MIRA INFORM REPORT

Report Date :

21.04.2014

IDENTIFICATION DETAILS

Name :	EPUR METAL

Registered Office :	Quartier De L'aiguille, Qua L'aiguille, 13180 Gignac La Nerthe

Country :	France

Financials (as on) :	31.12.2012

Date of Incorporation :	July 1997

Com. Reg. No.:	RCS Aix-en-Provence 0 413 582 743

Legal Form :	Simplified Joint Stock Company

Line of Business :	Engaged in wholesale trading of waste and scrap

No of Employees :	26 (31.12.2012)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 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

company summary

Name

EPUR METAL

SIRET

413 582 743 00022

		EUR VAT Number	FR95413582743
Activity (APE)	Engaged wholesale trading of waste and scrap	Legal form	Simplified joint stock company
Phone	7	RCS Registration	RCS Aix-en-Provence 0 413 582 743
Fax		Share capital	5,000,000 Euros
Address	EPUR METAL S.M.R.I. QUARTIER DE L'AIGUILLE QUA L'AIGUILLE 13180 GIGNAC LA NERTHE	Incorporated Date	09/1997
Nationality	France	Status	Economically active

No social security and tax office preferential right to date

Ultimate Holding Company

Company Name

Company number

EPUR

501113641

Current Directors

Trading to Date	12/31/2012	12/31/2011	12/31/2010
Turnover	89,163,043 €	132,395,611 €	89,924,441 €
Gross Operating Surplus	1,82 % Turnover	1,97 % Turnover	4,14 % Turnover
Shareholders’ equity	9,676,408 €	9,721,199 €	10,626,123 €
Net result	205,209 €	295,076 €	1,460,576 €
Employees	26 (31.12.2012)	-	-

Trends

Profitability

Liquidity

Net worth

company details

Activity (APE)	Wholesale trader of waste and scrap
RCS Registration	RCS Aix-en-Provence 0 413 582 743	Share capital	5,000,000 Euros
Registration Court	Aix-en-Provence (13)	Legal form	Simplified joint stock company
Court Registry Number	20 0 4B01036	EUR VAT Number	FR95413582743
Incorporation Date	09/1997	Formation Date	07/1997
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Ultimate Parent

1 ultimate parent company for this company
> EPUR - Conseil pour les affaires et autres conseils de gestion (7022Z) in MARSEILLE 16 (13016)

Establishment details

Activity (APE)	Wholesale trader of waste and scrap	Business Pages FT®
Postal Address	EPUR METAL S.M.R.I. QUARTIER DE L'AIGUILLE QUA L'AIGUILLE 13180 GIGNAC LA NERTHE	Trading Address	QUARTIER L'AIGUILLE 13180 GIGNAC LA NERTHE
Telephone	04 42 06 65 93
Fax

Type	Head office	Status	Economically active
Formation Date	05/2004	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bouches-du-Rhône (13)	Region	Côte d'Azur
District	4	Area	48
City	GIGNAC LA NERTHE	Size of urban area	Urban unit with 200 000 to 1 999 999 inhabitants

Other establishments

	Branches	4 branch entities in this company


	Head office	> EPUR METAL <<< - Commerce de gros (commerce interentreprises) de déchets et débris (4677Z) in GIGNAC LA NERTHE (13180)

	Secondary establishments	> EPUR METAL - Commerce de gros (commerce interentreprises) de déchets et débris (4677Z) in PARIS 9 (75009) > EPUR METAL - Commerce de gros (commerce interentreprises) de déchets et débris (4677Z) in SAINT PIERRE DE CHANDIEU (69780) > EPUR METAL - Commerce de gros (commerce interentreprises) de déchets et débris (4677Z) in PARIS 1 (75001) > EPUR METAL - Commerce de gros (commerce interentreprises) de déchets et débris (4677Z) in MARSEILLE 16 (13016) > ...

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

	Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

	Workforce at address	10 to 19 employees	Company workforce	26 (31.12.2012)

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	07/10/2013	19/10/2012	24/08/2011
Activity Code	4677Z	4677Z	4677Z
Employees	26	28	26

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	1 678 293	-7,1%	1 806 799	-9,4%	1 994 096	117 994	1322,4%
- Intangible assets	941 367	0,0%	941 552	0,0%	941 095	3 531,50	26556,3%
- Tangible assets	694 197	-16,1%	826 929	-15,6%	980 051	74 408,50	833,0%
- Financial assets	42 729	11,5%	38 318	-47,5%	72 950	1 968,50	2070,6%
Net current assets	29 295 914	18,0%	24 824 054	-8,4%	27 114 722	394 855,50	7319,4%
- Stocks	14 155 802	23,2%	11 491 414	-22,3%	14 786 362	88 759	15848,6%
- Advanced payments	0	18,0%	210 739	0%	0	0	0%
- Receivables	9 726 440	-20,8%	12 281 269	26,3%	9 723 664	76 828	12560,0%
- Securities and cash	5 413 672	544,0%	840 632	-67,7%	2 604 696	80 833,50	6597,3%
- Prepaid expenses	-	-	-	-	-	1 045	-
Accounts of regularization	0	0%	0	0%	53 974	0	0%
Total Assets	30 974 205	16,3%	26 630 855	-8,7%	29 162 791	579 181,50	5247,9%

Passive Account

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Shareholders' equity	9 676 408	-0,5%	9 721 199	-8,5%	10 626 123	251 886,50	3741,6%
Share capital	5 000 000	0%	5 000 000	0%	5 000 000	34 100	14562,8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	92 798	71,9%	53 974	0	0%
Liabilities	21 297 797	26,6%	16 816 858	-9,0%	18 482 694	234 508	8981,9%
- Financial liabilities	12 060 683	115,9%	5 584 956	-37,8%	8 984 594	57 615	20833,2%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	8 203 781	-21,3%	10 421 410	18,3%	8 805 919	46 222,50	17648,5%
- Tax and social liabilities	962 211	60,3%	600 409	30,2%	460 990	67 142	1333,1%
- Other debts and fixed assets liabilities	71 122	-66,1%	210 083	-9,1%	231 191	1 429,50	4875,3%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	30 974 205	16,3%	26 630 854	-8,7%	29 162 791	579 182	5247,9%

Results

Annual Accounts	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Sales of Goods	89 318 362	-32,7%	132 678 339	47,4%	89 994 334	876 998,50	10084,6%
Net turnover	89 163 043	-32,7%	132 395 611	47,2%	89 924 441	863 150,50	10230,0%
- of which net export turnover	65 970 862	-40,4%	110 756 507	45,4%	76 150 439	0	0%
Operating charges	88 572 399	-32,5%	131 145 755	49,0%	88 002 952	814 397,50	10775,8%
Operating profit/loss	745 963	-51,3%	1 532 584	-23,0%	1 991 382	36 148,50	1963,6%
Financial income	439 280	2,3%	429 232	-28,5%	599 989	365,50	120086,0%
Financial charges	633 042	-29,9%	903 198	34,3%	672 678	2 210	28544,4%
Financial profit/loss	-193 762	59,1%	-473 966	-552,0%	-72 689	-452,50	-42720,3%
Pretax net operating income	552 201	-47,8%	1 058 618	-44,8%	1 918 693	35 074,50	1474,4%
Extraordinary income	20 295	-95,6%	466 210	-8,3%	508 428	1 298	1463,6%
Extraordinary charges	185 813	-80,7%	961 188	294,3%	243 761	413,50	44836,6%
Extraordinary profit/loss	-165 518	66,6%	-494 978	-287,0%	264 667	0	0%
Net result	205 209	-30,5%	295 076	-79,8%	1 460 576	29 872,50	586,9%

