MIRA
INFORM REPORT
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Report Date : |
28.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE TRANE |
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Registered Office : |
1 Rue Des Ameriques 88190 Golbey |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.01.1960 |
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Com. Reg. No.: |
60B00018, EPINAL |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Non-Domestic Cooling and Ventilation Equipment |
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
SOCIETE TRANE
1 RUE DES
AMERIQUES
88190 GOLBEY FR
Tel. Number
+33-3-29317300
Fax number
+33-3-29311229
Business founded
01 January 1960
Registration number
60B00018, EPINAL,
party identification
306050188,
Legal form
Public limited
company (no information regarding quotation)
Activities
Manufacture of
non-domestic cooling and ventilation equipment
Payment experience
Payment regular
Credit opinion
Normal
creditworthiness
Maximum
credit limit 150000 EUR is advised
The export volume in percentage of total sales
for the company. 41,30
Financial
structure (balance sheet analysis) : Good
Cash situation
(balance sheet analysis) : Weak
Profitability
(balance sheet analysis) : Normal
Commitments
(regarding contractual obligations) : Fulfilled („respectés“)
Payment
defaults : None
Employees (Business)
1100
Total number of shareholders
1
Total share capital
31 December 2006 EUR 38961860
Branch office(s)
62 RUE DES
MEUNIERS,92220 BAGNEUX
212 RUE DE LA
REPUBLIQUE,76230 BOIS GUILLAUME
RUE PIERRE GASSENDI,76150 LA VAUPALIERE
90 RUE
D'ALSACE,45160 OLIVET
150 RUE DU CENTRE
ARCO,21160 MARSANNAY LA COTE
Bank
SG AG ENT - CL AG
FOCH PME 88 EPINAL-CL NANCY, BQ KOLB 88 MIRECOURT -
Board members
HENDRICKX
CARLO President
Parent company
393425111 AMERICAN
STANDARD FRENCH HOLDINGS 99,99 %
Subsidiary company.
TRANE EGYPTE
SAE 75,00 %
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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 - 31 December 2006 in
EUR 165.515.461,00 |
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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 - 31 December 2006 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
123.351.364,- |
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Total fixed assets |
19.102.575,- |
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Total intangible fixed assets |
204.757,- |
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Concessions and industrial rights, goodwill |
204.757,- |
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Total tangible fixed assets |
18.761.153,- |
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Land and buildings |
6.485.173,- |
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Plant, machinery and equipment |
10.319.706,- |
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Total financial fixed assets |
136.665,- |
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Loans, shares and participations |
20.172,- |
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Investments (long-term) |
390,- |
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Total Current assets |
104.248.252,- |
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Inventories and work in progress (incl. prepayments) |
1.254.727,- |
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Accounts receivable (trade) |
14.153.562,- |
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Cash in hand and at bank |
1.916.052,- |
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Total accrued income and prepaid expenses |
154.224,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
123.351.364,- |
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Total equity (Shareholders' funds) |
61.005.000,- |
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Issued (subscribed) capital |
38.961.860,- |
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Legal reserves |
1.517.762,- |
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Revaluation reserves |
4.703.912,- |
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Profit or loss carried forward |
9.462.807,- |
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Profit or loss for the previous year |
1.423.130,- |
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Profit or loss for the financial year |
-37.585,- |
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Total provisions |
15.780.912,- |
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Total liabilities |
46.563.256,- |
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Total long-term liabilities |
271.386,- |
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Long-term liabilities to credit institutions |
271.386,- |
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Total current liabilities |
45.422.235,- |
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Current accounts payable (trade) |
22.721.971,- |
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Income and social tax liabilities |
17.987.604,- |
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Total accrued expenses and deferred income |
869.635,- |
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Borrowing ratio |
65,20 % |
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Current ratio |
225,20 % |
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Debt gearing |
0,38 % |
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Profit margin. |
5,65 % |
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Quick ratio |
222,49 % |
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Return on assets |
7,58 % |
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Return on equity. |
-0,05 % |
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Solidity or equity ratio |
57,90 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2006 in
EUR |
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Total operating income/revenue |
168.404.254,- |
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Main revenue (sales/turnover) |
165.515.461,- |
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Total operating expenses |
159.049.958,- |
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Personnel costs |
58.805.927,- |
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Depreciation |
4.584.552,- |
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Operating profit or loss |
9.354.296,- |
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Financial income |
2.339.830,- |
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Financial expenses |
1.250.390,- |
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Result of ordinary operations |
10.443.736,- |
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Extraordinary income |
9.539.501,- |
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Extraordinary expenses |
20.020.822,- |
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Extraordinary result |
-10.481.321,- |
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Pre-tax and pre-appropriation profit or loss |
10.443.736,- |
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Net profit or loss |
-37.585,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 157.005.660,00 |
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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 - 31 December 2005 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
116.764.521,- |
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Total fixed assets |
18.359.014,- |
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Total intangible fixed assets |
475.484,- |
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Concessions and industrial rights, goodwill |
475.484,- |
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Total tangible fixed assets |
17.743.960,- |
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Land and buildings |
6.582.516,- |
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Plant, machinery and equipment |
9.281.359,- |
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Total financial fixed assets |
139.570,- |
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Loans, shares and participations |
12.562,- |
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Total Current assets |
98.405.459,- |
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Inventories and work in progress (incl. prepayments) |
936.258,- |
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Accounts receivable (trade) |
16.471.560,- |
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Cash in hand and at bank |
856.267,- |
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Total accrued income and prepaid expenses |
171.481,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
