MIRA INFORM REPORT

Report Date :

13.08.2012

IDENTIFICATION DETAILS

Name :	SAINT-GOBAIN ABRASIFS
Registered Office :	Rue De L Ambassadeur Bp 8 78700 Conflans Sainte Honorine
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	March 1955
Com. Reg. No.:	RCS Versailles 6 669 801 243
Legal Form :	Public limited company with board of directors
Line of Business :	Production of abrasive products
No. of Employees :	500 to 999 employees

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
France	A1	A1

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

Company name

Name SAINT-GOBAIN ABRASIFS

SIRET 669 801 243 00017

company summary

Activity (APE)	Production of abrasive products (2391Z)	Legal form	Public limited company with board of directors
Phone	01 47 62 46 38	RCS Registration	RCS Versailles 6 669 801 243
Fax	01 39 19 89 56	Share capital	18,829,456 Euros
Address	SAINT-GOBAIN ABRASIFS RUE DE L AMBASSADEUR BP 8 78700 CONFLANS SAINTE HONORINE	Incorporated Date	03/1955
Nationality	France (Branch: 43 Rue St. Andre 93012 Bobigny Cedex, France)	Status	Economically active

Last published preferential right

Ultimate Holding Company
Company Name	Company number
COMPAGNIE DE SAINT-GOBAIN	542039532

Current Directors

6

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	167,534,787 €	140,941,957 €	186,404,789 €
Gross Operating Surplus	-9,84 % Turnover	-16,36 % Turnover	-4,08 % Turnover
Net worth	59,939,630 €	74,941,283 €	106,610,168 €
Employees	500 to 999 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Fabrication de produits abrasifs (2391Z)
RCS Registration	RCS Versailles 6 669 801 243	Share capital	18,829,456 Euros
Registration Court	Versailles (78)	Legal form	Public limited company with board of directors
Court Registry Number	19 6 6B001	EU VAT Number	FR47669801243
Incorporation Date	03/1955	Formation Date	01/1966
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  COMPAGNIE DE SAINT-GOBAIN  - Activités des sièges sociaux (7010Z)  in COURBEVOIE  (92400)

Establishment details

Activity (APE)	Fabrication de produits abrasifs (2391Z)	Business Pages FT®	ABRASIF FABRICATION GRO
Postal Address	SAINT-GOBAIN ABRASIFS RUE DE L AMBASSADEUR BP 8 78700 CONFLANS SAINTE HONORINE	Trading Address	RUE DE L AMBASSADEUR 78700 CONFLANS SAINTE HONORINE
Telephone	01 47 62 46 38
Fax	01 39 19 89 56

Type	Head office	Status	Economically active
Formation Date	01/1900	Reason for formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Yvelines (78)	Region	Ile-de-France
District	3	Area	06
City	CONFLANS SAINTE HONORINE	Size of urban area	Paris conglomeration

Other establishments

Branches	6 branch entities in this company
Head office	> SAINT-GOBAIN ABRASIFS <<<  - Fabrication de produits abrasifs (2391Z)  in CONFLANS SAINTE HONORINE  (78700)
Secondary establishments	>  SAINT-GOBAIN ABRASIFS  - Fabrication de produits abrasifs (2391Z)  in SAINT OUEN L'AUMONE  (95310) >  SAINT-GOBAIN ABRASIFS  - Fabrication de produits abrasifs (2391Z)  in VENISSIEUX  (69200) >  SAINT-GOBAIN ABRASIFS  - Fabrication de produits abrasifs (2391Z)  in NAZELLES NEGRON  (37530) >  SAINT-GOBAIN ABRASIFS  - Fabrication de produits abrasifs (2391Z)  in DRANCY  (93700) > ...

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

Workforce at address

500 to 999 employees

Company workforce

500 to 999 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	15/06/2011	16/06/2010	-
Activity Code	2391Z	2391Z	2391Z
Employees	649	714	0

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	114 405 991	-0,5%	114 999 113	-28,0%	159 798 384	64 764,50	176549,2%
- Intangible assets	1 556 890	-11,4%	1 756 429	30,6%	1 345 230	14 490,50	10644,2%
- Tangible assets	21 706 729	-9,7%	24 042 102	-5,9%	25 544 938	27 703	78255,2%
- Financial assets	91 689 663	2,2%	89 747 874	-32,5%	132 908 216	1 025,50	8940871,5%
Net current assets	65 488 252	-10,2%	72 946 169	-13,5%	84 330 746	966 845,50	6673,4%
- Stocks	25 350 944	22,1%	20 770 201	-40,0%	34 591 852	216 273,50	11621,7%
- Advanced payments	145 257	-10,2%	12 122	-83,6%	73 691	0	0%
- Receivables	38 366 073	-25,1%	51 244 601	3,8%	49 364 198	275 467,50	13827,6%
- Securities and cash	1 625 977	76,9%	919 245	205,4%	301 005	103 003	1478,6%
- Prepaid expenses	-	-	-	-	-	736,50	-
Accounts of regularization	11 106	-56,3%	25 397	-13,9%	29 494	0	0%
Total Assets	179 905 348	-4,3%	187 970 683	-23,0%	244 158 629	988 926	18092,0%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	59 939 630	-20,0%	74 941 283	-29,7%	106 610 168	502 297	11833,1%
Share capital	18 829 456	0%	18 829 456	0,0%	18 829 455	59 455	31570,1%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	19 925 733	24,9%	15 954 048	174,0%	5 821 907	0	0%
Liabilities	100 027 948	3,0%	97 070 250	-26,3%	131 718 434	398 388	25008,2%
- Financial liabilities	55 706 554	-1,4%	56 502 966	-34,8%	86 724 038	81 977	67853,9%
- Advanced payments received	95 741	137,4%	40 329	-65,7%	117 425	0	0%
- Trade account payables	27 171 470	11,8%	24 306 926	-16,4%	29 064 236	151 862,50	17792,2%
- Tax and social liabilities	11 170 568	-2,9%	11 507 576	11,3%	10 336 543	72 210,50	15369,5%
- Other debts and fixed assets liabilities	5 895 652	27,0%	4 643 779	-12,3%	5 295 653	10 844,50	54265,4%
Account regularization	0	0%	73 777	-60,9%	188 655	0	0%
Total liabilities	179 905 348	-4,3%	187 970 682	-23,0%	244 158 629	988 924,50	18092,0%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	197 094 801	31,3%	150 153 614	-27,9%	208 224 690	1 280 718	15289,4%
Net turnover	167 534 787	18,9%	140 941 957	-24,4%	186 404 789	1 250 649,50	13295,8%
- of which net export turnover	78 638 016	31,5%	59 809 693	-28,7%	83 900 515	36 445	215671,8%
Operating charges	205 493 815	20,4%	170 639 089	-18,4%	209 209 824	1 277 616	15984,2%
Operating profit/loss	-8 399 014	59,0%	-20 485 475	-1979,5%	-985 134	10 482,50	-80224,1%
Financial income	6 453 611	-44,0%	11 525 798	-43,3%	20 339 015	740,50	871420,7%
Financial charges	3 549 476	-70,3%	11 962 478	159,0%	4 618 115	4 635	76479,8%
Financial profit/loss	2 904 135	765,0%	-436 680	-102,8%	15 720 900	-2 152	135050,5%
Pretax net operating income	-5 494 880	73,7%	-20 922 155	-242,0%	14 735 766	14 265	-38620,0%
Extraordinary income	7 753 866	-79,1%	37 140 661	807,9%	4 090 886	3 788	204595,5%
Extraordinary charges	16 981 401	-66,1%	50 147 683	1131,5%	4 072 206	269	6312688,5%
Extraordinary profit/loss	-9 227 536	-14,4%	-13 007 022	-69730,7%	18 680	526,50	-1752718,4%
Net result	-14 875 969	52,5%	-31 294 403	-318,8%	14 304 749	13 669,50	-108926,0%

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	179 905 348	-4,3%	187 970 683	-23,0%	244 158 629
	Gross	CO	277 205 090	-3,4%	286 829 539	-13,2%	330 496 798
	Amortisation	1A	97 299 742	-1,6%	98 858 856	14,5%	86 338 168

