MIRA INFORM REPORT

 

 

Report Date :

16.07.2007

 

IDENTIFICATION DETAILS

 

Name :

CAPSUGEL FRANCE

 

 

Registered Office :

10 Rue Timken, 68000 Colmar Fr

 

 

Country :

France

 

 

Financials (as on) :

30.11.2005

 

 

Date of Incorporation :

01 January 1970

 

 

Com. Reg. No.:

70B00111

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Miscellaneous manufacturing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

150000 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

NAME & ADDRESS

 

CAPSUGEL FRANCE

10 RUE TIMKEN

68000 COLMAR FR

Tel. Number       +33-3-89233993

Fax number       +33-3-89414811

 

 

Business founded

01 January 1970

Registration number,

70B00111, COLMAR,

Legal form

Public limited company (no information regarding quotation)

Activities

Miscellaneous manufacturing

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 150000 EUR is advised

 

The export volume in percentage of total sales for the company.  52,78

 

Financial structure (balance sheet analysis) : Good 

 

Cash situation (balance sheet analysis) : Good 

 

Profitability (balance sheet analysis) : Good 

 

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

 

Payment defaults : None 

Employees (Business)

 333

Total number of shareholders

 1

Total share capital30 November 2005

EUR 1280000

Branch office(s)

RUE TOBIAS STIMMER,67400 ILLKIRCH GRAFFENSTADEN   

 

   Others

Bank

NATIXIS 67 STRASBOURG   

Board members

MOURISSE CARL   President

Management

VERTOMMEN JAN   Managing director

 

GUBIANI CHRISTIAN   Managing director

Auditor

BERNARD CHRISTOPHE   Deputy auditor

Parent company :

612009936   PFIZER HOLDING FRANCE   100,00 %   

 

 

 

 

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

 

Turnover for the period: 00 0000 - 30 November 2005  in  EUR 83.445.227,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 November 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

68.093.085,-

Total fixed assets

20.116.382,-

Total intangible fixed assets

7.817,-

Concessions and industrial rights, goodwill

7.817,-

Total tangible fixed assets

19.628.357,-

Land and buildings

7.958.305,-

Plant, machinery and equipment

7.927.082,-

Total financial fixed assets

480.206,-

Loans, shares and participations

475.937,-

Investments (long-term)

4.089,-

Total Current assets

47.968.770,-

Inventories and work in progress (incl. prepayments)

7.543.639,-

Accounts receivable (trade)

18.787.609,-

Cash in hand and at bank

12.916.865,-

Total accrued income and prepaid expenses

317.559,-

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

68.093.085,-

Total equity (Shareholders' funds)

45.713.846,-

Issued (subscribed) capital

1.280.000,-

Legal reserves

128.000,-

Profit or loss carried forward

31.715.884,-

Profit or loss for the previous year

11.873.686,-

Profit or loss for the financial year

11.045.330,-

Total provisions

373.075,-

Total liabilities

21.972.767,-

Total long-term liabilities

4.884.177,-

Long-term Loans, Mortgage debts

4.884.177,-

Total current liabilities

17.088.588,-

Current accounts payable (trade)

9.299.278,-

Income and social tax liabilities

6.740.124,-

Borrowing ratio

47,81 %

Current ratio

280,71 %

Debt gearing

10,63 %

Profit margin.

20,14 %

Quick ratio

236,56 %

Return on assets

24,68 %

Return on equity.

24,03 %

Solidity or equity ratio

67,50 %

 

Corporate profit and loss account for the year: 00 0000 - 30 November 2005  in  EUR 

Total operating income/revenue

84.705.576,-

Main revenue (sales/turnover)

83.445.227,-

Total operating expenses

67.897.321,-

Cost of materials (type of expenditure format)

13.706.746,-

Personnel costs

12.968.900,-

Depreciation

4.029.872,-

Operating profit or loss

16.808.255,-

Financial income

351.067,-

Financial expenses

83.572,-

Result of ordinary operations

17.075.749,-

Extraordinary income

1.325.375,-

Extraordinary expenses

1.360.837,-

Extraordinary result

-35.462,-

Pre-tax and pre-appropriation profit or loss

17.075.749,-

Taxes

4.585.369,-

Net profit or loss

11.045.330,-

 

Turnover for the period: 00 0000 - 30 November 2004  in  EUR 86.645.085,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 November 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

54.565.591,-

Total fixed assets

19.235.282,-

Total intangible fixed assets

13.393,-

Concessions and industrial rights, goodwill

13.393,-

Total tangible fixed assets

18.773.617,-

Land and buildings

5.980.190,-

Plant, machinery and equipment

8.787.389,-

Total financial fixed assets

448.269,-

Loans, shares and participations

431.805,-

Investments (long-term)

