MIRA INFORM REPORT

Report Date :

30.07.2013

IDENTIFICATION DETAILS

Name :	ETABLISSEMENTS J ROSTAING

Registered Office :	GT Securite 17 Av Charles De Gaulle 01800 Villieu Loyes Mollon

Country :	France

Financials (as on) :	31.12.2011

Date of Incorporation :	June 1959

Com. Reg. No.:	RCS Bourg-En-Bresse 5 759 200 405

Legal Form :	Public limited company with board of directors

Line of Business :	Other manufacturing

No. of Employees :	20 to 49 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

France

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

Company name and address

Top of Form


	Name	ETABLISSEMENTS J ROSTAING	SIRET	759 200 405 00018

Personal comment

company summary

Trade name	G.T. SECURITE
EUR VAT Number	FR02759200405
Activity (APE)	Other manufacturing n.e.c.. (3299Z)	Legal form	Public limited company with board of directors
Phone	04 74 46 07 10	RCS Registration	RCS Bourg-En-Bresse 5 759 200 405
Fax	04 74 61 34 43	Share capital	200,000 Euros
Address	ETABLISSEMENTS J ROSTAING GT SECURITE 17 AV CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON	Incorporated Date	06/1959
Nationality	France	Status	Economically active


	The net turnover is 21,247,651 €

No social security and tax office preferential right to date

Current Directors

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	21,247,651 €	18,497,494 €	16,598,524 €
Gross Operating Surplus	3,52 % Turnover	2,15 % Turnover	2,10 % Turnover
Shareholders’ equity	4,170,830 €	3,862,138 €	3,788,728 €
Net result	359,079 €	174,183 €	135,166 €
Employees	20 to 49 employees	-	-

	Trends
	Profitability
	Liquidity
	Net worth

company details

Company details

Activity (APE)	Autres activités manufacturières n.c.a. (3299Z)
RCS Registration	RCS Bourg-En-Bresse 5 759 200 405	Share capital	200,000 Euros
Registration Court	Bourg-En-Bresse (01)	Legal form	Public limited company with board of directors
Court Registry Number	19 5 9B000	EUR VAT Number	FR02759200405
Incorporation Date	06/1959	Formation Date	01/1959
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Trade name	G.T. SECURITE
Activity (APE)	Fabrication d'autres vêtements et accessoires (1419Z)	Business Pages FT®
Postal Address	ETABLISSEMENTS J ROSTAING GT SECURITE 17 AV CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON	Trading Address	17 AVENUE CHARLES DE GAULLE 01800 VILLIEU LOYES MOLLON
Telephone	04 74 46 07 10
Fax	04 74 61 34 43

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

Department	Ain (01)	Region	Rhône-Alpes
District	2	Area	19
City	VILLIEU LOYES MOLLON	Size of urban area	Establishment in a rural municipality

Other establishments

	Branches	1 branch entities in this company


	Head office	> ETABLISSEMENTS J ROSTAING <<< - Autres activités manufacturières n.c.a. (3299Z) in VILLIEU LOYES MOLLON (01800)

	Secondary establishments	> ETABLISSEMENTS J ROSTAING - Autres activités manufacturières n.c.a. (3299Z) in AMBERIEU EN BUGEY (01500)

	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

20 to 49 employees

Company workforce

20 to 49 employees

accounts

Judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	22/11/2007
Status of Monitoring	No social security and tax office preferential right to date

Group data

Linkages

No linked companies

Consolidated Accounts

Active Account | Passive Account | Account Results | Consolidation

Synthesized Accounts

Annual Accounts	31/12/2011	31/12/2009
Account period (month)	12	12
Account Type	Consolidated	Consolidated
Activity Code	3299Z	3299Z

Active account

Annual Accounts	31/12/2011		31/12/2009
Capital not called	0	0%	0
Total fixed assets	3 839 000	19,4%	3 216 000
- Intangible assets	586 000	41,9%	413 000
- Tangible assets	3 020 000	20,8%	2 501 000
- Financial assets	233 000	-22,8%	302 000
Net current assets	13 853 000	40,1%	9 886 000
- Stocks	9 645 000	78,2%	5 413 000
- Advanced payments	7 000	16,7%	6 000
- Receivables	2 607 000	0,9%	2 585 000
- Securities and cash	1 594 000	-15,3%	1 882 000
Accounts of regularization	0	0%	0
Total Assets	17 692 000	35,1%	13 100 000