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	114 405 991	-0,5%	114 999 113	-28,0%	159 798 384
	Gross	BJ	205 372 882	-0,9%	207 233 406	-13,9%	240 617 725
	Amortisation	BK	90 966 892	-1,4%	92 234 293	14,1%	80 819 345

Intangilble 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	85 842	-50,1%	171 921	0%	0
	Gross	CX	438 000	0%	438 000	0%	0
	Amortisation	AE	352 158	32,4%	266 079	0%	0
	Distributorships, patents	Net	355 192	10,7%	320 983	-36,1%	502 349
	Gross	AF	6 146 119	1,5%	6 058 172	-4,2%	6 325 843
	Amortisation	AG	5 790 927	0,9%	5 737 189	-1,5%	5 823 494
	Goodwill	Net	547 292	0%	547 292	0%	0
	Gross	AH	547 292	0%	547 292	0,0%	547 291
	Amortisation	AI	547 292	0%	547 292	0,0%	547 291
	Other intangible fixed assets	Net	568 564	-20,6%	716 233	-15,0%	842 881
	Gross	AJ	4 213 266	-3,3%	4 356 417	5,2%	4 140 772
	Amortisation	AK	3 644 702	0,1%	3 640 184	10,4%	3 297 891
	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	1 556 890	-11,4%	1 756 429	30,6%	1 345 230

Tangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	722 080	-1,9%	736 070	-1,9%	750 062
	Gross	AN	1 204 732	0%	1 204 732	0%	1 204 732
	Amortisation	AO	482 652	3,0%	468 662	3,1%	454 670
	Buildings	Net	9 674 406	1,6%	9 523 464	-4,3%	9 949 931
	Gross	AP	27 850 791	4,1%	26 747 489	2,4%	26 127 366
	Amortisation	AQ	18 176 385	5,5%	17 224 025	6,5%	16 177 435
	Plant	Net	9 666 427	-15,9%	11 493 498	26,7%	9 070 306
	Gross	AR	40 536 275	-7,9%	43 993 300	9,4%	40 215 438
	Amortisation	AS	30 869 849	-5,0%	32 499 802	4,3%	31 145 132
	Other tangible fixed assets	Net	933 303	-13,9%	1 083 705	-5,9%	1 151 113
	Gross	AT	3 494 156	0,2%	3 486 886	-0,9%	3 516 932
	Amortisation	AU	2 560 853	6,6%	2 403 181	1,6%	2 365 819
	Fixed assets in construction	Net	710 513	-33,1%	1 061 615	-66,7%	3 191 564
	Gross	AV	710 513	-33,1%	1 061 615	-66,7%	3 191 564
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	143 750	-90,0%	1 431 962
	Gross	AX	0	0%	143 750	-90,0%	1 431 962
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	21 706 729		24 042 102		25 544 938

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	91 448 232	2,2%	89 519 299	-32,5%	132 707 919
	Gross	CU	119 965 082	0,9%	118 928 136	-22,6%	153 690 304
	Amortisation	CV	28 516 850	-3,0%	29 408 837	40,2%	20 982 385
	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	4 102	78,2%	2 302	-61,0%	5 902
	Gross	BF	4 102	0%	2 302	0%	5 902
	Amortisation	BG	0		0		0
	Other financial assets	Net	237 329	4,9%	226 273	16,4%	194 395
	Gross	BH	262 554	-1,0%	265 315	20,8%	219 619
	Amortisation	BI	25 225	-35,4%	39 042	54,8%	25 224
	Sub Total Financial Assets		91 689 663		89 747 874		132 908 216

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	65 488 252	-10,2%	72 946 169	-13,5%	84 330 746
	Gross	CJ	71 821 101	-9,7%	79 570 733	-11,4%	89 849 574
	Amortisation	CK	6 332 850	-4,4%	6 624 564	20,0%	5 518 823

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	2 846 834	12,5%	2 530 787	-31,9%	3 718 297
	Gross	BL	2 846 834	12,5%	2 530 787	-31,9%	3 718 297
	Amortisation	BM	0	0%	0	0%	0
	Work in progress (goods)	Net	0	0%	0	0%	0
	Gross	BN	0	0%	0	0%	0
	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	15 390 738	51,2%	10 177 446	-47,8%	19 501 212
	Gross	BR	20 616 608	34,4%	15 336 481	-35,5%	23 773 407
	Amortisation	BS	5 225 870	1,3%	5 159 035	20,8%	4 272 195
	Goods for resale	Net	7 113 372	-11,8%	8 061 968	-29,1%	11 372 343
	Gross	BT	7 113 372	-11,8%	8 061 968	-29,1%	11 372 343
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	25 350 944	22,1%	20 770 201	-40,0%	34 591 852

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	145 257	1098,3%	12 122	-83,6%	73 691
	Gross	BV	145 257	1098,3%	12 122	-83,6%	73 691
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	34 488 102	2,4%	33 684 887	-24,8%	44 793 863
	Gross	BX	35 595 082	1,3%	35 150 416	-23,7%	46 040 491
	Amortisation	BY	1 106 980	-24,5%	1 465 529	17,6%	1 246 628
	Other debtors	Net	3 661 633	-78,6%	17 125 594	296,9%	4 315 359
	Gross	BZ	3 661 633	-78,6%	17 125 594	296,9%	4 315 359
	Amortisation	CA	0	0%	0	0%	0
	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	38 149 735	-24,9%	50 810 481	3,5%	49 109 222

Divers

			31/12/2010		31/12/2009		31/12/2008
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	1 625 977	76,9%	919 245	205,4%	301 005
	Gross	CF	1 625 977	76,9%	919 245	205,4%	301 005
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1 625 977	76,9%	919 245	205,4%	301 005

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	216 338	-50,2%	434 120	70,3%	254 976
	Gross	CH	216 338	-50,2%	434 120	70,3%	254 976
	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	11 106	-56,3%	25 397	-13,9%	29 494
Gross		11 106	-56,3%	25 397	-	-

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	179 905 348	-4,3%	187 970 682	-23,0%	244 158 629

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	59 939 630	-20,0%	74 941 283	-29,7%	106 610 168
	Equity and shareholders' equity	DA	18 829 456	0%	18 829 456	0,0%	18 829 455
	Issue and merger premiums	DB	67 050 154	0%	67 050 154	0%	67 050 154
	Revaluation differentials	DC	5 275	0%	5 275	0,0%	5 274
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	1 882 946	0%	1 882 946	0,2%	1 878 900
	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	8 021 280	0%	8 021 280	0,0%	8 021 279
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-23 643 956	-409,1%	7 650 447	215,0%	-6 650 256
	Profit or loss for the period	DI	-14 875 969	52,5%	-31 294 403	-318,8%	14 304 750
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	2 670 444	-4,5%	2 796 128	-11,8%	3 170 609

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	19 925 733	24,9%	15 954 048	174,0%	5 821 907
	Risk provisions	DP	9 923 779	55,2%	6 394 687	343,1%	1 443 020
	Reserves for charges	DQ	10 001 954	4,6%	9 559 361	118,3%	4 378 887

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	100 027 948	3,0%	97 070 250	-26,3%	131 718 434
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1 913	-72,8%	7 032	-81,3%	37 670
	Sundry loans and financial liabilities	DV	55 704 641	-1,4%	56 495 934	-34,8%	86 686 368
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	95 741	137,4%	40 329	-65,7%	117 425
	Trade accounts payables	DX	27 171 470	11,8%	24 306 926	-16,4%	29 064 236
	Tax and social security liabilities	DY	11 170 568	-2,9%	11 507 576	11,3%	10 336 543
	Fixed asset liabilities	DZ	329 202	197,5%	110 649	-67,8%	343 996
	Other debts	EA	5 554 413	22,7%	4 528 027	-8,4%	4 943 537

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	12 037	135,9%	5 103	-37,2%	8 120

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	0	0%	73 777	-60,9%	188 655

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	54 932 206	5,6%	52 029 920	-48,9%	101 844 656
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	-8 399 014	59,0%	-20 485 475	-1979,5%	-985 134

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	2 904 135	765,0%	-436 680	-102,8%	15 720 900

