MIRA INFORM REPORT

 

 

Report Date :

02.04.2011

 

IDENTIFICATION DETAILS

 

Name :

H REYNAUD FILS MATIER PREMIER AROMAT

 

 

Registered Office :

Cheminade 26570 Montbrun Les Bains

 

 

Country :

France

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

May 1956

 

 

Com. Reg. No.:

60298036900014

 

 

Legal Form :

Public limited company with board of directors

 

 

Line of Business :

Manufacture of essential oils

 

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 :

(€) 1,170,000

Status :

Very Good

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

France

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Summary

 

Company Details

Company Number

60298036900014

Name

H REYNAUD FILS MATIER PREMIER AROMAT

Telephone

04 75 28 86 00

Fax

 

Legal form

Public limited company with board of directors

RCS Registration

  602980369

Share Capital

600,000

Incorporation Date

05/1956

Address

CHEMINADE

Postcode

26570 MONTBRUN LES BAINS

Nationality

France

 

Credit Information Summary

Credit Limit (€)

1,170,000

 

Judgements Summary

No judgements against this company.

 

Directors Summary

Directorships

3

 

Accounts Summary (last 3 years)

Accounts Date

31/12/2009

31/12/2008

31/12/2007

Turnover

33,678,055

37,458,950

36,702,691

Networth

10,377,587

9,897,281

9,512,801

Number of Employees

50 to 99 employees

-

-

 

Company Information

 

company details

Company Name

H REYNAUD FILS MATIER PREMIER AROMAT

Company Number

60298036900014

Activity (APE)

Manufacture of essential oils

Activity (APRM)

 

Currency

EURO (€)

Share capital

600,000

Registration Court

Romans (26)

Legal form

Public limited company with board of directors

Court Registry Number

19 6 0B700

EU VAT Number

FR50602980369

Incorporation Date

05/1956

Formation Date

01/1960

Deregistration Date

 

Last account Date

31/12/2009

Nationality

France

 

Establishment details

Postal Address

CHEMINADE,
26570 MONTBRUN LES BAINS,

Trading Address

CHEMINADE,
26570 MONTBRUN LES BAINS,

Telephone

04 75 28 86 00

Fax

 

Type

Head office

Status

Economically active

Formation Date

01/1960

Reason for formation

 

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

-

Activity Location

Other

Location Service

 

Seasonality

 

 

Other establishments

Branches

2 branch entities in this company

Company number

60298036900014

Company name

H REYNAUD FILS MATIER PREMIER AROMAT

Type

Head office

Activity (ape)

Fabrication d'huiles essentielles

Post Code

26570

City

MONTBRUN LES BAINS

 

Company number

60298036900022

Company name

H REYNAUD FILS MATIER PREMIER AROMAT

Type

Secondary establishment

Activity (ape)

Fabrication d'huiles essentielles

Post Code

84210

City

SAINT DIDIER

 

Regionality

Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce

Mono-activity status

Legal unit having all establishments with the same main activity

 

Workforces

Workforce at address

20 to 49 employees

Company workforce

50 to 99 employees

 

Accounts & Ratios

 

Profit & Loss

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Account period (month)

12

-

12

-

12

Account Type

Normal Account

-

Normal Account

-

Normal Account

Currency

Euro

-

Euro

-

Euro

Turnover

33,678,055

-10.1%

37,458,950

2.1%

36,702,691

Exports

3,613,853

-89.4%

34,138,712

2.0%

33,459,508

Operating Charges

32,782,404

-10.3%

36,547,145

6.7%

34,259,196

Operating Profit

947,259

-23.5%

1,238,195

-36.3%

1,943,433

Financial Income

227,135

20.7%

188,130

278.0%

49,769

Financial Charges

448,646

-54.1%

977,209

-3.6%

1,013,590

Pre-Tax Profit

725,748

61.6%

449,117

-54.2%

979,611

Extraordinary Income

4,504

-96.8%

140,753

270.5%

37,994

Extraordinary Charges

28,151

-67.6%

86,886

110.8%

41,219

Net Profit

570,307

13.0%

504,480

-6.2%

537,885

 

