MIRA INFORM REPORT

Report Date :

08.08.2014

IDENTIFICATION DETAILS

Name :	COMILOG INTERNATIONAL
Registered Office :	Tour Maine Montparnasse 33 Av Du Maine Paris 15 75755 Paris Cedex 15
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	June 1994
Com. Reg. No.:	9 592 017 750
Legal Form :	Simplified joint stock company
Line of Business :	Sale of fuels, ores, metals and chemicals
No. of Employees	1 or 2

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
France	A1	A1

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

FRANCE ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds

Source : CIA

Company name

COMILOG INTERNATIONAL

company summary

		EUR VAT Number	FR43592017750
Activity (APE)	Other intermediaries in the sale of fuels, ores, metals and chemicals (4612B)	Legal form	Simplified joint stock company
Phone	01 53 91 24 00	RCS Registration	RCS Paris 9 592 017 750
Fax		Share capital	6,040,000 Euros
Address	COMILOG INTERNATIONAL TOUR MAINE MONTPARNASSE 33 AV DU MAINE PARIS 15 75755 PARIS CEDEX 15	Incorporated Date	06/1994
Nationality	France	Status	Economically active

This company is not under monitoring

Ultimate Holding Company
Company Name	Company number
ERAMET	632045381

Current Directors

2

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	8,724,000 €	7,265,000 €	8,366 €
Gross Operating Surplus	28.11 % Turnover	1.07 % Turnover	0.42 % Turnover
Shareholders’ equity	11,172,000 €	9,525,000 €	9,499 €
Net result	1,647,000 €	26,000 €	29 €
Employees	1 or 2 employees	-	-

Trends
Profitability
Liquidity
Net worth

Company details

Activity (APE)	sale of fuels, ores, metals and chemicals
RCS Registration	RCS Paris 9 592 017 750	Share capital	6,040,000 Euros
Registration Court	Paris (75)	Legal form	Simplified joint stock company
Court Registry Number	19 9 8B16222	EUR VAT Number	FR43592017750
Incorporation Date	06/1994	Formation Date	04/1994
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Ultimate Parent

1 ultimate parent company for this company > ERAMET - Commerce de gros (commerce interentreprises) de minerais et métaux (4672Z) in PARIS 15 (75015)

Establishment details

Activity (APE)	sale of fuels, ores, metals and chemicals	Business Pages FT®
Postal Address	COMILOG INTERNATIONAL TOUR MAINE MONTPARNASSE 33 AV DU MAINE PARIS 15 75755 PARIS CEDEX 15	Trading Address	33 AVENUE DU MAINE 75015 PARIS 15
Telephone	01 53 91 24 00
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	10/1998	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Paris (75)	Region	Ile-de-France
District	1	Area	99
City	PARIS 15	Size of urban area	Paris conglomeration

Other establishments

Branches	1 branch entities in this company
Head office	> COMILOG INTERNATIONAL <<< - sale of fuels, ores, metals and chemicals (75015)
Secondary establishments

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

Workforces

Workforce at address

1 or 2 employees

Company workforce

1 or 2 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

FINIANCIAL DATA

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	23/07/2014	28/01/2014	15/10/2012
Activity Code	4612B	4612B	4612B
Employees	1	0	1

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	1,834,000	0%	1,834,000	99900%	1,834	9,700	18807.2%
- Intangible assets	1,829,000	0%	1,829,000	99900%	1,829	0	0%
- Tangible assets	0	0%	0	0%	0	1,953	0%
- Financial assets	5,000	0%	5,000	99900%	05	588	750.3%
Net current assets	12,722,000	22.0%	10,427,000	89881.0%	11,588	330,892	3744.8%
- Stocks	0	0%	0	0%	0	0	0%
- Advanced payments	0	22.0%	0	0%	0	0	0%
- Receivables	12,722,000	22.0%	10,426,000	89872.4%	11,588	111,264	11334.1%
- Securities and cash	0	0%	1,000	0%	0	46,766	0%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	14,556,000	18.7%	12,261,000	91250.0%	13,422	388,714	3644.7%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	11,172,000	17.3%	9,525,000	100173.7%	9,499	128,458	8597.0%
Share capital	6,040,000	0%	6,040,000	99900%	6,040	26,000	23130.8%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	88,000	-1.1%	89,000	109776.5%	81	0	0%
Liabilities	3,296,000	24.5%	2,647,000	68796.4%	3,842	214,256	1438.3%
- Financial liabilities	1,000	-93.8%	16,000	799900%	02	3,983	-74.9%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	2,466,000	6.0%	2,326,000	62952.3%	3,689	40,125	6045.8%
- Tax and social liabilities	829,000	171.8%	305,000	201886.8%	151	44,713	1754.0%
- Other debts and fixed assets liabilities	0	0%	0	0%	0	1,337	0%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	14,556,000	18.7%	12,261,000	91250.0%	13,422	388,714	3644.7%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	8,725,000	20.1%	7,267,000	86196.2%	8,421	544,488	1502.4%
Net turnover	8,724,000	20.1%	7,265,000	86739.6%	8,366	476,526	1730.8%
- of which net export turnover	8,724,000	0%	0	0%	8,366	0	0%
Operating charges	6,272,000	-13.0%	7,211,000	85704.4%	8,404	471,050	1231.5%
Operating profit/loss	2,453,000	4280.4%	56,000	329311.8%	17	32,968	7340.5%
Financial income	24,000	700%	3,000	14900%	20	303	7820.8%
Financial charges	1,000	-90.0%	10,000	124900%	08	258	287.6%
Financial profit/loss	23,000	428.6%	-7,000	-58433.3%	12	0	0%
Pretax net operating income	2,476,000	4953.1%	49,000	168865.5%	29	35,032	6967.8%
Extraordinary income	0	0%	0	0%	0	0	0%
Extraordinary charges	0	0%	3,000	0%	0	35	0%
Extraordinary profit/loss	0	0%	-3,000	0%	0	0	0%
Net result	1,647,000	6234.6%	26,000	89555.2%	29	29,779	5430.7%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2013	31/12/2012	31/12/2011
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	14,556,000	18.7%	12,261,000	91250.0%	13,422
	Gross	CO	15,120,000	3.2%	14,645,000	92554.7%	15,806
	Amortisation	1A	564,000	-76.3%	2,384,000	99900%	2,384