4.089,-

Total Current assets

35.272.957,-

Inventories and work in progress (incl. prepayments)

6.111.208,-

Accounts receivable (trade)

21.786.049,-

Cash in hand and at bank

2.463.583,-

Total accrued income and prepaid expenses

313.597,-

Total equity, provisions, liabilities, accrued expenses and deferred

income

54.565.591,-

Total equity (Shareholders' funds)

34.691.025,-

Issued (subscribed) capital

1.280.000,-

Legal reserves

128.000,-

Profit or loss carried forward

19.842.197,-

Profit or loss for the previous year

10.287.840,-

Profit or loss for the financial year

11.873.686,-

Total provisions

194.436,-

Total liabilities

19.668.174,-

Total long-term liabilities

1.304.737,-

Long-term Loans, Mortgage debts

1.304.737,-

Total current liabilities

18.363.435,-

Current accounts payable (trade)

11.167.859,-

Income and social tax liabilities

6.362.600,-

Borrowing ratio

-20,66 %

Current ratio

192,08 %

Debt gearing

-1,37 %

Profit margin.

21,52 %

Quick ratio

158,80 %

Return on assets

34,17 %

Return on equity.

34,10 %

Solidity or equity ratio

63,81 %

 

Corporate profit and loss account for the year: 00 0000 - 30 November 2004  in  EUR 

Total operating income/revenue

88.284.121,-

Main revenue (sales/turnover)

86.645.085,-

Total operating expenses

69.641.739,-

Cost of materials (type of expenditure format)

17.469.193,-

Personnel costs

12.552.836,-

Depreciation

4.223.763,-

Operating profit or loss

18.642.381,-

Financial income

442.077,-

Financial expenses

165.771,-

Result of ordinary operations

18.918.687,-

Extraordinary income

892.843,-

Extraordinary expenses

689.011,-

Extraordinary result

203.831,-

Pre-tax and pre-appropriation profit or loss

18.918.688,-

Taxes

5.728.800,-

Net profit or loss

11.873.686,-

 

Turnover for the period: 00 0000 - 30 November 2003  in  EUR 76.133.751,00

 Not consolidated profit and loss turnover of the business: 

 

Corporate balance sheet for the year: 00 0000 - 30 November 2003  in  EUR 

Total assets incl. prepaid expenses and accrued income

49.801.253,-

Total fixed assets

19.033.783,-

Total intangible fixed assets

20.102,-

Concessions and industrial rights, goodwill

16.305,-

Total tangible fixed assets

18.609.636,-

Land and buildings

6.510.489,-

Plant, machinery and equipment

9.986.256,-

Total financial fixed assets

404.044,-

Loans, shares and participations

385.520,-

Total Current assets

30.676.420,-

Inventories and work in progress (incl. prepayments)

5.223.881,-

Accounts receivable (trade)

16.390.480,-

Cash in hand and at bank

5.036.971,-

Total accrued income and prepaid expenses

277.311,-

Total equity, provisions, liabilities, accrued expenses and deferred

income

49.801.253,-

Total equity (Shareholders' funds)

30.965.182,-

Issued (subscribed) capital

1.280.000,-

Legal reserves

128.000,-

Profit or loss carried forward

17.554.357,-

Profit or loss for the financial year

10.287.840,-

Total provisions

211.784,-

Total liabilities

18.602.747,-

Total long-term liabilities

1.424.096,-

Long-term Loans, Mortgage debts

1.424.096,-

Total current liabilities

17.178.649,-

Current accounts payable (trade)

8.076.458,-

Income and social tax liabilities

5.518.860,-

Borrowing ratio

59,81 %

Current ratio

178,57 %

Debt gearing

4,58 %

Profit margin.

21,88 %

Quick ratio

148,16 %

Return on assets

33,44 %

Return on equity.

33,07 %

Solidity or equity ratio

62,46 %

 

Corporate profit and loss account for the year: 00 0000 - 30 November 2003  in  EUR 

Total operating income/revenue

78.191.118,-

Main revenue (sales/turnover)

76.133.751,-

Total operating expenses

61.536.611,-

Cost of materials (type of expenditure format)

11.022.562,-

Personnel costs

11.519.375,-

Depreciation

3.972.814,-

Operating profit or loss

16.654.507,-

Financial income

374.260,-

Financial expenses

307.303,-

Result of ordinary operations

16.721.463,-

Extraordinary income

1.010.534,-

Extraordinary expenses

971.051,-

Extraordinary result

39.482,-

Pre-tax and pre-appropriation profit or loss

16.721.464,-

Taxes

5.139.928,-

Net profit or loss

10.287.840,-

 

 

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