MIRA INFORM REPORT
|
Report Date : |
09.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SNF SAS |
|
|
|
|
Registered Office : |
Milieux, Zac, 42160 Andrezieux Boutheon |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
March 2000 |
|
|
|
|
Com. Reg. No.: |
430006643 |
|
|
|
|
Legal Form : |
Simplified Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of plastics in primary |
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 : |
(€) 2,000,000 |
|
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) |
|
|
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 |
43000664300034 |
|
Name |
SNF SAS |
|
Telephone |
04 77 36 86 00 |
|
Fax |
04 77 36 86 96 |
|
Legal form |
Simplified joint stock company |
|
RCS Registration |
430006643 |
|
Share Capital |
40,000,000 |
|
Incorporation Date |
03/2000 |
|
Address |
MILIEUX, ZAC |
|
Postcode |
42160 ANDREZIEUX BOUTHEON |
|
Nationality |
|
|
Credit Information Summary |
|
|
Company Status |
Economically active |
|
Credit Limit (€) |
2,000,000 |
|
Judgements Summary |
|
No judgements against this company. |
|
Directors Summary |
|
|
Directorships |
4 |
|
Accounts Summary (last 3 years) |
|||
|
Accounts Date |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Turnover |
335,708,942 |
398,002,956 |
367,830,986 |
|
Networth |
67,469,313 |
20,469,820 |
20,540,683 |
|
Number of Employees |
500 to 999 employees |
- |
- |
Company
Information
|
company details |
|
|
Company Name |
SNF SAS |
|
Company Number |
43000664300034 |
|
Activity (APE) |
Fabrication de matières plastiques de base (Manufacturer of plastics in primary) |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
40,000,000 |
|
Registration Court |
|
|
Legal form |
Simplified joint stock company |
|
Court Registry Number |
20 0 0B001 |
|
EU VAT Number |
FR63430006643 |
|
Incorporation Date |
03/2000 |
|
Formation Date |
03/2000 |
|
Deregistration Date |
|
|
Last account Date |
31/12/2009 |
|
Nationality |
|
|
Establishment details |
|
|
Postal Address |
MILIEUX,ZAC |
|
Trading Address |
MILIEUX,ZAC |
|
Telephone |
04 77 36 86 00 |
|
Fax |
04 77 36 86 96 |
|
Type |
Head office |
|
Status |
Economically active |
|
Formation Date |
03/2000 |
|
Reason for formation |
Contribution |
|
Closure Date |
|
|
Reason for closure |
|
|
Reactivation Date |
|
|
Production Role |
|
|
Activity Nature |
- |
|
Activity Location |
Other |
|
Location Service |
|
|
Seasonality |
|
|
Other establishments |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Branches |
4 branch entities in this company |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Regionality |
Legal unit with multiple establishments in
many areas having at least 80% of workforce in same area |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Mono-activity status |
Legal unit with multiple establishments
having main activities in many divisions, which one activity grouping from 80
to 99% of workforce |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Workforces |
|
|