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	-5 494 880	73,7%	-20 922 155	-242,0%	14 735 766

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-9 227 536	29,1%	-13 007 022	-69730,7%	18 680

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	-14 875 969	52,5%	-31 294 403	-318,8%	14 304 749

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	211 302 277	6,3%	198 820 073	-14,5%	232 654 591

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	226 178 246	-1,7%	230 114 478	5,4%	218 349 842

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	197 094 801	31,3%	150 153 614	-27,9%	208 224 690

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	85 706 540	18,8%	72 129 095	-18,4%	88 431 304
	France	FA	65 120 902	12,1%	58 099 387	-17,1%	70 084 784
	Export	FB	20 585 638	46,7%	14 029 708	-23,5%	18 346 520
	Sale of goods produced	FF	67 020 078	25,0%	53 601 766	-34,9%	82 317 213
	France	FD	22 715 862	2,2%	22 216 454	-30,3%	31 866 202
	Export	FE	44 304 216	41,2%	31 385 312	-37,8%	50 451 011
	Sale of services	FI	14 808 169	-2,6%	15 211 096	-2,8%	15 656 271
	France	FG	1 060 007	29,8%	816 423	47,6%	553 287
	Export	FH	13 748 162	-4,5%	14 394 673	-4,7%	15 102 984
	Net turnover	FL	167 534 787	18,9%	140 941 957	-24,4%	186 404 789
	France	FJ	88 896 771	9,6%	81 132 264	-20,8%	102 504 274
	Export	FK	78 638 016	31,5%	59 809 693	-28,7%	83 900 515
	Stocked production	FM	5 280 126	162,6%	-8 436 926	-8623,9%	98 980
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	900	-77,9%	4 079	0%	0
	Release of reserves and provisions	FP	8 821 335	57,5%	5 599 511	14,0%	4 909 895
	Other income	FQ	15 457 653	28,3%	12 044 993	-28,4%	16 811 026

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	205 493 815	20,4%	170 639 089	-18,4%	209 209 824

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	24 059 539	23,2%	19 532 349	-27,3%	26 884 511
Change in stocks of goods for resale	FT	948 596	-71,3%	3 310 374	238,7%	977 470
Purchase of raw materials	FU	63 629 408	76,9%	35 970 155	-40,2%	60 111 428
Change in stocks of raw materials	FV	-306 569	-125,8%	1 187 510	285,6%	-639 907
Other external purchases and charges	FW	55 555 657	12,4%	49 440 510	-12,6%	56 570 969
Tax, duty and similar payments	FX	3 597 637	-12,1%	4 094 148	-11,9%	4 648 123
Payroll	FY	29 348 729	0,9%	29 090 309	-5,1%	30 642 184
Social security costs	FZ	12 460 984	-3,7%	12 940 039	-13,2%	14 914 233

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	3 789 885	-2,7%	3 893 550	4,8%	3 713 615
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1 586 060	-45,5%	2 908 379	91,3%	1 520 701
Provisions for risks and charges	GD	1 289 394	232,4%	387 862	111,9%	183 008

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	9 534 497	20,9%	7 883 904	-18,6%	9 683 489

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	6 453 611	-44,0%	11 525 798	-43,3%	20 339 015
	Share financial income	GJ	4 877 400	-56,8%	11 291 264	-43,5%	19 980 251
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	15 042	108,9%	7 201	-78,3%	33 198
	Released provisions and transferred charges	GM	1 064 349	3508,6%	29 495	0%	0
	Exchange gains	GN	496 820	151,1%	197 838	-39,2%	325 566
	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	3 549 476	-70,3%	11 962 478	159,0%	4 618 115
	Financial reserves and provisions	GQ	158 071	-98,1%	8 451 849	28556,2%	29 494
	Interest and similar charges	GR	2 781 141	-13,9%	3 231 171	-18,7%	3 973 428
	Exchange losses	GS	610 265	118,4%	279 458	-54,6%	615 193
	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	7 753 866	-79,1%	37 140 661	807,9%	4 090 886
	Extraordinary operating income	HA	104 843	45,1%	72 252	288,9%	18 579
	Extraordinary income from capital transactions	HB	632 588	-98,2%	34 762 551	15112,8%	228 509
	Released provisions and transferred charges	HC	7 016 434	204,3%	2 305 858	-40,0%	3 843 798

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	16 981 401	-66,1%	50 147 683	1131,5%	4 072 206
	Extraordinary operating charges	HE	6 250 502	93,4%	3 232 612	4,4%	3 097 637
	Extraordinary charges from capital transactions	HF	748 791	-97,8%	34 818 054	14400,7%	240 113
	Extraordinary reserves and provisions	HG	9 982 108	-17,5%	12 097 017	1547,1%	734 456

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	153 553	105,8%	-2 634 772	-685,9%	449 697

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	6 492 694	87,6%	3 461 746	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	11 321 717	35,3%	8 369 827	0%	0
Of which royalties on licences and patents (charges)	A4	4 640 992	13,5%	4 089 740	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%	83 465 968
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	7 055 720
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	3 819 583
	Gross value at the end of period	OL	0	0%	0	0%	86 701 905

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	0	0%	0	0%	10 677 593
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	711 240
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	374 925
	Gross value at the end of period	LW	0	0%	0	0%	11 013 906

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	0	0%	0	0%	72 788 375
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	6 344 480
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	3 444 658
	Gross value at the end of period	NH	0	0%	0	0%	75 688 997

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	0	0%	0	0%	0
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	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	0	0%	0	0%	0

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%	56 358 722
Increases		0P	0	0%	0	0%	3 713 615
Decreasess		0Q	0	0%	0	0%	260 601
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	59 811 736

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%	9 149 529
Increases		PF	0	0%	0	0%	519 149
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	9 668 678

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%	47 209 193
Increases		QV	0	0%	0	0%	3 194 466
Decreases		QW	0	0%	0	0%	260 601
	Decreasess by budget item transfer	QX	0	0%	0	0%	50 143 058

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%	38 674 054
Increases		UB	0	0%	0	0%	2 467 660
Decreases		UC	0	0%	0	0%	5 209 764
	Value at the end of period	UD	0	0%	0	0%	35 931 950

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	3Z	0	0%	0	0%	3 514 888
Increases		TS	0	0%	0	0%	309 381
Decreases		TT	0	0%	0	0%	653 660
	Value at the end of period	TU	0	0%	0	0%	3 170 609

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%	9 065 176
Increases		TV	0	0%	0	0%	637 578
Decreases		TW	0	0%	0	0%	3 880 846
	Value at the end of period	TX	0	0%	0	0%	5 821 908

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%	26 093 990
Increases		TY	0	0%	0	0%	1 520 701
Decreases		TZ	0	0%	0	0%	675 258
	Value at the end of period	UA	0	0%	0	0%	26 939 433

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	0	0%	0	0%	50 836 349
1 year at most	VU	0	0%	0	0%	50 610 827
More than one year	VV	0	0%	0	0%	225 522

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%	5 903
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	219 619
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	0	0%	0	0%	612 393
Other claims customer	UX	0	0%	0	0%	32 696 114
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	0	0%	0	0%	92 640
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	1 611 556
Other taxes and payments assimilated	VN	0	0%	0	0%	1 989 785
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	13 213 673
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	139 689

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	0	0%	0	0%	254 976

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	0	0%	0	0%	131 601 008
1 year at most		VZ2	0	0%	0	0%	101 527 231
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	30 073 778
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	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
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	0	0%	0	0%	40
1 year at most		8A2	0	0%	0	0%	40
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	0	0%	0	0%	18 372 873
1 year at most		8B2	0	0%	0	0%	18 372 873
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	3 827 155
1 year at most		8C2	0	0%	0	0%	3 827 155
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	4 346 569
1 year at most		8D2	0	0%	0	0%	4 346 569
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	1 441 892
1 year at most		VW2	0	0%	0	0%	1 441 892
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	0	0%	0	0%	720 927
1 year at most		VQ2	0	0%	0	0%	720 927
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	343 996
1 year at most		8J2	0	0%	0	0%	343 996
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%	97 566 477
1 year at most		VI2	0	0%	0	0%	67 566 477
More than 1 year and 5 years at most		VI3	0	0%	0	0%	30 000 000
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	4 792 424
1 year at most		8K2	0	0%	0	0%	4 792 424
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	0	0%	0	0%	188 655
1 year at most		8L2	0	0%	0	0%	114 878
More than 1 year and 5 years at most		8L3	0	0%	0	0%	73 778

