MIRA INFORM REPORT

Report Date :

06.04.2014

IDENTIFICATION DETAILS

Name :	DAMMANN FRERES
Registered Office :	1 Rue De Reveillon 28100 Dreux
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	January, 2004
Com. Reg. No.:	RCS Chartres 1 451 570 519
Legal Form :	Simplified joint stock company
Line of Business :	Processing of tea and coffee
No. of Employees	100 to 199 employees

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – december 01, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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 82 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 mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

company summary

		EUR VAT Number	FR63451570519
Activity (APE)	Processing of tea and coffee (1083Z)	Legal form	Simplified joint stock company
Phone	01 39 75 64 25	RCS Registration	RCS Chartres 1 451 570 519
Fax		Share capital	2,534,090 Euros
Address	DAMMANN FRERES 1 RUE DE REVEILLON 28100 DREUX	Incorporated Date	01/2004
Nationality	France	Status	Economically active

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	24,795,236 €	22,912,399 €	22,333,343 €
Gross Operating Surplus	12,54 % Turnover	4,60 % Turnover	11,67 % Turnover
Shareholders’ equity	7,840,584 €	7,761,446 €	9,070,361 €
Net result	79,138 €	-878,914 €	1,122,587 €
Employees	100 to 199 employees	-	-

Company details

Activity (APE)	Processing of tea and coffee (1083Z)
RCS Registration	RCS Chartres 1 451 570 519	Share capital	2,534,090 Euros
Registration Court	Chartres (28)	Legal form	Simplified joint stock company
Court Registry Number	20 1 1B00547	EUR VAT Number	FR63451570519
Incorporation Date	01/2004	Formation Date	01/2004
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Processing of tea and coffee (1083Z)	Business Pages FT®	IMPORTATION, NEGOCE DE THE
Postal Address	DAMMANN FRERES 1 RUE DE REVEILLON 28100 DREUX	Trading Address	1 RUE DE REVEILLON 28100 DREUX
Telephone	01 39 75 64 25
Fax

Type	Head office	Status	Economically active
Formation Date	08/2011	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Centre
District		Area
City	DREUX	Size of urban area

Other establishments

Branches	4 branch entities in this company
Head office	> DAMMANN FRERES <<<  - Transformation du thé et du café (1083Z)  in DREUX  (28100)
Secondary establishments	>  DAMMANN FRERES  - Transformation du thé et du café (1083Z)  in PARIS 8  (75008) >  DAMMANN FRERES  - Transformation du thé et du café (1083Z)  in PARIS 12  (75012) >  DAMMANN FRERES  - Transformation du thé et du café (1083Z)  in ORGEVAL  (78630) >  DAMMANN FRERES  - Transformation du thé et du café (1083Z)  in PARIS 5  (75005) > ...

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

Workforces

Workforce at address

100 to 199 employees

Company workforce

100 to 199 employees

DIRECTORS/MANAGEMENT

Current Directors

3

directors

Name	M. JUMEAU-LAFOND DIDIER
Manager position	President	Date of birth	30/10/1944
Place of birth	THOMERY (77)
Type	Individual	Name at birth

Name	M. DEVOS JEAN-LUC
Manager position	Managing director	Date of birth	17/12/1970
Place of birth	FONTAINEBLEAU (77)
Type	Individual	Name at birth

Name	Mme. VARIN FLORA
Manager position	Managing director	Date of birth	08/12/1977
Place of birth	PARIS 13 (75)
Type	Individual	Name at birth	JUMEAU-LAFOND

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
Administrator	M STEFANO CUCCOLI	- - -
Administrator	ORIO PONTIGGIA	- - -
Administrator	M LUIGI TOMMASINI	- - -

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	7
	Total number of Invoices paid within or up to 30 days after the due date	5
	Total number of Invoices paid more than 30 days after the due date	2
	Total number of Invoices currently outstanding where the due date has not yet been reached	0
	Total number of Invoices currently outstanding beyond the due date	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number
	GRUPPO ILLY	RM874162

Group data

Ultimate parent company	GRUPPO ILLY
Direct parent	GRUPPO ILLY - 75 %
Group – Number of companies	8
Linkages – Number of companies	6
Number of countries	2

Group Structure

Go directly to the current company

Display only where participation % > 33 %

Company Name	SIREN	Parts	Last account published
GRUPPO ILLY S.P.A.	RM874162	-	31/12/2012
AGRIMONTANA	-	40%	-
DOMORI S.R.L.	TO1024497	80%	31/12/2012
DAMMANN FRERES	451570519	75%	31/12/2012
SCI DES ENTREPRENEURS	402610083	100%	-
SOC BETJEMAN ET BARTON	784324915	70%	31/12/2012
ILLYCAFFE' S.P.A.	TS21080	100%	31/12/2012
ILLYCAFFE FRANCE	302452297	100%	31/12/2012

Linkages

Ultimate parent company	GRUPPO ILLY
Direct parent	GRUPPO ILLY - 75 %
Group – Number of companies	8
Linkages – Number of companies	6
Number of countries	2

Company Name	SIREN	Last account	Turnover
BAR FINANCE INTERNATIONAL - SOCIETA' PER...	TS122493	-	-
ELTRADE S.R.L.	TS73345	31/12/2004	459 730 €
MASTROJANNI S.R.L. - SOCIETA' AGRICOLA	RM1208933	31/12/2012	1 383 363 €
ILLY REAL ESTATE - SOCIETA' A RESPONSABI...	TS75611	31/12/2012	170 000 €
ENTERPRISE SRL	TS92354	31/12/2012	13 200 €
ILLYCAFFE NORTH AMERICA INC	US46211910	-	337 000 $

