MIRA INFORM REPORT

Report Date :

14.12.2013

IDENTIFICATION DETAILS

Name :	ESCAL ESCARGOT D'ALSACE
Registered Office :	6 Rue De La Minoterie, Bp 59, 67017 Strasbourg Cedex
Country :	France
Financials (as on) :	31.12.2010
Date of Incorporation :	January 1976
Com. Reg. No.:	RCS Strasbourg B 307 667 089
Legal Form :	Public limited company with board of directors
Line of Business :	Processing and preserving of fish, crustaceans and molluscs
No. of Employees :	50 to 99 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 :	Slow but Correct
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

ESCAL ESCARGOT D'ALSACE

SIRET

307 667 089 00022

Company summary

Trade name	NUTRANA-LIESEL ESCARGOTS-LIESEL-ESCAL...
		EUR VAT Number	FR10307667089
Activity (APE)	Transformation et conservation de poisson, de crustacés et de mollusques (1020Z) (Processing and preserving of fish, crustaceans and molluscs (1020Z))	Legal form	Public limited company with board of directors
Phone	03 88 60 05 56	RCS Registration	RCS Strasbourg B 307 667 089
Fax	03 88 60 78 50	Share capital	160,000 Euros
Address	ESCAL ESCARGOT D'ALSACE NUTRANA-LIESEL ESCARGOTS-LIESEL-ESCAL. 6 RUE DE LA MINOTERIE BP 59 67017 STRASBOURG CEDEX	Incorporated Date
Nationality	France	Status	Economically active

DIRECTORS/MANAGEMENT

Directors

Name	M. TOURRES LOIS
Manager position	Chairman of the Board	Date of birth
Place of birth
Type	Individual	Name at birth

Name	MME. RADKE CONSTANCE
Manager position	Administrator	Date of birth	04/02/1961
Place of birth	BAMBERG ALLEMAGNE
Type	Individual	Name at birth	TOURRES

Name	MME. TOURRES BABETTE
Manager position	Managing director	Date of birth
Place of birth
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.

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

Preferential rights details and history

Summary of preferential rights

Status of Monitoring	Collection of preferential rights impossible on this company
Number of active preferential rights	0
Total amount	-
Due remaining amount	-

SHARE & SHARE CAPITAL INFORMATION

No Shareholders available for this company.

GROUP STRUCTURE & AFFILIATED COMPANIES

No group information available for the company.

FINANCIAL INFORMATION

Trading to Date	12/31/2010	12/31/2009	12/31/2008
Turnover	65,164,586 €	60,359,514 €	66,635,008 €
Gross Operating Surplus	3,15 % Turnover	4,80 % Turnover	8,12 % Turnover
Shareholders’ equity	15,704,614 €	13,962,048 €	12,022,697 €
Net result	1,743,053 €	2,189,828 €	1,908,475 €
Employees	50 to 99 employees	-	-

Accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2010	31/12/2009	31/12/2008
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	09/07/2012	09/07/2012	03/06/2010
Activity Code	1020Z	1020Z	1020Z
Employees	0	0	0

Active account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	2 202 298	-5,8%	2 336 855	-14,6%	2 736 491	243 951	802,8%
- Intangible assets	9 247	272,0%	2 486	-42,1%	4 296	7 165	29,1%
- Tangible assets	1 257 831	-3,5%	1 303 128	-13,1%	1 499 654	113 886	1004,5%
- Financial assets	935 220	-9,3%	1 031 241	-16,3%	1 232 541	4 991	18638,1%
Net current assets	35 842 461	9,4%	32 758 128	-14,5%	38 329 126	729 832	4811,1%
- Stocks	12 488 408	37,3%	9 092 593	-16,8%	10 925 436	96 450	12848,1%
- Advanced payments	0	9,4%	0	0%	0	0	0%
- Receivables	21 276 924	-0,7%	21 428 447	-17,7%	26 023 859	338 363	6188,2%
- Securities and cash	2 077 129	-7,2%	2 237 088	62,1%	1 379 831	84 587	2355,6%
- Prepaid expenses	-	-	-	-	-	525	-
Accounts of regularization	01	-99,9%	1 703	54,5%	1 102	0	0%
Total Assets	38 044 760	8,4%	35 096 686	-14,5%	41 066 719	959 044	3866,9%

Passive Account

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Shareholders' equity	15 704 614	12,5%	13 962 048	16,1%	12 022 697	222 296	6964,7%
Share capital	160 000	0%	160 000	0%	160 000	90 000	77,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	719 345	-26,2%	974 649	-13,1%	1 122 077	0	0%
Liabilities	21 611 650	7,3%	20 144 872	-27,7%	27 858 796	599 427	3505,4%
- Financial liabilities	1 448 493	42,4%	1 017 432	-68,7%	3 245 712	102 346	1315,3%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	13 583 959	-2,1%	13 876 892	-27,5%	19 141 575	213 323	6267,8%
- Tax and social liabilities	1 898 602	7,4%	1 767 429	-15,0%	2 079 574	172 026,50	1003,7%
- Other debts and fixed assets liabilities	4 689 746	34,1%	3 498 236	1,2%	3 455 084	15 988	29232,9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	38 044 759	8,4%	35 096 684	-14,5%	41 066 719	959 043	3867,0%

Results

Annual Accounts	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Sales of Goods	69 199 156	7,9%	64 155 996	-8,3%	69 934 287	1 878 212	3584,3%
Net turnover	65 164 586	8,0%	60 359 514	-9,4%	66 635 008	1 846 374	3429,3%
- of which net export turnover	31 706 187	11,2%	28 499 955	-4,5%	29 838 877	0	0%
Operating charges	65 883 391	8,7%	60 592 651	-8,3%	66 094 757	1 834 924	3490,5%
Operating profit/loss	3 315 765	-6,9%	3 563 345	-7,2%	3 839 530	26 189	12560,9%
Financial income	61 861	-52,6%	130 414	34,2%	97 150	184	33520,1%
Financial charges	315 049	21,3%	259 774	-38,9%	424 892	4 932	6287,9%
Financial profit/loss	-253 188	-95,7%	-129 360	60,5%	-327 742	-2 637	-9501,4%
Pretax net operating income	3 062 577	-10,8%	3 433 985	-2,2%	3 511 788	21 213	14337,3%
Extraordinary income	325 095	45,5%	223 392	-62,3%	593 149	4 270	7513,5%
Extraordinary charges	545 228	140,2%	226 997	-77,3%	1 001 244	3 710	14596,2%
Extraordinary profit/loss	-220 133	-6006,3%	-3 605	99,1%	-408 095	0	0%
Net result	1 743 053	-20,4%	2 189 828	14,7%	1 908 475	18 901	9122,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2010	31/12/2009	31/12/2008
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2010		31/12/2009		31/12/2008
	Grand Total (I to VI)	Net	38 044 760	8,4%	35 096 686	-14,5%	41 066 719
	Gross	CO	42 285 947	5,1%	40 218 732	-13,9%	46 733 822
	Amortisation	1A	4 241 187	-17,2%	5 122 046	-9,6%	5 667 103

Non declared distributed capital (I)

		31/12/2010		31/12/2009		31/12/2008
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			31/12/2010		31/12/2009		31/12/2008
	Total Active fixed asset (II)	Net	2 202 298	-5,8%	2 336 855	-14,6%	2 736 491
	Gross	BJ	5 319 397	0,2%	5 311 410	-6,3%	5 666 078
	Amortisation	BK	3 117 099	4,8%	2 974 555	1,5%	2 929 587

