MIRA INFORM REPORT
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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DKSH FRANCE SA |
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Registered Office : |
Quai Du Rhone, Zi De La Tuilliere, Miribel, 01700 |
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Country : |
France |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.01.1956 |
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Com. Reg. No.: |
956511356 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
wholesale of
industrial chemicals |
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No. of Employees : |
35 employees |
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 |
A2 |
A2 |
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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 & address
Dksh France
Quai Du Rhone
Zi De La Tuilliere
Miribel, 01700
France
Tel: +33 04 78 55 78 70
Fax: +33 04 78 55 78 87
Synthesis
Employees: 35
Company Type: Public Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Dksh
Holding Ag
Incorporation Date:
15-Jan-1956
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 68.0
Total Assets: 23.0
Business Description
Dksh France is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 3323 - Industrial
and Agricultural Chemical Product Wholesaling
NACE 2002: 5155 - Wholesale
of chemical products
NAICS 2002: 4246 - Chemical
and Allied Products Merchant Wholesalers
UK SIC 2003: 5155 - Wholesale
of chemical products
US SIC 1987: 5169 - Chemicals
and Allied Products, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Brigitte Harivel |
Accounts manager, Director |
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Jean-Dominique Foulon |
Director, Secretary |
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David Lerat |
Director |
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Gonpo Tsering |
President of the conseil de surveillance |
Registered
No.(FRA): 956511356
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Quai Du Rhone
Zi De La Tuilliere
Miribel, 01700
France
Tel: +33 04 78 55 78 70
Fax: +33 04 78 55 78 87
Sales EUR(mil): 48.9
Assets EUR(mil): 17.7
Employees: 35
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation Date: 15-Jan-1956
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(FRA): 956511356
Director, Secretary: Jean-Dominique
Foulon
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
NAICS 2002 Codes:
4246 - Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5155 - Wholesale of chemical products
Business
Description
Dksh France is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.
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Corporate
Family |
Corporate
Structure News: |
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Dksh France |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Dksh Holding Ag |
Parent |
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Dksh France |
Subsidiary |
Miribel |
France |
Chemical Manufacturing |
68.0 |
35 |
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Dksh Italia SRL |
Subsidiary |
Milano, Milano |
Italy |
Chemical Manufacturing |
8.2 |
15 |
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Executive report
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Board of
Directors |
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President of the conseil de surveillance |
Chairman |
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Executives |
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Director, Secretary |
Administration Executive |
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Accounts manager, Director |
Administration Executive |
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Director |
Administration Executive |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Total income |
68.2 |
68.6 |
60.5 |
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Net sales |
68.0 |
68.3 |
60.4 |
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Supplementary operating income |
0.2 |
0.3 |
0.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
6.6 |
7.2 |
6.5 |
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Cost of goods sold |
53.7 |
53.9 |
49.8 |
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Taxes and social security costs |
0.4 |
0.3 |
0.4 |
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Social charges |
1.5 |
1.3 |
1.1 |
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Total payroll costs |
2.9 |
2.6 |
2.3 |
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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 |
0.2 |
0.1 |
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Other operating costs |
0.1 |
0.0 |
0.1 |
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Total operating costs |
65.2 |
65.0 |
59.2 |
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Net operating income |
3.0 |
3.6 |
1.3 |
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Total financial income |
2.4 |
1.6 |
1.1 |
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Interest payable on loans |
0.3 |
0.1 |
0.2 |
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Other expenses |
1.6 |
1.8 |
1.3 |
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Total expenses |
1.9 |
2.0 |
1.4 |
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Profit before tax |
3.6 |
3.2 |
1.1 |
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Extraordinary expenses |
- |
0.0 |
0.2 |
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Total taxation |
1.0 |
1.0 |
0.3 |
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Profit distributed to employees |
0.3 |
0.3 |
0.1 |
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Net profit |
2.3 |
2.0 |
0.5 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
3.1 |
3.2 |
3.4 |
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Total reserves |
2.6 |
2.4 |
2.3 |
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Profits for the year |
2.1 |
2.0 |
0.6 |
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Profit brought forward from previous year(s) |
0.3 |
0.3 |
0.5 |
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Total stockholders equity |
8.1 |
8.0 |
6.8 |
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Provisions and allowances |
0.4 |
0.2 |
0.2 |
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Trade creditors |
6.6 |
7.0 |
8.1 |
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Bank loans and overdrafts |
0.1 |
3.8 |
6.5 |
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Current bank debts |
0.1 |
3.8 |
- |
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Other loans |
5.1 |
- |
- |
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Other liabilities |
0.0 |
0.1 |
0.0 |
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Taxation and social security |
2.4 |
2.8 |
1.6 |
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Total current liabilities |
14.2 |
13.8 |
16.2 |
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Total debts |
14.2 |
13.8 |
16.2 |
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Regularisation account |
0.3 |
- |
- |
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Total liabilities (including net worth) |
23.0 |
21.9 |
23.2 |
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Goodwill |
0.0 |
0.0 |
0.0 |
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Other intangibles |
0.1 |
0.1 |
0.2 |
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Land |
0.1 |
0.1 |
0.1 |
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Buildings |
0.5 |
0.6 |
0.7 |
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Other fixed assets |
0.1 |
0.1 |
0.1 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
- |
0.0 |
0.0 |
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Total non-current assets |
0.9 |
1.1 |
1.1 |
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Prepayments |
2.5 |
2.2 |
0.3 |
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Net stocks and work in progress |
7.9 |
7.7 |
7.5 |
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Trade debtors |
10.6 |
10.4 |
11.7 |
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Other receivables |
0.1 |
0.2 |
1.6 |
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Prepaid expenses |
0.1 |
0.1 |
0.9 |
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Cash and liquid assets |
1.0 |
0.2 |
0.0 |
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Total current assets |
22.1 |
20.9 |
22.1 |
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Prepaid expenses and deferred costs |
0.1 |
- |
- |
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Total assets |
23.0 |
21.9 |
23.2 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.60 |
1.50 |
1.40 |
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Quick ratio |
1.00 |
1.00 |
0.90 |
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Total liabilities to net worth |
1.78% |
1.76% |
2.46% |
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Net worth to total assets |
0.35% |
0.36% |
0.28% |
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Collection period |
50.50 |
45.50 |
57.00 |
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Stock turnover rate |
8.00 |
8.90 |
8.30 |
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Asset turnover |
2.76% |
3.15% |
2.69% |
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Profit margin |
0.05% |
0.05% |
0.02% |
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Return on assets |
0.14% |
0.15% |
0.05% |
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Shareholders' return |
0.42% |
0.42% |
0.17% |
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Sales per employee |
- |
9,659.70 |
9,185.59 |
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Profit per employee |
- |
458.43 |
164.42 |
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Average wage per employee |
- |
363.62 |
350.49 |
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Net worth |
8.1 |
8.0 |
6.8 |
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Number of employees |
- |
35 |
31 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.51 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
|
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 |
|
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.