|
Report Date : |
02.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
RENAULT SAS |
|
|
|
|
Registered Office : |
13-15 Quai le
Gallo Boulogne Billancourt, 92100 |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1945 |
|
|
|
|
Com. Reg. No.: |
780129987 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
36,735 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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
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.
Source : CIA
Renault SAS
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Business Description
|
Design, manufacture, repair, distribution
and rental of motor vehicles including passenger cars, LCVs (light commecial
vehicles) and agricultural vehicles. The company also has a finace division
providing services to purchasers of Renault vehicles including traditional
instalment credit, leasing and long-term rental financing, as well as
wholesale financing to the Group's international dealership network |
Industry
|
Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
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Key Executives
|
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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Renault SAS |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Boulogne-Billancourt |
France |
Auto and Truck Manufacturers |
59,272.3 |
128,322 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Manufacturers |
47,980.4 |
36,735 |
|
|
Subsidiary |
Mioveni, Jud Arges |
Romania |
Auto and Truck Manufacturers |
|
13,652 |
|
|
Subsidiary |
Bucuresti |
Romania |
Computer Services |
5.0 |
142 |
|
|
Subsidiary |
Clamart |
France |
Retail (Specialty) |
5,821.3 |
8,021 |
|
|
Subsidiary |
Clamart |
France |
Business Services |
6.2 |
34 |
|
|
Subsidiary |
Buc |
France |
Business Services |
4.1 |
34 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
41.0 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Manufacturers |
596.7 |
6,600 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Manufacturers |
399.3 |
6,200 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Manufacturers |
785.7 |
5,985 |
|
|
Subsidiary |
Bursa |
Turkey |
Auto and Truck Manufacturers |
|
5,877 |
|
|
Subsidiary |
Busan |
Korea, Republic of |
Auto and Truck Manufacturers |
4,496.4 |
5,745 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Parts |
754.4 |
5,316 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Auto and Truck Manufacturers |
2,096.4 |
4,887 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Manufacturers |
887.1 |
3,499 |
|
|
Subsidiary |
Villeurbanne |
France |
Auto and Truck Manufacturers |
31.3 |
749 |
|
|
Subsidiary |
Maubeuge |
France |
Auto and Truck Parts |
336.7 |
3,314 |
|
|
Subsidiary |
Noisy-Le-Grand |
France |
Commercial Banks |
2,585.2 |
2,830 |
|
|
Subsidiary |
Noisy le Grand |
France |
Consumer Financial Services |
|
1,900 |
|
|
Subsidiary |
Noisy le Grand |
France |
Rental and Leasing |
1,222.8 |
|
|
|
Subsidiary |
Noisy Le Grand |
France |
Miscellaneous Financial Services |
80.5 |
|
|
|
Subsidiary |
Neuss, Nordrhein-Westfalen |
Germany |
Business Services |
30.6 |
250 |
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
195.6 |
164 |
|
|
Branch |
Madrid |
