MIRA
INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
METHOD ANIMATION SAS |
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Registered Office : |
118, Rue Du Mont Cenis, 118/126, Paris, 75018 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.11.1997 |
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Com. Reg. No.: |
417972973 |
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Legal Form : |
Public Independent |
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Line of Business : |
Motion Picture and Video Production |
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No. of Employees : |
34 |
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
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Method Animation |
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Employees: 34
Company Type: Public
Independent
Incorporation Date: 15-Nov-1997
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 7.1
Total Assets: 52.4
Business Description
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Method Animation is primarily engaged in motion picture production on
film or video; and Other motion picture and video production activities. |
Industry
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Industry |
Motion Pictures |
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ANZSIC 2006: |
5511 - Motion Picture and Video Production
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NACE 2002: |
9211 - Motion picture and video production
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NAICS 2002: |
512110 - Motion Picture and Video
Production |
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UK SIC 2003: |
9211 - Motion picture and video production
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US SIC 1987: |
7812 - Motion Picture and Video Tape
Production |
Key Executives
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News |
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Registered No.(FRA)
417972973
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Sales EUR(mil): |
5.4 |
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Assets EUR(mil): |
39.1 |
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Employees: |
34 |
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Fiscal Year End: |
31-Dec-2010 |
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Industry: |
Motion Pictures |
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Incorporation Date: |
15-Nov-1997 |
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Company Type: |
Public
Independent |
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Quoted Status: |
Not Quoted |
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Registered No.(FRA): |
417972973 |
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President: |
Aton Soumache |
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ANZSIC 2006 Codes: |
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5511 |
- |
Motion Picture and Video Production |
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NACE 2002 Codes: |
||
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9211 |
- |
Motion picture and video production |
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NAICS 2002 Codes: |
||
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512110 |
- |
Motion Picture and Video Production |
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US SIC 1987: |
||
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7812 |
- |
Motion Picture and Video Tape Production |
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UK SIC 2003: |
||
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9211 |
- |
Motion picture and video production |
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Method Animation is primarily engaged in motion picture production on
film or video; and Other motion picture and video production activities. |
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Financials in: |
EUR(mil) |
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Revenue: |
5.4 |
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Assets: |
39.1 |
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Current Assets: |
12.0 |
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Total Liabilities: |
39.1 |
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Issued Capital: |
0.1 |
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Net Worth: |
2.3 |
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Date of Financial Data: |
31-Dec-2010 |
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1 Year Growth |
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-50.8% |
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NA |
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Entertainment
Newsweekly: 13 April 2011
[What follows is the full text of the news story.]
DQE, the
global entertainment production and
distribution
company announced the signing of a co-production agreement with France based
Method Animation for a new 3D HD series 'Robin Hood - Mischief in Sherwood'
targeted at children aged 6-9 years.
The Robin
Hood production will comprise 52 episodes of 11 minutes each as a 3D
stereoscopic CGI series and has an estimated global production budget of
EUR8.5m. The series will be full of humour and is intended to create an
entertaining experience that relaunches the iconic hero that is Robin Hood. The
audience will be taken on a journey into Sherwood Forest and discover the
youthful, early years of Robin.
Tapaas
Chakravarti, Chairman & CEO of DQE, said: "Robin Hood - Prince of
Thieves" as he is popularly known is one of the most loved characters in
the world. This new series 'Robin Hood - Mischief in Sherwood'
will be
produced as a high quality stereoscopic 3D series and will appeal to kids
worldwide bringing out the charm and mischief of our young hero.
This
partnership with our own long term co-production partners 'Method Animation'
will bring to this production the benefit of the synergies that our teams have
achieved together with the production of several remarkable series such as
Ironman, Little Prince, Little Nick, Skyland, Peterpan and more recently the 3D
stereoscopic feature film, the Prodigies, with our sister concern, Onyx
Films."
Aton
Soumache, CEO of Method Animation, France said,
DQ IN FRENCH
TIE-UP TO 'REBOOT' ROBIN HOOD
Evening Standard (London, UK): 06 April 2011
[What follows is the full text of the news story.]
DQ
Entertainment is teaming up with French studio Method Animation to produce a 3D
Robin Hood television series aimed at children. The high definition series of
52 episodes lasting 11 minutes will be called �Robin Hood Mischief in Sherwoodï
The two
have previously worked together on Iron Man, Little Prince and Skyland. The
series is budgeted to cost around 8.5 million (7.5 million) to make, and will
be sold worldwide.
Method
chief executive Aton Soumache said: We will reboot the story of Robin Hood to
create magical entertainment for the whole family.
