MIRA INFORM REPORT
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Report Date : |
17.09.2011 |
IDENTIFICATION DETAILS
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Name : |
DECATHLON |
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Registered Office : |
4 Boulevard De Mons, Zac La Borne De L'espoir, Villeneuve D Ascq,
59650 |
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Country : |
France |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.01.1977 |
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Com. Reg. No.: |
306138900 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Sale of floor coverings Retail sale of photographic |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Decathlon
4 Boulevard De Mons
Zac La Borne De L'espoir
Villeneuve D Ascq, 59650
France
Tel: +33 03 20 33 50 00
Fax: +33 03 20 33 52 50
Web: www.oxylane.com
Synthesis
Employees: 3,829
Company Type: Public Parent
Corporate Family: 20
Companies
Incorporation Date:
15-Jan-1977
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 4,199.2
Total Assets: 3,155.0
Business Description
Decathlon is
primarily engaged in retail sale of floor coverings; retail sale of
photographic, optical and precision equipment, office supplies and equipment
(including computers); retail sale of jewellery, clocks and watches; retail
sale of sports goods, games and toys, stamps and coins; retail sale in
commercial art galleries; retail sale by opticians; retail sale of mobile
telephones; and other retail sale in specialised stores not elsewhere
classified.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 3712 - Clothing
and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 424320 - Men's and
Boys' Clothing and Furnishings Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
US SIC 1987: 5136 - Men's and
Boy's Clothing and Furnishings
Key Executives
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Name |
Title |
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Yves Claude |
Chairman and Managing Director |
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Hugues Delpire |
Directeur Administratif & Financier |
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Thibault Vandenberghe |
Directeur Informatique |
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Olivier Bonnet |
Commercial director, Purchase manager |
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Patrick Carmagnolle |
Directeur Technique |
News
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Title |
Date |
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Construction
Begins for Solar Decathlon 2011 |
13-Sep-2011 |
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Bosch
Supports U.S. Department of Energy Solar Decathlon 2011 as 19 College Teams
Design, Build, Operate Solar Homes |
13-Sep-2011 |
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FleXHouse
Headed to D.C. for Competition |
13-Sep-2011 |
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Decathlon
Assigned Patent |
13-Sep-2011 |
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Hanwha
Solar of China Makes One of the Biggest Corporate Gifts to the U.S. DOE's
2011 Solar Decathlon |
12-Sep-2011 |
Registered No.(FRA): 306138900
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
4 Boulevard De Mons
Zac La Borne De L'espoir
Villeneuve D Ascq, 59650
France
Tel: +33 03 20 33 50 00
Fax: +33 03 20 33 52 50
Web: www.oxylane.com
Sales EUR(mil): 3,019.5
Assets EUR(mil): 2,199.0
Employees: 3,829
Fiscal Year End: 31-Dec-2009
Industry: Apparel
and Accessories
Incorporation Date: 15-Jan-1977
Company Type: Public
Parent
Quoted Status: Not
Quoted
Registered No.(FRA): 306138900
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3712 - Clothing and Footwear Wholesaling
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
424320 - Men's and Boys' Clothing and Furnishings Merchant
Wholesalers
424330 - Women's, Children's, and Infants' Clothing and Accessories
Merchant Wholesalers
US SIC 1987:
5136 - Men's and Boy's Clothing and Furnishings
5137 - Women's, Children's, and Infants' Clothing and Accessories
UK SIC 2003:
5142 - Wholesale of clothing and footwear
Business
Description
Retail trade in sports and leisure equipment and clothes
More Business
Descriptions
· Decathlon is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.
· Sporting Goods Stores
Brand/Trade Names
· Decathlon
· Cabesto
· Chullanka
· Decapro
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Corporate Family |
Corporate Structure
News: |
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Decathlon |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Villeneuve D Ascq |
France |
Apparel and Accessories |
4,199.2 |
3,829 |
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Subsidiary |
Villeneuve D Ascq |
France |
Retail (Specialty) |
3,666.5 |
14,750 |
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Subsidiary |
San Sebastian De Los Reyes, Madrid |
Spain |
Retail (Specialty) |
1,526.5 |
10,955 |
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Subsidiary |
Milano, MI |
Italy |
Recreational Products |
1,044.6 |
4,951 |
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Subsidiary |
Antwerpen |
Belgium |
Retail (Specialty) |
274.0 |
1,443 |
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SPDAD -
Sociedade Portuguesa de Produção e Distribuição de Artigos de Desporto
Lda |
Subsidiary |
Amadora |
Portugal |
Retail (Specialty) |
302.3 |
845 |
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Subsidiary |
Villeneuve D Ascq |
France |
Apparel and Accessories |
1,105.0 |
97 |
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Subsidiary |
Bron |
France |
Retail (Specialty) |
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74 |
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Subsidiary |
Aubagne |
France |
Retail (Specialty) |
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74 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Textiles - Non Apparel |
143.3 |
49 |
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Subsidiary |
Villeneuve D Ascq |
France |
Recreational Products |
10.5 |
34 |
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Subsidiary |
Plochingen, Baden-Württemberg |
Germany |
Recreational Products |
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22 |
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Subsidiary |
Plochingen, Baden-Württemberg |
Germany |
Recreational Products |
142.8 |
700 |
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Subsidiary |
Plochingen, Baden-Württemberg |
Germany |
Construction Services |
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2 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Business Services |
11.4 |
1 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Business Services |
3.0 |
1 |
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Subsidiary |
Villeneuve D Ascq |
France |
Business Services |
5.9 |
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Subsidiary |
Velizy Villacoublay |
France |
Retail (Specialty) |
9.1 |
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Subsidiary |
Velizy Villacoublay |
France |
Retail (Specialty) |
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Subsidiary |
Bron |
France |
Retail (Specialty) |
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Executive report
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Board of Directors |
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Chairman and Managing Director |
Chairman |
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Chairman |
Chairman |
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Executives |
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General Manager |
Division Head Executive |
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Chairman and Managing Director |
Managing Director |
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Directeur Administratif & Financier |
Administration Executive |
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Directeur-Communications |
Corporate Communications Executive |
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Communications Manager |
Corporate Communications Executive |
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Directeur Informatique |
Information Executive |
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Directeur Technique |
Engineering/Technical Executive |
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Commercial director, Purchase manager |
Commercial Executive |
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Directeur-Production ( Marque ) |
Manufacturing Executive |
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Directeur-Qualite |
Quality Executive |
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Press clippings
PR Newswire US: 13
September 2011
[What follows is
the full text of the news story.]