Intangilble fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	0	0%	0	0%	0
	Gross	AF	0	0%	0	0%	0
	Amortisation	AG	0	0%	0	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	9 247	272,0%	2 486	-42,1%	4 296
	Gross	AJ	103 276	8,2%	95 447	1,0%	94 457
	Amortisation	AK	94 029	1,1%	92 961	3,1%	90 161
	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	9 247	272,0%	2 486	-42,1%	4 296

Tangible fixed assets

			31/12/2010		31/12/2009		31/12/2008
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	81 074	-14,5%	94 860	-12,8%	108 768
	Gross	AP	1 016 535	0%	1 016 535	0%	1 016 535
	Amortisation	AQ	935 461	1,5%	921 675	1,5%	907 767
	Plant	Net	346 392	-15,5%	409 735	-19,8%	510 660
	Gross	AR	1 376 117	-3,1%	1 420 467	-11,7%	1 608 967
	Amortisation	AS	1 029 725	1,9%	1 010 732	-8,0%	1 098 307
	Other tangible fixed assets	Net	830 365	4,0%	798 533	-9,3%	880 226
	Gross	AT	1 888 249	8,0%	1 747 720	2,0%	1 713 578
	Amortisation	AU	1 057 884	11,5%	949 187	13,9%	833 352
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	1 257 831		1 303 128		1 499 654

Financial assets

			31/12/2010		31/12/2009		31/12/2008
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	286 394	0%	286 394	0%	286 394
	Gross	CU	286 394	0%	286 394	0%	286 394
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	648 826	-12,9%	744 847	-21,3%	946 147
	Gross	BH	648 826	-12,9%	744 847	-21,3%	946 147
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		935 220		1 031 241		1 232 541

Current Assets (III)

			31/12/2010		31/12/2009		31/12/2008
	Total Assets	Net	35 842 461	9,4%	32 758 128	-14,5%	38 329 126
	Gross	CJ	36 966 549	5,9%	34 905 619	-15,0%	41 066 642
	Amortisation	CK	1 124 088	-47,7%	2 147 491	-21,6%	2 737 516

Stocks

			31/12/2010		31/12/2009		31/12/2008
	Raw materials	Net	8 730 463	40,0%	6 237 716	-15,0%	7 339 511
	Gross	BL	9 565 949	16,9%	8 185 106	-16,4%	9 788 039
	Amortisation	BM	835 486	-57,1%	1 947 390	-20,5%	2 448 528
	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	3 757 945	31,6%	2 854 877	-20,4%	3 585 925
	Gross	BR	4 005 213	32,9%	3 013 644	-21,7%	3 850 078
	Amortisation	BS	247 268	55,7%	158 767	-39,9%	264 153
	Goods for resale	Net	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	12 488 408	37,3%	9 092 593	-16,8%	10 925 436

Advance payments to suppliers

			31/12/2010		31/12/2009		31/12/2008
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2010		31/12/2009		31/12/2008
	Trade accounts receivable	Net	17 229 980	-5,9%	18 306 084	-19,9%	22 851 449
	Gross	BX	17 271 314	-5,9%	18 347 418	-19,8%	22 876 284
	Amortisation	BY	41 334	0%	41 334	66,4%	24 835
	Other debtors	Net	1 737 081	40,2%	1 238 814	-32,6%	1 838 652
	Gross	BZ	1 737 081	40,2%	1 238 814	-32,6%	1 838 652
	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	18 967 061	-3,0%	19 544 898	-20,8%	24 690 101

Divers

			31/12/2010		31/12/2009		31/12/2008
	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	2 077 129	-7,2%	2 237 088	62,1%	1 379 831
	Gross	CF	2 077 129	-7,2%	2 237 088	62,1%	1 379 831
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	2 077 129	-7,2%	2 237 088	62,1%	1 379 831

Prepaid expenses

			31/12/2010		31/12/2009		31/12/2008
	Prepaid expenses	Net	2 309 863	22,6%	1 883 549	41,2%	1 333 758
	Gross	CH	2 309 863	22,6%	1 883 549	41,2%	1 333 758
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2010		31/12/2009		31/12/2008
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	01	-99,9%	1 703	54,5%	1 102
Gross		01	-99,9%	1 703	54,5%	1 102

References

		31/12/2010		31/12/2009		31/12/2008
Due within one year	CP	0	0%	744 847	-21,3%	946 147
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)

		31/12/2010		31/12/2009		31/12/2008
Grand Total (I to V)	EE	38 044 759	8,4%	35 096 684	-14,5%	41 066 719

Shareholder Equity (I)

			31/12/2010		31/12/2009		31/12/2008
	Total shareholders' equity (Total I)	DL	15 704 614	12,5%	13 962 048	16,1%	12 022 697
	Equity and shareholders' equity	DA	160 000	0%	160 000	0%	160 000
	Issue and merger premiums	DB	0	0%	0	0%	0
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	16 000	0%	16 000	0%	16 000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	12 819 696	18,4%	10 829 867	18,5%	9 141 392
	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	1 743 053	-20,4%	2 189 828	14,7%	1 908 475
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	965 865	26,0%	766 352	-3,8%	796 830

Other capital resources (II)

			31/12/2010		31/12/2009		31/12/2008
	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)

			31/12/2010		31/12/2009		31/12/2008
	Total provisions for risks and charges (Total III)	DR	719 345	-26,2%	974 649	-13,1%	1 122 077
	Risk provisions	DP	221 905	-27,0%	303 935	-44,0%	543 183
	Reserves for charges	DQ	497 440	-25,8%	670 714	15,9%	578 894

Liabilities (IV)

			31/12/2010		31/12/2009		31/12/2008
	Total Liabilities (Total IV)	EC	21 611 650	7,3%	20 144 872	-27,7%	27 858 796
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1 335 858	44,1%	927 015	-70,2%	3 112 166
	Sundry loans and financial liabilities	DV	112 635	24,6%	90 417	-32,3%	133 546
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	13 583 959	-2,1%	13 876 892	-27,5%	19 141 575
	Tax and social security liabilities	DY	1 898 602	7,4%	1 767 429	-15,0%	2 079 574
	Fixed asset liabilities	DZ	10 354	0%	10 354	0%	10 354
	Other debts	EA	4 670 242	34,5%	3 472 766	2,7%	3 381 581

Translation loss (V)

		31/12/2010		31/12/2009		31/12/2008
Translation loss (Total V)	ED	9 150	-39,5%	15 116	-76,1%	63 149

Equalization accounts

		31/12/2010		31/12/2009		31/12/2008
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2010		31/12/2009		31/12/2008
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	1 335 858	0%	0	0%	882 866

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)

		31/12/2010		31/12/2009		31/12/2008
Operating result (Total I-II)	GG	3 315 765	-6,9%	3 563 345	-7,2%	3 839 530

2 - Financial result (V - VI)

		31/12/2010		31/12/2009		31/12/2008
Financial result (Total V-VI)	GV	-253 188	-95,7%	-129 360	60,5%	-327 742

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

		31/12/2010		31/12/2009		31/12/2008
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	3 062 577	-10,8%	3 433 985	-2,2%	3 511 788

