MIRA
INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
DCNS |
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Registered Office : |
40, Rue Du Docteur Finlay 40-42 Paris, 75015 France |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.2002 |
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Com. Reg. No.: |
441133808 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of a complete range of naval defence systems
including surface combattants, submarines and related systems and equipment. |
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No. of Employees : |
6,233 |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
DCNS
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40, Rue Du Docteur
Finlay 40-42 Paris, 75015 France Tel: 33 (1) 40 59 50 00 Fax: +33 01 40 59 56 48 |
company info
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Employees: 6,233 Company Type: Public Parent Corporate Family: 2 Companies Incorporation Date: 15-Jan-2002 Financials in : USD (mil) |
Fiscal Year End: 31-Dec-2010 Reporting Currency: Euro Annual Sales: 3,185.6 Total Assets: 14,686.6 |
Business Description
Manufacture of a complete range of naval defence systems including surface combattants, submarines and related systems and equipment
Industry
Industry Water Transportation
ANZSIC 2006: 2391 - Shipbuilding and Repair Services
NACE 2002: 3511 - Building and repairing of ships
NAICS 2002: 336611 - Ship Building and Repairing
UK SIC 2003: 3511 - Building and repairing of ships
US SIC 1987: 3731 - Ship Building and Repairing
Key Executives
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Name |
Title |
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Bernard Planchais |
Directeur General Delegue© |
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Jean-Marie Poimboeuf |
President-Directeur General |
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Jean des Courtis |
Directeur Administratif & Financier |
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Philippe Sauvageot |
Directeur Commerciale |
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Philippe Magnien |
Secretaire General |
Registered No.(FRA)
441133808
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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ANZSIC 2006 Codes:
2391 - Shipbuilding and Repair Services
5420 - Software Publishing
2422 - Communication Equipment Manufacturing
NACE 2002 Codes:
3220 - Manufacture of television and radio transmitters and apparatus for line telephony and line telegraphy
3511 - Building and repairing of ships
7221 - Publishing of software
NAICS 2002 Codes:
511210 - Software Publishers
336611 - Ship Building and Repairing
334220 - Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
US SIC 1987:
3663 - Radio and Television Broadcasting and Communications Equipment
3731 - Ship Building and Repairing
7372 - Prepackaged Software
UK SIC 2003:
7221 - Publishing of software
3511 - Building and repairing of ships
32202 - Manufacture of radio and electronic capital goods
Business Description
Manufacture of a complete range of naval defence systems including surface combattants, submarines and related systems and equipment.
More Business Descriptions
Dcns is primarily engaged in building of commercial vessels: passenger vessels, ferry-boats, cargo ships, tankers, etc.; building of warships; and building of fishing boats. This class also includes: construction of drilling platforms, floating or submersible; construction of floating structures (floating docks, pontoons, coffer-dams, floating landing stages, buoys, floating tanks, barges, lighters, etc.); and maintenance, repair or alteration of ships.
DCN (France) is an international contractor specialising in warship design and engineering, shipbuilding, the integration of combat systems and equipment and through-life support.
Ship and Boat Building.