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	30 974 205	16,3%	26 630 855	-8,7%	29 162 791
Gross	CO	34 767 380	15,7%	30 052 815	-7,8%	32 592 515
Amortisation	1A	3 793 175	10,8%	3 421 960	-0,2%	3 429 724

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	1 678 293	-7,1%	1 806 799	-9,4%	1 994 096
Gross	BJ	3 791 468	3,8%	3 653 759	1,9%	3 584 324
Amortisation	BK	2 113 175	14,4%	1 846 960	16,1%	1 590 228

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	319	-36,7%	504	972,3%	47
	Gross	AF	4 273	0%	4 273	15,0%	3 716
	Amortisation	AG	3 954	4,9%	3 769	2,7%	3 669
	Goodwill	Net	941 048	0%	941 048	0%	941 048
	Gross	AH	941 048	0%	941 048	0%	941 048
	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	941 367	0,0%	941 552	0,0%	941 095

Tangible fixed assets

		31/12/2012		31/12/2011		31/12/2010
Lands	Net	145 054	-25,1%	193 713	-20,1%	242 463
Gross	AN	549 043	0,2%	547 724	0,2%	546 724
Amortisation	AO	403 989	14,1%	354 011	16,4%	304 261
Buildings	Net	51 152	17,6%	43 514	-27,1%	59 686
Gross	AP	299 876	7,1%	279 876	4,2%	268 536
Amortisation	AQ	248 724	5,2%	236 362	13,2%	208 850
Plant	Net	292 593	-17,0%	352 337	-9,3%	388 519
Gross	AR	1 115 614	7,9%	1 033 581	8,5%	952 997
Amortisation	AS	823 021	20,8%	681 244	20,7%	564 478
Other tangible fixed assets	Net	205 398	-13,5%	237 365	-15,2%	279 983
Gross	AT	838 885	3,7%	808 939	2,5%	788 953
Amortisation	AU	633 487	10,8%	571 574	12,3%	508 970
Fixed assets in construction	Net	0	0%	0	0%	9 400
Gross	AV	0	0%	0	0%	9 400
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	694 197		826 929		980 051

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	5 000	0%	5 000	0%	0
Gross	CU	5 000	0%	5 000	0%	0
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	21 570	25,7%	17 159	-40,1%	28 659
Gross	BF	21 570	0%	17 159	0%	28 659
Amortisation	BG	0		0		0
Other financial assets	Net	16 159	0%	16 159	-63,5%	44 291
Gross	BH	16 159	0%	16 159	-63,5%	44 291
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		42 729		38 318		72 950

Current Assets (III)

		31/12/2012		31/12/2011		31/12/2010
Total Assets	Net	29 295 914	18,0%	24 824 054	-8,4%	27 114 722
Gross	CJ	30 975 914	17,3%	26 399 054	-8,8%	28 954 216
Amortisation	CK	1 680 000	6,7%	1 575 000	-14,4%	1 839 494

Stocks

		31/12/2012		31/12/2011		31/12/2010
Raw materials	Net	0	0%	0	0%	4 287 747
Gross	BL	0	0%	0	0%	4 287 747
Amortisation	BM	0	0%	0	0%	0
Work in progress (goods)	Net	0	0%	0	0%	0
Gross	BN	0	0%	0	0%	0
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	0	0%	0	0%	0
Gross	BR	0	0%	0	0%	0
Amortisation	BS	0	0%	0	0%	0
Goods for resale	Net	14 155 802	23,2%	11 491 414	9,5%	10 498 615
Gross	BT	15 835 802	21,2%	13 066 414	6,9%	12 218 851
Amortisation	BU	1 680 000	6,7%	1 575 000	-8,4%	1 720 236
Sub Total Stocks	Net	14 155 802	23,2%	11 491 414	-22,3%	14 786 362

Advance payments to suppliers

		31/12/2012		31/12/2011		31/12/2010
Advance payments to suppliers	Net	0	0%	210 739	0%	0
Gross	BV	0	0%	210 739	76,7%	119 258
Amortisation	BW	0	0%	0	0%	119 258

Debtors

		31/12/2012		31/12/2011		31/12/2010
Trade accounts receivable	Net	7 628 912	-21,4%	9 702 483	15,0%	8 439 355
Gross	BX	7 628 912	-21,4%	9 702 483	15,0%	8 439 355
Amortisation	BY	0	0%	0	0%	0
Other debtors	Net	1 971 960	-22,5%	2 544 821	106,4%	1 233 060
Gross	BZ	1 971 960	-22,5%	2 544 821	106,4%	1 233 060
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	9 600 872	-21,6%	12 247 304	26,6%	9 672 415

Divers

		31/12/2012		31/12/2011		31/12/2010
Investment securities	Net	0	0%	0	0%	26 395
Gross	CD	0	0%	0	0%	26 395
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	5 413 672	544,0%	840 632	-67,4%	2 578 301
Gross	CF	5 413 672	544,0%	840 632	-67,4%	2 578 301
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	5 413 672	544,0%	840 632	-67,7%	2 604 696

Prepaid expenses

		31/12/2012		31/12/2011		31/12/2010
Prepaid expenses	Net	125 568	269,7%	33 965	-33,7%	51 249
Gross	CH	125 568	269,7%	33 965	-33,7%	51 249
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%	0	0%	53 974
Gross		0	0%	0	0%	53 974

References

		31/12/2012		31/12/2011		31/12/2010
Due within one year	CP	21 570	25,7%	17 159	-76,5%	72 950
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	30 974 205	16,3%	26 630 854	-8,7%	29 162 791

Shareholder Equity (I)

		31/12/2012		31/12/2011		31/12/2010
Total shareholders' equity (Total I)	DL	9 676 408	-0,5%	9 721 199	-8,5%	10 626 123
Equity and shareholders' equity	DA	5 000 000	0%	5 000 000	0%	5 000 000
Issue and merger premiums	DB	241 450	0%	241 450	0%	241 450
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	500 000	0%	500 000	70,2%	293 836
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	3 729 749	1,2%	3 684 673	1,5%	3 630 260
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	0	0%	0	0%	0
Profit or loss for the period	DI	205 209	-30,5%	295 076	-79,8%	1 460 576
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	0	0%	92 798	71,9%	53 974
Risk provisions	DP	0	0%	92 798	71,9%	53 974
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	21 297 797	26,6%	16 816 858	-9,0%	18 482 694
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	7 212 430	1728,4%	394 466	-91,0%	4 398 720
Sundry loans and financial liabilities	DV	4 848 253	-6,6%	5 190 490	13,2%	4 585 874
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	8 203 781	-21,3%	10 421 410	18,3%	8 805 919
Tax and social security liabilities	DY	962 211	60,3%	600 409	30,2%	460 990
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	71 122	-66,1%	210 083	-9,1%	231 191

Translation loss (V)

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

Equalization accounts

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

References

		31/12/2012		31/12/2011		31/12/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	16 542 102	-8,7%	18 111 926
Of which current bank facilities	EH	0	0%	0	0%	3 860 640

Display parameter

Currency Euro Kilo Euro

			31/12/2012		31/12/2011		31/12/2010
	Operating result (Total I-II)	GG	745 963	-51,3%	1 532 584	-23,0%	1 991 382

2 - Financial result (V - VI)

			31/12/2012		31/12/2011		31/12/2010
	Financial result (Total V-VI)	GV	-193 762	59,1%	-473 966	-552,0%	-72 689

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	552 201	-47,8%	1 058 618	-44,8%	1 918 693

4 - Extraordinary result (VII-VIII)

