MIRA INFORM REPORT

Report Date :

28.01.2013

IDENTIFICATION DETAILS

Name :	TOTAL PETROCHEMICALS & REFINING SA NV
Registered Office :	Rue de l'Industrie 52 Bruxelles, 1040
Country :	Belgium
Financials (as on) :	31.12.2011
Year of Incorporation :	1920
Com. Reg. No.:	403079441
Legal Form :	Private Subsidiary
Line of Business :	Holding company with interests in the production of petrochemicals
No. of Employees :	566

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 :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
Belgium	A1	A1

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

BELGIUM - ECONOMIC OVERVIEW

This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7% from 8.3% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian arm of a Franco-Belgian bank. An ageing population and rising social expenditures are mid- to long-term challenges to public finances.

Source : CIA

Top of Form

Company name and address Bottom of Form

Top of Form

Total Petrochemicals & Refining Sa/Nv

Rue de l'Industrie 52
Bruxelles, 1040
Belgium
Tel:	02 288 91 11
Fax:	02 288 36 10
www.totalpetrochemicals.com

Employees:	566
Company Type:	Private Subsidiary
Corporate Family:	556 Companies
Ultimate Parent:	TOTAL S.A.
Incorporation Date:	1920

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2011
Reporting Currency:	Euro
Annual Sales:	36,657.9 ^1
Total Assets:	18,989.9

Business Description

Holding company with interests in the production of petrochemicals

Industry

Industry	Miscellaneous Financial Services
ANZSIC 2006:	6240 - Financial Asset Investing
NACE 2002:	7415 - Management activities of holding companies
NAICS 2002:	551112 - Offices of Other Holding Companies
UK SIC 2003:	7415 - Management activities of holding companies
UK SIC 2007:	642 - Activities of holding companies
US SIC 1987:	6719 - Offices of Holding Companies, Not Elsewhere Classified

Key Executives

Name	Title
Patrick Pouyanne	Chairman/Managing Director
Michel Benezit	Administrator
Michel Julien Rosa Marcel Simon De Saive	Representative/Auditor
Xavier Bontemps	Agent
Nathalie Brunelle	Agent

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327

Corporate Overview

Location
Rue de l'Industrie 52
Bruxelles, 1040
Belgium

Tel:	02 288 91 11
Fax:	02 288 36 10

www.totalpetrochemicals.com

Sales EUR(mil):	26,364.0
Assets EUR(mil):	14,628.5
Employees:	566
Fiscal Year End:	31-Dec-2011

Industry:

Miscellaneous Financial Services

Incorporation Date:	1920
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Previous Name:	PetroFina SA/NV
Registered No.(VAT):	403079441

Chairman/Managing Director:

Patrick Pouyanne

Industry Codes

ANZSIC 2006 Codes:
6240	-	Financial Asset Investing
1821	-	Synthetic Resin and Synthetic Rubber Manufacturing

NACE 2002 Codes:
7415	-	Management activities of holding companies
2416	-	Manufacture of plastics in primary forms

NAICS 2002 Codes:
551112	-	Offices of Other Holding Companies
325211	-	Plastics Material and Resin Manufacturing

US SIC 1987:
6719	-	Offices of Holding Companies, Not Elsewhere Classified
2821	-	Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers

UK SIC 2003:
7415	-	Management activities of holding companies
2416	-	Manufacture of plastics in primary forms

UK SIC 2007:
642	-	Activities of holding companies
2016	-	Manufacture of plastics in primary forms

Business Description

Manufacture of refined petroleum products

More Business Descriptions

Holding company with interests in the production of petrochemicals

Financial Data

Financials in:	EUR(mil)
Revenue:	26,364.0
Assets:	14,628.5
Current Assets:	3,473.6
Fixed Assets:	11,154.9
Total Liabilities:	14,628.5
Issued Capital:	1,087.9
Net Worth:	1,793.7
Date of Financial Data:	31-Dec-2011

1 Year Growth

-39.0%

NA

Subsidiaries

Company	Percentage Owned	Country
Total Belgium SA/NV	99.6%	BELGIUM
Total Petrochemicals Feluy SA/NV	100%	BELGIUM
Total Raffinaderij Antwerpen SA/NV	100%	BELGIUM
Total Petrochemicals Antwerpen SA/NV	100%	BELGIUM
Fina Exploitation M'Bridge	100%	NETHERLANDS
Fina Exploration Min Hai BV	100%	NETHERLANDS
Total International BV	100%	NETHERLANDS
Sigma Holding Group II	100%	NETHERLANDS
Etmofina SA/NV	100%	BELGIUM
Total Pensions Belgium SA/NV	100%	BELGIUM
Total Petrochemicals Ecaussinnes SA/NV	100%	BELGIUM
Copartal SA/NV	100%	BELGIUM
Feluy Immobati SA/NV	99.99%	BELGIUM
Total Petrochemicals Development Feluy S SA/NV	99.88%	BELGIUM
Futerro SA/NV	67.3%	BELGIUM
Rapl België SA/NV	66.66%	BELGIUM
Fina Antwerp Olefins SA/NV	65%	BELGIUM
Aristea SA/NV	51%	BELGIUM
Total Petrochemicals Development Feluy SA/NV	100%	BELGIUM
Petrofina International Group SA/NV	100%	BELGIUM

