MIRA INFORM REPORT

Report Date :

03.11.2012

IDENTIFICATION DETAILS

Name :	PROFIL INDUSTRIE
Registered Office :	3 Rue Paul Painleve 89400 Migennes

Country :	France

Financials (as on) :	31.12.2011

Date of Incorporation :	September 1986

Com. Reg. No.:	RCS Sens 9 338 736 002

Legal Form :	Simplified Joint Stock Company

LINE OF BUSINESS :	MANUFACTURE OF GEARS AND MECHANICAL TRANSMISSION ORGANS

No. of Employees :	10 to 19 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 :	Satisfactory
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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

France

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

FRANCE - ECONOMIC OVERVIEW

France was transitioning from an economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms but is in the midst of a euro-zone crisis. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011. The unemployment rate increased from 7.4% in 2008 to 9.3% in 2010 and 9.1% in 2011. Lower-than-expected growth and increased unemployment have cut government revenues and increased borrowing costs, contributing to a deterioration of France's public finances. The government budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 5.8% of GDP in 2011, while France's public debt rose from 68% of GDP to 86% over the same period. Under President SARKOZY, Paris implemented austerity measures that eliminated tax credits and froze most government spending in an effort to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt levels. Socialist Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, as well as measures such as forcing banks to separate their traditional deposit taking and lending activities from more speculative businesses, increasing taxes on bank profits, introducing a new top bracket on income taxes for people earning over €1 million ($1.3 million) a year, and hiring an additional 60,000 civil servants during his five-year term of office.

Source : CIA

Top of Form

Company name

Name PROFIL INDUSTRIE SIRET 338 736 002 00035

company summary

		EUR VAT Number	FR31338736002
Activity (APE)	Manufacture of Gears and Mechanical Transmission Organs (2815Z)	Legal form	Simplified joint stock company
Phone	03 86 80 19 64	RCS Registration	RCS Sens 9 338 736 002
Fax		Share capital	171,000 Euros
Address	PROFIL INDUSTRIE 3 RUE PAUL PAINLEVE 89400 MIGENNES	Incorporated Date	09/1986
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Current Directors

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	2,228,955 €	2,017,527 €	1,498,339 €
Gross Operating Surplus	9,99 % Turnover	8,79 % Turnover	2,69 % Turnover
Shareholdersâ€™ equity	652,730 €	599,387 €	548,406 €
Net result	135,993 €	110,830 €	11,017 €
Employees	10 to 19 employees	-	-

	Trends
	Profitability
	Liquidity
	Net worth

company details

Company details

Activity (APE)	Fabrication d'engrenages et d'organes mÃ©caniques de transmission (2815Z)
RCS Registration	RCS Sens 9 338 736 002	Share capital	171,000 Euros
Registration Court	Sens (89)	Legal form	Simplified joint stock company
Court Registry Number	19 9 4B500	EUR VAT Number	FR31338736002
Incorporation Date	09/1986	Formation Date	08/1986
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Fabrication d'engrenages et d'organes mÃ©caniques de transmission (2815Z)	Business Pages FT®
Postal Address	PROFIL INDUSTRIE 3 RUE PAUL PAINLEVE 89400 MIGENNES	Trading Address	3 RUE PAUL PAINLEVE 89400 MIGENNES
Telephone	03 86 80 19 64
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	10/1993	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Yonne (89)	Region	Bourgogne
District	1	Area	39
City	MIGENNES	Size of urban area

Other establishments

	Branches	1 branch entities in this company


	Head office	> PROFIL INDUSTRIE <<< - Fabrication d'engrenages et d'organes mÃ©caniques de transmission (2815Z) in MIGENNES (89400)

	Secondary establishments

	Regionality	Legal unit with all establishments in same area

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

Workforces

Workforce at address

10 to 19 employees

Company workforce

10 to 19 employees

Financials accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	04/10/2012	14/07/2011	23/07/2010
Activity Code	2815Z	2815Z	2815Z
Employees	13	0	13

