|
Report Date : |
26.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SI GROUP- BETHUNE |
|
|
|
|
Registered Office : |
1111 Av Georges Washington, Zone Industrielle A, Bp 237 62404 Bethune Cedex |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
01.01.1963 |
|
|
|
|
Com. Reg. No.: |
36320028800019 |
|
|
|
|
Legal Form : |
Simplified Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of plastics in primary forms |
|
|
|
|
No. of Employees : |
98 |
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 : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 4.8% of GDP in 2012, while France's public debt rose from 68% of
GDP to 90% 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 SI GROUP- BETHUNE
Company Registration 36320028800019
Country
FR
Activity Code
2016Z
Activity Description Manufacture of
plastics in primary forms
Company Status Economically
active
Latest Turnover
45,537,838.00
(EUR)
Latest Shareholders Equity 16,614,036.00
(EUR)
Profit Before Tax 4,577,956.00 (EUR)
Activities
Activity Code 2016Z
Activity Description Fabrication de
matières plastiques de base
Basic Information
Company Name SI GROUP- BETHUNE
Registered Company Name SI GROUP- BETHUNE
Company Registration Number 36320028800019
Country FR
VAT Registration Number FR70363200288
Date of Company Registration 01/04/1963
Date of Starting Operations 01/01/1963
Commercial Court Legal Form Simplified joint
stock company
Company Status Economically
active
Principal Activity Code
2016Z
Principal Activity Description Fabrication de
matières plastiques debase
Contact Address 1111 AV GEORGES
WASHINGTON, ZONE INDUSTRIELLE
A, BP 237 62404 BETHUNE CEDEX
Contact Telephone Number
0321686767
Address 1111 AV GEORGES
WASHINGTON, ZONE INDUSTRIELLE A, BP 237 62404 BETHUNE CEDEX
Country FR
Telephone 03 21 68 67 67
Other Addresses
Address 1111 AV GEORGES
WASHINGTON, ZONE INDUSTRIELLE A, BP 237 62404 BETHUNE CEDEX
Country FR
Address BETHUNE, 62400
Country FR
Name M HALLER STEPHEN
Gender Male
Date of Birth 02/08/1961
Position President
PREVIOUS DIRECTORS MANAGERS
Name M STEPHEN HALLER
Gender Male
Date of Birth 02/08/1961
Position President
Name M EMMANUEL HESS
Gender Male
Date of Birth 28/07/1956
Position President
Name M GRAHAM
Gender Male
Position Vice-president
Name HEATHER
Position Administrator
Share Capital Structure
Nominal Share Capital 4,800,000.00 (EUR)
Employee Information
Year 2011
Number of Employees 98
Year 2010
Number of Employees 99
Year 2009
Number of Employees 100
Profit & Loss
|
Financial Year
|
2011 |
2010 |
2009 |
|
Number of Weeks
|
52 |
52 |
52 |
|
Currency
|
EUR |
EUR |
EUR |
|
Revenue
|
47,987,937.00 |
42,938,921.00 |
32,828,855.00 |
|
Operating
Costs |
43,335,728.00 |
39,339,323.00 |
30,782,863.00 |
|
Operating Profit |
4,652,209.00 |
3,599,598.00 |
2,045,992.00 |
|
Wages & Salaries |
3,800,559.00 |
3,859,886.00 |
3,643,700.00 |
|
Pension
Costs |
1,974,906.00 |
1,975,884.00 |
1,819,290.00 |
|
Depreciation |
1,968,233.00 |
2,010,945.00 |
2,188,032.00 |
|
Financial
Income |
359,797.00 |
288,626.00 |
345,687.00 |
|
Financial
Expenses |
318,018.00 |
434,203.00 |
329,528.00 |
|
Extraordinary Income |
571,631.00 |
588,327.00 |
1,130,777.00 |
|
Extraordinary Costs |
336,929.00 |
271,577.00 |
350,573.00 |
|
Profit
Before Tax |
4,577,956.00 |
3,521,487.00 |
2,656,035.00 |
|
Tax |
1,616,724.00 |
1,211,436.00 |
928,628.00 |
|
Profit