Workforce at address |
500 to 999 employees |
|
Company workforce |
500 to 999 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 |
335,708,942 |
-15.7% |
398,002,956 |
8.2% |
367,830,986 |
|
Exports |
288,455,554 |
-15.8% |
342,424,590 |
- |
0 |
|
Operating Charges |
322,091,305 |
-17.8% |
391,968,065 |
5.4% |
371,922,951 |
|
Operating Profit |
26,386,158 |
185.4% |
9,245,258 |
-22.3% |
11,898,605 |
|
Financial Income |
8,323,584 |
10.4% |
7,537,176 |
47.4% |
5,114,351 |
|
Financial Charges |
11,989,470 |
-36.2% |
18,780,204 |
0.0% |
18,773,493 |
|
Pre-Tax Profit |
22,720,272 |
1,237.3% |
-1,997,770 |
-13.5% |
-1,760,537 |
|
Extraordinary Income |
3,440,979 |
226.6% |
1,053,466 |
-10.7% |
1,179,366 |
|
Extraordinary Charges |
14,952,814 |
2,090.4% |
682,641 |
-42.5% |
1,187,303 |
|
Net Profit |
8,535,113 |
2,100.5% |
387,870 |
133.7% |
-1,151,578 |
|
Balance Sheet |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Assets |
|||||
|
- Tangible assets |
68,636,116 |
-5.4% |
72,578,344 |
3.2% |
70,361,008 |
|
Intangible assets |
4,825,842 |
17.0% |
4,125,382 |
-0.9% |
4,161,865 |
|
Financial assets |
357,934 |
152.3% |
141,861 |
3.4% |
137,194 |
|
Total fixed assets |
72,528,915 |
-5.6% |
76,845,587 |
2.9% |
74,660,065 |
|
Stocks |
35,496,826 |
0.4% |
35,360,561 |
-6.7% |
37,906,117 |
|
Receivables |
62,802,091 |
-36.6% |
99,124,364 |
-4.1% |
103,405,583 |
|
- Trade Receivables |
44,944,595 |
-47.0% |
84,757,442 |
-1.6% |
86,162,533 |
|
- Misc. Receivables |
17,857,496 |
- |
14,366,922 |
- |
17,243,050 |
|
Cash |
18,573,765 |
62.3% |
11,443,491 |
17.5% |
9,735,420 |
|
Misc. Current Assets |
373,610 |
- |
360,293 |
- |
1,188,985 |
|
Total Current Assets |
117,246,292 |
-19.9% |
146,288,709 |
-3.9% |
152,236,105 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
59,686,188 |
-14.4% |
69,705,212 |
-7.7% |
75,490,452 |
|
Bank Loans and Liabilities |
38,944,796 |
-42.4% |
67,558,126 |
177.2% |
24,368,351 |
|
Sundry Loan and Liabilities |
9,507,034 |
- |
51,644,722 |
- |
95,216,024 |
|
Advanced Payments Received |
269,333 |
100.3% |
134,496 |
527.9% |
21,420 |
|
Tax and Social Liabilities |
11,422,362 |
-6.1% |
12,163,385 |
26.5% |
9,611,928 |
|
Miscellaneous Liabilities |
2,382,431 |
- |
3,838,817 |
- |
3,317,550 |
|
Provisions for Risks & Charges |
1,163,942 |
-77.2% |
5,101,808 |
131.9% |
2,200,133 |
|
Other Capital Resources |
0 |
- |
0 |
- |
0 |
|
Share Capital |
40,000,000 |
388.7% |
8,185,200 |
0.0% |
8,185,200 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
27,469,313 |
- |
12,284,620 |
- |
12,355,483 |
|
Total Shareholders Funds |
67,469,313 |
229.6% |
20,469,820 |
-0.3% |
20,540,683 |
|
|
|||||
|
Total Assets |
193,425,976 |
-16.3% |
231,120,390 |
0.1% |
230,984,865 |
|
Net Worth |
62,643,471 |
- |
16,344,438 |
- |
16,378,818 |
|
Ratios |
|||||
|
Account Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Structure |
|||||
|
Protection |
34.88% |
|
8.86% |
|
8.89% |
|
Net Gearing |
25.05% |
|
51.58% |
|
51.77% |
|
Repayment Power |
