MIRA
INFORM REPORT
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Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
EPUR INDUSTRIE |
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Registered Office : |
Qua L'aiguille, Quartier De L'aiguille, Gignac La Nerthe, 13180 |
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Country : |
France |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.07.1997 |
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Com. Reg. No.: |
413582743 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
wholesaler
of metal and non-metal waste and scrap and materials for recycling, including
collecting, sorting, separating, stripping of used goods such as cars in
order to obtain reusable parts, (re) packing, storage and delivery, but
without a real transformation process |
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No. of Employees : |
28 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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 & address
Epur Industrie
Qua L'aiguille
Quartier De L'aiguille
Gignac La Nerthe, 13180
France
Tel: +33 04 42 06 65 93
Fax: +33 04 91 69 43 77
Synthesis
Employees: 28
Company Type: Private Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Epur International
Incorporation Date: 15-Jul-1997
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 184.1
Total Assets: 34.6
Business Description
Epur Industrie is primarily engaged in wholesale (purchase and sale) of metal and non-metal waste and scrap and materials for recycling, including collecting, sorting, separating, stripping of used goods such as cars in order to obtain reusable parts, (re) packing, storage and delivery, but without a real transformation process. Additionally the purchased and sold waste has a remaining value; and dismantling of end-of-life vehicles (dismantling of cars; wholesale in car wrecks; sale of parts from wrecks to private persons and professional users).
Industry
Industry Waste Management Services
ANZSIC 2006: 3322 - Metal and
Mineral Wholesaling
NACE 2002: 5157 - Wholesale
of waste and scrap
NAICS 2002: 423930 -
Recyclable Material Merchant Wholesalers
UK SIC 2003: 5157 - Wholesale
of waste and scrap
UK SIC 2007: 4677 - Wholesale
of waste and scrap
US SIC 1987: 5093 - Scrap and
Waste Materials
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Qua L'aiguille
Quartier De L'aiguille
Gignac La Nerthe, 13180
France
Tel: +33 04 42 06 65 93
Fax: +33 04 91 69 43 77
Sales EUR(mil) : 132.4
Assets EUR(mil): 26.6
Employees: 28
Fiscal Year End: 31-Dec-2011
Industry: Waste Management Services
Incorporation Date: 15-Jul-1997
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(FRA): 413582743
Industry Codes
ANZSIC 2006 Codes:
3322 - Metal and Mineral Wholesaling
NACE 2002 Codes:
5157 - Wholesale of waste and scrap
NAICS 2002 Codes:
423930 - Recyclable Material Merchant Wholesalers
US SIC 1987:
5093 - Scrap and Waste Materials
UK SIC 2003:
5157 - Wholesale of waste and scrap
UK SIC 2007:
4677 - Wholesale of waste and scrap
Business
Description
Epur Industrie is primarily engaged in wholesale (purchase and sale) of metal and non-metal waste and scrap and materials for recycling, including collecting, sorting, separating, stripping of used goods such as cars in order to obtain reusable parts, (re) packing, storage and delivery, but without a real transformation process. Additionally the purchased and sold waste has a remaining value; and dismantling of end-of-life vehicles (dismantling of cars; wholesale in car wrecks; sale of parts from wrecks to private persons and professional users).