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	649	-9,1%	714	0%	0

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	1,10	-5,2%	1,16	0%	1,16	1,26	-12,7%
Global Debt	215 days	-13,3%	248 days	-2,4%	254 days	133 days	61,7%
Working Capital Fund overall net	45 days	-45,8%	83 days	9,2%	76 days	75 days	-40,0%
Financial independence	3133279,14%	194,0%	1065717,90%	276,6%	283010,80%	2602,95%	120274,2%
More ratios
Solvability	33,32%	-16,4%	39,87%	-8,7%	43,66%	48,69%	-31,6%
Capacity debt futures	%	-	%	-	%	6544,95%	-
Coverage of current assets by net working capital overall	29,56%	-27,8%	40,94%	-6,8%	43,93%	49,26%	-40,0%
General Liquidity		-		-	0,50	0,81	-
Restricted Liquidity		-		-	0,50	1,10	-

Management or rotation

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital	42 days	-46,8%	79 days	5,3%	75 days	59 days	-28,8%
Treasury	3 days	50,0%	2 days	100%	1 days	27 days	-88,9%
Inventory turnover of goods	102 days	-19,7%	127 days	-13,6%	147 days	68 days	50,0%
Average length of credit granted to customers	76 days	-15,6%	90 days	1,1%	89 days	72 days	5,6%
Average length of credit obtained suppliers	68 days	-15,0%	80 days	9,6%	73 days	66,50 days	2,3%
More ratios
Inventory turnover of raw materials in industrial enterprises	12 days	-33,3%	18 days	5,9%	17 days	88 days	-86,4%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	246 days	272 days	-
Rotation tangible assets	%	-	%	-	246,28%	568,92%	-

Profitability of the business

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading	36,23%	3,6%	34,97%	7,6%	32,49	13,17%	175,1%
Profitability of the business	-9,84	39,9%	-16,36	-301,0%	-4,08	4,91%	-300,4%
Net profit	-8,88%	60,0%	-22,20%	-389,4%	7,67%	1,63%	-644,8%
More ratios
Growth rate of turnover (excluding VAT)	18,87%	177,4%	-24,39%	-437,8%	7,22%	5,19%	263,6%
Rates integration	17,27%	5,6%	16,36%	-28,4%	22,85%	29,85%	-42,1%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	144,53%	-20,7%	182,23%	70,4%	106,94%	83,65%	72,8%
Weight interests	2,12	-75,0%	8,49%	242,3%	2,48%	0,60%	253,3%

Return on capital

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability	-0,50%	89,6%	-4,82%	-147,8%	10,08%	4,61%	-110,8%
Rates of economic profitability	-14%	22,2%	-18%	-350,0%	-4%	9,50%	-247,4%
Financial profitability	59939630%	-20,0%	74941283%	-29,7%	106610168%	502297%	11833,1%
Return on investment	-9,79%	33,4%	-14,71%	-250,3%	9,79%	5,04%	-294,2%

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	167 534 787	18,9%	140 941 957	-24,4%	186 404 789	1 250 650 €	13295,8%

Sales of goods	85 706 540	18,8%	72 129 095	-18,4%	88 431 304
- Purchase of goods	24 059 539	23,2%	19 532 349	-27,3%	26 884 511
+/- Stock of goods variation	948 596	-71,3%	3 310 374	238,7%	977 470
Trading margin	60 698 405 €	23,2%	49 286 372 €	-18,6%	60 569 323 €	209 359 €	28892,5%
	36,23 % CA	3,6%	34,97 % CA	7,6%	32,49 % CA	14,97 % CA	142,0%

Sale of goods produced	81 828 247	18,9%	68 812 862	-29,8%	97 973 484
+/- Stocked production	5 280 126	162,6%	-8 436 926	-8623,9%	98 980
+ Self-constructed assets	0	0%	0	0%	0
Period production	87 108 373 €	44,3%	60 375 936 €	-38,4%	98 072 464 €	421 903 €	20546,5%
	51,99 % CA	21,4%	42,84 % CA	-18,6%	52,61 % CA	66,29 % CA	-21,6%

Trading margin	60 698 405	23,2%	49 286 372	-18,6%	60 569 323	209 359	28892,5%
+ Period Production	87 108 373	44,3%	60 375 936	-38,4%	98 072 464	421 903	20546,5%
- Purchase of raw materials	63 629 408	76,9%	35 970 155	-40,2%	60 111 428
+/- Change in stocks of raw materiels	-306 569	-125,8%	1 187 510	285,6%	-639 907
- Other external purchases and charges	55 555 657	12,4%	49 440 510	-12,6%	56 570 969
Added value	28 928 282 €	25,4%	23 064 133 €	-45,9%	42 599 297 €	331 622 €	8623,3%
	17,27 % CA	5,6%	16,36 % CA	-28,4%	22,85 % CA	29,85 % CA	-42,1%

Added value	28 928 282 €	25,4%	23 064 133 €	-45,9%	42 599 297 €	331 622 €	8623,3%
+ Operating grants	900	-77,9%	4 079	0%	0
- Tax, duty and similar payments	3 597 637	-12,1%	4 094 148	-11,9%	4 648 123
- Personal charges	41 809 713	-0,5%	42 030 348	-7,7%	45 556 417
Gross operating surplus	-16 478 168 €	28,5%	-23 056 284 €	-203,2%	-7 605 243 €	25 445,50 €	-64858,7%
	-9,84 % CA	39,9%	-16,36 % CA	-301,0%	-4,08 % CA	4,91 % CA	-300,4%

Gross operating surplus	-16 478 168 €	28,5%	-23 056 284 €	-203,2%	-7 605 243 €	25 445,50 €	-64858,7%
+ Release of reserves and provisions	8 821 335	57,5%	5 599 511	14,0%	4 909 895
+ Other operating income	15 457 653	28,3%	12 044 993	-28,4%	16 811 026
- Depreciation/Amortisation	6 665 339	-7,3%	7 189 791	32,7%	5 417 324
- Other charges	9 534 497	20,9%	7 883 904	-18,6%	9 683 489
Operating result	-8 399 016 €	59,0%	-20 485 475 €	-1979,5%	-985 135 €	10 484 €	-80212,7%
	-5,01 % CA	65,5%	-14,53 % CA	-2641,5%	-0,53 % CA	1,79 % CA	-379,9%

Operating result	-8 399 016 €	59,0%	-20 485 475 €	-1979,5%	-985 135 €	10 484 €	-80212,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	6 453 611	-44,0%	11 525 798	-43,3%	20 339 015
- Financial charges	3 549 476	-70,3%	11 962 478	159,0%	4 618 115
Pre-tax result	-5 494 881 €	73,7%	-20 922 155 €	-242,0%	14 735 765 €	14 265 €	-38620,0%
	-3,28 % CA	77,9%	-14,84 % CA	-287,6%	7,91 % CA	1,38 % CA	-337,7%

Extraordinary income	7 753 866	-79,1%	37 140 661	807,9%	4 090 886	3 788	204595,5%
- Extraordinary charges	16 981 401	-66,1%	50 147 683	1131,5%	4 072 206
Extraordinary result	-9 227 535 €	29,1%	-13 007 022 €	-69730,7%	18 680 €	526,50 €	-1752718,2%
	-5,51 % CA	40,3%	-9,23 % CA	-92400%	0 % CA	0,05 % CA	-11120,0%

Pre-tax result	-5 494 881 €	73,7%	-20 922 155 €	-242,0%	14 735 765 €	14 265 €	-38620,0%
Extraordinary result	-9 227 535 €	29,1%	-13 007 022 €	-69730,7%	18 680 €	526,50 €	-1752718,2%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	153 553	105,8%	-2 634 772	-685,9%	449 697
Net result	-14 875 969 €	52,5%	-31 294 405 €	-318,8%	14 304 748 €	13 671,50 €	-108910,1%
	-8,88 % CA	60,0%	-22,20 % CA	-389,4%	7,67 % CA	1,63 % CA	-644,8%

