MIRA INFORM REPORT

Report Date :

12.09.2013

IDENTIFICATION DETAILS

Name :	SOCIETE COATEX
Registered Office :	Zi Lyon Nord 35 Rue Ampere 69730 Genay
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	December, 1971
Com. Reg. No.:	RCS Lyon B 971 509 070
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Manufacture of plastic materials base (2016Z)
No. of Employees :	200 to 249 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	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 – March, 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
France	A1	A1

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

France - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.8% of GDP in 2012, while France's public debt rose from 68% of GDP to 90% 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 Summary

Name

SOCIETE COATEX

SIRET

971 509 070 00043

Personal comment

company summary

		EUR VAT Number	FR38971509070
Activity (APE)	Manufacture of plastic materials base (2016Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	04 72 08 20 00	RCS Registration	RCS Lyon B 971 509 070
Fax	04 72 08 20 40	Share capital	10,000,000 Euros
Address	SOCIETE COATEX ZI LYON NORD 35 RUE AMPERE 69730 GENAY	Incorporated Date	12/1971
Nationality	France	Status	Economically active

Ultimate Holding Company
Company Name	Company number
ARKEMA	445074685

Current Directors

1

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	122,942,368 €	125,593,035 €	119,121,154 €
Gross Operating Surplus	6,08 % Turnover	6,84 % Turnover	7,55 % Turnover
Shareholders’ equity	58,242,586 €	52,916,572 €	49,419,034 €
Net result	22,475,627 €	17,153,908 €	13,379,740 €
Employees	200 to 249 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Manufacture of plastic materials base (2016Z)
RCS Registration	RCS Lyon B 971 509 070	Share capital	10,000,000 Euros
Registration Court	Lyon (69)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	71 B 00907	EUR VAT Number	FR38971509070
Incorporation Date	12/1971	Formation Date	01/1971
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Ultimate Parent

1 ultimate parent company for this company >  ARKEMA  - Activités des sociétés holding (6420Z)  in COLOMBES  (92700)

Establishment details

Activity (APE)	Manufacture of plastic materials base (2016Z)	Business Pages FT®
Postal Address	SOCIETE COATEX ZI LYON NORD 35 RUE AMPERE 69730 GENAY	Trading Address	35 RUE AMPERE 69730 GENAY
Telephone	04 72 08 20 00
Fax	04 72 08 20 40

Type	Head office	Status	Economically active
Formation Date	04/1985	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Rhône (69)	Region	Rhône-Alpes
District	1	Area	25
City	GENAY	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

Branches	2 branch entities in this company
Head office	> SOCIETE COATEX <<<  - Fabrication de matières plastiques de base (2016Z)  in GENAY  (69730)
Secondary establishments	>  SOCIETE COATEX  - Fabrication de matières plastiques de base (2016Z)  in GENAY  (69730)

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

100 to 199 employees

Company workforce

200 to 249 employees

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2011	31/12/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Deposit date	26/07/2013	14/06/2012	13/07/2011
Activity Code	2016Z	2016Z	2016Z
Employees	230	0	0

Active account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	50 518 032	6,2%	47 548 292	0,3%	47 429 145	551 222	9064,7%
- Intangible assets	3 861 309	-7,7%	4 184 232	35,4%	3 090 980	7 311	52715,1%
- Tangible assets	27 611 898	9,1%	25 302 448	-3,6%	26 255 844	354 978	7678,5%
- Financial assets	19 044 825	5,4%	18 061 612	-0,1%	18 082 321	4 075	467257,7%
Net current assets	30 768 892	1,9%	30 188 440	-1,6%	30 691 861	1 916 957,50	1505,1%
- Stocks	9 274 074	1,5%	9 136 345	-3,2%	9 434 874	376 878,50	2360,8%
- Advanced payments	44 625	1,9%	65 657	8,6%	60 443	0	0%
- Receivables	21 295 688	1,6%	20 960 989	-0,9%	21 156 419	1 259 974,50	1590,2%
- Securities and cash	154 505	507,1%	25 449	-36,6%	40 125	120 414,50	28,3%
- Prepaid expenses	-	-	-	-	-	527	-
Accounts of regularization	46 933	-67,9%	146 250	299,5%	36 605	0	0%
Total Assets	81 333 857	4,4%	77 882 982	-0,4%	78 157 611	3 188 993	2450,5%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	58 242 586	10,1%	52 916 572	7,1%	49 419 034	989 992	5783,1%
Share capital	10 000 000	0%	10 000 000	0%	10 000 000	260 000	3746,2%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	3 269 740	12,8%	2 899 458	1,9%	2 845 813	11 312	28805,1%
Liabilities	19 734 245	-10,0%	21 917 991	-15,3%	25 862 016	1 241 848,50	1489,1%
- Financial liabilities	175 012	283,4%	45 650	-98,6%	3 272 598	120 410	45,3%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	11 773 734	-5,2%	12 414 501	-13,0%	14 267 204	640 473	1738,3%
- Tax and social liabilities	4 463 562	-3,2%	4 609 522	3,0%	4 477 402	229 028	1848,9%
- Other debts and fixed assets liabilities	3 409 223	-31,8%	4 997 277	28,9%	3 875 562	21 550	15720,1%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	81 333 857	4,4%	77 882 980	-0,4%	78 157 613	3 188 992,50	2450,5%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	127 092 763	-1,0%	128 339 361	3,9%	123 576 108	4 447 288	2757,8%
Net turnover	122 942 368	-2,1%	125 593 035	5,4%	119 121 154	4 415 083,50	2684,6%
- of which net export turnover	102 430 932	-5,4%	108 261 815	7,9%	100 329 166	113 504	90144,3%
Operating charges	120 647 848	-0,9%	121 740 865	4,0%	117 093 678	4 378 176,50	2655,7%
Operating profit/loss	6 444 915	-2,3%	6 598 496	1,8%	6 482 430	43 698	14648,8%
Financial income	17 939 091	48,4%	12 084 724	27,0%	9 518 262	5 183,50	345980,7%
Financial charges	613 959	-9,8%	680 678	-35,5%	1 055 263	10 372,50	5819,1%
Financial profit/loss	17 325 132	51,9%	11 404 046	34,8%	8 462 999	-1 638,50	1057477,6%
Pretax net operating income	23 770 047	32,0%	18 002 542	20,5%	14 945 429	33 101	71710,7%
Extraordinary income	898 879	-19,3%	1 114 254	0,9%	1 104 642	16 919	5212,8%
Extraordinary charges	1 408 402	62,8%	865 195	-53,8%	1 874 675	12 831	10876,6%
Extraordinary profit/loss	-509 523	-304,6%	249 059	132,3%	-770 033	0	0%
Net result	22 475 627	31,0%	17 153 908	28,2%	13 379 740	39 310	57075,3%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2011	31/12/2010
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to VI)	Net	81 333 857	4,4%	77 882 982	-0,4%	78 157 611
	Gross	CO	154 459 201	5,3%	146 723 868	2,8%	142 686 218
	Amortisation	1A	73 125 344	6,2%	68 840 886	6,7%	64 528 607

