MIRA INFORM REPORT

Report Date :

09.12.2013

IDENTIFICATION DETAILS

Name :	MILLIPORE
Registered Office :	39 Rte Industrielle De La Hardt, 67120 Molsheim
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	February 2001
Com. Reg. No.:	RCS Saverne 0 434 691 192
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Engaged in Disposable Devices and Hardware Systems Operations
No. of Employees :	1 000 to 1 999 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30th, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 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, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures 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. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Name

MILLIPORE

SIRET

434 691 192 00018

Personal comment

Company Summary

		EUR VAT Number	FR59434691192
Activity (APE)	Engaged in Disposable Devices and Hardware Systems Operations	Legal form	Simplified Joint Stock Company with Single Associate
Phone	03 90 46 90 00	RCS Registration	RCS Saverne 0 434 691 192
Fax
Address	MILLIPORE 39 RTE INDUSTRIELLE DE LA HARDT 67120 MOLSHEIM	Incorporated Date	02/2001
Operating Address	BP 116 67124 Molsheim Cedex France
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. KATTWINKEL TIM
Manager position	Managing director	Date of birth
Place of birth
Type	Individual	Name at birth

Name	M. KAUFFER DIDIER
Manager position	Managing director	Date of birth	02/05/1959
Place of birth	SELESTAT
Type	Individual	Name at birth

Name	M. AREND BERNARD
Manager position	President	Date of birth	07/04/1954
Place of birth	MOYEUVRE GRANDE
Type	Individual	Name at birth

Name	M. RAY MARC ETIENNE
Manager position	Managing director	Date of birth	07/03/1966
Place of birth	LIFSTAL
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

13,688,350 Euros

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	16
	Total number of Invoices paid within or up to 30 days after the due date	16
	Total number of Invoices paid more than 30 days after the due date	0
	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

This company is not under monitoring

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number
	MERCK KGAA	-	160 companies in 39 countries.

Group data

Ultimate parent company	MERCK KGAA
Direct parent	MERCK S.A. - 100 %
Group – Number of companies	43
Linkages – Number of companies	160
Number of countries	39

Group Structure

Go directly to the current company

Display only where participation % > 33 %

Group Companies

Company Name	SIREN	Parts	Last account published
MERCK KGAA	-	-	-
MERCK MEDICATION FAMILIALE	972502538	100%	31/12/2012
LABORATOIRE MEDIFLOR	582720843	100%	31/12/2012
MERCK CONSUMER HEALTH CARE HOLDING G...	HRB 8241	Majority	31/12/2012
MERCK AG	11044	100%	-
MERCK SA	777335340	99.77%	31/12/2012
MERCK CHIMIE	389537903	100%	31/12/2012
MERCK SANTE	572028033	100%	31/12/2011
GONNON	957525876	100%	31/12/2012
MERCK SERONO	955504923	100%	31/12/2011
MERCK BIODEVELOPMENT	351723440	100%	31/12/2012
THÉRAMEX	-	98.88%	-
MILLIPORE	434691192	100%	31/12/2011
ARES TRADING SA	989	100%	-
LABORATOIRES SERONO SA	9829	100%	-
MERCK SERONO S.P.A	-	96.72%	-
SERONO BENELUX B.V.	27155869	100%	31/12/2007
MERCK FARMA Y QUIMICA S.L	-	100%	-
MERCK PHARMA GMBH	HRB 8101	100%	31/12/2008
SERONO GMBH	HRB 86623	100%	31/12/2008
LABORATOIRE THERAMEX	333353928	99.88%	-
SEVEN SEAS GROUP	-	100%	-
SERONO LIMITED	01192915	100%	31/12/2012
MERCK UK	LP005272	100%	-
MERCK AG	-	100%	-
EMD SERONO US GROUP	-	100%	-
EMD CHEMICALS INC	US42482199	100%	-
EMD SERONO CANADA INC	-	100%	-
MERCK S.A DE C.V	-	100%	-
MERCK S.A	-	100%	-
MERCK S.A	-	100%	-
ARES TRADING URUGUAY S.A	-	100%	-
SERONO PRODUTOS FARMACEUTICOS LTDA	-	100%	-
MERCK S.A	-	100%	-
KOREAN COMPANIES	-	100%	-
TAIWANESE COMPANIES	-	100%	-
MERCK LTD	-	100%	-
SERONO SINGAPORE PTE LTD	-	100%	-
MERCK	1583145	51%	31/12/2012
MERCK INDONESIA GROUP	-	73.99%	-
SCHERING PLOUGH PRODUCTS LCC	439804808	Majority	-
CRIFANIC 87	409762457	100%	30/09/2011
BIOCHROM	-	Majority	-

