MIRA INFORM REPORT

Report Date :

18.04.2014

IDENTIFICATION DETAILS

Name :	ITRON FRANCE

Registered Office :	52 Rue Camille Desmoulins 92130 Issy Les Moulineaux

Country :	France

Financials (as on) :	31.12.2012

Date of Incorporation :	December 2000

Legal Form :	Simplified joint stock company

Line of Business :	Manufacture of scientific instrumentation and technical

No. of Employees	1,000 to 1,999

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

France

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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

ITRON FRANCE

SIRET

434 027 249 00219

Company summary

		EUR VAT Number	FR28434027249
Activity (APE)	Manufacture of scientific instrumentation and technical	Legal form	Simplified joint stock company
Phone	04 78 90 93 67	RCS Registration	RCS Nanterre 0 434 027 249
Fax		Share capital	17,851,698 Euros
Address	ITRON FRANCE 52 RUE CAMILLE DESMOULINS 92130 ISSY LES MOULINEAUX	Incorporated Date	12/2000
Nationality	France	Status	Economically active

Company details

Activity (APE)	Manufacture of scientific instrumentation and technical
RCS Registration	RCS Nanterre 0 434 027 249	Share capital	17,851,698 Euros
Registration Court	Nanterre (92)	Legal form	Simplified joint stock company
Court Registry Number	20 0 0B06427	EUR VAT Number	FR28434027249
Incorporation Date	12/2000	Formation Date	12/2000
Deregistration Date		Last account Date	31/12/2012
Nationality	France

DIRECTORS/MANAGEMENT

Directors

Name	M. MICHAUDEL PASCAL
Manager position	President	Date of birth	04/03/1958
Place of birth	NOGENT LE ROTROU
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M PASCAL MICHAUDEL	- - -
President	M PASCAL MICHAUDEL	04/03/1958 - NOGENT LE ROTROU

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	28/09/2007
Status of Monitoring	This company is under monitoring with at least one active preferential right
Number of active preferential rights	5
Total amount	159 956 EUR
Due remaining amount	159 956 EUR

Social security, pension funds preferential rights

Number of preferential rights	5
Total amount	159 956 EUR
Due remaining amount	159 956 EUR
Date of last preferential right	27/03/2014

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Payment Information Summary - Trade Payment Data
	Total number of Invoices available	14
	Total number of Invoices paid within or up to 30 days after the due date	9
	Total number of Invoices paid more than 30 days after the due date	5
	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

	Last published preferential right	27/03/2014
	This company is under monitoring with at least one active preferential right

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number	Click here to view the affiliation links
	ITRON INC	US15960639	29 companies in 8 countries. Click here to visit linked companies

Group data

Ultimate parent company	ITRON INC
Direct parent	ITRON HOLDING FRANCE - 100 %
Group – Number of companies	7
Linkages – Number of companies	29
Number of countries	8

Company Name	SIREN	Parts	Last account published
ITRON INC	US15960639	-	-
GANZ METER COMPAGNY LTD	-	Majority	-
ASAIS	333088698	100%	31/12/2012
ASAIS CONSEIL	418562872	100%	31/12/2012
ITRON HOLDING FRANCE	495386831	Majority	31/12/2012
ITRON FRANCE	434027249	100%	31/12/2012
PT MECOINDO	-	Majority	-

Company Name	SIREN	Last account	Turnover
ITRON DEVELOPMENT UK LTD	06195664	31/12/2012	0 £
ITRON NEDERLAND B.V.	23044232	31/12/2011	30 454 096 €
ITRON SAS	342865136	31/12/2011	5 231 444 €
ITRON METERING SOLUTIONS UK LIMITED	04274515	31/12/2012	78 376 000 £
ITRON LIMITED	02117758	31/12/2008	-
ITRON LUXEMBOURG	B128022	-	-
ITRON US GAS, LLC	US09883945	-	0 $
SMARTSYNCH, INC	US11126022	-	294 000 $
ACTARIS METERING SYSTEMS	US41190598	-	4 889 000 $
ACTARIS LIQUID MEASUREMENT LLC	US46160655	-	2 621 000 $
ELECTRICITY METERING DISTRIBUC	-	-	-
ELECTRICITY METERING SERVICIOS	-	-	-
EMD HOLDINGS, INC.	-	-	-
ITRON	-	-	-
ITRON AUSTRALASIA HOLDINGS	-	-	-
ITRON AUSTRALASIA PARTY LIMITE	-	-	-
ITRON AUSTRALASIA TECHNOLOGIES	-	-	-
ITRON B.C COROPRATION	-	-	-
ITRON CANADA, INC.	-	-	-
ITRON CONNECTICUT FINANCE, INC	-	-	-
ITRON DE MEXICO, S.A. DE C.V.	-	-	-
ITRON FINANCE, INC.	-	-	-
ITRON FRANCE SARL	-	-	-
ITRON GUAM , INC	-	-	-
ITRON INTERNATIONAL, INC	-	-	-
ITRON SPECTRUM HOLDINGS, INC.	-	-	-
SILICON ENERGY CORP. (BVI), LT	-	-	-
SLCN LIMITED	-	-	-
SLCN NERTHERLANDS B.V	-	-	-

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	350,584,125 €	305,249,778 €	286,366,903 €
Gross Operating Surplus	7,14 % Turnover	4,71 % Turnover	6,18 % Turnover
Shareholders’ equity	106,687,476 €	100,648,147 €	109,231,486 €
Net result	15,984,933 €	10,398,408 €	21,773,558 €
Employees	1 000 to 1 999 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
Date of capture	12/09/2013	21/09/2012	11/11/2011
Activity Code	2651B	2651B	2651B
Employees	1121	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	105 765 036	6,5%	99 345 654	10,1%	90 259 687	93 110,50	113490,9%
- Intangible assets	1 687 208	-2,2%	1 725 783	521,8%	277 536	6 690	25119,9%
- Tangible assets	39 550 416	19,6%	33 066 177	9,9%	30 087 048	33 290,50	118703,9%
- Financial assets	64 527 412	0,0%	64 553 694	7,8%	59 895 103	5 673,50	1137247,5%
Net current assets	106 226 608	12,2%	94 660 716	-14,7%	110 971 009	724 743,50	14557,1%
- Stocks	27 576 970	8,7%	25 370 766	11,8%	22 699 451	135 265	20287,4%
- Advanced payments	460 319	12,2%	452 464	13,4%	398 968	0	0%
- Receivables	71 729 369	11,3%	64 455 400	-10,1%	71 719 753	306 724,50	23285,6%
- Securities and cash	6 459 950	47,4%	4 382 086	-72,9%	16 152 837	122 732,50	5163,4%
- Prepaid expenses	-	-	-	-	-	364	-
Accounts of regularization	75 499	26,7%	59 588	-78,8%	280 905	0	0%
Total Assets	212 067 143	9,3%	194 065 958	-3,7%	201 511 601	864 764	24423,1%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	106 687 476	6,0%	100 648 147	-7,9%	109 231 486	380 176,50	27962,6%
Share capital	17 851 698	0%	17 851 698	0%	17 851 698	80 000	22214,6%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	11 773 851	2,0%	11 545 666	-4,6%	12 103 930	0	0%
Liabilities	93 588 874	14,4%	81 836 947	2,1%	80 166 889	365 098,50	25533,9%
- Financial liabilities	6 913	-86,9%	52 641	-34,0%	79 711	59 186,50	-88,3%
- Advanced payments received	3 541 412	119,1%	1 616 710	70,1%	950 520	0	0%
- Trade account payables	53 293 142	9,6%	48 633 476	-7,0%	52 302 363	108 647,50	48951,4%
- Tax and social liabilities	20 259 309	11,4%	18 181 028	7,5%	16 909 525	127 753	15758,2%
- Other debts and fixed assets liabilities	14 473 493	35,9%	10 650 345	27,4%	8 359 909	5 647	256204,1%
Account regularization	2 031 547	-25,8%	2 737 945	73,9%	1 574 157	0	0%
Total liabilities	212 067 143	9,3%	194 065 958	-3,7%	201 511 601	864 764	24423,1%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	356 199 220	13,2%	314 700 264	7,3%	293 387 137	1 104 235	32157,6%
Net turnover	350 584 125	14,9%	305 249 778	6,6%	286 366 903	1 020 929	34239,7%
- of which net export turnover	202 353 294	24,6%	162 421 853	9,5%	148 338 174	26 679,50	758359,8%
Operating charges	339 410 898	10,8%	306 374 683	8,7%	281 740 452	1 110 095	30474,9%
Operating profit/loss	16 788 322	101,6%	8 325 581	-28,5%	11 646 685	37 651,50	44488,7%
Financial income	3 914 006	-5,7%	4 148 505	-68,3%	13 091 670	1 366	286430,5%
Financial charges	293 495	-66,4%	873 879	38,9%	629 031	2 910,50	9984,0%
Financial profit/loss	3 620 511	10,6%	3 274 626	-73,7%	12 462 639	-154,50	2343472,8%
Pretax net operating income	20 408 833	75,9%	11 600 207	-51,9%	24 109 324	35 732	57016,4%
Extraordinary income	2 053 557	22,2%	1 681 000	13,1%	1 485 897	548,50	374295,1%
Extraordinary charges	2 554 911	-1,9%	2 605 327	-2,1%	2 661 284	513	497933,3%
Extraordinary profit/loss	-501 354	45,8%	-924 327	21,4%	-1 175 387	0	0%
Net result	15 984 933	53,7%	10 398 408	-52,2%	21 773 558	48 970	32542,3%