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	84Â 687	-15,6%	100Â 399	-15,2%	118Â 431	300Â 428	-71,8%
- Intangible assets	0	0%	0	0%	0	9Â 375	0%
- Tangible assets	84Â 446	-15,8%	100Â 309	-15,2%	118Â 341	150Â 717	-44,0%
- Financial assets	241	167,8%	90	0%	90	9Â 199	-97,4%
Net current assets	893Â 186	4,7%	852Â 754	16,6%	731Â 218	1Â 746Â 246	-48,9%
- Stocks	350Â 911	25,5%	279Â 540	-16,6%	335Â 288	403Â 804	-13,1%
- Advanced payments	0	4,7%	1Â 278	0%	0	0	0%
- Receivables	313Â 129	-37,0%	497Â 377	28,3%	387Â 749	889Â 384	-64,8%
- Securities and cash	229Â 146	207,4%	74Â 555	811,3%	8Â 181	178Â 304	28,5%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	977Â 875	2,6%	953Â 153	12,2%	849Â 650	2Â 414Â 888	-59,5%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	652Â 730	8,9%	599Â 387	9,3%	548Â 406	807Â 664	-19,2%
Share capital	171Â 000	0%	171Â 000	0%	171Â 000	200Â 000	-14,5%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	23Â 261	0%	23Â 261	0%	23Â 261	0	0%
Liabilities	301Â 880	-8,7%	330Â 503	18,9%	277Â 979	1Â 061Â 177	-71,6%
- Financial liabilities	10Â 476	-20,4%	13Â 160	-72,5%	47Â 902	130Â 298	-92,0%
- Advanced payments received	6Â 233	0%	0	0%	0	0	0%
- Trade account payables	186Â 945	-18,8%	230Â 186	50,6%	152Â 892	369Â 897	-49,5%
- Tax and social liabilities	96Â 706	13,4%	85Â 271	11,2%	76Â 715	219Â 481	-55,9%
- Other debts and fixed assets liabilities	1Â 520	-19,3%	1Â 884	300,9%	470	10Â 243	-85,2%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	977Â 875	2,6%	953Â 152	12,2%	849Â 650	2Â 414Â 888	-59,5%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	2Â 221Â 856	7,6%	2Â 065Â 005	42,4%	1Â 450Â 547	3Â 524Â 823	-37,0%
Net turnover	2Â 228Â 955	10,5%	2Â 017Â 527	34,7%	1Â 498Â 339	3Â 470Â 324	-35,8%
- of which net export turnover	0	0%	151Â 711	24,2%	122Â 140	155Â 314	0%
Operating charges	2Â 026Â 795	6,4%	1Â 905Â 584	32,9%	1Â 433Â 664	3Â 368Â 854	-39,8%
Operating profit/loss	195Â 061	22,4%	159Â 421	844,3%	16Â 883	101Â 838	91,5%
Financial income	846	58,7%	533	-16,3%	637	2Â 600	-67,5%
Financial charges	805	184,5%	283	-93,2%	4Â 164	9Â 598	-91,6%
Financial profit/loss	41	-83,6%	250	107,1%	-3Â 527	-843	104,9%
Pretax net operating income	195Â 102	22,2%	159Â 671	1095,5%	13Â 356	86Â 928	124,4%
Extraordinary income	77	-92,2%	990	90,4%	520	11Â 157	-99,3%
Extraordinary charges	0	0%	2Â 963	6484,4%	45	5Â 742	0%
Extraordinary profit/loss	77	6992,7%	-1Â 973	-515,4%	475	4Â 879	-98,4%
Net result	135Â 993	22,7%	110Â 830	906,0%	11Â 017	96Â 205	41,4%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2011		31/12/2010		31/12/2009
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to VI)	Net	977Â 875	2,6%	953Â 153	12,2%	849Â 650
Gross	CO	2Â 152Â 641	2,4%	2Â 103Â 197	6,4%	1Â 977Â 302
Amortisation	1A	1Â 174Â 766	2,1%	1Â 150Â 044	2,0%	1Â 127Â 652

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2011		31/12/2010		31/12/2009
Total Active fixed asset (II)	Net	84Â 687	-15,6%	100Â 399	-15,2%	118Â 431
Gross	BJ	1Â 255Â 428	0,5%	1Â 249Â 574	0,4%	1Â 245Â 176
Amortisation	BK	1Â 170Â 741	1,9%	1Â 149Â 175	2,0%	1Â 126Â 745

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	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	0	0%	0	0%	0
	Gross	AF	39Â 463	0%	39Â 463	0%	39Â 463
	Amortisation	AG	39Â 463	0%	39Â 463	0%	39Â 463
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	0	0%	0	0%	0

Tangilble fixed assets

		31/12/2011		31/12/2010		31/12/2009
Lands	Net	38Â 379	0%	38Â 379	0%	38Â 379
Gross	AN	38Â 379	0%	38Â 379	0%	38Â 379
Amortisation	AO	0	0%	0	0%	0
Buildings	Net	30Â 557	-20,6%	38Â 470	-23,6%	50Â 366
Gross	AP	224Â 192	1,9%	220Â 081	0%	220Â 081
Amortisation	AQ	193Â 635	6,6%	181Â 611	7,0%	169Â 715
Plant	Net	13Â 762	-34,0%	20Â 838	-19,4%	25Â 850
Gross	AR	884Â 229	0,2%	882Â 268	0,5%	877Â 870
Amortisation	AS	870Â 467	1,0%	861Â 430	1,1%	852Â 020
Other tangible fixed assets	Net	1Â 748	-33,3%	2Â 622	-30,0%	3Â 746
Gross	AT	68Â 924	-0,5%	69Â 293	0%	69Â 293
Amortisation	AU	67Â 176	0,8%	66Â 671	1,7%	65Â 547
Fixed assets in construction	Net	0	0%	0	0%	0
Gross	AV	0	0%	0	0%	0
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	84Â 446		100Â 309		118Â 341

Financial assets

		31/12/2011		31/12/2010		31/12/2009
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	241	167,8%	90	0%	90
Gross	BH	241	167,8%	90	0%	90
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		241		90		90

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	893Â 186	4,7%	852Â 754	16,6%	731Â 218
Gross	CJ	897Â 208	5,1%	853Â 621	16,6%	732Â 123
Amortisation	CK	4Â 022	363,9%	867	-4,2%	905

Stocks

		31/12/2011		31/12/2010		31/12/2009
Raw materials	Net	231Â 503	51,4%	152Â 898	-38,8%	249Â 992
Gross	BL	231Â 503	51,4%	152Â 898	-38,8%	249Â 992
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	119Â 408	-5,7%	126Â 642	48,5%	85Â 296
Gross	BR	119Â 408	-5,7%	126Â 642	48,5%	85Â 296
Amortisation	BS	0	0%	0	0%	0
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	350Â 911	25,5%	279Â 540	-16,6%	335Â 288