			31/12/2012		31/12/2011		31/12/2010
	Extraordinary result (Total VII-VIII)	HI	-165 518	66,6%	-494 978	-287,0%	264 667

Profit or loss

			31/12/2012		31/12/2011		31/12/2010
	Profit or loss	HN	205 209	-30,5%	295 076	-79,8%	1 460 576

Total Income (I+III+V+VII)

			31/12/2012		31/12/2011		31/12/2010
	Total Income (I+III+V+VII)	HL	89 777 937	-32,8%	133 573 781	46,6%	91 102 751

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	89 572 730	-32,8%	133 278 705	48,7%	89 642 175

Operating income (I)

			31/12/2012		31/12/2011		31/12/2010
	Total operating income (Total I)	FR	89 318 362	-32,7%	132 678 339	47,4%	89 994 334

Operating income (details)

		31/12/2012		31/12/2011		31/12/2010
Sale of goods for resale	FC	89 058 714	-32,7%	132 316 608	118,9%	60 447 126
France	FA	23 114 417	7,2%	21 560 101	231,7%	6 500 802
Export	FB	65 944 297	-40,5%	110 756 507	105,3%	53 946 324
Sale of goods produced	FF	0	0%	0	0%	29 424 649
France	FD	0	0%	0	0%	7 220 534
Export	FE	0	0%	0	0%	22 204 115
Sale of services	FI	104 329	32,1%	79 003	50,0%	52 666
France	FG	77 764	-1,6%	79 003	50,0%	52 666
Export	FH	26 565	0%	0	0%	0
Net turnover	FL	89 163 043	-32,7%	132 395 611	47,2%	89 924 441
France	FJ	23 192 181	7,2%	21 639 104	57,1%	13 774 002
Export	FK	65 970 862	-40,4%	110 756 507	45,4%	76 150 439
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	3 789
Release of reserves and provisions	FP	148 805	-46,1%	276 032	345,3%	61 992
Other income	FQ	6 514	-2,7%	6 696	62,8%	4 112

Operating charges (II)

			31/12/2012		31/12/2011		31/12/2010
	Total operating charges (Total II)	GF	88 572 399	-32,5%	131 145 755	49,0%	88 002 952

Exploitation charges

		31/12/2012		31/12/2011		31/12/2010
Purchase of goods for resale	FS	83 043 079	-29,8%	118 299 138	96,3%	60 261 830
Change in stocks of goods for resale	FT	-2 769 387	-180,1%	3 455 646	158,5%	-5 909 812
Purchase of raw materials	FU	53 631	-27,6%	74 054	-99,7%	27 573 004
Change in stocks of raw materials	FV	0	0%	0	0%	-1 757 620
Other external purchases and charges	FW	5 346 334	-11,5%	6 039 228	38,4%	4 363 105
Tax, duty and similar payments	FX	336 834	-5,4%	355 931	16,6%	305 270
Payroll	FY	1 054 551	-2,2%	1 078 421	14,3%	943 714
Social security costs	FZ	475 774	-1,5%	483 224	13,8%	424 531

Depreciation

		31/12/2012		31/12/2011		31/12/2010
Depreciation of fixed assets	GA	266 215	-2,0%	271 646	11,8%	243 016
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	105 000	0%	0	0%	804 632
Provisions for risks and charges	GD	0	0%	92 798	71,9%	53 974

Other charges

			31/12/2012		31/12/2011		31/12/2010
	Other charges	GE	660 368	-33,7%	995 669	42,8%	697 308

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	439 280	2,3%	429 232	-28,5%	599 989
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	0	0%	2 956
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	439 280	3,2%	425 630	-24,3%	562 134
Net income from disposal of investment securities	GO	0	0%	3 602	-89,7%	34 899

Financial Charge (VI)

		31/12/2012		31/12/2011		31/12/2010
Total financial charge (Total VI)	GU	633 042	-29,9%	903 198	34,3%	672 678
Financial reserves and provisions	GQ	0	0%	0	0%	0
Interest and similar charges	GR	263 728	-34,5%	402 701	136,5%	170 299
Exchange losses	GS	369 314	-26,2%	500 497	-0,4%	502 379
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	20 295	-95,6%	466 210	-8,3%	508 428
Extraordinary operating income	HA	20 295	-91,0%	225 702	481,6%	38 805
Extraordinary income from capital transactions	HB	0	0%	121 250	-69,7%	400 000
Released provisions and transferred charges	HC	0	0%	119 258	71,3%	69 623

Extraordinary charges (VIII)

		31/12/2012		31/12/2011		31/12/2010
Total extraordinary charges (Total VIII)	HH	185 813	-80,7%	961 188	294,3%	243 761
Extraordinary operating charges	HE	185 813	-77,8%	836 303	950,0%	79 649
Extraordinary charges from capital transactions	HF	0	0%	124 885	-23,9%	164 112
Extraordinary reserves and provisions	HG	0	0%	0	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%	0

Tax on profits (X)

			31/12/2012		31/12/2011		31/12/2010
	Tax on profits (Total X)	HK	181 476	-32,4%	268 564	-62,8%	722 785

References

		31/12/2012		31/12/2011		31/12/2010
Of which equipment leases	HP	82 828	27,0%	65 213	-85,1%	437 377
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	56 007	-27,1%	76 821	97,5%	38 890
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	659 942	-33,5%	992 166	47,2%	673 866

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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%	54 432	0%	0
Decreasess by transfers	OK2	0	0%	139 800	-23,4%	182 447
Gross value at the end of period	OL	3 791 467	3,8%	3 653 756	1,9%	3 584 322

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	945 321	0,1%	944 764	0%	944 764
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	0	0%	557	0%	0
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	0	0%	01	0%	0
Gross value at the end of period	LW	945 321	0,0%	945 320	0,1%	944 764

Tangible fixed assets (Total III)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LN	2 670 121	4,0%	2 566 608	7,9%	2 379 390
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	133 298	-47,3%	252 710	-28,1%	351 331
Decreasess by budget item transfer	NG1	0	0%	9 400	0%	0
Decreasess by transfers	NG2	0	0%	139 800	-14,8%	164 113
Gross value at the end of period	NH	2 803 419	5,0%	2 670 118	4,0%	2 566 608

Financial assets (Total IV)

		31/12/2012		31/12/2011		31/12/2010
Gross value at begin of period	LQ	38 318	-47,5%	72 950	0,6%	72 484
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	4 411	-57,6%	10 400	-44,7%	18 800
Decreasess by budget item transfer	NJ1	0	0%	45 032	0%	0
Decreasess by transfers	NJ2	0	0%	0	0%	18 334
Gross value at the end of period	NK	42 729	11,5%	38 318	-47,5%	72 950

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

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

Research and development charge (Total I)

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

Other intangible assets (Total II)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	PE	3 769	2,7%	3 669	18,5%	3 097
Increases		PF	186	86,0%	100	-82,5%	572
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	3 955	4,9%	3 769	2,7%	3 669

Total fixed assets amotisation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Reserve for depreciation value at begin of period	QU	1 843 192	16,2%	1 586 558	18,0%	1 344 114
Increases		QV	266 029	-2,0%	271 544	12,0%	242 444
Decreases		QW	0	0%	14 915	0%	0
	Decreasess by budget item transfer	QX	2 109 221	14,4%	1 843 187	16,2%	1 586 558

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	1 667 798	-11,9%	1 893 468	67,9%	1 127 586
Increases		UB	105 000	13,1%	92 798	-89,2%	858 606
Decreases		UC	92 798	-70,9%	318 468	243,5%	92 724
	Value at the end of period	UD	1 680 000	0,7%	1 667 798	-11,9%	1 893 468

