MIRA INFORM REPORT
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Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
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Name : |
SOLIANCE |
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Registered Office : |
Route De Bazancourt, Pomacle, 51110 |
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Country : |
France |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
15.08.1994 |
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Com. Reg. No.: |
397662891 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of Perfumes and Toilet Preparations |
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No. of Employees : |
34 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
FRANCE - ECONOMIC OVERVIEW
France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.
Source
: CIA
Company name & address
SOLIANCE
Route De Bazancourt
Pomacle, 51110
France
Tel: +33 03 26 05 42 80
Fax: +33 03 26 05 42 89
Employees: 34
Company Type: Public Subsidiary
Corporate Family: 39
Companies
Ultimate Parent: Société
Coopérative Agricole Champagne Céréales
Incorporation Date: 15-Aug-1994
Financials in: USD
(Millions)
Fiscal Year End: 30-Jun-2011
Reporting Currency: Euro
Annual Sales: 22.1
Total Assets: 18.4
Business Description
Soliance is primarily engaged in manufacture of perfumes and toilet preparations: perfumes and toilet water; beauty and make-up preparations; sunburn prevention and sun tan preparations; manicure and pedicure preparations; shampoos, hair lacquers, waving and straightening preparations; dentifrices and preparations for oral hygiene, including denture fixative preparations; shaving preparations; deodorants and bath salts; and depilatories.
Industry
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Industry |
Personal and Household Products |
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ANZSIC 2006: |
1852 - Cosmetic and Toiletry Preparation Manufacturing |
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NACE 2002: |
2452 - Manufacture of perfumes and toilet preparations |
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NAICS 2002: |
325620 - Toilet Preparation Manufacturing |
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UK SIC 2003: |
2452 - Manufacture of perfumes and toilet preparations |
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UK SIC 2007: |
2042 - Manufacture of perfumes and toilet preparations |
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US SIC 1987: |
2844 - Perfumes, Cosmetics, and Other Toilet Preparations |
Key Executives
|
Name |
Title |
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Xavier Devanssay |
Accounts manager |
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Florence Bieri |
Director |
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Florian Crepin |
Director |
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Yvon Raoul Jean-Marie Le Henaff |
General manager |
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Francois-Michel Marie Prevoteau |
Member of the Board |
Registered No.(FRA): 397662891
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.6897265
Location
Route De Bazancourt
Pomacle, 51110
France
Tel: +33 03 26 05 42 80
Fax: +33 03 26 05 42 89
Sales EUR(mil): 16.3
Assets EUR(mil): 12.7
Employees: 34
Fiscal Year End: 30-Jun-2011
Industry: Personal and Household Products
Incorporation Date: 15-Aug-1994
Company Type: Public Subsidiary
Quoted Status: Not Quoted
Registered No.(FRA): 397662891
Director: Florian Crepin
Industry
Codes
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ANZSIC 2006 Codes: |
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1852 |
- |
Cosmetic and Toiletry Preparation Manufacturing |
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NACE 2002 Codes: |
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2452 |
- |
Manufacture of perfumes and toilet preparations |
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NAICS 2002 Codes: |
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325620 |
- |
Toilet Preparation Manufacturing |
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US SIC 1987: |
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2844 |
- |
Perfumes, Cosmetics, and Other Toilet Preparations |
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UK SIC 2003: |
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2452 |
- |
Manufacture of perfumes and toilet preparations |
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UK SIC 2007: |
||
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2042 |
- |
Manufacture of perfumes and toilet preparations |
Business
Description
Soliance is primarily engaged in manufacture of perfumes and toilet preparations: perfumes and toilet water; beauty and make-up preparations; sunburn prevention and sun tan preparations; manicure and pedicure preparations; shampoos, hair lacquers, waving and straightening preparations; dentifrices and preparations for oral hygiene, including denture fixative preparations; shaving preparations; deodorants and bath salts; and depilatories.