Corporate Structure News

Total Petrochemicals & Refining Sa/Nv
Total Corporate Family Members: 556

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
TOTAL S.A.	Parent	Courbevoie	France	Oil and Gas Operations	231,580.1	96,104
TOTAL DENMARK A/S	Subsidiary	Copenhagen	Denmark	Oil and Gas Operations		145,000
Total Direction Generale Gaz & Electricite	Subsidiary	Paris	France	Electric Utilities		15,000
Total Raffinage Marketing SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	60,236.6	8,387
Total Lubrifiants SA	Subsidiary	Nanterre cedex	France	Oil and Gas Operations	3,099.9	793
Total Fina Elf India Limited	Branch	Mumbai, Maharashtra	India	Oil and Gas Operations		60
Petrole Et Synthese	Subsidiary	St Manvieu Norrey	France	Chemical Manufacturing	6.4	34
Petronaphte	Subsidiary	Puteaux	France	Chemical Manufacturing	6.8	14
Alvéa SNC	Subsidiary	Montpouillan	France	Miscellaneous Capital Goods	1,090.8	749
Totalgaz SNC	Subsidiary	Puteaux	France	Oil and Gas Operations	1,623.9	620
TOTALGAZ Argentina S.A.	Subsidiary	Vicente López	Argentina	Nonclassifiable Industries		400
Stodis	Subsidiary	Villeurbanne	France	Retail (Specialty)	50.1	149
Stogaz	Subsidiary	Macon	France	Miscellaneous Transportation	9.7	74
Compagnie Pétrolière de l'Ouest SAS	Subsidiary	Nantes	France	Oil and Gas Operations	774.1	429
Compagnie Pétrolière de l'Est SNC	Subsidiary	Nancy	France	Oil and Gas Operations	881.7	374
DCA Mory Shipp SNC	Subsidiary	Loos	France	Oil and Gas Operations	780.2	374
Charvet SAS	Subsidiary	Villars	France	Retail (Specialty)	705.7	374
Combustibles de l'Ouest SAS	Subsidiary	Vern sur Seiche	France	Oil and Gas Operations	612.9	398
Caldeo SAS	Subsidiary	Saint Jean de Braye	France	Miscellaneous Capital Goods	653.7	374
La Mure Bianco SAS	Subsidiary	Villeurbanne	France	Oil and Gas Operations	586.5	374
Sa Lubrifiants Chabas	Subsidiary	Plan D Orgon	France	Oil and Gas Operations	7.9	7
Total Vostok Ooo	Subsidiary	Moscow	Russian Federation	Oil and Gas Operations	62.7	316
AS 24 SAS	Subsidiary	Saint Herblain	France	Oil and Gas Operations	3,372.5	77
As 24 Polska Sp Z O O	Subsidiary	Warszawa	Poland	Oil and Gas Operations	113.9	60
AS24 TANKSERVICE GMBH	Subsidiary	Berlin, Berlin	Germany	Retail (Specialty)	186.7	20
As24 Tankservice Hungaria Korlatolt Felelossegu Tarsasag	Subsidiary	Budaors	Hungary	Retail (Specialty)	15.9	9
As 24 Ceska Republika S.R.O.	Subsidiary	Praha 8	Czech Republic	Retail (Specialty)	47.6	8
As 24 Italia SRL	Subsidiary	Rho, Milano	Italy	Business Services	32.7	6
Total Lubrifiants Service Automobile	Subsidiary	Courbevoie	France	Oil and Gas Operations	160.4	74
Lescot	Subsidiary	Vaires Sur Marne	France	Personal and Household Products	36.4	74
Normanplast	Subsidiary	Gonfreville L Orcher	France	Fabricated Plastic and Rubber	24.9	74
TOTAL CESK� REPUBLIKA s.r.o.	Subsidiary	Praha	Czech Republic	Oil and Gas Operations	301.4	57
Urbaine des Pétroles SAS	Subsidiary	Rueil Malmaison	France	Oil and Gas Operations	1,635.3	47
Combustible de L'Ouest S.A.	Subsidiary	Vern-sur-Seiche	France	Oil and Gas Operations	350.0	40
Egedis SAS	Subsidiary	Saint Martin d'Heres	France	Oil and Gas Operations	3,038.3	34
Produits Pétroliers STELA SAS	Subsidiary	Albi	France	Oil and Gas Operations	1,320.6	33
Total Corse	Subsidiary	Bastia	France	Oil and Gas Operations	143.8	14
Societe Bretonne Davitaillement Et De Distribution	Subsidiary	Douarnenez	France	Oil and Gas Operations	141.6	14
Total Fluides SA	Subsidiary	Puteaux	France	Oil and Gas Operations	868.0	9
Total Romania Srl	Subsidiary	Cristian	Romania	Oil and Gas Operations	25.3	1
Total Philippines Corporation	Subsidiary	Metro Manila	Philippines	Oil and Gas Operations	597.9
Centre Management Transactions Monetiques	Subsidiary	Puteaux	France	Investment Services	268.5
Depot Petrol Portes-Les-Valence Dppv	Subsidiary	Nanterre	France	Miscellaneous Transportation	5.0
Soc Pipe Line Raffi Lorraine	Subsidiary	Paris	France	Miscellaneous Transportation	4.6
SunPower Corporation	Subsidiary	San Jose, CA	United States	Semiconductors	2,312.5	5,220
WoongjinEnergy	Joint Venture	Daejeon	Korea, Republic of	Semiconductors	282.9	585
Tenesol	Subsidiary	La Tour De Salvagny	France	Miscellaneous Financial Services	259.5	224
Tenesol De México, S.A. De C.V.	Subsidiary	Santa Catarina, Nuevo Leon	Mexico	Construction Services	0.9	2
Sunpower Energy Systems Spain S.L	Subsidiary	Madrid	Spain	Electric Utilities	104.1	90
SunPower Corp. Systems	Subsidiary	Richmond, CA	United States	Electric Utilities		85
SunPower Corporation	Subsidiary	Belmont, WA	Australia	Construction Services	3.3	29
Sunpower Systems Sàrl	Subsidiary	Geneva	Switzerland	Construction - Supplies and Fixtures		20
SunPower Italia S.r.l.	Subsidiary	Ravenna	Italy	Electric Utilities	364.9	80
Sunpower GmbH	Subsidiary	Frankfurt Am Main, Hessen	Germany	Miscellaneous Capital Goods	239.7	45
Sunpower Corporation Australia Pyt Ltd	Subsidiary	Belmont	Australia	Miscellaneous Capital Goods
SunPower Corporation-East Coast Regional Office	Branch	Trenton, NJ	United States	Electric Utilities		20
SunPower Energy Systems-Korea	Subsidiary	Seoul	Korea, Republic of	Electric Utilities		12
Sun Power Corp	Branch	Roseville, CA	United States	Construction - Supplies and Fixtures	1.8	7
Sun Power Corp	Branch	Irvine, CA	United States	Construction - Supplies and Fixtures	1.8	7
Sun Power Corp	Branch	Waikoloa, HI	United States	Scientific and Technical Instruments	2.0	5
Sun Power Corp	Branch	Richmond, CA	United States	Construction Services	1.0	5
Sunray Renewable Energy Limited	Subsidiary	Ta'xibiex	Malta	Electric Utilities		3
Total Deutschland GmbH	Subsidiary	Berlin, Berlin	Germany	Oil and Gas Operations	11,125.8	5,000
TOTAL Mineraloel GmbH	Subsidiary	Duisburg, Nordrhein-Westfalen	Germany	Retail (Specialty)	1,266.6	250
TD Autoservice GmbH	Subsidiary	Berlin, Berlin	Germany	Retail (Specialty)		210
TOTAL Bitumen Deutschland GmbH	Subsidiary	Brunsbüttel	Germany	Consumer Financial Services		108
Hutchinson Aerospace GmbH	Subsidiary	Hamburg, Hamburg	Germany	Aerospace and Defense		67
OLUTEX Oberlausitzer Luftfahrttextilien GmbH	Subsidiary	Seifhennersdorf, Sachsen	Germany	Personal and Household Products		204
KTN Kunststofftechnik Nobitz GmbH	Subsidiary	Nobitz, Thüringen	Germany	Fabricated Plastic and Rubber		152
Hutchinson Aeroservices	Subsidiary	Blagnac	France	Aerospace and Defense	8.2
Mineralölwerk Osnabrück GmbH	Subsidiary	Osnabrück, Niedersachsen	Germany	Oil and Gas Operations		30
Total (China) Investment Ltd.	Subsidiary	Beijing, Beijing	China	Oil and Gas Operations	8.8	4,300
TOTAL Mineraloel und Chemie GmbH	Subsidiary	Berlin, Berlin	Germany	Commercial Banks	20,506.4	3,700
Total Raffinerie Mitteldeutschland GmbH	Subsidiary	Leuna, Sachsen-Anhalt	Germany	Oil and Gas Operations		620
Mineralölverbundleitung GmbH	Subsidiary	Schwedt/Oder, Brandenburg	Germany	Construction Services	25.6	64
A.J.Lenzen Mineralölhandelsgesellschaft mit beschränkter Haftung	Subsidiary	Berlin, Berlin	Germany	Oil and Gas Operations		38
Argedis	Subsidiary	Nanterre	France	Retail (Specialty)	388.0	3,499
Total Raffinage Distribution S.A.	Subsidiary	Puteaux	France	Oil and Gas Operations		3,000
Total E&P Indonésie SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	3,893.0	2,130
TOTAL E & P Mauritanie	Subsidiary	Courbevoie	France	Oil Well Services and Equipment		2,000
Total Petrochemicals France SA	Subsidiary	Courbevoie	France	Chemicals - Plastics and Rubber	5,843.5	1,944
Total - CSTJF	Subsidiary	Pau	France	Oil Well Services and Equipment		1,600
Total Transport Maritime	Subsidiary	Paris	France	Water Transportation		1,000
Gpn	Subsidiary	Courbevoie	France	Chemical Manufacturing	676.3	914
Total Austral SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	568.6	906
Total Austral S.A. Sucursal Argentina	Branch	Ciudad De Buenos Aires	Argentina	Oil Well Services and Equipment	498.0	496
Central Puerto SA	Subsidiary	Buenos Aires	Argentina	Electric Utilities	462.0	265
Total Gas Y Electricidad Argentina S.A.	Subsidiary	Ciudad De Buenos Aires, Ciudad De Buenos Aires	Argentina	Oil and Gas Operations	71.8
Gasoducto Gasandes Argentina S.A.	Subsidiary	Buenos Aires	Argentina	Natural Gas Utilities