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	0	0%	1Â 278	0%	0
Gross	BV	0	0%	1Â 278	0%	0
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	263Â 675	-40,7%	444Â 609	35,7%	327Â 557
Gross	BX	267Â 697	-39,9%	445Â 476	35,6%	328Â 462
Amortisation	BY	4Â 022	363,9%	867	-4,2%	905
Other debtors	Net	10Â 540	-25,4%	14Â 121	-64,7%	40Â 005
Gross	BZ	10Â 540	-25,4%	14Â 121	-64,7%	40Â 005
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	274Â 215	-40,2%	458Â 730	24,8%	367Â 562

Divers

		31/12/2011		31/12/2010		31/12/2009
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	229Â 146	207,4%	74Â 555	811,3%	8Â 181
Gross	CF	229Â 146	207,4%	74Â 555	811,3%	8Â 181
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	229Â 146	207,4%	74Â 555	811,3%	8Â 181

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	38Â 914	0,7%	38Â 647	91,4%	20Â 187
Gross	CH	38Â 914	0,7%	38Â 647	91,4%	20Â 187
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0	0%	90
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2010		31/12/2009
	Grand Total (I to V)	EE	977Â 875	2,6%	953Â 152	12,2%	849Â 650

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	652Â 730	8,9%	599Â 387	9,3%	548Â 406
Equity and shareholders' equity	DA	171Â 000	0%	171Â 000	0%	171Â 000
Issue and merger premiums	DB	1Â 451	0%	1Â 451	0%	1Â 451
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	17Â 100	0%	17Â 100	0%	17Â 100
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	327Â 186	9,4%	299Â 006	-14,0%	347Â 838
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	135Â 993	22,7%	110Â 830	906,0%	11Â 017
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

		31/12/2011		31/12/2010		31/12/2009
Total other capital resources (Total II)	DO	0	0%	0	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

		31/12/2011		31/12/2010		31/12/2009
Total provisions for risks and charges (Total III)	DR	23Â 261	0%	23Â 261	0%	23Â 261
Risk provisions	DP	0	0%	0	0%	0
Reserves for charges	DQ	23Â 261	0%	23Â 261	0%	23Â 261

Liabilities (IV)

		31/12/2011		31/12/2010		31/12/2009
Total Liabilities (Total IV)	EC	301Â 880	-8,7%	330Â 503	18,9%	277Â 979
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	2Â 315	-95,2%	47Â 902
Sundry loans and financial liabilities	DV	10Â 476	-3,4%	10Â 845	0%	0
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	6Â 233	0%	0	0%	0
Trade accounts payables	DX	186Â 945	-18,8%	230Â 186	50,6%	152Â 892
Tax and social security liabilities	DY	96Â 706	13,4%	85Â 271	11,2%	76Â 715
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	1Â 520	-19,3%	1Â 884	300,9%	470

Translation loss (V)

			31/12/2011		31/12/2010		31/12/2009
	Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

			31/12/2011		31/12/2010		31/12/2009
	Deferred income	EB	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	295Â 649	-10,5%	330Â 503	19,4%	276Â 823
Of which current bank facilities	EH	0	0%	0	0%	31Â 895

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2010		31/12/2009
	Operating result (Total I-II)	GG	195Â 061	22,4%	159Â 421	844,3%	16Â 883

2 - Financial result (V - VI)

			31/12/2011		31/12/2010		31/12/2009
	Financial result (Total V-VI)	GV	41	-83,6%	250	107,1%	-3Â 527

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

			31/12/2011		31/12/2010		31/12/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	195Â 102	22,2%	159Â 671	1095,5%	13Â 356

4 - Extraordinary result (VII-VIII)

			31/12/2011		31/12/2010		31/12/2009
	Extraordinary result (Total VII-VIII)	HI	77	103,9%	-1Â 973	-515,4%	475

Profit or loss

			31/12/2011		31/12/2010		31/12/2009
	Profit or loss	HN	135Â 993	22,7%	110Â 830	906,0%	11Â 017

Total Income (I+III+V+VII)

			31/12/2011		31/12/2010		31/12/2009
	Total Income (I+III+V+VII)	HL	2Â 222Â 779	7,6%	2Â 066Â 528	42,4%	1Â 451Â 704

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

			31/12/2011		31/12/2010		31/12/2009
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	2Â 086Â 785	6,7%	1Â 955Â 697	35,7%	1Â 440Â 687

Operating income (I)

			31/12/2011		31/12/2010		31/12/2009
	Total operating income (Total I)	FR	2Â 221Â 856	7,6%	2Â 065Â 005	42,4%	1Â 450Â 547

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
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	2Â 216Â 492	11,0%	1Â 997Â 237	34,3%	1Â 486Â 722
France	FD	2Â 216Â 492	20,1%	1Â 845Â 526	35,2%	1Â 365Â 069
Export	FE	0	0%	151Â 711	24,7%	121Â 653
Sale of services	FI	12Â 463	-38,6%	20Â 290	74,7%	11Â 617
France	FG	12Â 463	-38,6%	20Â 290	82,3%	11Â 130
Export	FH	0	0%	0	0%	487
Net turnover	FL	2Â 228Â 955	10,5%	2Â 017Â 527	34,7%	1Â 498Â 339
France	FJ	2Â 228Â 955	19,5%	1Â 865Â 816	35,6%	1Â 376Â 199
Export	FK	0	0%	151Â 711	24,2%	122Â 140
Stocked production	FM	-7Â 234	-117,5%	41Â 346	177,6%	-53Â 250
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	860	0%	0
Release of reserves and provisions	FP	79	-97,7%	3Â 490	-31,2%	5Â 069
Other income	FQ	56	-96,9%	1Â 782	358,1%	389

