MIRA
INFORM REPORT
|
Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BAYER CROPSCIENCE SA |
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Registered Office : |
16 Rue Jean Marie Leclair 69009 Lyon 9EME |
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Country : |
France |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
January1954 |
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Com. Reg. No.: |
RCS Lyon B 969503309 |
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|
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|
Legal Form : |
Public Limited Company with Board of Directors |
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|
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|
Line of Business : |
Manufacturing Pesticide and Other Agricultural Chemical |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(€) 2,000,000 |
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|
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|
Status : |
Very Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
|
|
Company Number |
96950330901035 |
|
Name |
BAYER CROPSCIENCE SA |
|
Telephone |
04 72 85 45 45 |
|
Fax |
04 72 85 43 83 |
|
Legal form |
Public limited company with board of directors |
|
RCS Registration |
RCS Lyon B 969503309 |
|
Share Capital |
429,789,194 |
|
Address |
16 RUE JEAN MARIE LECLAIR |
|
Postcode |
69009 LYON 9EME |
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Nationality |
France |
|
CREDIT
INFORMATION SUMMARY |
||
|
Today's Credit Limit (€) |
2,000,000 |
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|
JUDGEMENTS
SUMMARY |
|
|
Last Published Preferential Right |
27/02/2008 |
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|
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DIRECTORS
SUMMARY |
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Directorships |
2 |
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ACCOUNTS SUMMARY
(LAST 3 YEARS) |
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Accounts Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
|
Turnover |
461,975,004 |
474,112,488 |
504,090,710 |
|
Networth |
1,049,264,757 |
1,037,638,215 |
1,088,493,326 |
|
Number of Employees |
500 to 999 employees |
- |
- |
Company
Information
|
COMPANY DETAILS |
|
|
Company Name |
BAYER CROPSCIENCE SA |
|
Company Number |
96950330901035 |
|
Activity (APE) |
Fabrication de pesticides et d’autres produits agrochimiques |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
429,789,194 |
|
Registration Court |
Lyon (69) |
|
Legal form |
Public limited company with board of directors |
|
Court Registry Number |
54 B 00339 |
|
EU VAT Number |
FR53969503309 |
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Formation Date |
01/1954 |
|
Last account Date |
31/12/2007 |
|
Nationality |
France |
|
ESTABLISHMENT
DETAILS |
|
|
Postal Address |
16 RUE JEAN MARIE LECLAIR, |
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Trading Address |
16 RUE JEAN MARIE LECLAIR, |
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Telephone |
04 72 85 45 45 |
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Fax |
04 72 85 43 83 |
|
Type |
Head office |
|
Status |
Economically active |
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Formation Date |
01/1954 |
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Reason for formation |
Formation |
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Activity Location |
Other |
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OTHER
ESTABLISHMENTS |
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Branches |
23 branch entities in this company |
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Regionality |
Mono-regional company: all the branches are located in the same region |