Hutchinson Argentina S.A.	Subsidiary	Martinez, Buenos Aires	Argentina	Fabricated Plastic and Rubber	17.9
GPN SA	Subsidiary	Paris La Défense 2	France	Chemical Manufacturing		900
Rosier Nederland BV	Subsidiary	Sas van Gent	Netherlands	Chemical Manufacturing	265.2	110
Sobelagro	Subsidiary	Clevilliers	France	Chemical Manufacturing	7.3	4
G.P.N. S.A.	Subsidiary	Courbevoie	France	Chemical Manufacturing	660.7	800
G.P.N. S.A. - Grand-Quevilly Plant	Facility	Grand Quevilly	France	Chemical Manufacturing
TOTAL Yemen LNG Company Ltd.	Subsidiary	Sana'a	Yemen	Oil Well Services and Equipment		700
Total Belgium	Subsidiary	Bruxelles	Belgium	Oil Well Services and Equipment	11,309.3	681
Belmos	Subsidiary	Bruxelles	Belgium	Retail (Specialty)	71.1	238
Motorway Service	Subsidiary	Bruxelles	Belgium	Retail (Specialty)	47.8	209
Servauto Belgie - Luxemburg - Servauto Belgique - Luxembourg	Subsidiary	Nivelles	Belgium	Retail (Specialty)	41.9	164
Autopneu Service	Subsidiary	Bruxelles	Belgium	Retail (Specialty)	3.8	98
Waters	Subsidiary	Zellik	Belgium	Personal and Household Products	27.7	55
Wirtgen Belgium	Subsidiary	Ruisbroek (Antw.)	Belgium	Construction and Agriculture Machinery	39.9	26
De Smet En Van Diest	Subsidiary	Antwerpen	Belgium	Oil and Gas Operations	64.6	11
C.D.M. Motors Waterloo	Subsidiary	Waterloo	Belgium	Retail (Specialty)	6.5	11
Proxi Fuel	Subsidiary	Bruxelles	Belgium	Oil and Gas Operations	15.0	9
Caspian Tradition	Subsidiary	Waterloo	Belgium	Retail (Grocery)	0.0	8
Plastica	Subsidiary	Gilly	Belgium	Retail (Specialty)	1.9	5
Societe De Negoce Et De Distribution	Subsidiary	Sougne-Remouchamps	Belgium	Crops	9.8	2
Belgische Bunkerolie Maatschappij	Subsidiary	Zeebrugge	Belgium	Oil and Gas Operations	1.7
Maison Vanderhaegen	Subsidiary	Wodecq	Belgium	Fish and Livestock	0.0
Fina Antwerp Olefins	Subsidiary	Antwerpen	Belgium	Oil and Gas Operations	364.2	653
Total Gas & Power North Europe S.A.	Subsidiary	Brussels	Belgium	Oil and Gas Operations	15,000.0	600
TOTAL Finance USA, Inc.	Subsidiary	King of Prussia, PA	United States	Investment Services		600
TOTAL PORT ARTHUR REFINERY	Subsidiary	Port Arthur, TX	United States	Oil and Gas Operations		570
Total Petrochemicals & Refining Sa/Nv	Subsidiary	Bruxelles	Belgium	Miscellaneous Financial Services	36,657.9	566
Total Raffinaderij Antwerpen	Subsidiary	Antwerpen	Belgium	Oil and Gas Operations	647.7	1,101
Total Petrochemicals Antwerpen	Subsidiary	Antwerpen	Belgium	Chemicals - Plastics and Rubber	139.5	650
Total Petrochemicals Feluy	Subsidiary	Feluy	Belgium	Chemicals - Plastics and Rubber	70.0	473
Vlimex	Subsidiary	Harelbeke	Belgium	Construction - Raw Materials	0.0	6
Total Research & Technology Feluy	Subsidiary	Feluy	Belgium	Biotechnology and Drugs	146.1	457
Total Finance Global Services	Subsidiary	Bruxelles	Belgium	Business Services	0.0	25
Immobiliere Publique De Peruwelz-Leuze-Frasnes	Subsidiary	Peruwelz	Belgium	Real Estate Operations	3.0	13
Demobel	Subsidiary	Bruxelles	Belgium	Business Services	0.0	9
Viavorm	Subsidiary	Viane	Belgium	Miscellaneous Fabricated Products	0.0	8
Raeven Moteurs	Subsidiary	Ans	Belgium	Retail (Specialty)	0.8	3
N.V.A.	Subsidiary	Overijse	Belgium	Business Services	1.1	2
Groupe Pierre-Henry Belgique	Subsidiary	Bievre	Belgium	Investment Services	0.0	1
Collin-Lucy	Subsidiary	Bievre	Belgium	Construction Services	10.6	12
Bievre Chauffage	Subsidiary	Virton	Belgium	Construction - Raw Materials	0.0
Berghaus	Subsidiary	Genk	Belgium	Retail (Apparel)	0.0
Berghaus Confectie	Subsidiary	Genk	Belgium	Apparel and Accessories	0.0
Total Petrochemicals Ecaussinnes	Subsidiary	Feluy	Belgium	Oil and Gas Operations	58.6
Pipeline Rotterdam Anvers-Belgique- Rotterdam Antw. Pijpleiding-Belgie	Subsidiary	Antwerpen	Belgium	Oil Well Services and Equipment	18.4
Total Petrochemicals Elastomers	Subsidiary	Bruxelles	Belgium	Chemical Manufacturing	0.0
Total Petrochemicals Feluy Sa	Subsidiary	Seneffe, Hainaut	Belgium	Business Services	70.0	452
Atofina Polymers Antwerpen	Subsidiary	Antwerpen	Belgium	Chemical Manufacturing	0.0
Total Lindsay Oil Refinary Limited	Subsidiary	Immingham	United Kingdom	Oil and Gas Operations	59.6	526
Total Austral S.A.	Subsidiary	Ciudad De Buenos Aires, Ciudad De Buenos Aires	Argentina	Metal Mining	310.7	500
Total E&P Syrie SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	420.4	474
Total Gas & Power Ltd.	Subsidiary	London	United Kingdom	Electric Utilities	23,799.9	469
Elf Business Energy	Subsidiary	Redhill	United Kingdom	Natural Gas Utilities		100
Total Gas Marketing Ltd.	Subsidiary	London	United Kingdom	Natural Gas Utilities
Elf Business Energy	Subsidiary	Leeds	United Kingdom	Natural Gas Utilities
Total Nigeria PLC	Subsidiary	Victoria Island	Nigeria	Retail (Specialty)	1,030.6	469
TOTAL Raffinaderij Nederland NV	Subsidiary	Vlissingen	Netherlands	Oil and Gas Operations		400
Total Kenya Limited	Subsidiary	Nairobi	Kenya	Retail (Specialty)	1,042.4	391
Hutchinson SA	Subsidiary	Paris	France	Fabricated Plastic and Rubber	3,172.3	371
Hutchinson GmbH	Subsidiary	Mannheim, Baden-Württemberg	Germany	Fabricated Plastic and Rubber	3,972.4	27,474
Hutchinson SNC	Subsidiary	Paris	France	Fabricated Plastic and Rubber	659.7	2,949
Hutchinson Seal De México, S.A. De C.V.	Subsidiary	Ensenada, Baja California	Mexico	Fabricated Plastic and Rubber	0.6
Paulstra SNC	Subsidiary	Paris	France	Fabricated Plastic and Rubber	441.6	2,171
Le Joint Français SNC	Subsidiary	Paris	France	Chemical Manufacturing	340.9	1,532
Deutsche Hutchinson GmbH	Subsidiary	Mannheim	Germany	Aerospace and Defense	544.0	1,340
Hutchinson Snc	Subsidiary	Chalette Sur Loing, Loiret	France	Electronic Instruments and Controls		1,100
Hutchinson Autopartes México, S.A. De C.V.	Subsidiary	Cortazar, Guanajuato	Mexico	Chemical Manufacturing	128.1	900
Hutchinson Srl	Subsidiary	Cristian	Romania	Chemicals - Plastics and Rubber	43.9	542
HUTCHINSON s.r.o.	Subsidiary	Rokycany	Czech Republic	Fabricated Plastic and Rubber	89.8	452
Hutchinson FTS Inc.	Facility	Livingston, TN	United States	Auto and Truck Parts	80.3	430
Espa	Subsidiary	Paris	France	Fabricated Plastic and Rubber	40.0	377
Barry Controls Incorporated	Subsidiary	Hopkinton, MA	United States	Miscellaneous Capital Goods	3.8	350
Barry Controls Aerospace	Division	Burbank, CA	United States	Fabricated Plastic and Rubber		150
Barry Controls Aerospace	Unit	Blagnac	France	Auto and Truck Parts		20
Hutchinson Industries, Inc.	Subsidiary	Trenton, NJ	United States	Fabricated Plastic and Rubber	2.1	350
Hutchinson Brasil Automotive Ltda	Subsidiary	Sao Paulo	Brazil	Auto and Truck Parts		1,400
Hba Hutchinson Brasil Automotive Ltda	Branch	Monte Alto, Sao Paulo	Brazil	Chemicals - Plastics and Rubber		1,400
Caoutchoucs Modernes	Subsidiary	Gamaches	France	Fabricated Plastic and Rubber	43.1	315
Conception Moulage Elastomeres	Subsidiary	Dreux	France	Fabricated Plastic and Rubber	0.8	14
Hutchinson Flexibles Automobiles	Subsidiary	Paris	France	Business Services	48.3	304
Hutchinson Transferencia De Fluidos México, S.A. De C.V.	Subsidiary	Reynosa, Tamaulipas	Mexico	Auto and Truck Parts		300
Borrachas Portalegre, Sociedade Unipessoal, LDA	Subsidiary	Portalegre, Portalegre	Portugal	Fabricated Plastic and Rubber	30.1	236
Hutchinson Sealing Systems North America, Inc.	Subsidiary	Newfields, NH	United States	Fabricated Plastic and Rubber	41.9	215
Hutchinson Sealing Systems, Inc.	Division	Church Hill, TN	United States	Fabricated Plastic and Rubber	2.0	500
Hutchinson Sealing Systems, Inc.	Subsidiary	Wytheville, VA	United States	Fabricated Plastic and Rubber	2.1	250
Hutchinson Borrachas De Portugal - Sociedade Unipessoal, LDA	Subsidiary	Campo Maior, Campo Maior	Portugal	Fabricated Plastic and Rubber	27.3	206
Hutchinson Korea Co., Ltd.	Subsidiary	Umsong	Korea, Republic of	Auto and Truck Parts	33.8	151
Jpr	Subsidiary	Paris	France	Fabricated Plastic and Rubber	39.4	145
Jehier	Subsidiary	Chemille	France	Fabricated Plastic and Rubber	50.7	120
Hutchinson SRL	Subsidiary	Rivoli, Torino	Italy	Fabricated Plastic and Rubber	32.5	106
Hutchinson Do Brasil S.A.	Subsidiary	Taboao Da Serra, Sao Paulo	Brazil	Chemicals - Plastics and Rubber	37.6	100
