MIRA INFORM REPORT

Report Date :

28.01.2012

IDENTIFICATION DETAILS

Correct Name :	SOCIETE DES USINES QUIRI & CIE
Registered Office :	46 Rte De Bischwiller, 67300 Schiltigheim
Country :	France
Financials (as on) :	30.09.2010
Date of Incorporation :	September 1958
Com. Reg. No.:	RCS Strasbourg 5 588 502 906
Legal Form :	Public limited company with board of directors
Line of Business :	Manufacturer of fluid power equipment
No. of Employees :	199

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 :	1,000,000 €
Status :	Good
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
France	a2	a2

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

REGISTERED NAME & COMPANY SUMMARY

SOCIETE DES USINES QUIRI & CIE

Activity (APE)	Fabrication d'équipements hydrauliques et pneumatiques (2812Z) (Manufacture of fluid power equipment(2812Z))	Legal form	Public limited company with board of directors
Phone	03 90 20 04 51	RCS Registration	RCS Strasbourg 5 588 502 906
Fax		Share capital	1,900,000 Euros
Address	SOCIETE DES USINES QUIRI & CIE QUIRI 46 RTE DE BISCHWILLER 67300 SCHILTIGHEIM	Incorporated Date	09/1958
Nationality	France	Status	Economically active
Trading Address	6 Rue Denise Papinduttlenheim-67129 Molsheim Cedex, France

Company details

Activity (APE)	Fabrication d'équipements hydrauliques et pneumatiques (2812Z)
RCS Registration	RCS Strasbourg 5 588 502 906	Share capital	1,900,000 Euros
Registration Court	Strasbourg (67)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 8B002	EU VAT Number	FR90588502906
Incorporation Date	09/1958	Formation Date	07/1967
Deregistration Date		Last account Date	30/09/2010
Nationality	France

Establishment details

Activity (APE)	Fabrication de matériel de levage et de manutention (2822Z)	Business Pages FT®	CHAUDRONNERIE INDUSTRIELLE
Postal Address	SOCIETE DES USINES QUIRI & CIE QUIRI 46 RTE DE BISCHWILLER 67300 SCHILTIGHEIM	Trading Address	46 ROUTE DE BISCHWILLER 67300 SCHILTIGHEIM
Telephone	03 90 20 04 51
Fax

CREDIT RECOMENDATION

Current Credit Limit: 1,000,000 €

DIRECTORS/MANAGEMENT

Current Directors

2

directors

Name	M. URBAN FABRICE
Manager position	Directeur général, Président du conseil d'administration	Date of birth	06/05/1966
Place of birth	STRASBOURG
Type of manager	Individual	Name at birth of manager
Name	Mme. FROHLY VALERIE
Manager position	Administrateur	Date of birth	06/03/1964
Place of birth	STRASBOURG
Type of manager	Individual	Name at birth of manager	URBAN

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Administrateur	MME CLAIRE DUPUIS
Administrateur	M THIBAUD DUPUIS
Administrateur	M FRANCOIS FUCHS
Administrateur	M EDOUARD URBAN
Administrateur	M FABRICE URBAN

NEGATIVE INFORMATION

 Last published preferential right

This company is not under monitoring

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

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.

FINANCIAL INFORMATION

Trading to Date

09/30/2010

09/30/2009

09/30/2008

Turnover

20,264,732 €

23,694,754 €

20,959,449 €

Gross Operating Surplus

11,38 % Turnover

16,07 % Turnover

11,15 % Turnover

Net worth

12,926,005 €

11,731,331 €

10,056,549 €

Employees

100 to 199 employees

-

-

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	30/09/2010	30/09/2009	30/09/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	10/08/2011	13/07/2010	-
Activity Code	2812Z	2812Z	2812Z
Employees	0	0	131

Active account

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	3 410 735	0,2%	3 403 515	-1,7%	3 462 396	46 254,50	7273,8%
- Intangible assets	140 476	12,0%	125 401	87,3%	66 951	287,50	48761,2%
- Tangible assets	2 442 583	-8,1%	2 659 205	-6,3%	2 837 675	26 242	9207,9%
- Financial assets	827 676	33,7%	618 909	11,0%	557 770	2 853	28910,7%
Net current assets	19 814 663	2,7%	19 288 166	14,8%	16 800 836	397 399	4886,1%
- Stocks	9 867 582	10,7%	8 914 968	-8,1%	9 701 633	94 817	10307,0%
- Advanced payments	1 971	2,7%	10 800	-92,4%	142 770	0	0%
- Receivables	4 026 657	-44,4%	7 241 745	37,2%	5 277 793	191 725	2000,2%
- Securities and cash	5 918 453	89,7%	3 120 653	85,9%	1 678 640	58 641,50	9992,6%
- Prepaid expenses	-	-	-	-	-	943	-
Accounts of regularization	114 895	19,1%	96 505	129,4%	42 068	0	0%
Total Assets	23 340 293	2,4%	22 788 186	12,2%	20 305 300	494 507	4619,9%

Passive Account

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Shareholders' equity	12 926 005	10,2%	11 731 331	16,7%	10 056 549	214 486,50	5926,5%
Share capital	1 900 000	0%	1 900 000	0%	1 900 000	38 306,50	4860,0%
Other capital resources	28 889	0%	0	0%	81 670	0	0%
Risk Provisions	1 093 510	10,3%	990 975	42,1%	697 458	0	0%
Liabilities	9 290 694	-7,2%	10 006 168	6,0%	9 440 422	238 720,50	3791,9%
- Financial liabilities	1 009 914	14,7%	880 312	0,7%	874 005	38 665	2512,0%
- Advanced payments received	4 265 813	-9,3%	4 705 718	86,8%	2 518 483	0	0%
- Trade account payables	1 573 650	1,3%	1 554 104	-52,2%	3 251 478	83 174	1792,0%
- Tax and social liabilities	2 141 828	-17,3%	2 591 164	8,3%	2 393 245	78 015	2645,4%
- Other debts and fixed assets liabilities	269 563	13,0%	238 544	-44,7%	431 092	4 274,50	6206,3%
Account regularization	31 122	-15,1%	36 672	2676,1%	1 321	0	0%
Total liabilities	23 340 294	2,4%	22 788 186	12,2%	20 305 300	494 507	4619,9%