182.55% |
|
990.90% |
|
1,405.17% |
|
Capital Requirement |
48.00 day |
|
61.00 day |
|
66.00 day |
|
Working Capital Requirement |
29.00 day |
|
52.00 day |
|
57.00 day |
|
Net Cash |
20.00 day |
|
10.00 day |
|
10.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
38.00% |
|
15.00% |
|
21.00% |
|
Return on Equity |
12.65% |
|
1.89% |
|
-5.61% |
|
Gross Profit |
21.97% Turnover |
|
14.04% Turnover |
|
15.28% Turnover |
|
Growth v's Year Ago Qtr |
-62,294,014€ |
|
30,171,970€ |
|
63,487,698€ |
|
Inventory Returns |
4.00 day |
|
-10.00 day |
|
14.00 day |
|
Receivables Days |
50.00 day |
|
78.00 day |
|
86.00 day |
|
Payable Days |
82.00 day |
|
74.00 day |
|
84.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
0 |
|
0 |
|
0 |
|
Gross Profit |
21.97% Turnover |
|
14.04% Turnover |
|
15.28% Turnover |
|
Wage and Salary distribution / Gross
Profit |
54.39% Turnover |
|
70.08% Turnover |
|
63.47% Turnover |
|
Gross Operating Surplus |
8.28% Turnover |
|
2.96% Turnover |
|
4.23% Turnover |
|
Pre-tax Income |
6.77% Turnover |
|
-0.50% Turnover |
|
-0.48% Turnover |
|
Net Profit/Loss |
2.54% |
|
0.10% |
|
-0.31% |
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
|
Ultimate Parent |
|||
|
Ultimate Parent Company |
S.P.C.M. S.A |
||
|
Companies in Group |
45 |
||
|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
S.P.C.M. S.A |
312327737 |
- |
31/12/2008 |
|
EYANG CHEMICAL |
|
50 % |
N/A |
|
-SNF SAS |
430006643 |
100 % |
31/12/2009 |
|
SNF |
|
100 % |
N/A |
|
SNF FLOERGER DE MEXICO SA DE CV |
|
-1 |
N/A |
|
SNF HOLDING.CO |
|
100 % |
N/A |
|
SNF DO BRASIL LTDA. |
|
100 % |
N/A |
|
SNF |
|
-1 |
N/A |
|
SNF ITALIA SPA |
|
99.49 % |
N/A |
|
SNF AMBIENTAGUA |
|
-1 |
N/A |
|
FLONEX AG |
|
100 % |
N/A |
|
SNF ( |
|
100 % |
N/A |
|
SNF NORDIC AS |
|
-1 |
N/A |
|
SNF NORDIC AB |
|
100 % |
N/A |
|
SNF |
|
-1 |
N/A |
|
SNF BALTREAGENT |
|
100 % |
N/A |
|
SNF PROPERTY LTD |
|
100 % |
N/A |
|
KORONA |
|
50 % |
N/A |
|
SNF TAIXING |
|
100 % |
N/A |
|
EYANG |
|
50 % |
N/A |
|
SNF JAPON |
|
95 % |
N/A |
|
SNF MEXIQUE |
|
99.50 % |
N/A |
|
SNF RSA |
|
100 % |
N/A |
|
SNF INDE |
|
100 % |
N/A |
|
PPC |
|
99 % |
N/A |
|
QUINGDAO AOTONG CHEMICAL |
|
100 % |
N/A |
|
FLOMIN INC |
|
100 % |
N/A |
|
POLYDYNE INC |
|
100 % |
N/A |
|
CHEMTALL INCORPORATED |
|
100 % |
N/A |
|
FLOCRYL INC |
|
100 % |
N/A |
|
FLLOQUIP ENGINEERING |
|
100 % |
N/A |
|
POLYCHEME INC |
|
100 % |
N/A |
|
KF-SNF CO. LTD |
|
-1 |
N/A |
|
FMI |
961502564 |
99.99 % |
31/12/2007 |
|
SNF CHEMICAL THAILAND CO. LTD. |
|
-1 |
N/A |
|
POLYCHEMIE GMBH |
|
-1 |
N/A |
|
FLOERGER SEA PTE.LTD |
|
-1 |
N/A |
|
SNF |
|
-1 |
N/A |
|
SOKOFLOK S.R.O |
|
-1 |
N/A |
|
SOKOFLOK |
|
-1 |
N/A |
|
SNF HONGRIE KFT |
|
-1 |
N/A |
|
SNF FLOERGER |
|
-1 |
N/A |
|
SNF |
|
-1 |
N/A |
|
|
|
-1 |
N/A |
|
PETROLEUM POLYMER COMPANY LLC |
|
-1 |
N/A |
Event
history
|
Status history |
|
|
Date |
Description |
|
09/02/2009 |
Economically
active |
|
Recent
Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