FARMINGTON HILLS, Mich.,
Sept. 13, 2011 /PRNewswire/ -- Bosch is donating a variety of energy-efficient
and sustainable products - totaling $115,000 - to 12 college teams
participating in the U.S. Department of Energy Solar Decathlon 2011, to be held
Sept. 23 through Oct. 2, in Washington, D.C. The competition is comprised of 19
teams that design, build and operate solar-powered homes that are cost
effective, energy-efficient and attractive.
Donations from
Bosch Home Appliances, Power Tools, Solar Energy and Thermotechnology are being
given to the teams to help them showcase their best ideas. The Solar Decathlon,
which is free and open to the public, will take place on the National Mall's
West Potomac Park in Washington, D.C. �
"As a leading
technology and services company, Bosch is excited to support 12 teams and be a
sponsor of the U.S. Department of Energy Solar Decathlon 2011 as we
collectively strive to advance efficient, renewable energy products for home
use," said Peter Marks, chairman, president and CEO, Robert Bosch LLC and
member of the Bosch Board of Management. "The Solar Decathlon not only
challenges the students to innovate, it also reaches out to the public,
inviting them to tour the prototype homes, and encourages all of us to consider
how energy-saving technologies can be applied in our own lives." �
"Bosch has a
long history dedicated to sustainability and we remain focused on providing
safe, clean and efficient products that help protect the environment, conserve
resources, and reduce emissions and our dependence on fossil fuels."
An international,
award-winning program, the Solar Decathlon will honor the team that best blends
affordability, consumer appeal, and design excellence with optimal energy
production and maximum efficiency.
Participating teams
and sponsors educate the public on cost-saving opportunities by using
clean-energy products and ensure that homes combining energy-efficient
construction and appliances with renewable energy systems are available today.
From the Bosch Power
Tools used to construct a house frame, to the ENERGY STAR�-rated Bosch Home
Appliances, to the sustainable technologies, such as the Bosch Compress 3000
Heat Pump Electric Residential Water Heater, these products will help provide
years of comfort to the home's occupants. Bosch products deliver energy
conservation solutions for nearly every facet of residential living. The
following teams are partnering with Bosch to use select products in the design
or build of their model home:
· Team Florida (Flex House)
· The University of South Florida, Florida State University, the University of Central Florida and the University of Florida
· Florida International University (Perform[D]ance)
· Florida International University
· Illinois (Re_home)
· University of Illinois at Urbana-Champaign
· Maryland (Watershed)
· University of Maryland
· Team Massachusetts (4 D Home)
· Massachusetts College of Art and Design and the University of Massachusetts at Lowell
· Middlebury College (Self Reliance)
· Middlebury College
· New Zealand (Meridian First Light House)
· Victoria University of Wellington, New Zealand
· Ohio State (enCore)
· The Ohio State University
· Parsons NS Stevens (Empowerhouse)
· Parsons the New School for Design and Stevens Institute of Technology
· SCI-Arc/Caltech (CHIP)
· The Southern California Institute of Architecture and California Institute of Technology
· Tennessee (Living Light)
· University of Tennessee
· Tidewater Virginia (Unit Six Unplugged)
· Old Dominion University and Hampton University
Using Bosch solar,
thermotechnology and high-quality household appliances, the team-built homes
can produce more energy than consumed, offering resourceful and affordable
living. �
As a leading
provider of photovoltaic products, Bosch designs state-of-the-art solar modules
that reduce production costs while delivering optimal performance. Transforming
solar energy into electricity, Bosch's photovoltaic products, such as
monocrystalline and polycrystalline silicon solar cells, meet the needs of both
residential and commercial customers, reducing the use of fossil fuels and
helping stem climate change.
Bosch
Thermotechnology provides the latest generation of high-quality products that
reduce emissions, including heat pump water heaters and tankless water heaters.
In addition, Bosch
provides innovative solutions for today's modern home with its sustainable home
appliances, and is the only U.S. manufacturer with entire product lines of
ENERGY STAR� qualified dishwashers, washers and refrigerators. �Products
such as Bosch's Induction Cooktop with SteelTouch� Control and AutoChef�
800 Series heats food more than 50 percent faster than conventional cooktops
and reduces energy consumption by up to 60 percent as compared to gas cooktops.
�
Bosch power tools
and accessories, such as the 18V Lithium-ion Impact Drill/Driver and Dual Bevel
Glide Miter Saw, operate with strength and speed, as well as increase user
efficiency and precision, helping teams improve their building experience by
decreasing project time and increasing versatility. �Bosch's lithium-ion
batteries are capable of delivering four times longer life as compared to
similar technologies on the market.
"The Solar
Decathlon depends on the valuable support of our many sponsors," said
Richard King, director of the U.S. Department of Energy Solar Decathlon 2011.
"Our sponsors play an integral role in ensuring that the competition
provides a rich learning experience for the student decathletes, while we
effectively educate the public about the economical opportunities and
environmental benefits presented by clean energy products and design
solutions."
About Bosch
In the U.S.,
Canada and Mexico, the Bosch Group manufactures and markets automotive original
equipment and aftermarket products, industrial drives and control technology,
power tools, security and communication systems, packaging technology,
thermotechnology, household appliances, solar energy, healthcare telemedicine
and software innovations. Having established a regional presence in 1906, Bosch
employs over 22,000 associates in more than 100 locations, with reported sales
of $8.8 billion in fiscal 2010. �For more information, visit www.boschusa.com .
The Bosch Group is
a leading global supplier of technology and services. In the areas of
automotive and industrial technology, consumer goods, and building technology,
some 285,000 associates generated sales of 47.3 billion euros ($62.7 billion)
in fiscal 2010. The Bosch Group comprises Robert Bosch GmbH and its more than
350 subsidiaries and regional companies in over 60 countries. If its sales and
service partners are included, then Bosch is represented in roughly 150
countries. This worldwide development, manufacturing, and sales network is the
foundation for further growth. Bosch spent 3.8 billion euros (approximately $5
billion) for research and development in 2010, and applied for over 3,800
patents worldwide. With all its products and services, Bosch enhances the
quality of life by providing solutions which are both innovative and
beneficial. �Bosch is celebrating its 125th anniversary in 2011.
�Additional information can be accessed at www.bosch.com,
www.bosch-press.com, and www.125.bosch.com.
About the U.S. Department of Energy Solar Decathlon
2011
The U.S. Department
of Energy Solar Decathlon is an award-winning program that challenges
collegiate teams to design, build, and operate solar-powered houses that are
cost-effective, energy-efficient, and attractive. The winner of the competition
is the team that best blends affordability, consumer appeal, and design
excellence with optimal energy production and maximum efficiency.
