MIRA
INFORM REPORT
|
Report Date : |
31.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SOLIANCE |
|
|
|
|
Registered Office : |
Rte De Bazancourt 51110 Pomacle |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2009 |
|
|
|
|
Date of Incorporation : |
July 1994 |
|
|
|
|
Com. Reg. No.: |
39766289100019 |
|
|
|
|
Legal Form : |
Public Limited Company With Board of Directors |
|
|
|
|
Line of Business : |
Manufacture of perfumes and toilet preparations |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
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 |
39766289100019 |
|
Name |
SOLIANCE |
|
Telephone |
03 26 05 42 80 |
|
Fax |
03 26 05 42 89 |
|
Legal form |
Public limited company with board of directors |
|
RCS Registration |
397662891 |
|
Share Capital |
1,203,125 |
|
Incorporation Date |
07/1994 |
|
Address |
RTE DE BAZANCOURT |
|
Postcode |
51110 POMACLE |
|
Nationality |
|
|
Judgements Summary |
|
No judgements against this company. |
|
Directors Summary |
|
|
Directorships |
9 |
|
Accounts Summary (last 3 years) |
|||
|
Accounts Date |
30/06/2009 |
30/06/2008 |
30/06/2007 |
|
Turnover |
12,758,198 |
14,945,997 |
14,882,946 |
|
Networth |
2,687,202 |
3,834,570 |
3,667,109 |
|
Number of Employees |
20 to 49 employees |
- |
- |
Company
Information
|
company details |
|
|
Company Name |
SOLIANCE |
|
Company Number |
39766289100019 |
|
Activity (APE) |
Manufacture of perfumes and toilet preparations |
|
Activity (APRM) |
|
|
Currency |
EURO (€) |
|
Share capital |
1,203,125 |
|
Registration Court |
|
|
Legal form |
Public limited company with board of directors |
|
Court Registry Number |
19 9 4B003 |
|
EU VAT Number |
FR41397662891 |
|
Incorporation Date |
07/1994 |
|
Formation Date |
08/1994 |
|
Deregistration Date |
|
|
Last account Date |
30/06/2009 |
|
Nationality |
|
|
Establishment details |
|
|
Postal Address |
RTE DE BAZANCOURT, |
|
Trading Address |
RTE DE BAZANCOURT, |
|
Telephone |
03 26 05 42 80 |
|
Fax |
03 26 05 42 89 |
|
Type |
Head office |
|
Status |
Economically active |
|
Formation Date |
08/1994 |
|
Reason for formation |
Formation |
|
Closure Date |
|
|
Reason for closure |
|
|
Reactivation Date |
|
|
Production Role |
|
|
Activity Nature |
Manufacture, production |
|
Activity Location |
Plant |
|
Location Service |
|
|
Seasonality |
|
|
Other establishments |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Branches |
5 branch entities in this company |
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|
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|
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 |
20 to 49 employees |
Accounts
& Ratios
|
Profit & Loss |
|||||
|
Account Date |
30/06/2009 |
% |
30/06/2008 |
% |
30/06/2007 |
|
Account period (month) |
12 |
- |
12 |
- |
12 |
|
Account Type |
Normal Account |
- |
Normal Account |
- |
Normal Account |
|
Currency |
Euro |
- |
Euro |
- |
Euro |
|
Turnover |
12,758,198 |
-14.6% |
14,945,997 |
0.4% |
14,882,946 |
|
Exports |
5,970,760 |
-21.8% |
7,635,956 |
-12.3% |
8,707,017 |
|
Operating Charges |