Results

Annual Accounts	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Sales of Goods	20 795 368	-12,1%	23 650 451	4,1%	22 711 152	741 078,50	2706,1%
Net turnover	20 264 732	-14,5%	23 694 754	13,1%	20 959 449	734 583	2658,7%
- of which net export turnover	7 351 516	-33,7%	11 090 916	7,5%	10 316 264	0	0%
Operating charges	18 882 232	-10,2%	21 025 747	-1,5%	21 348 260	709 453,50	2561,5%
Operating profit/loss	1 913 136	-27,1%	2 624 704	92,6%	1 362 893	32 083,50	5863,0%
Financial income	239 975	34,9%	177 829	56,2%	113 848	207,50	115550,6%
Financial charges	174 719	4,1%	167 840	-6,2%	178 942	2 307,50	7471,8%
Financial profit/loss	65 256	553,3%	9 989	115,3%	-65 094	-871,50	7587,8%
Pretax net operating income	1 978 392	-24,9%	2 634 693	103,0%	1 297 799	31 137	6253,8%
Extraordinary income	128 474	37,1%	93 721	-83,7%	576 008	932,50	13677,4%
Extraordinary charges	528 584	112,4%	248 889	-26,2%	337 108	685,50	77009,3%
Extraordinary profit/loss	-400 110	823,1%	-155 168	-165,0%	238 900	0	0%
Net result	1 122 072	-26,9%	1 533 948	71,5%	894 304	27 370,50	3999,6%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/09/2010	30/09/2009	30/09/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			30/09/2010		30/09/2009		30/09/2008
	Grand Total (I to VI)	Net	23 340 293	2,4%	22 788 186	12,2%	20 305 300
	Gross	CO	31 311 177	2,1%	30 658 979	11,8%	27 423 511
	Amortisation	1A	7 970 884	1,3%	7 870 793	10,6%	7 118 211

Non declared distributed capital (I)

		30/09/2010		30/09/2009		30/09/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	-	0

Active fixed asset (II)

			30/09/2010		30/09/2009		30/09/2008
	Total Active fixed asset (II)	Net	3 410 735	0,2%	3 403 515	-1,7%	3 462 396
	Gross	BJ	9 115 505	2,1%	8 925 443	1,4%	8 803 626
	Amortisation	BK	5 704 770	3,3%	5 521 928	3,4%	5 341 230

Intangilble fixed assets

			30/09/2010		30/09/2009		30/09/2008
	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	5 815	-40,1%	9 713	-2,3%	9 938
	Gross	AF	38 042	0%	38 042	-15,8%	45 201
	Amortisation	AG	32 227	13,8%	28 329	-19,7%	35 263
	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	123 186	29,1%	95 438	114,9%	44 413
	Gross	AJ	332 280	23,6%	268 786	30,0%	206 779
	Amortisation	AK	209 094	20,6%	173 348	6,8%	162 366
	Pre-payments and downpayments	Net	11 475	-43,3%	20 250	60,7%	12 600
	Gross	AL	11 475	-43,3%	20 250	60,7%	12 600
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	140 476	12,0%	125 401	87,3%	66 951

Tangilble fixed assets

			30/09/2010		30/09/2009		30/09/2008
	Lands	Net	1 234 298	0,2%	1 231 733	0%	1 231 733
	Gross	AN	1 474 195	0,0%	1 474 120	0%	1 474 120
	Amortisation	AO	239 897	-1,0%	242 387	0%	242 387
	Buildings	Net	344 676	-20,5%	433 499	-13,5%	501 090
	Gross	AP	2 347 051	0%	2 347 051	0%	2 347 051
	Amortisation	AQ	2 002 375	4,6%	1 913 552	3,7%	1 845 961
	Plant	Net	761 270	-10,7%	852 200	-8,2%	928 609
	Gross	AR	3 264 817	-0,3%	3 274 073	0,6%	3 255 082
	Amortisation	AS	2 503 547	3,4%	2 421 873	4,1%	2 326 473
	Other tangible fixed assets	Net	92 937	-33,4%	139 593	-20,0%	174 577
	Gross	AT	587 544	0,3%	585 903	3,3%	566 995
	Amortisation	AU	494 607	10,8%	446 310	13,7%	392 418
	Fixed assets in construction	Net	0	0%	2 180	30,9%	1 666
	Gross	AV	0	0%	2 180	30,9%	1 666
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	9 402	0%	0	0%	0
	Gross	AX	9 402	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	2 442 583		2 659 205		2 837 675

Financial assets

			30/09/2010		30/09/2009		30/09/2008
	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	429 028	108,6%	205 649	24,3%	165 416
	Gross	BD	652 051	29,9%	501 778	0%	501 778
	Amortisation	BE	223 023	-24,7%	296 129	-12,0%	336 362
	Loans	Net	339 465	-4,5%	355 532	4,3%	340 812
	Gross	BF	339 465	0%	355 532	0%	340 812
	Amortisation	BG	0		0		0
	Other financial assets	Net	59 183	2,5%	57 728	12,0%	51 542
	Gross	BH	59 183	2,5%	57 728	12,0%	51 542
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		827 676		618 909		557 770

Current Assets (III)

			30/09/2010		30/09/2009		30/09/2008
	Total Assets	Net	19 814 663	2,7%	19 288 166	14,8%	16 800 836
	Gross	CJ	22 080 777	2,1%	21 637 031	16,5%	18 577 817
	Amortisation	CK	2 266 114	-3,5%	2 348 865	32,2%	1 776 981

Stocks

			30/09/2010		30/09/2009		30/09/2008
	Raw materials	Net	2 057 838	41,6%	1 453 590	-20,7%	1 831 972
	Gross	BL	2 694 504	24,9%	2 157 990	-7,9%	2 343 587
	Amortisation	BM	636 666	-9,6%	704 400	37,7%	511 615
	Work in progress (goods)	Net	4 579 370	21,0%	3 785 839	-25,2%	5 061 385
	Gross	BN	4 579 370	21,0%	3 785 839	-25,2%	5 061 385
	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	3 230 374	-12,1%	3 675 539	30,9%	2 808 276
	Gross	BR	4 657 437	-8,7%	5 101 050	29,6%	3 935 344
	Amortisation	BS	1 427 063	0,1%	1 425 511	26,5%	1 127 068
	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	9 867 582	10,7%	8 914 968	-8,1%	9 701 633

Advance payments to suppliers

			30/09/2010		30/09/2009		30/09/2008
	Advance payments to suppliers	Net	1 971	-81,8%	10 800	-92,4%	142 770
	Gross	BV	1 971	-81,8%	10 800	-92,4%	142 770
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/09/2010		30/09/2009		30/09/2008
	Trade accounts receivable	Net	3 344 329	-51,6%	6 909 936	40,2%	4 929 295
	Gross	BX	3 546 714	-50,2%	7 128 890	40,7%	5 067 593
	Amortisation	BY	202 385	-7,6%	218 954	58,3%	138 298
	Other debtors	Net	585 085	109,6%	279 096	-3,6%	289 395
	Gross	BZ	585 085	109,6%	279 096	-3,6%	289 395
	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	3 929 414	-45,3%	7 189 032	37,8%	5 218 690

