MIRA INFORM
REPORT
|
Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SOC CHARABOT SA |
|
|
|
|
Registered Office : |
10 Av Yves Emmanuel Baudoin, 06131 Grasse Cedex |
|
|
|
|
Country : |
France |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
June 1956 |
|
|
|
|
Com. Reg. No.: |
415650217 |
|
|
|
|
Legal Form : |
Plc with Management Board |
|
|
|
|
Line of Business : |
Manufacture of essential oils |
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 : |
2,000,000€ |
|
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 |
`
REGISTERED NAME & COMPANY
SUMMARY
|
Name |
|
|
Telephone |
04 93 09 33 01 |
|
Fax |
|
|
Legal form |
Plc with management board |
|
RCS Registration |
415650217 |
|
Share Capital |
6,100,000 |
|
Incorporation Date |
06/1956 |
|
Address |
10 AV YVES EMMANUEL BAUDOIN |
|
Postcode |
06131 GRASSE CEDEX |
|
Nationality |
France |
Company
Information
|
company details |
|
|
Company Name |
SOC CHARABOT SA |
|
Company Number |
41565021700011 |
|
Activity (APE) |
Manufacture of essential oils |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
6,100,000 |
|
Registration Court |
Grasse (06) |
|
Legal form |
Plc with management board |
|
Court Registry Number |
19 5 6B000 |
|
EU VAT Number |
FR46415650217 |
|
Incorporation Date |
06/1956 |
|
Formation Date |
01/1956 |
|
Deregistration Date |
|
|
Last account Date |
31/12/2009 |
|
Nationality |
France |
|
Establishment details |
|
|
Postal Address |
10 AV YVES EMMANUEL BAUDOIN, |
|
Trading Address |
10 AV YVES EMMANUEL BAUDOIN, |
|
Telephone |
04 93 09 33 01 |
|
Fax |
|
|
Type |
Head office |
|
Status |
Economically active |
|
Formation Date |
01/1956 |
|
Reason for formation |
|
|
Closure Date |
|
|
Reason for closure |
|
|
Reactivation Date |
|
|
Production Role |
|
|
Activity Nature |
- |
|
Activity Location |
Other |
|
Location Service |
|
|
Seasonality |
|
CREDIT RECOMENDATION
Current Credit Limit: 2,000,000€
DIRECTORS/MANAGEMENT
|
Directors Summary |
||||
|
Directorships |
3 |
|||
|
Director |
||||
|
Name |
SANSOLDI MARIE-JEANNE |
Manager position |
Président du conseil de surveillance |
|
|
Date of birth |
20/08/1941 |
Place of birth |
GRASSE 06130 |
|
|
Type of manager |
Individual |
Name at birth of manager |
FOLCO |
|
|
Director |
||||
|
Name |
M THELOTTE MARC GASON MICHEL |
Manager position |
Président du directoire |
|
|
Date of birth |
09/02/1958 |
Place of birth |
CHAMBERY |
|
|
Type of manager |
Individual |
Name at birth of manager |
|
|
|
Director |
||||
|
Name |
M PICOLET LIONEL |
Manager position |
Directeur général |
|
|
Date of birth |
08/12/1956 |
Place of birth |
LYON |
|
|
Type of manager |
Individual |
Name at birth of manager |
|
|
NEGATIVE INFORMATION
|
Judgements Summary |
|
No judgements against this company. |
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. |
SHARE & SHARE CAPITAL
INFORMATION
|
Share Capital |
6,100,000 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Parent |
|||
|
Ultimate Parent Company |
MAUBERT |
||
|
Companies in Group |
25 |
||
|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
MAUBERT |
397588039 |
- |
N/A |
|
-ROBERTET S.A. |
415750660 |
50.60 % |
31/12/2008 |
|
ROBERTET INC |
United States of America |
100 % |
N/A |
|
ROBERTET INDIA LTD |
India |
100 % |
N/A |
|
ROBERTET IRAN |
Iran |
49 % |
N/A |
|
ROBERTET FLAVORS INC |
United States of America |
100 % |
N/A |
|
ROBERTET ET CIE |
Switzerland |
100 % |
N/A |
|
ROBERTET GMBH |
Germany |
100 % |
N/A |
|
ROBERTET HIYOKI LTD |
Japan |
100 % |
N/A |
|
ROBERTET TURQUIE |
Turkey |
100 % |
N/A |
|
ROBERTET ITALIA |
Italy |
100 % |
N/A |
|
ROBERTET SAVOURY |
Belgium |
100 % |
N/A |
|
CHARABOT S.A. |
415650217 |
34.92 % |
31/12/2009 |
|
ROBERTET DO BRASIL LTDA |
Brazil |
100 % |
N/A |
|
ROBERTET CHINA |
China |
