|
Report Date : |
28.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOFER S.A.S. |
|
|
|
|
Registered Office : |
Zac De Bogues 31750 Escalquens |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
01.07.1970 |
|
|
|
|
Com. Reg. No.: |
70080213500033 |
|
|
|
|
Legal Form : |
Simplified joint stock company |
|
|
|
|
Line of Business : |
Industrial Mechanics |
|
|
|
|
No. of Employees : |
54 |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, 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 TOFER S.A.S.
Company Registration Number 70080213500033
Country FR
Activity Code 2562B
Activity Description Industrial Mechanics
Company Status Economically
active
Latest Turnover 9,515,168.00 (EUR)
Latest Shareholders Equity 1,734,873.00 (EUR)
Rating Indicator Profit 375,942.00 Before
(EUR) Tax
Activities
Activity Code 2562B
Activity Description Industrial Mechanics
Company Name TOFER S.A.S.
Registered Company Name ATELIERS TOFER
Company Registration Number 70080213500033
Country FR
VAT Registration Number FR93700802135
Date of Company Registration 01/07/1970
Date of Starting Operations 01/01/1970
Commercial Court Legal Form Simplified joint
stock company
Type of Ownership Company Status Economically
active
Principal Activity Code 2562B
Principal Activity Description Industrial Mechanics
Contact Address ZAC DE BOGUES
31750
ESCALQUENS
Contact Telephone Number 0534667260
Address ZAC DE BOGUES
31750 ESCALQUENS
Country FR
Telephone 05 34 66 72 60
Other Addresses
Address ZAC DE BOGUES
31750 ESCALQUENS
Country FR
Address ESCALQUENS, 31750
Country FR
Name M TOMAS GEORGES
Gender Male
Date of Birth 17/01/1965
Position President
Name Mme POULIQUEN
PASCALE
Gender Female
Date of Birth 22/05/1965
Position Managing director
Previous Directors Managers
Name M LIBERATO TOMAS
Gender Male
Date of Birth 28/10/1938
Position President
Name M GEORGES TOMAS
Gender Male
Date of Birth 17/01/1965
Position Managing director
Nominal Share Capital 400,000.00 (EUR)
Year 2012
Number of Employees 54
Year 2011
Number of Employees 0
Year 2010
Number of Employees 0
Profit & Loss
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 9,842,319.00 8,331,969.00 5,086,117.00
Operating Costs 9,331,840.00 7,892,315.00 5,523,653.00
Operating Profit 510,479.00 439,654.00 -437,536.00
Wages & Salaries 1,758,861.00 1,614,812.00 1,250,406.00
Pension Costs 748,387.00 676,390.00 515,264.00
Depreciation 78,866.00 90,668.00
108,102.00
Financial Income 52,402.00 17,262.00
6,283.00
Financial Expenses
26,389.00 38,417.00
32,529.00
Extraordinary Income 20,947.00 60,465.00
50,474.00
Extraordinary Costs 131,859.00 46,077.00
54,061.00
Profit Before Tax 375,942.00 432,885.00 -467,370.00
Tax 141,190.00 153,645.00 -160,152.00
Profit After Tax 234,752.00 279,240.00 -307,218.00
Dividends 0.00 0.00 0.00
Retained Profit 234,752.00 279,240.00 -307,218.00
Balance Sheet
Financial Year
2012 2011 2010
Number of Weeks 52 52 52
Currency EUR EUR EUR
Land & Buildings 142,914.00 178,292.00 213,670.00
Plant & Machinery 50,410.00 71,031.00
96,285.00
Other Tangible
Assets 5,930.00 6,186.00
6,832.00
Total Tangible Assets 199,254.00 255,509.00 316,787.00
Goodwill 45,735.00 45,735.00
45,735.00
Other Intangible
Assets 1,420.00 2,428.00
3,436.00
Total Intangible Assets 47,155.00 48,163.00
49,171.00
Investments 26,759.00 26,759.00
26,759.00
Loans to Group 0.00 0.00 0.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed
Assets 0.00 0.00 0.00
Total Other Fixed Assets 26,759.00 26,759.00
26,759.00
Total Fixed Assets 273,168.00 330,431.00 392,717.00
Raw Materials
478,553.00 782,512.00 734,607.00
Work in Progress
577,275.00 0.00 0.00
Finished Goods 31,766.00 35,387.00
30,231.00
Other Inventories 0.00 0.00 0.00
Total Inventories 1,087,594.00 817,899.00 764,838.00
Trade Receivables
1,738,563.00 1,849,129.00 997,371.00
Miscellaneous Receivables 606,972.00 414,513.00 336,938.00
Total Receivables 2,345,535.00 2,263,642.00 1,334,309.00
Cash 317,893.00 335,930.00 272,399.00
Other Current Assets
7,931.00 0.00 2,835.00
Total Current Assets 3,758,953.00 3,417,471.00 2,374,381.00
Total Assets 4,032,121.00 3,747,902.00 2,767,098.00
|
Trade Payables |
1,372,711.00 |
1,574,241.00 |
805,584.00 |
|
Bank Liabilities |
23,146.00 |
22,308.00 |
148,402.00 |
|
Other Loans/Finance |
80,198.00 |
84,554.00 |
28,499.00 |
|
Miscellaneous Liabilities |
733,972.00 |
507,000.00 |
426,103.00 |
|
Total Current Liabilities |
2,210,027.00 |
2,188,103.00 |
1,408,588.00 |
|
Bank Liabilities due after 1 year |
22,032.00 |
45,239.00 |
67,547.00 |
|
Other Loans/Finance
due after 1 year |
17,257.00 |
9,478.00 |
59,163.00 |
|
Miscellaneous Liabilities due after 1 year |
47,931.00 |
0.00 |
0.00 |
|
Total Long Term Liabilities |
87,220.00 |
54,717.00 |
126,710.00 |
|
Total Liabilities |
2,297,247.00 |
2,242,820.00 |
1,535,298.00 |
|
Called Up Share Capital |
400,000.00 |
400,000.00 |
400,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue Reserves |
234,752.00 |
279,240.00 |
-307,218.00 |
|
Other Reserves |
1,100,121.00 |
825,838.00 |
1,139,018.00 |
|
Total Shareholders
Equity |
1,734,873.00 |
1,505,078.00 |
1,231,800.00 |
|
Other Financials |
|
|
|
|
Working Capital |
1,548,926.00 |
1,229,368.00 |
965,793.00 |
|
Net Worth |
1,687,718.00 |
1,456,915.00 |
1,182,629.00 |
|
Ratios |
|
|
|
|
Return on Capital Employed |
0.28 |
0.46 |
0.63 |
|
Stock Turnover Ratio |
11.43 |
9.82 |
14.76 |
|
Debtor Days |
66.00 |
80.00 |
69.00 |
|
Creditor Days |
76.00 |
106.00 |
82.00 |
|
Liquidity Ratio/Acid Test |
1.07 |
1.03 |
0.95 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
|
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.