Non declared distributed capital (I)

		31/12/2012		31/12/2011		31/12/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2012		31/12/2011		31/12/2010
	Total Active fixed asset (II)	Net	50 518 032	6,2%	47 548 292	0,3%	47 429 145
	Gross	BJ	123 239 605	6,2%	116 050 634	4,0%	111 534 117
	Amortisation	BK	72 721 573	6,2%	68 502 342	6,9%	64 104 972

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	2 614 442	-9,1%	2 877 037	-3,6%	2 983 785
	Gross	AF	6 296 165	5,3%	5 981 801	5,8%	5 651 496
	Amortisation	AG	3 681 723	18,6%	3 104 764	16,4%	2 667 711
	Goodwill	Net	76 225	0%	76 225	0%	76 225
	Gross	AH	76 225	0%	76 225	0%	76 225
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	1 170 642	-4,9%	1 230 970	3874,7%	30 970
	Gross	AJ	1 230 970	0%	1 230 970	3874,7%	30 970
	Amortisation	AK	60 328	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	3 861 309	-7,7%	4 184 232	35,4%	3 090 980

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	3 863 127	60,6%	2 405 181	-6,5%	2 571 269
	Gross	AN	6 413 479	33,6%	4 799 239	0,2%	4 790 192
	Amortisation	AO	2 550 352	6,5%	2 394 058	7,9%	2 218 923
	Buildings	Net	10 145 813	-1,6%	10 315 501	-10,1%	11 469 518
	Gross	AP	31 287 968	4,4%	29 971 879	1,1%	29 634 886
	Amortisation	AQ	21 142 155	7,6%	19 656 378	8,2%	18 165 368
	Plant	Net	9 772 419	-4,3%	10 213 640	2,7%	9 944 200
	Gross	AR	52 259 047	3,3%	50 604 748	4,8%	48 266 478
	Amortisation	AS	42 486 628	5,2%	40 391 108	5,4%	38 322 278
	Other tangible fixed assets	Net	577 560	13,4%	509 441	-5,9%	541 281
	Gross	AT	3 377 947	2,0%	3 311 101	6,2%	3 117 599
	Amortisation	AU	2 800 387	0,0%	2 801 660	8,7%	2 576 318
	Fixed assets in construction	Net	3 252 979	75,0%	1 858 685	11,4%	1 668 076
	Gross	AV	3 252 979	75,0%	1 858 685	11,4%	1 668 076
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	61 500
	Gross	AX	0	0%	0	0%	61 500
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	27 611 898		25 302 448		26 255 844

Financial assets

			31/12/2012		31/12/2011		31/12/2010
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	18 849 616	4,6%	18 028 216	0%	18 028 216
	Gross	CU	18 849 616	3,7%	18 182 590	0%	18 182 590
	Amortisation	CV	0	0%	154 374	0%	154 374
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	169 528	2081,0%	7 773	-75,0%	31 092
	Gross	BF	169 528	0%	7 773	0%	31 092
	Amortisation	BG	0		0		0
	Other financial assets	Net	25 681	0,2%	25 623	11,3%	23 013
	Gross	BH	25 681	0,2%	25 623	11,3%	23 013
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		19 044 825		18 061 612		18 082 321

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	30 768 892	1,9%	30 188 440	-1,6%	30 691 861
	Gross	CJ	31 172 663	2,1%	30 526 984	-1,9%	31 115 496
	Amortisation	CK	403 771	19,3%	338 544	-20,1%	423 635

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	3 946 362	9,2%	3 612 992	2,6%	3 520 584
	Gross	BL	4 125 783	9,3%	3 774 988	5,8%	3 568 335
	Amortisation	BM	179 421	10,8%	161 996	239,3%	47 751
	Work in progress (goods)	Net	170 544	-20,2%	213 608	25,3%	170 532
	Gross	BN	170 544	-20,2%	213 608	25,3%	170 532
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	0	0%	0
	Gross	BP	0	0%	0	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	5 034 449	-2,1%	5 141 947	-6,4%	5 496 275
	Gross	BR	5 210 845	-1,7%	5 300 116	-7,2%	5 710 250
	Amortisation	BS	176 396	11,5%	158 169	-26,1%	213 975
	Goods for resale	Net	122 719	-26,9%	167 798	-32,2%	247 483
	Gross	BT	122 719	-26,9%	167 798	-32,2%	247 483
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	9 274 074	1,5%	9 136 345	-3,2%	9 434 874

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	44 625	-32,0%	65 657	8,6%	60 443
	Gross	BV	44 625	-32,0%	65 657	8,6%	60 443
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	17 074 856	-0,9%	17 228 811	-0,1%	17 245 036
	Gross	BX	17 122 810	-0,7%	17 247 190	-0,9%	17 406 945
	Amortisation	BY	47 954	160,9%	18 379	-88,6%	161 909
	Other debtors	Net	4 071 765	12,4%	3 622 607	-0,8%	3 653 622
	Gross	BZ	4 071 765	12,4%	3 622 607	-0,8%	3 653 622
	Amortisation	CA	0	0%	0	0%	0
	Capital subscribed and called up	Net	0	0%	0	0%	0
	Gross	CB	0	0%	0	0%	0
	Amortisation	CC	0	0%	0	0%	0
	Sub Total Debtors	Net	21 146 621	1,4%	20 851 418	-0,2%	20 898 658

Divers

			31/12/2012		31/12/2011		31/12/2010
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	154 505	507,1%	25 449	-36,6%	40 125
	Gross	CF	154 505	507,1%	25 449	-36,6%	40 125
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	154 505	507,1%	25 449	-36,6%	40 125

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	149 067	36,0%	109 571	-57,5%	257 761
	Gross	CH	149 067	36,0%	109 571	-57,5%	257 761
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2011		31/12/2010
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	46 933	-67,9%	146 250	299,5%	36 605
Gross		46 933	-67,9%	146 250	299,5%	36 605

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2011		31/12/2010
Grand Total (I to V)	EE	81 333 857	4,4%	77 882 980	-0,4%	78 157 613

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	58 242 586	10,1%	52 916 572	7,1%	49 419 034
	Equity and shareholders' equity	DA	10 000 000	0%	10 000 000	0%	10 000 000
	Issue and merger premiums	DB	8 705 813	0%	8 705 813	0%	8 705 813
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	1 003 000	0%	1 003 000	0%	1 003 000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	9 290 702	0,0%	9 286 793	0,0%	9 286 053
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	2 076 534	0%	2 076 534	0%	2 076 534
	Profit or loss for the period	DI	22 475 627	31,0%	17 153 908	28,2%	13 379 740
	Investment grants	DJ	15 063	-27,4%	20 761	-21,6%	26 494
	Special tax-allowable reserves	DK	4 675 847	0,1%	4 669 763	-5,5%	4 941 400

