MIRA INFORM REPORT
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Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATELIER DE REFENDAGE SERVICES |
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Registered Office : |
Chemin Des
Tilles, 25870 Chatillon Le Duc |
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Country : |
France |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
26.06.1984 |
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Com. Reg. No.: |
84B00133,
BESANCON |
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Legal Form : |
Public Limited
Company |
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Line of Business : |
Wholesale of metals
and metal ores |
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
ATELIER DE
REFENDAGE SERVICES
CHEMIN DES TILLES
25870 CHATILLON
LE DUC FR
Tel. Number +33-3-81481300
Fax number +33-3-81587700
Business founded
26 June 1984
Business registered
05 July 1984 -
Public limited company (no information regarding quotation)
Registration number
84B00133,
BESANCON,
Alternative tradename(s)
ARS,
Trade name
AR SERVICES,
party identification
330177148,
Legal form
Public limited
company (no information regarding quotation)
Activities
Wholesale of
metals and metal ores
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. 15,23
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)
39
Total number of shareholders
2
Total share capital30 June 2006
EUR 1000000
Branch office(s)
RUE BENOIT
FRACHON,60740 ST MAXIMIN
Bank
BP AG REPUBLIQUE
25 BESANCON-CIAL BESANCON - BNP
Boardmembers
TILLET
PATRICK President
Auditor
FIDULOR GRANT
THORNTON , REPRESENTED BY PICHON JEAN Auditor
LLOBELL
YVES Deputy auditor
Parent company
399366970 FINANCIERE
TILLET 81,80 %
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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 2006 in
EUR 14.837.733,00 |
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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 |
12.872.638,- |
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Total fixed assets |
1.462.721,- |
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Total intangible fixed assets |
573,- |
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Concessions and industrial rights, goodwill |
573,- |
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Total tangible fixed assets |
1.458.108,- |
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Land and buildings |
1.199.945,- |
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Plant, machinery and equipment |
167.864,- |
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Total financial fixed assets |
4.041,- |
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Total Current assets |
11.409.917,- |
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Inventories and work in progress (incl. prepayments) |
3.826.345,- |
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Accounts receivable (trade) |
4.743.675,- |
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Investments (short-term) |
1.797.310,- |
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Cash in hand and at bank |
663.468,- |
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Total accrued income and prepaid expenses |
308.646,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
12.872.638,- |
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Total equity (Shareholders' funds) |
6.732.076,- |
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Issued (subscribed) capital |
1.000.000,- |
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Legal reserves |
98.190,- |
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Profit or loss for the previous year |
670.968,- |
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Profit or loss for the financial year |
976.366,- |
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Total provisions |
17.621,- |
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Total liabilities |
6.115.073,- |
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Total long-term liabilities |
799.496,- |
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Long-term Loans, Mortgage debts |
287.268,- |
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Long-term liabilities to credit institutions |
512.228,- |
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Total current liabilities |
5.315.579,- |
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Current accounts payable (trade) |
4.194.008,- |
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Income and social tax liabilities |
944.444,- |
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Borrowing ratio |
90,68 % |
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Current ratio |
214,65 % |
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Debt gearing |
11,86 % |
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Profit margin. |
10,45 % |
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Quick ratio |
142,67 % |
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Return on assets |
12,05 % |
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Return on equity. |
14,48 % |
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Solidity or equity ratio |
52,39 % |
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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 |
15.343.728,- |
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Main revenue (sales/turnover) |
14.837.733,- |
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Total operating expenses |
13.792.795,- |
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Personnel costs |
1.113.935,- |
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Depreciation |
227.313,- |
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Operating profit or loss |
1.550.932,- |
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Financial income |
41.411,- |
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Financial expenses |
79.111,- |
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Result of ordinary operations |
1.513.232,- |
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Extraordinary income |
402.337,- |
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Extraordinary expenses |
330.294,- |
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Extraordinary result |
72.044,- |
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Pre-tax and pre-appropriation profit or loss |
1.513.232,- |
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Taxes |
511.350,- |
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Net profit or loss |
976.366,- |
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Turnover for the period: 00 0000 - 30 June 2005 in
EUR 13.391.730,00 |
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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 |
10.124.567,- |
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Total fixed assets |
1.519.143,- |
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Total intangible fixed assets |
5.343,- |
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Concessions and industrial rights, goodwill |
5.343,- |
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Total tangible fixed assets |
1.510.140,- |
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Land and buildings |
1.342.223,- |
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Plant, machinery and equipment |
107.197,- |
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Total financial fixed assets |
3.659,- |
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Total Current assets |
8.605.424,- |
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Inventories and work in progress (incl. prepayments) |
3.404.504,- |
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Accounts receivable (trade) |
3.584.583,- |
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Investments (short-term) |
540.657,- |
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Cash in hand and at bank |
558.928,- |
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Total accrued income and prepaid expenses |
308.946,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
10.124.567,- |
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Total equity (Shareholders' funds) |
