MIRA INFORM
REPORT
|
Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
Strahman Valves |
|
|
|
|
Registered Office : |
Parc |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
July, 2004 |
|
|
|
|
Com. Reg. No.: |
478173206 |
|
|
|
|
Legal Form : |
Sole Proprietory Limited |
|
|
|
|
Line of Business : |
Manufacture and Production of other taps and valves |
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 : |
€ 180000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
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 |
47817320600010 |
|
Name |
STRAHMAN VALVES |
|
Telephone |
04 79 35 78 00 |
|
Fax |
|
|
Legal form |
Sole
proprietorship Ltd |
|
RCS
Registration |
478173206 |
|
Share Capital |
600,000 |
|
Incorporation
Date |
07/2004 |
|
Address |
PARC SAVOIE
HEXAPOLE |
|
Postcode |
73420 MERY |
|
Nationality |
|
|
Credit
Information Summary |
|
|
Credit Limit
(€) |
180,000 |
|
Judgments Summary |
|
No judgments
against this company. |
|
Directors
Summary |
|
|
Directorships |
1 |
|
Accounts
Summary (last 3 years) |
|||
|
Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
5,992,385 |
7,647,658 |
8,241,012 |
|
Networth |
2,583,777 |
2,018,254 |
1,248,374 |
|
Number of
Employees |
20 to 49 employees |
- |
- |
Company
Information
|
company details |
|
|
Company Name |
STRAHMAN VALVES |
|
Company Number |
47817320600010 |
|
Activity (APE) |
|
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
600,000 |
|
Registration
Court |
|
|
Legal form |
Sole
proprietorship Ltd |
|
Court Registry
Number |
20 0 4B004 |
|
EU VAT Number |
|
|
Incorporation
Date |
07/2004 |
|
Formation Date |
09/2004 |
|
Deregistration
Date |
|
|
Last account
Date |
31/12/2009 |
|
Nationality |
|
|
Establishment
details |
|
|
Postal Address |
PARC SAVOIE HEXAPOLE, |
|
Trading Address |
PARC SAVOIE HEXAPOLE, |
|
Telephone |
04 79 35 78 00 |
|
Fax |
|
|
Type |
Head office (one site company) |
|
Status |
Economically active |
|
Formation Date |
09/2004 |
|
Reason for
formation |
Formation |
|
Closure Date |
|
|
Reason for
closure |
|
|
Reactivation
Date |
|
|
Production Role |
|
|
Activity Nature |
Manufacture,
production |
|
Activity
Location |
Workshop |
|
Location
Service |
|
|
Seasonality |
|
|
Other
establishments |
|||||||||||||
|
Branches |
1 branch entities
in this company |
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|
|||||||||||||
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|
|||||||||||||
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Rationality |
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 |
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 |
5,992,385 |
-21.6% |
7,647,658 |
-7.2% |
8,241,012 |
|
Exports |
5,613,595 |
-22.5% |
7,245,177 |
-5.9% |
7,700,662 |
|
Operating
Charges |
4,874,475 |
-27.8% |
6,747,751 |
-1.4% |
6,840,982 |
|
Operating
Profit |
578,130 |
-35.0% |
889,302 |
63.1% |
545,237 |
|
Financial
Income |
58,695 |
10.6% |
53,075 |
-84.3% |
338,220 |
|
Financial
Charges |
64,519 |
-20.1% |
80,780 |
-49.1% |
158,557 |
|
Pre-Tax Profit |
572,306 |
-33.6% |
861,597 |
18.9% |
724,900 |
|
Extraordinary
Income |
35,365 |
173.7% |
12,919 |
-35.6% |
20,067 |
|
Extraordinary
Charges |
42,149 |
-59.7% |
104,636 |
8.3% |
96,594 |
|
Net Profit |
565,522 |
-26.5% |
769,880 |
18.7% |
648,374 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible
assets |
285,964 |
-18.0% |
348,719 |
-9.5% |
385,356 |
|
Intangible
assets |
259,112 |
53.3% |
169,057 |
-17.5% |
204,868 |
|
Financial
assets |
25,211 |
-6.8% |
27,055 |
1.9% |
26,555 |
|
Total fixed
assets |
456,321 |
-16.2% |
544,830 |
-11.7% |
616,778 |
|
Stocks |
556,690 |
-48.2% |
1,074,139 |
-13.4% |
1,240,086 |
|
Receivables |
2,281,103 |
69.4% |
1,346,289 |
-34.3% |
2,049,292 |
|
- Trade
Receivables |
1,452,317 |
46.0% |
994,910 |
-26.9% |
1,361,890 |
|
- Misc.
