MIRA INFORM REPORT

 

 

Report Date :

06.08.2007

 

IDENTIFICATION DETAILS

 

Name :

BARRY CALLEBAUT FRANCE

 

 

Registered Office :

5 Boulevard Michelet , 78250 Hardricourt Fr

 

 

Country :

France

 

 

Financials (as on) :

31.08.2006

 

 

Date of Incorporation :

03 October 1989

 

 

Com. Reg. No.:

97B01791

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of cocoa; chocolate and sugar confectionery

 

 

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

 

Maximum Credit Limit :

150000 EUR

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

BARRY CALLEBAUT FRANCE

5 BOULEVARD MICHELET

78250 HARDRICOURT FR

Tel. Number       +33-1-30228400

Fax number       +33-1-30228484

 

 

Business founded

03 October 1989

Business registered

13 December 1989 - Public limited company (no information regarding quotation)

Registration number,

97B01791, VERSAILLES,

Trade name,

ECALLEBAUT,

party identification,

352714745,

Legal form

Public limited company (no information regarding quotation)

Activities

Manufacture of cocoa; chocolate and sugar confectionery

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 150000 EUR is advised

 

The export volume in percentage of total sales for the company.  0,00

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Weak 

 

Profitability (balance sheet analysis) : Normal 

 

Commitments (regarding contractual obligations) : Fulfilled („respectés“) 

 

Payment defaults : None 

Employees (Business)

 425

Total number of shareholders

 1

Total share capital31 August 2006

EUR 50000000

Branch office(s)

23 BOULEVARD MICHELET,78250 HARDRICOURT   

 

RUE DE LA MECANIQUE,27400 LOUVIERS   

 

   Others

Bank

LCL - BNP 75 PARIS   

Boardmembers

BARRY CALLEBAUT BELGIUM NV , REPRESENTED BY JANVIER PHILIPPE   President

Parent company :

BARRY CALLEBAUT BELGIUM NV   100,00 %   

Subsidiary company.

438773525   BARRY CALLEBAUT MANUFACTURING FRANCE   100,00 %   

Affiliate. A company which is affiliated with the Business.

622003267   GIAC   

 

 

 

The business owns or partly owns one or more pieces of land and buildings?  Yes(Property) 

 

Turnover for the period: 00 0000 - 31 August 2006  in  EUR 411.101.388,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

266.198.468,-

Total fixed assets

126.194.805,-

Total intangible fixed assets

1.351.456,-

Total tangible fixed assets

24.316.795,-

Land and buildings

12.869.539,-

Plant, machinery and equipment

9.378.621,-

Total financial fixed assets

100.526.550,-

Loans, shares and participations

91.440.079,-

Total Current assets

140.003.663,-

Inventories and work in progress (incl. prepayments)

72.637.067,-

Accounts receivable (trade)

43.186.961,-

Cash in hand and at bank

145.716,-

Total accrued income and prepaid expenses

153.039,-

Total equity, provisions, liabilities, accrued expenses and deferred income

266.198.468,-

Total equity (Shareholders' funds)

133.092.238,-

Issued (subscribed) capital

50.000.000,-

Legal reserves

5.534.823,-

Profit or loss carried forward

17.896.289,-

Profit or loss for the previous year

14.927.035,-

Profit or loss for the financial year

19.149.491,-

Total provisions

425.000,-

Total liabilities

132.681.229,-

Total long-term liabilities

71.762.614,-

Long-term Loans, Mortgage debts

70.277.959,-

Long-term liabilities to credit institutions

1.484.655,-

Total current liabilities

60.918.612,-

Current accounts payable (trade)

50.400.056,-

Income and social tax liabilities

9.715.962,-

Borrowing ratio

99,48 %

Current ratio

229,82 %

Debt gearing

53,81 %

Profit margin.

2,91 %

Quick ratio

110,58 %

Return on assets

4,50 %

Return on equity.

14,36 %

Solidity or equity ratio

50,10 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2006  in  EUR 

Total operating income/revenue

429.603.710,-

Main revenue (sales/turnover)

411.101.388,-

Total operating expenses

417.630.978,-

Cost of materials (type of expenditure format)

137.819.943,-

Personnel costs

17.013.289,-

Depreciation

5.230.354,-

Operating profit or loss

11.972.732,-

Financial income

10.976.308,-

Financial expenses

3.042.480,-

Result of ordinary operations

19.906.560,-

Extraordinary income

5.717.392,-

Extraordinary expenses

3.975.011,-

Extraordinary result

1.742.380,-

Pre-tax and pre-appropriation profit or loss

19.906.561,-

Taxes

2.376.540,-

Net profit or loss

19.149.491,-

 

Turnover for the period: 00 0000 - 31 August 2005  in  EUR 353.862.405,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