Passive Account

Annual Accounts	31/12/2011		31/12/2009
Shareholders' equity	10 387 000	13,5%	9 152 000
Share capital	200 000	0%	200 000
Other capital resources	212 000	32,5%	160 000
Risk Provisions	580 000	95,9%	296 000
Liabilities	6 446 000	84,6%	3 492 000
- Financial liabilities	931 000	6550,0%	14 000
- Advanced payments received	201 000	6600%	3 000
- Trade account payables	3 476 000	54,5%	2 250 000
- Tax and social liabilities	1 146 000	33,7%	857 000
- Other debts and fixed assets liabilities	681 000	90,8%	357 000
Account regularization	11 000	0%	11 000
Total liabilities	17 692 000	35,1%	13 100 000

Results

Annual Accounts	31/12/2011		31/12/2009
Sales of Goods	23 660 000	54,3%	15 334 000
Net turnover	21 969 000	32,4%	16 595 000
- of which net export turnover	0	0%	0
Operating charges	22 319 000	56,3%	14 280 000
Operating profit/loss	1 341 000	27,2%	1 054 000
Financial income	331 000	6,8%	310 000
Financial charges	357 000	-2,2%	365 000
Financial profit/loss	-26 000	52,7%	-55 000
Pretax net operating income	1 315 000	31,6%	999 000
Extraordinary income	281 000	62,4%	173 000
Extraordinary charges	324 000	305,0%	80 000
Extraordinary profit/loss	-43 000	-146,2%	93 000

Consolidation

Annual Accounts	31/12/2011		31/12/2009
Net result before amortisation of goodwill	944 000	-0,7%	951 000
Goodwill amortisation allocation	0	0%	0
Net result of equity affiliates companies	0	0%	0
Net result of integrated companies	0	0%	0
Group result (consolidated net result)	944 000	-0,8%	952 000
Share of minority interest (Result except group)	-9 000	0%	0
Net result - group share (part of parent company)	954 000	0,2%	952 000

Display parameter
Currency	Euro	Kilo Euro

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

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2009
Grand Total (I to VI)	Net	17 692 000	35,1%	13 100 000
Gross	CO	21 518 000	36,3%	15 787 000
Amortisation	1A	3 826 000	42,4%	2 687 000

Capital subscribed not called (I)

			31/12/2011		31/12/2009
	Capital suscribed not called (I)	AA3	0	0%	0

Active fixed asset (II)

		31/12/2011		31/12/2009
Total Active fixed asset (II)	Net	3 839 000	19,4%	3 216 000
Gross	BJ	7 098 000	23,4%	5 751 000
Amortisation	BK	3 259 000	28,6%	2 535 000

Intangilble fixed assets

		31/12/2011		31/12/2009
Start-up cost	Net	0	0%	0
Gross	AB	0	0%	0
Amortisation	AC	0	0%	0
R&D expenses	Net	0	0%	0
Gross	CX	0	0%	0
Amortisation	AE	0	0%	0
Distributorships, patents	Net	339 000	3,0%	329 000
Gross	AF	434 000	8,8%	399 000
Amortisation	AG	95 000	35,7%	70 000
Goodwill	Net	84 000	0%	84 000
Gross	AH	84 000	0%	84 000
Amortisation	AI	0	0%	0
Other intangible fixed assets	Net	163 000	0%	0
Gross	AJ	163 000	0%	0
Amortisation	AK	0	0%	0
Pre-payments and downpayments	Net	0	0%	0
Gross	AL	0	0%	0
Amortisation	AM	0	0%	0