Other capital resources (II)

			31/12/2012		31/12/2011		31/12/2010
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2012		31/12/2011		31/12/2010
	Total provisions for risks and charges (Total III)	DR	3 269 740	12,8%	2 899 458	1,9%	2 845 813
	Risk provisions	DP	373 696	-19,5%	464 250	18,6%	391 605
	Reserves for charges	DQ	2 896 044	18,9%	2 435 208	-0,8%	2 454 208

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	19 734 245	-10,0%	21 917 991	-15,3%	25 862 016
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	141 382	17354,6%	810	-75,1%	3 255
	Sundry loans and financial liabilities	DV	33 630	-25,0%	44 840	-98,6%	3 269 343
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	11 773 734	-5,2%	12 414 501	-13,0%	14 267 204
	Tax and social security liabilities	DY	4 463 562	-3,2%	4 609 522	3,0%	4 477 402
	Fixed asset liabilities	DZ	2 603 348	-24,1%	3 430 980	365,0%	737 850
	Other debts	EA	718 589	-49,3%	1 417 338	-54,4%	3 106 962

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	87 286	-41,4%	148 959	384,4%	30 750

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2012		31/12/2011		31/12/2010
Operating result (Total I-II)	GG	6 444 915	-2,3%	6 598 496	1,8%	6 482 430

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	17 325 132	51,9%	11 404 046	34,8%	8 462 999

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

		31/12/2012		31/12/2011		31/12/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	23 770 047	32,0%	18 002 542	20,5%	14 945 429

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	-509 523	-304,6%	249 059	132,3%	-770 033

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	22 475 627	31,0%	17 153 908	28,2%	13 379 740

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	145 930 733	3,1%	141 538 339	5,5%	134 199 012

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

		31/12/2012		31/12/2011		31/12/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	123 455 106	-0,7%	124 384 430	3,0%	120 819 270

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	127 092 763	-1,0%	128 339 361	3,9%	123 576 108

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	39 504 208	-7,8%	42 851 017	13,6%	37 719 326
	France	FA	769 488	-3,6%	798 512	319,5%	190 329
	Export	FB	38 734 720	-7,9%	42 052 505	12,1%	37 528 997
	Sale of goods produced	FF	81 375 001	1,0%	80 579 852	1,5%	79 353 592
	France	FD	19 514 759	19,9%	16 273 602	-11,3%	18 338 822
	Export	FE	61 860 242	-3,8%	64 306 250	5,4%	61 014 770
	Sale of services	FI	2 063 159	-4,6%	2 162 166	5,6%	2 048 236
	France	FG	227 189	-12,3%	259 106	-1,4%	262 837
	Export	FH	1 835 970	-3,5%	1 903 060	6,6%	1 785 399
	Net turnover	FL	122 942 368	-2,1%	125 593 035	5,4%	119 121 154
	France	FJ	20 511 436	18,3%	17 331 220	-7,8%	18 791 988
	Export	FK	102 430 932	-5,4%	108 261 815	7,9%	100 329 166
	Stocked production	FM	-177 413	60,3%	-446 744	-126,4%	1 692 569
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	8 569	-76,9%	37 136	-9,9%	41 214
	Release of reserves and provisions	FP	768 939	-18,8%	946 396	158,5%	366 103
	Other income	FQ	3 550 300	60,7%	2 209 538	-6,2%	2 355 068

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	120 647 848	-0,9%	121 740 865	4,0%	117 093 678

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	31 536 104	-7,3%	34 033 305	14,5%	29 735 022
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	46 241 641	5,7%	43 751 251	-5,3%	46 179 937
Change in stocks of raw materials	FV	-350 796	-69,8%	-206 653	85,1%	-1 382 580
Other external purchases and charges	FW	18 270 744	-7,6%	19 777 595	4,5%	18 918 005
Tax, duty and similar payments	FX	2 354 361	13,0%	2 083 982	-2,5%	2 137 229
Payroll	FY	10 881 734	4,2%	10 443 794	-2,4%	10 697 350
Social security costs	FZ	6 361 317	-5,2%	6 710 408	20,4%	5 572 467

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	4 635 639	3,9%	4 461 615	-1,5%	4 530 653
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	388 034	17,4%	330 583	17,9%	280 387
Provisions for risks and charges	GD	329 000	54,5%	213 000	-49,9%	425 208

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	70	-100,0%	141 985	0%	0

Operating charges (III-IV)

		31/12/2012		31/12/2011		31/12/2010
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

			31/12/2012		31/12/2011		31/12/2010
	Total financial income (Total V)	GP	17 939 091	48,4%	12 084 724	27,0%	9 518 262
	Share financial income	GJ	16 874 517	45,5%	11 600 000	31,8%	8 800 000
	Other investment income & capitalised receivables	GK	0	0%	0	0%	0
	Other interest and similar income	GL	4 536	-36,3%	7 121	15,2%	6 181
	Released provisions and transferred charges	GM	588 624	1508,0%	36 605	21,6%	30 092
	Exchange gains	GN	471 414	6,9%	440 998	-35,3%	681 989
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2011		31/12/2010
	Total financial charge (Total VI)	GU	613 959	-9,8%	680 678	-35,5%	1 055 263
	Financial reserves and provisions	GQ	46 933	-72,6%	171 250	-52,0%	356 979
	Interest and similar charges	GR	30 079	-14,9%	35 344	-4,3%	36 940
	Exchange losses	GS	536 947	13,3%	474 084	-28,3%	661 344
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary income (Total VII)	HD	898 879	-19,3%	1 114 254	0,9%	1 104 642
	Extraordinary operating income	HA	235 487	189,5%	81 342	2385,2%	3 273
	Extraordinary income from capital transactions	HB	48 207	297,6%	12 125	-55,2%	27 041
	Released provisions and transferred charges	HC	615 185	-39,7%	1 020 787	-5,0%	1 074 328

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	1 408 402	62,8%	865 195	-53,8%	1 874 675
	Extraordinary operating charges	HE	130 699	13,1%	115 595	238,7%	34 126
	Extraordinary charges from capital transactions	HF	160 835	0%	0	0%	0
	Extraordinary reserves and provisions	HG	1 116 868	49,0%	749 600	-59,3%	1 840 549

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	376 082	-23,1%	489 124	30,6%	374 572

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	408 815	-32,8%	608 568	44,5%	421 082