FINANCIAL INFORMATION

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
Date of capture	07/06/2013	18/06/2012	21/06/2011
Activity Code	1083Z	1083Z	1083Z
Employees	0	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	10 850 554	-4,3%	11 332 468	3,6%	10 940 683	92 181	11670,9%
- Intangible assets	9 319 254	-0,1%	9 326 100	2,3%	9 119 498	43 067	21539,0%
- Tangible assets	1 597 253	-16,6%	1 915 534	10,6%	1 732 043	19 215	8212,5%
- Financial assets	223 905	-29,9%	319 581	16,8%	273 680	770	28978,6%
Net current assets	13 627 203	0,7%	13 533 432	24,7%	10 852 336	88 968	15217,0%
- Stocks	6 234 811	4,3%	5 978 590	12,1%	5 335 104	28 071	22110,9%
- Advanced payments	0	0,7%	0	0%	0	0	0%
- Receivables	6 349 670	-10,0%	7 057 489	32,0%	5 348 192	15 505	40852,4%
- Securities and cash	1 042 722	109,7%	497 353	194,2%	169 040	20 983	4869,4%
- Prepaid expenses	-	-	-	-	-	833	-
Accounts of regularization	0	0%	13 212	89,6%	6 969	0	0%
Total Assets	24 477 756	-1,6%	24 879 113	14,1%	21 799 987	201 686	12036,6%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	7 840 584	1,0%	7 761 446	-14,4%	9 070 361	76 855	10101,8%
Share capital	2 534 090	0%	2 534 090	0%	2 534 090	8 160	30955,0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	2 768 260	216,1%	875 673	1437,1%	56 969	0	0%
Liabilities	13 868 039	-14,6%	16 241 993	28,2%	12 672 657	121 996	11267,6%
- Financial liabilities	9 056 641	-9,8%	10 039 047	40,2%	7 158 791	42 918	21002,2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2 448 173	-39,7%	4 061 213	46,9%	2 764 111	21 004	11555,7%
- Tax and social liabilities	2 012 571	15,2%	1 746 280	-29,0%	2 458 923	22 820	8719,3%
- Other debts and fixed assets liabilities	299 625	-8,2%	326 283	21,4%	268 773	2 872	10332,6%
Account regularization	51 900	-25,0%	69 170	213,6%	22 059	0	0%
Total liabilities	24 477 756	-1,6%	24 879 113	14,1%	21 799 987	201 685	12036,6%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	25 618 861	9,7%	23 355 214	2,6%	22 765 091	257 128	9863,5%
Net turnover	24 795 236	8,2%	22 912 399	2,6%	22 333 343	252 976	9701,4%
- of which net export turnover	5 581 385	-0,8%	5 626 559	17,7%	4 778 665	0	0%
Operating charges	22 713 216	-2,2%	23 223 673	13,2%	20 511 564	242 375	9271,1%
Operating profit/loss	2 905 645	2108,9%	131 541	-94,2%	2 253 527	10 344	27990,1%
Financial income	89 395	-77,6%	399 204	-1,0%	403 299	02	4469650,0%
Financial charges	847 079	32,4%	639 613	5,5%	606 475	1 770	47757,6%
Financial profit/loss	-757 684	-215,2%	-240 409	-18,3%	-203 176	-1 228	-61600,7%
Pretax net operating income	2 147 961	2073,0%	-108 868	-105,3%	2 050 351	8 280	25841,6%
Extraordinary income	305 884	-65,0%	872 712	651,2%	116 179	28	1092342,9%
Extraordinary charges	2 374 707	44,6%	1 642 756	1549,3%	99 606	292	813155,8%
Extraordinary profit/loss	-2 068 823	-168,7%	-770 044	-4746,4%	16 573	0	0%
Net result	79 138	109,0%	-878 914	-178,3%	1 122 587	7 610	939,9%

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	24 477 756	-1,6%	24 879 113	14,1%	21 799 987
	Gross	CO	29 094 931	0,0%	29 104 895	13,9%	25 550 890
	Amortisation	1A	4 617 175	9,3%	4 225 782	12,7%	3 750 903

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	10 850 554	-4,3%	11 332 468	3,6%	10 940 683
	Gross	BJ	15 398 449	-0,7%	15 511 326	7,0%	14 494 712
	Amortisation	BK	4 547 895	8,8%	4 178 858	17,6%	3 554 029

Intangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Start-up cost	Net	90 000	0%	90 000	0%	90 000
	Gross	AB	90 000	0%	90 000	0%	90 000
	Amortisation	AC	90 000	0%	90 000	0%	90 000
	R & D expenses	Net	13 837	-53,6%	29 852	74,1%	17 148
	Gross	CX	82 462	0%	82 462	46,6%	56 262
	Amortisation	AE	68 625	30,4%	52 610	34,5%	39 114
	Distributorships, patents	Net	69 449	9,7%	63 319	3,2%	61 344
	Gross	AF	77 071	8,6%	70 941	2,9%	68 966
	Amortisation	AG	7 622	0%	7 622	0%	7 622
	Goodwill	Net	9 080 812	1,6%	8 942 065	1,3%	8 826 274
	Gross	AH	9 080 812	0%	9 080 812	1,8%	8 920 812
	Amortisation	AI	199 858	44,0%	138 747	46,8%	94 538
	Other intangible fixed assets	Net	2 101	-27,0%	2 877	401,2%	574
	Gross	AJ	56 630	0%	56 630	5,3%	53 786
	Amortisation	AK	54 529	1,4%	53 753	1,0%	53 212
	Pre-payments and downpayments	Net	63 055	6,4%	59 240	100%	29 620
	Gross	AL	63 055	6,4%	59 240	100%	29 620
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	9 319 254	1,4%	9 187 353	1,8%	9 024 960

Tangilble fixed assets

			31/12/2012		31/12/2011		31/12/2010
	Lands	Net	77 589	0%	77 589	0%	77 589
	Gross	AN	77 589	0%	77 589	0%	77 589
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	240 847	-21,4%	306 392	2,4%	299 155
	Gross	AR	2 782 860	1,6%	2 739 373	4,4%	2 623 145
	Amortisation	AS	2 542 013	4,5%	2 432 981	4,7%	2 323 990
	Other tangible fixed assets	Net	1 256 991	-8,7%	1 376 951	55,0%	888 457
	Gross	AT	2 842 239	2,2%	2 780 096	51,6%	1 834 010
	Amortisation	AU	1 585 248	13,0%	1 403 145	48,4%	945 553
	Fixed assets in construction	Net	21 826	461,1%	3 890	0%	0
	Gross	AV	21 826	461,1%	3 890	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	150 712	-67,7%	466 842
	Gross	AX	0	0%	150 712	-67,7%	466 842
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	1 597 253		1 915 534		1 732 043

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	93 371	0%	93 371	0%	93 371
	Gross	CU	93 371	0%	93 371	0%	93 371
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	130 534	-42,3%	226 210	25,5%	180 309
	Gross	BH	130 534	-42,3%	226 210	25,5%	180 309
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		223 905		319 581		273 680

Current Assets (III)

			31/12/2012		31/12/2011		31/12/2010
	Total Assets	Net	13 627 203	0,7%	13 533 432	24,7%	10 852 336
	Gross	CJ	13 696 482	0,9%	13 580 354	22,9%	11 049 210
	Amortisation	CK	69 279	47,6%	46 922	-76,2%	196 874

Stocks

			31/12/2012		31/12/2011		31/12/2010
	Raw materials	Net	3 718 514	-3,3%	3 845 693	20,7%	3 185 273
	Gross	BL	3 718 514	-3,3%	3 845 693	16,7%	3 294 065
	Amortisation	BM	0	0%	0	0%	108 792
	Work in progress (goods)	Net	253 599	18,1%	214 810	5,5%	203 619
	Gross	BN	253 599	18,1%	214 810	5,5%	203 619
	Amortisation	BO	0	0%	0	0%	0
	Work in progress (services)	Net	0	0%	747 474	0%	0
	Gross	BP	0	0%	747 474	0%	0
	Amortisation	BQ	0	0%	0	0%	0
	Semi-finished and finished products	Net	1 106 817	0%	0	0%	721 650
	Gross	BR	1 106 817	0%	0	0%	721 650
	Amortisation	BS	0	0%	0	0%	0
	Goods for resale	Net	1 155 881	-1,3%	1 170 613	-4,4%	1 224 562
	Gross	BT	1 155 881	-1,3%	1 170 613	-7,6%	1 267 509
	Amortisation	BU	0	0%	0	0%	42 947
	Sub Total Stocks	Net	6 234 811	4,3%	5 978 590	12,1%	5 335 104

Advance payments to suppliers

			31/12/2012		31/12/2011		31/12/2010
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2011		31/12/2010
	Trade accounts receivable	Net	3 943 856	-1,8%	4 014 734	11,7%	3 595 559
	Gross	BX	4 013 135	-1,2%	4 061 656	11,6%	3 640 694
	Amortisation	BY	69 279	47,6%	46 922	4,0%	45 135
	Other debtors	Net	2 253 545	-24,1%	2 970 878	79,8%	1 652 244
	Gross	BZ	2 253 545	-24,1%	2 970 878	79,8%	1 652 244
	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	6 197 401	-11,3%	6 985 612	33,1%	5 247 803

