MIRA INFORM REPORT

Report Date :

12.04.2013

IDENTIFICATION DETAILS

Name :	ITECA SOCADEI
Registered Office :	Tourillon B3 R D. Papin Le Petit Arbois Bas 13290 Les Milles
Country :	France
Financials (as on) :	31.03.2003
Date of Incorporation :	August 1985
Com. Reg. No.:	RCS Aix-en-Provence 9 332 159 474
Legal Form :	Simplified Joint Stock Company
Line of Business :	Overall design and on-site assembly equipment Industrial process control
No. of Employees :	50 to 99 employees

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Name

ITECA SOCADEI

SIRET

332 159 474 00037

company summary

Trading Address	44 5 Ruedenis Papin 13592 Aix En Provence Cedex 3 Ras Al Khaima Free Zone PO Box 73676, France	EUR VAT Number	FR53332159474
Activity (APE)	Overall design and on-site assembly equipment Industrial process control (3320C)	Legal form	Simplified joint stock company
Phone	04 42 97 77 00	RCS Registration	RCS Aix-en-Provence 9 332 159 474
Fax	04 42 97 77 33	Share capital	325,313 Euros
Address	ITECA SOCADEI TOURILLON B3 R D. PAPIN LE PETIT ARBOIS BAS 13290 LES MILLES	Incorporated Date	08/1985
Nationality	France	Status	Economically active

Current Directors

1

Trading to Date	03/31/2003
Turnover	5,404,161 €
Gross Operating Surplus	7,35 % Turnover
Shareholders’ equity	401,781 €
Net result	6,607 €
Employees	50 to 99 employees

company details

Company details

Activity (APE)	Conception d'ensemble et assemblage sur site industriel d'équipements de contrôle des processus industriels  (3320C)
RCS Registration	RCS Aix-en-Provence 9 332 159 474	Share capital	325,313 Euros
Registration Court	Aix-en-Provence (13)	Legal form	Simplified joint stock company
Court Registry Number	19 9 2B000	EUR VAT Number	FR53332159474
Incorporation Date	08/1985	Formation Date	01/1985
Deregistration Date		Last account Date	31/03/2003
Nationality	France

DIRECTORS/MANAGEMENT

directors

Name	HAIDER ANIS
Manager position	Président	Date of birth	20/04/1959
Place of birth	CARACHI (PAKISTAN)(PAKISTAN)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	M ANIS HAIDER	20/04/1959 - CARACHI PAKISTAN

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	2
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

Payment Information Summary - Trade Payment Data

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	2
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

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.

event history

FINANCIAL INFORMATION

Annual Accounts	31/03/2003
Account period (month)	12
Account Type	Normal
Deposit date	-
Activity Code	3320C
Employees	0	-	-

Active account

Annual Accounts	31/03/2003	Sector Median 2003
Capital not called	0	0	0%
Total fixed assets	481 330	35 514,50	1255,3%
- Intangible assets	426 610	314,50	135547,1%
- Tangible assets	49 899	20 253	146,4%
- Financial assets	4 821	1 402	243,9%
Net current assets	3 943 630	317 081	1143,7%
- Stocks	441 912	32 444,50	1262,1%
- Advanced payments	2 034	0	0%
- Receivables	3 474 114	188 887,50	1739,3%
- Securities and cash	25 570	44 831,50	-43,0%
- Prepaid expenses	-	853,50	-
Accounts of regularization	59 686	0	0%
Total Assets	4 484 646	377 682	1087,4%

Passive Account

Annual Accounts	31/03/2003	Sector Median 2003
Shareholders' equity	401 781	110 740	262,8%
Share capital	305 000	38 112	700,3%
Other capital resources	107 529	0	0%
Risk Provisions	57 807	0	0%
Liabilities	3 917 530	244 989	1499,1%
- Financial liabilities	1 128 241	25 707,50	4288,8%
- Advanced payments received	873	0	0%
- Trade account payables	1 989 355	77 906	2453,5%
- Tax and social liabilities	509 752	91 118	459,4%
- Other debts and fixed assets liabilities	230 521	2 757,50	8259,8%
Account regularization	58 788	0	0%
Total liabilities	4 484 646	377 682	1087,4%