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period
Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	5 246 137	0%	0	0%	3 239 198
	Decreasess by transfers	OK2	590 414	0%	0	0%	127 920
	Gross value at the end of period	OL	123 239 602	0%	0	0%	111 534 118

Research and development Charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	KD	7 288 996	0%	0	0%	5 615 178
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	314 364	0%	0	0%	143 513
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	7 603 360	0%	0	0%	5 758 691

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	90 545 652	0%	0	0%	84 662 632
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	11 560 398	0%	0	0%	6 213 664
	Decreasess by budget item transfer	NG1	5 246 137	0%	0	0%	3 239 198
	Decreasess by transfers	NG2	268 496	0%	0	0%	98 366
	Gross value at the end of period	NH	96 591 417	0%	0	0%	87 538 732

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	18 215 986	0%	0	0%	17 368 503
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	1 150 757	0%	0	0%	897 746
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	321 918	0%	0	0%	29 554
	Gross value at the end of period	NK	19 044 825	0%	0	0%	18 236 695

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

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	3 104 764	0%	0	0%	2 206 049
Increases		PF	637 287	0%	0	0%	461 662
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	3 742 051	0%	0	0%	2 667 711

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	65 243 205	0%	0	0%	57 312 263
Increases		QV	3 998 353	0%	0	0%	4 068 992
Decreases		QW	262 035	0%	0	0%	98 366
	Decreasess by budget item transfer	QX	68 979 523	0%	0	0%	61 282 889

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2011		31/12/2010
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7C	8 062 139	0%	0	0%	6 907 082
Increases		UB	1 880 835	0%	0	0%	2 903 124
Decreases		UC	1 593 617	0%	0	0%	1 444 982
	Value at the end of period	UD	8 349 357	0%	0	0%	8 365 224

Includes Total allocations

Operating	UE	717 034	0%	0	0%	705 595
Financial	UG	46 933	0%	0	0%	356 979
Exceptional	UJ	1 116 868	0%	0	0%	1 840 549

Includes Total Withdrawal

Operating	UF	389 808	0%	0	0%	340 562
Financial	UH	588 624	0%	0	0%	30 092
Exceptional	UK	615 185	0%	0	0%	1 074 328

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	4 669 763	0%	0	0%	4 175 179
Increases		TS	621 269	0%	0	0%	1 840 550
Decreases		TT	615 185	0%	0	0%	1 074 328
	Value at the end of period	TU	4 675 847	0%	0	0%	4 941 401

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	2 899 458	0%	0	0%	2 229 092
Increases		TV	871 532	0%	0	0%	724 813
Decreases		TW	501 250	0%	0	0%	108 092
	Value at the end of period	TX	3 269 740	0%	0	0%	2 845 813

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	492 918	0%	0	0%	502 811
Increases		TY	388 034	0%	0	0%	337 761
Decreases		TZ	477 182	0%	0	0%	262 562
	Value at the end of period	UA	403 770	0%	0	0%	578 010

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	21 538 852	0%	0	0%	21 532 454
1 year at most	VU	21 358 289	0%	0	0%	21 351 668
More than one year	VV	180 563	0%	0	0%	180 786

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	150 000
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	169 528	0%	0	0%	31 093
Loans (1 year at most)	UR	14 646	0%	0	0%	23 320
Other financial assets (gross)	UT	25 681	0%	0	0%	23 013
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	51 014	0%	0	0%	193 878
Other claims customer	UX	17 071 796	0%	0	0%	17 213 068
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	629	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	1 776 316	0%	0	0%	1 694 446
Value added tax	VB	1 909 023	0%	0	0%	1 682 372
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	253 379	0%	0	0%	116 133
Group and Associates	VC	56 631	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	75 788	0%	0	0%	160 690

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	149 067	0%	0	0%	267 761

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	19 734 244	0%	0	0%	25 862 016
1 year at most		VZ2	19 711 824	0%	0	0%	25 817 176
More than 1 year and 5 years at most		VZ3	22 420	0%	0	0%	44 840
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	141 382	0%	0	0%	3 255
1 year at most		VG2	141 382	0%	0	0%	3 255
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	33 630	0%	0	0%	3 269 343
1 year at most		8A2	11 210	0%	0	0%	3 224 503
More than 1 year and 5 years at most		8A3	22 420	0%	0	0%	44 840
	Suppliers and associated accounts (gross)	8B1	11 773 734	0%	0	0%	14 267 204
1 year at most		8B2	11 773 734	0%	0	0%	14 267 204
More than 1 year and 5 years at most		8B3	11 773 734	0%	0	0%	14 267 204
	Personnel and associated accounts (gross)	8C1	2 175 346	0%	0	0%	3 149 350
1 year at most		8C2	2 175 346	0%	0	0%	3 149 350
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	2 252 170	0%	0	0%	1 234 093
1 year at most		8D2	2 252 170	0%	0	0%	1 234 093
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	6 108	0%	0	0%	0
1 year at most		VW2	6 108	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	29 937	0%	0	0%	93 959
1 year at most		VQ2	29 937	0%	0	0%	93 959
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	2 603 348	0%	0	0%	737 850
1 year at most		8J2	2 603 348	0%	0	0%	737 850
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	2 111 896
1 year at most		VI2	0	0%	0	0%	2 111 896
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	718 589	0%	0	0%	995 066
1 year at most		8K2	718 589	0%	0	0%	995 066
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	0	0%	0	0%	102 166 688
Debt repaid during the period	VK	11 210	0%	0	0%	102 583 269

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2011		31/12/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2011		31/12/2010
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2011		31/12/2010
Subcontracting	YT	0	0%	0	0%	0
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	0
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	0
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	0
Total Other purchases and external	ZJ	0	0%	0	0%	0

Taxes and Fees

		31/12/2012		31/12/2011		31/12/2010
Business tax	YW	0	0%	0	0%	0
Other taxes and payments assimilated	9Z	0	0%	0	0%	0
Total taxes and fees	YX	0	0%	0	0%	0

VAT

		31/12/2012		31/12/2011		31/12/2010
Amount VAT collected	YY	0	0%	0	0%	0
Total VAT on goods and services	YZ	0	0%	0	0%	0