4 - Extraordinary result (VII-VIII)

		31/12/2010		31/12/2009		31/12/2008
Extraordinary result (Total VII-VIII)	HI	-220 133	-6006,3%	-3 605	99,1%	-408 095

Profit or loss

		31/12/2010		31/12/2009		31/12/2008
Profit or loss	HN	1 743 053	-20,4%	2 189 828	14,7%	1 908 475

Total Income (I+III+V+VII)

		31/12/2010		31/12/2009		31/12/2008
Total Income (I+III+V+VII)	HL	69 586 112	7,9%	64 509 803	-8,7%	70 624 586

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

		31/12/2010		31/12/2009		31/12/2008
Total charges (Total II+IV+VI+VIII+IX+X)	HM	67 843 058	8,9%	62 319 975	-9,3%	68 716 111

Operating income (I)

		31/12/2010		31/12/2009		31/12/2008
Total operating income (Total I)	FR	69 199 156	7,9%	64 155 996	-8,3%	69 934 287

Operating income (details)

			31/12/2010		31/12/2009		31/12/2008
	Sale of goods for resale	FC	0	0%	0	0%	0
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	65 164 586	8,0%	60 347 012	-9,4%	66 635 008
	France	FD	33 458 399	5,1%	31 847 057	-13,4%	36 796 131
	Export	FE	31 706 187	11,2%	28 499 955	-4,5%	29 838 877
	Sale of services	FI	0	0%	12 502	0%	0
	France	FG	0	0%	12 502	0%	0
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	65 164 586	8,0%	60 359 514	-9,4%	66 635 008
	France	FJ	33 458 399	5,0%	31 859 559	-13,4%	36 796 131
	Export	FK	31 706 187	11,2%	28 499 955	-4,5%	29 838 877
	Stocked production	FM	991 569	218,5%	-836 434	-197,7%	855 724
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	5 625	65,4%	3 400	0%	0
	Release of reserves and provisions	FP	2 557 473	-20,5%	3 215 873	99,2%	1 614 544
	Other income	FQ	479 903	-66,1%	1 413 643	70,5%	829 011

Operating charges (II)

		31/12/2010		31/12/2009		31/12/2008
Total operating charges (Total II)	GF	65 883 391	8,7%	60 592 651	-8,3%	66 094 757

Exploitation charges

		31/12/2010		31/12/2009		31/12/2008
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	43 738 430	24,7%	35 062 786	-12,4%	40 034 465
Change in stocks of raw materials	FV	-1 379 026	-186,0%	1 602 934	174,4%	-2 153 618
Other external purchases and charges	FW	17 055 633	10,7%	15 401 794	-21,6%	19 645 029
Tax, duty and similar payments	FX	455 827	-6,6%	488 192	0,8%	484 498
Payroll	FY	2 855 995	3,6%	2 756 112	-0,8%	2 777 296
Social security costs	FZ	1 385 167	5,2%	1 316 822	2,1%	1 289 261

Depreciation

		31/12/2010		31/12/2009		31/12/2008
Depreciation of fixed assets	GA	308 465	7,6%	286 710	11,0%	258 328
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	1 082 754	-49,6%	2 147 491	-20,8%	2 712 681
Provisions for risks and charges	GD	188 684	-54,5%	414 296	-17,5%	502 378

Other charges

		31/12/2010		31/12/2009		31/12/2008
Other charges	GE	191 462	-82,8%	1 115 514	104,9%	544 439

Operating charges (III-IV)

		31/12/2010		31/12/2009		31/12/2008
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2010		31/12/2009		31/12/2008
	Total financial income (Total V)	GP	61 861	-52,6%	130 414	34,2%	97 150
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	13 859	4762,8%	285	-93,4%	4 350
	Released provisions and transferred charges	GM	1 703	-98,0%	85 069	607535,7%	14
	Exchange gains	GN	34 684	108,6%	16 630	-65,0%	47 453
	Net income from disposal of investment securities	GO	11 615	-59,1%	28 430	-37,3%	45 333

Financial Charge (VI)

			31/12/2010		31/12/2009		31/12/2008
	Total financial charge (Total VI)	GU	315 049	21,3%	259 774	-38,9%	424 892
	Financial reserves and provisions	GQ	99 860	5763,8%	1 703	-98,0%	85 069
	Interest and similar charges	GR	181 924	-19,8%	226 963	-31,1%	329 444
	Exchange losses	GS	33 265	6,9%	31 108	199,7%	10 379
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary income (Total VII)	HD	325 095	45,5%	223 392	-62,3%	593 149
	Extraordinary operating income	HA	322	-99,8%	163 027	0%	0
	Extraordinary income from capital transactions	HB	168 079	4209,7%	3 900	-99,3%	573 169
	Released provisions and transferred charges	HC	156 694	177,5%	56 464	182,6%	19 980

Extraordinary charges (VIII)

			31/12/2010		31/12/2009		31/12/2008
	Total extraordinary charges (Total VIII)	HH	545 228	140,2%	226 997	-77,3%	1 001 244
	Extraordinary operating charges	HE	111 772	-44,4%	201 011	360,5%	43 652
	Extraordinary charges from capital transactions	HF	168 079	0%	0	0%	573 169
	Extraordinary reserves and provisions	HG	265 377	921,2%	25 986	-93,2%	384 423

Employee profit sharing (IX)

		31/12/2010		31/12/2009		31/12/2008
Employee profit sharing (Total IX)	HJ	169 090	-9,6%	186 960	15,0%	162 514

Tax on profits (X)

		31/12/2010		31/12/2009		31/12/2008
Tax on profits (Total X)	HK	930 300	-11,7%	1 053 594	2,0%	1 032 705

References

		31/12/2010		31/12/2009		31/12/2008
Of which equipment leases	HP	0	0%	269 456	32,8%	202 948
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other 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)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	96 020	-52,3%	201 300	0%	0
	Decreasess by transfers	OK2	333 999	38,2%	241 743	-71,4%	845 217
	Gross value at the end of period	OL	5 319 396	0,2%	5 311 408	-6,3%	5 666 075

Research and development Charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	KD	95 447	1,0%	94 457	-0,2%	94 671
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	10 424	952,9%	990	-64,1%	2 758
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	2 595	0%	0	0%	2 973
	Gross value at the end of period	LW	103 276	8,2%	95 447	1,0%	94 456

Tangible fixed assets (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LN	4 184 722	-3,6%	4 339 079	5,9%	4 096 464
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	427 582	389,3%	87 384	-91,9%	1 084 859
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	331 404	37,1%	241 743	-71,3%	842 244
	Gross value at the end of period	NH	4 280 901	2,3%	4 184 720	-3,6%	4 339 079

Fiancial assets (Total IV)

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	LQ	1 031 240	-16,3%	1 232 541	31,6%	936 811
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	295 729
	Decreasess by budget item transfer	NJ1	96 020	-52,3%	201 300	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	935 220	-9,3%	1 031 241	-16,3%	1 232 540

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

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	PE	92 961	3,1%	90 161	-0,4%	90 546
Increases		PF	3 663	30,8%	2 800	8,2%	2 588
Decreasess		PG	2 594	0%	0	0%	2 973
	Decreasess by budget item transfer	PH	94 029	1,1%	92 961	3,1%	90 161