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	14/09/2007
Status of Monitoring	No social security and tax office preferential right to date

Tax office preferential rights

Number of active preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

40600470

24/02/2006

24/07/2009

IMPOTS DES ENTREPRISES DE PANTIN

497 687 EUR

-

Reason for closure	Crossed Off
Court	Versailles
Creditor	IMPOTS DES ENTREPRISES DE PANTIN 8 RUE COURTOIS 93505, PANTIN CEDEX
Debtor	SA SAINT GOBAIN ABRASIFS* NORTON RUE DE L AMBASSADEUR 78700 CONFLANS SAINTE HONORINE

40801043

26/02/2008

16/06/2008

COMPTABLE DE LA DIRECTION DES GRANDES ENTREPRISES

382 258 EUR

-

Reason for closure	Crossed Off
Court	Versailles
Creditor	COMPTABLE DE LA DIRECTION DES GRANDES ENTREPRISES 8 RUE COURTOIS 93505, PANTIN CEDEX
Debtor	SA SAINT GOBAIN ABRASIFS* NORTON RUE DE L AMBASSADEUR 78700 CONFLANS SAINTE HONORINE

40900102

20/02/2009

06/04/2010

SIE PANTIN

154 138 EUR

-

Reason for closure	Crossed Off
Court	Versailles
Creditor	SIE PANTIN 8 RUE COURTOIS 93505, PANTIN CEDEX
Debtor	SA SAINT GOBAIN ABRASIFS* NORTON RUE DE L AMBASSADEUR 78700 CONFLANS SAINTE HONORINE

