MIRA
INFORM REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
DELSEY |
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Registered Office : |
215, Avenue Des Nations Tremblay En France, 93290 |
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Country : |
France |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.01.1957 |
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Com. Reg. No.: |
572017507 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Leather Tanning, Fur Dressing and Leather Product Manufacturing |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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France |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Delsey
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Business Description
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Delsey is primarily engaged in manufacture of luggage, handbags and
the like, of leather, composition leather and of any other materials, such as
plastic sheeting, textile materials, vulcanised fibre or paperboard, where
the same technology is used as for leather; manufacture of non-metallic watch
straps; manufacture of diverse articles of leather or composition leather:
driving belts, packings, etc.; and manufacture of saddlery and harness. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
1320 - Leather Tanning, Fur Dressing and
Leather Product Manufacturing |
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NACE 2002: |
1920 - Manufacture of luggage, handbags
and the like, saddlery and harness |
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NAICS 2002: |
316991 - Luggage Manufacturing |
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UK SIC 2003: |
1920 - Manufacture of luggage, handbags
and the like, saddlery and harness |
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US SIC 1987: |
3161 - Luggage |
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Key
Executives
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News
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
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Corporate Structure News
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Total Corporate
Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Tremblay en France |
France |
Miscellaneous Financial Services |
2.7 |
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Subsidiary |
Tremblay En France |
France |
Apparel and Accessories |
90.3 |
224 |
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Subsidiary |
Agrate Brianza, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
7.8 |
13 |
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Executives Report
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U.S. Fed News: 05 August 2011
[What follows is the full text of the news story.]
By US Fed News
ALEXANDRIA, Va.,
Aug. 5 -- Delsey Luggage, Hanover, Md., has been assigned a patent (7,984,797)
developed by David Bieber, East Greenwich, R.I., for a "soft sided luggage
case with independent wheel hub."
The abstract of
the patent published by the U.S. Patent and Trademark Office states: "A
rolling soft sided luggage case enclosing a volume and having opposing
sidewalls, the sidewalls being supported by a tubular strut frame structure
independent of the wheel housings mounted at the rear corners of the case. A
straddle bracket affixed to a middle region of a side edge of the structural
base joins the rear sidewall strut to the rigid base without engaging the wheel
housing in order to facilitate ease of construction and repair of the wheel
bracket. The levered portion of the base to which the wheel housing is affixed
serves as a dampened swing arm on which the luggage case is sprung in order to
isolate the structural frame of the case from bumps while being rolled and to
and dampen shocks to the structure."
The patent
application was filed on Oct. 8, 2010 (12/901,108). The full-text of the patent
can be found at
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=79,84,797&OS=79,84,797&RS=79,84,797
Written by Rajat
Puri; edited by Jaya Anand.
RP0804JA0805-603019
Sunday Mail (Adelaide, Australia): 31 July 2011
[What follows is the full text of the news story.]
BEFORE your next
escape, take advantage of great deals on brand name products from Australia's
largest discount luggage warehouse Luggage Direct.
``Imagine what a disaster
it would be if your suitcase suddenly collapses or loses one wheel during your
trip,'' owner Kevin Vincent said. ``However, travellers can always rely on
products from Luggage Direct.''
Mr Vincent said
travellers could enjoy discounts of up to 75 per cent off recommended retail
prices on leading brands.
Established in
1995, the store stocks brands such as Samsonite, Antler, Delsey, Pacsafe, Black
Wolf and Victorinox with warehouse pricing, online shopping and free delivery
for sales.
The warehouse has
off-street parking and is at 222 Montague Rd, West End.
Call 3846 1344 or
visit www.luggagedirect.com.au
PR Web: 27 June 2011
[What follows is the full text of the news story.]
Pennsauken, NJ
(PRWEB) June 27, 2011
Luggage Online �
the top American retailer of luggage, business cases, backpacks, handbags,
laptop cases, and accessories � has announced that they will be offering
greater opportunities for savings and lots of helpful free online tools and
information.