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	212 067 143	9,3%	194 065 958	-3,7%	201 511 601
Gross	CO	271 697 649	8,5%	250 371 626	-1,8%	254 931 263
Amortisation	1A	59 630 506	5,9%	56 305 668	5,4%	53 419 662

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	105 765 036	6,5%	99 345 654	10,1%	90 259 687
Gross	BJ	160 952 132	6,5%	151 179 272	9,6%	137 889 248
Amortisation	BK	55 187 096	6,5%	51 833 618	8,8%	47 629 561

Intangible 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	724 021	1,3%	715 031	157,6%	277 536
	Gross	AF	3 105 662	14,8%	2 704 371	28,6%	2 103 585
	Amortisation	AG	2 381 641	19,7%	1 989 340	8,9%	1 826 049
	Goodwill	Net	963 187	-4,7%	1 010 752	0%	0
	Gross	AH	963 187	-4,7%	1 010 752	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	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	1 687 208	-2,2%	1 725 783	521,8%	277 536

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	1 052 920	-0,1%	1 053 910	-0,1%	1 054 900
Gross	AN	1 075 888	0%	1 075 888	0%	1 075 888
Amortisation	AO	22 968	4,5%	21 978	4,7%	20 988
Buildings	Net	7 877 046	14,5%	6 878 013	9,4%	6 287 755
Gross	AP	17 189 365	12,7%	15 258 456	5,4%	14 473 461
Amortisation	AQ	9 312 319	11,1%	8 380 443	2,4%	8 185 706
Plant	Net	20 726 418	30,8%	15 846 980	-4,9%	16 665 758
Gross	AR	59 644 788	12,5%	53 006 788	5,2%	50 389 523
Amortisation	AS	38 918 370	4,7%	37 159 808	10,2%	33 723 765
Other tangible fixed assets	Net	2 389 683	26,8%	1 885 244	24,9%	1 509 925
Gross	AT	6 941 481	12,6%	6 167 293	14,6%	5 382 978
Amortisation	AU	4 551 798	6,3%	4 282 049	10,6%	3 873 053
Fixed assets in construction	Net	7 231 074	1,9%	7 093 086	88,1%	3 770 991
Gross	AV	7 231 074	1,9%	7 093 086	88,1%	3 770 991
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	273 275	-11,5%	308 944	-61,3%	797 719
Gross	AX	273 275	-11,5%	308 944	-61,3%	797 719
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	39 550 416		33 066 177		30 087 048

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	33 464 835	0%	33 464 835	0%	33 464 835
Gross	CU	33 464 835	0%	33 464 835	0%	33 464 835
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	30 830 665	0,0%	30 834 953	17,5%	26 232 298
Gross	BF	30 830 665	0%	30 834 953	0%	26 232 298
Amortisation	BG	0		0		0
Other financial assets	Net	231 912	-8,7%	253 906	28,3%	197 970
Gross	BH	231 912	-8,7%	253 906	28,3%	197 970
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		64 527 412		64 553 694		59 895 103

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	106 226 608	12,2%	94 660 716	-14,7%	110 971 009
Gross	CJ	110 670 018	11,6%	99 132 766	-15,1%	116 761 110
Amortisation	CK	4 443 410	-0,6%	4 472 050	-22,8%	5 790 101

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	8 832 159	6,0%	8 335 034	-0,4%	8 367 653
Gross	BL	10 732 249	9,2%	9 830 394	-3,9%	10 233 485
Amortisation	BM	1 900 090	27,1%	1 495 360	-19,9%	1 865 832
Work in progress (goods)	Net	214 672	-45,6%	394 606	679,7%	50 612
Gross	BN	214 672	-45,6%	394 606	679,7%	50 612
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	635 143	139,8%	264 843	0%	0
Gross	BP	635 143	139,8%	264 843	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	13 931 288	10,6%	12 596 409	43,3%	8 790 761
Gross	BR	14 658 950	6,9%	13 710 772	43,0%	9 590 514
Amortisation	BS	727 662	-34,7%	1 114 363	39,3%	799 753
Goods for resale	Net	3 963 708	4,9%	3 779 874	-31,2%	5 490 425
Gross	BT	4 316 582	7,5%	4 015 294	-29,4%	5 687 865
Amortisation	BU	352 874	49,9%	235 420	19,2%	197 440
Sub Total Stocks	Net	27 576 970	8,7%	25 370 766	11,8%	22 699 451

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	460 319	1,7%	452 464	13,4%	398 968
Gross	BV	460 319	1,7%	452 464	13,4%	398 968
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	57 509 177	6,5%	54 001 642	-6,5%	57 732 806
Gross	BX	58 956 089	6,2%	55 537 471	-8,4%	60 625 060
Amortisation	BY	1 446 912	-5,8%	1 535 829	-46,9%	2 892 254
Other debtors	Net	13 881 743	43,1%	9 697 854	-29,3%	13 717 721
Gross	BZ	13 897 615	42,0%	9 788 932	-28,8%	13 752 543
Amortisation	CA	15 872	-82,6%	91 078	161,6%	34 822
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	71 390 920	12,1%	63 699 496	-10,8%	71 450 527

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	3 820 381	146,3%	1 551 165	-89,5%	14 731 574
Gross	CD	3 820 381	146,3%	1 551 165	-89,5%	14 731 574
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	2 639 569	-6,8%	2 830 921	99,2%	1 421 263
Gross	CF	2 639 569	-6,8%	2 830 921	99,2%	1 421 263
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	6 459 950	47,4%	4 382 086	-72,9%	16 152 837

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	338 449	-55,2%	755 904	180,8%	269 226
Gross	CH	338 449	-55,2%	755 904	180,8%	269 226
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	75 499	26,7%	59 588	-78,8%	280 905
Gross		75 499	26,7%	59 588	-78,8%	280 905