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
30/07/2012	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 9575 - 669801243 RCS. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Adresse : rue de l'Ambassadeur 78700 Conflans Sainte-Honorine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
29/04/2012	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1346 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005 Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006 Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006 Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008 Président du conseil d'administration et administrateur : MILLOT Patrick en fonction le 23 Septembre 2011 Administrateur : BAUDIER Jean-Pierre en fonction le 23 Septembre 2011 Administrateur : ARTAUD Thierry en fonction le 20 Avril 2012 Administrateur : OUATTARA Natou en fonction le 20 Avril 2012. Activité : . Commentaires : Modification de représentant.
10/04/2012	JAL	Appointment of the social representative
Semaine de l Ile-de-France (La) Date de décision : 03/04/2012 Société faisant l'objet d'une nomination : 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Nominé : Monsieur Thierry Artaud, 92200 NEUILLY SUR SEINE En la fonction de : Administrateur Nominé : Madame Natou Ouattara Saldarkhan, 75014 PARIS 14 En la fonction de : Administrateur
10/04/2012	JAL	Resignation / Revocation of the social representative
Semaine de l Ile-de-France (La) Date de décision : 03/04/2012 La société 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Fait l'objet du départ de Monsieur Patrice Amouroux, De Madame Albane Sakakini
02/10/2011	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1405 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005 Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006 Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006 Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008 Administrateur : AMOUROUX Patrice en fonction le 08 Juin 2009 Administrateur : SAKAKINI Albane en fonction le 02 Novembre 2009 Président du conseil d'administration et administrateur : MILLOT Patrick en fonction le 23 Septembre 2011 Administrateur : BAUDIER Jean-Pierre en fonction le 23 Septembre 2011. Activité : . Commentaires : Modification de représentant.
20/09/2011	JAL	Appointment of the social representative
Semaine de l'Ile-de-France (La) Société faisant l'objet d'une nomination : 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Nominé : Monsieur Patrick Millot, 78700 CONFLANS STE HONORINE En la fonction de : Président du Conseil d'Administration Nominé : Monsieur Jean-Pierre Baudier, 78700 CONFLANS STE HONORINE En la fonction de : Administrateur Nominé : Monsieur Patrick Millot, 78700 CONFLANS STE HONORINE En la fonction de : Administrateur Date d'effet : 09/09/2011
20/09/2011	JAL	Resignation / Revocation of the social representative
Semaine de l'Ile-de-France (La) Date de décision : 09/09/2011 La société 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Fait l'objet du départ de Monsieur John T Crowe Monsieur Thomas Petuaud-Létang Monsieur John T Crowe Date d'effet : 09/09/2011
13/09/2011	JAL	Appointment of the social representative
Pays Briard (Le) Société faisant l'objet d'une nomination : 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Nominé : Monsieur Patrick MILLOT, 78700 CONFLANS STE HONORINE En la fonction de : Président du Conseil d'Administration Nominé : Monsieur Jean-Pierre BAUDIER, 78700 CONFLANS STE HONORINE En la fonction de : Administrateur Nominé : Monsieur Patrick MILLOT, 78700 CONFLANS STE HONORINE En la fonction de : Administrateur Date d'effet : 09/09/2011
13/09/2011	JAL	Resignation / Revocation of the social representative
Pays Briard (Le) Date de décision : 09/09/2011 La société 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Fait l'objet du départ de Monsieur John T CROWE Monsieur Thomas PETUAUD-LÉTANG Monsieur John T CROWE Date d'effet : 09/09/2011
19/06/2011	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1057 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005 Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006 Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006 Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008 Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008 Administrateur : AMOUROUX Patrice en fonction le 08 Juin 2009 Administrateur : SAKAKINI Albane en fonction le 02 Novembre 2009 Administrateur : PETUAUD-LETANG Thomas en fonction le 09 Juin 2011. Activité : . Commentaires : Modification de représentant.
01/06/2011	JAL	Appointment of the social representative
Toutes les nouvelles Société faisant l'objet d'une nomination : 669801243 - SAINT-GOBAIN ABRASIFS, RUE DE L AMBASSADEUR, BP 8, 78700 CONFLANS SAINTE HONORINE Nominé : Monsieur Thomas PETUAUD-LETANG, 11 Rue de Metz, 54000 NANCY En la fonction de : Administrateur Date d'effet : 20/05/2011
15/04/2011	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1827 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005 Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006 Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006 Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008 Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008 Administrateur : AMOUROUX Patrice en fonction le 08 Juin 2009 Administrateur : SAKAKINI Albane en fonction le 02 Novembre 2009. Activité : . Commentaires : Modification de représentant.
21/06/2010	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 8813 - 669801243 RCS. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Adresse : rue de l'Ambassadeur 78700 Conflans Sainte-Honorine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
26/11/2009	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 5369 - 669801243 RCS. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Adresse : rue de l'Ambassadeur 78700 Conflans Sainte-Honorine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
11/11/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2096 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005 Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006 Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006 Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008 Administrateur : VRECKO Marc en fonction le 08 Septembre 2008 Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008 Administrateur : AMOUROUX Patrice en fonction le 08 Juin 2009 Administrateur : SAKAKINI Albane en fonction le 02 Novembre 2009. Commentaires : Modification de représentant.
16/06/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1638 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005. Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006. Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006. Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008. Administrateur : VRECKO Marc en fonction le 08 Septembre 2008. Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008. Administrateur : GENY Delphine en fonction le 08 Janvier 2009. Administrateur : AMOUROUX Patrice en fonction le 08 Juin 2009. Commentaires : Modification de représentant.
21/01/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1371 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005. Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006. Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006. Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008. Administrateur : VRECKO Marc en fonction le 08 Septembre 2008. Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008. Commentaires : Modification de représentant.
21/01/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1372 - 669 801 243 RCS Versailles. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Administration : Administrateur : DUVAL Olivier en fonction le 21 Novembre 2005. Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT en fonction le 30 Mai 2006. Commissaire aux comptes suppléant : BORIS Etienne en fonction le 12 Juillet 2006. Président du conseil d'administration et administrateur : CROWE John Thomas modification le 12 Septembre 2008. Administrateur : VRECKO Marc en fonction le 08 Septembre 2008. Administrateur : CHUPIN Marie Armelle en fonction le 08 Septembre 2008. Administrateur : GENY Delphine en fonction le 08 Janvier 2009. Commentaires : Modification de représentant.
12/07/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 8071 - 669801243 RCS. SAINT-GOBAIN ABRASIFS. Forme : Société anonyme. Adresse : rue de l'Ambassadeur 78700 Conflans Sainte-Honorine. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
25/07/2007	Bodacc B	Modifications et mutations diverses
2048 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GEZA (Denes, Americo).
24/07/2007	Bodacc B	Modifications et mutations diverses
2309 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : TERRASINI (Gaetano).
10/07/2007	Bodacc C	Avis de dépôt des comptes
7178 - 669 801 243. RCS Versailles SAINT-GOBAIN ABRASIFS. Forme: Société anonyme. Adresse du siège social: rue de l'Ambassadeur 78700 Conflans Sainte-Honorine. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
11/08/2006	Bodacc B	Modifications et mutations diverses
2706 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : ROMEI (Joël). Nomination d'un commissaire aux comptes suppléant : BORIS (Etienne).
21/07/2006	Bodacc C	Avis de dépôt des comptes
2133 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT GOBAIN ABRASIFS. Forme: S.A. Adresse du siège social: rue de l Ambassadeur,78700 Conflans-Sainte-Honorine. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
21/06/2006	Bodacc B	Modifications et mutations diverses
1861 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : BEFEC-PRICE WATERHOUSE. Modification du président du conseil d'administration et administrateur : SCOTTI (Gianni). Modification d'un administrateur : GEZA DENES (Americo). Nomination d'un commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT.
04/12/2005	Bodacc B	Modifications et mutations diverses
1387 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : ELIOT (Pierre) VILLOUTREIX (Frédéric). Nomination d'administrateurs : MICHELETTI (Patrick) DUVAL (Olivier).
02/11/2005	Bodacc B	Modifications et mutations diverses
1667 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GUILLOT (Laurent). Nomination d'un administrateur : DI PRIZIO (Joseph).
24/07/2005	Bodacc C	Avis de dépôt des comptes
3401 - RCS Versailles B 669 801 243. RC 66-B 124. SAINT GOBAIN ABRASIFS. Forme: S.A. Adresse du siège social: rue de l Ambassadeur,78700 Conflans-Sainte-Honorine. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
01/10/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : STATILE ( Robert) RUIZ OSTA (Pedro). Nomination d'administrateurs : GUILLOT (Laurent) VILLOUTREIX (Frédéric).
03/09/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : DESLANDES ( Claude, André, Marcel). Nomination d'un administrateur : TERRASINI (Gaetano).
25/06/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : LIONET (Jérome) . Nomination d'un administrateur : RUIZ (Osta, Pedro).
13/04/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et administrateur partant : COLAS ( Gilles, François, Marie). Administrateur partant : BAZIN (Benoit). Modification du président du conseil d' administration et administrateur : GEZA (Denes, Americo). Nomination d' administrateurs : STATILE (Robert) ELIOT (Pierre).
26/07/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : BUFFAT ( Bernard, Louis). Nomination d'un administrateur : GEZA DENES (Americo).
28/06/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : BIONDI (Vero). Nomination d'un administrateur : BUFFAT (Bernard, Louis).
27/03/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Capital : 18 829 456 euros. Activité : fabrication de meules abrasives en tout genre de tous produits abrasifs, agglomérés, appliqués et abrasifs en général. Adresse du siège social : rue de l'Ambassadeur, 78700 Conflans-Sainte- Honorine. Commentaires : fusion- absorption des sociétés SAINT-GOBAIN WINTER et SAINT-GOBIN PRECIDIA par SAINT-GOBAIN ABRASIFS (fusion simplifiée) sans augmentation du capital par confusion de patrimoine. Date d'effet : 31 décembre 2001.
20/02/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : CALATAYUD DE RUEDA (Juan, Carlos). Nomination d'un administrateur : LIONET (Jérome).
07/09/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Capital : 18 829 456 euros. Commentaires : modification survenue sur le capital ( augmentation).
06/04/2001	Bodacc A	Création d'établissement
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Capital : 18 829 180 euros. Adresse du siège social : rue de l'Ambassadeur, 78700 Conflans-Sainte-Honorine Achat d' une partie d'activité dite < Universal > au prix stipulé de 100 000 F. Date d'effet : 2 janvier 2001. Précédent propriétaire : SAINT-GOBAIN PRECIDIA. RCS Lisieux 301223731. Oppositions : au fonds pour la validité et pour la correspondance, Saint-Gobain Abrasifs, 78702 Conflans-Sainte-Honorine.
21/02/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Capital : 18 829 180 euros. Commentaires : modification survenue sur le capital ( augmentation).
18/02/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN NORTON. Forme : S.A. Commentaires : modification survenue sur la dénomination.
18/02/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 SAINT-GOBAIN ABRASIFS. Forme : S.A. Capital : 122 799 000 F. Adresse du siège social : rue de l'Ambassadeur, 78700 Conflans-Sainte-Honorine. Commentaires : modification survenue sur la dénomination. Fusion-absorption des STES SAINT-GOBAIN DEPLANQUE et SAINT- GOBAIN CARBO ABRASIFS.
21/12/2000	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 NORTON S.A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration et administrateur partant : DECHALENDAR (Pierre-André). Nomination du président du conseil d'administration et administrateur : COLAS (Gilles, François, Marie). Administrateur partant : GASTINEL (Hervé). Nomination d'un administrateur : BAZIN (Benoit).
30/04/2000	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669801243 RC 66-B 124 NORTON S.A. Forme : S.A. Capital : 122 799 000 F. Commentaires : modification survenue sur le capital (augmentation).
06/09/1998	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669 801 243 RC 66-B 124 NORTON S.A. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : administrateur partant : COLAS (Gilles, François, Marie). Nomination d'un administrateur : GASTINEL (Hervé).
01/02/1998	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669 801 243 RC 66-B 124 NORTON S.A. Forme : S.A. Capital : 89 043 300 F. Commentaires : modification survenue sur le capital (augmentation).
05/12/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 669 801 243 RC RC 66-B 124 NORTON S.A. Forme : S.A. Activité : fabrication de meules abrasives de tous genres de tous produits abrasifs, agglomérés et appliqués et abrasifs en général, cession partielle d'activité à la Société Carbo Abrasifs S.A., cession du fonds dit Huard, à compter du 1er juillet 1997. Commentaires : modification survenue sur l'activité.
14/03/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 669 801 243 RC RC 66-B 124 NORTON S.A. Forme : S.A. Capital : 59 406 900 F. Commentaires : modification survenue sur le capital.
15/09/1996	Bodacc B	Modifications et mutations diverses
RCS Versailles B 669 801 243 RC 66-B 124 NORTON S.A. Forme : S.A. Administration : président du conseil d' administration et administrateur : DECHALENDAR (Pierre-André). Administrateurs : BIONDI (Véro) DESLANDES (Claude, André, Marcel) COLAS (Gilles, François, Marie) BESSON (Michel) CALATAYUD DE RUEDA ( Juan, Carlos). Commissaire aux comptes titulaire : CABINET PETITEAU SCACCHI ET ASSOCIES. Commissaire aux comptes suppléant : ROMEI (Joel). Commentaires : modification survenue sur l' administration.
03/05/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 669 801 243 RC RC 66-B 124 NORTON S.A. Forme : S.A. Administration : président du conseil d' administration et administrateur : DECHALENDAR (Pierre-André) Administrateurs : BIONDI (Véro) DESLANDES (Claude, André, Marcel) COLAS (Gilles, François, Marie). Commissaire aux comptes titulaire : CABINET PETITEAU SCACCHI ET ASSOCIES. Commissaire aux comptes suppléant : ROMEI (Joel). Commentaires : modification survenue sur l'administration.