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Mono-activity status |
Legal unit with several establishments of which main activities are distributed
in several NAF classes, one of these activities gathering 80 to 99% of
workforce |
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WORKFORCES |
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Workforce at address |
250 to 499 employees |
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Company workforce |
500 to 999 employees |
Accounts
& Ratios
|
PROFIT &
LOSS |
|||||
|
Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
|
Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
|
Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
461,975,004 |
-2.6% |
474,112,488 |
-5.9% |
504,090,710 |
|
Exports |
351,480,139 |
-2.4% |
360,259,041 |
-2.5% |
369,604,819 |
|
Operating Charges |
458,675,512 |
1.2% |
453,384,034 |
-21.0% |
573,860,357 |
|
Operating Profit |
62,672,699 |
-3.9% |
65,219,855 |
9.4% |
59,619,591 |
|
Financial Income |
76,801,008 |
98.3% |
38,730,140 |
-52.8% |
82,081,492 |
|
Financial Charges |
15,854,634 |
-72.0% |
56,603,936 |
76.5% |
32,073,900 |
|
Pre-Tax Profit |
123,619,073 |
161.0% |
47,365,037 |
-56.7% |
109,385,891 |
|
Extraordinary Income |
249,592,916 |
67.9% |
148,652,397 |
134.2% |
63,469,510 |
|
Extraordinary Charges |
243,267,125 |
13.9% |
213,554,244 |
201.1% |
70,930,714 |
|
Net Profit |
91,699,656 |
281.2% |
-50,618,759 |
-174.4% |
68,069,651 |
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|
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BALANCE SHEET |
|||||
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Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
|
Assets |
|||||
|
- Tangible assets |
30,199,140 |
9.3% |
27,631,413 |
-8.7% |
30,266,072 |
|
Intangible assets |
1,331,008 |
-34.1% |
2,020,214 |
-30.7% |
2,915,520 |
|
Financial assets |
1,005,161,587 |
9.7% |
916,585,296 |
-13.4% |
1,058,575,943 |
|
Total fixed assets |
1,036,691,735 |
9.6% |
946,236,922 |
-13.3% |
1,091,757,536 |
|
Stocks |
68,659,542 |
1.2% |
67,836,714 |
-21.8% |
86,736,127 |
|
Receivables |
99,630,931 |
-54.3% |
218,220,277 |
51.9% |
143,625,246 |
|
- Trade Receivables |
80,201,064 |
-19.0% |
99,059,712 |
-6.4% |
105,845,080 |
|
- Misc. Receivables |
19,429,867 |
- |
119,160,565 |
- |
37,780,166 |
|
Cash |
11,426,131 |
-64.3% |
31,987,386 |
130.9% |
13,855,482 |
|
Misc. Current Assets |
161,545 |
- |
653,012 |
- |
956,569 |
|
Total Current Assets |
179,878,149 |
-43.6% |
318,697,389 |
30.0% |
245,173,424 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
52,558,931 |
-32.6% |
77,923,528 |
-25.3% |
104,257,081 |
|
Bank Loans and Liabilities |
31,653 |
1,501.1% |
1,977 |
-95.7% |
46,170 |
|
Sundry Loan and Liabilities |
1,501,302 |
- |
1,448,560 |
- |
1,334,705 |
|
Advanced Payments Received |
25,800 |
-50.6% |
52,192 |
102.7% |
25,746 |
|
Tax and Social Liabilities |
39,712,185 |
16.8% |
33,991,921 |
27.7% |
26,621,061 |
|
Miscellaneous Liabilities |
7,046,157 |
- |
19,940,123 |
- |
5,423,633 |
|
Provisions for Risks & Charges |
66,404,508 |
-30.3% |
95,224,561 |
-13.1% |
109,639,391 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
429,789,194 |
0.0% |
429,789,195 |
0.0% |
429,789,195 |
|
Revaluation Reserve |
99,090 |
0.0% |
99,090 |
0.0% |
99,090 |
|
Other Reserves |
619,376,473 |
- |
607,749,930 |
- |
658,605,041 |
|
Total Shareholders Funds |
1,049,264,757 |
1.1% |
1,037,638,215 |
-4.7% |
1,088,493,326 |
|
Total Assets |
1,217,872,073 |
-3.9% |
1,267,163,821 |
-5.3% |
1,337,461,204 |
|
Net Worth |
1,047,933,749 |
- |
1,035,618,001 |
- |
1,085,577,806 |
|
|
|
|
|
|
|
|
RATIOS |
|||||
|
Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
|
Structure |
|||||
|
Protection |
86.16% |
|
81.89% |
|
81.39% |
|
Net Gearing |
0.13% |
|