Divers

			30/09/2010		30/09/2009		30/09/2008
	Investment securities	Net	5 734 112	96,2%	2 922 882	84,1%	1 587 479
	Gross	CD	5 734 112	96,2%	2 922 882	84,1%	1 587 479
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	184 341	-6,8%	197 771	116,9%	91 161
	Gross	CF	184 341	-6,8%	197 771	116,9%	91 161
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	5 918 453	89,7%	3 120 653	85,9%	1 678 640

Prepaid expenses

			30/09/2010		30/09/2009		30/09/2008
	Prepaid expenses	Net	97 243	84,5%	52 713	-10,8%	59 103
	Gross	CH	97 243	84,5%	52 713	-10,8%	59 103
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2010		30/09/2009		30/09/2008
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	114 895	19,1%	96 505	129,4%	42 068
Gross		114 895	19,1%	96 505	-	-

References

		30/09/2010		30/09/2009		30/09/2008
Due within one year	CP	0	0%	0	0%	41 076
Due after one year	CR	0	0%	0	0%	351 278

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)

		30/09/2010		30/09/2009		30/09/2008
Grand Total (I to V)	EE	23 340 294	2,4%	22 788 186	12,2%	20 305 300

Shareholder Equity (I)

			30/09/2010		30/09/2009		30/09/2008
	Total shareholders' equity (Total I)	DL	12 926 005	10,2%	11 731 331	16,7%	10 056 549
	Equity and shareholders' equity	DA	1 900 000	0%	1 900 000	0%	1 900 000
	Issue and merger premiums	DB	848 836	0%	848 836	0%	848 836
	Revaluation differentials	DC	2 613 145	0%	2 613 145	0%	2 613 145
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	190 000	0%	190 000	0%	190 000
	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	36 529	0%	36 529	0%	36 529
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	5 104 345	43,0%	3 570 397	33,4%	2 676 093
	Profit or loss for the period	DI	1 122 072	-26,9%	1 533 948	71,5%	894 304
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	1 111 078	7,0%	1 038 476	15,7%	897 642

Other capital resources (II)

			30/09/2010		30/09/2009		30/09/2008
	Total other capital resources (Total II)	DO	28 889	0%	0	0%	81 670
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	28 889	-51,3%	59 366	-27,3%	81 670

Provisions for risks and charges (III)

			30/09/2010		30/09/2009		30/09/2008
	Total provisions for risks and charges (Total III)	DR	1 093 510	10,3%	990 975	42,1%	697 458
	Risk provisions	DP	1 077 986	10,6%	974 267	43,6%	678 232
	Reserves for charges	DQ	15 524	-7,1%	16 708	-13,1%	19 226

Liabilities (IV)

			30/09/2010		30/09/2009		30/09/2008
	Total Liabilities (Total IV)	EC	9 290 694	-7,2%	10 006 168	6,0%	9 440 422
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	467 714	-22,5%	603 543	-16,3%	721 080
	Sundry loans and financial liabilities	DV	542 200	95,9%	276 769	81,0%	152 925
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	4 265 813	-9,3%	4 705 718	86,8%	2 518 483
	Trade accounts payables	DX	1 573 650	1,3%	1 554 104	-52,2%	3 251 478
	Tax and social security liabilities	DY	2 141 828	-17,3%	2 591 164	8,3%	2 393 245
	Fixed asset liabilities	DZ	35 488	44,9%	24 493	-88,2%	208 258
	Other debts	EA	232 879	9,0%	213 705	10,4%	193 632

Translation loss (V)

		30/09/2010		30/09/2009		30/09/2008
Translation loss (Total V)	ED	1 196	245,7%	346	-98,8%	29 202

Equalization accounts

		30/09/2010		30/09/2009		30/09/2008
Deferred income	EB	31 122	-15,1%	36 672	2676,1%	1 321

References

		30/09/2010		30/09/2009		30/09/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	4 474 485	0%	0	0%	6 393 917
Of which current bank facilities	EH	6 915	0%	0	0%	24 279

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)

		30/09/2010		30/09/2009		30/09/2008
Operating result (Total I-II)	GG	1 913 136	-27,1%	2 624 704	92,6%	1 362 893

2 - Financial result (V - VI)

		30/09/2010		30/09/2009		30/09/2008
Financial result (Total V-VI)	GV	65 256	553,3%	9 989	115,3%	-65 094

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

		30/09/2010		30/09/2009		30/09/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1 978 392	-24,9%	2 634 693	103,0%	1 297 799

4 - Extraordinary result (VII-VIII)

		30/09/2010		30/09/2009		30/09/2008
Extraordinary result (Total VII-VIII)	HI	-400 110	-157,9%	-155 168	-165,0%	238 900

Profit or loss

		30/09/2010		30/09/2009		30/09/2008
Profit or loss	HN	1 122 072	-26,9%	1 533 948	71,5%	894 304

Total Income (I+III+V+VII)

		30/09/2010		30/09/2009		30/09/2008
Total Income (I+III+V+VII)	HL	21 163 817	-11,5%	23 922 001	2,2%	23 401 008

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

		30/09/2010		30/09/2009		30/09/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	20 041 746	-10,5%	22 388 055	-0,5%	22 506 705

Operating income (I)

		30/09/2010		30/09/2009		30/09/2008
Total operating income (Total I)	FR	20 795 368	-12,1%	23 650 451	4,1%	22 711 152

Operating income (details)

			30/09/2010		30/09/2009		30/09/2008
	Sale of goods for resale	FC	0	0%	0	0%	0
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	20 138 220	-14,5%	23 554 660	13,1%	20 825 602
	France	FD	12 786 704	2,6%	12 463 744	18,6%	10 509 339
	Export	FE	7 351 516	-33,7%	11 090 916	7,5%	10 316 264
	Sale of services	FI	126 512	-9,7%	140 094	4,7%	133 846
	France	FG	126 512	-9,7%	140 094	4,7%	133 846
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	20 264 732	-14,5%	23 694 754	13,1%	20 959 449
	France	FJ	12 913 216	2,5%	12 603 838	18,4%	10 643 185
	Export	FK	7 351 516	-33,7%	11 090 916	7,5%	10 316 264
	Stocked production	FM	349 919	418,6%	-109 842	-106,8%	1 614 407
	Self-constructed assets	FN	1 334	159,5%	514	200,6%	171
	Operating grants	FO	2 557	-51,3%	5 250	156,1%	2 050
	Release of reserves and provisions	FP	140 525	389,6%	28 703	-76,1%	120 217
	Other income	FQ	36 301	16,8%	31 072	109,1%	14 859