Though Luggage
Online has developed a reputation for offering the best prices and regular
sales available on the internet, they have taken discounts to the next level
and will be offering regular short-term sales on top of their already low
everyday prices. This allows customers and other users of the site to take
advantage of even better savings whenever they need baggage, cases, and other
related products.
These discounts
apply to many of the over 2,000 luggage and travel-related products on the
website, from over 150 well-known, quality brands including Samsonite, Kenneth
Cole, Delsey, JanSport, Travelpro, and Tumi.
To ensure that
customers know that they are always finding the best prices on their products,
Luggage Online has a 110% price guarantee that lasts a full 30 days after the
purchase date. As a result, many customers are already using the site as their
single source of travel bags and related accessories, knowing that they will
always pay the best prices. Moreover, immediate shipping is free on orders over
$99.
The website also offers
a broad range of useful free tools, including everything from a bag finder to
unbiased customer product reviews, from the latest airline carry-on regulations
to their fees, and from useful packing tips to information about various fun
destinations and the future of travel.
LuggageOnline.com
has been a leader in top quality luggage, backpacks, business cases, laptop
bags, handbags, and accessories since 1998. Now shipping worldwide, it places
its focus on the customer, offering outstanding service along with the lowest
available prices and the highest quality designer and brand-name products.
Luggage Online is the winner of the Bizrate Circle of Excellence Award, and
�Internet Retailer� Magazine consistently recognizes the site as a top
retailer.
###
Read the full
story at http://www.prweb.com/releases/2011/6/prweb8590185.htm
Rebels pair ensure
grand final game
Northern Territory News (Australia): 16 June 2011
[What follows is the full text of the news story.]
MINOR premier Uni
Rebels got their season back on track and charged into another Darwin Airport
Resort Challenge Season women's league grand final with a 72-58 win over the
Eagles on Tuesday night.
Rebels had the
services of Michelle Friel (15 points), who rushed back from Perth, and Delsey
Ah Wang (14), who was away on AFL representative duties last week, and the pair
didn't let the team down.
Barbara Teakle and
Leonie Snowdon hit 11 points each for the Eagles and Greta Hollis-Stephensen
and Katherine Hollis chipped in with 10 each, but it just wasn't enough to
counter the flying Rebels.
The win was also a
celebration of another Rebel cracking the 400 game milestone. Chantelle Lee
played her 400th league game, and the grand final will be the 14th for her only
club.
Rebels will play
TV Jets in the women's league season decider.
Uni Rebels made it
a double for the club after winning the men's league preliminary final 86-57
against Tracy Village Jets.
The Jets loss
brought to an end a modern-day record that has been the envy of all league teams
for the past 12 years. Since 1997, Jets have been in every Challenge Season
grand final and they won six of them. The end of the record run was prompted by
the dynamic scoring duo of Aaron Ritchie, who bagged a game-high 31 points, and
Andre Moss (25), who led the defending champions into a grand final match-up
with Ansett on Saturday night. The scoring standout for the Jets was Nick
Pattrick with 27 points.
$4.36 MILLION
FUNDS IN DISASTER ASSISTANCE FOR GOONDIWINDI
Australian Government: 26 November 2010
[What follows is the full text of the news story.]
BRISBANE, Qld.,
Nov. 26 -- The Honourable Desley Boyle, Minister for Local Government and
Aboriginal and Torres Strait Islander Partnerships issued the following media
statement:
Local Government
Minister Delsey Boyle today announced $4.36 million in disaster assistance for
Goondiwindi Shire Council to help cover the cost of repairs required in the
aftermath of storms in early 2010.
"This year
cyclone season was accompanied by a considerable amount of monsoonal rain which
caused flooding right across Queensland and Goondiwindi was not spared,"
Ms Boyle said.
"Flooding did
considerable damage to Council's local road infrastructure and other community
assets.
"I
congratulate Council for their swift response to the natural disaster which
helped life in the region get back to normal.
"Funding will
help cover the costs of initial emergency works including the removal of
debris, emergency grading and repairs to washouts.
"All of this
work was carried out as a matter of urgency after the flood waters receded.
