MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CEVA SANTE
ANIMALE |
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Registered Office : |
10 Avenue De La Ballastiere 33500 Libourne |
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Country : |
France |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
30.06. 1981 |
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Com. Reg. No.: |
89B00043, LIBOURNE |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Manufacture of Pharmaceutical Preparations |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 150000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CEVA SANTE ANIMALE
10 AVENUE DE
LA BALLASTIERE
33500 LIBOURNE FR
Tel. Number
+33-5-57554040
Fax number
+33-5-57554198
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Business founded |
30 June 1981 |
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Business registered |
27 February 1989 - Public limited company - board of administration |
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Registration number, |
89B00043, LIBOURNE, |
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party identification, |
301763405, |
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Legal form |
Public limited company - board of administration |
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Activities |
Manufacture of pharmaceutical preparations |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Maximum credit limit 150000 EUR is advised |
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The export volume in percentage of total sales for the
company. 66,21 |
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Financial structure (balance sheet
analysis) : Balanced |
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Cash situation (balance sheet analysis) : Good |
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Profitability (balance sheet analysis) : Outstanding |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Employees (Business) |
624 |
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Total number of shareholders |
1 |
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Total share capital31 December 2006 |
EUR 40332000 |
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Branch office(s) |
87 RUE SAINT LAZARE,75009 PARIS 09 |
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RUE DE TRES LE BOIS,22600 LOUDEAC |
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Others |
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Bank |
CL CTRE AFF ENT 33 BORDEAUX - BNP |
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Board members |
DU MESNIL PHILIPPE President and managing director |
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DU MESNIL PHILIPPE Board member |
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LEBRETTE JEAN-PIERRE Board member |
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ROLLAND GASTON Board member |
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Management |
LEBRETTE JEAN-PIERRE Managing director |
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Auditor |
MARROT FREDERIC Deputy auditor |
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Subsidiary company. |
428655104 CEVA NUTRITION
ANIMALE 100,00 % |
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CEVA BENELUX BELGIQUE 100,00 % |
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CEVA SAO DE ANIMAL LDA PORTUGAL 100,00
% |
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CEVA SANTE ANIMALE ROUMANIE 100,00 %
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CEVA HELLAS LLC GRECE 100,00 % |
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CEVA SLOVAQUIE 100,00 % |
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CEVA HEALTH BULGARIE 100,00 % |
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CEVA PHYLAXYA HONGRIE |
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The business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 230.927.000,00 |
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Consolidated group profit and loss turnover: |
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Consolidated balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
194.510.000,- |
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Total fixed assets |
74.256.000,- |
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Total intangible fixed assets |
8.650.000,- |
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Concessions and industrial rights, goodwill |
8.039.000,- |
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Total tangible fixed assets |
40.717.000,- |
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Land and buildings |
18.037.000,- |
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Plant, machinery and equipment |
13.345.000,- |
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Total financial fixed assets |
831.000,- |
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Loans, shares and participations |
118.000,- |
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Total Current assets |
120.254.000,- |
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Inventories and work in progress (incl. prepayments) |
38.455.000,- |
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Accounts receivable (trade) |
49.877.000,- |
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Investments (short-term) |
11.699.000,- |
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Cash in hand and at bank |
8.422.000,- |
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Total accrued income and prepaid expenses |
6.931.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
194.510.000,- |
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Total equity (Shareholders' funds) |
71.684.000,- |
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Issued (subscribed) capital |
40.332.000,- |
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Total provisions |
5.758.000,- |
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Total liabilities |
114.842.000,- |
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Total long-term liabilities |
61.362.000,- |
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Long-term Loans, Mortgage debts |
52.625.000,- |
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Long-term liabilities to credit institutions |
8.737.000,- |
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Total current liabilities |
53.480.000,- |
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Current accounts payable (trade) |
27.829.000,- |
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Income and social tax liabilities |
15.325.000,- |
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Borrowing ratio |
152,14 % |
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Current ratio |
224,86 % |
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Debt gearing |
81,29 % |
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Profit margin. |
11,19 % |
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Quick ratio |
152,95 % |
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Return on assets |
13,28 % |
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Return on equity. |
15,17 % |
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Solidity or equity ratio |
38,81 % |
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Consolidated profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
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Total operating income/revenue |
230.927.000,- |
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Main revenue (sales/turnover) |
230.927.000,- |
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Total operating expenses |
205.096.000,- |
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Personnel costs |
978.000,- |
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Depreciation |
1.772.000,- |
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Operating profit or loss |
25.831.000,- |
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Financial income |
13.000,- |
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Financial expenses |
4.074.000,- |
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Result of ordinary operations |
21.770.000,- |
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Extraordinary income |
111.000,- |
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Extraordinary expenses |
200.000,- |
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Extraordinary result |
-89.000,- |
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Pre-tax and pre-appropriation profit or loss |
21.770.000,- |
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Taxes |
7.628.000,- |
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Net profit or loss |
11.448.000,- |
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Turnover for the period: 00 0000 - 31 December 2003 in
EUR 215.166.000,00 |
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Consolidated group profit and loss turnover: |
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Consolidated balance sheet for the year: 00 0000 - 31 December
2003 in EUR |
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Total assets incl. prepaid expenses and accrued income |
179.290.000,- |
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Total fixed assets |
67.152.000,- |
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Total intangible fixed assets |