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	1,834,000	0%	1,834,000	99900%	1,834
	Gross	BJ	2,398,000	-43.1%	4,218,000	99900%	4,218
	Amortisation	BK	564,000	-76.3%	2,384,000	99900%	2,384

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	0	0%	0
	Gross	AF	0	0%	1,820,000	99900%	1,820
	Amortisation	AG	0	0%	1,820,000	99900%	1,820
	Goodwill	Net	1,829,000	0%	1,829,000	99900%	1,829
	Gross	AH	1,829,000	0%	1,829,000	99900%	1,829
	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	1,829,000	0%	1,829,000	99900%	1,829

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	0	0%	0	0%	0
	Gross	AT	564,000	0%	564,000	99900%	564
	Amortisation	AU	564,000	0%	564,000	99900%	564
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	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	0		0		0

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	0	0%	0
	Gross	CU	0	0%	0	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	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	5,000	0%	5,000	99900%	05
	Gross	BH	5,000	0%	5,000	99900%	05
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		5,000		5,000		05

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	12,722,000	22.0%	10,427,000	89881.0%	11,588
	Gross	CJ	12,722,000	22.0%	10,427,000	89881.0%	11,588
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2013		31/12/2012		31/12/2011
	Raw materials	Net	0	0%	0	0%	0
	Gross	BL	0	0%	0	0%	0
	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	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	0

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	7,568,000	6.0%	7,139,000	97108.6%	7,344
	Gross	BX	7,568,000	6.0%	7,139,000	97108.6%	7,344
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	5,153,000	56.8%	3,286,000	77345.2%	4,243
	Gross	BZ	5,153,000	56.8%	3,286,000	77345.2%	4,243
	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	12,721,000	22.0%	10,425,000	89871.5%	11,587

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	0	0%	1,000	0%	0
	Gross	CF	0	0%	1,000	0%	0
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	0	0%	1,000	0%	0

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	1,000	0%	1,000	99900%	01
	Gross	CH	1,000	0%	1,000	99900%	01
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
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%	0
Gross		0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	14,556,000	18.7%	12,261,000	91250.0%	13,422

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	11,172,000	17.3%	9,525,000	100173.7%	9,499
	Equity and shareholders' equity	DA	6,040,000	0%	6,040,000	99900%	6,040
	Issue and merger premiums	DB	2,582,000	0%	2,582,000	99900%	2,582
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	160,000	0%	160,000	99900%	160
	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	977,000	0%	977,000	99900%	977
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	-234,000	10.0%	-260,000	-89865.4%	-289
	Profit or loss for the period	DI	1,647,000	6234.6%	26,000	89555.2%	29
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	88,000	-1.1%	89,000	109776.5%	81
	Risk provisions	DP	0	0%	0	0%	0
	Reserves for charges	DQ	88,000	-1.1%	89,000	109776.5%	81

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	3,296,000	24.5%	2,647,000	68796.4%	3,842
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1,000	-93.8%	16,000	799900%	02
	Sundry loans and financial liabilities	DV	0	0%	0	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	2,466,000	6.0%	2,326,000	62952.3%	3,689
	Tax and social security liabilities	DY	829,000	171.8%	305,000	201886.8%	151
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	0	0%	0	0%	0

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result(I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	2,453,000	4280.4%	56,000	329311.8%	17

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	23,000	428.6%	-7,000	-58433.3%	12

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	2,476,000	4953.1%	49,000	168865.5%	29

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	0	0%	-3,000	0%	0

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	1,647,000	6234.6%	26,000	89555.2%	29

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	8,749,000	20.3%	7,270,000	86027.2%	8,441

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

		31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	7,104,000	-1.9%	7,244,000	86015.1%	8,412

