MIRA INFORM REPORT

 

 

Report Date :

20.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

ARCHIMICA SAS

 

 

Registered Office :

Zi De Laville 47240 Bon Encontre 

 

 

Country :

France

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

01.10. 1987

 

 

Com. Reg. No.:

89B00133, AGEN

 

 

Legal Form :

Joint Stock Company Simplified (Unique Partner)

 

 

Line of Business :

Manufacture of Miscellaneous Organic Basic Chemicals

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 6000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

name & address

 

ARCHIMICA SAS

 ZI DE LAVILLE

 47240 BON ENCONTRE FR

Tel. Number +33-5-53691300

Fax number +33-5-53691310

 

 

 

Business founded

01 October 1987

Registration number,

89B00133, AGEN,

Trade name,

HEXACHIMIE HEXAPHARM,

party identification,

342565553,

Legal form

Joint stock company simplified (unique partner)

Activities

Manufacture of miscellaneous organic basic chemicals

Payment experience

Payment regular

Credit opinion

Credit opinion

 

Maximum credit limit 6000 EUR is advised

 

The export volume in percentage of total sales for the company.  74,28

 

Cash situation (balance sheet analysis) : Normal 

 

Commitments (regarding contractual obligations) : Completely fulfilled 

 

Payment defaults : None 

 

No Match! : Limited 

Employees (Business)

 180

Total number of shareholders

 1

Total share capital08 August 2006

EUR 10374300

Branch office(s)

JEAN TOURNIE,47400 TONNEINS   

 

   Others

Bank

BNP 92 LA DEFENSE   

Board members

FOURNEL LAURENT   President

Management

HARRISON JAMES   Managing director

Parent company :

490756038   ARCHIMICA 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 - 31 December 2005  in  EUR 26.355.237,00

 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

35.342.963,-

Total fixed assets

15.236.208,-

Total tangible fixed assets

15.206.698,-

Land and buildings

6.533.827,-

Plant, machinery and equipment

7.338.140,-

Total financial fixed assets

29.509,-

Total Current assets

20.106.755,-

Inventories and work in progress (incl. prepayments)

6.424.505,-

Accounts receivable (trade)

3.752.384,-

Cash in hand and at bank

852,-

Total accrued income and prepaid expenses

34.334,-

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

35.342.963,-

Total equity (Shareholders' funds)

10.131.036,-

Issued (subscribed) capital

5.162.300,-

Share premium account (capital reserve)

13.597.843,-

Legal reserves

516.230,-

Profit or loss carried forward

-6.792.426,-

Profit or loss for the previous year

-4.126.555,-

Profit or loss for the financial year

-4.540.041,-

Total provisions

1.402.629,-

Total liabilities

23.809.298,-

Total long-term liabilities

14.543.647,-

Long-term Loans, Mortgage debts

9,-

Long-term liabilities to credit institutions

14.543.638,-

Total current liabilities

9.265.651,-

Current accounts payable (trade)

3.665.079,-

Income and social tax liabilities

3.542.052,-

Borrowing ratio

215,34 %

Current ratio

217,00 %

Debt gearing

131,54 %

Profit margin.

-9,92 %

Quick ratio

147,67 %

Return on assets

-7,40 %

Return on equity.

-41,06 %

Solidity or equity ratio

31,28 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2005  in  EUR 

Total operating income/revenue

29.290.293,-

Main revenue (sales/turnover)

26.355.237,-

Total operating expenses

31.904.985,-

Personnel costs

9.701.341,-

Depreciation

1.281.700,-

Operating profit or loss

-2.614.692,-

Financial income

447.493,-

Financial expenses

372.220,-

Result of ordinary operations

-2.539.419,-

Extraordinary income

62.909,-

Extraordinary expenses

2.044.782,-

Extraordinary result

-1.981.873,-

Pre-tax and pre-appropriation profit or loss

-2.539.419,-

Taxes

18.750,-

Net profit or loss

-4.540.042,-

 

Turnover for the period: 00 0000 - 31 December 2004  in  EUR 30.443.178,00

 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

31.264.785,-

Total fixed assets

15.129.706,-

Total tangible fixed assets

15.100.197,-

Land and buildings

6.542.165,-

Plant, machinery and equipment

3.611.092,-

Total financial fixed assets

29.509,-

Total Current assets

16.135.079,-

Inventories and work in progress (incl. prepayments)

