MIRA
INFORM REPORT
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Report Date : |
03.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SEMPERTRANS FRANCE BELTING TECHNOLOGY SAS |
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Registered Office : |
10 Rue des Charretiers, Argenteuil, F-95104 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1974 |
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Com. Reg. No.: |
578200131 |
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Legal Form : |
Private Branch Company |
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Line of Business : |
manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened |
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No. of Employees : |
116 employees |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
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 |
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 & address
Sempertrans France Belting Technology SAS
10 Rue des Charretiers
Argenteuil, F-95104
France
Tel: +33 01 30 25 72 00
Fax: +33 01 39 80 46 16
Web: www.sempertrans.com
Synthesis
Employees: 116
Company Type: Private Branch
Corporate Family: 14
Companies
Ultimate Parent: Semperit AG Holding
Incorporation Date:
15-Jan-1974
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 66.6
Total Assets: 38.7
Business Description
Sempertrans France Belting Technology is primarily engaged in manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2491 - Lifting and
Material Handling Equipment Manufacturing
NACE 2002: 2922 - Manufacture
of lifting and handling equipment
NAICS 2002: 333922 - Conveyor
and Conveying Equipment Manufacturing
UK SIC 2003: 2922 - Manufacture
of lifting and handling equipment
UK SIC 2007: 2822 - Manufacture
of lifting and handling equipment
US SIC 1987: 3535 - Conveyors
and Conveying Equipment
Key Executives
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Name |
Title |
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Eric Ronfard |
Directeur General |
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Michael Wolsram |
Manager-Finance |
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Catherine Flichy |
Marketing director, Purchase manager |
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Philippe Brulant |
Director |
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Bertrand Heckel |
Commercial director, General manager |
Registered
No.(FRA): 578200131
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
10 Rue des Charretiers
Argenteuil, F-95104
France
Tel: +33 01 30 25 72 00
Fax: +33 01 39 80 46 16
Web: www.sempertrans.com
Sales EUR(mil): 50.3
Assets EUR(mil): 28.9
Employees: 116
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 15-Jan-1974
Company Type: Private Branch
Quoted Status: Not Quoted
Registered No.(FRA): 578200131
Directeur General: Eric
Ronfard
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2491 - Lifting and Material Handling Equipment Manufacturing
NACE 2002 Codes:
2922 - Manufacture of lifting and handling equipment
NAICS 2002 Codes:
333922 - Conveyor and Conveying Equipment Manufacturing
US SIC 1987:
3535 - Conveyors and Conveying Equipment
UK SIC 2003:
2922 - Manufacture of lifting and handling equipment
UK SIC 2007:
2822 - Manufacture of lifting and handling equipment
Business
Description
Conveyor Belt Developer, Mfr & Installation Services
More Business
Descriptions
Sempertrans France Belting Technology is primarily engaged in manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened.
Rubber and Plastics Hoses and Belting Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Semperit AG
Holding |
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Sempertrans France Belting Technology SAS |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Wien |
Austria |
Tires |
1,187.2 |
8,115 |
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Subsidiary |
Wimpassing |
Austria |
Fabricated Plastic and Rubber |
1.0 |
1,000 |
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Division |
Wimpassing |
Austria |
Fabricated Plastic and Rubber |
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1,000 |
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Division |
Wimpassing |
Austria |
Fabricated Plastic and Rubber |
|
100 |
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Division |
Vienna |
Austria |
Fabricated Plastic and Rubber |
|
40 |
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Subsidiary |
Clearwater, FL |
United States |
Apparel and Accessories |
17.9 |
30 |
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Subsidiary |
Wien |
Austria |
Fabricated Plastic and Rubber |
437.6 |
636 |
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Subsidiary |
Odry |
Czech Republic |
Fabricated Plastic and Rubber |
77.2 |
470 |
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Subsidiary |
Rogowiec |
Poland |
Fabricated Plastic and Rubber |
117.2 |
353 |
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Division |
Argenteuil |
France |
Miscellaneous Capital Goods |
66.6 |
116 |
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Subsidiary |
Fair Lawn, NJ |
United States |
Miscellaneous Fabricated Products |
12.5 |
20 |
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Subsidiary |
Argenteuil |
France |
Construction and Agriculture Machinery |
10.6 |
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Subsidiary |
Argenteuil |
France |
Construction and Agriculture Machinery |
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Subsidiary |
Deggendorf, Bayern |
Germany |
Fabricated Plastic and Rubber |
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110 |
Executive report
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Executives |
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Directeur General |
Chief Executive Officer |
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Director |
Administration Executive |
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Commercial director, General manager |
Administration Executive |
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Director, Personnel director |
Administration Executive |
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Manager-Finance |
Finance Executive |
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Marketing director, Purchase manager |
Marketing Executive |
