MIRA INFORM REPORT

 

 

Report Date :           

29.10.2011

 

IDENTIFICATION DETAILS

 

Name :

PRODITEC

 

 

Registered Office :

3, Rue Eugene Chevreul, Pessac, 33600

 

 

Country :

France

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

15.10.1987

 

 

Com. Reg. No.:

342874013

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacture of automatic sorting systems using artificial vision technology for use in the following applications: coin blanks, pharmaceutical tablets and bottle caps

 

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

 

Status :

Satisfactory

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

France

a2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Proditec

3, Rue Eugene Chevreul

Pessac, 33600

France

Tel:       +33 05 57 89 17 20

Fax:      +33 05 57 89 10 60

Web:    www.proditec.com

 

 

Synthesis     

 

Employees:                  34

Company Type:            Private Independent

Incorporation Date:         15-Oct-1987    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2006

Reporting Currency:       Euro

Annual Sales:               9.3

Total Assets:                7.7

 

 

Business Description     

 

Design and manufacture of automatic sorting systems using artificial vision technology for use in the following applications: coin blanks, pharmaceutical tablets and bottle caps

 

Industry

Industry            Office Equipment

ANZSIC 2006:    2421 - Computer and Electronic Office Equipment Manufacturing

NACE 2002:      3001 - Manufacture of office machinery

NAICS 2002:     333313 - Office Machinery Manufacturing

UK SIC 2003:    3001 - Manufacture of office machinery

US SIC 1987:    3579 - Office Machines, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Christophe Riboulet

President

Cyrille Chambaz

Director

Jean-Bernard Lagenette

Deputy general manager

Denis Maurin

EDP manager

Mark Williams

Vice President

 

 

Registered No.(FRA): 342874013

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7969794

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7583513

 

 

Corporate Overview

 

Location

3, Rue Eugene Chevreul

Pessac, 33600

France

Tel:       +33 05 57 89 17 20

Fax:      +33 05 57 89 10 60

Web:    www.proditec.com

           

Sales EUR(mil):             7.4

Assets EUR(mil):           5.8

Employees:                   34

Fiscal Year End:            31-Dec-2006

Industry:                        Office Equipment

Incorporation Date:         15-Oct-1987

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(FRA):     342874013

President:                     Christophe Riboulet

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2421     -          Computer and Electronic Office Equipment Manufacturing

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

3001     -          Manufacture of office machinery

 

NAICS 2002 Codes:

333313  -          Office Machinery Manufacturing

333999  -          All Other Miscellaneous General Purpose Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

3579     -          Office Machines, Not Elsewhere Classified

 

UK SIC 2003:

3001     -          Manufacture of office machinery

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

Business Description

Design and manufacture of automatic sorting systems using artificial vision technology for use in the following applications: coin blanks, pharmaceutical tablets and bottle caps

Source: Graham & Whiteside

 

More Business Descriptions

Proditec is primarily engaged in publishing of software; and other software consultancy and supply.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

7.4

Assets:

5.8

Current Assets:

5.2

 

Total Liabilities:

5.8

 

Issued Capital:

1.0

 

Net Worth:

3.5

 

 

 

Date of Financial Data:

31-Dec-2006

 

1 Year Growth

17.8%

NA

 

Subsidiaries

Company

Percentage Owned

Country

Proditec Asia Pte. Ltd.

 

Singapore

 

 

 

 

Key Corporate Relationships

Bank:

Banque Nationale De Paris, Societe Bordelaise De Cic, Credit Commercial Du Sud Ouest

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Christophe Riboulet

 

Président

Chairman

 

Mark Williams

 

Vice Président

Chairman

 

 

Executives

 

Name

Title

Function

 

Christophe Riboulet

 

Président

President

 

Cyrille Chambaz

 

Director

Administration Executive

 

Jean-Bernard Lagenette

 

Deputy general manager

Administration Executive

 

Denis Maurin

 

EDP manager

Information Executive

 

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2006

31-Dec-2005

31-Dec-2004

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.796979

0.804541

0.804907

Consolidated

No

No

No

 