"The total
cost of major and minor repairs was more than $4.51 million of which
Goondiwindi Regional Council contributed $150,000."
Major repairs
included:
* Retreat Road -
$119,910
* Mooroobie Lane -
$386,550
* Lower Daymar
Road - $128,245
* Kioma Road -
$188,951
* Goodar Road -
$131,650
* Araluen Road -
$120,255
* Talwood Mungindi
Road - $865,729
"Under the
joint State and Federal funded Natural Disaster Relief and Recovery
Arrangements, financial assistance is provided to local governments to restore
non-insured essential public assets to their pre-disaster standard," she
said.
Since January 2009
more than $450 million has been committed to Councils across Queensland to help
them rebuild in the aftermath of natural disasters. For any query with respect
to this article or any other content requirement, please contact Editor at
htsyndication@hindustantimes.com
$353,661 FUNDS IN
DISASTER ASSISTANCE FOR TOOWOOMBA
Australian Government: 26 November 2010
[What follows is the full text of the news story.]
BRISBANE, Qld.,
Nov. 26 -- The Honourable Desley Boyle, Minister for Local Government and
Aboriginal and Torres Strait Islander Partnerships issued the following media
statement:
Local Government
Minister Delsey Boyle today announced $353,661 in disaster assistance to help
Toowoomba Regional Council cover the cost of repairs required in the aftermath
of flooding earlier this year.
"Toowoomba
might be a long way from the tropical coast but that didn't spare it from the
monsoonal flooding associated with this year's cyclone season," Ms Boyle
said.
"The flooding
that inundated a huge amount of Queensland did significant damage to Council's
local road infrastructure and other community assets.
"I
congratulate Council for rolling up its sleeves when the flood waters subsided
and getting on with the job of repairing roads."
Member for
Toowoomba North Kerry Shire said the funding would help cover a range of
repairs.
"Roads right
across the region required repairs and this funding will help ensure Council
are not significantly out of pocket," Mr Shine said.
"Council has
also played its part contributing $500,000 towards the repair bill.
"Major repair
works included:
* Punchs Creek
Road - $217,589
* Bulli Creek Road
- $23,946
* Quemoi Road -
$19,134
* Antonio Road -
$15,008
* Cecil Plains -
Moonie Road - $13,812
* Nine Mile Road -
$10,225
"The joint
State and Federal Natural Disaster Relief and Recovery Arrangements are in
place to ensure Councils can carry out repair works in the aftermath of natural
disasters without jeopardising their capital works programs or service
delivery."
Since January
2009, more than $472 million has been committed to Councils across Queensland
to help them rebuild following natural disasters. For any query with respect to
this article or any other content requirement, please contact Editor at
htsyndication@hindustantimes.com
New Stuff;
Acrobatic lamps, cubist-inspired suitcases, and more new stuff in New York
stores.
New York: 11 October 2010
[What follows is the full text of the news story.]
Peppercotten's
light-catching necklaces and wrap bracelets are made of loose Swarovski
crystals cased in nylon tubing (from $250 at Maryam Nassir Zadeh, 123 Norfolk
St., nr. Rivington St.; 212-673-6405).
The acrobatic Rook
lamp can perch on one or all of its three solid walnut legs ($199 at Blu Dot,
140 Wooster St., nr. Prince St.; 212-780-9058).
The reinforced
zippers on Delsey's Cubist-inspired Karat suitcases calm the nerves of chronic
overpackers (from $200 at Bloomingdale's, 1000 Third Ave., at 59th St.;
212-705-2000).
Global Luggage
Market to Reach US$48.4 Billion by 2015, According to New Report by Global
Industry Analysts, Inc.
PR Web: 30 September 2010
[What follows is the full text of the news story.]
GIA announces the
release of a comprehensive global report on Luggage market. The global market
for Luggage is forecast to reach US$48.4 billion by the year 2015, spurred by
price competitiveness and higher unit sales. Business and holiday travel
constitute the other primary growth propellants for the luggage market.