Results

Annual Accounts	31/03/2003	Sector Median 2003
Sales of Goods	5 479 551	597 659	816,8%
Net turnover	5 404 161	585 808	822,5%
- of which net export turnover	4 308 399	0	0%
Operating charges	5 365 271	572 631	837,0%
Operating profit/loss	114 280	22 212,50	414,5%
Financial income	1 754	130	1249,2%
Financial charges	72 217	1 603	4405,1%
Financial profit/loss	-70 463	-533,50	-13107,7%
Pretax net operating income	43 817	20 941,50	109,2%
Extraordinary income	0	435,50	0%
Extraordinary charges	33 085	524	6213,9%
Extraordinary profit/loss	-33 085	0	0%
Net result	6 607	16 527	-60,0%

Normal Account	31/03/2003
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/03/2003
	Grand Total (I to VI)	Net	4 484 646
	Gross	CO	5 962 615
	Amortisation	1A	1 477 969

Non declared distributed capital (I)

		31/03/2003
Non declared distributed capital (I)	AA3	0
Gross	AA	-

Active fixed asset (II)

		31/03/2003
Total Active fixed asset (II)	Net	481 330
Gross	BJ	1 852 500
Amortisation	BK	1 371 170

Intangilble fixed assets

			31/03/2003
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	400 020
	Gross	CX	1 605 414
	Amortisation	AE	1 205 394
	Distributorships, patents	Net	2 726
	Gross	AF	2 942
	Amortisation	AG	216
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	23 864
	Gross	AJ	58 341
	Amortisation	AK	34 477
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	426 610

Tangilble fixed assets

			31/03/2003
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	0
	Gross	AP	0
	Amortisation	AQ	0
	Plant	Net	18 381
	Gross	AR	47 937
	Amortisation	AS	29 556
	Other tangible fixed assets	Net	31 518
	Gross	AT	133 045
	Amortisation	AU	101 527
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0
	Sub Total Tangible asset	Net	49 899

Financial assets

			31/03/2003
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	1 170
	Gross	CU	1 170
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	3 049
	Gross	BF	3 049
	Amortisation	BG	0
	Other financial assets	Net	602
	Gross	BH	602
	Amortisation	BI	0
	Sub Total Financial Assets		4 821

Current Assets (III)

		31/03/2003
Total Assets	Net	3 943 630
Gross	CJ	4 050 428
Amortisation	CK	106 799

Stocks

		31/03/2003
Raw materials	Net	317 265
Gross	BL	317 265
Amortisation	BM	0
Work in progress (goods)	Net	25 577
Gross	BN	25 577
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	99 070
Gross	BR	121 315
Amortisation	BS	22 245
Goods for resale	Net	0
Gross	BT	0
Amortisation	BU	0
Sub Total Stocks	Net	441 912

Advance payments to suppliers

		31/03/2003
Advance payments to suppliers	Net	2 034
Gross	BV	2 034
Amortisation	BW	0

Debtors

		31/03/2003
Trade accounts receivable	Net	3 020 534
Gross	BX	3 105 088
Amortisation	BY	84 554
Other debtors	Net	242 098
Gross	BZ	242 098
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	3 262 632

Divers

		31/03/2003
Investment securities	Net	1 537
Gross	CD	1 537
Amortisation	CE	0
Cash and cash equivalents	Net	24 033
Gross	CF	24 033
Amortisation	CG	0
Sub Total Divers	Net	25 570

Prepaid expenses

		31/03/2003
Prepaid expenses	Net	211 482
Gross	CH	211 482
Amortisation	CI	0

Equalization accounts (IV to VI)

		31/03/2003
Multi-period charges	CW3	0
Gross		-
Premiums on redemption of bonds	CM3	0
Gross		-
Currency differential gain	CN3	59 686
Gross		-

References

		31/03/2003
Due within one year	CP	3 049
Due after one year	CR	602

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

Grand Total - Passive Accounts (I to IV)

