MIRA INFORM REPORT

Report Date :

12.09.2011

IDENTIFICATION DETAILS

Correct Name :	STAUBLI LYON
Registered Office :	31 Rue Des Freres Lumiere, 69680 Chassieu
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	September 1983
Com. Reg. No.:	RCS Lyon B 328 103 981
Legal Form :	Simplified Joint Stock Company
Line of Business :	Manufacture of machinery for textile, apparel

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	2,000,000 €
Status :	Good
Payment Behaviour :	Regular
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 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
France	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company summary

Bottom of Form

Name

STAUBLI LYON

SIRET

328 103 981 00028

Activity (APE)	Fabrication de machines pour les industries textiles (2894Z) (Manufacture of machinery for textile, apparel (2894Z))	Legal form	Simplified joint stock company
Phone	04 72 47 39 39	RCS Registration	RCS Lyon B 328 103 981
Fax		Share capital	3,225,600 Euros
Address	STAUBLI LYON 31 RUE DES FRERES LUMIERE 69680 CHASSIEU	Incorporated Date	09/1983
Nationality	France	Status	Economically active

Limit [€]

2,000,000 €

No judgment information for the company

No social security and tax office preferential right to date

Current Directors

1

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	96,484,446 €	48,992,579 €	80,099,546 €
Gross Operating Surplus	8,19 % Turnover	-9,40 % Turnover	3,30 % Turnover
Net worth	43,683,612 €	42,470,545 €	53,868,412 €
Employees	250 to 499 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Activity (APE)	Fabrication de machines pour les industries textiles (2894Z)
RCS Registration	RCS Lyon B 328 103 981	Share capital	3,225,600 Euros
Registration Court	Lyon (69)	Legal form	Simplified joint stock company
Court Registry Number	83 B 01108	EU VAT Number	FR90328103981
Incorporation Date	09/1983	Formation Date	11/1983
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Banker

Credit Lyonnais, Natixis, Societe Generale

Establishment details

	Activity (APE)		Fabrication de machines pour les industries textiles (2894Z)	Business Pages FT®	MACHINE TEXTILE ACCESSOIRE FOURNITURE FABRICATION
	Postal Address		STAUBLI LYON 31 RUE DES FRERES LUMIERE 69680 CHASSIEU	Trading Address	31 RUE DES FRERES LUMIERE 69680 CHASSIEU
	Telephone		04 72 47 39 39
	Fax
	Type		Head office (one site company)	Status	Economically active
	Formation Date		11/1983	Reason for formation
	Closure Date			Reason for closure
	Reactivation Date			Production Role
	Activity Nature		-	Activity Location	Other
	Location surface			Seasonality
	Department		Rhône (69)	Region	Rhône-Alpes
	District		1	Area	44
	City		CHASSIEU	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants
Other establishments
	Branches	1 branch entities in this company
	Head office	> STAUBLI LYON <<<  - Fabrication de machines pour les industries textiles (2894Z)  in CHASSIEU  (69680)
	Secondary establishments

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces
	Workforce at address	250 to 499 employees	Company workforce	250 to 499 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	18/08/2011	26/07/2010	-
Activity Code	2894Z	2894Z	2894Z
Employees	0	0	264