San Jose, CA
(Vocus) September 30, 2010 -- Travel and tourism drive luggage sales. Travel
luggage sales peak during tourist season and are sluggish during the rest of
the year. The popularity for outdoor sports, tourism, and adventure travel,
increased the demand for specialty luggage products. Luggage is increasingly
becoming a fashion accessory with ergonomic designs, trendy color combinations,
textures and clean contoured lines becoming the norm. Luggage producers are
focusing more on research and development, to design and manufacture luggage
with high quality materials and advanced features. This linkage of luggage with
fashion mandates luggage suppliers to constantly innovate in order to meet
evolving lifestyles and trends. Lately, security conscious tourists are opting
for lightweight, avant-garde, cabin-size luggage with highly safe-lock systems
to travel overseas. When it comes to luxury luggage, consumers in the present
times are more selective when compared to their counterparts a decade ago.
Buyers in the present scenario prefer luggage, which offers both comfort and
style.
Competition in
majority luggage markets worldwide is based on the finest brand name, product
quality, product design, and price. Other important parameters include consumer
advertising, product differentiation, innovation, and customer service. Entry
barriers for competitors in the soft side luggage market are comparatively
lower than the hardside market as hard-side luggage production is more capital
intensive, while soft-sided is labor-intensive. Major players including
Samsonite, are continuously engaged in developing luggage with sophisticated
technology, focusing on lightweight and solidity, security and storage
features.
The economic
slowdown in 2008 and 2009 had an adverse affect on the overall luggage
industry, since the number of travelers considerably dwindled, leading to a
repressed demand for suitcases and other travel and luggage accessories. The luggage
industry is heavily dependent on the travel and tourism industry, which slumped
by over 3% in 2009 compared to the corresponding period in 2008. The prospects
for 2010 also do not appear bright with a minimal growth of below 1% estimated
for the year. The global market for luggage witnessed decline in growth rates
over the last 2-3 years. With both business as well as leisure travelers
cutting down on travel expenses amid the economic downturn, the luggage
industry is also expected to witness reduced demand. Luggage manufacturers as
well as retailers worldwide continue to struggle with lower margins owing to
the decline in growth of luggage sales.
The US stands tall
as the single largest global market, as stated by the new market research
report on Luggage. Europe and Japan follow as the other significant markets for
luggage, the three accounting for a consolidated lion�s share of the global
market. In terms of growth, the Asia-Pacific market, driven by India, China,
Taiwan, Thailand, and Hong Kong, among others, is projected to trail blaze
ahead of the other world markets by 2015.
The
Suitcases/Pullmans Casual Bags & Garment Bags is the clear winner amassing
the largest share of the overall luggage market. The segment is also forecast
to witness the fastest annual growth rate, compounded through 2015. Sports Bags
Backpacks & Daypacks is the other significant luggage segment, retaining
its popularity over the years.
The worldwide
Luggage industry is highly fragmented and competitive, with hundreds of large,
medium and small players competing for a larger slice of the market. Survival
in the dynamic environment is dependent upon innovation, expertise, pricing and
evolution. Major participants include Antler Ltd, Atlantic Luggage Co., Boyt
Harness Company, LLC, Delsey S.A., Eagle Creek, Inc., Etienne Aigner AG,
Forward Industries, Inc., Hartmann Inc., JanSport, Inc., Luggage America Inc.,
LVMH, Nike, Inc., Platt Luggage Inc., Samsonite, Targus Group International,
Inc, Tumi Inc., Valigeria Roncato and VIP Industries Ltd.
The report titled
�Luggage: A Global Strategic Business Report� announced by Global Industry
Analysts Inc., provides a comprehensive review of industry outlook, overview,
market trends, product overview, recent industry activity, and profiles of
market players worldwide. Analysis and overview is presented for major
geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Middle
East and Latin America. Market analytics are provided in terms of terms of
dollar (value) for product segments including Suitcases/Pullmans Casual Bags
& Garment Bags, Business Bags, Sports Bags Backpacks & Daypacks and
Others. The study also presents historic data for an insight into market
evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please
visit � http://www.strategyr.com/Luggage_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf
market research. Founded in 1987, the company is globally recognized as one of
the world�s largest market research publishers. The company employs over 800
people worldwide and publishes more than 1200 full-scale research reports each
year.