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	1 042 722	109,7%	497 353	194,2%	169 040
	Gross	CF	1 042 722	109,7%	497 353	194,2%	169 040
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1 042 722	109,7%	497 353	194,2%	169 040

Prepaid expenses

			31/12/2012		31/12/2011		31/12/2010
	Prepaid expenses	Net	152 269	111,8%	71 877	-28,4%	100 389
	Gross	CH	152 269	111,8%	71 877	-28,4%	100 389
	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	0	0%	13 212	89,6%	6 969
Gross		0	0%	13 212	89,6%	6 969

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	24 477 756	-1,6%	24 879 113	14,1%	21 799 987

Shareholder Equity (I)

			31/12/2012		31/12/2011		31/12/2010
	Total shareholders' equity (Total I)	DL	7 840 584	1,0%	7 761 446	-14,4%	9 070 361
	Equity and shareholders' equity	DA	2 534 090	0%	2 534 090	0%	2 534 090
	Issue and merger premiums	DB	248 381	0%	248 381	0%	248 381
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	253 409	0%	253 409	0%	253 409
	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	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	4 725 566	-15,7%	5 604 480	14,1%	4 911 894
	Profit or loss for the period	DI	79 138	109,0%	-878 914	-178,3%	1 122 587
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

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	2 768 260	216,1%	875 673	1437,1%	56 969
	Risk provisions	DP	2 768 260	216,1%	875 673	1437,1%	56 969
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2011		31/12/2010
	Total Liabilities (Total IV)	EC	13 868 039	-14,6%	16 241 993	28,2%	12 672 657
	Convertible debentures	DS	0	0%	1 421 014	-56,5%	3 263 134
	Other debentures	DT	220 520	0%	0	0%	0
	Bank loans and liabilities	DU	8 569 705	3,7%	8 261 270	142,0%	3 413 304
	Sundry loans and financial liabilities	DV	266 416	-25,3%	356 763	-26,0%	482 353
	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	2 448 173	-39,7%	4 061 213	46,9%	2 764 111
	Tax and social security liabilities	DY	2 012 571	15,2%	1 746 280	-29,0%	2 458 923
	Fixed asset liabilities	DZ	0	0%	0	0%	40 893
	Other debts	EA	298 754	-8,4%	326 283	43,2%	227 880

Translation loss (V)

		31/12/2012		31/12/2011		31/12/2010
Translation loss (Total V)	ED	871	0%	0	0%	0

Equalization accounts

		31/12/2012		31/12/2011		31/12/2010
Deferred income	EB	51 900	-25,0%	69 170	213,6%	22 059

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	2 905 645	2108,9%	131 541	-94,2%	2 253 527

2 - Financial result (V - VI)

		31/12/2012		31/12/2011		31/12/2010
Financial result (Total V-VI)	GV	-757 684	-215,2%	-240 409	-18,3%	-203 176

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	2 147 961	2073,0%	-108 868	-105,3%	2 050 351

4 - Extraordinary result (VII-VIII)

		31/12/2012		31/12/2011		31/12/2010
Extraordinary result (Total VII-VIII)	HI	-2 068 823	-168,7%	-770 044	-4746,4%	16 573

Profit or loss

		31/12/2012		31/12/2011		31/12/2010
Profit or loss	HN	79 138	109,0%	-878 914	-178,3%	1 122 587

Total Income (I+III+V+VII)

		31/12/2012		31/12/2011		31/12/2010
Total Income (I+III+V+VII)	HL	26 014 140	5,6%	24 627 130	5,8%	23 284 569

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	25 935 002	1,7%	25 506 042	15,1%	22 161 981

Operating income (I)

		31/12/2012		31/12/2011		31/12/2010
Total operating income (Total I)	FR	25 618 861	9,7%	23 355 214	2,6%	22 765 091

Operating income (details)

			31/12/2012		31/12/2011		31/12/2010
	Sale of goods for resale	FC	2 203 507	6,9%	2 061 370	-8,2%	2 245 461
	France	FA	1 734 409	4,4%	1 660 978	-14,3%	1 938 678
	Export	FB	469 098	17,2%	400 392	30,5%	306 783
	Sale of goods produced	FF	22 462 365	8,4%	20 723 920	3,9%	19 951 212
	France	FD	17 367 895	11,7%	15 542 188	0,3%	15 493 055
	Export	FE	5 094 470	-1,7%	5 181 732	16,2%	4 458 157
	Sale of services	FI	129 364	1,8%	127 109	-7,0%	136 670
	France	FG	111 547	34,9%	82 674	-32,8%	122 945
	Export	FH	17 817	-59,9%	44 435	223,8%	13 725
	Net turnover	FL	24 795 236	8,2%	22 912 399	2,6%	22 333 343
	France	FJ	19 213 851	11,2%	17 285 840	-1,5%	17 554 678
	Export	FK	5 581 385	-0,8%	5 626 559	17,7%	4 778 665
	Stocked production	FM	398 131	267,3%	108 395	-36,4%	170 347
	Self-constructed assets	FN	0	0%	0	0%	9 459
	Operating grants	FO	3 873	-53,3%	8 302	0%	0
	Release of reserves and provisions	FP	414 278	28,2%	323 072	30,4%	247 789
	Other income	FQ	7 343	141,1%	3 046	-26,7%	4 153

Operating charges (II)

		31/12/2012		31/12/2011		31/12/2010
Total operating charges (Total II)	GF	22 713 216	-2,2%	23 223 673	13,2%	20 511 564

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	2 175 995	39,1%	1 564 350	-21,1%	1 983 691
Change in stocks of goods for resale	FT	14 732	-84,8%	96 896	187,4%	-110 817
Purchase of raw materials	FU	6 687 967	-9,0%	7 349 415	8,7%	6 761 740
Change in stocks of raw materials	FV	127 179	126,5%	-480 250	-16,8%	-411 213
Other external purchases and charges	FW	5 099 342	-4,7%	5 352 087	25,3%	4 272 362
Tax, duty and similar payments	FX	457 376	2,7%	445 474	7,8%	413 100
Payroll	FY	5 096 127	-2,5%	5 224 792	11,1%	4 701 994
Social security costs	FZ	2 429 031	0,3%	2 421 913	5,5%	2 295 317

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	417 023	24,2%	335 749	22,1%	274 872
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	26 766	45,6%	18 388	-90,4%	191 371
Provisions for risks and charges	GD	111 478	-86,3%	812 461	1524,9%	50 000

Other charges

		31/12/2012		31/12/2011		31/12/2010
Other charges	GE	70 200	-14,8%	82 398	-7,6%	89 147

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	89 395	-77,6%	399 204	-1,0%	403 299
	Share financial income	GJ	48 220	-87,3%	378 305	6,4%	355 427
	Other investment income & capitalised receivables	GK	655	0%	0	0%	0
	Other interest and similar income	GL	13 212	0%	0	0%	117
	Released provisions and transferred charges	GM	27 308	0%	0	0%	1 322
	Exchange gains	GN	0	0%	20 899	-55,0%	46 433
	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	847 079	32,4%	639 613	5,5%	606 475
	Financial reserves and provisions	GQ	0	0%	6 243	-10,4%	6 969
	Interest and similar charges	GR	776 433	36,8%	567 413	5,9%	536 045
	Exchange losses	GS	70 646	7,1%	65 957	3,9%	63 461
	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	305 884	-65,0%	872 712	651,2%	116 179
	Extraordinary operating income	HA	59 778	18522,4%	321	-96,8%	9 913
	Extraordinary income from capital transactions	HB	198 119	-77,3%	872 391	723,8%	105 895
	Released provisions and transferred charges	HC	47 987	0%	0	0%	371

