MIRA INFORM REPORT

 

 

Report Date :

02.03.2011

 

IDENTIFICATION DETAILS

 

Name :

MODERNE MECANIQUE SAS

 

 

Registered Office :

13 Av De La Trentaine 77500 Chelles

 

 

Country :

France

 

 

Financials (as on) :

30.09.2009

 

 

Year of Establishment :

May 1998

 

 

Com. Reg. No.:

41864735000010

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Manufacture of other special purpose machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

(€) 250,000

Status :

Very Good

Payment Behaviour :

No Complaints

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

(30.09.2010)

Current Rating

(31.12.2010)

France

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

41864735000010

Name

MODERNE MECANIQUE SAS

Telephone

01 60 08 71 71

Fax

01 60 08 65 75

Legal form

Simplified joint stock company

RCS Registration

  418647350

Share Capital

1,500,000

Incorporation Date

05/1998

Address

13 AV DE LA TRENTAINE

Postcode

77500 CHELLES

Nationality

France

 

 

Credit Information Summary

Today's Credit Limit (€)

250,000

 

 

Judgements Summary

No judgements against this company.

 

 

Directors Summary

Directorships

1

 

 

Accounts Summary (last 3 years)

Accounts Date

30/09/2009

30/09/2008

30/09/2007

Turnover

6,484,132

6,853,249

5,017,124

Networth

2,059,149

1,980,226

1,739,123

Number of Employees

20 to 49 employees

-

-

 

Company Information

 

company details

Company Name

MODERNE MECANIQUE SAS

Company Number

41864735000010

Activity (APE)

 

Activity (APRM)

 

Currency

EURO (€)

Share capital

1,500,000

Registration Court

Meaux (77)

Legal form

Simplified joint stock company

Court Registry Number

19 9 8B005

EU VAT Number

 

Incorporation Date

05/1998

Formation Date

03/1998

Deregistration Date

 

Last account Date

30/09/2009

Nationality

France

 

 

Establishment details

Postal Address

13 AV DE LA TRENTAINE,
77500 CHELLES,

Trading Address

13 AV DE LA TRENTAINE,
77500 CHELLES,

Telephone

01 60 08 71 71

Fax

01 60 08 65 75

Type

Head office (one site company)

Status

Economically active

Formation Date

03/1998

Reason for formation

Contribution

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

41864735000010

Company name

MODERNE MECANIQUE SAS

Type

Head office (one site company)

Activity (ape)

Manufacture of other special purpose machinery

Post Code

77500

City

CHELLES

 

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

 

Accounts & Ratios

 

Profit & Loss

Account Date

30/09/2009

%

30/09/2008

%

30/09/2007

Account period (month)

12

-

12

-

12

Account Type

Normal Account

-

Normal Account

-

Normal Account

Currency

Euro

-

Euro

-

Euro

Turnover

6,484,132

-5.4%

6,853,249

36.6%

5,017,124

Exports

6,321,776

-4.5%

6,622,142

48.0%

4,474,343

Operating Charges

6,139,054

-6.6%

6,569,371

24.9%

5,261,021

Operating Profit

193,209

-53.8%

418,621

881.8%

42,638

Financial Income

31,926

-20.5%

40,159

54.2%

26,037

Financial Charges

21,443

-5.9%

22,792

-4.9%

23,966

Pre-Tax Profit

203,692

-53.3%

435,989

875.2%

44,708

Extraordinary Income

921

-91.8%

11,292

60.2%

7,048

Extraordinary Charges

82,849

3.1%

80,334

967.7%

7,524

Net Profit

79,451

-67.1%

241,331

866.8%

24,961

 

 

Balance Sheet

Account Date

30/09/2009

%

30/09/2008

%

30/09/2007

Assets

- Tangible assets

684,156

-1.0%

691,326

0.7%

686,465

Intangible assets

169

-

0

-

0

Financial assets

282

0.0%

282

0.0%

282

Total fixed assets

684,607

-1.0%

691,608

0.7%

686,747

Stocks

1,433,758

-29.7%

2,038,596

40.9%

1,446,359

Receivables

2,581,386

-19.2%

3,195,969

60.3%

1,993,990

- Trade Receivables

599,168

-64.6%

1,691,061

123.0%

758,294

- Misc. Receivables

1,982,218

-

1,504,908

-

1,235,696

Cash

226,048

497.5%

37,835

-33.5%

56,879

Misc. Current Assets

3,554

-

1,008

-

38,653

Total Current Assets

4,244,746

-19.5%

5,273,408

49.1%

3,535,881

Liabilities

Trade Accounts Payable

1,341,160

-23.1%

1,743,779

87.4%

930,272

Bank Loans and Liabilities

499,958

-23.4%

652,558

6.0%

615,507

Sundry Loan and Liabilities

 