Tangilble fixed assets

		31/12/2011		31/12/2009
Acquisition difference	Net	0	0%	0
Gross	A11	0	0%	0
Amortisation	A12	0	0%	0
Goodwill	Net	0	0%	0
Gross	A21	0	0%	0
Amortisation	A22	0	0%	0
Difference from the first consolidation	Net	0	0%	0
Gross	A31	0	0%	0
Amortisation	A32	0	0%	0
Lands	Net	5 000	0%	5 000
Gross	AN	38 000	0%	38 000
Amortisation	AO	33 000	0%	33 000
Buildings	Net	1 093 000	6,8%	1 023 000
Gross	AP	1 795 000	13,2%	1 585 000
Amortisation	AQ	702 000	24,9%	562 000
Plant	Net	1 492 000	37,4%	1 086 000
Gross	AR	3 159 000	34,4%	2 351 000
Amortisation	AS	1 667 000	31,8%	1 265 000
Other tangible fixed assets	Net	322 000	3,2%	312 000
Gross	AT	1 043 000	19,1%	876 000
Amortisation	AU	721 000	27,8%	564 000
Fixed assets in construction	Net	108 000	44,0%	75 000
Gross	AV	108 000	44,0%	75 000
Amortisation	AW	0	0%	0
Advances and payments on account	Net	0	0%	0
Gross	AX	0	0%	0
Amortisation	AY	0	0%	0

Financial assets

		31/12/2011		31/12/2009
Associates at equity	Net	0	0%	0
Gross	CS	0	0%	0
Amortisation	CT	0	0%	0
Other participations	Net	0	0%	67 000
Gross	CU	40 000	-63,0%	108 000
Amortisation	CV	40 000	-2,4%	41 000
Inter-company receivables	Net	0	0%	0
Gross	BB	0	0%	0
Amortisation	BC	0	0%	0
Other investment securities	Net	0	0%	0
Gross	BD	0	0%	0
Amortisation	BE	0	0%	0
Loans	Net	0	0%	0
Gross	BF	0	0%	0
Amortisation	BG	0	0%	0
Other financial assets	Net	233 000	-0,9%	235 000
Gross	BH	234 000	-0,4%	235 000
Amortisation	BI	1 000	0%	0
Other financial assets	Net	0	0%	0
Gross	A41	0	0%	0
Amortisation	A42	0	0%	0

Current Assets (III)

		31/12/2011		31/12/2009
Total Assets	Net	13 853 000	40,1%	9 886 000
Gross	CJ	14 420 000	43,7%	10 037 000
Amortisation	CK	567 000	275,5%	151 000

Stocks

		31/12/2011		31/12/2009
Raw materials	Net	2 899 000	48,2%	1 956 000
Gross	BL	2 964 000	46,3%	2 026 000
Amortisation	BM	65 000	-7,1%	70 000
Work in progress (goods)	Net	0	0%	0
Gross	BN	0	0%	0
Amortisation	BO	0	0%	0
Work in progress (services)	Net	0	0%	0
Gross	BP	0	0%	0
Amortisation	BQ	0	0%	0
Semi-finished and finished products	Net	6 355 000	102,5%	3 139 000
Gross	BR	6 355 000	102,5%	3 139 000
Amortisation	BS	0	0%	0
Goods for resale	Net	391 000	23,0%	318 000
Gross	BT	820 000	157,9%	318 000
Amortisation	BU	429 000	0%	0

Advance payments to suppliers

		31/12/2011		31/12/2009
Advance payments to suppliers	Net	7 000	16,7%	6 000
Gross	BV	7 000	16,7%	6 000
Amortisation	BW	0	0%	0

Debtors

		31/12/2011		31/12/2009
Trade accounts receivable	Net	1 061 000	10,9%	957 000
Gross	BX	1 134 000	9,2%	1 038 000
Amortisation	BY	73 000	-9,9%	81 000
Other debtors	Net	1 384 000	-7,7%	1 499 000
Gross	BZ	1 384 000	-7,7%	1 499 000
Amortisation	CA	0	0%	0
Capital subscribed and called up	Net	0	0%	0
Gross	CB	0	0%	0
Amortisation	CC	0	0%	0

Divers

		31/12/2011		31/12/2009
Investment securities	Net	0	0%	0
Gross	CD	0	0%	0
Amortisation	CE	0	0%	0
Cash and cash equivalents	Net	1 594 000	-15,3%	1 882 000
Gross	CF	1 594 000	-15,3%	1 882 000
Amortisation	CG	0	0%	0

Prepaid expenses

		31/12/2011		31/12/2009
Prepaid expenses	Net	162 000	25,6%	129 000
Gross	CH	162 000	25,6%	129 000
Amortisation	CI	0	0%	0

Equalization accounts (IV to VI)