		31/03/2003
Grand Total (I to V)	EE	4 484 646

Shareholder Equity (I)

		31/03/2003
Total shareholders' equity (Total I)	DL	401 781
Equity and shareholders' equity	DA	305 000
Issue and merger premiums	DB	0
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	30 500
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	0
Of which special reserve of provisions for current fluctuation	B1	0
Other reserves	DG	59 674
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	6 607
Investment grants	DJ	0
Special tax-allowable reserves	DK	0

Other capital resources (II)

		31/03/2003
Total other capital resources (Total II)	DO	107 529
Income from participating securities	DM	0
Conditional loans	DN	107 529

Provisions for risks and charges (III)

		31/03/2003
Total provisions for risks and charges (Total III)	DR	57 807
Risk provisions	DP	1 982
Reserves for charges	DQ	55 825

Liabilities (IV)

		31/03/2003
Total Liabilities (Total IV)	EC	3 917 530
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	690 446
Sundry loans and financial liabilities	DV	437 795
Of which participating loans	EI	0
Advance payments received for current orders	DW	873
Trade accounts payables	DX	1 989 355
Tax and social security liabilities	DY	509 752
Fixed asset liabilities	DZ	0
Other debts	EA	230 521

Translation loss (V)

		31/03/2003
Translation loss (Total V)	ED	0

Equalization accounts

		31/03/2003
Deferred income	EB	58 788

References

		31/03/2003
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	3 458 291
Of which current bank facilities	EH	614 814

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

1- Operating result (I-II)

		31/03/2003
Operating result (Total I-II)	GG	114 280

2 - Financial result (V - VI)

		31/03/2003
Financial result (Total V-VI)	GV	-70 463

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

		31/03/2003
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	43 817

4 - Extraordinary result (VII-VIII)

		31/03/2003
Extraordinary result (Total VII-VIII)	HI	-33 085

Profit or loss

		31/03/2003
Profit or loss	HN	6 607

Total Income (I+III+V+VII)

		31/03/2003
Total Income (I+III+V+VII)	HL	5 481 306

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

		31/03/2003
Total charges (Total II+IV+VI+VIII+IX+X)	HM	5 474 699

Operating income (I)

		31/03/2003
Total operating income (Total I)	FR	5 479 551

Operating income (details)

		31/03/2003
Sale of goods for resale	FC	0
France	FA	0
Export	FB	0
Sale of goods produced	FF	4 749 134
France	FD	1 009 792
Export	FE	3 739 342
Sale of services	FI	655 027
France	FG	85 969
Export	FH	569 057
Net turnover	FL	5 404 161
France	FJ	1 095 762
Export	FK	4 308 399
Stocked production	FM	-37 337
Self-constructed assets	FN	94 839
Operating grants	FO	0
Release of reserves and provisions	FP	10 395
Other income	FQ	7 494

Operating charges (II)

		31/03/2003
Total operating charges (Total II)	GF	5 365 271

Exploitation charges

		31/03/2003
Purchase of goods for resale	FS	0
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	2 267 177
Change in stocks of raw materials	FV	-75 287
Other external purchases and charges	FW	1 210 428
Tax, duty and similar payments	FX	64 564
Payroll	FY	1 089 980
Social security costs	FZ	507 826

Depreciation

		31/03/2003
Depreciation of fixed assets	GA	243 679
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	46 236
Provisions for risks and charges	GD	0

Other charges

		31/03/2003
Other charges	GE	10 669

Operating charges (III-IV)

		31/03/2003
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)

		31/03/2003
Total financial income (Total V)	GP	1 754
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	1 598
Released provisions and transferred charges	GM	0
Exchange gains	GN	156
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		31/03/2003
Total financial charge (Total VI)	GU	72 217
Financial reserves and provisions	GQ	0
Interest and similar charges	GR	63 267
Exchange losses	GS	8 950
Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

		31/03/2003
Total extraordinary income (Total VII)	HD	0
Extraordinary operating income	HA	0
Extraordinary income from capital transactions	HB	0
Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

		31/03/2003
Total extraordinary charges (Total VIII)	HH	33 085
Extraordinary operating charges	HE	23 085
Extraordinary charges from capital transactions	HF	10 000
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

