MIRA INFORM REPORT

Report Date :

20.07.2012

IDENTIFICATION DETAILS

Name :	S.D.M.O. INDUSTRIES

Registered Office :	12 B Rue De La Villeneuve Bp 241 29272 Brest Cedex

Country :	France

Financials (as on) :	31.12.2003

Date of Incorporation :	January 1987

Com. Reg. No.:	RCS Brest B 548 202 985

Legal Form :	Simplified Joint Stock Company

Line of Business :	Manufacture of electric motors, generators and electrical transformers

No. of Employees :	500 to 999 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

France

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

Top of Form

Company Name

S.D.M.O. INDUSTRIES

SIRET 548 202 985 00022

company summary

Activity (APE)	Manufacture of electric motors, generators and electrical transformers (2711Z)	Legal form	Simplified joint stock company
Phone	02 98 41 13 88	RCS Registration	RCS Brest B 548 202 985
Fax	02 98 41 63 07	Share capital	17,066,520 Euros
Address	S.D.M.O. INDUSTRIES 12 B RUE DE LA VILLENEUVE BP 241 29272 BREST CEDEX	Incorporated Date	01/1987
Nationality	France	Status	Economically active

	Payment Information Summary - SafeTrade
	Total number of Invoices available	4
	Total number of Invoices paid within or up to 30 days after the due date	3
	Total number of Invoices paid more than 30 days after the due date	1
	Total number of Invoices currently outstanding where the due date has not yet been reached	0
	Total number of Invoices currently outstanding beyond the due date	0

Last published preferential right

No social security and tax office preferential right to date

	Ultimate Holding Company
	Company Name		Company number
	KOHLER CO		-

Current Directors

	Trading to Date	12/31/2003
	Turnover	260,670,068 €
	Gross Operating Surplus	4,75 % Turnover
	Net worth	66,655,037 €
	Employees	500 to 999 employees

No trends info for the company

company details

Company details

Activity (APE)	Manufacture of electric motors, generators and electrical transformers (2711Z)
RCS Registration	RCS Brest B 548 202 985	Share capital	17,066,520 Euros
Registration Court	Brest (29)	Legal form	Simplified joint stock company
Court Registry Number	87 B 00021	EU VAT Number	FR60548202985
Incorporation Date	01/1987	Formation Date	01/1974
Deregistration Date		Last account Date	31/12/2003
Nationality	France

Establishment details

Activity (APE)	Fabrication de moteurs, gÃ©nÃ©ratrices et transformateurs Ã©lectriques (2711Z)	Business Pages FT®	GROUPE ELECTROGENE VENTE LOCATION
Postal Address	S.D.M.O. INDUSTRIES 12 B RUE DE LA VILLENEUVE BP 241 29272 BREST CEDEX	Trading Address	12 B RUE DE LA VILLENEUVE 29200 BREST
Telephone	02 98 41 13 88
Fax	02 98 41 63 07

Type	Head office	Status	Economically active
Formation Date	01/1984	Reason for formation	Purchase
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	FinistÃ¨re (29)	Region	Bretagne
District	1	Area	99
City	BREST	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

	Branches	9 branch entities in this company


	Head office	> S.D.M.O. INDUSTRIES <<< - Fabrication de moteurs, gÃ©nÃ©ratrices et transformateurs Ã©lectriques (2711Z) in BREST (29200)

	Secondary establishments	> S.D.M.O. INDUSTRIES -in COURBEVOIE (92400) > S.D.M.O. INDUSTRIES - Fabrication de moteurs, gÃ©nÃ©ratrices et transformateurs Ã©lectriques (2711Z) in CHOLET (49300) > S.D.M.O. INDUSTRIES - Fabrication de moteurs, gÃ©nÃ©ratrices et transformateurs Ã©lectriques (2711Z) in BREST (29200) > S.D.M.O. INDUSTRIES - Fabrication de moteurs, gÃ©nÃ©ratrices et transformateurs Ã©lectriques (2711Z) in GENNEVILLIERS (92230) > ...

	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

200 to 249 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	31/12/2003
Account period (month)	12
Account Type	Normal
Deposit date	-
Activity Code	2711Z
Employees	615	-	-

Active account

Annual Accounts	31/12/2003	Sector Median 2003
Capital not called	0	0	0%
Total fixed assets	14Â 837Â 233	181Â 337,50	8082,1%
- Intangible assets	1Â 211Â 131	7Â 622	15789,9%
- Tangible assets	3Â 846Â 192	87Â 300,50	4305,7%
- Financial assets	9Â 779Â 907	9Â 378	104185,6%
Net current assets	173Â 238Â 792	1Â 055Â 314,50	16315,8%
- Stocks	44Â 459Â 159	284Â 588	15522,3%
- Advanced payments	0	0	0%
- Receivables	112Â 271Â 906	609Â 317	18325,9%
- Securities and cash	16Â 507Â 724	62Â 675,50	26238,4%
- Prepaid expenses	-	734	-
Accounts of regularization	1Â 849Â 405	0	0%
Total Assets	189Â 925Â 431	1Â 245Â 880,50	15144,3%

