MIRA
INFORM REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ALLEVARD REJNA AUTOSUSPENSIONS |
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Registered Office : |
320, Bureaux De La Colline St Cloud, 92210 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1955 |
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Com. Reg. No.: |
515580421 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of motor vehicles |
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 : |
No Complaints |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Allevard Rejna Autosuspensions
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Business
Description
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Allevard Rejna Autosuspensions is primarily engaged in manufacture of
internal combustion piston engines and parts thereof except aircraft, motor
vehicle and cycle engines (marine engines; and railway engines); and
manufacture of turbines and parts thereof (steam turbines and other vapour
turbines; hydraulic turbines, water-wheels and regulators thereof; and gas
turbines). |
Industry
|
Industry |
Auto and Truck Parts |
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ANZSIC 2006: |
231 - Motor Vehicle and Motor Vehicle Part
Manufacturing |
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NACE 2002: |
3410 - Manufacture of motor vehicles |
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NAICS 2002: |
336312 - Gasoline Engine and Engine Parts
Manufacturing |
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UK SIC 2003: |
3410 - Manufacture of motor vehicles |
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US SIC 1987: |
3714 - Motor Vehicle Parts and Accessories
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Key
Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Allevard Rejna
Autosuspensions |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Milan |
Italy |
Electric Utilities |
6,498.4 |
13,257 |
|
|
Subsidiary |
Milan |
Italy |
Auto and Truck Parts |
1,224.7 |
5,777 |
|
|
Subsidiary |
SĂ£o Bernardo do Campo, SP |
Brazil |
Auto and Truck Parts |
|
600 |
|
|
Subsidiary |
Hagen |
Germany |
Auto and Truck Parts |
76.0 |
380 |
|
|
Subsidiary |
Settimo Torinese, TO |
Italy |
Miscellaneous Fabricated Products |
|
250 |
|
|
Subsidiary |
Medvode |
Slovenia |
Auto and Truck Parts |
18.9 |
160 |
|
|
Subsidiary |
Ludwigsburg |
Germany |
Auto and Truck Parts |
1.0 |
5 |
|
|
Subsidiary |
Belo Horizonte |
Brazil |
Miscellaneous Capital Goods |
|
1 |
|
|
Subsidiary |
Lisboa |
Portugal |
Water Transportation |
75.0 |
|
|
|
Subsidiary |
Rome |
Italy |
Printing and Publishing |
1,190.7 |
2,752 |
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Subsidiary |
Roma |
Italy |
Printing and Publishing |
199.4 |
642 |
|
|
Subsidiary |
Udine, UD |
Italy |
Printing and Publishing |
58.7 |
251 |
|
|
Subsidiary |
Sassari, Sassari |
Italy |
Printing and Publishing |
46.0 |
74 |
|
|
Subsidiary |
Milano, MI |
Italy |
Advertising |
890.2 |
400 |
|
|
Subsidiary |
Milano, MI |
Italy |
Broadcasting and Cable Television |
120.5 |
356 |
|
|
Subsidiary |
Roma |
Italy |
Printing and Publishing |
1.0 |
300 |
|
|
Subsidiary |
Bolzano, Bolzano-Bozen |
Italy |
Printing and Publishing |
29.9 |
119 |
|
|
Subsidiary |
Roma, Roma (Rome) |
Italy |
Printing and Publishing |
37.4 |
116 |
|
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Communications Services |
|
30 |
|
|
Subsidiary |
Milano, Milano (Milan) |
Italy |
Motion Pictures |
11.3 |
85 |
|
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Communications Services |
8.4 |
26 |
|
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Subsidiary |
Guyancourt |
France |
Auto and Truck Parts |
247.6 |
1,034 |
|
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Subsidiary |
Cerdanyola Del Valles, Barcelona |
Spain |
Auto and Truck Parts |
38.5 |
144 |
|
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Subsidiary |
St Cloud |
France |
Auto and Truck Parts |
192.0 |
708 |
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Subsidiary |
Völklingen, Saarland |
Germany |
Miscellaneous Fabricated Products |
23.9 |
62 |
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Subsidiary |
Hengelo Ov, Overijssel |
Netherlands |
Miscellaneous Fabricated Products |
5.6 |
34 |
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Subsidiary |
St Cloud |
France |
Miscellaneous Fabricated Products |
15.3 |