Linkages Companies

Company Name	SIREN	Last account	Turnover
MERCK	1994701	31/12/2012	75 310 744 €
MILLIPORE (U.K.) LIMITED	04130249	31/12/2012	83 490 000 £
SEROLOGICALS EUROPEAN HOLDING COMPANY LI...	05028747	31/12/2011	0 £
MERCK CONSUMER HEALTHCARE LIMITED	01445808	31/12/2012	3 350 000 £
SEROLOGICALS UK HOLDING COMPANY LIMITED	05028733	31/12/2011	0 £
MERCK SERONO LIMITED	00990823	31/12/2012	134 087 000 £
MERCK WOHNUNGS- UND GRUNDSTÜCKSVERWALTUN...	HRB 1197	31/12/2012	4 659 142 €
MERCK CHEMICALS LTD	00660457	31/12/2012	29 766 000 £
CHEMITRA GESELLSCHAFT MIT BESCHRÄNKTER H...	HRB 1256	31/12/2012	121 €
BIOCHROM AG	HRB 77083 B	31/12/2011	-
MERCK SERONO (IRELAND) LIMITED	IE446715	31/12/2012	24 480 000 €
MERCK ACCOUNTING SOLUTIONS & SERVICES EU...	HRB 9074	31/12/2008	15 454 000 €
CHEMISCHE FABRIK LEHRTE DR. ANDREAS KOSS...	HRB 35709	31/12/2006	11 248 168 €
MERCK AKTIEBOLAG	5561027797	31/12/2012	322 347 KSEK
MERCK HOLDING GMBH	HRB 7293	31/12/2012	26 591 €
MERCK BIOSCIENCES GMBH	HRB 3646	31/12/2010	-
MERCK 7. ALLGEMEINE BETEILIGUNGSGESELLSC...	HRB 3730	31/12/2008	-
MERCK SERONO EUROPE LIMITED	03038737	31/12/2012	1 453 297 £
SEVEN SEAS LIMITED	00351663	31/12/2012	49 835 000 £
MERCK CHEMICALS US HOLDING GMBH	HRB 8689	31/12/2009	-
SOLVENT INNOVATION GMBH	HRB 89339	31/12/2008	-
SERONO NORDIC AKTIEBOLAG	5561979245	01/12/2007	629 415 KSEK
MERCK SECHSTE ALLGEMEINE BETEILIGUNGSGES...	HRB 8704	31/12/2012	-
EMEDIA EXPORT COMPANY MIT BESCHRÄNKTER H...	HRB 1130	31/12/2012	-
MERCK VERWALTUNGSGESELLSCHAFT MIT BESCHR...	HRB 1235	31/12/2012	119 €
MERCK PATENT GESELLSCHAFT MIT BESCHRÄNKT...	HRB 1547	31/12/2012	18 195 899 €
NEURO-PHARMA MM VERWALTUNG GMBH	HRB 3697	31/12/2008	-
MERCK VERSICHERUNGSVERMITTLUNG GMBH	HRB 1259	31/12/2012	4 427 378 €
ABWASSERBERATUNG GESELLSCHAFT MIT BESCHR...	HRB 1591	31/12/2008	-
MERCK EXPORT GMBH	HRB 8703	31/12/2007	-
MERCK CHINA CHEMICALS HOLDING GMBH	HRB 8597	31/12/2011	-
LITEC-LLL GMBH	HRB 5623	31/12/2012	-
ALLERGOPHARMA VERWALTUNGS GMBH	HRB 86117	31/12/2012	-
MERCK SERONO GMBH	HRB 86145	31/12/2008	-
MERCK FINANCIAL SERVICES GMBH	HRB 86146	30/06/2013	35 000 €
MERCK FINANCIAL TRADING GMBH	HRB 90629	31/12/2012	-
LAMBERTS HEALTHCARE LIMITED	04500877	31/12/2012	18 653 000 £
MERCK INTERNATIONALE BETEILIGUNGEN GMBH	HRB 8239	31/12/2012	15 732 €
MERCK VIERTE ALLGEMEINE BETEILIGUNGSGESE...	HRB 8690	31/12/2012	5 €
PHILLIPS YEAST PRODUCTS LIMITED	00245336	31/12/2012	-
NEW ERA LABORATORIES LIMITED	00255244	31/12/2012	-
BRITISH COD LIVER OILS LIMITED	00535007	31/12/2012	-
MERCK LTD	00916419	31/12/2012	-
MERCK CROSS BORDER TRUSTEES LIMITED	00924785	31/12/2012	-
NATURE'S BEST HEALTH PRODUCTS LIMITED	01792948	31/12/2012	-
MERCK PENSION TRUSTEES LIMITED	02543180	31/12/2012	-
UPSTATE LTD.	03755378	31/12/2012	-
MERCK INVESTMENTS LIMITED	04083127	31/12/2012	-
SEROLOGICALS GLOBAL HOLDING COMPANY LIMI...	05028717	31/12/2012	-
MERCK KOMMANDITGESELLSCHAFT AUF AKTIEN	HRB 6164	31/12/2011	10 456 800 000 €
MILLIPORE UK HOLDINGS LLP	OC348202	31/12/2012	0 £
CELLIANCE LIMITED	SC120833	31/12/2012	-
MERCK SERONO INTERNATIONAL SA	15255	-	-
SERONO ESPAÑA	2270161	-	-
ALLERGOPHARMA GMBH & CO. KG	HRA 1076 RE	-	-
MERCK GENERICS HOLDING GMBH	HRB 7759	-	-
MERCK SCHUCHARDT OHG	HRA 13600	-	-
BIOCHROM BETEILIGUNGS GMBH & CO. PRODUKT...	HRA 18796 B	-	-
AB ALLGEMEINE PENSIONS GMBH & CO KG	HRA 5771 P	-	-
MERCK SELBSTMEDIKATION GMBH	HRB 8102	-	-
CELLIANCE CORP OF KANKAKEE	US12443359	-	40 000 000 $
CHEMICON INTERNATIONAL INC	US16432095	-	11 600 000 $
EMD BIOSCIENCES, INC	US16544892	-	114 920 000 $
EMD SERONO, INC	US20385838	-	0 $
AMNIS CORP	US22227518	-	0 $
UPSTATE CHEMICON	US22768559	-	0 $
MILLIPORE CIDRA, INC	US27302115	-	0 $
EMD SERONO BIOTECH CENTER, INC	US32993772	-	0 $
PHYSICIANS INTERACTIVE INC	US35074060	-	0 $
UPSTATE GROUP INC	US43423543	-	0 $
EMD PHARMACEUTICALS, INC	US43583184	-	0 $
EMD MILLIPORE CORP	US44165392	-	2 900 000 000 $
EMD LEXIGEN RESEARCH CENTER CORP	US44616040	-	3 800 000 $
SKYSCAPE.COM INC	US44726078	-	4 000 000 $
EMD SERONO RESEARCH INSTITUTE, INC	US46401273	-	0 $
MILLIPORE CORP	US48088900	-	0 $
	-	-	-
ARES TRADING S.A.	-	-	-
ARES TRADING URUGUAY S.A.	-	-	-
ARES-SERONO(EUROPE)LTD.	-	-	-
ASI PHARMA LTD.	-	-	-
BOURN HALL CLINIC	-	-	-
BOURN HALL LTD4	-	-	-
CHEMITRA GMBH,	-	-	-
EMD BIOSCIENCES INC	-	-	-
EMEDIA EXPORT COMPANY MBH	-	-	-
END BIOSCIENCES INC	-	-	-
FILAXIS INTERNATIONAL S.A.	-	-	-
INDUSTRIA FARMACEUTICA SERONO	-	-	-
INTER-LAB LTD	-	-	-
INTERPHARM INDUSTRIES	-	-	-
INTERPHARM LABORATORIES LTD.	-	-	-
ISTITUTO DI RICERCA CESARE	-	-	-
ISTITUTO FARMACOLOGICO SERONO	-	-	-
LABORATOIRES SERONO FRANCE	-	-	-
LABORATOIRES SERONO S.A.SUCCUR	-	-	-
LABORATORIOS FILAXIS	-	-	-
LABORATORIOS SERONO S.A.	-	-	-
MERCK CHEMICAL (SHANGHAI) PVT.	-	-	-
MERCK CONSUMER HEALTHCARE HOLDINGS GMBH	-	-	-

FINANCIAL INFORMATION

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	597,290,334 €	531,282,234 €	524,060,024 €
Gross Operating Surplus	13,60 % Turnover	11,22 % Turnover	8,57 % Turnover
Shareholders’ equity	49,413,341 €	21,437,221 €	52,252,429 €
Net result	27,976,121 €	6,006,452 €	9,036,033 €

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
Date of capture	28/11/2012	13/10/2011	30/09/2010
Activity Code	2829B	2829B	2829B
Employees	0	0	0