The first Solar
Decathlon was held in 2002; the competition has since occurred biennially in
2005, 2007, and 2009. The next event will take place at the National Mall's
West Potomac Park in Washington, D.C., near the Franklin Delano Roosevelt and
Martin Luther King Jr. memorials. Open to the public free of charge from
September 23 through October 2, 2011, the Solar Decathlon enables visitors to
tour the houses, gather ideas to use in their own homes, and learn how
energy-saving features can help them save money today. The public can learn
more at www.solardecathlon.gov.
Decathlon Assigned Patent
U.S. Fed News: 13 September 2011
[What follows is the full text of the news story.]
By US Fed News
ALEXANDRIA, Va.,
Sept. 13 -- Decathlon, Villeneuve d'Ascq, France, has been assigned a patent
(8,011,222) developed by Laurent Wiber, Flines-lez-Raches, France, for an
impact detection device.
The abstract of
the patent published by the U.S. Patent and Trademark Office states: "An
impact detection device, as well as a system that includes such a device for
simulation of a combat sport, or more generally for use in a sport in which the
user creates an impact by striking an adversary or an object. This device
includes a sensor that detects an impact and its intensity, which is mounted on
a printed circuit, together with an indicator that activates when the detector
detects an impact and/or in order to indicate to a user that the user must
generate an impact. The indicator is imbedded in a protective covering so that
it is located near the surface of its embedding material. The indicating means
are mounted directly on the printed circuit, so that the embedding material
also covers the printed circuit and the sensor."
The patent
application was filed on Dec. 30, 2008 (12/345,712). The full-text of the
patent can be found at http://patft.uspto.gov/netacgi/nph
Written by Arpi
Sharma; edited by Jaya Anand.
AS0913JA0913-631775
FleXHouse Headed
to D.C. for Competition
Targeted News
Service: 13 September 2011
[What follows is the full text of the news story.]
TAMPA, Fla., Sept.
13 -- The University of South Florida issued the following news release:
The University of
South Florida has partnered with the University of Florida, University of
Central Florida and Florida State University to participate in an international
competition focused on energy efficiency and innovation.
Called Team
Florida, the four schools worked together to create FLeX House -- a
sustainable, stand-alone, portable, self-sufficient home meant for a couple or
a small family. ??The team will leave for Washington, D.C.Sept. 14 to
participate in the U.S. Department of Energy Solar Decathlon - a world-wide
competition.
The design of the
house is specific to Florida's hot and humid climate. Borrowing from the
Florida Cracker houses built near the turn of the 20th century, the home has an
umbrella-like structure that prevents heat from becoming trapped within the
structure. The classic architecture is juxtaposed with solar panels that
provide the electricity - allowing the house to essentially power itself.
USF School of
Architecture and Community Design Professor Stanley Russell said participating
in Team Florida aligns well with USF's personal goals.
"USF is
promoting itself as a green campus and a university interested in renewable
energy and sustainability," said Stanley Russell, USF School of
Architecture and Community Design professor. "So this is perfect for our
image."
Houses from all
teams will be on display from Sept. 23 to Oct. 2. After the competition, FLeX
House will travel back to Florida and become the Zero Energy House Learning Center,
where it will raise awareness about sustainability and climatically responsible
homes.
For more
information or to track FLeX House's progress, go to flexhouse.org or check out
the project on Facebook.
TNS
MJ88-110914-3580573 StaffFurigay
Hanwha Solar of
China Makes One of the Biggest Corporate Gifts to the U.S. DOE's 2011 Solar
Decathlon
Business Wire: 12
September 2011
[What follows is
the full text of the news story.]
SCI-Arc Secured this Transformative Gift for the SCI-Arc/Caltech Solar
Decathlon Project
LOS
ANGELES--(BUSINESS WIRE)-- The Southern California Institute of Architecture
(SCI-Arc) announced today that China-based Hanwha SolarOne Co., Ltd. (Hanwha
Solar) made a $350,000 cash gift to the SCI-Arc/Caltech entry to the U.S.
Department of Energy�s (U.S. DOE) 2011 Solar Decathlon. This is one of the
largest cash sponsorships ever received by a U.S. DOE Solar Decathlon team and
the largest corporate sponsorship ever received by SCI-Arc. Hanwha Solar also
is providing the solar modules needed to power the SCI-Arc/Caltech team solar
home, which is now called the SCI-Arc/Caltech Hanwha Solar CHIP House.
SCI-Arc/Caltech
Hanwha Solar CHIP House entry in the 2011 Solar Decathlon competition organized
by the U.S. Department of Energy in Washington, D.C.Sept 23-Oct 2, 2011.
(Photo: Business Wire)
The U.S. DOE Solar
Decathlon is an award-winning juried competition that invites university-led
teams to design, build and operate solar powered houses that are affordable,
energy efficient, and well designed.�The Decathlon examines new housing
typologies, alternative energy sources, and re-imagined technical and material
possibilities,� stated SCI-Arc Director Eric Owen Moss. �The subject matter
is international, so it�s essential that the global discussion has global
financial support.SCI-Arc welcomes the interest, commitment, and financial
support of Hanwha Solar,� added Moss.
The
SCI-Arc/Caltech Hanwha Solar CHIP House was built on the SCI-Arc Campus in Los
Angeles and shipped on five large trucks to Washington, D.C., where it will be
re-assembled in the weeks preceding the Decathlon. It will be on display on the
National Mall from September 23 to October 2, 2011, along with 18 other
solar-powered houses designed by student teams from around the world. Every
house in the competition is required to be net-zero � that is, to use only as
much energy as its solar panels can generate.
�We are
delighted to be partnering with Hanwha Solar on this important solar project
that opens the door to a sustainable future,� noted Harry Atwater, Director
of Caltech�s Resnick Sustainability Institute and Howard Hughes Professor of
Applied Physics and Materials Science.
�We are excited
about the partnership between the SCI-Arc/Caltech team and Hanwha Solar,�
noted the team�s Project Manager Elisabeth Neigert.�Their generous
contribution as our primary sponsor has been transformative to the team in
allowing us to complete the project as envisioned.�
The
SCI-Arc/Caltech Solar Decathlon team is the first from Southern California
selected for the competition, which is held every other year.
Take a VIDEO
WALKTHROUGH of the SCI-Arc/Caltech Hanwha Solar CHIP House.