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Branch |
Douai |
France |
Auto and Truck Parts |
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Subsidiary |
Sant'Antonino di Susa, TO |
Italy |
Auto and Truck Parts |
119.5 |
400 |
|
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Subsidiary |
Pontyclun |
United Kingdom |
Auto and Truck Parts |
110.9 |
715 |
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Subsidiary |
Milano, MI |
Italy |
Electric Utilities |
3,179.3 |
224 |
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Subsidiary |
Roma, Roma (Rome) |
Italy |
Electric Utilities |
|
39 |
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Subsidiary |
Cagliari, Cagliari |
Italy |
Miscellaneous Capital Goods |
2.3 |
1 |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
|
37 |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
2.2 |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
2.8 |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
2.4 |
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Subsidiary |
Maisons Laffitte |
France |
Electric Utilities |
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Subsidiary |
Termoli, Campobasso |
Italy |
Electric Utilities |
319.8 |
30 |
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Subsidiary |
Grottammare, Ascoli Piceno |
Italy |
Construction Services |
3.8 |
11 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Electric Utilities |
3.3 |
1 |
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Subsidiary |
Civitanova Marche, Macerata |
Italy |
Healthcare Facilities |
1.1 |
60 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Commercial Banks |
0.0 |
22 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Miscellaneous Financial Services |
|
21 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Healthcare Facilities |
179.9 |
1,633 |
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Subsidiary |
Potenza Picena, Macerata |
Italy |
Healthcare Facilities |
126.8 |
1,323 |
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Subsidiary |
Modena, Modena |
Italy |
Healthcare Facilities |
11.2 |
81 |
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Subsidiary |
Potenza Picena, Macerata |
Italy |
Business Services |
5.0 |
30 |
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Subsidiary |
Loreto, Ancona |
Italy |
Healthcare Facilities |
11.7 |
20 |
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Subsidiary |
Fossombrone, Null |
Italy |
Personal Services |
2.3 |
29 |
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Subsidiary |
Civitanova Marche, Macerata |
Italy |
Healthcare Facilities |
31.2 |
130 |
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Subsidiary |
Suzzara, Mantova (Mantua) |
Italy |
Healthcare Facilities |
36.9 |
97 |
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Subsidiary |
Bologna, Bologna |
Italy |
Healthcare Facilities |
24.1 |
46 |
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Subsidiary |
Anzola Dell' Emilia, Bologna |
Italy |
Healthcare Facilities |
4.9 |
15 |
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Subsidiary |
Bologna, Bologna |
Italy |
Healthcare Facilities |
2.1 |
10 |
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Subsidiary |
Bologna, Bologna |
Italy |
Healthcare Facilities |
2.6 |
8 |
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Subsidiary |
Varazze, Savona |
Italy |
Healthcare Facilities |
13.4 |
33 |
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Executives Report
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
197.4 |
170.3 |
226.7 |
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Net sales |
192.0 |
173.1 |
219.7 |
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Change in stock |
- |
1.8 |
- |
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Unfinished work in progress |
1.9 |
- |
3.2 |
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Subsidies for operating costs |
0.1 |
0.1 |
0.1 |
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Supplementary operating income |
3.4 |
2.5 |
3.6 |
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Other operating income |
0.0 |
0.0 |
0.2 |
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Other external charges |
30.6 |
25.3 |
36.4 |
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Cost of goods sold |
107.9 |
91.7 |
125.7 |
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Taxes and social security costs |