Passive Account

Annual Accounts	31/12/2003	Sector Median 2003
Shareholders' equity	66Â 655Â 037	507Â 475,50	13034,6%
Share capital	17Â 066Â 520	167Â 847	10067,9%
Other capital resources	0	0	0%
Risk Provisions	8Â 606Â 801	6Â 823	126043,9%
Liabilities	114Â 592Â 462	793Â 453,50	14342,2%
- Financial liabilities	7Â 962Â 852	94Â 869	8293,5%
- Advanced payments received	3Â 979Â 048	0	0%
- Trade account payables	79Â 627Â 592	276Â 997,50	28646,7%
- Tax and social liabilities	8Â 687Â 201	206Â 758	4101,6%
- Other debts and fixed assets liabilities	3Â 311Â 748	15Â 421,50	21374,9%
Account regularization	11Â 095Â 147	0	0%
Total liabilities	189Â 925Â 431	1Â 245Â 880,50	15144,3%

Results

Annual Accounts	31/12/2003	Sector Median 2003
Sales of Goods	270Â 197Â 421	2Â 185Â 315,50	12264,2%
Net turnover	260Â 670Â 068	2Â 119Â 768,50	12197,1%
- of which net export turnover	163Â 508Â 854	70Â 453	231982,2%
Operating charges	257Â 204Â 038	2Â 110Â 933,50	12084,4%
Operating profit/loss	12Â 993Â 382	57Â 426	22526,3%
Financial income	6Â 022Â 546	4Â 300,50	139942,9%
Financial charges	7Â 740Â 803	13Â 121	58895,5%
Financial profit/loss	-1Â 718Â 256	-2Â 640,50	-64973,1%
Pretax net operating income	11Â 275Â 125	41Â 296	27203,2%
Extraordinary income	1Â 121Â 827	8Â 091	13765,1%
Extraordinary charges	1Â 019Â 248	5Â 667	17885,7%
Extraordinary profit/loss	102Â 578	1Â 101	9216,8%
Net result	7Â 261Â 185	45Â 263,50	15942,0%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2003
	Months		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2003
Grand Total (I to VI)	Net	189Â 925Â 431
Gross	CO	205Â 030Â 410
Amortisation	1A	15Â 104Â 978

Non declared distributed capital (I)

		31/12/2003
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

		31/12/2003
Total Active fixed asset (II)	Net	14Â 837Â 233
Gross	BJ	27Â 525Â 051
Amortisation	BK	12Â 687Â 818

Intangilble fixed assets

			31/12/2003
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	868Â 578
	Gross	CX	1Â 023Â 607
	Amortisation	AE	155Â 029
	Distributorships, patents	Net	91Â 013
	Gross	AF	2Â 098Â 393
	Amortisation	AG	2Â 007Â 380
	Goodwill	Net	251Â 540
	Gross	AH	251Â 540
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	1Â 211Â 131

Tangilble fixed assets

		31/12/2003
Lands	Net	0
Gross	AN	4Â 226
Amortisation	AO	4Â 226
Buildings	Net	2Â 372Â 245
Gross	AP	4Â 915Â 897
Amortisation	AQ	2Â 543Â 652
Plant	Net	553Â 747
Gross	AR	4Â 851Â 438
Amortisation	AS	4Â 297Â 691
Other tangible fixed assets	Net	754Â 835
Gross	AT	3Â 620Â 617
Amortisation	AU	2Â 865Â 782
Fixed assets in construction	Net	165Â 365
Gross	AV	165Â 365
Amortisation	AW	0
Advances and payments on account	Net	0
Gross	AX	0
Amortisation	AY	0
Sub Total Tangible asset	Net	3Â 846Â 192

Financial assets

		31/12/2003
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	4Â 577Â 042
Gross	CU	5Â 391Â 096
Amortisation	CV	814Â 054
Inter-company receivables	Net	3Â 925Â 828
Gross	BB	3Â 925Â 828
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	1Â 129Â 046
Gross	BF	1Â 129Â 046
Amortisation	BG	0
Other financial assets	Net	147Â 991
Gross	BH	147Â 991
Amortisation	BI	0
Sub Total Financial Assets		9Â 779Â 907

Current Assets (III)

		31/12/2003
Total Assets	Net	173Â 238Â 792
Gross	CJ	175Â 655Â 953
Amortisation	CK	2Â 417Â 160