		31/03/2003
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		31/03/2003
Tax on profits (Total X)	HK	4 125

References

		31/03/2003
Of which equipment leases	HP	3 591
Of which property leases	HQ	0
Of which transferred charges	A1	6 552
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	0

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)

		31/03/2003
Gross value at begin of period	OG	0
Increasess due to revaluation	OH	0
Decreasess, acquisitions, creations, contributions	OJ	146 975
Decreasess by budget item transfer	OK1	0
Decreasess by transfers	OK2	610
Gross value at the end of period	OL	0

Research and development Charge (Total I)

		31/03/2003
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)

		31/03/2003
Gross value at begin of period	KD	0
Increasess due to revaluation	KE	0
Increasess, acquisitions, creations, contributions	KF	9 321
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)

		31/03/2003
Gross value at begin of period	LN	0
Increasess due to revaluation	LO	0
Increasess, acquisitions, creations, contributions	LP	17 788
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)

		31/03/2003
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)

			31/03/2003
	Reserve for depreciation value at begin of period	0N	1 127 491
Increases		0P	243 679
Decreasess		0Q	0
	Reserve for depreciation value at the end of period	0R	1 371 170

Research and development charge (Total I)

			31/03/2003
	Reserve for depreciation value at begin of period	CY	0
Increases		PB	0
Decreasess		PC	0
	Decreasess by budget item transfer	PD	1 205 394

Other intangible assets (Total II)

			31/03/2003
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	0
Decreasess		PG	0
	Decreasess by budget item transfer	PH	34 693

Total fixed assets amotisation (Total III)

			31/03/2003
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	0
Decreases		QW	0
	Decreasess by budget item transfer	QX	131 083

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

			31/03/2003
	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

			31/03/2003
	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)

			31/03/2003
	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	3 843
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			31/03/2003
	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)

			31/03/2003
	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)

			31/03/2003
	Value at begining of period	7B	64 405
Increases		TY	46 236
Decreases		TZ	3 843
	Value at the end of period	UA	106 799

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

		31/03/2003
Gross value	VT	3 562 319
1 year at most	VU	3 561 717
More than one year	VV	602

State of loans

		31/03/2003
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	3 049
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/03/2003
Customers doubtful or disputed	VA	108 369
Other claims customer	UX	0
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	8 147
Social Security and other social organizations	UZ	648
Income taxes	VM	0
Value added tax	VB	45 830
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

		31/03/2003
Prepaid	VS	0

State Debt

			31/03/2003
	Total debt (gross)	VY	3 916 214
1 year at most		VZ2	3 458 291
More than 1 year and 5 years at most		VZ3	457 923
More than 5 years		VZ4	0

Details

			31/03/2003
	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	614 811
1 year at most		VG2	614 811
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	75 635
1 year at most		VH2	229 891
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	0
1 year at most		8B2	1 989 355
More than 1 year and 5 years at most		8B3	0
	Personnel and associated accounts (gross)	8C1	229 891
1 year at most		8C2	229 891
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	201 349
1 year at most		8D2	201 349
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	314
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	55 958
1 year at most		VW2	55 958
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	21 798
1 year at most		VQ2	21 798
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	437 795
1 year at most		VI2	0
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	230 521
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	58 788
More than 1 year and 5 years at most		8L3	0

References

		31/03/2003
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		31/03/2003
Dividends	ZE	0

Commitments

		31/03/2003
Commitments leasing furniture	YQ	12 082
Commitments Real Estate Leasing	YR	0
Effects brought to the discount and unmatured	YS	75 026

Other charges Externes

		31/03/2003
Subcontracting	YT	0
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	0
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	0
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		31/03/2003
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/03/2003
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