Hutchinson FTS, Inc.	Facility	Troy, MI	United States	Auto and Truck Parts		100
STOP-CHOC Schwingungstechnik GmbH & Co.KG	Subsidiary	Renningen, Baden-Württemberg	Germany	Auto and Truck Parts		80
Stop-Choc Ltd.	Subsidiary	Slough	United Kingdom	Construction - Supplies and Fixtures	24.3	75
Industrielle Desmarquoy	Subsidiary	Paris	France	Fabricated Plastic and Rubber	17.6	75
Paulstra CRC	Subsidiary	Grand Rapids, MI	United States	Fabricated Plastic and Rubber		75
Paulstra CRC Corp.	Facility	Cadillac, MI	United States	Fabricated Plastic and Rubber	7.0	340
Hutchinson Sealing Systems Inc.	Subsidiary	Auburn Hills, MI	United States	Fabricated Plastic and Rubber		65
Techlam S.A.	Subsidiary	Cernay, Cedex	France	Fabricated Plastic and Rubber	20.5	45
Hutchinson Polymers	Subsidiary	Paris	France	Fabricated Plastic and Rubber	11.9	14
Hutchinson Poland Sp Z O O	Subsidiary	Zywiec	Poland	Auto and Truck Parts	449.3
Hutchinson Poland Sp Z O O Zaklad Nr 2	Subsidiary	Zywiec	Poland	Auto and Truck Parts		150
Keum Han Co., Ltd.	Subsidiary	Yangju	Korea, Republic of	Fabricated Plastic and Rubber	8.7
Barry Control Aerospace	Subsidiary	Paris	France	Construction and Agriculture Machinery	8.7
Hutchinson Sante	Subsidiary	Paris	France	Miscellaneous Capital Goods	2.1
Hutchinson Brasil Automotive S.A.	Subsidiary	Monte Alto, SP	Brazil	Fabricated Plastic and Rubber
Hutchinson S.A - Centre de Recherche	Subsidiary	Chalette-sur-Loing	France	Business Services
TOTAL CAMBODGE	Subsidiary	Phnom Penh	Cambodia	Oil Well Services and Equipment		350
Total E&P Yemen SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	351.8	323
Total E&P Yemen	Branch	Sana'a	Yemen	Oil and Gas Operations
Total Maroc SA	Subsidiary	Casablanca	Morocco	Oil and Gas Operations	912.0	310
Total E&P Norge AS	Subsidiary	Stavanger	Norway	Oil and Gas Operations	9,154.2	300
Norsea Gas A/S	Affiliates	Stavanger	Norway	Oil Well Services and Equipment	98.5	4,500
ConocoPhillips Norge AS	Affiliates	Stavanger	Norway	Oil Well Services and Equipment	5,075.8	1,900
Conocophillips Investments Norge As	Subsidiary	Tananger	Norway	Investment Services	99.4	53
Total E&P Norge AS	Branch	Oslo	Norway	Oil Well Services and Equipment		5
Total E&P Norge AS	Branch	Harstad	Norway	Oil Well Services and Equipment
Total Luxembourg SA	Subsidiary	Luxembourg	Luxembourg	Oil and Gas Operations	731.9	300
Total Italia S.p.A	Subsidiary	Milan	Italy	Oil and Gas Operations	1.0	300
TOTSA Total Oil Trading S.A	Subsidiary	Geneva, Gevena	Switzerland	Engineering Consultants		300
Total Trading & Shipping	Subsidiary	Paris, Cedex	France	Oil and Gas Operations		4,000
Total Trading Asia Pte. Ltd.	Subsidiary	Singapore	Singapore	Oil and Gas Operations	1,807.7	50
Atlantic Trading & Marketing, Inc.	Subsidiary	Houston, TX	United States	Oil and Gas Operations	14.5	25
Total Trading International S.A	Subsidiary	Tokyo	Japan	Engineering Consultants	1.0
Total Oil Trading UK Ltd	Subsidiary	London	United Kingdom	Engineering Consultants
TOTAL LUBRICANTS INDIA LTD	Subsidiary	Mumbai	India	Oil and Gas Operations		300
Total Oil Türkiye AS	Subsidiary	Istanbul	Turkey	Oil and Gas Operations		287
Total E&P Qatar	Subsidiary	Doha	Qatar	Oil and Gas Operations		271
Total Abu Al Bukhoosh	Subsidiary	Abu Dhabi	United Arab Emirates	Oil and Gas Operations		260
PT. Total E & P Indonesie	Subsidiary	Jakarta	Indonesia	Oil Well Services and Equipment	850.0	250
Total E&P Indonesie	Branch	Balikpapan, East Kalimantan	Indonesia	Oil Well Services and Equipment
Total Especialidades Argentina S.A.	Subsidiary	Buenos Aires	Argentina	Oil and Gas Operations	43.8	250
Total South Africa (Pty) Ltd	Subsidiary	Saxonwold	South Africa	Oil and Gas Operations		250
Total Swaziland (Pty) Ltd	Subsidiary	Manzini	Swaziland	Oil and Gas Operations		8
Total Lesotho (Pty) Ltd	Subsidiary	Maseru	Lesotho	Oil and Gas Operations
Total Namibia (Pty) Ltd	Subsidiary	Windhoek	Namibia	Retail (Specialty)
Total Botswana	Subsidiary	Gaborone	Botswana	Retail (Specialty)
Total Nederland NV	Subsidiary	Den Haag	Netherlands	Oil and Gas Operations		250
Total Lubricants Plant Beverwijk B.V.	Subsidiary	Beverwijk, Noord-Holland	Netherlands	Oil and Gas Operations		28
Fiwado B.V.	Subsidiary	Zwijndrecht, Zuid-Holland	Netherlands	Food Processing		20
Power Points Loyalty System Nederland B.V.	Subsidiary	Voorburg, Zuid-Holland	Netherlands	Business Services	4.6
Rosier SA	Subsidiary	Moustier	Belgium	Chemical Manufacturing	371.1	245
Mabruk Oil Operations	Subsidiary	Courbevoie	France	Oil and Gas Operations		224
Total E&P Russie SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	321.6	209
TOTAL Etzel Gaslager GmbH	Subsidiary	Köln, Nordrhein-Westfalen	Germany	Oil and Gas Operations		205
Tupgaz Ticaret Ve Sanayi A S	Subsidiary	Istanbul	Turkey	Oil and Gas Operations		200
Total Sénégal SA	Subsidiary	Dakar	Senegal	Natural Gas Utilities	510.6	192
Societe du Pipeline Sud-Europeen	Subsidiary	Neuilly-sur-Seine	France	Oil Well Services and Equipment		180
Total España, S.A.	Subsidiary	Madrid	Spain	Retail (Specialty)	143.0	165
Petroleos De Valencia Sa	Subsidiary	Valencia	Spain	Trucking	5.4	12
Petroli Sl	Subsidiary	Barcelona	Spain	Retail (Specialty)	65.1	11
Bostik, Inc.	Subsidiary	Wauwatosa, WI	United States	Chemical Manufacturing	250.0	160
Bostik, Inc. - Boston	Branch	Middleton, MA	United States	Chemical Manufacturing	150.0	1,600
Usina Fortaleza Industria E Comercio de Massa Fina Ltda	Subsidiary	Barueri, Sao Paulo	Brazil	Construction - Raw Materials		750
Bostik Inc	Branch	Paulsboro, NJ	United States	Chemical Manufacturing	70.3	137
Bostik Inc	Branch	Warminster, PA	United States	Chemical Manufacturing	67.6	137
Bostik Inc	Branch	Calhoun, GA	United States	Chemical Manufacturing	65.7	137
Bostik Mexicana, S.A. De C.V.	Subsidiary	Naucalpan, Estado De Mexico	Mexico	Chemical Manufacturing	0.5	90
Bostik Servicios México, S.A. De C.V.	Subsidiary	Naucalpan, Estado De Mexico	Mexico	Chemical Manufacturing		180
Bostik Inc	Branch	Louisville, KY	United States	Chemical Manufacturing	48.8	74
Bostik, Inc. - Louisville	Facility	Louisville, KY	United States	Chemical Manufacturing		70
Bostik, Inc. - Greenville	Facility	Greenville, SC	United States	Chemical Manufacturing	72.7	55
Bostik, Inc. - Atlanta	Facility	Conyers, GA	United States	Chemical Manufacturing	65.7	55
Bostik, Inc. - Temecula	Facility	Temecula, CA	United States	Recreational Products	63.5	40
Fina Congo SARL	Subsidiary	Kinshasa	Congo	Oil and Gas Operations		160
TOTAL E & P Absheron B.V.	Subsidiary	Hague, Zuid-Holland	Netherlands	Oil Well Services and Equipment		155
Total Marketing Middle East FZE	Subsidiary	Dubai	United Arab Emirates	Oil and Gas Operations		150
Total Additifs Et Carburants Speciaux	Subsidiary	Givors	France	Miscellaneous Transportation	215.5	149
Total Tunisie SA	Subsidiary	Tunis	Tunisia	Oil and Gas Operations	529.6	145
Total Ethiopia	Subsidiary	Addis Ababa	Ethiopia	Oil and Gas Operations		130
Total Lubricantes Do Brasil Ltda	Subsidiary	Sao Paulo	Brazil	Oil and Gas Operations		130
TOTAL FIJI LIMITED	Subsidiary	Suva	Fiji	Oil and Gas Operations		121
TOTAL POLSKA S.P. ZO.O.	Subsidiary	Warsaw	Poland	Oil and Gas Operations	510.3	115
Bostik AB	Subsidiary	Helsingborg	Sweden	Chemical Manufacturing	50.4	113
Bostik Oy	Subsidiary	Tampere	Finland	Miscellaneous Capital Goods	8.4	10
Bostik As	Subsidiary	Tallinn	Estonia	Construction - Supplies and Fixtures	0.9	3
Bostik Sia	Subsidiary	Riga	Latvia	Chemical Manufacturing
TOTAL HUNGARIA Kereskedelmi Kft	Subsidiary	Budaörs	Hungary	Oil and Gas Operations	77.7	104
TOTAL Oil Asia-Pacific Pte Ltd.	Subsidiary	Singapore	Singapore	Oil and Gas Operations	296.5	100
TOTAL Oil Asia-Pacific Pte Ltd. - Lubricants Plant	Facility	Singapore	Singapore	Oil and Gas Operations		50
Total Lubricants Blending UAE Co Ltd	Subsidiary	Jebel Ali	United Arab Emirates	Oil and Gas Operations		100
Total Gas & Power North America, Inc	Subsidiary	Houston, TX	United States	Natural Gas Utilities		100
Total Tanzanie Ltd.	Subsidiary	Dar es Salaam	Tanzania	Oil and Gas Operations		100
Total Additive and Special Fuels	Subsidiary	Givors	France	Oil and Gas Operations		100