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	8,725,000	20.1%	7,267,000	86196.2%	8,421

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	Sale of goods for resale	FC	0	0%	0	0%	0
	France	FA	0	0%	0	0%	0
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	0	0%	0	0%	0
	France	FD	0	0%	0	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	8,724,000	20.1%	7,265,000	86739.6%	8,366
	France	FG	0	0%	7,265,000	0%	0
	Export	FH	8,724,000	0%	0	0%	8,366
	Net turnover	FL	8,724,000	20.1%	7,265,000	86739.6%	8,366
	France	FJ	0	0%	7,265,000	0%	0
	Export	FK	8,724,000	0%	0	0%	8,366
	Stocked production	FM	0	0%	0	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	0	0%	0	0%	0
	Release of reserves and provisions	FP	1,000	-50.0%	2,000	0%	0
	Other income	FQ	0	0%	0	0%	55

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	6,272,000	-13.0%	7,211,000	85704.4%	8,404

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	0	0%	0	0%	0
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	5,946,000	-12.7%	6,809,000	84768.5%	8,023
Tax, duty and similar payments	FX	54,000	145.5%	22,000	61011.1%	36
Payroll	FY	171,000	-30.2%	245,000	127504.2%	192
Social security costs	FZ	101,000	-9.0%	111,000	138650.0%	80

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	0	0%	0	0%	0
Amortisation of fixed assets	GB	0	0%	0	0%	67
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	0	0%	10,000	0%	0

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	0	0%	14,000	233233.3%	06

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	24,000	700%	3,000	14900%	20
	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	24,000	700%	3,000	14900%	20
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	0	0%	0	0%	0
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	1,000	-90.0%	10,000	124900%	08
	Financial reserves and provisions	GQ	1,000	0%	0	0%	0
	Interest and similar charges	GR	0	0%	10,000	124900%	08
	Exchange losses	GS	0	0%	0	0%	0
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	0	0%	0	0%	0
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	0
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges(VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	0	0%	3,000	0%	0
	Extraordinary operating charges	HE	0	0%	3,000	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	831,000	3857.1%	21,000	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	0	0%	0
	Decreasess by transfers	OK2	0	0%	0	0%	0
	Gross value at the end of period	OL	0	0%	0	0%	4,218

Research and development Charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	KD	0	0%	0	0%	3,650
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	0	0%	3,650

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	0	0%	0	0%	561
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	0	0%	0
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	0	0%	0	0%	561

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	0	0%	0	0%	05
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	0	0%	0	0%	05

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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	0	0%	0	0%	1,820
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	0	0%	1,820

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	0	0%	0	0%	561
Increases		QV	0	0%	0	0%	0
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	0	0%	0	0%	561

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2013		31/12/2012		31/12/2011
	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

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	0	0%	0	0%	11,592
1 year at most	VU	0	0%	0	0%	11,587
More than one year	VV	0	0%	0	0%	05

State of loans

		31/12/2013		31/12/2012		31/12/2011
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	0	0%	0	0%	05
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	75
Value added tax	VB	0	0%	0	0%	1,032
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	10,481
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	0	0%	0	0%	01

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	0	0%	0	0%	3,842
1 year at most		VZ2	0	0%	0	0%	3,842
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

			31/12/2013		31/12/2012		31/12/2011
	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%	0	0%	02
1 year at most		VG2	0	0%	0	0%	02
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	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	0	0%	0	0%	13
1 year at most		8B2	0	0%	0	0%	13
More than 1 year and 5 years at most		8B3	0	0%	0	0%	13
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	100
1 year at most		8C2	0	0%	0	0%	100
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	36
1 year at most		8D2	0	0%	0	0%	36
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%	16
1 year at most		VW2	0	0%	0	0%	16
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	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
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	0	0%	0	0%	3,676
1 year at most		VI2	0	0%	0	0%	3,676
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	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
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

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2013		31/12/2012		31/12/2011
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	01	0%	0	0%	01

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Fixed Asset Financing		4.93	73.0%	2.85	0.4%	2.84	4.46	10.5%
Global Debt		136days	3.8%	131days	-20.6%	165days	101.50days	34.0%
Working Capital Fund overall net		389days	0.8%	386days	15.9%	333days	85.50days	355.0%
Financial independence		1117200%	1776.7%	59531.25%	-87.5%	474950%	1663.70%	67051.5%
More ratios
Solvability		76.75%	-1.2%	77.69%	9.8%	70.77%	48.05%	59.7%
Capacity debt futures		%	-	%	-	474950%	2325%	-
Coverage of current assets by net working capital overall		74.11%	-0.9%	74.77%	11.8%	66.87%	50.93%	45.5%
General Liquidity			-		-	3.02	0.86	-
Restricted Liquidity			-		-	3.02	1.62	-