Financial
Data
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Financials in: |
EUR(mil) |
1 Year Growth |
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Revenue: |
16.3 |
18.5% |
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Assets: |
12.7 |
NA |
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Current Assets: |
7.8 |
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Total Liabilities: |
12.7 |
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Issued Capital: |
1.2 |
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Net Worth: |
4.2 |
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Date of Financial Data: |
30-Jun-2011 |
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Company |
Percentage Owned |
Country |
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Soliance Us Corporation |
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United States of America |
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Naturactiva |
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France |
Corporate
Structure News
Société Coopérative Agricole Champagne Céréales
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Soliance |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Reims |
France |
Crops |
1,167.7 |
586 |
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Subsidiary |
Reims |
France |
Trucking |
36.9 |
149 |
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Subsidiary |
Reims |
France |
Trucking |
5.8 |
34 |
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Subsidiary |
Reims |
France |
Beverages (Alcoholic) |
214.1 |
145 |
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Subsidiary |
Kyiv |
Ukraine |
Food Processing |
|
152 |
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Subsidiary |
Winona, MN |
United States |
Beverages (Alcoholic) |
39.8 |
47 |
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Subsidiary |
Gueux |
France |
Chemical Manufacturing |
62.6 |
129 |
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Subsidiary |
Gueux |
France |
Crops |
23.1 |
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Subsidiary |
Pomacle |
France |
Biotechnology and Drugs |
13.8 |
80 |
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Subsidiary |
Pomacle |
France |
Personal and Household Products |
22.1 |
34 |
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Subsidiary |
Langerringen, Bayern |
Germany |
Beverages (Alcoholic) |
114.3 |
60 |
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Subsidiary |
Reims |
France |
Chemical Manufacturing |
39.9 |
34 |
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Subsidiary |
Dompaire |
France |
Food Processing |
25.0 |
34 |
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Subsidiary |
Reims |
France |
Retail (Specialty) |
62.1 |
27 |
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Subsidiary |
Reims |
France |
Crops |
225.1 |
10 |
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Subsidiary |
St Martin Sur Le Pre |
France |
Food Processing |
100.5 |
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Subsidiary |
Reims |
France |
Commercial Banks |
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Subsidiary |
Ivry sur Seine |
France |
Food Processing |
1,538.8 |
4,845 |
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Subsidiary |
Ivry sur Seine |
France |
Food Processing |
486.6 |
1,089 |
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Subsidiary |
Dunkerque |
France |
Food Processing |
51.7 |
184 |
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Subsidiary |
Annezin |
France |
Food Processing |
0.3 |
34 |
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Subsidiary |
Ivry Sur Seine |
France |
Food Processing |
13.7 |
78 |
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Subsidiary |
Rentis |
Greece |
Food Processing |
2.0 |
50 |
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Subsidiary |
Assago, Milano |
Italy |
Food Processing |
53.3 |
40 |
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Subsidiary |
MĂĽlheim An Der Ruhr, Nordrhein-Westfalen |
Germany |
Food Processing |
|
30 |
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Subsidiary |
Romans-sur-Isere |
France |
Food Processing |
118.9 |
380 |
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Subsidiary |
Montlucon |
France |
Food Processing |
7.7 |
34 |
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Subsidiary |
Ivry Sur Seine |
France |
Miscellaneous Financial Services |
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Subsidiary |
Ivry sur Seine |
France |
Food Processing |
645.7 |
1,189 |
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Subsidiary |
Troyes |
France |
Food Processing |
70.3 |
85 |
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Subsidiary |
Montlucon |
France |
Food Processing |
0.2 |
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Subsidiary |
Fougeres |
France |
Miscellaneous Financial Services |
7.4 |
34 |
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Subsidiary |
Reims |
France |
Food Processing |
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Subsidiary |
Reims |
France |
Food Processing |
117.1 |
149 |
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Subsidiary |
Marseille |
France |
Food Processing |
0.9 |
109 |
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Subsidiary |
Reims |
France |
Crops |
|
14 |
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Subsidiary |
Maure De Bretagne |
France |
Food Processing |
127.7 |
34 |
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Subsidiary |
Briare |
France |
Food Processing |
24.1 |
60 |
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Subsidiary |
Reims |
France |
Food Processing |
40.3 |
37 |
Board of Directors
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Member of the Board |
Director/Board Member |
Executives
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Director |
Administration Executive |