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

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2011		31/12/2010
	Grand Total (I to V)	EE	212 067 143	9,3%	194 065 958	-3,7%	201 511 601

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	106 687 476	6,0%	100 648 147	-7,9%	109 231 486
Equity and shareholders' equity	DA	17 851 698	0%	17 851 698	0%	17 851 698
Issue and merger premiums	DB	56 404 809	0%	56 404 809	0%	56 404 809
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	1 785 170	0%	1 785 170	0%	1 785 170
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	7 757 683	-1,7%	7 891 777	29,1%	6 112 121
Profit or loss for the period	DI	15 984 933	53,7%	10 398 408	-52,2%	21 773 558
Investment grants	DJ	0	0%	0	0%	0
Special tax-allowable reserves	DK	6 903 183	9,3%	6 316 285	19,1%	5 304 130

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	11 773 851	2,0%	11 545 666	-4,6%	12 103 930
Risk provisions	DP	2 829 960	3,1%	2 745 667	-31,9%	4 032 137
Reserves for charges	DQ	8 943 891	1,6%	8 799 999	9,0%	8 071 793

Liabilities (IV)

		31/12/2012		31/12/2011		31/12/2010
Total Liabilities (Total IV)	EC	93 588 874	14,4%	81 836 947	2,1%	80 166 889
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	38 816	-34,2%	58 974
Sundry loans and financial liabilities	DV	6 913	-50,0%	13 825	-33,3%	20 737
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	3 541 412	119,1%	1 616 710	70,1%	950 520
Trade accounts payables	DX	53 293 142	9,6%	48 633 476	-7,0%	52 302 363
Tax and social security liabilities	DY	20 259 309	11,4%	18 181 028	7,5%	16 909 525
Fixed asset liabilities	DZ	2 131 933	25,1%	1 704 843	-11,0%	1 916 176
Other debts	EA	12 324 618	38,3%	8 910 304	38,5%	6 434 437

Translation loss (V)

			31/12/2012		31/12/2011		31/12/2010
	Translation loss (Total V)	ED	16 942	-51,9%	35 198	278,6%	9 296

Equalization accounts

			31/12/2012		31/12/2011		31/12/2010
	Deferred income	EB	2 031 547	-25,8%	2 737 945	73,9%	1 574 157

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

1- Operating result (I-II)

			31/12/2012		31/12/2011		31/12/2010
	Operating result (Total I-II)	GG	16 788 322	101,6%	8 325 581	-28,5%	11 646 685

2 - Financial result (V - VI)

			31/12/2012		31/12/2011		31/12/2010
	Financial result (Total V-VI)	GV	3 620 511	10,6%	3 274 626	-73,7%	12 462 639

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	20 408 833	75,9%	11 600 207	-51,9%	24 109 324

4 - Extraordinary result (VII-VIII)

			31/12/2012		31/12/2011		31/12/2010
	Extraordinary result (Total VII-VIII)	HI	-501 354	45,8%	-924 327	21,4%	-1 175 387

Profit or loss

			31/12/2012		31/12/2011		31/12/2010
	Profit or loss	HN	15 984 933	53,7%	10 398 408	-52,2%	21 773 558

Total Income (I+III+V+VII)

			31/12/2012		31/12/2011		31/12/2010
	Total Income (I+III+V+VII)	HL	362 166 783	13,0%	320 529 769	4,1%	307 964 704

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	346 181 850	11,6%	310 131 360	8,4%	286 191 146

Operating income (I)

			31/12/2012		31/12/2011		31/12/2010
	Total operating income (Total I)	FR	356 199 220	13,2%	314 700 264	7,3%	293 387 137

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	48 669 664	41,6%	34 369 037	-2,4%	35 223 968
France	FA	25 648 575	34,8%	19 025 764	-8,4%	20 767 290
Export	FB	23 021 089	50,0%	15 343 273	6,1%	14 456 678
Sale of goods produced	FF	272 411 066	8,6%	250 786 776	7,1%	234 214 131
France	FD	111 347 636	3,0%	108 148 177	3,2%	104 775 456
Export	FE	161 063 430	12,9%	142 638 599	10,2%	129 438 675
Sale of services	FI	29 503 395	46,8%	20 093 965	18,7%	16 928 804
France	FG	11 234 620	-28,2%	15 653 984	25,4%	12 485 983
Export	FH	18 268 775	311,5%	4 439 981	-0,1%	4 442 821
Net turnover	FL	350 584 125	14,9%	305 249 778	6,6%	286 366 903
France	FJ	148 230 831	3,8%	142 827 925	3,5%	138 028 729
Export	FK	202 353 294	24,6%	162 421 853	9,5%	148 338 174
Stocked production	FM	1 138 544	-69,2%	3 691 422	41,7%	2 605 691
Self-constructed assets	FN	23 885	-14,1%	27 797	-48,6%	54 059
Operating grants	FO	22 687	-54,1%	49 444	-26,1%	66 922
Release of reserves and provisions	FP	3 875 198	-25,4%	5 192 430	43,4%	3 620 607
Other income	FQ	554 781	13,4%	489 393	-27,3%	672 955

Operating charges (II)

			31/12/2012		31/12/2011		31/12/2010
	Total operating charges (Total II)	GF	339 410 898	10,8%	306 374 683	8,7%	281 740 452

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	40 148 487	41,8%	28 314 867	9,8%	25 777 366
Change in stocks of goods for resale	FT	-301 287	-182,5%	365 160	112,3%	-2 966 786
Purchase of raw materials	FU	138 120 507	5,3%	131 190 593	7,5%	122 015 203
Change in stocks of raw materials	FV	-901 855	-234,0%	672 827	162,4%	-1 078 611
Other external purchases and charges	FW	70 968 479	12,8%	62 942 320	1,5%	61 991 144
Tax, duty and similar payments	FX	5 873 106	16,2%	5 056 133	5,8%	4 778 425
Payroll	FY	48 901 645	8,8%	44 943 801	8,5%	41 412 376
Social security costs	FZ	23 941 042	13,2%	21 151 663	8,7%	19 464 698

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	7 214 852	3,7%	6 959 499	7,4%	6 481 340
Amortisation of fixed assets	GB	0	0%	256 139	0%	0
Depreciation/amortisation of current assets	GC	1 556 725	32,4%	1 176 006	-50,4%	2 373 192
Provisions for risks and charges	GD	2 688 174	16,1%	2 316 373	123,3%	1 037 550

Other charges

			31/12/2012		31/12/2011		31/12/2010
	Other charges	GE	1 201 023	16,7%	1 029 302	126,4%	454 555

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	3 914 006	-5,7%	4 148 505	-68,3%	13 091 670
Share financial income	GJ	1 379 221	8,7%	1 268 690	-86,7%	9 564 854
Other investment income & capitalised receivables	GK	2 454 283	0,7%	2 437 081	-17,3%	2 945 860
Other interest and similar income	GL	10 817	-77,7%	48 402	5482,7%	867
Released provisions and transferred charges	GM	6 972	-96,9%	221 439	-24,6%	293 553
Exchange gains	GN	57 780	-62,5%	154 099	-43,5%	272 919
Net income from disposal of investment securities	GO	4 933	-73,8%	18 794	38,0%	13 617

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	293 495	-66,4%	873 879	38,9%	629 031
Financial reserves and provisions	GQ	21 822	213,0%	6 971	-96,9%	223 249
Interest and similar charges	GR	93 289	-11,8%	105 711	2,1%	103 570
Exchange losses	GS	178 384	-76,6%	761 197	151,9%	302 212
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	2 053 557	22,2%	1 681 000	13,1%	1 485 897
Extraordinary operating income	HA	89 388	-38,2%	144 645	-36,7%	228 421
Extraordinary income from capital transactions	HB	364 832	62,9%	223 926	2096,2%	10 196
Released provisions and transferred charges	HC	1 599 337	21,9%	1 312 429	5,2%	1 247 280