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	13 746 453	13,6%	12 104 401	-40,9%	20 497 834	37 268	36785,4%
- Intangible assets	2 283 999	6570,8%	34 239	-63,9%	94 766	0	0%
- Tangible assets	11 454 566	-5,1%	12 064 151	-40,9%	20 397 056	14 320	79890,0%
- Financial assets	7 888	31,2%	6 011	0%	6 011	521	1414,0%
Net current assets	60 782 805	22,6%	49 568 674	-9,8%	54 924 094	213 658	28348,6%
- Stocks	19 535 614	58,2%	12 348 160	-22,3%	15 889 559	49 254	39563,0%
- Advanced payments	0	22,6%	22 270	-95,9%	545 143	0	0%
- Receivables	39 940 788	8,5%	36 812 171	3,3%	35 646 738	83 506	47729,8%
- Securities and cash	1 306 403	238,4%	386 073	-86,4%	2 842 653	53 535	2340,3%
- Prepaid expenses	-	-	-	-	-	948,50	-
Accounts of regularization	97 623	-26,5%	132 816	-53,8%	287 457	0	0%
Total Assets	74 626 881	20,7%	61 805 891	-18,4%	75 709 385	267 117	27837,9%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	43 683 612	2,9%	42 470 545	-21,2%	53 868 412	141 812	30703,9%
Share capital	3 225 600	0%	3 225 600	0%	3 225 600	44 000	7230,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	5 686 506	101,6%	2 820 981	-43,1%	4 961 637	0	0%
Liabilities	25 084 014	52,5%	16 446 525	-2,2%	16 821 957	128 912	19358,2%
- Financial liabilities	706 903	22,4%	577 311	164,1%	218 599	7 936	8807,5%
- Advanced payments received	3 631 985	89,3%	1 918 891	54,1%	1 245 247	0	0%
- Trade account payables	13 495 548	57,5%	8 567 249	-7,3%	9 238 429	54 511	24657,5%
- Tax and social liabilities	3 680 988	44,6%	2 546 484	8,6%	2 344 441	75 787	4757,0%
- Other debts and fixed assets liabilities	3 464 268	32,0%	2 625 212	-19,1%	3 246 289	7 886	43829,3%
Account regularization	277 068	-0,8%	279 217	-52,4%	586 331	0	0%
Total liabilities	74 626 878	20,7%	61 805 890	-18,4%	75 709 385	267 116	27838,0%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	101 843 920	95,6%	52 074 711	-34,0%	78 886 530	394 464	25718,3%
Net turnover	96 484 446	96,9%	48 992 579	-38,8%	80 099 546	384 714	24979,5%
- of which net export turnover	95 814 585	102,1%	47 402 847	-39,3%	78 135 769	2 439	3928337,3%
Operating charges	102 678 647	55,5%	66 017 341	-22,8%	85 484 774	383 578	26668,6%
Operating profit/loss	-834 727	94,0%	-13 942 630	-111,3%	-6 598 244	8 093	-10414,2%
Financial income	2 035 973	144,9%	831 451	-38,1%	1 343 913	1 342	151611,8%
Financial charges	581 779	54,8%	375 844	-46,0%	696 610	1 526	38024,4%
Financial profit/loss	1 454 194	219,2%	455 607	-29,6%	647 303	0	0%
Pretax net operating income	619 467	104,6%	-13 487 023	-126,6%	-5 950 941	11 574	5252,2%
Extraordinary income	2 723 849	7,8%	2 527 623	4,7%	2 413 646	585	465515,2%
Extraordinary charges	2 563 535	33,1%	1 926 046	-45,2%	3 513 705	175	1464777,1%
Extraordinary profit/loss	160 314	1,5%	601 577	154,7%	-1 100 059	0	0%
Net result	610 414	105,2%	-11 802 793	-99,9%	-5 904 878	12 687	4711,3%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	74 626 881	20,7%	61 805 891	-18,4%	75 709 385
	Gross	CO	125 938 342	13,5%	110 957 638	-6,3%	118 446 696
	Amortisation	1A	51 311 461	4,4%	49 151 747	15,0%	42 737 311

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	13 746 453	13,6%	12 104 401	-40,9%	20 497 834
	Gross	BJ	57 155 334	9,9%	52 019 093	-2,7%	53 479 260
	Amortisation	BK	43 408 881	8,8%	39 914 692	21,0%	32 981 426

Intangible fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	2 283 999	6570,8%	34 239	-63,9%	94 766
	Gross	AF	4 577 428	195,6%	1 548 284	0,5%	1 540 352
	Amortisation	AG	2 293 429	51,5%	1 514 045	4,7%	1 445 586
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	2 283 999	6570,8%	34 239	-63,9%	94 766

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	1 004 019	-0,4%	1 007 918	-0,5%	1 012 553
	Gross	AN	1 225 224	0%	1 225 224	-1,2%	1 239 763
	Amortisation	AO	221 205	1,8%	217 306	-4,4%	227 210
	Buildings	Net	3 103 807	-4,5%	3 251 482	-9,8%	3 603 406
	Gross	AP	9 897 645	22,7%	8 064 137	0,0%	8 062 804
	Amortisation	AQ	6 793 838	41,2%	4 812 655	7,9%	4 459 398
	Plant	Net	6 589 492	-10,1%	7 332 475	-47,7%	14 010 614
	Gross	AR	38 950 081	4,2%	37 395 320	-0,9%	37 738 950
	Amortisation	AS	32 360 589	7,6%	30 062 845	26,7%	23 728 336
	Other tangible fixed assets	Net	130 670	-63,9%	361 772	-39,3%	595 801
	Gross	AT	1 870 490	-49,0%	3 669 613	-1,3%	3 716 698
	Amortisation	AU	1 739 820	-47,4%	3 307 841	6,0%	3 120 897
	Fixed assets in construction	Net	419 256	279,4%	110 504	-89,1%	1 014 287
	Gross	AV	419 256	279,4%	110 504	-89,1%	1 014 287
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	207 322	0%	0	0%	160 395
	Gross	AX	207 322	0%	0	0%	160 395
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	11 454 566		12 064 151		20 397 056

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	7 888	31,2%	6 011	0%	6 011
	Gross	BH	7 888	31,2%	6 011	0%	6 011
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		7 888		6 011		6 011

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	60 782 805	22,6%	49 568 674	-9,8%	54 924 094
	Gross	CJ	68 685 385	16,8%	58 805 729	-9,1%	64 679 979
	Amortisation	CK	7 902 580	-14,4%	9 237 055	-5,3%	9 755 885

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	9 523 649	10,4%	8 629 760	-25,0%	11 507 486
	Gross	BL	12 762 105	46,3%	8 724 099	-24,8%	11 605 051
	Amortisation	BM	3 238 456	3332,8%	94 339	-3,3%	97 565
	Work in progress (goods)	Net	875 507	53,5%	570 448	7,1%	532 461
	Gross	BN	875 507	53,5%	570 448	7,1%	532 461
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	9 136 458	190,2%	3 147 952	-18,2%	3 849 612
	Gross	BR	11 102 925	31,7%	8 427 745	-10,0%	9 361 186
	Amortisation	BS	1 966 467	-62,8%	5 279 793	-4,2%	5 511 574
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	19 535 614	58,2%	12 348 160	-22,3%	15 889 559