After Tax |
2,961,232.00 |
2,310,051.00 |
1,727,407.00 |
|
Dividends
|
2,650,000.00 |
3,000,000.00 |
2,300,000.00 |
|
Retained
Profit |
311,232.00 |
-689,949.00 |
-572,593.00 |
Balance Sheet
|
Financial Year
|
2011 |
2010 |
2009 |
|
Number of Weeks
|
52 |
52 |
52 |
|
Currency
|
EUR |
EUR |
EUR |
|
Land & Buildings |
2,276,739.00 |
2,377,066.00 |
2,427,479.00 |
|
Plant & Machinery |
7,279,418.00 |
8,182,314.00 |
8,944,084.00 |
|
Other
Tangible Assets |
1,061,077.00 |
583,143.00 |
560,687.00 |
|
Total Tangible
Assets |
10,617,234.00 |
11,142,523.00 |
11,932,250.00 |
|
Goodwill
|
231,898.00 |
231,899.00 |
231,899.00 |
|
Other
Intangible Assets |
114,718.00 |
137,330.00 |
24,579.00 |
|
Total Intangible Assets |
346,616.00 |
369,229.00 |
256,478.00 |
|
Investments |
0.00 |
0.00 |
0.00 |
|
Loans to Group |
0.00 |
0.00 |
0.00 |
|
Other Loans |
0.00 |
0.00 |
0.00 |
|
Miscellaneous Fixed Assets |
4,504,364.00 |
18,084.00 |
19,526.00 |
|
Total Other Fixed Assets
|
4,504,364.00 |
18,084.00 |
19,526.00 |
|
Total Fixed Assets
|
15,468,214.00 |
11,529,836.00 |
12,208,254.00 |
|
Raw Materials
|
963,370.00 |
832,708.00 |
474,782.00 |
|
Work in Progress
|
208,716.00 |
104,078.00 |
52,317.00 |
|
Finished
Goods |
1,841,460.00 |
1,310,603.00 |
1,507,880.00 |
|
Other
Inventories |
642,369.00 |
458,938.00 |
400,349.00 |
|
Total Inventories |
3,655,915.00 |
2,706,327.00 |
2,435,328.00 |
|
Trade Receivables |
6,260,044.00 |
6,542,988.00 |
6,126,089.00 |
|
Miscellaneous Receivables |
582,346.00 |
667,318.00 |
690,031.00 |
|
Total Receivables |
6,842,390.00 |
7,210,306.00 |
6,816,120.00 |
|
Cash |
3,529,708.00 |
5,633,600.00 |
3,971,272.00 |
|
Other
Current Assets |
119,753.00 |
128,956.00 |
138,634.00 |
|
Total Current
Assets |
14,147,766.00 |
15,679,189.00 |
13,361,354.00 |
|
Total Assets
|
29,615,980.00 |
27,209,025.00 |
25,569,608.00 |
|
Trade Payables |
4,294,280.00 |
6,791,294.00 |
5,543,665.00 |
|
Bank Liabilities |
0.00 |
0.00 |
0.00 |
|
Other Loans/Finance |
832,238.00 |
614,635.00 |
427,594.00 |
|
Miscellaneous Liabilities |
2,283,650.00 |
2,231,987.00 |
1,903,013.00 |
|
Total Current Liabilities |
7,410,168.00 |
9,637,916.00 |
7,874,272.00 |
|
Bank Liabilities due after 1 year |
0.00 |
0.00 |
0.00 |
|
Other Loans/Finance
due after 1 year |
5,452,064.00 |
294,949.00 |
175,217.00 |
|
Miscellaneous Liabilities due after 1 year |
139,711.00 |
748,425.00 |
50,959.00 |
|
Total Long Term Liabilities |
5,591,775.00 |
1,043,374.00 |
226,176.00 |
|
Total Liabilities |
13,001,943.00 |
10,681,290.00 |
8,100,448.00 |
|
Called Up Share Capital |
4,800,000.00 |
4,800,000.00 |
4,800,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue Reserves |
8,397,633.00 |
8,086,402.00 |
8,776,350.00 |
|
Other Reserves |
3,416,403.00 |
3,641,332.00 |
3,892,810.00 |
|
Total Shareholders Equity |
16,614,036.00 |
16,527,734.00 |
17,469,160.00 |
|
Other Financials |
|
|
|
|
Working Capital |
6,737,598.00 |
6,041,273.00 |
5,487,082.00 |
|
Net Worth |
16,267,420.00 |
16,158,505.00 |
17,212,682.00 |
|
|
|
|
|
|
Ratios |
|
|
|
|
Return on Capital Employed |
0.70 |
1.05 |
1.04 |
|
Stock Turnover Ratio |
8.03 |
6.54 |
7.65 |
|
Debtor Days |
47.00 |
54.00 |
66.00 |
|
Creditor Days |
42.00 |
78.00 |
83.00 |
|
Liquidity Ratio/Acid Test |
1.13 |
0.78 |
0.91 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
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.