Total Oil India Pvt Ltd	Subsidiary	Bengaluru	India	Oil Well Services and Equipment		100
Total Oil Pakistan (Pvt) Limited	Subsidiary	Karachi	Pakistan	Oil and Gas Operations		100
Total Special Fluids - The Oudalle Plant	Facility	Oudalle	France	Oil and Gas Operations		100
Total Cote d'Ivoire SA	Subsidiary	Abidjan	Cote d'Ivoire	Oil and Gas Operations	331.6	93
Total Burkina SA	Subsidiary	Ouagadougou	Burkina Faso	Oil and Gas Operations	246.8	88
Total Moçambique, SARL	Subsidiary	Maputo	Mozambique	Oil and Gas Operations		80
Total E&P Libye SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	400.8	70
Total Lubricants Canada Inc	Subsidiary	Lasalle, QC	Canada	Chemical Manufacturing	63.1	70
Totalfinaelf India Limited	Subsidiary	Mumbai, Maharashtra	India	Oil and Gas Operations	1.0	62
Total Bitumen Uk Ltd.	Subsidiary	Watford	United Kingdom	Business Services	3.6	54
Michel Mineralölhandel GmbH	Subsidiary	Duisburg, Nordrhein-Westfalen	Germany	Oil and Gas Operations	86.2	50
TOTAL Coal South Africa Ltd.	Subsidiary	Illovo	South Africa	Coal		50
Gratecap SAS	Subsidiary	La Rochelle	France	Chemical Manufacturing	66.2	34
Soc Languedoc Micron Couleur	Subsidiary	Narbonne	France	Chemical Manufacturing		34
Total Petrochemicals (Hong Kong) Ltd.	Subsidiary	Kowloon	Hong Kong	Chemical Manufacturing	668.0	30
Total Lubricants USA	Subsidiary	Linden, NJ	United States	Oil and Gas Operations	76.2	30
Total Lubricants USA Inc	Branch	Rockingham, NC	United States	Miscellaneous Capital Goods	7.4	30
Total Lubricants USA Inc	Branch	Plano, TX	United States	Oil and Gas Operations	32.7	9
Total Lubricants USA Inc	Branch	Knoxville, TN	United States	Oil and Gas Operations	11.5	9
Total Hellas S.A.	Subsidiary	Athens	Greece	Oil and Gas Operations	18.8	30
Total Togo SA	Subsidiary	Lomé	Togo	Oil and Gas Operations		30
Total E&P Thaïland SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	746.4	29
TOTAL AUSTRIA GmbH	Subsidiary	Vienna	Austria	Oil and Gas Operations	30.9	20
Rodgard Corp	Subsidiary	Buffalo, NY	United States	Fabricated Plastic and Rubber	4.5	20
Total Holdings UK Ltd.	Subsidiary	London	United Kingdom	Business Services		20
Bb Realisations Ltd.	Subsidiary	London	United Kingdom	Personal and Household Products		120
Total Pension Co. Uk Ltd.	Subsidiary		United Kingdom	Investment Services	14.7
Total Gas & Power Services Ltd.	Subsidiary	London	United Kingdom	Commercial Banks	0.8
Elf Petroleum UK Ltd.	Subsidiary	London	United Kingdom	Business Services
Total Upstream UK Ltd.	Subsidiary	London	United Kingdom	Business Services	4,443.3	625
Fina Petroleum Development Ltd.	Subsidiary	London	United Kingdom	Oil and Gas Operations	193.9
Fina Exploration Ltd.	Subsidiary	London	United Kingdom	Oil and Gas Operations	190.7
Elf Exploration UK Ltd.	Subsidiary	London	United Kingdom	Oil and Gas Operations	21.5
E. F. Oil And Gas Ltd.	Subsidiary	London	United Kingdom	Oil and Gas Operations	1,697.3
Elf Hydrocarbons Ltd.	Subsidiary	London	United Kingdom	Commercial Banks
Sovereign Chemicals Ltd.	Subsidiary	Barrow-In-Furness	United Kingdom	Chemical Manufacturing	15.3	67
Sovereign Chemicals Ltd	Facility	Barrow-in-Furness	United Kingdom	Chemical Manufacturing		9
Evode Ltd.	Subsidiary	Barrow-In-Furness	United Kingdom	Nonclassifiable Industries
Shetland Land Lease Ltd.	Subsidiary	London	United Kingdom	Construction Services	0.6
Total Downstream UK PLC	Subsidiary	Watford	United Kingdom	Nonclassifiable Industries
Total UK Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Fabricated Products	9,792.0	2,910
Total Lindsey Oil Refinery Ltd.	Subsidiary	Grimsby	United Kingdom	Business Services	71.9	552
Associated Petroleum Terminals (Immingham) Ltd.	Subsidiary	Immingham	United Kingdom	Miscellaneous Transportation	23.3	57
Total UK Ltd.	UK Branch/Trading address	Oldham	United Kingdom	Retail (Specialty)	9,792.0	4
Total UK Ltd.	UK Branch/Trading address	Harrogate	United Kingdom	Retail (Specialty)	9,792.0	4
Antur Fuels Ltd.	Subsidiary	Watford	United Kingdom	Business Services	0.3	4
Total UK Ltd.	UK Branch/Trading address	Rotherham	United Kingdom	Retail (Specialty)	9,792.0	3
Humber Oil Terminals Trustee Ltd.	Subsidiary	Immingham	United Kingdom	Miscellaneous Transportation	53.1
Hertfordshire Oil Storage Ltd.	Subsidiary	Hemel Hempstead	United Kingdom	Miscellaneous Transportation	0.9
Elf Oil Uk Properties Ltd.	Subsidiary	Watford	United Kingdom	Construction Services
Total (1843) Ltd.	Subsidiary	Watford	United Kingdom	Nonclassifiable Industries
Elf Oil Uk Properties 1991 Ltd.	Subsidiary	Watford	United Kingdom	Nonclassifiable Industries
Totalfina Bitumen Ltd.	Subsidiary	Watford	United Kingdom	Nonclassifiable Industries
Total Co. Uk Ltd.	Subsidiary	Blackburn	United Kingdom	Nonclassifiable Industries
Total Milford Haven Refinery Ltd.	Subsidiary	Rochester	United Kingdom	Nonclassifiable Industries
Elf Oil Uk Aviation Ltd.	Subsidiary	Watford	United Kingdom	Nonclassifiable Industries
Total Midstream Holdings UK Ltd.	Subsidiary	London	United Kingdom	Business Services
Total Gas & Power Chartering Ltd.	Subsidiary	London	United Kingdom	Water Transportation	59.7
Total Gas Contracts Ltd.	Subsidiary	London	United Kingdom	Business Services	3.6
Chanter Petroleum Ltd.	Subsidiary	London	United Kingdom	Biotechnology and Drugs
Hutchinson Holdings UK Ltd.	Subsidiary	London	United Kingdom	Business Services
Pamargan Products Ltd.	Subsidiary	Newtown	United Kingdom	Fabricated Plastic and Rubber	17.2	70
Hutchinson (U.K.) Ltd.	Subsidiary	Telford	United Kingdom	Business Services	3.0	9
Ljf (UK) Ltd.	Subsidiary	Leicester	United Kingdom	Miscellaneous Capital Goods	8.4	5
Buckingham Coatings Properties Ltd.	Subsidiary	Stalybridge	United Kingdom	Business Services
Buckingham Coatings Properties Ltd	UK Branch/Trading address	Buckingham	United Kingdom	Business Services
Total Pension Trustee Uk Ltd.	Subsidiary		United Kingdom	Investment Services
Total Honduras, S.A. de C.V.	Subsidiary	Tegucigalpa	Honduras	Oil Well Services and Equipment		20
Total Petrochemicals & Refining Sa Nv	Subsidiary	Milano, Milano	Italy	Business Services	36,657.9	18
Total Projects India Ltd	Subsidiary	New Delhi	India	Oil and Gas Operations		15
As 24 - Belgie	Subsidiary	Bruxelles	Belgium	Oil and Gas Operations	328.4	9
Monnot Et Cie Sarl	Subsidiary	Roche Lez Beaupre	France	Chemical Manufacturing	13.2	7
Rosier France	Subsidiary	Beaumetz Les Loges	France	Chemical Manufacturing	8.6	7
TOTAL GAS & POWER NEW ENERGIES USA, INC.	Subsidiary	Emeryville, CA	United States	Natural Gas Utilities	9.0	5
Total Petroleum Puerto Rico Corp.	Subsidiary	Guaynabo, PR	United States	Oil and Gas Operations	8.7	5
TOTAL TRINIDAD & TOBAGO	Subsidiary	Port of Spain	Trinidad and Tobago	Oil and Gas Operations		5
Elf Aquitaine SA	Subsidiary	Courbevoie	France	Oil and Gas Operations		4
Total E&P Angola SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	3,090.6	1,564
Total E & P Congo	Subsidiary	Pointe-Noire	Congo	Oil and Gas Operations		750
Elf Exploration Production SAS	Subsidiary	Courbevoie	France	Oil Well Services and Equipment	120.2	749
Total E&P France SA	Subsidiary	Courbevoie	France	Oil Well Services and Equipment	574.1	726
Total E & P Cameroun	Subsidiary	Douala-Bassa	Cameroon	Oil and Gas Operations		285
Total Gaz Electricite Holdings France	Subsidiary	Courbevoie	France	Natural Gas Utilities
Transport et Infrastructures Gaz France	Subsidiary	Pau	France	Oil Well Services and Equipment	510.9	337
TOTAL ENERGIE GAZ SA	Subsidiary	Courbevoie, Hauts De Seine	France	Natural Gas Utilities	2,749.8	74
Total Union Oceane	Subsidiary	Puteaux	France	Miscellaneous Transportation
Total E&P South Sudan	Subsidiary	Courbevoie	France	Oil and Gas Operations		4
Total E&P Norge As	Subsidiary	Harstad, Troms	Norway	Oil and Gas Operations	1,750.0	2
Total Norge AS	Subsidiary	Oslo, Oslo	Norway	Business Services	31.8	7
Société Raffinerie de Donges SNC	Subsidiary	Puteaux	France	Oil and Gas Operations	279.1	2
Société Raffinerie de Feyzin SNC	Subsidiary	Puteaux	France	Oil and Gas Operations	222.6	2
Société Raffinerie de Grandpuits SNC	Subsidiary	Puteaux	France	Oil and Gas Operations	174.1	2
TOTAL Pensions Belgium SA	Subsidiary	Brussels	Belgium	Investment Services		2