Stocks

		31/12/2003
Raw materials	Net	23Â 280Â 157
Gross	BL	24Â 599Â 622
Amortisation	BM	1Â 319Â 465
Work in progress (goods)	Net	12Â 361Â 804
Gross	BN	12Â 361Â 804
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	8Â 817Â 198
Gross	BR	8Â 959Â 836
Amortisation	BS	142Â 638
Goods for resale	Net	0
Gross	BT	0
Amortisation	BU	0
Sub Total Stocks	Net	44Â 459Â 159

Advance payments to suppliers

		31/12/2003
Advance payments to suppliers	Net	0
Gross	BV	0
Amortisation	BW	0

Debtors

		31/12/2003
Trade accounts receivable	Net	102Â 434Â 783
Gross	BX	103Â 389Â 840
Amortisation	BY	955Â 057
Other debtors	Net	6Â 597Â 984
Gross	BZ	6Â 597Â 984
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	109Â 032Â 767

Divers

		31/12/2003
Investment securities	Net	15Â 668Â 091
Gross	CD	15Â 668Â 091
Amortisation	CE	0
Cash and cash equivalents	Net	839Â 633
Gross	CF	839Â 633
Amortisation	CG	0
Sub Total Divers	Net	16Â 507Â 724

Prepaid expenses

		31/12/2003
Prepaid expenses	Net	3Â 239Â 139
Gross	CH	3Â 239Â 139
Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2003
Multi-period charges	CW3	0
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	1Â 849Â 405
Gross		-

References

		31/12/2003
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2003
	Grand Total (I to V)	EE	189Â 925Â 431

Shareholder Equity (I)

		31/12/2003
Total shareholders' equity (Total I)	DL	66Â 655Â 037
Equity and shareholders' equity	DA	17Â 066Â 520
Issue and merger premiums	DB	44Â 174
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	1Â 706Â 651
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	841Â 999
Of which special reserve of provisions for current fluctuation	B1	0
Other reserves	DG	39Â 565Â 783
Of which reserve for buying originals works from alive artists	EJ	0
Profits or losses brought forward	DH	0
Profit or loss for the period	DI	7Â 261Â 185
Investment grants	DJ	168Â 722
Special tax-allowable reserves	DK	0

Other capital resources (II)

		31/12/2003
Total other capital resources (Total II)	DO	0
Income from participating securities	DM	0
Conditional loans	DN	0

Provisions for risks and charges (III)

		31/12/2003
Total provisions for risks and charges (Total III)	DR	8Â 606Â 801
Risk provisions	DP	8Â 606Â 801
Reserves for charges	DQ	0

Liabilities (IV)

		31/12/2003
Total Liabilities (Total IV)	EC	114Â 592Â 462
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	2Â 654Â 669
Sundry loans and financial liabilities	DV	5Â 308Â 183
Of which participating loans	EI	0
Advance payments received for current orders	DW	3Â 979Â 048
Trade accounts payables	DX	79Â 627Â 592
Tax and social security liabilities	DY	8Â 687Â 201
Fixed asset liabilities	DZ	156Â 140
Other debts	EA	3Â 084Â 478

Translation loss (V)

			31/12/2003
	Translation loss (Total V)	ED	71Â 130

Equalization accounts

			31/12/2003
	Deferred income	EB	11Â 095Â 147

References

		31/12/2003
Of which tax-allowable reserve	EF	841Â 999
Deferred income and liabilities	EG	110Â 043Â 771
Of which current bank facilities	EH	268Â 686

Display parameter
Currency	Euro	Kilo Euro

			31/12/2003
	Operating result (Total I-II)	GG	12Â 993Â 382

2 - Financial result (V - VI)

			31/12/2003
	Financial result (Total V-VI)	GV	-1Â 718Â 256

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

			31/12/2003
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	11Â 275Â 125

4 - Extraordinary result (VII-VIII)

			31/12/2003
	Extraordinary result (Total VII-VIII)	HI	102Â 578

Profit or loss

			31/12/2003
	Profit or loss	HN	7Â 261Â 185

Total Income (I+III+V+VII)

			31/12/2003
	Total Income (I+III+V+VII)	HL	277Â 341Â 795

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

			31/12/2003
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	270Â 080Â 610

Operating income (I)

			31/12/2003
	Total operating income (Total I)	FR	270Â 197Â 421

Operating income (details)

		31/12/2003
Sale of goods for resale	FC	0
France	FA	0
Export	FB	0
Sale of goods produced	FF	260Â 670Â 068
France	FD	97Â 161Â 214
Export	FE	163Â 508Â 854
Sale of services	FI	0
France	FG	0
Export	FH	0
Net turnover	FL	260Â 670Â 068
France	FJ	97Â 161Â 214
Export	FK	163Â 508Â 854
Stocked production	FM	3Â 641Â 575
Self-constructed assets	FN	129Â 000
Operating grants	FO	7Â 490
Release of reserves and provisions	FP	5Â 325Â 059
Other income	FQ	424Â 227