Additionally, the company also offers thousands of smaller research products
including company reports, market trend reports, and industry reports
encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/
Donations to
hospitals
Sri Lanka Daily Mirror: 09 September 2010
[What follows is the full text of the news story.]
Sri Lanka, Sept. 9
-- Sri Lanka-Netherlands Peace Foundation makes the donation.
Director of the
Sri Lanka-Netherlands Peace Foundation, Delsey Perera donated a stock of drugs,
medical equipment and clothes worth more than Rs 450,000 to the Minuwangoda
District Hospital for the use of children under treatment there. Gampaha
District Parliamentarian Dr. Jayalath Jayawardene was also present at the
ceremony. Published by HT Syndication with permission from Daily Mirror Sri
Lanka. For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
Bag warns you on
weight TRAVEL GEAR
Star-Ledger (NJ): 29 August 2010
[What follows is the full text of the news story.]
Name: Delsey
Helium Fusion Lite 2.0 Expandable Suiter Trolley
What it is: A
lightweight rolling suitcase with a built-in overweight indicator. The 11-pound
bag measures about 29 by 19 by 12 inches, and can expand 2 inches.
How it works: To
check if you're over the 50-pound limit on checked bags, you lift a small
handle atop the case. The mechanical weight indicator displays red if the bag
is over.
The good: The
selling point is the overweight indicator. In a trip to Scandinavia, I never
was able to make the thing register overweight, because I didn't buy enough
wool sweaters, apparently. So I tossed in hand weights when I got home. That
did it. The bag is attractive (the blue is electric), sturdy and easy-rolling
with its "mag" in-line skate wheels. I easily pulled it about 3 miles
over city streets. It also has rubberized armor on all edges, a problem area
for wear on suitcases, and the handles feel firm, yet lush.
The bad: Though it
does indicate when the bag is more than 50 pounds, it doesn't tell you how much
it's over, so it could make the last-minute juggling of weight between bags a
bit tricky when trying to stay under the cash-penalty threshold. The blue bag
is attractive, but you can bet the baggage handlers will provide a grease spot.
Fortunately, the material can be cleaned.
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Delsey (Societe
Anonyme) Files Patent Application for an Improved Piece of Luggage |
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Indian Patent
News |
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[What follows is the full text of the article.] New Delhi, May 7 -- France based Delsey (Societe
Anonyme) filed patent application for an improved piece of luggage. The
inventor is Michel Aumasson. Delsey (Societe Anonyme) filed the patent
application on Jan. 27, 1995. The patent application number is 109/DEL/1995
A. The international classification number is A45C7/00. According to the Controller General of Patents,
Designs & Trade Marks, "This piece of luggage is characterized in
that it is provided at its periphery with a plurality of attachment devices
to which can be fastened in various positions, at the users choice, carrying
means such as shoulder straps, slings or handles." Copyright Contify.com
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No more lugging
your luggage |
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USA Today
(Magazine) |
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[What follows is the full text of the article.] It seems that one of the wonders of modern
technology is to keep making a variety of items lighter but stronger. Sports
equipment immediately comes to mind, as does luggage. For instance, the
Helium Fusion Lite 2.0 collections from Delsey Luggage, Inc., Elkridge, Md.,
draws its inspiration from aeronautics where innovative design and practical
application are a must. Utilization of lightweight aerospace materials such
as fiberglass graphite for the luggage frame and EverLast Polyester with EVA
foam backing promotes durability, while the "Over-Weight"
Indicator--with just a simple pull--on the 25" and 29" Upright
Suiter Trolleys tells travelers if their case in airline compliant: red means
the suitcase and its contents weigh more than 50 pounds. Yet, no matter how
heavy it is, the luggage's inline, recessed velocity wheels offer easy
rolling and manueverability. Besides the trolleys, the line includes a tote,
personal bag, duffel, and garment bag. If you are going to travel, you really should go
to www.delsey.com, and be sure to check out the Zip Securi Tech slide
fastener that offers protection against the forced opening of bags.
