MIRA
INFORM REPORT
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Report Date : |
28.10.2013 |
IDENTIFICATION DETAILS
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Name : |
JEUMONT ELECTRIC |
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Registered Office : |
367 rue de l'Industrie PO Box 20109 Jeumont, 59572 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
15.12.2002 |
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Com. Reg. No.: |
444571772 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
· Subject is an electrical energy technologies provider ·
Manufactures synchronous machines such as
generators for fossil fuel, hydro-electric applications, controllers and
compressors |
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No. of Employees : |
467 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
No complaints |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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,
Source
: CIA
Company name and address
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JEUMONT ELECTRIC |
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Business Description
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Jeumont Electric (JEUMONT) is an electrical energy technologies provider. The company manufactures synchronous machines such as generators for fossil fuel, hydro-electric applications, controllers and compressors. It has activities include electrical plants, marine and process industries. JEUMONT also designs and supplies excitation and regulation systems, electrical protection systems, synchronization systems, and instrumentation and control devices. The company’s products are used in the markets of energy generation, oil and gas and industry and marine. It provides a range of semi-rapid and slow generators designed for diesel engine and manufacture generators up to 600 MW for fossil fuel power plants. JEUMONT is headquartered in Jeumont, France. |
Industry
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Industry |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and Equipment Manufacturing |
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ISIC Rev 4: |
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NACE Rev 2: |
2829 - Manufacture of other general-purpose machinery n.e.c. |
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NAICS 2012: |
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UK SIC 2007: |
2829 - Manufacture of other general-purpose machinery n.e.c. |
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US SIC 1987: |
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Key Executives
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News
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Key IDSM Number: 96407211
Registered No.(FRA): 444571772
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
Corporate Overview
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Corporate structure
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Bourg La Reine |
France |
Miscellaneous Professional Services |
4.1 |
4 |
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Subsidiary |
Jeumont |
France |
Machinery and Equipment Manufacturing |
140.1 |
467 |
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Subsidiary |
Carquefou |
France |
Electrical Equipment and Appliances Manufacturing |
16.6 |
149 |
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Subsidiary |
Nantes |
France |
Metal Products Manufacturing |
64.1 |
166 |
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Subsidiary |
Lorient |
France |
Machinery and Equipment Manufacturing |
21.0 |
149 |
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Executives Report
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News
Annual Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Total income |
144.8 |
147.6 |
121.8 |
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Net sales |
140.1 |
131.9 |
117.0 |
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Change in stock |
-0.5 |
0.1 |
0.8 |
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Unfinished work in progress |
1.0 |
0.2 |
-0.8 |
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Subsidies for operating costs |
0.0 |
0.2 |
0.1 |
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Supplementary operating income |
3.6 |
10.1 |
5.0 |
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Other operating income |
0.0 |
5.2 |
0.5 |
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Other external charges |
41.1 |
43.6 |
40.2 |
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Cost of goods sold |
45.6 |
45.5 |
27.5 |
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Taxes and social security costs |
2.2 |
2.9 |
2.2 |
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Social charges |
11.2 |
10.2 |
10.2 |
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Total payroll costs |
23.7 |
24.2 |
21.8 |
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Cost of stock depreciation and amortisation |
5.4 |
6.8 |
9.6 |
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Fixed asset depreciation and amortisation |
1.6 |
1.8 |
1.6 |
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Other operating costs |
0.7 |
1.5 |
0.5 |
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Total operating costs |
130.9 |
136.7 |
114.3 |
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Net operating income |
13.9 |
10.9 |
7.5 |
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Total financial income |
0.2 |
0.3 |
0.4 |
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Interest payable on loans |
1.7 |
1.6 |
1.2 |
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Other expenses |
1.9 |
0.3 |
0.5 |
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Total expenses |
3.6 |
1.9 |
1.6 |
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Profit before tax |
10.6 |
9.3 |
6.2 |
