MIRA INFORM REPORT

 

 

Report Date :

23.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SERT-METAL

 

 

Registered Office :

3 Rue De L Europe, Zac Des Pivolles

 

 

Country :

France

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

December 1954

 

 

Com. Reg. No.:

954510061

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Overall design and assembly of industrial plant equipment industrial process control

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR  480,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

 

Company Details

Company Number

95451006100037

Name

SERT-METAL

Telephone

04 78 26 50 50

Fax

04 78 41 40 00

Legal form

Simplified joint stock company

RCS Registration

  954510061

Share Capital

309,280

Incorporation Date

12/1954

Address

3 RUE DE L EUROPE, ZAC DES PIVOLLES

Postcode

69150 DECINES CHARPIEU

Nationality

France

 

 

Company Information

company details

Company Name

SERT-METAL

Company Number

95451006100037

Activity (APE)

Overall design and assembly of industrial plant equipment industrial process control

Activity (APRM)

 

Currency

EURO (€)

Share capital

309,280

Registration Court

Lyon (69)

Legal form

Simplified joint stock company

Court Registry Number

19 5 4B010

EU VAT Number

FR82954510061

Incorporation Date

12/1954

Formation Date

01/1954

Deregistration Date

 

Last account Date

31/12/2010

Nationality

France

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 480,000 EUR

 

DIRECTORS/MANAGEMENT

 

Directors Summary

Directorships

1

 

Directors

Director

Name

FINANSERT

Manager position

Président

Date of birth

 

Place of birth

 

Type of manager

Moral person

Name at birth of manager

 

 

NEGATIVE INFORMATION

 

Judgements

Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

 

Preferentials Rights

No social security and tax office preferential right to date.

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

 

No group structure for this company.

FINANCIAL INFORMATION

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2010

31/12/2009

31/12/2008

Turnover

9,366,727

6,714,227

10,318,498

Networth

5,167,416

4,742,849

4,714,327

Number of Employees

20 to 49 employees

-

-

 

 

Accounts & Ratios

 

Profit & Loss

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Account period (month)

12

-

12

-

12

Account Type

Normal Account

-

Normal Account

-

Normal Account

Currency

Euro

-

Euro

-

Euro

Turnover

9,366,727

39.5%

6,714,227

-34.9%

10,318,498

Exports

8,996,193

38.9%

6,475,585

-31.9%

9,502,522

Operating Charges

9,108,007

42.9%

6,373,766

-28.1%

8,862,190

Operating Profit

1,094,221

143.7%

448,960

-65.6%

1,304,172

Financial Income

84,760

-75.1%

340,690

46.6%

232,342

Financial Charges

25,993

-89.4%

245,005

-0.4%

245,920

Pre-Tax Profit

1,152,988

111.7%

544,646

-57.8%

1,290,594

Extraordinary Income

52,354

-81.2%

277,998

872.6%

28,583

Extraordinary Charges

3,677

-83.5%

22,271

-32.2%

32,867

Net Profit

700,894

26.3%

555,141

-35.3%

858,487

 

 

Balance Sheet

 

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Assets

- Tangible assets

313,563

-12.5%

358,394

-22.7%

463,645

Intangible assets

830,320

-1.3%

841,393

6.3%

791,748

Financial assets

2,123

-

0

-

0

Total fixed assets

1,146,006

-4.5%

1,199,789

-4.4%

1,255,395

Stocks

1,920,057

109.6%

916,081

-24.4%

1,212,274

Receivables

3,163,210

106.2%

1,533,755

-41.7%

2,630,396

- Trade Receivables

2,720,960

104.2%

1,332,484

-31.8%

1,953,898

- Misc. Receivables

442,250

-

201,271

-

676,498

Cash

3,055,932

2.6%

2,977,988

15.0%

2,589,671

Misc. Current Assets

264,088

-

218,169

-

413,415

Total Current Assets

8,403,287

48.8%

5,645,993

-17.5%

6,845,756

Liabilities

Trade Accounts Payable

1,499,944

215.4%

475,620

-57.8%

1,128,276

Bank Loans and Liabilities

0

-

0

-100.0%

36,943

Sundry Loan and Liabilities

740,549

-

283,454

-

140,051

Advanced Payments Received

557,239

239.6%

164,098

-57.6%

387,046

Tax and Social Liabilities

640,073

66.2%

385,025

-43.2%

677,633

Miscellaneous Liabilities

23,295

-

6,581

-

1,430

Provisions for Risks & Charges

310,952

-2.4%

318,477

-46.3%

592,577

Other Capital Resources

310,000

0.0%

310,000

55.0%

200,000

Share Capital

309,280

0.0%

309,280

0.0%

309,280

Revaluation Reserve

0

-

0

-

0

Other Reserves

4,858,136

-

4,433,569

-

4,405,047

Total Shareholders Funds

5,167,416

9.0%

4,742,849

0.6%

4,714,327

 

Total Assets

9,549,293

39.5%

6,845,783

-15.5%

8,101,151

Net Worth

4,337,096

-

3,901,456

-

3,922,579

 

