MIRA
INFORM REPORT
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Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRENCH FRANCE SA |
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Registered Office : |
16 Rue Du General Cassagnou 68300 ST Louis |
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Country : |
France |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
01.01.1957 |
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Com. Reg. No.: |
57B00300, MULHOUSE |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Manufacture of Electric Motors, Generators and Trans Formers |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TRENCH FRANCE SA
16 RUE DU
GENERAL CASSAGNOU
68300 ST
LOUIS FR
Tel. Number
+33-3-89702323
Fax number
+33-3-89672663
Business founded
01 January 1957
Registration number
57B00300,
MULHOUSE,
party identification
945753002,
Legal form
Public limited
company - board of administration
Activities
Manufacture of
electric motors, generators and trans formers
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. 84,77
Financial
structure (balance sheet analysis) : Good
Cash
situation (balance sheet analysis) : Weak
Profitability
(balance sheet analysis) : Very good
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
230
Total number of shareholders
1
Total share capital
30 September 2007 EUR 10693504
Bank
SOGENAL 68 ST
LOUIS, BNP - CL AG ENT - NATEXIS AG SINNE68 MULHOUSE
Board members
SCHADE
DIETER Chairman of the board
EHRET
JEAN-MICHEL Board member
FINN
ALLAN Board member
GALLEY
MICHAEL Board member
DEFOND
GREGORY Board member
CARLI
PHILIPPE Board member
MARCUCCI
DANNY Board member
Auditor
BERNARD
CHRISTOPHE Deputy auditor
Parent company
388548091 SIEMENS
FRANCE 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 September 2007 in
EUR 64.732.311,00 |
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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 September 2007 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
32.790.322,- |
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Total fixed assets |
4.686.155,- |
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Total intangible fixed assets |
3.660,- |
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Concessions and industrial rights, goodwill |
3.660,- |
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Total tangible fixed assets |
4.518.111,- |
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Land and buildings |
1.942.782,- |
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Plant, machinery and equipment |
2.450.297,- |
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Total financial fixed assets |
164.384,- |
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Loans, shares and participations |
145.609,- |
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Total Current assets |
28.103.350,- |
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Inventories and work in progress (incl. prepayments) |
16.905.575,- |
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Accounts receivable (trade) |
10.582.956,- |
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Cash in hand and at bank |
3.050,- |
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Total accrued income and prepaid expenses |
174.374,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
32.790.322,- |
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Total equity (Shareholders' funds) |
11.244.680,- |
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Issued (subscribed) capital |
10.693.504,- |
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Legal reserves |
243.258,- |
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Revaluation reserves |
3.046,- |
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Profit or loss carried forward |
-3.265.363,- |
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Profit or loss for the previous year |
2.151.685,- |
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Profit or loss for the financial year |
2.901.056,- |
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Total provisions |
2.437.858,- |
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Total liabilities |
19.100.373,- |
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Total long-term liabilities |
6.285.046,- |
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Long-term Loans, Mortgage debts |
6.285.046,- |
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Total current liabilities |
12.815.327,- |
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Current accounts payable (trade) |
9.295.186,- |
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Income and social tax liabilities |
3.241.780,- |
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Borrowing ratio |
148,60 % |
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Current ratio |
219,29 % |
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Debt gearing |
48,90 % |
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Profit margin. |
8,07 % |
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Quick ratio |
87,38 % |
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Return on assets |
15,93 % |
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Return on equity. |
22,57 % |
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Solidity or equity ratio |
39,20 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 September 2007 in
EUR |
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Total operating income/revenue |
68.678.485,- |
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Main revenue (sales/turnover) |
64.732.311,- |
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Total operating expenses |
63.453.730,- |
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Cost of materials (type of expenditure format) |
5.717.771,- |
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Personnel costs |
6.986.916,- |
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Depreciation |
994.758,- |
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Operating profit or loss |
5.224.755,- |
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Financial income |
118.472,- |
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Financial expenses |
549.071,- |
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Result of ordinary operations |
4.794.154,- |
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Extraordinary income |
241.605,- |
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Extraordinary expenses |
132.217,- |
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Extraordinary result |
109.388,- |
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Pre-tax and pre-appropriation profit or loss |
4.794.154,- |
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Taxes |
1.562.573,- |
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Net profit or loss |
2.901.055,- |
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Turnover for the period: 00 0000 - 30 September 2006 in
EUR 49.541.328,00 |
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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 September 2006 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
25.233.078,- |
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Total fixed assets |
4.326.007,- |
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Total intangible fixed assets |
8.724,- |
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Concessions and industrial rights, goodwill |
8.724,- |
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Total tangible fixed assets |
4.179.899,- |
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Land and buildings |
2.200.349,- |
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Plant, machinery and equipment |
1.622.265,- |
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Total financial fixed assets |
137.384,- |
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Loans, shares and participations |
118.609,- |
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Total Current assets |
20.899.151,- |
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Inventories and work in progress (incl. prepayments) |
13.213.611,- |
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Accounts receivable (trade) |
7.135.674,- |
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Cash in hand and at bank |
1.151,- |
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Total accrued income and prepaid expenses |
82.539,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
25.233.078,- |
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Total equity (Shareholders' funds) |
8.512.660,- |
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Issued (subscribed) capital |
10.693.504,- |
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Legal reserves |
243.258,- |
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Revaluation reserves |
3.046,- |