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Company |
Percentage Owned |
Country |
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DCN Log |
100% |
FRANCE |
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DCN Services Far East |
100% |
SINGAPORE |
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DCN International SA |
100% |
FRANCE |
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TNF SA |
100% |
FRANCE |
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Dcns Italia Srl |
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Italy |
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Dcn International |
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France |
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Dcns Far East Pte. Ltd. |
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Singapore |
Bank: Lcl Le Credit Lyonnais
Corporate Family
Dcns
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Paris |
France |
Water Transportation |
3,185.6 |
6,233 |
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Subsidiary |
Paris |
France |
Aerospace and Defense |
114.5 |
1 |
Executives Report
Board of Directors
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President Directeur General |
Chairman |
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President Directeur General |
Chairman |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Directeur General Adjoint |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Administrateur representant l'Etat |
Director/Board Member |
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Director |
Director/Board Member |
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Administrateur |
Director/Board Member |
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Director |
Director/Board Member |
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Directeur Informatique |
Director/Board Member |
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Administrateur |
Director/Board Member |
Executives
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Directeur General Adjoint |
Chief Executive Officer |
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President Directeur General |
President |
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President Directeur General |
President |
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Directeur General Adjoint |
Managing Director |
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Direction de la Surete |
Environment/Safety Executive |
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Directeur Qualite, Securite et Environnement |
Environment/Safety Executive |
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Directeur Programme de Transformation |
Administration Executive |
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Directeur Administratif & Financier |
Administration Executive |
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Director |
Administration Executive |
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Director |
Administration Executive |
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Direction de la Division Services |
Administration Executive |
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Directeur BU Nucleaire Civil |
Administration Executive |
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Direction du Controle Export |
Administration Executive |
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Directeur de la Division Systemes Navals de Surface |
Administration Executive |
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Directeur Administratif et Financier |
Administration Executive |
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Director |
Administration Executive |
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Directeur BU Simulateurs et Formation |
Administration Executive |
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Directeur de la Division Sous-Marins |
Administration Executive |
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Secretaire General |
Company Secretary |
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Directeur de l'Audit et des Risques |
Accounting Executive |
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Directeur des Ressources Humaines |
Human Resources Executive |
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Directeur Commerciale |
Sales Executive |
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Directeur de la Communication |
Corporate Communications Executive |
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Direction des Système d'Information |
Information Executive |
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Directeur Informatique |
Information Executive |
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Direction Technique et Innovation |
Engineering/Technical Executive |
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Directeur de la Strategie & Developpement |
Planning Executive |
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Directeur Juridique |
Legal Executive |
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Direction du Patrimoine Immobilier |
Facilities Executive |
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Directeur des Achats et de la Supply Chain |
Purchasing Executive |
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Directeur Qualite |
Quality Executive |
FRANCE : Contract for software package and information systems awarded to DCNS
TendersInfo News
20 December 2011
[What follows is the full text of the article.]
Mindef / DGA / DT / SCAT / Toulon issued contract to DCNS for software package and information systems through negotiated without a call for competition procedure. Scope of work includes adapting network modeling high-speed platform simulation TSMPF.
Whether Government Procurement Agreement (GPA) is covering this contract or not is not been disclosed and sub-contracting to third party is also not been revealed. Financing for this project by any community fund is not revealed. The total final value of contract was EUR 0.2 million, including VAT. VAT rate (%) 19,6.
Information about the total bids received for this contract is not disclosed in the release. Electronic auction information is not been disclosed. Mindef / DGA / DT / SCAT / Toulon is not purchasing on behalf of other contracting authorities.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
COPYRIGHT 2011 TendersInfo News
DCNS Files Patent Application for Shutter System for Closing Off the Gas Exhaust Pipe of a Missile Launcher
Indian Patent News
05 November 2011
[What follows is the full text of the article.]
New Delhi, Nov. 5 -- France based DCNS filed patent application for shutter system for closing off the gas exhaust pipe of a missile launcher. The inventor is Falip Alain.
DCNS filed the patent application on Nov. 5, 2010. The patent application number is 7006/CHENP/2010 A. The international classification numbers are F41F3/04, B63G3/04 and F41F3/073.
According to the Controller General of Patents, Designs & Trade Marks, "This shutter system for a chimney of a missile launcher, the launcher comprising at least one container which is capable of receiving at least one missile, and an exhaust pipe for the propulsion gas comprising a gas exhaust chimney, the container being in communication with the pipe when the missile is fired and the pipe being in communication with the atmosphere via the chimney which is provided with the shutter system, is characterised in that the shutter system comprises at least one panel and a means for retaining the panel, which can be moved between a closed position and an open position, the retention means comprising a means for returning from the open position to the closed position and a means for dissipating energy resulting from the opening movement and the closing movement."
About the Company
DCNS (formerly the Direction Technique des Constructions Navales and the Direction des Constructions Navales) is a naval defence company based in France and is one of Europe's leading shipbuilders. The group designs, builds and supports surface combatants, submarines, systems and equipments. DCNS is also expanding into new markets in civil nuclear energy, marine renewable energy and naval and industrial services.