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

References

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

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2009
	Grand Total (I to IV)	EE	17 692 000	35,1%	13 100 000

Shareholder Equity (I)

		31/12/2011		31/12/2009
Total shareholders' equity (Total I)	DL	10 387 000	13,5%	9 152 000
Equity and shareholders' equity	DA	200 000	0%	200 000
Issue and merger premiums	DB	0	0%	0
Revaluation differentials	DC	0	0%	0
Of which equity differential	EK	0	0%	0
Legal reserve	DD	0	0%	0
Statutory or contractual reserve	DE	0	0%	0
Special regulated reserves	DF	0	0%	0
Other reserves	DG	9 980 000	17,1%	8 522 000
Profits or losses brought forward	DH	0	0%	0
Conversion differences	P1	-747 000	-43,1%	-522 000
Net result - group part	P2	954 000	0,2%	952 000
Investment grants	DJ	0	0%	0
Special tax-allowable reserves	DK	0	0%	0

Other capital resources (II)

		31/12/2011		31/12/2009
Total other capital resources (Total II)	DO	212 000	32,5%	160 000
Income from participating securities	DM	0	0%	0
Conditional loans	DN	212 000	32,5%	160 000
Others	P3	0	0%	0

Provisions for risks and charges (III)

		31/12/2011		31/12/2009
Total provisions for risks and charges (Total III)	DR	580 000	95,9%	296 000
Conversion differences	P4	21 000	0%	0
In reserves	P5	55 000	0%	0
In results	P6	-9 000	0%	0
Total III	P7	67 000	0%	0
Delayed tax	P8	89 000	0%	0
Acquisition differences	P9	0	0%	0
Risk provisions	DP	491 000	65,9%	296 000
Reserves for charges	DQ	0	0%	0

Liabilities (IV)

		31/12/2011		31/12/2009
Total Liabilities (Total IV)	EC	6 446 000	84,6%	3 492 000
Convertible debentures	DS	0	0%	0
Other debentures	DT	0	0%	0
Bank loans and liabilities	DU	800 000	5614,3%	14 000
Sundry loans and financial liabilities	DV	131 000	0%	0
Of which participating loans	EI	0	0%	0
Advance payments received for current orders	DW	201 000	6600%	3 000
Trade accounts payables	DX	3 476 000	54,5%	2 250 000
Tax and social security liabilities	DY	1 146 000	33,7%	857 000
Fixed asset liabilities	DZ	0	0%	0
Other debts	EA	681 000	90,8%	357 000

Translation loss (V)

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

Equalization accounts

			31/12/2011		31/12/2009
	Deferred income	EB	11 000	0%	11 000

References

		31/12/2011		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0
Deferred income and liabilities	EG	0	0%	0
Of which current bank facilities	EH	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2009
	Operating result (Total I-II)	GG	1 341 000	27,2%	1 054 000

2 - Financial result (V - VI)

			31/12/2011		31/12/2009
	Financial result (Total V-VI)	GV	-26 000	52,7%	-55 000

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

			31/12/2011		31/12/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1 315 000	31,6%	999 000

4 - Extraordinary result (VII-VIII)

			31/12/2011		31/12/2009
	Extraordinary result (Total VII-VIII)	HI	-43 000	-146,2%	93 000

Consolidation

		31/12/2011		31/12/2009
Delayed tax	R1	83 000	1137,5%	-8 000
Net result before amortisation of acquisition differences	R2	944 000	-0,7%	951 000
Endowment to amortisation of acquisition differences	R3	0	0%	0
Net result of companies set in equivalence	R4	0	0%	0
Net result of integrated companies	R5	0	0%	0
Group result (consolidated net result)	R6	944 000	-0,8%	952 000
Cross-reference : equipment leasing	R7	-9 000	0%	0
Cross-reference : property leasing	R8	954 000	0,2%	952 000

Operating income (I)

			31/12/2011		31/12/2009
	Total operating income (Total I)	FR	23 660 000	54,3%	15 334 000

Operating income (details)