Operating charges (II)

			31/12/2011		31/12/2010		31/12/2009
	Total operating charges (Total II)	GF	2Â 026Â 795	6,4%	1Â 905Â 584	32,9%	1Â 433Â 664

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
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	1Â 156Â 025	23,8%	933Â 653	56,3%	597Â 440
Change in stocks of raw materials	FV	-78Â 605	-181,0%	97Â 094	1013,3%	8Â 721
Other external purchases and charges	FW	369Â 392	17,3%	314Â 825	22,9%	256Â 065
Tax, duty and similar payments	FX	27Â 251	-2,0%	27Â 809	-35,4%	43Â 032
Payroll	FY	371Â 320	4,3%	355Â 843	-0,1%	356Â 183
Social security costs	FZ	153Â 699	0,4%	153Â 142	6,8%	143Â 356

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	21Â 934	-2,2%	22Â 430	-21,8%	28Â 666
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	3Â 155	0%	0	0%	38
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

			31/12/2011		31/12/2010		31/12/2009
	Other charges	GE	2Â 624	233,0%	788	383,4%	163

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		31/12/2011		31/12/2010		31/12/2009
Total financial income (Total V)	GP	846	58,7%	533	-16,3%	637
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	846	58,7%	533	-16,3%	637
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	0	0%	0	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2009
Total financial charge (Total VI)	GU	805	184,5%	283	-93,2%	4Â 164
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	805	184,5%	283	-93,2%	4Â 164
Exchange losses	GS	0	0%	0	0%	0
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Financial Charge (VII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary income (Total VII)	HD	77	-92,2%	990	90,4%	520
Extraordinary operating income	HA	77	-92,2%	990	90,4%	520
Extraordinary income from capital transactions	HB	0	0%	0	0%	0
Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary charges (Total VIII)	HH	0	0%	2Â 963	6484,4%	45
Extraordinary operating charges	HE	0	0%	2Â 963	6484,4%	45
Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

			31/12/2011		31/12/2010		31/12/2009
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			31/12/2011		31/12/2010		31/12/2009
	Tax on profits (Total X)	HK	59Â 185	26,3%	46Â 867	1565,5%	2Â 814

References

		31/12/2011		31/12/2010		31/12/2009
Of which equipment leases	HP	16Â 444	0%	16Â 444	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	0	0%	0
Decreasess by transfers	OK2	368	0%	0	0%	0
Gross value at the end of period	OL	1Â 255Â 431	0,5%	1Â 249Â 575	0,4%	1Â 245Â 177

Research and development Charge (Total I)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	C01	0	0%	0	0%	0
Decreasess by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	KD	39Â 463	0%	39Â 463	0%	39Â 463
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	39Â 463	0%	39Â 463	0%	39Â 463

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	1Â 210Â 018	0,4%	1Â 205Â 620	1,5%	1Â 188Â 241
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	6Â 071	38,0%	4Â 398	-74,7%	17Â 379
Decreasess by budget item transfer	NG1	0	0%	0	0%	0
Decreasess by transfers	NG2	368	0%	0	0%	0
Gross value at the end of period	NH	1Â 215Â 721	0,5%	1Â 210Â 018	0,4%	1Â 205Â 620

Fiancial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	90	0%	90	0%	90
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	151	0%	0	0%	0
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	241	167,8%	90	0%	90

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

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	39Â 463	0%	39Â 463	20,1%	32Â 852
Increases		PF	0	0%	0	0%	6Â 611
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	39Â 463	0%	39Â 463	0%	39Â 463

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	1Â 109Â 710	2,1%	1Â 087Â 281	2,1%	1Â 065Â 224
Increases		QV	21Â 933	-2,2%	22Â 427	1,7%	22Â 052
Decreases		QW	368	0%	0	0%	0
	Decreasess by budget item transfer	QX	1Â 131Â 275	1,9%	1Â 109Â 714	2,1%	1Â 087Â 276

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

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2011		31/12/2010		31/12/2009
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	317Â 393	-36,3%	498Â 336	28,2%	388Â 745
1 year at most	VU	317Â 152	-36,3%	498Â 246	28,2%	388Â 745
More than one year	VV	241	167,8%	90	0%	0

State of loans

		31/12/2011		31/12/2010		31/12/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	241	167,8%	90	0%	90
Other financial assets (1 year at most)	UV	0	0%	0	0%	90

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	4Â 810	363,8%	1Â 037	-4,2%	1Â 083
Other claims customer	UX	262Â 886	-40,8%	444Â 439	35,8%	327Â 379
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	400	183,7%	141	-25,8%	190
Social Security and other social organizations	UZ	0	0%	1Â 196	28,1%	934
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	6Â 460	-31,9%	9Â 480	138,0%	3Â 983
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	10Â 087
Group and Associates	VC	0	0%	0	0%	23Â 664
Accounts receivable (including claims relating to the operation of pension titles)	VR	3Â 680	11,4%	3Â 303	188,5%	1Â 145