Average number of employees

		31/12/2012		31/12/2011		31/12/2010
Average number of employees	YP	230	0%	0	0%	0

Groups and Shareholders

		31/12/2012		31/12/2011		31/12/2010
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Fixed Asset Financing		1,09	1,9%	1,07	0%	1,07	1,35	-19,3%
Global Debt		58 days	-7,9%	63 days	-19,2%	78 days	101 days	-42,6%
Working Capital Fund overall net		33 days	37,5%	24 days	-4,0%	25 days	67 days	-50,7%
Financial independence		41195,19%	-99,4%	6532910,12%	330,3%	1518249,89%	671,63%	6033,6%
Solvability		71,61%	5,4%	67,94%	7,4%	63,23%	41,84%	71,2%
Capacity debt futures		41195,19%	-	%	-	1518249,89%	2402,51%	1614,7%
Coverage of current assets by net working capital overall		36%	31,7%	27,33%	4,0%	26,28%	46,62%	-22,8%
General Liquidity		1,08	-		-	0,83	0,99	9,1%
Restricted Liquidity		1,09	-		-	0,83	1,18	-7,6%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		32 days	39,1%	23 days	-4,2%	24 days	45 days	-28,9%
Treasury		0 days	0%	0 days	0%	0 days	7 days	0%
Inventory turnover of goods		1 days	-50,0%	2 days	-33,3%	3 days	14 days	-92,9%
Average length of credit granted to customers		50 days	2,0%	49 days	-7,5%	53 days	62 days	-19,4%
Average length of credit obtained suppliers		44 days	-4,3%	46 days	-16,4%	55 days	56,50 days	-22,1%
Inventory turnover of raw materials in industrial enterprises		17 days	6,2%	16 days	6,7%	15 days	40 days	-57,5%
Inventory turnover of intermediate and finished products in the industrial enterprise		127 days	-	days	-	136 days	257 days	-50,6%
Rotation tangible assets		127,28%	-	%	-	136,08%	260,94%	-51,2%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		6,48%	-7,7%	7,02%	4,8%	6,70	0%	0%
Profitability of the business		6,08	-11,1%	6,84	-9,4%	7,55	5,45%	11,6%
Net profit		18,28%	33,8%	13,66%	21,6%	11,23%	2,57%	611,3%
Growth rate of turnover (excluding VAT)		-2,11%	-138,9%	5,43%	-72,6%	19,83%	0,11%	-2018,2%
Rates integration		22,02%	-0,5%	22,13%	-3,7%	22,97%	25,12%	-12,3%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		63,70%	3,2%	61,73%	3,8%	59,46%	68,52%	-7,0%
Weight interests		0,50	-7,4%	0,54%	-39,3%	0,89%	0,44%	13,6%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		21,79%	21,5%	17,93%	14,6%	15,64%	5,68%	283,6%
Rates of economic profitability		13%	-18,8%	16%	-5,9%	17%	15%	-13,3%
Financial profitability		58242586%	10,1%	52916572%	7,1%	49419034%	989992%	5783,1%
Return on investment		39,53%	17,4%	33,67%	22,9%	27,40%	9,84%	301,7%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	122 942 368	-2,1%	125 593 035	5,4%	119 121 154	4 415 084 €	2684,6%

Sales of goods	39 504 208	-7,8%	42 851 017	13,6%	37 719 326
- Purchase of goods	31 536 104	-7,3%	34 033 305	14,5%	29 735 022
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	7 968 104 €	-9,6%	8 817 712 €	10,4%	7 984 304 €	0 €	0%
	6,48 % CA	-7,7%	7,02 % CA	4,8%	6,70 % CA	0 % CA	0%

Sale of goods produced	83 438 160	0,8%	82 742 018	1,6%	81 401 828
+/- Stocked production	-177 413	60,3%	-446 744	-126,4%	1 692 569
+ Self-constructed assets	0	0%	0	0%	0
Period production	83 260 747 €	1,2%	82 295 274 €	-1,0%	83 094 397 €	3 913 637,50 €	2027,5%
	67,72 % CA	3,3%	65,53 % CA	-6,1%	69,76 % CA	99,76 % CA	-32,1%

Trading margin	7 968 104	-9,6%	8 817 712	10,4%	7 984 304	0	0%
+ Period Production	83 260 747	1,2%	82 295 274	-1,0%	83 094 397	3 913 637,50	2027,5%
- Purchase of raw materials	46 241 641	5,7%	43 751 251	-5,3%	46 179 937
+/- Change in stocks of raw materiels	-350 796	-69,8%	-206 653	85,1%	-1 382 580
- Other external purchases and charges	18 270 744	-7,6%	19 777 595	4,5%	18 918 005
Added value	27 067 262 €	-2,6%	27 790 793 €	1,6%	27 363 339 €	1 114 845,50 €	2327,9%
	22,02 % CA	-0,5%	22,13 % CA	-3,7%	22,97 % CA	25,12 % CA	-12,3%

Added value	27 067 262 €	-2,6%	27 790 793 €	1,6%	27 363 339 €	1 114 845,50 €	2327,9%
+ Operating grants	8 569	-76,9%	37 136	-9,9%	41 214
- Tax, duty and similar payments	2 354 361	13,0%	2 083 982	-2,5%	2 137 229
- Personal charges	17 243 051	0,5%	17 154 202	5,4%	16 269 817
Gross operating surplus	7 478 419 €	-12,9%	8 589 745 €	-4,5%	8 997 507 €	169 769 €	4305,1%
	6,08 % CA	-11,1%	6,84 % CA	-9,4%	7,55 % CA	5,45 % CA	11,6%

Gross operating surplus	7 478 419 €	-12,9%	8 589 745 €	-4,5%	8 997 507 €	169 769 €	4305,1%
+ Release of reserves and provisions	768 939	-18,8%	946 396	158,5%	366 103
+ Other operating income	3 550 300	60,7%	2 209 538	-6,2%	2 355 068
- Depreciation/Amortisation	5 352 673	6,9%	5 005 198	-4,4%	5 236 248
- Other charges	70	-100,0%	141 985	0%	0
Operating result	6 444 915 €	-2,3%	6 598 496 €	1,8%	6 482 430 €	43 698 €	14648,8%
	5,24 % CA	-0,2%	5,25 % CA	-3,5%	5,44 % CA	2,70 % CA	94,1%

Operating result	6 444 915 €	-2,3%	6 598 496 €	1,8%	6 482 430 €	43 698 €	14648,8%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	17 939 091	48,4%	12 084 724	27,0%	9 518 262
- Financial charges	613 959	-9,8%	680 678	-35,5%	1 055 263
Pre-tax result	23 770 047 €	32,0%	18 002 542 €	20,5%	14 945 429 €	33 101 €	71710,7%
	19,33 % CA	34,9%	14,33 % CA	14,2%	12,55 % CA	2,62 % CA	637,8%

Extraordinary income	898 879	-19,3%	1 114 254	0,9%	1 104 642	16 919	5212,8%
- Extraordinary charges	1 408 402	62,8%	865 195	-53,8%	1 874 675
Extraordinary result	-509 523 €	-304,6%	249 059 €	132,3%	-770 033 €	0 €	0%
	-0,41 % CA	-305,0%	0,20 % CA	130,8%	-1 % CA	-00,01 % CA	-4000%

