COMMISSION DECISION
of 22 September 2004
on restructuring aid implemented by France for Compagnie Marseille Réparation (CMR) — State aid C34/03 (ex N 728/02)
(notified under document number C(2004) 3350)
(Only the French version is authentic)
(Text with EEA relevance)
(2005/314/EC)
I. PROCEDURE
II. DETAILED DESCRIPTION
A. The recipient
B. The business plan
(in euro) |
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Operation |
2002 (6 months) |
2003 |
2004 |
2005 |
2006 |
Turnover |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Operating costs |
|
|
|
|
|
Purchases of goods |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Purchases from subcontracting |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Other purchases and external costs |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Salaries and wages |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Paid holidays |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
‘Asbestos departures’ |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Total personnel costs |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
External assistance |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Total personnel charges and assistance |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Taxes |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Total operating costs |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Operating result |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Subsidy(5) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
Net operating result |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
[…](3) |
(in euro) |
|
Item |
Amount |
Part 1 |
|
Investment in restructuring and maintenance (2002 to 2006): Initial |
[…] (*) |
Annual (4 × EUR 100 000) |
[…] (*) |
Inventories |
[…] (*) |
Training needs: 200 man/hours(6) |
[…] (*) |
Subtotal 1 |
[…] (*) |
Part 2 |
|
Costs for ‘asbestos departures’ incurred before the takeover |
[…] (*) |
Paid leave due before the takeover |
[…] (*) |
Subtotal 2 |
[…] (*) |
|
|
Total (Subtotal 1 + Subtotal 2) |
3 649 494 |
C. The financial measures
(in euro) |
|
Source |
Amount |
Part 1 — Public contributions |
|
French central government |
1 600 000 |
Conseil régional of Provence Alpes-Côte d’Azur |
630 000 |
Conseil général of Bouches-du-Rhône |
630 000 |
City of Marseille |
630 000 |
Subtotal 1 |
3 490 000 |
Part 2 — Private contributions |
|
Shareholders’ capital contribution |
610 000 |
Bank loans |
1 830 000 |
Subtotal 2 |
2 440 000 |
|
|
Total (Subtotal 1 + Subtotal 2) |
5 930 000 |
(in euro) |
||
Amount |
Year of payment |
Year of repayment |
533 333 |
n |
n+6 |
266 667 |
n |
n+7 |
400 000 |
n+1 |
n+7 |
400 000 |
n+2 |
n+7 |
D. Market information
E. The decision to initiate proceedings under Article 88(2) of the EC Treaty
III. COMMENTS FROM FRANCE
IV. ASSESSMENT
A. State aid
B. Derogation under Article 87 of the EC Treaty
1. Restructuring aid
1.1. Eligibility of the firm
1.2. Restoration of viability
1.3. Avoidance of undue distortions of competition
1.4. Aid limited to the minimum
1.5. The 1994 Restructuring Guidelines
2. Regional investment aid
(in euro) |
|||
Item |
Amount |
||
|
420 108 |
||
|
162 500 |
||
|
35 600 |
||
|
222 008 |
||
|
1 000 |
||
Total |
421 108 |
3. Training aid
V. CONCLUSION
Article 1
Article 2
Article 3
Article 4
ANNEX
Information regarding the implementation of the Commission Decision …
1. Calculation of the amount to be recovered
Date(s) of payment(1) |
Amount of aid(2) |
Currency |
Identity of beneficiary |
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2. Measures planned and already taken to recover the aid
3. Recovery already effected
Date(s)(3) |
Amount of aid repaid |
Currency |
Identity of beneficiary |
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