Total fixed assets amotisation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Reserve for depreciation value at begin of period	QU	2 881 594	1,5%	2 839 425	-0,4%	2 849 936
Increases		QV	304 802	7,4%	283 910	9,8%	258 563
Decreases		QW	163 325	-32,4%	241 743	-10,2%	269 075
	Decreasess by budget item transfer	QX	3 023 070	4,9%	2 881 592	1,5%	2 839 424

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2010		31/12/2009		31/12/2008
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2010		31/12/2009		31/12/2008
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7C	3 888 492	0%	0	0%	2 609 235
Increases		UB	1 636 674	0%	0	0%	3 681 726
Decreases		UC	2 715 870	0%	0	0%	1 634 538
	Value at the end of period	UD	2 809 296	0%	0	0%	4 656 423

Includes Total allocations

Operating	UE	265 376	0%	0	0%	0
Financial	UG	288 544	0%	0	0%	0
Exceptional	UJ	1 082 754	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	65 864	0%	0	0%	0
Financial	UH	543 849	0%	0	0%	0
Exceptional	UK	2 106 157	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	3Z	766 352	0%	0	0%	435 212
Increases		TS	265 376	0%	0	0%	381 598
Decreases		TT	65 864	0%	0	0%	19 980
	Value at the end of period	TU	965 864	0%	0	0%	796 830

Total risk and charge provisions (Total II)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	5Z	974 649	0%	0	0%	694 403
Increases		TV	288 544	0%	0	0%	587 447
Decreases		TW	543 849	0%	0	0%	159 773
	Value at the end of period	TX	719 344	0%	0	0%	1 122 077

Total Provision for depreciation (Total III)

			31/12/2010		31/12/2009		31/12/2008
	Value at begining of period	7B	2 147 491	0%	0	0%	1 479 620
Increases		TY	1 082 754	0%	0	0%	2 712 681
Decreases		TZ	2 106 157	0%	0	0%	1 454 785
	Value at the end of period	UA	1 124 088	0%	0	0%	2 737 516

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

		31/12/2010		31/12/2009		31/12/2008
Gross value	VT	21 967 084	-1,1%	22 214 628	-17,7%	26 994 840
1 year at most	VU	21 320 118	-0,7%	21 471 641	-17,6%	26 050 553
More than one year	VV	646 966	-12,9%	742 987	-21,3%	944 287

State of loans

		31/12/2010		31/12/2009		31/12/2008
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	648 826	-12,9%	744 847	-21,3%	946 147
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2010		31/12/2009		31/12/2008
Customers doubtful or disputed	VA	41 524	0%	41 524	62,4%	25 565
Other claims customer	UX	17 229 790	-5,9%	18 305 894	-19,9%	22 850 719
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	7 026	8,0%	6 505	8,7%	5 983
Social Security and other social organizations	UZ	0	0%	0	0%	793
Income taxes	VM	113 592	0%	0	0%	0
Value added tax	VB	1 391 137	75,1%	794 494	-45,0%	1 443 543
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	225 326	-48,5%	437 815	12,7%	388 332

Prepaid

		31/12/2010		31/12/2009		31/12/2008
Prepaid	VS	2 309 863	22,6%	1 883 549	41,2%	1 333 758

State Debt

			31/12/2010		31/12/2009		31/12/2008
	Total debt (gross)	VY	21 611 651	7,3%	20 144 873	-27,7%	27 858 796
1 year at most		VZ2	21 611 651	7,3%	20 144 873	-27,5%	27 779 070
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	79 726
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2010		31/12/2009		31/12/2008
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	1 335 858	44,1%	927 015	-70,2%	3 112 166
1 year at most		VG2	1 335 858	44,1%	927 015	-69,4%	3 032 440
More than 1 year and 5 years at most		VG3	0	0%	0	0%	79 726
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	675 084	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	13 583 959	-2,1%	13 876 892	-27,5%	19 141 575
1 year at most		8B2	13 583 959	-2,1%	13 876 892	-27,5%	19 141 575
More than 1 year and 5 years at most		8B3	13 583 959	-2,1%	13 876 892	-27,5%	19 141 575
	Personnel and associated accounts (gross)	8C1	667 293	0%	0	0%	657 077
1 year at most		8C2	667 293	-1,2%	675 084	2,7%	657 077
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	651 533	11,6%	584 039	0,6%	580 656
1 year at most		8D2	651 533	11,6%	584 039	0,6%	580 656
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	29 812	-81,7%	163 070
1 year at most		8E2	0	0%	29 812	-81,7%	163 070
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	355 702	26,5%	281 199	-40,0%	468 640
1 year at most		VW2	355 702	26,5%	281 199	-40,0%	468 640
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	197 295	0%	0
1 year at most		VX2	0	0%	197 295	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	224 075	0%	0	0%	210 131
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	10 354	0%	10 354	0%	10 354
1 year at most		8J2	10 354	0%	10 354	0%	10 354
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	112 635	24,6%	90 417	-32,3%	133 546
1 year at most		VI2	112 635	24,6%	90 417	-32,3%	133 546
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	4 670 242	34,5%	3 472 766	2,7%	3 381 581
1 year at most		8K2	4 670 242	34,5%	3 472 766	2,7%	3 381 581
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

		31/12/2010		31/12/2009		31/12/2008
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	79 726	0%	0	0%	107 021

Table allocation results and other information
Dividends distributed

		31/12/2010		31/12/2009		31/12/2008
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2010		31/12/2009		31/12/2008
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2010		31/12/2009		31/12/2008
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2010		31/12/2009		31/12/2008
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2010		31/12/2009		31/12/2008
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2010		31/12/2009		31/12/2008
Average number of employees	YP	0	0%	0	0%	0

Groups and Shareholders

		31/12/2010		31/12/2009		31/12/2008
Groups and Shareholders	ZR	0	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

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Fixed Asset Financing		3,69	3,7%	3,56	9,5%	3,25	1,27	190,6%
Global Debt		119 days	-0,8%	120 days	-20,5%	151 days	100 days	19,0%
Working Capital Fund overall net		79 days	-2,5%	81 days	17,4%	69 days	25 days	216,0%
Financial independence		1175,62%	-21,9%	1506,13%	289,9%	386,31%	205,15%	473,1%
More ratios
Solvability		41,28%	3,8%	39,78%	35,9%	29,28%	30,32%	36,1%
Capacity debt futures		1175,62%	34,9%	871,48%	131,4%	376,66%	865,18%	35,9%
Coverage of current assets by net working capital overall		41,36%	0,3%	41,24%	28,3%	32,14%	28,66%	44,3%
General Liquidity		0,99	-7,5%	1,07	13,8%	0,94	0,63	57,1%
Restricted Liquidity		1,08	-8,5%	1,18	19,2%	0,99	0,86	25,6%

Management or rotation

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Need background in operating working capital		62 days	8,8%	57 days	-3,4%	59 days	12 days	416,7%
Treasury		4 days	-69,2%	13 days	333,3%	3 days	7 days	-42,9%
Inventory turnover of goods		days	-	days	-	days	6 days	-
Average length of credit granted to customers		95 days	-12,8%	109 days	-12,1%	124 days	39 days	143,6%
Average length of credit obtained suppliers		82 days	-14,6%	96 days	-20,0%	120 days	54 days	51,9%
More ratios
Inventory turnover of raw materials in industrial enterprises		79 days	-6,0%	84 days	-4,5%	88 days	37 days	113,5%
Inventory turnover of intermediate and finished products in the industrial enterprise		1522 days	5,5%	1442 days	-6,1%	1536 days	390 days	290,3%
Rotation tangible assets		1522,22%	5,5%	1442,38%	-6,1%	1535,69%	368,43%	313,2%