100 % |
N/A |
|
ROBERTET ESPANA |
Spain |
100 % |
N/A |
|
ROBERTET DE MEXICO SA DE CV |
Mexico |
100 % |
N/A |
|
ROBERTET UK |
United Kingdom |
93.80 % |
N/A |
|
ROBERTET FRAGRANCES INC. |
United States of America |
100 % |
N/A |
|
ROBERTET SOUTH AFRICA AROMATICS |
South Africa |
100 % |
N/A |
|
ROBERTET ARGENTINA SAIC |
Argentina |
100 % |
N/A |
|
ROBERTET BEJING |
China |
100 % |
N/A |
|
-MANUTA |
400156337 |
100 % |
N/A |
|
CHARABOT PARTICIPATIONS |
401239181 |
38.50 % |
N/A |
|
PLANTES AROMATIQUES DU DIOIS |
421637273 |
49.20 % |
31/12/2009 |
FINANCIAL INFORMATION
|
Accounts Summary (last 3 years) |
|||
|
Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
67,200,544 |
73,526,444 |
70,316,251 |
|
Networth |
46,210,817 |
45,372,454 |
42,771,543 |
|
Number of Employees |
250 to 499 employees |
- |
- |
|
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 |
67,200,544 |
-8.6% |
73,526,444 |
4.6% |
70,316,251 |
|
Exports |
55,314,055 |
-4.1% |
57,674,475 |
6.7% |
54,037,817 |
|
Operating Charges |
66,723,466 |
-9.4% |
73,622,185 |
5.5% |
69,788,193 |
|
Operating Profit |
780,092 |
-56.7% |
1,800,210 |
-2.9% |
1,854,368 |
|
Financial Income |
1,620,633 |
-19.4% |
2,011,120 |
131.9% |
867,326 |
|
Financial Charges |
1,141,003 |
-56.4% |
2,614,859 |
64.5% |
1,589,836 |
|
Pre-Tax Profit |
1,259,722 |
5.3% |
1,196,472 |
5.7% |
1,131,858 |
|
Extraordinary Income |
557,665 |
-93.6% |
8,720,883 |
6,318.2% |
135,877 |
|
Extraordinary Charges |
982,614 |
-86.5% |
7,284,944 |
652.5% |
968,106 |
|
Net Profit |
852,345 |
-67.3% |
2,604,645 |
1,526.4% |
160,150 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible assets |
18,896,152 |
-4.8% |
19,846,182 |
-12.0% |
22,550,543 |
|
Intangible assets |
136,360 |
-26.9% |
186,658 |
-6.3% |
199,140 |
|
Financial assets |
5,415,879 |
-20.7% |
6,829,650 |
27.1% |
5,372,437 |
|
Total fixed assets |
24,448,391 |
-9.0% |
26,862,489 |
-4.5% |
28,122,120 |
|
Stocks |
14,007,136 |
-13.6% |
16,210,079 |
5.9% |
15,311,222 |
|
Receivables |
21,359,918 |
-14.4% |
24,956,555 |
9.7% |
22,753,394 |
|
- Trade Receivables |
17,997,060 |
-13.0% |
20,674,831 |
3.5% |
19,970,981 |
|
- Misc. Receivables |
3,362,858 |
- |
4,281,724 |
- |
2,782,413 |
|
Cash |
9,805,749 |
603.5% |
1,393,943 |
16.1% |
1,200,301 |
|
Misc. Current Assets |
115,401 |
- |
84,929 |
- |
205,786 |
|
Total Current Assets |
45,288,204 |
6.2% |
42,645,506 |
8.0% |
39,470,703 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
6,975,411 |
-8.1% |
7,588,696 |
-3.5% |
7,863,969 |
|
Bank Loans and Liabilities |
9,692,796 |
18.9% |
8,153,686 |
-21.2% |
10,347,600 |
|
Sundry Loan and Liabilities |
1,768 |
- |
16,289 |
- |
16,289 |
|
Advanced Payments Received |
296,051 |
- |
0 |
- |
0 |
|
Tax and Social Liabilities |
3,452,187 |
-14.3% |
4,028,792 |
12.0% |
3,598,045 |
|
Miscellaneous Liabilities |
798,414 |
- |
2,213,700 |
- |
2,166,573 |
|
Provisions for Risks & Charges |
2,231,542 |
6.8% |
2,089,856 |
104.6% |
1,021,466 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
6,100,000 |
0.0% |
6,100,000 |
0.0% |
6,100,000 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
40,110,817 |
- |
39,272,454 |
- |
36,671,543 |
|
Total Shareholders Funds |
46,210,817 |
1.8% |
45,372,454 |
6.1% |
42,771,543 |
|
|
|||||
|
Total Assets |
69,756,784 |
0.3% |
69,578,303 |
2.5% |
67,853,889 |
|
Net Worth |
46,074,457 |
- |
45,185,796 |
- |
42,572,403 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
66.25% |
|
65.21% |
|
62.81% |
|
Net Gearing |
13.90% |
|
11.74% |
|
15.58% |
|
Repayment Power |
218.22% |
|
-351.19% |
|
322.92% |
|
Capital Requirement |
167.00 day |
|
119.00 day |
|
106.00 day |
|
Working Capital Requirement |
128.00 day |
|
135.00 day |
|
129.00 day |
|
Net Cash |
39.00 day |
|
-15.00 day |
|