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	45 546 051	-0,2%	45 632 829	-13,5%	52 743 056	54 655	83233,7%
- Intangible assets	980 581	0,9%	972 024	34,1%	724 950	1 403	69791,7%
- Tangible assets	43 791 212	0,8%	43 456 633	-4,3%	45 398 344	25 847	169324,7%
- Financial assets	774 258	-35,7%	1 204 172	-81,8%	6 619 762	1 486	52003,5%
Net current assets	123 487 889	16,0%	106 488 703	-19,0%	131 542 381	455 854	26989,4%
- Stocks	77 879 355	15,0%	67 738 183	4,0%	65 127 052	55 776	139528,8%
- Advanced payments	299 424	16,0%	0	0%	627 556	0	0%
- Receivables	44 914 409	18,8%	37 793 870	-41,9%	65 051 032	196 543	22752,2%
- Securities and cash	394 701	-58,7%	956 650	29,8%	736 741	60 678	550,5%
- Prepaid expenses	-	-	-	-	-	538,50	-
Accounts of regularization	36 406	-20,6%	45 856	-72,0%	163 842	0	0%
Total Assets	169 070 346	11,1%	152 167 388	-17,5%	184 449 279	566 145	29763,4%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	49 413 341	130,5%	21 437 221	-59,0%	52 252 429	166 450	29586,6%
Share capital	13 688 350	0%	13 688 350	0%	13 688 350	40 000	34120,9%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	17 591 800	35,2%	13 008 871	29,8%	10 023 576	0	0%
Liabilities	101 558 897	-13,6%	117 520 072	-3,4%	121 632 159	314 767	32164,8%
- Financial liabilities	34 374 162	-39,5%	56 850 000	-0,1%	56 887 035	32 514	105621,1%
- Advanced payments received	181 349	-48,2%	350 155	2819,4%	11 994	0	0%
- Trade account payables	30 083 295	8,0%	27 862 702	-24,5%	36 880 172	95 376	31441,8%
- Tax and social liabilities	35 800 568	13,0%	31 669 504	17,5%	26 952 474	101 855	35048,6%
- Other debts and fixed assets liabilities	768 892	282,1%	201 226	-70,5%	683 048	8 377	9078,6%
Account regularization	856 937	8,8%	787 711	3,8%	758 549	0	0%
Total liabilities	169 070 344	11,1%	152 167 390	-17,5%	184 449 277	566 145	29763,4%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	610 864 241	12,3%	543 738 623	1,8%	534 013 859	788 364	77385,1%
Net turnover	597 290 334	12,4%	531 282 234	1,4%	524 060 024	737 100	80932,5%
- of which net export turnover	507 956 325	14,4%	444 068 843	1,0%	439 829 544	0	0%
Operating charges	558 621 938	9,2%	511 721 874	-0,8%	515 743 108	708 913	78699,8%
Operating profit/loss	52 242 303	63,2%	32 016 749	75,2%	18 270 751	23 484	222359,1%
Financial income	253 706	-13,7%	294 087	-85,0%	1 958 850	161	157481,4%
Financial charges	4 899 428	-67,7%	15 183 419	239,7%	4 469 586	1 450	337791,6%
Financial profit/loss	-4 645 722	68,8%	-14 889 332	-493,0%	-2 510 736	-336	-1382555,4%
Pretax net operating income	47 596 581	177,9%	17 127 417	8,7%	15 760 015	23 304	204142,1%
Extraordinary income	1 987 681	4430,0%	43 878	-96,0%	1 084 188	997	199266,2%
Extraordinary charges	2 766 974	-6,7%	2 964 428	33,6%	2 219 059	711	389066,5%
Extraordinary profit/loss	-779 293	73,3%	-2 920 550	-157,3%	-1 134 871	0	0%
Net result	27 976 121	365,8%	6 006 452	-33,5%	9 036 033	20 319	137584,5%

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	169 070 346	11,1%	152 167 388	-17,5%	184 449 279
Gross	CO	258 651 667	10,6%	233 913 656	-10,5%	261 300 554
Amortisation	1A	89 581 321	9,6%	81 746 268	6,4%	76 851 275

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	45 546 051	-0,2%	45 632 829	-13,5%	52 743 056
Gross	BJ	128 276 052	5,8%	121 292 045	-0,3%	121 663 007
Amortisation	BK	82 730 001	9,3%	75 659 216	9,8%	68 919 951

Intangible 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	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	618 482	0%	618 482	0%	618 482
	Gross	AH	618 482	0%	618 482	0%	618 482
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	362 099	2,4%	353 542	232,1%	106 468
	Gross	AJ	3 446 913	5,0%	3 283 011	10,7%	2 966 312
	Amortisation	AK	3 084 814	5,3%	2 929 469	2,4%	2 859 844
	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	980 581	0,9%	972 024	34,1%	724 950

Tangible fixed assets

		31/12/2011		31/12/2010		31/12/2009
Lands	Net	1 456 125	-0,5%	1 463 322	1,3%	1 443 874
Gross	AN	2 030 175	1,6%	1 998 535	2,9%	1 942 735
Amortisation	AO	574 050	7,3%	535 213	7,3%	498 861
Buildings	Net	18 009 880	0,7%	17 878 169	-8,6%	19 556 738
Gross	AP	45 523 067	6,2%	42 846 845	1,8%	42 107 475
Amortisation	AQ	27 513 187	10,2%	24 968 676	10,7%	22 550 737
Plant	Net	18 005 540	9,1%	16 503 492	-13,5%	19 084 494
Gross	AR	63 642 413	9,1%	58 311 752	3,2%	56 494 501
Amortisation	AS	45 636 873	9,2%	41 808 260	11,8%	37 410 007
Other tangible fixed assets	Net	1 472 486	-1,9%	1 501 412	-2,3%	1 537 533
Gross	AT	7 393 563	6,9%	6 919 010	-3,1%	7 138 035
Amortisation	AU	5 921 077	9,3%	5 417 598	-3,3%	5 600 502
Fixed assets in construction	Net	4 847 181	-20,7%	6 110 238	61,8%	3 775 705
Gross	AV	4 847 181	-20,7%	6 110 238	61,8%	3 775 705
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	43 791 212		43 456 633		45 398 344

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	120 000	0%	0	0%	0
Gross	CU	120 000	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	146 738	-79,4%	712 326	-88,4%	6 120 597
Gross	BF	146 738	0%	712 326	0%	6 120 597
Amortisation	BG	0		0		0
Other financial assets	Net	507 520	3,2%	491 846	-1,5%	499 165
Gross	BH	507 520	3,2%	491 846	-1,5%	499 165
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		774 258		1 204 172		6 619 762

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	123 487 889	16,0%	106 488 703	-19,0%	131 542 381
Gross	CJ	130 339 209	15,8%	112 575 755	-19,3%	139 473 705
Amortisation	CK	6 851 320	12,6%	6 087 052	-23,3%	7 931 324

Stocks

		31/12/2011		31/12/2010		31/12/2009
Raw materials	Net	17 554 264	10,9%	15 830 407	-2,7%	16 268 010
Gross	BL	19 182 516	7,1%	17 903 000	-2,2%	18 310 049
Amortisation	BM	1 628 252	-21,4%	2 072 593	1,5%	2 042 039
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	21 992 665	6,7%	20 616 538	5,4%	19 557 086
Gross	BR	24 907 105	7,7%	23 124 672	-4,0%	24 086 240
Amortisation	BS	2 914 440	16,2%	2 508 134	-44,6%	4 529 154
Goods for resale	Net	38 332 426	22,5%	31 291 238	6,8%	29 301 956
Gross	BT	40 028 131	23,0%	32 546 233	7,7%	30 210 574
Amortisation	BU	1 695 705	35,1%	1 254 995	38,1%	908 618
Sub Total Stocks	Net	77 879 355	15,0%	67 738 183	4,0%	65 127 052

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	299 424	0%	0	0%	627 556
Gross	BV	299 424	0%	0	0%	627 556
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	35 185 761	13,1%	31 120 906	-47,9%	59 727 845
Gross	BX	35 798 684	14,1%	31 372 236	-47,9%	60 179 358
Amortisation	BY	612 923	143,9%	251 330	-44,3%	451 513
Other debtors	Net	8 132 335	47,9%	5 497 780	34,9%	4 074 003
Gross	BZ	8 132 335	47,9%	5 497 780	34,9%	4 074 003
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	43 318 096	18,3%	36 618 686	-42,6%	63 801 848

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	394 701	-58,7%	956 650	29,8%	736 741
Gross	CF	394 701	-58,7%	956 650	29,8%	736 741
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	394 701	-58,7%	956 650	29,8%	736 741

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	1 596 313	35,8%	1 175 184	-5,9%	1 249 184
Gross	CH	1 596 313	35,8%	1 175 184	-5,9%	1 249 184
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

36 406

-20,6%

45 856

-72,0%

163 842

Gross

36 406

-20,6%

45 856

-72,0%

163 842

References

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

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to V)	EE	169 070 344	11,1%	152 167 390	-17,5%	184 449 277