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Luggage maker
VIP shuns Delsey, to focus on own brands; To launch UK-based Carlton's basket
here |
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DNA (Daily News
& Analysis) |
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[What follows is the full text of the article.] VIP Industries, the largest luggage manufacturer
in India, on Thursday said it has decided to terminate distribution of French
luggage brand Delsey SA in India and Southeast Asia over disagreement on
investments. VIP, which was distributing Delsey products since
2001, has now decided to focus on its own brands. The luggage maker is also
launching Carlton brand in India that it acquired from UK's Carlton
International. "We have terminated distribution of Delsey
as they were not willing to spend on the brand's advertising here. We are
communicating the launch of Carlton to our retailers," Dilip Piramal,
chairman, VIP Industries, said on an analyst concall on Thursday, adding that
the company would focus on the flagship brand VIP that contributed most to
revenues and profits. VIP expects Carlton to break even this year and
contribute 5% to revenues. To gain market share, the company is increasing
its advertising spends on brands Alfa and Skybags. It also plans to re-launch
youth brand Footloose that will compete with Titan's luggage brand Fastrack.
The company plans to increase the presence of its mass brand Alfa in the
hypermarket channel through stores like Big Bazaar. Piramal said the company is also looking to beef
up presence in 'small items'-laptop bags, hand bags, accessories-a space it
is currently weak in. The company has already spent `18 crore, 50% more than
last year, on advertising and marketing in the first half of this year and
will spend 18-19 crore in the second half now. The company this month is also taking a 3-5%
price increase on the soft luggage segment, which is growing faster than the
hard luggage category and contributing more than 50% to revenues. About 80% of VIP's sales come from direct selling
to retailers while the rest is through distributors across the country.
Currently, about 10% of company's turnover is aided by overseas business.
This year, the company will open 60 VIP stores, majority of which will be
franchisee-run. Piramal said the company was aiming to be
debt-free by end of this year. According to a recent report by Netscribes
(India) Ltd, the luggage market in India is presently valued at `3,100 crore
and is expected to attain a market size of `4,700 crore by 2012. About 60% of
the market is unorganised while VIP is the market leader in the organised
segment with 55% market share in fiscal 2010. VIP's closest competition is Samsonite
Corporation that has a market share of 25% and is dominant in the premium
segment. Copyright 2010 Diligent Media Corporation Ltd.,
DNA (Daily News & Analysis) All Rights Reserved
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31-Dec-2009 |
28-Feb-2007 |
31-Dec-2006 |
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Period Length |
12 Months |
2 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.786611 |
0.796979 |
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Consolidated |
No |
No |
No |
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Total income |
94.3 |
13.8 |
97.3 |
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Net sales |
90.3 |
12.9 |
92.7 |
|
Change in stock |
6.9 |
- |
2.2 |
|
Subsidies for operating costs |
0.1 |
0.0 |
0.1 |
|
Supplementary operating income |
1.0 |
0.5 |
1.3 |