Profitability of the business

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Margin trading		0%	0%	0%	0%	0	0,94%	0%
Profitability of the business		3,15	-34,4%	4,80	-40,9%	8,12	4,45%	-29,2%
Net profit		2,67%	-26,4%	3,63%	26,9%	2,86%	1,47%	81,6%
More ratios
Growth rate of turnover (excluding VAT)		7,96%	184,5%	-9,42%	-182,5%	11,42%	4,27%	86,4%
Rates integration		10,34%	-16,3%	12,35%	-17,4%	14,95%	25,57%	-59,6%
Rate leasing furniture		0%	0%	0,45%	50,0%	0,30%	0%	0%
Work Factor		62,91%	15,2%	54,63%	33,9%	40,81%	75,92%	-17,1%
Weight interests		0,48	11,6%	0,43%	-32,8%	0,64%	0,35%	37,1%

Return on capital

		31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Cash flow from the overall profitability		-0,46%	-111,1%	4,14%	4,5%	3,96%	3,67%	-112,5%
Rates of economic profitability		12%	-36,8%	19%	-45,7%	35%	17%	-29,4%
Financial profitability		15704614%	12,5%	13962048%	16,1%	12022697%	204217%	7590,2%
Return on investment		12%	-26,6%	16,35%	7,0%	15,28%	8,47%	41,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2010		31/12/2009		31/12/2008	Sector Median 2010
Turnover	65 164 586	8,0%	60 359 514	-9,4%	66 635 008	1 846 374 €	3429,3%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	22 776 €	0%
	0,00 % CA	0%	0,00 % CA	0%	0,00 % CA	1,57 % CA	0%

Sale of goods produced	65 164 586	8,0%	60 359 514	-9,4%	66 635 008
+/- Stocked production	991 569	218,5%	-836 434	-197,7%	855 724
+ Self-constructed assets	0	0%	0	0%	0
Period production	66 156 155 €	11,1%	59 523 080 €	-11,8%	67 490 732 €	688 421 €	9509,8%
	101,52 % CA	3,0%	98,61 % CA	-2,6%	101,28 % CA	97,73 % CA	3,9%

Trading margin	0	0%	0	0%	0	22 776	0%
+ Period Production	66 156 155	11,1%	59 523 080	-11,8%	67 490 732	688 421	9509,8%
- Purchase of raw materials	43 738 430	24,7%	35 062 786	-12,4%	40 034 465
+/- Change in stocks of raw materiels	-1 379 026	-186,0%	1 602 934	174,4%	-2 153 618
- Other external purchases and charges	17 055 633	10,7%	15 401 794	-21,6%	19 645 029
Added value	6 741 118 €	-9,6%	7 455 566 €	-25,2%	9 964 856 €	487 971 €	1281,5%
	10,34 % CA	-16,3%	12,35 % CA	-17,4%	14,95 % CA	25,57 % CA	-59,6%

Added value	6 741 118 €	-9,6%	7 455 566 €	-25,2%	9 964 856 €	487 971 €	1281,5%
+ Operating grants	5 625	65,4%	3 400	0%	0
- Tax, duty and similar payments	455 827	-6,6%	488 192	0,8%	484 498
- Personal charges	4 241 162	4,1%	4 072 934	0,2%	4 066 557
Gross operating surplus	2 049 754 €	-29,3%	2 897 840 €	-46,5%	5 413 801 €	54 173 €	3683,7%
	3,15 % CA	-34,4%	4,80 % CA	-40,9%	8,12 % CA	4,45 % CA	-29,2%

Gross operating surplus	2 049 754 €	-29,3%	2 897 840 €	-46,5%	5 413 801 €	54 173 €	3683,7%
+ Release of reserves and provisions	2 557 473	-20,5%	3 215 873	99,2%	1 614 544
+ Other operating income	479 903	-66,1%	1 413 643	70,5%	829 011
- Depreciation/Amortisation	1 579 903	-44,5%	2 848 497	-18,0%	3 473 387
- Other charges	191 462	-82,8%	1 115 514	104,9%	544 439
Operating result	3 315 765 €	-6,9%	3 563 345 €	-7,2%	3 839 530 €	26 189 €	12560,9%
	5,09 % CA	-13,7%	5,90 % CA	2,4%	5,76 % CA	2,18 % CA	133,5%

Operating result	3 315 765 €	-6,9%	3 563 345 €	-7,2%	3 839 530 €	26 189 €	12560,9%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	61 861	-52,6%	130 414	34,2%	97 150
- Financial charges	315 049	21,3%	259 774	-38,9%	424 892
Pre-tax result	3 062 577 €	-10,8%	3 433 985 €	-2,2%	3 511 788 €	21 215 €	14335,9%
	4,70 % CA	-17,4%	5,69 % CA	8,0%	5,27 % CA	1,96 % CA	139,8%

Extraordinary income	325 095	45,5%	223 392	-62,3%	593 149	4 270	7513,5%
- Extraordinary charges	545 228	140,2%	226 997	-77,3%	1 001 244
Extraordinary result	-220 133 €	-6006,3%	-3 605 €	99,1%	-408 095 €	0 €	0%
	-0,34 % CA	-3300%	-0,01 % CA	98,4%	-1 % CA	0 % CA	0%

Pre-tax result	3 062 577 €	-10,8%	3 433 985 €	-2,2%	3 511 788 €	21 215 €	14335,9%
Extraordinary result	-220 133 €	-6006,3%	-3 605 €	99,1%	-408 095 €	0 €	0%
- Employee profit sharing	169 090	-9,6%	186 960	15,0%	162 514
- Tax on profits	930 300	-11,7%	1 053 594	2,0%	1 032 705
Net result	1 743 054 €	-20,4%	2 189 826 €	14,7%	1 908 474 €	18 900 €	9122,5%
	2,67 % CA	-26,4%	3,63 % CA	26,9%	2,86 % CA	1,46 % CA	82,9%

Consolidated Accounts

Active Account |  Passive Account |  Account Results |  Consolidation

Synthesized Accounts

Annual Accounts	31/12/2006
Account period (month)	12
Account Type	Consolidated
Activity Code	1020Z

Active account

Annual Accounts	31/12/2006
Capital not called	0
Total fixed assets	2 514 203
- Intangible assets	2 486
- Tangible assets	1 702 771
- Financial assets	808 946
Net current assets	35 669 645
- Stocks	6 162 428
- Advanced payments	0
- Receivables	27 050 037
- Securities and cash	2 457 180
Accounts of regularization	0
Total Assets	38 183 848

Passive Account

Annual Accounts	31/12/2006
Shareholders' equity	10 004 184
Share capital	160 000
Other capital resources	0
Risk Provisions	690 141
Liabilities	27 277 250
- Financial liabilities	2 456 230
- Advanced payments received	261 461
- Trade account payables	20 856 664
- Tax and social liabilities	2 685 235
- Other debts and fixed assets liabilities	1 014 766
Account regularization	2 894
Total liabilities	38 183 848