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	49 413 341	130,5%	21 437 221	-59,0%	52 252 429
Equity and shareholders' equity	DA	13 688 350	0%	13 688 350	0%	13 688 350
Issue and merger premiums	DB	302 833	0%	302 833	0%	302 833
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	1 372 685	0%	1 372 685	0%	1 372 685
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	6 073 352	8978,1%	66 901	-99,8%	27 852 528
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	27 976 121	365,8%	6 006 452	-33,5%	9 036 033
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	17 591 800	35,2%	13 008 871	29,8%	10 023 576
	Risk provisions	DP	7 562 716	32,7%	5 699 390	20,3%	4 738 596
	Reserves for charges	DQ	10 029 084	37,2%	7 309 481	38,3%	5 284 980

Liabilities (IV)

			31/12/2011		31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	101 558 897	-13,6%	117 520 072	-3,4%	121 632 159
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	37 035
	Sundry loans and financial liabilities	DV	34 374 162	-39,5%	56 850 000	0%	56 850 000
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	181 349	-48,2%	350 155	2819,4%	11 994
	Trade accounts payables	DX	30 083 295	8,0%	27 862 702	-24,5%	36 880 172
	Tax and social security liabilities	DY	35 800 568	13,0%	31 669 504	17,5%	26 952 474
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	262 586	0%	0	0%	141 935

Translation loss (V)

		31/12/2011		31/12/2010		31/12/2009
Translation loss (Total V)	ED	506 306	151,6%	201 226	-62,8%	541 113

Equalization accounts

		31/12/2011		31/12/2010		31/12/2009
Deferred income	EB	856 937	8,8%	787 711	3,8%	758 549

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	0	0%	60 319 918	-6,9%	64 770 167
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	52 242 303	63,2%	32 016 749	75,2%	18 270 751

2 - Financial result (V - VI)

		31/12/2011		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-4 645 722	68,8%	-14 889 332	-493,0%	-2 510 736

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	47 596 581	177,9%	17 127 417	8,7%	15 760 015

4 - Extraordinary result (VII-VIII)

		31/12/2011		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-779 293	73,3%	-2 920 550	-157,3%	-1 134 871

Profit or loss

		31/12/2011		31/12/2010		31/12/2009
Profit or loss	HN	27 976 121	365,8%	6 006 452	-33,5%	9 036 033

Total Income (I+III+V+VII)

		31/12/2011		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	613 105 628	12,7%	544 076 588	1,3%	537 056 897

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	585 129 507	8,7%	538 070 135	1,9%	528 020 863

Operating income (I)

		31/12/2011		31/12/2010		31/12/2009
Total operating income (Total I)	FR	610 864 241	12,3%	543 738 623	1,8%	534 013 859

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	217 869 814	26,7%	171 943 876	-15,8%	204 264 614
France	FA	45 809 867	5,2%	43 525 507	0,8%	43 159 992
Export	FB	172 059 947	34,0%	128 418 369	-20,3%	161 104 622
Sale of goods produced	FF	338 010 320	6,7%	316 807 654	0%	0
France	FD	36 600 838	0,3%	36 508 986	0%	0
Export	FE	301 409 482	7,5%	280 298 668	0%	0
Sale of services	FI	41 410 200	-2,6%	42 530 704	-86,7%	319 795 410
France	FG	6 923 304	-3,6%	7 178 898	-82,5%	41 070 488
Export	FH	34 486 896	-2,4%	35 351 806	-87,3%	278 724 922
Net turnover	FL	597 290 334	12,4%	531 282 234	1,4%	524 060 024
France	FJ	89 334 009	2,4%	87 213 391	3,5%	84 230 480
Export	FK	507 956 325	14,4%	444 068 843	1,0%	439 829 544
Stocked production	FM	1 782 432	285,4%	-961 568	-1288,8%	-69 237
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	400 347	34,2%	298 290
Release of reserves and provisions	FP	11 782 411	-9,3%	12 987 364	35,9%	9 553 621
Other income	FQ	9 064	-70,0%	30 246	-82,3%	171 161

Operating charges (II)

		31/12/2011		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	558 621 938	9,2%	511 721 874	-0,8%	515 743 108

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	205 623 245	59,6%	128 867 119	-22,8%	166 936 317
Change in stocks of goods for resale	FT	-7 481 899	-220,3%	-2 335 658	-116,2%	14 454 477
Purchase of raw materials	FU	144 051 853	-10,2%	160 470 434	1,7%	157 856 902
Change in stocks of raw materials	FV	-1 279 516	-414,3%	407 049	-6,0%	433 041
Other external purchases and charges	FW	73 630 204	5,7%	69 642 120	32,9%	52 395 968
Tax, duty and similar payments	FX	7 908 254	6,2%	7 444 021	23,0%	6 051 001
Payroll	FY	63 707 552	-12,8%	73 031 409	31,7%	55 440 869
Social security costs	FZ	31 678 014	-5,6%	33 565 929	29,9%	25 830 141

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	7 688 975	-8,7%	8 421 085	-0,1%	8 429 229
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	6 851 321	12,6%	6 087 052	-23,3%	7 931 326
Provisions for risks and charges	GD	4 271 888	-24,4%	5 653 533	68,4%	3 356 753

Other charges

		31/12/2011		31/12/2010		31/12/2009
Other charges	GE	21 972 047	7,3%	20 467 781	23,1%	16 627 084

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	253 706	-13,7%	294 087	-85,0%	1 958 850
Share financial income	GJ	177 617	845695,2%	21	0%	0
Other investment income & capitalised receivables	GK	30 172	-52,0%	62 872	-32,9%	93 680
Other interest and similar income	GL	61	-99,9%	67 351	79,9%	37 430
Released provisions and transferred charges	GM	45 856	-72,0%	163 843	-91,0%	1 827 740
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	4 899 428	-67,7%	15 183 419	239,7%	4 469 586
Financial reserves and provisions	GQ	2 897 445	6218,6%	45 856	-72,0%	163 842
Interest and similar charges	GR	1 532 778	-24,1%	2 020 469	-13,9%	2 347 352
Exchange losses	GS	469 205	-96,4%	13 117 094	569,8%	1 958 392
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary income (Total VII)	HD	1 987 681	4430,0%	43 878	-96,0%	1 084 188
Extraordinary operating income	HA	1 963 670	0%	0	0%	0
Extraordinary income from capital transactions	HB	24 011	-45,3%	43 878	-96,0%	1 084 188
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	2 766 974	-6,7%	2 964 428	33,6%	2 219 059
Extraordinary operating charges	HE	0	0%	0	0%	0
Extraordinary charges from capital transactions	HF	1 482	-99,7%	501 761	-61,2%	1 293 812
Extraordinary reserves and provisions	HG	2 765 492	12,3%	2 462 667	166,2%	925 247

Employee profit sharing (IX)

		31/12/2011		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	5 783 671	80,5%	3 204 766	-8,7%	3 508 479

Tax on profits (X)

		31/12/2011		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	13 057 496	161,4%	4 995 648	140,1%	2 080 631

References

		31/12/2011		31/12/2010		31/12/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	1 331 893	37,6%	967 677
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 incomes 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
Increases due to revaluation	OH	0	0%	0	0%	0
Decreases, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreases by budget item transfer	OK1	0	0%	0	0%	0
Decreases by transfers	OK2	0	0%	0	0%	0
Gross value at the end of period	OL	0	0%	0	0%	0