Prepaid

			31/12/2011		31/12/2010		31/12/2009
	Prepaid	VS	38Â 914	0,7%	38Â 647	91,4%	20Â 187

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	295Â 649	-10,5%	330Â 503	18,9%	277Â 981
1 year at most		VZ2	295Â 649	-10,5%	330Â 503	19,4%	276Â 824
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	1Â 157
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	31Â 895
1 year at most		VG2	0	0%	0	0%	31Â 895
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	2Â 315	-85,5%	16Â 007
1 year at most		VH2	0	0%	2Â 315	-84,4%	14Â 850
More than 1 year and 5 years at most		VH3	0	0%	0	0%	1Â 157
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	186Â 945	-18,8%	230Â 186	50,6%	152Â 892
1 year at most		8B2	186Â 945	-18,8%	230Â 186	50,6%	152Â 892
More than 1 year and 5 years at most		8B3	186Â 945	-18,8%	230Â 186	50,6%	152Â 892
	Personnel and associated accounts (gross)	8C1	30Â 317	-6,2%	32Â 334	43,6%	22Â 512
1 year at most		8C2	30Â 317	-6,2%	32Â 334	43,6%	22Â 512
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	45Â 748	10,6%	41Â 349	6,1%	38Â 984
1 year at most		8D2	45Â 748	10,6%	41Â 349	6,1%	38Â 984
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	8Â 010	1257,6%	590	-92,1%	7Â 463
1 year at most		VW2	8Â 010	1257,6%	590	-92,1%	7Â 463
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	12Â 631	14,8%	10Â 998	41,8%	7Â 755
1 year at most		VQ2	12Â 631	14,8%	10Â 998	41,8%	7Â 755
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
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	10Â 476	-3,4%	10Â 845	0%	0
1 year at most		VI2	10Â 476	-3,4%	10Â 845	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	1Â 520	-19,3%	1Â 884	300,9%	470
1 year at most		8K2	1Â 520	-19,3%	1Â 884	300,9%	470
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Loans made during the period	VJ	0	0%	0	0%	4Â 572
Debt repaid during the period	VK	2Â 315	0%	0	0%	11Â 114

Table allocation results and other information
Dividends distributed

			31/12/2011		31/12/2010		31/12/2009
	Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2009
Commitments leasing furniture	YQ	0	0%	16Â 445	-50,0%	32Â 890
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2011		31/12/2010		31/12/2009
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2011		31/12/2010		31/12/2009
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2011		31/12/2010		31/12/2009
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

			31/12/2011		31/12/2010		31/12/2009
	Average number of employees	YP	13	0%	0	0%	13

Groups and Shareholders

			31/12/2011		31/12/2010		31/12/2009
	Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing	1,48	3,5%	1,43	3,6%	1,38	1,59	-6,9%
Global Debt	49 days	-16,9%	59 days	-11,9%	67 days	101 days	-51,5%
Working Capital Fund overall net	97 days	1,0%	96 days	-15,0%	113 days	88 days	10,2%
Financial independence	%	-	25891,45%	2161,6%	1144,85%	1029,17%	-

Solvability	66,75%	6,2%	62,88%	-2,6%	64,54%	47,58%	40,3%
Capacity debt futures	%	-	25891,45%	2106,9%	1173,19%	2560,34%	-
Coverage of current assets by net working capital overall	70,11%	6,7%	65,70%	-0,3%	65,91%	51,08%	37,3%
General Liquidity	1,07	-29,1%	1,51	7,9%	1,40	0,98	9,2%
Restricted Liquidity	1,85	6,9%	1,73	21,0%	1,43	1,54	20,1%

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	54 days	-28,0%	75 days	-34,2%	114 days	57 days	-5,3%
Treasury	37 days	184,6%	13 days	316,7%	-6 days	17,50 days	111,4%
Inventory turnover of goods	days	-	days	-	days	63 days	-
Average length of credit granted to customers	43 days	-45,6%	79 days	0%	79 days	73 days	-41,1%
Average length of credit obtained suppliers	47 days	-24,2%	62 days	-3,1%	64 days	73 days	-35,6%

Inventory turnover of raw materials in industrial enterprises	72 days	22,0%	59 days	-60,9%	151 days	67 days	7,5%
Inventory turnover of intermediate and finished products in the industrial enterprise	183 days	9,6%	167 days	34,7%	124 days	203 days	-9,9%
Rotation tangible assets	183,34%	10,0%	166,74%	34,2%	124,28%	223,33%	-17,9%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	0%	0%	0%	0%	0	0%	0%
Profitability of the business	9,99	13,7%	8,79	226,8%	2,69	7,32%	36,5%
Net profit	6,10%	11,1%	5,49%	641,9%	0,74%	4,30%	41,9%

Growth rate of turnover (excluding VAT)	10,48%	-69,8%	34,65%	201,3%	-34,20%	13,87%	-24,4%
Rates integration	34,77%	-1,7%	35,36%	-9,1%	38,90%	40,77%	-14,7%
Rate leasing furniture	0,74%	-9,8%	0,82%	0%	0%	0%	0%
Work Factor	67,75%	-5,1%	71,36%	-16,7%	85,70%	75,77%	-10,6%
Weight interests	0,04	300%	0,01%	-96,4%	0,28%	0,36%	-88,9%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	7,09%	7,3%	6,61%	149,4%	2,65%	6,52%	8,7%
Rates of economic profitability	34%	17,2%	29%	314,3%	7%	16%	112,5%
Financial profitability	652730%	8,9%	599387%	9,3%	548406%	807664%	-19,2%
Return on investment	20,63%	13,7%	18,14%	611,4%	2,55%	10,71%	92,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	2Â 228Â 955	10,5%	2Â 017Â 527	34,7%	1Â 498Â 339	3Â 470Â 324 €	-35,8%