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Profit or loss carried forward |
-5.248.012,- |
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Profit or loss for the previous year |
709.549,- |
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Profit or loss for the financial year |
2.151.685,- |
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Total provisions |
2.039.090,- |
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Total liabilities |
14.672.695,- |
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Total long-term liabilities |
4.592.298,- |
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Long-term Loans, Mortgage debts |
4.467.877,- |
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Long-term liabilities to credit institutions |
124.421,- |
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Total current liabilities |
9.969.297,- |
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Current accounts payable (trade) |
6.558.917,- |
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Income and social tax liabilities |
3.140.524,- |
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Total accrued expenses and deferred income |
111.100,- |
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Borrowing ratio |
148,83 % |
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Current ratio |
207,32 % |
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Debt gearing |
46,58 % |
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Profit margin. |
6,83 % |
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Quick ratio |
76,24 % |
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Return on assets |
13,41 % |
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Return on equity. |
21,83 % |
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Solidity or equity ratio |
39,07 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 September 2006 in
EUR |
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Total operating income/revenue |
54.572.046,- |
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Main revenue (sales/turnover) |
49.541.328,- |
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Total operating expenses |
51.187.583,- |
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Cost of materials (type of expenditure format) |
4.174.174,- |
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Personnel costs |
6.667.057,- |
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Depreciation |
842.016,- |
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Operating profit or loss |
3.384.465,- |
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Financial income |
86.045,- |
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Financial expenses |
249.027,- |
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Result of ordinary operations |
3.221.483,- |
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Extraordinary income |
801.510,- |
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Extraordinary expenses |
130.702,- |
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Extraordinary result |
670.808,- |
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Pre-tax and pre-appropriation profit or loss |
3.221.483,- |
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Taxes |
1.318.127,- |
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Net profit or loss |
2.151.685,- |
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Turnover for the period: 00 0000 - 30 September 2005 in
EUR 36.310.555,00 |
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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 September 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
21.714.723,- |
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Total fixed assets |
4.083.625,- |
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Total intangible fixed assets |
10.259,- |
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Concessions and industrial rights, goodwill |
10.259,- |
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Total tangible fixed assets |
3.942.140,- |
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Land and buildings |
2.101.466,- |
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Plant, machinery and equipment |
1.482.954,- |
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Total financial fixed assets |
131.225,- |
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Loans, shares and participations |
112.450,- |
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Total Current assets |
17.628.012,- |
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Inventories and work in progress (incl. prepayments) |
8.849.489,- |
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Accounts receivable (trade) |
8.412.225,- |
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Cash in hand and at bank |
9.741,- |
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Total accrued income and prepaid expenses |
67.388,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
21.714.723,- |
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Total equity (Shareholders' funds) |
6.486.655,- |
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Issued (subscribed) capital |
10.693.504,- |
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Legal reserves |
243.258,- |
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Revaluation reserves |
3.046,- |
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Profit or loss carried forward |
-5.831.882,- |
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Profit or loss for the financial year |
709.549,- |
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Total provisions |
1.674.207,- |
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Total liabilities |
13.536.218,- |
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Total long-term liabilities |
4.365.652,- |
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Long-term Loans, Mortgage debts |
4.052.327,- |
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Long-term liabilities to credit institutions |
313.325,- |
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Total current liabilities |
9.007.975,- |
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Current accounts payable (trade) |
5.836.170,- |
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Income and social tax liabilities |
2.346.685,- |
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Total accrued expenses and deferred income |
162.589,- |
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Borrowing ratio |
178,30 % |
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Current ratio |
192,22 % |
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Debt gearing |
57,51 % |
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Profit margin. |
4,20 % |
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Quick ratio |
95,72 % |
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Return on assets |
7,03 % |
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Return on equity. |
9,35 % |
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Solidity or equity ratio |
34,96 % |
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Corporate profit
and loss account for the year: 00 0000 - 30 September 2005 in
EUR |
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Total operating income/revenue |
37.354.608,- |
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Main revenue (sales/turnover) |
36.310.555,- |
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Total operating expenses |
35.828.535,- |
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Cost of materials (type of expenditure format) |
5.035.424,- |
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Personnel costs |
4.767.035,- |
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Depreciation |
633.859,- |
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Operating profit or loss |
1.526.072,- |
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Financial income |
541.217,- |
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Financial expenses |
222.519,- |
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Result of ordinary operations |
1.844.770,- |
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Extraordinary income |
1.425.589,- |
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Extraordinary expenses |
1.938.873,- |
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Extraordinary result |
-513.283,- |
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Pre-tax and pre-appropriation profit or loss |
1.844.771,- |
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Taxes |
490.533,- |
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Net profit or loss |
709.549,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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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%)