Results

Annual Accounts	31/12/2006
Sales of Goods	65 952 132
Net turnover	64 144 591
- of which net export turnover	38 288 771
Operating charges	63 297 667
Operating profit/loss	2 654 465
Financial income	110 253
Financial charges	257 265
Financial profit/loss	-147 012
Pretax net operating income	2 507 453
Extraordinary income	61 141
Extraordinary charges	108 962
Extraordinary profit/loss	-47 821

Consolidation

Annual Accounts	31/12/2006
Net result before amortisation of goodwill	1 730 865
Goodwill amortisation allocation	0
Net result of equity affiliates companies	0
Net result of integrated companies	0
Group result (consolidated net result)	1 730 865
Share of minority interest (Result except group)	46 263
Net result - group share (part of parent company)	1 684 602

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2006
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2006
	Grand Total (I to VI)	Net	38 183 848
	Gross	CO	43 344 184
	Amortisation	1A	5 160 336

Capital subscribed not called (I)

		31/12/2006
Capital suscribed not called (I)	AA3	0

Active fixed asset (II)

			31/12/2006
	Total Active fixed asset (II)	Net	2 514 203
	Gross	BJ	6 132 121
	Amortisation	BK	3 617 918

Intangible fixed assets

			31/12/2006
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R&D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	0
	Gross	AF	2 973
	Amortisation	AG	2 973
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	2 486
	Gross	AJ	88 769
	Amortisation	AK	86 283
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0

Tangilble fixed assets

			31/12/2006
	Acquisition difference	Net	0
	Gross	A11	0
	Amortisation	A12	0
	Goodwill	Net	0
	Gross	A21	0
	Amortisation	A22	0
	Difference from the first consolidation	Net	0
	Gross	A31	0
	Amortisation	A32	0
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	141 393
	Gross	AP	1 036 435
	Amortisation	AQ	895 042
	Plant	Net	938 924
	Gross	AR	2 647 720
	Amortisation	AS	1 708 796
	Other tangible fixed assets	Net	622 454
	Gross	AT	1 547 278
	Amortisation	AU	924 824
	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

Financial assets

			31/12/2006
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	0
	Gross	CU	0
	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	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	808 946
	Gross	BH	808 946
	Amortisation	BI	0
	Other financial assets	Net	0
	Gross	A41	0
	Amortisation	A42	0

Current Assets (III)

			31/12/2006
	Total Assets	Net	35 669 645
	Gross	CJ	37 212 063
	Amortisation	CK	1 542 418

Stocks

			31/12/2006
	Raw materials	Net	4 164 434
	Gross	BL	5 292 545
	Amortisation	BM	1 128 111
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	1 634 922
	Gross	BR	1 830 394
	Amortisation	BS	195 472
	Goods for resale	Net	363 072
	Gross	BT	363 072
	Amortisation	BU	0

Advance payments to suppliers

			31/12/2006
	Advance payments to suppliers	Net	0
	Gross	BV	0
	Amortisation	BW	0

Debtors

			31/12/2006
	Trade accounts receivable	Net	24 701 270
	Gross	BX	24 920 105
	Amortisation	BY	218 835
	Other debtors	Net	1 979 243
	Gross	BZ	1 979 243
	Amortisation	CA	0
	Capital subscribed and called up	Net	11 940
	Gross	CB	11 940
	Amortisation	CC	0

Divers

			31/12/2006
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	2 457 180
	Gross	CF	2 457 180
	Amortisation	CG	0

Prepaid expenses

			31/12/2006
	Prepaid expenses	Net	357 584
	Gross	CH	357 584
	Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2006
Multi-period charges	CW3	0
Premiums on redemption of bonds	CM3	0
Currency differential gain	CN3	0

References

		31/12/2006
Due within one year	CP	0
Due after one year	CR	0

Financial assets

			31/12/2006
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	0
	Gross	CU	0
	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	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	808 946
	Gross	BH	808 946
	Amortisation	BI	0
	Other financial assets	Net	0
	Gross	A41	0
	Amortisation	A42	0

Current Assets (III)

			31/12/2006
	Total Assets	Net	35 669 645
	Gross	CJ	37 212 063
	Amortisation	CK	1 542 418

Stocks

			31/12/2006
	Raw materials	Net	4 164 434
	Gross	BL	5 292 545
	Amortisation	BM	1 128 111
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	1 634 922
	Gross	BR	1 830 394
	Amortisation	BS	195 472
	Goods for resale	Net	363 072
	Gross	BT	363 072
	Amortisation	BU	0

Advance payments to suppliers

			31/12/2006
	Advance payments to suppliers	Net	0
	Gross	BV	0
	Amortisation	BW	0

Debtors

			31/12/2006
	Trade accounts receivable	Net	24 701 270
	Gross	BX	24 920 105
	Amortisation	BY	218 835
	Other debtors	Net	1 979 243
	Gross	BZ	1 979 243
	Amortisation	CA	0
	Capital subscribed and called up	Net	11 940
	Gross	CB	11 940
	Amortisation	CC	0

Divers

			31/12/2006
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	2 457 180
	Gross	CF	2 457 180
	Amortisation	CG	0

Prepaid expenses

			31/12/2006
	Prepaid expenses	Net	357 584
	Gross	CH	357 584
	Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2006
Multi-period charges	CW3	0
Premiums on redemption of bonds	CM3	0
Currency differential gain	CN3	0

References

		31/12/2006
Due within one year	CP	0
Due after one year	CR	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)

		31/12/2006
Grand Total (I to IV)	EE	38 183 848

Shareholder Equity (I)

			31/12/2006
	Total shareholders' equity (Total I)	DL	10 004 184
	Equity and shareholders' equity	DA	160 000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	16 000
	Statutory or contractual reserve	DE	0
	Special regulated reserves	DF	0
	Other reserves	DG	8 143 582
	Profits or losses brought forward	DH	0
	Conversion differences	P1	0
	Net result - group part	P2	1 684 602
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

			31/12/2006
	Total other capital resources (Total II)	DO	0
	Income from participating securities	DM	0
	Conditional loans	DN	0
	Others	P3	0

Provisions for risks and charges (III)

			31/12/2006
	Total provisions for risks and charges (Total III)	DR	690 141
	Conversion differences	P4	0
	In reserves	P5	166 010
	In results	P6	46 263
	Total III	P7	212 273
	Delayed tax	P8	0
	Acquisition differences	P9	0
	Risk provisions	DP	0
	Reserves for charges	DQ	690 141

Liabilities (IV)

			31/12/2006
	Total Liabilities (Total IV)	EC	27 277 250
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	1 961 390
	Sundry loans and financial liabilities	DV	494 840
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	261 461
	Trade accounts payables	DX	20 856 664
	Tax and social security liabilities	DY	2 685 235
	Fixed asset liabilities	DZ	10 354
	Other debts	EA	1 004 412

Translation loss (V)

		31/12/2006
Translation loss (Total V)	ED	0

Equalization accounts

		31/12/2006
Deferred income	EB	2 894

References

		31/12/2006
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	0
Of which current bank facilities	EH	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2006
Operating result (Total I-II)	GG	2 654 465

2 - Financial result (V - VI)

		31/12/2006
Financial result (Total V-VI)	GV	-147 012

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

		31/12/2006
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2 507 453

4 - Extraordinary result (VII-VIII)

