MIRA
INFORM REPORT
|
Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
RHODIA POLYAMIDE
INTERMEDIATES |
|
|
|
|
Registered Office : |
Avenue Albert
Ramboz, 69190 St Fons Fr |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
28 November 1994 |
|
|
|
|
Com. Reg. No.: |
00B02716 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of miscellaneous organic basic chemicals |
RATING & COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
Dissolved |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
name & address
RHODIA POLYAMIDE
INTERMEDIATES
AVENUE ALBERT
RAMBOZ
69190 ST
FONS FR
Tel. Number +33-4-72739494
Fax number +33-4-72739429
|
Business founded |
28 November 1994 |
|
Business registered |
29 November 1994 - Public limited company (no information regarding
quotation) |
|
Registration number, |
00B02716, |
|
party identification, |
399080845, |
|
Legal form |
Public limited company (no information regarding quotation) |
|
Activities |
Manufacture of miscellaneous organic basic chemicals |
|
Legal form |
Public limited company (no information regarding quotation) |
|
Activities |
Manufacture of miscellaneous organic basic chemicals |
|
|
dissolved 02 January 2007 |
|
|
The export volume in percentage of |
|
Employees (Business) |
45 |
|
Total share capital31 December 2005 |
EUR 15000000 |
|
Bank |
BNP BP 69 |
|
Boardmembers |
SCHMITT LAURENT President |
|
Auditor |
NICOLAS YVES Deputy auditor |
|
|
|
|
|
||
|
The business owns or partly owns one or more pieces of land and
buildings? No (Property) |
||
|
|
||
|
Turnover for the period: 00 0000 - 31 December 2005 in
EUR 849.677.891,00 |
||
|
Not consolidated profit and loss turnover of the business: |
||
|
|
||
|
Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
||
|
Total assets incl. prepaid expenses and accrued income |
287.969.443,- |
|
|
Total fixed assets |
28.390.368,- |
|
|
Total intangible fixed assets |
15.439.647,- |
|
|
Total tangible fixed assets |
52.350,- |
|
|
Total financial fixed assets |
12.898.371,- |
|
|
Loans, shares and participations |
2.681.919,- |
|
|
Total Current assets |
259.104.167,- |
|
|
Inventories and work in progress (incl. prepayments) |
29.429.976,- |
|
|
Accounts receivable (trade) |
118.798.955,- |
|
|
Cash in hand and at bank |
943.838,- |
|
|
Total accrued income and prepaid expenses |
1.589.676,- |
|
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
287.969.443,- |
|
|
Total equity (Shareholders' funds) |
24.718.240,- |
|
|
Issued (subscribed) capital |
|
|
|
Share premium account (capital reserve) |
10.395,- |
|
|
Legal reserves |
1.500.000,- |
|
|
Profit or loss carried forward |
-16.590.700,- |
|
|
Profit or loss for the previous year |
-16.765.859,- |
|
|
Profit or loss for the financial year |
24.553.644,- |
|
|
Total provisions |
2.435.550,- |
|
|
Total liabilities |
260.215.766,- |
|
|
Total long-term liabilities |
70.231.951,- |
|
|
Long-term Loans, Mortgage debts |
70.231.951,- |
|
|
Total current liabilities |
189.983.814,- |
|
|
Current accounts payable (trade) |
167.763.587,- |
|
|
Income and social tax liabilities |
4.060.662,- |
|
|
Borrowing ratio |
988,45 % |
|
|
Current ratio |
136,38 % |
|
|
Debt gearing |
266,78 % |
|
|
Profit margin. |
3,69 % |
|
|
Quick ratio |
120,89 % |
|
|
Return on assets |
10,89 % |
|
|
Return on equity. |
93,27 % |
|
|
Solidity or equity ratio |
9,14 % |
|
|
|
||
|
Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
||
|
Total operating income/revenue |
848.289.772,- |
|
|
Main revenue (sales/turnover) |
849.677.891,- |
|
|
Total operating expenses |
816.940.283,- |
|
|
Cost of materials (type of expenditure format) |
17.494.340,- |
|
|
Personnel costs |
4.327.269,- |
|
|
Depreciation |
92.445,- |
|
|
Operating profit or loss |
31.349.489,- |
|
|
Financial income |
10.316.289,- |
|
|
Financial expenses |
14.937.223,- |
|
|
Result of ordinary operations |
26.728.555,- |
|
|
Extraordinary income |
161.037,- |
|
|
Extraordinary expenses |
324.382,- |
|
|
Extraordinary result |
-163.345,- |
|
|
Pre-tax and pre-appropriation profit or loss |
26.728.556,- |
|
|
Taxes |
1.911.567,- |
|
|
Net profit or loss |
24.553.644,- |
|
|
|
||
|
Turnover for the period: 00 0000 - 31 December 2004 in
EUR 761.875.779,00 |
||
|
Not consolidated profit and loss turnover of the business: |
||
|
|
||
|
Corporate balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
||
|
Total assets incl. prepaid expenses and accrued income |
254.786.930,- |
|
|
Total fixed assets |
19.361.763,- |
|
|
Total intangible fixed assets |
15.506.213,- |
|
|
Total tangible fixed assets |
78.229,- |
|
|
Total financial fixed assets |
3.777.321,- |
|
|
Loans, shares and participations |
2.686.262,- |
|
|
Total Current assets |
233.764.753,- |
|
|
