|
Report Date : |
13.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ETABLISSEMENTS GINDRE DUCHAVANY |
|
|
|
|
Registered Office : |
131 Rue De
Crequi 69006 Lyon 6eme |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.01.1955 |
|
|
|
|
Com. Reg. No.: |
95550881700090 |
|
|
|
|
Legal Form : |
Simplified Joint
Stock Company with Single Associate |
|
|
|
|
Line of Business : |
Copper production |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
France |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FRANCE - ECONOMIC OVERVIEW
The French economy is diversified across all sectors. The
government has partially or fully privatized many large companies, including
Air France, France Telecom, Renault, and Thales. However, the government
maintains a strong presence in some sectors, particularly power, public
transport, and defense industries. With at least 79 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, before stagnating in 2012.
The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth
unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan
France. Lower-than-expected growth and high unemployment costs have strained
France's public finances. The budget deficit rose sharply from 3.4% of GDP in
2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while
France's public debt rose from 68% of GDP to 89% over the same period. Under
President SARKOZY, Paris implemented some austerity measures 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. Socialist Party candidate Francois HOLLANDE won the May 2012
presidential election, after advocating pro-growth economic policies, the
separation of banks' traditional deposit taking and lending activities from
more speculative businesses, increasing the top corporate and personal tax
rates, and hiring an additional 60,000 teachers during his five-year term. The
government's attempt to introduce a 75% wealth tax on income over one million
euros for two years was struck down by the French Constitutional Council in
December 2012 because it applied to individuals rather than households. France
ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's
government has maintained France's commitment to meeting the budget deficit
target of 3% of GDP during 2013 even amid signs that economic growth will be
lower than the government's forecast of 0.8%. Despite stagnant growth and
fiscal challenges, France's borrowing costs declined during the second half of
2012 to euro-era lows.
Source
: CIA
Company Name ETABLISSEMENTS GINDRE DUCHAVANY
Company Registration 95550881700090
Country FR
Activity Code 2444Z
Activity Description Copper production
Company Status Economically active
Latest Turnover 310,633,050.00 (EUR)
Latest ShareholdersEquity 28,153,072.00 (EUR)
Profit Before Tax 3,666,296.00 (EUR)
Activities Activity Code 2444Z
Activity Description Métallurgie du cuivre
Basic Information
Company Name
ETABLISSEMENTS
GINDRE DUCHAVANY
Registered Company Name ETABLISSEMENTS GINDRE DUCHAVANY