Extraordinary charges (VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	2 554 911	-1,9%	2 605 327	-2,1%	2 661 284
Extraordinary operating charges	HE	586 371	-8,1%	638 083	-18,5%	783 021
Extraordinary charges from capital transactions	HF	282 303	103,5%	138 742	158,0%	53 777
Extraordinary reserves and provisions	HG	1 686 237	-7,8%	1 828 502	0,2%	1 824 486

Employee profit sharing (IX)

			31/12/2012		31/12/2011		31/12/2010
	Employee profit sharing (Total IX)	HJ	1 534 265	97,3%	777 827	-41,4%	1 328 255

Tax on profits (X)

			31/12/2012		31/12/2011		31/12/2010
	Tax on profits (Total X)	HK	2 388 281	577,3%	-500 356	-198,1%	-167 876

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%	1 765 111	28,9%	1 369 656
Decreasess by transfers	OK2	4 394 041	21,0%	3 630 335	-77,6%	16 174 862
Gross value at the end of period	OL	160 952 132	6,5%	151 179 272	9,6%	137 889 248

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	3 715 123	76,6%	2 103 585	9,6%	1 919 249
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	186 459	-88,9%	1 679 582	751,9%	197 148
Decreasess by budget item transfer	LV1	-225 720	0%	0	0%	0
Decreasess by transfers	LV2	58 453	-14,1%	68 044	431,1%	12 812
Gross value at the end of period	LW	4 068 849	9,5%	3 715 123	76,6%	2 103 585

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	82 910 455	9,3%	75 890 560	10,8%	68 509 164
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	13 759 889	15,9%	11 869 765	18,5%	10 016 398
Decreasess by budget item transfer	NG1	225 720	-87,2%	1 765 111	28,9%	1 369 656
Decreasess by transfers	NG2	4 088 753	32,5%	3 084 759	143,8%	1 265 346
Gross value at the end of period	NH	92 355 871	11,4%	82 910 455	9,3%	75 890 560

Fiancial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	64 553 694	7,8%	59 895 103	-19,7%	74 621 174
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	220 553	-95,7%	5 136 123	2910,0%	170 633
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	246 835	-48,3%	477 532	-96,8%	14 896 704
Gross value at the end of period	NK	64 527 412	0,0%	64 553 694	7,8%	59 895 103

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	1 989 340	8,9%	1 826 049	10,9%	1 646 095
Increases		PF	398 739	75,0%	227 813	19,8%	190 125
Decreasess		PG	6 438	-90,0%	64 522	534,4%	10 171
	Decreasess by budget item transfer	PH	2 381 641	19,7%	1 989 340	8,9%	1 826 049

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	49 588 139	8,3%	45 803 512	12,5%	40 723 427
Increases		QV	6 816 114	1,3%	6 731 687	7,0%	6 291 216
Decreases		QW	3 854 937	30,8%	2 947 060	143,3%	1 211 131
	Decreasess by budget item transfer	QX	52 549 316	6,0%	49 588 139	8,3%	45 803 512

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	22 590 140	-2,6%	23 198 161	-4,9%	24 387 063
Increases		UB	5 952 958	6,6%	5 583 991	0,2%	5 574 596
Decreases		UC	5 166 515	-16,6%	6 192 012	35,0%	4 587 401
	Value at the end of period	UD	23 376 583	3,5%	22 590 140	-11,0%	25 374 258

Includes Total allocations

Operating	UE	4 244 899	13,2%	3 748 518	9,9%	3 410 742
Financial	UG	21 822	213,0%	6 971	-96,9%	223 249
Exceptional	UJ	1 686 237	-7,8%	1 828 502	0,2%	1 824 486

Includes Total Withdrawal

Operating	UF	3 560 206	-24,3%	4 700 226	45,1%	3 238 655
Financial	UH	6 972	-96,9%	221 439	-24,6%	293 553
Exceptional	UK	1 599 337	25,9%	1 270 347	20,4%	1 055 193

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	6 316 285	19,1%	5 304 130	29,8%	4 087 012
Increases		TS	1 686 236	-5,4%	1 782 502	0,6%	1 772 309
Decreases		TT	1 099 338	42,7%	770 347	38,8%	555 191
	Value at the end of period	TU	6 903 183	9,3%	6 316 285	19,1%	5 304 130

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	5Z	11 545 666	-4,6%	12 103 930	-22,9%	15 689 466
Increases		TV	2 709 997	14,4%	2 369 345	65,8%	1 429 098
Decreases		TW	2 481 812	-15,2%	2 927 609	3,1%	2 838 537
	Value at the end of period	TX	11 773 851	2,0%	11 545 666	-19,1%	14 280 027

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	4 728 189	-18,3%	5 790 101	25,6%	4 610 585
Increases		TY	1 556 725	8,7%	1 432 144	-39,7%	2 373 189
Decreases		TZ	1 585 365	-36,4%	2 494 056	108,9%	1 193 673
	Value at the end of period	UA	4 699 549	-0,6%	4 728 189	-18,3%	5 790 101

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	104 254 730	7,3%	97 171 166	-3,9%	101 077 097
1 year at most	VU	73 610 978	10,6%	66 528 700	-34,2%	101 077 097
More than one year	VV	30 643 752	0,0%	30 642 466	0%	0

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	30 830 665	0,0%	30 834 953	17,5%	26 232 298
Loans (1 year at most)	UR	206 677	-2,0%	210 965	-99,2%	26 232 298
Other financial assets (gross)	UT	231 912	-8,7%	253 906	28,3%	197 970
Other financial assets (1 year at most)	UV	213 434	-9,3%	235 428	18,9%	197 970

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	1 501 404	-9,8%	1 664 041	-57,2%	3 888 275
Other claims customer	UX	57 454 685	6,6%	53 873 430	-5,0%	56 736 785
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	29 818	-60,6%	75 731	8,7%	69 653
Social Security and other social organizations	UZ	07	-99,1%	813	-89,8%	7 994
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	4 440 870	49,9%	2 962 903	-40,8%	5 003 603
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	15 817	-1,5%	16 059	-88,2%	135 996
Group and Associates	VC	6 808 643	28,8%	5 285 764	-20,3%	6 628 722
Accounts receivable (including claims relating to the operation of pension titles)	VR	2 602 460	79,8%	1 447 662	-24,1%	1 906 575

Prepaid

			31/12/2012		31/12/2011		31/12/2010
	Prepaid	VS	338 449	-55,2%	755 904	180,8%	269 226

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	90 047 462	12,3%	80 220 237	4,1%	77 040 272
1 year at most		VZ2	90 047 462	12,3%	80 220 237	4,1%	77 040 272
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
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	0	0%	38 816	-34,2%	58 974
1 year at most		VG2	0	0%	38 816	-34,2%	58 974
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	6 913	-50,0%	13 825	-33,3%	20 737
1 year at most		8A2	6 913	-50,0%	13 825	-33,3%	20 737
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	53 293 142	9,6%	48 633 476	-7,0%	52 302 363
1 year at most		8B2	53 293 142	9,6%	48 633 476	-7,0%	52 302 363
More than 1 year and 5 years at most		8B3	53 293 142	9,6%	48 633 476	-7,0%	52 302 363
	Personnel and associated accounts (gross)	8C1	9 553 879	10,4%	8 657 027	4,4%	8 289 974
1 year at most		8C2	9 553 879	10,4%	8 657 027	4,4%	8 289 974
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	10 092 706	11,1%	9 080 329	49,8%	6 062 443
1 year at most		8D2	10 092 706	11,1%	9 080 329	49,8%	6 062 443
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	0	0%	0	0%	0
1 year at most		VW2	0	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	612 724	38,1%	443 672	16,4%	381 011
1 year at most		VQ2	612 724	38,1%	443 672	16,4%	381 011
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	2 131 933	25,1%	1 704 843	-11,0%	1 916 176
1 year at most		8J2	2 131 933	25,1%	1 704 843	-11,0%	1 916 176
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	5 596 113	44,3%	3 877 213	122,3%	1 743 855
1 year at most		VI2	5 596 113	44,3%	3 877 213	122,3%	1 743 855
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	6 728 505	33,7%	5 033 091	7,3%	4 690 582
1 year at most		8K2	6 728 505	33,7%	5 033 091	7,3%	4 690 582
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	2 031 547	-25,8%	2 737 945	73,9%	1 574 157
1 year at most		8L2	2 031 547	-25,8%	2 737 945	73,9%	1 574 157
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%	0
Debt repaid during the period	VK	0	0%	6 912	-96,1%	178 232

