MIRA
INFORM REPORT
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Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
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Name : |
LALLEMAND SAS |
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Registered Office : |
Le Balmay, Maillat, 01430 |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
15.01.1973 |
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Com. Reg. No.: |
773201108 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Engaged in manufacture of special furniture for shops: counters,
display cases, shelves, etc |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
FRANCE - ECONOMIC OVERVIEW
France was transitioning from an economy that has
featured extensive government ownership and intervention to one that relies
more on market mechanisms but is in the midst of a euro-zone crisis. The
government has partially or fully privatized many large companies, banks, and
insurers, and has ceded stakes in such leading firms as Air France, France
Telecom, Renault, and Thales. It maintains a strong presence in some sectors,
particularly power, public transport, and defense industries. With at least 75
million foreign tourists per year, France is the most visited country in the
world and maintains the third largest income in the world from tourism.
France's leaders remain committed to a capitalism in which they maintain social
equity by means of laws, tax policies, and social spending that reduce income
disparity and the impact of free markets on public health and welfare. France's
real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The
unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011.
Lower-than-expected growth and increased unemployment have cut government
revenues and increased borrowing costs, contributing to a deterioration of
France's public finances. The government budget deficit rose sharply from 3.4%
of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011,
while France's public debt rose from 68% of GDP to 86% over the same period.
Under President SARKOZY, Paris implemented austerity measures that eliminated
tax credits and froze most government spending in an effort to bring the budget
deficit under the 3% euro-zone ceiling by 2013 and to highlight France's
commitment to fiscal discipline at a time of intense financial market scrutiny
of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012
presidential election, after advocating pro-growth economic policies, as well
as measures such as forcing banks to separate their traditional deposit taking
and lending activities from more speculative businesses, increasing taxes on
bank profits, introducing a new top bracket on income taxes for people earning
over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil
servants during his five-year term of office
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Source
: CIA |
Company name and address
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Lallemand Sas |
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Employees: |
1 |
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Company Type: |
Private Subsidiary |
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Corporate Family: |
18 Companies |
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Ultimate Parent: |
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Incorporation Date: |
15-Jan-1973 |
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Fiscal Year End: |
30-Sep-2011 |
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Reporting Currency: |
Euro |
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Annual Sales: |
8.0 |
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Total Assets: |
5.9 |
Business Description
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Lallemand Sas is primarily engaged in
manufacture of special furniture for shops: counters, display cases, shelves,
etc.; manufacture of office furniture; and manufacture of furniture for
churches, schools, restaurants. |
Industry
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Industry |
Furniture and
Fixtures |
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ANZSIC 2006: |
2519 - Other
Furniture Manufacturing |
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NACE 2002: |
3612 -
Manufacture of other office and shop furniture |
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NAICS 2002: |
33721 - Office
Furniture (including Fixtures) Manufacturing |
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UK SIC 2003: |
3612 -
Manufacture of other office and shop furniture |
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UK SIC 2007: |
3101 -
Manufacture of office and shop furniture |
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US SIC 1987: |
2599 - Furniture
and Fixtures, Not Elsewhere Classified |
Key Executives
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News
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Registered No.(FRA)
773201108
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.717768
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7453231
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Corporate Structure News: |
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Lallemand Sas |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Anneyron |
France |
Apparel and Accessories |
347.5 |
1,925 |
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Subsidiary |
Sarvar |
Hungary |
Apparel and Accessories |
|
230 |
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Subsidiary |
Dun Sur Auron |
France |
Apparel and Accessories |
34.5 |
197 |
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Lafuma-Hungaria Termelo Es Kereskedelmi Korlatolt
Felelossegu Tarsasag |
Subsidiary |
Sarvar |
Hungary |
Apparel and Accessories |
3.5 |
154 |
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Subsidiary |
Mérignac |
France |
Apparel and Accessories |
81.5 |
149 |
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Subsidiary |
Tsim Sha Tsui, |
Hong Kong |
Miscellaneous Capital Goods |
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100 |
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Subsidiary |
St Rambert D Albon |
France |
Miscellaneous Transportation |
8.7 |
74 |
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Subsidiary |
Annecy Le Vieux |
France |
Recreational Products |
55.5 |
63 |
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Subsidiary |
Annecy Le Vieux |
France |
Apparel and Accessories |
44.5 |
63 |
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Subsidiary |
Anneyron |
France |
Apparel and Accessories |
152.0 |
57 |
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Subsidiary |
Central District, Hong Kong |
Hong Kong |
Recreational Products |
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30 |
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Subsidiary |
Central |
Hong Kong |
Retail (Apparel) |
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Subsidiary |
Chavanod |
France |
Footwear |
27.1 |
34 |
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Subsidiary |
Lafayette, CO |
United States |
Footwear |
4.6 |
15 |
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Subsidiary |
Bissingen An Der Teck, Baden-Württemberg |
Germany |
Textiles - Non Apparel |
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15 |
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Subsidiary |
Leusden |
Netherlands |
Apparel and Accessories |
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10 |
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Subsidiary |
Leusden, Utrecht |
Netherlands |
Miscellaneous Capital Goods |
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2 |
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Subsidiary |
Maillat |
France |
Furniture and Fixtures |
8.0 |
1 |
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United States : Lallemand Ethanol Technology And Mascoma
Announce Transferm Brand Name |
06-Jun-2012 |
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Mascoma and Lallemand Ethanol Technology Enter into Commercial
Pact with Pacific Ethanol |
03-Apr-2012 |
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United States : Mascoma and Lallemand Ethanol Technology
Announce Commercial Agreement with Pacific Ethanol for Drop-In MGT Yeast