Company Registration Number 95550881700090
Country
FR
VAT Registration Number FR20955508817
Date Date of Company Registration 01/06/1955
Date of Starting Operations 01/01/1955
Legal Form Simplified
Joint Stock Company with Single Associate
Type of Ownership
Company Status
Economically active
Principal Activity Code 2444Z
Principal Activity Description Métallurgie du cuivre
Contact Address 131 RUE DE CREQUI 69006 LYON 6EME
Contact Telephone Number 0472460900
Main
Address
Address
131
RUE DE CREQUI 69006 LYON 6EME
Country
FR
Telephone
04 72 46 09 00
Other
Addresses
Address
131
RUE DE CREQUI 69006 LYON 6EME
Country
FR
Address
LYON
6EME, 69006
Country
FR
Address
PONT
DE CHERUY, 38230
Country
FR
Name Mme PUNZ GABRIELE
Gender
Female
Date
of Birth 21/12/1972
Position
President
Name M LUNEAU FRANÇOIS GEORGES PIERRE
Gender
Male
Date
of Birth 26/09/1968
Position
Managing
director
PREVIOUS
DIRECTORS MANAGERS
Name BANQUE DE VIZILLE
Position
Administrator
Name MME CELINE BARBOSA
Gender
Female
Position
Administrator
Name M BRUNO LACROIX
Gender
Male
Position
Administrator
Name M FABRICE LAMY
Gender
Male
Position
Administrator
Name SOCIETE COPARMAT
Position
Administrator
Nominal
Share Capital 7,989,600.00
(EUR)
Company Name Registration
Number Status Last
Financials
1 M.U.S.T
PRIVATSTIFTUNG
2 A-TEC INDUSTRIES
AG
3 A-TEC MINERALS
& METALS HOLDING GMBH
4 A-TEC MINERALS
& METALS MANAGEMENT GMBH
5 ETABLISSEMENTS
GINDRE DUCHAVANY 955508817
31/12/2011
6 METELEC LIMITED 04416364
31/12/2011
6 KUPFERRHEYDT
GmbH HRB
6342 31/12/2011
6 GINDRE
COMPOSANTS
315064188 31/12/2011
6 GINDRE COPPER
LLC
6 GINDRE TORNS B63939482
31/12/2011
6 GINDRE INDIA
COMPONENTS LTD
5 MONTANWERKE
BRIXLEGG AG
6 ETABLISSEMENTS
GINDRE DUCHAVANY 955508817
31/12/2011
7 METELEC LIMITED 04416364
31/12/2011
7 KUPFERRHEYDT
GmbH HRB
6342 31/12/2011
7 GINDRE
COMPOSANTS 315064188 31/12/2011
7 GINDRE COPPER
LLC
7 GINDRE TORNS B63939482
31/12/2011
7 GINDRE INDIA
COMPONENTS LTD
6 KOVOHUTY AS
6 MONTANWERKE
BRIXLEGG WASSERKRAFTWERKE GMBH
3 E-TEC
BETEILIGUNGSVERWALTUNGS GMBH
4 AE&E ENERGY
AG
5 AE&E GROUP
GMBH
6 AE & E Inova
Holding AG in Liquidation CHE102663910
7 AE&E INOVA
AG
7 AE&E INC
6 AE&E AUSTRIA
GMBH
6 AE&E POWER
PLANT SYSTEMS GMBH
6 AUSTRIAN ENERGY
& ENVIRONMENT GERMANY GMBH
7 AE&E Inova
GmbH HRB
63407 31/12/2009
7 AE&E LENTJES
GMBH
6 BABCOCK POWER
ESPAŃA A95175709
31/12/2009
6 AE&E DURO
DAKOVIC TEP D.O.O.
6 AE&E CZ
S.R.O
6 OOO AE&E
6 AE&E
AUSTRALIA PTY LTD
6 AE&E CHENNAI
WORKS PRIVATE LTD
6 AE&E I.D.E.A
INDIA PRIVATE LTD
6 AE&E ENERGY
& ENVIRONMENT PTY LTD
4 A-TEC
LIEGENSCHAFTSVERWALTUNGS GMBH
4 JET-EXPRESS
ANLAGENVERMIETUNGS GMBH
4 A-TEC
BETEILIGUNGS GMBH
3 A-TEC MECHANICAL
ENGINEERING HOLDING GMBH
4 A-TEC Mechanical
Engineering Investment GmbH HRB
12870 31/12/2011
5 DORRIES SCHARMANN
TECHNOLOGIE GMBH
6 DS TECHNOLOGY
INC
6 DS TECH LIMITED
07931869
6 DST SERVICE CENTER GMBH & CO KG
4 EMCO MAIER GMBH
5 EMCO ITALIA
S.R.L. 12589470157
5 EMCO FAMUP
S.R.L.