Copyright Contify.com
FRENCH SOUTHERN TERRITORIES,UNITED STATES : DCNS and Thales have overcome a new hurdle for the automatic deck-landing of UAVs
TendersInfo News
03 November 2011
[What follows is the full text of the article.]
DCNS and Thales today announced the launch of a supplementary phase for the Technology Demonstration of a system for automatic landing and deck-landing of UAVs (D2AD), which has just been notified by the French Defence Procurement Authority (DGA). Sea trials of the demonstrator are planned for 2012 using a French Navy frigate and a Boeing, H-6U Unmanned Little Bird rotorcraft.
This notification follows on from the successful landing and deck-landing trials conducted in the United States last June and July using a moving platform. This new design study is to be conducted in the context of risk reduction for future tactical UAV programmes to be managed by the DGA on behalf of the French Navy and the French Army*.
The next trials are aimed at demonstrating automatic deck-landing of a UAV on the deck of a frigate in total safety even in high sea state and low visibility.
The system must demonstrate its capability for integration of all the operational constraints inherent in deck take-offs and landings, similar to those of piloted helicopters, but in fully automatic mode.
This automatic system for take-off, landing and deck-landing of UAVs is the fruit of the joint expertise of Thales and DCNS. Thales is responsible for the positioning system and its interface with the UAV system, the supply of a UAV demonstrator system and slaving of the flight path along a trajectory. DCNS is responsible for predicting the vessel motions, the harpoon system as well as the interface and integration with the vessel.
The D2AD automatic deck-landing system constitutes a key stage in the run-up to the use of UAV rotorcraft by naval forces, for operations over land and sea. It provides innovative high-performance solutions which meet operational needs. The availability of an automatic on-board take-off and landing system, without the need for an external pilot, opens up the possibility of intensive use of UAV rotorcraft, at minimum cost and a high level of safety.
SDAM programme: Systeme de Drone Aerien pour la Marine (UAV system for the navy)
SDT programme: Systeme de drone tactique (Tactical UAV system).
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
COPYRIGHT 2011 TendersInfo News
FRANCE : DCNS and Thales have overcome a new hurdle for the automatic deck-landing of UAVs
TendersInfo News
03 November 2011
[What follows is the full text of the article.]
DCNS and Thales today announced the launch of a supplementary phase for the Technology Demonstration of a system for automatic landing and deck-landing of UAVs (D2AD), which has just been notified by the French Defence Procurement Authority (DGA). Sea trials of the demonstrator are planned for 2012 using a French Navy frigate and a Boeing, H-6U Unmanned Little Bird rotorcraft.
This notification follows on from the successful landing and deck-landing trials conducted in the United States last June and July using a moving platform. This new design study is to be conducted in the context of risk reduction for future tactical UAV programmes to be managed by the DGA on behalf of the French Navy and the French Army.
The next trials are aimed at demonstrating automatic deck-landing of a UAV on the deck of a frigate in total safety even in high sea state and low visibility.
The system must demonstrate its capability for integration of all the operational constraints inherent in deck take-offs and landings, similar to those of piloted helicopters, but in fully automatic mode.
This automatic system for take-off, landing and deck-landing of UAVs is the fruit of the joint expertise of Thales and DCNS. Thales is responsible for the positioning system and its interface with the UAV system, the supply of a UAV demonstrator system and slaving of the flight path along a trajectory. DCNS is responsible for predicting the vessel motions, the harpoon system as well as the interface and integration with the vessel.
The D2AD automatic deck-landing system constitutes a key stage in the run-up to the use of UAV rotorcraft by naval forces, for operations over land and sea. It provides innovative high-performance solutions which meet operational needs. The availability of an automatic on-board take-off and landing system, without the need for an external pilot, opens up the possibility of intensive use of UAV rotorcraft, at minimum cost and a high level of safety.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
DCNS Develops Design Patent (224843) for Ship
Indian Patent News
28 September 2011
[What follows is the full text of the article.]