Operating charges (II)

		30/09/2010		30/09/2009		30/09/2008
Total operating charges (Total II)	GF	18 882 232	-10,2%	21 025 747	-1,5%	21 348 260

Exploitation charges

		30/09/2010		30/09/2009		30/09/2008
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	7 361 445	-8,8%	8 070 215	-8,4%	8 806 465
Change in stocks of raw materials	FV	-536 514	-389,1%	185 597	846,4%	-24 864
Other external purchases and charges	FW	4 419 189	-5,2%	4 662 843	-1,7%	4 743 842
Tax, duty and similar payments	FX	423 272	1,0%	419 041	5,2%	398 417
Payroll	FY	4 779 061	3,2%	4 632 218	2,1%	4 538 768
Social security costs	FZ	1 865 873	2,9%	1 813 364	2,1%	1 775 635

Depreciation

		30/09/2010		30/09/2009		30/09/2008
Depreciation of fixed assets	GA	344 922	14,0%	302 678	3,7%	292 012
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	40 236	-93,3%	598 068	128,6%	261 661
Provisions for risks and charges	GD	99 074	-58,3%	237 651	-45,9%	439 260

Other charges

		30/09/2010		30/09/2009		30/09/2008
Other charges	GE	85 674	-17,7%	104 072	-11,1%	117 064

Operating charges (III-IV)

		30/09/2010		30/09/2009		30/09/2008
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)

			30/09/2010		30/09/2009		30/09/2008
	Total financial income (Total V)	GP	239 975	34,9%	177 829	56,2%	113 848
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	1 803	-15,7%	2 139	2,9%	2 079
	Other interest and similar income	GL	58 461	-0,2%	58 555	-14,8%	68 752
	Released provisions and transferred charges	GM	169 611	78,1%	95 229	175,9%	34 519
	Exchange gains	GN	229	1426,7%	15	-99,7%	4 644
	Net income from disposal of investment securities	GO	9 871	-54,9%	21 891	468,0%	3 854

Financial Charge (VI)

			30/09/2010		30/09/2009		30/09/2008
	Total financial charge (Total VI)	GU	174 719	4,1%	167 840	-6,2%	178 942
	Financial reserves and provisions	GQ	114 895	5,0%	109 435	86,3%	58 748
	Interest and similar charges	GR	43 945	-24,4%	58 163	-51,4%	119 680
	Exchange losses	GS	15 879	6461,6%	242	-52,9%	514
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

			30/09/2010		30/09/2009		30/09/2008
	Total extraordinary income (Total VII)	HD	128 474	37,1%	93 721	-83,7%	576 008
	Extraordinary operating income	HA	90 829	56,0%	58 242	-57,8%	137 880
	Extraordinary income from capital transactions	HB	1 500	1400%	100	-99,7%	31 424
	Released provisions and transferred charges	HC	36 145	2,2%	35 379	-91,3%	406 705

Extraordinary charges (VIII)

			30/09/2010		30/09/2009		30/09/2008
	Total extraordinary charges (Total VIII)	HH	528 584	112,4%	248 889	-26,2%	337 108
	Extraordinary operating charges	HE	395 000	558,3%	60 000	-41,2%	102 000
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	133 584	-29,3%	188 889	-19,7%	235 108

Employee profit sharing (IX)

		30/09/2010		30/09/2009		30/09/2008
Employee profit sharing (Total IX)	HJ	95 575	-60,6%	242 695	66,1%	146 140

Tax on profits (X)

		30/09/2010		30/09/2009		30/09/2008
Tax on profits (Total X)	HK	360 636	-48,7%	702 884	41,6%	496 255

References

		30/09/2010		30/09/2009		30/09/2008
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%	31 743
Of which royalties on licences and patents (charges)	A4	61 820	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)

			30/09/2010		30/09/2009		30/09/2008
	Gross value at begin of period	OG	0	0%	0	0%	8 667 670
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	630 605
	Decreasess by budget item transfer	OK1	10 955	0%	0	0%	114 240
	Decreasess by transfers	OK2	188 927	0%	0	0%	380 409
	Gross value at the end of period	OL	9 115 505	0%	0	0%	8 803 626

Research and development Charge (Total I)

			30/09/2010		30/09/2009		30/09/2008
	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)

			30/09/2010		30/09/2009		30/09/2008
	Gross value at begin of period	KD	327 078	0%	0	0%	252 899
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	64 180	0%	0	0%	30 218
	Decreasess by budget item transfer	LV1	8 775	0%	0	0%	0
	Decreasess by transfers	LV2	686	0%	0	0%	18 537
	Gross value at the end of period	LW	381 797	0%	0	0%	264 580

Tangible fixed assets (Total III)

			30/09/2010		30/09/2009		30/09/2008
	Gross value at begin of period	LN	7 683 327	0%	0	0%	7 508 628
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	112 376	0%	0	0%	546 738
	Decreasess by budget item transfer	NG1	2 180	0%	0	0%	114 240
	Decreasess by transfers	NG2	110 515	0%	0	0%	296 211
	Gross value at the end of period	NH	7 683 008	0%	0	0%	7 644 914

Fiancial assets (Total IV)

			30/09/2010		30/09/2009		30/09/2008
	Gross value at begin of period	LQ	915 038	0%	0	0%	906 143
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	213 388	0%	0	0%	53 649
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	77 726	0%	0	0%	65 660
	Gross value at the end of period	NK	1 050 700	0%	0	0%	894 132

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

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	4 743 965
Increases		0P	0	0%	0	0%	292 012
Decreasess		0Q	0	0%	0	0%	270 768
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	4 765 209

Research and development charge (Total I)

			30/09/2010		30/09/2009		30/09/2008
	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)

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	PE	201 677	0%	0	0%	189 184
Increases		PF	40 330	0%	0	0%	26 888
Decreasess		PG	686	0%	0	0%	18 443
	Decreasess by budget item transfer	PH	241 321	0%	0	0%	197 629

Total fixed assets amotisation (Total III)

			30/09/2010		30/09/2009		30/09/2008
	Reserve for depreciation value at begin of period	QU	4 784 465	0%	0	0%	4 554 782
Increases		QV	304 592	0%	0	0%	265 124
Decreases		QW	88 289	0%	0	0%	252 325
	Decreasess by budget item transfer	QX	5 000 768	0%	0	0%	4 567 581