		31/03/2003
Average number of employees	YP	0

Groups and Shareholders

		31/03/2003
Groups and Shareholders	ZR	-

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

Structure and Liquidity

		31/03/2003	Sector Median 2003
Fixed Asset Financing		1,32	2,36	-44,1%
Global Debt		261 days	134 days	94,8%
Working Capital Fund overall net		40 days	73 days	-45,2%
Financial independence		58,19%	587,80%	-90,1%
More ratios
Solvability		11,36%	35,57%	-68,1%
Capacity debt futures		47,56%	735,74%	-93,5%
Coverage of current assets by net working capital overall		15,60%	38,20%	-59,2%
General Liquidity		1,03	0,92	12,0%
Restricted Liquidity		1,04	1,20	-13,3%

Management or rotation

		31/03/2003	Sector Median 2003
Need background in operating working capital		65 days	31 days	109,7%
Treasury		-39 days	15 days	-360,0%
Inventory turnover of goods		days	0 days	-
Average length of credit granted to customers		212 days	95 days	123,2%
Average length of credit obtained suppliers		210 days	85 days	147,1%
More ratios
Inventory turnover of raw materials in industrial enterprises		50 days	16 days	212,5%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	686 days	-
Rotation tangible assets		%	812,10%	-

Profitability of the business

		31/03/2003	Sector Median 2003
Margin trading		0%	0%	0%
Profitability of the business		7,35	6%	22,5%
Net profit		0,12%	3,12%	-96,2%
More ratios
Growth rate of turnover (excluding VAT)		%	-49,96%	-
Rates integration		38,11%	45,51%	-16,3%
Rate leasing furniture		0,07%	0%	0%
Work Factor		77,59%	82,07%	-5,5%
Weight interests		1,34	0,30%	346,7%

Return on capital

		31/03/2003	Sector Median 2003
Cash flow from the overall profitability		4,75%	4,70%	1,1%
Rates of economic profitability		24%	22%	9,1%
Financial profitability		509310%	98673%	416,2%
Return on investment		4,81%	13,85%	-65,3%

Soldes Intermédiaires de Gestion

	31/03/2003	Sector Median 2003
Turnover	5 404 161	585 808 €	822,5%

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	5 404 161
+/- Stocked production	-37 337
+ Self-constructed assets	94 839
Period production	5 461 663 €	485 507,50 €	1024,9%
	101,06 % CA	100 % CA	1,1%

Trading margin	0	0	0%
+ Period Production	5 461 663	485 507,50	1024,9%
- Purchase of raw materials	2 267 177
+/- Change in stocks of raw materiels	-75 287
- Other external purchases and charges	1 210 428
Added value	2 059 345 €	265 393 €	676,0%
	38,11 % CA	45,51 % CA	-16,3%

Added value	2 059 345 €	265 393 €	676,0%
+ Operating grants	0
- Tax, duty and similar payments	64 564
- Personal charges	1 597 806
Gross operating surplus	396 975 €	30 688 €	1193,6%
	7,35 % CA	06 % CA	22,5%

Gross operating surplus	396 975 €	30 688 €	1193,6%
+ Release of reserves and provisions	10 395
+ Other operating income	7 494
- Depreciation/Amortisation	289 915
- Other charges	10 669
Operating result	114 280 €	22 212,50 €	414,5%
	2,11 % CA	4,38 % CA	-51,8%

Operating result	114 280 €	22 212,50 €	414,5%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	1 754
- Financial charges	72 217
Pre-tax result	43 817 €	20 942,50 €	109,2%
	0,81 % CA	4,04 % CA	-80,0%

Extraordinary income	0	435,50	0%
- Extraordinary charges	33 085
Extraordinary result	-33 085 €	0 €	0%
	-0,61 % CA	0 % CA	0%

Pre-tax result	43 817 €	20 942,50 €	109,2%
Extraordinary result	-33 085 €	0 €	0%
- Employee profit sharing	0
- Tax on profits	4 125
Net result	6 607 €	16 527,50 €	-60,0%
	0,12 % CA	3,12 % CA	-96,2%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

No social security and tax office preferential right to date.

No trends info for the company.