Operating charges (II)

			31/12/2003
	Total operating charges (Total II)	GF	257Â 204Â 038

Exploitation charges

		31/12/2003
Purchase of goods for resale	FS	0
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	170Â 381Â 513
Change in stocks of raw materials	FV	736Â 179
Other external purchases and charges	FW	53Â 696Â 385
Tax, duty and similar payments	FX	1Â 891Â 081
Payroll	FY	17Â 710Â 302
Social security costs	FZ	7Â 660Â 266

Depreciation

		31/12/2003
Depreciation of fixed assets	GA	1Â 424Â 969
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	1Â 010Â 221
Provisions for risks and charges	GD	2Â 577Â 518

Other charges

			31/12/2003
	Other charges	GE	115Â 600

Operating charges (III-IV)

		31/12/2003
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

		31/12/2003
Total financial income (Total V)	GP	6Â 022Â 546
Share financial income	GJ	1Â 025Â 000
Other investment income & capitalised receivables	GK	50Â 654
Other interest and similar income	GL	181Â 562
Released provisions and transferred charges	GM	4Â 297Â 432
Exchange gains	GN	467Â 897
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		31/12/2003
Total financial charge (Total VI)	GU	7Â 740Â 803
Financial reserves and provisions	GQ	1Â 700Â 525
Interest and similar charges	GR	3Â 822Â 460
Exchange losses	GS	2Â 217Â 817
Net loss from disposal of investment securities	GT	0

Financial Charge (VII)

		31/12/2003
Total extraordinary income (Total VII)	HD	1Â 121Â 827
Extraordinary operating income	HA	1Â 111Â 199
Extraordinary income from capital transactions	HB	10Â 628
Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

		31/12/2003
Total extraordinary charges (Total VIII)	HH	1Â 019Â 248
Extraordinary operating charges	HE	1Â 003Â 878
Extraordinary charges from capital transactions	HF	15Â 370
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

			31/12/2003
	Employee profit sharing (Total IX)	HJ	631Â 986

Tax on profits (X)

			31/12/2003
	Tax on profits (Total X)	HK	3Â 484Â 533

References

		31/12/2003
Of which equipment leases	HP	0
Of which property leases	HQ	561Â 752
Of which transferred charges	A1	291Â 194
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	1Â 175

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)

		31/12/2003
Gross value at begin of period	OG	0
Increasess due to revaluation	OH	0
Decreasess, acquisitions, creations, contributions	OJ	1Â 838Â 734
Decreasess by budget item transfer	OK1	0
Decreasess by transfers	OK2	4Â 724Â 541
Gross value at the end of period	OL	0

Research and development Charge (Total I)

		31/12/2003
Gross value at begin of period	CZ	0
Increasess due to revaluation	KB	0
Increasess, acquisitions, creations, contributions	KC	0
Decreasess by budget item transfer	C01	0
Decreasess by transfers	C02	0
Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2003
Gross value at begin of period	KD	0
Increasess due to revaluation	KE	0
Increasess, acquisitions, creations, contributions	KF	159Â 743
Decreasess by budget item transfer	LV1	0
Decreasess by transfers	LV2	0
Gross value at the end of period	LW	0

Tangible fixed assets (Total III)

		31/12/2003
Gross value at begin of period	LN	0
Increasess due to revaluation	LO	0
Increasess, acquisitions, creations, contributions	LP	713Â 572
Decreasess by budget item transfer	NG1	0
Decreasess by transfers	NG2	0
Gross value at the end of period	NH	0

Fiancial assets (Total IV)

		31/12/2003
Gross value at begin of period	LQ	0
Increasess due to revaluation	LR	0
Increasess, acquisitions, creations, contributions	LS	0
Decreasess by budget item transfer	NJ1	0
Decreasess by transfers	NJ2	0
Gross value at the end of period	NK	0

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

			31/12/2003
	Reserve for depreciation value at begin of period	0N	11Â 415Â 262
Increases		0P	1Â 424Â 969
Decreasess		0Q	966Â 468
	Reserve for depreciation value at the end of period	0R	11Â 873Â 763

Research and development charge (Total I)

			31/12/2003
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	155Â 029

Other intangible assets (Total II)

			31/12/2003
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	0
Decreasess		PG	0
	Decreasess by budget item transfer	PH	2Â 007Â 380

Total fixed assets amotisation (Total III)

			31/12/2003
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	0
Decreases		QW	0
	Decreasess by budget item transfer	QX	9Â 711Â 353