Company events history

Date	Description
30/07/2012	Bodacc C : Deposit accounts notice
04/05/2012	Disengagement in other companies
04/05/2012	New parent detected
29/04/2012	Bodacc B: Various editing or changing
20/04/2012	Amendment
20/04/2012	Changes to the Board of Directors
10/04/2012	Legal Gazette: Resignation / Revocation of the social representative
03/04/2012	Legal Gazette: Appointment of the social representative
02/10/2011	Bodacc B: Various editing or changing
23/09/2011	Changes to the Board of Directors
23/09/2011	Minutes of Board meeting
23/09/2011	New chairman (CEO, CoB)
23/09/2011	Amendment
20/09/2011	Legal Gazette: Resignation / Revocation of the social representative
13/09/2011	Legal Gazette: Resignation / Revocation of the social representative
09/09/2011	Legal Gazette: Appointment of the social representative
05/09/2011	Payment incident detected
19/06/2011	Bodacc B: Various editing or changing
17/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
09/06/2011	Minutes of general meeting of shareholders
09/06/2011	Changes to the Board of Directors
20/05/2011	Legal Gazette: Appointment of the social representative
15/04/2011	Bodacc B: Various editing or changing
07/04/2011	Changes to the Board of Directors
31/12/2010	New accounts available
15/10/2010	Update of participations in other companies
15/10/2010	Disengagement in other companies
15/10/2010	New subsidiarie(s) detected
21/06/2010	Bodacc C : Deposit accounts notice
06/04/2010	Preferential right lapsed
24/02/2010	A Tax Office Preferential right lapsed
29/01/2010	Payment incident closed
31/12/2009	New accounts available
26/11/2009	Payment incident closed
26/11/2009	Bodacc C : Deposit accounts notice
11/11/2009	Bodacc B: Various editing or changing
02/11/2009	Minutes of Board meeting
02/11/2009	Amendment
02/11/2009	Changes to the Board of Directors
23/10/2009	Payment incident closed
21/09/2009	Payment incident detected
20/08/2009	Payment incident detected
24/07/2009	Preferential right lapsed
16/06/2009	Bodacc B: Various editing or changing
09/06/2009	Updated articles of association
09/06/2009	Appointment/resignation of company officers
09/06/2009	Minutes of general meeting of shareholders
09/06/2009	Changes to the Board of Directors
09/06/2009	Private document
08/06/2009	Appointment/resignation of company officers
08/06/2009	Minutes of general meeting of shareholders
08/06/2009	Amendment
08/06/2009	Private document
08/06/2009	Changes to the Board of Directors
20/02/2009	New Filling of Tax Office preferential right
20/02/2009	Unfiling of a Tax Office preferential right
30/01/2009	Payment incident closed
21/01/2009	Bodacc B: Various editing or changing
21/01/2009	New Bodacc B ads detected
08/01/2009	Appointment/resignation of company officers
08/01/2009	Minutes of Board meeting
08/01/2009	Private document
08/01/2009	Modification du Conseil d'Administration
08/01/2009	Acte modificatif
08/01/2009	Changes to the Board of Directors
31/12/2008	New accounts available
09/10/2008	Payment incident detected
08/09/2008	Changement de Président (PDG, PCA)
08/09/2008	New chairman (CEO, CoB)
08/09/2008	Modification du Conseil d'Administration
08/09/2008	Changes to the Board of Directors
08/09/2008	Private document
08/09/2008	Appointment/resignation of company officers
08/09/2008	PV d'Assemblée
08/09/2008	Minutes of general meeting of shareholders
08/09/2008	PV du Conseil d'Administration
08/09/2008	Minutes of Board meeting
08/09/2008	Acte modificatif
12/07/2008	Bodacc C : Deposit accounts notice
16/06/2008	Preferential right lapsed
26/02/2008	Unfiling of a Tax Office preferential right
26/02/2008	New Filling of Tax Office preferential right
31/12/2007	New accounts available
14/09/2007	Collection of preferential rights activated for this company
14/09/2007	Filling of Tax Office Preferential Right
04/07/2007	Changes to the Board of Directors
04/07/2007	Acte modificatif
04/07/2007	Modification du Conseil d'Administration
04/07/2007	Minutes of Board meeting
04/07/2007	PV du Conseil d'Administration
04/07/2007	Appointment/resignation of company officers
03/07/2007	Minutes of Board meeting
03/07/2007	Modification du Conseil d'Administration
03/07/2007	PV du Conseil d'Administration
03/07/2007	Changes to the Board of Directors
03/07/2007	Appointment/resignation of company officers
03/07/2007	Private document
03/07/2007	Acte modificatif
31/12/2006	New accounts available
12/07/2006	Acte sous seing privé
12/07/2006	Modification du Conseil d'Administration
12/07/2006	Changement de Commissaire aux Comptes
12/07/2006	Minutes of general meeting of shareholders
12/07/2006	Nomination/démission des organes de gestion
12/07/2006	Appointment/resignation of company officers
12/07/2006	Changes to the Board of Directors
12/07/2006	Private document
12/07/2006	PV d'Assemblée
30/05/2006	New chairman (CEO, CoB)
30/05/2006	Changement de Président (PDG, PCA)
30/05/2006	PV du Conseil d'Administration
30/05/2006	Minutes of Board meeting
30/05/2006	Nomination/démission des organes de gestion
30/05/2006	Appointment/resignation of company officers
30/05/2006	Private document
30/05/2006	Acte sous seing privé
30/05/2006	Acte modificatif
30/05/2006	Changement de Commissaire aux Comptes
30/05/2006	New auditor
24/02/2006	Unfiling of a Tax Office preferential right
31/12/2005	New accounts available
21/11/2005	Appointment/resignation of company officers
21/11/2005	Modification du Conseil d'Administration
21/11/2005	Changes to the Board of Directors
21/11/2005	Acte sous seing privé
21/11/2005	Nomination/démission des organes de gestion
21/11/2005	PV du Conseil d'Administration
21/11/2005	Minutes of Board meeting
21/11/2005	Private document
21/11/2005	Acte modificatif
11/10/2005	Private document
11/10/2005	Acte sous seing privé
11/10/2005	Modification du Conseil d'Administration
11/10/2005	Changes to the Board of Directors
11/10/2005	Minutes of Board meeting
11/10/2005	Nomination/démission des organes de gestion
11/10/2005	Appointment/resignation of company officers
11/10/2005	Acte modificatif
11/10/2005	PV du Conseil d'Administration
31/12/2004	New accounts available
20/09/2004	Acte modificatif
20/09/2004	Minutes of Board meeting
20/09/2004	Acte sous seing privé
20/09/2004	Modification du Conseil d'Administration
20/09/2004	Changes to the Board of Directors
20/09/2004	PV du Conseil d'Administration
20/09/2004	Private document
20/09/2004	Nomination/démission des organes de gestion
20/09/2004	Appointment/resignation of company officers
19/08/2004	Private document
19/08/2004	Acte sous seing privé
19/08/2004	PV d'Assemblée
19/08/2004	Minutes of general meeting of shareholders
19/08/2004	Modification du Conseil d'Administration
19/08/2004	Changes to the Board of Directors
19/08/2004	Nomination/démission des organes de gestion
19/08/2004	Appointment/resignation of company officers
31/12/2003	New accounts available
12/06/2003	PV du Conseil d'Administration
12/06/2003	Acte sous seing privé
12/06/2003	Acte modificatif
12/06/2003	Nomination/démission des organes de gestion
12/06/2003	Modification du Conseil d'Administration
02/04/2003	PV du Conseil d'Administration
02/04/2003	Acte sous seing privé
02/04/2003	Changement de Président (PDG, PCA)
02/04/2003	Acte modificatif
02/04/2003	Modification du Conseil d'Administration
02/04/2003	Nomination/démission des organes de gestion
30/01/2003	PV du Conseil d'Administration
30/01/2003	Statuts mis à jour
30/01/2003	Acte modificatif
01/01/2003	PV du Conseil d'Administration
01/01/2003	Acte sous seing privé
15/07/2002	PV d'Assemblée
15/07/2002	Modification du Conseil d'Administration
15/07/2002	Nomination/démission des organes de gestion
15/07/2002	Modification de l'objet social
15/07/2002	Acte sous seing privé
17/06/2002	Acte sous seing privé
17/06/2002	Modification du Conseil d'Administration
17/06/2002	Nomination/démission des organes de gestion
17/06/2002	Acte modificatif
17/06/2002	PV du Conseil d'Administration
14/03/2002	Statuts mis à jour
14/03/2002	Déclaration de conformité
14/03/2002	PV d'Assemblée
14/03/2002	Fusion
14/03/2002	Acte sous seing privé
17/01/2002	Acte modificatif
17/01/2002	Nomination/démission des organes de gestion
17/01/2002	Acte sous seing privé
17/01/2002	Modification du Conseil d'Administration
17/01/2002	PV du Conseil d'Administration
26/12/2001	Rapport des Commissaires ou du Gérant
26/12/2001	Acte sous seing privé
29/11/2001	Projet de Fusion
29/11/2001	Acte sous seing privé
29/11/2001	Acte modificatif
23/08/2001	Statuts mis à jour
23/08/2001	PV d'Assemblée
23/08/2001	Acte sous seing privé
23/08/2001	Conversion du Capital Social en Euros
23/08/2001	Augmentation de Capital
23/08/2001	Fusion
23/08/2001	Déclaration de conformité
03/08/2001	Requête et Ordonnance
03/08/2001	Acte modificatif
02/08/2001	Requête et Ordonnance
02/08/2001	Nomination/démission des organes de gestion
30/04/2001	Acte sous seing privé
30/04/2001	Rapport des Commissaires ou du Gérant
25/04/2001	Projet de Fusion
25/04/2001	Acte sous seing privé
06/02/2001	Nomination/démission des organes de gestion
06/02/2001	Acte modificatif
06/02/2001	Statuts mis à jour
06/02/2001	Acte sous seing privé
06/02/2001	Requête et Ordonnance
05/02/2001	Fusion
05/02/2001	Statuts mis à jour
05/02/2001	PV d'Assemblée
05/02/2001	Déclaration de conformité
05/02/2001	Acte sous seing privé
05/02/2001	Changement de dénomination sociale
02/02/2001	PV d'Assemblée
02/02/2001	Statuts mis à jour
02/02/2001	Augmentation de Capital
02/02/2001	Acte sous seing privé
02/02/2001	Conversion du Capital Social en Euros
02/02/2001	Changement de dénomination sociale
29/12/2000	Acte sous seing privé
29/12/2000	Rapport des Commissaires ou du Gérant
07/12/2000	Acte sous seing privé
07/12/2000	Modification du Conseil d'Administration
07/12/2000	Changement de Président (PDG, PCA)
07/12/2000	PV du Conseil d'Administration
07/12/2000	Nomination/démission des organes de gestion
07/12/2000	Acte modificatif
30/11/2000	Requête et Ordonnance
30/11/2000	Acte modificatif
30/11/2000	Nomination/démission des organes de gestion
28/11/2000	Acte modificatif
28/11/2000	Projet de Fusion
28/11/2000	Acte sous seing privé
07/11/2000	Nomination/démission des organes de gestion
07/11/2000	Acte modificatif
07/11/2000	Requête et Ordonnance
14/04/2000	Acte modificatif
14/04/2000	Augmentation de Capital
14/04/2000	Acte sous seing privé
14/04/2000	PV du Conseil d'Administration
14/04/2000	PV d'Assemblée
14/04/2000	Statuts mis à jour
14/04/2000	Certificat de dépôt des fonds
20/08/1998	Nomination/démission des organes de gestion
20/08/1998	Modification du Conseil d'Administration
20/08/1998	PV d'Assemblée
20/08/1998	Acte sous seing privé
19/01/1998	Rapport des Commissaires ou du Gérant
19/01/1998	Augmentation de Capital
19/01/1998	PV d'Assemblée
19/01/1998	Certificat de dépôt des fonds
19/01/1998	Acte modificatif
19/01/1998	PV du Conseil d'Administration
19/01/1998	Acte sous seing privé
19/01/1998	Statuts mis à jour
28/11/1997	Acte sous seing privé
28/11/1997	Rapport des Commissaires ou du Gérant
17/10/1997	Acte sous seing privé
17/10/1997	Acte modificatif
17/10/1997	Requête et Ordonnance
24/06/1997	Acte sous seing privé
24/06/1997	PV d'Assemblée
24/06/1997	Procuration
24/06/1997	Modification du Conseil d'Administration
24/06/1997	Changement de Commissaire aux Comptes
24/06/1997	Nomination/démission des organes de gestion
25/02/1997	Certificat de dépôt des fonds
25/02/1997	Acte sous seing privé
25/02/1997	Augmentation de Capital
25/02/1997	Acte modificatif
25/02/1997	Statuts mis à jour
25/02/1997	PV du Conseil d'Administration
25/02/1997	PV d'Assemblée
11/02/1997	PV du Conseil d'Administration
11/02/1997	Nomination/démission des organes de gestion
11/02/1997	Modification du Conseil d'Administration
11/02/1997	Acte sous seing privé
11/02/1997	Augmentation de Capital
11/02/1997	Acte modificatif
30/08/1996	PV d'Assemblée
30/08/1996	Acte modificatif
30/08/1996	Nomination/démission des organes de gestion
30/08/1996	Modification du Conseil d'Administration
18/04/1996	Nomination/démission des organes de gestion
18/04/1996	Modification du Conseil d'Administration
18/04/1996	PV du Conseil d'Administration
18/04/1996	Acte modificatif
20/07/1994	Modification du Conseil d'Administration
20/07/1994	Acte modificatif
20/07/1994	PV d'Assemblée
20/07/1994	Nomination/démission des organes de gestion
21/09/1992	Nomination/démission des organes de gestion
21/09/1992	Acte modificatif
21/09/1992	Modification du Conseil d'Administration
21/09/1992	PV d'Assemblée
15/09/1992	PV du Conseil d'Administration
15/09/1992	Déclaration de conformité
15/09/1992	PV d'Assemblée
15/09/1992	Statuts mis à jour
15/09/1992	Acte modificatif