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

			30/09/2010		30/09/2009		30/09/2008
	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

			30/09/2010		30/09/2009		30/09/2008
	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)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	7C	4 914 103	0%	0	0%	3 556 366
Increases		UB	365 562	0%	0	0%	950 796
Decreases		UC	346 280	0%	0	0%	559 060
	Value at the end of period	UD	4 933 385	0%	0	0%	3 948 102

Includes Total allocations

Operating	UE	139 309	0%	0	0%	700 921
Financial	UG	114 895	0%	0	0%	58 748
Exceptional	UJ	111 358	0%	0	0%	191 127

Includes Total Withdrawal

Operating	UF	140 525	0%	0	0%	117 836
Financial	UH	169 611	0%	0	0%	34 519
Exceptional	UK	36 145	0%	0	0%	106 705

Total regulated provisions (Total I)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	3Z	1 038 476	0%	0	0%	742 267
Increases		TS	108 748	0%	0	0%	184 406
Decreases		TT	36 145	0%	0	0%	29 031
	Value at the end of period	TU	1 111 079	0%	0	0%	897 642

Total risk and charge provisions (Total II)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	5Z	990 974	0%	0	0%	607 554
Increases		TV	216 579	0%	0	0%	488 049
Decreases		TW	114 044	0%	0	0%	398 145
	Value at the end of period	TX	1 093 509	0%	0	0%	697 458

Total Provision for depreciation (Total III)

			30/09/2010		30/09/2009		30/09/2008
	Value at begining of period	7B	2 884 653	0%	0	0%	2 206 545
Increases		TY	40 235	0%	0	0%	278 341
Decreases		TZ	196 091	0%	0	0%	131 884
	Value at the end of period	UA	2 728 797	0%	0	0%	2 353 001

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

		30/09/2010		30/09/2009		30/09/2008
Gross value	VT	4 627 692	0%	0	0%	5 808 446
1 year at most	VU	4 063 534	0%	0	0%	5 183 966
More than one year	VV	564 158	0%	0	0%	624 479

State of loans

		30/09/2010		30/09/2009		30/09/2008
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	340 921	0%	0	0%	340 812
Loans (1 year at most)	UR	66 788	0%	0	0%	41 076
Other financial assets (gross)	UT	57 728	0%	0	0%	51 542
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/09/2010		30/09/2009		30/09/2008
Customers doubtful or disputed	VA	219 988	0%	0	0%	162 201
Other claims customer	UX	3 326 726	0%	0	0%	4 905 392
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	5 934	0%	0	0%	6 496
Social Security and other social organizations	UZ	4 412	0%	0	0%	1 958
Income taxes	VM	398 651	0%	0	0%	0
Value added tax	VB	122 502	0%	0	0%	140 155
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	26 786	0%	0	0%	112 073
Accounts receivable (including claims relating to the operation of pension titles)	VR	26 801	0%	0	0%	28 714

Prepaid

		30/09/2010		30/09/2009		30/09/2008
Prepaid	VS	97 243	0%	0	0%	59 103

State Debt

			30/09/2010		30/09/2009		30/09/2008
	Total debt (gross)	VY	5 024 882	0%	0	0%	6 921 939
1 year at most		VZ2	4 474 489	0%	0	0%	6 399 477
More than 1 year and 5 years at most		VZ3	520 393	0%	0	0%	522 462
More than 5 years		VZ4	30 000	0%	0	0%	0

Details

			30/09/2010		30/09/2009		30/09/2008
	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	7 360	0%	0	0%	25 333
1 year at most		VG2	7 360	0%	0	0%	25 333
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	460 355	0%	0	0%	695 746
1 year at most		VH2	190 971	0%	0	0%	222 017
More than 1 year and 5 years at most		VH3	269 384	0%	0	0%	473 729
	Loans and various financial liabilities (gross)	8A1	324 844	0%	0	0%	48 733
1 year at most		8A2	43 835	0%	0	0%	0
More than 1 year and 5 years at most		8A3	251 009	0%	0	0%	48 733
	Suppliers and associated accounts (gross)	8B1	1 573 650	0%	0	0%	3 251 478
1 year at most		8B2	1 573 650	0%	0	0%	3 251 478
More than 1 year and 5 years at most		8B3	1 573 650	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	1 186 268	0%	0	0%	1 123 755
1 year at most		8C2	1 186 268	0%	0	0%	1 123 755
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	889 828	0%	0	0%	818 566
1 year at most		8D2	889 828	0%	0	0%	818 566
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	364 134
1 year at most		8E2	0	0%	0	0%	364 134
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
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	65 732	0%	0	0%	86 790
1 year at most		VQ2	0	0%	0	0%	86 790
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	35 488	0%	0	0%	208 258
1 year at most		8J2	35 488	0%	0	0%	208 258
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	217 356	0%	0	0%	104 193
1 year at most		VI2	217 356	0%	0	0%	104 193
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	232 879	0%	0	0%	193 632
1 year at most		8K2	232 879	0%	0	0%	193 632
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	31 122	0%	0	0%	1 321
1 year at most		8L2	31 122	0%	0	0%	1 321
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/09/2010		30/09/2009		30/09/2008
Loans made during the period	VJ	84 164	0%	0	0%	448 001
Debt repaid during the period	VK	287 605	0%	0	0%	303 887

Table allocation results and other information
Dividends distributed

		30/09/2010		30/09/2009		30/09/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2010		30/09/2009		30/09/2008
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

		30/09/2010		30/09/2009		30/09/2008
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

		30/09/2010		30/09/2009		30/09/2008
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

		30/09/2010		30/09/2009		30/09/2008
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

		30/09/2010		30/09/2009		30/09/2008
Average number of employees	YP	0	0%	0	0%	131

Groups and Shareholders

		30/09/2010		30/09/2009		30/09/2008
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

		30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Fixed Asset Financing		2,28	6,5%	2,14	10,9%	1,93	2,35	-3,0%
Global Debt		165 days	8,6%	152 days	-6,2%	162 days	108 days	52,8%
Working Capital Fund overall net		207 days	33,5%	155 days	9,9%	141 days	102 days	102,9%
Financial independence		2763,66%	42,2%	1943,74%	39,4%	1394,65%	560,22%	393,3%
More ratios
Solvability		55,50%	7,8%	51,48%	3,1%	49,93%	46,14%	20,3%
Capacity debt futures		6517,39%	-	%	-	4065,72%	1491,82%	336,9%
Coverage of current assets by net working capital overall		42%	0,9%	41,62%	1,8%	40,90%	49,85%	-15,7%
General Liquidity		0,91	-		-	0,81	0,95	-4,2%
Restricted Liquidity		2,23	-		-	1,07	1,33	67,7%