-

 

-

 

Advanced Payments Received

40,000

-64.9%

114,012

-27.5%

157,304

Tax and Social Liabilities

750,046

-19.5%

931,557

48.8%

626,228

Miscellaneous Liabilities

115,609

-

86,976

-

58,736

Provisions for Risks & Charges

87,427

-16.6%

104,801

9.8%

95,457

Other Capital Resources

0

-

0

-

0

Share Capital

1,500,000

0.0%

1,500,000

0.0%

1,500,000

Revaluation Reserve

0

-

0

-

0

Other Reserves

559,149

-

480,226

-

239,123

Total Shareholders Funds

2,059,149

4.0%

1,980,226

13.9%

1,739,123

 

Total Assets

4,929,354

-17.4%

5,965,016

41.3%

4,222,627

Net Worth

2,058,980

-

1,980,226

-

1,739,123

 

 

Ratios

Account Date

30/09/2009

%

30/09/2008

%

30/09/2007

Structure

Protection

41.77%

 

33.20%

 

41.19%

Net Gearing

10.14%

 

10.94%

 

14.58%

Repayment Power

203.70%

 

179.36%

 

479.57%

Capital Requirement

100.00 day

 

103.00 day

 

113.00 day

Working Capital Requirement

96.00 day

 

105.00 day

 

122.00 day

Net Cash

4.00 day

 

-3.00 day

 

-10.00 day

 

Performance

Return on Invested Capital

38.00%

 

75.00%

 

6.00%

Return on Equity

3.86%

 

12.19%

 

1.44%

Gross Profit

39.22% Turnover

 

41.54% Turnover

 

43.27% Turnover

Growth v's Year Ago Qtr

-369,117€

 

1,836,125€

 

477,710€

Inventory Returns

-47.00 day

 

10.00 day

 

45.00 day

Receivables Days

33.00 day

 

89.00 day

 

57.00 day

Payable Days

144.00 day

 

136.00 day

 

107.00 day

 

SIG

Profit

0

 

0

 

0

Gross Profit

39.22% Turnover

 

41.54% Turnover

 

43.27% Turnover

Wage and Salary distribution / Gross Profit

83.66% Turnover

 

76.74% Turnover

 

91.58% Turnover

Gross Operating Surplus

4.01% Turnover

 

7.53% Turnover

 

0.86% Turnover

Pre-tax Income

3.14% Turnover

 

6.36% Turnover

 

0.89% Turnover

Net Profit/Loss

1.23%

 

3.52%

 

0.50%

 

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

 

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

01/12/2009

B

Modification et mutation diverse

77 - SEINE-ET-MARNE
GREFFE DU TRIBUNAL DE COMMERCE DE MEAUX
1294 - 418 647 350 RCS Meaux. MODERNE MECANIQUE SAS. Forme : Société par actions simplifiée. Administration : Président de la société : GUSTI Michèle Alfredo Francesco Commissaire aux comptes titulaire : RZ AUDIT Commissaire aux comptes suppléant : GUISSA Mostafa. Capital : 1500000 EUR. Activité : machines industrielles fabrication,commercialisation de machines industrielles et leurs parties et composants. Adresse de l’établissement principal : 13 avenue de la Trentaine, 77500 Chelles. Adresse du siège social : 13 avenue de la Trentaine, 77500 Chelles. Commentaires : Changement de commissaire aux comptes. Date de commencement de l’activité : 23/03/1998. Date d’effet : 23/09/2009.

 

 

16/04/2009

C

Comptes annuels et rapports

77 - SEINE-ET-MARNE
GREFFE DU TRIBUNAL DE COMMERCE DE MEAUX
9362 - 418647350 RCS. MODERNE MECANIQUE SAS. Forme : Société par actions simplifiée. Adresse : 13 avenue de la Trentaine 77500 Chelles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.

 

20/05/2008

C

Comptes annuels et rapports

77 - SEINE-ET-MARNE
GREFFE DU TRIBUNAL DE COMMERCE DE MEAUX
8439 - 418647350 RCS. MODERNE MECANIQUE SAS. Forme : Société par actions simplifiée. Adresse : 13 avenue de la Trentaine 77500 Chelles. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.

 

20/05/2007

C

Avis de dépôt des comptes

7011 - RCS Meaux B 418 647 350. RC 98-B 551. MODERNE MECANIQUE SAS. Forme: SAS . Adresse du siège social: 13, Avenuede la Trentaine,77500 Chelles. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.