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	0	0%	22 270	-95,9%	545 143
	Gross	BV	0	0%	22 270	-95,9%	545 143
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	25 333 716	36,1%	18 609 575	-24,6%	24 690 166
	Gross	BX	28 031 373	25,4%	22 358 911	-22,2%	28 756 198
	Amortisation	BY	2 697 657	-28,0%	3 749 336	-7,8%	4 066 032
	Other debtors	Net	14 140 027	-21,4%	17 994 154	67,1%	10 769 354
	Gross	BZ	14 140 027	-21,9%	18 107 741	66,9%	10 850 068
	Amortisation	CA	0	0%	113 587	40,7%	80 714
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	39 473 743	7,8%	36 603 729	3,2%	35 459 520

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	0	0%	0	0%	2 000 000
	Gross	CD	0	0%	0	0%	2 000 000
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	1 306 403	238,4%	386 073	-54,2%	842 653
	Gross	CF	1 306 403	238,4%	386 073	-54,2%	842 653
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1 306 403	238,4%	386 073	-86,4%	2 842 653

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	467 045	124,1%	208 442	11,3%	187 218
	Gross	CH	467 045	124,1%	208 442	11,3%	187 218
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	-	-
Currency differential gain	CN3	97 623	-26,5%	132 816	-53,8%	287 457
Gross		97 623	-26,5%	132 816	-	-

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	74 626 878	20,7%	61 805 890	-18,4%	75 709 385

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	43 683 612	2,9%	42 470 545	-21,2%	53 868 412
	Equity and shareholders' equity	DA	3 225 600	0%	3 225 600	0%	3 225 600
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	322 560	0%	322 560	0%	322 560
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	32 277 946	-35,4%	49 977 946	0%	49 977 946
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	547 679	109,3%	-5 901 528	-176265,0%	3 350
	Profit or loss for the period	DI	610 414	105,2%	-11 802 793	-99,9%	-5 904 878
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	6 699 413	0,8%	6 648 760	6,5%	6 243 834

Other capital resources (II)

			31/12/2010		31/12/2009		31/12/2008
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2010		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	5 686 506	101,6%	2 820 981	-43,1%	4 961 637
	Risk provisions	DP	5 210 932	120,3%	2 365 622	-44,3%	4 248 004
	Reserves for charges	DQ	475 574	4,4%	455 359	-36,2%	713 633

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	25 084 014	52,5%	16 446 525	-2,2%	16 821 957
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	659 350	24,5%	529 758	209,7%	171 046
	Sundry loans and financial liabilities	DV	47 553	0%	47 553	0%	47 553
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	3 631 985	89,3%	1 918 891	54,1%	1 245 247
	Trade accounts payables	DX	13 495 548	57,5%	8 567 249	-7,3%	9 238 429
	Tax and social security liabilities	DY	3 680 988	44,6%	2 546 484	8,6%	2 344 441
	Fixed asset liabilities	DZ	244 122	0%	0	0%	217 017
	Other debts	EA	3 047 400	19,2%	2 557 373	-13,9%	2 971 893

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	172 746	154,6%	67 839	18,2%	57 379

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	277 068	-0,8%	279 217	-52,4%	586 331

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	15 372 980
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Result account
Sales of Goods | Operating charges | Operating charges | Financial income | Financial charges | Financial charges | Extraordinary charges | Employee profit sharing | Tax on profits | References

1- Operating result (I-II)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	-834 727	94,0%	-13 942 630	-111,3%	-6 598 244

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	1 454 194	219,2%	455 607	-29,6%	647 303

3 - Pre-tax net operating income result (I - VI)

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	619 467	104,6%	-13 487 023	-126,6%	-5 950 941

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	160 314	-73,4%	601 577	154,7%	-1 100 059

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	610 414	105,2%	-11 802 793	-99,9%	-5 904 878

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	106 603 742	92,3%	55 433 785	-32,9%	82 644 090

Total charges (Total II+IV+VI+VIII+IX+X)

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	105 993 329	57,6%	67 236 576	-24,1%	88 548 968

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	101 843 920	95,6%	52 074 711	-34,0%	78 886 530

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	178 063	-70,6%	606 499	-78,0%	2 754 125
	France	FA	6 652	-40,7%	11 209	-16,2%	13 376
	Export	FB	171 411	-71,2%	595 290	-78,3%	2 740 750
	Sale of goods produced	FF	92 444 320	100,6%	46 081 976	-36,2%	72 239 409
	France	FD	445 194	-62,5%	1 185 616	-27,5%	1 635 769
	Export	FE	91 999 126	104,9%	44 896 360	-36,4%	70 603 640
	Sale of services	FI	3 862 063	67,6%	2 304 104	-54,9%	5 106 012
	France	FG	218 015	-44,5%	392 907	24,9%	314 632
	Export	FH	3 644 048	90,7%	1 911 197	-60,1%	4 791 380
	Net turnover	FL	96 484 446	96,9%	48 992 579	-38,8%	80 099 546
	France	FJ	669 861	-57,9%	1 589 732	-19,0%	1 963 777
	Export	FK	95 814 585	102,1%	47 402 847	-39,3%	78 135 769
	Stocked production	FM	2 980 239	432,8%	-895 454	82,8%	-5 219 527
	Self-constructed assets	FN	206 678	-21,2%	262 187	-58,2%	627 449
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	2 172 527	-41,5%	3 715 399	10,0%	3 379 063
	Other income	FQ	30	0%	0	0%	0