		31/12/2011		31/12/2009
Sale of goods for resale	FC	0	0%	0
France	FA	0	0%	0
Export	FB	0	0%	0
Sale of goods produced	FF	21 969 000	32,4%	16 595 000
France	FD	21 969 000	32,4%	16 595 000
Export	FE	0	0%	0
Sale of services	FI	0	0%	0
France	FG	0	0%	0
Export	FH	0	0%	0
Net turnover	FL	21 969 000	32,4%	16 595 000
France	FJ	21 969 000	32,4%	16 595 000
Export	FK	0	0%	0
Stocked production	FM	1 540 000	208,1%	-1 425 000
Self-constructed assets	FN	0	0%	0
Operating grants	FO	2 000	-77,8%	9 000
Release of reserves and provisions	FP	149 000	-3,9%	155 000
Other income	FQ	0	0%	0

Operating charges (II)

			31/12/2011		31/12/2009
	Total operating charges (Total II)	GF	22 319 000	56,3%	14 280 000

Exploitation charges

		31/12/2011		31/12/2009
Purchase of goods for resale	FS	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0
Purchase of raw materials	FU	11 550 000	83,7%	6 286 000
Change in stocks of raw materials	FV	-182 000	-119,5%	933 000
Other external purchases and charges	FW	5 089 000	49,9%	3 394 000
Tax, duty and similar payments	FX	308 000	47,4%	209 000
Payroll	FY	3 894 000	66,9%	2 333 000
Social security costs	FZ	871 000	30,6%	667 000

Depreciation

		31/12/2011		31/12/2009
Depreciation of fixed assets	GA	743 000	68,1%	442 000
Amortisation of fixed assets	GB	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0
Provisions for risks and charges	GD	0	0%	0

Other charges

			31/12/2011		31/12/2009
	Other charges	GE	46 000	187,5%	16 000

Operating charges (III-IV)

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

Financial income (V)

		31/12/2011		31/12/2009
Total financial income (Total V)	GP	331 000	6,8%	310 000
Share financial income	GJ	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0
Other interest and similar income	GL	17 000	183,3%	6 000
Released provisions and transferred charges	GM	1 000	0%	0
Exchange gains	GN	313 000	3,0%	304 000
Net income from disposal of investment securities	GO	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2009
Total financial charge (Total VI)	GU	357 000	-2,2%	365 000
Financial reserves and provisions	GQ	3 000	0%	0
Interest and similar charges	GR	158 000	36,2%	116 000
Exchange losses	GS	196 000	-21,3%	249 000
Net loss from disposal of investment securities	GT	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2009
Total extraordinary income (Total VII)	HD	281 000	62,4%	173 000
Extraordinary operating income	HA	204 000	21,4%	168 000
Extraordinary income from capital transactions	HB	77 000	1440,0%	5 000
Released provisions and transferred charges	HC	0	0%	0

Extraordinary charges (VIII)

		31/12/2011		31/12/2009
Total extraordinary charges (Total VIII)	HH	324 000	305,0%	80 000
Extraordinary operating charges	HE	44 000	-25,4%	59 000
Extraordinary charges from capital transactions	HF	80 000	1500%	5 000
Extraordinary reserves and provisions	HG	200 000	1150,0%	16 000

Employee profit sharing (IX)

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

Tax on profits (X)

			31/12/2011		31/12/2009
	Tax on profits (Total X)	HK	245 000	64,4%	149 000

References

		31/12/2011		31/12/2009
Of which equipment leases	HP	0	0%	0
Of which property leases	HQ	0	0%	0

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

Structure and Liquidity

	31/12/2011		31/12/2009
Fixed Asset Financing	2,17	2,8%	2,11
Global Debt	105,63 days	39,4%	75,75 days
Working Capital Fund overall net	135,53 days	-2,5%	138,97 days
Financial independence	1298,38%	-98,0%	65371,43%
More ratios
Solvability	59,91%	-15,7%	71,08%

Management or rotation

	31/12/2011		31/12/2009
Need background in operating working capital	108,04 days	13,0%	95,62 days
Treasury	26,12 days	-36,0%	40,83 days
Inventory turnover of goods	0 days	0%	0 days
More ratios
Inventory turnover of raw materials in industrial enterprises	92,38 days	-20,4%	116,03 days
Inventory turnover of intermediate and finished products in the industrial enterprise	0 days	0%	0 days