12,472,269 |
-19.6% |
15,508,700 |
6.6% |
14,546,829 |
|
Operating Profit |
-885,826 |
-200.3% |
882,813 |
66.8% |
529,341 |
|
Financial Income |
21,970 |
74.9% |
12,559 |
13.2% |
11,097 |
|
Financial Charges |
265,559 |
-6.2% |
283,054 |
31.4% |
215,495 |
|
Pre-Tax Profit |
-1,129,415 |
-284.4% |
612,319 |
88.4% |
324,942 |
|
Extraordinary Income |
31,886 |
-50.4% |
64,286 |
-68.5% |
204,086 |
|
Extraordinary Charges |
125,080 |
-1.2% |
126,540 |
405.3% |
25,045 |
|
Net Profit |
-990,582 |
-356.1% |
386,747 |
0.4% |
385,383 |
|
Balance Sheet |
|||||
|
Account Date |
30/06/2009 |
% |
30/06/2008 |
% |
30/06/2007 |
|
Assets |
|||||
|
- Tangible assets |
2,426,279 |
-3.7% |
2,519,310 |
-1.4% |
2,555,828 |
|
Intangible assets |
2,873,265 |
69.4% |
1,695,788 |
10.7% |
1,532,183 |
|
Financial assets |
64,160 |
-97.1% |
2,194,056 |
-10.9% |
2,462,219 |
|
Total fixed assets |
5,363,704 |
-16.3% |
6,409,153 |
-2.2% |
6,550,231 |
|
Stocks |
3,789,417 |
-14.9% |
4,451,407 |
40.5% |
3,167,387 |
|
Receivables |
2,987,117 |
-20.2% |
3,743,798 |
-21.8% |
4,789,343 |
|
- Trade Receivables |
2,502,440 |
-20.1% |
3,133,856 |
-13.3% |
3,612,924 |
|
- Misc. Receivables |
484,677 |
- |
609,942 |
- |
1,176,419 |
|
Cash |
103,738 |
75.7% |
59,034 |
-80.8% |
307,027 |
|
Misc. Current Assets |
8,375 |
- |
8,900 |
- |
8,900 |
|
Total Current Assets |
6,888,647 |
-16.6% |
8,263,139 |
-0.1% |
8,272,657 |
|
Liabilities |
|||||
|
Trade Accounts Payable |
1,385,544 |
-52.9% |
2,942,611 |
-25.8% |
3,965,145 |
|
Bank Loans and Liabilities |
3,357,353 |
-27.5% |
4,634,018 |
36.4% |
3,397,009 |
|
Sundry Loan and Liabilities |
132,764 |
- |
425,971 |
- |
262,310 |
|
Advanced Payments Received |
0 |
- |
0 |
- |
0 |
|
Tax and Social Liabilities |
597,110 |
1.5% |
588,445 |
-0.4% |
590,790 |
|
Miscellaneous Liabilities |
3,950,108 |
- |
2,106,826 |
- |
2,695,276 |
|
Provisions for Risks & Charges |
30,884 |
8.5% |
28,465 |
19.3% |
23,861 |
|
Other Capital Resources |
111,387 |
0.0% |
111,387 |
-49.7% |
221,387 |
|
Share Capital |
1,203,125 |
0.0% |
1,203,125 |
0.0% |
1,203,125 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Other Reserves |
1,484,077 |
- |
2,631,445 |
- |
2,463,984 |
|
Total Shareholders Funds |
2,687,202 |
-29.9% |
3,834,570 |
4.6% |
3,667,109 |
|
|
|||||
|
Total Assets |
12,252,351 |
-16.5% |
14,672,292 |
-1.0% |
14,822,887 |
|
Net Worth |
-186,063 |
- |
2,138,782 |
- |
2,134,926 |
|
Ratios |
|||||
|
Account Date |
30/06/2009 |
% |
30/06/2008 |
% |
30/06/2007 |
|
Structure |
|||||
|
Protection |
22.84% |
|
26.89% |
|
26.23% |
|
Net Gearing |
28.49% |
|
34.49% |
|
24.69% |
|
Repayment Power |
-509.33% |
|
275.00% |
|
187.36% |
|
Capital Requirement |
-13.00 day |
|
10.00 day |
|
-20.00 day |
|
Working Capital Requirement |
24.00 day |
|
62.00 day |
|
17.00 day |
|
Net Cash |
-37.00 day |
|
-52.00 day |
|
-37.00 day |
|
|
|||||
|
Performance |
|||||
|
Return on Invested Capital |
-5.00% |
|
30.00% |
|
22.00% |
|
Return on Equity |
-36.86% |
|
10.09% |
|
10.51% |
|
Gross Profit |
22.32% Turnover |
|