Management or rotation

		30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Need background in operating working capital		99 days	-7,5%	107 days	-4,5%	112 days	60 days	65,0%
Treasury		105 days	123,4%	47 days	67,9%	28 days	15 days	600%
Inventory turnover of goods		days	-	days	-	days	99 days	-
Average length of credit granted to customers		63 days	-41,7%	108 days	24,1%	87 days	78 days	-19,2%
Average length of credit obtained suppliers		50 days	16,3%	43 days	-50,6%	87 days	68 days	-26,5%
More ratios
Inventory turnover of raw materials in industrial enterprises		132 days	37,5%	96 days	0%	96 days	45,50 days	190,1%
Inventory turnover of intermediate and finished products in the industrial enterprise		264 days	-	days	-	274 days	487,50 days	-45,8%
Rotation tangible assets		263,76%	-	%	-	274,16%	644,32%	-59,1%

Profitability of the business

		30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Margin trading		0%	0%	0%	0%	0	2,71%	0%
Profitability of the business		11,38	-29,2%	16,07	44,1%	11,15	5,97%	90,6%
Net profit		5,54%	-14,4%	6,47%	51,5%	4,27%	3,89%	42,4%
More ratios
Growth rate of turnover (excluding VAT)		-14,48%	-211,0%	13,05%	-52,6%	27,52%	2,04%	-809,8%
Rates integration		46,25%	2,7%	45,02%	4,3%	43,17%	39,30%	17,7%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		70,90%	17,3%	60,43%	-13,4%	69,78%	76,59%	-7,4%
Weight interests		0,86	21,1%	0,71%	-16,5%	0,85%	0,38%	126,3%

Return on capital

		30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Cash flow from the overall profitability		6,75%	-25,1%	9,01%	58,6%	5,68%	5,47%	23,4%
Rates of economic profitability		17%	-43,3%	30%	42,9%	21%	16%	6,2%
Financial profitability		12954894%	10,4%	11731331%	15,7%	10138219%	195210,50%	6536,4%
Return on investment		9,29%	-31,1%	13,49%	38,4%	9,75%	11,44%	-18,8%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2010		30/09/2009		30/09/2008	Sector Median 2010
Turnover	20 264 732	-14,5%	23 694 754	13,1%	20 959 449	734 583 €	2658,7%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	12 889,50 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	4,90 % CA	0%

Sale of goods produced	20 264 732	-14,5%	23 694 754	13,1%	20 959 448
+/- Stocked production	349 919	418,6%	-109 842	-106,8%	1 614 407
+ Self-constructed assets	1 334	159,5%	514	200,6%	171
Period production	20 615 985 €	-12,6%	23 585 426 €	4,5%	22 574 026 €	354 606,50 €	5713,8%
	101,73 % CA	2,2%	99,54 % CA	-7,6%	107,70 % CA	90,17 % CA	12,8%

Trading margin	0	0%	0	0%	0	12 889,50	0%
+ Period Production	20 615 985	-12,6%	23 585 426	4,5%	22 574 026	354 606,50	5713,8%
- Purchase of raw materials	7 361 445	-8,8%	8 070 215	-8,4%	8 806 465
+/- Change in stocks of raw materiels	-536 514	-389,1%	185 597	846,4%	-24 864
- Other external purchases and charges	4 419 189	-5,2%	4 662 843	-1,7%	4 743 842
Added value	9 371 865 €	-12,1%	10 666 771 €	17,9%	9 048 583 €	309 815 €	2925,0%
	46,25 % CA	2,7%	45,02 % CA	4,3%	43,17 % CA	39,30 % CA	17,7%

Added value	9 371 865 €	-12,1%	10 666 771 €	17,9%	9 048 583 €	309 815 €	2925,0%
+ Operating grants	2 557	-51,3%	5 250	156,1%	2 050
- Tax, duty and similar payments	423 272	1,0%	419 041	5,2%	398 417
- Personal charges	6 644 934	3,1%	6 445 582	2,1%	6 314 403
Gross operating surplus	2 306 216 €	-39,4%	3 807 398 €	62,9%	2 337 813 €	39 403 €	5752,9%
	11,38 % CA	-29,2%	16,07 % CA	44,1%	11,15 % CA	5,97 % CA	90,6%

Gross operating surplus	2 306 216 €	-39,4%	3 807 398 €	62,9%	2 337 813 €	39 403 €	5752,9%
+ Release of reserves and provisions	140 525	389,6%	28 703	-76,1%	120 217
+ Other operating income	36 301	16,8%	31 072	109,1%	14 859
- Depreciation/Amortisation	484 232	-57,5%	1 138 397	14,6%	992 933
- Other charges	85 674	-17,7%	104 072	-11,1%	117 064
Operating result	1 913 136 €	-27,1%	2 624 704 €	92,6%	1 362 892 €	32 084 €	5862,9%
	9,44 % CA	-14,8%	11,08 % CA	70,5%	6,50 % CA	4,64 % CA	103,4%

Operating result	1 913 136 €	-27,1%	2 624 704 €	92,6%	1 362 892 €	32 084 €	5862,9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	239 975	34,9%	177 829	56,2%	113 848
- Financial charges	174 719	4,1%	167 840	-6,2%	178 942
Pre-tax result	1 978 392 €	-24,9%	2 634 693 €	103,0%	1 297 798 €	31 137 €	6253,8%
	9,76 % CA	-12,2%	11,12 % CA	79,6%	6,19 % CA	4,64 % CA	110,3%

Extraordinary income	128 474	37,1%	93 721	-83,7%	576 008	932,50	13677,4%
- Extraordinary charges	528 584	112,4%	248 889	-26,2%	337 108
Extraordinary result	-400 110 €	-157,9%	-155 168 €	-165,0%	238 900 €	0 €	0%
	-1,97 % CA	-203,1%	-0,65 % CA	-157,0%	1 % CA	0 % CA	0%

Pre-tax result	1 978 392 €	-24,9%	2 634 693 €	103,0%	1 297 798 €	31 137 €	6253,8%
Extraordinary result	-400 110 €	-157,9%	-155 168 €	-165,0%	238 900 €	0 €	0%
- Employee profit sharing	95 575	-60,6%	242 695	66,1%	146 140
- Tax on profits	360 636	-48,7%	702 884	41,6%	496 255
Net result	1 122 071 €	-26,9%	1 533 946 €	71,5%	894 303 €	27 373,50 €	3999,1%
	5,54 % CA	-14,4%	6,47 % CA	51,5%	4,27 % CA	3,89 % CA	42,4%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trends
Profitability
Liquidity
Net worth