Includes Total allocations

Operating	UE	105 000	13,1%	92 798	-89,2%	858 606
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	92 798	-53,4%	199 210	762,3%	23 101
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	119 258	71,3%	69 623

Total regulated provisions (Total I)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	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	92 798	71,9%	53 974	-22,5%	69 623
Increases		TV	0	0%	92 798	71,9%	53 974
Decreases		TW	92 798	71,9%	53 974	-22,5%	69 623
	Value at the end of period	TX	0	0%	92 798	71,9%	53 974

Total Provision for depreciation (Total III)

			31/12/2012		31/12/2011		31/12/2010
	Value at begining of period	7B	1 575 000	-14,4%	1 839 494	73,9%	1 057 963
Increases		TY	105 000	0%	0	0%	804 632
Decreases		TZ	0	0%	264 494	1044,9%	23 101
	Value at the end of period	UA	1 680 000	6,7%	1 575 000	-14,4%	1 839 494

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

		31/12/2012		31/12/2011		31/12/2010
Gross value	VT	9 764 169	-20,7%	12 314 588	25,7%	9 796 614
1 year at most	VU	9 748 010	-20,7%	12 298 429	25,5%	9 796 614
More than one year	VV	16 159	0%	16 159	0%	0

State of loans

		31/12/2012		31/12/2011		31/12/2010
Claims related to holdings (gross)	UL	21 570	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	21 570	0%	0	0%	0
Loans (gross)	UP	16 159	-5,8%	17 159	-40,1%	28 659
Loans (1 year at most)	UR	0	0%	17 159	-40,1%	28 659
Other financial assets (gross)	UT	0	0%	16 159	-63,5%	44 291
Other financial assets (1 year at most)	UV	0	0%	0	0%	44 291

Receivables statement of assets

		31/12/2012		31/12/2011		31/12/2010
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	7 628 912	-21,4%	9 702 483	15,0%	8 439 355
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	4 168	20,9%	3 447	22,7%	2 809
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	1 024 513	75,3%	584 586	90,5%	306 842
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	33 690	113,1%	15 810	0%	0
Group and Associates	VC	87 087	-80,8%	454 221	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	822 503	-44,7%	1 486 758	61,0%	923 409

Prepaid

			31/12/2012		31/12/2011		31/12/2010
	Prepaid	VS	125 568	269,7%	33 965	-33,7%	51 249

State Debt

			31/12/2012		31/12/2011		31/12/2010
	Total debt (gross)	VY	21 297 797	26,6%	16 816 857	-9,0%	18 482 694
1 year at most		VZ2	21 132 024	27,7%	16 542 102	-8,7%	18 111 927
More than 1 year and 5 years at most		VZ3	131 222	-36,9%	208 096	-28,0%	288 915
More than 5 years		VZ4	34 551	-48,2%	66 659	-18,6%	81 852

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	6 937 675	48753,4%	14 201	-99,6%	3 873 421
1 year at most		VG2	6 937 675	48753,4%	14 201	-99,6%	3 873 421
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	274 755	-27,7%	380 265	-27,6%	525 299
1 year at most		VH2	108 982	3,3%	105 510	-31,7%	154 532
More than 1 year and 5 years at most		VH3	131 222	-36,9%	208 096	-28,0%	288 915
	Loans and various financial liabilities (gross)	8A1	0	0%	0	0%	0
1 year at most		8A2	0	0%	0	0%	0
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	8 203 781	-21,3%	10 421 410	18,3%	8 805 919
1 year at most		8B2	8 203 781	-21,3%	10 421 410	18,3%	8 805 919
More than 1 year and 5 years at most		8B3	8 203 781	-21,3%	10 421 410	18,3%	8 805 919
	Personnel and associated accounts (gross)	8C1	88 503	-25,6%	119 012	27,5%	93 352
1 year at most		8C2	88 503	-25,6%	119 012	27,5%	93 352
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	127 092	-33,8%	191 924	16,2%	165 210
1 year at most		8D2	127 092	-33,8%	191 924	16,2%	165 210
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	586 721	858,2%	61 232	142300%	43
1 year at most		VW2	586 721	858,2%	61 232	142300%	43
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	159 896	-29,9%	228 241	12,8%	202 384
1 year at most		VQ2	159 896	-29,9%	228 241	12,8%	202 384
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%	0
1 year at most		8J2	0	0%	0	0%	0
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	4 848 253	-6,6%	5 190 490	13,2%	4 585 874
1 year at most		VI2	4 848 253	-6,6%	5 190 490	13,2%	4 585 874
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	71 122	-66,1%	210 083	-9,1%	231 191
1 year at most		8K2	71 122	-66,1%	210 083	-9,1%	231 191
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2011		31/12/2010
Loans made during the period	VJ	105 510	711,6%	13 000	-91,3%	150 000
Debt repaid during the period	VK	0	0%	158 035	2,0%	154 891

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%	955 738	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	26	-7,1%	28	7,7%	26

Groups and Shareholders

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

Display parameter

Currency Euro Kilo Euro

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	6,29	33,3%	4,72	-2,7%	4,85	1,67	276,6%
Global Debt	86 days	87,0%	46 days	-37,8%	74 days	97,50 days	-11,8%
Working Capital Fund overall net	81 days	118,9%	37 days	-32,7%	55 days	78 days	3,8%
Financial independence	134,16%	-94,6%	2464,39%	920,2%	241,57%	415,97%	-67,7%

Solvability	31,24%	-14,4%	36,50%	0,2%	36,44%	48,72%	-35,9%
Capacity debt futures	137,32%	-98,3%	8120,56%	2978,2%	263,81%	1028,60%	-86,6%
Coverage of current assets by net working capital overall	65,02%	26,1%	51,55%	8,0%	47,74%	50,96%	27,6%
General Liquidity	0,46	-37,8%	0,74	37,0%	0,54	0,47	-2,1%
Restricted Liquidity	0,72	-8,9%	0,79	16,2%	0,68	1,03	-30,1%

Management or rotation

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Need background in operating working capital	59 days	68,6%	35 days	-41,7%	60 days	27 days	118,5%
Treasury	22 days	1000%	2 days	140,0%	-5 days	23 days	-4,3%
Inventory turnover of goods	71 days	82,1%	39 days	-51,9%	81 days	124 days	-42,7%
Average length of credit granted to customers	31 days	19,2%	26 days	-23,5%	34 days	19 days	63,2%
Average length of credit obtained suppliers	34 days	17,2%	29 days	-23,7%	38 days	34,50 days	-1,4%

Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	19 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	-	days	-	3504 days	329,50 days	-
Rotation tangible assets	3180,51%	-35,9%	4958,42%	41,5%	3503,63%	356,93%	791,1%

Profitability of the business

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Margin trading	9,85%	23,4%	7,98%	17,7%	6,78	49,86%	-80,2%
Profitability of the business	1,82	-7,6%	1,97	-52,4%	4,14	5,97%	-69,5%
Net profit	0,23%	4,5%	0,22%	-86,4%	1,62%	3,52%	-93,5%

Growth rate of turnover (excluding VAT)	-32,65%	-169,1%	47,23%	-42,4%	81,96%	-2,40%	-1260,4%
Rates integration	3,91%	14,3%	3,42%	-43,0%	6%	36,35%	-89,2%
Rate leasing furniture	0,09%	80,0%	0,05%	-89,8%	0,49%	0%	0%
Work Factor	43,86%	27,2%	34,49%	35,9%	25,37%	70,89%	-38,1%
Weight interests	0,71	4,4%	0,68%	-9,3%	0,75%	0,26%	173,1%