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%	16 836	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	1 121	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	1,08	-0,9%	1,09	-11,4%	1,23	2,36	-54,2%
Global Debt	96 days	-1,0%	97 days	-4,0%	101 days	127 days	-24,4%
Working Capital Fund overall net	13 days	-13,3%	15 days	-61,5%	39 days	137 days	-90,5%
Financial independence	%	-	259295,51%	40,0%	185219,73%	1054,94%	-
More ratios
Solvability	50,31%	-3,0%	51,86%	-4,3%	54,21%	50,33%	0,0%
Capacity debt futures	%	-	259295,51%	40,0%	185219,73%	2931,45%	-
Coverage of current assets by net working capital overall	11,13%	-13,8%	12,91%	-45,6%	23,74%	54,31%	-79,5%
General Liquidity	0,82	-1,2%	0,83	-36,6%	1,31	0,96	-14,6%
Restricted Liquidity	0,89	1,1%	0,88	-42,1%	1,52	1,56	-42,9%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital	8 days	-33,3%	12 days	-40,0%	20 days	68 days	-88,2%
Treasury	7 days	40,0%	5 days	-75,0%	20 days	39 days	-82,1%
Inventory turnover of goods	39 days	-22,0%	50 days	-44,4%	90 days	11 days	254,5%
Average length of credit granted to customers	61 days	-7,6%	66 days	-13,2%	76 days	75 days	-18,7%
Average length of credit obtained suppliers	77 days	-1,3%	78 days	-15,2%	92 days	66 days	16,7%
More ratios
Inventory turnover of raw materials in industrial enterprises	24 days	0%	24 days	-11,1%	27 days	109,50 days	-78,1%
Inventory turnover of intermediate and finished products in the industrial enterprise	380 days	3,3%	368 days	-2,4%	377 days	576 days	-34,0%
Rotation tangible assets	379,60%	3,1%	368,17%	-2,4%	377,34%	621,33%	-38,9%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	2,52%	35,5%	1,86%	-57,0%	4,33	0%	0%
Profitability of the business	7,14	51,6%	4,71	-23,8%	6,18	8,12%	-12,1%
Net profit	4,56%	33,7%	3,41%	-55,1%	7,60%	5,67%	-19,6%
More ratios
Growth rate of turnover (excluding VAT)	14,85%	125,3%	6,59%	1069,1%	-0,68%	0,69%	2052,2%
Rates integration	29,58%	5,6%	28%	-3,7%	29,08%	43,52%	-32,0%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	70,24%	-9,2%	77,32%	5,8%	73,09%	76,08%	-7,7%
Weight interests	0,08	-72,4%	0,29%	31,8%	0,22%	0,28%	-71,4%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability	5,61%	29,9%	4,32%	-52,0%	9%	8,01%	-30,0%
Rates of economic profitability	23%	64,3%	14%	-12,5%	16%	13%	76,9%
Financial profitability	106687476%	6,0%	100648147%	-7,9%	109231486%	397896%	26712,9%
Return on investment	15,26%	36,4%	11,19%	-45,4%	20,49%	11,35%	34,4%

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	350 584 125	14,9%	305 249 778	6,6%	286 366 903	1 020 929 €	34239,7%

Sales of goods	48 669 664	41,6%	34 369 037	-2,4%	35 223 968
- Purchase of goods	40 148 487	41,8%	28 314 867	9,8%	25 777 366
+/- Stock of goods variation	-301 287	-182,5%	365 160	112,3%	-2 966 786
Trading margin	8 822 464 €	55,1%	5 689 010 €	-54,2%	12 413 388 €	0 €	0%
	2,52 % CA	35,5%	1,86 % CA	-57,0%	4,33 % CA	0 % CA	0%

Sale of goods produced	301 914 461	11,5%	270 880 741	7,9%	251 142 935
+/- Stocked production	1 138 544	-69,2%	3 691 422	41,7%	2 605 691
+ Self-constructed assets	23 885	-14,1%	27 797	-48,6%	54 059
Period production	303 076 890 €	10,4%	274 599 960 €	8,2%	253 802 685 €	715 964,50 €	42231,3%
	86,45 % CA	-3,9%	89,96 % CA	1,5%	88,63 % CA	99,58 % CA	-13,2%

Trading margin	8 822 464	55,1%	5 689 010	-54,2%	12 413 388	0	0%
+ Period Production	303 076 890	10,4%	274 599 960	8,2%	253 802 685	715 964,50	42231,3%
- Purchase of raw materials	138 120 507	5,3%	131 190 593	7,5%	122 015 203
+/- Change in stocks of raw materiels	-901 855	-234,0%	672 827	162,4%	-1 078 611
- Other external purchases and charges	70 968 479	12,8%	62 942 320	1,5%	61 991 144
Added value	103 712 223 €	21,3%	85 483 230 €	2,6%	83 288 337 €	472 437,50 €	21852,6%
	29,58 % CA	5,6%	28,00 % CA	-3,7%	29,08 % CA	43,52 % CA	-32,0%

Added value	103 712 223 €	21,3%	85 483 230 €	2,6%	83 288 337 €	472 437,50 €	21852,6%
+ Operating grants	22 687	-54,1%	49 444	-26,1%	66 922
- Tax, duty and similar payments	5 873 106	16,2%	5 056 133	5,8%	4 778 425
- Personal charges	72 842 687	10,2%	66 095 464	8,6%	60 877 074
Gross operating surplus	25 019 117 €	74,0%	14 381 077 €	-18,7%	17 699 760 €	61 606 €	40511,5%
	7,14 % CA	51,6%	4,71 % CA	-23,8%	6,18 % CA	8,12 % CA	-12,1%

Gross operating surplus	25 019 117 €	74,0%	14 381 077 €	-18,7%	17 699 760 €	61 606 €	40511,5%
+ Release of reserves and provisions	3 875 198	-25,4%	5 192 430	43,4%	3 620 607
+ Other operating income	554 781	13,4%	489 393	-27,3%	672 955
- Depreciation/Amortisation	11 459 751	7,0%	10 708 017	8,2%	9 892 082
- Other charges	1 201 023	16,7%	1 029 302	126,4%	454 555
Operating result	16 788 322 €	101,6%	8 325 581 €	-28,5%	11 646 685 €	37 651,50 €	44488,7%
	4,79 % CA	75,5%	2,73 % CA	-32,9%	4,07 % CA	5,12 % CA	-6,4%