Total Chemical Division	Division	La Defense, Cedex	France	Chemical Manufacturing	25,669.1
Total Petrochemicals	Division	Brussels	Belgium	Chemical Manufacturing	14,200.0	6,000
Total Petrochemicals USA, Inc.	Subsidiary	Houston, TX	United States	Chemical Manufacturing	10,000.0	1,600
Total Petrochemicals, Inc. Bayport	Facility	Pasadena, TX	United States	Chemical Manufacturing		1,500
Total Petrochemicals & Rfnng	Branch	Port Arthur, TX	United States	Oil and Gas Operations	105.0	435
Atofina Petrochemicals, Inc. La Porte	Facility	La Porte, TX	United States	Chemical Manufacturing		300
Total Petrochemicals	Facility	Carville, LA	United States	Chemical Manufacturing	30.0	200
Total Petrochemicals, Inc.	Subsidiary	La Porte, TX	United States	Oil and Gas Operations	136.3	149
Total Petrochemicals & Rfnng	Branch	Pasadena, TX	United States	Oil and Gas Operations	140.0	130
Total Petrochemicals & Rfnng	Branch	La Porte, TX	United States	Oil and Gas Operations	70.0	121
Atofina Petrochemicals, Inc. Port Arthur	Facility	Port Arthur, TX	United States	Oil and Gas Operations
Total Petrochemicals Research Feluy	Unit	Feluy	Belgium	Business Services		500
Total Petrochemicals South East Asia Pte. Ltd.	Subsidiary	Singapore	Singapore	Chemicals - Plastics and Rubber	163.6	110
Total Petrochemicals South East Asia Pte. Ltd.	Subsidiary	Taguig	Philippines	Chemical Manufacturing		2
Total Petrochemicals UK Ltd.	Subsidiary	Stalybridge	United Kingdom	Chemicals - Plastics and Rubber	130.7	86
Sartomer Company, Inc.	Subsidiary	Exton, PA	United States	Chemical Manufacturing	125.0	150
Sartomer Company Inc.	Branch	Chatham, VA	United States	Chemical Manufacturing	59.1	100
Sartomer Company Inc.	Branch	West Chester, PA	United States	Chemical Manufacturing	228.1	90
Sartomer Company Inc.	Branch	Grand Junction, CO	United States	Chemical Manufacturing		31
Cray Valley	Branch	Stratford, CT	United States	Chemical Manufacturing	12.6	23
Sartomer Asia Limited	Subsidiary	Quarry Bay	Hong Kong	Chemical Manufacturing
Cook Composites & Polymers Co.	Subsidiary	Kansas City, MO	United States	Fabricated Plastic and Rubber	737.0	100
Arkema	Branch	Saukville, WI	United States	Chemical Manufacturing	107.4	140
Arkema	Branch	Chatham, VA	United States	Chemical Manufacturing	106.6	140
CCP Composites	Branch	Kansas City, MO	United States	Chemical Manufacturing	3.5	57
CCP Composites	Branch	Orlando, FL	United States	Chemical Manufacturing	15.7	34
Progress Plastiques Cie	Subsidiary	Drummondville, QC	Canada	Crops	15.9	32
CCP Composites	Branch	Sandusky, OH	United States	Chemical Manufacturing	18.8	31
Arkema	Branch	Grand Rapids, MI	United States	Chemicals - Plastics and Rubber	35.7	25
CCP Composites	Branch	Chatham, VA	United States	Chemical Manufacturing	10.4	20
CCP Composites	Branch	Marshall, TX	United States	Chemical Manufacturing	16.6	16
Total Outre-Mer SA	Subsidiary	Puteaux	France	Oil and Gas Operations	5,140.1
Total Mer Rouge	Subsidiary	Puteaux	France	Oil and Gas Operations	4.5
Total Uganda Limited	Subsidiary	Kampala	Uganda	Oil and Gas Operations
Total E & P Angola	Subsidiary	Luanda	Angola	Oil and Gas Operations	3,095.7
Total Exploration & Production	Division	Paris, La Defense	France	Oil and Gas Operations	1,750.0
Sogelfa	Subsidiary	Paris	France	Investment Services	13.0	4,000
Total E&P France	Subsidiary	Pau	France	Chemical Manufacturing		900
Total E&P UK Ltd.	Subsidiary	Aberdeen	United Kingdom	Oil and Gas Operations	2,482.9	625
Total Gabon SA	Subsidiary	Port Gentil	Gabon	Oil and Gas Operations	1,570.6	512
Total E&P Canada Ltd.	Subsidiary	Calgary, AB	Canada	Oil and Gas Operations		500
Total E&P Canada LTD	Branch	Fort Mcmurray, AB	Canada	Oil and Gas Operations	7.3	4
Elf Petroleum Nigeria Ltd.	Subsidiary	Lagos	Nigeria	Oil and Gas Operations		500
Total E&P Nederland B.V.	Subsidiary	Hague, Zuygholand	Netherlands	Oil and Gas Operations		300
Total E&P USA Inc.	Subsidiary	Houston, TX	United States	Oil and Gas Operations	3.7	250
Total E&P UK Plc	Subsidiary	London	United Kingdom	Oil and Gas Operations		150
Total Petroleum Ghana	Subsidiary	Accra	Ghana	Oil and Gas Operations	515.3	136
Total (Suisse) SA	Subsidiary	Vernier	Switzerland	Oil and Gas Operations	84,133.4	80
Total E&P Cameroon	Subsidiary	Douala	Cameroon	Oil and Gas Operations
Total E&P Libye	Subsidiary	Tripoli	Libyan Arab Jamahiriya	Chemical Manufacturing
Total E&P Algerie	Subsidiary	Algiers	Algeria	Chemical Manufacturing
Total Trading Atlantique Sas	Subsidiary	Courbevoie	France	Oil and Gas Operations	871.1
Total E&P Qatar SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	588.1
Total Abu Al Bu Khoosh SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	321.5
Total E&P Bolivie SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	302.7
Total E&P Myanmar SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	257.6
Total Marketing Gabon	Subsidiary	Port Gentil	Gabon	Oil and Gas Operations	251.9
Total Mauritius Ltd	Subsidiary	Port Louis	Mauritius	Oil and Gas Operations	247.4
Total E&P Algérie SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations	87.1
Total Tractebel Emirates O Et M Compan	Subsidiary	Courbevoie	France	Miscellaneous Financial Services	61.0
Elf Petroleum Iran SA	Subsidiary	Paris La Défense	France	Oil and Gas Operations	58.5
Total Mexico S.A De C.V	Subsidiary	Guadalajara, Jalisco	Mexico	Oil and Gas Operations	26.3
Elf Lubricantes México S.A. de C.V.	Subsidiary	Guadalajara	Mexico	Retail (Specialty)	2.5
Sté Languedocienne de Micron-Colours	Subsidiary	Narbonne	France	Chemical Manufacturing	22.5
Total Oil Malaysia Sdn Bhd	Subsidiary	Petaling Jaya, Selangor Darul Ehsan	Malaysia	Oil Well Services and Equipment	21.8
Total Developpement Regional Sa	Subsidiary	Courbevoie	France	Investment Services	1.6
Total Energie Developpement	Subsidiary	Courbevoie	France	Miscellaneous Capital Goods	1.5
Total Gas & Power Thailand	Subsidiary	Courbevoie	France	Oil and Gas Operations	0.2
Total Lubricants Hong Kong Ltd.	Subsidiary	Quarry Bay	Hong Kong	Oil Well Services and Equipment	0.1
Total Coal International	Subsidiary	Courbevoie	France	Miscellaneous Capital Goods	0.0
Cdf Energie Sa	Subsidiary	Courbevoie	France	Oil and Gas Operations	193.9	34
Atotech(Guangzhou)Chemicals Ltd.	Subsidiary	Guangzhou, Guang Dong	China	Personal and Household Products	0.0
Total Qatar Oil and Gas SAS	Subsidiary	Paris La Défense	France	Oil and Gas Operations
Atotech B.V.	Subsidiary	De Meern, Utrecht	Netherlands	Miscellaneous Capital Goods
Atotech Deutschland GmbH	Subsidiary	Berlin, Berlin	Germany	Miscellaneous Capital Goods	367.7	1,040
Atotech Taiwan Ltd.	Subsidiary	Taipei	Taiwan	Electronic Instruments and Controls		215
Atotech Deutschland GmbH	Facility	Feucht	Germany	Miscellaneous Fabricated Products		180
Atotech USA Inc.	Subsidiary	Rock Hill, SC	United States	Miscellaneous Fabricated Products	11.9	135
Atotech Canada Ltd.	Subsidiary	Burlington, ON	Canada	Miscellaneous Fabricated Products	11.6	55
Atotech Asia Pacific Ltd.	Subsidiary	Kowloon	Hong Kong	Chemical Manufacturing	97.3	120
Atotech France SA	Subsidiary	Saint Ouen L'Aumone	France	Miscellaneous Capital Goods	23.8	56
Atotech CZ, a.s.	Subsidiary	Jablonec nad Nisou	Czech Republic	Chemical Manufacturing	9.7	50
Atotech de Mexico S.A. de C.V.	Subsidiary	Mexico	Mexico	Miscellaneous Capital Goods	5.6	30
Atotech (Malaysia) Sdn Bhd	Subsidiary	Kuala Lumpur	Malaysia	Chemical Manufacturing	3.5	30
Atotech Osterreich GmbH	Subsidiary	Purkersdorf	Austria	Chemical Manufacturing	10.9	18
Atotech Poland Sp.z o.o.	Subsidiary	Poznan	Poland	Chemical Manufacturing	4.9	16
Atotech Skandinavien AB	Subsidiary	Norrkoping	Sweden	Chemical Manufacturing	9.0	13
Atotech Nederland B.V.	Subsidiary	De Meern	Netherlands	Oil and Gas Operations		11
Atotech S.E.A (Phils) Pte Ltd	Subsidiary	Makati	Philippines	Office Equipment	0.0	7
Atotech Srl Italia Lainate	Subsidiary	Bucharest	Romania	Chemical Manufacturing		5
Atotech SK, s.r.o.	Subsidiary	Banska Bystrica	Slovakia	Chemical Manufacturing		5
Atotech Japan K.K.	Subsidiary	Yokohama, Kanagawa	Japan	Investment Services	159.5
Atotech Korea Ltd.	Subsidiary	Hwaseong, Gyeonggi	Korea, Republic of	Electronic Instruments and Controls	40.9