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Annual Profit & Loss
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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 |
72.9 |
62.4 |
90.3 |
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Net sales |
66.6 |
61.3 |
82.1 |
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Change in stock |
- |
1.2 |
- |
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Unfinished work in progress |
1.7 |
- |
2.2 |
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Supplementary operating income |
4.6 |
4.6 |
5.9 |
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Other operating income |
0.1 |
0.1 |
0.1 |
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Other external charges |
12.3 |
12.6 |
16.5 |
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Cost of goods sold |
50.8 |
35.5 |
54.5 |
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Taxes and social security costs |
0.8 |
0.9 |
1.1 |
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Social charges |
2.6 |
3.2 |
3.3 |
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Total payroll costs |
6.3 |
6.9 |
7.6 |
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Cost of stock depreciation and
amortisation |
5.2 |
4.7 |
4.2 |
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Fixed asset depreciation and amortisation |
0.5 |
0.6 |
0.6 |
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Other operating costs |
0.0 |
0.0 |
0.8 |
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Total operating
costs |
74.4 |
65.6 |
87.3 |
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Net operating
income |
- |
- |
3.0 |
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Total financial
income |
0.7 |
0.6 |
0.9 |
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Interest payable on loans |
0.3 |
0.4 |
0.8 |
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Other expenses |
0.3 |
0.3 |
0.4 |
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Total expenses |
0.6 |
0.8 |
1.2 |
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Profit before tax |
- |
- |
2.7 |
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Extraordinary income |
- |
- |
0.4 |
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Extraordinary expenses |
0.0 |
0.1 |
1.1 |
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Total taxation |
- |
- |
0.4 |
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Net profit |
- |
- |
1.5 |
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Net loss |
1.4 |
3.3 |
- |
Annual Balance
Sheet
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 |
4.2 |
4.5 |
4.4 |
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Share premium account |
0.4 |
0.4 |
0.4 |
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Total reserves |
0.4 |
0.4 |
0.4 |
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Profits for the year |
- |
- |
1.5 |
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Total
stockholders equity |
- |
0.9 |
4.1 |
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Provisions and allowances |
7.3 |
7.1 |
7.7 |
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Trade creditors |
26.5 |
17.7 |
25.2 |
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Advances received |
- |
0.3 |
0.8 |
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Other loans |
2.1 |
2.4 |
2.2 |
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Other liabilities |
0.7 |
0.6 |
0.2 |
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Income stated in advance |
0.3 |
0.4 |
0.8 |
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Taxation and social security |
2.4 |
3.0 |
2.8 |
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Total current
liabilities |
31.9 |
24.0 |
31.2 |
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Total debts |
31.9 |
24.3 |
31.9 |
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Regularisation account |
0.1 |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
38.7 |
32.3 |
43.8 |
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Patents |
- |
- |
0.0 |
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Land |
0.6 |
0.6 |
0.6 |
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Buildings |
0.6 |
0.5 |
0.6 |
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Other fixed assets |
2.4 |
2.7 |
2.4 |
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Long-term investments |
0.2 |
0.4 |
0.4 |
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Other financial assets |
0.0 |
0.0 |
0.1 |
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Total
non-current assets |
3.8 |
4.3 |
4.0 |
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Prepayments |
0.9 |
0.9 |
1.0 |
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Net stocks and work in progress |
14.1 |
9.0 |
14.4 |
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Trade debtors |
16.7 |
16.2 |
20.9 |
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Other receivables |
1.3 |
0.7 |
0.8 |
|
Prepaid expenses |
0.1 |
0.2 |
0.2 |
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Cash and liquid assets |
1.7 |
0.8 |
2.4 |
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Total current
assets |
34.8 |
27.9 |
39.6 |
|
Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.2 |
|
Total assets |
38.7 |
32.3 |
43.8 |
Annual Ratios
Financials in: USD (mil)
|
|
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 |
|
Exchange Rate |
- |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.10 |
1.20 |
1.30 |
|
Quick ratio |
0.60 |
0.80 |
0.80 |
|
Total liabilities to net worth |
- |
33.32% |
8.13% |
|
Net worth to total assets |
- |
0.02% |
0.09% |
|
Collection period |
75.40 |
77.80 |
81.40 |
|
Stock turnover rate |
4.80 |
7.10 |
5.40 |
|
Asset turnover |
1.74% |
1.96% |
1.78% |
|
Profit margin |
- |
- |
0.03% |
|
Return on assets |
- |
- |
0.06% |
|
Shareholders' return |
- |
- |
0.65% |
|
Sales per employee |
2,841.86 |
2,241.77 |
2,811.45 |
|
Profit per employee |
- |
- |
92.35 |
|
Average wage per employee |
267.39 |
252.73 |
259.25 |
|
Net worth |
- |
0.9 |
4.1 |
|
Number of employees |
116 |
129 |
131 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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NB |
New Business |
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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.