		31/12/2006
Extraordinary result (Total VII-VIII)	HI	-47 821

Consolidation

		31/12/2006
Delayed tax	R1	18 255
Net result before amortisation of acquisition differences	R2	1 730 865
Endowment to amortisation of acquisition differences	R3	0
Net result of companies set in equivalence	R4	0
Net result of integrated companies	R5	0
Group result (consolidated net result)	R6	1 730 865
Cross-reference : equipment leasing	R7	46 263
Cross-reference : property leasing	R8	1 684 602

Operating income (I)

		31/12/2006
Total operating income (Total I)	FR	65 952 132

Operating income (details)

			31/12/2006
	Sale of goods for resale	FC	27 901 000
	France	FA	4 858 563
	Export	FB	23 042 437
	Sale of goods produced	FF	36 243 591
	France	FD	20 997 257
	Export	FE	15 246 334
	Sale of services	FI	0
	France	FG	0
	Export	FH	0
	Net turnover	FL	64 144 591
	France	FJ	25 855 820
	Export	FK	38 288 771
	Stocked production	FM	22 831
	Self-constructed assets	FN	0
	Operating grants	FO	12 000
	Release of reserves and provisions	FP	1 459 257
	Other income	FQ	313 453

Operating charges (II)

		31/12/2006
Total operating charges (Total II)	GF	63 297 667

Exploitation charges

		31/12/2006
Purchase of goods for resale	FS	4 704 244
Change in stocks of goods for resale	FT	105 101
Purchase of raw materials	FU	25 765 016
Change in stocks of raw materials	FV	113 832
Other external purchases and charges	FW	25 487 535
Tax, duty and similar payments	FX	524 304
Payroll	FY	3 404 518
Social security costs	FZ	1 371 253

Depreciation

		31/12/2006
Depreciation of fixed assets	GA	1 804 864
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		31/12/2006
Other charges	GE	17 000

Operating charges (III-IV)

		31/12/2006
Share of joint-venture transferred to other partner(s) (Total III)	GH	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0

Financial income (V)

			31/12/2006
	Total financial income (Total V)	GP	110 253
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	32 815
	Other interest and similar income	GL	22 681
	Released provisions and transferred charges	GM	0
	Exchange gains	GN	14 771
	Net income from disposal of investment securities	GO	39 986

Financial Charge (VI)

			31/12/2006
	Total financial charge (Total VI)	GU	257 265
	Financial reserves and provisions	GQ	0
	Interest and similar charges	GR	242 406
	Exchange losses	GS	14 859
	Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

			31/12/2006
	Total extraordinary income (Total VII)	HD	61 141
	Extraordinary operating income	HA	61 141
	Extraordinary income from capital transactions	HB	0
	Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

			31/12/2006
	Total extraordinary charges (Total VIII)	HH	108 962
	Extraordinary operating charges	HE	17 232
	Extraordinary charges from capital transactions	HF	0
	Extraordinary reserves and provisions	HG	91 730

Employee profit sharing (IX)

		31/12/2006
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		31/12/2006
Tax on profits (Total X)	HK	710 512

References

		31/12/2006
Of which equipment leases	HP	0
Of which property leases	HQ	0

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

Structure and Liquidity

		31/12/2006
Fixed Asset Financing		2,73
Global Debt		153,09 days
Working Capital Fund overall net		59,69 days
Financial independence		510,06%
More ratios
Solvability		26,20%

Management or rotation

		31/12/2006
Need background in operating working capital		45,10 days
Treasury		13,79 days
Inventory turnover of goods		27,18 days
More ratios
Inventory turnover of raw materials in industrial enterprises		39,04 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days

Profitability of the business

		31/12/2006
Margin trading		27900992,50%
Profitability of the business		4,21
More ratios
Rates integration		12,46%
Rate leasing furniture		0%
Weight interests		0,40

Return on capital

		31/12/2006
Rates of economic profitability		21,70%

ADDITIONAL INFORMATION

Company details

Activity (APE)	Transformation et conservation de poisson, de crustacés et de mollusques (1020Z) (Processing and preserving of fish, crustaceans and molluscs (1020Z))
RCS Registration	RCS Strasbourg B 307 667 089	Share capital	160,000 Euros
Registration Court	Strasbourg (67)	Legal form	Public limited company with board of directors
Court Registry Number	76 B 00393	EUR VAT Number	FR10307667089
Incorporation Date		Formation Date	01/1976
Deregistration Date		Last account Date	31/12/2010
Nationality	France

Establishment details

Trade name	NUTRANA-LIESEL ESCARGOTS-LIESEL-ESCAL...
Activity (APE)	Transformation et conservation de poisson, de crustacés et de mollusques (1020Z)	Business Pages FT®
Postal Address	ESCAL ESCARGOT D'ALSACE NUTRANA-LIESEL ESCARGOTS-LIESEL-ESCAL. 6 RUE DE LA MINOTERIE BP 59 67017 STRASBOURG CEDEX	Trading Address	6 RUE DE LA MINOTERIE 67000 STRASBOURG
Telephone	03 88 60 05 56
Fax	03 88 60 78 50

Type	Head office (one site company)	Status	Economically active
Formation Date	08/1980	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	8	Area	99
City	STRASBOURG	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	> ESCAL ESCARGOT D'ALSACE <<<  - Transformation et conservation de poisson, de crustacés et de mollusques (1020Z)  in STRASBOURG  (67000)

Secondary establishments

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

Workforces

Workforce at address

50 to 99 employees

Company workforce

50 to 99 employees

Linkages

No Linkages information available for the company.

