MIRA INFORM REPORT
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Report Date : |
24.12.2011 |
IDENTIFICATION DETAILS
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Name : |
HAMON THERMAL EUROPE FRANCE |
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Registered Office : |
84, Rue Charles Michels, St Denis, 93200 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1985 |
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Com. Reg. No.: |
331693507 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
manufacture of refrigerating or freezing
industrial equipment |
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No. of Employees
: |
143 persons |
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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Status : |
Satisfactory |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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France |
a2 |
a2 |
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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 & address
Hamon Thermal Europe France
84, Rue Charles Michels
St Denis, 93200
France
Tel: +33 01 55 87 78 78
Fax: +33 01 45 19 37 77
Web: www.hamon.com
Synthesis
Employees: 143
Company Type: Public Subsidiary
Corporate Family: 15
Companies
Ultimate Parent: Sopal International
Incorporation Date:
15-Jan-1985
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 49.2
Total Assets: 35.2
Business Description
Hamon Thermal
Europe France is primarily engaged in manufacture of refrigerating or freezing
industrial equipment; manufacture of air-conditioning machines; manufacture of
heat exchangers; and manufacture of non-domestic fans.
Industry
Industry Construction - Supplies and
Fixtures
ANZSIC 2006: 2449 - Other
Domestic Appliance Manufacturing
NACE 2002: 2822 - Manufacture
of central heating radiators and boilers
NAICS 2002: 333414 - Heating
Equipment (except Warm Air Furnaces) Manufacturing
UK SIC 2003: 2822 - Manufacture
of central heating radiators and boilers
US SIC 1987: 3433 - Heating
Equipment, Except Electric and Warm Air Furnaces
Key Executives
|
Name |
Title |
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Francis Lambilliotte |
President Directeur General |
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Serge Vigier |
Directeur Operaitons & Sales |
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Rodica Popescu |
General manager |
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Gonzague Poirson |
Responsable Informatique |
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Raphaël Garcia |
Directeur Ressources Humaines |
Registered No.(FRA): 331693507
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
84, Rue Charles Michels
St Denis, 93200
France
Tel: +33 01 55 87 78 78
Fax: +33 01 45 19 37 77
Web: www.hamon.com
Sales EUR(mil): 37.1
Assets EUR(mil): 26.2
Employees: 143
Fiscal Year End: 31-Dec-2010
Industry: Construction - Supplies and Fixtures
Incorporation Date: 15-Jan-1985
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(FRA): 331693507
Directeur Operaitons & Sales: Serge
Vigier
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2449 - Other Domestic Appliance Manufacturing
NACE 2002 Codes:
2822 - Manufacture of central heating radiators and boilers
NAICS 2002 Codes:
333414 - Heating Equipment (except Warm Air Furnaces) Manufacturing
US SIC 1987:
3433 - Heating Equipment, Except Electric and Warm Air Furnaces
UK SIC 2003:
2822 - Manufacture of central heating radiators and boilers
Business
Description
Design and manufacture of cooling systems for electric power plants and
various other industries
More Business
Descriptions
Hamon Thermal
Europe France is primarily engaged in manufacture of refrigerating or freezing
industrial equipment; manufacture of air-conditioning machines; manufacture of
heat exchangers; and manufacture of non-domestic fans.
Air Purification
Equipment Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Hamon Thermal
Europe France |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Bruxelles |
Belgium |
Investment Services |
0.1 |
|
|
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Subsidiary |
Mont-Saint-Guibert |
Belgium |
Miscellaneous Capital Goods |
457.6 |
1,305 |
|
|
Subsidiary |
Seneffe |
Belgium |
Fabricated Plastic and Rubber |
8.9 |
67 |
|
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Subsidiary |
Corbais |
Belgium |
Construction - Supplies and Fixtures |
29.6 |
50 |
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Subsidiary |
Corbais |
Belgium |
Miscellaneous Capital Goods |
35.5 |
36 |
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Subsidiary |
St Denis |
France |
Miscellaneous Financial Services |
28.6 |
18 |
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Subsidiary |
Bochum |
Germany |
Miscellaneous Capital Goods |
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Subsidiary |
Dochamps |
Belgium |
Construction Services |
4.1 |
19 |
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Subsidiary |
Hoogstraten |
Belgium |
Retail (Home Improvement) |
0.0 |
18 |
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Subsidiary |
Pepinster |
Belgium |
Medical Equipment and Supplies |
10.5 |
17 |
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Subsidiary |
Saint Denis |
France |
Construction - Supplies and Fixtures |
2.5 |
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Subsidiary |
Elouges |
Belgium |
Construction - Raw Materials |
0.0 |
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Subsidiary |
St Denis |
France |
Construction - Supplies and Fixtures |
49.2 |
143 |
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Subsidiary |
Fresnes Sur Escaut |
France |
Construction - Supplies and Fixtures |
53.3 |
128 |
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Subsidiary |
Bruxelles |
Belgium |
Personal and Household Products |
36.3 |
25 |
Executive report
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Board of
Directors |
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President Directeur General |
Chairman |
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Administrateur |
Director/Board Member |
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Administrateur |
Director/Board Member |
G |
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Executives |
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President Directeur General |
President |
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Directeur General Delegue |
Managing Director |
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Directeur Operaitons & Sales |
Operations Executive |
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General manager |
Administration Executive |
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Directeur Ressources Humaines |
Human Resources Executive |
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Responsable Exportation |
International Executive |
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Commercial director, Marketing director |
Marketing Executive |
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Responsable Informatique |