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 €	0 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	0 % CA	0%

Sale of goods produced	2Â 228Â 955	10,5%	2Â 017Â 527	34,7%	1Â 498Â 339
+/- Stocked production	-7Â 234	-117,5%	41Â 346	177,6%	-53Â 250
+ Self-constructed assets	0	0%	0	0%	0
Period production	2Â 221Â 721 €	7,9%	2Â 058Â 873 €	42,5%	1Â 445Â 089 €	1Â 792Â 940 €	23,9%
	99,68 % CA	-2,3%	102,05 % CA	5,8%	96,45 % CA	99,54 % CA	0,1%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	2Â 221Â 721	7,9%	2Â 058Â 873	42,5%	1Â 445Â 089	1Â 792Â 940	23,9%
- Purchase of raw materials	1Â 156Â 025	23,8%	933Â 653	56,3%	597Â 440
+/- Change in stocks of raw materiels	-78Â 605	-181,0%	97Â 094	1013,3%	8Â 721
- Other external purchases and charges	369Â 392	17,3%	314Â 825	22,9%	256Â 065
Added value	774Â 909 €	8,6%	713Â 301 €	22,4%	582Â 863 €	1Â 130Â 802 €	-31,5%
	34,77 % CA	-1,7%	35,36 % CA	-9,1%	38,90 % CA	40,77 % CA	-14,7%

Added value	774Â 909 €	8,6%	713Â 301 €	22,4%	582Â 863 €	1Â 130Â 802 €	-31,5%
+ Operating grants	0	0%	860	0%	0
- Tax, duty and similar payments	27Â 251	-2,0%	27Â 809	-35,4%	43Â 032
- Personal charges	525Â 019	3,2%	508Â 985	1,9%	499Â 539
Gross operating surplus	222Â 639 €	25,5%	177Â 367 €	340,2%	40Â 292 €	170Â 341 €	30,7%
	9,99 % CA	13,7%	8,79 % CA	226,8%	2,69 % CA	7,32 % CA	36,5%

Gross operating surplus	222Â 639 €	25,5%	177Â 367 €	340,2%	40Â 292 €	170Â 341 €	30,7%
+ Release of reserves and provisions	79	-97,7%	3Â 490	-31,2%	5Â 069
+ Other operating income	56	-96,9%	1Â 782	358,1%	389
- Depreciation/Amortisation	25Â 089	11,9%	22Â 430	-21,9%	28Â 704
- Other charges	2Â 624	233,0%	788	383,4%	163
Operating result	195Â 061 €	22,4%	159Â 421 €	844,3%	16Â 883 €	101Â 838 €	91,5%
	8,75 % CA	10,8%	7,90 % CA	599,1%	1,13 % CA	4,46 % CA	96,2%

Operating result	195Â 061 €	22,4%	159Â 421 €	844,3%	16Â 883 €	101Â 838 €	91,5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	846	58,7%	533	-16,3%	637
- Financial charges	805	184,5%	283	-93,2%	4Â 164
Pre-tax result	195Â 102 €	22,2%	159Â 671 €	1095,5%	13Â 356 €	86Â 928 €	124,4%
	8,75 % CA	10,6%	7,91 % CA	788,8%	0,89 % CA	4,36 % CA	100,7%

Extraordinary income	77	-92,2%	990	90,4%	520	11Â 157	-99,3%
- Extraordinary charges	0	0%	2Â 963	6484,4%	45
Extraordinary result	77 €	103,9%	-1Â 973 €	-515,4%	475 €	4Â 879 €	-98,4%
	0,00 % CA	0%	-0,10 % CA	-433,3%	0 % CA	0,13 % CA	0%

Pre-tax result	195Â 102 €	22,2%	159Â 671 €	1095,5%	13Â 356 €	86Â 928 €	124,4%
Extraordinary result	77 €	103,9%	-1Â 973 €	-515,4%	475 €	4Â 879 €	-98,4%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	59Â 185	26,3%	46Â 867	1565,5%	2Â 814
Net result	135Â 994 €	22,7%	110Â 831 €	906,0%	11Â 017 €	96Â 204 €	41,4%
	6,10 % CA	11,1%	5,49 % CA	641,9%	0,74 % CA	4,30 % CA	41,9%

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	30/12/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

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

Linkages

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

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
21/08/2012	Bodacc C	Comptes annuels et rapports

89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE DE SENS 8472 - 338736002 RCS. PROFIL INDUSTRIE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Adresse : 3 rue Paul Painleve 89400 Migennes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
27/09/2011	Bodacc B	Modification et mutation diverse

89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE DE SENS 2399 - 338 736 002 RCS Sens. PROFIL INDUSTRIE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Administration : PrÃ©sident de la sociÃ©tÃ© : BLOUET Serge Commissaire aux comptes titulaire : CABINET EMMANUEL CHEVIGNARD Commissaire aux comptes supplÃ©ant : VERSALYS. Capital : 171000 EUR. ActivitÃ© : Fabrication et vente d'engrenages et d'organes de transmission. Adresse de lâ€™Ã©tablissement principal : 3 rue Paul PainlevÃ©, 89400 Migennes. Adresse du siÃ¨ge social : 3 rue Paul PainlevÃ©, 89400 Migennes. Commentaires : Changement de commissaire aux comptes SUPPLEANT. Date de commencement de lâ€™activitÃ© : 01/10/1993. Date dâ€™effet : 24/06/2011.
23/08/2010	Bodacc C	Comptes annuels et rapports

