MIRA
INFORM REPORT
|
Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARKEMA FRANCE |
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Registered Office : |
420 Rue Estienne D'orves 92700 Colombes |
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Country : |
France |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.01.1980 |
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Com. Reg. No.: |
81B00332, NANTERRE |
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Legal Form : |
Public Limited Company - Board of Administration |
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Line of Business : |
Manufacture of Miscellaneous Organic Basic Chemicals |
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 : |
EUR 150000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ARKEMA FRANCE
420 RUE
ESTIENNE D'ORVES
92700 COLOMBES FR
Tel. Number
+33-1-49008080
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Business founded |
01 January 1980 |
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Business registered |
24 February 1981 - Public limited company - board of administration |
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Registration number, |
81B00332, NANTERRE, |
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party identification, |
319632790, |
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Legal form |
Public limited company - board of administration |
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Activities |
Manufacture of miscellaneous organic basic chemicals |
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Payment experience |
Payment regular |
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Credit opinion |
Credit opinion |
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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. 0,00 |
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Financial structure (balance sheet
analysis) : Insufficient |
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Cash situation (balance sheet analysis) : Normal |
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Profitability (balance sheet analysis) : Feeble |
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Commitments (regarding contractual obligations) : Fulfilled
(„respectés“) |
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Payment defaults : None |
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Employees (Business) |
6423 |
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Total number of shareholders |
1 |
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Total share capital31 December 2006 |
EUR 68000000 |
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Branch office(s) |
4 RUE JOSEPH MONIER,92500 RUEIL MALMAISON |
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182 AVENUE ARISTIDE BRIAND,92160 ANTONY |
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TOUR FRANKLIN,92800 PUTEAUX |
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2 RUE DE SOISSONS,02300 CHAUNY |
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RUE BELLE VISEE,60870 VILLERS ST PAUL |
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Others |
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Bank |
SG AG PYRAMIDE - LCL AG ENT - BNSM 92 PUTEAUX - BNP |
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Board members |
LE HENAFF THIERRY Chairman of the board |
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DELABORDE MICHEL Board member |
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LE HENAFF THIERRY Board member |
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TAKKEN OTTO Board member |
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Management |
DELABORDE MICHEL Managing director |
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Parent company : |
445074685 ARKEMA 100,00
% |
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Subsidiary company. |
ARKEMA PTY LTD 100,00 % |
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AKISHIMA CHEMICAL INDUSTRIES CO LTD 100,00
% |
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569804982 CEREXAGRI 100,00
% |
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ARKEMA SHANGHAI DISTRIBUTION 100,00
% |
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TURKISH PRODUCTS INC 100,00 % |
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ARKEMA GUANGZHOU CHEMICALS CO LTD 100,00
% |
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ARKEMA DELAWARE INC 100,00 % |
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ARKEMA COLOMBIE 100,00 % |
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ARKEMA INICIADORES SA DE CV 100,00
% |
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ARKEMA QUIMICA LTDA 100,00 % |
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389676669 ARKEMA LTD 100,00
% |
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389675265 ARKEMA GMBH 100,00
% |
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ARKELA A/S DANEMARK 100,00 % |
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ARKEMA CATALYSTS LTD 100,00 % |
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ARKEMA SDN BHD 100,00 % |
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LUPEROX INICIADORES SA DE CV 100,00
% |
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ARKEMA PTE LTD 100,00 % |
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429608524 MARJOLAINE SOCIETE PAR ACTIONS
SIMPLIFIEE 100,00 % |
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ARKEMA COMPANY LTD 100,00 % |
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ARKEMA HOLDING LTD 100,00 % |
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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 2006 in
EUR 3.410.000.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.611.000.000,- |
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Total fixed assets |
1.930.000.000,- |
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Total intangible fixed assets |
46.000.000,- |
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Total tangible fixed assets |
555.000.000,- |
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Land and buildings |
98.000.000,- |
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Plant, machinery and equipment |
308.000.000,- |
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Total financial fixed assets |
1.326.000.000,- |
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Loans, shares and participations |
1.272.000.000,- |
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Total Current assets |
1.671.000.000,- |
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Inventories and work in progress (incl. prepayments) |
450.000.000,- |
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Accounts receivable (trade) |
658.000.000,- |
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Cash in hand and at bank |