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		389days	0.8%	386days	15.9%	333days	22days	1668.2%
Treasury		0days	0%	0days	0%	0days	13days	0%
Inventory turnover of goods		days	-	days	-	days	13days	-
Average length of credit granted to customers		312days	-11.9%	354days	12.0%	316days	60.50days	415.7%
Average length of credit obtained suppliers		149days	21.1%	123days	-25.9%	166days	50days	198.0%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	-	days	-	days	0days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	1618days	-
Rotation tangible assets		%	-	%	-	1491.27%	2308.79%	-

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		0%	0%	0%	0%	0	0%	0%
Profitability of the business		28.11	2527.1%	1.07	154.8%	0.42	4.75%	491.8%
Net profit		18.88%	5144.4%	0.36%	2.9%	0.35%	3.64%	418.7%
More ratios
Growth rate of turnover (excluding VAT)		20.08%	-100.0%	86739.59%	758113.2%	11.44%	-0.35%	5837.1%
Rates integration		31.84%	407.0%	6.28%	53.2%	4.10%	35.25%	-9.7%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		9.79%	-87.5%	78.07%	-1.6%	79.30%	58.85%	-83.4%
Weight interests		0.01	-92.9%	0.14%	40.0%	0.10%	0.02%	-50.0%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		18.89%	5147.2%	0.36%	-68.7%	1.15%	5.81%	225.1%
Rates of economic profitability		22%	2100%	1%	0%	0%	13%	69.2%
Financial profitability		11172000%	17.3%	9525000%	100173.7%	9499%	128458%	8597.0%
Return on investment		14.75%	3781.6%	0.38%	-2.6%	0.39%	11.47%	28.6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Turnover	8,724,000	20.1%	7,265,000	86739.6%	8,366	476,526 €	1730.8%

Sales of goods	0	0%	0	0%	0
- Purchase of goods	0	0%	0	0%	0
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	0 €	0%	0 €	0%	0 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0.00 % CA	0.28 % CA	0%

Sale of goods produced	8,724,000	20.1%	7,265,000	86739.6%	8,366
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	8,724,000 €	20.1%	7,265,000 €	86739.6%	8,366 €	108,668 €	7928.1%
	100.00 % CA	0%	100.00 % CA	0%	100.00 % CA	100 % CA	0%

Trading margin	0	0%	0	0%	0	0	0%
+ Period Production	8,724,000	20.1%	7,265,000	86739.6%	8,366	108,668	7928.1%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	5,946,000	-12.7%	6,809,000	84768.5%	8,023
Added value	2,778,000 €	509.2%	456,000 €	132844.6%	343 €	142,944 €	1843.4%
	31.84 % CA	407.0%	6.28 % CA	53.2%	4.10 % CA	35.25 % CA	-9.7%

Added value	2,778,000 €	509.2%	456,000 €	132844.6%	343 €	142,944 €	1843.4%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	54,000	145.5%	22,000	61011.1%	36
- Personal charges	272,000	-23.6%	356,000	130782.4%	272
Gross operating surplus	2,452,000 €	3043.6%	78,000 €	222757.1%	35 €	35,502 €	6806.7%
	28.11 % CA	2527.1%	1.07 % CA	154.8%	0.42 % CA	4.75 % CA	491.8%

Gross operating surplus	2,452,000 €	3043.6%	78,000 €	222757.1%	35 €	35,502 €	6806.7%
+ Release of reserves and provisions	1,000	-50.0%	2,000	0%	0
+ Other operating income	0	0%	0	0%	55
- Depreciation/Amortisation	0	0%	10,000	14825.4%	67
- Other charges	0	0%	14,000	233233.3%	06
Operating result	2,453,000 €	4280.4%	56,000 €	329311.8%	17 €	32,968 €	7340.5%
	28.12 % CA	3551.9%	0.77 % CA	285.0%	0.20 % CA	4.56 % CA	516.7%

Operating result	2,453,000 €	4280.4%	56,000 €	329311.8%	17 €	32,968 €	7340.5%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	24,000	700%	3,000	14900%	20
- Financial charges	1,000	-90.0%	10,000	124900%	08
Pre-tax result	2,476,000 €	4953.1%	49,000 €	168865.5%	29 €	35,034 €	6967.4%
	28.38 % CA	4135.8%	0.67 % CA	91.4%	0.35 % CA	5.09 % CA	457.6%

Extraordinary income	0	0%	0	0%	0	0	0%
- Extraordinary charges	0	0%	3,000	0%	0
Extraordinary result	0 €	0%	-3,000 €	0%	0 €	0 €	0%
	0.00 % CA	0%	-0.04 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	2,476,000 €	4953.1%	49,000 €	168865.5%	29 €	35,034 €	6967.4%
Extraordinary result	0 €	0%	-3,000 €	0%	0 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	831,000	3857.1%	21,000	0%	0
Net result	1,645,000 €	6480.0%	25,000 €	86106.9%	29 €	29,779 €	5424.0%
	18.86 % CA	5447.1%	0.34 % CA	-2.9%	0.35 % CA	3.64 % CA	418.1%

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Ultimate parent company	ERAMET
Direct parent	COMILOG HOLDING - 100 %
Group – Number of companies	89
Linkages – Number of companies	24
Number of countries	9

