MIRA INFORM REPORT
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Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
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Name : |
ATELIERS FRANCOIS |
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Registered Office : |
Rue C?te-d'Or 274 Liege, 4000 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1960 |
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Com. Reg. No.: |
403953332 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of pumps and compressors |
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No. of Employees : |
40 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Belgium |
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 |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank
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Source
: CIA |
Company
name and address
ATELIERS FRANCOIS
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Business
Description
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Manufacture of pumps and compressors |
Industry
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Industry |
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ANZSIC 2006: |
245 - Pump, Compressor, Heating and Ventilation Equipment Manufacturing |
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ISIC Rev 4: |
2813 - Manufacture of other pumps, compressors, taps and valves |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key
Executives
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News
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Registered No.(VAT): 403953332
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Moteurs Et Francois |
Parent |
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Subsidiary |
Liege |
Belgium |
Machinery and Equipment Manufacturing |
84.8 |
40 |
Executives
Report
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News
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"Multistage
Compressors for Pet Bottle Blowing Processes" in Patent Application
Approval Process |
27-Jun-2013 |
Annual Profit
& Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
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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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Turnover |
84.8 |
104.3 |
93.3 |
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Increase or Decrease in Stocks of Finished Goods, and Orders in Progress |
0.0 |
0.1 |
1.5 |
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Other Operating Income |
0.1 |
0.3 |
0.1 |
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Operating Income |
84.9 |
104.7 |
95.0 |
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Purchases |
48.0 |
68.0 |
62.1 |
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Increase or Decrease in Stocks |
4.2 |
-3.5 |
-2.5 |
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Raw Materials, Consumables, and Goods for Release |
52.1 |
64.5 |
59.5 |
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Services and Sundry Goods |
24.6 |
24.1 |
23.2 |
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Remuneration, Social Security Charges, and Pensions |
3.5 |
4.1 |
3.9 |
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Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets |
0.5 |
0.5 |
0.5 |
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Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors |
-0.1 |
0.2 |
0.0 |
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Provisions for Liabilities and Charges |
-0.2 |
-0.1 |
0.1 |
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Other Operating Charges |
0.1 |
0.1 |
0.1 |
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Operating Charges |
80.5 |
93.5 |
87.3 |
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Income From Financial Fixed Assets |
0.1 |
1.3 |
0.0 |
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Income From Current Assets |
0.0 |
0.0 |
0.0 |
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Other Financial Income |
0.7 |
0.4 |
0.8 |
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Financial Income |
0.8 |
1.6 |
0.8 |
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Interest and Other Debt Charges |
0.2 |
0.3 |
0.2 |
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Other Financial Charges |
0.7 |
0.7 |
0.4 |
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Financial Charges |
0.9 |
1.0 |
0.6 |
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Other Extraordinary Income |
- |
0.4 |
- |
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Extraordinary Income |
- |
0.4 |
- |
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Transfer from Differed Taxes |
0.0 |
0.0 |
0.0 |
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Income Taxes |
1.3 |
3.7 |
2.6 |
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Adjustment of Income Taxes and Write-Back of Tax Provisions |
0.0 |
- |
- |
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Income Taxes |
1.3 |
3.7 |
2.6 |
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Return on Capital |
1.6 |
2.8 |
3.3 |
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Profit to be Distributed |
1.6 |
2.8 |
3.3 |
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Employees |
40 |
44 |
48 |
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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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Intangible Assets |
0.8 |
0.6 |
0.0 |
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Land & Buildings |
0.8 |
1.0 |
1.1 |
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Plant, Machinery, and Equipment |
0.1 |
0.2 |
0.2 |