5.928.556,- |
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Issued (subscribed) capital |
1.000.000,- |
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Legal reserves |
64.642,- |
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Profit or loss for the previous year |
898.336,- |
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Profit or loss for the financial year |
670.968,- |
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Total provisions |
4.630,- |
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Total liabilities |
4.191.381,- |
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Total long-term liabilities |
1.009.515,- |
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Long-term Loans, Mortgage debts |
271.285,- |
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Long-term liabilities to credit institutions |
738.230,- |
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Total current liabilities |
3.181.867,- |
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Current accounts payable (trade) |
2.557.323,- |
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Income and social tax liabilities |
546.510,- |
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Borrowing ratio |
70,66 % |
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Current ratio |
270,45 % |
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Debt gearing |
17,02 % |
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Profit margin. |
10,22 % |
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Quick ratio |
163,46 % |
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Return on assets |
13,52 % |
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Return on equity. |
11,31 % |
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Solidity or equity ratio |
58,59 % |
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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 |
13.849.746,- |
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Main revenue (sales/turnover) |
13.391.730,- |
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Total operating expenses |
12.481.338,- |
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Personnel costs |
988.349,- |
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Depreciation |
254.357,- |
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Operating profit or loss |
1.368.408,- |
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Financial income |
24.179,- |
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Financial expenses |
69.969,- |
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Result of ordinary operations |
1.322.618,- |
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Extraordinary income |
61.370,- |
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Extraordinary expenses |
333.461,- |
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Extraordinary result |
-272.091,- |
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Pre-tax and pre-appropriation profit or loss |
1.322.618,- |
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Taxes |
326.866,- |
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Net profit or loss |
670.968,- |
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Turnover for the period: 00 0000 - 30 June 2004 in
EUR 12.723.230,00 |
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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
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
11.139.605,- |
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Total fixed assets |
1.662.793,- |
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Total intangible fixed assets |
16.061,- |
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Concessions and industrial rights, goodwill |
16.061,- |
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Total tangible fixed assets |
1.643.075,- |
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Land and buildings |
1.494.610,- |
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Plant, machinery and equipment |
87.447,- |
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Total financial fixed assets |
3.659,- |
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Total Current assets |
9.476.812,- |
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Inventories and work in progress (incl. prepayments) |
2.972.373,- |
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Accounts receivable (trade) |
4.218.149,- |
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Investments (short-term) |
1.203.377,- |
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Cash in hand and at bank |
708.665,- |
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Total accrued income and prepaid expenses |
273.828,- |
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Total equity, provisions, liabilities, accrued expenses and deferred income |
11.139.605,- |
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Total equity (Shareholders' funds) |
5.130.102,- |
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Issued (subscribed) capital |
1.000.000,- |
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Legal reserves |
19.727,- |
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Profit or loss for the financial year |
898.336,- |
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Total provisions |
22.222,- |
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Total liabilities |
5.987.282,- |
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Total long-term liabilities |
1.282.628,- |
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Long-term Loans, Mortgage debts |
261.859,- |
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Long-term liabilities to credit institutions |
1.020.769,- |
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Total current liabilities |
4.704.654,- |
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Current accounts payable (trade) |
3.647.122,- |
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Income and social tax liabilities |
1.024.138,- |
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Borrowing ratio |
116,38 % |
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Current ratio |
201,43 % |
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Debt gearing |
24,93 % |
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Profit margin. |
11,77 % |
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Quick ratio |
138,26 % |
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Return on assets |
13,45 % |
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Return on equity. |
17,46 % |
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Solidity or equity ratio |
46,18 % |
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Corporate profit and loss account for the year: 00 0000 - 30 June
2004 in EUR |
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Total operating income/revenue |
13.522.608,- |
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Main revenue (sales/turnover) |
12.723.230,- |
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Total operating expenses |
12.024.666,- |
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Personnel costs |
1.021.999,- |
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Depreciation |
298.139,- |
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Operating profit or loss |
1.497.942,- |
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Financial income |
61.540,- |
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Financial expenses |
68.819,- |
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Result of ordinary operations |
1.490.663,- |
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Extraordinary income |
111.590,- |
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Extraordinary expenses |
151.624,- |
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Extraordinary result |
-40.035,- |
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Pre-tax and pre-appropriation profit or loss |
1.490.664,- |
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Taxes |
469.417,- |
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Net profit or loss |
898.336,- |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)