Return on capital

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Cash flow from the overall profitability	0,42%	121,1%	0,19%	-87,6%	1,53%	5,73%	-92,7%
Rates of economic profitability	7%	-58,8%	17%	-10,5%	19%	15,37%	-54,5%
Financial profitability	9676408%	-0,5%	9721199%	-8,5%	10626123%	237662%	3971,5%
Return on investment	3,86%	-50,7%	7,83%	-28,0%	10,88%	9,90%	-61,0%

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	89 163 043	-32,7%	132 395 611	47,2%	89 924 441	863 150 €	10230,0%

Sales of goods	89 058 714	-32,7%	132 316 608	118,9%	60 447 126
- Purchase of goods	83 043 079	-29,8%	118 299 138	96,3%	60 261 830
+/- Stock of goods variation	-2 769 387	-180,1%	3 455 646	158,5%	-5 909 812
Trading margin	8 785 022 €	-16,8%	10 561 824 €	73,3%	6 095 108 €	395 515,50 €	2121,2%
	9,85 % CA	23,4%	7,98 % CA	17,7%	6,78 % CA	50,29 % CA	-80,4%

Sale of goods produced	104 329	32,1%	79 003	-99,7%	29 477 315
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	104 329 €	32,1%	79 003 €	-99,7%	29 477 315 €	42 262,50 €	146,9%
	0,12 % CA	100%	0,06 % CA	-99,8%	32,78 % CA	5,22 % CA	-97,7%

Trading margin	8 785 022	-16,8%	10 561 824	73,3%	6 095 108	395 515,50	2121,2%
+ Period Production	104 329	32,1%	79 003	-99,7%	29 477 315	42 262,50	146,9%
- Purchase of raw materials	53 631	-27,6%	74 054	-99,7%	27 573 004
+/- Change in stocks of raw materiels	0	0%	0	0%	-1 757 620
- Other external purchases and charges	5 346 334	-11,5%	6 039 228	38,4%	4 363 105
Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
	3,91 % CA	14,3%	3,42 % CA	-43,0%	6,00 % CA	36,35 % CA	-89,2%

Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
+ Operating grants	0	0%	0	0%	3 789
- Tax, duty and similar payments	336 834	-5,4%	355 931	16,6%	305 270
- Personal charges	1 530 325	-2,0%	1 561 645	14,1%	1 368 245
Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
	1,82 % CA	-7,6%	1,97 % CA	-52,4%	4,14 % CA	5,97 % CA	-69,5%

Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
+ Release of reserves and provisions	148 805	-46,1%	276 032	345,3%	61 992
+ Other operating income	6 514	-2,7%	6 696	62,8%	4 112
- Depreciation/Amortisation	371 215	1,9%	364 444	-66,9%	1 101 622
- Other charges	660 368	-33,7%	995 669	42,8%	697 308
Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
	0,84 % CA	-27,6%	1,16 % CA	-47,5%	2,21 % CA	4,09 % CA	-79,5%

Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	439 280	2,3%	429 232	-28,5%	599 989
- Financial charges	633 042	-29,9%	903 198	34,3%	672 678
Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
	0,62 % CA	-22,5%	0,80 % CA	-62,4%	2,13 % CA	4,10 % CA	-84,9%

Extraordinary income	20 295	-95,6%	466 210	-8,3%	508 428	1 298	1463,6%
- Extraordinary charges	185 813	-80,7%	961 188	294,3%	243 761
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
	-0,19 % CA	48,6%	-0,37 % CA	-227,6%	0 % CA	0 % CA	0%

Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	181 476	-32,4%	268 564	-62,8%	722 785
Net result	205 207 €	-30,5%	295 076 €	-79,8%	1 460 575 €	29 873 €	586,9%
	0,23 % CA	4,5%	0,22 % CA	-86,4%	1,62 % CA	3,52 % CA	-93,5%

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	89 163 043	-32,7%	132 395 611	47,2%	89 924 441	863 150 €	10230,0%

Sales of goods	89 058 714	-32,7%	132 316 608	118,9%	60 447 126
- Purchase of goods	83 043 079	-29,8%	118 299 138	96,3%	60 261 830
+/- Stock of goods variation	-2 769 387	-180,1%	3 455 646	158,5%	-5 909 812
Trading margin	8 785 022 €	-16,8%	10 561 824 €	73,3%	6 095 108 €	395 515,50 €	2121,2%
	9,85 % CA	23,4%	7,98 % CA	17,7%	6,78 % CA	50,29 % CA	-80,4%

Sale of goods produced	104 329	32,1%	79 003	-99,7%	29 477 315
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	104 329 €	32,1%	79 003 €	-99,7%	29 477 315 €	42 262,50 €	146,9%
	0,12 % CA	100%	0,06 % CA	-99,8%	32,78 % CA	5,22 % CA	-97,7%

Trading margin	8 785 022	-16,8%	10 561 824	73,3%	6 095 108	395 515,50	2121,2%
+ Period Production	104 329	32,1%	79 003	-99,7%	29 477 315	42 262,50	146,9%
- Purchase of raw materials	53 631	-27,6%	74 054	-99,7%	27 573 004
+/- Change in stocks of raw materiels	0	0%	0	0%	-1 757 620
- Other external purchases and charges	5 346 334	-11,5%	6 039 228	38,4%	4 363 105
Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
	3,91 % CA	14,3%	3,42 % CA	-43,0%	6,00 % CA	36,35 % CA	-89,2%

Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
+ Operating grants	0	0%	0	0%	3 789
- Tax, duty and similar payments	336 834	-5,4%	355 931	16,6%	305 270
- Personal charges	1 530 325	-2,0%	1 561 645	14,1%	1 368 245
Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
	1,82 % CA	-7,6%	1,97 % CA	-52,4%	4,14 % CA	5,97 % CA	-69,5%

Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
+ Release of reserves and provisions	148 805	-46,1%	276 032	345,3%	61 992
+ Other operating income	6 514	-2,7%	6 696	62,8%	4 112
- Depreciation/Amortisation	371 215	1,9%	364 444	-66,9%	1 101 622
- Other charges	660 368	-33,7%	995 669	42,8%	697 308
Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
	0,84 % CA	-27,6%	1,16 % CA	-47,5%	2,21 % CA	4,09 % CA	-79,5%

Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	439 280	2,3%	429 232	-28,5%	599 989
- Financial charges	633 042	-29,9%	903 198	34,3%	672 678
Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
	0,62 % CA	-22,5%	0,80 % CA	-62,4%	2,13 % CA	4,10 % CA	-84,9%

Extraordinary income	20 295	-95,6%	466 210	-8,3%	508 428	1 298	1463,6%
- Extraordinary charges	185 813	-80,7%	961 188	294,3%	243 761
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
	-0,19 % CA	48,6%	-0,37 % CA	-227,6%	0 % CA	0 % CA	0%

Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	181 476	-32,4%	268 564	-62,8%	722 785
Net result	205 207 €	-30,5%	295 076 €	-79,8%	1 460 575 €	29 873 €	586,9%
	0,23 % CA	4,5%	0,22 % CA	-86,4%	1,62 % CA	3,52 % CA	-93,5%

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2011		31/12/2010	Sector Median 2012
Turnover	89 163 043	-32,7%	132 395 611	47,2%	89 924 441	863 150 €	10230,0%

Sales of goods	89 058 714	-32,7%	132 316 608	118,9%	60 447 126
- Purchase of goods	83 043 079	-29,8%	118 299 138	96,3%	60 261 830
+/- Stock of goods variation	-2 769 387	-180,1%	3 455 646	158,5%	-5 909 812
Trading margin	8 785 022 €	-16,8%	10 561 824 €	73,3%	6 095 108 €	395 515,50 €	2121,2%
	9,85 % CA	23,4%	7,98 % CA	17,7%	6,78 % CA	50,29 % CA	-80,4%