About Hanwha Group/Hanwha Solar
Traded on the NASDAQ
(HSOL) and serving the world�s key solar markets, Hanwha Group�s Hanwha
Solar is a leading global provider of solar products. The company�s products
and services extend to utility, commercial, government, and residential solar
applications. Hanwha SolarOne�s North American Headquarters are located in
Costa Mesa, CA.www.hanwhasolar.com
About SCI-Arc
Ranked second in
design and computer applications in the 2011 America�s Best Architecture
Schools survey from Design Intelligence, the Southern California Institute of
Architecture (SCI-Arc) is an independent, accredited degree-granting
institution offering undergraduate and graduate programs in architecture and
new design technologies. www.sciarc.edu
About Caltech
Founded in 1981,
the California Institute of Technology (Caltech) is a private research
university located in Pasadena, California, ranked as one of the best
engineering schools internationally. Academic home of NASA�s Jet Propulsion
Laboratory, Caltech is blazing forward into future in the fields of science and
engineering. www.caltech.edu
Photos/Multimedia�Gallery
Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6856886&lang=en
· Southern California Institute of Architecture (SCI-Arc)
· Elisabeth Neigert, 758-393-5470
· elisabeth_neigert@sciarc.edu
· Georgiana Ceausu, 213-356-5336
BRIEF: Dealership
helps out Inderkum fundraiser
Sacramento Bee
(CA): 11 September 2011
[What follows is
the full text of the news story.]
Sept.
11--Sacramento's Downtown Ford is partnering with Inderkum High today in a
fundraiser for the school's Academic Decathlon team.
As part of Ford
Motor Co.'s long-running "Drive One 4UR School" program, the local Ford
dealership will bring a fleet of new cars to the school at 2500 New Market
Drive in Natomas.
Ford will donate
$20 for every test drive/demonstration between 9 a.m. and 3 p.m.
Call The Bee'sMark
Glover, (916) 321-1184.
-- Read more articles
by Mark Glover
(c)2011 The
Sacramento Bee (Sacramento, Calif.)
Visit The
Sacramento Bee (Sacramento, Calif.) at www.sacbee.com
Dow Solar Supports
Sustainable Design Innovations through Sponsorships at the 2011 U.S. Department
of Energy Solar Decathlon
Business Wire: 07
September 2011
[What follows is
the full text of the news story.]
Support Includes
Event Sponsorship and Donations to Two Student Designed Houses
MIDLAND,
Mich.--(BUSINESS WIRE)-- Dow Solar, a business unit of The Dow Chemical Company
(NYSE: DOW), today announced its sponsorship of the 2011 U.S. Department of
EnergySolar Decathlon in support of driving design innovations that encourage
energy saving building practices and the adoption of residential solar usage.
The award-winning
Department of Energy (DOE) Solar Decathlon program challenges 20 collegiate
teams to design and build energy-efficient houses that are powered exclusively
by the sun. The contest provides participating students with unique training
� including the use of their science, technology, engineering and mathematics
(STEM) disciplines - that prepares them to enter our nation�s clean energy
workforce. The winner of the competition is the team that best blends
affordability, consumer appeal, and design excellence with optimal energy
production and maximum efficiency.
�This is a
perfect forum to bring tomorrow�s designers and engineers together with the
general public, U.S. law makers and building and energy advocacy groups to
foster new ideas and ultimately transform the way we all think about
residential building design,� said Jane Palmieri, Dow Solar vice president.
�Bringing these important players together on this global stage is a great
way to create change, which supports Dow�s commitment to foster sustainable
innovations and help homeowners address the high cost of energy with solutions
that are available today.�
Dow Solar is
partnering with the Department of Energy to sponsor the Victory Reception,
which gathers students, faculty, volunteers and staff to celebrate the team
accomplishments and present the People�s Choice Award. Dow Solar is also
partnering with SEIA (Solar Energy Industry Association) to host the
Congressional Open House where US congressional representatives and staff members
tour the homes and meet with the students and faculty.
Dow Solar is also
supporting two collegiate teams: the Southern California Institute of
Architecture and California Institute of Technology�s CHIP Team, and the
Parsons New School for Design and Stevens Institute of Technology�s
Empowerhouse Team � who is donating the home to Habitat for Humanity at the
conclusion of the Decathlon. The teams are being supported with financial
contributions as well as providing energy efficient building materials from
Dow�s Building Solutions� portfolio of insulation products.
�The Solar
Decathlon depends on the valuable support of our many sponsors,� said Richard
King, director of the U.S. Department of Energy Solar Decathlon. �Our sponsors
play an integral role in ensuring that the Solar Decathlon provides a rich
learning experience for the student decathletes and that we effectively educate
the public about the money-saving opportunities and environmental benefits
presented by clean energy products and design solutions.�
This year�s
Solar Decathlon will take place on the National Mall�s West Potomac Park in
Washington, D.C. Open to the public free of charge from September 23 through
October 2, 2011, the Solar Decathlon enables visitors to tour the houses,
gather ideas to use in their own homes, and learn how energy-saving features
can help them save money today.
Dow already makes
it easier to save energy at home, including new solutions such as the DOW
POWERHOUSE � Solar Shingles, launching later this year. These shingles
combine solar capabilities with a roofing material, enabling homeowners to use
their roof to harness the power of the sun to power a home. The POWERHOUSE�
Solar Shingles are made in the U.S.A., and a large scale production facility
under construction in Michigan is expected to create 1275 advanced
manufacturing jobs over the next five years.
The DOE�s 2011
Solar Decathlon aligns with Dow�s commitment and vision articulated in its
ambitious�2015 sustainability goals, which include developing and applying
ideas and collaborations that further sustainability.
For more
information on the Department of Energy Solar Decathlon, please visit
http://www.solardecathlon.gov/, and for more information on Dow Solar please
visit http://www.dowsolar.com/.
About Dow�
Dow (NYSE: Dow)
combines the power of science and technology with the "Human Element"
to passionately innovate what is essential to human progress. The Company
connects chemistry and innovation with the principles of sustainability to help
address many of the world's most challenging problems such as the need for
clean water, renewable energy generation and conservation, and increasing
agricultural productivity. Dow's diversified industry-leading portfolio of
specialty chemical, advanced materials, agrosciences and plastics businesses
delivers a broad range of technology-based products and solutions to customers
in approximately 160�countries and in high growth sectors such as
electronics, water, energy, coatings and agriculture. In 2010, Dow had annual
sales of $53.7�billion and employed approximately 50,000�people worldwide.
The Company's more than 5,000 products are manufactured at 188�sites in
35�countries across the globe. References to "Dow" or the
"Company" mean The Dow Chemical Company and its consolidated
subsidiaries unless otherwise expressly noted. More information about Dow can
be found at www.dow.com.
About Dow POWERHOUSEï
In 2007, Dow
received a $20 million grant from the U.S. Department of Energy as part of its
Solar America Initiative to develop "building integrated" solar
arrays for the residential and commercial markets. In October 2009, Dow Solar
unveiled the DOW� POWERHOUSE� Solar Shingle as the first in a portfolio of
building related solar energy generating products. Since its introduction, the
Solar Shingle has been hailed as revolutionary, including being named one of
the "50 Best Inventions of 2009" by TIME magazine.
