MIRA
INFORM REPORT
|
Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
ERAMET COMILOG MANGANESE |
|
|
|
|
Registered Office : |
33 Av Du |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.209 |
|
|
|
|
Date of Incorporation : |
October 1999 |
|
|
|
|
Com. Reg. No.: |
42494793500013 |
|
|
|
|
Legal Form : |
Simplified joint stock company |
|
|
|
|
Line of Business : |
Activities of head offices |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
-- |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Summary
|
Company Details |
|
|
Company Number |
42494793500013 |
|
Name |
ERAMET COMILOG MANGANESE |
|
Telephone |
01 45 38 42 00 |
|
Fax |
|
|
Legal form |
Simplified joint stock company |
|
RCS Registration |
424947935 |
|
Share Capital |
40,000 |
|
Incorporation Date |
10/1999 |
|
Address |
33 AV DU |
|
Postcode |
75015 |
|
Nationality |
|
|
Judgements Summary |
|
No judgements against this company. |
|
Directors Summary |
|
|
Directorships |
2 |
|
Accounts Summary (last 3 years) |
|||
|
Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
463,578,000 |
726,672,000 |
449,631,000 |
|
Networth |
-2,525,000 |
4,070,000 |
-882,000 |
|
Number of Employees |
50 to 99 employees |
- |
- |
Company
Information
|
company details |
|
|
Company Name |
ERAMET COMILOG MANGANESE |
|
Company Number |
42494793500013 |
|
Activity (APE) |
|
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
40,000 |
|
Registration Court |
|
|
Legal form |
Simplified joint stock company |
|
Court Registry Number |
19 9 9B154 |
|
EU VAT Number |
|
|
Incorporation Date |
10/1999 |
|
Formation Date |
10/1999 |
|
Deregistration Date |
|
|
Last account Date |
31/12/2009 |
|
Nationality |
|
|
Establishment details |
|
|
Postal Address |
33 AV DU |
|
Trading Address |
33 AV DU |
|
Telephone |
01 45 38 42 00 |
|
Fax |
|
|
Type |
Head office |
|
Status |
Economically active |
|
Formation Date |
10/1999 |
|
Reason for formation |
Formation |
|
Closure Date |
|
|
Reason for closure |
|
|
Reactivation Date |
|
|
Production Role |
|
|
Activity Nature |
- |
|
Activity Location |
Other |
|
Location Service |
|
|
Seasonality |
|
|
Other establishments |
|||||||||||||||||||||||||
|
Branches |
2 branch entities in this company |
||||||||||||||||||||||||
|
|||||||||||||||||||||||||
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|
|||||||||||||||||||||||||
|
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 |
50 to 99 employees |
|
Company workforce |
50 to 99 employees |
Accounts
& Ratios
|
Profit & Loss |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
|
Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
|
Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
463,578,000 |
-36.2% |
726,672,000 |
61.6% |
449,631,000 |
|
Exports |
446,919,000 |
-32.7% |
663,920,000 |
59.7% |
415,796,000 |
|
Operating Charges |
469,819,000 |
-34.8% |
720,246,000 |
60.3% |
449,287,000 |
|
Operating Profit |
-6,231,000 |
-187.1% |
7,154,000 |
1,486.3% |
451,000 |
|
Financial Income |
29,127,000 |
-37.5% |
46,619,000 |
200.8% |
15,496,000 |
|
Financial Charges |
29,484,000 |
-36.2% |
46,245,000 |
196.9% |
15,578,000 |
|
Pre-Tax Profit |
-6,588,000 |
-187.5% |
7,528,000 |
1,940.1% |
369,000 |
|
Extraordinary Income |
0 |
- |
0 |
- |
0 |
|
Extraordinary Charges |