Product and Commercial Roll-Out Progress |
30-Mar-2012 |
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Mascoma Leverages Commercialization Strategy for Drop-In
MGT Yeast Product |
22-Jan-2012 |
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Mascoma Deploys Commercialization Strategy for Drop-In
MGT Yeast Product |
17-Jan-2012 |
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Lallemand Inc Files Patent Application for a Method for
Extending Mold-free Shelf Life and Improving Flavor Characteristics or Baked
Goods |
23-Nov-2011 |
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30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
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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) |
0.717768 |
0.740255 |
0.73971 |
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Consolidated |
No |
No |
No |
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Total income |
8.1 |
5.8 |
4.4 |
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Net sales |
8.0 |
5.8 |
4.6 |
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Change in stock |
-0.1 |
0.0 |
0.2 |
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Unfinished work in progress |
0.1 |
0.0 |
-0.2 |
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Subsidies for operating costs |
0.0 |
0.0 |
- |
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Supplementary operating income |
0.0 |
0.1 |
0.0 |
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Other operating income |
0.0 |
- |
0.0 |
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Other external charges |
1.9 |
1.0 |
1.3 |
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Cost of goods sold |
3.3 |
2.4 |
1.2 |
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Taxes and social security costs |
0.1 |
0.1 |
0.1 |
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Social charges |
0.4 |
0.4 |
0.3 |
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Total payroll costs |
1.0 |
1.0 |
0.9 |
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Cost of stock depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Fixed asset depreciation and amortisation |
0.2 |
0.2 |
0.2 |
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Other operating costs |
0.0 |
0.0 |
0.0 |
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Total operating costs |
6.8 |
5.1 |
4.2 |
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Net operating income |
1.3 |
0.7 |
0.2 |
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Total financial income |
0.0 |
0.0 |
0.1 |
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Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.0 |
0.0 |
0.0 |
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Profit before tax |
1.3 |
0.7 |
0.3 |
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Extraordinary income |
0.0 |
0.0 |
0.0 |
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Extraordinary expenses |
0.0 |
0.0 |
- |
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Extraordinary result |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.4 |
0.3 |
0.1 |
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Profit distributed to employees |
0.2 |
- |
- |
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Net profit |
0.7 |
0.4 |
0.2 |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745323 |
0.732493 |
0.684135 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.2 |
1.3 |
1.4 |
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Legal reserves |
0.0 |
0.0 |
0.0 |
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Total reserves |
2.0 |
2.0 |
2.2 |
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Profits for the year |
0.7 |
0.4 |
0.2 |
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Total stockholders equity |
4.0 |
3.7 |
3.7 |
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Provisions and allowances |
0.1 |
0.1 |
0.1 |
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Trade creditors |
0.5 |
0.3 |
0.3 |
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Bank loans and overdrafts |
0.0 |
0.0 |
0.3 |
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Current bank debts |
0.0 |
- |
0.2 |
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Other loans |
1.0 |
0.7 |
0.4 |
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Other liabilities |
0.0 |
- |
0.0 |
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Debts on fixed assets |
- |
0.0 |
- |
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Taxation and social security |
0.4 |
0.3 |
0.3 |
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Total current liabilities |
- |
1.4 |
1.2 |
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Total debts |
1.8 |
1.4 |
1.2 |
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Total liabilities (including net worth) |
5.9 |
5.2 |
5.0 |
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Patents |
- |
- |
0.0 |
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Other intangibles |
0.0 |
0.0 |
0.0 |
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Buildings |
0.0 |
0.0 |
0.0 |
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Other fixed assets |
0.3 |
0.2 |
0.3 |
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Long-term investments |
1.6 |
1.1 |
1.2 |
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Other financial assets |
0.1 |
0.1 |
0.1 |
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Total non-current assets |
2.0 |
1.5 |
1.7 |
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Net stocks and work in progress |
0.4 |
0.3 |
0.4 |
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Trade debtors |
0.9 |
0.6 |
0.7 |
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Other receivables |
0.0 |
0.0 |
0.0 |
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Prepaid expenses |
0.0 |
0.1 |
0.0 |
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Cash and liquid assets |
2.5 |
2.7 |
2.1 |
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Total current assets |
3.9 |
3.8 |
3.3 |
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Total assets |
5.9 |
5.2 |
5.0 |
Annual Ratios |
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Financials in:
USD (mil) |
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|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
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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 |
0.745323 |
0.732493 |
0.684135 |
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Consolidated |
No |
No |
No |
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Current ratio |
- |
2.60 |
2.70 |
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Quick ratio |
- |
2.40 |
2.40 |
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Total liabilities to net worth |
0.46% |
0.38% |
0.33% |
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Net worth to total assets |
0.68% |
0.72% |
0.74% |
|
Collection period |
34.80 |
30.20 |
42.00 |
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Stock turnover rate |
17.40 |
18.20 |
13.10 |
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Asset turnover |
1.31% |
1.12% |
1.00% |
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Profit margin |
0.17% |
0.13% |
0.06% |
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Return on assets |
0.22% |
0.14% |
0.06% |
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Shareholders' return |
0.32% |
0.20% |
0.08% |
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Sales per employee |
1,353.27 |
1,006.49 |
22,296.13 |
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Profit per employee |
224.58 |
125.54 |
1,359.31 |
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Average wage per employee |
162.57 |
175.82 |
4,251.50 |
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Net worth |
4.0 |
3.7 |
3.7 |
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Number of employees |
28 |
28 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.61 |
|
|
1 |
Rs.83.57 |
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Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
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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 |
|
<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.