Pre-tax result	23 770 047 €	32,0%	18 002 542 €	20,5%	14 945 429 €	33 101 €	71710,7%
Extraordinary result	-509 523 €	-304,6%	249 059 €	132,3%	-770 033 €	0 €	0%
- Employee profit sharing	376 082	-23,1%	489 124	30,6%	374 572
- Tax on profits	408 815	-32,8%	608 568	44,5%	421 082
Net result	22 475 627 €	31,0%	17 153 909 €	28,2%	13 379 742 €	39 310 €	57075,3%
	18,28 % CA	33,8%	13,66 % CA	21,6%	11,23 % CA	2,57 % CA	611,3%

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	17/11/2008
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	ARKEMA
Direct parent	ARKEMA FRANCE - 100 %
Group – Number of companies	119
Linkages – Number of companies	17
Number of countries	6

Group Structure

Linkages

Company Name	SIREN	Parts	Last account published
ARKEMA	445074685	-	31/12/2011
ARKEMA EUROPE HOLDINGS B.V.	24326561	100%	31/12/2007
ARKEMA AMERIQUES SAS	451658470	99.46%	31/12/2011
ARKEMA CANADA INC.	-	40.80%	-
ARKEMA DELAWARE INC.	-	100%	-
ARKEMA INC	US07278639	100%	-
AMERICAN ACRYL LP	US22286357	50%	-
ARKEMA ASIE SAS	418681029	59.40%	31/12/2011
ARKEMA K.K.	-	100%	-
AKISHIMA CHEMICAL INDUSTRIES CO LTD	-	100%	-
ARKEMA YOSHITOMI LTD	-	49%	-
SARTOMER JAPAN INC	-	100%	-
ARKEMA CHINA INVESTMENT CO LTD	-	100%	-
ARKEMA HYDROGEN PEROXIDE CO., LTD. SHANG...	-	66.67%	-
ARKEMA CHANGSHU FLUOROCHEMICAL CO., LTD	-	54.64%	-
ARKEMA BEIJING CHEMICALS CO LTD	-	100%	-
CHANGSHU HAIKE CHEMICALS CO LTD	-	49%	-
ARKEMA CHANGSHU CHEMICALS CO LTD	-	100%	-
ARKEMA SHANGHAI DISTRIBUTION CO. LTD	-	100%	-
SHANGHAI ARKEMA GAOYUAN CHEMICALS CO LTD	-	93.40%	-
CHANGSHU RESICHINA ENGINEERING POLYMERS ...	-	100%	-
ARKEMA CHANGSHU FLUOROCHEMICAL CO., LTD	-	45.36%	-
DAIKIN ARKEMA REFRIGERANTS ASIA LLD	-	40%	-
ARKEMA DAIKIN ADVANCED FLUOROCHEMICALS C...	-	50%	-
ARKEMA EUROPE	429608342	34.32%	31/12/2012
ARKEMA B.V.	24270059	100%	31/12/2011
ARKEMA HOLLAND HOLDING B.V.	33220762	100%	31/12/2007
ARKEMA GMBH	HRB 29373	80%	31/12/2011
ARKEMA LTD (UK)	-	100%	-
ARKEMA QUIMICA	117595	99.92%	31/12/2011
PLASGOM	448413	99.92%	31/12/2011
ARKEMA S.R.L.	MI1393516	100%	-
ALPHACAN DOO	-	100%	-
ARKEMA FINANCE NEDERLAND B.V.	27157026	100%	31/12/2007
ARKEMA FRANCE	319632790	99.99%	31/12/2011
ARKEMA VLISSINGEN B.V.	22016916	100%	31/12/2011
ARKEMA CANADA INC.	-	59.20%	-
ALTUMAX DEUTSCHLAND GMBH	HRB 7404	100%	-
MAQUILADORA GENERAL DE MATAMOROS SA DE C...	-	100%	-
ARKEMA ROTTERDAM B.V.	24183071	100%	31/12/2011
ARKEMA PEROXIDES INDIA PRIVATE LTD	-	100%	-
VETEK SA	-	60%	-
SOCIETE COATEX	971509070	100%	31/12/2012
COATEX NETHERLANDS B.V.	20106984	100%	31/12/2011
COATEX, INC	US07540391	100%	-
COATEX KOREA	-	100%	-
COATEX CENTRAL EASTERN EUROPE SRO	-	100%	-
COATEX ASIA PACIFIC INC	-	100%	-
COATEX LATIN AMERICA COMERCIO DE PRODUTO...	-	100%	-
CHANGSHU COATEX ADDITIVES CO. LTD	-	100%	-
ALTUGLAS INTERNATIONAL LIMITED	02670507	100%	31/12/2012
ALTUGLAS INTERNATIONAL SPA	-	100%	-
ARKEMA ASIE SAS	418681029	40.60%	31/12/2011
ARKEMA K.K.	-	100%	-
AKISHIMA CHEMICAL INDUSTRIES CO LTD	-	100%	-
ARKEMA YOSHITOMI LTD	-	49%	-
SARTOMER JAPAN INC	-	100%	-
ARKEMA CHINA INVESTMENT CO LTD	-	100%	-
ARKEMA HYDROGEN PEROXIDE CO., LTD. SHANG...	-	66.67%	-
ARKEMA CHANGSHU FLUOROCHEMICAL CO., LTD	-	54.64%	-
ARKEMA BEIJING CHEMICALS CO LTD	-	100%	-
CHANGSHU HAIKE CHEMICALS CO LTD	-	49%	-
ARKEMA CHANGSHU CHEMICALS CO LTD	-	100%	-
ARKEMA SHANGHAI DISTRIBUTION CO. LTD	-	100%	-
SHANGHAI ARKEMA GAOYUAN CHEMICALS CO LTD	-	93.40%	-
CHANGSHU RESICHINA ENGINEERING POLYMERS ...	-	100%	-
ARKEMA CHANGSHU FLUOROCHEMICAL CO., LTD	-	45.36%	-
DAIKIN ARKEMA REFRIGERANTS ASIA LLD	-	40%	-
ARKEMA DAIKIN ADVANCED FLUOROCHEMICALS C...	-	50%	-
MLPC INTERNATIONAL	986120186	100%	31/12/2012
ARKEMA QUIMICA LDA	-	100%	-
ALTUGLAS INTERNATIONAL SAS	388432171	100%	31/12/2012
ARKEMA INICIADORES SA DE CV	-	100%	-
ARKEMA EUROPE	429608342	65.68%	31/12/2012
ARKEMA B.V.	24270059	100%	31/12/2011
ARKEMA HOLLAND HOLDING B.V.	33220762	100%	31/12/2007
ARKEMA GMBH	HRB 29373	80%	31/12/2011
ARKEMA LTD (UK)	-	100%	-
ARKEMA QUIMICA	117595	99.92%	31/12/2011
PLASGOM	448413	99.92%	31/12/2011
ARKEMA S.R.L.	MI1393516	100%	-
ALPHACAN DOO	-	100%	-
ARKEMA LTD	-	100%	-
SCI AGRICOLE PARAPON	428343826	100%	-
ARKEMA	-	100%	-
RESINOPLAST	662037704	100%	31/12/2011
OXOCHIMIE	662048883	50%	31/12/2011
SOC ETUDE REALISAT FINANCIERES	712057165	100%	31/12/2012
SOCIETE DES FLUIDES DIELECTRIQUES	552149353	50%	31/12/2012
ARKEMA QUIMICA LTDA	-	100%	-
CECA SA	775728025	100%	31/12/2012
FEBEX SA	9865	96.77%	-
IRISH CECA LIMITED	IE021629	100%	31/12/2005
CECA ITALIANA S.R.L.	MI1302745	100%	-
WINKELMANN MINERARIA	-	100%	-
ARKEMA PTY LTD	-	100%	-
SUNCLEAR	330338013	99.92%	31/12/2012
ARKEMA COMPANY LTD	-	100%	-
SEKI ARKEMA	-	51%	-
ARKEMA CATALYST INDIA LTD	-	100%	-
ARKEMA ENERGIE	493446603	100%	31/12/2012
ARKEMA AFRIQUE	493446645	100%	31/12/2012
PIEZOTECH S.A.	391321122	99%	31/12/2011
CECALC	530705953	100%	31/12/2012
ALTUGLAS INTL MEXICO INC	US25211960	100%	-
AMERICAN ACRYL NA LLC	-	50%	-
ARKEMA GUANGZHOU CHEMICALS LTD	-	100%	-
ARKEMA HOLDINGS LTD.	01470171	100%	31/12/2009
ARKEMA PTE LTD	-	100%	-
ARKEMA RE LIMITED	IE420011	100%	31/12/2012
ARKEMA SP ZOO	-	100%	-
DELAWARE CHEMICALS CORPORATION	-	100%	-
LUPEROX INICIADORES SA DE CV	-	100%	-
MICHELET FINANCE INC	-	100%	-
OZARK MAHONING CO	US15529126	100%	-
PLASTICOS ALTUMAX SA	-	99.92%	-
RESIL BELGIUM NV	877366285	100%	31/12/2012
RESILIA SRL	VA255339	100%	-
STANNICA LLC	-	40%	-
TURKISH PRODUCTS INC	-	100%	-
VIKING CHEMICAL COMPANY	-	100%	-
FOSFANIL SA	-	96.58%	-
ALTUGLAS POLIVAR SPA	-	100%	-
ALTUGLAS INTERNATIONAL SRL	-	100%	-
ALTUGLAS INTERNATIONAL DENMARK AS	-	100%	-
ARKEMA MAGYARORSZAG KFT	-	100%	-
ARKEMA PENSION FUND TRUSTEE COMPANY ...	02422536	100%	31/12/2007
ARKEMA SDN BHD	-	100%	-
ARKEMA A/S	-	100%	-
OXFORD PERFORMANCE MATERIALS INC	-	84.50%	-
ARKEMA GAS ODORANTS LLC	-	100%	-
ARKEMA MEXICO S.A DE C.V	-	100%	-
RESINOPLAST NORTH AMERICA SRL DE CV	-	100%	-
ODOR-TECH LLC	-	100%	-
ARKEMA SRO	-	100%	-
ARKEMA VE KIMYA SANAYI VE TICARET	-	100%	-
ATOFINA ARGENTINA S.A.	-	100%	-
SUNCLEAR	256696	100%	31/12/2012
SUNCLEAR S.R.L.	MI1337657	100%	-
ARKEMA INTERNATIONAL SA	5079041	100%	-
ARKEMA COATINGS RESINS - SOCIETA' A ...	MI1905331	100%	-
HIPRO POLYMERS	-	Majority	-
CASDA BIOMATERIALS	-	Majority	-