102.000.000,- |
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Total accrued income and prepaid expenses |
10.000.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.611.000.000,- |
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Total equity (Shareholders' funds) |
703.000.000,- |
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Issued (subscribed) capital |
68.000.000,- |
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Legal reserves |
5.000.000,- |
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Profit or loss for the previous year |
-231.000.000,- |
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Profit or loss for the financial year |
452.000.000,- |
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Total provisions |
452.000.000,- |
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Total liabilities |
2.455.000.000,- |
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Total long-term liabilities |
1.681.000.000,- |
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Long-term Loans, Mortgage debts |
1.268.000.000,- |
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Long-term liabilities to credit institutions |
413.000.000,- |
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Total current liabilities |
764.000.000,- |
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Current accounts payable (trade) |
515.000.000,- |
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Income and social tax liabilities |
163.000.000,- |
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Total accrued expenses and deferred income |
7.000.000,- |
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Borrowing ratio |
245,18 % |
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Current ratio |
215,89 % |
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Debt gearing |
167,88 % |
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Profit margin. |
-1,44 % |
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Quick ratio |
157,75 % |
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Return on assets |
-1,36 % |
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Return on equity. |
45,14 % |
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Solidity or equity ratio |
27,73 % |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2006 in EUR |
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Total operating income/revenue |
3.691.000.000,- |
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Main revenue (sales/turnover) |
3.410.000.000,- |
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Total operating expenses |
3.741.000.000,- |
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Personnel costs |
339.000.000,- |
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Depreciation |
128.000.000,- |
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Operating profit or loss |
-49.000.000,- |
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Financial income |
102.000.000,- |
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Financial expenses |
156.000.000,- |
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Result of ordinary operations |
-102.000.000,- |
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Extraordinary income |
993.000.000,- |
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Extraordinary expenses |
427.000.000,- |
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Extraordinary result |
567.000.000,- |
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Pre-tax and pre-appropriation profit or loss |
-118.000.000,- |
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Taxes |
2.000.000,- |
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Net profit or loss |
452.000.000,- |
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Turnover for the period: 00 0000 - 31 December 2005 in
EUR 3.476.000.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.138.000.000,- |
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Total fixed assets |
1.342.000.000,- |
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Total intangible fixed assets |
26.000.000,- |
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Total tangible fixed assets |
475.000.000,- |
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Land and buildings |
99.000.000,- |
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Plant, machinery and equipment |
252.000.000,- |
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Total financial fixed assets |
843.000.000,- |
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Loans, shares and participations |
786.000.000,- |
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Total Current assets |
1.791.000.000,- |
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Inventories and work in progress (incl. prepayments) |
475.000.000,- |
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Accounts receivable (trade) |
731.000.000,- |
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Cash in hand and at bank |
19.000.000,- |
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Total accrued income and prepaid expenses |
7.000.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.138.000.000,- |
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Total equity (Shareholders' funds) |
-17.000.000,- |
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Issued (subscribed) capital |
27.000.000,- |
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Legal reserves |
5.000.000,- |
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Profit or loss for the previous year |
-571.000.000,- |
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Profit or loss for the financial year |
-231.000.000,- |
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Total provisions |
705.000.000,- |
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Total liabilities |
2.447.000.000,- |
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Total long-term liabilities |
1.561.000.000,- |
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Long-term Loans, Mortgage debts |
1.457.000.000,- |
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Long-term liabilities to credit institutions |
104.000.000,- |
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Total current liabilities |
875.000.000,- |
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Current accounts payable (trade) |
524.000.000,- |
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Income and social tax liabilities |
211.000.000,- |
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Total accrued expenses and deferred income |
9.000.000,- |
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Borrowing ratio |
545,84 % |
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Current ratio |
202,14 % |
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Debt gearing |
348,20 % |
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Profit margin. |
