MIRA
INFORM REPORT
|
Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIOLANDES SA |
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Registered Office : |
Rte De Belis 40420 LE SEN |
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Country : |
France |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
January1989 |
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Com. Reg. No.: |
RCS Mont-de-Marsan B 349190108 |
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Legal Form : |
Simplified Joint Stock Company |
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Line of Business : |
Manufacturer of Essential Oils |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
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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 |
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Maximum Credit Limit : |
(€) 2,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Summary
|
COMPANY DETAILS |
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Company Number |
34919010800010 |
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Name |
BIOLANDES SA |
|
Telephone |
05 58 51 04 04 |
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Fax |
05 58 51 07 01 |
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Legal form |
Simplified joint stock company |
|
RCS Registration |
RCS Mont-de-Marsan B 349190108 |
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Share Capital |
15,500,000 |
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Incorporation Date |
01/1989 |
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Address |
RTE DE BELIS |
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Postcode |
40420 LE SEN |
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Nationality |
France |
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JUDGEMENTS
SUMMARY |
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No judgements against this company. |
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DIRECTORS
SUMMARY |
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Directorships |
1 |
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ACCOUNTS SUMMARY
(LAST 3 YEARS) |
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Accounts Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Turnover |
38,400,365 |
37,453,967 |
38,355,817 |
|
Networth |
25,059,130 |
21,267,250 |
19,465,094 |
|
Number of Employees |
100 to 199 employees |
- |
- |
Company
Information
|
COMPANY DETAILS |
|
|
Company Name |
BIOLANDES SA |
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Company Number |
34919010800010 |
|
Activity (APE) |
Fabrication d'huiles essentielles |
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Activity (APRM) |
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Currency |
EURO (€) |
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Share capital |
15,500,000 |
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Registration Court |
Mont-de-Marsan (40) |
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Legal form |
Simplified joint stock company |
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Court Registry Number |
89 B 00020 |
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EU VAT Number |
FR18349190108 |
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Incorporation Date |
01/1989 |
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Formation Date |
01/1989 |
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Deregistration Date |
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Last account Date |
31/12/2007 |
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Nationality |
France |
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ESTABLISHMENT
DETAILS |
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Postal Address |
RTE DE BELIS, |
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Trading Address |
RTE DE BELIS, |
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Telephone |
05 58 51 04 04 |
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Fax |
05 58 51 07 01 |
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Type |
Head office |
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Status |
Economically active |
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Formation Date |
01/1989 |
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Reason for formation |
Formation |
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Closure Date |
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Reason for closure |
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Reactivation Date |
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Production Role |
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Activity Nature |
- |
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Activity Location |
Other |
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Location Service |
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Seasonality |
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OTHER
ESTABLISHMENTS |
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Branches |
4 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 |
50 to 99 employees |
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Company workforce |
100 to 199 employees |
Accounts
& Ratios
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PROFIT &
LOSS |
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Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
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Account period (month) |
12 |
- |
12 |
- |
12 |
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Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
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Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
38,400,365 |
2.5% |
37,453,967 |
-2.4% |
38,355,817 |
|
Exports |
28,065,969 |
-0.6% |
28,236,213 |
-1.3% |
28,606,763 |
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Operating Charges |
36,400,079 |
2.0% |
35,691,877 |
1.4% |
35,197,217 |
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Operating Profit |
5,239,722 |
133.2% |
2,247,334 |
-38.4% |
3,648,480 |
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Financial Income |
400,170 |
-75.7% |
1,645,411 |
293.4% |
418,300 |
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Financial Charges |
977,132 |
31.7% |
741,808 |
34.8% |
550,406 |
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Pre-Tax Profit |
4,662,759 |
48.0% |
3,150,937 |
-10.4% |
3,516,374 |
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Extraordinary Income |
1,821,367 |
-6.2% |
1,941,298 |
726.5% |
234,885 |
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Extraordinary Charges |
1,433,027 |
-47.2% |
2,714,299 |
-13.1% |
3,123,792 |
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Net Profit |
3,945,520 |
102.6% |
1,947,705 |
1,258.4% |
-168,135 |
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BALANCE SHEET |
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Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
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Assets |
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- Tangible assets |
5,884,597 |
6.8% |
5,508,995 |
6.4% |
5,179,811 |
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Intangible assets |
720,474 |
2,499.5% |
27,716 |
-3.8% |
28,819 |
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Financial assets |
3,351,603 |
-19.3% |
4,153,436 |
46.5% |
2,834,698 |
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Total fixed assets |
9,956,675 |
2.8% |
9,690,149 |
20.5% |
8,043,331 |
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Stocks |
22,662,221 |
31.6% |
17,221,621 |
-8.0% |
18,712,481 |
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Receivables |
14,389,977 |
-2.4% |
14,745,973 |
15.4% |
12,779,607 |
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- Trade Receivables |
7,562,754 |
5.0% |
7,202,306 |
14.6% |
6,284,620 |
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- Misc. Receivables |
6,827,223 |
- |
7,543,667 |
- |
6,494,987 |
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Cash |
1,294,231 |
66.3% |
778,401 |
355.8% |
170,790 |
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Misc. Current Assets |
613,803 |
- |
260,110 |
- |
394,566 |
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Total Current Assets |
38,960,232 |
18.0% |
33,006,105 |
3.0% |
32,057,444 |
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Liabilities |
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Trade Accounts Payable |
3,931,034 |
8.9% |
3,608,369 |
1.6% |
3,551,619 |
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Bank Loans and Liabilities |
7,366,311 |
38.1% |
5,334,233 |
-23.3% |
6,952,035 |
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Sundry Loan and Liabilities |
10,195,000 |
- |
9,345,000 |
- |
7,235,000 |
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Advanced Payments Received |
0 |
- |
0 |
- |
0 |
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Tax and Social Liabilities |
1,452,126 |
48.8% |
975,884 |
-25.9% |
1,316,846 |
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Miscellaneous Liabilities |
414,312 |
- |
626,005 |
- |
211,081 |
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Provisions for Risks & Charges |