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
Increases due to revaluation	KB	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreases by budget item transfer	C01	0	0%	0	0%	0
Decreases 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	0	0%	0	0%	0
Increases due to revaluation	KE	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	KF	0	0%	0	0%	0
Decreases by budget item transfer	LV1	0	0%	0	0%	0
Decreases by transfers	LV2	0	0%	0	0%	0
Gross value at the end of period	LW	0	0%	0	0%	0

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	0	0%	0	0%	0
Increases due to revaluation	LO	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LP	0	0%	0	0%	0
Decreases by budget item transfer	NG1	0	0%	0	0%	0
Decreases by transfers	NG2	0	0%	0	0%	0
Gross value at the end of period	NH	0	0%	0	0%	0

Financial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	0	0%	0	0%	0
Increases due to revaluation	LR	0	0%	0	0%	0
Increases, acquisitions, creations, contributions	LS	0	0%	0	0%	0
Decreases by budget item transfer	NJ1	0	0%	0	0%	0
Decreases by transfers	NJ2	0	0%	0	0%	0
Gross value at the end of period	NK	0	0%	0	0%	0

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

			31/12/2011		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
Decreases		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
Decreases		PC	0	0%	0	0%	0
	Decreases 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	0	0%	0	0%	0
Increases		PF	0	0%	0	0%	0
Decreases		PG	0	0%	0	0%	0
	Decreases by budget item transfer	PH	0	0%	0	0%	0

Total fixed assets amortisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	0
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreases by budget item transfer	QX	0	0%	0	0%	0

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission 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
	Decreases 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 beginning 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 beginning 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%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

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

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Value at beginning 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 beginning 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 beginning 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	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	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	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2011		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
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%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	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	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
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	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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%	0
Debt repaid during the period	VK	0	0%	0	0%	0

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%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2011		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	0	0%	0	0%	0

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	1,44	4,3%	1,38	-11,0%	1,55	2,07	-30,4%
Global Debt	61 days	-23,8%	80 days	-4,8%	84 days	130 days	-53,1%
Working Capital Fund overall net	34 days	9,7%	31 days	-32,6%	46 days	86,50 days	-60,7%
Financial independence	%	-	%	-	141089,32%	621,42%	-
More ratios
Solvability	29,23%	107,5%	14,09%	-50,3%	28,33%	40,01%	-26,9%
Capacity debt futures	%	-	%	-	%	1701,11%	-
Coverage of current assets by net working capital overall	43,37%	5,8%	40,99%	-14,7%	48,05%	43,90%	-1,2%
General Liquidity		-		-		0,83	-
Restricted Liquidity		-		-		1,20	-

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	33 days	10,0%	30 days	-33,3%	45 days	42 days	-21,4%
Treasury	0 days	0%	1 days	0%	1 days	13,50 days	0%
Inventory turnover of goods	73 days	-21,5%	93 days	55,0%	60 days	30 days	143,3%
Average length of credit granted to customers	22 days	4,8%	21 days	-48,8%	41 days	73 days	-69,9%
Average length of credit obtained suppliers	26 days	-7,1%	28 days	-17,6%	34 days	66 days	-60,6%
More ratios
Inventory turnover of raw materials in industrial enterprises	22 days	0%	22 days	4,8%	21 days	58 days	-62,1%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	days	599 days	-
Rotation tangible assets	%	-	%	-	%	715%	-

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	3,30%	-61,4%	8,55%	96,1%	4,36	0%	0%
Profitability of the business	13,60	21,2%	11,22	30,9%	8,57	5,80%	134,5%
Net profit	4,68%	314,2%	1,13%	-34,3%	1,72%	3,42%	36,8%
More ratios
Growth rate of turnover (excluding VAT)	12,42%	800%	1,38%	-83,6%	8,39%	7,67%	61,9%
Rates integration	30,89%	-5,3%	32,61%	29,6%	25,17%	36,05%	-14,3%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	51,69%	-16,0%	61,52%	-0,1%	61,61%	77,10%	-33,0%
Weight interests	0,82	-71,3%	2,86%	236,5%	0,85%	0,23%	256,5%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	6,92%	111,6%	3,27%	-8,7%	3,58%	4,62%	49,8%
Rates of economic profitability	97%	27,6%	76%	85,4%	41%	16,29%	495,5%
Financial profitability	49413341%	130,5%	21437221%	-59,0%	52252429%	154247%	31935,2%
Return on investment	39,24%	45,0%	27,07%	118,8%	12,37%	11,93%	228,9%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	597 290 334	12,4%	531 282 234	1,4%	524 060 024	737 100 €	80932,5%

Sales of goods	217 869 814	26,7%	171 943 876	-15,8%	204 264 614
- Purchase of goods	205 623 245	59,6%	128 867 119	-22,8%	166 936 317
+/- Stock of goods variation	-7 481 899	-220,3%	-2 335 658	-116,2%	14 454 477
Trading margin	19 728 468 €	-56,6%	45 412 415 €	98,5%	22 873 820 €	0 €	0%
	3,30 % CA	-61,4%	8,55 % CA	96,1%	4,36 % CA	0 % CA	0%

Sale of goods produced	379 420 520	5,6%	359 338 358	12,4%	319 795 410
+/- Stocked production	1 782 432	285,4%	-961 568	-1288,8%	-69 237
+ Self-constructed assets	0	0%	0	0%	0
Period production	381 202 952 €	6,4%	358 376 790 €	12,1%	319 726 173 €	570 792 €	66684,9%
	63,82 % CA	-5,4%	67,46 % CA	10,6%	61,01 % CA	99,53 % CA	-35,9%

Trading margin	19 728 468	-56,6%	45 412 415	98,5%	22 873 820	0	0%
+ Period Production	381 202 952	6,4%	358 376 790	12,1%	319 726 173	570 792	66684,9%
- Purchase of raw materials	144 051 853	-10,2%	160 470 434	1,7%	157 856 902
+/- Change in stocks of raw materiels	-1 279 516	-414,3%	407 049	-6,0%	433 041
- Other external purchases and charges	73 630 204	5,7%	69 642 120	32,9%	52 395 968
Added value	184 528 879 €	6,5%	173 269 602 €	31,4%	131 914 082 €	283 983 €	64878,8%
	30,89 % CA	-5,3%	32,61 % CA	29,6%	25,17 % CA	36,05 % CA	-14,3%

Added value	184 528 879 €	6,5%	173 269 602 €	31,4%	131 914 082 €	283 983 €	64878,8%
+ Operating grants	0	0%	400 347	34,2%	298 290
- Tax, duty and similar payments	7 908 254	6,2%	7 444 021	23,0%	6 051 001
- Personal charges	95 385 566	-10,5%	106 597 338	31,2%	81 271 010
Gross operating surplus	81 235 059 €	36,2%	59 628 590 €	32,8%	44 890 361 €	31 949 €	254164,8%
	13,60 % CA	21,2%	11,22 % CA	30,9%	8,57 % CA	5,80 % CA	134,5%

Gross operating surplus	81 235 059 €	36,2%	59 628 590 €	32,8%	44 890 361 €	31 949 €	254164,8%
+ Release of reserves and provisions	11 782 411	-9,3%	12 987 364	35,9%	9 553 621
+ Other operating income	9 064	-70,0%	30 246	-82,3%	171 161
- Depreciation/Amortisation	18 812 184	-6,7%	20 161 670	2,3%	19 717 308
- Other charges	21 972 047	7,3%	20 467 781	23,1%	16 627 084
Operating result	52 242 303 €	63,2%	32 016 749 €	75,2%	18 270 751 €	23 484 €	222359,1%
	8,75 % CA	45,1%	6,03 % CA	72,8%	3,49 % CA	4,26 % CA	105,4%

