MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
LES DERIVES RESINIQUES ET TERPENIQUES |
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Registered Office : |
30 Rue Gambetta 40100
Dax (Landes) |
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Country : |
France |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01.01.1955 |
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Com. Reg. No.: |
55B00015 |
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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 : |
150 000 Euros |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
LES DERIVES RESINIQUES ET TERPENIQUES
Acronym : DRT
Address (Head office) :
30 Rue Gambetta 40100
DAX (LANDES)
Telephone : 05 58 56 62 00
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Legal form |
5599 - Public
Limited Company - board of directors |
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Registration date |
01 january 1955 |
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Share capital |
13 408 000 Euros |
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RC Number |
55B00015 |
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Activity |
241G - Manufacture
of other organic basic chemicals |
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Staff |
506 |
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Number of branches |
4 |
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Trading category |
Direct
owner-operator |
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Banks |
BQUE PELLETIER SG CL
CTRE AFF BNP 40 DAX |
MAIN DIRECTORS
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Chairman of the Board of Directors |
LABATUT Laurent Jean
Andre |
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born
on 18/04/1972 in MONT DE MARSAN (40) |
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General manager |
LABATUT Laurent Jean
Andre |
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born
on 18/04/1972 in MONT DE MARSAN (40) |
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Administrator |
LABATUT Laurent Jean
Andre |
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born
on 18/04/1972 in MONT DE MARSAN (40) |
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Administrator |
DE
LAPORTERIE Vincent Francois Jean |
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born
on 16/12/1974 in RION DES LANDES (40) |
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Administrator |
BLANC Julien Louis
Gaspar |
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born
on 16/12/1974 in BAYONNE (64) |
Auditorship
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Titular Auditor |
BLANDINO Pierre-Damien |
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Titular Auditor |
MARTINEZ Patricia |
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Substitute Auditor |
LAFFARGUE
BROCCO Martine |
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Substitute Auditor |
IGLESIAS William |
1. Registered shareholder(s)
- FAMILLE BLANC =>
indetermined
N° : DFA264602
(Source - ORT : 09/12/2004)
10 Registered stake(s)
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- AHLBORN BARTELT ALLEMAGNE
=> 100,00% |
N° : E00511923 |
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(Source - ORT : 09/12/2004) |
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- GRANEL => 99,99% |
RCS : 895 750 347 |
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(Source - ORT : 09/12/2004) |
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- ACTION PIN => 99,00% |
RCS : 399 412 683 |
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(Source - ORT : 09/12/2004) |
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- WILLERS ENGEL ALLEMAGNE
=> 99,00% |
N° : E00511922 |
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(Source - ORT : 09/12/2004) |
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- NOVABIOL => Subsidiary |
RCS : 390 560 662 |
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(Source - ORT : 09/12/2004) |
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- TERPEX PORTUGAL
=> Subsidiary |
N° : E12100083 |
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(Source - ORT : 09/12/2004) |
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- DCI BRESIL => Subsidiary |
N° : E02300234 |
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(Source - ORT : 09/12/2004) |
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- DERCAN CANADA
=> Subsidiary |
N° : F02901639 |
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(Source - ORT : 09/12/2004) |
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- FIDER => majority |
RCS : 391 317 625 |
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(Source - ORT : 09/12/2004) |
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- SAPIRANGUY PANAMA
=> indetermined |
N° : E11400142 |
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(Source - ORT : 09/12/2004) |
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REVIEW OF BODACC INCIDENTS
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01/12/2005 |
modification of the
representatives |
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08/06/2005 |
modification of the
representatives |
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01/12/2004 |
modification of the
representatives |
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02/06/2004 |
modification of the
