MIRA INFORM REPORT

 

 

Report Date :           

05.07.2011

 

IDENTIFICATION DETAILS

 

Name :

FIRMENICH GRASSE

 

 

Registered Office :

106 Av Louison Bobet,Zi Bois De Grasse Bp 92113, 06130 Grasse

 

 

Country :

France

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

December 1986

 

 

Com. Reg. No.:

33961249100045

 

 

Legal Form :

Simplified Joint Stock Company

 

 

Line of Business :

Manufacture of essential oils

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

1,590,000 Euro

Status :

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

France

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company Information

 

Company Summary

Company Details

Company Number

33961249100045

Name

FIRMENICH GRASSE

Activity(APE)

Manufacture of essential oils

Share capital

25,755,725

Registration Court

Grasse (06)

Legal form

Simplified joint stock company

Court Registry Number

19 9 1B003

Incorporation Date

12/1986

Formation Date

12/1986

Deregistration Date

 

Last account Date

30/06/2010

Nationality

France

Establishment details

Postal Address

106 AV LOUISON BOBET,ZI BOIS DE GRASSE BP 92113
06130 GRASSE,

Trading Address

106 AV LOUISON BOBET,ZI BOIS DE GRASSE BP 92113
06130 GRASSE,

Telephone

04 93 40 44 19

Fax

04 93 40 31 98

Type

Head office

Status

Economically active

Formation Date

12/1986

Reason for formation

Other

Closure Date

 

Reason for closure

 

Reactivation Date

 

Production Role

 

Activity Nature

-

Activity Location

Other

Location surface

 

Seasonality

 

Department

Alpes-Maritimes(06)

Region

Côte d'Azur

District

1

Area

94

City

GRASSE

Size of urban area

Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches

2 branch entities in this company

Company number

33961249100045

Company name

FIRMENICH GRASSE

Type

Head office

Activityape

Manufacture of essential oils

Post Code

06130

City

GRASSE

 

Company number

33961249100060

Company name

FIRMENICH GRASSE

Type

Secondary establishment

Activityape

Manufacture of essential oils

Post Code

83440

City

SEILLANS

 

Company number

33961249100052

Company name

FIRMENICH GRASSE

Type

Secondary establishment

Activityape

Manufacture of essential oils

Post Code

83440

City

TOURRETTES

Regionality

Legal unit with all establishments in same area

Mono-activity status

Legal unit having all establishments with the same main activity

Workforces

Workforce at address

50 to 99 employees

Company workforce

50 to 99 employees

Limit

Credit Information

Credit Limit

1,590,000 Euro

 

 

Synthesized Accounts

 

Period

Annual Return

30/06/2010

30/06/2009

30/06/2008

Account period (month)

12

12

14

Account Type

Normal Account

Normal Account

Normal Account

Currency

Euro

Euro

Euro

Active account

Capital not called

 

 

 

Total fixed assets

13,258,483

8,461,022

7,592,584

- Intangible assets

3,409,940

3,418,949

3,415,768

- Tangible assets

9,537,842

5,037,511

4,172,719

- Financial assets

310,701

4,562

4,095

Net current assets

27,201,600

9,529,318

11,725,440

- Stocks

20,492,169

3,325,570

3,566,607

- Advanced payments

NaN

NaN

NaN

- Receivables

6,533,100

6,181,151

7,593,752

- Securities and cash

114,124

22,597

565,080

- Prepaid expenses

 

 

 

Account regularization

11,254

715

4,498

Total Assets

40,471,339

17,991,054

19,322,523

Passive Account

Shareholder equity

24,249,811

4,648,123

5,230,768

- of which share capital

25,755,725

6,100,000

6,100,000

Other capital resources

 

 

 

Provisions for risks & charges

1,374,191

1,196,539

2,958,498

Liabilities

14,818,363

12,145,571

11,119,930

- Financial liabilities

8,331,369

7,741,108

5,662,442

- Advanced payments received

19,346

 

 

- Trade account payables

4,044,209

3,027,280

3,869,335

- Tax and social liabilities

2,423,439

1,352,469

1,451,238

- Other debts and fixed assets liabilities

28,972

25,530

150,239

Account of regularization

 

 

 

Total liabilities

40,471,339

17,991,053

19,322,523

Profit & Loss

Operating income

34,589,888

25,945,281

29,845,530

Net turnover

37,138,925

24,965,484

29,213,390

- of which net export turnover

20,929,001

4,952,823

9,436,150

Operating charges

37,196,166

27,216,106

30,380,965

Operating profit/loss

-2,606,278

-1,270,825

-535,435

Financial income

156,565

74,794

1,020,723

Financial charges

319,815

348,895

358,537

Financial profit/loss

-163,250

-274,101

662,186

Pretax net operating income

-2,769,528

-1,544,926

126,751

Extraordinary income

6,829,459

2,015,622

484

Extraordinary charges

5,571,510

1,053,341

3,787,180

Extraordinary profit/loss

1,257,949

962,281

-3,786,696

Net profit/loss

-1,511,580

-582,645

-3,659,946

 

Event history

Status history

Date

Description

Company events history

 

Date

Description

12/04/2011

Collection of preferential rights activated for this company

07/03/2011

Bodacc C : Deposit accounts notice

15/02/2011

Bodacc B: Various editing or changing

17/12/2010

Bodacc B: Various editing or changing

07/12/2010

Other modification of Establishment

02/12/2010

Capital reduction

26/11/2010

Legal Gazette: Activity or goodwill cession

18/11/2010

Other modification of Establishment

10/10/2010

Bodacc B: Various editing or changing

29/09/2010

Update of Company Workforce

29/09/2010

Other modification of Establishment

27/09/2010

Amendment

27/09/2010

Updated articles of association

27/09/2010

Declaration of conformity

27/09/2010

Change to corporate purpose

27/09/2010

Capital reduction

27/09/2010

Conversion of equity to euro

27/09/2010

Capital increase

27/09/2010

Merger

30/06/2010

New accounts available

 

Establishment events history

Date                                                    Description

05/04/2011                                            Update Rating

18/02/2011                                            Update Limit

19/01/2011                                            Update Rating

15/12/2009                                            Update Limit

15/12/2009                                            Update Rating

25/02/2009                                            Update Rating

01/12/2008                                            Update Rating

13/01/2008                                            Update Limit

07/01/2008                                            Update Limit

07/01/2008                                            Update Rating

16/12/2007                                            Update Limit

10/12/2007                                            Update Limit

09/12/2007                                            Update Limit

06/12/2007                                            Update Limit

 

Directors

 

 

Name

M BRINKGREVE JOHAN WILLEM PETER

Manager position

Président

Date of birth

01/09/1970

Place of birth

GELDROP(PAYS-BAS)

Type of manager

Individual

Name at birth of manager

 

Judgements / CCJs

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.46

UK Pound

1

Rs.71.53

Euro

1

Rs.64.63

 

 

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.