Operating result	52 242 303 €	63,2%	32 016 749 €	75,2%	18 270 751 €	23 484 €	222359,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	253 706	-13,7%	294 087	-85,0%	1 958 850
- Financial charges	4 899 428	-67,7%	15 183 419	239,7%	4 469 586
Pre-tax result	47 596 581 €	177,9%	17 127 417 €	8,7%	15 760 015 €	23 304 €	204142,1%
	7,97 % CA	147,5%	3,22 % CA	7,0%	3,01 % CA	4,19 % CA	90,2%

Extraordinary income	1 987 681	4430,0%	43 878	-96,0%	1 084 188	997	199266,2%
- Extraordinary charges	2 766 974	-6,7%	2 964 428	33,6%	2 219 059
Extraordinary result	-779 293 €	73,3%	-2 920 550 €	-157,3%	-1 134 871 €	0 €	0%
	-0,13 % CA	76,4%	-0,55 % CA	-150,0%	0 % CA	0 % CA	0%

Pre-tax result	47 596 581 €	177,9%	17 127 417 €	8,7%	15 760 015 €	23 304 €	204142,1%
Extraordinary result	-779 293 €	73,3%	-2 920 550 €	-157,3%	-1 134 871 €	0 €	0%
- Employee profit sharing	5 783 671	80,5%	3 204 766	-8,7%	3 508 479
- Tax on profits	13 057 496	161,4%	4 995 648	140,1%	2 080 631
Net result	27 976 121 €	365,8%	6 006 453 €	-33,5%	9 036 034 €	20 320 €	137577,8%
	4,68 % CA	314,2%	1,13 % CA	-34,3%	1,72 % CA	3,42 % CA	36,8%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Engaged in Disposable Devices and Hardware Systems Operations
RCS Registration	RCS Saverne 0 434 691 192	Share capital	13,688,350 Euros
Registration Court	Saverne (67)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 0 1B00047	EUR VAT Number	FR59434691192
Incorporation Date	02/2001	Formation Date	02/2001
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Engaged in Disposable Devices and Hardware Systems Operations	Business Pages FT®
Postal Address	MILLIPORE 39 RTE INDUSTRIELLE DE LA HARDT 67120 MOLSHEIM	Trading Address	39 ROUTE INDUSTRIELLE DE LA HARDT 67120 MOLSHEIM
Telephone	03 90 46 90 00
Fax

Type	Head office	Status	Economically active
Formation Date	02/2001	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bas-Rhin (67)	Region	Alsace
District	3	Area	14
City	MOLSHEIM	Size of urban area

Other establishments

Branches	3 branch entities in this company
Head office	> MILLIPORE <<<  - Fabrication d'autres machines d'usage général (2829B)  in MOLSHEIM  (67120)
Secondary establishments	>  MILLIPORE  - Fabrication d'autres machines d'usage général (2829B)  in DUTTLENHEIM  (67120) >  MILLIPORE  - Fabrication d'autres machines d'usage général (2829B)  in ENTZHEIM  (67960) >  MILLIPORE  - Fabrication d'autres machines d'usage général (2829B)  in DACHSTEIN  (67120) >  MILLIPORE  - Fabrication d'autres machines d'usage général (2829B)  in GUYANCOURT  (78280) > ...