Atotech Deutschland GmbH	Subsidiary	Basel	Switzerland	Miscellaneous Capital Goods
Atotech Spain SA	Subsidiary	Erandio, Vizcaya	Spain	Chemical Manufacturing
Atotech (Thailand) Co., Ltd.	Subsidiary	Bangkok	Thailand	Miscellaneous Fabricated Products
Atotech Vietnam Co., Ltd.	Subsidiary	Ho Chi Minh City	Viet Nam	Electronic Instruments and Controls
OOO Atotech-Chemeta	Subsidiary	Moscow	Russian Federation	Miscellaneous Capital Goods
Atotech Istanbul Kimya Sanayi Tic. Ltd. Sti.	Subsidiary	Istanbul	Turkey	Chemical Manufacturing
Atotech S.E.A Pte Ltd	Subsidiary	Singapore	Singapore	Chemical Manufacturing	30.3	85
Atotech Do Brasil Galvanotecnica Ltda	Subsidiary	Taboao Da Serra, Sao Paulo	Brazil	Chemical Manufacturing	24.3	70
Atotech UK Ltd.	Subsidiary	West Bromwich	United Kingdom	Chemical Manufacturing	16.7	41
Atotech Italia SRL	Subsidiary	Lainate, Milano	Italy	Miscellaneous Fabricated Products	24.4	36
Atotech India Limited	Subsidiary	Gurgaon, Haryana	India	Chemical Manufacturing	16.0
Total Lubricants Vietnam	Subsidiary	Ho Chi Minh City	Viet Nam	Oil and Gas Operations
Total Tractebel Emirates Power Compagny	Subsidiary	Courbevoie	France	Commercial Banks
Total South Pars	Subsidiary	Courbevoie	France	Oil and Gas Operations
Total Exploration and Production Indonesia	Subsidiary	Jakarta	Indonesia	Oil and Gas Operations
Total Venezuela	Subsidiary	Courbevoie	France	Oil and Gas Operations
Total Gaz & Électricité Holdings	Subsidiary	Paris La Défense	France	Natural Gas Utilities
Total Finance	Subsidiary	Courbevoie	France	Commercial Banks
Total Mali	Subsidiary	Bamako	Mali	Oil and Gas Operations
Total Gambia Limited	Subsidiary	Banjul	Gambia	Retail (Specialty)
Total Moçambique Sarl	Subsidiary	Matola	Mozambique	Business Services
TOTAL (Philippines) Corp.	Subsidiary	Taguig, Metro Manila	Philippines	Miscellaneous Transportation
Total E&P Syrie	Subsidiary	Damascus	Syria	Oil and Gas Operations
TOTAL E & P Thailand	Subsidiary	Bangkok	Thailand	Oil Well Services and Equipment
Total Oil (Thailand) Co. Ltd	Subsidiary	Bangkok	Thailand	Oil and Gas Operations
Total Activites Maritimes	Subsidiary	Courbevoie	France	Commercial Banks
Total E & P Dubai	Subsidiary	Courbevoie	France	Oil and Gas Operations
Total Sirri	Subsidiary	Courbevoie	France	Miscellaneous Financial Services
Total E & P Oman	Subsidiary	Courbevoie	France	Commercial Banks
Total - Marine Fuels	Subsidiary	Nanterre	France	Oil and Gas Operations
TOTAL Bitumen Deutschland GmbH	Subsidiary	Brunsbüttel, Schleswig-Holstein	Germany	Oil and Gas Operations	125.0	128
Total Exploration Mbridge B.V.	Subsidiary	's-Gravenhage, Zuid-Holland	Netherlands	Oil and Gas Operations
Fina Oil & Gas West Africa B.V.	Subsidiary	's-Gravenhage, Zuid-Holland	Netherlands	Chemical Manufacturing
Total E&P Chine	Subsidiary	Courbevoie	France	Oil and Gas Operations
Bostik Holding S.A.	Subsidiary	Courbevoie	France	Investment Services
Bostik SA	Subsidiary	La Plaine Saint Denis	France	Chemical Manufacturing	464.1	837
Bostik Findley Ltd.	Subsidiary	Stafford	United Kingdom	Chemical Manufacturing		800
Bostik Ltd.	Subsidiary	Stafford	United Kingdom	Chemical Manufacturing	202.6	531
Wetherby Building Products Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing	12.7	27
The Laybond Group Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing
Laybond Products Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing
Vapotherm (Uk) Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing
Plycol Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing
Sealocrete (Holdings) Ltd.	Subsidiary	Leicester	United Kingdom	Chemical Manufacturing
Bostik GmbH	Subsidiary	Borgholzhausen, Nordrhein-Westfalen	Germany	Chemical Manufacturing	214.5	400
MEM-Bauchemie GmbH	Subsidiary	Leer (Ostfriesland), Niedersachsen	Germany	Chemical Manufacturing		72
Mydrin Findley Srl	Subsidiary	Sesto San Giovanni, MI	Italy	Chemical Manufacturing		100
Bostik Netherland B.V.	Subsidiary	Roosendaal	Netherlands	Chemical Manufacturing	75.9	65
Bostik B.V. Industrial Division	Subsidiary	's-Hertogenbosch	Netherlands	Chemical Manufacturing		80
Bostik B.V. Construction Division	Subsidiary	's-Hertogenbosch	Netherlands	Chemical Manufacturing		30
Evode Industries Limited	Subsidiary	Co Dublin	Ireland	Chemical Manufacturing	23.2	60
Bostik Sa	Subsidiary	Rubi, Barcelona	Spain	Chemical Manufacturing	16.7	59
Bostik Belux S.A.	Subsidiary	Brussels	Belgium	Chemical Manufacturing		25
Bostik Belux	Subsidiary	Gent	Belgium	Chemical Manufacturing	21.2	23
Bostik, Unipessoal, LDA	Subsidiary	Póvoa De Santo Adrião, Odivelas	Portugal	Chemical Manufacturing	3.0	12
Bostik Findley Canada Ltd.	Subsidiary	Montreal, QC	Canada	Chemical Manufacturing	6.6	6
Bostik Brasil Adesivos Ltda.	Subsidiary	Sao Paulo, Sao Paulo	Brazil	Chemical Manufacturing	0.6
Bostik Holding B.V.	Subsidiary	Roosendaal, Noord-Brabant	Netherlands	Miscellaneous Financial Services
Bostik B.V.	Subsidiary	's-Hertogenbosch, Noord-Brabant	Netherlands	Chemical Manufacturing	34.9
Cekomastik Kimya Sanayi Ve Ticaret A S	Subsidiary	Istanbul (Europe)	Turkey	Chemical Manufacturing		60
Mydrin SRL	Subsidiary	Milano, Milano	Italy	Chemical Manufacturing	38.4	40
Tekbau Yapi Malzemeleri Madencilik Sanayi A S	Subsidiary	Istanbul (Europe)	Turkey	Chemical Manufacturing		28
Bostik Ooo	Subsidiary	Moscow	Russian Federation	Chemical Manufacturing	8.3
Total E&P Madagascar	Subsidiary	Courbevoie	France	Oil and Gas Operations
Septentrion Participations	Subsidiary	Courbevoie	France	Chemical Manufacturing
Total Africa Sa	Subsidiary	Puteaux	France	Chemical Manufacturing
Total Ep Kazakhstan	Subsidiary	Courbevoie	France	Oil and Gas Operations
Total Nucleaire	Subsidiary	Courbevoie	France	Biotechnology and Drugs
Total Oil And Gas South America	Subsidiary	Courbevoie	France	Miscellaneous Financial Services
Total Profils Petroliers	Subsidiary	Courbevoie	France	Biotechnology and Drugs
TOTAL Finance Exploitation	Subsidiary	Courbevoie	France	Investment Services
Socap Sas	Subsidiary	Courbevoie	France	Miscellaneous Financial Services
Total Exploration Production Nigeria	Subsidiary	Courbevoie	France	Oil and Gas Operations
Total E&P Holdings SAS	Subsidiary	Paris La Défense	France	Miscellaneous Financial Services
Total Holdings Europe SAS	Subsidiary	Paris La Défense	France	Miscellaneous Financial Services
Total E&P Italia SpA	Subsidiary	Roma	Italy	Oil and Gas Operations	50.3
Total Exploration & Production Nigeria Limited	Subsidiary	Victoria Island, Lagos	Nigeria	Oil Well Services and Equipment
Total Upstream Nigeria Limited	Subsidiary	Lagos	Nigeria	Oil and Gas Operations
TOTAL E & P Azerbaidjan B.V.	Subsidiary	Baku	Azerbaijan	Oil Well Services and Equipment
TOTAL LUBRICANTS ALGERIE	Subsidiary	Algiers	Algeria	Oil and Gas Operations
Total Especialidades Venezuela, C.A.	Subsidiary	Caracas	Venezuela	Oil and Gas Operations
TOTAL LUBRICANTS ROMANIA S.A.	Subsidiary	Bucharest	Romania	Oil and Gas Operations
Total Fuels (Wuhan) Co., Ltd.	Subsidiary	Wuhan, Hubei	China	Oil and Gas Operations
TOTAL CHILE SA	Subsidiary	Quilicura, Santiago	Chile	Oil and Gas Operations
TOTAL E & P Do Brazil	Subsidiary	Rio de Janeiro	Brazil	Oil and Gas Operations
Total Petrochemicals Taipei	Subsidiary	Taipei	Taiwan	Chemical Manufacturing
Total Petrochemicals (Foshan) Co., Ltd.	Subsidiary	Foshan, Guangdong	China	Chemical Manufacturing
Total Petroleum Hong Kong Ltd.	Subsidiary	Hong Kong	Hong Kong	Oil and Gas Operations
TOTAL LUBRICANTS JAPAN Co, Ltd.	Subsidiary	Tokyo	Japan	Oil and Gas Operations
PT Total Oil Indonesia	Subsidiary	Jakarta	Indonesia	Oil Well Services and Equipment
TOTAL E & P Iraq	Subsidiary	Courbevoie	France	Oil Well Services and Equipment
Air Total International SA	Subsidiary	Paris	France	Oil and Gas Operations
Total E&P Iran	Subsidiary	Tehran	Iran	Oil Well Services and Equipment
Total - Bitumen	Subsidiary	Nanterre	France	Oil and Gas Operations
Socap S.A.S.	Subsidiary	Sens	France	Oil Well Services and Equipment
TOTAL GUADELOUPE	Subsidiary	Pointe-a-Pitre	Guadeloupe	Oil and Gas Operations
TOTAL PETROLEO COSTA RICA S.A.	Subsidiary	Tres Rios	Costa Rica	Oil and Gas Operations