Sale of goods produced	104 329	32,1%	79 003	-99,7%	29 477 315
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	104 329 €	32,1%	79 003 €	-99,7%	29 477 315 €	42 262,50 €	146,9%
	0,12 % CA	100%	0,06 % CA	-99,8%	32,78 % CA	5,22 % CA	-97,7%

Trading margin	8 785 022	-16,8%	10 561 824	73,3%	6 095 108	395 515,50	2121,2%
+ Period Production	104 329	32,1%	79 003	-99,7%	29 477 315	42 262,50	146,9%
- Purchase of raw materials	53 631	-27,6%	74 054	-99,7%	27 573 004
+/- Change in stocks of raw materiels	0	0%	0	0%	-1 757 620
- Other external purchases and charges	5 346 334	-11,5%	6 039 228	38,4%	4 363 105
Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
	3,91 % CA	14,3%	3,42 % CA	-43,0%	6,00 % CA	36,35 % CA	-89,2%

Added value	3 489 386 €	-22,9%	4 527 545 €	-16,1%	5 393 934 €	316 774,50 €	1001,5%
+ Operating grants	0	0%	0	0%	3 789
- Tax, duty and similar payments	336 834	-5,4%	355 931	16,6%	305 270
- Personal charges	1 530 325	-2,0%	1 561 645	14,1%	1 368 245
Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
	1,82 % CA	-7,6%	1,97 % CA	-52,4%	4,14 % CA	5,97 % CA	-69,5%

Gross operating surplus	1 622 227 €	-37,8%	2 609 969 €	-29,9%	3 724 208 €	48 460 €	3247,6%
+ Release of reserves and provisions	148 805	-46,1%	276 032	345,3%	61 992
+ Other operating income	6 514	-2,7%	6 696	62,8%	4 112
- Depreciation/Amortisation	371 215	1,9%	364 444	-66,9%	1 101 622
- Other charges	660 368	-33,7%	995 669	42,8%	697 308
Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
	0,84 % CA	-27,6%	1,16 % CA	-47,5%	2,21 % CA	4,09 % CA	-79,5%

Operating result	745 963 €	-51,3%	1 532 584 €	-23,0%	1 991 382 €	36 148 €	1963,6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	439 280	2,3%	429 232	-28,5%	599 989
- Financial charges	633 042	-29,9%	903 198	34,3%	672 678
Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
	0,62 % CA	-22,5%	0,80 % CA	-62,4%	2,13 % CA	4,10 % CA	-84,9%

Extraordinary income	20 295	-95,6%	466 210	-8,3%	508 428	1 298	1463,6%
- Extraordinary charges	185 813	-80,7%	961 188	294,3%	243 761
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
	-0,19 % CA	48,6%	-0,37 % CA	-227,6%	0 % CA	0 % CA	0%

Pre-tax result	552 201 €	-47,8%	1 058 618 €	-44,8%	1 918 693 €	35 074,50 €	1474,4%
Extraordinary result	-165 518 €	66,6%	-494 978 €	-287,0%	264 667 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	181 476	-32,4%	268 564	-62,8%	722 785
Net result	205 207 €	-30,5%	295 076 €	-79,8%	1 460 575 €	29 873 €	586,9%
	0,23 % CA	4,5%	0,22 % CA	-86,4%	1,62 % CA	3,52 % CA	-93,5%

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 9,676,408 €

The creditor days are 33.58

The liabilities are 21,297,797 €

The net current assets are 29,295,914 €

The net turnover is 89,163,043 €

The total assets are 30,974,205 €

Low risk workforce size

Industry code with low risk rating

Department code with low risk rating

The risk provisions are 0 €

The company has 1 director(s)

The pre-tax profit is 386,685 €

The sales to current assets ratio is 3,04

The ratio total assets to total liabilities is 1,45

The return on total assets employed is 1,25

The stock to turnover ratio is 15.88

The decrease of tangible fixed assets over the last two accounting periods is 16 %

The increase in the gearing percentage over the last two accounting periods is 113 %

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	31/03/2009
Status of Monitoring	No social security and tax office preferential right to date

Group data

Ultimate parent company	EPUR
Direct parent	EPUR INTERNATIONAL - 72.71 %
Group – Number of companies	10
Linkages – Number of companies	-
Number of countries	-

Linkages

Ultimate parent company	EPUR
Direct parent	EPUR INTERNATIONAL - 72.71 %
Group – Number of companies	10
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
14/03/2014	Bodacc B	Modification et mutation diverse

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 113 - 413 582 743 RCS Aix-en-Provence. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Capital : 5000000 EUR. Activité : . Commentaires : Fusion - L236-1 à compter du 28/12/2013 : Personne(s) morale(s) ayant participé à l'opération : EPUR METAL, Société par actions simplifiée (SAS), quartier de l'Aiguille 13180 Gignac-la-Nerthe (RCS AIX (1301) 349 947 226).
14/01/2014	Bodacc B	Modification et mutation diverse

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 66 - 413 582 743 RCS Aix-en-Provence. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Administration : Président : EPUR INTERNATIONAL (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
08/01/2014	JAL	Resignation / Revocation of the social representative

Marseille l Hebdo Date de décision : 28/06/2013 La société 413582743 - EPUR INDUSTRIE, QUA L'AIGUILLE, QUARTIER DE L'AIGUILLE, 13180 GIGNAC LA NERTHE Fait l'objet du départ de Monsieur Joachim MUSCINESI, 24 Boulevard Carmagnole, MARSEILLE
08/01/2014	JAL	Appointment of the social representative

Marseille l Hebdo Date de décision : 28/06/2013 Société faisant l'objet d'une nomination : 413582743 - EPUR INDUSTRIE, QUA L'AIGUILLE, QUARTIER DE L'AIGUILLE, 13180 GIGNAC LA NERTHE Nominé : 070800156 - EPUR INTERNATIONAL, AJM GROUP, QUA DE L'AIGUILLE, 13180 GIGNAC LA NERTHE En la fonction de : Président
28/11/2013	Bodacc A	Vente et cession : Acheteur

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 38 - 413 582 743 RCS Aix-en-Provence. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Capital : 5000000 EUR. Adresse : Quartier l'Aiguille, 13180 Gignac-la-Nerthe. Date de commencement de l’activité : 01/01/0001. Oppositions : Art.L.236-14 du code de commerce. Descriptif : Avis de projet de fusion Projet de fusion entre : EPUR METAL SAS au capital de 600 000 euros dont le si¿ge social est Quartier de l'Aiguille 13180 Gignac la Nerthe (RCS Aix 349 947 226) et EPUR INDUSTRIE SAS au capital de 5 000 000 euros et dont le si¿ge social est Quartier de l'Aiguille 13180 Gignac la Nerthe (RCS Aix 413 582 743) Aux termes d'un acte sous seing priv¿ en date du 15 novembre 2013, les soci¿t¿s ont ¿tabli le projet de leur fusion par voie d'absorption de la soci¿t¿ EPUR METAL par la soci¿t¿ EPUR INDUSTRIE. La soci¿t¿ EPUR METAL ferait apport ¿ la soci¿t¿ EPUR INDUSTRIE de la totalit¿ de son actif, soit 10 183 261 euros, ¿ charge de la totalit¿ de son passif, soit 8 948 190 euros. La valeur nette des apports s'¿l¿verait ¿ 1 235 071 euros. La soci¿t¿ EPUR INDUSTRIE d¿tenant la totalit¿ des 30 000 actions composant le capital social de la soci¿t¿ EPUR METAL, il ne sera proc¿d¿ ¿ aucune augmentation de capital et aucun rapport d'¿change n'a ¿t¿ d¿termin¿. Aucune prime de fusion ne sera comptabilis¿e. Conform¿ment ¿ l'article L. 236-6 du Code de commerce, le projet de fusion a ¿t¿ d¿pos¿ au greffe du Tribunal de commerce d'AIX EN PROVENCE au nom des deux soci¿t¿s le 19 Novembre 2013. Commentaires : Autre achat, apport, attribution.
04/11/2013	Bodacc C	Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 877 - 413582743 RCS. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Adresse : Quartier l'Aiguille 13180 Gignac-la-Nerthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
18/09/2012	Bodacc C	Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 1237 - 413582743 RCS. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Adresse : Quartier l'Aiguille 13180 Gignac-la-Nerthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
24/01/2012	JAL	Start of rent-management