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

Workforces

	Workforce at address	1 000 to 1 999 employees	Company workforce	1 000 to 1 999 employees
Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
18/07/2013	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 2163 - 434691192 RCS. MILLIPORE. Forme : S.A.S.. Adresse : 39, route Industrielle de La Hardt 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
11/10/2012	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 675 - 434 691 192 RCS Saverne. MILLIPORE. Forme : S.A.S. Capital : 13688350 EUR. Activité : . Commentaires : fusion - L236-1 à compter du 30/06/2012 : personne morale ayant participé à l'opération : DELAHARDT, Société par actions simplifiée (SAS), 39, route Industrielle de la Hardt, 67120 Molsheim (RCS Saverne 510 526 908).
13/08/2012	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1340 - 434691192 RCS. MILLIPORE. Forme : S.A.S.. Adresse : 39, route Industrielle de La Hardt 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
19/06/2012	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1327 - 434 691 192 RCS Saverne. MILLIPORE. Forme : S.A.S. Administration : président : AREND (Bernard), directeurs généraux : KATTWINKEL (Tim) et RAY (Marc-Etienne), commissaire aux comptes titulaire : KPMG AUDIT ID, commissaire aux comptes suppléant : KPMG AUDIT IS. Activité : . Commentaires : modification survenue sur la forme juridique, l'administration.
25/05/2012	JAL	Appointment of the social representative
Affiches d Alsace et de Lorraine (Les Affiches - Le Moniteur) Date de décision : 19/04/2012 Société faisant l'objet d'une nomination : 434691192 - MILLIPORE, 39 RTE INDUSTRIELLE DE LA HARDT, 67120 MOLSHEIM Nominé : Monsieur Marc Etienne RAY, 67000 STRASBOURG En la fonction de : Directeur général
25/05/2012	JAL	Resignation / Revocation of the social representative
Affiches d Alsace et de Lorraine (Les Affiches - Le Moniteur) Date de décision : 19/04/2012 La société 434691192 - MILLIPORE, 39 RTE INDUSTRIELLE DE LA HARDT, 67120 MOLSHEIM Fait l'objet du départ de Monsieur Laurent PASTEAU
09/05/2012	Bodacc A	Vente et cession : Acheteur
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 539 - 434 691 192 RCS Saverne. SOCIETE MILLIPORE. Forme : S.A.S. Capital : 13688350 EUR. Adresse : 39 route industrielle de la Hardt, 67120 Molsheim. Origine du fonds : Projet de fusion. Adresse : . Date de commencement de l’activité : 01/01/0001. Oppositions : Art. L 236-14 du code de commerce. Descriptif : Aux termes d'un acte sous seing priv¿ en date ¿ Molsheim du 27/04/2012, la soci¿t¿ DELAHARDT, S.A.S. au capital de 1 000 euros, sise 39, route industrielle de la Hardt, 67120 Molsheim, immatricul¿e au RCS de Saverne sous le n¿ 510 526 908, et la soci¿t¿ MILLIPORE, S.A.S. au capital de 13 688 350 euros, sise 39, route industrielle de la Hardt, 67120 Molsheim, immatricul¿e au RCS de Saverne sous le n¿ 434 691 192, ont ¿tabli le projet de leur fusion par voie d'absorption de la soci¿t¿ DELAHARDT par la soci¿t¿ MILLIPORE ; la soci¿t¿ DELAHARDT ferait apport ¿ la soci¿t¿ MILLIPORE de la totalit¿ de son actif, soit 143 513 euros, ¿ charge de la totalit¿ de son passif, soit 5 055 euros ; la valeur nette des apports s'¿l¿verait ¿ 138 458 euros ; la soci¿t¿ MILLIPORE d¿tenant la totalit¿ des titres composant le capital social de la soci¿t¿ DELAHARDT, il ne sera proc¿d¿ ¿ aucune augmentation de capital et aucun apport d'¿change n'a ¿t¿ d¿termin¿ ; conform¿ment ¿ l'article L 236-6 du code de commerce, le projet de fusion a ¿t¿ d¿pos¿ au greffe du Tribunal de Commerce de Saverne au nom des deux soci¿t¿s le 2 mai 2012. Commentaires : Autre achat, apport, attribution.
29/04/2012	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 916 - 434 691 192 RCS Saverne. MILLIPORE. Forme : S.A.S. Administration : président : AREND (Bernard), directeurs généraux : KATTWINKEL (Tim) et PASTEAU (Laurent, Marie, Bernard), commissaire aux comptes titulaire : KPMG AUDIT ID, commissaire aux comptes suppléant : KPMG AUDIT IS. Activité : . Commentaires : modification survenue sur l'administration.
27/10/2011	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1202 - 434 691 192 RCS Saverne. MILLIPORE. Forme : Société par actions simplifiée. Administration : président : AREND (Bernard), directeurs généraux : KATTWINKEL (Tim) et PASTEAU (Laurent, Marie, Bernard), commissaires aux comptes titulaires PRICEWATERHOUSECOOPERS AUDIT et KPMG AUDIT ID, commissaires aux comptes suppléants : BORIS (Etienne) et KPMG AUDIT IS. Activité : . Commentaires : modification survenue sur l'administration.
13/10/2011	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1245 - 434691192 RCS. MILLIPORE. Forme : S.A.S. Adresse : 39, route industrielle de La Hardt, 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
09/09/2011	JAL	Appointment of the social representative
Est agricole et viticole (L') Société faisant l'objet d'une nomination : 434691192 - MILLIPORE, 39 RTE INDUSTRIELLE DE LA HARDT, 67120 MOLSHEIM Nominé : Monsieur Laurent PASTEAU, 67120 MOLSHEIM En la fonction de : Directeur général Date d'effet : 17/06/2011
09/09/2011	JAL	Resignation / Revocation of the social representative
Est agricole et viticole (L') Date de décision : 17/06/2011 La société 434691192 - MILLIPORE, 39 RTE INDUSTRIELLE DE LA HARDT, 67120 MOLSHEIM Fait l'objet du départ de Monsieur Didier KAUFFER Date d'effet : 17/06/2011
24/03/2011	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1264 - 434 691 192 RCS Saverne. MILLIPORE. Forme : Société par actions simplifiée. Administration : président : AREND (Bernard), directeurs généraux : KAUFFER (Didier) et KATTWINKEL (Tim), commissaires aux comptes titulaires : PRICEWATERHOUSECOOPERS AUDIT et KPMG AUDIT ID, commissaires aux comptes suppléants : BORIS (Etienne) et KPMG AUDIT IS. Activité : . Commentaires : modification survenue sur l'administration.
27/10/2010	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1153 - 434691192 RCS. MILLIPORE. Forme : S.A.S. Adresse : 39, route industrielle de La Hardt, 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
31/12/2009	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1233 - 434691192 RCS. MILLIPORE. Forme : S.A.S. Adresse : 39, route Industrielle de La Hardt, 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
09/12/2008	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1377 - 434691192 RCS. MILLIPORE. Forme : S.A.S. Adresse : 39, route industrielle de La Hardt, 67120 Molsheim. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
21/10/2008	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 1023 - 434 691 192 RCS Saverne. MILLIPORE. Forme : S.A.S. Administration : président partant : STURNI (Claude) ; nouveau président : AREND (Bernard) ; nouveau directeur général : KAUFFER (Didier) ; nouveau directeur général : KATTWINKEL (Tim). Capital : 13688350 EUR. Adresse du siège social : 39 route Industrielle de la Hardt, 67120 Molsheim. Commentaires : modification survenue sur l'administration ; date d'effet : 26/06/2008.
13/02/2008	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE SAVERNE 2822 - 434 691 192 RCS Saverne. MILLIPORE. Forme : S.A.S. Administration : partant commissaire aux comptes suppléant : NICOLAS (Yves), directeur général partant : BOSSERELLE (Weber, Brigitte), nouveau commissaire aux comptes suppléant : BORIS (Etienne). Capital : 13688350 EUR. Adresse du siège social : 39 route Industrielle de la Hardt, 67120 Molsheim. Commentaires : date d'effet : 01/08/2007, modification survenue sur le capital, ancien : 13 726 850 euros.
31/01/2007	Bodacc C	Avis de dépôt des comptes
1857 - RCS Saverne B 434 691 192. RC 01-B 47. MILLIPORE. Forme: S.A.S. Adresse du siège social: 39, route industrielle de La Hardt,67120 Molsheim. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
24/10/2006	Bodacc B	Modifications et mutations diverses
1009 - Ancienne situation du siège social : RCS Saverne 434 691 192. RC 01-B 47. MILLIPORE. Forme : S.A.S. Capital : 13 606 850 euros. Adresse : 39 route industrielle de la Hardt, 67120 Nouvelle situation du siège social - Capital : 13 726 850 euros. Commentaires : augmentation du capital suite à la fusion-absorption de la STE NOVASEPTIC FRANCE. Date d'effet : 29 juin 2006.
04/01/2006	Bodacc C	Avis de dépôt des comptes
1468 - RCS Saverne B 434 691 192. RC 01-B 47. MILLIPORE. Forme: S.A.S. Adresse du siège social: 39, route industrielle de la Hardt,67120 Molsheim. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
28/07/2005	Bodacc B	Modifications et mutations diverses
2004 - RCS Saverne 434 691 192. RC 01-B 47. MILLIPORE. Forme : S.A.S. Capital : 13 606 850 euros. Adresse du siège social : 39 route industrielle de la Hardt,, 67120 Administration : ancien président : LARY (John, Edward). Nouveau président : STURNI (Claude). Date d'effet : 30 mars 2005.
12/09/2004	Bodacc B	Modifications et mutations diverses
RCS Saverne 434691192 RC 01-B 47 MILLIPORE. Forme : S.A.S. Capital : 13 606 850 euros. Adresse du siège social : 39 route industrielle de la Hardt, 67120 Molsheim. Administration : ancien président : DOCKSEY (Steven). Nouveau président : LARY (John, Eward). Date d'effet : 17 juin 2004.
24/06/2001	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Saverne B 434691192 RC 01-B 47 MILLIPORE. Forme : S.A.S. Capital : 38 500 euros. Adresse : 39 Route industrielle de la Hardt, 67120 Molsheim Nouvelle situation du siège social. Capital : 13 606 850 euros. Commentaires : augmentation du capital suite à l' apport-scission entre les sociétés MILLIPORE S.A., MILLIPORE S.A.S. et MILLIPORE MIE S.A.S. Date d'effet : 2 avril 2001.
25/05/2001	Bodacc B	Modifications et mutations diverses
RCS Saverne B 434691192 RC 01-B 47 MILLIPORE. Forme : S.A.S. Capital : 38 500 euros. Activité : toutes opérations ou prestations se rapportant à la fabrication, à l'achat et à la vente de tout matériel servant à la filtration ou à des techniques basées sur ce dernier principe en particulier des produits à usage médical, chirurgical ou à tout autre usage quel qu'il soit et à toutes opérations financières, industrielles ou commerciales, susceptibles d'en favoriser le développement. Adresse du siège social : 39 route industrielle de la Hardt, 67120 Molsheim. Commentaires : mise en activité de la société suite à la création d'un fonds Date de début d' activité: 1er mars 2001.
20/03/2001	Bodacc A	Création d'établissement
RCS Saverne B 434691192 A dater du: 26 février 2001 RC 01-B 47 MILLIPORE. Forme : S.A.S. Capital : 38 500 euros. Adresse du siège social : 39 route industrielle de La Hardt, 67120 Molsheim. Administration : président : DOCKSEY (Steven, John). Directeur : Mme BOSSERELLE (Brigitte). Commissaire aux comptes titulaire : NICOLAS (Yves) Cette société se constitue , mais n'exploite provisoirement aucun établissement.

