MIRA INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROTELEC S A |
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Registered Office : |
40 Rue Jean
Jaures, 93170 Bagnolet Fr |
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Country : |
France |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
04.10.1977 |
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Com. Reg. No.: |
88B03065,
BOBIGNY |
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Legal Form : |
Public Limited
Company - Board of Administration |
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Line of Business : |
Manufacture of
machinery for metallurgy |
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
ROTELEC
40 RUE JEAN JAURES
93170 BAGNOLET FR
Tel. Number +33-1-49722300
Fax number +33-1-49722538
Business founded
04 October 1977
Business registered
04 February 1988 -
Public limited company - board of administration
Registration number
88B03065, BOBIGNY
party identification
309456333,
Legal form
Public limited
company - board of administration
Activities
Manufacture of
machinery for metallurgy
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. 99,26
Financial structure
(balance sheet analysis) : Good
Cash situation
(balance sheet analysis) : Good
Profitability
(balance sheet analysis) : Outstanding
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
34
Total number of shareholders
1
Total share
capital30 June 2007
EUR 600000
Branch office(s)
85 BOUCLE DE LA
RAMEE,38070 ST QUENTIN FALLAVIER
Others
Bank
SG AG HP OPERA 75
PARIS BANCA COMMERCIALE PARIS 09 - BNP
Boardmembers
DELLA
FERRUCCIO Chairman of the board
DELLA
FERRUCCIO Boardmember
ANGELI
CLAUDIO Boardmember
Auditor
BERTIER
ERIC Deputy auditor
Parent company
INDUSTRIELLE
BETEILIGUNG LUXEMBOURG 99,98 %
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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 19.656.298,00 |
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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 |
14.838.195,- |
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Total fixed assets |
734.060,- |
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Total tangible fixed assets |
703.017,- |
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Land and buildings |
629.778,- |
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Plant, machinery and equipment |
42.724,- |
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Total financial fixed assets |
31.042,- |
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Total Current assets |
14.104.135,- |
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Inventories and work in progress (incl. prepayments) |
2.728.932,- |
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Accounts receivable (trade) |
7.111.465,- |
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Cash in hand and at bank |
1.128.553,- |
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Total accrued income and prepaid expenses |
70.072,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
14.838.195,- |
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Total equity (Shareholders' funds) |
7.169.477,- |
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Issued (subscribed) capital |
600.000,- |
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Share premium account (capital reserve) |
304.898,- |
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Legal reserves |
60.000,- |
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Profit or loss carried forward |
2.116.526,- |
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Profit or loss for the previous year |
2.460.846,- |
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Profit or loss for the financial year |
4.088.052,- |
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Total provisions |
1.595.234,- |
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Total liabilities |
6.073.485,- |
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Total current liabilities |
6.073.486,- |
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Current accounts payable (trade) |
3.044.864,- |
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Income and social tax liabilities |
1.744.105,- |
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Borrowing ratio |
73,87 % |
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Current ratio |
232,22 % |
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Profit margin. |
31,02 % |
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Quick ratio |
187,29 % |
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Return on assets |
41,10 % |
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Return on equity. |
49,72 % |
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Solidity or equity ratio |
55,41 % |
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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 |
21.245.428,- |
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Main revenue (sales/turnover) |
19.656.298,- |
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Total operating expenses |
15.147.225,- |
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Personnel costs |
1.845.006,- |
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Depreciation |
53.895,- |
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Operating profit or loss |
6.098.203,- |
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Financial income |
63.544,- |
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Financial expenses |
696,- |
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Result of ordinary operations |
6.161.050,- |
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Extraordinary income |
47.056,- |
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Extraordinary expenses |
16.270,- |
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Extraordinary result |
30.785,- |
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Pre-tax and pre-appropriation profit or loss |
6.161.050,- |
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Taxes |
2.103.783,- |
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Net profit or loss |
4.088.052,- |
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Turnover for the period: 00 0000 - 30 June 2006 in
EUR 13.592.357,00 |
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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 |
11.384.247,- |
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Total fixed assets |
601.292,- |
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Total tangible fixed assets |
572.083,- |
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Land and buildings |
499.469,- |
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Plant, machinery and equipment |
25.504,- |
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Total financial fixed assets |
29.209,- |
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Total Current assets |
10.782.955,- |
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Inventories and work in progress (incl. prepayments) |
1.818.383,- |
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Accounts receivable (trade) |
4.660.900,- |
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Investments (short-term) |
1.000.000,- |
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Cash in hand and at bank |
791.070,- |
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Total accrued income and prepaid expenses |
65.581,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
11.384.247,- |
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Total equity (Shareholders' funds) |