Receivables |
828,786 |
- |
351,379 |
- |
687,402 |
|
Cash |
249,136 |
-43.5% |
440,768 |
70.1% |
259,050 |
|
Misc. Current
Assets |
|
- |
|
- |
|
|
Total Current
Assets |
3,086,929 |
7.9% |
2,861,196 |
-19.4% |
3,548,428 |
|
Liabilities |
|||||
|
Trade Accounts
Payable |
590,172 |
-33.3% |
884,216 |
-40.7% |
1,491,855 |
|
Bank Loans and
Liabilities |
1,287 |
-29.0% |
1,812 |
-95.0% |
36,263 |
|
Sundry Loan and
Liabilities |
|
- |
|
- |
|
|
Advanced
Payments Received |
0 |
- |
0 |
- |
0 |
|
Tax and Social
Liabilities |
330,321 |
-20.7% |
416,791 |
42.8% |
291,879 |
|
Miscellaneous
Liabilities |
16,292 |
- |
37,438 |
- |
697,760 |
|
Provisions for Risks
& Charges |
34,138 |
-3.9% |
35,539 |
134.2% |
15,172 |
|
Other Capital
Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
600,000 |
0.0% |
600,000 |
0.0% |
600,000 |
|
Revaluation
Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
1,983,777 |
- |
1,418,254 |
- |
648,374 |
|
Total
Shareholders Funds |
2,583,777 |
28.0% |
2,018,254 |
61.7% |
1,248,374 |
|
|
|||||
|
Total Assets |
3,557,389 |
4.0% |
3,421,565 |
-18.2% |
4,180,377 |
|
Net Worth |
2,324,665 |
- |
1,849,197 |
- |
1,043,506 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
71.73% |
|
58.85% |
|
29.28% |
|
Net Gearing |
0.04% |
|
0.05% |
|
0.87% |
|
Repayment Power |
0.13% |
|
0 |
|
0 |
|
Capital
Requirement |
130.00 day |
|
71.00 day |
|
28.00 day |
|
Working Capital
Requirement |
115.00 day |
|
26.00 day |
|
2.00 day |
|
Net Cash |
15.00 day |
|
21.00 day |
|
10.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on
Invested Capital |
141.00% |
|
190.00% |
|
104.00% |
|
Return on
Equity |
21.89% |
|
38.15% |
|
51.94% |
|
Gross Profit |
38.15% Turnover |
|
35.61% Turnover |
|
27.20% Turnover |
|
Growth v's Year
Ago Qtr |
-1,655,273€ |
|
-593,354€ |
|
3,905,958€ |
|
Inventory
Returns |
-147.00 day |
|
-6.00 day |
|
-227.00 day |
|
Receivables
Days |
88.00 day |
|
46.00 day |
|
58.00 day |
|
Payable Days |
67.00 day |
|
66.00 day |
|
104.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
31.63% Turnover |
|
33.69% Turnover |
|
62.15% Turnover |
|
Gross Profit |
38.15% Turnover |
|
35.61% Turnover |
|
27.20% Turnover |
|
Wage and Salary
distribution / Gross Profit |
65.30% Turnover |
|
56.61% Turnover |
|
65.56% Turnover |
|
Gross Operating
Surplus |
10.72% Turnover |
|
13.55% Turnover |
|
7.79% Turnover |
|
Pre-tax Income |
9.55% Turnover |
|
11.27% Turnover |
|
8.80% Turnover |
|
Net Profit/Loss |
9.44% |
|
10.07% |
|
7.87% |
Judgments
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
|
No group structure
for this company. |
Event
history
|
Status history |
|
No status history
for this company. |
|
Recent
Publications in Gazettes |
||
|
Publication
Date |
Gazette Name |
Description |
|
03/08/2010 |
B |
Modification et
mutation diverse |
|
73 - SAVOIE |
||
|
|
||
|
03/08/2010 |
B |
Modification et
mutation diverse |
|
73 - SAVOIE |
||
|
|
||
|
06/09/2007 |
C |
Avis de dépôt des
comptes |
|
8524 - 478 173 206. RCS Chambéry STRAHMAN
VALVES |
||
|
|
||
|
31/07/2007 |
B |
Modifications et
mutations diverses |
|
1665 - RCS Chambéry B 478 173 206. RC 04-B
493. STRAHMAN VALVES |
||
|
|
||
|
29/12/2006 |
C |
Avis de dépôt des
comptes |
|
6938 - RCS Chambéry B 478 173 206. RC 04-B 493.