Establishment details

Activity (APE)	Conception d'ensemble et assemblage sur site industriel d'équipements de contrôle des processus industriels  (3320C)	Business Pages FT®
Postal Address	ITECA SOCADEI TOURILLON B3 R D. PAPIN LE PETIT ARBOIS BAS 13290 LES MILLES	Trading Address	LE PETIT ARBOIS BAS 13290 AIX EN PROVENCE
Telephone	04 42 97 77 00
Fax	04 42 97 77 33

Type	Head office (one site company)	Status	Economically active
Formation Date	07/2005	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	1	Area	97
City	AIX EN PROVENCE	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	> ITECA SOCADEI <<<  - Conception d'ensemble et assemblage sur site industriel d'équipements de contrôle des processus industriels (3320C)  in AIX EN PROVENCE  (13290)
Secondary establishments	>  ITECA SOCADEI  - Fabrication d'instrumentation scientifique et technique (332B)  in LES PENNES MIRABEAU  (13170)

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

50 to 99 employees

Company workforce

50 to 99 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/12/2012	Bodacc A	Vente et cession : Acheteur

95 - VAL-D'OISE GREFFE DU TRIBUNAL DE COMMERCE DE PONTOISE 904 - 332 159 474 RCS Pontoise. ITECA SOCADEI. Forme : Société par actions simplifiée. Capital : 325313 EUR. Adresse : rue Denis Papin, Cs 30478 Lotissement du Tourillon Bât. B3, 13592 Aix-en-Provence. Origine du fonds : Achat d'un fonds de commerce au prix stipulé de 60000 Euros. Etablissement : Etablissement principal. Activité : fonds de commerce d'activité d'analyses, d'études, de conseil et essais en métallurgie, chimie, environnement, matériaux ou autres procédés. Adresse : 6/8 avenue de Bourgogne, Zone Artisanale des Béthunes, 95310 Saint-Ouen l'Aumône. Précédent propriétaire : BUREAU VERITAS LABORATOIRES. 501 658 421 RCS Nanterre. Date de commencement de l’activité : 16/11/2012. Publication légale : L'Echo Le Régional du 06/12/2012. Oppositions : Au fonds vendu pour la validité et pour la correspondance Séquestre juridique de l'Ordre des avocats 11 Place Dauphine 75053 PARIS RP SP. Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
06/12/2012	JAL	Activity or goodwill cession: Buyer
Echo régional (L') Date de décision : 16/11/2012 Cédant : 501658421 - BUREAU VERITAS LABORATOIRES, 66 RUE VILLIERS, 92300 LEVALLOIS PERRET Cessionnaire : 332159474 - ITECA SOCADEI, LE PETIT ARBOIS BAS, TOURILLON B3 R D. PAPIN, 13290 AIX EN PROVENCE Prix de vente : 60000 € Date d’effet : 16/11/2012
25/11/2009	Bodacc B	Modification et mutation diverse
13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 82 - 332 159 474 RCS Aix-en-Provence. ITECA SOCADEI. Forme : Société par actions simplifiée. Administration : Président : HAIDER Anis Commissaire aux comptes titulaire : KPMG SA (SACA) Commissaire aux comptes suppléant : GOALEC Isabelle. Commentaires : Modification survenue sur l'administration.
25/10/2005	Bodacc B	Modifications et mutations diverses