directors

Name	M. DUVAL OLIVIER
Manager position	Administrateur	Date of birth	13/03/1948
Place of birth	NEUILLY SUR SEINE
Type	Individual	Name at birth

Name	Mme. CHUPIN MARIE ARMELLE
Manager position	Administrateur	Date of birth	24/03/1957
Place of birth	NEUILLY SUR SEINE
Type	Individual	Name at birth

Name	M. MILLOT PATRICK
Manager position	Président du conseil d'administration, Administrateur	Date of birth	10/09/1963
Place of birth	LE CREUSOT
Type	Individual	Name at birth

Name	M. BAUDIER JEAN-PIERRE
Manager position	Administrateur	Date of birth	01/06/1959
Place of birth	NANCY
Type	Individual	Name at birth

Name	M. ARTAUD THIERRY
Manager position	Administrateur	Date of birth	13/04/1972
Place of birth	PARIS
Type	Individual	Name at birth

Name	Mme. SALDARKHAN NATOU
Manager position	Administrateur	Date of birth	08/10/1975
Place of birth	ABIDJAN(COTE D'IVOIRE)
Type	Individual	Name at birth	OUATTARA

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président du conseil d'administration	M JOHN CROWE
Président du conseil d'administration	M JOHN THOMAS CROWE
Président du conseil d'administration	M JOHN THOMAS CROWE
Président du conseil d'administration	M GIANNI SCOTTI
Administrateur	M PATRICE AMOUROUX
Administrateur	M PATRICE AMOUROUX
Administrateur	M PATRICE AMOUROUX
Administrateur	MME MARIE CHUPIN
Administrateur	Mme MARIE ARMELLE CHUPIN
Administrateur	MME MARIE CHUPIN
Administrateur	M JOHN CROWE
Administrateur	M JOHN THOMAS CROWE
Administrateur	M JOHN THOMAS CROWE
Administrateur	M OLIVIER DUVAL
Administrateur	M OLIVIER DUVAL
Administrateur	MME DELPHINE GENY
Administrateur	MME DELPHINE GENY
Administrateur	M AMERICO GEZA DENES
Administrateur	M PATRICK MICHELETTI
Administrateur	M THOMAS PETUAUD-LETANG
Administrateur	Mme ALBANE SAKAKINI
Administrateur	Mme ALBANE SAKAKINI
Administrateur	M GIANNI SCOTTI
Administrateur	M MARC VRECKO
Administrateur	M MARC VRECKO

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.34
UK Pound	1	Rs.86.45
Euro	1	Rs.68.04

INFORMATION DETAILS

Report Prepared by :

PRL

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.