116.764.521,- |
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Total equity (Shareholders' funds) |
61.005.000,- |
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Issued (subscribed) capital |
38.961.860,- |
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Legal reserves |
1.446.606,- |
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Revaluation reserves |
5.064.304,- |
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Profit or loss carried forward |
8.110.833,- |
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Profit or loss for the previous year |
8.494.050,- |
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Profit or loss for the financial year |
1.423.130,- |
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Total provisions |
12.286.528,- |
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Total liabilities |
43.471.724,- |
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Total long-term liabilities |
1.105.358,- |
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Long-term liabilities to credit institutions |
1.105.358,- |
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Total current liabilities |
40.821.257,- |
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Current accounts payable (trade) |
19.918.165,- |
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Income and social tax liabilities |
16.701.322,- |
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Total accrued expenses and deferred income |
1.545.109,- |
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Borrowing ratio |
62,90 % |
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Current ratio |
232,27 % |
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Debt gearing |
1,60 % |
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Profit margin. |
5,89 % |
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Quick ratio |
230,06 % |
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Return on assets |
7,92 % |
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Return on equity. |
2,06 % |
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Solidity or equity ratio |
59,19 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2005 in
EUR |
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Total operating income/revenue |
162.412.338,- |
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Main revenue (sales/turnover) |
157.005.660,- |
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Total operating expenses |
153.167.355,- |
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Personnel costs |
56.827.365,- |
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Depreciation |
4.534.939,- |
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Operating profit or loss |
9.244.983,- |
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Financial income |
1.553.680,- |
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Financial expenses |
784.877,- |
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Result of ordinary operations |
10.013.786,- |
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Extraordinary income |
1.349.734,- |
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Extraordinary expenses |
9.940.390,- |
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Extraordinary result |
-8.590.656,- |
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Pre-tax and pre-appropriation profit or loss |
10.013.786,- |
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Net profit or loss |
1.423.130,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 184.926.577,00 |
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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 - 31 December 2004 in
EUR |
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Total assets incl. prepaid expenses and accrued income |
108.620.708,- |
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Total fixed assets |
17.313.389,- |
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Total intangible fixed assets |
832.690,- |
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Concessions and industrial rights, goodwill |
832.690,- |
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Total tangible fixed assets |
16.341.144,- |
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Land and buildings |
6.777.331,- |
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Plant, machinery and equipment |
7.795.732,- |
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Total financial fixed assets |
139.555,- |
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Loans, shares and participations |
12.562,- |
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Total Current assets |
91.304.786,- |
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Inventories and work in progress (incl. prepayments) |
1.083.289,- |
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Accounts receivable (trade) |
13.686.914,- |
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Cash in hand and at bank |
828.046,- |
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Total accrued income and prepaid expenses |
170.928,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
108.620.708,- |
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Total equity (Shareholders' funds) |
56.467.772,- |
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Issued (subscribed) capital |
38.961.860,- |
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Share premium account (capital reserve) |
5.614.471,- |
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Legal reserves |
552.846,- |
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Profit or loss for the financial year |
8.494.050,- |
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Total provisions |
8.404.795,- |
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Total liabilities |
43.724.043,- |
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Total long-term liabilities |
274.259,- |
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Long-term liabilities to credit institutions |
274.259,- |
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Total current liabilities |
41.599.051,- |
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Current accounts payable (trade) |
20.922.506,- |
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Income and social tax liabilities |
16.856.205,- |
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Total accrued expenses and deferred income |
1.850.733,- |
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Borrowing ratio |
70,51 % |
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Current ratio |
210,14 % |
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Debt gearing |
0,44 % |
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Profit margin. |
4,63 % |
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Quick ratio |
207,65 % |
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Return on assets |
7,89 % |
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Return on equity. |
13,70 % |
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Solidity or equity ratio |
57,09 % |
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Corporate profit
and loss account for the year: 00 0000 - 31 December 2004 in
EUR |
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Total operating income/revenue |
188.180.064,- |
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Main revenue (sales/turnover) |
184.926.577,- |
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Total operating expenses |
179.612.625,- |
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Cost of materials (type of expenditure format) |
70.228.778,- |
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Depreciation |
6.617.936,- |
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Operating profit or loss |
8.567.439,- |
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Financial income |
3.470.810,- |
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Financial expenses |
1.618.150,- |
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Result of ordinary operations |
10.420.099,- |
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Extraordinary income |
12.368.004,- |
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Extraordinary expenses |
14.294.053,- |
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Extraordinary result |
-1.926.049,- |
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Pre-tax and pre-appropriation profit or loss |
10.420.099,- |
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Net profit or loss |
8.494.050,- |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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%)