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Furniture and Vehicles |
0.0 |
0.0 |
0.0 |
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Leasing and Other Similar Rights |
- |
0.0 |
0.0 |
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Other Tangible Assets |
0.1 |
- |
0.0 |
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Tangible Assets |
1.1 |
1.2 |
1.3 |
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Participating Interests |
0.3 |
0.3 |
0.3 |
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Amounts Receivable |
1.6 |
1.6 |
1.6 |
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Affiliated Enterprises |
1.9 |
1.9 |
1.9 |
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Amounts Receivable and Cash Guarantees |
0.1 |
0.1 |
0.0 |
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Other Capital Assets |
0.1 |
0.1 |
0.0 |
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Capital Assets |
2.0 |
1.9 |
1.9 |
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Fixed Assets |
3.9 |
3.7 |
3.3 |
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Raw Materials and Consumables |
0.5 |
0.8 |
0.6 |
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Work in Progress |
0.4 |
0.0 |
0.5 |
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Finished Goods |
2.7 |
3.5 |
2.8 |
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Goods Purchased for Resale |
12.0 |
15.5 |
13.2 |
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Advance Payments |
0.0 |
- |
0.1 |
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Stocks |
15.7 |
19.8 |
17.3 |
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Orders in Progress |
0.3 |
0.0 |
0.2 |
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Inventory and Orders in Progress |
16.1 |
19.9 |
17.4 |
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Trade Debtors |
33.0 |
37.1 |
32.2 |
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Other Amounts Receivable |
1.3 |
1.3 |
2.4 |
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Amounts Receivable Within One Year |
34.3 |
38.4 |
34.5 |
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Liquid Assets |
0.5 |
0.0 |
0.9 |
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Adjustment Accounts |
0.2 |
0.3 |
0.1 |
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Current Assets |
51.1 |
58.6 |
53.0 |
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Total Assets |
55.0 |
62.3 |
56.3 |
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Issued Capital |
2.0 |
2.0 |
2.0 |
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Capital |
2.0 |
2.0 |
2.0 |
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Legal Reserve |
0.2 |
0.2 |
0.2 |
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Reserves |
0.2 |
0.2 |
0.2 |
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Pensions and Similar Obligations |
0.0 |
0.0 |
0.0 |
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Other Liabilities and Charges |
0.5 |
0.7 |
0.8 |
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Provisions for Liabilities and Charges |
0.5 |
0.7 |
0.8 |
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Deferred Taxation |
- |
0.0 |
0.0 |
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Provisions and Deferred Taxes |
0.5 |
0.7 |
0.8 |
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Capital and Reserves |
21.2 |
19.5 |
14.5 |
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Subordinated Loans |
- |
- |
0.1 |
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Leasing and Other Similar Obligations |
- |
- |
0.0 |
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Credit Institutions |
- |
0.2 |
0.8 |
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Financial Debts |
- |
0.2 |
0.8 |
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Other Amounts Payable |
- |
- |
0.1 |
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Amounts Due After More Than One Year |
- |
0.2 |
0.9 |
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Current Portion of Amounts Payable After More Than One Year |
0.2 |
0.7 |
0.7 |
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Credit Institutions |
7.8 |
10.7 |
1.5 |
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Financial Debts |
7.8 |
10.7 |
1.5 |
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Suppliers |
19.3 |
22.2 |
28.5 |
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Trade Debts |
19.3 |
22.2 |
28.5 |
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Advances Received on Orders in Progress |
1.5 |
1.4 |
2.6 |
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Taxes |
0.0 |
1.8 |
1.1 |
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Remuneration and Social Security |
0.8 |
0.8 |
0.8 |
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Taxes, Wages, and Social Security |
0.8 |
2.6 |
1.8 |
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Other Amounts Payable |
2.6 |
2.6 |
3.3 |
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Amounts Payable Within One Year |
32.3 |
40.2 |
38.4 |
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Adjustment Accounts |
1.0 |
1.7 |
1.6 |
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Creditors |
33.3 |
42.1 |
40.9 |
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Total Liabilities + Shareholders' Equity |
55.0 |
62.3 |
56.3 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
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|
1 |
Rs.103.52 |
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Euro |
1 |
Rs.85.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
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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.