loss |
3.930.920,- |
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Financial income |
109.519,- |
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Financial expenses |
585.964,- |
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Result of ordinary operations |
3.454.476,- |
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Extraordinary income |
1.374.812,- |
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Extraordinary expenses |
1.134.763,- |
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Extraordinary result |
240.048,- |
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Pre-tax and pre-appropriation profit or loss |
3.454.475,- |
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Taxes |
1.238.565,- |
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Net profit or loss |
2.325.477,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.01 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.20 |
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%)