Group Structure

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Display only where participation % > 33 %

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ERAMET

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Company Name	SIREN	Parts	Last account published
ERAMET	632045381	-	31/12/2013
SOCIÉTÉ LE NICKEL	-	56%	-
POUM SAS	-	56%	-
WEDA BAY MINERALS	1144833	100%	-
COFREMMI	702045394	56%	-
STRAND MINERALS PTE LTD	-	66.66%	-
PT WEDA BAY NICKEL	-	90%	-
WEDA BAY MINERALS PTY LTD	-	100%	-
ERAMET HOLDING NICKEL	335120515	100%	31/12/2013
EUROTUNGSTENE POUDRES	325538973	100%	31/12/2013
ERAMET INGENIERIE	301570214	100%	31/12/2012
ERAMET RESEARCH	301608634	100%	31/12/2013
BROWN EUROPE	382844579	100%	31/12/2013
ERAMET ALLIAGES	432883817	100%	31/12/2012
AUBERT & DUVAL	380342808	100%	31/12/2013
AUBERT & DUVAL	US33633841	100%	-
SOC INTERNATIONALE FORGEAGE MATR...	732032271	94%	31/12/2012
ERAMET HOLDING ALLIAGES	562013995	100%	31/12/2012
MICROSTEEL-CIMD	312610629	100%	31/12/2013
GBS GESELLSCHAFT FÜR BUCHHALTUNG...	HRB 19799	100%	31/12/2009
ERASTEEL	352849137	100%	31/12/2013
ERASTEEL STUBS LIMITED	03966107	100%	31/12/2012
ERASTEEL CHAMPAGNOLE SA	320564321	100%	31/12/2013
ERASTEEL (UK) LIMITED	06989140	100%	31/08/2013
ERASTEEL GMBH	HRB 13224	100%	31/12/2012
ERASTEEL KLOSTER AKTIEBOLAG	5560571811	100%	31/12/2012
ERASTEEL INC	US20360794	100%	-
ERASTEEL INNOVATIVE MATERIAL CO ...	-	100%	-
ERASTEEL INDIA PTE LTD	-	74%	-
ERASTEEL CHINA LTD	-	100%	-
METAL SECURITIES	418457362	100%	31/12/2011
ERAMET INTERNATIONAL	398932939	100%	31/12/2013
ERAMET COMILOG MANGANESE	424947935	100%	31/12/2013
ERAMET NORWAY A/S(PORSGRUNN)	-	100%	-
COMPAGNIE MINIÈRE DE L' OGOOUÉ Z ...	-	65.08%	-
SETRAG SA	-	83.88%	-
GUANGXI COMILOG FERRO ALLOYS	-	70%	-
ERAMET MARIETTA, INC	US07452006	100%	-
ERACHEM COMILOG SA	-	100%	-
UNIMIN HOLDING GMBH IN LIQUIDATI...	310335	100%	-
COMILOG HOLDING	404913105	100%	31/12/2013
COMILOG INTERNATIONAL	592017750	100%	31/12/2013
COMILOG (LAUSANNE) S.A. EN LIQUI...	14282	100%	-
GUILIN COMILOG FERRO ALLOYS LTD	-	100%	-
GULF CHEMICAL & METALLURGICAL	US30516027	100%	-
BEAR METALLURGICAL CORPORATION	-	100%	-
MINER HOLDINGS B.V.	33220037	100%	31/12/2012
PORT MINÉRALIER D'OWENDO (GABON)	-	97.26%	-
ERACHEM CHEMILOG INC	US45097461	100%	-
ERACHEM MEXICO SA	-	100%	-
COMILOG ASIA FERRO ALLOYS LTD	-	100%	-
COMILOG FRANCE	307046060	100%	31/12/2013
COMILOG DUNKERQUE	345308936	100%	31/12/2013
COMILOG FAR EAST DEVELOPMENT LTD	-	100%	-
COMILOG US	-	100%	-
ERAMET COMILOG SHANGAI TRADING C...	-	100%	-
GUANGXI ERAMET COMILOG CHEMICALS	-	100%	-
GULF CHEMICAL AND METALLURGICAL ...	-	100%	-
ERAMET NORWAY A/S SAUDA	-	100%	-
ERAMET HOLDING MANGANESE	414947275	100%	31/12/2012
COMILOG ASIA LTD	-	80%	-
ERAS S.A.	B35721	100%	-
METAL CURRENCIES	493227482	100%	31/12/2012
TINFOS NOTODDEN	-	34%	-
ERALLOYS HOLDING AS	990888140	100%	31/12/2012
TINFOS INTERNATIONAL A/S	-	100%	-
VALDI	479736894	100%	31/12/2012
DNN INDUSTRIER A/S	911177137	100%	31/12/2012
ERAMET TINFOS TITAN A/S	-	100%	-
ERAMET NORWAY KVINESDAL A/S	-	100%	-
TINFOS AS	916763476	33.35%	31/12/2012
UKAD	509667838	50%	31/12/2012
TINFOS AQUA A/S	-	100%	-
AUBERT & DUVAL MOLD AND DIE TECHNOLO...	-	85%	-
SOMIVAB	-	83%	-
SOGAFERRO	-	69.99%	-
GULF CHEMICAL AND METALLURGICAL CORP...	-	65.08%	-
COMILOG S.A.	-	65.08%	-
TINFOS ENERGI A/S	-	100%	-
ERAMET TITAN AS	984682484	100%	31/12/2011
ERAMINE	428739627	100%	31/12/2013
LA PETITE-FAYE	-	100%	-
ERALLOYS ENERGI A/S	-	100%	-
ERASTEEL INNOVATIVE MATERIALS CO LTD	-	100%	-
SOC INDUSTRIELLE MECANIQUE APPLIQUEE	333784080	100%	31/12/2013
BOLERA MINERA SA	-	50%	-
ERAMINE SUD AMERICA SA	-	100%	-
ERAMET COMILOG SHANGHAI TRADING	-	93.02%	-
TIZIR LIMITED	-	50%	-