30.68% Turnover |
|
26.49% Turnover |
|
Growth v's Year Ago Qtr |
-2,187,799€ |
|
63,051€ |
|
3,739,112€ |
|
Inventory Returns |
-87.00 day |
|
71.00 day |
|
8.00 day |
|
Receivables Days |
73.00 day |
|
77.00 day |
|
89.00 day |
|
Payable Days |
54.00 day |
|
89.00 day |
|
129.00 day |
|
|
|||||
|
SIG |
|||||
|
Profit |
99.41% Turnover |
|
95.17% Turnover |
|
84.29% Turnover |
|
Gross Profit |
22.32% Turnover |
|
30.68% Turnover |
|
26.49% Turnover |
|
Wage and Salary distribution / Gross Profit |
98.10% Turnover |
|
51.61% Turnover |
|
56.28% Turnover |
|
Gross Operating Surplus |
-2.02% Turnover |
|
12.74% Turnover |
|
10.02% Turnover |
|
Pre-tax Income |
-8.85% Turnover |
|
4.10% Turnover |
|
2.18% Turnover |
|
Net Profit/Loss |
-7.76% |
|
2.59% |
|
2.59% |
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 |
SOLIANCE |
||
|
Companies in Group |
2 |
||
|
Company Name |
Country |
Share |
Latest Annual Accounts |
|
SOLIANCE |
397662891 |
- |
30/06/2009 |
|
SOLIANCE US CORPORATION |
|
100 % |
N/A |
Event
history
|
Status history |
|
No status history for this company. |
|
Recent Publications in Gazettes |
||
|
Publication Date |
Gazette Name |
Description |
|
18/05/2010 |
B |
Modification et mutation diverse |
|
51 - MARNE |
||
|
|
||
|
10/05/2010 |
C |
Comptes annuels et rapports |
|
51 - MARNE |
||
|
|
||
|
27/02/2009 |
C |
Comptes annuels et rapports |
|
51 - MARNE |
||
|
|
||
|
24/07/2008 |
A_REG |
Vente et cession |
|
51 - MARNE |
||
|
|
||
|
24/07/2008 |
A_REG |
Vente et cession |
|
51 - MARNE |
||
|
|
||
|
24/07/2008 |
C |
Comptes annuels et rapports |
|
51 - MARNE |
||
|
|
||
|
27/04/2007 |
B |
Modifications et mutations diverses |
|
1085 - RCS |
||
|
|
||
|
16/03/2007 |
C |
Avis de dépôt des comptes |
|
5460 - RCS |
||
|
|
||
|
14/11/2006 |
B |
Modifications et mutations diverses |
|
1356 - RCS |
||
|
|
||
|
01/09/2006 |
B |
Modifications et mutations diverses |
|
0786 - RCS |
||
|
|
||
|
10/08/2006 |
A_REG |
Vente et cession |
|
1657 - RCS |
||
|
|
||
|
17/03/2006 |
C |
Avis de dépôt des comptes |
|
1908 - RCS |
||
|
|
||
|
15/04/2005 |
C |
Avis de dépôt des comptes |
|
934 - RCS |
||
|
|
||
|
22/02/2005 |
A_REG |
Vente et cession |
|
1234 - RCS B 393 140 553. RC 05-B 969. |
||
|
|
||
|
09/03/2004 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
22/02/2004 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
15/02/1998 |
B |
Modifications et mutations diverses |
|
RCS |
||
|
|
||
|
15/11/1996 |
B |
Modifications et mutations diverses |
|
RCS o. RCS |
||
|
|
||
Company events history
|
|
|
Date |
Description |
|
12/11/2010 |
Disengagement of the group |
|
26/10/2010 |
Collection of preferential rights activated for this company |
|
18/05/2010 |
Bodacc B: Various editing or changing |
|
10/05/2010 |
Bodacc C : Deposit accounts notice |
|
28/04/2010 |
Changes to the Board of Directors |
|
28/04/2010 |
Minutes of Board meeting |
|
18/04/2010 |
Legal Gazette: Resignation / Revocation of the social representative |
|
18/09/2009 |
Legal Gazette: Appointment of the social representative |