Shareholders

Linkages

Ultimate parent company	ARKEMA
Direct parent	ARKEMA FRANCE - 100 %
Group – Number of companies	119
Linkages – Number of companies	17
Number of countries	6

Linkages

Company Name	SIREN	Last account	Turnover
ALTUMAX EUROPE SAS	413065574	31/12/2010	0 €
ARKEMA COATINGS RESINS LIMITED	07609424	31/12/2012	42 368 000 £
ARKEMA LTD.	00868680	31/12/2012	4 030 882 £
ALPHACAN OMNIPLAST GMBH	HRB 6311	31/12/2011	-
RESITECH GERMANY GMBH	HRB 28106	31/12/2011	-
ARKEMA S.A.	09973677	-	-
CECA BELGIUM NV	460850166	31/12/2012	38 430 346 €
ALPHACAN OMNIPLAST GMBH	HRB 1182	-	-
ARKEMA GMBH, NIEDERLASSUNG KIRCHHEIMBOLA...	HRB 11862	-	-
ARKEMA CHEMICALS INC	US01411268	-	0 $
ARKEMA RESEARCH CENTER	US31508436	-	0 $
ALTUGLAS INTERNATIONAL	US45891971	-	3 756 000 $
ARKEMA INC	US46440756	-	0 $
ARKEMA EUROPE SA	-	-	-
ARKEMA SA	-	-	-
COATEX S.A.S.	-	-	-
MIMOSA SAS	-	-	-