DQE and Method Animation launch animated
version of Robin Hood
Accord Fintech (India): 06 April 2011
[What follows is the full text of the news story.]
India, April 06 -- DQ Entertainment (International) Ltd has submitted to
BSE a copy of the Corporate Announcement regarding "DQE and Method
Animation launch animated version of Robin Hood" Published by HT
Syndication with permission from ACCORD FINTECH BSE. For any query with respect
to this article or any other content requirement, please contact Editor at
htsyndication@hindustantimes.com
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.796979 |
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Consolidated |
No |
No |
No |
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Total income |
20.5 |
28.6 |
20.2 |
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Net sales |
7.1 |
15.1 |
6.2 |
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Own work capitalised |
8.9 |
5.7 |
11.2 |
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Subsidies for operating costs |
0.5 |
3.4 |
2.8 |
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Supplementary operating income |
4.0 |
4.3 |
- |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
11.0 |
7.7 |
6.4 |
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Cost of goods sold |
- |
0.0 |
0.0 |
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Taxes and social security costs |
0.1 |
0.2 |
0.1 |
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Social charges |
2.2 |
1.9 |
1.6 |
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Total payroll costs |
3.7 |
3.3 |
2.9 |
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Cost of stock depreciation and amortisation |
0.0 |
0.0 |
0.3 |
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Fixed asset depreciation and amortisation |
1.4 |
15.1 |
7.9 |
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Other operating costs |
2.0 |
3.2 |
1.1 |
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Total operating costs |
20.5 |
31.3 |
20.3 |
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Total financial income |
0.1 |
0.2 |
0.1 |
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Interest payable on loans |
1.2 |
1.4 |
0.8 |
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Other expenses |
0.1 |
0.2 |
0.0 |
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Total expenses |
1.3 |
1.6 |
0.8 |
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Extraordinary income |
0.4 |
1.3 |
0.3 |
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Extraordinary expenses |
0.4 |
0.4 |
0.1 |
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Extraordinary result |
- |
0.8 |
0.2 |
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Total taxation |
- |
- |
0.0 |
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Net loss |
0.4 |
2.8 |
0.6 |
Annual Balance Sheet
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Financials in:
USD (mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2006 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.758351 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.0 |
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Share premium account |
6.0 |
6.4 |
1.6 |
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Other reserves |
- |
- |
0.5 |
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Capital subsidies and grants |
2.3 |
0.7 |
1.9 |
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Total stockholders equity |
3.1 |
2.0 |
2.6 |
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Provisions and allowances |
0.0 |
0.0 |
- |
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Trade creditors |
3.5 |
3.0 |
2.3 |
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Bank loans and overdrafts |
20.8 |
20.3 |
13.3 |
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Current bank debts |
0.6 |
1.5 |
0.4 |
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Other loans |
- |
10.4 |
3.9 |
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Other liabilities |
16.0 |
4.2 |
1.3 |
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Income stated in advance |
6.5 |
3.2 |
1.3 |
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Taxation and social security |
2.4 |
2.1 |
2.9 |
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Total current liabilities |
34.1 |
33.4 |
- |
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Total debts |
49.3 |
43.3 |
25.0 |
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Regularisation account |
0.0 |
0.0 |
- |
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Total liabilities (including net worth) |
52.4 |
45.4 |
27.6 |
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Patents |
10.5 |
11.6 |
3.7 |
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Other intangibles |
25.8 |
15.3 |
13.5 |
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Other fixed assets |
0.0 |
0.0 |
0.4 |
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Long-term investments |
- |
- |
0.0 |
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Other financial assets |
- |
0.1 |
- |
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Total non-current assets |
36.4 |
27.2 |
17.6 |
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Trade debtors |
9.7 |
11.4 |
4.8 |
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Other receivables |
5.5 |
6.5 |
4.7 |
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Prepaid expenses |
0.4 |
0.2 |
0.4 |
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Cash and liquid assets |
0.4 |
0.0 |
0.0 |
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Total current assets |
16.1 |
18.2 |
10.0 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
- |
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Total assets |
52.4 |
45.4 |
27.6 |
Annual Ratios
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.758351 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Current ratio |
0.50 |
0.50 |
- |
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Quick ratio |
0.50 |
0.50 |
- |
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Collection period |
408.60 |
222.30 |
223.20 |
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Asset turnover |
0.14% |
0.34% |
0.24% |
|
Sales per employee |
468.08 |
1,400.29 |
- |
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Average wage per employee |
245.65 |
303.37 |
- |
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Net worth |
3.1 |
2.0 |
2.6 |
|
Number of employees |
75 |
51 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
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 |
|
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 |
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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.