6,000 |
-93.4% |
91,000 |
295.7% |
23,000 |
|
Net Profit |
-6,594,000 |
-233.1% |
4,955,000 |
1,608.6% |
290,000 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible assets |
312,000 |
-2.8% |
321,000 |
77.3% |
181,000 |
|
Intangible assets |
45,000 |
-76.3% |
190,000 |
-65.5% |
551,000 |
|
Financial assets |
126,000 |
-0.8% |
127,000 |
9.5% |
116,000 |
|
Total fixed assets |
483,000 |
-24.3% |
638,000 |
-24.8% |
848,000 |
|
Stocks |
0 |
-100.0% |
121,000 |
- |
0 |
|
Receivables |
889,865,000 |
-13.1% |
1,023,728,000 |
148.0% |
412,738,000 |
|
- Trade Receivables |
110,478,000 |
15.9% |
95,317,000 |
-12.6% |
109,096,000 |
|
- Misc. Receivables |
779,387,000 |
- |
928,411,000 |
- |
303,642,000 |
|
Cash |
5,095,000 |
1,615.5% |
297,000 |
-95.1% |
6,112,000 |
|
Misc. Current Assets |
|
- |
1,000 |
- |
|
|
Total Current Assets |
894,960,000 |
-12.6% |
1,024,147,000 |
144.5% |
418,850,000 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
123,287,000 |
28.6% |
95,858,000 |
-9.3% |
105,630,000 |
|
Bank Loans and Liabilities |
10,183,000 |
15,810.9% |
64,000 |
- |
0 |
|
Sundry Loan and Liabilities |
758,071,000 |
- |
917,273,000 |
- |
303,729,000 |
|
Advanced Payments Received |
0 |
- |
0 |
- |
0 |
|
Tax and Social Liabilities |
5,339,000 |
-19.6% |
6,639,000 |
-34.5% |
10,133,000 |
|
Miscellaneous Liabilities |
56,000 |
- |
7,000 |
- |
259,000 |
|
Provisions for Risks & Charges |
1,029,000 |
11.6% |
922,000 |
16.3% |
793,000 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
40,000 |
0.0% |
40,000 |
0.0% |
40,000 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
-2,565,000 |
- |
4,030,000 |
- |
-922,000 |
|
Total Shareholders Funds |
-2,525,000 |
-162.0% |
4,070,000 |
561.5% |
-882,000 |
|
|
|||||
|
Total Assets |
896,372,000 |
-12.8% |
1,027,770,000 |
144.4% |
420,571,000 |
|
Net Worth |
-2,570,000 |
- |
3,880,000 |
- |
-1,433,000 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
-0.28% |
|
0.40% |
|
-0.21% |
|
Net Gearing |
85.71% |
|
89.26% |
|
72.22% |
|
Repayment Power |
-11,932.49% |
|
16,641.38% |
|
27,636.85% |
|
Capital Requirement |
587.00 day |
|
457.00 day |
|
242.00 day |
|
Working Capital Requirement |
592.00 day |
|
458.00 day |
|
238.00 day |
|
Net Cash |
-4.00 day |
|
0 |
|
5.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
-1,199.00% |
|
1,105.00% |
|
148.00% |
|
Return on Equity |
261.15% |
|
121.74% |
|
-32.88% |
|
Gross Profit |
0.78% Turnover |
|
2.31% Turnover |
|
2.49% Turnover |
|
Growth v's Year Ago Qtr |
-263,094,000€ |
|
277,041,000€ |
|
135,228,000€ |
|
Inventory Returns |
0 |
|
0 |
|
0 |
|
Receivables Days |
86.00 day |
|
47.00 day |
|
87.00 day |
|
Payable Days |
97.00 day |
|
49.00 day |
|
87.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
0.87% Turnover |
|
0.61% Turnover |
|
0 |
|
Gross Profit |
0.78% Turnover |
|
2.31% Turnover |
|
2.49% Turnover |
|
Wage and Salary distribution / Gross Profit |
242.61% Turnover |
|
55.29% Turnover |
|
85.52% Turnover |
|
Gross Operating Surplus |
-1.25% Turnover |
|
0.97% Turnover |
|
0.28% Turnover |
|
Pre-tax Income |
-1.42% Turnover |
|
1.04% Turnover |
|
0.08% Turnover |
|
Net Profit/Loss |
-1.42% |
|
0.68% |
|
0.06% |
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. |
Group
Structure
|
Ultimate Parent |
|||
|