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	102 678 647	55,5%	66 017 341	-22,8%	85 484 774

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	184 011	-63,6%	505 763	-79,8%	2 505 772
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	53 062 803	91,8%	27 661 955	-35,1%	42 623 596
Change in stocks of raw materials	FV	-4 038 006	-240,2%	2 880 952	168,3%	1 073 875
Other external purchases and charges	FW	28 138 288	266,8%	7 671 366	-33,7%	11 578 266
Tax, duty and similar payments	FX	1 349 131	14,9%	1 174 023	-0,8%	1 183 503
Payroll	FY	8 938 870	-6,2%	9 524 766	0,8%	9 444 563
Social security costs	FZ	4 132 404	16,6%	3 544 938	-20,4%	4 455 676

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	3 725 623	-26,9%	5 099 349	-17,4%	6 176 327
Amortisation of fixed assets	GB	0	0%	5 049 348	0%	0
Depreciation/amortisation of current assets	GC	3 622 305	567,7%	542 487	-58,9%	1 318 794
Provisions for risks and charges	GD	0	0%	641 536	-69,8%	2 121 970

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	3 563 218	107,1%	1 720 858	-42,7%	3 002 432

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	2 035 973	144,9%	831 451	-38,1%	1 343 913
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	699 273	72,9%	404 384	-48,4%	784 438
	Released provisions and transferred charges	GM	0	0%	265 390	85,6%	142 988
	Exchange gains	GN	1 336 700	726,8%	161 677	-61,2%	416 488
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	581 779	54,8%	375 844	-46,0%	696 610
	Financial reserves and provisions	GQ	0	0%	80 314	-69,7%	265 390
	Interest and similar charges	GR	668	-94,0%	11 194	-50,0%	22 404
	Exchange losses	GS	581 111	104,4%	284 336	-30,4%	408 816
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	2 723 849	7,8%	2 527 623	4,7%	2 413 646
	Extraordinary operating income	HA	112 366	-89,3%	1 054 855	541,6%	164 402
	Extraordinary income from capital transactions	HB	194 084	103,5%	95 395	-86,8%	720 747
	Released provisions and transferred charges	HC	2 417 399	75,5%	1 377 373	-9,9%	1 528 498

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	2 563 535	33,1%	1 926 046	-45,2%	3 513 705
	Extraordinary operating charges	HE	-5 145	-150,5%	10 186	117,3%	4 687
	Extraordinary charges from capital transactions	HF	100 628	-24,7%	133 561	-90,9%	1 469 530
	Extraordinary reserves and provisions	HG	2 468 052	38,5%	1 782 299	-12,6%	2 039 487

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	1 224 000	140267,0%	872	-99,4%	157 402

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	-1 054 632	2,7%	-1 083 527	16,9%	-1 303 523

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	53 841 240
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	8 460 245
	Decreasess by budget item transfer	OK1	2 068 551	0%	0	0%	2 669 761
	Decreasess by transfers	OK2	612 509	0%	0	0%	6 152 464
	Gross value at the end of period	OL	57 155 332	0%	0	0%	53 479 260

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	1 548 284	0%	0	0%	1 517 995
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	3 029 143	0%	0	0%	22 798
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	441
	Gross value at the end of period	LW	4 577 427	0%	0	0%	1 540 352

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	50 464 798	0%	0	0%	52 318 546
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	4 786 279	0%	0	0%	8 436 134
	Decreasess by budget item transfer	NG1	2 068 551	0%	0	0%	2 669 761
	Decreasess by transfers	NG2	612 509	0%	0	0%	6 152 022
	Gross value at the end of period	NH	52 570 017	0%	0	0%	51 932 897

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	6 011	0%	0	0%	4 698
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1 877	0%	0	0%	1 313
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	7 888	0%	0	0%	6 011

Reserve for depreciation
Situation and movement of reserve for depreciation
Grand total (I-II-III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	31 488 032
Increases		0P	0	0%	0	0%	6 176 327
Decreasess		0Q	0	0%	0	0%	4 682 933
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	32 981 426

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	1 343 041
Increases		PF	0	0%	0	0%	102 986
Decreasess		PG	0	0%	0	0%	441
	Decreasess by budget item transfer	PH	0	0%	0	0%	1 445 586

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	30 144 992
Increases		QV	0	0%	0	0%	6 073 341
Decreases		QW	0	0%	0	0%	4 682 492
	Decreasess by budget item transfer	QX	0	0%	0	0%	31 535 840

Movements during period affecting charge allocated over several period
Charges à répartir ou frais d'émission d'emprunt

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2009		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	0	0%	0	0%	20 144 883
Increases		UB	0	0%	0	0%	5 745 641
Decreases		UC	0	0%	0	0%	4 929 169
	Value at the end of period	UD	0	0%	0	0%	20 961 356