Movements during period affecting charge allocated over several period
Charges Ã rÃ©partir ou frais d'Ã©mission d'emprunt

			31/12/2003
	Gross value at begin of period	Z91	0
Increases		Z92	0
Depreciation of fixed assets during period		Z9	0
	Decreasess by budget item transfer	B1	0

Premium refund of obligations

			31/12/2003
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

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

			31/12/2003
	Value at begining of period	7C	0
Increases		UB	0
Decreases		UC	0
	Value at the end of period	UD	0

Includes Total allocations

	Operating	UE	0
	Financial	UG	0
	Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	5Â 033Â 865
Financial	UH	4Â 297Â 432
Exceptional	UK	0

Total regulated provisions (Total I)

			31/12/2003
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			31/12/2003
	Value at begining of period	5Z	0
Increases		TV	0
Decreases		TW	0
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			31/12/2003
	Value at begining of period	7B	7Â 042Â 022
Increases		TY	1Â 255Â 868
Decreases		TZ	5Â 066Â 676
	Value at the end of period	UA	3Â 231Â 215

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

		31/12/2003
Gross value	VT	118Â 429Â 830
1 year at most	VU	112Â 049Â 191
More than one year	VV	6Â 380Â 639

State of loans

		31/12/2003
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	5Â 645
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/12/2003
Customers doubtful or disputed	VA	1Â 183Â 418
Other claims customer	UX	0
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	60Â 173
Social Security and other social organizations	UZ	0
Income taxes	VM	0
Value added tax	VB	4Â 435Â 605
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0

Prepaid

			31/12/2003
	Prepaid	VS	0

State Debt

			31/12/2003
	Total debt (gross)	VY	114Â 592Â 462
1 year at most		VZ2	110Â 043Â 771
More than 1 year and 5 years at most		VZ3	4Â 548Â 691
More than 5 years		VZ4	0

Details

			31/12/2003
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	286Â 322
1 year at most		VG2	286Â 322
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	2Â 368Â 347
1 year at most		VH2	791Â 899
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	578Â 931
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	0
1 year at most		8B2	79Â 627Â 592
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	4Â 080Â 362
1 year at most		8C2	4Â 080Â 362
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	3Â 608Â 357
1 year at most		8D2	3Â 608Â 357
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	645Â 564
1 year at most		VW2	645Â 564
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	352Â 915
1 year at most		VQ2	352Â 915
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	156Â 140
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	1Â 757Â 009
1 year at most		VI2	1Â 757Â 009
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	0
1 year at most		8K2	7Â 063Â 527
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	11Â 095Â 147
More than 1 year and 5 years at most		8L3	0

References

		31/12/2003
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

			31/12/2003
	Dividends	ZE	0

Commitments

		31/12/2003
Commitments leasing furniture	YQ	0
Commitments Real Estate Leasing	YR	3Â 797Â 261
Effects brought to the discount and unmatured	YS	0

Other charges Externes

		31/12/2003
Subcontracting	YT	29Â 858Â 756
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	3Â 059Â 628
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	1Â 518Â 082
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		31/12/2003
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/12/2003
Amount VAT collected	YY	34Â 453Â 993
Total VAT on goods and services	YZ	37Â 413Â 079

Average number of employees

			31/12/2003
	Average number of employees	YP	615

Groups and Shareholders

			31/12/2003
	Groups and Shareholders	ZR	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2003	Sector Median 2003
Fixed Asset Financing	3,47	1,86	86,6%
Global Debt	158 days	119 days	32,8%
Working Capital Fund overall net	94 days	88 days	6,8%
Financial independence	2510,86%	662,30%	279,1%

Solvability	35,10%	41,44%	-15,3%
Capacity debt futures	6181,95%	623,18%	892,0%
Coverage of current assets by net working capital overall	36,22%	44,72%	-19,0%
General Liquidity	1,02	0,92	10,9%
Restricted Liquidity	1,17	1,17	0%

Management or rotation

	31/12/2003	Sector Median 2003
Need background in operating working capital	80 days	60 days	33,3%
Treasury	22 days	6 days	266,7%
Inventory turnover of goods	days	10,50 days	-
Average length of credit granted to customers	126 days	88 days	43,2%
Average length of credit obtained suppliers	109 days	82,50 days	32,1%

Inventory turnover of raw materials in industrial enterprises	52 days	88 days	-40,9%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	535 days	-
Rotation tangible assets	%	946,61%	-

Profitability of the business

	31/12/2003	Sector Median 2003
Margin trading	0%	0%	0%
Profitability of the business	4,75	5,76%	-17,5%
Net profit	2,79%	2,40%	16,2%

Growth rate of turnover (excluding VAT)	%	0%	-
Rates integration	15,20%	41,77%	-63,6%
Rate leasing furniture	0%	0%	0%
Work Factor	64,02%	80,56%	-20,5%
Weight interests	2,97	0,63%	371,4%