STRAHMAN VALVES |
||
|
|
||
|
23/04/2006 |
B |
Modifications et
mutations diverses |
|
1933 - RCS Chambéry B 478 173 206. RC 04-B
493. STRAHMAN VALVES |
||
|
|
||
|
02/03/2006 |
B |
Modifications et
mutations diverses |
|
1582 - Ancienne situation du siège social :
RCS Chambéry B 478 173 206. RC 04-B 493. STRAHMAN MG. Forme : S.A.R.L. à associé
unique. Capital : 100 000 euros. Adresse : parc |
||
|
|
||
|
30/09/2005 |
C |
Avis de dépôt des
comptes |
|
4426 - RCS Chambéry B 478 173 206. RC 04-B
493. STRAHMAN MG. Forme: E.U.R.L. . Adresse du siège social: parc Savoie
Hexapole,73420 Mery. Comptes annuels et rapports de l'exercice clos le: 31
décembre 2004. |
||
|
|
||
|
19/11/2004 |
A_REG |
Création
d'établissement |
|
RCS Chambéry B 478173206 A dater du: 10
juillet 2004 RC 04-B 493 STRAHMAN MG. Forme : S.A.R.L. à associé unique.
Capital : 100 000 euros. Adresse du siège social : parc Savoie Hexapole,
73420 Méry. Administration : gérants : PERCOCO ( August, Félix) COZZI (Frank)
Etablissement principal: Activité : mécanique générale et de précision
études, ingénierie, fabrication, négoce, montage, installation de
robinetterie industrielle, d'appareils à pression et toutes activités
connexes. Adresse : parc |
||
|
|
||
|
07/10/2004 |
B |
Modifications et
mutations diverses |
|
RCS Chambéry B 478173206 RC 04-B 493
STRAHMAN MG. Forme : S.A.R.L. à associé unique. Capital : 100 000 euros.
Adresse du siège social : parc Savoie Hexapole, 73420 Méry Etablissement
principal: Activité : mécanique générale et de précision études, ingénierie,
fabrication, négoce, montage, installation de robinetterie industrielle,
d'appareils à pression et toutes activités connexes. Adresse : parc |
||
|
|
||
|
24/08/2004 |
A_REG |
Création
d'établissement |
|
RCS Chambéry B 478173206 A dater du: 10 juillet
2004 RC 04-B 493 STRAHMAN MG. Forme : S.A.R.L. à associé unique. Capital :
100 000 euros. Adresse du siège social : parc Savoie Hexapole, 73420 Méry.
Administration : gérants : PERCOCO ( August, Félix) COZZI (Frank) Cette
société se constitue Etablissement principal: Activité : mécanique générale
et de précision études, ingénierie, fabrication, négoce, montage,
installation de robinetterie industrielle, d'appareils à pression et toutes
activités connexes. Adresse : parc |
||
|
|
||
|
Company events
history |
|
|
Date |
Description |
|
03/08/2010 |
Bodacc B: Various
editing or changing |
|
19/07/2010 |
Amendment |
|
31/12/2009 |
New accounts
available |
|
31/12/2008 |
New accounts
available |
|
13/10/2008 |
Payment incident
closed |
|
07/09/2008 |
Payment incident
detected |
|
31/12/2007 |
New accounts
available |
|
06/07/2007 |
Change to
corporate purpose |
|
06/07/2007 |
Minutes of general
meeting of shareholders |
|
06/07/2007 |
Modification de
l'objet social |
|
06/07/2007 |
Private document |
|
06/07/2007 |
Reconstitution de
l'Actif Net |
|
06/07/2007 |
Continuation of
business despite loss of equity |
|
06/07/2007 |
Continuation
malgré perte supérieure à la moitié du capital |
|
06/07/2007 |
Réduction de
Capital |
|
06/07/2007 |
Capital reduction |
|
06/07/2007 |
Acte modificatif |
|
06/07/2007 |
Augmentation de
Capital |
|
06/07/2007 |
Updated articles
of association |
|
06/07/2007 |
Statuts mis à jour |
|
Establishment
events history |
|
|
Date |
Description |
|
06/02/2010 |
Update Rating |
|
02/01/2010 |
Update Rating |
|
24/08/2009 |
Update Rating |
|
24/08/2009 |
Update Limit |
|
13/10/2008 |
Update Rating |
|
13/10/2008 |
Update Limit |
|
23/09/2008 |
Update Limit |
|
23/09/2008 |
Update Rating |
|
18/09/2008 |
Update Limit |
|
18/09/2008 |
Update Rating |
|
18/03/2008 |
Update of phone
numbers |
|
17/03/2008 |
Update of phone
numbers |
|
13/01/2008 |
Update Limit |
|
11/12/2007 |
Update Limit |
|
07/08/2007 |
Update Limit |
|
07/08/2007 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M PERCOCO AUGUST
FELIX |
Manager
position |
Gérant |
|
Date of birth |
25/12/1947 |
Place of birth |
|
|
Type of manager |
Individual |
Name at birth
of manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.14 |
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 Company |
---- |
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.