Type	Head office		Status		Economically active
Formation Date			Reason for formation
Closure Date			Reason for closure
Reactivation Date			Production Role
Activity Nature	-		Activity Location		Other
Location surface			Seasonality
Department		Bas-Rhin (67)		Region		Alsace
District		6		Area		22
City		SCHILTIGHEIM		Size of urban area		Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	2 branch entities in this company
Head office	> SOCIETE DES USINES QUIRI & CIE <<<  - Fabrication d'équipements hydrauliques et pneumatiques (2812Z)  in SCHILTIGHEIM  (67300)
Secondary establishments	>  SOCIETE DES USINES QUIRI & CIE  - Fabrication d'équipements hydrauliques et pneumatiques (2812Z)  in DUTTLENHEIM  (67120)
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

20 to 49 employees

Company workforce

100 to 199 employees

Status history

Date	Description

No Status HistoryRecent publications in Gazettes

Publication date	Gazette Name	Description
30/09/2011	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 2892 - 588502906 RCS. SOCIETE DES USINES QUIRI ET Cie. Forme : S.A. Adresse : 46, route de Bischwiller, 67300 Schiltigheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
07/09/2011	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1268 - 588 502 906 RCS Strasbourg. SOCIETE DES USINES QUIRI ET CIE. Forme : S.A. Administration : président du conseil d'administration et directeur général : URBAN (Fabrice), administrateurs : GIROD, née URBAN (Micheline), URBAN, née WILD (Sabine), FUCHS (François), DUPUIS (Thibaud), DUPUIS, née GIROD (Claire), FROHLY, née URBAN (Valérie), commissaire aux comptes titulaire : FIBA (SA), commissaire aux comptes suppléant : GROUPE FIBA (SA). Activité : . Commentaires : modification survenue sur l'administration.
12/08/2010	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 3251 - 588502906 RCS. SOCIETE DES USINES QUIRI ET Cie. Forme : S.A. Adresse : 46, route de Bischwiller, 67300 Schiltigheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
16/06/2009	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 2837 - 588502906 RCS. SOCIETE DES USINES QUIRI ET Cie. Forme : S.A. Adresse : 46, route de Bischwiller, 67300 Schiltigheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
25/06/2008	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1791 - 588 502 906 RCS Strasbourg. SOCIETE DES USINES QUIRI ET CIE. Forme : S.A. Administration : changement d'administrateur : partant : URBAN Edouard avec effet au 15/11/2007 ; nouveau : URBAN épouse FROHLY Valérie. Capital : 1900000 EUR. Activité : non précisée. Adresse du siège social : 46 route de Bischwiller, 67300 Schiltigheim. Commentaires : changement d'administrateur ; date d'effet : 15/03/2008.
24/07/2007	Bodacc B	Modifications et mutations diverses
1700 - RCS Strasbourg 588 502 906. RC 58-B 290. SOCIETE DES USINES QUIRI ET Cie. Forme : S.A. Capital : 1 900 000 euros. Adresse du siège social : 46 route de Bischwiller,, 67300 Administration : ancien président du conseil d'administration et directeur général : URBAN (Edouard), qui reste administrateur. Nouveau président du conseil d'administration et directeur général : URBAN (Fabrice), ancien directeur général délégué. Date d'effet : 17 mars 2007.
12/06/2007	Bodacc C	Avis de dépôt des comptes
2482 - RCS Strasbourg B 588 502 906. RC 58-B 290. SOCIETE DES USINES QUIRI ET Cie. Forme: S.A. Adresse du siège social: 46, route de Bischwiller,67300 Schiltigheim. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.
07/06/2006	Bodacc C	Avis de dépôt des comptes
1757 - RCS Strasbourg B 588 502 906. RC 58-B 290. SOCIETE DES USINES QUIRI ET Cie. Forme: S.A. Adresse du siège social: 46, route de Bischwiller,67300 Schiltigheim. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
12/07/2005	Bodacc B	Modifications et mutations diverses
1096 - RCS Strasbourg 588 502 906. RC 58-B 290. SOCIETE DES USINES QUIRI ET Cie. Forme : S.A. Capital : 1 900 000 euros. Adresse du siège social : 46 route de Bischwiller,, 67300 Administration : ancien co-commissaire aux comptes titulaire : CABINET MULLER. Ancien co-commissaire aux comptes suppléant : MULLER (Jean, Jacques). Date d'effet : 18 mars 2005.
30/06/2005	Bodacc C	Avis de dépôt des comptes
1919 - RCS Strasbourg B 588 502 906. RC 58-B 290. SOCIETE DES USINES QUIRI ET Cie. Forme: S.A. Adresse du siège social: 46, route de Bischwiller,67300 Schiltigheim. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
20/07/2004	Bodacc B	Modifications et mutations diverses
RCS Strasbourg 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET C i e. Forme : S.A. Capital : 1 900 000 euros. Adresse du siège social : 46 route de Bischwiller, 67300 Schiltigheim. Administration : ancien administrateur : GIROD (Maurice). Nouvel administrateur : DUPUIS (Claire). Date d'effet : 20 mars 2004.
07/02/2003	Bodacc B	Modifications et mutations diverses
RCS Strasbourg 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET C i e. Forme : S.A. Capital : 1 900 000 euros. Adresse du siège social : 46 route de Bischwiller, 67300 Schiltigheim. Administration : nomination en qualité de directeur général délégué : URBAN (Fabrice), déjà administrateur. Date d'effet : 28 septembre 2002.
25/07/2002	Bodacc B	Modifications et mutations diverses
RCS Strasbourg 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET COMPAGNIE. Forme : S.A. Capital : 1 900 000 euros. Adresse du siège social : 46 route de Bischwiller, 67300 Schiltigheim. Administration : ancien administrateur : DUPUIS (Claire). Nouvel administrateur : DUPUIS (Thibaud). Date d'effet : 22 décembre 2001.
12/09/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Strasbourg B 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET COMPAGNIE. Forme : S.A. Capital : 9 500 000 F. Adresse : 46 route de Bischwiller, 67300 Schiltigheim Nouvelle situation du siège social. Capital : 1 900 000 euros. Commentaires : augmentation du capital social puis conversion en euros. Date d'effet : 23 mars 2001.
01/10/1999	Bodacc B	Modifications et mutations diverses
RCS Strasbourg B 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET COMPAGNIE. Forme : S.A. Capital : 9 500 000 F (fixe). Adresse du siège social : 46, route de Bischwiller, 67300 Schiltigheim. Administration : modification des commissaires aux comptes : ancien titulaire : MULLER (Jean-Jacques), nouveau suppléant nouveaux titulaires CABINET MULLER S.A.R.L. et FIDUCIAIRE DE LA BASSE-ALSACE S.A. nouveau suppléant : KERN (Charles) titulaire partant : LORENTZ (Georges). Date d'effet : 26 mars 1999.
20/09/1996	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Strasbourg B 588502906 RC 58-B 290 SOCIETE DES USINES QUIRI ET C ie. Forme : S.A. Capital : 7 000 000 F (fixe). Adresse : 46, route de Bischwiller, 67300 Schiltigheim Nouvelle situation du siège social. Capital : 9 500 000 F. Date d'effet : 1er octobre 1995.
21/03/1996	Bodacc B	Modifications et mutations diverses
RCS Strasbourg B 588 502 906 RC 58-B 290 SOCIETE DES USINES QUIRI ET CIE. Forme : S.A. Capital : 7 000 000 de F ( fixe). Adresse du siège social : 46 route de Bischwiller, 67300 Schiltigheim. Administration : nouveaux administrateurs : Mme DUPUIS (Claire) et URBAN (Fabrice). Date d'effet : 24 mars 1995.