319 - RCS Aix-en-Provence B 332 159 474. RC 92-B 83. ITECA SOCADEI. Forme : S.A.S. Adresse du siège social : lotissement du Tourillon, rue Denis-Papin, C.S. 30478,, 13592 Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal. Etablissement principal - Adresse : lotissement du Tourillon, rue Denis-Papin, C.S. 30478, 13592 Date d'effet : 1er juillet 2005.
12/03/2004	Bodacc B	Modifications et mutations diverses
RCS Aix-en-Provence B 332159474 RC 92-B 83 ITECA SOCADEI. Forme : S.A.S. Capital : 325 313 euros. Activité : fabrication, négoce, maintenance d'équipements et de matériel de mesure de controle ainsi que la réalisation de toutes études et fabrication de matériel se rapportant à des applications spécialisées. Adresse du siège social : Z.A.C. de l'Agavon, 27 Synergiparc, 13170 Les Pennes-Mirabeau. Commentaires : modification survenue sur la forme juridique, le capital ( augmentation), l'activité et l' administration. Administration : président : HAIDER (Anis) ( Nom d'usage HAIDER). Commissaire aux comptes titulaire : SALUSTRO REYDEL. Commissaire aux comptes suppléant : GOALEC (Isabelle) ( Nom d'usage : GOALEC). Date d'effet : 24 novembre 2003.
23/03/2003	Bodacc B	Modifications et mutations diverses
RCS Aix-en-Provence B 332159474 RC 92-B 83 ITECA SOCADEI. Forme : S.A. Capital : 305 000 euros. Adresse du siège social : Z.A.C. de l'Agavon, 27 Synergiparc, 13170 Les Pennes-Mirabeau. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : HAIDER (Anis) ( Nom d'usage : HAIDER). Administrateurs : REVERCHON (Bernard) ( Nom d'usage : REVERCHON) LEGOFF ( Andrée) ( Nom d'usage : HAIDER). Commissaire aux comptes titulaire : SALUSTRO REYDEL. Commissaire aux comptes suppléant : GOALEC (Isabelle) ( Nom d'usage : GOALEC). Date d'effet : 23 octobre 2001.
10/04/2002	Bodacc B	Modifications et mutations diverses
RCS Aix-en-Provence B 332159474 RC 92-B 83 ITECA SOCADEI. Forme : S.A. Capital : 305 000 euros. Adresse du siège social : Z.A.C. de l'Agavon, 27 Synergiparc, 13170 Les Pennes-Mirabeau. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : HAIDER (Anis) ( Nom d'usage : HAIDER). Administrateurs : REVERCHON (Bernard) ( Nom d'usage : REVERCHON) LE GOFF ( Jacqueline) ( Nom d'usage : LE GOFF). Commissaire aux comptes titulaire : SALUSTRO REYDEL. Commissaire aux comptes suppléant : GOALEC (Isabelle) ( Nom d'usage : GOALEC). Date d'effet : 27 septembre 2001.
05/04/2000	Bodacc B	Modifications et mutations diverses
RCS Aix-en-Provence B 332159474 RC 92-B 83 ITECA SOCADEI. Forme : S.A. Capital : 305 000 euros. Adresse du siège social : 27 Synergiparc, Z.A.C. de l'Agavon, 13170 Les Pennes-Mirabeau. Commentaires : modification survenue sur la dénomination et le capital ( augmentation et conversion en euros). Date d'effet : 28 janvier 2000.
14/02/1998	Bodacc B	Modifications et mutations diverses
RCS Aix-en-Provence B 332 159 474 RC 92- B 83 ITECA. Forme : S.A. Capital : 2 000 000 de F. Adresse du siège social : Z.A.C. de l'Agavon, 27 Synergiparc 13170 Les Pennes-Mirabeau. Administration : ancien commissaire aux comptes suppléant : BREMOND (André). Nouveau commissaire aux comptes suppléant : SALUSTRO REYDEL. Date d'effet : 2 septembre 1997.