The innovative
product design provides an unprecedented integrated roof appearance and
simplified installation. It combines a roofing shingle with a solar cell,
enabling the DOW� POWERHOUSE� Solar Shingle to be installed by a roofer
along with standard asphalt roofing materials. This makes the DOW�
POWERHOUSE� Solar Shingle an easy choice for homeowners looking for a
residential solar solution that is easy to install and aesthetically pleasing.
Building Integrated Photovoltaic (BIPV) products from Dow Solar are evidence
that Dow is focused on developing energy alternatives and expanding Dow's
commitment to use chemistry to solve the world's energy challenges. More
information about Dow Solar can be found at www.dowsolar.com.
�TM Trademark of
The Dow Chemical Company (�Dow�) or an affiliated company of Dow
For editorial information:
Kate Nigro
The Dow Chemical
Company
+1 989 638-9629
knigro@dow.com
Kay Brungs
GolinHarris
+1 312 729-4047
M.C. Dean, Inc. to
Sponsor U.S. Department of Energy Solar Decathlon 2011
Business Wire: 06
September 2011
[What follows is
the full text of the news story.]
Engineering Excellence in Connecting the Solar Village Micro-Grid
DULLES,
Va.--(BUSINESS WIRE)-- M.C. Dean, Inc., the nation�s leading engineering and
technology firm for mission critical systems and facilities, has announced its
sponsorship in the U.S. Department of Energy Solar Decathlon 2011.
The Solar
Decathlon, which will be held at the National Mall�s West Potomac Park in
Washington, D.C., from Sept. 23 to Oct. 2, is an award-winning program that
challenges 20 collegiate teams to design, build, and operate solar-powered
houses that are cost-effective, energy-efficient and visually appealing. The
winner of the competition is the team that best blends affordability, consumer
appeal and design excellence with optimal energy production and maximum
efficiency.
As a sustaining
sponsor, M.C. Dean is supporting many aspects of the event, including design of
the grid-connected solar power system and installation, operation and
monitoring services. They will also deliver reliable service to the teams,
sponsors, attendees, Department of Energy, and others involved in the
competition.
�The Solar
Decathlon�s goal of educating the next generation of architects and engineers
falls hand in hand with M.C. Dean�s objective of providing experts in our
industry,� said Bill Dean, president and CEO of M.C. Dean. �This event
supports students who are dedicated to clean-energy development and innovation
while educating the public about today�s technology solutions.�
The Solar
Decathlon has grown into one of the most highly anticipated global design
competitions ever held. Thousands of people visit the event each day to see
practical housing solutions developed by college students nationwide. Sponsors
support the U.S. Department of Energy Solar Decathlon through in-kind
contributions that enable event organizers to hold a safe and successful event.
�The Solar
Decathlon depends on the valuable support of our many sponsors,� said Richard
King, director of the U.S. Department of Energy Solar Decathlon. �Our
sponsors play an integral role in ensuring that the Solar Decathlon provides a
rich learning experience for the student decathletes and that we effectively
educate the public about the money-saving opportunities and environmental
benefits presented by clean energy products and design solutions.�
The Solar
Decathlon, which is free and open to the public, will enable visitors to tour
the houses, gather ideas to use in their own homes, and learn how energy-saving
features can help them save money today.
About M.C. Dean, Inc.
M.C. Dean, Inc. is
an engineering and technology service firm for mission-critical systems and
facilities. Founded in 1949, M.C. Dean has set the industry standard for
design-build-maintain projects in mission-critical electrical infrastructure,
telecommunications, instrumentation and control, and security and electronic
systems. Headquartered in Dulles, Va, M.C. Dean employs more than 3,500
professionals in 30 offices worldwide. For more information, see www.mcdean.com
M.C. Dean
Mike McHenry,
703-802-6231 x1214
Vice President
or
PAN Communications
Andy Baron, 617-502-4328
Builder trains for
Solar Decathlon
Concord Monitor:
05 September 2011
[What follows is
the full text of the news story.]
A Pembroke modular
home builder is taking its energy efficient homes on the road. Epoch Homes, in
collaboration with the Massachusetts College of Art and Design Department of
Architecture and the University of Massachusetts at Lowell, will compete as
Team Massachusetts in the Solar Decathlon 4D Home completion.
The Solar
Decathlon, sponsored by the U.S. Department of Energy, is a competition to come
up with a home that is the best combination of energy-efficient construction,
comfort and affordability. Twenty teams from around the world will assemble
their houses on the National Mall in Washington, D.C., between Sept. 23 and
Oct. 2.
The goal, said
Epoch CEO John Ela, is to design and build a home that not only uses no energy
but also gives back to the grid. To do that, the sun will power the
1,000-square-foot home. The house will also be outfitted with super-insulated
walls and windows, Ela said, making it virtually air-tight. Another unique
feature of the house is the flexible floor plan with movable interior walls, he
said. This feature allows the home to grow and change with the family.
Ela said the team finished the house in about three weeks. When the
competition is over, the home will go to a family in Maine.
Dow Solar Sponsors
Sustainable Design Innovations at the 2011 U.S. Department of Energy Solar
Decathlon
Manufacturing
Close-Up
12 September 2011
[What follows is
the full text of the article.]
Dow Solar, a
business unit of The Dow Chemical Company, has announced its sponsorship of the
2011 U.S. Department of Energy Solar Decathlon in support of driving design
advancements that encourage energy saving building practices and the adoption
of residential solar usage.
According to a
release, the Department of Energy (DOE) Solar Decathlon program challenges 20
collegiate teams to design and build energy-efficient houses that are powered
exclusively by the sun. The contest provides participating students with
training - including the use of their science, technology, engineering and
mathematics (STEM) disciplines - that prepares them to enter the nation's clean
energy workforce. The winner of the competition is the team that best blends
affordability, consumer appeal, and design excellence with optimal energy
production and maximum efficiency.
"This is a perfect
forum to bring tomorrow's designers and engineers together with the general
public, U.S. law makers and building and energy advocacy groups to foster new
ideas and ultimately transform the way we all think about residential building
design," said Jane Palmieri, Dow Solar VP. "Bringing these important
players together on this global stage is a great way to create change, which
supports Dow's commitment to foster sustainable innovations and help homeowners
address the high cost of energy with solutions that are available today."
Dow Solar noted
that it is partnering with the Department of Energy to sponsor the Victory
Reception, which gathers students, faculty, volunteers and staff to celebrate
the team accomplishments and present the People's Choice Award. Dow Solar is
also partnering with SEIA (Solar Energy Industry Association) to host the
Congressional Open House where US congressional representatives and staff
members tour the homes and meet with the students and faculty.