Inventories and work in progress (incl. prepayments) |
40.506.143,- |
|
|
Accounts receivable (trade) |
91.209.022,- |
|
|
Cash in hand and at bank |
1.867.990,- |
|
|
Total accrued income and prepaid expenses |
1.660.414,- |
|
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
254.786.930,- |
|
|
Total equity (Shareholders' funds) |
164.597,- |
|
|
Issued (subscribed) capital |
|
|
|
Share premium account (capital reserve) |
10.395,- |
|
|
Legal reserves |
1.500.000,- |
|
|
Profit or loss carried forward |
175.159,- |
|
|
Profit or loss for the previous year |
3.346.537,- |
|
|
Profit or loss for the financial year |
-16.765.859,- |
|
|
Total provisions |
5.782.609,- |
|
|
Total liabilities |
245.191.154,- |
|
|
Total long-term liabilities |
65.843.352,- |
|
|
Long-term Loans, Mortgage debts |
65.843.352,- |
|
|
Total current liabilities |
179.119.127,- |
|
|
Current accounts payable (trade) |
134.829.077,- |
|
|
Income and social tax liabilities |
6.604.269,- |
|
|
Total accrued expenses and deferred income |
228.674,- |
|
|
Borrowing ratio |
6158,85 % |
|
|
Current ratio |
130,34 % |
|
|
Debt gearing |
1653,89 % |
|
|
Profit margin. |
-1,49 % |
|
|
Quick ratio |
107,76 % |
|
|
Return on assets |
-4,47 % |
|
|
Return on equity. |
-421,13 % |
|
|
Solidity or equity ratio |
1,56 % |
|
|
|
||
|
Corporate profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
||
|
Total operating income/revenue |
775.443.991,- |
|
|
Main revenue (sales/turnover) |
761.875.779,- |
|
|
Total operating expenses |
786.833.094,- |
|
|
Cost of materials (type of expenditure format) |
14.980.536,- |
|
|
Personnel costs |
3.959.836,- |
|
|
Depreciation |
82.912,- |
|
|
Operating profit or loss |
-11.389.103,- |
|
|
Financial income |
8.724.786,- |
|
|
Financial expenses |
14.965.511,- |
|
|
Result of ordinary operations |
-17.629.829,- |
|
|
Extraordinary income |
1.056.811,- |
|
|
Extraordinary expenses |
4.767.997,- |
|
|
Extraordinary result |
-3.711.186,- |
|
|
Pre-tax and pre-appropriation profit or loss |
-17.629.828,- |
|
|
Taxes |
-4.083.371,- |
|
|
Net profit or loss |
-16.765.859,- |
|
|
|
||
|
Turnover for the period: 00 0000 - 31 December 2003 in
EUR 679.422.027,00 |
||
|
Not consolidated profit and loss turnover of the business: |
||
|
|
||
|
Corporate balance sheet for the year: 00 0000 - 31 December
2003 in EUR |
||
|
Total assets incl. prepaid expenses and accrued income |
153.218.953,- |
|
|
Total fixed assets |
33.904.932,- |
|
|
Total intangible fixed assets |
15.531.548,- |
|
|
Total tangible fixed assets |
2.615.113,- |
|
|
Total financial fixed assets |
15.758.270,- |
|
|
Loans, shares and participations |
5.510.125,- |
|
|
Total Current assets |
117.199.862,- |
|
|
Inventories and work in progress (incl. prepayments) |
27.297.179,- |
|
|
Accounts receivable (trade) |
39.895.920,- |
|
|
Cash in hand and at bank |
22.701.187,- |
|
|
Total accrued income and prepaid expenses |
2.195.692,- |
|
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
153.218.953,- |
|
|
Total equity (Shareholders' funds) |
16.930.456,- |
|
|
Issued (subscribed) capital |
|
|
|
Share premium account (capital reserve) |
10.395,- |
|
|
Legal reserves |
1.500.000,- |
|
|
Profit or loss carried forward |
-3.171.379,- |
|
|
Profit or loss for the financial year |
3.346.537,- |
|
|
Total provisions |
3.818.473,- |
|
|
Total liabilities |
128.613.166,- |
|
|
Total current liabilities |
128.384.493,- |
|
|
Current accounts payable (trade) |
116.294.680,- |
|
|
Income and social tax liabilities |
2.194.605,- |
|
|
Total accrued expenses and deferred income |
228.673,- |
|
|
Borrowing ratio |
661,23 % |
|
|
Current ratio |
91,13 % |
|
|
Profit margin. |
-0,09 % |
|
|
Quick ratio |
69,90 % |
|
|
Return on assets |
-0,40 % |
|
|
Return on equity. |
17,21 % |
|
|
Solidity or equity ratio |
12,69 % |
|
|
|
||
|
Corporate profit and loss account for the year: 00 0000 - 31
December 2003 in EUR |
||
|
Total operating income/revenue |
674.102.136,- |
|
|
Main revenue (sales/turnover) |
679.422.027,- |
|
|
Total operating expenses |
674.721.024,- |
|
|
Cost of materials (type of expenditure format) |
8.161.188,- |
|
|
Personnel costs |
4.755.663,- |
|
|
Depreciation |
57.965,- |
|
|
Operating profit or loss |
-618.888,- |
|
|
Financial income |
14.856.016,- |
|
|
Financial expenses |
9.014.791,- |
|
|
Result of ordinary operations |
5.222.337,- |
|
|
Extraordinary income |
5.525.808,- |
|
|
Extraordinary expenses |
7.371.118,- |
|
|
Extraordinary result |
-1.845.310,- |
|
|
Pre-tax and pre-appropriation profit or loss |
5.222.337,- |
|
|
Taxes |
30.490,- |
|
|
Net profit or loss |
3.346.537,- |
|
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. |
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%)