|
30/06/2009 |
New accounts available |
|
27/02/2009 |
Bodacc C : Deposit accounts notice |
|
20/01/2009 |
Merger |
|
20/01/2009 |
Change to corporate purpose |
|
20/01/2009 |
Private document |
|
20/01/2009 |
Declaration of conformity |
|
20/01/2009 |
Minutes of general meeting of shareholders |
|
20/01/2009 |
Amendment |
|
20/01/2009 |
Updated articles of association |
|
14/11/2008 |
Amendment |
|
14/11/2008 |
Private document |
|
14/11/2008 |
Planned merger |
Establishment events history
|
|
|
Date |
Description |
|
05/03/2011 |
Update Limit |
|
04/03/2011 |
Update Rating |
|
21/01/2011 |
Update Rating |
|
27/04/2010 |
Update Limit |
|
27/04/2010 |
Update Rating |
|
06/04/2010 |
Update Limit |
|
02/03/2010 |
Update Rating |
|
02/03/2010 |
Update Limit |
|
29/12/2009 |
Update Rating |
|
04/06/2009 |
Update Rating |
|
02/04/2009 |
Update Rating |
|
16/03/2009 |
Update Rating |
|
04/03/2009 |
Update Rating |
|
09/04/2008 |
Update Rating |
|
09/04/2008 |
Update Limit |
|
02/04/2008 |
Update Limit |
|
01/03/2008 |
Update Rating |
|
16/12/2007 |
Update Limit |
|
10/12/2007 |
Update Limit |
|
09/12/2007 |
Update Limit |
Directors
|
Director |
|||
|
Name |
PREVOTEAU FRANÇOIS-MICHEL MARIE |
Manager position |
Président du conseil d'administration |
|
Date of birth |
23/12/1956 |
Place of birth |
51 BAZANCOURT |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
LE HENAFF YVON RAOUL JEAN-MARIE |
Manager position |
Directeur général |
|
Date of birth |
06/03/1952 |
Place of birth |
26 TAIN L HERMITAGE |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
VERZEAUX JEAN-POL |
Manager position |
Administrateur |
|
Date of birth |
19/04/1948 |
Place of birth |
51 BEINE-NAUROY |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
BAILLEUL PASCAL JULES JEAN |
Manager position |
Administrateur |
|
Date of birth |
20/02/1958 |
Place of birth |
62 MAZINGARBE |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
AUBRY PHILIPPE CLAUDE RENÉ |
Manager position |
Administrateur |
|
Date of birth |
07/11/1962 |
Place of birth |
54 LUNÉVILLE |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
MILLET DANIEL PAUL |
Manager position |
Administrateur |
|
Date of birth |
21/01/1947 |
Place of birth |
08 AUSSONCE |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
AGRO INDUSTRIE RECHERCHE ET DEVELOPPEMENT
A.R.D. |
Manager position |
Administrateur |
|
Date of birth |
|
Place of birth |
|
|
Type of manager |
Moral person |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
HERMANT DIDIER RENÉ ALBERT |
Manager position |
Administrateur |
|
Date of birth |
21/12/1959 |
Place of birth |
59 ORCHIES |
|
Type of manager |
Individual |
Name at birth of
manager |
|
|
Director |
|||
|
Name |
M COLLARD DANIEL |
Manager position |
Administrateur |
|
Date of birth |
30/08/1948 |
Place of birth |
THIBIE (51) |
|
Type of manager |
Individual |
Name at birth of
manager |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.77 |
|
|
1 |
Rs.71.69 |
|
Euro |
1 |
Rs.63.02 |
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.