Extraordinary charges (VIII)

			31/12/2012		31/12/2011		31/12/2010
	Total extraordinary charges (Total VIII)	HH	2 374 707	44,6%	1 642 756	1549,3%	99 606
	Extraordinary operating charges	HE	2 176 148	600,9%	310 472	17846,4%	1 730
	Extraordinary charges from capital transactions	HF	198 559	-81,0%	1 043 203	965,8%	97 876
	Extraordinary reserves and provisions	HG	0	0%	289 081	0%	0

Employee profit sharing (IX)

		31/12/2012		31/12/2011		31/12/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	218 967

Tax on profits (X)

		31/12/2012		31/12/2011		31/12/2010
Tax on profits (Total X)	HK	0	0%	0	0%	725 369

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	0	0%	0	0%	17 197
	Decreasess by transfers	OK2	510 974	-70,5%	1 731 950	1019,0%	154 770
	Gross value at the end of period	OL	15 398 449	-0,7%	15 511 328	7,0%	14 494 712

Research and development Charge (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	CZ	172 462	17,9%	146 262	17,6%	124 417
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	26 200	19,9%	21 845
	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	172 462	0%	172 462	17,9%	146 262

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	9 267 623	2,1%	9 073 184	1,5%	8 938 449
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	9 945	-94,9%	194 439	7,6%	180 765
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	46 030
	Gross value at the end of period	LW	9 277 568	0,1%	9 267 623	2,1%	9 073 184

Tangible fixed assets (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LN	5 751 660	15,0%	5 001 586	20,4%	4 155 356
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	325 575	-86,9%	2 482 025	156,0%	969 382
	Decreasess by budget item transfer	NG1	0	0%	0	0%	17 197
	Decreasess by transfers	NG2	352 721	-79,6%	1 731 950	1534,6%	105 955
	Gross value at the end of period	NH	5 724 514	-0,5%	5 751 661	15,0%	5 001 586

Fiancial assets (Total IV)

			31/12/2012		31/12/2011		31/12/2010
	Gross value at begin of period	LQ	319 581	16,8%	273 680	1,6%	269 329
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	62 578	36,3%	45 901	543,3%	7 135
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	158 253	0%	0	0%	2 784
	Gross value at the end of period	NK	223 906	-29,9%	319 581	16,8%	273 680

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	200 123	28,8%	155 372	25,9%	123 433
Increases		PF	61 886	38,3%	44 751	23,3%	36 283
Decreasess		PG	0	0%	0	0%	4 343
	Decreasess by budget item transfer	PH	262 009	30,9%	200 123	28,8%	155 373

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	3 547 045	8,5%	3 269 544	5,7%	3 091 981
Increases		QV	339 123	22,2%	277 502	22,1%	227 330
Decreases		QW	0	0%	0	0%	49 766
	Decreasess by budget item transfer	QX	3 886 168	9,6%	3 547 046	8,5%	3 269 545

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	172 462	0%	172 462	17,9%	146 262
	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	1 211 677	377,3%	253 843	30,9%	193 982
Increases		UB	2 184 536	92,8%	1 133 143	356,3%	248 340
Decreases		UC	317 580	81,2%	175 309	-7,0%	188 480
	Value at the end of period	UD	3 078 633	154,1%	1 211 677	377,3%	253 842

Includes Total allocations

Operating	UE	138 244	-83,4%	830 849	244,2%	241 371
Financial	UG	0	0%	13 212	89,6%	6 969
Exceptional	UJ	2 046 292	607,9%	289 081	0%	0

Includes Total Withdrawal

Operating	UF	256 380	52,3%	168 340	-9,9%	186 786
Financial	UH	13 212	89,6%	6 969	427,2%	1 322
Exceptional	UK	47 987	0%	0	0%	371

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	0	0%	0	0%	371
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	371
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	875 673	1437,1%	56 969	4209,3%	1 322
Increases		TV	2 157 770	161,3%	825 673	1349,3%	56 969
Decreases		TW	265 183	3705,2%	6 969	427,2%	1 322
	Value at the end of period	TX	2 768 260	216,1%	875 673	1437,1%	56 969

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	336 003	70,7%	196 874	2,4%	192 289
Increases		TY	26 766	-91,3%	307 469	60,7%	191 371
Decreases		TZ	52 396	-68,9%	168 343	-9,9%	186 786
	Value at the end of period	UA	310 373	-7,6%	336 000	70,7%	196 874

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	6 549 483	-10,7%	7 330 620	31,5%	5 573 635
1 year at most	VU	6 549 483	-10,7%	7 330 620	61,3%	4 545 018
More than one year	VV	0	0%	0	0%	1 028 617

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	130 534	-42,3%	226 210	25,5%	180 309
Other financial assets (1 year at most)	UV	130 534	-42,3%	226 210	0%	0

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	75 042	48,1%	50 668	3,3%	49 053
Other claims customer	UX	3 938 093	-1,8%	4 010 987	11,7%	3 591 641
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	442 685	0%	0
Value added tax	VB	426 791	-61,3%	1 103 073	122,3%	496 126
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	1 562 794	24,2%	1 258 222	25,9%	999 256
Accounts receivable (including claims relating to the operation of pension titles)	VR	263 961	58,2%	166 897	6,4%	156 861

Prepaid

		31/12/2012		31/12/2011		31/12/2010
Prepaid	VS	152 269	111,8%	71 877	-28,4%	100 389

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	13 868 041	-14,6%	16 241 993	28,2%	12 672 657
1 year at most		VZ2	9 784 456	-14,8%	11 477 441	74,0%	6 595 300
More than 1 year and 5 years at most		VZ3	3 993 748	-9,6%	4 416 350	-27,3%	6 077 357
More than 5 years		VZ4	89 837	-74,2%	348 202	0%	0