Affiches parisiennes (Les) Date de décision : 03/01/2011 Bailleur : 572212660 - EPUR ILE DE FRANCE, RECUPACCUS, 2 AV JACQUES DUCLOS, ZAC DE LA CERISAIE 2-6, 93240 STAINS Locataire gérant : 413582743 - EPUR INDUSTRIE, QUA L'AIGUILLE, QUARTIER DE L'AIGUILLE, 13180 GIGNAC LA NERTHE Date d’effet : 01/01/2011 pour une durée de 1 mois
10/09/2010	Bodacc C	Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 1805 - 413582743 RCS. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Adresse : Quartier l'Aiguille 13180 Gignac-la-Nerthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
26/08/2009	Bodacc C	Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 1801 - 413582743 RCS. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Adresse : Quartier l'Aiguille 13180 Gignac-la-Nerthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
19/10/2008	Bodacc B	Modification et mutation diverse

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 371 - 413 582 743 RCS Aix-en-Provence. EPUR INDUSTRIE. Forme : Société par actions simplifiée. Capital : 5000000 EUR. Commentaires : Modification survenue sur la dénomination, le capital.
03/06/2008	Bodacc C	Comptes annuels et rapports

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 964 - 413582743 RCS. S.M.R. INDUSTRIE. Forme : Société par actions simplifiée. Adresse : Quartier l'Aiguille, 13180 Gignac-la-Nerthe. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
04/03/2008	Bodacc B	Modification et mutation diverse

13 - BOUCHES-DU-RHONE GREFFE DU TRIBUNAL DE COMMERCE D'AIX-EN-PROVENCE 546 - 413 582 743 RCS Aix-en-Provence. S.M.R. INDUSTRIE. Forme : Société par actions simplifiée. Adresse du siège social : Quartier l'Aiguille, 13180 Gignac-la-Nerthe. Commentaires : Transfert du siège social.
20/09/2007	Bodacc C	Avis de dépôt des comptes

2141 - 413 582 743. RCS Marseille S M R INDUSTRIE. Forme: Société par actions simplifiée. Adresse du siège social: 400 chemin du Littoral 13016 Marseille. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
26/09/2006	Bodacc C	Avis de dépôt des comptes

769 - RCS Marseille B 413 582 743. RC 97-B 1777. S M R INDUSTRIE. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE - SAS. Adresse du siège social: 400, chemin du Littoral,13016 Marseille 16. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
17/09/2005	Bodacc C	Avis de dépôt des comptes

1841 - RCS Marseille B 413 582 743. RC 97-B 1777. S M R INDUSTRIE. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 400, chemin du Littoral,13016 Marseille 16. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
29/08/2004	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A.S. Capital : 2 600 000 euros Nom commercial: SMRI. Commentaires : modification survenue sur le capital (augmentation).
14/01/2004	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A.S Nom commercial: SMRI. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : administrateurs partants : MUSCINESI (Auguste, Jean) ( Nom d'usage : MUSCINESI) SIMON ( Françoise) ( Nom d'usage : MUSCINESI). Modification du président : MUSCINESI ( Joachim) ( Nom d'usage : MUSCINESI).
17/07/2002	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A Nom commercial: S.M.R.I. Commentaires : modification survenue sur l' administration. Administration : modification du P.-D.G. : MUSCINESI ( Joachim) ( Nom d'usage : MUSCINESI).
02/09/2001	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A. Capital : 2 000 000 d'euros Nom commercial: S.M.R.I. Commentaires : modification survenue sur le capital (augmentation).
31/08/2000	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A Nom commercial: S.M.R.I. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration : MUSCINESI (Joachim) ( Nom d'usage : MUSCINESI). Modification d'un administrateur : MUSCINESI ( Auguste, Jean) ( Nom d'usage : MUSCINESI).
14/01/2000	Bodacc A	Création d'établissement

RCS B 413 582 743 RC 99-B 00569 S.M.R. INDUSTRIE. Forme : S.A. Nom commercial: S. M.R.I. Adresse du siège social : 400 chemin du Littoral, 13016 Marseille Fonds secondaire acquis par apport, au montant évalué à 450 000 F ETABLISSEMENT SECONDAIRE. Activité : directement ou indirectement en France ou à l'étranger, commerce de détail et en gros de métaux ferreux ou non ferreux , fer de réemploi, importation et exportation de stockage, entreposage, diffusion et transit. Adresse : lotissement industriel Sud, 4e avenue, n° 9, 13127 Vitrolles Date de début d' activité: 1er avril 1999 Précédente propriétaire SOCIETE METOFER. RCS B 410 130 801 Publication légale: Les Nouvelles Publications économiques et juridiques du 15 octobre 1999. Oppositions : société Métofer, lotissement industriel Sud, 4e avenue, n° 3, 13127 Vitrolles et au siège social.
29/08/1999	Bodacc B	Modifications et mutations diverses

RCS Marseille B 413582743 RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A Nom commercial: S.M.R.I. Commentaires : modification survenue sur l' administration. Administration : modification du directeur général et administrateur : MUSCINESI (Joachim) ( Nom d'usage : MUSCINESI).
17/10/1998	Bodacc A	Création d'établissement

Rectificatif: Annonce numéro: 127 Date de parution: 28 aout 1998 Page: 6 Numéro de parution: 163 B Cet avis est annulé et remplacé par le suivant. RCS Marseille B 413 582 743 RC 97-B 1777 S. M.R. INDUSTRIE. Forme : S.A. Capital : 10 030 000 F Nom commercial: S.M.R. Industrie. Activité : commerce au détail et en gros de métaux ferreux ou non, de fer de réemploi. Adresse du siège social : 400 chemin du Littoral 13016 Marseille. Administration : président du conseil d' administration : MUSCINESI (Auguste). Administrateurs : Mme SIMON (Françoise) et MUSCINESI (Joachim). Commissaire aux comptes titulaire : S.A. AUDIT FRANCE. Commissaire aux comptes suppléant : GAMET (René) Fonds acquis par apport partiel d'actif au montant évalué à 9 780 000 F. Commentaires : modification survenue sur le capital (augmentation). Date d'effet : 30 juin 1998. Précédent propriétaire : SOCIETE MARSEILLAISE DE RECUPERATION INDUSTRIELLE. RCS Marseille B 070 800 156 Publication légale: Les Travaux publics et batiment du Midi du 24 juillet 1998 déclaration de créances: au tribunal de commerce de Marseille.
28/08/1998	Bodacc B	Modifications et mutations diverses

RCS *. RCS Marseille B 413 582 743 RC RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A. Capital : 10 030 000 F Nom commercial: S. M.R. Industrie. Commentaires : modification survenue sur le capital ( augmentation).
23/09/1997	Bodacc A	Création d'établissement

RCS *. RCS Marseille B 413 582 743 RC RC 97-B 1777 S.M.R. INDUSTRIE. Forme : S.A. Capital : 250 000 F Nom commercial: S.M. R. Industrie. Adresse du siège social : 400, chemin du Littoral 13016 Marseille. Activité : directement ou indirectement, en France ou à l'étranger, commerce au détail et en gros de métaux ferreux ou non et fer de réemploi, importation, exportation, stockage, entreposage, diffusion et transit. Administration : président du conseil d'administration : MUSCINESI (Auguste, Jean), nom d'usage MUSCINESI Administrateurs : SIMON ( Françoise), nom d'usage : MUSCINESI MUSCINESI (Joachim), nom d'usage : MUSCINESI. Commissaire aux comptes titulaire : S.A. AUDIT FRANCE. Commissaire aux comptes suppléant : GAMET (René), nom d'usage : GAMET Cette société se constitue Date de début d'activité: 31 juillet 1997.