89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE DE SENS 11394 - 338736002 RCS. PROFIL INDUSTRIE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Adresse : 3 rue Paul PainlevÃ© 89400 Migennes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
07/08/2009	Bodacc C	Comptes annuels et rapports

89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE DE SENS 11886 - 338736002 RCS. PROFIL INDUSTRIE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Adresse : 3 rue Paul PainlevÃ© 89400 Migennes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
29/08/2008	Bodacc C	Comptes annuels et rapports

89 - YONNE GREFFE DU TRIBUNAL DE COMMERCE DE JOIGNY 11490 - 338736002 RCS. PROFIL INDUSTRIE. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Adresse : 3 rue Paul PainlevÃ© 89400 Migennes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
18/10/2007	Bodacc C	Avis de dÃ©pÃ´t des comptes

9351 - 338 736 002. RCS Joigny PROFIL INDUSTRIE. Forme: SociÃ©tÃ© par actions simplifiÃ©e. Adresse du siÃ¨ge social: 3 rue Paul Painleve 89400 Migennes. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2006.
09/09/2006	Bodacc C	Avis de dÃ©pÃ´t des comptes

5698 - RCS Joigny B 338 736 002. RC 94-B 5. PROFIL INDUSTRIE. Forme: SAS . Adresse du siÃ¨ge social: 3, rue Paul Painleve,89400 Migennes. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2005.
01/09/2005	Bodacc C	Avis de dÃ©pÃ´t des comptes

5518 - RCS Joigny B 338 736 002. RC 94-B 5. PROFIL INDUSTRIE. Forme: SAS . Adresse du siÃ¨ge social: 3, rue Paul Painleve,89400 Migennes. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2004.
11/11/2001	Bodacc B	Modifications et mutations diverses

RCS Joigny B 338736002 RC 94-B 5 PROFIL INDUSTRIE. Forme : S.A.S. Capital : 171 000 euros. Adresse du siÃ¨ge social : 3 rue Paul-PainlevÃ©, 89400 Migennes. Administration : commissaire aux comptes titulaire : CABINET EMMANUEL CHEVIGNARD. Commissaire aux comptes supplÃ©ant : BRACIEUX JEAN LAURENT. Ancien prÃ©sident FAVIN (Jacques) Etablissement principal: ActivitÃ© : fabrication, vente d' engrenage et d'organes de transmission. Adresse : 3 rue Paul-PainlevÃ©, 89400 Migennes. Date d'effet : 4 octobre 2001.
18/01/2001	Bodacc B	Modifications et mutations diverses

Ancienne situation du siÃ¨ge social. RCS Joigny B 338736002 RC 94-B 5 PROFIL INDUSTRIE. Forme : S.A. Capital : 855 000 F. Adresse : 3 rue Paul-PainlevÃ©, 89400 Migennes. Administration : commissaire aux comptes titulaire : CABINET EMMANUEL CHEVIGNARD. Commissaire aux comptes supplÃ©ant : BRACIEUX (Jean- Laurent). Anciens administrateurs : E.U. R.L. FINANCIERE FAVIN-FIFA MOUCAUD ( Christian) Nouvelle situation du siÃ¨ge social. Forme : S.A.S. Capital : 171 000 euros Etablissement principal: ActivitÃ© : fabrication, vente d'engrenages et d' organes de transmission. Adresse : 3 rue Paul-PainlevÃ©, 89400 Migennes. Date d'effet : 30 novembre 2000.
21/02/1999	Bodacc B	Modifications et mutations diverses

RCS Joigny B 338 736 002 RC 94-B 5 PROFIL INDUSTRIE. Forme : S.A. Ã conseil d'administration. Capital : 855 000 F. Adresse du siÃ¨ge social : 3 rue Paul- PainlevÃ© 89400 Migennes. Administration : P.-D.G. : FAVIN (Jacques, Pierre). Administrateurs : FINANCIERE FAVIN-FIFA MOUCAUD (Christian, FranÃ§ois, Gery). Commissaire aux comptes titulaire : CABINET EMMANUEL CHEVIGNARD. Commissaire aux comptes supplÃ©ant : BRACIEUX (Jean, Laurent). Ancien administrateur : CAMUS (Christian) Etablissement principal: ActivitÃ© : fabrication, vente d'engrenages et d' organes de transmission. Adresse : 3 rue Paul-PainlevÃ© 89400 Migennes. Date d'effet : 1er dÃ©cembre 1998.
30/10/1996	Bodacc B	Modifications et mutations diverses

RCS Joigny B 338 736 002 PROFIL INDUSTRIE. Forme : S.A. Capital : 855 000 F (fixe). Adresse du siÃ¨ge social : 3 rue Paul-PainlevÃ©, 89400 Migennes. Administration : nomination en qualitÃ© d' administrateur de la sociÃ©tÃ© FINANCIERE FAVIN - FIFA, en remplacement de MOUCAUD (Christian) ancien administrateur : DUTEIN (Laurent), non remplacÃ©. Date d'effet : 21 juin 1996.
05/09/1995	Bodacc B	Modifications et mutations diverses

RCS Joigny b 338736002 profil industrie. Forme : S.A. Capital : 855 000 F (fixe). Adresse du siÃ¨ge social : 3, rue Paul- PainlevÃ©, 89400 Migennes. Administration : nomination de DUTEIN (Laurent), en qualitÃ© de nouvel administrateur. Date d'effet : 16juin1995.