08/09/2010 |
C |
Comptes annuels
et rapports |
|
42 - |
||
|
|
||
|
05/02/2010 |
B |
Modification et
mutation diverse |
|
42 - LOIRE |
||
|
|
||
|
31/08/2009 |
C |
Comptes annuels
et rapports |
|
42 - LOIRE |
||
|
|
||
|
22/04/2009 |
B |
Modification et
mutation diverse |
|
42 - LOIRE |
||
|
|
||
|
29/08/2008 |
C |
Comptes annuels
et rapports |
|
42 - LOIRE |
||
|
|
||
|
06/10/2007 |
C |
Avis de dépôt
des comptes |
|
3249 - 430 006
643. RCS |
||
|
|
||
|
12/04/2007 |
B |
Modifications et
mutations diverses |
|
1008 - RCS |
||
|
|
||
|
24/09/2006 |
B |
Modifications et
mutations diverses |
|
0836 - RCS |
||
|
|
||
|
12/09/2006 |
C |
Avis de dépôt
des comptes |
|
2780 - RCS |
||
|
|
||
|
31/08/2005 |
C |
Avis de dépôt
des comptes |
|
2587 - RCS |
||
|
|
||
|
10/08/2005 |
B |
Modifications et
mutations diverses |
|
736 - RCS |
||
|
Company events
history |
|
|
Date |
Description |
|
08/09/2010 |
Bodacc C :
Deposit accounts notice |
|
05/02/2010 |
Bodacc B:
Various editing or changing |
|
21/01/2010 |
Capital increase |
|
21/01/2010 |
Audit or
Management Report |
|
21/01/2010 |
Updated articles
of association |
|
31/12/2009 |
New accounts
available |
|
14/12/2009 |
Legal Gazette:
Modification of the share capital |
|
14/12/2009 |
Other
modification of Establishment |
|
31/08/2009 |
Bodacc C :
Deposit accounts notice |
|
22/04/2009 |
Bodacc B: Various
editing or changing |
|
09/04/2009 |
Registered
office transferred inside jurisdiction of the |
|
09/04/2009 |
Private document |
|
09/04/2009 |
Updated articles
of association |
|
09/04/2009 |
Minutes of Board meeting |
|
09/02/2009 |
Transfer of Establishment |
|
09/02/2009 |
Update of Company Head Office Identifier |
|
31/12/2008 |
New accounts available |
|
29/08/2008 |
Bodacc C : Deposit accounts notice |
|
31/12/2007 |
New accounts available |
|
19/03/2007 |
PV d'Assemblée |
|
Establishment events history |
|
|
Date |
Description |
|
04/01/2011 |
Update Rating |
|
09/04/2010 |
Update Rating |
|
23/03/2010 |
Update of phone numbers |
|
15/05/2009 |
Update Rating |
Directors
|
Director |
|||
|
Name |
M REMY PASCAL
ANDRE LOUIS |
Manager position |
Directeur général |
|
Date of birth |
28/07/1960 |
Place of birth |
54 |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M JERONIMO
PHILIPPE MICHEL |
Manager position |
Directeur général |
|
Date of birth |
12/02/1960 |
Place of birth |
42 |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M PICH RENE
ANGELO |
Manager position |
Directeur général |
|
Date of birth |
09/10/1940 |
Place of birth |
NOLE ITALIE(ITALIE) |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M HUND RENE |
Manager position |
Président du directoire |
|
Date of birth |
08/11/1957 |
Place of birth |
57 THIONVILLE |
|
Type of manager |
Individual |
Name at birth of
manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.03 |
|
|
1 |
Rs.72.98 |
|
Euro |
1 |
Rs.62.94 |
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 |
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.