MIRA
INFORM REPORT
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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ENSIVAL-MORET FRANCE |
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Registered Office : |
Chemin Des Ponts Et Chaussees, St Quentin,
02100 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.04.2000 |
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Com. Reg. No.: |
430313098 |
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Legal Form : |
Private Independent |
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Line of Business : |
Engaged in manufacture of pumps and compressors |
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No. of Employees : |
230 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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France |
A1 |
A1 |
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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 and address
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Ensival-Moret France |
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Business Description
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Ensival-Moret France is primarily engaged
in manufacture of pumps and compressors. |
Industry
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Industry |
Miscellaneous
Capital Goods |
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ANZSIC 2006: |
245 - Pump,
Compressor, Heating and Ventilation Equipment Manufacturing |
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NACE 2002: |
2912 -
Manufacture of pumps and compressors |
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NAICS 2002: |
33391 - Pump and
Compressor Manufacturing |
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UK SIC 2003: |
2912 -
Manufacture of pumps and compressors |
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US SIC 1987: |
3561 - Pumps and
Pumping Equipment |
Key Executives
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Registered No.(FRA)
430313098
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
70.5 |
74.4 |
76.9 |
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Net sales |
68.1 |
71.2 |
74.2 |
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Change in stock |
- |
- |
0.1 |
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Unfinished work in progress |
1.5 |
0.5 |
1.0 |
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Subsidies for operating costs |
0.0 |
0.9 |
0.0 |
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Supplementary operating income |
0.8 |
1.8 |
1.6 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
14.3 |
13.8 |
46.5 |
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Cost of goods sold |
33.4 |
37.2 |
8.8 |
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Taxes and social security costs |
1.3 |
1.0 |
1.3 |
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Social charges |
5.1 |
5.4 |
5.3 |
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Total payroll costs |
12.1 |
12.6 |
12.5 |
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Cost of stock depreciation and amortisation |
1.2 |
0.5 |
0.0 |
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Fixed asset depreciation and amortisation |
0.8 |
0.8 |
0.7 |
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Other operating costs |
0.3 |
0.0 |
0.0 |
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Total operating costs |
67.6 |
70.7 |
75.1 |
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Net operating income |
2.9 |
3.7 |
1.8 |
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Total financial income |
5.0 |
4.9 |
4.5 |
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Interest payable on loans |
0.6 |
0.8 |
1.4 |
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Other expenses |
0.9 |
0.2 |
0.0 |
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Total expenses |
1.6 |
1.0 |
1.4 |
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Profit before tax |
6.3 |
7.6 |
4.9 |
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Extraordinary income |
0.2 |
1.9 |
3.5 |
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Extraordinary expenses |
0.3 |
1.8 |
4.8 |
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Extraordinary result |
- |
0.1 |
- |
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Total taxation |
0.8 |
1.0 |
- |
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Profit distributed to employees |
0.1 |
0.3 |
- |
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Net profit |
5.3 |
6.4 |
4.0 |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
13.4 |
14.3 |
13.9 |
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Legal reserves |
0.4 |
0.2 |
0.1 |
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Other reserves |
0.9 |
1.0 |
0.9 |
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Total reserves |
1.3 |
1.4 |
1.4 |
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Profits for the year |
5.3 |
6.6 |
3.8 |
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Profit brought forward from previous year(s) |
3.2 |
0.6 |
0.6 |
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Capital subsidies and grants |
- |
- |
0.4 |
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Total stockholders equity |
24.5 |
24.3 |
21.1 |
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Provisions and allowances |
1.2 |
1.3 |
1.2 |
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Trade creditors |
13.6 |
20.5 |
20.0 |
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Advances received |
0.5 |
5.1 |
1.7 |
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Bank loans and overdrafts |
14.3 |
11.2 |
9.2 |
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Current bank debts |
9.7 |
6.8 |
3.7 |
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Debenture loans |
0.0 |
- |
- |
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Other loans |
2.8 |
4.0 |
3.9 |
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Other liabilities |
8.3 |
12.9 |
9.2 |
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Income stated in advance |
2.6 |
0.0 |
- |
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Taxation and social security |
4.1 |
9.5 |
2.9 |
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Total current liabilities |
43.5 |
54.7 |
43.7 |
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Total debts |
46.2 |
63.2 |
47.0 |
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Total liabilities (including net worth) |
71.9 |
88.8 |
69.3 |
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Patents |
0.1 |
0.0 |
0.1 |
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Goodwill |
4.1 |
4.4 |
4.1 |
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Other intangibles |
1.0 |
0.7 |
0.6 |
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Buildings |
3.0 |
3.2 |
3.1 |
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Other fixed assets |
1.2 |
1.4 |
1.3 |
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Long-term investments |
20.9 |
18.3 |
16.7 |
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Other financial assets |
0.1 |
0.4 |
0.5 |
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Total non-current assets |
30.2 |
28.4 |
26.4 |
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Prepayments |
0.3 |
0.8 |
0.6 |
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Net stocks and work in progress |
12.9 |
11.6 |
9.6 |
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Trade debtors |
19.9 |
34.4 |
26.6 |
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Discounted bills not yet due |
0.0 |
- |
- |
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Other receivables |
3.7 |
8.7 |
4.7 |
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Prepaid expenses |
0.1 |
0.1 |
0.1 |
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Cash and liquid assets |
4.8 |
4.8 |
1.3 |
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Total current assets |
41.7 |
60.3 |
42.9 |
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Prepaid expenses and deferred costs |
- |
0.1 |
- |
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Total assets |
71.9 |
88.8 |
69.3 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.00 |
1.10 |
1.00 |
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Quick ratio |
0.70 |
0.90 |
0.80 |
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Total liabilities to net worth |
2.38% |
3.30% |
2.89% |
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Net worth to total assets |
0.27% |
0.22% |
0.24% |
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Collection period |
87.70 |
142.10 |
114.30 |
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Stock turnover rate |
5.40 |
6.40 |
7.40 |
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Asset turnover |
0.96% |
0.83% |
1.02% |
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Profit margin |
0.09% |
0.11% |
0.07% |
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Return on assets |
0.09% |
0.09% |
0.07% |
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Shareholders' return |
0.33% |
0.41% |
0.29% |
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Sales per employee |
1,371.92 |
1,398.98 |
1,447.56 |
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Profit per employee |
127.31 |
149.78 |
95.76 |
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Average wage per employee |
243.42 |
247.85 |
243.51 |
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Net worth |
24.5 |
24.3 |
21.1 |
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Number of employees |
246 |
240 |
230 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.14 |
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1 |
Rs.86.00 |
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Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.