Operating result	16 788 322 €	101,6%	8 325 581 €	-28,5%	11 646 685 €	37 651,50 €	44488,7%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	3 914 006	-5,7%	4 148 505	-68,3%	13 091 670
- Financial charges	293 495	-66,4%	873 879	38,9%	629 031
Pre-tax result	20 408 833 €	75,9%	11 600 207 €	-51,9%	24 109 324 €	35 734,50 €	57012,4%
	5,82 % CA	53,2%	3,80 % CA	-54,9%	8,42 % CA	4,68 % CA	24,4%

Extraordinary income	2 053 557	22,2%	1 681 000	13,1%	1 485 897	548,50	374295,1%
- Extraordinary charges	2 554 911	-1,9%	2 605 327	-2,1%	2 661 284
Extraordinary result	-501 354 €	45,8%	-924 327 €	21,4%	-1 175 387 €	0 €	0%
	-0,14 % CA	53,3%	-0,30 % CA	26,8%	0 % CA	0 % CA	0%

Pre-tax result	20 408 833 €	75,9%	11 600 207 €	-51,9%	24 109 324 €	35 734,50 €	57012,4%
Extraordinary result	-501 354 €	45,8%	-924 327 €	21,4%	-1 175 387 €	0 €	0%
- Employee profit sharing	1 534 265	97,3%	777 827	-41,4%	1 328 255
- Tax on profits	2 388 281	577,3%	-500 356	-198,1%	-167 876
Net result	15 984 933 €	53,7%	10 398 409 €	-52,2%	21 773 558 €	49 486 €	32201,9%
	4,56 % CA	33,7%	3,41 % CA	-55,1%	7,60 % CA	5,67 % CA	-19,6%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Establishment details

Activity (APE)	Manufacture of scientific instrumentation and technical	Business Pages FT®
Postal Address	ITRON FRANCE 52 RUE CAMILLE DESMOULINS 92130 ISSY LES MOULINEAUX	Trading Address	52 RUE CAMILLE DESMOULINS 92130 ISSY LES MOULINEAUX
Telephone	04 78 90 93 67
Fax

Type	Secondary establishment	Status	Economically active
Formation Date	10/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	ISSY LES MOULINEAUX	Size of urban area

Other establishments

	Branches	11 branch entities in this company

	Head office	> ITRON FRANCE <<< - Manufacture of scientific instrumentation and technical in ISSY LES MOULINEAUX (92130)

	Secondary establishments	> ITRON FRANCE - Manufacture of scientific instrumentation and technicalin MASSY (91300) > ITRON FRANCE - Manufacture of scientific instrumentation and technical in AIX EN PROVENCE (13290) > ITRON FRANCE - Manufacture of scientific instrumentation and technical in BOULOGNE BILLANCOURT (92100) > ITRON FRANCE - Manufacture of scientific instrumentation and technical in TOULOUSE (31500) > ...

	Regionality	Legal unit with multiple establishments in many areas but no one grouping more than 50% of workforce

	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

Workforce unknown

Company workforce

1 000 to 1 999 employees

Active

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

31304447

06/08/2013

06/02/2016

AGIRC

7 682 EUR

Court	Nanterre
Creditor	AGIRC 7 RUE DE MAGDEBOURG 75116, PARIS
Debtor	ITRON FRANCE 62 BIS AVE ANDRE MORIZET 92100 BOULOGNE BILLANCOURT, FR

31307100

19/12/2013

19/06/2016

NOVALIS RETRAITE AGIRC

31 819 EUR

Court	Nanterre
Creditor	NOVALIS RETRAITE AGIRC 7 RUE DE MAGDEBOURG 75116, PARIS
Debtor	ITRON FRANCE 62 BIS AVE ANDRE MORIZET 92100 BOULOGNE BILLANCOURT, FR

31307101

19/12/2013

19/06/2016

NOVALIS RETRAITE AGIRC

45 097 EUR

Court	Nanterre
Creditor	NOVALIS RETRAITE AGIRC 7 RUE DE MAGDEBOURG 75116, PARIS
Debtor	ITRON FRANCE 62 BIS AVE ANDRE MORIZET 92100 BOULOGNE BILLANCOURT, FR

31401422

27/03/2014

27/09/2016

NOVALIS RETRAITE AGIRC

33 182 EUR

Court	Nanterre
Creditor	NOVALIS RETRAITE AGIRC 7 RUE DE MAGDEBOURG 75116, PARIS
Debtor	ITRON FRANCE 62 BIS AVE ANDRE MORIZET 92100 BOULOGNE BILLANCOURT, FR

31401423

27/03/2014

27/09/2016

NOVALIS RETRAITE AGIRC

42 176 EUR

Court	Nanterre
Creditor	NOVALIS RETRAITE AGIRC 7 RUE DE MAGDEBOURG 75116, PARIS
Debtor	ITRON FRANCE 62 BIS AVE ANDRE MORIZET 92100 BOULOGNE BILLANCOURT, FR

Event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/08/2013	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10192 - 434027249 RCS. ITRON FRANCE. Forme : Société par actions simplifiée à associé unique. Adresse : 52 rue Camille Desmoulins 92130 Issy-les-Moulineaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
03/09/2012	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10250 - 434027249 RCS. ITRON FRANCE. Forme : Société par actions simplifiée à associé unique. Adresse : 52 rue Camille Desmoulins Issy les Moulineaux 92130 Issy-les-Moulineaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
31/01/2012	Bodacc A	Vente et cession : Acheteur

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1882 - 434 027 249 RCS Nanterre. ITRON FRANCE. Forme : Société par actions simplifiée. Capital : 17851698 EUR. Adresse : 52 rue Camille Desmoulins, 92130 Issy-les-Moulineaux. Origine du fonds : Achat d'un fonds de commerce au prix stipulé de 504433 Euros. Etablissement : Etablissement principal. Activité : le fonds de commerce de recherche et développement (R&d) a l'exclusion notamment de tout droit au bail. Adresse : 52 rue Camille Desmoulins, 92130 Issy-les-Moulineaux. Précédent propriétaire : ITRON SAS. 342 865 136 RCS Nanterre. Date de commencement de l’activité : 31/12/2011. Publication légale : Les Petites Affiches du 20/01/2012. Oppositions : Au fonds vendu pour la validité et pour la correspondance. Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
20/01/2012	JAL	Activity or goodwill cession

Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 30/12/2011 Cédant : 342865136 - ITRON SAS, 52 RUE CAMILLE DESMOULINS, 92130 ISSY LES MOULINEAUX Cessionnaire : 434027249 - ITRON FRANCE, 52 RUE CAMILLE DESMOULINS, 92130 ISSY LES MOULINEAUX Prix de vente : 504433 € Date d’effet : 31/12/2011
25/11/2011	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 11622 - 434027249 RCS. ITRON FRANCE. Forme : Société par actions simplifiée à associé unique. Adresse : 52 rue Camille Desmoulins Issy les Moulineaux 92130 Issy-les-Moulineaux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
01/12/2010	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1801 - 434 027 249 RCS Nanterre. ITRON FRANCE. Forme : Société par actions simplifiée à associé unique. Activité : . Adresse du siège social : 52 rue Camille Desmoulins, Issy les Moulineaux 92130 Issy-les-Moulineaux. Commentaires : Modification de l'adresse du siège.
22/11/2010	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 12897 - 434027249 RCS. ITRON FRANCE. Forme : Société par actions simplifiée à associé unique. Adresse : 62 Bis avenue André Morizet 92100 Boulogne-Billancourt. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
04/10/2010	JAL	Head Office Transfer

