MIRA
INFORM REPORT
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Report Date : |
17th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ARCHIMICA SAS |
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Registered Office : |
Zi
Laville 47240 Bon Encontre (Lot Et Garonne) |
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Country : |
France
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01
October 1987 |
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Com. Reg. No.: |
89B00133 |
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Legal Form : |
Public
Limited Company |
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Line of Business : |
Manufacture
of other organic basic chemicals |
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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Maximum Credit Limit : |
100 000 Euros |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
ARCHIMICA SAS
Trading name
HEXACHIMIE HEXAPHARM
Address (Head office)
Zi Laville 47240 BON ENCONTRE (LOT ET
GARONNE)
Telephone :
05 53 69 13 00
summary
|
Legal form |
5599 - Public limited company -
board of directors |
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Registration date |
01 october 1987 |
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Share capital |
10 374 300 Euros |
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RC Number |
89B00133 |
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Activity |
241G - Manufacture of other
organic basic chemicals |
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Staff |
180 |
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Number of branches |
2 |
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Trading category |
Direct owner-operator |
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Banks |
BNP 92 LA DEFENSE |
MAIN DIRECTORS
|
Chairman |
CLARIANT LIFE SCIENCE MOLECULES
HOLDING |
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represented by ABEL Philippe |
Auditorship
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Titular auditor |
DELOITTE TOUCHE TOHMATSU |
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Titular auditor |
DELOITTE & ASSOCIES |
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Substitute auditor |
DELOITTE ET TOUCHE TOHMATSU
AUDIT |
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Substitute auditor |
BEAS |
1 Registered
shareholder(s)
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- ARCHIMICA
FRANCE => 100,00% |
RCS : 490 756 038 |
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(Source - ORT : 03/08/2006) |
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None Registered stake(s)
REVIEW OF BODACC
INCIDENTS
|
08/08/2006 |
modification of the
representatives |
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08/08/2006 |
modification of registered
capital |
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30/06/2006 |
modification of the
representatives |
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30/06/2006 |
modification of the head office
address |
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30/06/2006 |
modification of the denomination |
ASSETS
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|
31/12/2003 |
31/12/2004 |
31/12/2005 |
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E |
% |
E |
% |
E |
% |
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FIXED ASSETS |
17 136 091 |
47,81 |
15 129 706 |
48,39 |
15 236 208 |
43,11 |
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Intangible
fixed assets |
0 |
0 |
0 |
0 |
0 |
0 |
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Tangible
fixed assets |
17 107 912 |
47,73 |
15 100 197 |
48,3 |
15 206 698 |
43,03 |
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Investments |
28 180 |
0,08 |
29 509 |
0,09 |
29 509 |
0,08 |
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CURRENT ASSETS |
18 533 776 |
51,71 |
16 126 187 |
51,58 |
20 072 421 |
56,79 |
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Stocks |
9 389 883 |
26,2 |
4 054 474 |
12,97 |
6 424 505 |
18,18 |
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Receivables |
9 091 584 |
25,36 |
12 068 519 |
38,6 |
13 647 064 |
38,61 |
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Cash |
52 309 |
0,15 |
792 |
0 |
852 |
0 |
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Adjustment accounts |
174 418 |
0,49 |
8 892 |
0,03 |
34 334 |
0,1 |
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TOTAL
ASSETS |
35 844 285 |
100 |
31 264 785 |
100 |
35 342 963 |
100 |
LIABILITIES
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|
31/12/2003 |
31/12/2004 |
31/12/2005 |
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E |
% |
E |
% |
E |
% |
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EQUITY |
16 873 695 |
47,07 |
12 740 959 |
40,75 |
10 131 036 |
28,66 |
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Share
capital |
5 162 300 |
14 |
5 162 300 |
17 |
5 162 300 |
15 |
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RISK PROVISIONS |
1 190 428 |
3,32 |
1 662 629 |
5,32 |
1 402 629 |
3,97 |
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DEBTS |
17 765 678 |
49,56 |
16 861 197 |
53,93 |
23 809 298 |
67,37 |
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Borrowings |
11 023 249 |
30,75 |
10 936 681 |
34,98 |
14 543 647 |
41,15 |
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Supplier's
debts |
3 659 717 |
10,21 |
3 252 250 |
10,4 |
3 665 079 |
10,37 |
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Tax |
1 921 904 |
5,36 |
1 195 167 |
3,82 |
3 542 052 |
10,02 |
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Other
debts |
1 160 807 |
3,24 |
1 477 100 |
4,72 |
2 058 520 |
5,82 |
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Adjustment accounts |
14 485 |
0,04 |
0 |
0 |
0 |
0 |
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TOTAL
LIABILITIES |
35 844 285 |
100 |
31 264 785 |
100 |
35 342 963 |
100 |
FINANCIAL DETAILS
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|
31/12/2003 |
31/12/2004 |
31/12/2005 |
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over 12 months |
over 12 months |
over 12 months |
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E |
% |
E |
% |
E |
% |
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Turnover |
32 155 365 |
-16,40 |
30 443 178 |
-5,32 |
26 355 237 |
-13,43 |
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Export turnover |
23 618 008 |
-9,36 |
24 644 051 |
4,34 |
19 576 860 |
-20,56 |
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Net income |
-2 705 299 |
NC |
-4 126 555 |
NC |
-4 540 042 |
NC |
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Equity |
16 873 695 |
-28,12 |
12 740 959 |
-24,49 |
10 131 036 |
-20,48 |
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in
Euros over 12 months |
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Turnover |
Export turnover |
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Net income |
Equity |
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Auditor's opinion
approved without reservations or observations for the financial year ending 31/12/2005
LEGAL PROCEEDINGS
None
GENERAL PRIORITY
CLAIMS
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Social security |
No inscription |
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Tax arrears |
No inscription |
INFORMATION
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Monthly average of suppliers' credit : 211 752 Euros |
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The company owns |
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- Patents, grantings |
No |
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- Lands |
Yes |
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- Buildings |
Yes |
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Productive fixed assets excluding leasing are assessed at
40 920 948 Euros |
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Stocks turn over 1,8 times a year up to
6 424 505 Euros |
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in a current asset of 20 072 421 Euros |
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Shareholders'equity are 10 131 036 Euros |
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for an overall indebtedness of 23 809 298 Euros |
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Suppliers' percentage represents 15,39 % of this debt
and correspond to an average payment time of 66,19 days |
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OPINION
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SEREFAC guarantee |
No |
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Financial structure |
balanced |
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Cash |
medium |
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Profitability |
nil |
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Commitments |
fulfilled to date |
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Payments |
nothing to report |
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Defaults |
none |
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Subject history |
needs certain reserve |
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Credit limit |
100 000 Euros |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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