479,771 |
-69.1% |
1,550,462 |
13.3% |
1,368,603 |
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Other Capital Resources |
0 |
- |
0 |
- |
0 |
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Share Capital |
15,500,000 |
0.0% |
15,500,000 |
0.0% |
15,500,000 |
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Revaluation Reserve |
0 |
- |
0 |
- |
0 |
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Other Reserves |
9,559,130 |
- |
5,767,250 |
- |
3,965,094 |
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Total Shareholders Funds |
25,059,130 |
17.8% |
21,267,250 |
9.3% |
19,465,094 |
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Total Assets |
48,925,783 |
14.5% |
42,711,935 |
6.5% |
40,103,620 |
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Net Worth |
24,338,656 |
- |
21,239,534 |
- |
19,436,275 |
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RATIOS |
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Account Date |
31/12/2007 |
% |
31/12/2006 |
% |
31/12/2005 |
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Structure |
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Protection |
51.22% |
|
49.79% |
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48.54% |
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Net Gearing |
35.89% |
|
34.37% |
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35.38% |
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Repayment Power |
807.73% |
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2,798.20% |
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913.15% |
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Capital Requirement |
267.00 day |
|
254.00 day |
|
240.00 day |
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Working Capital Requirement |
299.00 day |
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260.00 day |
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252.00 day |
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Net Cash |
-31.00 day |
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-6.00 day |
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-12.00 day |
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Performance |
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Return on Invested Capital |
66.00% |
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37.00% |
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63.00% |
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Return on Equity |
15.74% |
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9.16% |
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-0.86% |
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Gross Profit |
30.56% Turnover |
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24.00% Turnover |
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28.09% Turnover |
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Growth v's Year Ago Qtr |
946,398€ |
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-901,850€ |
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2,505,209€ |
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Inventory Returns |
20.00 day |
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-16.00 day |
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-15.00 day |
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Receivables Days |
71.00 day |
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69.00 day |
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59.00 day |
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Payable Days |
47.00 day |
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48.00 day |
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48.00 day |
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SIG |
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Profit |
8.04% Turnover |
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6.20% Turnover |
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83.37% Turnover |
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Gross Profit |
30.56% Turnover |
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24.00% Turnover |
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28.09% Turnover |
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Wage and Salary distribution / Gross Profit |
37.64% Turnover |
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51.75% Turnover |
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46.85% Turnover |
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Gross Operating Surplus |
17.29% Turnover |
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9.69% Turnover |
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13.19% Turnover |
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Pre-tax Income |
12.14% Turnover |
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8.41% Turnover |
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9.17% Turnover |
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Net Profit/Loss |
10.27% |
|
5.20% |
|
-0.44% |
Judgements
Collective Procedures
|
Courts |
|
There are no Judgements filed against this company. |
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Rncs |
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There are no Judgements filed against this company. |
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Bodacc |
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There are no Judgements filed against this company. |
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Preferentials Rights |
|
No social security and tax office preferential right to date. |
Group
Structure
No group structure for this company.
Event
history
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STATUS HISTORY |
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Date |
Description |
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04/01/2008 |
Economically active |
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Recent Publications in Gazettes |
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No status Gazette Publications for this company. |
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COMPANY EVENTS
HISTORY |
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Date |
Description |
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31/12/2007 |
New accounts available |
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31/12/2006 |
New accounts available |
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31/12/2005 |
New accounts available |
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31/12/2004 |
New accounts available |
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17/05/2004 |
PV d'Assemblée |
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17/05/2004 |
Augmentation de Capital |
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17/05/2004 |
Acte sous seing privé |
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17/05/2004 |
Statuts mis à jour |
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31/12/2003 |
New accounts available |
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16/06/2003 |
Augmentation de Capital |
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16/06/2003 |
Acte sous seing privé |
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16/06/2003 |
Changement de Commissaire aux Comptes |
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16/06/2003 |
Statuts mis à jour |
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16/06/2003 |
PV d'Assemblée |
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16/06/2003 |
Nomination/démission des organes de gestion |
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25/04/2003 |
Acte sous seing privé |
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25/04/2003 |
Projet de Fusion |
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13/06/2002 |
PV d'Assemblée |
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13/06/2002 |
Nomination/démission des organes de gestion |
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13/06/2002 |
Acte sous seing privé |
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ESTABLISHMENT
EVENTS HISTORY |
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Date |
Description |
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28/08/2008 |
Update Limit |
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16/12/2007 |
Update Limit |
|
09/12/2007 |
Update Limit |
Directors
|
Director |
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Name |
M COUTIERE DOMINIQUE |
Manager position |
Président |
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Date of birth |
08/14/1951 |
Place of birth |
TANGER MAROC |
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Type of manager |
Individual |
Name at birth of manager |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.67 |
|
UK Pound |
1 |
Rs.75.47 |
|
Euro |
1 |
Rs.61.19 |
RATING
EXPLANATIONS
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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 |
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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 |
|
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 |
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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%)