New Delhi, Sept. 28 -- DCNS, Paris, France, has been developed a Design patent (224843) for a ship.
The Design was registered on Sept. 24, 2009 under Class No. 12-06 titled as "ship."
The priority number is 001137707-0001.
About the Company
DCNS is a naval defence company based in France and is one of Europe's shipbuilders.
Copyright Contify.com
COPYRIGHT 2011 Indian Patent News
FRANCE : Terma and DCNS have developed a fully automatic anti-torpedo decoy system
TendersInfo News
17 September 2011
[What follows is the full text of the article.]
At the Defense & Security Equipment International exhibition Terma and DCNS announced that their technical cooperation has resulted in an important improvement for ships with a need for protection against torpedoes.
Terma and DCNS have developed a fully automatic anti-torpedo decoy system. The system uses the Terma 130mm Soft Kill Weapon System (SKWS) to fire DCNS CANTO-V anti-torpedo decoy. The SKWS upgrade for twin AAW and ASW purpose use the jointly developed software with advanced algorithm (embedding DCNS CONTRALTO-V reaction software) to support fully automatic firing. This provides the ship with an effective protection against torpedoes attacks. The decoys will be placed in the water in the best way to confuse the torpedo together with ship evasive manoeuvres proposal.
With advanced algorithms, this system will provide the best firing solution and protection of all types of ships against torpedo attack.
Terma develops products and systems for defense, non-defense, and security applications, including command and control systems, radar systems, self-protection systems for ships and aircraft, space technology, and advanced Aerostructures for the international aircraft industry. The company has a total staff of 1,200 and realized 2010/11 revenues of 190 mil euro. Terma A/S is headquartered at Aarhus, Denmark, and maintains international subsidiaries and operations in The Netherlands, Germany, the U.S., and Singapore.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
FRANCE : Groupement des societes DCNS, systemique, ATOS origin et CLS wins Euro 0.6 million contract
TendersInfo News
14 September 2011
[What follows is the full text of the article.]
SHOM's Euro 0.6 million contract is won by the France company Groupement des societes DCNS, systemique, ATOS origin et CLS through negotiated procedure method. Under the contract Groupement des societes DCNS, systemique, ATOS origin et CLS is required to service of development of software for military applications.
Scope of work is for the maintain skills and develop the organization that will cover all types of intervention on the functional scope of SOAP-3 system to ensure the operational readiness of the system.
Government Procurement Agreement (GPA) has covered this contract with no possibility of sub-contracting. The notice involves conclusion of a framework agreement. The contractor is not selected through an electronic auction. Financing for this contract is not done by any community funds.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
COPYRIGHT 2011 TendersInfo News
Orders & Contracts: INTERNATIONAL SUCCESS FOR DCNS WITH THE BPC
SP's Naval Forces
13 September 2011
[What follows is the full text of the article.]
DCNs has signed a contract with RUSsian defence export agency rosoboron export under the Franco-RUSsian inter-governmental agreement of January 25 for the supply of four Mistral/BPC-type force projection and command vessels. The contract signed now calls for two Mistral/BPC ships and associated services including initial logistics, training, and the transfer of technologies. For this contract, DCNs will act as prime contractor and will also integrate the operations direction and communication systems. The shipbuilding of platforms will be subcontracted to the STX shipyard at saint-Nazaire in western France assisted by RUSsian shipbuilder OSK. a subcontract has been signed by STX and OSK. The first ship will be delivered to RUSsia in 2014, three years after the contract came into force. The second BPC will be delivered in 2015. on the international market, this ship is known as a landing helicopter dock or landing helicopter docks (LHD).
Copyright 2011 SP Guide Publications Pvt Ltd, distributed by Contify.com
COPYRIGHT 2011 SP's Naval Forces
SOUTH AFRICA : DCNS, KND ink MoU to build offshore patrol vessels in South Africa
TendersInfo News
07 September 2011
[What follows is the full text of the article.]