Includes Total allocations

Operating	UE	0	0%	0	0%	3 440 764
Financial	UG	0	0%	0	0%	265 390
Exceptional	UJ	0	0%	0	0%	2 039 487

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	3 257 683
Financial	UH	0	0%	0	0%	142 988
Exceptional	UK	0	0%	0	0%	1 528 498

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	3Z	0	0%	0	0%	5 732 845
Increases		TS	0	0%	0	0%	2 039 487
Decreases		TT	0	0%	0	0%	1 528 498
	Value at the end of period	TU	0	0%	0	0%	6 243 834

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	0	0%	0	0%	4 942 596
Increases		TV	0	0%	0	0%	2 182 418
Decreases		TW	0	0%	0	0%	2 163 377
	Value at the end of period	TX	0	0%	0	0%	4 961 637

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	0	0%	0	0%	9 469 443
Increases		TY	0	0%	0	0%	1 523 736
Decreases		TZ	0	0%	0	0%	1 237 294
	Value at the end of period	UA	0	0%	0	0%	9 755 885

State deadlines claims and debts at the end of period
State claims

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	42 646 332	0%	0	0%	39 799 495
1 year at most	VU	39 125 188	0%	0	0%	33 216 331
More than one year	VV	3 521 144	0%	0	0%	6 583 164

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	7 888	0%	0	0%	6 011
Other financial assets (1 year at most)	UV	7 888	0%	0	0%	6 011

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	228 063	0%	0	0%	370 601
Other claims customer	UX	27 803 310	0%	0	0%	28 385 597
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	21 932	0%	0	0%	36 227
Social Security and other social organizations	UZ	7 440	0%	0	0%	4 715
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	603 797	0%	0	0%	443 495
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	1 994	0%	0	0%	896 990
Group and Associates	VC	13 447 602	0%	0	0%	9 123 367
Accounts receivable (including claims relating to the operation of pension titles)	VR	57 261	0%	0	0%	345 275

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	467 045	0%	0	0%	187 218

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	21 452 029	0%	0	0%	15 576 710
1 year at most		VZ2	21 426 657	0%	0	0%	15 372 980
More than 1 year and 5 years at most		VZ3	25 372	0%	0	0%	203 731
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	659 350	0%	0	0%	171 046
1 year at most		VG2	659 350	0%	0	0%	171 046
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	47 553	0%	0	0%	47 553
1 year at most		8A2	47 553	0%	0	0%	47 553
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	13 495 548	0%	0	0%	9 238 429
1 year at most		8B2	13 495 548	0%	0	0%	9 238 429
More than 1 year and 5 years at most		8B3	13 495 548	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	1 665 392	0%	0	0%	1 113 468
1 year at most		8C2	1 665 392	0%	0	0%	1 113 468
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1 557 715	0%	0	0%	1 185 769
1 year at most		8D2	1 557 715	0%	0	0%	1 185 769
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	276 000	0%	0	0%	0
1 year at most		8E2	276 000	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	11 058	0%	0	0%	20 337
1 year at most		VW2	11 058	0%	0	0%	20 337
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	170 823	0%	0	0%	24 867
1 year at most		VQ2	170 823	0%	0	0%	24 867
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	244 122	0%	0	0%	217 017
1 year at most		8J2	244 122	0%	0	0%	217 017
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	3 047 400	0%	0	0%	2 971 893
1 year at most		8K2	3 047 400	0%	0	0%	2 971 893
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	277 068	0%	0	0%	586 331
1 year at most		8L2	251 696	0%	0	0%	382 600
More than 1 year and 5 years at most		8L3	25 372	0%	0	0%	203 731

References

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2010		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2009		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	264

Groups and Shareholders

		31/12/2010		31/12/2009		31/12/2008
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

Ratios
Structure and liquidity | Management or rotation | Profitability of the business | Return on capital