04231780968
5 EMCO MECOF SRL
5 INTOS SPOL. SRO
5 MAGDEBURG
WERKZEUGMASCHINEN GMBH
4 MEXPOL
WERKZEUGMASCHINEN GMBH
3 ENERGY
INVESTMENT KRAFTWERKSERRICHTUNGS AG
3 ATB AUSTRIA
ANTRIEBSTECHNIK FN80022F
31/12/2012
4 ATB MOTORENWERKE
GMBH
4 ATB
Antriebstechnik GmbH HRB
282126 31/12/2011
5 ATB
MOTORENTECHNIK GMBH
4 ATB TECHNOLOGIES
GMBH
4 ATB SEVER AD
5 ATB FOD DOO
4 ATB MORLEY
LIMITED
04036931 31/12/2011
5 ATB LAURENCE
SCOTT LIMITED 06241009
31/12/2012
4
LINDETEVES-JACOBERG 427807
31/12/2012
5 SCHORCH
ELEKTRISCHE MASCHINEN U. ANTRIEBE GMBH
5 FABRYKA SILNIKOW
ELEKTRYCZNYCH TAMEL SA
5 ATB SPECIAL
PRODUCTS LIMITED
00476716 31/12/2012
5 BROOK CROMPTON
LTD
5 BROOK CROMPTON MOTOR USA INC
Affiliate Name A-TEC INDUSTRIES AG
Affiliate ID
Country AT
Affiliate Name A-TEC MINERALS
& METALS HOLDING GMBH
Affiliate ID
Country AT
Affiliate Name A-TEC MINERALS & METALS MANAGEMENT GMBH
Affiliate ID
Country AT
Affiliate Name MONTANWERKE BRIXLEGG AG
Affiliate ID
Country AT
Affiliate Name KOVOHUTY AS
Affiliate ID
Country SK
Affiliate Name MONTANWERKE
BRIXLEGG WASSERKRAFTWERKE GMBH
Affiliate ID
Country AT
Affiliate Name E-TEC BETEILIGUNGSVERWALTUNGS GMBH
Affiliate ID
Country AT
Affiliate Name AE&E ENERGY AG
Affiliate ID
Country AT
Affiliate Name AE&E GROUP GMBH
Affiliate ID
Country AT
Affiliate Name AE & E Inova Holding AG in Liquidation
Affiliate ID CH006/X/CHE102663910
Country CH
Affiliate Name AE&E INOVA AG
Affiliate ID
Country CH
Affiliate Name AE&E INC
Affiliate ID
Country US
Affiliate Name AE&E AUSTRIA
GMBH
Affiliate ID
Country AT
Affiliate Name AE&E POWER
PLANT SYSTEMS GMBH
Affiliate ID
Country AT
Affiliate Name AUSTRIAN ENERGY
& ENVIRONMENT GERMANY GMBH
Affiliate ID
Country DE
Affiliate Name AE&E Inova GmbH
Affiliate ID
Country DE
Affiliate Name AE&E LENTJES GMBH
Affiliate ID
Country DE
Affiliate Name BABCOCK POWER ESPAŃA
Affiliate ID ES022/X/A95175709
Country ES
Affiliate Name AE&E DURO DAKOVIC TEP D.O.O.
Affiliate ID
Country HR
Affiliate Name AE&E CZ S.R.O
Affiliate ID
Country CZ
Affiliate Name OOO AE&E
Affiliate ID
Country RU
Affiliate Name AE&E AUSTRALIA PTY LTD
Affiliate ID
Country AU
Affiliate Name AE&E CHENNAI WORKS PRIVATE LTD
Affiliate ID
Country IN
Affiliate Name AE&E I.D.E.A INDIA PRIVATE LTD
Affiliate ID
Country IN
Affiliate Name AE&E ENERGY & ENVIRONMENT PTY LTD
Affiliate ID
Country ZA
Affiliate Name A-TEC LIEGENSCHAFTSVERWALTUNGS GMBH
Affiliate ID
Country AT
Affiliate Name JET-EXPRESS
ANLAGENVERMIETUNGS GMBH
Affiliate ID
Country AT
Affiliate Name A-TEC BETEILIGUNGS GMBH
Affiliate ID
Country AT
Affiliate Name A-TEC MECHANICAL ENGINEERING HOLDING GMBH
Affiliate ID
Country AT
Affiliate Name A-TEC Mechanical Engineering Investment GmbH
Affiliate ID
Country DE
Affiliate Name DORRIES SCHARMANN TECHNOLOGIE GMBH
Affiliate ID
Country DE
Affiliate Name DS TECHNOLOGY INC
Affiliate ID
Country US
Affiliate Name DS TECH LIMITED
Affiliate ID GB003/0/07931869
Country GB
Affiliate Name DST SERVICE CENTER GMBH & CO KG
Affiliate ID
Country DE
Affiliate Name EMCO MAIER GMBH
Affiliate ID
Country AT
Affiliate Name EMCO ITALIA S.R.L.