Details

			31/12/2012		31/12/2011		31/12/2010
	Convertible bonds (gross)	7Y1	220 520	-84,5%	1 421 014	-56,5%	3 263 134
1 year at most		7Y2	220 520	-84,5%	1 421 014	1740,5%	77 210
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	3 185 924
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	320 000
1 year at most		VG2	0	0%	0	0%	320 000
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	8 569 705	3,7%	8 261 270	167,1%	3 093 305
1 year at most		VH2	4 486 120	28,3%	3 496 718	453,7%	631 517
More than 1 year and 5 years at most		VH3	3 993 748	-9,6%	4 416 350	79,4%	2 461 788
	Loans and various financial liabilities (gross)	8A1	266 416	-25,3%	356 763	-26,0%	482 353
1 year at most		8A2	266 416	-25,3%	356 763	576,9%	52 707
More than 1 year and 5 years at most		8A3	0	0%	0	0%	429 646
	Suppliers and associated accounts (gross)	8B1	2 448 173	-39,7%	4 061 213	46,9%	2 764 111
1 year at most		8B2	2 448 173	-39,7%	4 061 213	46,9%	2 764 111
More than 1 year and 5 years at most		8B3	2 448 173	-39,7%	4 061 213	46,9%	2 764 111
	Personnel and associated accounts (gross)	8C1	760 415	7,7%	705 986	-21,7%	901 951
1 year at most		8C2	760 415	7,7%	705 986	-21,7%	901 951
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1 042 937	25,6%	830 619	-8,3%	906 142
1 year at most		8D2	1 042 937	25,6%	830 619	-8,3%	906 142
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	29 275	-94,0%	490 604
1 year at most		8E2	0	0%	29 275	-94,0%	490 604
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	4 699	0%	0
1 year at most		VW2	0	0%	4 699	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	209 219	19,1%	175 701	9,7%	160 226
1 year at most		VQ2	209 219	19,1%	175 701	9,7%	160 226
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	40 893
1 year at most		8J2	0	0%	0	0%	40 893
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	298 754	-8,4%	326 283	43,2%	227 880
1 year at most		8K2	298 754	-8,4%	326 283	43,2%	227 880
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	51 900	-25,0%	69 170	213,6%	22 059
1 year at most		8L2	51 900	-25,0%	69 170	213,6%	22 059
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	1 250 000	-78,5%	5 810 000	9185,9%	62 568
Debt repaid during the period	VK	975 340	45,0%	672 588	-18,9%	829 032

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	1 495 029	-6,4%	1 598 099	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	0	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		1,57	6,8%	1,47	7,3%	1,37	1,19	31,9%
Global Debt		201 days	-21,2%	255 days	25,0%	204 days	146 days	37,7%
Working Capital Fund overall net		128 days	11,3%	115 days	33,7%	86 days	40 days	220,0%
Financial independence		88,17%	11,3%	79,23%	-41,1%	134,51%	168,76%	-47,8%
More ratios
Solvability		32,03%	2,7%	31,20%	-25,0%	41,61%	36,23%	-11,6%
Capacity debt futures		174,77%	-21,3%	221,96%	-76,7%	953,25%	1281,35%	-86,4%
Coverage of current assets by net working capital overall		65,08%	19,7%	54,36%	11,3%	48,82%	40,99%	58,8%
General Liquidity		0,67	4,7%	0,64	-7,2%	0,69	0,17	294,1%
Restricted Liquidity		0,78	14,7%	0,68	-4,2%	0,71	0,54	44,4%

Management or rotation

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital		111 days	3,7%	107 days	30,5%	82 days	0 days	0%
Treasury		15 days	87,5%	8 days	166,7%	3 days	6,50 days	130,8%
Inventory turnover of goods		190 days	-25,2%	254 days	4,1%	244 days	84 days	126,2%
Average length of credit granted to customers		58 days	-9,4%	64 days	8,5%	59 days	12 days	383,3%
Average length of credit obtained suppliers		62 days	-41,0%	105 days	31,2%	80 days	43 days	44,2%
More ratios
Inventory turnover of raw materials in industrial enterprises		187 days	4,5%	179 days	6,5%	168 days	91 days	105,5%
Inventory turnover of intermediate and finished products in the industrial enterprise		433 days	8,8%	398 days	-11,0%	447 days	309 days	40,1%
Rotation tangible assets		433,14%	8,7%	398,36%	-10,8%	446,53%	347,59%	24,6%

Profitability of the business

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading		0,05%	-97,1%	1,75%	4,8%	1,67	49,55%	-99,9%
Profitability of the business		12,54	172,6%	4,60	-60,6%	11,67	7,14%	75,6%
Net profit		0,32%	108,3%	-3,84%	-176,3%	5,03%	2,84%	-88,7%
More ratios
Growth rate of turnover (excluding VAT)		8,22%	217,4%	2,59%	-81,3%	13,88%	2,97%	176,8%
Rates integration		44,72%	12,1%	39,88%	-11,1%	44,85%	31,90%	40,2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		67,87%	-18,9%	83,68%	19,8%	69,85%	70,23%	-3,4%
Weight interests		3,42	22,6%	2,79%	2,6%	2,72%	0,54%	533,3%

Return on capital

		31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability		0,72%	165,5%	-1,10%	-120,3%	5,41%	6,32%	-88,6%
Rates of economic profitability		18%	200%	6%	-62,5%	16%	15,32%	17,5%
Financial profitability		7840584%	1,0%	7761446%	-14,4%	9070361%	19290%	40545,8%
Return on investment		5,48%	509,0%	-1,34%	-112,6%	10,65%	7,96%	-31,2%

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	24 795 236	8,2%	22 912 399	2,6%	22 333 343	252 976 €	9701,4%

Sales of goods	2 203 507	6,9%	2 061 370	-8,2%	2 245 461
- Purchase of goods	2 175 995	39,1%	1 564 350	-21,1%	1 983 691
+/- Stock of goods variation	14 732	-84,8%	96 896	187,4%	-110 817
Trading margin	12 780 €	-96,8%	400 124 €	7,4%	372 587 €	84 302 €	-84,8%
	0,05 % CA	-97,1%	1,75 % CA	4,8%	1,67 % CA	49,94 % CA	-99,9%

Sale of goods produced	22 591 729	8,3%	20 851 029	3,8%	20 087 882
+/- Stocked production	398 131	267,3%	108 395	-36,4%	170 347
+ Self-constructed assets	0	0%	0	0%	9 459
Period production	22 989 860 €	9,7%	20 959 424 €	3,4%	20 267 688 €	1 937 €	1186779,7%
	92,72 % CA	1,4%	91,48 % CA	0,8%	90,75 % CA	2,72 % CA	3308,8%

Trading margin	12 780	-96,8%	400 124	7,4%	372 587	84 302	-84,8%
+ Period Production	22 989 860	9,7%	20 959 424	3,4%	20 267 688	1 937	1186779,7%
- Purchase of raw materials	6 687 967	-9,0%	7 349 415	8,7%	6 761 740
+/- Change in stocks of raw materiels	127 179	126,5%	-480 250	-16,8%	-411 213
- Other external purchases and charges	5 099 342	-4,7%	5 352 087	25,3%	4 272 362
Added value	11 088 152 €	21,3%	9 138 296 €	-8,8%	10 017 386 €	89 911 €	12232,4%
	44,72 % CA	12,1%	39,88 % CA	-11,1%	44,85 % CA	31,90 % CA	40,2%

Added value	11 088 152 €	21,3%	9 138 296 €	-8,8%	10 017 386 €	89 911 €	12232,4%
+ Operating grants	3 873	-53,3%	8 302	0%	0
- Tax, duty and similar payments	457 376	2,7%	445 474	7,8%	413 100
- Personal charges	7 525 158	-1,6%	7 646 705	9,3%	6 997 311
Gross operating surplus	3 109 491 €	194,9%	1 054 419 €	-59,6%	2 606 975 €	17 193 €	17985,8%
	12,54 % CA	172,6%	4,60 % CA	-60,6%	11,67 % CA	7,14 % CA	75,6%

Gross operating surplus	3 109 491 €	194,9%	1 054 419 €	-59,6%	2 606 975 €	17 193 €	17985,8%
+ Release of reserves and provisions	414 278	28,2%	323 072	30,4%	247 789
+ Other operating income	7 343	141,1%	3 046	-26,7%	4 153
- Depreciation/Amortisation	555 267	-52,4%	1 166 598	126,0%	516 243
- Other charges	70 200	-14,8%	82 398	-7,6%	89 147
Operating result	2 905 645 €	2108,9%	131 541 €	-94,2%	2 253 527 €	10 344 €	27990,1%
	11,72 % CA	1956,1%	0,57 % CA	-94,4%	10,09 % CA	4,11 % CA	185,2%