Structure and Liquidity

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		1,64	-0,6%	1,65	-4,1%	1,72	2,12	-22,6%
Global Debt		94 days	-22,3%	121 days	59,2%	76 days	98,50 days	-4,6%
Working Capital Fund overall net		136 days	-45,2%	248 days	43,4%	173 days	102,50 days	32,7%
Financial independence		6625,25%	-17,4%	8016,97%	-74,5%	31493,52%	1129,44%	486,6%
More ratios
Solvability		58,54%	-14,8%	68,72%	-3,4%	71,15%	48,13%	21,6%
Capacity debt futures		6625,25%	-	%	-	31493,52%	23326,71%	-71,6%
Coverage of current assets by net working capital overall		53,26%	-7,6%	57,62%	-0,6%	57,98%	48,84%	9,0%
General Liquidity		1,83	-		-	2,16	0,88	108,0%
Restricted Liquidity		1,89	-		-	2,35	1,51	25,2%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		130 days	-46,9%	245 days	52,2%	161 days	40,50 days	221,0%
Treasury		5 days	66,7%	3 days	-76,9%	13 days	6,50 days	-23,1%
Inventory turnover of goods		0 days	0%	0 days	0%	0 days	52 days	0%
Average length of credit granted to customers		105 days	-36,0%	164 days	27,1%	129 days	66,50 days	57,9%
Average length of credit obtained suppliers		63 days	-21,2%	80 days	37,9%	58 days	61 days	3,3%
More ratios
Inventory turnover of raw materials in industrial enterprises		86 days	-22,5%	111 days	20,7%	92 days	92 days	-6,5%
Inventory turnover of intermediate and finished products in the industrial enterprise		184 days	-	days	-	154 days	253 days	-27,3%
Rotation tangible assets		183,54%	-	%	-	154,24%	407,34%	-54,9%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		-0,01%	-104,8%	0,21%	-32,3%	0,31	1,66%	-100,6%
Profitability of the business		8,19	187,1%	-9,40	-384,8%	3,30	4,88%	67,8%
Net profit		0,63%	102,6%	-24,09%	-226,9%	-7,37%	4,07%	-84,5%
More ratios
Growth rate of turnover (excluding VAT)		96,94%	349,6%	-38,84%	-0,2%	-38,78%	1,38%	6924,6%
Rates integration		23,14%	17,6%	19,67%	-11,1%	22,13%	39,59%	-41,6%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		58,55%	-56,8%	135,59%	72,9%	78,42%	81,49%	-28,2%
Weight interests		0,60	-22,1%	0,77%	-11,5%	0,87%	0,27%	122,2%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		6,96%	1292,0%	0,50%	125,0%	-2%	5,22%	33,3%
Rates of economic profitability		18%	263,6%	-11%	-320,0%	5%	15%	20,0%
Financial profitability		43683612%	2,9%	42470545%	-21,2%	53868412%	75253%	57949,0%
Return on investment		2,69%	110,1%	-26,54%	-175,6%	-9,63%	10,44%	-74,2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	96 484 446	96,9%	48 992 579	-38,8%	80 099 546	384 714 €	24979,5%

Sales of goods	178 063	-70,6%	606 499	-78,0%	2 754 125
- Purchase of goods	184 011	-63,6%	505 763	-79,8%	2 505 772
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	-5 948 €	-105,9%	100 736 €	-59,4%	248 353 €	520 €	-1243,8%
	-0,01 % CA	-104,8%	0,21 % CA	-32,3%	0,31 % CA	3,74 % CA	-100,3%

Sale of goods produced	96 306 383	99,0%	48 386 080	-37,4%	77 345 421
+/- Stocked production	2 980 239	432,8%	-895 454	82,8%	-5 219 527
+ Self-constructed assets	206 678	-21,2%	262 187	-58,2%	627 449
Period production	99 493 300 €	108,4%	47 752 813 €	-34,4%	72 753 343 €	272 811 €	36369,7%
	103,12 % CA	5,8%	97,47 % CA	7,3%	90,83 % CA	94,63 % CA	9,0%

Trading margin	-5 948	-105,9%	100 736	-59,4%	248 353	520	-1243,8%
+ Period Production	99 493 300	108,4%	47 752 813	-34,4%	72 753 343	272 811	36369,7%
- Purchase of raw materials	53 062 803	91,8%	27 661 955	-35,1%	42 623 596
+/- Change in stocks of raw materiels	-4 038 006	-240,2%	2 880 952	168,3%	1 073 875
- Other external purchases and charges	28 138 288	266,8%	7 671 366	-33,7%	11 578 266
Added value	22 324 267 €	131,6%	9 639 276 €	-45,6%	17 725 959 €	126 365 €	17566,5%
	23,14 % CA	17,6%	19,67 % CA	-11,1%	22,13 % CA	39,59 % CA	-41,6%

Added value	22 324 267 €	131,6%	9 639 276 €	-45,6%	17 725 959 €	126 365 €	17566,5%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1 349 131	14,9%	1 174 023	-0,8%	1 183 503
- Personal charges	13 071 274	0,0%	13 069 704	-6,0%	13 900 239
Gross operating surplus	7 903 862 €	271,7%	-4 604 451 €	-274,3%	2 642 217 €	17 642 €	44701,4%
	8,19 % CA	187,1%	-9,40 % CA	-384,8%	3,30 % CA	4,88 % CA	67,8%

Gross operating surplus	7 903 862 €	271,7%	-4 604 451 €	-274,3%	2 642 217 €	17 642 €	44701,4%
+ Release of reserves and provisions	2 172 527	-41,5%	3 715 399	10,0%	3 379 063
+ Other operating income	30	0%	0	0%	0
- Depreciation/Amortisation	7 347 928	-35,2%	11 332 720	17,8%	9 617 091
- Other charges	3 563 218	107,1%	1 720 858	-42,7%	3 002 432
Operating result	-834 727 €	94,0%	-13 942 630 €	-111,3%	-6 598 243 €	8 093 €	-10414,2%
	8,19 % CA	187,1%	-9,40 % CA	-384,8%	3,30 % CA	4,14 % CA	97,8%

Operating result	-834 727 €	94,0%	-13 942 630 €	-111,3%	-6 598 243 €	8 093 €	-10414,2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	2 035 973	144,9%	831 451	-38,1%	1 343 913
- Financial charges	581 779	54,8%	375 844	-46,0%	696 610
Pre-tax result	619 467 €	104,6%	-13 487 023 €	-126,6%	-5 950 940 €	10 096 €	6035,8%
	0,64 % CA	102,3%	-27,53 % CA	-270,5%	-7,43 % CA	3,89 % CA	-83,5%