Ultimate Parent Company |
ERAMET |
||
|
Companies in Group |
89 |
||
|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
ERAMET |
632045381 |
- |
31/12/2009 |
|
ERAMET INGÉNIERIE |
301570214 |
100 % |
31/12/2009 |
|
ERAMET RESEARCH |
301608634 |
100 % |
31/12/2009 |
|
-SOCIÉTÉ LE NICKEL |
|
56 % |
N/A |
|
EUROTUNGSTENE |
325538973 |
100 % |
31/12/2009 |
|
STRAND MINERALS PTE LTD |
|
66.66 % |
N/A |
|
PT WEDA BAY NICKEL |
|
90 % |
N/A |
|
WEDA BAY MINERALS PTY LTD |
|
100 % |
N/A |
|
WEDA BAY MINERALS INC |
|
100 % |
N/A |
|
ERAMET HOLDING NICKEL |
335120515 |
100 % |
31/12/2009 |
|
SOCIÉTÉ DE LA PETITE FAYE |
393811930 |
100 % |
N/A |
|
POUM SAS |
|
56 % |
N/A |
|
COMINC |
702045394 |
56 % |
N/A |
|
ERAMET INTERNATIONAL |
398932939 |
100 % |
31/12/2009 |
|
BROWN |
382844579 |
100 % |
31/12/2009 |
|
-ERAMET COMILOG MANGANÈSE |
424947935 |
83.63 % |
31/12/2009 |
|
-COMPAGNIE MINIÈRE DE L' OGOOUÉ Z I DE MOANDA SA |
|
67.25 % |
N/A |
|
UNIMIN HOLDING GMBH |
|
100 % |
N/A |
|
-COMILOG FRANCE |
307046060 |
100 % |
31/12/2009 |
|
COMILOG DUNKERQUE |
345308936 |
100 % |
31/12/2009 |
|
ERACHEM COMILOG SA |
|
100 % |
N/A |
|
-COMILOG HOLDING |
404913105 |
100 % |
31/12/2009 |
|
COMILOG INTERNATIONAL |
592017750 |
100 % |
31/12/2009 |
|
COMILOG |
|
100 % |
N/A |
|
SETRAG SA |
|
83.88 % |
N/A |
|
PORT MINÉRALIER D\'OWENDO ( |
|
97.24 % |
N/A |
|
ERACHEM COMILOG INC |
|
100 % |
N/A |
|
GUANGXI COMILOG FERRO ALLOYS |
|
70 % |
N/A |
|
GUILIN COMILOG FERRO ALLOYS LTD |
|
100 % |
N/A |
|
COMILOG ASIA FERRO ALLOYS LTD |
|
100 % |
N/A |
|
MINER |
|
100 % |
N/A |
|
-GULF CHEMICAL & METALLURGICAL CORP. |
|
67.25 % |
N/A |
|
BEAR METALLURGICAL CORPORATION |
|
100 % |
N/A |
|
INDUSTRIAS SULFAMEX/ERACHEM MEXICO SA |
|
100 % |
N/A |
|
COMILOG |
|
100 % |
N/A |
|
COMILOG FAR EAST DEVELOPMENT LTD |
|
100 % |
N/A |
|
ERAMET COMILOG SHANGAI TRADING CO LTD |
|
93.45 % |
N/A |
|
GUANGXI ERAMET COMILOG CHEMICALS |
|
100 % |
N/A |
|
ERAMET MARIETTA INC. |
|
100 % |
N/A |
|
GULF CHEMICAL AND METALLURGICAL CANADA CORPORATION |
|
100 % |
N/A |
|
ERAMET |
|
100 % |
N/A |
|
ERAMET |
|
100 % |
N/A |
|
-ERAMET ALLIAGES |
432883817 |
100 % |
31/12/2009 |
|
-AUBERT & DUVAL |
380342808 |
100 % |
31/12/2009 |
|
AUBERT & DUVAL |
|
100 % |
N/A |
|
AUBERT & DUVAL |
|
-1 |
N/A |
|
AIRFORGE |
447715095 |
100 % |
31/12/2009 |
|
AUBERT & DUVAL ITALIA |
|
-1 |
N/A |
|
SOCIÉTÉ INTERNATIONALE DE FORGEAGE ET DE MATRICAGE |
732032271 |
94 % |
31/12/2009 |
|
AUBERT & DUVAL DEUTSCHLAND |
|
-1 |
N/A |
|
AUBERT & DUVAL |
|
-1 |
N/A |
|
-ERASTEEL |
352849137 |
100 % |
31/12/2009 |
|
ERASTEEL UK LTD |
|
100 % |
N/A |
|
ERASTEEL COMMENTRY |
562092643 |
100 % |
31/12/2009 |
|
ERASTEEL GMBH |
|
100 % |
N/A |
|
ERAMET KOREA LTD |
|
100 % |
N/A |
|
-ERASTEEL KLOSTER A.B. |
|
100 % |
N/A |
|
ERASTEEL INC |
|
100 % |
N/A |
|
ERASTEEL STUBS LIMITED |
|
100 % |
N/A |
|
ERASTEEL CHAMPAGNOLE |
320564321 |
100 % |
31/12/2009 |
|
ERASTEEL FAR EAST |
|
100 % |
N/A |
|
ERAMET INTERNATIONAL S.A.S. |
|
-1 |
N/A |
|
ERASTEEL INNOVATIVE MATERIAL CO LTD |
|
100 % |
N/A |
|
-SOCIÉTÉ INDUSTRIELLE DE MÉTALLURGIE AVANCÉE |
562013995 |
100 % |
31/12/2009 |
|
MICROSTEEL - CIMD |
312610629 |
100 % |
31/12/2009 |
|
STAHLSCHMIDT GMBH |
|
100 % |
N/A |
|
-ERAMET HOLDING MANGANÈSE |
414947275 |
100 % |