Shareholders

Type of shareholder

Shareholders

Linkages

Ultimate parent company
Direct parent
Group – Number of companies
Linkages – Number of companies
Number of countries
Company Name	SIREN	Last account	Turnover
ERAMET NORWAY AS	980518647	31/12/2013	31 458 894 KNOK
MONIAL AS	970979360	31/12/2012	79 378 KNOK
TIZIR TITANIUM & IRON AS	934505557	31/12/2012	1 345 978 KNOK
ERALLOYS ENERGY AS	984682409	31/12/2011	0 KNOK
FINNESETBEKKEN KRAFTVERK AS	993351326	31/12/2012	731 KNOK
REKÅA KRAFTVERK AS	994562223	31/12/2012	384 KNOK
SAKSENVIK KRAFT AS	980411060	31/12/2012	613 KNOK
K F FJELLSIKRING AS	974332132	31/12/2012	150 KNOK
ERAMET ALLOYS UK LIMITED	01847475	31/12/2013	875 892 £
AUBERT & DUVAL DEUTSCHLAND GMBH	HRB 125231	31/12/2012	-
HARASTØLEN AS	880932942	31/12/2012	162 KNOK
TINFOS EIENDOM AS	896276212	31/12/2012	54 KNOK
SÖDERFORS POWDER AKTIEBOLAG	5563007847	31/12/2013	0 KSEK
SÖDERFORS SPECIALVERKEN AKTIEBOLAG	5564108925	31/12/2013	0 KSEK
COMMENTRYENNE LIMITED	00616106	31/12/2013	-
SKINNER STEELS LIMITED	01320724	31/12/2013	-
AUBERT&DUVAL U.K. LTD	04125905	31/12/2012	-
GRÅSSVOLL ANS	984889100	31/12/2012	0 KNOK
AUBERT & DUVAL SA	-	-	-
ERAMET SA	-	-	-
ERASTEEL S.A.S.	-	-	-
P.T. WEDA BAY NICKEL	-	-	-
STRAND MINERALS (INDONESIA) PT	-	-	-
WEDA BAY MINERALS PTY LTD	-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
26/08/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8736 - 592017750 RCS. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 33 avenue du Maine Cedex 15Tour Maine Montparnasse 75755 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
27/08/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 12042 - 592017750 RCS. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 33 avenue du Maine Cedex 15Tour Maine Montparnasse 75755 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
23/11/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1971 - 592 017 750 RCS Paris. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Administration : nomination du Directeur général : Fabre, Jean. Capital : 6040000 EUR. Activité : . Adresse du siège social : 33 avenue du Maine, Tour Maine Montparnasse, 75755 Paris. Commentaires : modification survenue sur l'administration.
20/09/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10488 - 592017750 RCS. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 33 AV DU MAINE CEDEX 15TOUR MAINE MONTPARNASSE 75755 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
20/09/2009	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11362 - 592017750 RCS. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 33 avenue du Maine Cedex 15Tour Maine Montparnasse 75755 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
30/10/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 9521 - 592017750 RCS. COMILOG INTERNATIONAL. Forme : Société par actions simplifiée. Adresse : 33 avenue du Maine Cedex 15Tour Maine Montparnasse, 75755 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
18/12/2007	Bodacc C	Avis de dépôt des comptes
7686 - 592 017 750. RCS Paris COMILOG INTERNATIONAL. Forme: Société par actions simplifiée. Adresse du siège social: 33 avenue du Maine Cedex 15Tour Maine Montparnasse, 75755 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
17/01/2007	Bodacc C	Avis de dépôt des comptes
6757 - RCS Paris B 592 017 750. RC 98-B 16222. COMILOG INTERNATIONAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: 33, avenue du Maine tour Maine Montparnasse,Paris, 75755 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
28/01/2006	Bodacc C	Avis de dépôt des comptes
4918 - RCS Paris B 592 017 750. RC 98-B 16222. COMILOG INTERNATIONAL. Forme: SOCIETE PAR ACTIONS SIMPLIFIEE. Adresse du siège social: tour Maine Montparnasse 33, avenue du Maine,Paris, 75755 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
07/04/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A.S. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président : ABEKE (Marcel). Administrateurs partants : COMILOG HOLDING S.A.R.L. BEAUDOUT (Michel, Jean) ANDRE (Patrick).
10/10/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : BACARDATS ( Jacques) CEDARD (Alain). Nomination d' administrateurs : BEAUDOUT (Michel, Jean) ANDRE (Patrick).
10/10/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d' administration et directeur général : ABEKE (Marcel).