Company events history

Date	Description
30/09/2011	Bodacc C : Deposit accounts notice
07/09/2011	Bodacc B: Various editing or changing
13/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/08/2011	Private document
30/09/2010	New accounts available
12/08/2010	Bodacc C : Deposit accounts notice
30/09/2009	New accounts available
16/06/2009	Bodacc C : Deposit accounts notice
31/12/2008	Modification of Company Activity
31/12/2008	Update of Company Activity
30/09/2008	New accounts available
25/06/2008	Bodacc B: Various editing or changing
25/06/2008	New Bodacc B ads detected
29/05/2008	Acte modificatif
29/05/2008	Minutes of general meeting of shareholders
29/05/2008	PV d'Assemblée
29/05/2008	Appointment/resignation of company officers
29/05/2008	Nomination/démission des organes de gestion
29/05/2008	Private document
29/05/2008	Acte sous seing privé
29/05/2008	Changes to the Board of Directors
29/05/2008	Modification du Conseil d'Administration
30/09/2007	New accounts available
21/05/2007	Private document
21/05/2007	Appointment/resignation of company officers
21/05/2007	PV du Conseil d'Administration
21/05/2007	Acte sous seing privé
21/05/2007	Nomination/démission des organes de gestion
21/05/2007	Acte modificatif
21/05/2007	Changes to the Board of Directors
21/05/2007	Modification du Conseil d'Administration
21/05/2007	New chairman (CEO, CoB)
21/05/2007	Minutes of Board meeting
21/05/2007	Changement de Président (PDG, PCA)
30/09/2006	New accounts available
30/09/2005	New accounts available
10/06/2005	Changes to the Board of Directors
10/06/2005	Modification du Conseil d'Administration
10/06/2005	Acte sous seing privé
10/06/2005	Private document
10/06/2005	Appointment/resignation of company officers
10/06/2005	Nomination/démission des organes de gestion
10/06/2005	Minutes of general meeting of shareholders
10/06/2005	PV d'Assemblée
10/06/2005	Acte modificatif
25/04/2005	Updated articles of association
25/04/2005	Statuts mis à jour
25/04/2005	PV d'Assemblée
25/04/2005	Minutes of general meeting of shareholders
25/04/2005	Private document
25/04/2005	Acte sous seing privé
30/09/2004	New accounts available
07/06/2004	Nomination/démission des organes de gestion
07/06/2004	PV d'Assemblée
07/06/2004	Minutes of general meeting of shareholders
07/06/2004	Acte modificatif
07/06/2004	Appointment/resignation of company officers
07/06/2004	Private document
07/06/2004	Acte sous seing privé
30/09/2003	New accounts available
10/06/2003	PV d'Assemblée
10/06/2003	Acte modificatif
10/06/2003	Statuts mis à jour
10/06/2003	Acte sous seing privé
10/06/2003	Augmentation de Capital
24/12/2002	Nomination/démission des organes de gestion
24/12/2002	Acte modificatif
24/12/2002	PV du Conseil d'Administration
24/12/2002	Acte sous seing privé
04/06/2002	PV d'Assemblée
04/06/2002	Acte modificatif
04/06/2002	Modification du Conseil d'Administration
04/06/2002	Nomination/démission des organes de gestion
04/06/2002	Acte sous seing privé
25/10/2001	Statuts mis à jour
25/10/2001	Acte sous seing privé
25/10/2001	PV d'Assemblée
06/08/2001	Acte modificatif
06/08/2001	Statuts mis à jour
06/08/2001	Conversion du Capital Social en Euros
06/08/2001	PV d'Assemblée
06/08/2001	Acte sous seing privé
06/08/2001	Augmentation de Capital
13/08/1999	Acte sous seing privé
13/08/1999	Nomination/démission des organes de gestion
13/08/1999	Acte modificatif
13/08/1999	Changement de Commissaire aux Comptes
13/08/1999	PV d'Assemblée
26/07/1996	Augmentation de Capital
26/07/1996	Acte sous seing privé
26/07/1996	PV d'Assemblée
26/07/1996	Statuts mis à jour
26/07/1996	Acte modificatif
26/01/1996	Acte modificatif
26/01/1996	Modification du Conseil d'Administration
26/01/1996	PV d'Assemblée
26/01/1996	Nomination/démission des organes de gestion
28/05/1993	PV du Conseil d'Administration
18/03/1993	Continuation malgré perte supérieure à la moitié du capital
18/03/1993	PV d'Assemblée
18/03/1993	Acte modificatif
21/02/1992	Acte modificatif
29/01/1992	Acte sous seing privé
21/01/1992	Acte modificatif
24/12/1991	Acte sous seing privé

Establishment events history

Date	Description
13/08/2011	Update Limit
13/08/2011	Update Rating
14/06/2011	Update Rating
16/07/2010	Update Limit
16/07/2010	Update Rating
11/07/2010	Update Limit
12/06/2010	Update Rating
23/03/2010	Update of phone numbers
30/12/2009	Update Rating
04/06/2009	Update Rating
04/06/2009	Update Limit
31/12/2008	Modification of Head office
23/06/2008	Update Rating
23/06/2008	Update Limit
18/06/2008	Update Rating
13/01/2008	Update Limit
16/12/2007	Update Limit
11/12/2007	Update Limit
09/12/2007	Update Limit
14/06/2007	Update Limit
14/06/2007	Update Rating

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.65
UK Pound	1	Rs.77.80
Euro	1	Rs.65.05

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.