-22.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
10.00% |
|
13.00% |
|
11.00% |
|
Return on Equity |
1.84% |
|
5.74% |
|
0.37% |
|
Gross Profit |
32.37% Turnover |
|
32.16% Turnover |
|
32.51% Turnover |
|
Growth v's Year Ago Qtr |
-6,325,900€ |
|
3,210,193€ |
|
1,865,410€ |
|
Inventory Returns |
-16.00 day |
|
2.00 day |
|
-3.00 day |
|
Receivables Days |
99.00 day |
|
102.00 day |
|
102.00 day |
|
Payable Days |
58.00 day |
|
54.00 day |
|
58.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
0 |
|
0 |
|
0 |
|
Gross Profit |
32.37% Turnover |
|
32.16% Turnover |
|
32.51% Turnover |
|
Wage and Salary distribution / Gross Profit |
80.39% Turnover |
|
76.97% Turnover |
|
78.60% Turnover |
|
Gross Operating Surplus |
3.80% Turnover |
|
4.77% Turnover |
|
4.47% Turnover |
|
Pre-tax Income |
1.87% Turnover |
|
1.63% Turnover |
|
1.61% Turnover |
|
Net Profit/Loss |
1.27% |
|
3.54% |
|
0.23% |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Other establishments |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Branches |
5 branch entities in this company |
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|
Regionality |
Legal unit with multiple establishments in many areas having at least
80% of workforce in same area |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Mono-activity status |
Legal unit having all establishments with the same main activity |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Workforces |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Workforce at address |
100 to 199 employees |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Company workforce |
250 to 499 employees |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Event history
|
Status history |
||||||
|
No status history for this company. |
||||||
|
Recent Publications in Gazettes |
||||||
|
Publication Date |
Gazette Name |
Description |
||||
|
20/09/2010 |
C |
Comptes annuels et rapports |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
04/08/2010 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
19/07/2009 |
C |
Comptes annuels, consolidés et rapports |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
15/03/2009 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
10/02/2009 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
09/09/2008 |
C |
Comptes annuels, consolidés et rapports |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
29/04/2008 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
29/04/2008 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
08/01/2008 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
08/01/2008 |
B |
Modification et mutation diverse |
||||
|
06 - ALPES-MARITIMES |
||||||
|
|
||||||
|
26/10/2007 |
C |
Avis de dépôt des comptes |
||||
|
321 - 415 650 217. RCS Grasse CHARABOT SA. Forme: Société
anonyme à directoire. Adresse du siège social: 10. avenue Y Emmanuel Baudoin
06332 Grasse. Comptes annuels, comptes consolidés et rapport de l'exercice cl
os le: 31 décembre 2006. |
||||||
|
|
||||||
|
26/10/2007 |
B |
Modifications et mutations diverses |
||||
|
127 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT S.A.
Forme : S.A. à directoire. Commentaires : modification survenue sur
l'administration. Administration : membre du directoire partant : SANSOLDI
(Jean, François). |
||||||
|
|
||||||
|
25/09/2006 |
C |
Avis de dépôt des comptes |
||||
|
94 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT SA.
Forme: S.A. à directoire. Adresse du siège social: 10. avenue y Emmanuel
Baudoin,06332 Grasse-Cedex. Comptes annuels, comptes consolidés et rapport de
l'exercice cl os le: 31 décembre 2005. |
||||||
|
|
||||||
|
16/09/2005 |
C |
Avis de dépôt des comptes |
||||
|
1029 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT SA.