Balance Sheet

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Assets

- Tangible assets

594,303

-23.7%

778,939

-21.2%

989,108

Intangible assets

80,588

0.0%

80,588

0.0%

80,588

Financial assets

2,923,752

3.9%

2,814,442

-3.0%

2,900,297

Total fixed assets

3,598,643

-2.1%

3,673,969

-7.5%

3,969,994

Stocks

9,387,248

-5.0%

9,881,439

20.2%

8,220,220

Receivables

7,349,226

-20.5%

9,246,695

-1.0%

9,339,632

- Trade Receivables

7,132,757

-18.4%

8,738,359

-4.6%

9,155,451

- Misc. Receivables

216,469

-

508,336

-

184,181

Cash

2,099,099

7.5%

1,953,246

-71.9%

6,953,992

Misc. Current Assets

1

-

-1

-

1

Total Current Assets

18,835,574

-10.7%

21,081,379

-14.0%

24,513,845

Liabilities

Trade Accounts Payable

1,474,586

-28.6%

2,065,912

-8.9%

2,268,788

Bank Loans and Liabilities

6,219,148

-25.3%

8,328,853

-28.9%

11,712,163

Sundry Loan and Liabilities

1,134,088

-

1,061,912

-

956,965

Advanced Payments Received

0

-

0

-

0

Tax and Social Liabilities

898,966

5.3%

854,123

-25.0%

1,139,116

Miscellaneous Liabilities

2,276,637

-

2,299,602

-

2,749,719

Provisions for Risks & Charges

26,602

-79.9%

132,030

-

0

Other Capital Resources

0

-

0

-

0

Share Capital

600,000

0.0%

600,000

0.0%

600,000

Revaluation Reserve

157,658

0.0%

157,658

0.0%

157,658

Other Reserves

9,619,929

-

9,139,623

-

8,755,143

Total Shareholders Funds

10,377,587

4.9%

9,897,281

4.0%

9,512,801

 

Total Assets

22,514,568

-9.8%

24,971,639

-12.6%

28,566,635

Net Worth

10,296,999

-

9,816,693

-

9,432,213

 

Ratios

Account Date

31/12/2009

%

31/12/2008

%

31/12/2007

Structure

Protection

46.09%

 

39.63%

 

33.30%

Net Gearing

32.66%

 

37.61%

 

44.35%

Repayment Power

589.99%

 

498.85%

 

371.87%

Capital Requirement

105.00 day

 

95.00 day

 

82.00 day

Working Capital Requirement

130.00 day

 

133.00 day

 

113.00 day

Net Cash

-24.00 day

 

-37.00 day

 

-28.00 day

 

Performance

Return on Invested Capital

37.00%

 

49.00%

 

56.00%

Return on Equity

5.50%

 

5.10%

 

5.65%

Gross Profit

14.48% Turnover

 

14.86% Turnover

 

16.32% Turnover

Growth v's Year Ago Qtr

-3,780,895€

 

756,259€

 

1,637,978€

Inventory Returns

-2.00 day

 

3.00 day

 

-8.00 day

Receivables Days

78.00 day

 

85.00 day

 

90.00 day

Payable Days

19.00 day

 

22.00 day

 

26.00 day

 

SIG

Profit

0

 

0

 

0

Gross Profit

14.48% Turnover

 

14.86% Turnover

 

16.32% Turnover

Wage and Salary distribution / Gross Profit

64.13% Turnover

 

59.72% Turnover

 

55.28% Turnover

Gross Operating Surplus

3.94% Turnover

 

4.79% Turnover

 

6.04% Turnover

Pre-tax Income

2.16% Turnover

 

1.20% Turnover

 

2.67% Turnover

Net Profit/Loss

1.69%

 

1.35%

 

1.47%

 

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.

 

Preferentials Rights

No social security and tax office preferential right to date.

 

Group Structure

 

No group structure for this company.

 

Event history

 

Status history

No status history for this company.

 

Recent Publications in Gazettes

Publication Date

Gazette Name

Description

29/10/2010

C

Comptes annuels et rapports

26 - DROME
GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS
3370 - 602980369 RCS. H. REYNAUD ET FILS. Forme : Société Anonyme. Adresse : 26570 Montbrun-les-Bains. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.

 

11/12/2009

B

Modification et mutation diverse

26 - DROME
GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS
627 - 602 980 369 RCS Romans. H. REYNAUD ET FILS. Forme : Société Anonyme. Enseigne : H. REYNAUD ET FILS - JULIEN GUIGUE - LA LAVANDE FRANCAISE ET DISTILLERIE ALTHEN. Administration : LALANDE Olivier nom d'usage : LALANDE Olivier devient administrateur. REYNAUD Jane nom d'usage : LALANDE Jane n'est plus administrateur. Commentaires : Modification de l'administration.

 

25/11/2009

C

Comptes annuels et rapports

26 - DROME
GREFFE DU TRIBUNAL DE COMMERCE DE ROMANS
3182 - 602980369 RCS. H. REYNAUD ET FILS. Forme : Société Anonyme. Adresse : 26570 Montbrun-les-Bains. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.

 

09/12/2008

C

Comptes annuels et rapports

26 - DROME
GREFFE DU TRIBUNAL DE GRANDE INSTANCE DE VALENCE
641 - 602980369 RCS. H. REYNAUD ET FILS. Forme : S.A. Adresse : 26570 Montbrun-les-Bains. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.