|
Other operating income |
2.9 |
0.4 |
3.1 |
|
Other external charges |
18.7 |
2.3 |
14.5 |
|
Cost of goods sold |
41.0 |
8.7 |
50.9 |
|
Taxes and social security costs |
1.7 |
0.3 |
2.0 |
|
Social charges |
4.3 |
0.8 |
3.8 |
|
Total payroll costs |
10.0 |
1.5 |
8.8 |
|
Cost of stock depreciation and amortisation |
1.2 |
0.6 |
0.6 |
|
Fixed asset depreciation and amortisation |
0.4 |
0.1 |
1.1 |
|
Other operating costs |
0.1 |
0.0 |
0.5 |
|
Total operating costs |
84.3 |
12.7 |
84.4 |
|
Net operating income |
10.0 |
1.1 |
12.9 |
|
Total financial income |
1.6 |
1.5 |
3.9 |
|
Interest payable on loans |
0.2 |
0.1 |
2.2 |
|
Other expenses |
2.1 |
0.4 |
1.0 |
|
Total expenses |
2.3 |
0.6 |
3.2 |
|
Profit before tax |
9.3 |
2.1 |
13.6 |
|
Extraordinary income |
1.5 |
0.0 |
1.4 |
|
Extraordinary expenses |
1.3 |
0.0 |
3.6 |
|
Extraordinary result |
0.2 |
0.0 |
- |
|
Total taxation |
3.7 |
- |
0.1 |
|
Profit distributed to employees |
1.1 |
- |
- |
|
Net profit |
4.7 |
2.1 |
11.3 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
28-Feb-2007 |
31-Dec-2006 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.757031 |
0.758351 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
13.1 |
12.0 |
12.0 |
|
Total reserves |
1.9 |
0.6 |
0.6 |
|
Profits for the year |
4.9 |
2.1 |
11.9 |
|
Profit brought forward from previous year(s) |
0.0 |
- |
- |
|
Total stockholders equity |
19.8 |
9.8 |
7.6 |
|
Provisions and allowances |
0.4 |
0.9 |
1.2 |
|
Trade creditors |
6.8 |
4.4 |
5.6 |
|
Bank loans and overdrafts |
- |
1.4 |
0.4 |
|
Current bank debts |
- |
1.4 |
0.4 |
|
Other loans |
6.0 |
8.2 |
14.3 |
|
Other liabilities |
5.3 |
7.1 |
1.9 |
|
Taxation and social security |
5.4 |
2.9 |
3.4 |
|
Total current liabilities |
23.5 |
23.9 |
25.6 |
|
Total debts |
23.5 |
23.9 |
25.6 |
|
Regularisation account |
0.1 |
0.3 |
0.4 |
|
Total liabilities (including net worth) |
43.8 |
34.9 |
34.8 |
|
Patents |
0.2 |
0.1 |
0.1 |
|
Land |
0.1 |
0.2 |
0.2 |
|
Buildings |
0.1 |
0.4 |
0.4 |
|
Other fixed assets |
0.5 |
0.9 |
0.9 |
|
Other financial assets |
0.7 |
0.7 |
0.7 |
|
Total non-current assets |
1.7 |
2.3 |
2.3 |
|
Net stocks and work in progress |
10.7 |
13.7 |
12.2 |
|
Trade debtors |
23.7 |
16.3 |
17.5 |
|
Other receivables |
0.2 |
0.2 |
0.3 |
|
Prepaid expenses |
0.4 |
0.4 |
0.4 |
|
Cash and liquid assets |
6.9 |
1.5 |
1.1 |
|
Total current assets |
42.0 |
32.1 |
31.5 |
|
Prepaid expenses and deferred costs |
0.1 |
0.5 |
1.0 |
|
Total assets |
43.8 |
34.9 |
34.8 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2009 |
28-Feb-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
2 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.757031 |
0.758351 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.80 |
1.30 |
1.20 |
|
Quick ratio |
1.30 |
0.80 |
0.80 |
|
Total liabilities to net worth |
1.20% |
2.62% |
3.90% |
|
Net worth to total assets |
0.45% |
0.26% |
0.19% |
|
Collection period |
77.30 |
370.80 |
54.60 |
|
Stock turnover rate |
8.70 |
1.00 |
8.00 |
|
Asset turnover |
2.13% |
0.38% |
2.80% |
|
Profit margin |
0.10% |
0.16% |
0.15% |
|
Return on assets |
0.22% |
0.06% |
0.41% |
|
Shareholders' return |
0.49% |
0.23% |
2.18% |
|
Sales per employee |
1,980.60 |
311.85 |
2,192.27 |
|
Profit per employee |
204.42 |
49.67 |
321.34 |
|
Average wage per employee |
219.33 |
36.03 |
207.26 |
|
Net worth |
19.8 |
9.8 |
7.6 |
|
Number of employees |
215 |
213 |
221 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
|
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.63.11 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.