The Company said
that it is also supporting two collegiate teams: the Southern California
Institute of Architecture and California Institute of Technology's CHIP Team,
and the Parsons New School for Design and Stevens Institute of Technology's
Empowerhouse Team - who is donating the home to Habitat for Humanity at the
conclusion of the Decathlon. The teams are being supported with financial
contributions as well as providing energy efficient building materials from
Dow's Building Solutions' portfolio of insulation products.
"The Solar
Decathlon depends on the valuable support of our many sponsors," said
Richard King, director of the U.S. Department of Energy Solar Decathlon.
"Our sponsors play an integral role in ensuring that the Solar Decathlon
provides a rich learning experience for the student decathletes and that we
effectively educate the public about the money-saving opportunities and
environmental benefits presented by clean energy products and design
solutions."
Dow noted that
this year's Solar Decathlon will take place on the National Mall's West Potomac
Park in Washington, D.C. Open to the public free of charge from Sept. 23
through Oct. 2, the Solar Decathlon enables visitors to tour the houses, gather
ideas to use in their own homes, and learn how energy-saving features can help
them save money.
The DOE's 2011
Solar Decathlon aligns with Dow's commitment and vision articulated in its
ambitious 2015 sustainability goals, which include developing and applying
ideas and collaborations that further sustainability.
Dow connects
chemistry and innovation with the principles of sustainability to help address
many of the world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing agricultural
productivity.
Dow received a $20
million grant from the U.S. Department of Energy as part of its Solar America
Initiative to develop "building integrated" solar arrays for the
residential and commercial markets. Dow Solar unveiled the Dow Powerhouse Solar
Shingle as the first in a portfolio of building related solar energy generating
products.
More Information:
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Related Companies
Department of Energy
Dow Chemical Co [profile]
M.C. Dean to
Sponsor U.S. Department of Energy Solar Decathlon 2011
Wireless News
09 September 2011
[What follows is
the full text of the article.]
M.C. Dean, an
engineering and technology firm for mission critical systems and facilities,
has announced its sponsorship in the U.S. Department of Energy Solar Decathlon
2011.
According to event
organizers, the Solar Decathlon, which will be held at the National Mall's West
Potomac Park in Washington, D.C., from September 23 to October 2, is a program
that challenges 20 collegiate teams to design, build, and operate solar-powered
houses that are energy-efficient and visually appealing. The winner of the
competition is the team that best blends affordability, consumer appeal and
design excellence with optimal energy production and maximum efficiency.
As a sustaining
sponsor, M.C. Dean is supporting many aspects of the event, including design of
the grid-connected solar power system and installation, operation and
monitoring services. They will also deliver services to the teams, sponsors,
attendees, Department of Energy, and others involved in the competition.
"The Solar
Decathlon's goal of educating the next generation of architects and engineers
falls hand in hand with M.C. Dean's objective of providing experts in our
industry," said Bill Dean, president and CEO of M.C. Dean. "This
event supports students who are dedicated to clean-energy development while
educating the public about today's technology solutions."
"The Solar
Decathlon depends on the valuable support of our many sponsors," said
Richard King, director of the U.S. Department of Energy Solar Decathlon.
"Our sponsors play an integral role in ensuring that the Solar Decathlon
provides a rich learning experience for the student decathletes and that we
effectively educate the public about the money-saving opportunities and
environmental benefits presented by clean energy products and design
solutions."
The Solar Decathlon, which is free and open to the public, will enable
visitors to tour the houses, gather ideas to use in their own homes, and learn
how energy-saving features can help them save money.
More Information:
http://www.mcdean.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Close-Up Media,
Inc.
Related Companies
Department of Energy
DECATHLON PLANS
EXPANSION
Manchester Evening
News (Manchester, United Kingdom)
01 September 2011
[What follows is
the full text of the article.]
SPORTS and leisure
chain Decathlon is focusing on Greater Manchester for expansion as it looks to
open 10 UK outlets a year.
French-owned
Decathlon has a branch in Stockport and is to open a store at Warrington's
PS30m Orford Park project by the end of the year, creating up to 100 jobs.
Decathlon
currently operates nine stores in the UK and aims to take its portfolio to over
100 within a decade.
Steve Dykes, the
chain's UK chief executive, who hails from Wigan, said Decathlon was eyeing
sites around north Manchester as part of its growth plans as well as other
parts of the region.
Mr Dykes, who was
on the verge of Wigan Athletic's first team when his soccer career was cut
short through injury at the age of 18, said: "The UK has massive potential
and the north west is a key expansion market for us."
Decathlon
currently employs nearly 1,000 people in the UK, where it generates revenues of
around PS100m a year. The Orford Park store will initially occupy three acres
of a 50-acre regeneration scheme but could be doubled in size eventually.
A full interview
with Steve Dykes appears in the latest edition of our sister magazine Greater
Manchester Business Week.
MGN Ltd.
Related Geographies
Europe
United Kingdom
Saint-Gobain
Donates Products and Building Knowledge to Help Team Massachusetts Win the U.S.
Department of Energy Solar Decathlon 2011
Professional
Services Close-Up
30 August 2011
[What follows is
the full text of the article.]
Saint-Gobain, a
building materials company, has announced its support of the 2011 Solar
Decathlon team from Massachusetts College of Art and Design and University of
Massachusetts Lowell.
Known as Team
Massachusetts, the Company said that the students will compete for the first
time in The U.S. Department of Energy Solar Decathlon, a biennial event that
challenges collegiate teams from around the world to design, build, and operate
solar-powered houses that are energy-efficient, and attractive.
According to a
release, as a lead sponsor, Saint-Gobain has donated a mix of more than 30
building products, from its key subsidiary CertainTeed Corp., North America's
manufacturer of exterior and interior building products, as well as from its other
businesses: Saint-Gobain Abrasives, Saint-Gobain ADFORS, Saint-Gobain
Performance Plastics, and Norandex. In addition to product support, the company
offered building science expertise to assist Team Massachusetts in constructing
a house that adjusts to a homeowner's shifting needs, environment, and economic
state.
"We are
inspired by Team Massachusetts' efforts and share its vision that we should
collectively seek to expect more from our buildings making them more efficient,
durable, sustainable and healthy," said Gilles Colas, President and CEO of
Saint-Gobain Corp. "We embrace the opportunity to help advance the team's
goals of building a super-efficient home of the future by providing them with a
wide range of innovative products available today from the Saint-Gobain family
of companies."
As Team
Massachusetts set out to build an ultra-efficient house that could effectively
compete against some of the best student teams from across the globe, the team
recognized Saint-Gobain and its family of companies could help enhance its
efficiency goals.