0.11% |
|
0.10% |
|
Repayment Power |
1.14% |
|
1.54% |
|
1.07% |
|
Capital Requirement |
63.00 day |
|
143.00 day |
|
77.00 day |
|
Working Capital Requirement |
54.00 day |
|
119.00 day |
|
68.00 day |
|
Net Cash |
9.00 day |
|
24.00 day |
|
10.00 day |
|
Performance |
|||||
|
Return on Invested Capital |
3.00% |
|
2.00% |
|
1.00% |
|
Return on Equity |
8.74% |
|
-4.88% |
|
6.25% |
|
Gross Profit |
25.25% Turnover |
|
22.96% Turnover |
|
21.23% Turnover |
|
Growth v's Year Ago Qtr |
-12,137,484€ |
|
-29,978,222€ |
|
-565,951,329€ |
|
Inventory Returns |
26.00 day |
|
-35.00 day |
|
7.00 day |
|
Receivables Days |
63.00 day |
|
75.00 day |
|
76.00 day |
|
Payable Days |
55.00 day |
|
81.00 day |
|
95.00 day |
|
SIG |
|||||
|
Profit |
28.74% Turnover |
|
26.65% Turnover |
|
23.34% Turnover |
|
Gross Profit |
25.25% Turnover |
|
22.96% Turnover |
|
21.23% Turnover |
|
Wage and Salary distribution / Gross Profit |
63.38% Turnover |
|
71.67% Turnover |
|
80.06% Turnover |
|
Gross Operating Surplus |
7.34% Turnover |
|
4.81% Turnover |
|
2.27% Turnover |
|
Pre-tax Income |
26.76% Turnover |
|
9.99% Turnover |
|
21.75% Turnover |
|
Net Profit/Loss |
19.85% |
|
-10.68% |
|
13.55% |
Judgements
Collective Procedures
|
Courts |
|
There are no Judgements filed against this company. |
|
Rncs |
|
There are no Judgements filed against this company. |
|
Bodacc |
|
There are no Judgements filed against this company. |
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Preferentials Rights |
|
|
CCJ Type |
Privilège(s) du Trésor |
|
Effective Date |
27/02/2008 |
|
Amount |
15,511,828 |
|
Creditor |
LE COMPTABLE DE LA DIRECTION DES GRANDES ENTREPRISES |
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Radiation Amount |
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|
Partial Radiation Date |
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|
Radition Date |
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Group
Structure
|
Ultimate Parent |
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|
Ultimate Parent Company |
BAYER AKTIENGESELLSCHAFT |
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|
Companies in Group |
60 |
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|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
BAYER AKTIENGESELLSCHAFT |
Germany |
- |
N/A |
|
-BAYER CROPSCIENCE AG |
Germany |
100 % |
N/A |
|
-BAYER S.A.S. |
562038893 |
74.28 % |
31/12/2007 |
|
-BAYER SANTE |
706580149 |
100 % |
31/12/2007 |
|
BAYER SANTÉ FAMILIALE |
796580496 |
99.99 % |
31/12/2007 |
|
-BAYER CROPSCIENCE S.A. |
969503309 |
100 % |
31/12/2007 |
|
RHÔNE-POULENC RURAL AUSTRALIA |
Australia |
100 % |
N/A |
|
RHÔNE-POULENC YUKA AGRO |
Japan |
80 % |
N/A |
|
RHÔNE-POULENC AGRO CANADA |
Canada |
100 % |
N/A |
|
RHÔNE-POULENC AGRO KK |
Japan |
100 % |
N/A |
|
RHÔNE-POULENC AGRO SPA |
Italy |
99.99 % |
N/A |
|
AGREVO MAROC |
Morocco |
50.08 % |
N/A |
|
RHODIA AGRO S.A. |
Brazil |
99.99 % |
N/A |
|
RHÔNE-POULENC AGRO S.A. |
Spain |
100 % |
N/A |
|
BAYER BUSINESS SERVICES GMBH |
Germany |
100 % |
N/A |
|
-BAYER CROPSCIENCE HOLDING |
403102114 |
100 % |
31/12/2007 |
|
BAYER CROPSCIENCE FRANCE |
399137744 |
54.65 % |
31/12/2006 |
|
-AGFA AG |
Germany |
100 % |
N/A |
|
AGFA-GEVAERT AG |
Germany |
100 % |
N/A |
|
BAYER CROPSCIENCE DEUTSCHLAND GMBH |
Germany |
100 % |
N/A |
|
-BAYER HEALTHCARE AG |
Germany |
100 % |
N/A |
|
BAYER SCHERING GMBH |
Germany |
100 % |
N/A |
|
BAYER SCHERING PHARMA AG |
Germany |
96.30 % |
N/A |
|
BAYER SCHERING PHARMA OY |
Finland |
100 % |
N/A |
|
BAYER MATERIALSCIENCE AG |
Germany |
100 % |
N/A |
|
BAYER TECHNOLOGY SERVICES GMBH |
Germany |
100 % |
N/A |
|
BAYER VITAL GMBH |
Germany |
100 % |
N/A |
|
CURRENTA GMBH & CO. OHG |
Germany |
60 % |
N/A |
|
BAYER ANTWERPEN COMM. V |
Belgium |
100 % |
N/A |
|