Return on capital

	31/12/2003	Sector Median 2003
Cash flow from the overall profitability	0,41%	3,92%	-89,5%
Rates of economic profitability	17%	19%	-10,5%
Financial profitability	66655037%	529682,50%	12484,0%
Return on investment	20,11%	11,97%	68,0%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

	31/12/2003					Sector Median 2003
Turnover	260Â 670Â 068					2Â 119Â 768 €	12197,1%

Sales of goods	0
- Purchase of goods	0
+/- Stock of goods variation	0
Trading margin	0 €	0 €	0%
	0,00 % CA	0 % CA	0%

Sale of goods produced	260Â 670Â 068
+/- Stocked production	3Â 641Â 575
+ Self-constructed assets	129Â 000
Period production	264Â 440Â 643 €	1Â 905Â 177 €	13780,1%
	101,45 % CA	99,35 % CA	2,1%

Trading margin	0	0	0%
+ Period Production	264Â 440Â 643	1Â 905Â 177	13780,1%
- Purchase of raw materials	170Â 381Â 513
+/- Change in stocks of raw materiels	736Â 179
- Other external purchases and charges	53Â 696Â 385
Added value	39Â 626Â 566 €	890Â 539,50 €	4349,7%
	15,20 % CA	41,77 % CA	-63,6%

Added value	39Â 626Â 566 €	890Â 539,50 €	4349,7%
+ Operating grants	7Â 490
- Tax, duty and similar payments	1Â 891Â 081
- Personal charges	25Â 370Â 568
Gross operating surplus	12Â 372Â 407 €	82Â 833,50 €	14836,5%
	4,75 % CA	5,73 % CA	-17,1%

Gross operating surplus	12Â 372Â 407 €	82Â 833,50 €	14836,5%
+ Release of reserves and provisions	5Â 325Â 059
+ Other operating income	424Â 227
- Depreciation/Amortisation	5Â 012Â 708
- Other charges	115Â 600
Operating result	12Â 993Â 385 €	54Â 822,50 €	23600,8%
	4,98 % CA	3,83 % CA	30,0%

Operating result	12Â 993Â 385 €	54Â 822,50 €	23600,8%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	6Â 022Â 546
- Financial charges	7Â 740Â 803
Pre-tax result	11Â 275Â 128 €	38Â 614 €	29099,6%
	4,33 % CA	3,12 % CA	38,8%

Extraordinary income	1Â 121Â 827	8Â 091	13765,1%
- Extraordinary charges	1Â 019Â 248
Extraordinary result	102Â 579 €	1Â 101 €	9216,9%
	0,04 % CA	0,04 % CA	0%

Pre-tax result	11Â 275Â 128 €	38Â 614 €	29099,6%
Extraordinary result	102Â 579 €	1Â 101 €	9216,9%
- Employee profit sharing	631Â 986
- Tax on profits	3Â 484Â 533
Net result	7Â 261Â 188 €	44Â 336 €	16277,6%
	2,79 % CA	2,35 % CA	18,7%

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	03/07/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	KOHLER CO
Direct parent	SDMO HOLDING - 100 %
Group â€“ Number of companies	24
Linkages â€“ Number of companies	21
Number of countries	5
Raison sociale		SIREN	Parts	Derniers comptes publiÃ©s
KOHLER CO		-	-	-
K E SAS		402778385	100%	31/12/2010
SDMO HOLDING		399315449	100%	-
BEALAS ENERGIE SERVICES		412142143	100%	31/12/2004
SANIJURA SNC		625680343	99%	-
SA SOREEL		317993897	100%	31/12/2009
S.D.M.O. INDUSTRIES		548202985	100%	31/12/2003
SDMO MIDDLE EAST		-	Majoritaire	-
SDMO ARGENTINA		-	100%	-
SDMO DO BRASIL LTDA		-	99%	-
SDMO GENERATING SETS INC		-	99%	-
SDMO ENERGY LIMITED		02624390	99%	31/12/2011
SDMO MOSCOU		-	Majoritaire	-
SDMO ALGER		-	Majoritaire	-
SDMO JOHANNESBOURG		-	Majoritaire	-
MAQUIGERAL		-	Majoritaire	-
SDMO GMBH		-	Majoritaire	-
SDMO NV/SA		-	Majoritaire	-
SDMO LAGOS		-	Majoritaire	-
SDMO NV/SA		-	Majoritaire	-
SDMO INDUSTRIES IBERICA		-	Majoritaire	-
KOHLER FRANCE		330339144	100%	31/12/2010
BAKER EUROPE SNC		350804936	100%	-
SANIJURA NL BV		-	99.90%	-