09/01/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Capital : 6 040 000 euros. Commentaires : modification survenue sur le capital ( augmentation).
02/01/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : SCACCHI (Pierre-Henri). Nomination du commissaire aux comptes titulaire : ERNST ET YOUNG AUDIT. Commissaire aux comptes suppléant partant : CABINET ERNST AND YOUNG. Nomination du commissaire aux comptes suppléant : MONTSERRAT (Jean-Marc).
09/01/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : MOULARD (Jean- Louis). Nomination d'un administrateur : CEDARD (Alain).
09/01/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 592017750 RC 98-B 16222 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : COMILOG. Nomination d'un administrateur : COMILOG HOLDING S.A.R.L.
29/11/1998	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Adresse du siège social : 195 avenue Charles-de-Gaulle 92200 Neuilly-sur- Seine Date de radiation: 16 novembre 1998.
27/11/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 592 017 750 RC RC 98- B 16222 COMILOG INTERNATIONAL. Forme : S. A. Capital : 39 556 000 F. Activité : la société a pour objet de procéder, en tous pays à toutes opérations financières, industrielles et minières, d'exercer toutes activités de négoce et de service. Adresse du siège social : tour Maine-Montparnasse, 33, avenue du Maine 75755 Paris cedex 15. Administration : président du conseil d' administration : ABEKE (Marcel) Administrateurs : COMILOG, dont le représentant permanent est : BOUR ( François) MOULARD (Jean-Louis) BACARDATS (Jacques). Commissaire aux comptes titulaire : SCACCHI (Pierre, Henri). Commissaire aux comptes suppléant : CABINET ERNST AND YOUNG. Commentaires : cette société transfère son siège du 195, avenue Charles-de- Gaulle, 92200 Neuilly-sur-Seine. Ancien RC : 94-B 3244 Date de début d' activité: 9 décembre 1957. Date d'effet : 1er octobre 1998.
26/07/1998	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GROS (Philippe) . Nomination d'un administrateur : BACARDATS (Jacques).
10/07/1997	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : SAMARAN (Jean-Claude). Modification du commissaire aux comptes titulaire : SCACCHI (Pierre, Henri). Nomination du commissaire aux comptes suppléant : CABINET ERNST AND YOUNG.
14/03/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 592 017 750 RC RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Administration : démission : administrateurs : JANVIER (Sylvain, Albert) GAUTIER (René). Nomination en qualité d'administrateurs : GROS ( Philippe) MOULARD (Jean-Louis). Commentaires : modification survenue sur l'administration.
19/10/1996	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Capital : 39 556 000 F. Commentaires : modification survenue sur le capital.
05/11/1995	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Administration : président du conseil d' administration : ABEKE (Marcel). Directeur général et administrateur : LEVEAU (Michel, Louis, Marcel). Administrateurs : JANVIER (Sylvain, Albert) GAUTIER (René). Commissaires aux comptes titulaires : CABINET B.D.A. SAMARAN (Jean-Claude). Commissaire aux comptes suppléant : SCACCHI (Pierre, Henri). Commentaires : modification survenue sur l'administration.
25/07/1995	Bodacc B	Modifications et mutations diverses
RCS Nanterre B 592 017 750 RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A. Administration : président du conseil d' administration : RODOZ (Silvio). Directeur général et administrateur : LEVEAU (Michel, Louis, Marcel). Administrateurs : JANVIER (Sylvain, Albert) ABEKE (Marcel) GAUTIER ( René). Commissaires aux comptes titulaires : CABINET B.D.A. SAMARAN ( Jean-Claude). Commissaire aux comptes suppléant : SCACCHI (Pierre, Henri). Commentaires : modification survenue sur l'administration.
30/04/1995	Bodacc B	Modifications et mutations diverses
RCS *. RCS Nanterre B 592 017 750 RC RC 94-B 3244 COMILOG INTERNATIONAL. Forme : S.A Nom commercial: Samaf. Administration : président du conseil d' administration : RODOZ (Silvio) Directeur général et administrateur : LEVEAU (Michel, Louis, Marcel). Administrateurs : MATHIEU (Jean, Noel) JANVIER (Sylvain, Albert) NAOME (Jean, René, Alexandre) ABEKE (Marcel). Commissaire aux comptes titulaire : CABINET B.D.A. Commissaire aux comptes suppléant : DONABIN (Martine). Commentaires : modification survenue sur la dénomination, le sigle (suppression) et l'administration.