Event history

Recent publications in Gazettes

Publication date	Gazette Name	Description
31/08/2013	Bodacc B	Modification et mutation diverse
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1056 - 307 667 089 RCS Strasbourg. ESCAL ESCARGOTS D'ALSACE. Forme : SA. Administration : président du conseil d'administration, directeur général : TOURRES (Lois) ; directrice générale déléguée, administratrice : TOURRES (Babette) née HOFFMANN ; administratrice : RADKE (Constance) née TOURRES ; commissaires aux comptes titulaires : ZIMMER (Frédéric), IN EXTENSO AUDIT (SA) (SACAh) ; commissaires aux comptes suppléants : FRITZINGER (Fredy), LEVY (Michel). Activité : . Commentaires : modification survenue sur l'administration.
14/06/2013	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1008 - 307667089 RCS. ESCAL - ESCARGOTS D'ALSACE. Forme : S.A.. Adresse : 6, rue de la Minoterie 67100 Strasbourg. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
25/07/2012	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1351 - 307667089 RCS. ESCAL - ESCARGOTS D'ALSACE. Forme : S.A.. Adresse : 6, rue de la Minoterie 67100 Strasbourg. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
25/07/2012	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1350 - 307667089 RCS. ESCAL - ESCARGOTS D'ALSACE. Forme : S.A.. Adresse : 6, rue de la Minoterie 67100 Strasbourg. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
16/05/2010	Bodacc C	Comptes annuels et rapports
67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1188 - 307667089 RCS. ESCAL - ESCARGOTS D'ALSACE. Forme : S.A. Adresse : 6, rue de la Minoterie, 67100 Strasbourg. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
28/02/2007	Bodacc C	Avis de dépôt des comptes
1802 - RCS Strasbourg B 307 667 089. RC 76-B 393. ESCAL - ESCARGOTS D'ALSACE. Forme: S.A. Adresse du siège social: 6, rue de la Minoterie,67100 Strasbourg. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
10/12/2006	Bodacc B	Modifications et mutations diverses
1328 - RCS Strasbourg 307 667 089. RC 76-B 393. ESCAL ESCARGOTS D'ALSACE. Sigle : ESCAL. Forme : S.A. Capital : 160 000 euros. Nom commercial : Nutrana Liesel Escargots Liesel Escal Gelima. Adresse du siège social : 6 rue de la Minoterie,, 67100 Administration : ancien commissaire aux comptes titulaire : EURO AUDIT. Nouveaux commissaires aux comptes titulaires : STIRNWEISS (Bernard) et PFAUWADEL (Claude). Ancien commissaire aux comptes suppléant : MERRAN (Richard). Nouveaux commissaires aux comptes suppléants : FINCK (Jacques) et MULLER (Michel). Date d'effet : 19 août 2006.
18/04/2006	Bodacc C	Avis de dépôt des comptes
1488 - RCS Strasbourg B 307 667 089. RC 76-B 393. ESCAL ESCARGOTS D'ALSACE. Forme: S.A.. Adresse du siège social: 6, rue de la Minoterie67100 Strasbourg. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
16/03/2005	Bodacc C	Avis de dépôt des comptes
2042 - RCS Strasbourg B 307 667 089. RC 76-B 393. ESCAL ESCARGOTS D'ALSACE. Forme: S.A.. Adresse du siège social: 6, rue de la Minoterie67100 Strasbourg. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
13/02/2003	Bodacc B	Modifications et mutations diverses
RCS Strasbourg 307667089 RC 76-B 393 ESCAL-ESCARGOTS D'ALSACE. Sigle : ESCAL. Forme : S.A. Capital : 160 000 euros Nom commercial: Nutraba, Liesel Escargots Liesel Escal, Gelima. Adresse du siège social : 6 rue de la Minoterie, 67100 Strasbourg. Commentaires : modification survenue sur le nom commercial ( adjonction). Date d'effet : 1 e r janvier 2002.
26/12/2000	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Strasbourg B 307667089 RC 76-B 393 ESCAL-ESCARGOTS D'ALSACE. Sigle : ESCAL. Forme : S.A. Capital : 1 000 000 de F. Adresse : 6 rue de la Minoterie, 67100 Strasbourg Nouvelle situation du siège social. Capital : 160 000 euros. Administration : nouveau commissaire aux comptes suppléant : MERRAND (Richard), ancien commissaire aux comptes titulaire. Nouveau commissaire aux comptes titulaire : EURO AUDIT. Ancien commissaire aux comptes suppléant : BINGLER (Pierre). Date d'effet : 26 juin 2000.
04/06/1998	Bodacc B	Modifications et mutations diverses
RCS Strasbourg B 307 667 089 RC 76-B 393 ESCAL - ESCARGOTS D'ALSACE. Sigle : ESCAL. Forme : S.A. Capital : 1 000 000 de F (fixe). Adresse du siège social : 6 rue de la Minoterie, 67100 Strasbourg. Administration : ancien président du conseil d'administration : TOURRES ( Didier) nouveau président du conseil d'administration : Mme TOURRES (Lois), déjà administrateur Nouvel administrateur : Mme RADKE, née TOURRES (Constance). Date d'effet : 3 novembre 1997.
08/04/1997	Bodacc B	Modifications et mutations diverses
RCS Strasbourg B 307 667 089 RC 76-B 393 ESCAL - ESCARGOTS D'ALSACE. Sigle : ESCAL. Forme : S.A. Capital : 1 000 000 de F (fixe). Adresse du siège social : 6 rue de la Minoterie, 67100 Strasbourg. Administration : ancien administrateur : Mme RADKE, née TOURRES (Constance) nouvel administrateur : TOURRES (Lois). Date d'effet : 23 janvier 1995.
20/09/1996	Bodacc B	Modifications et mutations diverses
RCS Strasbourg B 307667089 RC 76-B 393 ESCAL ESCARGOTS D'ALSACE. Forme : S.A. Capital : 1 000 000 F (fixe). Adresse du siège social : 6, rue de la Minoterie 67100 Strasbourg. Commentaires : cession de la branche d'activité de logistique pour les produits frais et congelés à la S.A.R.L. Coldis, 6, rue de la Minoterie, 67100 Strasbourg. Date d'effet : 1 e r mars 1996.

Company events history

Date	Description
14/10/2013	Update Rating
14/10/2013	Update Limit
31/08/2013	Bodacc B: Various editing or changing
14/06/2013	Bodacc C : Deposit accounts notice
25/07/2012	Bodacc C : Deposit accounts notice
10/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
17/08/2011	Bodacc C : Deposit accounts notice
02/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
16/05/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2006	New consolidated accounts available
13/11/2006	Minutes of general meeting of shareholders
13/11/2006	Appointment/resignation of company officers
13/11/2006	Private document
13/11/2006	New auditor
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
06/10/2003	Acte modificatif
06/10/2003	PV d'Assemblée
06/10/2003	Statuts mis à jour
06/10/2003	Acte sous seing privé
03/11/2000	PV d'Assemblée
03/11/2000	Statuts mis à jour
03/11/2000	Nomination/démission des organes de gestion
03/11/2000	Augmentation de Capital
03/11/2000	Conversion du Capital Social en Euros
03/11/2000	Acte sous seing privé
03/11/2000	Changement de Commissaire aux Comptes
26/03/1998	PV du Conseil d'Administration
26/03/1998	Changement de Président (PDG, PCA)
26/03/1998	Acte sous seing privé
26/03/1998	Modification du Conseil d'Administration
26/03/1998	Nomination/démission des organes de gestion
26/03/1998	PV d'Assemblée
07/02/1997	PV d'Assemblée
07/02/1997	Nomination/démission des organes de gestion
07/02/1997	Modification du Conseil d'Administration
07/02/1997	Acte sous seing privé

Establishment events history

Date	Description
16/11/2013	Update Rating
24/07/2013	Update Rating
06/05/2013	Update Rating
20/02/2013	Update Rating
20/02/2013	Update Limit
23/09/2012	Update Rating
10/07/2012	Update Limit
10/07/2012	Update Rating
31/01/2012	Update Rating
20/11/2011	Update Rating
12/09/2011	Update Rating
21/10/2010	Update Limit
25/09/2010	Update Rating
07/06/2010	Update Limit
07/06/2010	Update Rating
29/12/2009	Update Rating
19/01/2009	Update Limit
27/09/2008	Update Rating
13/01/2008	Update Limit
21/12/2007	Update Rating
21/12/2007	Update Limit
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 15,704,614 €
	The liabilities are 21,611,650 €
	The net current assets are 35,842,461 €
	The net turnover is 65,164,586 €
	The pre-tax profit is 2,673,353 €
	The risk provisions are 719,345 €
	The total assets are 38,044,760 €
	The company has 3 directors
	Industry code with low risk rating
	Department code with low risk rating
	The ratio total assets to total liabilities is 1,7
	The creditor days are 76.09
	The return on total assets employed is 7,03
	The deviation of tangible fixed assets over the last two accounting periods is 96.52 %
	The deviation in the gearing percentage over the last two accounting periods is 96.75 %
	High risk workforce size
	The sales to current assets ratio is 1,82
	The stock to turnover ratio is 19.16

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.13
UK Pound	1	Rs.101.53
Euro	1	Rs.85.41

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.