228.960.365,-

Total fixed assets

114.755.239,-

Total intangible fixed assets

1.849.418,-

Total tangible fixed assets

16.862.782,-

Land and buildings

9.433.367,-

Plant, machinery and equipment

6.013.103,-

Total financial fixed assets

96.043.037,-

Loans, shares and participations

94.340.080,-

Total Current assets

112.773.993,-

Inventories and work in progress (incl. prepayments)

63.635.828,-

Accounts receivable (trade)

44.151.909,-

Cash in hand and at bank

251.945,-

Total accrued income and prepaid expenses

1.516.330,-

Total equity, provisions, liabilities, accrued expenses and deferred income

228.960.365,-

Total equity (Shareholders' funds)

106.223.422,-

Issued (subscribed) capital

50.000.000,-

Legal reserves

5.534.823,-

Profit or loss carried forward

2.969.253,-

Profit or loss for the previous year

9.637.812,-

Profit or loss for the financial year

14.927.035,-

Total provisions

150.000,-

Total liabilities

122.586.943,-

Total long-term liabilities

70.410.449,-

Long-term Loans, Mortgage debts

70.358.190,-

Long-term liabilities to credit institutions

52.259,-

Total current liabilities

52.176.491,-

Current accounts payable (trade)

44.320.733,-

Income and social tax liabilities

6.864.628,-

Borrowing ratio

115,30 %

Current ratio

216,14 %

Debt gearing

66,22 %

Profit margin.

1,08 %

Quick ratio

94,18 %

Return on assets

1,67 %

Return on equity.

14,04 %

Solidity or equity ratio

46,44 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2005  in  EUR 

Total operating income/revenue

366.007.108,-

Main revenue (sales/turnover)

353.862.405,-

Total operating expenses

362.194.124,-

Cost of materials (type of expenditure format)

76.247.534,-

Personnel costs

15.889.068,-

Depreciation

5.135.359,-

Operating profit or loss

3.812.984,-

Financial income

16.706.729,-

Financial expenses

3.661.154,-

Result of ordinary operations

16.858.559,-

Extraordinary income

1.216.971,-

Extraordinary expenses

2.184.959,-

Extraordinary result

-967.988,-

Pre-tax and pre-appropriation profit or loss

16.858.559,-

Taxes

785.789,-

Net profit or loss

14.927.035,-

 

Turnover for the period: 00 0000 - 31 August 2004  in  EUR 453.788.664,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 31 August 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

241.313.982,-

Total fixed assets

113.975.930,-

Total intangible fixed assets

2.579.932,-

Total tangible fixed assets

16.624.693,-

Land and buildings

9.770.186,-

Plant, machinery and equipment

5.742.940,-

Total financial fixed assets

94.771.303,-

Loans, shares and participations

93.560.588,-

Total Current assets

124.180.718,-

Inventories and work in progress (incl. prepayments)

70.989.091,-

Accounts receivable (trade)

45.347.587,-

Cash in hand and at bank

36.260,-

Total accrued income and prepaid expenses

3.237.355,-

Total equity, provisions, liabilities, accrued expenses and deferred income

241.313.982,-

Total equity (Shareholders' funds)

114.262.394,-

Issued (subscribed) capital

50.000.000,-

Legal reserves

5.534.823,-

Profit or loss carried forward

-6.668.558,-

Profit or loss for the financial year

9.637.812,-

Total provisions

381.714,-

Total liabilities

126.669.873,-

Total long-term liabilities

78.214.022,-

Long-term Loans, Mortgage debts

78.211.443,-

Long-term liabilities to credit institutions

2.579,-

Total current liabilities

48.455.848,-

Current accounts payable (trade)

41.386.977,-

Income and social tax liabilities

6.361.377,-

Borrowing ratio

110,61 %

Current ratio

256,28 %

Debt gearing

68,30 %

Profit margin.

1,97 %

Quick ratio

109,77 %

Return on assets

3,70 %

Return on equity.

8,42 %

Solidity or equity ratio

47,45 %

 

Corporate profit and loss account for the year: 00 0000 - 31 August 2004  in  EUR 

Total operating income/revenue

463.931.859,-

Main revenue (sales/turnover)

453.788.664,-

Total operating expenses

454.994.065,-

Cost of materials (type of expenditure format)

99.018.357,-

Personnel costs

16.410.559,-

Depreciation

5.259.240,-

Operating profit or loss

8.937.794,-

Financial income

554.487,-

Financial expenses

4.740.666,-

Result of ordinary operations

4.751.615,-

Extraordinary income

7.045.388,-

Extraordinary expenses

2.578.741,-

Extraordinary result

4.466.647,-

Pre-tax and pre-appropriation profit or loss

4.751.615,-

Taxes

-419.550,-

Net profit or loss

9.637.812,-

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions