MIRA
INFORM REPORT
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Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
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Name : |
H REYNAUD FILS MATIER PREMIER AROMAT |
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Registered Office : |
Cheminade, Montbrun Les Bains, 26570 |
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Country : |
France |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.01.1960 |
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Com. Reg. No.: |
602980369 |
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Legal Form : |
Public Independent |
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Line of Business : |
Engaged in manufacture of various chemical products |
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No. of Employees : |
71 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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France |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
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H Reynaud Fils Matier Premier Aromat |
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Employees: |
71 |
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Company Type: |
Public
Independent |
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Incorporation
Date: |
15-Jan-1960 |
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Financials in: |
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Fiscal Year End:
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31-Dec-2010 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
55.2 |
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Total Assets: |
33.7 |
Business Description
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H Reynaud Fils Matier Premier Aromat is
primarily engaged in manufacture of various chemical products: peptones, peptone
derivatives, other protein substances and their derivatives not elsewhere
classified; chemically modified oils and fats; materials used in the
finishing of textiles and leather; powders and pastes used in soldering,
brazing or welding; substances used to pickle metal; prepared additives for
cements; activated carbon, lubricating oil additives, prepared rubber
accelerators, catalysts and other chemical products for industrial use;
anti-knock preparations, anti-freeze preparations, liquids for hydraulic
transmission; and composite diagnostic or laboratory reagents. This class
also includes: manufacture of writing and drawing ink. |
Industry
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Industry |
Chemical
Manufacturing |
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ANZSIC 2006: |
1899 - Other Basic
Chemical Product Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2466 -
Manufacture of other chemical products not elsewhere classified |
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NAICS 2002: |
325998 - All
Other Miscellaneous Chemical Product and Preparation Manufacturing |
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UK SIC 2003: |
2466 -
Manufacture of other chemical products not elsewhere classified |
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US SIC 1987: |
2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified |
Key Executives
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Registered No.(FRA)
602980369
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Industry
Codes
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ANZSIC 2006 Codes: |
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1899 |
- |
Other Basic Chemical Product Manufacturing
Not Elsewhere Classified |
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NACE 2002 Codes: |
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2466 |
- |
Manufacture of other chemical products not
elsewhere classified |
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NAICS 2002 Codes: |
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325998 |
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All Other Miscellaneous Chemical Product
and Preparation Manufacturing |
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US SIC 1987: |
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2899 |
- |
Chemicals and Chemical Preparations, Not
Elsewhere Classified |
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UK SIC 2003: |
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2466 |
- |
Manufacture of other chemical products not
elsewhere classified |
Business
Description
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H Reynaud Fils Matier Premier Aromat is primarily
engaged in manufacture of various chemical products: peptones, peptone
derivatives, other protein substances and their derivatives not elsewhere
classified; chemically modified oils and fats; materials used in the
finishing of textiles and leather; powders and pastes used in soldering,
brazing or welding; substances used to pickle metal; prepared additives for
cements; activated carbon, lubricating oil additives, prepared rubber
accelerators, catalysts and other chemical products for industrial use;
anti-knock preparations, anti-freeze preparations, liquids for hydraulic
transmission; and composite diagnostic or laboratory reagents. This class
also includes: manufacture of writing and drawing ink. |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
56.7 |
46.9 |
55.3 |
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Net sales |
55.2 |
46.8 |
54.8 |
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Change in stock |
- |
0.5 |
- |
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Unfinished work in progress |
1.2 |
- |
0.3 |
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Supplementary operating income |
0.3 |
0.2 |
0.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
5.2 |
4.6 |
5.3 |
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Cost of goods sold |
44.5 |
34.8 |
43.8 |
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Taxes and social security costs |
0.5 |
0.6 |
0.7 |
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Social charges |
1.4 |
1.3 |
1.5 |
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Total payroll costs |
3.3 |
3.0 |
3.4 |
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Cost of stock depreciation and amortisation |
0.3 |
0.3 |
0.4 |
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Fixed asset depreciation and amortisation |
0.2 |
0.3 |
0.4 |
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Other operating costs |
0.2 |
0.2 |
0.2 |
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Total operating costs |
53.7 |
45.6 |
53.5 |
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Net operating income |
3.0 |
1.3 |
1.8 |
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Total financial income |
0.3 |
0.3 |
0.3 |
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Interest payable on loans |
0.2 |
0.3 |
0.8 |
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Other expenses |
0.0 |
0.4 |
0.7 |
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Total expenses |
0.2 |
0.6 |
1.4 |
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Profit before tax |
3.1 |
1.0 |
0.7 |
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Extraordinary income |
0.8 |
0.0 |
0.2 |
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Extraordinary expenses |
0.5 |
0.0 |
0.1 |
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Extraordinary result |
0.3 |
- |
0.1 |
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Total taxation |
0.9 |
0.2 |
- |
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Profit distributed to employees |
0.2 |
- |
- |
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Net profit |
2.3 |
0.8 |
0.7 |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.8 |
0.9 |
0.8 |
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Surplus of revaluation |
0.2 |
0.2 |
0.2 |
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Total reserves |
12.7 |
13.0 |
12.0 |
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Profits for the year |
2.4 |
0.8 |
0.7 |
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Total stockholders equity |
16.1 |
14.9 |
13.8 |
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Provisions and allowances |
- |
0.0 |
0.2 |
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Trade creditors |
1.8 |
2.1 |
2.9 |
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Bank loans and overdrafts |
8.6 |
8.9 |
11.6 |
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Current bank debts |
7.7 |
6.3 |
8.1 |
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Other loans |
1.6 |
1.6 |
1.5 |
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Other liabilities |
3.2 |
3.3 |
3.2 |
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Income stated in advance |
- |
- |
0.3 |
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Taxation and social security |
2.4 |
1.3 |
1.2 |
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Total current liabilities |
16.6 |
17.1 |
20.6 |
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Total debts |
17.5 |
17.2 |
20.7 |
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Regularisation account |
0.1 |
0.2 |
0.1 |
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Total liabilities (including net worth) |
33.7 |
32.3 |
34.7 |
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Goodwill |
0.1 |
0.1 |
0.1 |
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Land |
0.3 |
0.3 |
0.3 |
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Buildings |
0.2 |
0.3 |
0.4 |
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Other fixed assets |
0.2 |
0.3 |
0.4 |
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Long-term investments |
3.1 |
3.6 |
3.5 |
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Other financial assets |
0.7 |
0.6 |
0.4 |
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Total non-current assets |
4.6 |
5.2 |
5.1 |
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Net stocks and work in progress |
15.7 |
13.5 |
13.7 |
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Trade debtors |
11.1 |
10.2 |
12.1 |
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Other receivables |
0.2 |
0.3 |
0.7 |
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Prepaid expenses |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
2.0 |
3.0 |
2.7 |
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Total current assets |
29.1 |
27.0 |
29.3 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.3 |
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Total assets |
33.7 |
32.3 |
34.7 |
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Annual Ratios |
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Financials in: USD
(mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.80 |
1.60 |
1.40 |
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Quick ratio |
0.80 |
0.80 |
0.80 |
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Total liabilities to net worth |
1.10% |
1.18% |
1.55% |
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Net worth to total assets |
0.47% |
0.45% |
0.38% |
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Collection period |
60.40 |
64.30 |
70.80 |
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Stock turnover rate |
3.60 |
3.60 |
3.80 |
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Asset turnover |
1.66% |
1.50% |
1.50% |
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Profit margin |
0.06% |
0.02% |
0.01% |
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Return on assets |
0.09% |
0.03% |
0.02% |
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Shareholders' return |
0.20% |
0.07% |
0.05% |
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Sales per employee |
3,748.18 |
3,111.46 |
3,460.77 |
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Profit per employee |
208.02 |
67.05 |
41.49 |
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Average wage per employee |
220.83 |
202.29 |
212.51 |
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Net worth |
16.1 |
14.9 |
13.8 |
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Number of employees |
73 |
71 |
71 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.80 |
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1 |
Rs.87.66 |
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Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.