31/12/2009 |
|
COMILOG ASIA LTD |
|
80 % |
N/A |
|
METAL CURRENCIES |
493227482 |
100 % |
31/12/2009 |
|
MÉTAL SÉCURITIES |
418457362 |
100 % |
31/12/2009 |
|
ERAS S.A. |
|
100 % |
N/A |
|
-ERALLOYS HOLDING A/S |
|
100 % |
N/A |
|
TINFOS INTERNATIONAL A/S |
|
100 % |
N/A |
|
VALDI |
479736894 |
100 % |
31/12/2009 |
|
TINFOS NOTODDEN |
|
34 % |
N/A |
|
DNN INDUSTRIER A/S |
|
100 % |
N/A |
|
ERAMET TINFOS TITAN A/S |
|
100 % |
N/A |
|
ERAMET TITANIUM & IRON A/S |
|
100 % |
N/A |
|
ERAMET |
|
100 % |
N/A |
|
TINFOS A/S |
|
33.35 % |
N/A |
|
UKAD SAS |
509667838 |
50 % |
31/12/2009 |
|
TINFOS AQUA A/S |
|
100 % |
N/A |
|
AUBERT & DUVAL MOLD AND DIE TECHNOLOGY |
|
85 % |
N/A |
|
SOMIVAB |
|
83 % |
N/A |
|
SOGAFERRO |
|
69.99 % |
N/A |
|
GULF CHEMICAL AND METALLURGICAL CORP. |
|
67.25 % |
N/A |
|
COMILOG |
|
67.25 % |
N/A |
|
TINFOS ENERGI A/S |
|
100 % |
N/A |
|
ERAMET TITAN A/S |
|
100 % |
N/A |
Event
history
|
Status history |
|
No status history for this company. |
|
Recent Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
14/12/2007 |
C |
Avis de dépôt des comptes |
|
9718 - 424 947
935. RCS |
||
|
|
||
|
28/10/2007 |
B |
Modifications et mutations diverses |
|
2410 - RCS |
||
|
|
||
|
06/02/2007 |
B |
Modifications et mutations diverses |
|
1236 - RCS |
||
|
|
||
|
17/01/2007 |
C |
Avis de dépôt des comptes |
|
3975 - RCS |
||
|
|
||
|
17/01/2006 |
C |
Avis de dépôt des comptes |
|
3632 - RCS |
||
|
|
||
|
02/09/2004 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
13/12/2001 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
15/11/2001 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
03/08/2000 |
B |
Modifications et mutations diverses |
|
*. RCS |
||
|
|
||
|
25/11/1999 |
A_REG |
Création d'établissement |
|
RCS |
||
|
|
||
|
Company events history |
|
|
Date |
Description |
|
16/07/2010 |
Continuation of business despite loss of equity |
|
16/07/2010 |
Updated articles of association |
|
16/07/2010 |
Minutes of general meeting of shareholders |
|
29/06/2010 |
Legal Gazette: Continuation of activity |
|
31/12/2009 |
New accounts available |
|
31/12/2008 |
New accounts available |
|
31/12/2007 |
New accounts available |
|
04/10/2007 |
Minutes of general meeting of shareholders |
|
04/10/2007 |
Private document |
|
04/10/2007 |
Appointment/resignation of company officers |
|
04/10/2007 |
New chairman (CEO, CoB) |
|
17/01/2007 |
Modification du Conseil d'Administration |
|
17/01/2007 |
Private document |
|
17/01/2007 |
Appointment/resignation of company officers |
|
17/01/2007 |
Minutes of general meeting of shareholders |
|
17/01/2007 |
Acte modificatif |
|
31/12/2006 |
New accounts available |
|
31/12/2005 |
New accounts available |
|
31/12/2004 |
New accounts available |
|
16/08/2004 |
Changement de Président (PDG, PCA) |
Directors
|
Director |
|||
|
Name |
M VECTEN PHILIPPE |
Manager position |
Président |
|
Date of birth |
22/04/1949 |
Place of birth |
ST SOUPPLETS (77165) |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M ABEKE MARCEL |
Manager position |
Directeur général |
|
Date of birth |
26/04/1953 |
Place of birth |
|
|
Type of manager |
Individual |
Name at birth of
manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.61.15 |
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.