Affiliate ID IT013/X/12589470157
Country IT
Affiliate Name EMCO FAMUP S.R.L.
Affiliate ID IT013/X/04231780968
Country IT
Affiliate Name EMCO MECOF SRL
Affiliate ID
Country IT
Affiliate Name INTOS SPOL. SRO
Affiliate ID
Country CZ
Affiliate Name MAGDEBURG WERKZEUGMASCHINEN GMBH
Affiliate ID
Country DE
Affiliate Name MEXPOL
WERKZEUGMASCHINEN GMBH
Affiliate ID
Country DE
Affiliate Name ENERGY INVESTMENT
KRAFTWERKSERRICHTUNGS AG
Affiliate ID
Country AT
Affiliate Name ATB AUSTRIA ANTRIEBSTECHNIK
Affiliate ID AT025/X/FN80022F
Country AT
Affiliate Name ATB MOTORENWERKE GMBH
Affiliate ID
Country AT
Affiliate Name ATB Antriebstechnik GmbH
Affiliate ID
Country DE
Affiliate Name ATB MOTORENTECHNIK GMBH
Affiliate ID
Country DE
Affiliate Name ATB TECHNOLOGIES GMBH
Affiliate ID
Country AT
Affiliate Name ATB SEVER AD
Affiliate ID
Country RS
Affiliate Name ATB FOD DOO
Affiliate ID
Country RS
Affiliate Name ATB MORLEY LIMITED
Affiliate ID GB003/0/04036931
Country GB
Affiliate Name ATB LAURENCE SCOTT
LIMITED
Affiliate ID GB003/0/06241009
Country GB
Affiliate Name LINDETEVES-JACOBERG
Affiliate ID
Country SG
Affiliate Name SCHORCH ELEKTRISCHE MASCHINEN U. ANTRIEBE
GMBH
Affiliate ID
Country DE
Affiliate Name FABRYKA SILNIKOW
ELEKTRYCZNYCH TAMEL SA
Affiliate ID
Country PL
Affiliate Name ATB SPECIAL PRODUCTS LIMITED
Affiliate ID GB003/0/00476716
Country GB
Affiliate Name BROOK CROMPTON LTD
Affiliate ID
Country CA
Affiliate Name BROOK CROMPTON
MOTOR USA INC
Affiliate ID
Country US
Year 2011
Number of
Employees 0
Year 2010
Number of
Employees 0
Year 2009
Number of Employees 0
PROFIT & LOSS
Financial Year 2011 2010
2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 304,336,214.00 269,420,751.00 170,019,881.00
Operating Costs 302,628,860.00 259,448,421.00 161,695,172.00
Operating Profit 1,707,354.00 9,972,330.00 8,324,709.00
Wages &
Salaries 8,399,905.00 7,618,767.00 7,388,281.00
Pension Costs 3,782,500.00 3,916,506.00 3,540,454.00
Depreciation 1,036,670.00 1,022,613.00 937,477.00
Financial Income 963,749.00 1,910,196.00 4,160,854.00
Financial Expenses
1,272,192.00 3,650,643.00 2,445,495.00
Extraordinary
Income 2,691,477.00 7,698,696.00 612,203.00
Extraordinary
Costs 95,125.00 10,964,228.00 84,285.00
Profit Before Tax 3,666,296.00 4,712,132.00 10,050,329.00
Tax 976,317.00 1,264,227.00 2,172,914.00
Profit After Tax 2,689,979.00 3,447,905.00 7,877,415.00
Dividends 0.00 0.00 0.00
Retained Profit 2,689,979.00 3,447,905.00 7,877,415.00
BALANCE SHEET
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land &
Buildings 6,388,685.00 6,652,310.00 6,963,199.00
Plant &