Spain |
Consumer Financial Services |
|
162 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Consumer Financial Services |
293.6 |
101 |
|
|
Subsidiary |
Schiphol-Rijk |
Netherlands |
Business Services |
|
55 |
|
|
Companhia de Credito Financiamento E Investimento
Renault Do Brasil |
Subsidiary |
Curitiba, Parana |
Brazil |
Consumer Financial Services |
5.4 |
45 |
|
Subsidiary |
Lisboa |
Portugal |
Consumer Financial Services |
425.4 |
10 |
|
|
Subsidiary |
Barueri, Sao Paulo |
Brazil |
Consumer Financial Services |
0.1 |
10 |
|
|
Subsidiary |
Praha 8 |
Czech Republic |
Business Services |
3.1 |
9 |
|
|
Subsidiary |
Sao Jose Dos Pinhais, Parana |
Brazil |
Consumer Financial Services |
1.2 |
1 |
|
|
Subsidiary |
Curitiba, Parana |
Brazil |
Investment Services |
0.4 |
3 |
|
|
Subsidiary |
Curitiba, PR |
Brazil |
Consumer Financial Services |
300.4 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Business Services |
10.9 |
|
|
|
Branch |
Roma, RM |
Italy |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Batilly |
France |
Auto and Truck Manufacturers |
1,979.7 |
2,488 |
|
|
Subsidiary |
Voluntari |
Romania |
Engineering Consultants |
175.4 |
1,988 |
|
|
Subsidiary |
ChĂa, Cundinamarca |
Colombia |
Auto and Truck Manufacturers |
773.8 |
1,500 |
|
|
C.A.C.I.A. - Companhia Aveirense de Componentes para
a IndĂºstria AutomĂ³vel SA |
Subsidiary |
Cacia, Aveiro |
Portugal |
Auto and Truck Parts |
333.3 |
1,005 |
|
Subsidiary |
Casablanca |
Morocco |
Auto and Truck Manufacturers |
428.4 |
1,000 |
|
|
Subsidiary |
Ruitz |
France |
Auto and Truck Parts |
228.3 |
749 |
|
|
Subsidiary |
Mioveni |
Romania |
Auto and Truck Parts |
155.2 |
638 |
|
|
Subsidiary |
Chipping Norton |
United Kingdom |
Recreational Activities |
185.4 |
500 |
|
|
UK Branch/Trading address |
Oxford |
United Kingdom |
Recreational Activities |
185.4 |
|
|
|
Subsidiary |
St Andre De L Eure |
France |
Miscellaneous Transportation |
80.1 |
477 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Auto and Truck Parts |
|
443 |
|
|
Subsidiary |
Roma, Roma |
Italy |
Retail (Specialty) |
9.1 |
72 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Manufacturing |
3.7 |
19 |
|
|
Subsidiary |
Dieppe |
France |
Auto and Truck Manufacturers |
134.7 |
374 |
|
|
Subsidiary |
Viry Chatillon |
France |
Auto and Truck Manufacturers |
|
374 |
|
|
Subsidiary |
Les Ulis |
France |
Recreational Activities |
68.7 |
137 |
|
|
Subsidiary |
Roma |
Italy |
Auto and Truck Manufacturers |
2,416.4 |
295 |
|
|
Subsidiary |
Roma, Roma |
Italy |
Retail (Specialty) |
317.2 |
320 |
|
|
Subsidiary |
Dublin |
Ireland |
Auto and Truck Parts |
|
50 |
|
|
Subsidiary |
Warszawa |
Poland |
Retail (Specialty) |
|
215 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Auto and Truck Manufacturers |
206.2 |
188 |
|
|
Subsidiary |
Bucuresti |
Romania |
Retail (Specialty) |
203.2 |
132 |
|
|
Subsidiary |
Porto Salvo |
Portugal |
Auto and Truck Manufacturers |
538.2 |
127 |
|
|
Subsidiary |
Cacia, Aveiro |
Portugal |
Auto and Truck Parts |
383.3 |
983 |
|
|
Renault Retail Group Chelas - Comércio E
ReparaĂ§Ă£o De VeĂculos, LDA |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Specialty) |
106.4 |
156 |
|
Renault Retail Group Boavista - Comércio E