LES PETITES AFFICHES Date de décision : 30/09/2010 Transfert du siège social de la société 434027249 - ITRON FRANCE Adresse du nouveau siège : 52 RUE CAMILLE DESMOULINS, 92130 ISSY LES MOULINEAUX Ancienne localisation : 62 B AV ANDRE MORIZET, 92100 BOULOGNE BILLANCOURT
26/11/2009	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7124 - 434027249 RCS. ITRON FRANCE. Forme : Société par actions simplifiée unipersonnelle. Adresse : 62 Bis avenue André Morizet 92100 Boulogne-Billancourt. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/06/2009	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2331 - 434 027 249 RCS Nanterre. ITRON FRANCE. Forme : Société par actions simplifiée unipersonnelle. Commentaires : Modification du nom, nom d'usage, prénom ou de la dénomination.
24/12/2008	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2453 - 434 027 249 RCS Nanterre. ACTARIS SAS. Forme : Société par actions simplifiée unipersonnelle. Administration : Commissaire aux comptes titulaire : ERNST & YOUNG et Autres en fonction le 20 Décembre 2007. Commissaire aux comptes suppléant : AUDITEX en fonction le 20 Décembre 2007. Président : MICHAUDEL Pascal en fonction le 12 Décembre 2008. Commentaires : Modification de représentant.
26/08/2008	Bodacc C	Comptes annuels et rapports

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7435 - 434027249 RCS. ACTARIS SAS. Forme : Société par actions simplifiée unipersonnelle. Adresse : 62 Bis avenue André Morizet 92100 Boulogne-Billancourt. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
15/01/2008	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1677 - 434 027 249 RCS Nanterre. ACTARIS SAS. Forme : Société par actions simplifiée unipersonnelle. Administration : Président : BONNARD Philippe en fonction le 27 Avril 2004. Commissaire aux comptes titulaire : ERNST & YOUNG et Autres en fonction le 20 Décembre 2007. Commissaire aux comptes suppléant : AUDITEX en fonction le 20 Décembre 2007. Commentaires : Modification de représentant.
15/01/2008	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1680 - 434 027 249 RCS Nanterre. ACTARIS SAS. Forme : Société par actions simplifiée unipersonnelle. Administration : Président : BONNARD Philippe en fonction le 27 Avril 2004. Commissaire aux comptes titulaire : ERNST & YOUNG et Autres en fonction le 20 Décembre 2007. Commissaire aux comptes suppléant : AUDITEX en fonction le 20 Décembre 2007. Commentaires : Modification de représentant.
07/11/2007	Bodacc B	Modifications et mutations diverses

1114 - RCS Nanterre B 434 027 249. RC 00-B 6427. ACTARIS S.A.S. Forme : S.A.S.U. Capital : 17 851 698 euros. Commentaires : modification survenue sur le capital (augmentation).
27/09/2007	Bodacc C	Avis de dépôt des comptes

4312 - 434 027 249. RCS Nanterre ACTARIS SAS. Forme: Société par actions simplifiée unipersonnelle. Adresse du siège social: 62 Bis avenue André Morizet 92100 Boulogne-Billancourt. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
24/05/2007	Bodacc C	Avis de dépôt des comptes

7086 - RCS Nanterre B 434 027 249. RC 00-B 6427. ACTARIS SAS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE UNIPERSONNELLE. Adresse du siège social: 62 bis, avenue André Morizet,92100 Boulogne-Billancourt. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
18/01/2006	Bodacc C	Avis de dépôt des comptes

4743 - RCS Nanterre B 434 027 249. RC 00-B 6427. ACTARIS SAS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE UNIPERSONNELLE. Adresse du siège social: 62 bis, avenue André Morizet,92100 Boulogne-Billancourt. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
09/06/2005	Bodacc B	Modifications et mutations diverses

1392 - RCS Nanterre B 434 027 249. RC 00-B 6427. ACTARIS S.A.S. Forme : S.A.S.U. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes suppléant partant : CANAC (Yves). Commissaire aux comptes titulaire partant : CONSEIL AUDIT ET SYNTHESE, représentée par CANAC (Yves).
16/01/2005	Bodacc C	Avis de dépôt des comptes

3051 - RCS Nanterre B 434 027 249. RC 00-B 6427. ACTARIS SAS. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE UNIPERSONNELLE. Adresse du siège social: 62 bis, avenue André Morizet,92100 Boulogne-Billancourt. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
14/05/2004	Bodacc B	Modifications et mutations diverses

RCS Nanterre B 434027249 RC 00-B 6427 ACTARIS S.A.S. Forme : S.A.S.U. Commentaires : modification survenue sur l'administration. Administration : président partant : GALLEZ (Gérard). Nomination du président : BONNARD ( Philippe).
23/12/2003	Bodacc B	Modifications et mutations diverses

RCS Nanterre B 434027249 RC 00-B 6427 ACTARIS S.A.S. Forme : S.A.S.U. Adresse du siège social : 62 bis avenue André- Morizet, 92100 Boulogne-Billancourt. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 62 bis avenue André-Morizet, 92100 Boulogne-Billancourt.
31/05/2002	Bodacc B	Modifications et mutations diverses

RCS Nanterre B 434027249 RC 00-B 6427 ACTARIS SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S.U. Commentaires : modification survenue sur l' administration. Administration : commissaire aux comptes titulaire partant : BEFEC-PRICE WATERHOUSE. Commissaire aux comptes suppléant partant : GEORGHIOU (Jean-Christophe). Nomination d'un commissaire aux comptes suppléant : CANAC (Yves). Nomination de commissaires aux comptes titulaires : CONSEIL AUDIT ET SYNTHESE, représentée par CANAC (Yves) BARBIER FRINAULT ET COMPAGNIE, représentée par GROSMANN ( Alain). Nomination d'un commissaire aux comptes suppléant : MACIOCE (Pascal).
29/01/2002	Bodacc A	Création d'établissement

RCS B 434027249 RC 02-B 90 ACTARIS SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S. A.S.U. Adresse du siège social : 50 avenue Jean-Jaurès, 92120 Montrouge ETABLISSEMENT SECONDAIRE. Activité : fabrication de pièces techniques en matières plastique et moulage thermoplastique. Adresse : 125 rue de Paris, 91300 Massy Etablissement secondaire acquis par apport au montant évalué à 14 484 665 euros Date de début d'activité: 30 octobre 2001. Précédent propriétaire : SCHLUMBERGER INDUSTRIE. RCS 542062120 Publication légale: Les Petites affiches du 9 novembre 2001 déclaration de créances: au tribunal de commerce d'Evry.
16/12/2001	Bodacc B	Modifications et mutations diverses

RCS Nanterre B 434027249 RC 00-B 6427 ACTARIS SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S.U. Capital : 14 524 664 euros. Adresse du siège social : 50 avenue Jean-Jaurès, 92120 Montrouge. Commentaires : modification survenue sur la dénomination, le capital ( augmentation), l'activité, la prise d' activité, l'adresse de l'établissement principal, l'administration et la date de début d'activité. Administration : nomination du président : GALLEZ ( Gérard) Etablissement principal: Activité : directement ou indirectement, études, fabrication, vente, installation, réparation, entretien, location, exploitation de tout matériel, d'équipements , d'appareillages, d' instruments, de systèmes électriques, mécaniques, électromécaniques ou électroniques destinés au comptage, à la mesure, au traitement d'information, au controle, à la régulation, à l' automatisation, pour la production, la distribution, l'utilisation des fluides et des énergies de toute nature, en particulier l'eau, le gaz, l' électricité et la température. Adresse : 50 avenue Jean-Jaurès, 92120 Montrouge Date de début d'activité: 30 octobre 2001.
23/09/2001	Bodacc B	Modifications et mutations diverses

RCS Nanterre B 434027249 RC 00-B 6427 LEMONT SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S.U. Commentaires : modification survenue sur l' administration. Administration : président partant : ANDRESEN (Anna, Marie) ( Nom d'usage : HRAYSSI). Nomination du président : HOURIEZ ( Catherine, Renée) ( Nom d'usage : LE VU).
18/01/2001	Bodacc A	Création d'établissement

RCS Nanterre B 434027249 RC 00-B 6427 LEMONT SOCIETE PAR ACTIONS SIMPLIFIEE. Forme : S.A.S.U. Capital : 40 000 euros. Adresse du siège social : 50 avenue Jean- Jaurès, 92120 Montrouge. Administration : président : ANDRESEN (Anna, Marie) ( Nom d'usage : HRAYSSI). Commissaire aux comptes titulaire : BEFEC PRICE WATERHOUSE. Commissaire aux comptes suppléant : GEORGHIOU (Jean-Christophe) Cette société se constitue , mais n' exploite provisoirement aucun établissement.