Operating result	2 905 645 €	2108,9%	131 541 €	-94,2%	2 253 527 €	10 344 €	27990,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	89 395	-77,6%	399 204	-1,0%	403 299
- Financial charges	847 079	32,4%	639 613	5,5%	606 475
Pre-tax result	2 147 961 €	2073,0%	-108 868 €	-105,3%	2 050 351 €	8 280 €	25841,6%
	8,66 % CA	1904,2%	-0,48 % CA	-105,2%	9,18 % CA	3,48 % CA	148,9%

Extraordinary income	305 884	-65,0%	872 712	651,2%	116 179	28	1092342,9%
- Extraordinary charges	2 374 707	44,6%	1 642 756	1549,3%	99 606
Extraordinary result	-2 068 823 €	-168,7%	-770 044 €	-4746,4%	16 573 €	0 €	0%
	-8,34 % CA	-148,2%	-3,36 % CA	-4900%	0 % CA	-00,01 % CA	-83300%

Pre-tax result	2 147 961 €	2073,0%	-108 868 €	-105,3%	2 050 351 €	8 280 €	25841,6%
Extraordinary result	-2 068 823 €	-168,7%	-770 044 €	-4746,4%	16 573 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	218 967
- Tax on profits	0	0%	0	0%	725 369
Net result	79 138 €	109,0%	-878 912 €	-178,3%	1 122 588 €	7 610 €	939,9%
	0,32 % CA	108,3%	-3,84 % CA	-176,3%	5,03 % CA	2,84 % CA	-88,7%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Last published preferential right	This company is not under monitoring
Collection of preferential rights for this company has been stopped by the Court

Trends

Profitability

Liquidity

Net worth

Commentary

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

	The shareholder's equity is 7,840,584 €
	The creditor days are 36.04
	The risk provisions are 2,768,260 €
	The total assets are 24,477,756 €
	The company has 3 directors
	Industry code with low risk rating
	Department code with low risk rating
	The liabilities are 13,868,039 €
	The net current assets are 13,627,203 €
	The net turnover is 24,795,236 €
	The ratio total assets to total liabilities is 1,47
	The return on total assets employed is 0,32
	High risk workforce size
	The pre-tax profit is 79,138 €
	The sales to current assets ratio is 1,82
	The stock to turnover ratio is 25.15
	The decrease of tangible fixed assets over the last two accounting periods is 17 %

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	04/06/2009	Monitored stopped since	04/06/2012
Status of Monitoring	Collection of preferential rights for this company has been stopped by the Court