ReparaĂ§Ă£o De VeĂculos, S.A. |
Subsidiary |
Porto, Porto |
Portugal |
Retail (Specialty) |
50.2 |
123 |
|
Hungarian Alliance Logistics Logisztikai Es
Raktarozasi Korlatolt Felelossegu Tarsasag |
Subsidiary |
Gyor |
Hungary |
Miscellaneous Transportation |
8.9 |
80 |
|
Subsidiary |
Heudebouville |
France |
Auto and Truck Manufacturers |
81.6 |
74 |
|
|
Subsidiary |
Le Plessis Robinson |
France |
Miscellaneous Fabricated Products |
|
74 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Auto and Truck Parts |
11.4 |
46 |
|
|
Subsidiary |
Lausanne |
Switzerland |
Miscellaneous Financial Services |
|
21 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Retail (Specialty) |
10.6 |
7 |
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
|
7 |
|
|
Subsidiary |
Villiers Saint Fréderic |
France |
Auto and Truck Manufacturers |
189.7 |
4 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Consumer Financial Services |
8.1 |
2 |
|
|
Subsidiary |
Casablanca |
Morocco |
Auto and Truck Manufacturers |
490.0 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Miscellaneous Capital Goods |
184.4 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Real Estate Operations |
164.1 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
136.5 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
114.2 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
13.5 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
5.6 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Business Services |
0.9 |
|
|
|
Subsidiary |
Le Plessis Robinson |
France |
Electronic Instruments and Controls |
0.2 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Miscellaneous Financial Services |
0.0 |
|
|
|
Subsidiary |
Lisboa, Lisboa |
Portugal |
Business Services |
0.0 |
|
|
|
Renault Retail Group Telheiras - Comércio E
ReparaĂ§Ă£o De VeĂculos, LDA |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Specialty) |
32.9 |
67 |
|
Subsidiary |
Bucharest |
Romania |
Auto and Truck Manufacturers |
250.0 |
28,000 |
|
|
Subsidiary |
Valladolid |
Spain |
Auto and Truck Manufacturers |
6,594.4 |
10,465 |
|
|
Subsidiary |
Esplugues De Llobregat, Barcelona |
Spain |
Retail (Specialty) |
104.5 |
117 |
|
|
Subsidiary |
Burjassot, Valencia |
Spain |
Retail (Specialty) |
102.3 |
113 |
|
|
Subsidiary |
Madrid |
Spain |
Retail (Specialty) |
18.8 |
86 |
|
|
Subsidiary |
Castellon De La Plana, Castellon |
Spain |
Water Transportation |
10.8 |
39 |
|
|
Subsidiary |
Curitiba, PR |
Brazil |
Auto and Truck Manufacturers |
5,128.9 |
4,800 |
|
|
Subsidiary |
Guyancourt |
France |
Auto and Truck Manufacturers |
|
4,000 |
|
|
Joint Venture |
HAISNES |
France |
Miscellaneous Capital Goods |
2,140.2 |
3,959 |
|
|
Revoz, podjetje za proizvodnjo in komercializacijo
avtomobilov Novo mesto, d.d. |
Subsidiary |
Novo mesto |
Slovenia |
Auto and Truck Manufacturers |
1,567.8 |
2,349 |
|
Subsidiary |
Cordoba, Cordoba |
Argentina |
Auto and Truck Manufacturers |
977.3 |
2,064 |
|
|
Joint Venture |
Annecy |
France |
Miscellaneous Fabricated Products |
|
1,000 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Specialty) |
656.8 |
879 |
|
|
UK Branch/Trading address |
Coulsdon |
United Kingdom |
Retail (Specialty) |
656.8 |
94 |
|
|
Subsidiary |
Bruhl |
Germany |