-0,09 % |
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Quick ratio |
148,53 % |
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Return on assets |
-0,10 % |
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Return on equity. |
-51,53 % |
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Solidity or equity ratio |
14,29 % |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2005 in EUR |
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Total operating income/revenue |
3.793.000.000,- |
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Main revenue (sales/turnover) |
3.476.000.000,- |
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Total operating expenses |
3.797.000.000,- |
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Personnel costs |
345.000.000,- |
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Depreciation |
128.000.000,- |
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Operating profit or loss |
-3.000.000,- |
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Financial income |
162.000.000,- |
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Financial expenses |
79.000.000,- |
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Result of ordinary operations |
79.000.000,- |
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Extraordinary income |
373.000.000,- |
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Extraordinary expenses |
693.000.000,- |
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Extraordinary result |
-320.000.000,- |
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Pre-tax and pre-appropriation profit or loss |
79.000.000,- |
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Taxes |
-9.000.000,- |
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Net profit or loss |
-231.000.000,- |
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Turnover for the period: 00 0000 - 31 December 2004 in
EUR 5.254.000.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Corporate balance sheet for the year: 00 0000 - 31 December
2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
3.397.000.000,- |
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Total fixed assets |
1.381.000.000,- |
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Total intangible fixed assets |
13.000.000,- |
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Total tangible fixed assets |
483.000.000,- |
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Land and buildings |
145.000.000,- |
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Plant, machinery and equipment |
239.000.000,- |
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Total financial fixed assets |
883.000.000,- |
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Loans, shares and participations |
754.000.000,- |
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Total Current assets |
1.996.000.000,- |
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Inventories and work in progress (incl. prepayments) |
420.000.000,- |
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Accounts receivable (trade) |
717.000.000,- |
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Cash in hand and at bank |
16.000.000,- |
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Total accrued income and prepaid expenses |
22.000.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
3.397.000.000,- |
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Total equity (Shareholders' funds) |
305.000.000,- |
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Issued (subscribed) capital |
520.000.000,- |
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Legal reserves |
50.000.000,- |
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Profit or loss for the financial year |
-571.000.000,- |
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Total provisions |
809.000.000,- |
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Total liabilities |
2.277.000.000,- |
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Total long-term liabilities |
1.394.000.000,- |
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Long-term Loans, Mortgage debts |
1.372.000.000,- |
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Long-term liabilities to credit institutions |
22.000.000,- |
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Total current liabilities |
871.000.000,- |
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Current accounts payable (trade) |
542.000.000,- |
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Income and social tax liabilities |
254.000.000,- |
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Total accrued expenses and deferred income |
8.000.000,- |
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Borrowing ratio |
271,41 % |
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Current ratio |
226,05 % |
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Debt gearing |
166,16 % |
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Profit margin. |
1,90 % |
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Quick ratio |
178,48 % |
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Return on assets |
2,94 % |
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Return on equity. |
-68,06 % |
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Solidity or equity ratio |
24,70 % |
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Corporate profit and loss account for the year: 00 0000 - 31
December 2004 in EUR |
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Total operating income/revenue |
5.552.000.000,- |
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Main revenue (sales/turnover) |
5.254.000.000,- |
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Total operating expenses |
5.452.000.000,- |
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Personnel costs |
439.000.000,- |
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Depreciation |
177.000.000,- |
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Operating profit or loss |
100.000.000,- |
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Financial income |
63.000.000,- |
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Financial expenses |
127.000.000,- |
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Result of ordinary operations |
37.000.000,- |
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Extraordinary income |
2.064.000.000,- |
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Extraordinary expenses |
2.673.000.000,- |
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Extraordinary result |
-609.000.000,- |
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Pre-tax and pre-appropriation profit or loss |
37.000.000,- |
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Net profit or loss |
-571.000.000,- |
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%)