 

Ratios

 

Account Date

31/12/2010

%

31/12/2009

%

31/12/2008

Structure

Protection

57.36%

 

73.81%

 

60.66%

Net Gearing

7.76%

 

4.14%

 

2.18%

Repayment Power

69.03%

 

31.29%

 

11.58%

Capital Requirement

207.00 day

 

239.00 day

 

154.00 day

Working Capital Requirement

89.00 day

 

79.00 day

 

64.00 day

Net Cash

117.00 day

 

160.00 day

 

90.00 day

 

Performance

Return on Invested Capital

135.00%

 

58.00%

 

132.00%

Return on Equity

13.56%

 

11.70%

 

18.21%

Gross Profit

43.08% Turnover

 

38.85% Turnover

 

40.06% Turnover

Growth v's Year Ago Qtr

2,652,500€

 

-3,604,271€

 

1,781,583€

Inventory Returns

69.00 day

 

-57.00 day

 

-90.00 day

Receivables Days

107.00 day

 

72.00 day

 

70.00 day

Payable Days

83.00 day

 

42.00 day

 

67.00 day

 

SIG

Profit

0

 

0

 

0

Gross Profit

43.08% Turnover

 

38.85% Turnover

 

40.06% Turnover

Wage and Salary distribution / Gross Profit

58.42% Turnover

 

69.41% Turnover

 

55.79% Turnover

Gross Operating Surplus

16.47% Turnover

 

10.31% Turnover

 

16.13% Turnover

Pre-tax Income

12.31% Turnover

 

8.11% Turnover

 

12.51% Turnover

Net Profit/Loss

7.48%

 

8.27%

 

8.32%

 

FOREIGN EXCHANGE RATES

 

Na

ADDITIONAL INFORMATION

 

Establishment details

Postal Address

3 RUE DE L EUROPE,ZAC DES PIVOLLES
69150 DECINES CHARPIEU,

Trading Address

3 RUE DE L EUROPE,ZAC DES PIVOLLES
69150 DECINES CHARPIEU,

Telephone

04 78 26 50 50

Fax

04 78 41 40 00

Type

Head office (one site company)

Status

Economically active

Formation Date

01/1954

Reason for formation

Other

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

-

Activity Location

Other

Location Service

 

Seasonality

 

 

Other establishments

Branches

1 branch entities in this company

Company number

95451006100037

Company name

SERT-METAL

Type

Head office (one site company)

Activity (ape)

Conception d'ensemble et assemblage sur site industriel d'équipements de contrôle des processus industriels

Post Code

69150

City

DECINES CHARPIEU

 

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

 

 

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

 

 

Event history

 

Status history

No status history for this company.

 

 

Recent Publications in Gazettes

 

Publication Date

Gazette Name

Description

27/07/2011

B

Modification et mutation diverse

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
2862 - 954 510 061 RCS Lyon. SERT-METAL. Forme : Société par Actions Simplifiée. Enseigne : SERT METAL. Sigle : SERT. Administration : SIMONNIN Patrick nom d'usage : SIMONNIN n'est plus gérant. FINANSERT devient président. Modification de la désignation d'un dirigeant : commissaire aux comptes titulaire ACTITUD AUDIT Alain Bonniot et Associés.. Activité : . Commentaires : Modification de la forme juridique. Modification de la dénomination. Modification de l'administration.

 

 

12/07/2010

C

Comptes annuels et rapports

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
7598 - 954510061 RCS. SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T.. Forme : Société à Responsabilité Limitée. Adresse : 3 avenue de l'Europe Parc les Pivolles 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

 

 

17/09/2009

C

Comptes annuels et rapports

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
9783 - 954510061 RCS. SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T.. Forme : Société à Responsabilité Limitée. Adresse : 3 avenue de l'Europe Parc les Pivolles 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

 

 

24/09/2008

C

Comptes annuels et rapports

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
9921 - 954510061 RCS. SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T.. Forme : Société à Responsabilité Limitée. Adresse : 3 avenue de l'Europe Parc les Pivolles, 69150 Décines-Charpieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

 

 

28/08/2008

B

Modification et mutation diverse

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
1333 - 954 510 061 RCS Lyon. SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T. Forme : Société à Responsabilité Limitée. Enseigne : SERT METAL. Sigle : SERT. Capital : 309280 EUR. Commentaires : Modification du capital.

 

 

28/08/2008

B

Modification et mutation diverse

69 - RHONE
GREFFE DU TRIBUNAL DE COMMERCE DE LYON
1333 - 954 510 061 RCS Lyon. SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T. Forme : Société à Responsabilité Limitée. Enseigne : SERT METAL. Sigle : SERT. Capital : 309280 EUR. Commentaires : Modification du capital.

 

 

21/11/2007

C

Avis de dépôt des comptes

10072 - 954 510 061. RCS Lyon STE D ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T.. Sigle: SERT Forme: société à responsabilité limitée. Adresse du siège social: 3 avenue de l'Europe Parc Les Pivolles, 69150 Décines-Charpieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.