Company events history

Date	Description
16/10/2013	Update Limit
16/10/2013	Update Rating
18/07/2013	Bodacc C : Deposit accounts notice
30/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
11/10/2012	Bodacc B: Various editing or changing
16/08/2012	Merger
16/08/2012	Private document
13/08/2012	Bodacc C : Deposit accounts notice
03/08/2012	Disengagement of the group
03/08/2012	New ultimate parent
03/08/2012	New parent detected
19/06/2012	Bodacc B: Various editing or changing
25/05/2012	Legal Gazette: Resignation / Revocation of the social representative
23/05/2012	Amendment
23/05/2012	Minutes of general meeting of shareholders
23/05/2012	Appointment/resignation of company officers
09/05/2012	Bodacc A : Sale and transfer
02/05/2012	Planned merger
02/05/2012	Private document
29/04/2012	Bodacc B: Various editing or changing
19/04/2012	Legal Gazette: Appointment of the social representative
19/04/2012	Update of Company Legal Form
19/04/2012	Modification to Company Identifier
02/03/2012	Amendment
02/03/2012	Private document
02/03/2012	New auditor
02/03/2012	Appointment/resignation of company officers
31/12/2011	New accounts available
27/10/2011	Bodacc B: Various editing or changing
15/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/10/2011	Bodacc C : Deposit accounts notice
09/09/2011	Legal Gazette: Resignation / Revocation of the social representative
06/09/2011	Amendment
06/09/2011	Minutes of general meeting of shareholders
06/09/2011	Appointment/resignation of company officers
06/09/2011	Private document
01/07/2011	Disengagement of the group
01/07/2011	New parent detected
17/06/2011	Legal Gazette: Appointment of the social representative
24/03/2011	Bodacc B: Various editing or changing
08/02/2011	Private document
08/02/2011	Amendment
08/02/2011	Appointment/resignation of company officers
31/12/2010	New accounts available
27/10/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
31/12/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
09/12/2008	Bodacc C : Deposit accounts notice
21/10/2008	New Bodacc B ads detected
21/10/2008	Bodacc B: Various editing or changing
08/09/2008	Acte modificatif
08/09/2008	Amendment
08/09/2008	Statuts mis à jour
08/09/2008	PV d'Assemblée
08/09/2008	Acte sous seing privé
08/09/2008	Private document
08/09/2008	Nomination/démission des organes de gestion
08/09/2008	Minutes of general meeting of shareholders
08/09/2008	Updated articles of association
08/09/2008	Appointment/resignation of company officers
13/02/2008	New Bodacc B ads detected
13/02/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
16/10/2007	Private document
16/10/2007	Acte sous seing privé
16/10/2007	Réduction de Capital
16/10/2007	Capital reduction
16/10/2007	Acte modificatif
16/10/2007	Updated articles of association
16/10/2007	Statuts mis à jour
16/10/2007	Minutes of general meeting of shareholders
16/10/2007	PV d'Assemblée
01/01/2007	Acte sous seing privé
01/01/2007	Acte modificatif
01/01/2007	Private document
01/01/2007	Minutes of general meeting of shareholders
01/01/2007	PV d'Assemblée
01/01/2007	Appointment/resignation of company officers
01/01/2007	Nomination/démission des organes de gestion
31/12/2006	New accounts available
25/09/2006	Capital increase
25/09/2006	Acte sous seing privé
25/09/2006	Private document
25/09/2006	Déclaration de conformité
25/09/2006	PV d'Assemblée
25/09/2006	Minutes of general meeting of shareholders
25/09/2006	Statuts mis à jour
25/09/2006	Updated articles of association
25/09/2006	Acte modificatif
25/09/2006	Augmentation de Capital
25/09/2006	Declaration of conformity
29/06/2006	Acte sous seing privé
29/06/2006	Private document
29/06/2006	Rapport des Commissaires ou du Gérant
29/06/2006	Audit or Management Report
18/05/2006	Planned merger
18/05/2006	Projet de Fusion
18/05/2006	Private document
18/05/2006	Acte sous seing privé
31/12/2005	New accounts available
21/10/2005	PV d'Assemblée
21/10/2005	Minutes of general meeting of shareholders
21/10/2005	Acte modificatif
21/10/2005	Acte sous seing privé
21/10/2005	Private document
21/10/2005	Nomination/démission des organes de gestion
21/10/2005	Appointment/resignation of company officers
21/10/2005	New auditor
21/10/2005	Changement de Commissaire aux Comptes
20/06/2005	Nomination/démission des organes de gestion
20/06/2005	Private document
20/06/2005	Acte sous seing privé
20/06/2005	Appointment/resignation of company officers
20/06/2005	PV d'Assemblée
20/06/2005	Acte modificatif
20/06/2005	Minutes of general meeting of shareholders
31/12/2004	New accounts available
28/07/2004	Appointment/resignation of company officers
28/07/2004	Acte modificatif
28/07/2004	Minutes of general meeting of shareholders
28/07/2004	PV d'Assemblée
28/07/2004	Private document
28/07/2004	Acte sous seing privé
28/07/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
14/05/2001	Statuts mis à jour
14/05/2001	Acte sous seing privé
14/05/2001	PV d'Assemblée
14/05/2001	Déclaration de conformité
14/05/2001	Augmentation de Capital
14/05/2001	Acte modificatif
26/03/2001	Acte sous seing privé
26/03/2001	Rapport des Commissaires ou du Gérant
02/03/2001	Projet de Fusion
02/03/2001	Acte sous seing privé
26/02/2001	Acte modificatif
26/02/2001	Statuts
26/02/2001	Formation de Société
26/02/2001	Acte sous seing privé

Establishment events history

Date	Description
05/10/2013	Update Limit
07/09/2013	Update Rating
30/11/2012	Update Rating
30/11/2012	Update Limit
06/10/2012	Update Limit
08/09/2012	Update Rating
19/04/2012	Modification of Head office
19/04/2012	Update of Establishment Workforce
15/10/2011	Update Limit
15/10/2011	Update Rating
08/10/2011	Update Limit
03/09/2011	Update Rating
07/05/2011	Update Rating
04/10/2010	Update Rating
03/09/2010	Update Rating
18/03/2010	Update Rating
18/03/2010	Update Limit
29/12/2009	Update Rating
02/10/2009	Update Limit
05/09/2009	Update Rating
20/11/2008	Update Rating
20/11/2008	Update Limit
23/10/2008	Update Limit
27/09/2008	Update Rating
22/02/2008	Update Limit
22/02/2008	Update Rating
10/12/2007	Update Limit
09/12/2007	Update Limit

NOTES & COMMENTS

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

	The shareholder's equity is 49,413,341 €
	The sales to current assets ratio is 4,84
	The creditor days are 18.38
	The liabilities are 101,558,897 €
	The net current assets are 123,487,889 €
	The net turnover is 597,290,334 €
	The pre-tax profit is 41,033,617 €
	The risk provisions are 17,591,800 €
	The total assets are 169,070,346 €
	Low risk workforce size
	The company has 4 directors
	Industry code with low risk rating
	Department code with low risk rating
	The ratio total assets to total liabilities is 1,42
	The stock to turnover ratio is 13.04
	The return on total assets employed is 24.27
	The deviation of tangible fixed assets over the last two accounting periods is 100.77 %
	The deviation in the gearing percentage over the last two accounting periods is 32.27 %

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.67
UK Pound	1	Rs.100.65
Euro	1	Rs.84.25

INFORMATION DETAILS

Report Prepared by :

MNL

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.