Linkages

Ultimate parent company		KOHLER CO
Direct parent		SDMO HOLDING - 100 %
Group â€“ Number of companies		24
Linkages â€“ Number of companies		21
Number of countries		5
	SIREN		Dernier bilan	CA
POWERWAVE ENERGY LIMITED	06537397		31/12/2010	0 Â£
KOHLER HOLDINGS LTD.	04107833		31/12/2010	137 444 000 Â£
KOHLER SHOWERS HOLDINGS LIMITED	03983133		31/12/2010	0 Â£
KOHLER SHOWERS BIDCO LIMITED	03983112		31/12/2010	0 Â£
KOHLER SCOTLAND LIMITED	SC269798		31/12/2010	11 705 140 Â£
THE OLD COURSE LIMITED	SC107577		31/12/2010	11 705 140 Â£
LOMBARDINI (UK) LIMITED	02388997		31/12/2010	388 001 Â£
KOHLER MIRA LIMITED	00252115		31/12/2010	124 330 000 Â£
BROOMCO (3864) LIMITED	05523548		31/12/2011	498 369 Â£
UNINTERRUPTIBLE POWER SUPPLIES LIMITED	03150129		31/12/2011	17 946 937 Â£
KOHLER UNINTERRUPTIBLE POWER LIMITED	06661961		31/12/2011	17 946 937 Â£
KOHLER (UK) LIMITED	00075110		31/12/2011	-
KOHLER DARYL LIMITED	00907700		31/12/2010	-
KOHLER MIRA UK TRUSTEES LIMITED	04204471		31/12/2010	-
KOHLER MIRA UK EXECUTIVE TRUSTEES LIMITE...	04283112		31/12/2010	-
GOLF RESORTS INTERNATIONAL LIMITED	SC117304		31/12/2010	-
ST. ANDREWS GOLF ACADEMY LIMITED	SC192460		31/12/2010	-
KOHLER CANADA CO	-		-	-
KOHLER CO	-		-	-
LOMBARDINI SRL	-		-	-
SDMO INDUSTRIES SA	-		-	-

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/09/2006	Bodacc B	Modifications et mutations diverses

0504 - RCS Brest B 548 202 985. RC 87-B 21. SDMO INDUSTRIES. Forme : S.A.S. Adresse du siÃ¨ge social : 12 B rue de la Villeneuve,, 29200 Commentaires : modification survenue sur l'administration. Administration : prÃ©sident : SDMO HOLDING, reprÃ©sentÃ©e par FOTSCH (Richard, James) (Nom d'usage : FOTSCH). Commissaire aux comptes titulaire : DELOITTE & ASSOCIES. Commissaire aux comptes supplÃ©ant : BEAS. Date d'effet : 29 juin 2006.
16/04/2006	Bodacc B	Modifications et mutations diverses

0983 - RCS Brest B 548 202 985. RC 87-B 21. SDMO INDUSTRIES. Forme : S.A.S. Adresse du siÃ¨ge social : 12 B rue de la Villeneuve,, 29200 Commentaires : modification survenue sur l'administration. Administration : prÃ©sident : SDMO HOLDING, reprÃ©sentÃ©e par FOTSCH (Richard, James) (Nom d'usage : FOTSCH). Commissaire aux comptes titulaire : NEDELEC (GÃ©rard) (Nom d'usage : NEDELEC). Commissaire aux comptes supplÃ©ant : SABATTIER (HÃ©lÃ¨ne) (Nom d'usage : SABATTIER). Date d'effet : 19 dÃ©cembre 2005.
21/12/2001	Bodacc B	Modifications et mutations diverses

RCS Brest B 548202985 RC 87-B 21 SDMO INDUSTRIES. Forme : S.A.S. Capital : 17 066 520 euros. Adresse du siÃ¨ge social : 12 bis rue de la Villeneuve, 29200 Brest. Commentaires : modification survenue sur la forme juridique, le capital ( augmentation et conversion en euros) et l'administration. Administration : prÃ©sident : GROUPE MEUNIER, reprÃ©sentÃ©e par COISNON (Guy) ( Nom d'usage : COISNON). Commissaire aux comptes titulaire : NEDELEC (GÃ©rard) ( Nom d' usage : NEDELEC). Commissaire aux comptes supplÃ©ant : SABATTIER (HÃ©lÃ¨ne) ( Nom d'usage : SABATTIER). Date d'effet : 13 dÃ©cembre 2000.
29/09/1999	Bodacc B	Modifications et mutations diverses

RCS Brest B 548202985 RC 87-B 21 S.D.M. O. INDUSTRIES. Forme : S.A. Capital : 109 984 240 F. Adresse du siÃ¨ge social : 12 bis rue de la Villeneuve, 29200 Brest. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 23 juin 1998.
29/09/1999	Bodacc B	Modifications et mutations diverses