7.359.000,- |
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Concessions and industrial rights, goodwill |
6.055.000,- |
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Total tangible fixed assets |
34.913.000,- |
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Land and buildings |
10.888.000,- |
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Plant, machinery and equipment |
10.856.000,- |
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Total financial fixed assets |
965.000,- |
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Loans, shares and participations |
347.000,- |
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Total Current assets |
112.138.000,- |
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Inventories and work in progress (incl. prepayments) |
35.312.000,- |
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Accounts receivable (trade) |
45.898.000,- |
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Investments (short-term) |
8.039.000,- |
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Cash in hand and at bank |
7.792.000,- |
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Total accrued income and prepaid expenses |
6.563.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
179.290.000,- |
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Total equity (Shareholders' funds) |
69.487.000,- |
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Issued (subscribed) capital |
40.332.000,- |
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Total provisions |
5.431.000,- |
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Total liabilities |
102.335.000,- |
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Total long-term liabilities |
55.772.000,- |
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Long-term Loans, Mortgage debts |
3.467.000,- |
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Long-term liabilities to credit institutions |
52.305.000,- |
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Total current liabilities |
46.563.000,- |
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Current accounts payable (trade) |
24.301.000,- |
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Income and social tax liabilities |
12.318.000,- |
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Borrowing ratio |
140,05 % |
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Current ratio |
240,83 % |
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Debt gearing |
76,33 % |
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Profit margin. |
9,82 % |
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Quick ratio |
164,99 % |
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Return on assets |
11,78 % |
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Return on equity. |
12,46 % |
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Solidity or equity ratio |
40,76 % |
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Consolidated profit and loss account for the year: 00 0000 - 31
December 2003 in EUR |
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Total operating income/revenue |
215.166.000,- |
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Main revenue (sales/turnover) |
215.166.000,- |
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Total operating expenses |
194.047.000,- |
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Cost of materials (type of expenditure format) |
104.816.000,- |
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Depreciation |
1.258.000,- |
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Operating profit or loss |
21.119.000,- |
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Financial expenses |
2.939.000,- |
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Result of ordinary operations |
18.180.000,- |
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Extraordinary expenses |
370.000,- |
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Extraordinary result |
-370.000,- |
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Pre-tax and pre-appropriation profit or loss |
18.180.000,- |
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Taxes |
6.374.000,- |
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Net profit or loss |
9.107.000,- |
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Turnover for the period: 00 0000 - 31 December 2002 in
EUR 210.469.000,00 |
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Consolidated group profit and loss turnover: |
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Consolidated balance sheet for the year: 00 0000 - 31 December
2002 in EUR |
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Total assets incl. prepaid expenses and accrued income |
172.149.000,- |
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Total fixed assets |
61.953.000,- |
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Total intangible fixed assets |
6.615.000,- |
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Concessions and industrial rights, goodwill |
5.796.000,- |
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Total tangible fixed assets |
31.407.000,- |
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Land and buildings |
11.778.000,- |
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Plant, machinery and equipment |
11.003.000,- |
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Total financial fixed assets |
523.000,- |
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Loans, shares and participations |
175.000,- |
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Total Current assets |
110.196.000,- |
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Inventories and work in progress (incl. prepayments) |
34.085.000,- |
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Accounts receivable (trade) |
44.721.000,- |
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Investments (short-term) |
10.785.000,- |
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Cash in hand and at bank |
8.869.000,- |
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Total accrued income and prepaid expenses |
5.408.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
172.149.000,- |
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Total equity (Shareholders' funds) |
66.709.000,- |
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Issued (subscribed) capital |
40.332.000,- |
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Total provisions |
4.749.000,- |
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Total liabilities |
99.582.000,- |
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Total long-term liabilities |
49.398.000,- |
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Long-term Loans, Mortgage debts |
3.160.000,- |
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Long-term liabilities to credit institutions |
46.238.000,- |
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Total current liabilities |
50.184.000,- |
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Current accounts payable (trade) |
25.111.000,- |
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Income and social tax liabilities |
15.144.000,- |
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Borrowing ratio |
142,58 % |
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Current ratio |
219,58 % |
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Debt gearing |
70,73 % |
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Profit margin. |
8,46 % |
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Quick ratio |
151,66 % |
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Return on assets |
10,35 % |
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Return on equity. |
14,33 % |
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Solidity or equity ratio |
40,57 % |
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Consolidated profit and loss account for the year: 00 0000 - 31
December 2002 in EUR |
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Total operating income/revenue |
210.469.000,- |
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Main revenue (sales/turnover) |
210.469.000,- |
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Total operating expenses |
192.660.000,- |
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Cost of materials (type of expenditure format) |
107.984.000,- |
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Depreciation |
1.221.000,- |
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Operating profit or loss |
17.809.000,- |
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Financial expenses |
2.385.000,- |
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Result of ordinary operations |
15.424.000,- |
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Extraordinary expenses |
93.000,- |
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Extraordinary result |
-93.000,- |
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Pre-tax and pre-appropriation profit or loss |
15.424.000,- |
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Taxes |
5.604.000,- |
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Net profit or loss |
10.011.000,- |
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. |
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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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%)