 

23/05/2008

C

Comptes annuels et rapports

26 - DROME
GREFFE DU TRIBUNAL DE GRANDE INSTANCE DE VALENCE
632 - 602980369 RCS. H. REYNAUD ET FILS. Forme : S.A. Adresse : 26570 Montbrun-les-Bains. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.

 

28/02/2007

C

Avis de dépôt des comptes

479 - RCS Valence B 602 980 369. RC 60-B 36. H. REYNAUD ET FILS. Forme: S.A. Adresse du siège social: 26570 Montbrun-les-Bains. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.

 

24/11/2005

C

Avis de dépôt des comptes

170 - RCS Valence B 602 980 369. RC 60-B 36. H. REYNAUD ET FILS MATIERES PREMIERES AROMATIQUES. Forme: S.A. Adresse du siège social: 26570 Montbrun-les-Bains. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.

 

13/12/2002

B

Modifications et mutations diverses

Ancienne situation du siège social. RCS Valence 602980369 RC 60-B 36 H. REYNAUD ET FILS MATIERES PREMIERES AROMATIQUES. Forme : S.A. Capital : 365 877,64 euros Nom commercial: H. Reynaud et Fils Julien Guigue La Lavande Française et Distillerie Althen. Adresse : 26570 Montbrun-les-Bains Nouvelle situation du siège social. Capital : 600 000 euros. Administration : nouveau directeur général : LALANDE (Jean-François), déjà président du conseil d'administration. Nouveaux directeurs généraux délégués : LALANDE (Bruno), déjà administrateur et ancien directeur général et LALANDE ( Olivier), déjà administrateur et ancien directeur général. Commentaires : mise en harmonie des statuts suivant la loi N.R. E. Date d'effet : 16 mai 2002.

 

27/03/1999

B

Modifications et mutations diverses

RCS Valence B 602 980 369 RC 60-B 36 H. REYNAUD ET FILS MATIERES PREMIERES AROMATIQUES. Forme : S.A. Capital : 24 000 000 de F Nom commercial: H. Reynaud et Fils-Julien Guigue-La Lavande Française - Distillerie Althen. Adresse du siège social : 26570 Montbrun-les-Bains. Administration : administrateur démissionnaire : Mme REYANDU, née AUBERY (Cécile) à compter du:19 avril 1996 Commissaire aux comptes titulaire partant : CAZALET (Roger). Commissaire aux comptes suppléant partant : SYREC. Novueau commissaire aux comptes titulaire : DELTA FINANCEMENT EXPERTISES. Nouveau commissaire aux comptes suppléant : RUINET (Jacques). Date d'effet : 20 octobre 1998.

 

 

Company events history

 

Date

Description

29/10/2010

Bodacc C : Deposit accounts notice

31/12/2009

New accounts available

11/12/2009

Bodacc B: Various editing or changing

25/11/2009

Bodacc C : Deposit accounts notice

29/10/2009

Minutes of general meeting of shareholders

31/12/2008

New accounts available

09/12/2008

Bodacc C : Deposit accounts notice

23/05/2008

Bodacc C : Deposit accounts notice

31/12/2007

New accounts available

31/12/2006

New accounts available

31/12/2005

New accounts available

31/12/2004

New accounts available

31/12/2003

New accounts available

18/10/2002

Statuts mis à jour

18/10/2002

Augmentation de Capital

18/10/2002

Conversion du Capital Social en Euros

18/10/2002

Acte sous seing privé

18/10/2002

Nomination/démission des organes de gestion

18/10/2002

PV d'Assemblée

17/10/2002

PV d'Assemblée

 

 

Establishment events history

 

Date

Description

26/10/2010

Update Limit

26/10/2010

Update Rating

26/09/2010

Update Rating

10/11/2009

Update Rating

20/10/2009

Update Rating

20/10/2009

Update Limit

11/10/2009

Update Limit

13/09/2009

Update Rating

15/10/2008

Update Limit

15/10/2008

Update Rating

27/09/2008

Update Rating

13/01/2008

Update Limit

02/01/2008

Update Rating

02/01/2008

Update Limit

11/12/2007

Update Limit

09/12/2007

Update Limit

 

Directors

 

Director

Name

M LALANDE JEAN FRANCOIS

Manager position

Administrateur

Date of birth

14/09/1924

Place of birth

CHATEAURENARD(13)

Type of manager

Individual

Name at birth of manager

 

Director

Name

M LALANDE BRUNO

Manager position

Administrateur

Date of birth

29/05/1949

Place of birth

CHATEAURENARD(13)

Type of manager

Individual

Name at birth of manager

 

Director

Name

M LALANDE OLIVIER

Manager position

Administrateur

Date of birth

12/09/1952

Place of birth

AVIGNON(84)

Type of manager

Individual

Name at birth of manager

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.