event history

Status history

Date	Description
10/08/2011	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
30/06/2013	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 1855 - 451570519 RCS. "DAMMANN FRERES". Forme : Société par actions simplifiée. Adresse : 1 rue de Réveillon 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
28/11/2012	Bodacc B	Modification et mutation diverse
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 294 - 451 570 519 RCS Chartres. "DAMMANN FRERES". Forme : Société par actions simplifiée. Administration : Président : JUMEAU-LAFOND Didier Directeur général : DEVOS Jean-Luc Directeur général : VARIN Flora né(e) JUMEAU-LAFOND Commissaire aux comptes titulaire : ERNEST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX. Activité : . Commentaires : Modification survenue sur l'administration.
21/11/2012	JAL	Appointment of the social representative
Echo de Brou (L ) Date de décision : 08/11/2012 Société faisant l'objet d'une nomination : 451570519 - DAMMANN FRERES, 1 RUE DE REVEILLON, 28100 DREUX Nominé : Madame Flora VARIN, 92100 BOULOGNE BILLANCOURT En la fonction de : Directeur général
24/10/2012	Bodacc B	Modification et mutation diverse
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 695 - 451 570 519 RCS Chartres. "DAMMANN FRERES". Forme : Société par actions simplifiée. Activité : Directement ou indirectement en France et à l'étranger pour son propre compte ou pour le compte de tiers, toutes opérations d'achats et de ventes de transformation ou de conditionnement de produits, objets et articles alimentaires ou manufacturés provenant de France ou de pays d'outremer par importation ou exportation et plus particulierement de ou vers les pays d'extème orient ainsi que toutes operations industrielle, boutique d'usine. Commentaires : Modification survenue sur l'activité.
05/07/2012	Bodacc C	Comptes annuels et rapports
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 3357 - 451570519 RCS. "DAMMANN FRERES". Forme : Société par actions simplifiée. Adresse : 1 rue de Réveillon 28100 Dreux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
03/08/2011	Bodacc A	Immatriculation
28 - EURE-ET-LOIR GREFFE DU TRIBUNAL DE COMMERCE DE CHARTRES 256 - 451 570 519 RCS Chartres. "DAMMANN FRERES". Forme : Société par actions simplifiée. Administration : Président : JUMEAU-LAFOND Didier Directeur général : DEVOS Jean-Luc Commissaire aux comptes titulaire : ERNEST & YOUNG et Autres Commissaire aux comptes suppléant : AUDITEX. Capital : 2534090 EUR. Adresse : 1 rue de Réveillon, 28100 Dreux. Etablissement : Etablissement principal. Activité : Directement ou indirectement en France et à l'étranger pour son propre compte ou pour le compte de tiers, toutes opérations d'achats et de ventes de transformation ou de conditionnement de produits, objets et articles alimentaires ou manufacturés provenant de France ou de pays d'outremer par importation ou exportation et plus particulierement de ou vers les pays d'extème orient ainsi que toutes operations industrielle. Adresse : 1 rue de Réveillon, 28100 Dreux. A dater du : 18/07/2011. Date de commencement de l’activité : 01/01/2004. Descriptif : Immatriculation suite ¿ transfert de son si¿ge social hors ressort. Commentaires : Immatriculation d'une personne morale suite à transfert de son siège social.
20/07/2011	JAL	Head Office Transfer
Echo de Brou (L') Date de décision : 24/05/2011 Transfert du siège social de la société 451570519 -  DAMMANN FRERES Adresse du nouveau siège : 1 Rue de Réveillon, 28100 DREUX Ancienne localisation : 1761 RTE DES QUATRE SOUS, ZI LES MAISONS BLANCHES, 78630 ORGEVAL Date d'effet : 10/08/2011
12/07/2011	JAL	Head Office Transfer
Semaine de l'Ile-de-France (La) Date de décision : 24/05/2011 Transfert du siège social de la société 451570519 -  DAMMANN FRERES Adresse du nouveau siège : 1 Rue de Réveillon, 28100 DREUX Ancienne localisation : 1761 RTE DES QUATRE SOUS, ZI LES MAISONS BLANCHES, 78630 ORGEVAL Date d'effet : 10/08/2011
04/07/2011	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 10959 - 451570519 RCS. DAMMANN FRERES. Forme : Société par actions simplifiée. Adresse : 1761 route des Quarante sous Zone Industrielle les Maisons Blanches 78630 Orgeval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
19/08/2010	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 6423 - 451570519 RCS. DAMMANN FRERES. Forme : Société par actions simplifiée. Adresse : 1761 route des Quarante sous Zone Industrielle les Maisons Blanches 78630 Orgeval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
24/06/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1682 - 451 570 519 RCS Versailles. DAMMANN FRERES. Forme : Société par actions simplifiée. Administration : Président : JUMEAU-LAFOND Didier modification le 02 Juillet 2008. Directeur général : DEVOS Jean-Luc modification le 02 Juillet 2008. Commissaire aux comptes suppléant : AUDITEX en fonction le 16 Juin 2009. Commissaire aux comptes titulaire : ERNST & YOUNG et Autres en fonction le 16 Juin 2009. Commentaires : Modification de représentant.
17/06/2009	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 6594 - 451570519 RCS. DAMMANN FRERES. Forme : Société par actions simplifiée. Adresse : 1761 route des Quarante sous Zone Industrielle les Maisons Blanches, 78630 Orgeval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
27/01/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1831 - 451 570 519 RCS Versailles. DAMMANN FRERES. Forme : Société par actions simplifiée. Capital : 2534090 EUR. Commentaires : Modification du capital.
29/07/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 5349 - 451570519 RCS. DAMMANN FRERES. Forme : Société par actions simplifiée. Adresse : 1761 route des Quatre sous Zone Industrielle les Maisons Blanches, 78630 Orgeval. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
13/07/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2188 - 451 570 519 RCS Versailles. DAMMANN FRERES. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire : ERNST& YOUNG AUDITCommissaire aux comptes suppléant : DELAUNAY Beatrice. Président : JUMEAU-LAFOND Didier modification le 02 Juillet 2008. Directeur général : DEVOS Jean-Luc modification le 02 Juillet 2008. Activité : directement ou indirectement en France et à l'étranger pour son propre compte ou pour le compte de tiers, toutes opérations d'achats et de ventes de transformation ou de conditionnement de produits, objets et articles alimentaires ou manufacturés provenant de France ou de pays d'outremer par importation ou exportation et plus particulièrement de ou vers les pays d'Extrème orient ainsi que toutes opérations industrielle. Commentaires : Modification du nom, nom d'usage, prénom ou de la dénomination. Modification de la forme juridique. Modification de l'activité. Modification de représentant. Date de commencement de l’activité : 01/01/2004.
03/06/2007	Bodacc B	Modifications et mutations diverses
1981 - RCS B 451 570 519. RC 07-B 1865. COMPAGNIE GIELLE. Forme : S.A. Capital : 506 818 euros. Adresse du siège social : Z.I. Les Maisons-Blanches, 1761 route des Quatre-Sous, 78630 Orgeval. Administration : commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppléant : DELAUNAY (Béatrice). Président du conseil d'administration et directeur général : JUMEAU-LAFOND (Didier). Administrateur : PONTIGGIA (Orio). Directeur général délégué : DEVOS (Jean-Luc). Administrateurs : TOMMASINI (Luigi) CUCCOLI (Stefano). Etablissement principal - Activité : prise de participations dans toutes sociétés et entreprises financières, civiles, commerciales, industrielles, mobilières ou immobilières ou de services tant françaises qu'étrangères et toutes opérations financières, commerciales, industrielles, civiles, mobilières et immobilières, de services, de commissions ou autres, soit directement, soit indirectement, pour son propre compte, pour le compte de tiers, à la commission, au courtage, au forfait, en régie, comme représentants, mandataires de toutes formes ou à un autre titre. Gestion du portefeuille d'investissements que la société a pour objet de détenir et d'exploiter, notamment par voie de souscription, d'acquisition ou de cession . Adresse : Z.I. Les Maisons-Blanches, 1761 route des Quatre-Sous, 78630 Orgeval. Commentaires : cette société transfère son siège social du 28 rue Boissy-d'Anglas, 75008 Paris. Modification survenue sur le capital (augmentation). Date d'effet : 19 février 2007.
23/08/2006	Bodacc B	Modifications et mutations diverses
2036 - RCS Paris B 451 570 519. RC 04-B 799. COMPAGNIE GIELLE. Forme : S.A. à directoire et conseil de surveillance. Capital : 483 493 euros. Adresse du siège social : 28 rue Boissy-d'Anglas,, 75008 Commentaires : modification survenue sur l'administration. Administration : modification d'un vice-président et membre du conseil de surveillance : RUPPLI (Frédéric). Modification du président du directoire : JUMEAU-LAFOND (Didier). Membre du directoire partant : GERVAIS (Bernard). Nomination d'un membre du directoire : DEVOS (Jean-Luc).
31/07/2006	Bodacc C	Avis de dépôt des comptes
4195 - RCS Paris B 451 570 519. RC 04-B 799. COMPAGNIE GIELLE. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 28, R Boissy D Anglas,Paris, 75008 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2005.
31/07/2006	Bodacc C	Avis de dépôt des comptes
4196 - RCS Paris B 451 570 519. RC 04-B 799. COMPAGNIE GIELLE. Forme: société anonyme à directoire et conseil de surveillance. Adresse du siège social: 28, R Boissy D Anglas,Paris, 75008 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
10/03/2006	Bodacc B	Modifications et mutations diverses
1187 - RCS Paris B 451 570 519. RC 04-B 00799. COMPAGNIE GIELLE. Forme : S.A. à directoire et conseil de surveillance. Capital : 483 493 euros. Adresse du siège social : 28 rue Boissy-d'Anglas,, 75008 Administration : nouveau membre du conseil de surveillnce : COMPAGNIE DE GESTION ET DE PARTICIPATION-COGEPA. Nouveau membre du directoire : GERVAIS (Bernard). Commentaires : modification survenue sur la dénomination, la forme juridique, l'administration et le capital (augmentation).
18/06/2005	Bodacc C	Avis de dépôt des comptes
4582 - RCS Paris B 451 570 519. RC 04-B 799. FINANCIERE A.R.T.. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 28, rue Boissy D Anglas,75008 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
09/06/2005	Bodacc B	Modifications et mutations diverses
896 - RCS Paris B 451 570 519. RC 04-B 799. FINANCIERE A.R.T. Forme : S.A.S. Commentaires : modification survenue sur l'administration. Administration : président partant : RENAUDIN (Louis). Nomination du président : RUPPLI (Frédéric).
15/02/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 451570519 RC 04-B 799 FINANCIERE A.R.T. Forme : S.A.S. Commentaires : modification survenue sur la date de début d'activité Date de début d'activité: 1 e r janvier 2004.
25/01/2004	Bodacc A	Création d'établissement
RCS Paris B 451570519 RC 04-B 799 FINANCIERE A.R.T. Forme : S.A.S. Capital : 37 000 euros. Activité : prise de participations dans toutes sociétés et entreprises financières, civiles, commerciales, industrielles, mobilières, immobilières ou de services tant françaises qu'étrangères. Toutes opérations financières, commerciales, industrielles, civiles, mobilières, immobilières, de services, de commission ou autres, directement ou indirectement, pour son propre compte ou celui de tiers, à la commission, au courtage, à forfait, en régie, comme représentant, mandataire ou à un autre titre. Gestion du portefeuille d' investissement que la société a pour objet de détenir et d'exploiter, notamment par voie de souscription, d' acquisition ou de cession. Adresse du siège social : 28 rue Boissy-d'Anglas, 75008 Paris. Administration : président : RENAUDIN (Louis). Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT. Commissaire aux comptes suppléant : DELAUNAY (Béatrice) Cette société se constitue Date de début d'activité: 13 janvier 2004.