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Director |
Administration Executive |
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General manager |
Administration Executive |
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Director |
Administration Executive |
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Accounts manager |
Sales Executive |
News: 0 Matches
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Soliance
names Chinese distributor |
01-May-2012 |
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Soliance |
01-Apr-2012 |
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Soliance debuts
Renewable Squalane |
01-Nov-2011 |
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Annual
Profit & Loss
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-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) |
0.7347 |
0.721483 |
0.731067 |
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Consolidated |
No |
No |
No |
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Total income |
22.5 |
18.3 |
15.8 |
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Net sales |
22.1 |
19.0 |
17.5 |
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Change in stock |
0.0 |
0.1 |
-0.7 |
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Unfinished work in progress |
0.2 |
-0.8 |
-1.8 |
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Subsidies for operating costs |
0.1 |
0.1 |
0.0 |
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Supplementary operating income |
0.0 |
0.1 |
0.1 |
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Other operating income |
0.0 |
0.0 |
0.0 |
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Other external charges |
6.5 |
5.3 |
5.3 |
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Cost of goods sold |
8.5 |
7.1 |
7.3 |
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Taxes and social security costs |
0.4 |
0.4 |
0.4 |
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Social charges |
1.4 |
1.4 |
1.2 |
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Total payroll costs |
2.9 |
2.9 |
2.6 |
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Cost of stock depreciation and amortisation |
0.2 |
0.1 |
0.0 |
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Fixed asset depreciation and amortisation |
0.7 |
0.8 |
0.9 |
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Other operating costs |
0.2 |
0.1 |
0.1 |
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Total operating costs |
20.8 |
18.2 |
17.1 |
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Net operating income |
1.7 |
0.2 |
-1.2 |
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Total financial income |
0.1 |
0.0 |
0.0 |
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Interest payable on loans |
0.1 |
0.1 |
0.3 |
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Other expenses |
0.0 |
0.0 |
0.0 |
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Total expenses |
0.1 |
0.1 |
0.4 |
|
Profit before tax |
1.8 |
0.1 |
-1.5 |
|
Extraordinary income |
0.5 |
0.0 |
0.0 |
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Extraordinary expenses |
0.4 |
0.6 |
0.2 |
|
Extraordinary result |
0.1 |
-0.6 |
-0.1 |
|
Total taxation |
-0.4 |
-0.3 |
-0.3 |
|
Profit distributed to employees |
- |
- |
0.0 |
|
Net profit |
2.3 |
- |
- |
|
Net loss |
- |
0.3 |
1.4 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
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Issued capital |
1.7 |
1.5 |
1.7 |
|
Share premium account |
0.5 |
0.4 |
0.4 |
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Other reserves |
0.2 |
0.1 |
0.2 |
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Total reserves |
0.8 |
0.7 |
0.8 |
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Profits for the year |
2.4 |
-0.2 |
-1.4 |
|
Profit brought forward from previous year(s) |
0.5 |
0.6 |
2.1 |
|
Capital subsidies and grants |
- |
0.0 |
0.1 |
|
Total stockholders equity |
6.1 |
3.1 |
3.9 |
|
Provisions and allowances |
0.1 |
0.5 |
0.0 |
|
Trade creditors |
3.6 |
2.2 |
1.9 |
|
Bank loans and overdrafts |
6.7 |
5.6 |
4.7 |
|
Current bank debts |
5.2 |
3.8 |
2.0 |
|
Other loans |
0.2 |
2.3 |
0.2 |
|
Other liabilities |
0.0 |
0.0 |
5.3 |
|
Debts on fixed assets |
0.4 |
0.3 |
0.3 |
|
Taxation and social security |
1.2 |
1.1 |
0.8 |
|
Total current liabilities |
11.2 |
10.1 |
11.0 |
|
Total debts |
12.2 |
11.5 |
13.2 |
|
Total liabilities (including net worth) |
18.4 |
15.0 |
17.2 |
|
Patents |
0.0 |
0.0 |
0.0 |
|
Goodwill |
4.1 |
3.5 |
4.0 |
|
Other intangibles |
0.1 |
0.1 |
0.0 |
|
Buildings |
0.0 |
0.0 |
0.0 |
|
Other fixed assets |
2.7 |
2.4 |
3.4 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Other financial assets |
0.0 |
0.0 |
0.0 |
|
Total non-current assets |
7.1 |
6.1 |
7.5 |
|
Prepayments |
0.0 |
- |
0.0 |
|
Net stocks and work in progress |
4.6 |
3.8 |
5.3 |
|
Trade debtors |
5.0 |
4.4 |
3.5 |
|
Other receivables |
1.8 |
0.7 |
0.6 |
|
Prepaid expenses |
0.0 |
0.0 |
0.1 |
|
Cash and liquid assets |
0.0 |
0.0 |
0.1 |
|
Marketable securities |
- |
- |
0.0 |
|
Total current assets |
11.4 |
8.9 |
9.7 |
|
Total assets |
18.4 |
15.0 |
17.2 |
Annual
Ratios
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.00 |
0.90 |
0.90 |
|
Quick ratio |
0.60 |
0.50 |
0.40 |
|
Total liabilities to net worth |
6.63% |
-20.96% |
-126.18% |
|
Net worth to total assets |
0.10% |
-0.04% |
-0.01% |
|
Collection period |
64.10 |
79.30 |
59.50 |
|
Stock turnover rate |
5.10 |
4.40 |
3.40 |
|
Asset turnover |
1.28% |
1.12% |
1.04% |
|
Profit margin |
0.08% |
0.00% |
-0.09% |
|
Return on assets |
0.10% |
0.00% |
-0.09% |
|
Shareholders' return |
1.02% |
-0.10% |
- |
|
Sales per employee |
1,778.52 |
1,731.59 |
1,579.02 |
|
Profit per employee |
141.56 |
5.58 |
-139.78 |
|
Average wage per employee |
229.65 |
262.96 |
232.88 |
|
Net worth |
6.1 |
3.1 |
3.9 |
|
Number of employees |
60 |
52 |
53 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.45 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.