representatives |
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05/06/2003 |
modification of the
representatives |
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 |
47 871 621 |
45,98 |
42 695 950 |
44,95 |
52 220 938 |
50,38 |
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Intangible
fixed assets |
471 160 |
0,45 |
231 430 |
0,24 |
222 010 |
0,21 |
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Tangible
fixed assets |
42 533 632 |
40,85 |
38 065 705 |
40,08 |
41 400 183 |
39,94 |
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Investments |
4 866 830 |
4,67 |
4 398 813 |
4,63 |
10 598 744 |
10,23 |
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CURRENT ASSETS |
55 642 988 |
53,45 |
51 547 502 |
54,27 |
51 150 708 |
49,35 |
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Stocks |
31 539 272 |
30,29 |
28 681 199 |
30,2 |
25 319 373 |
24,43 |
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Receivables |
19 689 696 |
18,91 |
19 157 569 |
20,17 |
24 492 686 |
23,63 |
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Cash |
3 376 976 |
3,24 |
3 049 853 |
3,21 |
932 564 |
0,9 |
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Adjustment
accounts |
596 694 |
0,57 |
736 928 |
0,78 |
274 393 |
0,26 |
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TOTAL ASSETS |
104 111 303 |
100 |
94 980 381 |
100 |
103 646 039 |
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 |
65 151 778 |
62,58 |
65 973 416 |
69,46 |
72 053 055 |
69,52 |
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Share
capital |
13 408 000 |
13 |
13 408 000 |
14 |
13 408 000 |
13 |
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RISK PROVISIONS |
453 488 |
0,44 |
531 314 |
0,56 |
529 907 |
0,51 |
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DEBTS |
38 504 265 |
36,98 |
28 474 598 |
29,98 |
31 029 951 |
29,94 |
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Borrowings |
22 222 982 |
21,35 |
10 028 866 |
10,56 |
11 778 995 |
11,36 |
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Supplier's
debts |
8 667 759 |
8,33 |
10 607 085 |
11,17 |
10 501 986 |
10,13 |
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Tax |
6 011 381 |
5,77 |
6 260 403 |
6,59 |
6 748 291 |
6,51 |
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Other
debts |
1 602 143 |
1,54 |
1 578 245 |
1,66 |
2 000 679 |
1,93 |
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Adjustment
accounts |
1 772 |
0 |
1 052 |
0 |
33 127 |
0,03 |
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TOTAL LIABILITIES |
104 111 303 |
100 |
94 980 381 |
100 |
103 646 039 |
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 |
96 960 153 |
-1,04 |
91 761 215 |
-5,36 |
104 340 458 |
13,71 |
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Export turnover |
57 653 013 |
-1,57 |
56 114 338 |
-2,67 |
60 384 404 |
7,61 |
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Net income |
1 573 717 |
-54,15 |
2 335 168 |
48,39 |
2 196 739 |
-5,93 |
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Equity |
65 151 778 |
-2,07 |
65 973 416 |
1,26 |
72 053 055 |
9,22 |
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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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AUDITORS OPINION
Approved
without reservations or observations for the financial year
ending 31/12/2005
LEGAL PROCEEDINGS
None
GENERAL PRIORITY CLAIMS
Social
security No inscription
Tax
arrears No inscription
Information
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Monthly average of suppliers' credit : 799 748 Euros |
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The company
owns |
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- Patents, grantings |
Yes |
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- Lands |
Yes |
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- Buildings |
Yes |
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Productive fixed assets excluding leasing
are assessed at 125 605 729 Euros |
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Stocks turn over 1,65 times a year up to 25 319 373 Euros |
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in a current asset of 51 150 708 Euros |
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Shareholders'equity are 72 053 055 Euros |
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for an overall indebtedness of 31 029 951 Euros |
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Suppliers' percentage represents 33,84 % of this debt and
correspond to an average payment time of 50,21 days |
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OPINION
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SEREFAC guarantee |
Yes |
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Financial structure |
good |
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Cash |
good |
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Profitability |
good |
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Commitments |
respected |
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Payments |
regular |
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Defaults |
none |
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Subject history |
favourable |
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Credit limit |
150 000 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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