Retail (Specialty) |
4,304.8 |
800 |
|
|
Subsidiary |
MĂ¼nchen |
Germany |
Auto and Truck Parts |
75.0 |
|
|
|
Joint Venture |
BrĂ¼hl, Nordrhein-Westfalen |
Germany |
Auto and Truck Manufacturers |
1,432.5 |
475 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
|
660 |
|
|
Subsidiary |
Hamburg |
Germany |
Retail (Specialty) |
80.0 |
104 |
|
|
Subsidiary |
Frankfurt |
Germany |
Retail (Specialty) |
168.0 |
82 |
|
|
Subsidiary |
BrĂ¼hl, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
|
80 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
|
80 |
|
|
Subsidiary |
Luckau |
Germany |
Auto and Truck Parts |
112.0 |
50 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Auto and Truck Parts |
995.9 |
400 |
|
|
Subsidiary |
Tandil, Buenos Aires |
Argentina |
Miscellaneous Fabricated Products |
75.0 |
214 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Retail (Specialty) |
75.0 |
100 |
|
|
Subsidiary |
Los Andes, Los Andes |
Chile |
Auto and Truck Parts |
75.0 |
|
|
|
Subsidiary |
Valladolid |
Spain |
Auto and Truck Manufacturers |
1,915.3 |
378 |
|
|
Subsidiary |
Tehran |
Iran |
Auto and Truck Manufacturers |
|
270 |
|
|
Subsidiary |
Drogenbos |
Belgium |
Auto and Truck Manufacturers |
200.0 |
232 |
|
|
Subsidiary |
Ans |
Belgium |
Construction Services |
25.3 |
130 |
|
|
Subsidiary |
Sint-Job-In-'t-Goor |
Belgium |
Construction Services |
4.5 |
10 |
|
|
Subsidiary |
Beauraing |
Belgium |
Construction - Supplies and Fixtures |
2.4 |
9 |
|
|
Subsidiary |
Manage |
Belgium |
Business Services |
0.0 |
9 |
|
|
Subsidiary |
Fleurus |
Belgium |
Printing Services |
0.0 |
6 |
|
|
Subsidiary |
Rickmansworth |
United Kingdom |
Retail (Specialty) |
1,745.1 |
219 |
|
|
Subsidiary |
Rickmansworth |
United Kingdom |
Business Services |
4.6 |
40 |
|
|
Subsidiary |
MĂ©xico, D.F. |
Mexico |
Retail (Specialty) |
259.9 |
150 |
|
|
Subsidiary |
Leganes, Madrid |
Spain |
Auto and Truck Parts |
20.6 |
131 |
|
|
Joint Venture |
Urdorf |
Switzerland |
Auto and Truck Manufacturers |
938.6 |
120 |
|
|
Subsidiary |
Warsaw |
Poland |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Granada |
Spain |
Retail (Specialty) |
42.3 |
116 |
|
|
Subsidiary |
Kista |
Sweden |
Miscellaneous Capital Goods |
604.1 |
100 |
|
|
Subsidiary |
Valencia, Carabobo |
Venezuela |
Auto and Truck Parts |
75.0 |
100 |
|
|
Subsidiary |
Wien |
Austria |
Auto and Truck Manufacturers |
146.1 |
92 |
|
|
Subsidiary |
Wien, Wien |
Austria |
Business Services |
136.0 |
175 |
|
|
Subsidiary |
Porto Salvo |
Portugal |
Miscellaneous Capital Goods |
|
80 |
|
|
Subsidiary |
Zaragoza |
Spain |
Business Services |
75.0 |
75 |
|
|
Subsidiary |
Kiev |
Ukraine |
Retail (Specialty) |
|
70 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Retail (Specialty) |
34.3 |
59 |
|
|
Subsidiary |
Warsaw |
Poland |
Auto and Truck Parts |
|
50 |
|
|
Subsidiary |
Vienna |
Austria |
Rental and Leasing |
430.2 |
35 |
|
|
Subsidiary |
Urdorf |
Switzerland |
Investment Services |
|
35 |
|
|
Sodicam Portuguesa - Produtos QuĂmicos E
Equipamentos Industriais, LDA |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Retail (Specialty) |
2.5 |
23 |
|
Subsidiary |
Les Acacias |
Switzerland |
Auto and Truck Manufacturers |
0.8 |
4 |
|
|
Subsidiary |
Ljubljana |
Slovenia |