Information Executive |
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Annual Profit & Loss
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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 |
57.9 |
66.7 |
66.6 |
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Net sales |
49.2 |
66.5 |
62.1 |
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Change in stock |
0.1 |
- |
- |
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Unfinished work in progress |
3.4 |
- |
- |
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Subsidies for operating costs |
0.0 |
0.0 |
- |
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Supplementary operating income |
4.9 |
2.4 |
5.0 |
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Other operating income |
0.3 |
0.2 |
0.2 |
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Other external charges |
20.4 |
28.3 |
24.7 |
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Cost of goods sold |
13.5 |
10.3 |
14.7 |
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Taxes and social security costs |
1.0 |
1.2 |
1.0 |
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Social charges |
4.5 |
4.8 |
5.1 |
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Total payroll costs |
8.7 |
9.2 |
9.9 |
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Cost of stock depreciation and amortisation |
1.8 |
5.0 |
0.8 |
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Fixed asset depreciation and amortisation |
0.1 |
0.3 |
0.3 |
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Other operating costs |
0.2 |
0.1 |
0.6 |
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Total operating costs |
50.3 |
58.8 |
56.3 |
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Net operating income |
7.6 |
8.0 |
10.3 |
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Total financial income |
0.4 |
0.3 |
0.5 |
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Interest payable on loans |
0.1 |
0.4 |
0.6 |
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Other expenses |
0.0 |
0.1 |
0.2 |
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Total expenses |
0.1 |
0.5 |
0.7 |
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Profit before tax |
7.9 |
7.7 |
10.0 |
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Extraordinary income |
- |
0.1 |
0.6 |
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Extraordinary expenses |
1.5 |
1.2 |
1.9 |
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Total taxation |
1.3 |
2.0 |
2.5 |
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Profit distributed to employees |
0.6 |
0.6 |
0.7 |
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Net profit |
4.6 |
4.0 |
5.6 |
Annual Balance Sheet
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 |
8.8 |
9.4 |
9.1 |
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Share premium account |
1.2 |
1.3 |
1.2 |
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Total reserves |
0.9 |
0.8 |
0.5 |
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Profits for the year |
4.6 |
4.1 |
5.4 |
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Total stockholders equity |
14.5 |
15.6 |
16.2 |
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Provisions and allowances |
5.4 |
8.9 |
5.9 |
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Trade creditors |
7.5 |
6.2 |
7.2 |
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Advances received |
3.6 |
1.3 |
2.3 |
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Bank loans and overdrafts |
- |
- |
0.3 |
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Other loans |
0.2 |
1.2 |
6.6 |
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Other liabilities |
0.0 |
0.5 |
0.6 |
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Debts on fixed assets |
0.1 |
0.1 |
0.1 |
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Taxation and social security |
3.8 |
4.6 |
4.1 |
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Total current liabilities |
11.4 |
11.4 |
12.2 |
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Total debts |
15.2 |
13.9 |
21.1 |
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Regularisation account |
0.1 |
0.1 |
0.1 |
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Total liabilities (including net worth) |
35.2 |
38.4 |
43.2 |
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Patents |
0.0 |
0.0 |
0.0 |
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Goodwill |
6.1 |
6.5 |
6.3 |
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Land |
0.3 |
0.3 |
0.3 |
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Buildings |
0.2 |
0.1 |
0.1 |
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Other fixed assets |
1.0 |
0.8 |
0.9 |
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Long-term investments |
0.8 |
0.7 |
0.7 |
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Other financial assets |
0.0 |
0.3 |
0.3 |
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Total non-current assets |
8.4 |
8.7 |
8.6 |
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Prepayments |
0.1 |
- |
0.2 |
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Net stocks and work in progress |
8.0 |
6.0 |
7.9 |
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Trade debtors |
14.7 |
16.8 |
20.6 |
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Other receivables |
0.6 |
1.2 |
4.3 |
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Prepaid expenses |
0.2 |
0.3 |
0.4 |
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Cash and liquid assets |
3.1 |
5.5 |
1.2 |
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Total current assets |
26.8 |
29.7 |
34.6 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
35.2 |
38.4 |
43.2 |
Annual Ratios
Financials in: USD (mil)
|
|
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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|
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|
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Current ratio |
2.30 |
2.60 |
2.80 |
|
Quick ratio |
1.60 |
2.10 |
2.20 |
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Total liabilities to net worth |
1.83% |
1.55% |
2.16% |
|
Net worth to total assets |
0.24% |
0.23% |
0.23% |
|
Collection period |
89.50 |
74.30 |
105.70 |
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Stock turnover rate |
6.20 |
11.50 |
7.50 |
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Asset turnover |
1.42% |
1.79% |
1.37% |
|
Profit margin |
0.16% |
0.12% |
0.16% |
|
Return on assets |
0.23% |
0.21% |
0.22% |
|
Shareholders' return |
0.97% |
0.89% |
0.98% |
|
Sales per employee |
1,691.98 |
2,194.18 |
1,908.76 |
|
Profit per employee |
272.43 |
254.29 |
308.67 |
|
Average wage per employee |
297.88 |
303.84 |
304.17 |
|
Net worth |
14.5 |
15.6 |
16.2 |
|
Number of employees |
144 |
143 |
146 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.68.90 |
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 |
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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.