Profitability of the business

	31/12/2011		31/12/2009
Margin trading	0%	0%	0%
Profitability of the business	9,02	10,3%	8,18
More ratios
Rates integration	32,10%	16,9%	27,46%
Rate leasing furniture	0%	0%	0%
Weight interests	1,63	-25,9%	2,20%

Return on capital

	31/12/2011		31/12/2009
Rates of economic profitability	17,18%	18,1%	14,55%

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
04/09/2012	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 34 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine, Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Co-commissaire aux comptes suppléant : ELLUL Herve. Activité : . Commentaires : Modification survenue sur l'administration.
20/08/2012	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 897 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
20/08/2012	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 898 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
26/07/2012	JAL	Resignation / Revocation of the social representative

Ain Agricole (L ) Date de décision : 14/05/2012 La société 759200405 - ETABLISSEMENTS J ROSTAING, G.T. SECURITE, 17 AV CHARLES DE GAULLE, 01800 VILLIEU LOYES MOLLON Fait l'objet du départ de Madame Hélène ROSTAING
03/10/2011	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 560 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
27/09/2010	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 275 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
27/09/2010	Bodacc C	Comptes annuels, consolidés et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 276 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
18/08/2010	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 20 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine, Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Administrateur : ROSTAING Hélène, Augustine né(e) PHILIBERT Commissaire aux comptes titulaire : GRANT THORNTON (SACA) Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Commissaire aux comptes suppléant : IGEC (SACA) Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
19/08/2009	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 318 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
18/08/2009	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 15 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-Auguste Directeur général délégué : BRAZIER Catherine Marie né(e) ROSTAING Directeur général délégué et administrateur : ROSTAING Stéphane Directeur général délégué et administrateur : ROSTAING Jacques Administrateur : ROSTAING Hélène Augustine né(e) PHILIBERT Commissaire aux comptes titulaire : FIDULOR Commissaire aux comptes suppléant : VILMINT Jean-Marie Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL) Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
21/08/2008	Bodacc C	Comptes annuels et rapports

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 190 - 759200405 RCS. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Adresse : 1800 Villieu. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
27/04/2008	Bodacc B	Modification et mutation diverse

01 - AIN GREFFE DU TRIBUNAL DE COMMERCE DE BOURG-EN-BRESSE 75 - 759 200 405 RCS Bourg-en-Bresse. ETABLISSEMENTS J ROSTAING. Forme : Société anonyme. Administration : Président directeur général : ROSTAING Jean-AugusteDirecteur général délégué et administrateur : ROSTAING Stéphane. Directeur général délégué et administrateur : ROSTAING Jacques. Administrateur : ROSTAING Hélène Augustine né(e) PHILIBERT. Commissaire aux comptes titulaire : FIDULOR. Commissaire aux comptes suppléant : VILMINT Jean-Marie. Co-commissaire aux comptes titulaire : ACTIAUDIT (SARL). Co-commissaire aux comptes suppléant : ELLUL Herve. Commentaires : Modification survenue sur l'administration.
11/12/2007	Bodacc C	Avis de dépôt des comptes

303 - 759 200 405. RCS Bourg-en-Bresse ETABLISSEMENTS J ROSTAING. Forme: Société anonyme. Adresse du siège social: 01800 Villieu. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
28/09/2006	Bodacc C	Avis de dépôt des comptes

84 - RCS Bourg-en-Bresse B 759 200 405. RC 59-B 40. ETABLISSEMENTS J ROSTAING. Forme: S.A. Adresse du siège social: 01800 Villieu-Loyes-Mollon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
25/09/2005	Bodacc C	Avis de dépôt des comptes