"We are
grateful to Saint-Gobain and CertainTeed for their generous support including
products and expertise," said Spencer Culhane, an architecture student at
Massachusetts College of Art and Design and the project manager for Team
Massachusetts. "In identifying and selecting our lead sponsors, it was
critical that our partners share in our belief that efficient technology and
passive strategies are in fact attainable when building a home today, and we
found this with Saint-Gobain and CertainTeed."
Saint Gobain noted
that products selected to help Team Massachusetts achieve its energy
efficiency, sustainability and affordability goals include:
CertaSpray Foam
Insulation from CertainTeed is sprayed into a building cavity and expands to
fill openings that may potentially leak air. The foam insulation provides an
effective seal, which lowers energy loss and bolsters indoor air quality.
In the case of the
4D Home, CertainTeed recommended that Team Massachusetts implement a hybrid
insulation system that combines four inches of CertaSpray Foam on the backside
of the home's sheathing with CertainTeed's OPTIMA Fiberglass Insulation filling
the remainder of the cavity. This approach delivers an R-value that is almost
equivalent to a passive house at a significant cost savings compared to a
foam-only approach.
In addition, the
Company noted that a number of products used inside the 4D Home are helping to
enhance the indoor environment quality (IEQ), including:
CertainTeed Fiber
Cement Backer Board retains the rigidity of cement, but its fiber components
make the board much lighter than traditional all cement backer board. The
board's dense, non-porous surface make it ideal for moisture resistance, and it
is also made of 40 percent post-consumer recycled content.
CertainTeed
Diamondback Tile Backer is gypsum-based so it is lighter and less brittle,
which helps to prevent joint cracking. And, because it is reinforced with glass
instead of paper, it too is mold resistant, making it ideal for the kitchen and
bathroom walls inside the 4D Home.
A number of
products from the FibaTape line from Saint-Gobain ADFORS were also used to
boost the indoor environment quality. Unlike traditional paper tape which is
susceptible to mold growth, FibaTape is made of fiberglass offering mold
resistance.
While the
environment inside the home is essential, the Company said that Team
Massachusetts will also be evaluated in the Decathlon competition on the
attractiveness of the home. To help in this effort, the team turned to
solutions from CertainTeed that are both aesthetic and functional:
CertainTeed
WeatherBoards Fiber Cement Siding looks and feels more like real wood than any
other fiber cement siding on the market. Made using a combination of fly ash,
Portland cement, wood fiber and specialty additives, the enhanced formula
creates an environmentally friendly and durable product with a high recycled
content.
Team Massachusetts
selected the synthetic decking CertainTeed EverNew LT Cellular PVC Decking Line
because it combined the desired look of exotic hardwood decking but without the
costly, time-consuming maintenance that natural wood requires.
Team Massachusetts
and 18 other collegiate teams will display their homes on the National Mall's
West Potomac Park in Washington, DC, Sept. 23 - Oct. 2. Open to the public free
of charge, visitors can tour the houses, gather ideas to use in their own
homes, and learn how energy-saving features can help them save money.
Saint-Gobain, a
building materials company is committed to inventing solutions to help
professionals and communities around the world build and renovate comfortable,
healthy, economical and energy efficient buildings.
Through the
responsible development of sustainable building products, CertainTeed is a
brand of exterior and interior building products, including roofing, siding,
fence, decking, railing, trim, foundations, pipe, insulation, gypsum, ceilings
and access covers.
Massachusetts
College of Art and Design (MassArt) is a public college of art and design.
University of Massachusetts Lowell (UMASS Lowell) focuses on science,
engineering, and technology.
More Information:
4dhome.us/
www.saint-gobain-northamerica.com
((Comments on this
story may be sent to newsdesk@closeupmedia.com))
Close-Up Media, Inc.
Related Geographies
· North America
· United States
· Massachusetts
Related Industries
· 3241 Cement, hydraulic
· 8221 Colleges and universities, nec
· Construction - Raw Materials [profile]
· Schools [profile]
· 26510 Manufacture of cement
· 80210 General secondary education
· 2631 Cement and Lime Manufacturing
· 8431 Higher Education
Dow Corning Sponsors Upcoming U.S. Department of
Energy Solar Decathlon 2011
Professional Services Close-Up
16 August 2011
[What follows is the full text of the article.]
To spur growth of
the solar industry and support education, Dow Corning has announced that it is
a sustaining sponsor of the U.S. Department of Energy Solar Decathlon 2011,
which will be held Sept. 23 - Oct. 2 in Washington, D.C.
According to an
Aug. 10 release, the sponsorship includes overseeing the creation of
educational resources that will help strengthen middle school students'
understanding of solar energy and sustainability and the importance of science,
technology, engineering, and math (STEM).
The materials
include:
A school
curriculum for teachers, designed to introduce students in grades 5-8 to the
principles and potential of renewable energy technologies by showcasing the
cutting-edge applications of solar power and energy efficiency solutions at the
Solar Decathlon;
A Student Welcome
& Education Center on the Decathlon grounds where students, teachers and
parents can access educational materials about solar energy and engage in a
series of interactive, hands-on and video-based educational opportunities; and
A student-oriented
Solar Decathlon program to be made available to students visiting the Solar
Village in-person and virtually via the Solar Decathlon website.
"Education,
research and development, and manufacturing are part of a cycle that allows the
United States to compete in a fast-paced global market," said Dow Corning
President and CEO Robert D. Hansen. "Our participation in this year's
Solar Decathlon will help fulfill our promise to be an active, involved
collaborator with students, researchers, manufacturers, and governments as we
prepare the next generation to address the complex problems in our world."
The Solar
Decathlon is a program that challenges 20 collegiate teams to design, build,
and operate solar-powered houses that are cost-effective, energy-efficient, and
attractive. The winner of the competition is the team that best blends
affordability, consumer appeal, and design excellence with optimal energy
production and maximum efficiency.
"There has
never been a more important time to further develop viable, renewable, clean,
domestically generated energy sources, and there is no better way to achieve
that goal than by challenging great minds from universities all over the world,"
said Hansen. "The students' hard work is a testament to the endless
possibilities attainable through math and science education. We hope these
efforts will help fuel the next generation of scientific discovery."
The Solar
Decathlon was previously held in 2002, 2005, 2007, and 2009. Dow Corning
sponsored an electronic scoreboard that provided daily results to event
spectators at the National Mall in 2009.
"The Solar
Decathlon depends on the valuable support of our many sponsors," said
Richard King, director of the U.S. Department of Energy Solar Decathlon.