Machinery 2,103,645.00 2,067,289.00 1,848,271.00
Other Tangible
Assets 1,271,860.00 1,078,810.00 1,132,117.00
Total Tangible
Assets 9,764,190.00 9,798,409.00 9,943,587.00
Goodwill 0.00 0.00 0.00
Other Intangible
Assets 206,953.00 165,359.00 154,584.00
Total Intangible
Assets 206,953.00 165,359.00 154,584.00
Investments 4,502,536.00 4,303,442.00 4,103,442.00
Loans to Group 470,266.00 385,000.00 0.00
Other Loans 414,367.00 379,168.00 359,758.00
Miscellaneous
Fixed Assets 2,098,883.00 2,452,744.00 1,927,375.00
Total Other Fixed
Assets 7,486,052.00 7,520,354.00 6,390,575.00
Total Fixed Assets
17,457,195.00 17,484,122.00 16,488,746.00
Raw Materials 12,779,784.00 14,568,558.00 6,926,363.00
Work in Progress 3,111,237.00 3,456,047.00 2,893,631.00
Finished Goods 18,475,897.00 24,884,312.00 16,356,736.00
Other Inventories 0.00 0.00 0.00
Total Inventories 34,366,918.00 42,908,917.00 26,176,730.00
Trade Receivables 18,312,055.00 15,159,168.00 13,334,341.00
Miscellaneous
Receivables 5,912,973.00 8,188,917.00
4,347,918.00
Total Receivables 24,225,028.00 23,348,085.00 17,682,259.00
Cash 413,796.00 389,204.00 956,634.00
Other Current
Assets 369,288.00 246,354.00 355,745.00
Total Current
Assets 59,375,030.00 66,892,560.00 45,171,368.00
Total Assets 76,832,225.00 84,376,682.00 61,660,114.00
Trade Payables 20,904,507.00 26,192,532.00 19,432,153.00
Bank Liabilities 16,200,694.00 18,356,822.00 4,247,254.00
Other
Loans/Finance 550,233.00 502,205.00 15,536.00
Miscellaneous
Liabilities 10,729,577.00 8,480,983.00 8,574,530.00
Total Current
Liabilities 48,385,011.00 53,532,542.00 32,269,473.00
Bank Liabilities
due after 1 year 0.00 0.00 1,260,142.00
Other
Loans/Finance due
after 1 year 0.00 0.00 398,088.00
Miscellaneous
Liabilities
due after 1 year 294,143.00 1,383,646.00 1,219,695.00
Total Long Term
Liabilities 294,143.00 1,383,646.00 2,877,925.00
Total Liabilities 48,679,154.00 54,916,188.00 35,147,398.00
Called Up Share
Capital 7,989,600.00 7,989,600.00 7,989,600.00
Share Premium 2,512,253.00 2,512,253.00 2,512,253.00
Revenue Reserves 7,767,173.00 7,074,594.00 7,785,754.00
Other Reserves 9,884,046.00 11,884,046.00 8,225,107.00
Total Shareholders
Equity 28,153,072.00 29,460,493.00 26,512,714.00
Other Financials
Working Capital 10,990,019.00 13,360,018.00 12,901,895.00
Net Worth 27,946,119.00 29,295,134.00 26,358,130.00
RATIOS
Return on Capital
Employed 0.41 1.40 1.49
Stock Turnover
Ratio 11.06 16.51 15.95
Debtor Days 21.00 21.00 29.00
Creditor Days 26.00 38.00 48.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.94.21 |
|
Euro |
1 |
Rs.81.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.