Company events history

Date	Description
27/03/2014	New Filling of Social Security preferential right
19/12/2013	New Filling of Social Security preferential right
13/09/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/08/2013	Bodacc C : Deposit accounts notice
06/08/2013	New Filling of Social Security preferential right
31/12/2012	New accounts available
22/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/09/2012	Bodacc C : Deposit accounts notice
31/01/2012	Bodacc A : Sale and transfer
31/12/2011	New accounts available
30/12/2011	Legal Gazette: Activity or goodwill cession
25/11/2011	Bodacc C : Deposit accounts notice
15/11/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/07/2011	Disengagement of the group
01/07/2011	New parent detected
31/12/2010	New accounts available
01/12/2010	Bodacc B: Various editing or changing
22/11/2010	Registered office transferred inside jurisdiction of the Commercial Court
22/11/2010	Updated articles of association
22/11/2010	Amendment
22/11/2010	Bodacc C : Deposit accounts notice
11/10/2010	Update of Company Head Office Identifier
11/10/2010	Transfer of Establishment
04/10/2010	Legal Gazette: Head Office Transfer
01/08/2010	Closure of Establishment
29/01/2010	Payment incident closed
18/01/2010	Payment incident closed
31/12/2009	New accounts available
26/11/2009	Bodacc C : Deposit accounts notice
19/11/2009	Payment incident closed
13/11/2009	Payment incident detected
30/07/2009	Payment incident detected
23/06/2009	Bodacc B: Various editing or changing
12/06/2009	Updated articles of association
12/06/2009	Statuts mis à jour
12/06/2009	Minutes of general meeting of shareholders
12/06/2009	Private document
12/06/2009	New company name
12/06/2009	Changement de dénomination sociale
12/06/2009	Acte modificatif
31/12/2008	New accounts available
24/12/2008	Bodacc B: Various editing or changing
24/12/2008	New Bodacc B ads detected
12/12/2008	Appointment/resignation of company officers
12/12/2008	Minutes of general meeting of shareholders
12/12/2008	Acte modificatif
12/12/2008	Private document
12/12/2008	New chairman (CEO, CoB)
12/12/2008	Changement de Président (PDG, PCA)
12/12/2008	Amendment
26/08/2008	Bodacc C : Deposit accounts notice
15/01/2008	New Bodacc B ads detected
15/01/2008	Bodacc B: Various editing or changing
31/12/2007	New accounts available
20/12/2007	Amendment
20/12/2007	Acte modificatif
20/12/2007	Minutes of general meeting of shareholders
20/12/2007	Private document
20/12/2007	New auditor
20/12/2007	Changement de Commissaire aux Comptes
20/12/2007	Appointment/resignation of company officers
26/10/2007	Acte modificatif
26/10/2007	Audit or Management Report
26/10/2007	Rapport des Commissaires ou du Gérant
26/10/2007	Updated articles of association
26/10/2007	Statuts mis à jour
26/10/2007	Minutes of general meeting of shareholders
26/10/2007	Certificat de dépôt des fonds
26/10/2007	Private document
26/10/2007	Augmentation de Capital
26/10/2007	Capital increase
28/09/2007	Collection of preferential rights activated for this company
31/12/2006	New accounts available
31/12/2005	New accounts available
20/05/2005	Private document
20/05/2005	Appointment/resignation of company officers
20/05/2005	Minutes of general meeting of shareholders
20/05/2005	PV d'Assemblée
20/05/2005	Acte modificatif
20/05/2005	Acte sous seing privé
20/05/2005	Nomination/démission des organes de gestion
31/12/2004	New accounts available
27/04/2004	Changement de Président (PDG, PCA)
27/04/2004	Acte sous seing privé
27/04/2004	PV d'Assemblée
27/04/2004	Acte modificatif
27/04/2004	Transfert du Siège dans le ressort du Tribunal de Commerce
27/04/2004	Nomination/démission des organes de gestion
31/12/2003	New accounts available
11/12/2003	Acte modificatif
11/12/2003	Statuts mis à jour
11/12/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
04/12/2003	Statuts mis à jour
04/12/2003	Acte sous seing privé
04/12/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
04/12/2003	PV d'Assemblée
15/05/2002	Acte sous seing privé
15/05/2002	Nomination/démission des organes de gestion
15/05/2002	Acte modificatif
15/05/2002	Changement de Commissaire aux Comptes
15/05/2002	PV d'Assemblée
04/12/2001	Apport Partiel
04/12/2001	Augmentation de Capital
04/12/2001	Changement de dénomination sociale
04/12/2001	Changement de Président (PDG, PCA)
04/12/2001	Acte sous seing privé
04/12/2001	Déclaration de conformité
04/12/2001	Nomination/démission des organes de gestion
04/12/2001	PV d'Assemblée
04/12/2001	Statuts mis à jour
04/12/2001	Acte modificatif
20/09/2001	Rapport des Commissaires ou du Gérant
20/09/2001	Acte sous seing privé
11/09/2001	Changement de Président (PDG, PCA)
11/09/2001	Nomination/démission des organes de gestion
11/09/2001	Acte sous seing privé
11/09/2001	PV d'Assemblée
11/09/2001	Acte modificatif
27/08/2001	Projet de Fusion
27/08/2001	Acte sous seing privé
27/08/2001	Apport Partiel
27/06/2001	Nomination/démission des organes de gestion
27/06/2001	Acte modificatif
27/06/2001	Requête et Ordonnance
28/12/2000	Certificat de dépôt des fonds
28/12/2000	Statuts
28/12/2000	Acte sous seing privé
28/12/2000	Formation de Société
28/12/2000	PV d'Assemblée
28/12/2000	Nomination/démission des organes de gestion

Establishment events history

Date	Description
22/02/2014	Update of phone numbers
28/06/2011	Update of phone numbers
11/10/2010	Formation of Head office (after transfer)
01/08/2010	Update of Establishment Workforce
01/08/2010	Modification of Head office

NOTES & COMMENTS

Commentary

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

	A Social Security preferential right has been filed within the last 12 months
	The return on total assets employed is 8,66
	The stock to turnover ratio is 7,87
	The sales to current assets ratio is 3,3
	The company has 1 director(s)
	Department code with low risk rating
	Industry code with low risk rating
	Low risk workforce size
	The total assets are 212,067,143 €
	The risk provisions are 11,773,851 €
	The pre-tax profit is 18,373,214 €
	The net turnover is 350,584,125 €
	The net current assets are 106,226,608 €
	The liabilities are 93,588,874 €
	The increase of tangible fixed assets over the last two accounting periods is 20 %
	The creditor days are 55.48
	The ratio total assets to total liabilities is 2,01
	The shareholder's equity is 106,687,476 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.38
UK Pound	1	Rs.101.63
Euro	1	Rs.83.57

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NIS

RATING EXPLANATIONS

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

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

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

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

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

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

MIRA INFORM REPORT

REGISTERED NAME & COMPANY SUMMARY

Company details

DIRECTORS/MANAGEMENT

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

NOTES & COMMENTS

Unit