"Our sponsors play an integral role in ensuring that the Solar Decathlon
provides a rich learning experience for the student decathletes and that we
effectively educate the public about the money-saving opportunities and
environmental benefits presented by clean energy products and design
solutions."
Corning is global
a company focused on silicones, silicon-based technology and solutions. In the
past six years, Dow Corning and the Hemlock Semiconductor Group have announced
investments of more than $5 billion to research and develop as well as to
expand production of materials critical to the solar industry.
Dow Corning offers
more than 7,000 products and services via the company's Dow Corning and Xiameter
brands. Dow Corning is equally owned by The Dow Chemical Company and Corning,
Inc.
More information:
www.dowcorning.com/solardecathlon.
((Comments on this story may be sent to newsdesk@closeupmedia.com ))
Annual Profit & Loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
4,894.6 |
4,945.8 |
5,143.1 |
|
Net sales |
4,199.2 |
4,156.3 |
4,843.2 |
|
Change in stock |
28.4 |
- |
- |
|
Subsidies for operating costs |
0.6 |
1.1 |
- |
|
Supplementary operating income |
24.7 |
10.4 |
33.4 |
|
Other operating income |
670.0 |
778.0 |
266.5 |
|
Other external charges |
510.8 |
522.8 |
650.8 |
|
Cost of goods sold |
3,761.3 |
3,890.8 |
3,574.3 |
|
Taxes and social security costs |
30.0 |
28.0 |
64.1 |
|
Social charges |
96.9 |
85.6 |
131.1 |
|
Total payroll costs |
179.7 |
168.1 |
469.9 |
|
Cost of stock depreciation and amortisation |
38.2 |
30.8 |
49.3 |
|
Fixed asset depreciation and amortisation |
22.8 |
21.0 |
44.7 |
|
Other operating costs |
21.6 |
95.8 |
29.9 |
|
Total operating costs |
4,689.7 |
4,754.5 |
4,920.1 |
|
Net operating income |
204.9 |
191.3 |
223.0 |
|
Joint venture results |
32.0 |
23.1 |
73.5 |
|
Total financial income |
273.2 |
108.0 |
449.9 |
|
Interest payable on loans |
62.2 |
29.2 |
30.6 |
|
Other expenses |
85.3 |
75.9 |
421.5 |
|
Total expenses |
147.4 |
105.1 |
452.1 |
|
Profit before tax |
353.1 |
180.4 |
286.5 |
|
Extraordinary income |
71.9 |
57.2 |
66.8 |
|
Extraordinary expenses |
39.4 |
70.9 |
37.2 |
|
Extraordinary result |
32.4 |
- |
29.6 |
|
Total taxation |
50.8 |
54.5 |
58.7 |
|
Profit distributed to employees |
19.8 |
21.7 |
44.0 |
|
Net profit |
315.0 |
90.5 |
213.5 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
14.6 |
14.2 |
14.9 |
|
Share premium account |
117.4 |
113.8 |
119.7 |
|
Legal reserves |
77.5 |
58.8 |
64.1 |
|
Total reserves |
518.8 |
513.3 |
501.8 |
|
Profits for the year |
324.9 |
86.0 |
228.1 |
|
Profit brought forward from previous year(s) |
0.3 |
0.7 |
0.2 |
|
Capital subsidies and grants |
0.0 |
0.0 |
0.0 |
|
Total stockholders equity |
1,053.7 |
786.7 |
928.8 |
|
Provisions and allowances |
109.6 |
119.4 |
94.4 |
|
Trade creditors |
681.2 |
596.3 |
669.2 |
|
Advances received |
0.2 |
0.2 |
36.3 |
|
Bank loans and overdrafts |
236.3 |
153.5 |
166.8 |
|
Other loans |
384.1 |
514.8 |
79.8 |
|
Other liabilities |
543.3 |
399.7 |
90.7 |
|
Debts on fixed assets |
7.2 |
10.4 |
7.4 |
|
Income stated in advance |
0.7 |
0.8 |
0.0 |
|
Taxation and social security |
138.8 |
186.7 |
250.0 |
|
Total current liabilities |
1,805.1 |
- |
1,263.9 |
|
Total debts |
1,991.8 |
1,862.4 |
1,300.2 |
|
Regularisation account |
0.0 |
10.2 |
3.2 |
|
Total liabilities (including net worth) |
3,155.0 |
2,778.7 |
2,326.5 |
|
Patents |
5.8 |
6.7 |
7.5 |
|
Goodwill |
0.7 |
0.0 |
3.3 |
|
Other intangibles |
4.1 |
3.9 |
6.9 |
|
Land |
11.0 |
8.1 |
5.4 |
|
Buildings |
78.1 |
64.0 |
188.6 |
|
Other fixed assets |
99.8 |
38.9 |
91.2 |
|
Long-term investments |
688.0 |
617.9 |
464.6 |
|
Other financial assets |
81.1 |
3.3 |
35.0 |
|
Total non-current assets |
968.7 |
742.9 |
802.6 |
|
Prepayments |
20.3 |
26.9 |
8.0 |
|
Net stocks and work in progress |
595.5 |
612.6 |
859.1 |
|
Trade debtors |
1,064.2 |
1,029.8 |
320.8 |
|
Other receivables |
284.1 |
166.3 |
242.7 |
|
Prepaid expenses |
16.7 |
14.2 |
28.3 |
|
Cash and liquid assets |
36.9 |
75.9 |
43.8 |
|
Marketable securities |
158.5 |
104.6 |
16.7 |
|
Total current assets |
2,176.2 |
2,030.3 |
1,519.4 |
|
Prepaid expenses and deferred costs |
10.2 |
5.5 |
4.5 |
|
Total assets |
3,155.0 |
2,778.7 |
2,326.5 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.20 |
- |
1.20 |
|
Quick ratio |
0.90 |
- |
0.50 |
|
Total liabilities to net worth |
1.93% |
2.42% |
1.43% |
|
Net worth to total assets |
0.33% |
0.28% |
0.39% |
|
Collection period |
74.60 |
79.10 |
18.80 |
|
Stock turnover rate |
7.30 |
6.40 |
6.00 |
|
Asset turnover |
1.37% |
1.42% |
2.22% |
|
Profit margin |
0.08% |
0.04% |
0.06% |
|
Return on assets |
0.12% |
0.06% |
0.13% |
|
Shareholders' return |
0.35% |
0.22% |
0.34% |
|
Sales per employee |
5,172.71 |
- |
1,276.64 |
|
Profit per employee |
434.96 |
- |
75.53 |
|
Average wage per employee |
221.33 |
- |
123.87 |
|
Net worth |
1,053.7 |
786.7 |
928.8 |
|
Number of employees |
3,829 |
- |
18,182 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.47 |
|
UK Pound |
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
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.