Forme: S.A. à directoire. Adresse du siège social: 10. avenue y Emmanuel Baudoin,06332
Grasse-Cedex. Comptes annuels, comptes consolidés et rapport de l'exercice cl
os le: 31 décembre 2004. |
||||||
|
|
||||||
|
13/05/2005 |
B |
Modifications et mutations diverses |
||||
|
71 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT S.A.
Forme : S.A. à directoire. Commentaires : modification survenue sur
l'administration. Administration : membre du directoire partant : DESCORMIERS
(Guy). |
||||||
|
|
||||||
|
10/05/2005 |
B |
Modifications et mutations diverses |
||||
|
143 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT S.A.
Forme : S.A. à directoire. Commentaires : modification survenue sur
l'administration. Administration : membre du directoire partant : MAZET
(Cécile, Marguerite, Madeleine). Nomination d'un membre du directoire :
DUCHAINE (Xavier). |
||||||
|
|
||||||
|
12/02/2005 |
C |
Avis de dépôt des comptes |
||||
|
428 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT SA.
Forme: S.A. à directoire. Adresse du siège social: 10. avenue y Emmanuel
Baudoin,06332 Grasse-Cedex. Comptes annuels, comptes consolidés et rapport de
l'exercice clos le: 31 décembre 2003. |
||||||
|
|
||||||
|
09/01/2005 |
B |
Modifications et mutations diverses |
||||
|
55 - RCS Grasse B 415 650 217. RC 56-B 21. CHARABOT S.A.
Forme : S.A. à directoire. Commentaires : modification survenue sur
l'administration. Administration : membre du conseil
de surveillance partant : STE HOLLANDAISE EMBARUM BV, représentée par VAN DER
KROFT (Adrian). |
||||||
|
|
||||||
|
29/12/2004 |
B |
Modifications et mutations diverses |
||||
|
RCS Grasse B 415650217 RC 56-B 21 CHARABOT S.A. Forme :
S.A. à directoire. Commentaires : modification survenue sur l'administration.
Administration : modification d'un membre du conseil de surveillance : S.C.
CHARABOT PARTICIPATIONS, représentée par MASSE ( Philippe, Henri, Jean). |
||||||
|
|
||||||
|
21/09/2004 |
B |
Modifications et mutations diverses |
||||
|
RCS Grasse B 415650217 RC 56-B 21 CHARABOT S.A. Forme :
S.A. à directoire. Activité : fabrication, achat, vente, représentation de
toutes matières premières pour parfumerie, savonnerie, droguerie, pharmacie,
industrie alimentaire, produits chimiques et dérivés. Commentaires :
modification survenue sur l'activité. |
||||||
|
Company events history |
||||||
|
Date |
Description |
|||||
|
20/09/2010 |
Bodacc C : Deposit accounts notice |
|||||
|
13/08/2010 |
New ultimate parent |
|||||
|
04/08/2010 |
Bodacc B: Various editing or changing |
|||||
|
21/07/2010 |
New auditor |
|||||
|
31/12/2009 |
New accounts available |
|||||
|
19/07/2009 |
Bodacc C : Deposit accounts notice |
|||||
|
15/03/2009 |
Bodacc B: Various editing or changing |
|||||
|
27/02/2009 |
Private document |
|||||
|
27/02/2009 |
Appointment/resignation of company officers |
|||||
|
27/02/2009 |
Minutes of general meeting of shareholders |
|||||
|
10/02/2009 |
New Bodacc B ads detected |
|||||
|
23/01/2009 |
Appointment/resignation of company officers |
|||||
|
23/01/2009 |
Private document |
|||||
|
23/01/2009 |
Minutes of general meeting of shareholders |
|||||
|
31/12/2008 |
New accounts available |
|||||
|
09/09/2008 |
Bodacc C : Deposit accounts notice |
|||||
|
03/07/2008 |
Collection of preferential rights activated for this company |
|||||
|
29/04/2008 |
New Bodacc B ads detected |
|||||
|
29/04/2008 |
Bodacc B: Various editing or changing |
|||||
|
18/04/2008 |
Private document |
|||||
|
Establishment events history |
|
|
Date |
Description |
|
13/09/2010 |
Update Rating |
|
03/09/2010 |
Update Rating |
|
09/12/2007 |
Update Limit |
NOTES & COMMENTS
Na
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.