Company events history

Date	Description
20/12/2012	Bodacc A : Sale and transfer
16/11/2012	Legal Gazette: Activity or goodwill cession: Buyer
25/11/2009	Bodacc B: Various editing or changing
04/11/2009	New auditor
31/12/2008	Modification of Company Activity
31/12/2008	Update of Company Activity
31/12/2008	Update of Company Workforce
16/10/2008	Collection of preferential rights activated for this company
09/09/2005	Minutes of general meeting of shareholders
09/09/2005	Transfert du Siège dans le ressort du Tribunal de Commerce
09/09/2005	Updated articles of association
09/09/2005	Updated articles of association
09/09/2005	Statuts mis à jour
09/09/2005	Minutes of general meeting of shareholders
09/09/2005	PV d'Assemblée
09/09/2005	Private document
09/09/2005	Private document
09/09/2005	Registered office transferred inside jurisdiction of the Commercial Court
09/09/2005	Registered office transferred inside jurisdiction of the Commercial Court
16/09/2004	Requête et Ordonnance
31/03/2004	New accounts available
16/02/2004	Changement de Forme Juridique sans changement de catégorie
16/02/2004	New legal form – no new category
16/02/2004	Augmentation de Capital
16/02/2004	Capital increase
16/02/2004	Modification de l'objet social
16/02/2004	Change to corporate purpose
16/02/2004	Acte sous seing privé
16/02/2004	Private document
16/02/2004	Certificat de dépôt des fonds
16/02/2004	Fund deposit certificate
16/02/2004	PV d'Assemblée
16/02/2004	Minutes of general meeting of shareholders
16/02/2004	Statuts mis à jour
16/02/2004	Updated articles of association
16/02/2004	Rapport des Commissaires ou du Gérant
16/02/2004	Audit or Management Report
16/02/2004	Acte modificatif
17/09/2003	Requête et Ordonnance
31/03/2003	New accounts available
05/03/2003	Modification du Conseil d'Administration
05/03/2003	Nomination/démission des organes de gestion
05/03/2003	Acte sous seing privé
05/03/2003	PV d'Assemblée
11/10/2002	Requête et Ordonnance
26/09/2002	Requête et Ordonnance
11/03/2002	Nomination/démission des organes de gestion
11/03/2002	PV d'Assemblée
11/03/2002	Acte sous seing privé
11/03/2002	Changement de Commissaire aux Comptes
14/03/2000	Changement de dénomination sociale
14/03/2000	Augmentation de Capital
14/03/2000	Acte modificatif
14/03/2000	Statuts mis à jour
14/03/2000	PV d'Assemblée
30/12/1997	Nomination/démission des organes de gestion
30/12/1997	Acte sous seing privé
30/12/1997	PV d'Assemblée
17/02/1997	Acte sous seing privé
17/02/1997	Changement de date de clôture
17/02/1997	Statuts mis à jour
17/02/1997	PV d'Assemblée
09/08/1993	Augmentation de Capital
09/08/1993	Déclaration de conformité
09/08/1993	Statuts mis à jour
09/08/1993	PV d'Assemblée
05/05/1993	Acte modificatif
05/05/1993	Changement de Président (PDG, PCA)
05/05/1993	Nomination/démission des organes de gestion
05/05/1993	PV du Conseil d'Administration
05/05/1993	Modification du Conseil d'Administration
05/05/1993	PV d'Assemblée
24/09/1992	Nomination/démission des organes de gestion
24/09/1992	PV d'Assemblée
24/09/1992	Modification du Conseil d'Administration
23/09/1992	PV d'Assemblée
23/09/1992	Modification du Conseil d'Administration
02/07/1992	PV du Conseil d'Administration
02/07/1992	PV d'Assemblée
02/07/1992	Nomination/démission des organes de gestion
02/07/1992	Modification du Conseil d'Administration
21/01/1992	Déclaration de conformité
21/01/1992	Immatriculation suite à transfert
21/01/1992	Modification du Conseil d'Administration
21/01/1992	Statuts mis à jour
21/01/1992	PV du Conseil d'Administration
21/01/1992	Acte modificatif
21/01/1992	PV d'Assemblée
21/01/1992	Nomination/démission des organes de gestion

Establishment events history

Date	Description
16/12/2012	Update Limit
16/12/2012	Update Rating
08/11/2011	Update Limit
08/11/2011	Update Rating
29/07/2011	Update Limit
29/07/2011	Update Rating
17/05/2011	Update Limit
17/05/2011	Update Rating
27/09/2010	Update Limit
27/09/2010	Update Rating
30/12/2009	Update Rating
09/11/2009	Update Rating
09/11/2009	Update Limit
31/12/2008	Modification of Head office Activity
31/12/2008	Update of Establishment Activity
31/12/2008	Update of Establishment Workforce
16/12/2007	Update Limit
10/12/2007	Update Limit
11/04/2007	Update Limit
25/01/2007	Update Limit
25/01/2007	Update Rating
25/01/2007	Update of phone numbers
21/01/2007	Update of phone numbers
20/01/2007	Update Limit
20/01/2007	Update Rating

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.53
UK Pound	1	Rs.83.59
Euro	1	Rs.71.33

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.