Auto and Truck Manufacturers |
269.4 |
|
|
|
Subsidiary |
Cundinamarca |
Colombia |
Auto and Truck Manufacturers |
250.0 |
|
|
|
Subsidiary |
Boulogne-Billancourt |
France |
Construction Services |
125.0 |
|
|
|
Subsidiary |
Loures |
Portugal |
Auto and Truck Parts |
75.0 |
|
|
|
Subsidiary |
Boulogne Billancourt |
France |
Software and Programming |
30.5 |
|
|
|
Joint Venture |
Schiphol-Rijk |
Netherlands |
Auto and Truck Manufacturers |
0.0 |
|
|
|
Subsidiary |
Rickmansworth |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Cambridge |
United Kingdom |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
|
|
|
|
UK Branch/Trading address |
Uxbridge |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Schiphol-Rijk, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Warszawa |
Poland |
Auto and Truck Manufacturers |
585.5 |
143 |
|
|
Subsidiary |
Praha 8 |
Czech Republic |
Auto and Truck Manufacturers |
587.1 |
85 |
|
|
Subsidiary |
Budapest |
Hungary |
Auto and Truck Manufacturers |
186.9 |
67 |
|
|
Subsidiary |
Bratislava - Petrzalka |
Slovakia |
Auto and Truck Manufacturers |
126.9 |
43 |
|
|
Subsidiary |
Chennai, Tamil Nadu |
India |
Auto and Truck Manufacturers |
62.9 |
|
|
|
Subsidiary |
Algiers |
Algeria |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Paris |
France |
Recreational Products |
|
|
|
|
Subsidiary |
Guyancourt |
France |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Laxou |
France |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Chennai, Tamil Nadu |
India |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Bucharest |
Romania |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Casablanca |
Morocco |
Investment Services |
|
|
|
|
Subsidiary |
Arges |
Romania |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Marsa |
Malta |
Investment Services |
|
|
|
|
Subsidiary |
Rye, NY |
United States |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Maple Cross |
United Kingdom |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Brussels |
Belgium |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Investment Services |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
|
|
Executives
Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.71919 |
0.755078 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
49,845.0 |
44,011.3 |
45,451.1 |
|
Net sales |
47,980.4 |
42,390.3 |
44,203.5 |
|
Change in stock |
-40.3 |
-82.1 |
29.3 |
|
Unfinished work in progress |
-357.3 |
-129.8 |
-782.5 |
|
Own work capitalised |
55.6 |
63.6 |
136.0 |
|
Supplementary operating income |
1,518.4 |
1,124.4 |
1,212.6 |
|
Other operating income |
648.0 |
562.9 |
681.6 |
|
Other external charges |
9,873.6 |
8,967.3 |
11,147.0 |
|
Cost of goods sold |
34,525.0 |
30,610.1 |
30,090.1 |
|
Taxes and social security costs |
300.3 |
266.2 |
440.3 |
|
Social charges |
1,030.3 |
867.5 |
898.1 |
|
Total payroll costs |
2,515.3 |
2,403.7 |
2,779.1 |
|
Cost of stock depreciation and amortisation |
1,517.0 |
1,041.0 |
1,625.0 |
|
Fixed asset depreciation and amortisation |
661.9 |
735.0 |
824.9 |
|
Other operating costs |
123.8 |
96.7 |
90.7 |
|
Total operating costs |
50,506.9 |
44,905.3 |
47,924.5 |
|
Net operating income |
-661.9 |
-893.9 |
-2,473.4 |
|
Total financial income |