A memorandum of understanding (MoU) has been signed by DCNS and KND for the promotion, construction and sale of offshore patrol vessels (OPVs) in South Africa. The most innovative technologies are leveraged by the Gowind OPV to make sure the success of maritime safety & security (MSS) and counterpiracy missions.
In order to promote, build and sell the vessels, a partnership agreement has been signed by DCNS and KND. After the visits by DCNS and KND to each other s facilities, the two naval shipbuilders identified the major benefits of forming a partnership.
James Fisher, CEO of KND, said, We are very happy with the partnership agreement and are very positive that the DCNS OPV is the most suitable solution for Naval applications within Africa.
Pierre Legros, SVP Surface Ships & Naval Systems, DCNS, commented, This MoU reflects DCNS s commitment to long-term partnership with KND in order to meet the requirements of the South African Navy as closely as possible.
An innovative range of ships were designed and developed by DCNS for maritime safety and security missions, including the Gowind ocean patrol vessel (OPV).
The construction of the first-of-class Gowind OPV, L Adroit, started in France in May 2010. The delivery of the vessel to the French Navy is scheduled before the end of 2011.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
COPYRIGHT 2011 TendersInfo News
FRANCE : DCNS bags contract of 33 327 026 Euros
TendersInfo News
28 June 2011
[What follows is the full text of the article.]
CEA - centre de Cadarache, France has issued the contract of 33 327 026 Euros to DCNS, France for execution of ventilation installation work. Restricted procedure was followed for awarding this contract.
The contractor was selected after scrutinizing total 3 bidders who did bidding for this contract. Contract is not awarded by using an electronic auction. The contracting authority is not purchasing on behalf of other contracting authorities.
The contract is covered by the Government Procurement Agreement (GPA) and will not be sub-contracted to third party. CEA - centre de Cadarache, France is a body governed by public law.
Copyright 2011 Euclid Infotech Pvt. Ltd., distributed by Contify.com
COPYRIGHT 2011 TendersInfo News
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
3,580.2 |
3,657.8 |
3,282.1 |
|
Net sales |
3,185.6 |
3,213.8 |
2,734.1 |
|
Change in stock |
- |
1.1 |
6.6 |
|
Unfinished work in progress |
90.9 |
- |
- |
|
Own work capitalised |
33.9 |
21.0 |
16.1 |
|
Subsidies for operating costs |
4.8 |
1.8 |
1.5 |
|
Supplementary operating income |
227.8 |
497.8 |
572.3 |
|
Other operating income |
37.3 |
16.1 |
58.8 |
|
Other external charges |
2,422.1 |
2,551.5 |
2,137.6 |
|
Cost of goods sold |
38.4 |
27.3 |
23.5 |
|
Taxes and social security costs |
58.4 |
51.2 |
55.7 |
|
Social charges |
221.1 |
228.3 |
204.3 |
|
Total payroll costs |
467.8 |
448.4 |
406.1 |
|
Cost of stock depreciation and
amortisation |
115.4 |
98.3 |
230.3 |
|
Fixed asset depreciation and amortisation |
80.5 |
79.6 |
69.7 |
|
Other operating costs |
2.5 |
8.8 |
28.7 |
|
Total operating
costs |
3,394.7 |
3,494.6 |
3,162.5 |
|
Net operating
income |
185.5 |
163.2 |
119.6 |
|
Total financial
income |
70.5 |