BAYER BIOLOGICALS S.R.L. |
Italy |
100 % |
N/A |
|
BAYER B.V. |
Netherlands |
100 % |
N/A |
|
BAYER CONSUMER CARE AG |
Switzerland |
100 % |
N/A |
|
BAYER INTERNATIONAL S.A |
Switzerland |
100 % |
N/A |
|
BAYER POLYURETHANES B.V. |
Netherlands |
100 % |
N/A |
|
BAYER PUBLIC LIMITED COMPANY |
United Kingdom |
100 % |
N/A |
|
BAYER S.P.A. |
Italy |
100 % |
N/A |
|
QUÍMICA FARMACÉUTICA BAYER, S.L. |
Spain |
100 % |
N/A |
|
BAYER CORPORATE AND BUSINESS SERVICES LLC |
United States of America |
100 % |
N/A |
|
BAYER CORPORATION |
United States of America |
100 % |
N/A |
|
BAYER CROPSCIENCE INC. |
Canada |
100 % |
N/A |
|
BAYER CROPSCIENCE LP |
United States of America |
100 % |
N/A |
|
-BAYER HEALTHCARE LLC |
United States of America |
100 % |
N/A |
|
BAYER HEALTHCARE PHARMACEUTICALS INC. |
United States of America |
100 % |
N/A |
|
BAYER INC |
Canada |
100 % |
N/A |
|
BAYER MATERIALSCIENCE LLC |
United States of America |
100 % |
N/A |
|
BAYER PHARMACEUTICALS CORPORATION |
United States of America |
100 % |
N/A |
|
BAYPO LIMITED PARTNERSHIP |
United States of America |
100 % |
N/A |
|
MEDRAD INC. |
United States of America |
100 % |
N/A |
|
BAYER AUSTRALIA LIMITED |
Australia |
100 % |
N/A |
|
BAYER HEALTHCARE CO. LTD |
China |
100 % |
N/A |
|
BAYER MATERIALSCIENCE LIMITED |
Hong Kong |
100 % |
N/A |
|
BAYER MATERIALSCIENCE TRADING (SHANGHAI)
COMPANY LIMITED |
China |
100 % |
N/A |
|
BAYER POLYMERS SHANGHAI CO. LTD. |
China |
90 % |
N/A |
|
BAYER THAI COMPANY LIMITED |
Thailand |
100 % |
N/A |
|
BAYER YAKUHIN |
Japan |
100 % |
N/A |
|
BAYER (PROPRIETARY) LIMITED |
South Africa |
100 % |
N/A |
|
BAYER DE MÉXICO |
Mexico |
100 % |
N/A |
|
BAYER SA |
Argentina |
100 % |
N/A |
|
BAYER SA |
Brazil |
100 % |
N/A |
|
BAYER TÜRK KIMYA SANAYI LIMITED SIRKETI |
Turkey |
100 % |
N/A |
Event
history
|
Status history |
|
|
Date |
Description |
|
04/01/2008 |
Economically active |
|
|
|
|
Recent Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
13/06/2008 |
Bodacc B |
Modification et mutation diverse |
|
69
- RHONE |
||
|
COMPANY EVENTS
HISTORY |
|
|
Date |
Description |
|
13/06/2008 |
New Bodacc B ads detected |
|
15/05/2008 |
Private document |
|
15/05/2008 |
Appointment/resignation of company officers |
|
15/05/2008 |
Minutes of general meeting of shareholders |
|
08/04/2008 |
Filling of Tax Office Preferential Right |
|
31/12/2007 |
New accounts available |
|
13/02/2007 |
Minutes of general meeting of shareholders |
|
13/02/2007 |
Appointment/resignation of company officers |
|
13/02/2007 |
Private document |
|
31/12/2006 |
New accounts available |
|
18/10/2006 |
Private document |
|
18/10/2006 |
Minutes of general meeting of shareholders |
|
18/10/2006 |
Amendment |
|
20/06/2006 |
Minutes of Board meeting |
|
20/06/2006 |
Changes to the Board of Directors |
|
20/06/2006 |
Appointment/resignation of company officers |
|
20/06/2006 |
Private document |
|
31/12/2005 |
New accounts available |
|
24/05/2005 |
Appointment/resignation of company officers |
|
24/05/2005 |
Minutes of general meeting of shareholders |
|
Establishment events history |
|
|
Date |
Description |
|
31/07/2008 |
Update Rating |
|
15/12/2007 |
Update Rating |
|
09/12/2007 |
Update Limit |
|
01/08/2007 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M HOUSSET PASCAL |
Manager position |
Président du directoire |
|
Date of birth |
06/08/1949 |
Place of birth |
PARIS 15 |
|
Type of manager |
Individual |
Name at birth of manager |
|
|
Director |
|||
|
Name |
M DU PUY JACQUES |
Manager position |
Directeur général |
|
Date of birth |
|
Place of birth |
|
|
Type of manager |
Individual |
Name at birth of manager |
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
UK Pound |
1 |
Rs.75.03 |
|
Euro |
1 |
Rs.63.14 |
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%)