More Business
Descriptions
Recyclable Material Merchant Wholesalers
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Corporate Family |
Corporate
Structure News: |
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Epur
Industrie |
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Epur Industrie |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Epur International |
Parent |
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Epur Industrie |
Subsidiary |
Gignac La Nerthe |
France |
Waste Management Services |
184.1 |
28 |
|
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Epur Metal |
Subsidiary |
Gignac La Nerthe |
France |
Waste Management Services |
88.8 |
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Annual
Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
184.5 |
119.2 |
69.8 |
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Net sales |
184.1 |
119.1 |
68.7 |
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Change in stock |
4.8 |
-10.2 |
-4.0 |
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Subsidies for operating costs |
- |
0.0 |
- |
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Supplementary operating income |
0.4 |
0.1 |
1.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
8.4 |
5.8 |
5.5 |
|
Cost of goods sold |
164.6 |
116.3 |
63.9 |
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Taxes and social security costs |
0.5 |
0.4 |
0.4 |
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Social charges |
0.7 |
0.6 |
0.5 |
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Total payroll costs |
1.5 |
1.2 |
1.3 |
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Cost of stock depreciation and amortisation |
0.1 |
1.1 |
0.0 |
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Fixed asset depreciation and amortisation |
0.4 |
0.3 |
0.3 |
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Other operating costs |
1.4 |
0.9 |
0.5 |
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Total operating costs |
182.4 |
116.5 |
68.4 |
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Net operating income |
2.1 |
2.6 |
1.4 |
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Total financial income |
0.6 |
0.8 |
0.5 |
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Interest payable on loans |
0.6 |
0.2 |
0.2 |
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Other expenses |
0.7 |
0.7 |
0.5 |
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Total expenses |
1.3 |
0.9 |
0.7 |
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Profit before tax |
1.5 |
2.5 |
1.2 |
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Extraordinary income |
0.6 |
0.7 |
0.3 |
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Extraordinary expenses |
1.3 |
0.3 |
0.1 |
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Extraordinary result |
-0.7 |
0.4 |
0.2 |
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Total taxation |
0.4 |
1.0 |
0.4 |
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Net profit |
0.4 |
1.9 |
1.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
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Issued capital |
6.5 |
6.7 |
7.2 |
|
Share premium account |
0.3 |
0.3 |
0.3 |
|
Total reserves |
5.4 |
5.3 |
5.5 |
|
Profits for the year |
0.4 |
2.0 |
1.0 |
|
Profit brought forward from previous year(s) |
- |
- |
-0.1 |
|
Total stockholders equity |
12.6 |
14.3 |
14.0 |
|
Provisions and allowances |
0.1 |
0.1 |
0.1 |
|
Trade creditors |
13.5 |
11.8 |
7.1 |
|
Bank loans and overdrafts |
0.5 |
5.9 |
0.8 |
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Current bank debts |
- |
5.2 |
0.0 |
|
Other loans |
6.7 |
6.2 |
5.2 |
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Other liabilities |
0.3 |
0.3 |
0.2 |
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Taxation and social security |
0.8 |
0.6 |
0.5 |
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Total current liabilities |
21.5 |
24.3 |
13.3 |
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Total debts |
21.8 |
24.8 |
13.8 |
|
Total liabilities (including net worth) |
34.6 |
39.1 |
27.9 |
|
Patents |
0.0 |
0.0 |
0.0 |
|
Goodwill |
1.2 |
1.3 |
1.4 |
|
Land |
0.3 |
0.3 |
0.4 |
|
Buildings |
0.1 |
0.1 |
0.1 |
|
Other fixed assets |
0.8 |
0.9 |
0.9 |
|
Long-term investments |
0.0 |
- |
- |
|
Other financial assets |
0.0 |
0.1 |
0.1 |
|
Total non-current assets |
2.3 |
2.7 |
2.9 |
|
Prepayments |
0.3 |
- |
1.9 |
|
Net stocks and work in progress |
14.9 |
19.8 |
11.3 |
|
Trade debtors |
12.6 |
11.3 |
8.1 |
|
Other receivables |
3.3 |
1.7 |
1.2 |
|
Prepaid expenses |
0.0 |
0.1 |
0.1 |
|
Cash and liquid assets |
1.1 |
3.5 |
2.0 |
|
Marketable securities |
- |
0.0 |
0.4 |
|
Total current assets |
32.2 |
36.4 |
25.0 |
|
Prepaid expenses and deferred costs |
- |
0.1 |
0.0 |
|
Total assets |
34.6 |
39.1 |
27.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.50 |
1.50 |
1.90 |
|
Quick ratio |
0.80 |
0.70 |
1.00 |
|
Total liabilities to net worth |
1.92% |
1.92% |
1.09% |
|
Net worth to total assets |
0.33% |
0.33% |
0.45% |
|
Collection period |
22.20 |
28.50 |
34.70 |
|
Stock turnover rate |
11.50 |
6.10 |
6.20 |
|
Asset turnover |
4.97% |
3.08% |
2.54% |
|
Profit margin |
0.01% |
0.02% |
0.02% |
|
Return on assets |
0.04% |
0.07% |
0.05% |
|
Shareholders' return |
0.12% |
0.20% |
0.10% |
|
Sales per employee |
31,016.37 |
22,687.14 |
14,094.60 |
|
Profit per employee |
248.00 |
484.07 |
247.36 |
|
Average wage per employee |
252.64 |
238.09 |
256.79 |
|
Net worth |
12.6 |
14.3 |
14.0 |
|
Number of employees |
28 |
26 |
23 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.71 |
|
UK Pound |
1 |
Rs.90.59 |
|
Euro |
1 |
Rs.78.22 |
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 |
|
---- |
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.