170 - RCS Bourg-en-Bresse B 759 200 405. RC 59-B 40. ETABLISSEMENTS J ROSTAING. Forme: S.A. Adresse du siège social: 01800 Villieu-Loyes-Mollon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
17/07/2002	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : ROSTAING (Jean, Auguste). Directeurs généraux délégués et administrateurs : ROSTAING (Stéphane) ROSTAING (Jacques) . Administrateur : PHILIBERT (Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 15 juin 2002.
13/09/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : ROSTAING (Jean, Auguste) ( Nom d'usage : ROSTAING). Administrateurs et directeurs généraux : ROSTAING ( Stéphane) ( Nom d'usage : ROSTAING) ROSTAING (Jacques) ( Nom d'usage : ROSTAING). Administrateur : PHILIBERT ( Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 29 juin 2001.
30/06/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 200 000 euros Nom commercial: G.T. Sécurité. Adresse du siège social : 01800 Villieu-Loyes-Mollon. Commentaires : modification survenue sur le capital ( augmentation et conversion en euros). Date d'effet : 23 avril 2001.
14/06/2001	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759200405 RC 59-B 40 ETABLISSEMENTS J. ROSTAING. Forme : S. A. Capital : 1 000 000 de F Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Commentaires : modification survenue sur l'administration. Administration : P.-D.G. ROSTAING (Jean, Auguste) ( Nom d'usage : ROSTAING). Directeur général : ROSTAING (Jacques) ( Nom d'usage : ROSTAING). Administrateur et directeur général : ROSTAING (Stéphane) ( Nom d'usage : ROSTAING). Administrateur : PHILIBERT ( Hélène, Augustine) ( Nom d'usage : ROSTAING). Commissaire aux comptes titulaire : FIDULOR ( Nom d'usage : FIDULOR). Commissaire aux comptes suppléant : VILMINT (Jean, Marie) ( Nom d'usage : VILMINT). Date d'effet : 2 janvier 2001.
08/10/1998	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse B 759 200 405 RC 59- B 40 ETABLISSEMENTS J. ROSTAING. Forme : S.A. Capital : 1 000 000 de F (fixe) Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Administration : ancien administrateur : Mme BRAZIER (Catherine) nouvel administrateur : ROSTAING (Stéphane) à compter du:30 juin 1998 Ancien directeur général : Mme BRAZIER ( Catherine) nouveau directeur général : ROSTAING (Stéphane). Date d'effet : 1er juillet 1998.
10/09/1995	Bodacc B	Modifications et mutations diverses

RCS Bourg-en-Bresse b 759200405 RC 59-b 40 etablissement j. rostaing. Forme : S.A. Capital : 1 000 000 F (fixe) Nom commercial: G.T. Sécurité. Adresse du siège social : Villieu, 01800 Meximieux. Administration : ancien administrateur : ROSTAING (Lucy). Date d'effet : 12 mai 1995.