4.054.474,-

Accounts receivable (trade)

4.238.240,-

Cash in hand and at bank

792,-

Total accrued income and prepaid expenses

8.892,-

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

31.264.785,-

Total equity (Shareholders' funds)

12.740.959,-

Issued (subscribed) capital

5.162.300,-

Share premium account (capital reserve)

13.597.843,-

Legal reserves

516.230,-

Profit or loss carried forward

-2.665.870,-

Profit or loss for the previous year

-2.705.299,-

Profit or loss for the financial year

-4.126.555,-

Total provisions

1.662.629,-

Total liabilities

16.861.197,-

Total long-term liabilities

10.936.681,-

Long-term Loans, Mortgage debts

10.936.681,-

Total current liabilities

5.924.517,-

Current accounts payable (trade)

3.252.250,-

Income and social tax liabilities

1.195.167,-

Borrowing ratio

121,84 %

Current ratio

272,34 %

Debt gearing

79,03 %

Profit margin.

-13,62 %

Quick ratio

203,91 %

Return on assets

-13,26 %

Return on equity.

-29,82 %

Solidity or equity ratio

44,26 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2004  in  EUR 

Total operating income/revenue

26.733.453,-

Main revenue (sales/turnover)

30.443.178,-

Total operating expenses

30.878.305,-

Personnel costs

6.013.615,-

Depreciation

3.138.029,-

Operating profit or loss

-4.144.852,-

Financial income

474.105,-

Financial expenses

442.129,-

Result of ordinary operations

-4.112.876,-

Extraordinary income

40.293,-

Extraordinary expenses

35.223,-

Extraordinary result

5.070,-

Pre-tax and pre-appropriation profit or loss

-4.112.875,-

Taxes

18.750,-

Net profit or loss

-4.126.555,-

 

Turnover for the period: 00 0000 - 31 December 2003  in  EUR 32.155.365,00

 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

35.844.285,-

Total fixed assets

17.136.091,-

Total tangible fixed assets

17.107.912,-

Land and buildings

7.655.846,-

Plant, machinery and equipment

4.757.948,-

Total financial fixed assets

28.180,-

Total Current assets

18.660.725,-

Inventories and work in progress (incl. prepayments)

9.389.883,-

Accounts receivable (trade)

4.740.113,-

Cash in hand and at bank

52.309,-

Total accrued income and prepaid expenses

174.418,-

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

35.844.285,-

Total equity (Shareholders' funds)

16.873.695,-

Issued (subscribed) capital

5.162.300,-

Share premium account (capital reserve)

13.597.843,-

Legal reserves

516.230,-

Profit or loss carried forward

39.429,-

Profit or loss for the financial year

-2.705.299,-

Total provisions

1.190.428,-

Total liabilities

17.765.678,-

Total long-term liabilities

11.023.249,-

Long-term liabilities to credit institutions

11.023.249,-

Total current liabilities

6.742.428,-

Current accounts payable (trade)

3.659.717,-

Income and social tax liabilities

1.921.904,-

Borrowing ratio

100,60 %

Current ratio

276,77 %

Debt gearing

62,42 %

Profit margin.

-7,63 %

Quick ratio

137,50 %

Return on assets

-6,84 %

Return on equity.

-15,32 %

Solidity or equity ratio

49,27 %

 

Corporate profit and loss account for the year: 00 0000 - 31 December 2003  in  EUR 

Total operating income/revenue

30.496.002,-

Main revenue (sales/turnover)

32.155.365,-

Total operating expenses

32.949.441,-

Personnel costs

6.535.065,-

Depreciation

3.449.904,-

Operating profit or loss

-2.453.439,-

Financial income

390.912,-

Financial expenses

732.699,-

Result of ordinary operations

-2.795.226,-

Extraordinary income

114.173,-

Extraordinary expenses

24.246,-

Extraordinary result

89.927,-

Pre-tax and pre-appropriation profit or loss

-2.795.227,-

Net profit or loss

-2.705.299,-

 

 

 

 

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%)

 

 

 

 

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