 

 

 

Total income

10.1

8.0

10.8

Net sales

9.3

7.8

10.6

Change in stock

0.2

-

-

Own work capitalised

-

-

0.1

Subsidies for operating costs

0.0

0.0

0.0

Supplementary operating income

0.8

0.3

0.2

Other operating income

0.0

0.0

0.0

Other external charges

2.6

1.9

2.8

Cost of goods sold

3.1

2.8

3.2

Taxes and social security costs

0.1

0.1

0.1

Social charges

0.7

0.7

0.7

Total payroll costs

1.5

1.5

1.6

Cost of stock depreciation and amortisation

0.4

0.3

0.6

Fixed asset depreciation and amortisation

0.4

0.4

0.4

Other operating costs

0.2

0.0

0.2

Total operating costs

9.1

7.7

9.5

Net operating income

1.0

0.3

1.3

Total financial income

0.1

0.1

0.1

Interest payable on loans

0.0

0.0

0.1

Other expenses

0.0

0.1

0.1

Total expenses

0.0

0.1

0.1

Profit before tax

1.0

0.3

1.3

Extraordinary income

0.0

0.1

0.0

Extraordinary expenses

0.0

0.0

0.0

Extraordinary result

0.0

0.1

-

Total taxation

0.3

0.1

0.4

Profit distributed to employees

0.1

0.0

0.1

Net profit

0.6

0.3

0.8

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2006

31-Dec-2005

31-Dec-2004

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.758351

0.847781

0.7357

Consolidated

No

No

No

 

 

 

 

Issued capital

1.3

1.1

1.4

Share premium account

0.0

0.0

0.0

Other reserves

0.8

1.0

1.0

Total reserves

1.8

1.8

1.7

Profits for the year

0.7

0.2

0.8

Total stockholders equity

4.6

4.2

5.0

Provisions and allowances

0.3

0.4

0.4

Trade creditors

1.4

0.9

1.1

Advances received

0.0

-

-

Bank loans and overdrafts

0.1

0.1

0.2

Current bank debts

-

0.0

0.0

Other loans

0.2

-

-

Other liabilities

0.0

0.1

0.0

Income stated in advance

0.5

0.2

0.4

Taxation and social security

0.7

0.6

1.0

Total current liabilities

2.8

1.8

2.8

Total debts

2.8

1.8

2.8

Regularisation account

-

0.0

-

Total liabilities (including net worth)

7.7

6.5

8.2

Patents

0.0

0.0

0.0

Other intangibles

0.5

0.8

1.3

Other fixed assets

0.1

0.1

0.1

Long-term investments

0.0

-

-

Other financial assets

0.1

0.1

0.1

Total non-current assets

0.8

1.0

1.5

Prepayments

0.3

-

0.1

Net stocks and work in progress

1.3

1.3

1.5

Trade debtors

1.6

2.0

2.1

Other receivables

0.1

0.1

0.1

Prepaid expenses

0.0

0.0

0.0

Cash and liquid assets

2.4

0.9

0.2

Marketable securities

1.2

1.2

2.6

Total current assets

6.9

5.5

6.7

Total assets

7.7

6.5

8.2

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2006

31-Dec-2005

31-Dec-2004

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.758351

0.847781

0.7357

Consolidated

No

No

No

 

 

 

 

Current ratio

2.50

3.10

2.40

Quick ratio

2.00

2.40

1.80

Total liabilities to net worth

0.70%

0.55%

0.77%

Net worth to total assets

0.53%

0.52%

0.44%

Collection period

49.10

83.20

54.20

Stock turnover rate

7.50

5.70

7.50

Asset turnover

1.28%

1.15%

1.41%

Profit margin

0.11%

0.04%

0.12%

Return on assets

0.14%

0.05%

0.17%

Shareholders' return

0.27%

0.09%

0.38%

Sales per employee

1,737.49

1,376.86

1,807.10

Profit per employee

189.21

57.50

213.09

Average wage per employee

271.23

271.78

272.82

Net worth

4.6

4.2

5.0

Number of employees

28

30

31

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.