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Extraordinary income |
1.6 |
0.1 |
0.0 |
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Extraordinary expenses |
1.0 |
1.0 |
0.6 |
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Extraordinary result |
0.5 |
-0.9 |
-0.6 |
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Total taxation |
4.0 |
1.7 |
1.6 |
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Profit distributed to employees |
1.5 |
0.7 |
0.8 |
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Net profit |
5.6 |
6.0 |
3.1 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Issued capital |
21.8 |
21.4 |
22.1 |
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Legal reserves |
2.0 |
1.4 |
1.0 |
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Total reserves |
6.0 |
3.4 |
3.7 |
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Profits for the year |
5.7 |
5.6 |
3.1 |
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Profit brought forward from previous year(s) |
0.1 |
0.1 |
0.1 |
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Capital subsidies and grants |
0.4 |
0.8 |
0.8 |
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Total stockholders equity |
36.0 |
32.6 |
30.8 |
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Provisions and allowances |
9.4 |
7.4 |
11.2 |
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Trade creditors |
22.1 |
26.4 |
23.0 |
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Advances received |
32.5 |
41.1 |
35.7 |
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Bank loans and overdrafts |
14.1 |
12.1 |
8.2 |
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Current bank debts |
3.4 |
1.9 |
1.3 |
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Other liabilities |
6.1 |
3.0 |
3.7 |
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Debts on fixed assets |
0.5 |
0.3 |
0.5 |
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Income stated in advance |
13.9 |
129.8 |
94.1 |
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Taxation and social security |
11.8 |
9.4 |
9.2 |
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Total current liabilities |
59.8 |
172.0 |
132.9 |
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Total debts |
101.1 |
222.1 |
174.3 |
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Regularisation account |
0.0 |
0.0 |
- |
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Total liabilities (including net worth) |
146.5 |
262.2 |
216.3 |
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Patents |
0.7 |
0.7 |
0.9 |
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Other intangibles |
0.0 |
0.2 |
0.1 |
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Land |
0.1 |
0.1 |
- |
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Buildings |
5.6 |
5.5 |
5.4 |
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Other fixed assets |
7.0 |
5.2 |
5.3 |
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Long-term investments |
13.1 |
7.8 |
4.9 |
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Other financial assets |
1.4 |
1.8 |
1.1 |
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Total non-current assets |
27.8 |
21.3 |
17.6 |
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Prepayments |
2.7 |
2.5 |
1.6 |
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Net stocks and work in progress |
6.0 |
4.7 |
4.4 |
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Trade debtors |
73.8 |
205.6 |
166.0 |
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Other receivables |
4.9 |
6.1 |
6.8 |
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Prepaid expenses |
4.7 |
4.1 |
3.5 |
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Cash and liquid assets |
21.3 |
3.6 |
10.5 |
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Marketable securities |
5.1 |
14.3 |
5.9 |
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Total current assets |
118.6 |
240.9 |
198.6 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.1 |
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Total assets |
146.5 |
262.2 |
216.3 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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 |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Current ratio |
2.00 |
1.40 |
1.50 |
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Quick ratio |
1.90 |
1.40 |
1.50 |
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Total liabilities to net worth |
2.86% |
7.00% |
5.88% |
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Net worth to total assets |
0.24% |
0.12% |
0.14% |
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Collection period |
155.50 |
507.00 |
425.00 |
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Stock turnover rate |
23.80 |
26.30 |
27.20 |
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Asset turnover |
0.98% |
0.47% |
0.55% |
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Profit margin |
0.08% |
0.07% |
0.05% |
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Return on assets |
0.07% |
0.03% |
0.03% |
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Shareholders' return |
0.31% |
0.27% |
0.21% |
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Sales per employee |
1,439.29 |
1,332.05 |
1,279.58 |
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Profit per employee |
108.40 |
93.63 |
67.54 |
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Average wage per employee |
243.33 |
244.72 |
238.80 |
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Net worth |
36.0 |
32.6 |
30.8 |
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Number of employees |
497 |
467 |
453 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.63 |
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UK Pound |
1 |
Rs.99.94 |
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Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.