320.1 |
159.0 |
|
Interest payable on loans |
- |
- |
36.6 |
|
Other expenses |
69.6 |
318.3 |
39.7 |
|
Total expenses |
61.9 |
317.8 |
76.3 |
|
Profit before tax |
194.2 |
165.4 |
202.2 |
|
Extraordinary income |
20.5 |
17.9 |
21.2 |
|
Extraordinary expenses |
27.4 |
28.0 |
27.6 |
|
Total taxation |
50.2 |
44.9 |
26.9 |
|
Profit distributed to employees |
17.0 |
16.3 |
13.0 |
|
Net profit |
120.1 |
94.2 |
155.9 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
755.3 |
807.8 |
782.6 |
|
Share premium account |
24.7 |
26.5 |
25.6 |
|
Legal reserves |
34.0 |
31.1 |
24.8 |
|
Total reserves |
207.2 |
216.8 |
203.3 |
|
Profits for the year |
121.6 |
97.1 |
148.2 |
|
Profit brought forward from previous
year(s) |
19.9 |
30.8 |
- |
|
Total
stockholders equity |
1,162.8 |
1,210.0 |
1,171.5 |
|
Provisions and allowances |
368.9 |
539.1 |
882.4 |
|
Trade creditors |
2,609.9 |
2,231.7 |
941.9 |
|
Advances received |
9,698.1 |
11,368.5 |
8,215.3 |
|
Bank loans and overdrafts |
- |
0.0 |
0.0 |
|
Other loans |
53.5 |
86.5 |
783.3 |
|
Other liabilities |
67.5 |
52.8 |
75.1 |
|
Debts on fixed assets |
41.7 |
23.8 |
34.1 |
|
Income stated in advance |
18.9 |
17.8 |
5.6 |
|
Taxation and social security |
665.1 |
868.5 |
1,229.6 |
|
Total current
liabilities |
3,455.6 |
3,279.9 |
3,058.1 |
|
Total debts |
13,154.7 |
14,649.5 |
11,284.9 |
|
Regularisation account |
0.2 |
0.3 |
0.2 |
|
Total
liabilities (including net worth) |
14,686.6 |
16,398.9 |
13,338.9 |
|
Patents |
2.0 |
2.1 |
2.9 |
|
Goodwill |
195.0 |
234.3 |
- |
|
Other intangibles |
11.3 |
11.7 |
10.9 |
|
Land |
79.6 |
84.4 |
82.7 |
|
Buildings |
233.1 |
230.4 |
215.3 |
|
Other fixed assets |
343.9 |
307.5 |
269.6 |
|
Long-term investments |
394.2 |
491.4 |
976.0 |
|
Other financial assets |
16.0 |
9.1 |
0.3 |
|
Total
non-current assets |
1,275.0 |
1,370.8 |
1,557.7 |
|
Prepayments |
1,762.8 |
1,605.8 |
432.7 |
|
Net stocks and work in progress |
763.2 |
707.6 |
676.0 |
|
Trade debtors |
7,789.4 |
9,904.7 |
8,873.0 |
|
Other receivables |
307.0 |
360.6 |
222.4 |
|
Prepaid expenses |
27.2 |
21.0 |
12.8 |
|
Cash and liquid assets |
7.5 |
9.3 |
2.0 |
|
Marketable securities |
2,754.3 |
2,418.9 |
1,562.3 |
|
Total current
assets |
13,411.4 |
15,027.8 |
11,781.1 |
|
Prepaid expenses and deferred costs |
0.1 |
0.2 |
0.1 |
|
Total assets |
14,686.6 |
16,398.9 |
13,338.9 |
Annual Ratios
Financials in: USD
(mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
3.90 |
4.60 |
3.90 |
|
Quick ratio |
3.70 |
4.40 |
3.60 |
|
Total liabilities to net worth |
13.78% |
15.23% |
9.75% |
|
Net worth to total assets |
0.07% |
0.06% |
0.09% |
|
Collection period |
732.70 |
906.80 |
1,036.60 |
|
Stock turnover rate |
4.20 |
4.70 |
3.80 |
|
Asset turnover |
0.22% |
0.20% |
0.20% |
|
Profit margin |
0.06% |
0.05% |
0.07% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.21% |
0.18% |
0.17% |
|
Sales per employee |
2,376.93 |
2,431.94 |
2,149.24 |
|
Profit per employee |
144.92 |
125.20 |
158.98 |
|
Average wage per employee |
349.07 |
339.32 |
319.20 |
|
Net worth |
1,162.8 |
1,210.0 |
1,171.5 |
|
Number of employees |
6,638 |
6,233 |
5,705 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.65.32 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.