RCS Brest B 548202985 RC 87-B 21 S.D.M. O. INDUSTRIES. Forme : S.A. Adresse du siÃ¨ge social : 12 bis rue de la Villeneuve, 29200 Brest. Commentaires : modification survenue sur l' administration. Administration : prÃ©sident du conseil d'administration : COISNON (Guy) ( Nom d'usage : COISNON). Administrateurs : MEUNIER (Albert) ( Nom d'usage : MEUNIER) MEUNIER ( FranÃ§ois) ( Nom d'usage : MEUNIER) LOSSEC (Jacques) ( Nom d'usage : LOSSEC). Commissaire aux comptes titulaire : NEDELEC (GÃ©rard) ( Nom d' usage : NEDELEC). Commissaire aux comptes supplÃ©ant : SABATTIER (HÃ©lÃ¨ne) ( Nom d'usage : SABATTIER). Date d'effet : 29 juin 1992.
29/09/1999	Bodacc B	Modifications et mutations diverses

RCS Brest B 548202985 RC 87-B 21 S.D.M. O. INDUSTRIES. Forme : S.A. Adresse du siÃ¨ge social : 12 bis rue de la Villeneuve, 29200 Brest. Commentaires : modification survenue sur l' administration. Administration : prÃ©sident du conseil d'administration : COISNON (Guy) ( Nom d'usage : COISNON). Administrateurs : LOSSEC (Jacques) ( Nom d'usage : LOSSEC) MEUNIER PARTICIPATIONS, reprÃ©sentÃ©e par MEUNIER (Marie, Jeanne) ( Nom d'usage : BERGERON) GROUPE MEUNIER, reprÃ©sentÃ©e par MEUNIER (FranÃ§ois) ( Nom d'usage : MEUNIER). Commissaire aux comptes titulaire : NEDELEC (GÃ©rard) ( Nom d' usage : NEDELEC). Commissaire aux comptes supplÃ©ant : SABATTIER (HÃ©lÃ¨ne) ( Nom d'usage : SABATTIER). Date d'effet : 28 juin 1995.

Company events history

Date	Description
06/04/2012	Update of participations in other companies
06/04/2012	New subsidiarie(s) detected
03/07/2009	Collection of preferential rights activated for this company
19/05/2008	Updated articles of association
19/05/2008	Minutes of general meeting of shareholders
19/05/2008	Private document
19/05/2008	Change to corporate purpose
24/08/2006	Private document
24/08/2006	New auditor
24/08/2006	Minutes of general meeting of shareholders
24/08/2006	Appointment/resignation of company officers
07/03/2006	Amendment
07/03/2006	Private document
07/03/2006	Acte sous seing privÃ©
07/03/2006	Acte modificatif
31/12/2003	New accounts available
15/11/2001	Statuts mis Ã jour
15/11/2001	Augmentation de Capital
15/11/2001	Rapport des Commissaires ou du GÃ©rant
15/11/2001	Conversion du Capital Social en Euros
15/11/2001	Changement de Forme Juridique sans changement de catÃ©gorie
15/11/2001	Nomination/dÃ©mission des organes de gestion
15/11/2001	PV d'AssemblÃ©e
15/11/2001	Acte sous seing privÃ©
09/09/1999	Statuts mis Ã jour
09/09/1999	Acte sous seing privÃ©
09/09/1999	Augmentation de Capital
09/09/1999	Changement de Commissaire aux Comptes
09/09/1999	PV d'AssemblÃ©e
09/09/1999	Nomination/dÃ©mission des organes de gestion
24/10/1994	DÃ©claration de conformitÃ©
24/10/1994	Acte sous seing privÃ©
24/10/1994	Fusion
24/10/1994	Projet de Fusion
24/10/1994	PV d'AssemblÃ©e
16/06/1994	Acte sous seing privÃ©
16/06/1994	Projet de Fusion
13/04/1994	RequÃªte et Ordonnance

Establishment events history

Date	Description
29/12/2009	Update Rating
02/04/2009	Update Rating
11/12/2007	Update Limit
09/12/2007	Update Limit

directors

Shareholder(s)

Name	SDMO HOLDING
Name of representative	M FOTSCH RICHARD
Manager position	PrÃ©sident	Date of birth	06/05/1955
Place of birth	EVANSTON ILLINOIS USA
Type of manager	Moral person	Name at birth of manager

Previous Directors

Manager position

Title and name

Date of Birth/Place of Birth

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.38
UK Pound	1	Rs.86.75
Euro	1	Rs.68.06

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.

MIRA INFORM REPORT

Company Name

company summary

company details

accounts

judgements

event history

directors

Unit