1,685.2 |
1,092.6 |
1,769.8 |
|
Interest payable on loans |
154.3 |
- |
536.8 |
|
Other expenses |
79.3 |
872.8 |
583.6 |
|
Total expenses |
233.6 |
872.8 |
1,120.4 |
|
Profit before tax |
791.2 |
-674.1 |
-1,824.0 |
|
Extraordinary income |
540.9 |
4,689.6 |
604.1 |
|
Extraordinary expenses |
447.7 |
2,732.2 |
1,216.9 |
|
Extraordinary result |
93.2 |
1,957.4 |
-612.9 |
|
Total taxation |
-9.7 |
23.8 |
-58.5 |
|
Net profit |
892.7 |
1,259.5 |
- |
|
Net loss |
- |
- |
2,378.3 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
693.2 |
716.4 |
742.3 |
|
Share premium account |
2,687.2 |
2,777.0 |
2,877.4 |
|
Surplus of revaluation |
- |
- |
886.9 |
|
Legal reserves |
698.4 |
- |
685.3 |
|
Total reserves |
2,249.7 |
2,709.9 |
33.4 |
|
Profits for the year |
834.7 |
1,275.8 |
-2,260.2 |
|
Profit brought forward from previous
year(s) |
-778.9 |
-2,080.7 |
-735.3 |
|
Capital subsidies and grants |
- |
732.5 |
- |
|
Total stockholders equity |
6,384.3 |
6,132.2 |
2,229.6 |
|
Provisions and allowances |
2,610.6 |
2,850.8 |
2,967.8 |
|
Trade creditors |
5,595.0 |
6,141.6 |
5,786.8 |
|
Bank loans and overdrafts |
948.9 |
312.6 |
626.9 |
|
Other loans |
2,905.3 |
3,815.4 |
10,810.4 |
|
Other liabilities |
1,460.4 |
1,526.7 |
1,761.2 |
|
Debts on fixed assets |
297.3 |
391.7 |
429.5 |
|
Income stated in advance |
694.5 |
570.2 |
- |
|
Taxation and social security |
1,466.9 |
1,452.9 |
1,098.1 |
|
Total debts |
13,368.3 |
14,211.0 |
20,513.0 |
|
Regularisation account |
59.7 |
83.2 |
544.9 |
|
Total liabilities (including net worth) |
22,422.9 |
23,277.2 |
26,255.3 |
|
Patents |
138.9 |
- |
- |
|
Other intangibles |
- |
- |
91.7 |
|
Land |
14.3 |
240.1 |
11.1 |
|
Buildings |
223.3 |
- |
257.2 |
|
Other fixed assets |
1,573.4 |
1,998.9 |
2,492.4 |
|
Long-term investments |
14,171.9 |
14,856.3 |
14,302.2 |
|
Other financial assets |
943.8 |
923.0 |
2,554.9 |
|
Total non-current assets |
17,065.5 |
18,018.4 |
19,709.5 |
|
Prepayments |
59.7 |
53.7 |
165.4 |
|
Net stocks and work in progress |
1,293.0 |
1,611.2 |
2,080.9 |
|
Trade debtors |
3,119.5 |
2,636.1 |
2,735.6 |
|
Other receivables |
586.8 |
614.4 |
1,145.4 |
|
Prepaid expenses |
231.1 |
225.4 |
218.2 |
|
Cash and liquid assets |
13.0 |
20.1 |
65.3 |
|
Total current assets |
5,302.9 |
5,160.9 |
6,410.9 |
|
Prepaid expenses and deferred costs |
53.2 |
99.3 |
134.8 |
|
Total assets |
22,422.9 |
23,278.6 |
26,255.3 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total liabilities to net worth |
2.16% |
2.36% |
10.24% |
|
Net worth to total assets |
0.28% |
0.26% |
0.08% |
|
Collection period |
21.10 |
18.60 |
19.80 |
|
Stock turnover rate |
34.60 |
26.70 |
20.20 |
|
Asset turnover |
2.00% |
1.85% |
1.60% |
|
Profit margin |
0.02% |
-0.02% |
-0.04% |
|
Return on assets |
0.03% |
-0.03% |
-0.07% |
|
Shareholders' return |
0.12% |
-0.11% |
-0.87% |
|
Sales per employee |
6.16 |
5.71 |
4.66 |
|
Profit per employee |
0.10 |
-0.09 |
-0.19 |
|
Average wage per employee |
0.32 |
0.32 |
0.29 |
|
Net worth |
6,384.3 |
6,132.2 |
2,229.6 |
|
Number of employees |
36,735 |
36,772 |
42,499 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.83 |
|
|
1 |
Rs.89.22 |
|
Euro |
1 |
Rs.72.48 |
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.