4.2 |
4.3 |
5.2 |
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Social charges |
15.2 |
14.2 |
15.5 |
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Total payroll costs |
32.4 |
32.6 |
34.6 |
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Cost of stock depreciation and amortisation |
1.3 |
0.9 |
1.6 |
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Fixed asset depreciation and amortisation |
10.3 |
11.6 |
12.2 |
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Other operating costs |
0.1 |
0.1 |
0.1 |
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Total operating costs |
201.6 |
182.4 |
230.6 |
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Total financial income |
15.1 |
26.4 |
32.4 |
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Interest payable on loans |
4.3 |
4.3 |
9.9 |
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Other expenses |
0.5 |
6.6 |
6.3 |
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Total expenses |
4.8 |
10.9 |
16.3 |
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Profit before tax |
6.1 |
3.3 |
12.3 |
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Extraordinary income |
9.2 |
4.5 |
6.1 |
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Extraordinary expenses |
9.1 |
10.4 |
4.7 |
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Extraordinary result |
0.1 |
- |
1.4 |
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Net profit |
6.5 |
0.7 |
14.6 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
48.3 |
51.7 |
50.0 |
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Share premium account |
25.9 |
27.7 |
26.9 |
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Legal reserves |
12.4 |
14.0 |
14.0 |
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Total reserves |
5.6 |
6.0 |
5.2 |
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Profits for the year |
6.6 |
0.7 |
13.9 |
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Profit brought forward from previous year(s) |
13.9 |
14.1 |
21.3 |
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Capital subsidies and grants |
0.4 |
0.5 |
0.2 |
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Total stockholders equity |
113.2 |
114.7 |
131.4 |
|
Provisions and allowances |
9.6 |
14.5 |
10.0 |
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Trade creditors |
46.1 |
48.1 |
48.7 |
|
Bank loans and overdrafts |
0.0 |
0.0 |
- |
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Current bank debts |
0.0 |
0.0 |
- |
|
Other loans |
111.4 |
118.5 |
117.7 |
|
Other liabilities |
3.8 |
2.8 |
1.7 |
|
Debts on fixed assets |
3.0 |
2.0 |
4.3 |
|
Income stated in advance |
- |
0.0 |
0.0 |
|
Taxation and social security |
13.0 |
12.4 |
11.4 |
|
Total debts |
177.3 |
183.9 |
183.8 |
|
Regularisation account |
- |
0.0 |
- |
|
Total liabilities (including net worth) |
300.0 |
313.1 |
325.2 |
|
Patents |
2.6 |
3.7 |
1.5 |
|
Goodwill |
2.7 |
3.2 |
3.3 |
|
Other intangibles |
0.6 |
0.6 |
2.3 |
|
Land |
0.8 |
0.9 |
0.9 |
|
Buildings |
4.5 |
5.5 |
5.4 |
|
Other fixed assets |
37.4 |
43.7 |
44.7 |
|
Long-term investments |
183.3 |
187.1 |
179.9 |
|
Other financial assets |
0.1 |
0.1 |
0.1 |
|
Total non-current assets |
232.0 |
244.8 |
238.1 |
|
Net stocks and work in progress |
19.9 |
19.0 |
25.3 |
|
Trade debtors |
32.0 |
36.9 |
43.9 |
|
Other receivables |
14.5 |
10.7 |
15.6 |
|
Prepaid expenses |
0.2 |
0.2 |
0.2 |
|
Cash and liquid assets |
1.4 |
1.4 |
1.1 |
|
Total current assets |
68.0 |
68.1 |
86.1 |
|
Prepaid expenses and deferred costs |
- |
0.2 |
1.0 |
|
Total assets |
300.0 |
313.1 |
325.2 |
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total liabilities to net worth |
1.65% |
1.72% |
1.49% |
|
Net worth to total assets |
0.36% |
0.34% |
0.38% |
|
Collection period |
49.90 |
62.70 |
63.80 |
|
Stock turnover rate |
9.80 |
9.40 |
8.20 |
|
Asset turnover |
0.65% |
0.57% |
0.64% |
|
Profit margin |
0.03% |
0.02% |
0.06% |
|
Return on assets |
0.02% |
0.01% |
0.04% |
|
Shareholders' return |
0.06% |
0.03% |
0.10% |
|
Sales per employee |
1,409.07 |
1,152.94 |
1,329.68 |
|
Profit per employee |
44.61 |
22.16 |
74.26 |
|
Average wage per employee |
237.80 |
217.19 |
209.39 |
|
Net worth |
113.2 |
114.7 |
131.4 |
|
Number of employees |
675 |
708 |
741 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.87 |
|
|
1 |
Rs.75.14 |
|
Euro |
1 |
Rs.66.68 |
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.