Company events history

Date	Description
24/07/2014	Update Limit
24/07/2014	Update Rating
24/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/01/2014	Update Limit
31/01/2014	Update Rating
31/01/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
19/10/2013	Update Rating
19/10/2013	Update Limit
26/08/2013	Bodacc C : Deposit accounts notice
25/07/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
17/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/08/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
23/11/2011	Bodacc B: Various editing or changing
08/11/2011	Changes to the Board of Directors
08/11/2011	Minutes of general meeting of shareholders
08/11/2011	Updated articles of association
07/09/2011	Bodacc C : Deposit accounts notice
26/07/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2010	New accounts available
20/09/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
20/09/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
30/10/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
25/03/2004	Changement de Forme Juridique avec changement de catégorie
25/03/2004	Changement de Président (PDG, PCA)
25/03/2004	Acte sous seing privé
25/03/2004	PV d'Assemblée
25/03/2004	Statuts mis à jour
25/03/2004	Rapport des Commissaires ou du Gérant
31/12/2003	New accounts available
27/09/2002	PV d'Assemblée
27/09/2002	Nomination/démission des organes de gestion
27/09/2002	Changement de Président (PDG, PCA)
27/09/2002	Modification du Conseil d'Administration
27/09/2002	Statuts mis à jour
27/09/2002	Acte sous seing privé
27/09/2002	PV du Conseil d'Administration
27/12/2001	Acte sous seing privé
27/12/2001	Augmentation de Capital
27/12/2001	Conversion du Capital Social en Euros
27/12/2001	Statuts mis à jour
27/12/2001	PV du Conseil d'Administration
18/12/2001	Changement de Commissaire aux Comptes
18/12/2001	Nomination/démission des organes de gestion
18/12/2001	Acte sous seing privé
18/12/2001	PV d'Assemblée
24/12/1999	PV du Conseil d'Administration
24/12/1999	PV d'Assemblée
24/12/1999	Nomination/démission des organes de gestion
24/12/1999	Acte sous seing privé
24/12/1999	Modification du Conseil d'Administration
10/11/1998	Statuts mis à jour
10/11/1998	Acte sous seing privé
10/11/1998	Immatriculation suite à transfert
10/11/1998	PV du Conseil d'Administration
08/07/1998	Statuts mis à jour
08/07/1998	Acte sous seing privé
08/07/1998	PV d'Assemblée
08/07/1998	Nomination/démission des organes de gestion
08/07/1998	Modification du Conseil d'Administration
24/06/1997	Acte sous seing privé
24/06/1997	Nomination/démission des organes de gestion
24/06/1997	Changement de Commissaire aux Comptes
24/06/1997	PV d'Assemblée
27/02/1997	PV du Conseil d'Administration
27/02/1997	Acte sous seing privé
27/02/1997	Modification du Conseil d'Administration
27/02/1997	Nomination/démission des organes de gestion
29/11/1996	Acte modificatif
29/11/1996	Nomination/démission des organes de gestion
29/11/1996	PV d'Assemblée
29/11/1996	Acte sous seing privé
16/11/1996	Nomination/démission des organes de gestion
16/11/1996	Acte sous seing privé
16/11/1996	Modification du Conseil d'Administration
16/11/1996	Acte modificatif
16/11/1996	PV du Conseil d'Administration
05/10/1996	Acte modificatif
05/10/1996	Projet de Fusion
05/10/1996	Nomination/démission des organes de gestion
05/10/1996	Statuts mis à jour
05/10/1996	Expédition acte notarié
05/10/1996	PV d'Assemblée
05/10/1996	Changement de date de clôture
05/10/1996	PV du Conseil d'Administration
02/04/1996	Rapport des Commissaires ou du Gérant
02/04/1996	Acte modificatif
18/12/1995	Acte modificatif
18/12/1995	Requête et Ordonnance
12/10/1995	Changement de Président (PDG, PCA)
12/10/1995	Modification du Conseil d'Administration
12/10/1995	Nomination/démission des organes de gestion
12/10/1995	Acte modificatif
12/10/1995	PV du Conseil d'Administration
27/06/1995	Modification du Conseil d'Administration
27/06/1995	Acte modificatif
27/06/1995	PV d'Assemblée
27/06/1995	Nomination/démission des organes de gestion
23/03/1995	Acte modificatif
23/03/1995	Changement de dénomination sociale
23/03/1995	PV d'Assemblée
23/03/1995	PV du Conseil d'Administration
23/03/1995	Statuts mis à jour
24/06/1994	PV d'Assemblée
24/06/1994	Statuts

directors

Name	M. ABEKE MARCEL
Manager position	President	Date of birth	26/04/1953
Place of birth	BRAZZAVILLE(CONGO)
Type	Individual	Name at birth

Name	M. FABRE JEAN
Manager position	Managing director	Date of birth	08/07/1953
Place of birth	POITIERS (86000)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Chairman of the Board	M MARCEL ABEKE	4/26/1953 - BRAZAVILLE CONGO

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.41
UK Pound	1	Rs.103.42
Euro	1	Rs.82.17

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%)

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