 

26/04/2006

C

Avis de dépôt des comptes

4678 - RCS Meaux B 418 647 350. RC 98-B 551. MODERNE MECANIQUE SAS. Forme: SAS . Adresse du siège social: 13, Avenuede la Trentaine,77500 Chelles. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.

 

15/04/2005

C

Avis de dépôt des comptes

4226 - RCS Meaux B 418 647 350. RC 98-B 551. MODERNE MECANIQUE SAS. Forme: SAS . Adresse du siège social: 13, Avenuede la Trentaine,77500 Chelles. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.

 

04/07/2003

B

Modifications et mutations diverses

RCS Meaux B 418647350 RC 98-B 551 MODERNE MECANIQUE S.A.S. Forme : S.A.S. Capital : 1 500 000 euros. Adresse du siège social : 13 avenue de la Trentaine, 77500 Chelles. Administration : président GUSTI (Michèle, Alfrédo, Francesco). Commissaire aux comptes titulaire : ROJZEN (Sylvain). Commissaire aux comptes suppléant : A.N.G. Ancien commissaire aux comptes suppléant : DUMAS (Milne, Edwards) Etablissement principal: Activité : fabrication, commercialisation de machines industrielles, de leurs parties et composants. Adresse : 13 avenue de la Trentaine, 77500 Chelles. Date d'effet : 28 février 2003.

 

03/06/2001

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Meaux B 418647350 RC 98-B 551 MODERNE MECANIQUE SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S. Capital : 9 305 000 F. Adresse : 13 avenue de la Trentaine, 77500 Chelles Nouvelle situation du siège social. Capital : 1 500 000 euros Etablissement principal: Activité : fabrication, commercialisation de machines industrielles, de leurs parties et composants. Adresse : 13 avenue de la Trentaine, 77500 Chelles. Commentaires : augmentation du capital et conversion en euros. Date d'effet : 6 avril 2001.

 

21/06/1998

A_REG

Création d'établissement

RCS Meaux B 418 647 350 A dater du: 6 mai 1998 RC 98-B 00551 MODERNE MECANIQUE SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S. Capital : 9 305 000 F. Adresse du siège social : 13 avenue de la Trentaine 77500 Chelles. Administration : président du conseil d' administration : GUSTI (Michele, Alfredo, Francesco). Commissaire aux comptes titulaire : ROJZEN (Sylvain). Commissaire aux comptes suppléant : DUMAS-MILNE (Edwards) Etablissement principal: Activité : fabrication, commercialisation de machines industrielles, de leurs parties et de leurs composants. Adresse : 13 avenue de la Trentaine 77500 Chelles Etablissement principal acquis par apport partiel d'actif au montant évalué à 9 300 000 F Date de début d' activité: 23 mars 1998. Précédent propriétaire : MODERNE MECANIQUE. RCS Meaux B 572 195 840.

 

 

Company events history

 

Date

Description

01/12/2009

Bodacc B: Various editing or changing

18/11/2009

New auditor

30/09/2009

New accounts available

16/04/2009

Bodacc C : Deposit accounts notice

30/09/2008

New accounts available

20/05/2008

Bodacc C : Deposit accounts notice

30/09/2007

New accounts available

30/09/2006

New accounts available

30/09/2005

New accounts available

30/09/2004

New accounts available

30/09/2003

New accounts available

19/06/2003

PV d'Assemblée

19/06/2003

Nomination/démission des organes de gestion

19/06/2003

Changement de Commissaire aux Comptes

19/06/2003

Acte sous seing privé

17/05/2001

Statuts mis à jour

17/05/2001

Augmentation de Capital

17/05/2001

Acte sous seing privé

17/05/2001

PV d'Assemblée

29/04/1998

Changement de Président (PDG, PCA)

 

 

Establishment events history

 

Date

Description

03/04/2010

Update Rating

24/03/2010

Update Rating

24/03/2010

Update Limit

29/12/2009

Update Rating

30/04/2009

Update Limit

30/04/2009

Update Rating

29/05/2008

Update Limit

16/12/2007

Update Limit

10/12/2007

Update Limit

09/12/2007

Update Limit

14/06/2007

Update Limit

14/06/2007

Update Rating

 

Directors

 

Director

Name

M GUSTI MICHELE ALFREDO FRANCESCO

Manager position

Président

Date of birth

17/10/1948

Place of birth

MILAN (ITALIE)(ITALIE)

Type of manager

Individual

Name at birth of manager

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.73.43

Euro

1

Rs.62.32

 

 

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.