Company events history

Date	Description
18/07/2013	Update Limit
18/07/2013	Update Rating
27/05/2013	Extension of term
27/05/2013	Application and court order
04/09/2012	Bodacc B: Various editing or changing
30/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
20/08/2012	Bodacc C : Deposit accounts notice
17/08/2012	Minutes of Board meeting
17/08/2012	Changes to the Board of Directors
26/07/2012	Legal Gazette: Resignation / Revocation of the social representative
28/04/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
31/12/2011	New consolidated accounts available
03/10/2011	Bodacc C : Deposit accounts notice
22/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
06/05/2011	New participations in other companies
31/12/2010	New accounts available
27/09/2010	Bodacc C : Deposit accounts notice
18/08/2010	Bodacc B: Various editing or changing
30/07/2010	Minutes of general meeting of shareholders
30/07/2010	New auditor
31/12/2009	Update of Company Workforce
31/12/2009	Update of Company Activity
31/12/2009	Modification of Company Activity
31/12/2009	New accounts available
31/12/2009	New consolidated accounts available
19/08/2009	Bodacc C : Deposit accounts notice
18/08/2009	Bodacc B: Various editing or changing
31/07/2009	Amendment
31/07/2009	Minutes of Board meeting
31/07/2009	PV du Conseil d'Administration
31/07/2009	Appointment/resignation of company officers
31/07/2009	Private document
31/07/2009	Modification du Conseil d'Administration
31/12/2008	New accounts available
15/09/2008	Payment incident closed
21/08/2008	Bodacc C : Deposit accounts notice
12/08/2008	Payment incident detected
27/04/2008	New Bodacc B ads detected
27/04/2008	Bodacc B: Various editing or changing
21/04/2008	Private document
21/04/2008	Appointment/resignation of company officers
21/04/2008	Minutes of general meeting of shareholders
21/04/2008	New auditor
21/04/2008	PV d'Assemblée
31/12/2007	New accounts available
22/11/2007	Collection of preferential rights activated for this company
31/12/2006	New accounts available
31/12/2005	New accounts available
23/09/2005	Private document
23/09/2005	Minutes of general meeting of shareholders
23/09/2005	Statuts mis à jour
23/09/2005	Updated articles of association
23/09/2005	Acte sous seing privé
23/09/2005	PV d'Assemblée
31/12/2004	New accounts available
15/07/2004	Acte sous seing privé
15/07/2004	Private document
15/07/2004	Minutes of general meeting of shareholders
15/07/2004	PV d'Assemblée
15/07/2004	Acte modificatif
15/07/2004	Amendment
31/12/2003	New accounts available
27/06/2002	Acte modificatif
27/06/2002	PV d'Assemblée
27/06/2002	Statuts mis à jour
27/06/2002	PV du Conseil d'Administration
27/06/2002	Acte sous seing privé
27/06/2002	Modification du Conseil d'Administration
22/08/2001	PV d'Assemblée
22/08/2001	Acte sous seing privé
22/08/2001	Nomination/démission des organes de gestion
22/08/2001	Modification du Conseil d'Administration
12/06/2001	Acte sous seing privé
12/06/2001	Augmentation de Capital
12/06/2001	Conversion du Capital Social en Euros
12/06/2001	Acte modificatif
12/06/2001	Statuts mis à jour
12/06/2001	PV d'Assemblée
18/05/2001	Acte sous seing privé
18/05/2001	PV du Conseil d'Administration
18/05/2001	Acte modificatif
18/05/2001	Nomination/démission des organes de gestion
14/09/1998	PV du Conseil d'Administration
14/09/1998	Acte sous seing privé
14/09/1998	Nomination/démission des organes de gestion
14/09/1998	PV d'Assemblée
14/09/1998	Acte modificatif
14/09/1998	Modification du Conseil d'Administration
26/03/1996	PV d'Assemblée
26/03/1996	Statuts mis à jour
26/03/1996	Acte modificatif
22/08/1995	PV du Conseil d'Administration
22/08/1995	Acte modificatif
22/08/1995	Modification du Conseil d'Administration
11/03/1992	PV du Conseil d'Administration
11/03/1992	Modification du Conseil d'Administration
11/03/1992	Acte modificatif

Establishment events history

Date	Description
30/08/2012	Update Rating
30/08/2012	Update Limit
22/07/2011	Update Limit
06/05/2011	Update Rating
09/11/2010	Update Rating
16/09/2010	Update Rating
16/09/2010	Update Limit
31/12/2009	Modification of Head office
31/12/2009	Update of Establishment Workforce
30/12/2009	Update Rating
10/08/2009	Update Limit
10/08/2009	Update Rating
10/04/2009	Update of phone numbers
15/09/2008	Update Limit
15/09/2008	Update Rating
28/08/2008	Update Rating
28/08/2008	Update Limit
06/08/2008	Update Limit
22/04/2008	Update Rating
16/12/2007	Update Limit
09/12/2007	Update Limit
07/12/2007	Update Limit
17/09/2007	Update Limit
17/09/2007	Update Rating

directors

Name	M. ROSTAING JEAN-AUGUSTE
Manager position	Managing director, President	Date of birth	12/03/1926
Place of birth	VILLIEU - 01
Type	Individual	Name at birth

Name	Mme. BRAZIER CATHERINE MARIE
Manager position	Delegated managing director	Date of birth	29/05/1952
Place of birth	LYON 06 (69)
Type	Individual	Name at birth	ROSTAING

Name	M. ROSTAING STÉPHANE
Manager position	Administrator, Delegated managing director	Date of birth	11/03/1970
Place of birth	LYON 6EME - 69
Type	Individual	Name at birth

Name	M. ROSTAING JACQUES
Manager position	Administrator, Delegated managing director	Date of birth	22/11/1954
Place of birth	LYON 6EME - 69
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chief Executive Officer	M JEAN-AUGUSTE ROSTAING	12/03/1926 - VILLIEU - 01
Administrator	MME HELENE ROSTAING	- - -
Administrator	M STÉPHANE ROSTAING	11/03/1970 - LYON 6EME - 69

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.29
UK Pound	1	Rs.91.18
Euro	1	Rs.78.71

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

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

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

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

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

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

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

MIRA INFORM REPORT

Company name and address

Top of Form

company details

accounts

event history

directors

Unit