 

 

02/11/2006

C

Avis de dépôt des comptes

6288 - RCS Lyon B 954 510 061. RC 54-B 1006. STE D ETUDES ET DE REALISATIONS TECHNIQUES S.E.R.T.. Forme: S.A.R.L. Adresse du siège social: 3, Avenue de l Europe - parc l,69150 Decines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

 

14/10/2005

C

Avis de dépôt des comptes

3340 - RCS Lyon B 954 510 061. RC 54-B 1006. STE D ETUDES ET DE REALISATIONS TECHNIQUES S.E.R.T.. Forme: société à responsabilité limitée. Adresse du siège social: 3, Avenue de l Europe - parc l,69150 Decines. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

 

11/04/2003

B

Modifications et mutations diverses

RCS Lyon 954510061 RC 54-B 01006 STE D' ETUDES ET DE REALISATIONS TECHNIQUES-S. E.R.T. Sigle : SERT. Forme : S.A.R.L Nom commercial: Sert Métal. Adresse du siège social : parc Les Pivolles, 3 avenue de l'Europe, 69150 Décines-Charpieu. Commentaires : modification survenue sur le nom commercial (adjonction).

 

 

25/04/2002

B

Modifications et mutations diverses

RCS Lyon 954510061 RC 54-B 01006 SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES-S.E.R.T. Sigle : SERT. Forme : S. A.R.L. Adresse du siège social : parc Les Pivolles, 3 avenue de l'Europe, 69150 Décines. Administration : nouveau gérant : SIMONIN (Patrick), ancien P.-D.G. Anciens administrateurs : DUPUICH ( Benoit) CUMIN (Bernard) et MONTEGU ( Franck). Commentaires : modification survenue sur la forme juridique.

 

 

21/09/2001

B

Modifications et mutations diverses

RCS Lyon 954510061 RC 54-B 01006 SOCIETE D'ETUDES ET DE REALISATIONS TECNIQUES-S.E.R.T. Sigle : S.E.R.T. Forme : S.A. à conseil d'administration. Capital : 300 000 euros. Adresse du siège social : parc Les Pivolles, 3 avenue de l'Europe, 69150 Décines. Commentaires : modification survenue sur le capital.

 

 

29/06/1999

B

Modifications et mutations diverses

RCS Lyon 954510061 RC 54-B 01006 SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES-S.E.R.T. Forme : S.A. Capital : 500 000 F. Adresse du siège social : parc Les Pivolles, 3 avenue de l'Europe, 69150 Décines. Administration : anciens administrateurs : DECORZENT (Guy) et LADREYT (Claude). Date d'effet : 1er décembre 1998.

 

 

07/10/1995

B

Modifications et mutations diverses

RCS Lyon B 954510061 RC 54-b 1006 SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES - S.E.R.T. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 500 000 F. Adresse du siège social : 3, avenue de l'Europe, parc Les Pivolles, 69150 Décines-Charpieu. Administration : ancien commissaire aux comptes suppléant : PASSOT (Gabriel) nouveau commissaire aux comptes suppléant : VUAILLAT (Pascal). Date d'effet : 29 juin 1995.

 

 

09/06/1995

B

Modifications et mutations diverses

RCS. RCS Lyon B 954 510 061 RC RC 54-B 1006 SOCIETE D'ETUDES ET DE REALISATIONS TECHNIQUES S.E.R.T. Forme : S.A. à directoire et conseil de surveillance. Capital : 1 500 000 F. Adresse du siège social : parc Les Pivolles, 3, avenue de l'Europe 69150 Decines. Administration : nomination de SIMONNIN (Patrick) au poste de président du conseil de directoire Membre du conseil de surveillance partant : Mme DUPUICH (Frédérique) remplacé par DUPUICH (Benoit) qui démissionne de son poste de membre du directoire. Cooptation d'un nouveau membre du directoire LADREYT (Claude) qui démissionne de son poste de président du directoire. Date d'effet : 12 janvier 1995.

 

 

 

Company events history

 

Date

Description

27/07/2011

Bodacc B: Various editing or changing

14/07/2011

Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness

08/07/2011

Minutes of general meeting of shareholders

08/07/2011

Updated articles of association

06/06/2011

Update of Company Legal Form

06/06/2011

Legal Gazette: Appointment of the social representative

06/06/2011

Update of Company Name

06/06/2011

Modification to Company Identifier

31/12/2010

New accounts available

12/07/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

17/09/2009

Bodacc C : Deposit accounts notice

31/12/2008

New accounts available

24/09/2008

Bodacc C : Deposit accounts notice

28/08/2008

Bodacc B: Various editing or changing

28/08/2008

New Bodacc B ads detected

29/07/2008

Updated articles of association

29/07/2008

Capital increase

29/07/2008

Private document

29/07/2008

Minutes of general meeting of shareholders

 

 

 

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.95

UK Pound

1

Rs.75.76

Euro

1

Rs.66.01

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.