Extraordinary income	2 723 849	7,8%	2 527 623	4,7%	2 413 646	585	465515,2%
- Extraordinary charges	2 563 535	33,1%	1 926 046	-45,2%	3 513 705
Extraordinary result	160 314 €	-73,4%	601 577 €	154,7%	-1 100 059 €	0 €	0%
	0,17 % CA	-86,2%	1,23 % CA	189,8%	-1 % CA	0 % CA	0%

Pre-tax result	619 467 €	104,6%	-13 487 023 €	-126,6%	-5 950 940 €	10 096 €	6035,8%
Extraordinary result	160 314 €	-73,4%	601 577 €	154,7%	-1 100 059 €	0 €	0%
- Employee profit sharing	1 224 000	140267,0%	872	-99,4%	157 402
- Tax on profits	-1 054 632	2,7%	-1 083 527	16,9%	-1 303 523
Net result	610 413 €	105,2%	-11 802 791 €	-99,9%	-5 904 878 €	12 691 €	4709,8%
	0,63 % CA	102,6%	-24,09 % CA	-226,9%	-7,37 % CA	4,07 % CA	-84,5%

judgements

Collective procedures

No judgment information for the company

  Social security, pension funds preferential rights | Tax office preferential rights

Preferential rights details and history

Summary of preferential rights

Company monitored since	05/08/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

This company is not identified as one of the biggest french chip.

Linkages

This company is not identified as one of the biggest french chip.

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
08/09/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7797 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
08/08/2009	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7475 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
10/04/2009	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1218 - 328 103 981 RCS Lyon. STAUBLI LYON. Forme : Société par Actions Simplifiée. Administration : SCHMITT André Bernard nom d'usage : SCHMITT André devient fondé de pouvoir.. BASSI Dario Massimo nom d'usage : BASSI Dario n'est plus fondé de pouvoir.. Commentaires : Modification de l'administration.
24/09/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 5829 - 328103981 RCS. STAUBLI LYON. Forme : Société par Actions Simplifiée. Adresse : 31 rue des Frères Lumière 69680 Chassieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/10/2007	Bodacc C	Avis de dépôt des comptes
4873 - 328 103 981. RCS Lyon STAUBLI LYON. Forme: société par actions simplifiée. Adresse du siège social: 31 rue des Frères Lumière 69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
14/09/2006	Bodacc C	Avis de dépôt des comptes
1125 - RCS Lyon B 328 103 981. RC 83-B 1108. STAUBLI LYON. Forme: S.A.S. Adresse du siège social: 31, Rue des Frères Lumière,69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
22/01/2006	Bodacc B	Modifications et mutations diverses
1368 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : nomination en qualité de fondé de pouvoir : CABANNE (Marc, Henri, Louis).
30/10/2005	Bodacc B	Modifications et mutations diverses
902 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : nouveau fondé de pouvoir : BASSI (Dario, Massimo).
24/09/2005	Bodacc C	Avis de dépôt des comptes
4575 - RCS Lyon B 328 103 981. RC 83-B 1108. STAUBLI LYON. Forme: société par actions simplifiée. Adresse du siège social: 31, Rue des Frères Lumière,69680 Chassieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
28/07/2005	Bodacc B	Modifications et mutations diverses
2092 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : président : PALAU (Joseph), ancien président du conseil d'administration. Anciens administrateurs : STAUBLI (Antoine) RIMOLDI (Enrico) REICHMUTH (Aldred, Joseph) CABANNE (Marc, Henri) BAREL (Thierry) et KUNG (Ulrich).
28/07/2005	Bodacc B	Modifications et mutations diverses
2093 - RCS Lyon 328 103 981. RC 83-B 01108. STAUBLI LYON. Forme : S.A.S. Adresse du siège social : 31 rue des Frères-Lumière,, 69680 Administration : ancien directeur général : BURNET-MERLIN (René).
22/01/2003	Bodacc B	Modifications et mutations diverses
RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau président du conseil d'administration : PALAU (Joseph). Nouveau directeur général : BURNET-MERLIN (René). Nouveaux administrateurs : BAREL ( Thierry) et KUNG (Ulrich). Ancien commissaire aux comptes titulaire : DUBAIL (Philippe). Nouveau commissaire aux comptes titulaire : JURALPES CONSEIL.
15/05/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau commissaire aux comptes titulaire : FIDUCIAIRE DE FRANCE FIDEX K.P.M.G. Nouveau commissaire aux comptes suppléant : BIRRAUX (Maxime).
15/05/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Capital : 3 225 600 euros. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : nouveau commissaire aux comptes titulaire : K.P.M.G. S.A. Commentaires : modification survenue sur le capital.
15/05/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 328103981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. à conseil d' administration. Adresse du siège social : 31 rue des Frères-Lumière, 69680 Chassieu. Administration : ancien commissaire aux comptes titulaire : VESIN (Lucien). Nouveau commissaire aux comptes titulaire : DUBAIL (Philippe). Ancien commissaire aux comptes suppléant : DURET (Bernard). Nouveau commissaire aux comptes suppléant : S.A. R.L. PHILIPPE GAUBERT ASSOCIES.
11/10/1996	Bodacc B	Modifications et mutations diverses
RCS Lyon B 328103981 RC 83-B 1108 STAUBLI LYON. Forme : S.A. Capital : 6 300 000 F. Adresse du siège social : 31, rue des Frères-Lumière, 69680 Chassieu. Administration : nouvel administrateur : CABANNE (Marc), en remplacement de STAUBLI (Gérard) et TOUTAN (Philippe). Date d'effet : 14 juin 1996.
12/03/1996	Bodacc B	Modifications et mutations diverses
RCS Lyon B 328 103 981 RC 83-B 01108 STAUBLI LYON. Forme : S.A. Capital : 6 300 000 F. Adresse du siège social : 31 rue des Frères-Lumière, 69- Chassieu. Commentaires : modification de la dénomination sociale : ancienne : STAUBLI VERDOL. Date d'effet : 1er janvier 1996.