Company events history

Date	Description
09/04/2014	New company name
09/04/2014	Amendment
09/04/2014	Updated articles of association
14/03/2014	Bodacc B: Various editing or changing
25/02/2014	Declaration of conformity
14/01/2014	Bodacc B: Various editing or changing
08/01/2014	Legal Gazette: Resignation / Revocation of the social representative
28/12/2013	Other modification of Establishment
28/12/2013	Update of Company Name
28/12/2013	Modification to Company Identifier
24/12/2013	Minutes of general meeting of shareholders
24/12/2013	New chairman (CEO, CoB)
28/11/2013	Bodacc A : Sale and transfer
19/11/2013	Merger
04/11/2013	Bodacc C : Deposit accounts notice
19/10/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
06/09/2013	New ultimate parent
06/09/2013	New parent detected
28/06/2013	Legal Gazette: Appointment of the social representative
31/12/2012	New accounts available
23/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
09/09/2011	Bodacc C : Deposit accounts notice
26/08/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/01/2011	Legal Gazette: Start of rent-management
31/12/2010	New accounts available
10/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
26/08/2009	Bodacc C : Deposit accounts notice
31/03/2009	Collection of preferential rights activated for this company
31/12/2008	New accounts available
19/10/2008	Bodacc B: Various editing or changing
19/10/2008	New Bodacc B ads detected
28/08/2008	New company name
28/08/2008	Changement de dénomination sociale
28/08/2008	Capital increase
28/08/2008	Augmentation de Capital
28/08/2008	Rapport des Commissaires ou du Gérant
28/08/2008	Audit or Management Report
28/08/2008	Statuts mis à jour
28/08/2008	Updated articles of association
28/08/2008	Minutes of general meeting of shareholders
28/08/2008	PV d'Assemblée
28/08/2008	Declaration of conformity
28/08/2008	Déclaration de conformité
28/08/2008	Private document
01/07/2008	Formation of Establishment
30/06/2008	Modification to Company Identifier
30/06/2008	Update of Company Name
03/06/2008	Bodacc C : Deposit accounts notice
22/05/2008	Private document
22/05/2008	Merger
22/05/2008	Fusion
22/05/2008	Projet de Fusion
22/05/2008	Planned merger
30/04/2008	Acte modificatif
30/04/2008	Application and court order
30/04/2008	Requête et Ordonnance
28/04/2008	Application and court order
04/03/2008	New Bodacc B ads detected
04/03/2008	Bodacc B: Various editing or changing
12/02/2008	Secondary registration becomes main registration
12/02/2008	Private document
12/02/2008	PV d'Assemblée
12/02/2008	Minutes of general meeting of shareholders
12/02/2008	Updated articles of association
12/02/2008	Transfert du Siège dans le ressort du Tribunal de Commerce
12/02/2008	Registered office transferred inside jurisdiction of the Commercial Court
12/02/2008	Statuts mis à jour
02/01/2008	Update of Company Head Office Identifier
02/01/2008	Transfer of Establishment
02/01/2008	Closure of Establishment
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
26/07/2004	Capital increase
26/07/2004	Acte sous seing privé
26/07/2004	Private document
26/07/2004	PV d'Assemblée
26/07/2004	Statuts mis à jour
26/07/2004	Updated articles of association
26/07/2004	Augmentation de Capital
26/07/2004	Minutes of general meeting of shareholders
31/12/2003	New accounts available
22/12/2003	Changement de Forme Juridique avec changement de catégorie
22/12/2003	Changement de Forme Juridique sans changement de catégorie
22/12/2003	Acte sous seing privé
22/12/2003	Nomination/démission des organes de gestion
22/12/2003	PV d'Assemblée
22/12/2003	Statuts mis à jour
22/12/2003	Rapport des Commissaires ou du Gérant
04/07/2002	PV d'Assemblée
04/07/2002	PV du Conseil d'Administration
04/07/2002	Statuts mis à jour
04/07/2002	Acte sous seing privé
16/08/2001	Statuts mis à jour
16/08/2001	PV d'Assemblée
16/08/2001	Augmentation de Capital
16/08/2001	Acte sous seing privé
16/08/2001	Conversion du Capital Social en Euros
16/08/2000	Acte modificatif
16/08/2000	Nomination/démission des organes de gestion
16/08/2000	Acte sous seing privé
16/08/2000	PV du Conseil d'Administration
16/08/2000	Changement de Président (PDG, PCA)
28/09/1999	Nomination/démission des organes de gestion
28/09/1999	Acte modificatif
28/09/1999	Requête et Ordonnance
06/09/1999	Acte sous seing privé
06/09/1999	Rapport des Commissaires ou du Gérant
16/08/1999	Acte modificatif
16/08/1999	PV du Conseil d'Administration
06/08/1999	Acte sous seing privé
06/08/1999	PV du Conseil d'Administration
06/08/1999	Nomination/démission des organes de gestion
05/08/1999	Acte sous seing privé
05/08/1999	Projet de Fusion
05/08/1998	Statuts mis à jour
05/08/1998	Déclaration de conformité
05/08/1998	Augmentation de Capital
05/08/1998	Acte sous seing privé
05/08/1998	PV d'Assemblée
30/06/1998	PV d'Assemblée
30/06/1998	Transfert du Siège dans le ressort du Tribunal de Commerce
30/06/1998	Acte sous seing privé
19/06/1998	Rapport des Commissaires ou du Gérant
19/06/1998	Acte sous seing privé
29/05/1998	Acte sous seing privé
29/05/1998	Acte modificatif
11/05/1998	Acte modificatif
11/05/1998	Nomination/démission des organes de gestion
11/05/1998	Requête et Ordonnance
05/09/1997	Statuts
05/09/1997	Formation de Société
05/09/1997	Acte sous seing privé
05/09/1997	PV d'Assemblée
05/09/1997	Certificat de dépôt des fonds
05/09/1997	Nomination/démission des organes de gestion

Establishment events history

Date	Description
28/12/2013	Update of Establishment Workforce
01/07/2008	Modification of Head office
30/06/2008	Modification of Head office
02/01/2008	Modification of Head office (after transfer)
02/01/2008	Modification of Head office Identification
02/01/2008	Update of Establishment Address

directors

Shareholder(s)

Name	EPUR INTERNATIONAL
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	JOACHIM MUSCINESI	19/07/1973 - MARSEILLE (13)
Chief Executive Officer	M JOACHIM MUSCINESI	19/07/1973 - MARSEILLE

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 :	MNL

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

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