event history

Status history

Date	Description
No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
20/08/2013	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 10269 - 971509070 RCS. COATEX. Forme : Société par Actions Simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
25/06/2012	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7885 - 971509070 RCS. COATEX. Forme : Société par Actions Simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
16/09/2010	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 9546 - 971509070 RCS. COATEX. Forme : Société par Actions Simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
01/10/2009	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 5741 - 971509070 RCS. COATEX. Forme : Société par Actions Simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
14/11/2008	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1450 - 971 509 070 RCS Lyon. COATEX. Forme : Société par Actions Simplifiée. Administration : SOCIETE FRANCAISE DE REVISION n'est plus commissaire aux comptes suppléant.. Sté par actions simplifiée ERNST & YOUNG devient commissaire aux comptes titulaire.. AUDITEX devient commissaire aux comptes suppléant.. PIN ET ASSOCIES n'est plus commissaire aux comptes titulaire.. Commentaires : Modification de l'administration.
09/10/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 5595 - 971509070 RCS. COATEX. Forme : Société par Actions Simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
13/01/2008	Bodacc C	Comptes annuels et rapports
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 4881 - 971509070 RCS. COATEX. Forme : société par actions simplifiée. Adresse : 35 rue Ampère 69730 Genay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
27/01/2007	Bodacc C	Avis de dépôt des comptes
8572 - RCS Lyon B 971 509 070. RC 71-B 907. COATEX. Forme: S.A.S. Adresse du siège social: 35, Rue Ampère,69730 Genay. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
14/10/2005	Bodacc C	Avis de dépôt des comptes
3556 - RCS Lyon B 971 509 070. RC 71-B 907. COATEX. Forme: société par actions simplifiée. Adresse du siège social: 35, Rue Ampère,69730 Genay. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
18/03/2004	Bodacc B	Modifications et mutations diverses
RCS Lyon 971509070 RC 71-B 00907 COATEX. Forme : S.A.S. Adresse du siège social : 35 rue Ampère, 69730 Genay. Administration : ancien président : GASQUET (Dominique). Nouveau président : MARI (Alain).
31/03/2001	Bodacc B	Modifications et mutations diverses
RCS Lyon 971509070 RC 71-B 00907 COATEX. Forme : S.A.S. Adresse du siège social : 35 rue Ampère, 69730 Genay. Administration : ancien président du conseil d'administration : GASQUET ( Dominique). Nouveau président : GASQUET (Dominique). Anciens administrateurs : VAUX (Bernard) CRESPON (Jean). Commentaires : modification survenue sur la forme.
17/07/1999	Bodacc B	Modifications et mutations diverses
RCS Lyon 971509070 RC 71-B 00907 COATEX. Forme : S.A. Capital : 10 000 000 d'euros. Adresse du siège social : 35 rue Ampère, 69730 Genay. Commentaires : modification survenue sur le capital. Date d'effet : 26 mars 1999.
17/07/1999	Bodacc B	Modifications et mutations diverses
RCS Lyon 971509070 RC 71-B 00907 COATEX. Forme : S.A. Capital : 10 000 000 d'euros. Adresse du siège social : 35 rue Ampère, 69730 Genay. Administration : ancien administrateur : DESPONDS (Serge). Date d'effet : 26 mars 1999.
18/09/1997	Bodacc B	Modifications et mutations diverses
RCS Lyon B 971 509 070 RC 71-B 00907 COATEX. Forme : S.A. Capital : 51 000 000 de F. Adresse du siège social : 35 rue Ampère 69730 Genay. Commentaires : modification survenue sur le capital. Date d'effet : 28 avril 1997.
10/09/1995	Bodacc B	Modifications et mutations diverses
RCS Lyon b 971509070 RC 71-b 907 coatex. Forme : S.A. Capital : 36 000 000 F. Adresse du siège social : 35, rue Ampère, 69730 Genay. Commentaires : modification survenue sur le capital social. Date d'effet : 28avril 1995.

Company events history

Date	Description
20/08/2013	Bodacc C : Deposit accounts notice
28/07/2013	Update Limit
28/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
17/07/2013	Update Rating
17/07/2013	Update Limit
31/12/2012	New accounts available
25/06/2012	Bodacc C : Deposit accounts notice
16/06/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
02/09/2011	New subsidiarie(s) detected
14/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
16/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
01/10/2009	Bodacc C : Deposit accounts notice
31/12/2008	Update of Company Activity
31/12/2008	Modification of Company Activity
31/12/2008	New accounts available
17/11/2008	Collection of preferential rights activated for this company
14/11/2008	New Bodacc B ads detected
14/11/2008	Bodacc B: Various editing or changing
09/10/2008	Private document
09/10/2008	Bodacc C : Deposit accounts notice
09/10/2008	Appointment/resignation of company officers
09/10/2008	Minutes of general meeting of shareholders
13/01/2008	Bodacc C : Deposit accounts notice
01/01/2008	Update of Company Activity
01/01/2008	Modification of Company Activity
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
28/09/2005	Fusion
28/09/2005	Merger
28/09/2005	Augmentation de Capital
28/09/2005	Capital increase
28/09/2005	Declaration of conformity
28/09/2005	PV d'Assemblée
28/09/2005	Minutes of general meeting of shareholders
28/09/2005	Déclaration de conformité
28/09/2005	Acte sous seing privé
28/09/2005	Private document
28/09/2005	Updated articles of association
28/09/2005	Statuts mis à jour
24/06/2005	Other modification of Establishment (error correction)
24/06/2005	Update of Company Legal Form
15/06/2005	Rapport des Commissaires ou du Gérant
15/06/2005	Acte sous seing privé
15/06/2005	Private document
15/06/2005	Audit or Management Report
24/05/2005	Planned merger
24/05/2005	Projet de Fusion
24/05/2005	Acte sous seing privé
24/05/2005	Private document
23/05/2005	Application and court order
23/05/2005	Requête et Ordonnance
31/12/2004	New accounts available
29/01/2004	PV d'Assemblée
29/01/2004	Acte sous seing privé
29/01/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
26/01/2001	Changement de Forme Juridique sans changement de catégorie
26/01/2001	Acte sous seing privé
26/01/2001	Nomination/démission des organes de gestion
26/01/2001	PV d'Assemblée
26/01/2001	Statuts mis à jour
08/06/1999	PV d'Assemblée
08/06/1999	Acte sous seing privé
08/06/1999	Statuts mis à jour
08/06/1999	Augmentation de Capital
07/06/1999	PV d'Assemblée
07/06/1999	Acte sous seing privé
07/06/1999	Nomination/démission des organes de gestion
06/08/1997	PV d'Assemblée
06/08/1997	Statuts mis à jour
06/08/1997	Augmentation de Capital
06/08/1997	Acte sous seing privé
04/08/1997	Acte sous seing privé
04/08/1997	Acte modificatif
04/08/1997	PV d'Assemblée
04/02/1997	Déclaration de conformité
04/02/1997	PV d'Assemblée
04/02/1997	Acte sous seing privé
07/11/1996	Rapport des Commissaires ou du Gérant
07/11/1996	Acte sous seing privé
03/10/1996	Acte sous seing privé
03/10/1996	Projet de Fusion
04/06/1996	Requête et Ordonnance
01/08/1995	PV d'Assemblée
01/08/1995	Augmentation de Capital
01/08/1995	Statuts mis à jour
17/11/1992	Transfert du Siège dans le ressort du Tribunal de Commerce
17/11/1992	Déclaration de conformité
17/11/1992	Statuts mis à jour
17/11/1992	PV du Conseil d'Administration
29/06/1992	PV d'Assemblée
29/06/1992	Modification du Conseil d'Administration
29/06/1992	Nomination/démission des organes de gestion
30/03/1992	PV d'Assemblée
30/03/1992	Modification du Conseil d'Administration
30/03/1992	Nomination/démission des organes de gestion

directors

Name	M. MARI ALAIN
Manager position	President	Date of birth	16/07/1955
Place of birth	BEAUMNT SUR OISE
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.90
UK Pound	1	Rs.100.47
Euro	1	Rs.84.65

INFORMATION DETAILS

Report Prepared by :

SDA

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.