Company events history

Date	Description
20/10/2013	Update Limit
20/10/2013	Update Rating
17/10/2013	Update Limit
17/10/2013	Update Rating
03/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/07/2013	Update Rating
18/07/2013	Update Limit
30/06/2013	Bodacc C : Deposit accounts notice
08/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
28/11/2012	Bodacc B: Various editing or changing
15/11/2012	Minutes of general meeting of shareholders
15/11/2012	Changes to the Board of Directors
08/11/2012	Legal Gazette: Appointment of the social representative
24/10/2012	Bodacc B: Various editing or changing
05/07/2012	Bodacc C : Deposit accounts notice
20/06/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
04/06/2012	Collection of preferential rights for this company has been stopped by the Court
31/12/2011	New accounts available
07/10/2011	New shareholders detected
07/10/2011	New subsidiarie(s) detected
07/10/2011	New ultimate parent
07/10/2011	New parent detected
10/08/2011	Update of Company Head Office Identifier
10/08/2011	Transfer of Establishment
10/08/2011	Other modification of Establishment
03/08/2011	Bodacc A : Registration
20/07/2011	Legal Gazette: Head Office Transfer
18/07/2011	Minutes of general meeting of shareholders
18/07/2011	Registered office transferred inside jurisdiction of the Commercial Court
18/07/2011	Updated articles of association
12/07/2011	Legal Gazette: Head Office Transfer
04/07/2011	Bodacc C : Deposit accounts notice
23/06/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
19/08/2010	Bodacc C : Deposit accounts notice
14/05/2010	Minutes of general meeting of shareholders
14/05/2010	Updated articles of association
31/12/2009	New accounts available
24/06/2009	Bodacc B: Various editing or changing
17/06/2009	Bodacc C : Deposit accounts notice
16/06/2009	New auditor
16/06/2009	Appointment/resignation of company officers
16/06/2009	Minutes of general meeting of shareholders
16/06/2009	Changement de Commissaire aux Comptes
16/06/2009	Private document
16/06/2009	PV d'Assemblée
04/06/2009	Collection of preferential rights activated for this company
27/01/2009	New Bodacc B ads detected
27/01/2009	Bodacc B: Various editing or changing
14/01/2009	Updated articles of association
14/01/2009	Statuts mis à jour
14/01/2009	Minutes of general meeting of shareholders
14/01/2009	PV d'Assemblée
14/01/2009	Private document
14/01/2009	Augmentation de Capital
14/01/2009	Capital increase
31/12/2008	New accounts available
29/07/2008	Bodacc C : Deposit accounts notice
13/07/2008	New Bodacc B ads detected
13/07/2008	Bodacc B: Various editing or changing
02/07/2008	New company name
02/07/2008	Changement de Président (PDG, PCA)
02/07/2008	New chairman (CEO, CoB)
02/07/2008	Changes to the Board of Directors
02/07/2008	Modification du Conseil d'Administration
02/07/2008	Private document
02/07/2008	Nomination/démission des organes de gestion
02/07/2008	Appointment/resignation of company officers
02/07/2008	Minutes of general meeting of shareholders
02/07/2008	Statuts mis à jour
02/07/2008	Updated articles of association
02/07/2008	Rapport des Commissaires ou du Gérant
02/07/2008	Audit or Management Report
02/07/2008	Changement de dénomination sociale
02/07/2008	Change to corporate purpose
02/07/2008	Modification de l'objet social
02/07/2008	New legal form – no new category
02/07/2008	PV d'Assemblée
20/05/2008	Amendment
20/05/2008	Projet de Fusion
20/05/2008	Planned merger
20/05/2008	Private document
20/05/2008	Acte modificatif
26/03/2008	Application and court order
25/03/2008	Application and court order
25/03/2008	Acte modificatif
25/03/2008	Requête et Ordonnance
31/12/2007	New accounts available
03/05/2007	Transfert du Siège hors du ressort du Tribunal de Commerce
03/05/2007	Immatriculation suite à transfert
03/05/2007	Registration after transfer
03/05/2007	Changement de Président (PDG, PCA)
03/05/2007	Modification du Conseil d'Administration
03/05/2007	Private document
03/05/2007	Certificat de dépôt des fonds
03/05/2007	Fund deposit certificate
03/05/2007	Nomination/démission des organes de gestion
03/05/2007	Appointment/resignation of company officers
03/05/2007	PV d'Assemblée
03/05/2007	Minutes of general meeting of shareholders
03/05/2007	PV du Conseil d'Administration
03/05/2007	Minutes of Board meeting
03/05/2007	Statuts mis à jour
03/05/2007	Updated articles of association
03/05/2007	Acte modificatif
03/05/2007	Augmentation de Capital
03/05/2007	Capital increase
26/06/2006	Changement de Président (PDG, PCA)
26/06/2006	Changement de date de clôture
26/06/2006	New closing date
26/06/2006	Acte sous seing privé
26/06/2006	Private document
26/06/2006	Updated articles of association
26/06/2006	Nomination/démission des organes de gestion
26/06/2006	Minutes of general meeting of shareholders
26/06/2006	PV d'Assemblée
26/06/2006	Statuts mis à jour
26/06/2006	Appointment/resignation of company officers
31/12/2005	New accounts available
18/11/2005	Nomination/démission des organes de gestion
18/11/2005	Augmentation de Capital
18/11/2005	Capital increase
18/11/2005	Changement de dénomination sociale
18/11/2005	New company name
18/11/2005	Changement de Président (PDG, PCA)
18/11/2005	Changement de date de clôture
18/11/2005	Amendment
18/11/2005	Acte modificatif
18/11/2005	Updated articles of association
18/11/2005	Statuts mis à jour
18/11/2005	Acte sous seing privé
18/11/2005	Private document
18/11/2005	Certificat de dépôt des fonds
18/11/2005	Fund deposit certificate
18/11/2005	PV d'Assemblée
18/11/2005	Minutes of general meeting of shareholders
18/11/2005	Appointment/resignation of company officers
18/11/2005	Apport Partiel
18/11/2005	Changement de Forme Juridique avec changement de catégorie
31/05/2005	New accounts available
20/05/2005	PV d'Assemblée
20/05/2005	Minutes of general meeting of shareholders
20/05/2005	Appointment/resignation of company officers
20/05/2005	Statuts mis à jour
20/05/2005	Updated articles of association
20/05/2005	Private document
20/05/2005	Acte sous seing privé
20/05/2005	Nomination/démission des organes de gestion
20/05/2005	Changement de Président (PDG, PCA)
04/05/2005	Private document
04/05/2005	Acte sous seing privé
04/05/2005	Rapport des Commissaires ou du Gérant
04/05/2005	Audit or Management Report
21/03/2005	Application and court order
21/03/2005	Requête et Ordonnance
31/12/2004	New accounts available
15/01/2004	Changement de Président (PDG, PCA)
15/01/2004	Acte sous seing privé
15/01/2004	Certificat de dépôt des fonds
15/01/2004	PV d'Assemblée
15/01/2004	Statuts
15/01/2004	Acte modificatif
15/01/2004	Formation de Société
15/01/2004	Nomination/démission des organes de gestion

Establishment events history

Date	Description
10/08/2011	Modification of Head office
10/08/2011	Formation of Head office (after transfer)

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.32
UK Pound	1	Rs.100.04
Euro	1	Rs.82.65

INFORMATION DETAILS

Analysis Done by :	DIV
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.