MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
D'IMPORTATION ET DE RAFFINAGE D'HUILES |
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Registered Office : |
41
Boulevard De La Republique 76400 Fecamp (Seine-Maritime) |
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Country : |
France |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
01.01.1957 |
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Com. Reg. No.: |
2000B00038 |
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Legal Form : |
Public
Limited Company |
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Line of Business : |
Manufacture
of crude oils and fats. |
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
SOCIETE
D'IMPORTATION ET DE RAFFINAGE D'HUILES
Acronym : SIRH
Trading
name : LABORATOIRE SOETENAEY
Address
(Head office) : 41
Boulevard de la Republique 76400 FECAMP (SEINE-MARITIME)
Telephone :
02 35 29 28 54
Fax :
02 35 27 64 29
|
Legal form |
5699 -
Public limited company - board of directors |
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Registration date |
01 january 1957 |
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Share capital |
2 000 000 Euros |
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RC Number |
2000B00038 |
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Activity |
154A -
Manufacture of crude oils and fats |
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Staff |
18 |
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Number of branches |
1 |
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Trading category |
Direct owner-operator |
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Banks |
SG
CIC/CREDIT FECAMPOIS CA 76 FECAMP |
MAIN DIRECTORS
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Board of directors chairman |
DAUDRUY Arnauld Herve
Christian |
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born on 06/07/1973 in
FECAMP (76) |
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General manager |
DAUDRUY Arnauld Herve
Christian |
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born on 06/07/1973 in
FECAMP (76) |
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Supervisory board chairman |
DAUDRUY Veronique Therese
Marie Joseph |
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born on 05/02/1950 in
LILLE |
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Supervisory board vice-chairm. |
MICHAUT Stephanie Claudine
Marie-Josephe |
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born on 14/02/1975 in
FECAMP (76) |
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Board of directors member |
MAYAUD Caroline Aline
Veronique |
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born on 19/01/1978 in
FECAMP (76) |
Auditorship
Titular
auditor KPMG
SA
Substitute
auditor THOUVENEL Eric
1 Registered shareholder(s)
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- FAMILLE
DAUDRUY => 100,00% |
N° : DFA285057 |
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(Source - ORT : 04/01/2007) |
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2 Registered stake(s)
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- WINTERISATION
EUROPE => 100,00% |
RCS : 413 620 378 |
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(Source - ORT : 04/01/2007) |
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- SOCIETE
INDUSTRIELLE ET COMMERCIALE POUR LE TRAITEMENTINTEGRAL =>
100,00% |
RCS : 057 808 388 |
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(Source - ORT : 04/01/2007) |
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REVIEW OF BODACC INCIDENTS
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03/04/2006 |
modification of the
representatives |
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01/10/2005 |
modification of the
representatives |
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31/03/2000 |
modification of the
representatives |
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31/03/2000 |
modification of registered
capital |
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31/03/2000 |
modification
of the legal status |
ASSETS
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31/03/2003 |
31/03/2004 |
31/03/2005 |
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E |
% |
E |
% |
E |
% |
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FIXED ASSETS |
1 777 677 |
23,95 |
1 324 779 |
13,74 |
1 284 940 |
12,47 |
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Intangible
fixed assets |
15 480 |
0,21 |
11 476 |
0,12 |
10 051 |
0,1 |
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Tangible
fixed assets |
256 709 |
3,46 |
260 615 |
2,7 |
222 199 |
2,16 |
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Investments |
1 505 486 |
20,28 |
1 052 688 |
10,92 |
1 052 688 |
10,21 |
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CURRENT ASSETS |
5 644 469 |
76,03 |
8 316 839 |
86,25 |
9 012 648 |
87,43 |
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Stocks |
672 872 |
9,06 |
793 115 |
8,22 |
783 748 |
7,6 |
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Receivables |
1 831 196 |
24,67 |
2 839 709 |
29,45 |
5 505 389 |
53,41 |
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Cash |
3 140 400 |
42,3 |
4 684 015 |
48,58 |
2 689 897 |
26,09 |
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Adjustment accounts |
1 801 |
0,02 |
1 209 |
0,01 |
10 543 |
0,1 |
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TOTAL
ASSETS |
7 423 947 |
100 |
9 642 827 |
100 |
10 308 131 |
100 |
LIABILITIES
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31/03/2003 |
31/03/2004 |
31/03/2005 |
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E |
% |
E |
% |
E |
% |
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EQUITY |
5 750 327 |
77,46 |
7 774 040 |
80,62 |
8 699 467 |
84,39 |
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Share
capital |
2 000 000 |
27 |
2 000 000 |
21 |
2 000 000 |
19 |
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RISK PROVISIONS |
0 |
0 |
0 |
0 |
0 |
0 |
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DEBTS |
1 673 620 |
22,54 |
1 868 788 |
19,38 |
1 608 664 |
15,61 |
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Borrowings |
862 693 |
11,62 |
648 713 |
6,73 |
513 416 |
4,98 |
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Supplier's
debts |
549 083 |
7,4 |
584 316 |
6,06 |
646 748 |
6,27 |
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Tax |
241 095 |
3,25 |
615 962 |
6,39 |
406 699 |
3,95 |
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Other
debts |
20 749 |
0,28 |
19 796 |
0,21 |
41 799 |
0,41 |
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Adjustment accounts |
0 |
0 |
0 |
0 |
0 |
0 |
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TOTAL
LIABILITIES |
7 423 947 |
100 |
9 642 827 |
100 |
10 308 131 |
100 |
FINANCIAL DETAILS
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31/03/2003 |
31/03/2004 |
31/03/2005 |
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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 |
6 687 026 |
9,70 |
7 212 224 |
7,85 |
8 042 067 |
11,51 |
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Export turnover |
1 045 729 |
12,93 |
908 683 |
-13,11 |
985 337 |
8,44 |
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Net income |
444 885 |
-23,22 |
2 327 671 |
423,21 |
1 249 428 |
-46,32 |
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Equity |
5 750 327 |
2,36 |
7 774 040 |
35,19 |
8 699 467 |
11,90 |
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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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KEY FIGURES
Up to 31 mars 2006
Turnover 8 598 000 E
Net income 654 000 E
Auditor's opinion
Approved
without reservations or observations for the financial year
ending 31/03/2005
LEGAL PROCEEDINGS
None
INFORMATION
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Monthly average of suppliers' credit : 78 511 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 447 189 Euros |
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Stocks turn over 6,9 times a year up to 783 748 Euros |
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in a current asset of 9 012 648 Euros |
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Shareholders'equity are 8 699 467 Euros |
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for an overall indebtedness of 1 608 664 Euros |
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Suppliers' percentage represents 40,20 % of this debt and
correspond to an average payment time of 31,47 days |
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OPINION
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This
information was last amended on 04
january 2007, |
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we estimate : |
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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 |
excellent |
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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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