Company events history
Date	Description
08/09/2011	Bodacc C : Deposit accounts notice
19/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
08/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
08/08/2009	Bodacc C : Deposit accounts notice
05/08/2009	Collection of preferential rights activated for this company
10/04/2009	Bodacc B: Various editing or changing
31/12/2008	New accounts available
24/09/2008	Bodacc C : Deposit accounts notice
08/02/2008	Minutes of general meeting of shareholders
08/02/2008	Private document
08/02/2008	Updated articles of association
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
08/06/2005	Changement de Forme Juridique sans changement de catégorie
08/06/2005	New legal form – no new category
08/06/2005	New legal form – no new category
08/06/2005	Acte sous seing privé
08/06/2005	Private document
08/06/2005	Private document
08/06/2005	Appointment/resignation of company officers
08/06/2005	Nomination/démission des organes de gestion
08/06/2005	Appointment/resignation of company officers
08/06/2005	Minutes of general meeting of shareholders
08/06/2005	PV d'Assemblée
08/06/2005	Minutes of general meeting of shareholders
08/06/2005	Statuts mis à jour
08/06/2005	Updated articles of association
08/06/2005	Updated articles of association
08/06/2005	Audit or Management Report
08/06/2005	Rapport des Commissaires ou du Gérant
08/06/2005	Audit or Management Report
31/12/2004	New accounts available
31/12/2003	New accounts available
12/11/2002	Statuts mis à jour
12/11/2002	Nomination/démission des organes de gestion
12/11/2002	Modification du Conseil d'Administration
12/11/2002	PV du Conseil d'Administration
12/11/2002	Acte sous seing privé
12/11/2002	PV d'Assemblée
02/09/2002	PV d'Assemblée
02/09/2002	Acte sous seing privé
02/09/2002	Statuts mis à jour
05/04/2001	Nomination/démission des organes de gestion
05/04/2001	Acte sous seing privé
05/04/2001	Augmentation de Capital
05/04/2001	Conversion du Capital Social en Euros
05/04/2001	Changement de Commissaire aux Comptes
05/04/2001	Statuts mis à jour
05/04/2001	PV d'Assemblée
30/08/1996	Nomination/démission des organes de gestion
30/08/1996	Modification du Conseil d'Administration
30/08/1996	PV d'Assemblée
18/01/1996	Changement de dénomination sociale
18/01/1996	PV d'Assemblée
18/01/1996	Statuts mis à jour
29/03/1994	PV d'Assemblée
29/03/1994	Modification du Conseil d'Administration
29/03/1994	Nomination/démission des organes de gestion

Establishment events history

Date	Description
27/07/2010	Update Rating
29/12/2009	Update Rating
08/12/2007	Update Limit
04/09/2007	Update Rating
11/04/2007	Update Limit
11/04/2007	Update Rating

directors

Name	M. PALAU JOSEPH
Manager position	Président du conseil d'administration	Date of birth	18/12/1938
Place of birth	SABADELL ESPAGNE
Type of manager	Individual	Name at birth of manager

Bottom of Form

Subsidiaries

Corporate Family	Corporate Structure News:
	Staubli Holding AG Staubli Lyon
Total Corporate Family Members: 8

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Staubli Holding AG	Parent	Pfaffikon	Switzerland	Miscellaneous Financial Services
Staubli AG	Subsidiary	Horgen	Switzerland	Miscellaneous Capital Goods	650.0	4,000
Staubli Faverges	Subsidiary	Faverges	France	Miscellaneous Capital Goods	371.8	1,045
Staubli Raccord France	Subsidiary	Massy	France	Construction and Agriculture Machinery	45.8	82
Prevost	Subsidiary	Annecy Le Vieux	France	Construction and Agriculture Machinery	26.9	74
Staubli Portugal, Representacoes, LDA	Subsidiary	Maia	Portugal	Retail (Specialty)	0.9	10
Staubli Lyon	Subsidiary	Chassieu	France	Miscellaneous Capital Goods	179.1	278
Multi-Contact Essen GmbH	Subsidiary	Essen, Nordrhein-Westfalen	Germany	Miscellaneous Fabricated Products		150

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.38
UK Pound	1	Rs.74.01
Euro	1	Rs.64.48

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.