Executives Report

Board of Directors

Name	Title	Function
Patrick Pouyanne	Chairman/Managing Director	Chairman

Executives

Name	Title	Function
Patrick Pouyanne	Chairman/Managing Director	Managing Director
Michel Benezit	Administrator	Administration Executive
Francois Cornelis	Administrator	Administration Executive
Age: 63 Education: Université Catholique de Louvain (Mechanical Engineering)
Etienne Francois Jacques Marie Jose Davignon	Administrator	Administration Executive
Age: 80
Christophe De Margerie	Administrator	Administration Executive
Thierry De Rudder	Administrator	Administration Executive
Age: 63
Gerald Frere	Administrator	Administration Executive
Age: 61
Albert Henri Pol Julien Frere	Administrator	Administration Executive
Age: 58
Jean Jacques Guilbaud	Administrator	Administration Executive
Paulus Adrianus Johannes Janssen	Administrator	Administration Executive
Age: 86
Gilles Bernard Samyn	Administrator	Administration Executive
Age: 63
Christine Souchet	Administrator	Administration Executive
Daniel Valot	Administrator	Administration Executive
Michel Julien Rosa Marcel Simon De Saive	Representative/Auditor	Accounting Executive
Age: 55
Xavier Bontemps	Agent	Other
Nathalie Brunelle	Agent	Other
Bertrand Deroubaix	Agent	Other
Philippe Doligez	Agent	Other
Philippe Marchandise	Agent	Other
Age: 56
Jean-Jacques Mosconi	Agent	Other
Bernadette Spinoy	Agent	Other
Carl Edward Van Camp	Agent	Other
Age: 60

Annual Profit & Loss

	31-Dec-2011	31-Dec-2010	31-Dec-2009
Period Length	52 Weeks	52 Weeks	52 Weeks
Filed Currency	EUR	EUR	EUR
Exchange Rate (Period Average)	0.71919	0.755078	0.719047
Consolidated	No	No	No
Turnover	36,657.9	27,700.2	20,094.6
Increase or Decrease in Stocks of Finished Goods, and Orders in Progress	67.4	39.2	25.9
Immobilized Production	0.0	0.6	0.2
Other Operating Income	204.4	204.0	204.7
Operating Income	36,929.7	27,944.0	20,325.4
Purchases	36,404.0	27,019.6	20,293.0
Increase or Decrease in Stocks	-13.4	108.4	-185.4
Raw Materials, Consumables, and Goods for Release	36,390.6	27,128.0	20,107.6
Services and Sundry Goods	662.1	590.4	573.0
Remuneration, Social Security Charges, and Pensions	106.8	101.0	104.2
Depreciation of and Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed Assets	12.0	9.9	9.0
Increase or Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors	3.5	6.7	-23.3
Provisions for Liabilities and Charges	-15.6	2.3	-5.2
Other Operating Charges	18.6	1.2	1.2
Operating Charges	37,178.1	27,839.6	20,766.4
Income From Financial Fixed Assets	3.7	3.2	80.4
Income From Current Assets	1.8	0.8	41.7
Other Financial Income	13.0	0.1	1.1
Financial Income	18.5	4.1	123.2
Interest and Other Debt Charges	142.6	67.7	89.9
Other Financial Charges	0.6	3.6	3.8
Financial Charges	143.2	71.2	93.7
Adjustments to Amounts Written Off on Financial Fixed Assets	13.4	10.0	2.5
Gain on Disposal of Fixed Assets	0.0	0.2	17.9
Extraordinary Income	13.4	10.1	20.3
Amounts Written Off on Financial Fixed Assets	-	2.0	0.4
Provisions for Extraordinary Liabilities and Charges	3.2	0.9	-
Loss on Disposal of Fixed Assets	-	-	0.0
Other Extraordinary Charges	3.1	2.6	2.8
Extraordinary Charges	6.3	5.5	3.2
Income Taxes	6.3	4.9	4.2
Adjustment of Income Taxes and Write-Back of Tax Provisions	-	4.7	90.4
Income Taxes	6.3	0.2	-86.1
Return on Capital	-	-	278.3
Administrators or Managers	0.5	0.4	0.5
Other Beneficiaries	12.7	8.0	8.3
Profit to be Distributed	13.2	8.4	287.1
Employees	566	604	561

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009
Filed Currency	EUR	EUR	EUR
Exchange Rate	0.770327	0.745406	0.696986
Consolidated	No	No	No
Intangible Assets	19.5	13.7	13.2
Land & Buildings	2.7	1.9	1.4
Furniture and Vehicles	9.9	14.2	16.3
Other Tangible Assets	0.6	0.8	1.0
Assets Under Construction and Advance Payments	8.4	9.2	6.8
Tangible Assets	21.5	26.0	25.5
Participating Interests	14,426.8	14,896.2	15,922.8
Affiliated Enterprises	14,426.8	14,896.2	15,922.8
Participating Interests	12.6	13.1	14.0
Other Enterprises Linked by Participating Interests	12.6	13.1	14.0
Shares	0.0	0.0	0.0
Amounts Receivable and Cash Guarantees	0.2	0.1	0.1
Other Capital Assets	0.2	0.1	0.1
Capital Assets	14,439.7	14,909.4	15,936.9
Fixed Assets	14,480.7	14,949.1	15,975.7
Raw Materials and Consumables	456.5	457.7	606.9
Finished Goods	512.1	468.7	466.1
Stocks	968.6	926.4	1,073.0
Inventory and Orders in Progress	968.6	926.4	1,073.0
Trade Debtors	3,279.4	2,863.0	2,309.5
Other Amounts Receivable	225.1	243.2	218.0
Amounts Receivable Within One Year	3,504.6	3,106.2	2,527.5
Liquid Assets	0.4	0.2	0.2
Adjustment Accounts	35.7	4.0	5.6
Current Assets	4,509.3	4,036.8	3,606.3
Total Assets	18,989.9	18,985.8	19,582.0
Issued Capital	1,412.2	1,459.5	1,560.8
Capital	1,412.2	1,459.5	1,560.8
Paid-In Capital	916.3	946.9	1,012.7
Legal Reserve	141.2	145.9	156.1
Reserves Available for Distribution	96.5	99.8	106.7
Reserves	237.8	245.7	262.8
Other Liabilities and Charges	30.6	43.6	43.1
Provisions for Liabilities and Charges	30.6	43.6	43.1
Provisions and Deferred Taxes	30.6	43.6	43.1
Capital and Reserves	5,841.1	6,408.2	6,817.3
Current Portion of Amounts Payable After More Than One Year	0.0	0.0	0.0
Credit Institutions	0.2	3.4	9.0
Financial Debts	0.2	3.4	9.0
Suppliers	2,793.7	2,652.4	2,294.5
Trade Debts	2,793.7	2,652.4	2,294.5
Taxes	90.5	68.2	88.6
Remuneration and Social Security	14.8	15.6	15.2
Taxes, Wages, and Social Security	105.3	83.7	103.7
Other Amounts Payable	10,166.6	9,738.8	10,261.0
Amounts Payable Within One Year	13,065.8	12,478.3	12,668.3
Adjustment Accounts	52.5	55.7	53.2
Creditors	13,118.3	12,534.1	12,721.5
Total Liabilities + Shareholders' Equity	18,989.9	18,985.8	19,582.0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.85
UK Pound	1	Rs.85.25
Euro	1	Rs.71.72

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.