Company events history

Date	Description
06/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/08/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
27/09/2011	Bodacc B: Various editing or changing
03/08/2011	Amendment
03/08/2011	New auditor
25/07/2011	Bodacc C : Deposit accounts notice
16/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
23/08/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
30/12/2009	Collection of preferential rights activated for this company
07/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
29/08/2008	Bodacc C : Deposit accounts notice
29/01/2008	Update of Company Activity
29/01/2008	Modification of Company Activity
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
29/10/2001	PV d'AssemblÃ©e
29/10/2001	Nomination/dÃ©mission des organes de gestion
29/10/2001	Acte sous seing privÃ©
29/10/2001	Changement de PrÃ©sident (PDG, PCA)
27/12/2000	Changement de Forme Juridique sans changement de catÃ©gorie
27/12/2000	Fusion
27/12/2000	Augmentation de Capital
27/12/2000	Conversion du Capital Social en Euros
27/12/2000	RÃ©duction de Capital
27/12/2000	Changement de PrÃ©sident (PDG, PCA)
27/12/2000	Acte sous seing privÃ©
27/12/2000	DÃ©claration de conformitÃ©
27/12/2000	PV d'AssemblÃ©e
27/12/2000	Statuts mis Ã jour
03/08/2000	Projet de Fusion
03/08/2000	Acte sous seing privÃ©
03/08/2000	Fusion
27/01/1999	Nomination/dÃ©mission des organes de gestion
27/01/1999	PV d'AssemblÃ©e
27/01/1999	Modification du Conseil d'Administration
27/01/1999	Acte sous seing privÃ©
19/07/1996	Nomination/dÃ©mission des organes de gestion
19/07/1996	PV d'AssemblÃ©e
19/07/1996	Modification du Conseil d'Administration
24/07/1995	PV d'AssemblÃ©e
24/07/1995	Nomination/dÃ©mission des organes de gestion
24/07/1995	Modification du Conseil d'Administration
18/05/1994	PV d'AssemblÃ©e
18/05/1994	Augmentation de Capital
18/05/1994	Statuts mis Ã jour
18/05/1994	Changement de date de clÃ´ture
18/05/1994	Fusion
18/05/1994	DÃ©claration de conformitÃ©
21/02/1994	Acte sous seing privÃ©
21/02/1994	Projet de Fusion
19/01/1994	Immatriculation suite Ã transfert
19/01/1994	DÃ©claration de conformitÃ©
19/01/1994	Statuts mis Ã jour
19/01/1994	PV du Conseil d'Administration
16/12/1993	PV du Conseil d'Administration
16/12/1993	Transfert du SiÃ¨ge dans le ressort du Tribunal de Commerce
16/12/1993	Transfert du SiÃ¨ge hors du ressort du Tribunal de Commerce
26/11/1993	RequÃªte et Ordonnance
19/07/1993	PV d'AssemblÃ©e
19/07/1993	Changement de date de clÃ´ture
19/07/1993	DÃ©claration de conformitÃ©
19/07/1993	Statuts mis Ã jour
19/07/1993	Changement de Commissaire aux Comptes
19/07/1993	PV du Conseil d'Administration
19/07/1993	Augmentation de Capital
07/05/1992	DÃ©claration de conformitÃ©
07/05/1992	Augmentation de Capital
07/05/1992	Statuts mis Ã jour
07/05/1992	Rapport des Commissaires ou du GÃ©rant
07/05/1992	PV d'AssemblÃ©e
07/05/1992	Certificat de dÃ©pÃ´t des fonds
07/05/1992	RÃ©duction de Capital
07/05/1992	Modification du Conseil d'Administration
07/05/1992	PV du Conseil d'Administration

Establishment events history

Date	Description
06/10/2012	Update Limit
09/12/2011	Update Rating
05/08/2011	Update Rating
16/07/2011	Update Limit
16/07/2011	Update Rating
07/05/2011	Update Rating
27/07/2010	Update Limit
27/07/2010	Update Rating
01/01/2010	Update Rating
20/11/2009	Update of phone numbers
07/08/2009	Update Limit
06/06/2009	Update Rating
22/08/2008	Update Rating
22/08/2008	Update Limit
29/01/2008	Modification of Head office Activity
29/01/2008	Update of Establishment Activity
13/01/2008	Update Limit
16/12/2007	Update Limit
10/12/2007	Update Limit
09/12/2007	Update Limit
28/08/2007	Update Limit
28/08/2007	Update Rating

directors

Name	M. BLOUET SERGE
Manager position	PrÃ©sident	Date of birth	05/11/1953
Place of birth	54 NANCY
Type	Individual	Name at birth

PREVIOUS DIRECTORS

Manager position	Title and name	Date of Birth/Place of Birth
PrÃ©sident	M SERGE BLOUET	05/11/1953 - NANCY
Administrateur	FINANCIERE FAVIN FIFA	- - -

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.66
UK Pound	1	Rs.86.37
Euro	1	Rs.69.24

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

Financials accounts

judgements

directors

Unit