5.301.424,- |
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Issued (subscribed) capital |
600.000,- |
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Share premium account (capital reserve) |
304.898,- |
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Legal reserves |
60.000,- |
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Profit or loss carried forward |
1.875.680,- |
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Profit or loss for the previous year |
2.205.373,- |
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Profit or loss for the financial year |
2.460.846,- |
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Total provisions |
972.809,- |
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Total liabilities |
5.110.014,- |
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Total current liabilities |
5.110.014,- |
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Current accounts payable (trade) |
2.719.078,- |
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Income and social tax liabilities |
983.575,- |
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Borrowing ratio |
85,98 % |
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Current ratio |
211,02 % |
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Profit margin. |
27,13 % |
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Quick ratio |
175,43 % |
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Return on assets |
32,40 % |
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Return on equity. |
41,40 % |
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Solidity or equity ratio |
52,21 % |
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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 |
15.302.254,- |
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Main revenue (sales/turnover) |
13.592.357,- |
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Total operating expenses |
11.614.096,- |
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Personnel costs |
1.641.115,- |
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Depreciation |
53.189,- |
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Operating profit or loss |
3.688.158,- |
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Financial income |
36.394,- |
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Financial expenses |
1.046,- |
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Result of ordinary operations |
3.723.503,- |
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Extraordinary income |
1.335,- |
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Extraordinary expenses |
7.728,- |
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Extraordinary result |
-6.393,- |
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Pre-tax and pre-appropriation profit or loss |
3.723.504,- |
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Taxes |
1.256.265,- |
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Net profit or loss |
2.460.846,- |
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Turnover for the period: 00 0000 - 30 June 2005 in
EUR 11.405.914,00 |
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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 |
8.879.230,- |
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Total fixed assets |
607.112,- |
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Total intangible fixed assets |
690,- |
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Concessions and industrial rights, goodwill |
690,- |
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Total tangible fixed assets |
576.385,- |
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Land and buildings |
536.408,- |
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Plant, machinery and equipment |
15.699,- |
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Total financial fixed assets |
30.037,- |
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Total Current assets |
8.272.119,- |
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Inventories and work in progress (incl. prepayments) |
582.914,- |
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Accounts receivable (trade) |
3.314.984,- |
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Investments (short-term) |
1.300.000,- |
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Cash in hand and at bank |
532.231,- |
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Total accrued income and prepaid expenses |
65.541,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
8.879.230,- |
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Total equity (Shareholders' funds) |
4.823.778,- |
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Issued (subscribed) capital |
600.000,- |
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Share premium account (capital reserve) |
304.898,- |
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Legal reserves |
60.000,- |
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Profit or loss carried forward |
1.653.508,- |
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Profit or loss for the financial year |
2.205.373,- |
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Total provisions |
815.840,- |
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Total liabilities |
3.239.612,- |
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Total current liabilities |
3.239.612,- |
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Current accounts payable (trade) |
1.671.924,- |
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Income and social tax liabilities |
921.591,- |
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Borrowing ratio |
60,42 % |
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Current ratio |
255,34 % |
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Profit margin. |
25,33 % |
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Quick ratio |
237,35 % |
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Return on assets |
32,54 % |
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Return on equity. |
41,13 % |
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Solidity or equity ratio |
60,39 % |
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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 |
11.689.310,- |
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Main revenue (sales/turnover) |
11.405.914,- |
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Total operating expenses |
8.800.059,- |
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Personnel costs |
1.510.247,- |
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Depreciation |
57.945,- |
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Operating profit or loss |
2.889.252,- |
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Financial income |
57.059,- |
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Financial expenses |
50,- |
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Result of ordinary operations |
2.946.261,- |
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Extraordinary income |
292.411,- |
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Extraordinary expenses |
20.508,- |
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Extraordinary result |
271.903,- |
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Pre-tax and pre-appropriation profit or loss |
2.946.261,- |
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Taxes |
1.012.791,- |
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Net profit or loss |
2.205.373,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)